Tuesday, 29 January 2019

Company Culture: the 8c's of Cultural Competitveness in Business

Company Culture: The 8c's in Defining Business Culture 

Company culture has been the key driver of differentiation between companies.  A positive company culture defines the gaps between average performers and high performer companies within any sector of business.  Company culture demonstrates its true personality, is the environment in which employees exist.  Culture is what differentiates brands within every business sector.  

It is culture which employees buy-in, from first engagement through to life-time employment. Culture matters from cradle to grave in loyalty in employing people and in creating loyalty with customers.  Company culture is the only real differentiation between leading brands in maturing market sectors.   Company culture is not a single element but includes the entire working environment, established, maintained and driven by its leadership.

Yet despite the importance of culture within the workplace few leaders focus on identifying, creating, developing and sustaining the right culture within which great teams can succeed.      

Company culture defines an organisation,

Business Culture Differentiates You

Culture within the workplace is today the biggest differentiator between organizations. The whole working environment, creating and developing a successful company culture is today at the heart of leadership goals for companies who want to stand out within their sector. Behind the concept of cultural differentiation is the assumption that the culture is inexorably linked to behaviours within a brand that define the results the customer (and employee) will experience.       

What makes a company culture a success within a market is easier to see once it is in place, but hard to identify as standalone elements. Cultures within companies such as Facebook, Google and Apple are commonly referred to outstanding examples successful business cultures as popularised by Dan Pink in his outstanding book Drive.

Company culture is at its core a cohesive set of beliefs embodied within a set of living values.  These living values often phrased as the way we do things around here, have to be lived by everyone within the organisation.  That life comes from and is sustained at the top of the organisation, its leadership.   What they do matters, but only if they believe it matters. The leadership team must all do it together and consistently and measure themselves and be measured by others for it to live and thrive.  From remembering first names, to saying good morning, to what you wear and how you behave, culture matters most at the top.  

The key elements of culture are often a challenge for leaders to identify, develop and measure the effectiveness in delivering. I’ve put together a simple set of key elements, 8 in total which I think you can measure a company culture by. So here is how I think leaders can measure their company culture, and how to develop the culture they want to achieve.    

How to assess your Company Culture.

Company Cultural Competitiveness by Richard Gourlay

Looking at each element in turn here is what I think leaders need to think about in developing their company cultural competitiveness.  

Company Cultural Competitiveness  

The overall effect of culture on the performance of an organisation is the end result of measuring the cultural elements which make up a successful organisation. The overall impression of the culture within the organisation, what people see, feel and experience through to being able to measure the impact all the elements of culture, the cultural impact upon the overall competitiveness of the organisation within any market is the net result of a cultural position within a market. 

If you are of a certain age you'll remember the outstanding Seattle Fish company Fish video on what a cultural competitiveness looks like on a teamwork culture within a business. The impact of culture upon an organisation can be both dramatic and highly effective ways to compete within any field of business and that overall measure is made up of the 8 combined elements that make up the cultural competitiveness below.  

1. Competitive Position

Companies find and develop their place within a market sector, where they successfully compete. It takes careful strategic positioning of the brand to develop a coherent competitive position within a market. Successful brands make that position identifiable and defendable, and so they can sustain it for the long term.  

That ability to consistently defend a desirable position within a market is core part of a successful company’s culture. A competitive position within a market creates a style in how they own that space within that market is a vital element in making any brand a sustainable success.  How a business competes is a cultural approach from the top of an organisation. 

From product development, marketing and sales through to its relationship structure with its customers the approach it takes is defined and determined by the culture its leadership delivers. As a business matures it can develop a competitive position, through consistency within a market, which company’s can sustain as part of its cultural approach to how they defend their market position. 

2. Core Competency 

Where and why does your company excel at what it does without having to stretch itself? Businesses like people develop areas of expertise in which become good at through consistency and develop into a cultural competence in undertaking. These core competencies become areas, which organizations culturally outcompete others within the sector. Things that the organisation has learnt to do well.

Like an Olympic athlete, you see them perform at the top level, only because they have worked hard (with real raw talent as a start point) to get themselves there. The basics of what they do, the discipline to get up at 4am every day for years so that they can run heats and make the finals and still be able to excel is all because they have the core competency to get that far. The same is true in companies; great companies have their culture built upon core competencies, which they can rely upon to put them where they need to be to perform when they need to at the highest level. 

