Posts

The Big Picture of Business: The Realities of Networking

This essay has taken 50,000 hours of my life to write. From wasted and misspent time come perspective and wisdom.

Networking can be and should be a wonderful thing. In theory, you meet people, share ideas and grow richer for the experience. Indirectly, it enhances the climate in which business is done.

Ostensibly, all participants benefit from the synergy.

If one is growing from networking and all parties benefit, it works well. Unfortunately, one can get caught in a trap of being on the short end of the equation. One can wake up, realize their energy has been zapped and experience setbacks in their business because he-she was spending disproportionate time on networking.

These pointers are offered to help manage time and resources. Business organizations are like trees. They seemingly look the same from day to day and will live forever. To the untrained eye, most resemble each other. After all, they are just trees (companies)!

This essay is not to discourage networking. It stimulates questions about your own wants, desires, experiences, gains, losses and changing perspectives in the game of ‘give and take’.

By curbing old behavior patterns, you may feel less-used and get more out of future networking. By analyzing the true motives for networking (yours and other people’s), one can avoid hurt feelings and letdowns. By approaching the process with a realistic attitude, positive outcomes of future efforts will pay better dividends.

Categories of Networking

Professional Networkers. For some people, it is their job to network, on behalf of their companies. They are given salaries, expense accounts, support staff and a company machine which sees business development and lobbying value in their work. These people jockey for favor with the power structures and are accorded community standing based upon the reputation-value of their company. People defer to them because of the wealth of their companies. They regularly squire stakeholders to charity events at corporate-purchased tables. None of their community stewardship comes out of their own pockets. Some of these people get the ‘big head’ and think of themselves as local celebrities. They get a rude awakening when they leave their job.

Hobbyist Networkers. These people want to get involved, partly for business and partly to interface with the community. When they network, it means dollars, resources and time out of their own pockets. They exchange ideas, swap cards, engage in base-level volunteer work and participate in several concurrent networks. They are also valued according to the reputation of their companies, directly commensurate to how much money they give to charities and business organizations. In-kind donations (especially their time) are not valued as highly as money. It is unfair to stack them against professional networkers, but the community does. Since many are small business people, solo practitioners, sales force members and entrepreneurs, they make great sacrifices to network… usually much more than the payoff.

Niche Networkers. These people may have started with the shotgun effect but have narrowed down. They network through trade associations, chambers of commerce, leads groups, conventions and other sources which are primarily devoted to business. They staff committees and events, hoping to generate more leads. The longer they network, the better they get at niche marketing. They cannot be all things to all people.

Social Networkers. Business networking receptions became the ‘singles bars’ of the 1980s and 1990s. Breakfast clubs carved their own niche… a balance of business, community and social networking. The same holds true with the ‘rubber chicken circuit’ (clubs, associations and coalitions of networking groups). Just like the 1970s night club scene, people went into situations indiscriminately looking. They wanted to get something but were not quite sure what. Some really believed a chance meeting in a bar would produce Mr. or Ms. Right. They came out unfulfilled because they didn’t really have clear objectives going in. The same is true with networking. The ideal customer doesn’t ‘discover you’ across a crowded room.

Wanna-Be Networkers. These people try to network anywhere and everywhere. They are in your face, at every turn. Their sense of accomplishment is in the quantity of business cards collected, lunches arranged and referral calls generated-completed. They network for the sake of networking… rarely with targeted purpose. Their opening line is: “What do you do?” Sizing you in terms of immediate benefit to them, they either probe further or move on. Usually, they are selling something and focus upon one of the niches listed above.

The Kind of Networking That Should Exist. This is the category that rarely exists. Senior executives do not really have networks of our own. Our junior staff members populate the trade associations, chambers of commerce and service organizations. Top executives isolate themselves from people with differing opinions. They say they crave roundtables with fellow seasoned executives but rarely attend. Inevitably, when high-level forums are organized, the juniors, mid-managers and self-marketers infiltrate and take over… which chases us away. Veteran executives meet on the charity party circuit, in board meetings and sometimes socially. Some commercial programs cater to this market but are usually populated by entrepreneurs on the way up. In the main, the top corporate strata is without an effective mechanism to network, share high-level ideas-experiences, get stimulated to overcome burnout and move toward higher plateaus. That’s why many senior business leaders wear down or retire earlier than they should.

Red Flags in the Network

I Knew You When. They see you as they once did. They connect with the old commonalities and find it hard to see the evolution that you have made. Try to enlighten them, and they convert it all back to their old frame of reference, with questions like “Do you still talk to X?” or “Whatever happened to Y?” or “Remember the time when Z happened?”

Gurus of Networking. These are often the worst violators of the process. They want you to be there for them and those whom they refer to you. Yet, try to get something meaningful out of them. When you set boundaries to your free access, they cut you out of their network. That’s not entirely bad, since you were likely peripheral to it in the first place.

Who Do You Know Who… In networking, the person who wants something stands three or four steps away from their ultimate target. As a member of the network, you are usually one of several conduits in their quest. It’s tough to not be consulted as an expert, but rather as a step on someone else’s journey.

You Once Did ____. Now I Want ____. Just because you once spoke to their business club, attended a workshop with them or served on a volunteer committee, they keep coming back to you for free work. To them, there is no statute of limitations on free access to your time, influence, resources or abilities.

