Failing to transform your business? | Issue #218
The seven main reasons businesses fail to transform
Here’s a scenario. You’re the CEO of a business that’s hit a wall. The excitement of your start-up days is a distant memory. As your business has grown, you’ve realised it needs to change. But every time you try to transform, your initiatives fail. Why is this?
I’m here to tell you we see it all the time. We work with clients, large and small, who are all facing similar challenges to yours. As they grow, there are transitions they need to navigate. And they’re not easy.
As I reflect on my experience scaling three businesses, I think about where things went wrong and the lessons I learned along the way. What could we have done differently? Was there a different set of metrics that would have driven the change we wanted? Or could we have approached the problem differently? This and my coaching experience have taught me seven reasons businesses fail to transform.
How Human Connection Can Help A Business Achieve Excellence With Tom Peters
The success of a company is measured by the happiness of its employees. And that applies to any industry. Improving employee happiness in the workplace is an essential change a company can make to be successful, yet it is often overlooked.
Today, on The Melting Pot, we learned from Tom Peters, a business management pioneer and co-author of In Search Of Excellence –recognised as one of the most influential books about business practices. Through this work, Tom’s ultimate goal was to motivate business owners and entrepreneurs to focus more on their employees and how their happiness directly affects productivity and to discover their products through the eyes of their customers.
In this fascinating episode, Tom shares the story behind his well-known bestseller, the legacy that leaders should focus on leaving behind, and his views on women as business leaders, remote leadership and building excellent culture in this WFH era. Listen and download today.
Recommended Podcasts
Scaling Up Business is all about how a few companies make it…and why the rest don’t. We’ll share practical tools and techniques for building an industry-dominating business. These approaches have been honed over three decades of advising tens of thousands of CEOs and executives and helping them navigate the increasing complexities that come with scaling up a venture.
Recommended Articles
Transformational leaders are exceptional communicators. In this piece, the author outlines four communication strategies to help motivate and inspire your team: 1) Use short words to talk about hard things. 2) Choose sticky metaphors to reinforce key concepts. 3) Humanize data to create value. 4). Make mission your mantra to align teams.
Coordinating Hybrid Work Schedules — 5 Important Findings
Remote work flexibility seems to be quickly becoming a permanent feature of the workweek for most employees working remote-capable jobs, as nine in 10 prefer some degree of long-term remote flexibility going forward and nearly eight in 10 expect it from their employer going forward. Given this transformation in where and how remote-capable employees work, the next big concern becomes how to best coordinate hybrid work schedules with employees who are dividing their time between remote work settings and the office.
The Core Value that Almost Every Single Company Forgets
A fabulous retelling of the Rackspace rise and fall by Lorenzo Gomez. This piece is on the core value they lacked and the one every company should copy.
Recommended Reads
Tom Peters’ Compact Guide to Excellence
Tom Peters’ Compact Guide to Excellence (IdeaPress Publishing) is full of inspiration for anyone aged 20 to 80, from cashiers to CEOs. Legendary best-selling business author Tom Peters partnered with the iconic designer Nancye Green of Donovan/Green to create this guidebook for leaders in the workplace. Peters and Green have packed this strikingly designed little book with exhilarating quotes that will urge you to recognize what truly matters at work. Over the decades, Peters has gathered these gems of wisdom from those who have been down in the trenches creating extraordinary places to work. Green has wrought the most accessible and captivating way to absorb that wisdom.
Quote of the week
“In failed transformations, you often find plenty of plans and directives and programs, but no vision.”
John P. Kotter
Dominic Monkhouse
Dominic offers business coaching and management development, strategy planning and organisational change, using tried and tested methods to launch your organisation onto an unparalleled growth trajectory. His programme is a function of his broad experience, his deep expertise and a proven process used by over 2,700 firms worldwide.