cutting through the clutter: simple strategies for long-term growth

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Cutting through the Clutter Simple Strategies for Long-Term Growth

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Presentation by Evolve Performance Group at the 2012 Mays Summer Learning Seminar.

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Page 1: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

Cutting through the Clutter

Simple Strategies for Long-Term Growth

Page 2: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

BUSINESS STRATEGIES AT MY ORGANIZATION

Page 3: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

There is open communication throughout all levels of my organization.

Strongly StronglyDisagree Agree 1 2 3 4 5

Page 4: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

There is open communication throughout all levels of my organization.

Page 5: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

My supervisor is an active supporter of the changes that affect our group.

Strongly StronglyDisagree Agree 1 2 3 4 5

Page 6: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

My supervisor is an active supporter of the changes that affect our group.

Page 7: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

I am asked for my input regarding the changes that affect my work.

Strongly StronglyDisagree Agree 1 2 3 4 5

Page 8: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

I am asked for my input regarding the changes that affect my work.

Page 9: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

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

Page 10: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

Leaders in my organization help me see how changes made today will affect the organization’s future.

Page 11: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

My organization gathered customer data that helped define and form our strategy.

Strongly StronglyDisagree Agree 1 2 3 4 5

Page 12: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

My organization gathered customer data that helped define and form our strategy.

Page 13: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

The last business strategy launched by my organization yielded extremely positive results.

Strongly StronglyDisagree Agree 1 2 3 4 5

Page 14: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

The last business strategy launched by my organization yielded extremely positive results.

Page 15: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

Which barrier to success is most prevalent in your organization?

1. Time 2. Money3. Short Term Thinking4. People5. Fear

Page 16: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

Which barrier to success is most prevalent in your organization?

Page 17: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

CUTTING THROUGH THE CLUTTER

Page 18: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

Evolve’s Strategic Framework

Page 19: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

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

Page 20: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

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

Page 21: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

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

Page 22: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

Leveraging Customer EngagementUnderstanding the Health of Customer Relationships to drive your Strategies

Page 23: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

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?

Page 24: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

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?

Page 25: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

• 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)

Page 26: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

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)

Page 27: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

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

Page 28: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

Employee Engagement

Leveraging the Team to Deliver on the Strategy

Page 29: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

What is your definition of an Engaged Employee?

Page 30: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

Active Disengagement…

Page 31: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

Active Disengagement…

Page 32: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

Active Disengagement…

Page 33: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

What is Employee Engagement?

Employee Engagement = Business Performance

Page 34: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

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?

Page 35: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

Engaged teams are more productive, profitable, and efficient

The level of Employee Engagement can be changed

Why do we Measure Employee Engagement?

Page 36: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

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

Page 37: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

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

Page 38: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

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)

Page 39: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

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

Page 40: Cutting Through the Clutter: Simple Strategies for Long-Term Growth

Q&A