The opportunity to discuss the nature of preparation and the importance it played in the recent Super Bowl preceded the plan to provide you with the remaining tools for People resources from Rockefeller Habits 4 Decisions. We’ll provide the remainder of these People tools in next Monday’s blog.
Strategic Discipline Blog
If you’ve been to the gas station recently you’ve noticed the plunge in gas prices. It’s a trend in recent months and it illustrates and important strategy and planning benchmark that your business should be doing on an annual basis, and possibly more frequently depending how fasting you are growing compared to your industry.
Have you considered whether or not your business needs a business coach? Do you have the right structure for Annual and Quarterly Planning? What elements of Strategy or Execution can your business do better to achieve increased results?
Considering that you’re the leader of your business it naturally makes sense that you should plan and command the leadership role in your annual planning and strategy session.
Question: Why do most businesses fail?
92% of CEO’s feel their leadership team can communicate their strategy! The same survey revealed that only 2% of their leadership team actually could!
What’s the number one function of a leader? It’s the ability to predict.
“The fundamental journey of a growing business is to create a predictable engine for generating wealth as it creates products and services that satisfy customer needs and creates an environment that attracts tip talent.” Verne Harnish, Mastering the Rockefeller Habits
Unless a company has the ability to determine where it is today and project where its’ going to be this week, this month, this quarter, and this year, it’s not on a trajectory for growth. It might not even be on track for survival. A favorite quote of mine is, "When you’re green you grow, when you’re rip you rot!"
Ultimately the reason for imposing structure and instituting systems is to achieve predictability.
This is why Strategic Discipline is such a critical piece to success.
Determine your priorities. Create and monitor metrics. Develop Meeting Rhythms to build a Cadence of Accountability.
There are a lot of reasons to not like meetings. This is certainly the case if they are ill defined, lack structure, and are devoid of purpose.
Consider the situation facing George Washington, as supreme military commander of our nation’s revolutionary troops just prior to Christmas 1876.