Most companies we work with are still operating in a virtual or semi-virtual world, and fortunately, employees are adapting well. It is amazing what technology can allow us to do these days. Can you imagine working virtually twenty years ago? As an unforeseen benefit, companies are taking a fresh look at their businesses to evaluate how they can take advantage of this trend to structure the business more efficiently from the standpoint of both employees and companies. I think the landscape of how we work will forever be changed—and in a good way.
Like most other companies, we’ve made the decision to pivot our in-person conference to a virtual event. As we were planning for this new reality, we went back and forth over whether to make the event free or to charge for a portion of it. This was uncharted territory for our team, who have never put on a virtual event longer than a webinar. We knew we still wanted to keep the best elements of our in-person event - to provide a place for our Rhythm family to come together, to share ideas, to get real work done and to learn from each other while enjoying ourselves.
Ultimately, we decided to use the event to do the most good we can at this difficult time—to help our clients, friends and our community. We decided that instead of charging a registration fee for the virtual Breakthrough Conference, we’d make it optional for attendees to donate to our charity partner, Samaritan’s Feet. On top of that, Patrick Thean, our CEO, has decided to personally match all donations up to $12,500.
As the summer comes to an end and fall looms with more uncertainty, it can be tempting to sit back and see what comes next—but if you aren’t careful, you’ll be stuck in reactionary mode and never make forward progress. To successfully weather the storm and recover from the pandemic, you need a strategic plan. You may not know what’s coming around the bend, but you need to be proactive in planning for the future so you don’t get left behind.
There are a range of possibilities for the future which are currently unknowable. How long until the spread of the virus slows? When is there going to be a vaccine? Will there be another round of shut downs? Will there be additional support for individuals and businesses from the government? How long until consumers can resume their old routines, and what will their new routines look like? How long until business travel ramps back up? These aren’t questions any of us can answer right now.
Team meetings are a key component of any business. It’s important that the employees know and understand what’s going on with the company and what expectations they need to meet in order for the company to be successful. It is one of the best ways to create a culture of continuous improvement. Want to run a great meeting and save time each and every week? Just follow our tips on how to run a team meeting.
How does your team react to the weekly meeting? Is it a task they dread? Do they welcome the break from their desks? Do they get frustrated because every single meeting always seems to be about the concerns of one single person? Do the meeting participants believe it is time well spent? We have found that companies that take control of their meetings get a huge return on their investment with high employee engagement.
For many companies, the idea of the monthly meeting can feel like a burden in an already overly scheduled calendar. Why is this leadership meeting, in the midst of so many other meetings, important?
This monthly leadership meeting with employees is your key to building the team, learning together, solving problems, working on specific issues, and reinforcing your company’s culture, initiatives and goals.
Many planning tools are used on an annual basis—yet, they are often overlooked in the middle of a pandemic like COVID-19. There is an opportunity, now more than ever, in your team's need for direction, a way to focus their action and a bumper rail to keep them moving forward. This will allow you to harness the energy of your team rather than sinking in the quicksand of panic.
Many executives have heard of SWOT but aren’t familiar with how to leverage it for their business plan, much less how to utilize it in a time of crisis. Every business I work with has seen affects from the pandemic—either positive or negative. Let’s look at how to utilize the SWOT approach for either effect by making it a cSWOT (Crisis SWOT). A cSWOT is key to establishing a healthy decision-making capability and communication rhythm in your company during trying times.
Businesses looking to implement goal setting best practices are often drowning in a sea of acronyms that can be hard to navigate. What’s better - MBOs or OKRs? Where do KPIs fit in? Should I have SMART goals or stretch goals or something else? There are lots of tools and frameworks and different acronyms out there, but there are some key elements of effective goal-setting that underlie all of the most effective business and performance management goals.
First, let’s clarify the terminology a little bit. I’ll give a brief explanation of what MBOs, OKRs, and KPIs are and what the pros and cons may be for each.
We talk a lot about plans - annual plans, quarterly plans, team plans, project plans. But what’s your plan for the next 90 days? What are you doing? How will you deliver predictable results with your individual plan?
We all know that Rhythm strategic management software is about focus, alignment, and accountability. While most of the consulting I do is with teams, I love it when I get the opportunity to work with someone one-on-one. They are usually struggling with one question: How do I gain personal focus while still supporting my team’s plan?
Here are some great ways to center yourself, prioritize your own personal 13-week race, and set yourself up to deliver predictable results.
Two key concepts in manufacturing that often get misconstrued or even used synonymously are productivity and efficiency. Do you know what the difference is? Despite these two words pertaining to improving the production process of a manufacturing, agriculture, or service sector company, they refer to different things. Once you think about the differences, you can better utilize productivity and efficiency in your business. Read this blog to better understand productivity vs efficiency and how it impacts your manufacturing business.
Suppose you and your team have been in a Think Rhythm to determine what Jim Collin and Jerry Porras call your Hedgehog concept - the intersection of what you are passionate about, what you are best in the world at and what drives your financial engine. Defining your hedgehog and BHAG (pronounced bee hag) gives you a powerful mechanism to help you strategically plan for growth.
Specifically, the hedgehog concept is the intersection of these three questions:
- What are you deeply passionate about?
- What can you be the best at in the world?
- What drives your economic engine?
Now comes the easy part, right? Simply take that information, determine where these three questions intersect and craft a long-term goal that drives on that intersection - your BHAG or Big Hairy Audacious Goal. Are you having writer’s block?