Prosci ANZ’s Post

How do business leaders truly define the success of a major business initiative? In seeking to uncover this, we posed an open-ended question to senior leaders to understand their criteria for measuring and evaluating the success of their key projects. Here’s what we learned. When considering the success of major initiatives, executives today take a comprehensive view.  💰 Revenue and Profit: 22% of executives consider financial outcomes such as sales volume, profitability, and cost structure as primary indicators of success.  🥅 Goal Achievement: 19% focus on how well the organization accomplishes its predetermined strategic goals.  🥇 Quality and Efficiency: 17% prioritize the quality of the work and the efficiency of processes in achieving that quality. For change professionals, the insight is clear: effective change management must align with these executive priorities to drive holistic success. This means not only focusing on the financials but also ensuring that strategic goals are met with high-quality execution, and that the people side of change—employees and customers—is managed effectively to foster engagement and satisfaction. By doing so, we can ensure that change initiatives are truly successful on all fronts. To gain further insights into how executives view change and its management, and to understand the implications for change professionals, subscribe to Research Hub for access to the full report 23 Insights from Executives About Working With Executives. https://lnkd.in/gKmzaeCG  #prosci #changemanagement #leadership #businessoutcomes #roi #organizationalchange

Achieving Prosci certification has been great in my career. It looks at change within organizations, and enhancing the success of business initiatives. Prosci’s comprehensive approach ensures that changes are effectively implemented and contribute to the long-term success and sustainability of business strategies. #strategy #business #sustainability

In order to achieve exceptional results, we go by the 4 A’s: 🅰️ssess Agnostic on the tools, focused on the insights. We establish baselines, track progress, measure ROI, and adjust strategies as needed. 🅰️lign Align your purpose and strategy, determine measurable results, and identify the shifts needed to deliver them. We ensure alignment among leadership and teams. 🅰️ctivate Develop and track your plan, equip your champions, and communicate effectively to address any misalignments in processes and systems. 🅰️ccelerate Integrate tools, elevate accountability, strengthen business acumen, and coach leaders to upskill managers for maximum impact. Our approach is meticulously designed to drive tangible results for our clients, not only helping them achieve their immediate goals but also building the capabilities and resilience needed to excel in the long term. By combining strategic expertise with a relentless focus on execution, we can empower your organisation to unlock its full potential and drive meaningful impact. Get in touch with our team today! https://bit.ly/49Hndyu #POLC #BusinessTransformation #LeadershipDevelopment #BusinessConsulting

Business leaders, who of you ever started strong on a large-scale organizational #change AND sustained performance gains for more than 3 years? If you did, you are the 1 in 8 according to McKinsey who has put highest priority to disciplined execution over time. Here is a summary of their key critical success factors. Link to full article in the comments. 1️⃣ Maintain imple­mentation rigor from start to finish. • Model the importance of the #transformation program through active engagement and continual presence • Maintain a steady drumbeat of progress by embedding the transformation office deep into the structure of the organization • Align performance incentives with the goals of the program 2️⃣ Focus on people • Seek out your best talent for mission-critical roles—and use the transformation as an opportunity to identify and promote new talent across the organization • Use the later stages of the transformation program to lock in new #leadership, technical, and functional skills 3️⃣ Devote appropriate resources to every stage of the effort • Use strategic resourcing to maintain pace and momentum My advice on top: 💡 Fully integrate #ChangeManagement and #Communications professionals into your transformation office. They enable your best talents to create the necessary steady drumbeat of progress and help to make it heard and seen throughout the organization. 📸 pixabay

How new CEOs can balance strategy and execution This highlights the constant push-pull between strategic leadership and operations. My thoughts immediately go to the importance of having enough 'strategic space' to think and plan for both sides of the coin. Thanks for sharing Dan Smith!

One of the challenges for new CEOs is how to balance strategy and execution. Boards often assume that CEOs understand that short-term goals and execution are vital priorities, while new CEOs instead focus on vision and strategy. According to Harvard Business Review, some of the key mistakes include: - Failing to diagnose the execution weaknesses of their businesses. - Making decisions about their teams too quickly -- and often looking for people that are similar to themselves. - Neglecting relationships with the execution side of the business. - Failing to develop a coherent, efficient strategy deployment process while maintaining execution excellence. The key to success is balancing key phases of strategy and execution over specific timeframes ie. first 90 days, next 90 days and following 180 days to develop a plan for success over the first 12 months in the role. Companies will need to drive short-term results while also rethinking strategy amid seismic shifts in competitive environments and new ways of working. For the full article and more detail on the three phases, check out the full article via the link below in the first comment. ------------------------- If you want a proven plan to attract the top Executive leadership or Board talent to help you deliver on your goals during the next quarter, then drop me a private message or email at [email protected] #leadership #executivesearch

