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What's the plan? Have we got one? Key questions to ask when reviewing your strategy

Mitchell Phoenix - Tuesday, May 01, 2012

We say that preparation is 90% of success. Strategy planning is the most important element of preparation in business. Decisions made here create the domino effect for everything that follows and are the central influence our ability to secure the future. 

The following questions are designed to prompt reflection on the influence strategy has on the way your business operates:



  • Who creates your strategy?
  • Where is it?
  • What does it look like?
  • How would you get your hands on it?
  • What can you do with it once it is in your hands?
  • Who uses it and how often?
  • How do you differentiate your strategy from your business plan?
  • When is it communicated?
  • What are the channels and media used?
  • Which levels of the organization have a strategic view?
  • Which measurements directly reflect strategy in action?
  • How does leadership use strategy to influence management?
  • How many of your day-to-day decisions are informed by the strategy?

A 2010 survey at McKinsey highlighted senior executive concern over unclear strategy and conflicting objectives in their organizations. Findings revealed challenges around confidently making decisions, effectively allocating resources and communicating clear direction. 


Consulting our strategy is like checking the bearings on our business compass. It should be part of our corporate discipline and treated as the basis for securing the future. 


Strategy - The Fine Margins Between Success and Failure

Mitchell Phoenix - Monday, February 20, 2012

2012 is an Olympics year. Every competitor will have trained hard, worked on their mental fortitude and made sacrifices. The gold medalists will separate themselves by a millisecond, a centimeter, a point. Such are the fine margins of victory. Where will those victories be won? In the preparation.

2012 will also be a challenging year for many businesses. Continuing economic uncertainty and slow growth will ask questions of every organization's existing strategy. 

Customers will be key to maintaining momentum. Understanding the impact of the financial crisis on their behavior and their decisions will be crucial: how do we retain them, work with them and find new customers in such a testing environment? Here too the answer lies in the quality of our preparation: how well our strategy is constructed and executed. 

In both the sporting and the business worlds, attention to detail creates success and that success may be secured by a fine margin. Just one detail can be the difference between winning and losing, making a profit or a loss. The quality of our strategy and how well we build it into the day-to-day execution of the business will determine how fully we master those crucial details.

Over the course of this year we will bring you a series of short articles exploring the role of strategy and its relationship with results, reputation, engagement, responsiveness, creativity, efficiency, sustainability and purpose: Securing the Future.

Best wishes

James Donnelly
Managing Director, Mitchell Phoenix USA

click here to see our Winter Newsletter

Communicating Strategy and Vision is the Number One Communication Priority for Leaders

Mitchell Phoenix - Thursday, January 19, 2012

For those of you who have not seen them in our newsletter, here are James Donnelly's thoughts on the year ahead...

“Christmas is coming, the geese are getting fat

Please put a penny in the old man's hat

If you haven't got a penny, a ha'penny will do

If you haven't got a ha'penny, then God bless you!”

The holiday season is upon us and it's a time for good cheer. People have worked hard in 2011 during some of the toughest economic conditions in history. Despite all the endeavour, how many businesses have a ha’penny to show for it?

Leadership is only needed when times are tough and the main challenge in a period of uncertainty is to stay connected with strategy. Difficult market conditions easily send companies into reactive mode. In an HBR article from 2008, “Can you say what your strategy is?”, its findings revealed that most executives cannot articulate the objective, scope, and advantage of their business in a simple statement. How can anyone lead with purpose without a concrete fix on the future?

Communicating strategy and vision is the number one communication priority for leaders. Every decision and action should come from them and relate back to them. Context and reference to high level guidelines make a substantial difference to people’s ability to deal with pressure and change. Too many businesses have lofty statements and aspirations for the future that leave too wide a gap in communicating what is meant at a functional and personal level. Competitive difference comes from the precision of an organization’s thinking through an empowered workforce absolutely clear of its purpose.

While 2012 will be equally challenging for business, the opportunity for leaders to boost confidence and strengthen resolve lies in engaging the organization in articulating core focus beyond cost saving and preserving margins. The challenge is to transform prudent management practice into future focused, growth oriented, creative precision thinking. This will involve every level of an organisation becoming more connected with their customers and their raison d’etre.

The process of reconnecting with purpose is hugely satisfying and rewarding for all involved. A great way to kick off the New Year.

If we didn’t have a ha’penny this year then as Tiny Tim said, "God bless us every one!" Here’s to having a penny to put into the old man’s hat next Christmas. Happy Holidays to all.

Best wishes
James Donnelly
Managing Director, Mitchell Phoenix USA

The Real Link Between Learning and Behaviour

Mitchell Phoenix - Friday, November 25, 2011

How to Choose a Leadership and Management Development Provider - Part 2

Last week we explored training providers which deliver at Level 1 - Favourable Reaction. This week we focus on providers who deliver Learning.


