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The Recipe For Mediocre

I hope you had a great  Thanksgiving!

With the New Year coming up, I bet you’re starting to think about new goals for your business. I would also bet that your goal is not to be mediocre in 2011.

I’ve just made a short video that will change your perpective on what makes us great vs. mediocre.
In this video, you’ll learn:
  • What most of us spend 80% of our time doing and how it keeps us from being great.
  • The real meaning of “well rounded”
  • How to create an extraordinary team
Be sure to watch the video right now. Just click here or on the image below). It’ll only take you about 2 minutes and it will dramatically improve your business and your life.

After you watch the video, be sure to check out the tools (team coaching, individual coaching and products) I have available to help you take the next step.

Break through and make it happen!

Mike
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The Golden Rule Doesn’t Work!

Do you adhere to the adage that all employees should be treated equally? If so, your team will never achieve their true potential, and never be truly happy in their work.
 
I’ve just made a short video that will change your perpective on your long held beliefs about the Golden Rule.
In this video, you’ll learn  
  • Why the Golden Rule doesn’t work
  • What you need to know to motivate your yourself and your team
  • The principle of “acceptance” and the platinum rule
 
Be sure to watch the video right now. Just click here or on the image below). It’ll only take you about 2 minutes and it will dramatically improve your business and your life.
 
After you watch the video, be sure to check out the tools (coaching and products) I have available to help you take the next step.
 
Break through and make it happen!
 
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Creating a Culture That Drives Personal Innovation

This blog post was written by Tammy Kohl of Resource Associates Corporation

Improvement is evolutionary where innovation is revolutionary. “Innovation is about creating breakaway differentiation, it’s about creating superior economic returns and it’s about creating what author Geoffrey Moore describes, as ‘an outcome competitors are either unable or unwilling to match’.” (Peter Lefler founder of The Spruance Group)

In order for a company to achieve innovative ideas the company needs to foster a culture of personal innovation. Every employee, team member, or contributor within your organization can enable innovation. They are living every process, talking with every customer, working on every production line, so they know very clearly what works well and what does not work. And, if asked they can tell the organization how it can be done better! The question becomes what process does your management team have in place to ask your employees what they believe the organization can do better?

Innovative opportunities are constantly squelched by poor organizational goal definition, poor alignment of actions to goals, poor participation in teams, poor monitoring of results, and poor communication as well as access to information. Help your people be part of the solution and contribute to a higher level of organizational success.

In a recent project with an insurance company, a cross functional team was brought together to evaluate, rework and present a low cost, no cost solution to shorten their policy approval process which was currently 13 days. They knew the industry average was 12 days. The team worked together for five days. By Friday afternoon the team was presenting to management a no-cost, reworked process taking the existing process of 13 days down to three days. Once the team was given the objectives they went to work and as a team saved the organization 10 days and a significant amount of money. They did not just present improvement … they innovated the process.

Allowing your employees to contribute means they are participating and taking responsibility for accomplishing goals. It’s important for each team member to have a clear understanding of his/her part in helping the team accomplish its goals. Utilizing employees with different strengths creates high performing and innovative teams. The key to employee contribution and innovation is in creating a culture in which people are encouraged to challenge, question, and try new things.

Creating an innovative culture is not a switch that can be flipped overnight. There may be resistance at first because changing a culture is never easy. However, in this case the change and the results are worth it. Communicate the organization’s goal and objectives and communicate the details of those goals frequently. Put a process in place that offers a safe way for employees to share ideas for improvement and innovation and always provide feedback. Establish cross-functional teams to evaluate important business processes and listen intently to what they have to say. If management stays committed to the cultural change, you will see the insecurity and resistance dissipate fostering some of the best innovate and revolutionary ideas your company may ever have seen.

Tammy A.S. Kohl is President of Resource Associates Corporation. For over 30 years, RAC has specialized in helping businesses achieve sustainable results through management consulting, strategic planning, leadership development, executive coaching and youth leadership. For information on creating a leadership succession plan visit www.resourceassociatescorp.com or contact RAC directly at 800.799.6227.

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Leading More By Doing Less

An executive recently lamented that she and her company had far too many projects going on. All of them were important, she said, but insufficient progress was being made on most. In fact, she described her company as being “very good at getting things 80% done!” “Why can’t we ever complete anything?” she asked me.

 This isn’t the first time that I have heard a business owner or leader talk about this struggle. Often the situation gets oversimplified as “too much to do and not enough time or people to do it”, which seems like an impossible problem to address…so many times it is merely ignored. Frequently, however, this problem is the result of a less obvious issue: a lack of focus by the company’s leaders.

