June 2010
Peer Groups: The Solution to "It's Lonely at the Top"
by Donald W. Moore
Let me start with the end in mind: Every CEO/owner/executive director, regardless of your industry or non-profit sector, should belong to a Peer Group. Doing so will reward you far in excess of the commitment of time or cost. Every person I’ve ever known who was a member of a Peer Group would repeat this advice.
It Is Lonely
Every CEO knows that it really is “lonely at the top”. This is, in large part, the reason that most CEO’s are actively involved in trade associations and other organizations that serve as an opportunity to interact with other CEO’s.
But, these organizations don’t provide what CEO’s and owners really want: an opportunity to meet regularly with like-minded executives to learn, in depth, from each other’s successes, challenges and experiences; to trade ideas and think through problems. Peer Groups are the solution. Peer Groups, by their nature are small, typically six to 10 members. This size naturally allows each group to develop an agenda that suits their common interests. This, in turn results in building a level of trust and camaraderie that improves the benefits.
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Organizational Challenge: Plan or React? by Joe Gausman
What organization is there that doesn’t want to grow? Whether a business or a nonprofit, the emphasis is on doing more…grow! Sometimes growth comes as a result of formal planning. Emphasis is placed on sales and marketing in an effort to get more orders, serve more clients or meet more needs. The growth may be gradual at first and that trend may continue for some time. Then the curve goes vertical. A large order is awarded, a major customer is won, a grant or grants are approved and almost overnight, it seems, the organizational structure is under stress. Employees assume more “hats”. Departments are behind before they start. Overtime becomes the norm. Shortcuts are taken. And the race is on! It is too late for planning and preparing the organization. The only recourse is to react.
It is important to recognize that small organizations do not usually grow linearly, which is to say a straight gradual upward sloping line. Instead the graph looks more like steps. The organization is moving along on a horizontal trend line then there is a 10%, 20%, 50% impact that drives the line vertical. Celebration soon is replaced with the sobering question: how are we going to do this? It would be nice to have personnel positioned for that positive and celebratory growth spurt but paying for that privilege too soon can be costly. So what is the answer? Read More...
So, What Have You Learned Today? by Don Golding
Whether you realize it, or not … and whether you like it, or not … the development and growth of your organization is inextricably linked to your personal development and growth. And at virtually every level, personal development and growth demand a thirst for learning; and a willingness to be intellectually challenged and held accountable.
As a business owner, a CEO or an executive director, you must commit to a program of personal continuous improvement in order to achieve sustainable organizational success. The competitive landscape is changing rapidly, and unless you make a conscious effort to extend your knowledge and skills, you will fall behind. You also have a clear obligation to your entire staff. How do you expect your team to develop and grow if you do not set the standard?
For aspiring leaders, the message is essentially the same – your individual development and growth is vital to the overall performance of the organization. If you do not believe that, you are kidding yourself and robbing your organization. Of course, you also have an added incentive – your personal advancement within the organization depends upon your personal development and growth. If you do not demonstrate your intellectual drive, and a growing capacity, you may well be left behind.
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Kudos!
Don Moore and Joe Gausman recently presented a full-day succession workshop in Ridgway that was hosted by the North Central Commission and the NWIRC. If you are interested in a workshop, please contact our office.
Coming Up
Peer Group Opportunities
Decision Associates currently facilitates two active Peer Groups – one comprised of eight small manufacturing and service business owners, and the other includes an equal number of the heirs to family-owned businesses.
Our structure includes an intentional balance of planned and spontaneous topical discussions, assigned readings and exercises, talks by outside experts and one-on-one coaching/mentoring support. The groups meet for one-half day monthly; and our facilitators are seasoned business owners that understand the issues and challenges.
The interest has been very strong and we now have additional groups forming for a September 2010 launch in the following broad categories:
• Owners of small industrial and service companies
• C-Level executives in the industrial and service sectors
• Aspiring leaders in the industrial and service sectors
• Executives in the nonprofit community
We can guarantee that you will be challenged … if you are interested in receiving more information, please contact us today!
What are they saying about Decision Associates' Peer Groups:
"Participation in the peer groups facilitated by Decision Associates has proven to be an invaluable experience. Our group is composed of 6 members from various types of companies all of similar size and complexity. We all have roles in our business but the time together allows us to focus on working “on” our business. Each member takes a turn reviewing the state of their business and receives invaluable strategic guidance from the other five members."
H Bender
Team Hardinger, Erie
What's on Your Mind…
Send your suggestions for future topics of interest to: SueMoore@DecisionAssociates.net.
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