Where’s the beef?

by Patrick Hehir on January 28, 2013

Culture is the only truly sustainable competitive advantage and is at the root of delivering strong long-lasting business results.

Many leaders under pressure, look at their business purely through a short-term evidence and measurement based lens. Remembering the Wendy’s fast food chain TV commercial of the 1980′s, it begs the question “Where’s the beef?”.

Executives often embark on “programs” or “initiatives” to improve performance but are only conditionally committed to them.These “programs” usually fail to deliver on expectations or projections over the long-term. Hence the question “Where’s the beef?”

Part of the reason for disappointing results is leaders often fail to realize that success is largely tied to the underlying culture. Culture is where the beef is. 

Culture is also the  magic differentiating sauce that is crucial to having any chance of long-term success. Short-term opportunistic or hot products can and OFTEN DO deliver short-term results, but without a strong culture companies seldom endure.

Research carried out by the Carnegie Institute of Technology revealed that 85% of a company’s financial success is due to skills in human engineering, ones personality and ones ability to communicate, negotiate, and lead. Shockingly, only 15 percent is due to technical knowledge and competence.

But working on human engineering and culture brings challenges.It is very very difficult. It is often viewed as being soft and fluffy but we believe this view is a defense mechanism that many executives use to avoid facing reality.

Consider how many companies are unhappy with their performance AND their culture. Paradoxically this in and of itself provides evidence as to how important and how hard this soft stuff is.If it was easy,people would not shy away from it so much.

The work in this area requires discipline, effort and a willingness to confront and challenge many of our personal beliefs. When leveraging external resources it also requires delicacy, compassion and authentically understanding what is at stake for people in making change. There needs to be massive levels of trust, confidence, maturity and courage for all involved.

Personal change involves knowing and conquering our fears. It is probably the most difficult undertaking for all of us. Many times the change needs to be trans-formational.

The pace of change can vary. It often it occurs one conversation at a time,  one executive at a time,one team at a time,one region at a time,one division at a time and finally one company at a time.

We recommend that this kind of work begin with individuals and in small groups and build from there. We also recommend beginning at the TOP of the organization.

Are there stakeholders in your business ecosystem asking “Where’s the beef?”  If there is, you better go to work to serve some up or the consequences could be very unpleasant.

 

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare

{ 0 comments }

Culture on Purpose

by Patrick Hehir on January 9, 2013

Every company has a culture or a way of doing business.The traditional route or method for the initial formation of the culture is generally linked to the values and traits of the founder. Often times these values and traits are codified, documented and publicly displayed. They are then used to define or bring clarity to the behaviors that are expected of all employees. Once vigorously enforced in the formative years, particularly when facing difficult decisions, people learn real fast what behavior is expected and what ones will not be tolerated.

For companies that no longer have the founder in place the culture often morphs towards a culture aligned to the new values of subsequent CEO’s. Other companies never document their original traits and values so do not have a clear foundation to work from.

The point of this post is that, each company has a culture and we would contend that the company will have a better shot at high performance if they create the culture on purpose. All stakeholders like having a clear understanding of who they are dealing with, what are the norms of behavior and what the performance expectations are.

A company having an authentic declaration of the values that defines how they will do business, is arguably one of the most powerful contributions to a company having minimal bureaucracy and politics within the organization. Companies that fail to do this, are essentially feeding the enemy within and unwittingly building avoidable complexity that becomes a drag on performance. Many regard complexity as the silent killer of companies analogous to heart disease in human health.

We encourage leaders that if their culture is not optimal today, that they should  build their Culture on Purpose. It may be a little daunting at first, but the rewards are always worth it.

Take a look at Southwest, Jet-Blue, Nordstrom, Wholes Foods, the NEW Ford Motor Company, even IBM as good examples of businesses that have strong actively and well managed cultures.

 

 

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare

{ 0 comments }

2013-Slow growth, shrinking margins. Now what?

January 3, 2013

Over the Christmas and New Years period I was at a few parties. (Maybe even a few too many). What was very noticeable at these gatherings was that there was three consistent topics of conversation. The Newtown Connecticut killing of 20 children and the resultant gun control debate in the US. The US fiscal cliff and the [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

CULTURE – the Heart and Soul of your business

December 12, 2012

For years I have been struggling to come to grips with how to explain the concept of Heart and Soul. People constantly use it yet there does not exist any great concise outline of how to explain it. What does it mean precisely when someone says that he or she represents the heart of soul [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

From Solve to Evolve…why problem solving alone just recreates the past

December 6, 2012

Take a look around sometime and see how much of peoples time and energy is spent talking about and engaging solely on problem solving. People dissatisfied with current situations or conditions either because they dont match current expectations or have shifted away from the prior status quo.Part of the unsettling thing for many people is that [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

A Day of Inter-dependence vs Independence

July 4, 2012

As a newly minted US Citizen I feel particularly more patriotic on this national holiday of July 4th. After returning from a business trip to Europe where I visited Poland during the European Soccer Championship Finals, Euro 2012, I gave witness to the palpable energy and pride as citizens of varying nations embraced and celebrated [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

Congressman Tim Ryan.

