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Rhythm Blog | Strategies for Growth

by Patrick Thean and the Rhythm Team

Practice the Rockefeller Habits to Drive Accountability and Response-Ability

Barry Pruitt Tue, Apr 23, 2019 @ 03:00 PM

Are you fostering an accountability-based team, department, or organization? Accountability takes a step beyond responsibility. Responsibility is a felt obligation to act within an organization's values, whereas accountability adds that you can be called to answer for your own actions.

The CEOs Strategy-Execution Gap...And How To Fix It

Cindy Praeger Sun, Mar 31, 2019 @ 10:44 PM

Written by Cindy Praeger and Eskinder Assefa

A fairly significant body of research now clearly shows that the reason why a number of mid-to-large companies face is not because their strategies were not sound, but because they were unable create a culture of strategy execution to perform well on those otherwise sound strategies.

How to Leverage Your Business Core Competencies to Create a Competitive Advantage

Alan Gehringer Sun, Mar 31, 2019 @ 12:00 PM

I have helped many companies identify and leverage their core competencies through the years, and doing this can really make a difference in the products or services you provide to your customer. Core competence is a concept introduced by C.K. Prahalad, professor at the University of Michigan, and Gary Hamel, management expert and founder of Strategos. They define it as “a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace.”

Classic BHAG Examples (Still Relevant in 2019)

Jessica Wishart Sun, Mar 31, 2019 @ 12:00 PM

I recently re-read the HBR article entitled "Building Your Company's Vision" by Jim Collins and Jerry Porras, and I was struck by the great examples they gave to illustrate different types of Big Hairy Audacious Goals (BHAGs). If you are asking yourself "What is a BHAG?" or struggling to come up with an audacious goal for the first time, these examples will help you get started as it is a powerful tool to align your company around a single mission statement. These may also be helpful if you are working with your team to reset after accomplishing your 10-25 year visionary goal. Don't let your team fall into the trap of complacency after reaching the finish line of one BHAG (pronounced bee hag); celebrate your success, and then reset. Having a long term, a visionary goal is a habit of successful companies that becomes the unifying focal point of effort that aligns your team and gets everyone excited is the only way your company will continue to grow with purpose and increase team spirit.

Download a free BHAG guide to help you align your company around a single  strategic vision.

The Value of Strategic Thinking and Planning: A More Robust Annual Plan

Cathy McCullough Sun, Mar 31, 2019 @ 11:30 AM

Regardless of size, all businesses require strategic thinking to grow. Many leaders consider strategic thinking (and the subsequent execution of their strategic plan) as one of the most challenging leadership tasks. So many times, though, leaders confuse strategic thinking and strategic planning with being tactical and task-oriented. 

While strategic thinking involves these two principles, it is not restricted to them. Rather, strategic thinking is the process of thinking, planning, and doing the work that will lead your company toward your preferred future. 

Why Having a Personal BHAG Matters

Liz McBride Sun, Mar 31, 2019 @ 09:00 AM

Shortly after my son, Jack, was diagnosed with autism at age two, I set the big, hairy, audacious goal (BHAG) that he will graduate college. Mind you, at two, Jack spent most of his days in his own, wordless world. I didn’t know how he could even attend ½ day preschool program let alone complete college. Fast forwarding to his 4th grade year (as this is a blog, not a novel), I felt panic when I realized that by being in a self-contained classroom in South Carolina public schools, Jack would receive a certificate of completion rather than a diploma. My personal BHAG was at risk.

The Daily Huddle Meeting: A Key Component in Mastering the Rockefeller Habits [Video]

Chris Cosper Thu, Feb 28, 2019 @ 06:27 PM

“Are you kidding me? Have a meeting every day! We already have way too many meetings. The last thing my team wants to do is add another one..... every day.

Yep, that was me about 12 years ago when my coach, Dan Weston, suggested we implement the daily huddle meeting in my company. I was reluctant, but he made me promise to give it a try. My team was reluctant at first too, but in time, this became one of the most important rhythms in the company. And, not only did the executive team huddle, but the design team huddled, customer service and sales huddled, the engineers huddled and the front line supervisors huddled daily.

What is the Difference Between a Primary and Secondary Core Customer?

Alan Gehringer Thu, Feb 28, 2019 @ 12:00 PM

I have written previously about the importance of identifying your core customer because I have seen far too many companies waste their valuable time and resources selling to and serving the "wrong" customers.  They haven't taken the necessary steps to identify their most valuable customers that purchased the primary product and were highly satisfied.

Your core customer is the one who values what you offer at a price and quantity that is good for both you and the customer and will take you into the future successfully. This is the individual that uses the product, the one you look in the eyes and can put a name to and the one you can’t live without. Knowing who the core customer is will impacts sales in a positive manner.

You Have a Business Strategy. So…What’s your Corporate Leadership Strategy?

Cathy McCullough Thu, Feb 28, 2019 @ 12:00 PM

CEOs and business leaders frequently ask me why their corporate strategies for the year falter or just don’t happen. “It’s like no one is listening to me,” said one CEO. He and his leadership team had a great two-day Annual Planning session to do the Strategic Thinking needed for the upcoming year. While their corporate strategy was very good, what was lacking was a corporate culture designed for success in carrying out their expressed strategy.  The more and more I work with organizations, the more I’ve come to see that leadership is a strategy. Strategic planning is great, but if you don't have effective leaders it is going to be tough to achieve your goals. All in all, how you lead people matters.

The Five C's of Team Accountability (Updated for 2019)

Cathy McCullough Thu, Feb 28, 2019 @ 09:00 AM

From a leadership perspective, there’s a real thirst for increasing leadership accountability. Executives have recently asked me various questions that linger over the concept of building team accountability to help them achieve their strategic plans while creating high performing teams:

“How do I build accountability in teams?

What else can I do to get people to do what we need them to do?”

“How can I hold a team member to be held accountable and still be seen as a good leader?”

"How do I balance leadership accountability and personal accountability when building a team?"

Building team accountability requires that we understand a few dynamics because it’s more complicated than we might recognize.  It goes above and beyond the responsibility for the outcomes, which is obviously important, but effective leaders know that they need a culture of accountability in their teams that provide the inputs needed to achieve the expected team performance.