Reese’s ideas are imaginative and highly useful. They provide us with ideas for setting a better direction and vision of where we want our company to be. It gives us a process to help make better decisions. He does warn, however, “that new leaders come into companies and want to copy and paste winning strategies from past experience, without first listening to the insights and feedback of customers and existing employees”.
With these seven steps, you and your team can create exponential value from ideas, grow an innovation economy, and master idea management. According to Baiya, your ideas are ready for action and you can master idea management—and, in turn, master successful innovation. By the end of the article, you’re left with the belief that change is possible on any level, and brainstorming helps process, capture, and evaluate ideas critical for company growth.
Do you allow your employees to help determine where the team is headed? Marcel examines leadership, and what it takes to lead others. He provides readers with 6 key behaviors to look for. When dealing with an organization’s most appreciable asset (people), Marcel notes the importance of identifying and developing high-performing employees. Business leaders need to understand how employees feel, and then determine a good strategy to navigate the demands of the future.
In their article 4 ways hobbies can help you become a better CEO, Vistage Staff touches on the life-balance aspect of living. Rather than a distraction, having a hobby can make you “feel happier, more fulfilled and less burned out”.
…having a hobby can make you “feel happier, more fulfilled and less burned out”
Business strategy: Why we need to think like scientists he notes that In the formation of strategy, CEOs should think like scientists”!
We all understand that we need to use data to make informed decisions. Emmer lists 8 data points and methods for evaluating those decision-making processes. He briefly describes the 8 data points and what those points might mean for your business
This week’s article Diversity gains importance as a strategy for CEOs, comes from Joe Galvin. Joe is the Chief Research Officer for Vistage Worldwide. In his article, he discusses the importance of Diversity and Inclusion (D & I), and how to use that as a recruiting strategy for your business.
Joe suggests looking over your strategic plans and re-evaluating your goals or objectives when it comes to diversity and inclusion.
This week’s TIP OF WEEK comes from Mary Ellen Sheehy. In her article Fiscal Health: Strategic financial insights for the post-pandemic reality Mary Ellen Sheehy, Senior Vice President of Member Programs and Alliances of Vistage, had this to say about the Fiscal Health Conference held this year. Fiscal Health challenged Vistage members to “Stop protecting the past, and start inventing the future. (And do it faster than the competition.)”
“Stop protecting the past, and start inventing the future (And do it faster than the competition)”
Do you have those days when it feels like others only listen until they hear a break in the conversation – where they can jump in and start talking? Did they really hear what you said, or did they have something already pre-prepared to turn the conversation in another direction? In a meeting do others attempt to twist your words by inserting something that isn’t even on track with what you were attempting to say? Happens more than you know. Some only hear their own thoughts already answering your question before you’ve had the chance to get your message fully across.jump in and start talking? Did they really hear what you said, or did they have something already pre-prepared to turn the conversation in another direction?
This week’s tip of the week is a fun and positive read. To Become Your Best Self, Study Your Successes. By Laura Morgan Roberts a professor at the University of Virginia’s Darden School of Business. Emily D. Heaphy, an Assistant Professor of Management at the Isenberg School of Management at the University of Massachusetts Amherst, and Brianna Barker Caza an Associate Professor of Management in the Bryan School of Business and Economics at the University of North Carolina at Greensboro. In their article, Robert’s, Heaphy, and Caza present ways to help others look for positive situations or events describing moments when they were at their best.
What decision-making trends are you following? What works for you?
This week’s TIP of the WEEK comes from Marc Emmer is President of Optimize Inc., and a frequent contributor to the Vistage Research Center, Forbes, and Inc.com. In his article How decision making has changed forever, he goes over the evolving methodology of distributed work. Be that working from home part-time, quarter time, coming into a hot-spot desk periodically or working with a team on challenging tasks. Depending on which distributed work environment you select, know that it requires strategy by senior management.
n their article 14 Ways To Tackle Challenges, Every Entrepreneur Will Face the council discusses methods one can use to avoid some of the major pitfalls and challenges often overlooked by new entrepreneurs. You also need to feel good about what you are doing. They talk about that as well.
Feeling good about what you’re doing and having a practical execution strategy that makes sense will help minimize and in most cases eliminate doubt altogether. – Jamelle Lindo, PARADIGM People Development
Reese notes that employees need to remain curious while working together toward the same goals and using the same strategies to avoid pitfalls. Collaboration within the team and with the customer is important at all levels to come up with the right solutions at the right time. Good point made by Sam ” In many companies, the informal water cooler talks now no longer happen due to the pandemic. So CEOs have become more deliberate about dedicating time to innovation.”
Do you have a rebalancing plan to help get your business moving forward as our economy starts to open back up? Is a merger or acquisition in your future?
As business strategists, we have borne witness to clients who sold too early and others who sold too late ~Marc EmmerThis week’s TIP OF WEEK comes from Marc Emmer. Marc is President of Optimize Inc., a management consulting firm specializing in strategic planning. Emmer is a sixteen-year Vistage member and a Vistage speaker.
Marc touches on a number of key points that are both current and relevant to what many business owners should be considering.
As the CEO are you building and sustaining relationships?
This week’s TIP of the week comes from Vistage speaker Jay Forte, a certified CEO/leadership/family coach, author, and nationally-ranked thought leader. In his article, 5 ways CEOs can keep teams focused and positive he discusses how executive coaches work with CEOs to assist them with effectively expanding their self-awareness of their strengths. At the same time making sure their employees are focused and engaged by improving relationships with them. Helping them take ownership of their work and committing to develop self-awareness leading to better decision making.