X Says I Can Pick Your Brain. X probably gave your name to get rid of them. X doesn’t really value your time or would have asked in advance if you could be periodically referred. Try referring callers back to X as really being the ‘best person’ for them to consult. Tell them that X is far too modest and is your expert in that area. That will stop X from referring unsolicited nuisance callers.

If You ____, It Will Lead to Business. They always say that so you will volunteer to help their pet cause or serve their momentary need. People wave any carrot that will help to get what they want, think they need or wish they had. Entrepreneurs and service providers are easy targets to entice with the promise or glimmer of future business. Tell the networkers that you will do what they ask but only in reciprocation after the business transpires. Request a ‘show of good faith’ gesture from them in the first place.

Adopt My Interests. It’ll Be Good for You. This is the previous ploy with a new coat of paint. These people couch their requests in terms of your benefit. They just know that supporting their interests will get you somewhere and quickly add that it will be fun, as well. Don’t be fooled. The same requests go out to all whom they approach.

Feeding Egos in Hopes of Getting Somewhere. Many people do things to get noticed by others, in hopes they can do something for us. So, we serve on their volunteer committees, convinced they will think well of us…enough to speak well of us to still others. The problem is ‘they’ want to be noticed by others and only want committee members to support their agenda. You will likely be perceived as a conduit or support mechanism to their causes and objectives.

Circuitous Routes to Get What You Think You Want. Many of us do things for reasons for which we are not quite sure. Spending time networking or volunteering for projects seems like a good idea at the time. Surely benefits will accrue. I’m not saying that people should create agendas for every act or action. However, one must recognize and curb patterns of doing things for nebulous reasons, from which nebulous outcomes always emanate.

Have You Got a Card? That means they will be calling you for their own networking purposes. If you don’t want to get their calls, either say you are out of cards or tell them the truth… that you’re trying to cut down on networking activity. They’ll move on to someone else. Most of the time, they’re not after you… any warm body will do. Being completely upfront about setting your boundaries helps you feel better and deters future unsolicited calls.

Hard Core Clueless. Some people simply don’t know or care where you’re coming from. They are self-serving networkers and offer nothing for you. There is no converting them to your more enlightened way of thinking and operating. Spot them and avoid them.

People Who Refer You for Freebies – But Not for Business

I once agreed to meet to discuss serving on a non-profit board with an influential business executive, whose account I sought for my company. He had been using a pale-by-comparison, low-expertise competitor, and I thought he surely would want to grade up to the best. By knowing and working with me, he would discern excellence, switch his business to my company and be better off for it.

In the get-acquainted meeting, the executive explained that he did not mix business with volunteer work. He stated that I was a good person to serve on the board and give away my time, yet the incumbent agency had his business. That was his belief, and he wouldn’t change it. Curiously, his own business was predicated upon community goodwill, and he owed his fortune to the public appearance of being a good citizen.

So why, then, should I waste my time serving on his board? He started dangling carrots of potential business from other board members. I fell for the bait and regretted it after the first board meeting. Other members had like minds to the executive who recruited me. They had their network of business resources and referrals, and I was not part of it.

I gracefully bowed out, citing the press of business and over-commitment to other volunteer work. The board member took it as a slap in the face, proclaiming that we would never get any work from him. After all, it was my job to curry community favor. How dare I meet to consider volunteering and then pull out? He found other warm bodies. Curiously, that charity has been clouded by public investigations of questionable ethics and dubious fund-raising practices. I sensed that at the time…which was the other reason why I walked away.

Lesson Learned: Set boundaries up front. Tell them that you only volunteer on committees of people who have the willingness and actually do business with each other, if that’s your objective for participating. Let it be known that your volunteer time is a reward to those who support your company…not a prerequisite to being considered. Remind inquirers that you must be successful in your business first… in order to be in a position to give back to the community.

They Don’t Care What You Think – Just Do What They Want

Public officials are notorious for this. They make it clear that you are important to them. Once you give a contribution or volunteer time to their initial campaign, you are pigeon-holed on the solicitation mailing list. Then, it is hard to convert to another level in their minds.

Public officials spend your contributions hiring young, inexperienced staff members and rely upon them for advice. They pay great sums to so-called ‘political consultants’ but will not consider asking CEOs and seasoned business executives for meaningful policy advice. And the consultants with whom they contract are usually out-of-towners or those who have not ‘paid their dues’ to the community.

Try offering your advice-counsel, and it falls on deaf ears. Try to get them to open doors or somehow return the favors. You’ll quickly see how they aren’t available, forgot that they owed you a return courtesy and resent being asked for ‘quid pro quo’. Only money or volunteer time are wanted, thank you. Even though they decline or avoid you, the fund raiser invitations keep coming in the mail.

Lesson Learned: Set boundaries up front. Tell political candidates how you expect and are willing to be utilized. Give expertise on the front end, not money. If you want to be their advisor, tell them so. Don’t expect them to read your mind, after the fact.

Caring When Others Don’t

Some people will always go the extra distance for their organizations. They are consummate professionals and give their all to the company. They pursue professional development on their own time, bear personal monies to further the job, participate in community and volunteer activities and serve on committees. They have perfect attendance, rarely use all vacation days and don’t know what a coffee break is.

Yet, many of their colleagues do the bare minimum to get by. These people learned the Peter Principle and enjoy the same pay and benefits as those who knock themselves out. And they always take more days off. The system allows them to continue, without accountability or the stimulation to try harder.