Core competencies, areas where organizations operate more efficiency and effectively than their competitors are central to their success. They provide an internal strength, a natural or developed competitive advantage within their market and an ability to excel in certain operations or activities. 

3. Company Capability

What can a company do, what is its capability to do something new, innovative or different? A company’s capability reflects not just how stretched an organization is in delivering its standard operations but more importantly upon its capability to do more than just survive. A company’s cultural capability is the ability for a company to invest in developing itself and its people for long-term success.  

Companies feel their capability in how they look at challenges and opportunities. Companies with a confident cultural approach, a positive attitude to situations, allows employees to take risks and learn form them. Employees feel comfortable suggesting ideas, trying things and in expressing their views in a hierarchy free environment.  Capability is about confidence which is developed through consistently delivering.  The impression that they can deliver, reach and achieve goals sustains that capability culture.

If a company feels capable it reduces and then removes traditional command and control mechanisms, replacing them with a freedom to operate culture. That culture develops its talent faster than its competitors and develops talent identification, acquisition, development and retention as a clear cultural strategy. 

4. Collaboration Culture

A culture of collaboration, working with channel partners, both upstream (supply chain) and downstream (strategic customers) is a cultural approach within a market. How companies collaborate, where, when and with whom, provides a competitive culture. It allows both small and larger companies to leverage their size within a market. Organisations with lower barriers, without the silo mentality approach can do more, quicker and more effectively.  

Using supply chains to develop innovative products, up-streaming product sourcing, or working with specialist outsourced manufacturing; working with people in ‘open collaboration systems’ creates a cultural competitive advantage. 

A competitive culture using collaboration multiplies the competitiveness of a company within its market.  Those companies that collaborate successfully outcompete their market competitors through both upstream early adopter acceleration and down stream channel control. A company which embraces a collaboration culture punches above its weight and allows everyone to contribute to its success. With lower barriers, and lower formality and hierarchy, the collaborative culture enables talent to shine by breaking down self-limiting control mechanisms    

5. Cultural Cohesion

Organizations which operate in silos, have cost effective units but sacrifice cohesion between the departments. The strength of silos is in internal department strength, but that cost effectives creates counteracting two factors.   

Firstly in how silo’s operate, differing departments develop at different paces, stretching organisations between strong and weak departments.  Where those differences are wide then an organisation can progress only as fast as its weakest element. As different departments develop and evolve the cohesion and cooperative way they work alters. If the gap grows between departments in how they operate then this negatively or positively impacts upon the cohesiveness of the whole organisation.  

Secondly interdepartmental work suffers; the ‘them and us’ culture creates poor morale and lower trust between departments. The lack of collaboration between department’s lowers productivity, implementation and innovation, it results in low internal cohesion. Companies where cohesion is high, allow people to move across departments, encourage joint project working and develop people’s talents and encourage synergies that produce a cohesive organisation.  Cohesion is a vital element of a cultural competitiveness. 

6. Corporate Culture

How the leadership pulls together is another important element in competitive culture development. How the leadership pulls together, around the clear strategy for the business in place requires full stakeholder engagement. This creates a coherent culture throughout the corporate body, enabling everyone to pull together around the living culture. 

Ensuring all shareholders and stakeholders are fully onboard, meeting agreed shared precise short and long term objectives, is an important element in competitive companies. When all parties are pulling together organisations can drive forward without having to carry alternative opinions and dissenting voices and activities. The less time the executive team must spend on ‘managing’ or directly fighting with other stakeholders' objectives the more time they can spend their time focusing on delivering their corporate strategy.      

7. Collectiveness 

The second challenge for leaders to assess within the corporate organisation is that of corporate collectiveness.  identifies is that with stakeholder engagement the leadership can leverage from its stakeholders. Stakeholders, rather than just being the shareholders and influencers can also directly contribute to its success. Bringing in new skills, contacts and support. 

The third element of corporate collectiveness is in sharing responsibility for the actions of the company.  Taking collective responsibility for customer satisfaction is the most common experience which leadership teams can measure within the culture of a company, how you can measure your cultural collectiveness.  

