This is a battle for the soul of the brand. Talk about the brand, how to grow its value, how to protect it.â Then he [Scott] added, âYouâre going to need some strategic priorities.â Iâd given this considerable thought, and I immediately started ticking off a list. I was five or six in when he shook his head and said, âStop talking. Once you have that many of them, theyâre no longer priorities.â Priorities are the few things that youâre going to spend a lot of time and a lot of capital on. Not only do you undermine their significance by having too many, but nobody is going to remember them all.
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When you value something deeply, donât shy away from talking about it. Instead, embrace telling people why itâs important to you. Assume that for the message to stick, it should be heard ten different times and said in ten different ways. The more you can enlist others to help spread your message, the more likely it is to have an impact.
A companyâs culture is shaped by a lot of things, but this is one of the most importantâyou have to convey your priorities clearly and repeatedly. In my experience, itâs what separates great managers from the rest. If leaders donât articulate their priorities clearly, then the people around them donât know what their own priorities should be. Time and energy and capital get wasted. People in your organization suffer unnecessary anxiety because they donât know what they should be focused on. Inefficiency sets in, frustration builds up, morale sinks.
The decision to disrupt businesses that are fundamentally working but whose future is in questionâintentionally taking on short-term losses in the hope of generating long-term growthârequires no small amount of courage. Routines and priorities get disrupted, jobs change, responsibility is reallocated. People can easily become unsettled as their traditional way of doing business begins to erode and a new model emerges. Itâs a lot to manage, from a personnel perspective, and the need to be present for your peopleâwhich is a vital leadership quality under any circumstancesâis heightened even more. Itâs easy for leaders to send a signal that their schedules are too full, their time too valuable, to be dealing with individual problems and concerns. But being present for your peopleâand making sure they know that youâre available to themâis so important for the morale and effectiveness of a company.
Two, take the time to listen before you do anything else. You will set the tone; it will be very difficult to reset it. If you start off by imposing your views on people, youâre not going to have what you most need when you most need it - namely, the commitment of the people you need to get the work done. Even if youâre right and you end up in exactly the same place as you thought you were going to end up, the experience of stopping and doing nothing but being a very good listener for as long as you can stand it is the most important thing to do. The whole act of talking to the top people is the first step towards gaining their commitment and understanding, which you must have if you donât get it the first time. Until you get a consensus, that everyone agrees on - these are our priorities, and hereâs whoâs going to work on them, and hereâs how our midcourse correction is going to be if weâre not right, and here are the things we canât put off - take as long as you can stand to get that front end clear, committed, understood, communicated, massaged, and changed.â - Henry Schacht
An identity crisis knocks a companyâs compass off kilter. It clouds its peopleâs ability to make clear decisions, to choose which route to take, and to allocate the proper resources. How can you hire the right people if you donât know what youâre hiring them to do? How do you know which projects and products to support if you donât know how they will ultimately fit into the whole?
Almost every leader will say that their lodestar is defining their business focus, which comes down to what you can do to build long-term value. âIf anything, what the last few years have taught us is that building long-term value is critical for any company,â says Dave Peterschmidt. âIf the company is going to be in there for the long haul, it has to understand the core value it brings to the market and the reason for its existence in a crowded marketplace. Then you can do an assessment to get the company tracking toward long-term values.â
Think of that assessment as conducting a reality check of the operating environment. If you want to get the company tracking toward long-term value, consider what conditions pertain that will help or hinder you. The answers will shape your short-term agenda.