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Practical advice from a lifetime of leadership. Ian Smith. Criteria for a Successful Business. Clear vision and sound strategy Outstanding leaders Employee engagement Proactive not reactive Versatile and can handle constant change. Creativity is encouraged
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Criteria for a Successful Business • Clear vision and sound strategy • Outstanding leaders • Employee engagement • Proactive not reactive • Versatile and can handle constant change • Creativity is encouraged • A culture of quality in everything • Leaders are on top of things and are current • No stovepipe mentality • Everyone has access to information & data
Clear vision and sound strategy • Strategy is tied to core competency • Everybody understand direction • Strategy linked to what gets done • Benefits are being realized!
Outstanding Leaders • They inspire • They motivate • They stretch • They are seen to know what they’re doing • Change agents
Employee Engagement • They’re empowered to do amazing things • They’re always looking for better ways to do things • They’re good at solving problems • They like to come to work • They don’t need to be bribed
Proactive not Reactive • Issues are anticipated • Risk is managed • The business quickly solves problems • They make sound, rapid decisions • The right decision is better than the wrong decision is better than no decision
Versatile and can handle Constant Change • Structure that can respond to major market change • The organization is flexible and adaptable • Agile because of processes, procedures and standards rather than in spite of them • Early adopters are encouraged and rewarded
Creativity is Encouraged • Seek out their creative thinkers • Hire innovators and intrapreneurs • Better ideas than the competition • Mistakes as a learning process
A Culture of Quality in Everything • Continuous improvement is the norm • Customers, partners, suppliers and employees are involved in solution discovery • “A customer is the person that receives the output of your work” • Performance metrics support right behaviours • Standard quality process across whole business
Leaders are on Top of Things and Current • The business thrives in its industry • Chosen market share is achieved • Leaders really understand their market • Stay on top of industry trends and changes • “The seeds of failure are in success”
No Stovepipe Mentality • Functions provide deep expertise to support and deliver team objectives • Team goals before functional or personal goals • “Whoever takes the call owns the response”
Everyone has Access to Information & Data • Enable best decisions at all levels of the business • Solution at first point of contact • Enhance the customer experience • Any device, any place, any time
The 7 Habits of Very Effective PeopleStephen R. Covey “You can buy a man’s hands, but not his heart” “You can buy a man’s back, but not his mind”
Corporate Assessment Questionnaire How do you rate your business overall against the criteria described in the presentation?
What if? • Criteria for Successful Business • Is your assessment less than 8-10? • What would improve if you reached 8-10? • What needs to be done to get there? • What results would you want to achieve? • When will you start and when will you get there?
Practical advice from a lifetime of leadership Ian.smith@andersonbick.com