By Matthew Levy
As the economy gears up for another great year, managing growth is the game most businesses are playing. If your company is going to excel at managing better and more predictable results, it must excel at managing execution.
Typical Performance Management is Inadequate
Typical employee performance management is inadequate even if it includes some formal goal setting and annual performance reviews. The problem is that these rarely inspire true commitment to goals that Read more [...]
by Matthew Levy
Conflict among family members at home, at work, or in the board room can wreak havoc on individuals, family relationships and the stability of the family business. Managing decision making productively and preventing significant conflicts should be a primary objective for anyone in a family business.
For the Family in Business there are three main causes of conflict:
Lack of alignment as it relates to shared values, common vision, and policies
The challenges of Read more [...]
People break promises and companies are bad at execution management, accountability and getting predictable results.
The following are six barriers that are holding back your company. Putting in place an effective system for managing execution will allow your company to overcome these hurdles.
Six Hurdles to Effective Execution Management:
#1 People often don’t keep their promises
Keeping promises are the bedrock, heart and soul, glue, and foundation of successful Read more [...]
Most management teams fail to take advantage of the most strategic conversation available to them at year end -- the one that unveils the hidden gems of learning that can have a profound impact both on next year’s strategy and on operational plans.
What is the crucial conversation you ask?
It’s the year-end review of the success and failures of the past year. Having this discussion with the entire executive team present and doing it in a thorough way ensures that the gems of Read more [...]
by Matthew Levy
A dysfunctional executive team dynamic will create a weaker strategy and a budget executives don’t really believe in or commit to. A strongly aligned and effective executive team will develop a more innovative strategy and a better budget.
So, one of the most important and timely decisions a CEO must make now is whether or not to address executive team dynamics as part of planning for next year.
As we enter the tail en of the year, executives are balancing Read more [...]
by Matthew Levy
Inc. magazine’s September 2013 issue features the 32nd annual list of the Inc. 5000 – a collection representing some of the finest companies in the country. There’s no one industry they hail from, no single geography, and are spread across B2B and B2C – from business services to financial services to consumer products to healthcare to energy and more. Their revenues range from 2 million to over 10 billion dollars. What do they have in common?
Performance – 3 year Read more [...]
"I need my people to be honest with me ─ tell me what I need to hear ─ and push themselves to get the results without me having to push them."
─ a frustrated CEO and client
Even the best performers are sometimes afraid to push it -- and if they don't, they can't do their best work and results suffer.
The Real-Life Situation:
Let's call him Mark, the VP of Supply Chain at a client company. He was a very successful executive with a strong pedigree -- top of his Read more [...]
Executives frequently disagree with decisions that the executive team – or the CEO – have already made. Sometimes, we even disagree with how a decision was made. However, after a decision is made, we make a choice to act in accordance with the decision or to act and speak consistently with what we wish the decision was. While we don’t call it this enough, acting inconsistently with a decision that was made is – covertly or overtly and intentionally or unintentionally – an act of sabotage, Read more [...]
Don't miss your numbers this year. Now is the time to get the company back on track before it's too late. Call a time-out and get the executive team offsite to assess the company's progress to date, resolve all the issues, and make plans to insure success for the year. Here is how... Read more [...]
Miami, FL, December 5, 2007 -- John Thain, CEO of Merrill Lynch, has pledged to revamp the bank's culture in response to insufficient management team co-operation that he believes could have contributed to the $8bn mortgage write down according to the Financial Times on December 3, 2007.
"Thain's acknowledgement of culture and Management Dysfunction as a key contributor to poor business results is a courageous admission and other CEOs should be investigating it as well," said Matthew Levy, CEO Read more [...]
CEO success depends on the ability to fulfill the ultimate responsibility: leading the company boldly into the future and inspiring and guiding people to achieve specific results.
After years of consulting with and coaching executives from the likes of GE, Motorola, Chevron, BHP Billiton and also many much smaller companies, I'm sure that that transforming corporate results must be driven from the top -- and then supported throughout the company. CEOs that are able to align their executive team Read more [...]
Executives balance these three things simultaneously, at year-end:
Ensuring results for this year,
Planning strategy for next year, and
Creating a budget, hopefully, based on that strategy to which all executives commit.
Too often, strategy development gets rushed at year-end, lacks innovation, or it does not happen until after a budget is hacked out. Critical conversations are avoided as executives pretend that the elephant in the room is not there. Little if any focus Read more [...]
By Matthew Levy
The executives that I speak with want to get better results at work. Some people push too hard and are perceived as jerks or bossy overlords. Other people struggle to get results because they’re weak, don’t to ask for what they want, or don’t hold others accountable.
The Place to Start is Awareness:
The place to start is awareness. Awareness of our strategy and tactics is helpful. And, awareness about how we are perceived by others at work is valuable. Read more [...]