New research in Dec. of 2018 confirms that podcasts are getting more and more popular, with 26% of people in the US listening at least every month. Most listen on a mobile device at home. On average, most podcast listeners are affluent and educated. But with over 630,000 choices out there, how do you know what to listen to? Admittedly, there’s a lot out there for people interested in politics, news junkies, sports fanatics, pop culture buffs and true crime story addicts, but there are also a lot of great podcasts perfect for business leaders.
Rhythm Blog | Strategies for Growth
by Patrick Thean and the Rhythm Team
In working with many leading mid-market CEOs and their executive leadership teams on their growth strategies, I often ask these leaders what keeps them up at night. It turns out the answer is less varied and simpler than you might think. While they all say it a little differently, the answer almost always boils down to a variation of “How can I execute my strategic plan?” Turns out CEOs know that making plans is easy while executing them is hard. I’ve included the most common four questions I hear.
Most Companies Fail Due to Poor Execution
As a fan of Blue Ocean strategy, you already know how important it is to have the right strategy. But, a great strategy executed poorly produces lackluster results and missed targets. Unfortunately, most companies and top executives focus their efforts on developing a strong strategy but spend very little time converting those strategies into “execution ready” plans that clearly define the actual work team members need to do to bring the strategy to fruition.
Bringing Rhythm into your organization can be a big change. However, it’s the first step on an exciting journey that will help you and your team build accountability, alignment and strong execution habits!
You’re not alone - many companies have been right where you are. They are experiencing stalled growth, missed numbers, people and accountability issues - the list goes on. Many of them had the same question you do: “So I decided to get started with Rhythm - what happens next?”
Below are a few common software implementation myths and how we help you avoid them:
If you’ve done the hard work to determine the right BHAG for your company, you are probably chomping at the bit to get started. What’s the first step toward achieving that 10-25 year visionary goal? If you truly have a BHAG that is audacious enough, you probably don’t know where to start!
That’s a good thing - it is supposed to be a little daunting. But, the good news is that you can start steadily climbing toward your goal using the tips outlined in the infographic below to help you reach the summit.
I recently blogged about why some companies increased sales and were happily forging ahead while others never moved out of the starting gate, or worse, closed their doors in 5 Secrets to Make Happy Money in Your Business. I was challenged in a recent onsite planning session to share more. As I wrestled with the question, I shared 5 MORE secrets. Whatever your description of happy money, find 5 more secrets below to add to your success bookshelf. Let's start with #6:
Does your who do what? It sounds somewhat funny, but this is really a serious question. Many people know what these terms are, but for those that do not, here is a brief refresher. These terms come from author and management consultant Jim Collins. You can find some great BHAG examples on our middle market CEO blog.
I have recently been involved in a few conversations with clients that are new to the Rockefeller Habits or to long-range planning. The questions that keep coming up are "Where do I start?" and "Should I first establish my BHAG (Big Hairy Audacious Goal), 3-5 year Winning Moves, Core Values, etc.?"
When I was in college, I took a course called “The Meaning of Work” and enrolled in a corresponding internship program following the course. As part of the program, I met weekly with a small group to discuss the work we were doing and reflect on its meaning. I earned a minor in “Faith and Work” as a result and gained experience in the non-profit sector and higher education through my internships. As a Millennial, I was fully indoctrinated in the belief that where I spend the majority of my waking hours should be meaningful in some way and, like many in my cohort, I entered the workforce craving something deeper than a paycheck. As they say, life happens, and my career hasn’t been what I imagined it would be as a 22-year-old college graduate (no surprise there!). But, I do still believe in the importance of finding meaningful work, the critical nature of doing work that matters, that has some purpose deeper than feeding my family and paying the bills. And the research backs me up on this, too.
Studies have found that “employees who derive meaning and significance from their work are much more likely to stay with organizations."