Four Lessons and Beating the Odds

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<h1>Four Lessons and Beating the Odds</h1> <p align=right>by Value Connection</p> <div align=justify>Four Lessons Regarding the Performance of Your People by Rand Golletz If you lead an organization — anything from a two-person start-up to a Fortune 500 — and your people are achieving planned results regularly, congratulations to them; they're doing a great job. If, however, they are not regularly achieving planned results, then you are not doing your job! Here's the deal: As an organizational leader, you hire the people, you establish the standards, you set the expectations and you manage the performance. If you are doing those things, there's a good chance that planned results will happen. If you aren't, they won't. Pretty simple. A quick story: I got a call from a senior leader of a Fortune 100, I'll call him Fred, ostensibly to work with one of his direct reports, John. As Fred told me the story, John had a "rough engagement style." For those of you not tuned into corporate jargon, that meant that the guy didn't play well with others. At the appointed time, I visited separately with Fred and John to discuss the issue and to get their separate takes on whether they saw the problem similarly. As it turned out, my bringing up the issue with John was the first that he had heard of it. Not one discussion with Fred had happened – ever! When I raised the point with Fred, he gazed at me in disbelief. "I'm not going to have that discussion with John," he said. "He might get angry or dispirited!" I kept my dismay to myself. I am, after all, a trained professional! Instead, I calibrated my response and tone both to get to the point and make sure Fred heard it. "So, Fred," I began, "what I'm hearing you say is that dealing with this issue will be my problem, not yours." I really expected a response something like this: "Not at all, Rand. I didn't know how to deal with this, so I was kind of hoping that you could help me as well as John." Not quite! Instead, Fred responded with "that's right." I took a deep breath and shared with him the story of another of my clients, a Fortune 100 CEO who spends an average of 500 hours a year reviewing the performance and development of the top 200 managers in his company. Fred then asked, "When does he have the time to do his job?" My disbelief deepened. I won't continue with this story; you get the picture. I get re-aggravated just to think that this $million a year caveman actually believed that he didn't own any part of his peoples' performance and development. The four lessons for you from this story: • Your people have a right to understand how their performance "fits into the whole." You have an obligation to make sure they do. • Your people have a right to have their performance linked to organizational plans in a specific way and documented as well as discussed at the beginning of each performance period. You have an obligation to make that happen. • Your people have the right to have their performance vs. your expectations discussed precisely, regularly and frequently. You have an obligation to do that. • Your people have a right to understand their prospects. You have an obligation to discuss that with them at least annually. I'm not talking here about "lapsing into terminal niceness." You cannot possibly achieve success as an organizational leader without doing these things. You won't get results; you won't get performance; you won't get respect and, ultimately (and quite frankly, hopefully), you won't get to keep your job. This is not tangential stuff; it gets to the heart of performance and it represents a huge opportunity and problem for most leaders. If you can honestly say that you do a good job on these matters currently, congratulations. You're in the minority. If not, you're missing a primary opportunity for leadership leverage. While your situation may not be as dire as Fred's, you're the one who needs the coach! Beating the Odds on Business Failure by Mark Akerley Every year we see statistics reporting that about 50 percent of businesses fail in their first year and an even greater percentage fail within five years. Many reports also state the top reasons for this: insufficient capital, poor credit arrangements, bad location, competition, market turndowns, etc. I'd like to suggest that these are not reasons for business failure, they are merely symptoms. The real reason why a business fails is because the business leader fails, plain and simple. Once we've come to terms with this "brutal truth" we can get at root causes: insufficient (or total lack of) execution, decisiveness, delivering on commitments and acceptance of reality. But as we start the New Year, let's not dwell on the negative. Let's turn these negatives into positives - call them "everyday leadership" for 2007 if you will - and make them guidelines for your success. Execution. This is what it's all about, getting things done. You must ensure that you're not only getting things done right, but also doing the right things. The best way to make this happen is to have a plan. A good business plan consists of both a written document that clearly identifies top priorities and spells out the few vital goals and objectives the business must accomplish and a process that enables you to objectively determine the ever-changing status of the business. So if your plan is in your head, write it down. If it's scribbled on a legal pad, organize it. If it's crystal clear to you, make it crystal clear to everyone else (your key constituents), and engage them in its execution. Decisiveness. With all the "noise" you must endure to get things done, progress and growth can be frustrating. Inertia will destroy a business in its tracks more so than a risky strategy, and you must say either "Yes" or "No" to get and keep things going. Perfection is not the objective, achieving results is. As you begin 2007, take a closer look at those strategic, operational, financial and people issues that may be bothering you now, then gather the facts, complete your assessment, trust your gut and make the decision. Hoping for things to improve won’t make them better; taking action will. Delivering on Commitments. The really important stuff in running a business concerns people. That includes your customers as well as your suppliers, partners, employees, business advisors, etc. You expect them to help you make your business successful, and you must make them accountable, but do you know what their expectations are of you? If you don't, ask them. If you do, do you agree with them and are you meeting them? Are you following through on the promises you make? DWYSYWD, or "doing what you say you will do," is the top characteristic of successful leadership, as defined by followers. Delivering on your commitments makes your customers want to do business with you and associates want to work with you. Make 2007 a winning year for your business, customers and associates by developing win-win relationships and fulfilling your commitments. Accepting Reality. As a business leader, you are optimistic by nature. Considering business failure statistics, that's a good trait. However, whether the glass is half full or half empty really doesn't matter much. What does matter is that you understand the condition of the glass and what needs to be fixed, built or changed to alter that condition. Without luck, only objectivity can propel a business to greater success. So to become an obsessive realist in 2007, here's what you need to do: • read and listen to signs in your business to really hear what results are telling you, • distinguish facts from opinions to ensure you have the right information for decision-making, • differentiate symptoms and causes to clarify what really needs to be addressed, and, maybe most importantly, • wear those rose colored glasses only for driving. Everyday leadership isn't easy. You need to be on top of your game and fully engaged in the business for these activities to work for you. However, it is simple; you don't need an instruction book. Why not start today? </div> <p align=center>Article source: <a href="http://www.ArticlePros.com/business/success-in-business/article-67300.html">ArticlePros.com</a></p> <table align=center width=550 cellspacing=1 bgcolor=silver cellpadding=5> <tr bgcolor=antiquewhite> <td> <p align=center><b>About the author</b></p> <p align=justify><br /> At Value Connection, our mission is to enable business chiefs to create and execute a meaningful value proposition for business and personal growth. <br /> The partners, Mark Akerley and Rand Golletz, each have more than twenty years experience leading businesses, from the inside and outside, to achieve outstanding results.<br /> Their resumes include the titles of CEO, Chief Marketing Officer (Fortune 100 company) and consultant to the senior executives and boards of many companies in a variety of industries.<br /> Value Connection maintains offices in Chicago, Illinois (lead by Mark Akerley) and Washington, D.C. (lead by Rand Golletz). For more information, please visit http://www.value-connection.com<br /> or e-mail us at rand@value-connection.com or mark@value-connection.com. To subscribe to our free monthly newsletter, The Brutal Truth, visit: http://www.value-connection.com/newsletters.php.<br /> <br /> <br /> </p> <p align=left><a href="http://www.value-connection.com" target="_blank" title="will open in new window" class=blue>http://www.value-connection.com</a></p> <p align=center><input type=button class=asubm value="Other articles by Value Connection" onclick="document.location='http://www.ArticlePros.com/author.php?Value Connection'" style="height:20px;cursor:hand"></p> </td> </tr> </table>