In her article, How to Move from Self Awareness to Self Improvement, Jennifer Porter points out a number of key behaviors. Behaviors that don’t come easy to you, but that might generate a better outcome. Each of us must make a conscious choice and own up to the consequences of our actions. We have to make some self-management choices when we respond to others and try to avoid those negative habits that tend to upset others and leave hard feelings.
Vistage Chair Janet Walker helps CEOs and business owners become the leaders their employees deserve. She’s built a career in human-capital teaching, training, and founding her own consultancy. In 3 strategies to get out of a comfort coma, Janet asks the reader boldly, who are you as a leader? Nothing can grow beyond your own ability. Are you the leader your employees deserve?
Vistage facilitates confidential peer advisory groups for CEOs and other senior leaders, focusing on solving challenges, accelerating growth, and improving business performance. Vistage member companies grow 2.2x faster. How do you prepare your business for the next trend? Learn about key trends and develop your 2021 plans for your business, from this four-piece series, from The Vistage Staff. Trends facing business in 2021 and beyond
If we want to dream big we have to inspire others to want to join the dream team, become invested, and take ownership of the vision. Vistage has presented another great article, this one on the instruction and guidance taught by Marcus Child. The article is filled with positive affirmations and a reminder to all of us to use our language in a positive way. How we say things, has an impact on those around us.
Have you ever dreaded asking a question that you feel is going to sound dumb? At some point we probably all have. We’ve probably all learned from others – asking dumb questions in return. If you don’t ask, you don’t learn. You shouldn’t be afraid to ask either. Straight forward answers and understandings of a problem begin with someone having the courage to ask a ‘dumb’ question.
“The leadership journey is life-long, and Vistage members recognize they don’t need to climb on that journey alone ” Vistage leaders are stepping up to support one another, and applying insights and best practices that make their journey more successful. The group meetings are facilitated by Vistage Chairs, who are former CEOs and business owners. They inherently understand the members’ challenges.
According to research presented by Galvin, remote workers on their own networks are at greater risk due to cybercriminals. More companies are implementing cybersecurity plans, up 46 % in 2019 from only 38% in 2017. In the survey presented, roughly 32% of CEOs stated that over the last 12 months they had been a victim of a cyber attack. You’ll want to read up on Galvin’s comments regarding Addressing the weakest link, and Mitigating risk from the remote workforce.
Have you checked your emotional intelligence lately? The emotional side of the business work environment deals with everyday employees, leadership, management, and self-help. When we react emotionally, the fallout, if left unchecked, can manifest itself in angry outbursts, depression, and low resilience to getting sick. The level of emotional intelligence in leadership drives decisions. Scary? It could be!
Economy reaches the first plateau of recovery by: Joe Galvin Joe Galvin is the Chief Research Officer for Vistage Worldwide. In his article Economy reaches the first plateau of recovery, Joe asks the question:
To what degree have your revenues been impacted by coronavirus?
Before you answer the question, first check out the The July Vistage CEO Confidence Index survey, with 1334 CEO’s showing Optimism continuing to improve. Now ask yourself the above question.
Small Businesses Gaining Optimism about Revenue Growth, Expansion Plans, Despite Economic Uncertainty
Been feeling the pressure of the times? Deadlines got you down? Getting businesses up and running smoothly again has had many business owners feeling the stress from too much pressure. It is time for change! In the article 8 Leaders Share Their Secrets to Succeeding Under Pressure written by Young Entrepreneur Council @YEC, they give some thoughtful and common sense advice. “If you don’t want to spend the rest of your career fighting fires, take time to prevent them from happening in the future”
Are mistakes making you better at what you do in the long run?
This week we take a look at “the surprising benefits of striking out, and how to make the most of your mistakes”. Take 5: The Upside of Failure by writer Jake J. Smith, a research editor at Kellogg Insight. Kouchaki lists 5 topics to help direct the reader’s attention to what is possible when one reflects on ones habits, past mistakes, and even our ability to deal with focus groups. He highlights the researchers respective experiences in theirs fields when dealing with competition, ambition, selective memory, and unethical actions.
This weeks Tip of the Week comes from Iskandar Aminov, Aaron De Smet, and Dan Lovallo . They discuss their survey of more than 1,200 respondents that “challenges assumptions about decision making. The authors, and contributors look at winning organizations and list some of their most likely traits, including : -Making decisions at the right time
-Focus relentlessly on enterprise – level value-Get commitment from the relevant stakeholders.
“With the right mix of processes and practices, decision makers can involve the right people”
Could you use some help with getting your meetings organized? If you feel comfortable with experimenting and redefining your meetings, this will be a good read. Keith brings to light suggestions for avoiding drifts and keeping things on track. Incorporating technology is a must. Just look around at the number of people working at home today – versus 3 months ago. Now is the time to be planning and strategizing, and working toward when the economy comes fully back on line.
What to increase your leadership skills?“If you expect your team to work hard and produce quality content, you must lead by example. Whatever Your Career Ambitions, Your Leadership Skills Will Be Critical”. Read the ten top qualities Bernhard discusses in his article that leaders should master. The rule of thumb is if you lose an A performer, it takes you 3 years of salary to get them back. Having goals, accountability, and rewards for your team ensures that you keep your A performers because it’s a huge expense to get another one back.
Good Leaders are Good Listeners. But to Be an Exceptional Leader, You Must Learn to Listen Differently. Philip provides insight into becoming a competent leader by learning to be an effective listener. It is important that others are being heard and understood. Good leaders need to be fully present, engaged and resourceful. Listening, it requires the ability to focus your attention and engage your intelligence to understand. Good Leaders are Good Listeners. But to Be an Exceptional Leader, You Must Learn to Listen Differently. How good of a listener are you? How good of a listener are you?