The active few say they are setting an example by which others will follow. Who? When? Why should the non-involved join the active few, at this late date?

Those of us who have been the ‘active few’ in our organizations did not understand why the ‘non-active many’ did not behave accordingly. We sometimes begrudged the others for not doing their share. Yet, we kept on being active… as if it were a mission to the death.

Lesson Learned: Understand your true motives for going the distance. If you’re really doing it for your own enjoyment and fulfillment, you’re rare. Realities dictate that we all do some things for the good of the company, the job, the community and others. Keep it in balance. Don’t cheat yourself because you are spending energies on the ‘non-active many,’ mostly people who could care less.

Leadership Programs

Community stewardship – for the right reasons – is wonderful. Every executive must devote quality time toward volunteer work, service on boards and community involvement. It builds character, helps their career, showcases their company and pays dividends to the community.

Service in community activities is one of the few win-win propositions. It should be nourished and cherished. Senior executives must mentor young people on their obligations to give back to the community in classy, meaningful and definable ways.

Leadership programs exist in every major city. I went through one and followed with six years on their board of directors (their longest tenured board member). I innovated programs which brought acclaim, prestige, fund-raising, community collaborations and more to that organization.

It was one of the most important things I ever did. It also provided material for this essay, as well as my earlier chapter, ‘Has Beens, Never Wases and Wanna-Bes.’ That was because of the intense jealousy, inflated egos, unrealistic images and ill-planned projects of many of the members.

My reflection and analysis of the leadership program to which I gave 1,700 hours of my time (and covered all expenses out of my pocket) includes the following:

  • Professional Networkers dominate the organization. They are generally mid-managers from corporations, who use the name on the letterhead and the carrot of corporate donations to be treated royally. Most seek from leadership programs what they do not have at the office: prestige, name recognition and power.
  • People who work for non-profit organizations also populate leadership programs. Again, they’re getting what they may not get from their own boards, employees and employees.
  • There are plenty of Hobbyist Networkers…some just for the resume credit and others to troll for business.
  • Political wanna-bes use the organization as a launching pad. They use the mailing list as a fund-raising strategy. Members pressure others to host coffees, attend fund raisers and donate pro-bono time to campaigns. Heaven forbid that you ask for a networking favor in return, because, once elected, they quickly forget you.
  • Public officials who were graduates of the leadership program henceforth use the organization as a bully pulpit for their ideologies, positions and initiatives. Members either support them or are ostracized by the program’s officers.
  • Members besiege each other – with or without the official mailing list – for networking purposes. Someone who barely spoke to you in the program now wants to get you into their multi-level marketing program. Corporate lobbyists assume that you’ll support their initiatives because you are a fellow graduate of their leadership program. You’re on fund-raising mailing lists for everyone’s pet charity. People selling everything from stocks to used cars badger you… under the banner of the leadership program.
  • Then, there were the handful of us who were there for meaningful dialog, relationship building, community synergy and leadership development. Oh, well!

Lesson Learned: All of this sounds like high school student council, doesn’t it? The same personality types tend to be attracted to leadership programs, along with the networkers. No organization is ideal or idealistic. Politics and hidden agendas are everywhere. If the benefits outweigh the negatives, then it was worthwhile. In my opinion, leadership program benefits are infinitely greater than the downsides. Learning stems from perspectives. My learning from leadership programs has far outweighed the other useless and wasted networking initiatives detailed earlier in this essay.

How Quickly They Forget

Some people are creative and innovative. They craft concepts and then turn them over to others to implement or perpetuate. Recipients of other people’s achievements will try to mold them as their own, injecting their touch. Often, it’s not as good as the original creation. The more that people tinker with the concept, it gets watered down. Egos of the latters won’t allow them to consult or involve the originator. In time, the latters will claim it as their brainchild and will not acknowledge the innovator.

I recall creating at least 30 such concepts that took circuitous and downward paths after turning them over to others. Sometimes, my only involvement was destined to be on the front end… giving concepts to fresh faces, with the chance to blossom and grow. Sometimes, the recipient organizations were so ungrateful for the innovation or clueless as to its value that I backed away. Sometimes, the concepts were only meant as one-time projects or to have short-term lives… though others chose to milk a good thing beyond its effectiveness.

It’s tough to create and watch others butcher your idea. That makes it hard to market the concept as your creation.

Lesson Learned: If you are creating ideas and projects and intend to use them as case studies and for business development, get written documentation from authoritative people concerning your creation. Ask for thank-you letters and send to others who will influence the benefits you seek to reap. Apply for awards, where appropriate. Be recognized at their board meetings and other public forums. A pat on the back or a congratulation after an event can be quickly rescinded, when they choose to forget your contributions. Get documentation in writing… acknowledging what you did, how you did it and the long-term implications for what you created.

Questions to Ask About Networking:

  • Is the person making the request a true friend, a business associate or just an acquaintance? Who are they to you, and what would you like for them to be?
  • Will there be outcomes or paybacks for the other person? Will there be outcomes or paybacks for you? If there’s a discrepancy in these answers, how do you feel about it?
  • Are there networking situations which are beneficial for all parties? If so, analyze them, so that you can align with those situations, rather than the fruitless ones?
  • What types of ‘wild goose chases’ have you pursued in your networking career? Analyze them by category, to see patterns.
  • Is the person requesting something of you willing to offer something first?
  • Are the people truly communicating when they network? Or, are hidden agendas the reason for networking? Without communicating wants, it is tough to achieve outcomes.
  • How much time away from business can you take? How does it compare with the business you can or will generate?

