Values & Purpose
Get a deeper understanding of what makes up your business' DNA. How do we act? Why do we exist?
That being said, without a vision, your business stands a good chance of not moving forward. Creating a vision is more than just a set of words. It's a mindset of having a goal and then putting in the systems, measures, and hard work to make it a reality.
Get a deeper understanding of what makes up your business' DNA. How do we act? Why do we exist?
Set big, hairy audacious goals that inspire your team. What do we want to achieve? What does it look like here in 10 years?
Diagnose your current situation, set some guiding principles, and build a coherent action plan. What's really going on around here?
To be believed, the leaders need to live the vision. Do leaders act consistently with the values and purpose?
Leaders aren't leading if no-one is following. Do our leaders inspire followers to engage with the vision/future of the business?
Don't let your strategic plan sit in a folder collecting digital dust. Get it done! How do we hold each other to account for delivering the plan?
Good governance is critical to evaluating progress towards the vision. Do we have the right structures/meetings in place to ensure the vision is achieved?
Regular board meetings can be useful to ensure that directors are focusing on the right things (read the Good Board Meeting Guide here). Do we need more board meetings?
Incorporating a mini strategy review into your board meetings can help keep things on track. Do we review the strategy enough? How do we measure progress?
A vision is more than just setting a target for x% growth next year. We have found that using the "Collins-Porras" framework has helped many business owners form a much more authentic vision. The leader's (business owner) role is live the values, believe the purpose, strive for the goal, and communicate the future.
Knowing where you want to get to is one thing. How you get there is another. From bringing on the next generation for a MBO, acquiring a competitor, or breaking into new markets, the options are endless. Picking the right strategic things to work on at the right time is always a challenge among the day-to-day.
Measuring progress towards the achieving a 5-10 year goal/vision can be problematic. Regular board meetings with an agenda that manages the present but also focuses on the future can help you to be accountable to vision.
Sound interesting? Explore our blogs and resources to learn more. Or get in touch to chat.
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