The value of your executive team can be measured by your organization’s success. However too often this team’s valuable time is wasted on low-impact, low-value tasks that take away from its ability to perform at its true potential.
These are your key leaders, your top problem solvers and your core visionaries. Together as a group they have the ability to drive your company towards transformative growth. Organizations with high-performing leadership teams are far more likely to get ahead of the competition and enjoy breakout success.
For powerful results, here’s where your executive team should be focusing their time, skills and expertise:
Strategic planning sets the direction for your company. It defines priorities, directs focus and resources, outlines common goals and ensures that you’re responding effectively to the ever-changing market environment. Fundamentally, it ensures your company can meet the needs of tomorrow with confidence and effectiveness.
Your executive team’s core focus should be on strategic planning – developing a vision for what comes next, how to execute the next step, and how to measure its success. Without this, your company may stall, stagnate, or miss opportunities for growth.
Great companies are built around shared beliefs, goals and ways of working – a shared culture. As visible, influential leaders, your executive team is powerfully positioned to shape and communicate your company culture. They can model valued behaviors, promote and clarify the company vision, and identify areas where change can be leveraged through leadership or organizational change.
Purposeful leadership has a ripple effect throughout a company. It creates the conditions needed for success at all levels. Furthermore, an executive team that actively, cohesively demonstrates company values will encourage buy-in from staff – and shape a culture of high achievement now and in the future.
Execution planning takes your strategic thinking and leadership and transforms it into actionable outcomes. It’s your company’s roadmap for monitoring what’s to be achieved, how and by whom – effectively, your “doing” plan, or what your non-executives will be working on while your leadership team focuses on the next iterations of your strategic plan.
Execution planning is also a litmus test for ensuring that your strategies are attainable, or whether adjustments are needed. A strategy that only works on paper won’t take you where you need to go – and it identifies a disconnect between leadership vision and execution.
Too many companies have strategies but no execution plan; others have plans that can’t be tracked or monitored. Rise above the rest and ensure that your strategy can be both implemented and measured.
Questions to consider:
- How much time per month does your leadership team allocate to strategic planning?
- How does your executive team communicate your company’s vision, goals and processes?
- What processes do you have in place to transform strategy into action?
Learn more about leading high performing teams at our upcoming FREE webinar scheduled for February 28th from 11:30am to 12:30pm CST.