Why Most CEOs Fail? Building a Great Company From Within & Using Your Employees to Find and Fix problemsBy Chet Holmes, President of Jordan Productions
Times are tough. The economy is in a constant state of upheaval. Is your company doing better than most?
Are you placing greater emphasis on pure performance?
If you haven’t maybe it’s time for a serious round of intense corporate soul searching. But do you know how?
Business consultant Chet Holmes says that beyond pure financial performance, most companies can really benefit from finding out what it really means to be a great company.
And
answer lies within.
Holmes is a man who is heavily engaged in corporate introspection with Fortune 500 companies.
He is widely credited with bringing a consultant's passion for rigorous self assessment and performance measurement with him.
Now, however, Holmes is obsessed with more than just
numbers. He's saying that companies must examine
company's culture and inner workings to find ways to be more than just profitable.
He’s discovered that
breakthroughs can be achieved only if you figure out how to can tap into
incredible treasure trove of knowledge, harness
energies and then channel
efforts of your employees to help you become great.
Just think, you may have invested millions in automated systems. Have you any real idea how they are being used?
Ask
employees.
Your people may know how to make money for you, but are
procedures and processes based on intuition, personal and professional experience, and corporate memory? Can these systems be readily duplicated or transferred in
event of accidents, sickness or major changes in personnel?
Ask
employees.
“It’s possible to become
world's most efficient, relentless, and competitive machine,” says Holmes. “But you have to find out what your company is really doing.”
How do you do that?
Ask
employees.
Holmes is regularly brought in to lead companies through a discussion to find out what this really means. He has mastered
processes needed to identify
changes needed to make a company better. His skills are in demand.
Usually, he gets permission to hold a series of strategy sessions. He starts by asking employees to tell
boss how
company is doing.
How are we doing?
Is
top management strategy on track? What are we doing right? What hurts? What needs fixing?
Holmes helps
company identify specific items that reveal
things that standing in
way of becoming a much better company.
“Even one process improvement meeting can give you six months of things to fix in your company,” Holmes says.
Case in point: Too Many Exceptions to
Rule…”
In one company session one of
items that came up was a vague notion:
"Too many exceptions to
rule."
Holmes asked people for specific instances or situations where this occurs. In an hours time he facilitated creation of a list of specific examples to document what people meant.
The list revealed 19 different situations where this company had never bothered to create procedures, policies or standards by which people operate.
Turned out that very few people really had any concrete idea how things were done across
company. The shock and pain was deep and felt company wide.
Holmes then asked
very same people how to fix it or make it better:
“What can we do to make
pain go away?”
They used a whiteboard to capture all
brainstormed ideas. Then they focused on culling
list of possible actions until they came up with two viable correction strategies for each problem. Using consensus, they went for
reasonable solutions that could reduce
most pain first.
The employees worked with management and implemented
corrective actions until all
19 problems were fixed within two weeks.
Some of
solutions involved simple form letters. Some involved putting up a section on their website where many of these questions were answered (the customer service people would then send an email with
link).
Some solutions required setting boundaries by which
customer service people could operate, even creating a tiered approach to what they could do. (Meaning, try this, if that doesn't work, do this, if that doesn't work do this, etc...)
Virtually every area where they once had to go to a supervisor was fixed, creating some standard operating procedure for people to refer to and follow that didn’t involve
supervisor to
same extent.
The results were astonishing. The entire company runs better now. In two weeks, they solved problems
company had had for a decade.
Many of
problems went all
way up to
president of
company. And when they solved all these problems, it lightened his load, and that of his direct reports, very significantly.
One major benefit was that top management was free to work on more important things.