59. 3 Challenges Every Growing Company Faces
What’s Inside
The Challenges
The Solutions
June Leadership Offsite
1. The Challenges
The bigger your company becomes, the harder it is to keep everyone on the same page.
Across clients, I see the same growth-related challenges.
Lack of Strategic Alignment: Leadership has either 1) not clearly defined the company's direction or 2) they have & it is not written down or well understood beyond the CEO or a small handful of senior leaders.
Unclear Roles & Responsibilities: People want to do their best but don't understand what leadership expects, how their role differs from other team members, and who is ultimately accountable for results.
Inconsistent Communication: Team meetings are inconsistent, often without agendas. Communications are haphazard and leaders lack a clear understanding of how their teams best share & absorb information.
There comes a time when every growing company faces these challenges.
The complexities of growth outpace what the CEO or start-up team can provide on a 1:1 basis.
What got you here, won't get you there.
So, let's talk about solutions....
2. The Solutions
The problems may be complex but the solutions are not. They do, however, take dedicated focus and the commitment to effectively implement.
Strategic Alignment: Develop your NorthStar that everyone understands and can communicate - to include a shared Vision, Mission, Values, & Priorities. Drive where your company is going and why.
Clear Roles & Responsibilities: Establish an organizational chart with clearly defined roles & responsibilities to provide accountability, clarify expectations, designate decision making authority, create efficiency, and foster collaboration.
Consistent Communication: Create a consistent meeting cadence to share information (with agendas!) and clear, concise, and consistent written, spoken, & visual communications. Understand your communication style and the style of others - to include how team members share and receive information.
Schedule a call today for help with your company's growth.
3. June Leadership Offsite
Last month, I teamed up with Lisa Shea-Mundt of The Pulse of GovCon to deliver a 2-day leadership offsite for a rapidly growing professional services government contractor.
Lisa and her team focus on federal growth opportunities, while I bring the overarching organizational strategy. It’s the best of both worlds.
Here's a glimpse of some of the activities we covered:
Strategic Alignment
Conducted a SWOT Analysis (Strengths, Weaknesses, Opportunities, and Threats).
Created their NorthStar with defined Vision, Mission, Values, & Priorities.
Roles & Responsibilities
Reviewed the pros & cons of 4 main types of organizational structures
Clarified roles & responsibilities to refine their org chart
Consistent and Effective Communication:
Reviewed results of a pre-offsite survey to discuss pain points
Conducted a DISC assessment to improve cross-team communication
Aligning for Growth
Assessed the total addressable market
Created a vendor profile that attracts the right clients
Focused business development on priority markets
Aligned marketing with overall growth strategy
Interested in an offsite like this for your company?
Schedule a call today for help with your company's Leadership Offsite.
4. Ways to Work Together This Year
Here are some ways we can partner.
Leadership Offsite: One or two-day offsite to define your growth strategy & priorities, clarify roles & responsibilities, and improve your team's communication. (Learn More)
Strategy Power Hour: 60-min virtual session to tackle a specific challenge your business is facing. (Schedule)
1:1 Private Strategic Advisor: Develop long-term vision & near-term priorities and goals. Meet 2x/month during 1-hr virtual sessions. (Learn More)
VIP Strategy Session for Growth: Virtual half-day session to leverage your expertise for growth. Develop North Star with your go-to market plan. (Learn More)
As always, thanks for reading.
To your strategic success,
Susan
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