Successful corporate transformations hinge on six key principles, as outlined by Bain & Company. First, transformations should be continuous, not time-bound, enabling companies to thrive amid constant change. Second, they should align with the corporate operating rhythm, integrating change efforts into daily business operations. Third, managing organizational energy is crucial. Fourth, focusing on aspiration over targets fosters breakthrough thinking. Fifth, empowering midlevel executives accelerates change. Lastly, securing external funding can provide the necessary resources for impactful change. How can your organization incorporate these principles to drive continuous and effective transformation? #leadership #management #transformation

A question to CEOs and business leaders: Is poor collaboration and coordination between your functional units causing your strategy to fail? For an organisational strategy to be successful, it must be well executed across various organisational units. Various functional units, units such as Sales, Marketing, Engineering etc. must collaborate and coordinate effectively and efficiently for strategy to be realised. This does not come without its challenges. Functional leaders often protect their fiefdoms and struggle to collaborate. If friction exists between business units, then the activities that require cross-functional collaboration struggle to get off the ground. This delays the business strategy at best and derails it at worst. Although there can be a plethora of reasons that cause a failed business strategy, collaboration and coordination between functional units is a major one. I urge business leadership to keep an eye on this factor. Even the most refined of business strategies can fail if execution at the functional level does not materialise. #CEO #COO #Strategy #Execution #ResonateStrategy #Resonate

🚀 Elevate Your Leadership with the Business Strategy Essential Matrix 🚀 In the ever-evolving business landscape, the hallmark of next-level leadership lies in a strategic, holistic approach. Introducing the Business Strategy Essential Matrix —a compass for guiding leaders through complexity towards achieving excellence. This matrix integrates: 1. Six Sigma : Perfecting processes to near-zero defects, enhancing efficiency, and customer satisfaction. Embrace this to drive quality and operational excellence across your organization. 2. Stakeholder Analysis : Mapping and understanding stakeholder needs and expectations. This fosters robust relationships and strategic partnerships, crucial for sustainable success. 3. Gap Analysis : Identifying the rift between current performance and potential. It's about pinpointing areas of improvement and crafting actionable strategies to bridge these gaps. 4. Scenario Planning : Preparing for the future by anticipating change. This strategic foresight allows leaders to navigate uncertainties with confidence and agility. 5. Competencies Model : Developing a framework that defines the essential skills and behaviors for leadership and organizational success. It's about building a culture of continuous learning and development. Integrating these elements, the Business Strategy Essential Matrix empowers leaders to not just navigate but thrive amidst challenges. It's a call to action for those ready to lead with vision, adapt with agility, and inspire with excellence. #LeadershipDevelopment #BusinessStrategy #SixSigma #StakeholderEngagement #ScenarioPlanning #CompetencyModel #NextLevelLeadership

Are you a Pinnacle Guide? Here 's something for your consideration. If you're ready to elevate your advisory sessions and bring additional value to your Pinnacle groups, it's time to add Line-of-Sight (LOS) to your toolkit. Here's why you should consider becoming an LOS Implementer: 🔹 Strategic Alignment and Execution: LOS enhances the Pinnacle methodology with analytics that measure and visualize alignment and execution of strategic objectives. Ensure your CEOs and business leaders are on track with their long-term vision. 🔹 Objective Insights: Leverage LOS to provide deep, data-driven insights into company operations. This enables more informed discussions and decisions, leading to impactful outcomes in your Pinnacle meetings. 🔹 Enhanced Goal Setting and Tracking: Help your members set clear goals and track progress effectively with LOS's Pulse Checks. Enhance accountability and transparency within their leadership teams for execution excellence. 🔹 Lasting Impact: LOS is a catalyst for crucial leadership discussions, combining a SaaS assessment platform with targeted strategy facilitation. Simplify strategic execution conversations and guide organizations towards long-lasting success. 🔹 Avoiding the Execution Tax: Identify and eliminate misalignments that hamper productivity and slow down decisions. With LOS, help your clients reduce the "execution tax" and unlock their full potential. Join us in revolutionizing the way Pinnacle Guides lead and support their groups. Become an LOS Implementer today and drive your members towards success! Learn more about becoming a Pinnacle Guide by clicking here: https://lnkd.in/dumRzSKK #PinnacleGuides #LOSImplementer #StrategicAlignment #LeadershipExcellence #BusinessSuccess