8. Communication

Probably the most apparent identificator of culture is how an organization conducts its communication.  Good communication inside, throughout and beyond is a sign of a positive culture within an organization.  The change from ‘knowledge is power’, the closed, controlling top-down, need-to-know to one of open multichannel dialogues is the most significant cultural shift within companies today. 

Poor cultures such these are typified by the as email everything all the time, and the endless meetings to endure, both reflect the ‘tell them what I need them to know’.   Poor communication cultures often include heavy formal reporting of every activity, numerous KPI’s and other activity measurements, creating a police like state within the organization. Companies with this type of culture rely upon formal multiplatform reporting from CRM, weekly reports, pipeline reports, and monthly plan updates.  

Those communication styles create controls and formality, reducing trust and creating distance between leadership and their teams. Micromanagement exists at every level and employees feel like they are in a sausage machine of productivity, often where the reporting takes longer than the activity.  Apart from the obvious demoralization of the workforce, it also reduces creativity and reflects in people’s attitudes at work that they must undertake their role in only one way. 

Today’s positive cultures include multilevel communication, open mentoring, positive feedback loops at all levels resulting in engagement throughout the organization.  Objectives at all levels are understood and discussed.  Emails are there to summaries actions and outcomes. The use of open team software tools allow, real-time monitoring and proactive support with project oversight reporting. Informal meetings and continual mentoring, including Agile working  practices all support improved communication. 

In companies with positive and engaging cultures, people feel empowered within their role and enjoy high-engaged awareness of wider issues within the whole business. Good communication breads holistic communication which encourages and motivates people to opening engage with the their organization rather than try to manage communication. 

Richard Gourlay, company culture

Like to talk about how to change culture, then get in touch: enquiries@cowdenconsulting.com.  

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Sunday, 6 January 2019

How to make Change Succeed in the Workplace

How to create, drive and sustain change in the workplace 

Executive Summary

Change is the only constant in business.The challenge is that success reduces the need for change, until it is too late. Businesses which continually succeed do so because they respond to the changes in their market. Those which can adopt the quickest and proactively succeed in adapting and developing to meet their customers needs, succeed at the expense of those that are unable, unwilling or slowest to adapt.  The drivers of change in business are often driven by a company failing to achieve outcomes in turnover and profit. Change of course is easy to talk about doing, but difficult to achieve.  Changing anything that exists takes more than suggestions, words or even plans. In this article I want to share how I work with high growth organisations to create and sustain change and remove the blocks and active opposition to change within an organisation.

In today's flat rather than traditional hierarchical structures, change is delivered by specialist high impact teams are often using dynamic agile business techniques, rather than traditional command and control annual planning changes. That removal of traditional hierarchy, to create and deliver tailored change plans, provide quicker localised and holistic (mentored) support in creating change. That allows supported change to be sustained by a a specialist team, not necessarily in-house, (or line managed) providing flexible support. While this type of change provides speed it can also generate resistance, although a different type of resistance than the traditional command and control "tell em" approach.

Resistance to change from either traditional or the more modern will occur if the leadership team do not have a proactive change strategy in place. Key to that strategy is he the ability to focus not on the change itself, but on the outcome of being able to make and sustain change, ensuring that the business unit is fit for purpose after the change step is made.

Here are a few ways which I have used to make change sustainable:-   

Leadership is vital in making change successful. Change in key areas such as culture (and let's face it most change  often about cultural change within a division) must be led by the leadership team. Leaders cannot delegate shifts in culture, either in traditional or modern structured organisations, they must lead it. It is more than just by-in needed by leaders for change to be successful, leaders must lead from the front. Cultures within a company are established, driven and supported by the leadership team, they set the pace, either at the corporate or unit level, so cultural change must led by the leadership.

Leadership often does not see that they set and define the culture, that also means that the leadership does not need to make changes within themselves. Changing the corporate culture from the top is an essential part of making change happen so that it is sustained.  Leaders must inspire, believe in and lead form the front from change to be more than a fashion or fad.      

1. Clear Vision from Change 

Change is ultimately not about the process of change, but the outcome. Successful change focus on the outcome it delivers, even if that change is only a stepping stone phase.  Creating and setting the post change environment, the outcome is a vital first step in making change successful.

2. Team Structure

Creating the change team, giving people the roles and responsibilities to create and deliver change , stretching people and developing  the potential for personal and team development.

