Leading Transformation in the New Year

Executives around the world are locking down budgets, business plans and growth strategies that will lead them into a new year with confidence and clarity. Or, at least that is how the process is supposed to work as we exit another year.

The reality is we are often distracted from planning our future, as we are buried in the real-time business demands of “now” for closing out the year, assessing our performance and measuring the success of our current year stated business goals. Our future is ahead, not behind us. We need to look ahead.

The actions we take today to change how we do things in the next year really deserves our full attention. Transformation requires prioritization.

There are many businesses who have great stories to share about the past year, highlighting lists of remarkable accomplishments in growth and opportunity. They have expanded into new markets, launched new products, added new channels for business development. The simple recipe for those businesses will be to double down and do more of the same. We’ve all heard it, GROW MORE! Those that look at how they might have done better over the past year will be focused on clarified business plans that pivot from where they have been to a future path of prosperity.

One thing is certain, whether looking to exploit past success or tearing down the obstacles that led to failure, transformation is imperative for any business in the new year.

Transformation is more than updated goals or repeating the past, it is doing things differently. It is tackling “big” things that others can’t and won’t do.

Transformation is change. It is new coordinates, new variables, new operations and new formulas for success. It is what leads to great. As marketers, we often hear about digital transformation. The way in which we consume information, the speed of the Internet, the Internet of Things, all driving behaviors and pushing businesses to behave differently with their consumers, partners, employees and even regulatory agencies. Yet, transformation applies much more broadly today than just digital. It applies to everything.

Change will happen. The upcoming 12 months will be loaded with transformation for most people, some of which they will have no control or input. It is taking place all around us. Point to the many global examples ripe with political change, where we will see instances of transformation in a new year that can and will change our existence in the world as we know it today. It will likely change how business is conducted globally.

It’s also personal. We’ve all rehearsed transformation to some degree. Personal and professional transformation will be veiled in the guise of declarations of resolutions in the next few days. We all need something to work on and often will state so “out loud” to be held accountable for our changing ways.

What about business transformation? How will businesses change in the new year to capitalize on the new, inspire the potential consumer, foster team development and capture the imagination of dreamers through vision and execution? Well, businesses like people, have to do things differently.

There are five signs a business is ready to lead through transformation.

  1. A focus on globalization will transform any business, as it is not just about selling products beyond a geographic region. It is thoughtfully reaching out through cultural connectivity to orchestrate engagement, learn and drive meaningful (and profitable) relationships around the world. It is understanding the global economy and embracing differences that are ripe in worldwide opportunity through relative experiences. A bit of advice on this point, rely on experts to guide you through the market, cultural and language complexities if you really want to take advantage of transformation through globalization.
  2. Acquiring talent with new insights, skills and competencies that do more than align to a job description will transform a business. Hiring smart and passionate people to join the “team” to challenge the status quo, rule outside the governing boxes and raise the ceiling on what can be done by thinking and ACTING differently is transforming. These individuals will bring experiences and richness of ideas that can expand the possibilities when embraced by an environment of collaboration and exchange.
  3. Diversity of thought and leadership that spans across all functions and roles is encouraged and celebrated by businesses that lead through transformation. Create an environment for bringing people together through idea generation, expanding digital and remote work spaces and systematically rewarding those for participation in solving problems and offering ways for capitalizing on change.
  4. Go beyond innovation, as it is an overused word in the lexicon of business strategies. Innovation is survival today, part of the life blood of existence as a business. Leading in innovation requires transformation, going beyond what has been done in the past and exploring the possibilities through new approaches, processes, technology, thinking and knowledge sharing capabilities. Innovation should be flowing throughout the organization and fundamental to how a business directs and drives transformation. Leaders must ask every team member, “How are you transforming what you do today to take us into the future?”
  5. Predictive analytics must be a basis for transformation, using smart data to guide decisions and empower actions with a bet on the future. Reporting is old, tiring and can paralyze an organization with constant reviews of the past. Using data as intelligence to guide decision-making and focus on outcomes that are in front of the business will free businesses from spending all their time looking in the rear view mirror. Let data push you forward.

Change is constant. Change is here. Transformation is critical to success.

Executives and business leaders that are thinking about their global journey, pushing the boundaries on talent acquisition and diversity of thought, living innovation and predicting the future with accuracy are the leaders of tomorrow and beyond. They will transform the world, doing more and doing things differently.

How are you transforming your business?

Jamie Glass, President + CMO at Artful Thinkers, a sales and marketing consulting company.

2013 is Here to Stay

iStock_000019254561_ExtraSmallAnother New Year. We made it, despite the ominous predictions of the Mayans and challenges that seemed insurmountable. We have a whole year to put four new numbers at the end of every month and day — 2013 is here to stay.

As the hours tick away and we realize there is no turning back to a year gone by, we may spend time reflecting on the past for all the greatness or demands that became part of our personal history.  How much time should we reflect on what was and what might of been?

We put a lot of pressure on ourselves and others as we leap ahead into the first day of a new year. Though the date is only a marker in time, it brings significance to recall where we have been and where we want to go.  We are conditioned to set goals, broadcast resolutions, make commitments.  We are all lined up in business to start our annual sprint toward revenue targets, profits and sales quotas.  Departments and executives lay out the vision and business plan. We stand and cheer as we round the corner and “pass go” to do it all again. We give ourselves and others another year to achieve great success.