2. Learning

What are the results reported by providers at this level?

1. A needs assessment is carried out, where delegates are tested to find out what they already know and don’t know. Training is delivered, and delegates are retested on what they now know. The result is shown in the difference between what they know now compared to what they knew before.

2. A certificate is often awarded to show that delegates now know more than they knew before. Where the certificate is deemed to be a useful addition to the delegate’s CV (eg an MBA), it is often the securing of this certificate that is held to be the most important result of the training programme.

Training that is focused predominantly on learning varies widely, from an MBA at a prominent business school to a one day Personality Type session run in a kitchen. What is learned can range from the latest, most complex process improvement models to the fact that one member of the department is less detail-oriented than another.

Clues that providers operate at this level:

  • Testimonials focus on how much the trainer knows, on what the delegate now knows, or on all the useful tips and tricks the delegate picked up
  • Promotion focuses on participants’ intentions to put what they learned into practice, rather than what they did differently back in the workplace
  • Marketing focuses on the heritage / prestige of the institution
  • Advertising will focus on how programmes kick-started careers through contacts made on programs, or once delegates were able to put the qualification on their CV

Why are the types of offerings described above only listed as the second in a hierarchy of four types of training? Why would a learning and development manager look for a programme that delivers anything more than learning? Leadership and management training which focuses primarily on learning often does not deliver development.  

How can this be? Consider these two questions:

1. “If a change is going to be unpopular with your subordinates, you should proceed slowly to gain acceptance.” Agree / Disagree

2. “If you are promoted to a management job, you should make it different than it was under your predecessor.” Agree / Disagree

What would you answer? Click to find out how these questions point to the gap between learning and development



How to choose a Leadership and Management Development Provider - Part 1

Mitchell Phoenix - Friday, November 18, 2011

Last month we put forward the idea that Leadership and Management Development Providers will create results at one of four levels:

  1. Favourable Reaction
  2. Learning
  3. Short Term Behavioural Change
  4. Long Term Behavioural Change

(Read more about this here)

How can you quickly discern at which of these four levels a potential provider will deliver? After all, as one of our clients famously said, “everyone out there will tell you they can do everything, but they can’t.”

1. Favourable Reaction

Clues that training companies primarily operate at Level 1 include:

  • Testimonials focus on the trainer – how much fun, how inspirational, how dynamic, how interesting he/she was
  • Little concrete evidence of results in the workplace – the result is that people attended the training and were not upset or bored by it 
  • Training often woven into other fun activities, such as actors’ games, cooking, assault courses
  • Business promotion reflects testimonials: people have a good time – all course days rated good to excellent, etc.
  • Companies use associates – the key skill required is to be able to hold the interest of a group of executives for a day, or two days. Full time employees with deep knowledge of in-house content and approach are not required; in this case, associates hired on a daily rate will be able to fulfil the brief.

Click for a fuller discussion of Favourable Reaction as a Result of Leadership and Management Training


"Decisive Leadership - Effective Decision Making for Management Accountants" Published in CIMA's Financial Management Magazine

Mitchell Phoenix - Monday, November 14, 2011









If you missed it, "Decisive Leadership - Effective Decision Making for Management Accountants" was published in September's edition of CIMA's Financial Management magazine.

This is a step by step action plan for Management Accountants who want to exert a stronger influence on their business in the next 3 months.

Click to read Decisive Leadership for Management Accountants


The Principles Underpinning Mitchell Phoenix' Approach

Mitchell Phoenix - Thursday, November 10, 2011


Over 20 years of client work, Mitchell Phoenix' approach has been constantly refined in the pursuit of a single goal: the creation of results in the client's business. This principle is the foundation on which our programs are built, and it is in the light of this principle that all other decisions about course content and structure are taken. 

But once the overarching purpose is established, what other principles are invoked to ensure every course produces real, practical results? Click to read how we build leadership and management training.



The Truth About Management Training - What a Return on Investment Really Looks Like

Mitchell Phoenix - Thursday, November 03, 2011







Here is an example of real ROI:

Communicating a Challenging Decision and Retaining Commitment


A manager had to run a difficult bonus review meeting with one of her direct reports. Under previous arrangements, put in place when the company was much smaller, the direct report only had to satisfy some basic requirements in order to qualify for his bonus. The manager wanted to change this situation, and link the direct report’s bonus to target achievement. Mindful that this was likely to be unpopular, the manager booked out a whole morning for the meeting in which she was going to broach this subject.