3. Set Stretch Goals. 

Whether just benchmarking the competition or creating a completely new model for delivery, change needs to have goals, but don't talk about 5% better, change only happens if you stretch people to double the team's performance. Without the stretch you won't get real change.

4. Don't Over Plan The Change

Change does not work if you over plan it.  Change succeeds when it is both an evolving process of discovery and of inclusive involvement. If you only provide a total change package there is no buy-in to those on the ground (or the leadership and management team), so change becomes enforced and therefore resisted. The second element of change is that over planning also removes or reduces flexibility in response.  

5. Passionate Leadership 

Leaders must not only be the agents of change but also chief cheerleader, motivating and driving change consistently throughout the whole change process. Active involved leadership (passion) is not only about visibility but also to drive the leading players and pull up the slower, resisting or passive elements in making change.   Emotional leadership is an important part in creating and transferring believe in change.

6. Rationale Argument for Change

While emotions matters, so does rationale in carrying people forward. People buy with their hearts but confirm with their heads. The importance of rationale arguments, supported by either (or both) perception or hard evidence for change is an essential element in carrying the team forward with change.

7. Overcome the Depression Point with a Ladder

The pain point or depression point, is the low point in the change curve, the area where the change is under way, initial optimism has evaporated the pain of change is most apparent, because no tangible benefits are yet materialising. It is at this point that the leadership needs to be personally driving change by proving a ladder (simple steps) that deliver tangle progress.

8. Empower the Front-line 

For change to happen and to be sustainable the front-line of the change needs to be in charge of delivering change. This is difficult in traditional command and control companies, delegating power and authority to the front end of the operation is a challenge, but one which organisations must embrace if change is to be successful. for change to succeed the front end of any operation must feel its benefits and be empowered to drive it through to completion.

9. Allow A Culture of Trial and Error 

In both traditional and modern organisational cultures the most successful change happens when people can try new things, without fear of failure. That ability to have space in which to try changes, safe failure, allows people to try new ideas (within safe limits) without being judged. One successful measure of change cultures is to measure how many new ideas are generated, tried and tested.

10. Positive Solution Provision. 

Leading change is more than just saying well one and get on with it. Leaders must be a source of ideas, not necessarily answers but sources of inspiration, or of resources which can support change. Providing suggestions and fresh support, internally and externally to enable and support change throughout the whole process including post change to re-enforce and sustain change.  

Like to learn more then read further blogs, subscribe or  get in touch to to discuss your needs enquires@cowdenconsulting.com

Friday, 4 January 2019

What to focus on when looking to sell your business.

Summary: What to focus on in selling your business. 

The time to sell your business is when you want out. The best time is when you have a new exciting project that you want to commit to. The optimum time to sell is when investors are excited by your sector and your business is in tip-top fighting condition within a dynamic market. 
This simple checklist should be at the heart of all business owners when looking to define their exit strategy timetable.  Buyers buy because of the potential they can see in making money from the business they are buying. They will pay a premium for a well-run company, with a motivated and dedicated management team, delivering efficient processes to loyal customers.     

Buyers Expectations

Buyers look at potential business acquisitions through the lens of perceived financial risks and rewards. Buyers weigh up the potential rewards over 3 to 5 years both in terms of profits coupled with its potential asset value (share value) as their return on their exit plan. The stronger your key business drivers, from the market you operate within through to how well you deliver your products and services define the start-point of the business value. In essence how you manage the risks around and within your business combined with how well you maximise your opportunities is what buyers are prepare to pay 
The strength and quality of your key business drivers is critical to receiving the highest possible price. In every business there are a whole host of significant business factors, depending upon industry, but the key common ones are consistently recurring income streams from diverse sources, strong strategic business plans delivering sustainable growth, strong future profitable cashflow all being delivered by a strong management team with appropriate operating systems.   
Business owners today looking to sell need to build each of these drivers to maximize your company’s purchase price.

1. Business History

The first driver buyers look at is a history of increasing revenues and profits year over year for the past three to five years. Remember, buyers buy businesses to make money. They want to see the track record, based upon the old adage that the past is the key to the future. Your history reduces risk to buyers as it shows your position with your market, and explains your product / services in terms of income and returns and it shows consistency of you operations.   