Concluding Thoughts on Networking:

  • Networking is a Two-Way Proposition. Associate with those who feel similarly.
  • Show and Demonstrate Respect for Each Other’s Time.
  • Be Careful Not to Pro-Bono Yourself to Death.
  • Budget Networking Time. See your time for networking and volunteering as a commodity. Budget it each year. Examine and benchmark the reasons and results.

Set boundaries, and offer your time on an ‘a la carte’ basis.


About the Author

Hank Moore has advised 5,000+ client organizations worldwide (including 100 of the Fortune 500, public sector agencies, small businesses and non-profit organizations). He has advised two U.S. Presidents and spoke at five Economic Summits. He guides companies through growth strategies, visioning, strategic planning, executive leadership development, Futurism and Big Picture issues which profoundly affect the business climate. He conducts company evaluations, creates the big ideas and anchors the enterprise to its next tier. The Business Tree™ is his trademarked approach to growing, strengthening and evolving business, while mastering change. To read Hank’s complete biography, click here.

The Big Picture of Business – The Book of Acronyms

Organizations are accustomed to looking at concepts and practices one way at a time. Clinging to obsolete definitions and viewpoints have a way of perpetuating companies into downward spirals.

By viewing from others’ viewpoints on life, we find real nuggets of gold with which to redefine organizations.

Companies that adopt new viewpoints and defy their conventional definitions will create new opportunities, organizational effectiveness, marketplaces and relationships.

As a Big Picture business strategist, I encourage clients toward adopting new ways of thinking about old processes, including those which brought past and enduring successes. Symbolic are these phrase definitions which I have created for familiar business words. I have created new acronyms for well-known business terms, in order to help us visualize opportunities differently.

My acronym for BUSINESS:
Big-picture
Understanding
Symbiosis
In
Nomenclature,
Economics,
Systems, and
Services

WORK:
Windows of
Opportunity,
Requiring
Know-how

My acronym for GOALS:
Getting
Organized
Allowing
Lifeblood
Systems

Growth
Opportunities
And
Legacy
Support

THINK:
To
Have
Ideas,
New
Keys

FAILURE:
Finding
Answers
In
Life,
Utilizing
Retrospective
Enlightenment

SETBACK:
See
Experiences
in Terms of
Business
Accomplishments,
Commending
Knowledge

SUCCESS:
Sophisticated
Utilizing of
Conditions,
Contributions,
Energies,
Strengths and
Synergies

My acronyms for FEAR:
Find
Excellence
After
Reflection

Formulating
Energies
Actions and
Responsibilities

TECHNOLOGY
Teaching
Excellence
Can
Have
Numerous
Outcomes on the
Life
Of the
Global
You

WEB:
Worthwhile
Economical
Business

EMAIL:
Enlightening
Marketplaces
And
Initiating
Links

PAST:
Perspectives
And
Systematic
Thoughts

FUTURISM
Fully
Utilized
Thinking
Underscoring
Retrospective
Insights
Synergizing
Methodologies

QUALITY:
Quintessential
Understanding of
Actions,
Linkages, and
Information
Taught to
You

AWARD:
Amazing
Wins
Are
Really
Deserved

PLANNING:
Process to
Learn
Alternatives,
Narratives,
Notations, and
Insights
Necessary for
Growth

TEAM:
Training and
Education…
Always
Meaningful

My acronyms for VISION:
Valuable
Intelligence
Search
In
Organizational
Networks

Viewing
Ideas,
Systems,
Insights and
Occasional
Newness

STAR:
Super
Talent,
Acting
Responsibly

DECISION
Duty for
Executives to
Communicate
Issues,
Symbolisms, and
Important
Organizational
Necessities

SPEECH:
Sophisticated
Presentation
Equates
Enlightenment,
Communication and
Harmony

ETHICS
Enlightened
Thinking…
Holding
Ideologies,
Commitments,
Sensitivities

The purpose of any business is not just to make money. It is to be just:

  • Committed to customers.
  • Respectful of employees.
  • Successful enough to grow, pay its dues and continue growing.
  • Upholding standards of quality and commitment.
  • Focused through everything else we back to our customers.

Too often, one hears about what goes wrong in business relationships. From our viewpoint, if business is conducted honorably and professionally, then profitability and success flow from doing the right things… not from pursuing false goals.

The best successes are earned and learned. We should not take good fortune for granted. Business track records are garnered by going the distance, reading the trends and continually changing. As the years go by, one continues paying dues. Learning, experiencing and evaluating is the best process to achieve lasting success. The best dues yield nuggets of wisdom that couldn’t have been earned any other way.

The smartest person is the one who knows what he-she does not know. With maturity comes the quest to learn more, understand the factors and apply newly acquired insights to higher purposes. The person who commits to a path of professional development never stops achieving… and profitably impacts his-her business relationships.

Language is food for the mind. Browse a dictionary, and you create new ideas. Words are fun and connect your business to tomorrow. Technology cannot take the place of human communication… only may add to it. Every opportunity should be taken to enhance literacy skills of employees and entire organization. The language of success is initially found in a dictionary.

