Sunday, January 30, 2011

THE Performance Dimensions

This blog is for any of us who work for a company or who own a company. (Those set-for-life/not interested in ever working again folks can go back to sleep...)

The key part of improving you/your business is knowing what to look for to determine what direction you're moving. Here's the good news: Your checklist has arrived!

What do you get when you cross-reference the most admired organizations with the most successful companies (Fortune 500), then survey executives, board members and analysts from the 24 industries represented? You get an amazing insider's view of what dimensions to focus on when planning or measuring your improvement process.

Here are the 9 dimensions:
  • Innovation (How creative are you in breaking new ground - both internally and externally?)
  • Quality of management (leadership throughout your operation)
  • Quality of products & services (what impacts your ultimate customer experience)
  • Long-term investment values (Are you connected/committed to the long haul?)
  • Social responsibility to community and environment (Making a difference beyond your bottom line creates meaningful purpose)
  • Ability to attract, develop, and retain top talent (The best talent exists - the goal is to create an environment that they passionately want to join)
  • Financial soundness (Are you healthy/balanced in access to liquid funds?)
  • Use of corporate assets (Are you responsible with how you use your resources?)
  • Effective in doing business globally (How connected are you to people beyond your borders?)
Use this list to stimulate discussion with YOUR work team. Think about -and take ACTION on -your business differently: adopting a better strategic approach will lead to the kind of proven success the best world-class businesses enjoy.

YOU deserve the best results for your best efforts. Time to step up, step out, and break through.

Think about it. But more importantly, do something about it...today!

Tuesday, January 18, 2011

Guaranteed Breakthrough

Ever notice that sometimes, even in the midst of a long-term improvement effort, you hit a phase where things seem to stall? Sometimes we get so caught up in achieving a specified goal that we miss the real opportunity - AND the meaningful breakthrough. Consider this catalyst to shake things up:

Rather than continuing to fixate on your pre-determined, measurable outcome - take some time revisit why you are making the effort and then (perhaps) shift to different options that will make it better.

The key here is (re?)discovering what your CUSTOMERS think is "different" & "better".

  • Different: What is your competition doing? What are they not doing? Is your brand (personality of your company) distinctive? Is the customer experience unlike anything else in your industry?
  • Better: What does your customer value in regard to your industry's product/service? Speed? Dependability? Quality? Why does your product/service even exist? Improve in that area, and you will gain a competitive edge.

Too often, organizations get so caught up in delivering action items and tactical plans, that they fail to stay engaged with the more relevant perspective.

Bottom line - becoming different & better, as defined by your customers, will always be an improvement (always!), and will draw the attention you need to eventually move your business (and you!) to the top.

Think about it. But more importantly, do something about it...today!

Saturday, January 8, 2011

Where Do You Go Right?

After a life stumble, we often hear someone say "Where did I go wrong?" Good to do. Obviously, making mistakes is not the preferred outcome - but it happens. Repeating a mistake, however, is a completely unnecessary waste. If we are paying attention and care enough to make the effort, we can learn from every mistake we - or others - make...and forgo that avoidable wrong.

Another question - rarely asked - is equally important: "Where did I go right?" Examining successful decisions (ours or others) actually help us repeat success.

Consider this: In every success story, there is a moment when things shifted for the better. The successful person did something differently to start down a different road leading to a better result. Here's the bottom line - and it is pretty simple:
  • If the path you are currently on is not leading to the ultimate goal you want, then you must change what you are doing to achieve what you desire. You may not know exactly what to change, but you DO know that life as usual is not it, so your "do nothing/the same" option is NOT the right one. (If you don't know what you want, then THAT just became your new task.)
  • The longer you stay on your existing path, the longer you are moving in the wrong direction. (The whole "where did I go wrong?" thing - yes, you just answered that question. You're choosing it every day you stay on your current path.)
  • You must take action to see the results. Planning is nice, but it doesn't count as an action step in regards to actually improving. Yes, taking action risks failure (that is why most do NOT take sufficient action), but by definition, the path you're on is failing you already.

The real question then, is not "Should I do something differently?", but "What should I do? (experiment with whatever needs improving until you start seeing results) and "When should I do it?" (Now. It's the first step that keeps most people from optimizing their results. Once you've taken that first step, the second becomes easier, and the third easier still - until you break through to become part of the successful group that began doing things right.)

You have the choice to make NOW the answer to the question: "When did I go right?" All it takes is that first step. Are you choosing to take it, or continue settling for less in your life?

Think about it. But more importantly, do something about it...today!

Wednesday, December 29, 2010

Let It Go!

As we rush/stagger/grind/step towards the end of the year, many of us reflect on what was and what may be. While I encourage this (not just once a year, but every quarter/month/week - as best you can), it seems that "resolutions" - regardless of when they occur, rarely last. On average, only 15% of those who make New Year's resolutions keep them for at least 30 days. What a shame!

Part of the problem most have with adopting new behaviors is that they are still embedded in the rut of old habits (muscle memory and/or mental hang-ups.) Here's the key that all successful professionals know: Before you can successfully follow a new path, you have to stop walking the old, less-effective path. In other words: what keeps us from adopting effective new habits is INeffective old habits.

Japanese culture has some interesting rituals for the transition between one year and the next. For example, many hold "ending of the year parties" (called "bounenkai" - or "forget the year"), where they ceremoniously cut ties with anything holding them back from growing/improving for the upcoming year. Another tradition is called "osoji", where everyone deep cleans their homes, offices, and schools to literally begin the new year with a "clean slate". While I don't follow these practices, I do appreciate the acknowledging of how we must create closure for one chapter before we can successfully begin a new chapter.

