The High Impact and Low Cost of Recognition
Human beings are hard-wired to crave recognition. When we know that others are seeing us in a positive light, our brains release a few chemicals into our systems that makes us feel good both physically and emotionally. This feeling encourages us to engage or move towards the source that triggered it. In short, we move closer because we want more of that feeling.
A Brave Thing to Do
This company is the result of the merger of two smaller businesses, each of which brought very strong leaders to the table. They like and respect one another, and everyone believes the business combination was a good idea. They’re committed to creating one business, one team and one culture. They also are very inclusive and don’t want anyone to feel shut out.
The Power of the Weekly Pulse
My client Eva is the Head of Operations for a homebuilder that’s in the early stages of its EOS® journey. She’s a terrific leader on a terrific team, and she recently demonstrated what can happen when you start reporting a key metric weekly instead of monthly.
Using a Scorecard to Turn Risk into Profit
Several years ago, I led a company that grew and distributed perennial plants. Located in the Midwest, our selling season was quite short, putting a premium on quick decision-making while “in-season” to maximize revenues and profitability. Hours, days and weeks mattered, not months. One of our biggest customers was a large home-improvement chain. They set very aggressive expectations for their vendors, but at the same time, they weren’t especially well-organized against the demands of a short selling season. They often made it hard for us to make the quick decisions required for us to serve them efficiently and profitably.
One Giant Leap and “The Vision Thing”
The 50th anniversary of the Apollo 11 lunar landing on July 20 brought back some old memories. For my generation, Neil Armstrong’s first step onto the lunar surface is one of those few events in history where you can remember exactly where you were and what you were doing. I remember staying up a little late on a Sunday night and huddling around the TV with the rest of my family to watch him take the first step and utter those famous words: “That’s one small step for (a) man, one giant leap for mankind.”
Does Your Team Have Swing (Part II)?
In a recent post, I shared with you the concept of “swing” that Daniel James Brown describes in his book The Boys in the Boat. Swing is that magic synchronicity great rowing teams achieve where every flex, pull and muscle twitch is perfectly aligned. It’s the secret to the success of teams that win championships. It’s also very similar to the kind of powerful alignment teams running their businesses on EOS®, the Entrepreneurial Operating System®, achieve.
8 Cash Flow Drivers, Modest Improvements and a Big Win
In a quarterly planning session 6 months ago, the team I was working with expressed great frustration with the inconsistency of their profit and cash flow. In some quarters, they did very well, while in others they barely broke even. In no recent period, however, did they generate as much profit and cash as they thought they should.
By the Time You Ask, “Did We Win?” It’s Too Late to Change the Score
Of the various definitions of “win” that you can find in a dictionary, the one I like best for business (and life) is: