Top Banner
The Five Keys to Accountability
44
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: United Way Accountability  1.25.13

The Five Keys to Accountability

Page 2: United Way Accountability  1.25.13

“Simplicity is the ultimate sophistication” Leonardo da Vinci

Page 3: United Way Accountability  1.25.13

Ideas in Business = Strategy

Action = Execution

Business Success = Strategy x Execution

Page 4: United Way Accountability  1.25.13
Page 5: United Way Accountability  1.25.13
Page 6: United Way Accountability  1.25.13
Page 7: United Way Accountability  1.25.13

(T + C + ECF) x DE = Success

Page 8: United Way Accountability  1.25.13

TalentTeam

CultureClarityProcess

Page 9: United Way Accountability  1.25.13

TalentDevelop and display competence.

Follow through on commitments.

Deliver required results.

Ensure your actions are consistent with your word.

Stand behind the team and its people.

Be enjoyable to work with.

Be passionate about your work and those you serve.

Communicate and keep everyone informed.

Help the other members of the team.

Help members of other teams.

Share ideas, information and credit.

Hold yourself 100% accountable.

Page 10: United Way Accountability  1.25.13

1. Lack of TRUST2. Lack of Candor3. Lack of Commitment4. Lack of Accountability5. Lack of RESULTS

1 - 10

Page 11: United Way Accountability  1.25.13

Competence

RespectDistrust

Affection TRUST

HIGH

LOWLOW HIGH

Concern

3

Page 12: United Way Accountability  1.25.13

“I am good at what I do… and I do it because I

care about you.”

Page 13: United Way Accountability  1.25.13

DMCCMD

irection – vivid, clear, inspiring --- shared

easurements – specific, observable, focused

ompetence – very good at what they do

ommunication – open, honest, courageous

utual Accountability – all team members

iscipline – do this every day

Team1 - 10

Page 14: United Way Accountability  1.25.13

Culture

Positive Culture

Fun

Family

Friends

Fair

FreedomPride

Praise

Meaning

Results

5

1 - 10

Page 15: United Way Accountability  1.25.13

Business Side• Integrity• Innovation• Accountability• Execution• Urgency• Customer Focus• Ownership Mentality

1 - 10

Page 16: United Way Accountability  1.25.13

Clarity• Communicate clearly and relentlessly.• Set agreed-upon and highly specific metrics.• Focus on results – not personalities.• Force collaboration – teamwork is mandatory

not optional.• Question all activities that don’t contribute to

the company’s overall strategic goals.• Make sure that everyone in the organization –

from top to bottom – focuses on accountability.

1 - 10

Page 17: United Way Accountability  1.25.13

• Solid strategy is essential to business success.

• However, good strategic principles mean nothing if you don’t implement them.

• Thorough preparation is essential to execution.

• Simplicity is the foundation of execution. Thus you should focus your business on a few simple ideas.

• Align all activity with your core business goals. Eliminate everything else.

• People drive execution. Hire, train, retain and motivate the best.

• The business landscape is always changing, so to succeed you must be flexible.

• Craft a simple message, and make sure everyone in the organization gets it – but also listen to everyone, so you know what’s going on.

• Being good isn’t enough. Build “towering strengths.”

Sun Tzu on Business Execution

Page 18: United Way Accountability  1.25.13

10 – 15%

Page 19: United Way Accountability  1.25.13

What Inhibits Execution?National Survey of 14,000 Senior Executives

4. Inability to work together (21%)

3. Company culture (23%)

2. Economic climate (29%)

1. Holding onto the past / unwillingness to CHANGE (35%)

Page 20: United Way Accountability  1.25.13

In other words…• In order to succeed you need a

high-performance team that is extremely customer focused and embraces a strong culture of disciplined execution and accountability while being nimble, agile and adaptable to changes in the marketplace.

Page 21: United Way Accountability  1.25.13

Vision+

Values

Strategy

Commitment

Alignment

Systems Communication

Support

Adjust /Innovate

Reward /Punish

Where are we going + how will we behave on the way?

FocusDifferentiation“No”

Stakeholders + guiding collation

Vision + ValuesStrategyPlansGoals / ObjectivesTactics / Actions

Procedures / ProtocolsRepeatable ProcessClear / consistent / relentless

Training +time / money /

supplies / people

Measure / TrackCommunicate

Transparency Renewal

Praise + Celebration and

Eliminate Mediocrity

9 Steps forEnsuring

Effective Execution

Process1 - 10

Page 22: United Way Accountability  1.25.13

Obstacles to Execution

Page 23: United Way Accountability  1.25.13

1. There is a real void of clear, direct and understandable communication. This results in people doing what they want to do, not what they need to do and breeds a climate of not caring about the customers/clients or their colleagues.