 The Power of Focus

A wise person once said that if you chase two rabbits, both will escape. The same holds true in business as many companies have too many items on their To Do list. This lack of prioritization and focus leads to poor results. According to a Pricewaterhouse Coopers survey of 200 companies in 30 countries, only 2.5% of these companies had 100% of their projects come in on time, within budget, to scope, and delivering the right business benefits. This study demonstrates that 97.5% of the time we get it wrong in some way… and prioritizing can help. Just as focus and concentration allow your mind to function more effectively, prioritization allows businesses to achieve greater results.

“Doing Less”

Prioritizing can seem especially difficult when all projects seem important. But this is precisely when it can yield the best results. An oft-missing element in prioritizing is a process in which employees have confidence; one by which initiatives can be compared to determine their relative importance to the business. A fairly simple process is plot each initiative on the following 4-quadrant chart:

  • Initiatives landing in the upper left (high benefit, low cost) are “winners”…do it now.
  • Initiatives landing in the lower right (low benefit, high cost) are “losers”…dump it
  • Initiatives landing in the upper right (high benefit, high cost) need require a return on investment (ROI) analysis to determine if and when to move forward
  • Initiatives landing in the lower left (low benefit, low cost) are prioritized based on “gut feel”

 

Leading More

To get the best results from prioritizing, strong leadership is required to ensure that:

  • All projects are included in the evaluation and that there are no “sacred cows.”
  • Personalities, politics and quests for power are not allowed to influence the process.
  • The negative effects of existing paradigms and “business as usual” are minimized.
  • Employees are inspired to participate, buy in to the importance of this work, and trust the process to provide valid outcomes.
  • The outcomes are followed through on and resources are properly allocated to the “critical few” most important projects.
  • Prioritization is not viewed as a “one and done” activity. It needs to be part of the business’ standard operating process and performed on a regular basis.

Difficult challenges and decisions will be faced during this process, especially if focus and prioritizing are not core competencies. Elbert Hubbard said that “It does not take much strength to do things, but it requires a great deal of strength to decide what to do.” One way that leaders can help achieve greater results is by having and instilling the discipline to focus on a few, critical projects instead of trying to do everything all at once.

What prioritization struggles are you having? How have you tried to resolve them?

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It Starts With An Attitude

Ever wonder why it seems like th rich get richer and the poor get poorer? It all starts with an attitude.

Scenario One – The Rich Get Richer:

Step 1 – Attitude: Susan has a goal of achieving great things in her business and believes her potential is limitless. Her attitude practically shouts “I believe in myself and I believe in my business!”.

Step 2 Action: Because of Susan’s belief and attitude, she takes massive action. She is an unstoppable machine.

Step3 – Results: Susan’s massive action leads to incredible results.

Step 4 – Attitude – Susan’s incredible results feed her beliefs and make her attitude even stronger.

This stronger attitude drives even more massive action, greater results and the cycle goes on…up and up and up.

Scenario One – The Poor Get Poorer:

Step 1 – Attitude: John has a goal of achieving great things in his business but is pessimistic about his potential in this economy. He sees other around him struggling. Why should he be any different?

Step 2 Action: Because of John’s beliefs and attitudes, he takes little action. He’d rather wait and see when the economy will turn around.

Step3 – Results: Because of John’s lack of action, he sees little results.

Step 4 – Attitude – John’s poor results feed his beliefs and make his attitude even more negative.

This attitude drives even less action, poorer results and the cycle goes on…down and down and down.

What are you doing to feed your attitude today?

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Have a Good Fight!

Does your team get along great?
Do you always seem to agree with each other?
Do you have trouble remembering your last major team conflict?

This may seem strange, but if you answered yes to these questions…you’ve got problems. A team needs conflict to evolve.

Think of it as Darwin’s theory of evolution for business. If good ideas don’t crush bad ideas, and great ideas don’t crush good ideas, a business (and its employees) will grow stagnant and die.


Why do some teams have no conflict?

  • Lack of direction – If a team has no clarity around their identity and direction, productive conflict is difficult. As the saying goes…”If you don’t know where you’re going, any road will take you there”.
  • Lack of talent – Meaningful challenges will rarely occur if you’re consistently the smartest person in the room. Successful teams need a complimentary assortment of strengths.
  • Lack of trust – Challenges will be silenced unless your culture is one of trust and openness. Team members will be resistant to speaking up if they’re afraid of hurting each other’s feelings or jeopardizing their job.  

So go ahead, have a good fight and evolve!

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Passion!

My name is Mike Goldman. I’m an executive coach and my purpose in life is to change the world by helping people discover and live their passion.

The purpose of this blog is to help me achieve that purpose by communicating breakthrough ideas and tips to make that happen.

Imagine what your life would look like if you lived your passion everyday. Imagine how it would feel to wake up in the morning and say “I can’t wait to go to work today!”. Wouldn’t it be great if work felt like a hobby.

If you’re a business owner, imagine the impact of your employees feeling that way. What would that do to your company’s performance? What would it do for morale? What would it do for your competitive advantage?

I hope you’ll join me by reading this blog and sharing your ideas. I look forward to our conversation.