Category Archives: Leadership

Whadayamean an Annual Plan . . . Really? Nine Guidelines

Situation: The CEO has developed an annual plan and wants ideas on the best way to communicate the plan to staff, secure buy-in and create accountability for execution.

Advice from the CEOs:

  • Communicate your vision for the company and the future as a broad outline so that employees know how they can contribute. Create a picture so that they can see and support your vision.
    • Ask for input on how to implement the plan. Since they will be doing the work, the best way to generate buy-in and accountability is for them to own the implementation plan.
    • You don’t have to share all details of the plan with everyone. If you communicate the plan in parts to those who will implement them, tailor the message to the person, and create individual objectives that will support the overall plan. Connect achievement of objectives to job evaluations.
    • Limit the number of objectives for each person – three key objectives plus one personal development objective. Have each employee develop activities to support achievement of their objectives.
  • Once objectives are in place, conduct regular meetings to review progress against plan and objectives, identify performance obstacles and solutions, and to reinforce the overall vision.
    • The vision must be simple and direct. Consistently repeat and reinforce the message. Publicly recognize individual contributions that support the vision.
    • Establish metrics to track progress toward the vision.
    • Stay on message with each person – focus on their goals and contributions.
    • Be consistent in your words and actions and use them to reinforce the vision.

Key Words: Business Plan, Annual Plan, Vision, Message, Buy-in, Accountability, Performance Objectives, Metrics  [like]

I’m Up all Night Worrying that Things are “Too Good.” Three Considerations

Situation: Business has turned around in the last six months and I’m so focused on sales that I don’t have time to plan. How and when do you plan for growth?

Advice from the CEOs:

  • Think about the business cycle – the upswing, the peak and the downturn:
    • On the upswing there is a tendency to be so focused on the day to day that you spend no time testing the business environment or on the long-term planning activities that are critical to sustained growth and success.
    • If the CEO doesn’t take time during the upswing to evaluate new opportunities it’s easy to fall into the trap where planning occurs until after the cycle has peaked.
    • After the business cycle has peaked, it is too late to take advantage of opportunities that were available during the upswing.
    • Once the business cycle is in a downturn attention shifts to preservation and survival. The opportunity to reallocate resources to build alternative future scenarios has been lost.
  • If you feel pressure to bring on additional resources, set a timeframe to evaluate the situation – say a few weeks or a month – and see if the pressure is sustained. If it is, have a plan in place to secure those resources. Do this with a clear head – not on impulse. Exercise discipline.
  • Remember that leadership is your job – not being immersed in the day to day. A leader keeps others immersed in and focused on the day to day.

Key Words: Leadership, Business Cycle, Planning, Adding Personnel  [like]