Ask an employee at each of 100 top global companies,
"What are your organization's top strategic goals?" and you'll probably be on
the receiving end of 100 puzzled glances—or shrugged sets of shoulders.
Denise A. Harrison, a consultant with Center for Simplified Strategic Planning,
Inc., sums up how she felt when she first learned that the employees of her
financial services firm weren't on the same strategic page as company managers.
"Thoroughly discouraged," she remembers, although circumstances seemed to
indicate otherwise. "For the past two years I had been president of a financial
services firm and we had some key success metrics under our belt, the company
was now solidly profitable, cycle time had decreased by 60%, (and) we had
earned more this past year than in the past decade."
The problem? Harrison and her Human Resources Director had just received
responses to a recent employee survey, and they were bothered by consistent
answers of "No" to the following two questions:
-
Are you familiar with the company's strategy?
-
Do you know what you need to do in your position to move the company forward?
To find out how the company had failed to properly convey its "big—picture"
strategy, Harrison and her team reviewed how it had been previously
communicated to employees.
Talking
the talk isn't enough.
Each year, Harrison and her management team kicked off Q1 with a company wide meeting, during which she presented to the
entire staff the strategy—and key objectives—the company's senior development
team had outlined for the next three years. They solicited feedback in
question-and-answer sessions after each presentation.
Also, two days were set aside each quarter for smaller group meetings, in which
customers felt more open to speak up than company wide settings. Strategic
goals and key objectives were reiterated, and quarterly progress was charted.
Even then, says Harrison, "employees did not relate their day-to-day reality
with the strategy."
Obviously, something had to be done—something to engage employees at all levels
to begin thinking strategically. Finally, the management team had an idea: What
if each department was empowered to proactively consider their respective role
within the overall strategy and develop its own set of objectives to help
support it?
Communicating
strategy is a two—way street.
In the next year's company wide kickoff meeting, the three-year strategy and key objectives were again conveyed, but instead
of the usual Q&A session, the meeting ended with a challenge to each of the
company's departments to present—in an upcoming monthly meeting—"what it
intends to do in the upcoming year to support the company strategy and move the
company forward."
Business as usual came to an abrupt halt. "There was a flourish of activity in
all departments preparing for the next meeting," Harrison recalls, "Each
department looked forward to its chance to show its importance to the rest of
the company."
Each department was asked to select a spokesperson and respond to six questions
in the upcoming meeting:
-
What are we doing that moves the company forward?
-
Is there anything we are not doing that we should be doing?
-
Is there anything that needs more emphasis?
-
Is there anything that we should stop doing?
-
What is required from us from other departments for them to accomplish what
they need to do to move the company forward?
-
How can we enlist the support from other departments to help us achieve our
goals and objectives? The post—meeting results showed just how effective the
new procedure had been. Employees knew the company strategy. Each associate
knew exactly what he or she could contribute to help move the company forward.
And the ideas created in the departments were far better than the
direction the management team could have ever provided.
Harrison offers a 4—step series of guidelines for evaluating and communicating
your company's strategic vision:
1. Review
your strategy
—Review the corporate strategy, goals and objectives, ensuring that associates understand "the big picture."
2. Analyze
your situation
—Hold a team meeting for each department to review the corporate strategy, goals and objectives.
—Ask the department who its customers are: internal and external?
—What are the needs and preferences of the different customer groups?
—What are the technology issues?
—Are there any supplier issues?
—Are there any issues driven by the economy?
—Are there any regulatory issues?
—What are the departments' strengths and weaknesses?
—What new opportunities could the department pursue?
3. Develop
departmental objectives
—What are the 3—5 most important projects for the department to complete in the next 9—12 months?
—How do these objectives support the overall corporate strategy? If they do
not, should they be departmental objectives?
4. Plan
and implement
—Develop action plans for each objective.
—Are you dependent on any other department to achieve any of the objectives?
—Get approval to move forward with the objectives.
Her advice? "Developing a strategy will help your company optimize its future.
Ensuring that the whole company is aligned with corporate strategy will help
you achieve corporate goals and objectives in a shorter time frame."
Louise Axon, Senior Vice President of The Forum Corp., summarizes how employees
eventually "internalize" a company's strategy, aligning it with their own
personal core values:
"As employees come to understand the company's strategy and how it applies to
what they do," he writes, "they also come to understand how what they do
impacts the corporate strategy. That realization empowers them to think
creatively, recognize new opportunities and take appropriate risks. But leaders
and their charges are not left to their own devices to take risks and fail.
They are supported through coaching, mentoring and peer relationships that
encourage new ideas, allow appropriate risk—taking and improve the possibility
of success. Employees learn to lead, and by leading, they learn."
SUMMARY
Engaged employees who understand your company's strategic objectives are
front—line ambassadors for your company. They feel more focused, knowledgeable
and supported—a feeling that's sure to be transferred to customers and
prospects.
For more information about engaging employees and communicating company
strategy, contact us at http://www.surveymethods.com/contactus.aspx
today!
Quotes:
"Developing
a strategy will help your company
optimize its future. Ensuring that
the whole company is aligned with
corporate strategy will help you
achieve corporate goals and objectives
in a shorter time frame."
—Denise A. Harrison, Center for Simplified Strategic Planning, Inc.,
As employees
come to understand the company's
strategy and how it applies to what
they do," he writes, "they
also come to understand how what
they do impacts the corporate strategy.
That realization empowers them to
think creatively, recognize new
opportunities and take appropriate
risks.
—Louise Axon, Senior Vice President, The Forum Corp.
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