cutting through the clutter: simple strategies for long-term growth
DESCRIPTION
Presentation by Evolve Performance Group at the 2012 Mays Summer Learning Seminar.TRANSCRIPT
Cutting through the Clutter
Simple Strategies for Long-Term Growth
BUSINESS STRATEGIES AT MY ORGANIZATION
There is open communication throughout all levels of my organization.
Strongly StronglyDisagree Agree 1 2 3 4 5
There is open communication throughout all levels of my organization.
My supervisor is an active supporter of the changes that affect our group.
Strongly StronglyDisagree Agree 1 2 3 4 5
My supervisor is an active supporter of the changes that affect our group.
I am asked for my input regarding the changes that affect my work.
Strongly StronglyDisagree Agree 1 2 3 4 5
I am asked for my input regarding the changes that affect my work.
Leaders in my organization help me see how changes made today will affect the organization’s future.Strongly StronglyDisagree Agree 1 2 3 4 5
Leaders in my organization help me see how changes made today will affect the organization’s future.
My organization gathered customer data that helped define and form our strategy.
Strongly StronglyDisagree Agree 1 2 3 4 5
My organization gathered customer data that helped define and form our strategy.
The last business strategy launched by my organization yielded extremely positive results.
Strongly StronglyDisagree Agree 1 2 3 4 5
The last business strategy launched by my organization yielded extremely positive results.
Which barrier to success is most prevalent in your organization?
1. Time 2. Money3. Short Term Thinking4. People5. Fear
Which barrier to success is most prevalent in your organization?
CUTTING THROUGH THE CLUTTER
Evolve’s Strategic Framework
Why Do Strategies Fail? Lack of Validation– Strategies are often designed without customer input that
links to business performance
Lack of Alignment– Employees are not engaged and fail to carry out the tactics
that support the strategy– The corporate culture has not communicated the Importance
of the strategy or established clear accountability
Simple Strategy For Long-Term Growth Make validated, data-driven decisions– Validation – Your Customers have positively indicated
that the strategy will improve your relationship and increase their spend with you
Align employees to deliver on the validated strategy– Alignment – Your employees are on board and fully
informed about their role in the strategy
Validating Your Strategy Gather un-biased customer data that either
proves or disproves your hypothesis Design your strategies so that they provide
value to your customers. Value that will positively impact your organization’s performance
Leveraging Customer EngagementUnderstanding the Health of Customer Relationships to drive your Strategies
Your Customer’s psychological commitment to the organization
Level of commitment has huge impact on profitability
Strategies can be validated by studying “Engagement Drivers”
What is Customer Engagement?
Helps us understand what drives business performance with Customers
Allows us to understand what conditions must exist to build a better relationship, thereby increasing profitability
Why Measure Customer Engagement?
• Overall Satisfaction• Likelihood to continue to do business• Likelihood to recommend
• Organization stands above most others in its commitment to customer service
• Organization shows Customers they really appreciate their business
• Can always trust organization to keep its promises
Loyalty
Differentiation
Respect
Trust
Customer Commitment Index (CCITM)
Driving Customer Engagement – Sales• People showed genuine
enthusiasm for their jobs and for their customers
• My salesperson always put my needs first & had my best interest at heart
• People made me feel confident they can tackle the toughest challenges
• How well problem was handled (if had one)
• People took real pride in being best at what they do; driven to make things better
5.7
3.6
FullyEngaged
3.2
2.1
1.9
(Odds Ratios)
Aligning Your Organization Leverage the engagement of your employees
to drive better performance Create clear expectations and
communications so that each employee knows their role
Measure the level of employee commitment to gauge the organization’s alignment
Employee Engagement
Leveraging the Team to Deliver on the Strategy
What is your definition of an Engaged Employee?
Active Disengagement…
Active Disengagement…
Active Disengagement…
What is Employee Engagement?
Employee Engagement = Business Performance
Psychological/emotional commitment to an organization
Engagement happens with each interaction
Managers are responsible for each employee’s level of engagement
What is Employee Engagement?
Engaged teams are more productive, profitable, and efficient
The level of Employee Engagement can be changed
Why do we Measure Employee Engagement?
The Payoff
Series1
-70%
-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
-27%-31%
-51% -51%
-62% -60%
12%18%
12%
Chart Title
Turnover
Absenteeism ShrinkageSafety
Incidents
CustomerLoyalty
Productivity
High- Turnover
Orgs.
Low- Turnover
Orgs.
Profitability
Workmanship Defects
Engaged Employees are more willing and able to engage their Customers.
HighCustomer
Engagement
Sales teams in the top quartile for “My Engagement” are 3.4 times more likely to earn high Customer Engagement scores than teams with lower Employee Engagement scores.
3.4
Sales
My Job
MyManager
My TeamMy Customers
My Growth
Myorganization
The basics of the workplace
Perceptions of manager behavior
Teamwork, trustPerceptions of Customer care Perceptions of
growth trajectory
Employee loyalty and pride
Employee Commitment Index (ECITM)
Summary Validate your strategies by obtaining Customer
feedback that draws a clear correlation between your strategy and business performance
Align the organization around the strategy by understanding the state of the work environment, then removing barriers so Employees can deliver on the strategies
Q&A