My acronyms for EDUCATION:
Standpoint of students:
Earning
Distinction
Usually
Capitalizes
After
Training and
Instruction
Optimize
Net-rewards

Standpoint of teachers:
Each
Day
Unleash
Creativity
After
Teaching and
Inspiration
Occur
Noticeably

MUSIC:
Masterfully
Utilizing
Symbiosis,
Imagination and
Congruence

HEALTH:
Honoring
Excellence
Allows
Leadership
Toward
Humanity

FINANCE
Formulating
Information,
Notations
And
Newly
Changing
Efficiencies

RESEARCH:
Reasoned
Enlightenment,
Seeking
Education
And
Responsibly
Connecting
Hypotheses

TRUTH:
Teach
Realities
Uniformly
Through
Harmony

COMMUNITY
Citizens
Offering
Missions,
Methodologies,
Unification,
Needs and
Interconnections
To
You

MEETING:
Minds
Excercising
Effectiveness
Through
Ideas,
Negotiating
Goals

MONEY:
Mounting
Organizational
Necessities
Equal
Yields

BROKER:
Business
Resource for
Opportunities and
Keywords for
Economic
Rewards

SELL:
Skillfully
Explaining
Linking
Language

Seeking
Enlightenment…
Listening and
Learning

CHANGE:
Continually
Having dedicated
A
Natural
Guidepost
Effect

DIVERSITY:
Different
Ideas,
Visions,
Energies,
Realities,
Symbolisms and
Insights
Throughout
Yourself

LEARNING:
Legacy
Encompasses
All
Resource
Narratives
Introducing
Noticeable
Galvanization

KNOWLEDGE
Kaleidescopic
Nucleus
Of
Weighed
Learning
Embracing
Development,
Growth and
Effervescence

WISDOM
We
Influence
Society
Due to
Our
Mastery

REWARDS
Reap
Expectations
With
A
Resilient,
Durable
System

RESPECT
Responsibilities
Epitomize
Sophisticated
Perspectives,
Earning
Commensurate
Truths

TRAINING
Teaching
Radiant
And
Innovative
Nourishment
Inspires
Natural
Growth

LISTEN
Language
In
Studying
The
Evident
Networks

PROBLEM
Polarizing
Routine
Obstacles
By
Letting
Elegance
Materialize

SERVICE
Securing
Excellence
Requires
Visualizing
Innovating
Customer
Effectiveness

PROGRESS
Pursuing
Royal
Objective
Gauges…
Rewarding
Empowered
Super
Service

FORTUNE
Future
Operations
Require
Teams
Understanding
Needs and
Expectations

INNOVATE
Imagining
Niches and
Norms,
Optimizing
Valuable
Alliances,
Training and
Experiences

Every business, company or organization goes through cycles in its evolution. At any point, each program or business unit is in a different phase from others. The astute organization assesses the status of each branch on its Business Tree™ and orients its management and team members to meet constant changes and fluctuations. Going ‘outside the box’ to shift perceptions enables any company to think, plan and operate in productive new ways.

Characteristics of Creative Business Definitions… thus, Company Philosophy…

  • Focus upon the customer.
  • Honor the employees.
  • Show business life as a continuous quality process (not a quick fix or rapid gain).
  • Portray their company as a contributor (not a savior).
  • Clearly define their niche (not trying to be all things).
  • Say things that inspire you to think.
  • Compatible with other company activities and behaviors.
  • Remain consistent with their products, services and track record.

About the Author

Hank Moore has advised 5,000+ client organizations worldwide (including 100 of the Fortune 500, public sector agencies, small businesses and non-profit organizations). He has advised two U.S. Presidents and spoke at five Economic Summits. He guides companies through growth strategies, visioning, strategic planning, executive leadership development, Futurism and Big Picture issues which profoundly affect the business climate. He conducts company evaluations, creates the big ideas and anchors the enterprise to its next tier. The Business Tree™ is his trademarked approach to growing, strengthening and evolving business, while mastering change. To read Hank’s complete biography, click here.

The Big Picture of Business – Setting, Meeting, and Benefiting from Goals

Businesses should review their Strategic Plan annually. New year projections are the best time to benchmark progress and adjust sights for the coming term.

Additionally, corporate executives must have personal goals written, in conjunction with a professional business coach or mentor. Goals require measurable objectives, with realistic dates and percentages for successful accomplishment.

Goals should also focus upon balance between corporate ideals and a healthy personal life for executives.

Reasons for Goal Setting:

  1. Human beings live to attract goals.
  2. Organizations get people caught in activity traps… unless managers periodically pull back and reassess in terms of goals.
  3. Managers lose sight of their employees’ goals. Employees work hard, rather than productively. Mutually agreed-upon goals are vital.
  4. People caught in activity traps shrink, rather than grow, as human beings. Hard work that produces failures yields apathy, inertia and loss of self-esteem. People become demeaned or diminished as human beings when their work proves meaningless. Realistic goals can curb this from happening.
  5. Failure can stem from either non-achievement of goals or never knowing what they were. The tragedy is both economic and humanistic. Unclear objectives produce more failures than incompetence, bad work, bad luck or misdirected work.
  6. When people know and have helped set their goals, their performance improves. The best motivator is knowing what is expected and analyzing one’s one performance relative to mutually agreed-upon criteria.
  7. Goal attainment leads to ethical behavior. The more that an organization is worth, the more worthy it becomes.
  8. Most management subsystems succeed or fail according to the clarity of goals of the overall organization.