2. Strategic Business Plan

The second driver, the strategic direction (business plan) demonstrates the businesses strong organic growth, what happens if the new buyers do nothing once they have bought it. This provides buyers with a base case or buying the business.  Is it sustainable without the purchase, or is the purchase propping it up, if so the investment is being salted away on running the business not in creating value for the investors. 

The second fundamental element of this driver is the buyers investment plans, or often called their the inorganic growth plan.  Their plan must create a compelling competitive advantage within the target market for scalable growth.  High-growth markets are key target for investors particularly where that can be coupled with multiple market development to accelerate that growth. So if your business operates across multiple sectors, or can be able to then it is more appealing to investors than one which operates within a single or limited market.   

3. Future Cashflow 

Expected future cashflow is the third major business driver of business value. Cashflow in all its elements, from profit generation to working capital and investment capital requirements (including any future CapEx) all fit into the mix which financial assessment will include. 
The future EBITDA, as this is assessment is expressed are all-dependent upon the business owners strategic business planning. Understanding your market from the macro factors through to the micro drivers all combine into a well throughout plan which demonstrates sustained profitable sales and market growth. The strategic business plan needs to thoroughly explain how your business is both organically able to grow but also how the buyer will be able to leverage enhanced growth through its investment.  

4. Operational Risk

The fourth major business driver is in operational excellence through a strong management team in place supported by effective operating systems. The more your business revolves around only you or another “key people,” the greater the perceived risk among buyers. If that person is the owner, then any sale will buy them in, so owners need to make themselves redundant within the business. 
A strong management team, from leadership through to operational delivery people, is an ideal buyer purchase scenario. So metrics such as a high quality recruitment strategy and low staff turnover are highly desirable. What buyers are looking for is a strong culture and a stable labour force for future growth.

Next Steps

If you are looking to sell your business then the first steps are to get some professional advice to see where they are compared to where they need to be. Owners need to understand the key business drivers, which they can influence and take steps early towards developing these to improve your business drivers. That will drive your business value upwards and begin the process of polishing your business, making it more attractive to potential buyers.  
Strategic planning is one of the most effective things that business owners can do to add value to their business. Like to learn more then contact us to learn about our strategic planning services enquiries@cowdenconsulting.com or learn more at www.cowdenconsulting.com/strategy

Sunday, 18 March 2018

Why and How Challenger Brands Succeed For Brand Leaders

The challenger brand model is a strategic approach to a market that works for aspirational brand leaders to take ownership and consolidate a particular position for their unique offering within a market. The challenger brand model is business strategy that changes the landscape of a market, by shifting the entire premises of a market's assumptions about its underlying structure.  Changing the premises of the market's structure is how disruptive technologies are brought to market by challenger brands.

The fundamental premise of challenger brand model is that it is a whole business strategy for the business, not just the marketing and sales functions. The challenger brand model success relies upon it being a clear strategically focused in carrying the whole business into a new place within its market sector(s), not just routes to market into a true partnership throughout the entire value pipeline.

This shift is about partnership proactive participation in the challenger attitude within a market. The challenger model creates a new value stream ultimately to customers, but actually to all stakeholders involved in creating the challenger position within a market. Challenger brand models are actually not just about sales people selling in a different way, but far more; they are about businesses identifying that in maturing markets defining their premium and sustainable position within that market is more than just desirable but an essential suitable position to own.

The challenger brand model has four fundamental underlying principles for it to be successful. It is not just about selling, having challenger sales people, but about changing everything about the organisation.  

Types of Sales Structures

For a company to start its journey into the position of challenger brand the first principle is that whole organisation must make a step change in their attitude and approach to their customers. If the culture of a business is purely sales focused then moving it to a relationship one is a simple evolutionary step, but moving to a challenger one is not a simple next step, but a cultural shift, a huge leap of faith and complete organisational cultural shift. This step change is one reason why many companies aspire to being challengers within their market, but in reality they are still transactional relationship in nature.

The debate is one of nature versus nurture. 

Can a company move away from simply selling what they have, to identifying and developing long term customer values, what tomorrow’s customer is going to value within a brand. Can the organisation communicate its true values rather than selling what it has today.  Putting it simply; can a company walk away from a short-term sales culture to challenge industry perceptions. In my background I have worked for brands that have achieved that, and seen brand’s such as Patagonia sustain the challenger market position successfully and change the market to their challenger position. Premium brands achieve the challenger positions through visionary leadership and sustain it by creating champions throughout the whole industry, not just through sales people selling differently to others.