 

Using concepts developed on the Foundations of Management Program, the manager first agreed with her direct report that bonuses should be based on performance. This done, they worked together to create a set of objectives for the coming year relating to a particularly important aspect of the direct report’s role. With the objectives agreed, the manager told the direct report that his bonus for the coming year would be dependent on the achievement of the objectives they had just created. After a short discussion, the direct report agreed to this and they set a follow up meeting to monitor progress towards the achievement of the first objective. 

 

The manager felt in complete control in the meeting, and concluded it in 20 minutes, leaving a whole morning free for other work. She later reported that it was completely successful in terms of creating motivation in the direct report and securing agreement to a difficult decision.


c. 8-10 of these per delegate x 8 delegates = c. 70 results = real ROI from a management training program



… and what is a waste of money:


As mentioned in a previous post, the management training industry has created a smokescreen around what is a real result and what isn’t. The examples below are regularly proffered as ROI, when in fact all could be achieved much more cheaply through other means:


1. Everyone actually attended the course – (the only requirements here are physical presence in the seminar room and a pulse, it is a rare delegate who cannot manage either of these. Cheaper alternative = organise a meeting, see who turns up)


2. Everyone enjoyed themselves – (cheaper options = pub, crazy golf, day off…)


3. Everyone found things out about themselves (without action in the workplace to build on this, cheaper alternatives = horoscopes + star signs, drunken post pub truth-telling sessions, books)


4. Everyone left with an action plan for how they are going to implement what they learned back in the workplace (alternatives = your last set of new year’s resolutions)


5. Everyone enjoyed the facilities on their residential course (most residential courses are hotels that use training to hook people in. Cheaper alternative = book a week in a better hotel, leave out the “training”)



New Case Study: Leadership Development with Alderley Dubai

Mitchell Phoenix - Monday, October 31, 2011


In 2010 - 11 Mitchell Phoenix have been working closely with Alderley Dubai, running bespoke in-house programs for senior and fast track managers both in the UK and Dubai. 




"Alderley has undergone a program of substantial organizational change as part of its growth strategy in an increasingly complex and competitive marketplace. Central to that change is its human resources as Alderley recognizes that the quality and attitude of its people directly impacts on the customer experience and the bottom line. The Mitchell Phoenix Governing Change Program was a key element of our development process that has equipped our management team with new leadership and organizational skills as well as a common operating framework that has made a significant contribution to our success and optimism for the future.  Without exception, all participants feel more confident, able and effective as a consequence of the Program." 

Nick Hull, Managing Director, Alderley Dubai


“The management team of Alderley Dubai were especially rewarding to work with. Their enthusiasm, diligence and application of ideas created the results that Nick and the senior team envisaged. In addition they made use of all the available strategies in Mitchell Phoenix projects, supporting each other, building team results and spurring each other on to deliver the maximum - a great group of people!” 
Kevin Yates, Managing Director, Mitchell Phoenix


Click here to read the case study


The Impact of Organizational Culture on Performance - the importance of senior level leadership development

Mitchell Phoenix - Friday, October 28, 2011


If one defines organizational culture as the collective values and behaviors of every individual within a business, what influence does this have on overall performance?

When we overlay culture, whatever form it may take, onto strategy, leadership, communication, customer focus, continuous improvement and sustainability, to name but a few core business competencies, we can immediately sense the influence that culture will have on output. Organizational culture will determine levels of efficiency, teamwork, quality, speed of decision making, employee engagement, innovation and reputation. It will block or embrace change, it will build legacy or stagnate, it will inspire or depress. Ultimately it drives the results.

How much attention does business pay to organizational culture? What connections does it make to some of the symptoms of a strong or weak culture?

When any organization examines its levels of employee churn, absenteeism, sick leave, internal promotions, overtime, its value of appraisal, effectiveness of meetings, its customer relationships, the willingness of its workforce to contribute freely, it can gain a measure of how healthy its culture is. How does any business ensure a healthy culture?

There is a clue for all of us in the purpose of management, which is ‘to secure the future’. A healthy culture is a leadership responsibility. When we hear about setting a good example it is actually about exhibiting the culture of the business. Feedback, good and bad, is indicative of what is important to the organization. If the strategic outlook is customer focused or bottom-line oriented it will drive out decisions and actions accordingly. Culture can be built with consistent management style, common language, shared best-practice and guiding principles. Any company can achieve a strong platform for growth if it invests in it and has the buy-in of senior executives.

Rockerfeller once said that he would pay ten times the salary to someone who could influence people who were smarter than they were. That is the importance he placed on being able to influence. Culture is influence over the ability to deliver strategy through people and it is vital.

What is the impact of organizational culture on performance? Whatever you decide.


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