How to Find Goals:

  1. Examine problems.
  2. Study the organization’s core business.
  3. Strengths, Weaknesses, Opportunities and Threats.
  4. Portfolio analysis.
  5. Cost containment.
  6. Human resources development.
  7. Motivation and commitment.

Make Goal Setting a Reality:

  1. Start at the top.
  2. Adopt a policy of strategic planning.
  3. Strategic goals and objectives must filter downward throughout all the organization.
  4. Training is vital.
  5. Continual follow-up, refinement and new goal setting must ensue.
  6. Programs must be competent, effective and benchmarked.
  7. A corporate culture must foster all goal setting, policies, practices and procedures.

Priorities:

  1. Focus on important goals.
  2. Make goals realistic, simple and attainable.
  3. Reward risk takers.
  4. Recognize that trade-offs must be made.
  5. Goals release energy.
  6. Information leads to dissemination, leading to teaching-training, leading to insight, leading to understanding, leading to knowledge, leading to wisdom.
  7. View goals as long-term, rather than short-term.

Rules for Budgeting-Planning:

  1. Use indicators and indices wherever they can be used.
  2. Use common indicators where categories are similar, and use special indicators for special jobs.
  3. Let your people participate in devising the indicators.
  4. Make all indicators meaningful, and retest them periodically.
  5. Use past results as only one indicator for the future.
  6. Have a reason for setting all indicators in place.
  7. Indicators are not ends in themselves… only a means of getting where the organization needs to go. Indicators must promote action. Discard those that stifle action.

Developmental Discipline:

  1. Discipline at work is accepted, for the most part, voluntarily. If not voluntarily accepted, it is not legitimate.
  2. Discipline is a shaper of behavior, not a punishment.
  3. The past provides useful insights into behavior, but it is not the only criteria to be used.

Applying Developmental Discipline:

  1. Rules and regulations must be known by all employees.
  2. Disciplinary action should occur as close to the time of violation as possible.
  3. The accused person must be presented with the facts and the source of the facts.
  4. The specific rule that was broken must be stated.
  5. The reason for the rule being enacted should be stated.
  6. The accused person must be asked if he-she agrees with the facts, as stated. If the reply is affirmative, he-she should justify the behavior.
  7. Corrective action should be discussed in positive and pro-active terms.

Ways in Which Goals Improve Effectiveness:

  1. Defines effectiveness as the increase in value of people and their activities as resources.
  2. Recognizes that humans are achievement and success creatures.
  3. Goals infuse meaning into work and work into other aspects of life. Life is fully lived when it has meaning.
  4. One cannot succeed without definitions of success. One must expect something to achieve success.
  5. Failure is inevitable and is the best learning curve for success.
  6. One’s goals start from within, not from work situations. The goal-oriented person adapts to the work environments.
  7. Collaborations with other people create success. One cannot be successful alone or working in a vacuum.
  8. One is always dependent upon other people, and other people are dependent upon you.
  9. Commitments must be made to other people.
  10. One must view the future and change as affirmative, in order to succeed.
  11. Knowledge of results is a powerful force in growing and learning.
  12. Without goals, one cannot operate under self-control.
  13. Objectives under one’s own responsibility helps one to identify with the objectives of the larger organization of which he-she is a part. Sense of belonging is enhanced.
  14. Achieving goals which one set and to which one commits enhances a person’s sense of adequacy.
  15. People who set and are striving to achieve goals together have a sense of belonging, a major motivator for humanity.
  16. Because standards are spelled out, one knows what is expected. The main reason why people do not perform is that they do not know what is expected of them.
  17. Through goal setting and achievement, one becomes actualized.
  18. Goal setting creates a power of one’s life…especially the part that relates to work.
  19. With goals, one can be a winner. Without goals, one never really succeeds… he or she merely averts-survives the latest crisis.

About the Author

Hank Moore has advised 5,000+ client organizations worldwide (including 100 of the Fortune 500, public sector agencies, small businesses and non-profit organizations). He has advised two U.S. Presidents and spoke at five Economic Summits. He guides companies through growth strategies, visioning, strategic planning, executive leadership development, Futurism and Big Picture issues which profoundly affect the business climate. He conducts company evaluations, creates the big ideas and anchors the enterprise to its next tier. The Business Tree™ is his trademarked approach to growing, strengthening and evolving business, while mastering change. To read Hank’s complete biography, click here.

The Big Picture of Business – Planning and Budgeting in Downsized Times

Getting the funds that you need from tight fisted management is an ongoing process. Cash outlays are justifiable either by dollars they bring in or dollars they stand to save for the organization. Cash outlays are always risks. Justify your risks in proportion to riskier ones they have previously funded. Validate your worth to the overall company operation.

Under the rules of supply chain dynamics, one must study your supplier relationships, formalize a plan of outsourcing and develop collaborations.

Methods of changing the way that you go for funds include:

  • Take money with you. Show returns or savings on previous appropriations.
  • Position your request as an investment, not a cost.
  • Sell management-clients on acquiring more returns on their investments, not just on making further investments.
  • Be visible when funds are flowing.
  • Reduce management’s risk in doing business with you.
  • Be a consistent producer of profit-improving outcomes, not just a spotty or hit-and-miss producer.