Challenger selling: mindset shift

The second principle of successful challenger brands is that everyone within the brand has engage in conversations with stakeholders to shift the mindset of an industry. Complete belief from within the whole team of the company culture is a must. That creates a sector tension within any market. Apple, that iconic challenger brand took on Microsoft and others, by challenging the status of computing as technical, Apple made them simple and beautiful. They work for us, not us for them. That tension with customers and the whole supply chain successfully challenged assumptions and took that challenger role from computers to phones, watches and even TV’s, redefining the markets within which it chooses to compete.   

For challenger brands to succeed they must challenge with a uniquely defined position within a market.  Belief and education are central to challenger brands success. Everyone must believe, not just the sale person, but the whole organisation must have a unified cultural belief in the challenger position.

Engagement and communication must be clear and demonstrate the innovation which the challenger brand operates.  Simon Sinek talks about the power of WHY, when describing Apple’s approach to the market. The brand’s ability to communicate at all levels creates interest and desire within target audiences. Target audiences, those who just get it, become converts to the way in which a challenge brand operates creates people with a passion, converts who believe and can communicate that belief clearly. 

Education is at the heart of successful challenger brands. While they create factual and emotional arguments which people buy into, they can sustain and develop their challenger position. Education is not just talking to passionate followers or clever innovations, it is far more. It is the continued striving to re-enforce that challenger position, what it is why it matters to all stakeholders and how it differentiates the brand from other and form other potential new entrants or alternative options. These are most effectively delivered through insights into customer behavior inextricably linked to core causes and themes, which that challenger brand espouses.  This continued consistent communication re-enforces the challenger brand’s position and moves the brand from innovator market positions into aspiring early majority markets of both intermediate channels to market and audiences.  

Successful challenger brands, defend their market position, not through hostile language, ‘we are better than you because….’ But through resonance with audience types personalities.  Each challenger brand’s communication sounds like ‘people who value XYZ value us because we resonate with their values’.

That resonance is not designed to appeal to everyone, in fact successful challenger brands focus on key target segment consumer motivations. They sacrifice the majority status quo and look to occupy premium places within markets which are defensible and sustainable. They look at tomorrow’s market needs and drive behavioural shifts in customers attitude to brand engagement. Apple’s drive into apps, live streaming, integrated products and services, all move audiences into engagement with the brand in a different way than any other ‘computer’ company.     

Control, and taking control is therefore at the heart of a challenger brand’s success. Communication is only relevant if it engages with those who can influence decision-making. Effective communication by challenger brands is about controlling the communication where and when it matters.  Challenger brands focus on communication only where they can successfully challenge, they converse on their ground and in their language. They create a new language of products and services not to differentiate but to identify the value they deliver in their unique language, so conversing inside the brand becomes an integral part of buying into the brand.

Challenger brands only talk about value, challenging the customer’s thinking and pre-conceived perceptions in their decision-making process.  It is never negative, always a positive solution being provided by challenger brands. The irony being that they most successfully challenge when they do it non-aggressively and non-directly. They don’t look to compete in the same way as the industry norms, but through looking at challenging the status quo in every way. That approach creates positive tension, the implied question is why would you not buy this brand, this way of life, rather than buy us over them.

Challenger Brands Offer Enhanced Value 

Third principle that makes challenger brands successful is that they are premium players within any market. That requires a complete integration of attitudes and approaches within the company and its complete supply chain. Challenger brands are always premium players, they invest in being in the space at the top of the market, and the price they charge is a result of their challenger success. It is investment into innovation in both product, service and value chain activities. 

Being a challenger brand also relies on the brand investing in its customer targeting of key prospects, not just end customer segmentation but also in every step in the customer journey. That creates an targeted up-front prospecting and focused pipeline management   Those investments result in higher closing ratios than industry averages.