March 19, 2012

A few weeks ago a colleague of mine told me of a movement or group called Wisdom 2.0 that is 3 years in existence and whose charter it is, “to explore how we can live with deeper meaning and wisdom in our technology rich age” It turns out that this organization is making significant progress in [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

Nobody Cares !!

January 8, 2012

It’s the beginning of 2012, the world has NOT ended yet and many put on their game faces to get ready for the New Year. As people embark on their next adventure in life, I am compelled to share a perspective that many found helpful in 2011, it revolves on the premise that NOBODY CARES!!! [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

The Current Crisis of H.P. and the way forward !!

September 22, 2011

As a long time supplier, partner and customer of H.P. and a great admirer of this companies past history and success, I find it difficult to sit and watch what has been happening over the past number of years. Rather than embark on a judgemental crusade and criticize the varying leadership of the past regimes (including [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

Transformational Change part II..Competencies and Conditions

September 19, 2011

In continuation to the previous Blog on what transformational change is, this Blog speaks to the conditions and competencies necessary to effectively execute a transformational change. Unfortunately, more often than not, transformational change is only embarked upon as a last resort when all else has failed. It often coincides with the capitulation point where people [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

Transformational Change at the Corporate Enterprise:

September 15, 2011

The term transformational change signifies that something changes its essential form, properties or structure. When we apply this concept to a Corporate or business enterprise it is often accompanied with the concept of re-invention. There are various types of changes which may be viewed along the following continuum from easy to difficult:    No person [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

Wealth Extraction defeated Wealth Creation

August 29, 2011

The continuing conversation about the lingering great recession or the fears that another distinctly separate recession may begin soon, leaves people continuing to ask how and why did it all happen. Many are still searching for a way forward that they can trust and have confidence in. This post focuses on the US economy but [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

Work-Life balance is a false choice.

May 31, 2011

So many people speak about how to achieve the elusive work-life balance. In today’s world, many struggle with how to get it to work for themselves as they make choices between work obligations, family life and personal interests. I believe this leads to a FALSE choice. There is an alternate approach that is much less stressful and it is living what I call an [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

Culture eats strategy for lunch

May 23, 2011

Peter Drucker is credited with saying that “culture eats strategy for breakfast ” and in recent times many have adapted this phrase and replaced breakfast with lunch. Such lessons still have a long long way to go before people accept that premise in a meaningful way. The fact is that if you have the right culture, [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

Mulally and Ford deserve their reward

April 14, 2011

Why Mulally and Ford deserve their payday at the Ford Motor Company: It is pretty difficult NOT to notice the remarkable turnaround that has taken place at the Ford Motor Company over the past 4 to 5 years. They faced significant challenges from a liquidity perspective and they had to put their famous Ford Blue [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

Private Equity back to the P.R.O.M.

March 22, 2011

 Much has been written and debated about the private equity firms and the role that they play in global industry. The massive use of leverage scares many. Others say money is plentiful and cheap so why not use it. Others argue for and against their contribution to a healthy industry and whether they actually create any [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

Balanced Stakeholder System

January 11, 2011

I have been working tirelessly over the past two years to come up with a new set of models that can support a fresh approach to business after this recent economic crisis. I joined with a fellow warrior and thought partner  Tony Petrella. We are days away from finalising a white paper that we call

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

Ford Turnaround Success

October 5, 2010

The turnaround being executed at the Ford Motor Company is beginning to get more and more attention. The transformational changes appear to be real and appear to be sustainable. They look like they could propel Ford to emerge as the US automotive company that is in the best overall shape, as the global automotive industry [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

Options for responding to economic downturns.

March 26, 2010

 Having studied multiple companies and observed their organizational response to the current economic crisis, we have concluded that they can be grouped into 4 categories. Take a look and let us know if this is true for your organization and what your experience is. Deny & Retreat Deny that you are out of  position, aggressively [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

The TWO most important questions in business

March 16, 2010

Wouldn’t it be great if life was just a little less complex?  How can we begin to do that?  Well maybe you can start here. Every business ever created runs according to how it is designed to run. There exists an established management SYSTEM for guiding how the work gets done. Sometimes it is quite sophisticated and other times [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →

The Cancer of Corporate America

November 15, 2009

Conditional Commitment : Much has been spoken and written about the difference that commitment makes in achieving success in business and in life. In difficult economic times for business (or maybe even personal relationships), I feel that one of the greatest obstacles to progress or achieving breakthroughs, is what I call Conditional Commitment. So I [...]

FacebookTwitterLinkedInGoogle ReaderDiggStumbleUponShare
Read the full article →