Corporate management has three alternatives for funding every department: (1) Must fund. (2) May or may not fund. (3) Will not fund. The three horsemen of funding are: (1) How much. (2) How soon. (3) How sure.

These are ways to advance your funding process:

  • Put money in management’s pockets.
  • Get to the front of the line for funding requests.
  • Acquire an upper-management mindset.
  • Condense the funding cycle.
  • Become top management’s partner in efficiency of operations.

Base Budgets on Value… Not on Cost

1. Readily measurable values:

  • Time and cost of product development-service delivery cycles.
  • Reject, rework and make-good rates.
  • Downtime rates and meantime between downtimes.
  • Meantime between billings and collections.
  • Product-service movement at business-to-business levels.
  • Product-service movement at retail levels.
  • Product-service movement in the aftermarket (resales, repeat business, referrals, followup engagements).

2. Values in terms of savings:

  • Time and motion savings.
  • Inventory costs.
  • Speed of order entry.

3. Values in terms of efficiencies:

  • Meantime between new product introductions.
  • Forecast accuracy, compared to actual results.
  • Speed, accuracy and efficiency of project fulfillment.
  • Productivity gained.
  • Continuous quality improvement within your own operation.

4. Values benefiting other aspects of the company operation:

  • Quality improved on behalf of the overall organization.
  • Creative new ideas generated.
  • Empowerment of employees and colleagues to do better jobs.
  • Information learned.
  • Applications of your work toward other departments’ objectives.
  • Satisfaction in your service elevated.
  • Voiced-written confidence, recognition, referrals, endorsements, etc.
  • Capabilities enhanced to work within the total organization.
  • Reflections upon the organization’s Big Picture.
  • Contributions toward the organization’s Big Picture (corporate vision).

7 Steps Toward Getting Your Budgets Accepted More Readily:

  1. Commitment toward strategic planning for your function-department-company.
  2. Know your values.
  3. Refine your values.
  4. Control your values.
  5. Add value via internal services.
  6. Take ownership of your values.
  7. Continue raising the bar on values.

7 Stages in Making a Case for Business Funding:

  1. Link to a strategic business objective.
  2. Diagnose a competitively disadvantaging problem or an unrealized opportunity for competitive advantage.
  3. Prescribe a more competitively advantaged outcome.
  4. Cost the benefits of the improved cash flows and diagram the improved work flows that contribute to them.
  5. Team the project.
  6. Maintain accountability and communications toward top management.
  7. Contribute to the organization’s Big Picture.

Reasons for Goal Setting:

  1. Human beings live to attract goals.
  2. Organizations get people caught in activity traps… unless managers periodically pull back and reassess in terms of goals.
  3. Managers lose sight of their employees’ goals. Employees work hard, rather than productively. Mutually agreed-upon goals are vital.
  4. People caught in activity traps shrink, rather than grow, as human beings. Hard work that produces failures yields apathy, inertia and loss of self-esteem. People become demeaned or diminished as human beings when their work proves meaningless. Realistic goals can curb this from happening.
  5. Failure can stem from either non-achievement of goals or never knowing what they were. The tragedy is both economic and humanistic. Unclear objectives produce more failures than incompetence, bad work, bad luck or misdirected work.
  6. When people know and have helped set their goals, their performance improves. The best motivator is knowing what is expected and analyzing one’s one performance relative to mutually agreed-upon criteria.
  7. Goal attainment leads to ethical behavior. The more that an organization is worth, the more worthy it becomes.
  8. Most management subsystems succeed or fail according to the clarity of goals of the overall organization.

How to Find Goals:

  1. Examine problems.
  2. Study the organization’s core business.
  3. Strengths, Weaknesses, Opportunities and Threats.
  4. Portfolio analysis.
  5. Cost containment.
  6. Human resources development.
  7. Motivation and Commitment.

Make Goal Setting a Reality:

  1. Start at the top.
  2. Adopt a policy of strategic planning.
  3. Strategic goals and objectives must filter downward throughout all the organization.
  4. Training is vital.
  5. Continual followup, refinement and new goal setting must ensue.
  6. Programs must be competent, effective and benchmarked.
  7. A corporate culture must foster all goal setting, policies, practices and procedures.

Priorities:

  1. Focus on important goals.
  2. Make goals realistic, simple and attainable.
  3. Reward risk takers.
  4. Recognize that trade-offs must be made.
  5. Goals release energy.
  6. Information leads to dissemination, leading to teaching-training, leading to insight, leading to understanding, leading to knowledge, leading to wisdom.
  7. View goals as long-term, rather than short-term.

Rules for Budgeting-Planning:

  1. Use indicators and indices wherever they can be used.
  2. Use common indicators where categories are similar, and use special indicators for special jobs.
  3. Let your people participate in devising the indicators.
  4. Make all indicators meaningful, and retest them periodically.
  5. Use past results as only one indicator for the future.
  6. Have a reason for setting all indicators in place.
  7. Indicators are not ends in themselves…only a means of getting where the organization needs to go.
  8. Indicators must promote action. Discard those that stifle action.

Developmental Discipline:

  1. Discipline at work is accepted, for the most part, voluntarily. If not voluntarily accepted, it is not legitimate.
  2. Discipline is a shaper of behavior, not a punishment.
  3. The past provides useful insights into behavior, but it is not the only criteria to be used.