Page 24: United Way Accountability  1.25.13

2. Dysfunctional behavior is accepted or ignored and worse yet, colleagues, management reward it.

Page 25: United Way Accountability  1.25.13

3. There is no definition of what is acceptable and what is unacceptable.

Page 26: United Way Accountability  1.25.13

4. Management do not promote and confirm that accountability is a key principle within their company.

Page 27: United Way Accountability  1.25.13

5. Good people may leave because of frustration that their employees are ignoring the issue and is not proactive in seeking and implementing a solution to change the environment.

Page 28: United Way Accountability  1.25.13

Accountability • 100% Clarity

• Agreement

• Tracking

• Coaching

• Reward / Punishment

Page 29: United Way Accountability  1.25.13

Clear Direction

No

Yes

Explain the Task

Agreement

Gain Agreement

Skills

Yes

No

Training

Resources

Yes

No

Get them theResources

Authority

Yes

No

Empower Them

Motivated

Yes

No

Coach Them

PerformanceImprovement

Yes

No

Clarity

1 - 10

Page 30: United Way Accountability  1.25.13

The Four Pieces of Paper…

Agreement

Page 31: United Way Accountability  1.25.13

Drone Scapegoat

OwnershipMentality

LooseCannon

HIGH

LOW

LOW HIGH

Auth

ority

Accountability

Empowerment

1 - 10

Page 32: United Way Accountability  1.25.13

Keep a Compelling Scoreboard• It has to be simple• It has to be visible to the team• The has to show all key metrics• it has to tell you immediately if

you are winning or losing!!

Tracking

1 - 10

Page 33: United Way Accountability  1.25.13

MPS Margin Per Sale

Talent

Customer Service

Customer Retention

Create a “Dashboard” of all key measures

Page 34: United Way Accountability  1.25.13

Coaching

Page 35: United Way Accountability  1.25.13

Situational Leadership

Teacher Coach

Director Cheerleader

FLEX

LOW

LOW

HIGH

HIGH

Moti

vatio

n

Skill

Page 36: United Way Accountability  1.25.13

10 year study of 160 top companies

40 distinct industries

200 management practices

Winners, climbers, tumblers, losers

Winners had an average Total Return to Shareholders of 945%...

The Losers only averaged a TRS of 62%

From: What (really) Works by Joyce, Nohria, Roberson

Page 37: United Way Accountability  1.25.13

The Four Primary Practices:1. A sharply focused, clearly communicated and well-

understood strategy for growth.2. Flawless operational execution that consistently

delivers the value proposition.3. A performance-oriented culture that does not

tolerate mediocrity.4. A fast, flexible, flat organization that reduces

bureaucracy and simplifies work.

Page 38: United Way Accountability  1.25.13

The Secondary Management Practices:

• Talent = find and keep the best people.• Key leaders show commitment and

enthusiasm for the business.• Embrace strategic innovation.• Master the power of partnerships.

Score yourself on the 1–10 scale for all eight practices

Page 39: United Way Accountability  1.25.13

Lessons from seven top CEOs• Have an outside-in perspective.• Be deeply passionate about your job.• Understand the importance of culture.• Create or adapt next generation products,

processes and solutions.• Implement the best ideas regardless of

origin.

From: What the Best CEOs Know by Krames

Dell, Welch, Gerstner, Grove, Gates, Kelleher, Walton = 696 B

1-10

Page 40: United Way Accountability  1.25.13

Workshop• What are the top THREE things you must do

right away to dramatically increase the level of disciplined execution and accountability in your organization?

Page 41: United Way Accountability  1.25.13

FDA

Page 42: United Way Accountability  1.25.13

Where are three areas / strategies that you need to

focus that accountability on?

Page 43: United Way Accountability  1.25.13
Page 44: United Way Accountability  1.25.13

If you have any questions at all please do not hesitate to send a note or call. My email address is: [email protected]

My twitter address is: @awesomelysimple

Please connect with me on LinkedInAlso, you might find value in the ideas I share in my blog. You can sign up for it at:

www.blog.johnspence.com

Lastly, these slides have already been uploaded to:

www.slideshare.net/johnspence

Thank You