Unbelievable. The results aren’t just disappointing, they’re disastrous. You and your team are shell-shocked. You thought the market would respond but the market just didn’t respond. So how should you respond?
Let’s say you need to form a team. Maybe it’s a project team to implement a strategy. Maybe it’s a cross-functional team to deal with an issue that cuts across the org chart. Maybe it’s an integration team to help with a recent acquisition. In any case, you need to put together a team to get it done. Picking the right people is critical – it could very well make the difference between success and failure.
Many leaders do it. Because it’s so easy to do. They only see things through their own eyes.
People, let’s put an end to it. The false debate about which is more important: strategy or culture. It’s a debate that seemingly refuses to die, and it’s based on a total misunderstanding. But before I get into that, a little history …
The results aren’t what you wanted. You had committed to achieving more, but you didn’t. And of course you can tick off a list of reasons why.
What kind of people are you likely to find working at a big investment firm? People with degrees in economics, finance and business administration, right?
You’re right and they’re wrong. And you know it.
But if you tell someone they’re wrong or argue about why you’re right, then you’ll likely antagonize them. Cause them to be further entrenched in their position. Or even damage the relationship.
The double-edged sword of “knowing” is that it gets in the way of learning.
You’re ambitious. You’re results-driven. You want to win.
But you have enemies. They’re fighting against what you want. And they’re growing stronger by the day.
Everywhere I go I hear CEOs and business owners tell me the same thing. They can’t get the talent. They have open positions they can’t fill. It’s hurting production and it’s hurting service. And it’s not getting any better.
As if finding talented workers isn’t enough of a challenge today, you have to be increasingly diligent to keep them from walking out the back door. Retention is becoming tougher. What can you do?
We’re fresh into the New Year. You’re full of ambition and full of energy. And, importantly, you’ve identified your goals.