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Maria Veglia

The Keys to Effective Strategic Planning

May 9, 2019 by Maria Veglia Leave a Comment

Having a clear strategic plan is a critical part of keeping your organization on the path to success.  However, the most important part of any plan is the execution.  As a manager, it’s understandable that the chaotic events of the day get in the way and push you off the path carved out by your strategic plan. It’s not the intention, but often it’s the reality.   Frequently, the strategic plan is created in a silo without consideration of daily challenges and dependencies between departments.  How do we prevent this and ensure that the strategic plan is woven into the fabric of the business?  Here are a few recommendations.

The key factors to creating an effective plan that will drive the direction of performance throughout the organization include the following steps:

  1. It’s a team effort!  If you can devise a method to solicit input from all levels of employees, the plan will be owned by everyone and there will be a greater and shared determination to see it succeed.  Including input from your employees provides a more realistic view of the probability of execution.
  2. Begin with a SWOT! The first step to creating a plan that will guide the direction of your business is to first identify the Strengths, Weaknesses, Opportunities and Threats of your business.
  3. Start with the what’s happening now! Assess the current year’s progress as compared with the current plan and identify factors that are affecting hitting or missing strategic goals.  Use this information to ensure that your new year’s strategic initiatives are realistic and achievable.
  4. Look at it regularly! Schedule monthly meetings to review and analyze organizational achievement as compared with the strategic plan.  Make adjustments throughout the year to overcome areas that are failing to meet expectations.
  5. Make it a regular part of the conversation! Communicate progress with all members of your team and keep everyone engaged in the execution of their specific goals as well as the overall plan.
  6. Get help! Particularly if this is a new initiative for your team, a consultant or coach can help to guide the process and provide an objective prospective.  Utilize external guidance to ensure that the process adds value and is conducted efficiently.
  7. EXECUTE!! “Execution is the game.” –  Gary Vaynerchuck

A strategic plan based on past performance and an in-depth analysis of internal and external factors is the first, crucial step to setting your business on a successful path.  If your organization is trending in a positive direction, a strategic plan and maintain that trajectory.  If your organization is failing to perform at the expected level, a strategic plan can organize and focus efforts in the direction needed to achieve the necessary performance improvements.

“By failing to prepare, you are preparing to fail” – Ben Franklin

Filed Under: Performance Improvement, Turnaround Operations, Women-owned business Tagged With: #Strategic Planning #SWOT

Build It and It Will Flourish

March 27, 2019 by Maria Veglia Leave a Comment

In Hollywood, if you build a baseball field in the middle of your corn field, legends will appear on your lawn.  In business, if you work to build an engaging workplace culture, success will come.  Ignoring factors and indicators of employee engagement is a sure way to decrease the productivity of your team.  Employee engagement is an asset of your business that will diminish if you do not keep it as part of your strategic plan.  Productivity, employee retention, employee attendance, and proficiency are all factors that will drive the financial results of your organization in an upward or downward direction.

Knowing this, how do you positively impact employee engagement so that is drives success?  The following are five key areas to incorporate in your

The following are 5 key steps to improve employee engagement:

  1. Employ great leaders rather than managers.

Often promotion to manager is the reward given to a successful, technically proficient employee.  It’s a great move in so many ways, but one.  This individual may not understand how to lead a team; how to motivate, coach and manage employees.  Investing in management training and development is crucial.  Specific areas of focus for new managers include communicating clear expectations, implementing consistent processes, and leading by example.  Pairing a new manager with an experienced, effective manager for guidance and mentoring is a great approach to developing leadership and management skills.  Establish touchpoints with your new managers to review progress and establish upcoming goals.

  1. Encourage frank employee feedback.

It’s important that your managers create an environment where employees feel safe to provide honest feedback.   How to accomplish this?  Provide a means to solicit feedback and then pay attention.  Read the feedback and determine how to respond to each item.  Feedback can be in the form of a survey, anonymous complaint hotline, suggestion repository or targeted group meetings.  Now, where the difficulty lies is that honest feedback is only given when the surveyed individuals feel “safe”.    The actions of management have a deep influence on frank employee feedback.  A culture of open communication without retribution must exist so that you can trust the feedback provided.  So many times, the results of a survey are in direct contrast with the perceived morale.  In this situation, initiatives such as skip-level meetings should be utilized to uncover the cause of distrust and disengagement.