Yet it can be hard to forget some of our nagging challenges and failures of the past 365 days. The reflection of what we did not accomplish can cloud our view of what lies ahead. Obsessive reflection deters progress. Could have, would have, should have really needs to be can, will and shall in the coming year.

We are all moving forward, together!  The earth is rotating and time is passing.  We can not stop our momentum. Some may want to slow the inevitable; however, there is not a time machine to take us back.  If we continually reflect on the better days of the past, we will miss the turns we need to take in the future.  We will be left behind.  It happens to very successful businesses and leaders as they get mired in their own greatness and fail to see what lies ahead.

We must focus on what can get done, what we will accomplish in the New Year. Historical performance gives guidelines of the best path forward.  At every fork, we need to turn to previous decisions and analyze how well we executed on each task or goal to determine the reality of which turn we take in the future. We don’t drive always looking in the rear view mirror. Watching what is behind, does not allow us to focus on what’s ahead — in life or in business.

Memories serve great purpose. Predicting the future requires history.  It is important to use past performance, decisions, data, research to better predict future outcomes.  It does not mean we should get buried in our past or mesmerized by our own reflection so that we fail to see the path forward.

We should all take time to reflect – briefly.  Use our past to build our map to the future. Know our goals.  It’s time to move ahead. The 2012 bus is leaving the station. The calendar tells us so.

As we move forward into 2013 with celebratory optimism, it is up to everyone to make choices that make us better and more prosperous.  Hope burns eternal. So, clink that glass half full and let the confetti fly! One thing is absolute, 2013 is here to stay.

Happy New Year!

Jamie Glass, CMO & President of Artful Thinkers and Managing Director of Sales & Marketing Practice at CKS Advisors.

 

Be in Your Business Now

As a business leader, you have three options of where to put your focus. The Past. The Future. The Now. Being present in your business now, gives you better leverage to improve from your past with the valuable foresight to manage risks and opportunities in your future.

21st century businesses require real time accessibility and responsiveness to meet the changing tides of immediate customer demands.  Innovation is quickly driving businesses forward and leaving many behind. Being disciplined on the point of convergence of past and future, enables you to put 100% of your business efforts into the business now.

It is important to know who you are, where you are coming from and where you are going. The past provides insights that can help your business pivot and shorten learning curves.  As a leader, you depend on the knowledge gained through good and bad experiences to improve performance and business outcomes.  There is only one path to progress.  You have to move from the past to the future through your business now.

Living in your business past, with regret or admiration, does not give you the necessary focus to be centered in the now. “When one door closes another door opens; but we so often look so long and so regretfully upon the closed door, that we do not see the ones which open for us.” ~Alexander Graham Bell

Leaders that spend time relishing in their great accomplishments may be ignoring the unknown threats or countless competitors looking for better, faster ways to knock you off your pedestal.  Put the plaque on the wall, file the kudos and at-a-boys and know that your business needs you to be working on what’s next – now.

Likewise, if you are spending your business now redefining vision statements, missions and the company’s next BHAG (Big Hairy Audacious Goal), you may be missing the bumps and obstacles that threaten you from achieving important milestones in your daily, weekly, monthly and quarterly journey.  Your revenues depend on you to zero in on the now.

One way to keep you in the now is to have a mission statement that puts you squarely in the present moment.  Starbucks puts its’ employee, partner and customer focus in their business now with their simple mission statement.  It says, ”Our mission: to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time.”

There is no arguing that you need business goals, strategies and plans.  The only way to work in the business now is to know where you are headed.  Every business needs short and long term goals.  There is a big difference in working in the future or working on the future — now.  You can be working on inventions that will change the world.  If you focus on how the world will be versus your invention, you will lose your edge in getting the invention to market.  A daydreamer trap for the creative mind.

Have you ever met an entrepreneur that has hundreds of ideas.  When you talk to them, they focus on all the ways they can improve on an idea, open new markets and make millions and billions — in the future.  They have 20 solutions for every problem.  Yet, there is always one thing that is missing in their enthusiasm for what’s ahead, their business now.

How is your business today?  What is holding you back this week?  What challenges are stopping you from being that billionaire NOW?  When you are steadfast on living in future, you are probably not paying attention to the work required to get you there.  If your employees always see you so far ahead of them, they often lack accountability to what they need to do to make the business a success today.

There is a fragile difference between a vision and an illusion.  Apple is a perfect example of a company dedicated to the business now.  We often look at each new product as ahead of it’s time.  Some will remark, how visionary!  Apple looks at their new products as another completed project. The next Apple inventions we will be enamored with are already in production.  Apple is constantly improving products ahead of their time by working in the business now.  They do so with an eye to the future, short term and long term goals; however, they produce and service in the now.  Innovation is part of their work culture.  We, their consumer, are focused on their future. That does not deter them from meeting our demands now, it only keeps us loyal.

Use your past to better predict your future.  It is good business intelligence.  Being present for your customers, employees, partners today is what has the greatest impact on revenues now.  Investing in your future, is working on your business now!  Don’t ignore what’s right in front of you.  What you uncover by working on the business now could define you and your company evermore.  

“Forever is composed of nows.” ~Emily Dickinson

By Jamie Glass, CMO & President of Artful Thinkers and Managing Director of Sales & Marketing Practice at CKS Advisors.