So, as you begin making plans for your next chapter, please consider what you need to STOP doing - or let go of - BEFOREHAND. Once you've confronted that detrimental anchor, then and only then will you be free to sail forward towards whatever exciting new adventure you have in your heart.

One final word of encouragement: If you're not living the life of your dreams, then why not? When are you planning to live your unique purpose? No matter where you are today, the very best time to begin is NOW. Don't wait another day. No more settling. Take the first few steps and you will begin to see an amazing shift in momentum toward the lifestyle you've always wanted.

You will never regret it, I promise. I can guarantee you the inevitable: you'll regret not starting sooner if you wait.

Think about it. But more importantly, do something about it...today!

Monday, December 20, 2010

The Alternative To Change

If you don't like change, I understand. But you're going to like mediocrity a WHOLE lot less.

The real problem with change is, despite what many claim, it is NOT always good. In the real world, we've all been burned by change at one time. So, what's the alternative? Don't focus on change - focus on improvement!

Here's the TRUTH about legitimate improvement in your life:

1. The definition of "improved" is determined by YOU.
2. Improvement, by definition, must be different...but different in YOUR direction!

Bottom line: All improvement requires change, but not all change is an improvement.

Are you clear about what you want that is different/better? If not, invest some time to figure that out. (Today would be good.)

Are you willing to take action and DO what is required to create that improvement? If not, then prepare yourself for a life of pain and disappointment. Regardless of what all those foolish Secret/Name It, Claim It fad philosophies claim, it doesn't happen by magic...and no one will do it for you. (The good news? The effort is worth it. Really!)

Here's an interesting factoid to consider: Have you noticed that only about 5% of people who make New Year's resolutions see them come to fruition? What percentage of people do you consider to be truly successful in life? About 5%? Do you think there's a connection? I believe in both cases, it's simply because the successful people are clear about what they want/what direction to move in order to improve, AND they invest the required effort to achieve their goals. That's not always fun or sexy, but it works at Disney and other world-class companies, consistently. (Yes, ANYone can be successful!)

Are you setting the stage for an improved new year? If not, why not?

How will 2011 be different/better than 2010 for you? What will YOU do differently/better to actually make your goals a reality this time? (Hint: The best time to start is NOW!)

Think about it. But more importantly, do something about it...today!

Sunday, December 12, 2010

Facebook Versus Face Time

A key to both business and personal success is how well we can really connect with others. What works best to really connect with someone: Meeting in person? Calling them? Talking to them? Talking with them? Mailing them? Emailing them? Texting data/information? Sharing opinions? Sharing feelings? Sharing secrets?? The options continue to grow!

Obviously, the start of the answer is appropriately connecting using whatever resources are available. At Disney, we asked WHY we wanted to connect to determine the best option. Best long-term solution? Quality rather than quantity. And no, they are not mutually exclusive - you can have both!

Today, much is being discussed about the varying forms of social media: Facebook, Twitter, blogs, etc. There's nothing wrong with those tools as long as they are each considered as only a part of your efforts to truly connect.

Oftentimes, we get caught up in being so focused on a task that we forget that how the task is done is just as (many say even more) important. Appropriately including your personality in the sharing of information is what makes all the difference. After all, if there's no "you" in the interaction, then they could've gotten the information from some inanimate computer or something. "You" are not required. If that isn't unsettling, it should be.

Think about any recent interaction you've had. Here's a simple test: After the interaction, did the person know more about you, understand more clearly how you are aligned, or like you/respect you more than when they started the interaction? If not, it was probably not engaging. "You" added no special value. Your role could have been automated...and will be - unless you do something about it.

Want to improve? Here's a challenge for you: Think about the people you want to really connect with. What access methods (face-to-face, phone, email, text, social media, etc.) do they value? [Tip: Use those methods] The next time you have the opportunity, purposefully ask questions about potential ways your interests overlap. Discuss common opinions and feelings about issues that are relevant. Focus on how you interact and make sure it engages the other person.

Then watch how your connection dramatically improves.

Then watch how your business improves!

Think about it. But more importantly do something about it...today!

Friday, December 3, 2010

Cutting Through The Fog Of The Unknown

Coming to the end of one year and the beginning of another brings to mind "the future". Most of us do some sort of business forecasting (even if it is informal) to determine how we want to position ourselves to be as successful as possible in the coming year.

Forecasting your future is complicated by the many unknowns - after all, the future hasn't happened yet. However, being brutally honest about your current reality can serve as a good launching point for the near-term future. Here are a few "behind-the-scenes" questions we explored at Disney that you may want to consider:
  • What's really happening in the world? What trends/needs are becoming obvious and likely to be long versus short term?
  • What different/better offerings are missing that your target market values?
  • What are your (potential?) capabilities that could service/take advantage of those trends?
  • Do you have the team and knowledge in place that can service those developing trends/needs?
  • Do you have or can you find the resources to service those developing trends/needs?
  • Are you willing to make the effort to position yourself and execute the actions required?
Connect these dots and you will begin to clear the fog (and thus the fear) of the unknown. Rather than only doing this once a year, consider doing this every 3 months - or even more often, if your work dynamics call for it. The more you attend to the reality of your situation, the easier it is to influence it.

Having the discipline to make time beforehand to strategically explore these issues and then the assertive drive to execute your plan will determine your results. Don't wait until New Years to make the traditional "resolutions". The only way to get a jump on your competition is to start before they do.

Think about it. But more importantly, do something about it...today!