  1. Open lines of communication throughout the organization.

Employees who have a clear understanding of how they contribute to the mission and vision of the organization will undoubtedly be more engaged.  Communicate clearly the expectations of each person’s role.  Provide specific processes to follow.  Do not assume that everyone “knows how” to accomplish objectives.  Provide feedback on your team’s progress and provide a clear picture of how their performance is tracking.

  1. Create an inclusive environment.

Inclusive environments are critical to healthy employee engagement.  Offering an inclusive culture is being cognizant of the prospective and uniqueness of your employees.  It’s creating a workplace where everyone is treated equally with respect and consideration.   This includes providing equivalent opportunities to participate, contribute, learn and express opinions.    Often without conscious choice, managers will offer feedback to employees using completely different approaches.  For example, a manager takes the time to review progress with one employee, yet, sends an email to another employee to provide similar feedback.  Ensure that you delegate special assignments fairly and communication is to the group and not certain individuals.  Small gestures from a manager could be interpreted as discriminatory and erode  the employee’s sense of value.   Understanding the circumstances that create an environment of inequity is critical to eliminating office bias.

 

  1. Include employee engagement as a permanent part of your strategic planning.

Organizations with higher employee engagement realize higher productivity, substantially better customer loyalty, fewer accidents, and greater profitability.  Therefore, it is vital to include employee engagement as a priority in your organization’s strategic plan.  This initiative must be a priority for every level of management – from the board of directors to team leaders.

Employee engagement is not something that is “fixed” therefore forgotten.  It is a factor that will have a significant impact on the success of your organization.  If you ignore it, it will decline.

Filed Under: Culture, Women-owned business

The Value Of A Culture Statement

February 26, 2019 by Maria Veglia Leave a Comment

The Mission, Core Values, and Culture Statements unite your team and provide basic principles, objectives and values to guide their actions.  These declarations are critical to establishing a productive culture. They help your employees understand the impact of their daily tasks to the overall purpose and objectives of the organization.  In turn, this will translate to improved employee engagement and performance.

The Mission Statement defines the purpose of the organization and describes the characteristics that set your organization apart from the rest.

The Core Values support the Mission, shape the culture and reflect the principles of the organization.

The Culture Statement is comparable to a playbook that provides your team with a clear overview of what culture looks like in your organization.  It may be in the form of a handbook, a digital deck or a narrative statement.  The Culture Statement is a compilation of your organization’s mission, values, traditions and beliefs.  It will be used to guide your team in their actions, priorities and decisions.

Company culture must be aligned with all employees.  The company culture statement should be introduced to new employees as early as possible, preferably during the on-boarding process.  Ongoing training initiatives will ensure that employees remain aligned with the path and purpose of the organization.  Some organizations introduce their culture statement to prospective employees during the interview as part of the screening process.  It is an effective tool to explain the “why” behind the operations of the organization and to help determine fit.

There are numerous examples in recent events illustrating the pitfalls of operating a business without a carefully constructed culture.  Companies are in the spotlight due to poor treatment of their employees, unethical consumer practices and inappropriate behaviors.  It is crucial to provide culturally conscious leadership based on your specific mission, set of values and inclusive culture to ensure that your organization is operating as desired.  Culture needs to be a permanent agenda item when devising strategy.  Cultivation of your established culture requires ongoing attention and resources just like any other strategic initiative.

The mission, core values and culture of your organization must be apparent from front to back.  As you walk into your office and throughout each department, is there evidence of the principles, convictions and purpose of your organization?  Does your website convey what you represent and hold sacred?

Why is this critical to the success of the organization?  Simply put, it will improve performance.  Organizations who define themselves through their mission, core values and culture achieve higher levels of success.

Filed Under: Culture, Women-owned business

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