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Business Results - Four Critical Success Factors

May 29th, 2008 by admin

Scenario One

During a recent presentation, a business owner was given the following challenge. If 10 of his 100 employees were asked to name the top 3 organizational goals for the current year as they perceived them to be, would he receive the same 3 goals from everyone or would he receive 5, 10 or even 25 different goals? The business owner shook his head and thoughtfully responded, “No, I am sure that I would receive more than 3 goals.” He was then asked to consider what these misdirected actions from his employees were costing him in terms of missed opportunities.

Scenario Two

At another presentation, a business owner was asked if she set goals? She responded quite enthusiastically, “Of course, I set goals.” She was asked a follow-up question: “Can you state with 100% conviction that your employees know how to consistently achieve both their personal and professional goals?” After a few moments, she replied “No.” She was then asked how this lack of knowledge potentially affected her bottom line?

Scenario Three

A president of a company was asked: “Have you ever seen behavior inconsistent with your strategic plan?” He quickly answered “Yes!” A second question was asked, “What did you do about it?” “Well, we sent them to training and within 6 months we had to send them back again?” A new question was then posed to the President. “Are these performance failures a result of a lack of knowledge or skills or due to poor attitudes and habits?” The president immediately said “Why bad attitudes and poor habits.” Again, the facilitator asked another question: “What are all these re-do’s costing your company?”

Scenario Four

During the annual meeting, the CEO of a manufacturing company informed her executive team that she wanted to achieve a 10% growth during the next 12 months. The VP of Operations made plans to purchase new manufacturing equipment for some new products while the VP of Marketing & Sales began to implement a plan selling existing products. The CFO decided to cut budgets to capital improvements and marketing. All three executive team members believed that their actions would help achieve the 10% growth.

These scenarios shared four critical success factors (CSF’s) that impede all organizations from achieving consistent results: communication, goal setting and goal achievement skills, attitudes and alignment.

Critical Factor #1: Communication is the key to unlocking the potential within businesses as well as individuals. When the goals are in alignment with the vision and consistently communicated from top down, then performance excellence is much more likely to happen. Inconsistent communication contributes to missed targets and lowers the performance for the entire organization.

Critical Factor #2: Goal setting and goal achievement are learned skills. Unfortunately, many presume that these skills are acquired during the K-12 educational experiences through the “Osmosis Process.” Also, these skills are not actively taught in the corporate setting. Yet, consistent goal achievement or the results are what every organization seeks.

Critical Factor #3: Attitudes drive behaviors that result in change. Many companies focus on trying to change negative behaviors because they are experiencing negative change. However, when the negative attitudes are replaced with positive attitudes, those attitudes will drive positive behaviors creating positive change. By failing to address negative attitudes, new trends, changes or initiatives, the result is wasted resources creating a negative drain on the “KASH Box.”

Critical Factor #4: Alignment is necessary to ensure that the desired results are achieved. Performance excellence happens when the strategies, systems and people are working together to build loyal internal customers that drive loyal external customers. The much heard adage about “Getting everyone to row in the same direction” is true, but probably should be amended to include the following “by using the same paddles.”

When these four CSF’s work together, results happen quicker and create a culture of working “smarter and not harder.” The following questions may help you to achieve the consistent results that you desire as you work your strategic plan:

1. Do I know with 100% accuracy that every employee can clearly articulate the top 3 goals for the organizations?

2. Does every person within the organization consistently sets and achieves all of his or her personal and professional goals?

3. Does everyone within the organization at ALL times consistently demonstrate positive attitudes?

4. Are the strategies, systems and people in alignment to build loyal internal customers?

Leanne Hoagland-Smith, M.S. President of ADVANCED SYSTEMS, is the Process Specialist. With over 25 years of business and education experience, she builds peace and abundance by connecting the 3P’s of Passion, Purpose and Performance through process improvement. Her ROI driven process solutions affect sustainable change in 4 key areas: financials, leadership, relationships and growth & innovation with a variety of industries. She aligns the strategies, systems and people to develop loyal internal customers that lead to external customers. As co-author of M.A.G.I.C.A.L. Potential:Living an Amazing Life Beyond Purpose to Achievement due for June 2005 release, Leanne speaks nationally to a variety of audiences. Please call Leanne a call at 219.759.5601 or email leanne@processspecialist.com if you are seeking amazing results.

Copyright 2005 Leanne Hoagland-Smith, http://www.processspecialist.com

Permission to publish this article, electronically or in print, as long as the bylines are included, with a live link, and the article is not changed in any way (grammatical corrections accepted).

Posted in Hall Of Management | Comments Off

Create Residual Income with Little Effort

May 29th, 2008 by admin

Going into business is an exciting venture that lets you be the boss. When you are your own boss, you get to decide what the company’s priorities are.

You get to let yourself go home in time to see your kids play soccer or to help do homework at night. When you are the boss and things are not going well, you can implement your own new ideas. Going into business can be an exciting time for you and your family, as you try new things and watch your risk pay off in increased expendable income and increased time during which to enjoy it. Why not optimize your new venture to create residual income with little effort. The strategy is simple and the pay off is large.

Residual income is income you can count on long term. Usually monthly, this money comes in with little effort from you once the payments are secured. When you are first considering going into business for yourself, lend thought to residual income and how you can create the most opportunities to bring in this kind of easy cash flow. Online network marketing businesses offer two-fold opportunities for residual income. The first, people will pay you monthly for the services you offer.

Take, for example, web hosting as a perfect illustration. With a web hosting service, people will pay you every month to host their web site and to provide them with technical support and answers. This money requires your attention for billing purposes, but is yours once the contract is achieved. When you offer any service people need and want already, you increase the likely hood that these people will bring their business to you. Selling products people want and need is the best way to ensure people will buy your products.

Another advantage to online marketing businesses are the chances you have to become affiliates of other companies. There are many online services that you may choose to subscribe t yourself because of the help and technical tools they can provide you to make your business run more smoothly. When you subscribe to services such as Kiosk for web hosting, or GetResponse and Aweber for autoresponding, you not only benefit from their excellent businesses and products, but they offer you an opportunity to earn back any money you spend to subscribe to their service as well as residual income.

When you become an affiliate to one of these services, you will simply promote their service on your website. This promotion can be as simple as putting the company’s banner on your site. When people check out their web site from yours, and when people you refer sign up to become their client, you receive part of their monthly fee, and continue to for as long as the person is with the service. In this way, Aweber and Kiosk pay you to tell other people what a good job they are doing for you. Aweber and Kiosk do not want to compromise your integrity with the affiliate program. They want you to mean every compliment you bestow on them. To earn your confidence and business partnership through their affiliate program, these companies offer special incentives to their affiliates.

You will have access to many tools that will optimize your web site, accent your business, and help you stay up to the moment on the money you are making.

This tracking software is unique to these kinds of programs, and can take the guess work out of running your business. This software helps you to track the number of people who visit their site from a link on your web site. This software allows to you see how much money you are making when these people subscribe to their site. This residual income comes to you for very little effort and takes virtually no maintenance. What could your business do with a little extra cash each month? What could your family do?

Don’t work over time or spend too many hours away from your family. Become an affiliate today and watch residual income pile up at your door.

Dassana Jayalath is the author of WebSuperTips newsletter. Visit WebSuperTips to download Free Reports, Scripts and Programs for your Internet Home Business

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