21 Nov
2010
On this blog I talk about topics related to what I feel are the 3 imperatives to managing a modern business
- Organizational agility
- Creativity through intrinsic motivation
- Customer development
What does it mean to be a modern business? It's a new world out there and It means you deal with the following:
- The term Global can pretty much apply to any company now
- Disruption is happening all around you
- Wicked Problems are common
- Chaotic environments are normal
- The nature of employment is changing
- Intersectional Innovation blurs industry lines traditional business models
Your organization needs to match the relative stability of the environment you operate in. Change is nothing new. The Greek philosopher Heraclitus of Ephesus (535 - 475 BC) said The only Constant is Change. However what is happening to rock people's worlds is the pace of change.
This weekend I came across this manifesto in the most recent issue of ChangeThis written by Allan Lewis, Chairman of Grand Circle Corporation, the largest U.S. direct market tour operator of international vacations for older Americans. This manifesto summarizes Allan's learning's from being in an unstable environment. It is titled Change is the New Constant. It speaks to 5 key lessons learned by the organization, which map back very well to 2 of the 3 imperatives I list above (organizational agility, creativity through intrinsic motivation):
1. Flexibility trumps Efficiency
2. Mission and Vision creates Inspiration
- For a company to be adaptable and flexible, its associates must understand and be committed to its mission and vision. To achieve that commitment requires a compelling mission and vision; people will not commit emotionally to a mission that is only about achieving greater profit or growing sales.
3. Values, not Structures, drive effective organizations
- In uncertain environments, decisions are guided by values, not structures. If those values are not in place the wrong decisions will be made.
4. Investments in People and Learning create Advantage
- Structures and systems cannot adapt rapidly enough to unpredictable events. People can. Effective investment in people can create huge leverage and competitive advantages. In changing times investments in developing people are the most valuable.
5. Relentless measurement of Excellence is essential
- If you have a vision and mission you believe in, you must evaluate your people against them all the time, no matter how much you admire their energy or reputation, and no matter how much money they are bringing in. If you don’t, you will live to regret it.
It's worth the 20 minute read!