Challenger Brand Leadership Skills

Becoming a challenger brand within a market requires the right type of people, and this is the fourth principle behind a successful challenger brand. Traditional order takers and short-term management and leadership people will not ideally fit with a challenger sales brand. So moving a brand, or creating a challenger sales brand requires an organizational shift in behaviours, competencies and capabilities across the whole company.  Changing behaviours of all employees takes time and leadership, it does not happen over night and measuring the results is not easy.  Rather than just measuring the sales, the leadership need to measure the quality of the customers and the engagements that occur. 

At the heart of becoming a challenger brand is to understand the unique position which that position within the market it delivers.  Brands such as Apple, Patagonia and Tesla have all successfully taken clear positions within their respective markets’ by being challenger brands. By changing the established perception of a market, challenger brands succeed because they deliver more value at every point of the relationship. It takes a strategic long-term approach for a challenger brand to achieve that success, and that takes leadership with vision.

Learn more about how to develop successful business strategy click the link to buy the book:- Strategy: The Leader's Role by Richard Gourlay

Monday, 30 January 2017

Strategy: The Leader's Role by Richard Gourlay


Strategy The Leader's Role by Richard Gourlay

Strategy The Leader's Role is a book which brings together courses all the key tools which a leader needs to use to create a successful business strategy. 

These tools are carefully explained, with step-by-step guides as to what and how to develop your business strategy. 

Each step builds upon one another enabling the leaders to develop a comprehensive business strategy to lead your business successfully.

The Importance of Strategy

The leader is the person ultimately in charge of defining the corporate goals of any organisation. It is the one role which a leader cannot delegate.  Strategy is the course to take to achieve your organisation goals. 

Without a strategy any organisation drifts aimlessly within its market, loosing its position and its customers. A clear set of goals allows a strategy  to be developed to achieve those goals, enabling the organisation to focus, find its direction and pull together towards those goals. 

Strategy: The Leader's Role by Richard Gourlay, provides both the hard tools to assess and develop your goals and strategy and the soft tools which enables leader's to successfully implement those strategic shifts within their organisation.     

Leading From the Front

It is difficult to lead if you don't know where you are going and in this book, Richard Gourlay explains how to use key tools and concepts to assess your market and define your goals and set your direction of travel. How to weed out the noise which often drowns the clarity of thinking which leader's need to see where markets are going and enables them to define their vision for their organisation. 

Leading from the front can only happen if a leader is confident of where they are going and why they are taking that route. This book provides that clarity of purpose for leaders to assess and understand how to define what matters form what does not so that they can step up and out and lead from teh front.

Strategy: The Leader's Role 

In Strategy: The Leader's Role each step in building your vision, goals and strategy is explained with relevant tools and aids to enable you to develop your own unique strategy to fit you and your organisations circumstances. 

From assessing your core competancies as an organisation through to understanding where your market (s) are going. Strategy the Leader's Role explains in step by step chapters how to undertake your own assessment with models an examples of how others have achieved their strategy.

Tools include external market assessments well as internal market assessment tools to create strategic options. How to assess your organisational capability as well as how to use theses to create a strategic advantage. 

To buy this business book, just click the image or the link below:-    

Strategy in Business: Strategy: The Leader's Role by Richard Gourlay

To buy this book click this link: https://www.amazon.co.uk/Strategy-Leaders-Successful-leaders-business/dp/1508761965

Monday, 21 November 2016

Strategic Vision Drives Organisations Success

Drive Your Vision or Amlessly Drift 

In today’s world, driving your business vision is the only way to ensure you stay focused on where you want to go and not pulled by short-term fads and fashions. 
The words strategic planning used to mean a once a year offsite discussion about where the organisation is headed. That thinking would be turned into an updated business plan with expectations and outcomes to be delivered over that next year. That type of strategic planning the corporate away-day provide very little in the way of strategic thinking and subsequently provided no or very little strategic value. Corporate away days became more a morale booster, with team building and bonding as the only measure of development. The reason why was very simple, if there is no strategic intent, no strategic review or re-evaluation them there will be no strategic outcomes.   

Strategic thinking is more vital today for leaders of organisation than ever before. The need for organisations of any shape and size to be able to determine why they exist and where they intend to exist in their market has never ben stronger. Whether it is new players finding their first footing in their market, through to established players redefining where they are within their sector, the need for leaders to define their vision and validate their strategy to achieve that vision has become more critical than ever. The drivers of urgency are not just those of ever more powerful stakeholder expectation, but more demonstrably the globalisation of every market sector and the transparency of strategy in what it delivers to business. 

