Episode 74: Why Empowering Your People is a Win/Win Strategy
Having explored the three stages of Strategic Planning, Sam wraps up the series by discussing how business leaders can achieve greater results and save time and money, by empowering their people to be involved in the Strategy development.
With all the time and effort expended by leaders in developing strategies for their business, it can be frustrating when people are not engaged or go back to their old ways. Sam examines how this can be overcome by involving teams in the strategic process and considers the positive outcomes to be gained by starting with engagement workshops.
Taking people out of the business to work on strategy can be seen as counter-intuitive. With a challenge to rethink productivity Sam delves into the integration of strategy and planning, with performance metrics such as KPIs and performance reviews. She explains how establishing less formal Rules of Play can engage teams, by connecting their position descriptions to the Strategy, leading to a greater understanding across the business and entrenching common values in the culture.
What we cover in this episode
Saving time by empowering your people
Why we get frustrated with strategy and how to move forward
How strategy links back to Performance metrics
What are the Rules of Play
Rethinking productivity
Critical steps in including staff in strategy development
Quotes
“We as leaders sometimes forget that we have a team of people and customers too that really want to be empowered and help us develop”
“By empowering your team, you’re not only getting engagement in your strategy, you’re getting help”
“Budget is hooked to KPIs, strategy and values are hooked into performance reviews and position descriptions. We don’t take people on the journey”
“The more you trust and empower the people you work with, the more engaged they will be”
“We want to give them the tools so that they can be very creative, and produce what their roles and positions are, rather than just doing the job”
“It starts bringing your teams together as an holistic business that does go all the way through your business to financial statements, and all your people start to understand the mechanics and levers”
Links mentioned
Episode 64: Channeling Human Energy to Drive Capacity
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