Objective or task? Do you know the difference?
Objectives vs Tasks – Why Knowing The Difference Will Lead To Growth
You’ve got a problem. Something needs fixing in your business. Maybe you’re losing margin to a competitor or there’s a service issue that’s hitting customer retention. What’s your first reaction? ‘We need to do something – fast’. Before you know it, you’re focusing on individual tasks. And by doing that, missing the bigger picture.
There’s a big difference between objectives/OKRs and tasks. And it’s not always clear. A good OKR is always about the problem statement – what you’re trying to achieve. It takes time to work out the outcome you’re aiming for and why you need to do it. Once you’ve found the right objective, you can roll it down to your teams. It’s up to them to work out the who, what and when of individual tasks. Set them the objective, not the key results. Then they can take responsibility for making meaningful progress over the next 90 days.
Getting clear on this difference has the potential to transform your business. As CEO, you can move from being a task-master to a true leader. And you’ll find motivation and productivity levels will rise as a result.
How to Thrive in a Disruptive World with Gerry Valentine
If you’re struggling with resilience, if you or your business is going through change, then don’t miss public speaker, executive coach, business advisor, and founder of Vision Executive Coaching, Gerry Valentine, on this week’s The Melting Pot.
Gerry has written a great book called The Thriving Mindset, a book that is part autobiography and part tool set design and delivery.
Gerry grew up as a gay man in Brooklyn in the 1970s, and the adversity of his upbringing gave him the resilience he needed to succeed in the corporate world. And succeed he did.
Today we talk about how the chances of him being where he is today were about 6% – a sad statistic that is as true in 2021 as it was in 1970. Gerry is a very humble man with a thriving mindset – a term he uses to teach others how to cope with uncertainty and change.
Gerry also talks about why we get fearful, and how we can learn to not run away from the problem, how to take fear, look it in the eye and work out what could be on the other side of this disruption, and how to have the mindset to push through.
This is a really interesting conversation with some of the most diverse book suggestions of recent guests. A truly fantastic conversation with Gerry, we really enjoyed it. We’re sure you will too.
The Millionaire Mindcast is a show that focuses on all things mindset, money, and motivation to help aspiring millionaires from all walks of life increase their income, impact and influence. I’m Matt Aitchison – a 7-figure real estate investor, millennial entrepreneur, speaker and educator – and every Monday I interview a badass millionaire or thought leader who is living the “Whole Life Millionaire” lifestyle and taking their wealth far beyond what dollars can buy. Join me each week for new insights as you march toward that million dollar milestone and design your dream life. It’s time to define what true wealth means to you, make your money matter, and unleash your millionaire within.
Even if you feel you have your staff meetings down to a science, you may still struggle with keeping your employees engaged, informed and focused on the company’s goals. One of the biggest challenges in business today isn’t planning or even strategy; it’s the ability to execute company goals. Why? Many companies fail to consistently and openly discuss their wins and losses.
Nano Tools for Leaders® — a collaboration between Wharton Executive Education and Wharton’s Center for Leadership and Change Management — are fast, effective leadership tools that you can learn and start using in less than 15 minutes, with the potential to significantly impact your success as a leader and the engagement and productivity of the people you lead.
Our Guest on Episode 20 of Business Breakfast TV is Alastair Dryburgh on “This Is Not A Recession”
If you’re going to make any significant change in an organization, you have to deal with the organizational culture. Because as Peter Drucker famously said, Culture eats strategy for breakfast. But there can be a big difference between the official culture as described in the company handbook and how work really gets done. This book, written by a unique team of two culture-change experts and a business anthropologist, is about solving this culture puzzle. The authors describe the four forces that shape every organization’s–or, as they put it, every tribe’s–culture, from hunter-gatherers in the Amazon to corporate executives at Amazon. Interest: what the organization does to fulfil members’ needs and earn their loyalty. Habit: which behaviours and ideas constitute the way we do things around here. Vision: where the organization came from and where it’s going; and Innovation: how the organization adapts and changes. The authors provide detailed advice and analytic tools for understanding and strengthening these four forces in your organization, and for using that understanding to move your organization forward.
For decades, leaders forced their organizations to look like a pyramid, with all authority flowing from the top. That didn’t work. Next, experts told leaders to adopt “bottom-up” leadership. But that’s not working either. Top-down and bottom-up are the same organizational shape. And neither approach really enables innovation, collaboration, or enthusiasm. The problem is the Pyramid. A few rare leaders have seen the pyramid for the trap that it is and have learned to embrace a new shape and mindset: Constellations. Organizations designed as constellations are dynamic and flexible networks of distinct yet interwoven individuals. Each member of the team feels like a singular star and is also connected to others to form something greater. That is how Visa reimagined how we pay for things, how Wikipedia beat the richest company in the world and how Barack Obama and his grassroots team revolutionized political campaigning. These leaders did what most leaders dread – they gave away power. In this practical and personal journey, Barzun brilliantly layers lessons across history and industries with his own experiences as an internet entrepreneur, political organizer, and US ambassador to the United Kingdom and Sweden. With lessons for leaders of all types, The Power of Giving Away Power shows how the Constellation mindset shines in some of the most impactful organizations and innovations the world has ever known. And it encourages us all to recognize, as Barzun writes, “the power we can create by seeing the power in others” ― and making the leap to lead. Together.
MEANINGFUL ACTION FOR MONDAY
Get your whole company together for some fun
One of our clients, Etch, invited to us an event last week that was a major success. Some of their staff are back in the office, some aren’t. But they wanted to bring everyone together for a party. They’d rented some glamping accommodation and people pitched up with tents. After a big BBQ, they held an Olympics of fun stuff to encourage a bit of healthy competition. We got stuck in, wearing our team T-shirts! Plenty of tasty food, beer and wine went down and people chatted and re-connected. The next day, they ran an event with a series of speakers. It felt good to properly meet people we’d only ever spoken to on Zoom. After the year everyone’s had, these events feel extra special.
Quote of the week
“Nothing moves us forwards like a deadline”John Doerr
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.