Problems with Strategic Thinking

The problem building a long-term strategic plan, the traditional cycle of business planning is that it is too long and therefore slow to react to rapidly changing business environments; particularly the slow speed of implementing traditional business plans, which has damaged the reputation and credibility of strategy. 

The slow pace of organizational change driven by traditional strategic business planning results in strategies which are out-of-date before they ready to deploy. 

The net result of this process is that organizations are sluggish to respond in fast-changing markets, left wrong-footed by new entrants in dynamic, high-growth markets leaving leaders frustrated and impotent in competing with agile, new entrants. In an technology driven world where disruptive online behaviours enable markets and customers to change overnight, thinking strategically can seen to be an outdated way of thinking.     
Developing effective strategies is vitally important because without them organisations become inward looking, focusing on efficiency at the expense of growth opportunity. Without strategic thinking leadership teams becomes operationally efficiency driven rather than customer focused.  

The key element of strategic thinking is the ability of leadership teams to look at what is driving change within any sector. Inspiring vision is about drawing intelligence from scratchy, vague or even 'invisible' data to make informed decisions about tomorrow's market and develop an aspirational strategy to achieve that vision.

Planning for Tomorrow

What do we know about what tomorrow will look like and what opportunities it will offer? Here are my five defining statements about the need for strategic thinking:- 
  1. It will happen whether we like it or not.
  2. Markets are always changing, new opportunities are always arising.
  3. If organisations strategically plan ahead they can successfully compete, rather than just survive by being a me too player.
  4. Strategic thinking has to be achieved and implemented faster than a market is developing if players wish to stay or move into more profitable, growing and sustainable market segments.
  5.  Without strategic thinking every organisation will go backwards in its market.

The Strategy Gap

The strategy gap: the lack of proactive strategic thinking is most often blamed on the lack of hard data 'facts' as the basis of making defined decisions. This has always been a factor in undermining the confidence leaders have in making plans for the future. 

As a result, strategic planning often focused on predicting the future based on historic trend lines, over-invest in gathering all available data, and produced a small number of safe directives often focused around the very near future, for the rest of the organization to execute.
This safety first approach to strategic planning leads to little steps, but is not really strategic thinking.  

"Genuine strategic thinking requires leaders to think of the future not based upon the past, but based upon the future market potential".   

With the advent of the internet there is now huge amounts of easily accessible affordable good data which is instantly and cheap to acquire. The world today has become a turbulent place, speed of change is no longer slowly evolutionary, but has become rapidly revolutionary in virtually every market. 

This has left the traditional strategic planning process with a fundamental problem, since the trusted, traditional and slow approach to strategic planning is based on assumptions that no longer hold. The static strategic plan is dead.

So why do strategy at all?  

Strategy is therefore under pressure as a process unlike never before.  If the outputs from traditional strategy, a traditional business plan with incremental evolution are no longer valued, then the value of strategy is being rightly questioned.  

The reason why strategy is not dead is that the strategic process, the way strategy is developed is essential in learning what is ‘right’, what is the future in a business sector.  This strategic approach to step out of your organisation and look at the market, defining internal aspirations and building the steps through experimental activity and forward pattern development enables shift culture to occur enabling agile strategy to be deployed. 

There are many renaming ceremonies for today's strategy process, all focusing on the move to redefine the strategic planning process, away from the traditional top-down long-term evolutionary strategic planning process to quicker, dynamic and responsive strategic thinking culture. This systematic and seismic shift in thinking away from process driven top down command and control process to one of continual strategic thinking culture. 

To make this shift to modern strategic thinking, leaders need to move away from traditional predictive planning to rapid prototyping supported by multifaceted experimenting.     

The second shift is that of 'frontline first' where leaders must enable the frontline with real decision-making authority. Successful strategic thinking requires objective and direction setting with a whole team focus.  Instead of a plan, the planning process is about whole team involvement in the mindset of goal achievement.              

The third and final major shift leaders need to focus on where the organisation is adding value to customers. As markets and customers rapidly change, who would have thought Google, the online search engine would be producing driverless cars, or Apple the IT company is managing middle-class health. 

What value any organisation customers value and are looking for is one of the major shifts which today's digital age is driving.   

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