Applying Developmental Discipline:

  1. Rules and regulations must be known by all employees.
  2. Disciplinary action should occur as close to the time of violation as possible.
  3. The accused person must be presented with the facts and the source of the facts.
  4. The specific rule that was broken must be stated.
  5. The reason for the rule being enacted should be stated.
  6. The accused person must be asked if he-she agrees with the facts, as stated. If the reply is affirmative, he-she should justify the behavior.
  7. Corrective action should be discussed in positive and pro-active terms.

Ways in Which Goals Improve Effectiveness:

  1. Defines effectiveness as the increase in value of people and their activities as resources.
  2. Recognizes that humans are achievement and success creatures.
  3. Goals infuse meaning into work and work into other aspects of life. Life is fully lived when it has meaning.
  4. One cannot succeed without definitions of success. One must expect something to achieve success.
  5. Failure is inevitable and is the best learning curve for success.
  6. One’s goals start from within, not from work situations. The goal-oriented person adapts to the work environments.
  7. Collaborations with other people create success. One cannot be successful alone or working in a vacuum.
  8. One is always dependent upon other people, and other people are dependent upon you.
  9. Commitments must be made to other people.
  10. One must view the future and change as affirmative, in order to succeed.
  11. Knowledge of results is a powerful force in growing and learning.
  12. Without goals, one cannot operate under self-control.
  13. Objectives under one’s own responsibility helps one to identify with the objectives of the larger organization of which he-she is a part. Sense of belonging is enhanced.
  14. Achieving goals which one set and to which one commits enhances a person’s sense of adequacy.
  15. People who set and are striving to achieve goals together have a sense of belonging, a major motivator for humanity.
  16. Because standards are spelled out, one knows what is expected. The main reason why people do not perform is that they do not know what is expected of them.
  17. Through goal setting and achievement, one becomes actualized.
  18. Goal setting creates a power of one’s life…especially the part that relates to work.
  19. With goals, one can be a winner. Without goals, one never really succeeds…he-she merely averts-survives the latest crisis.

About the Author

Hank Moore has advised 5,000+ client organizations worldwide (including 100 of the Fortune 500, public sector agencies, small businesses and non-profit organizations). He has advised two U.S. Presidents and spoke at five Economic Summits. He guides companies through growth strategies, visioning, strategic planning, executive leadership development, Futurism and Big Picture issues which profoundly affect the business climate. He conducts company evaluations, creates the big ideas and anchors the enterprise to its next tier. The Business Tree™ is his trademarked approach to growing, strengthening and evolving business, while mastering change. To read Hank’s complete biography, click here.

The Big Picture of Business: Leadership for the New Order of Business Part 2

Within every corporate and structure, there exists a stair-step ladder. One enters the ladder at some professional level and is considered valuable for the category of services for which he or she has expertise. This ladder holds true for managers and employees within the organization, as well as outside consultants brought in.

Each professional rung on the ladder is important. At whatever level one enters the ladder, he-she should be trained, measured for performance and fit into the organization’s overall scope. This is the stair-step, paralleling The Business Tree:

  1. Resource. One has experience with equipment, tools, materials and schedules.
  2. Skills and Tasks. One is concerned with activities, procedures and project fulfillment.
  3. Role and Job. The position is defined according to assignments, responsibilities, functions, relationships, follow-through and accountability.
  4. Systems and Processes. These are managers, concerned with structure, hiring, control, work design, supervision and the effects of management decisions.
  5. Strategy. These executives spend much of their energies on planning, tactics, organizational development and business development.
  6. Culture and Mission. Upper management is most effective when it frames business decisions toward values, customs, beliefs, goals, objectives and the benchmarking of tactics.
  7. Philosophy. These are the visionaries who advise management in refining the organizational purpose, vision, quality of life, ethics and contributions toward the company’s long-term growth.

One rarely advances more than one rung on the ladder during the course of service to the organization unless he/she embodies that wider scope. The professional who succeeds the most is the one who sees himself/herself in the bigger picture and contextualizes what they do accordingly.

Value-added leadership is a healthy way of professional life that puts collaborations first. When all succeed, then profitability is much higher and more sustained than under the Hard Nose management style.

Value-added leadership requires a senior team commitment. Managers and employees begin seeing themselves as leaders and grow steadily into those roles. It is not acceptable to be a clone of what you perceive someone else to be. Those organizations and managers who use terms like ‘world class’ are usually wanna-be’s who won’t ever quite make the measuring stick.

Leadership means being consistently excellent and upholding standards to remain so. There is no such thing as perfection. Yet, excellence is a definitive process of achievement, dedication and expeditious use of resources. Exponential improvement each year is the objective.

Good professionals must be role models. Leadership comes from inner quests, ethical pursuits and professional diligence. Often, we teach others what we were never taught or what we learned the hard way. That’s how this book came into being…there was no executive encyclopedia for those to make it long-term. Those who take that knowledge into practice will lead their business and industry.

If every executive devoted at least 10% of his-her time to these activities, then corporate scandals would not occur. Thinking and reasoning skills are not taught in school, and they are amassed through a wealth of professional experiences. Planning is the thread woven through this book, and it is the key to the future. One can never review progress enough, with benchmarking being the key to implementing plans.

Many organizations fall into the trap of calling what they are doing a ‘tradition.’ That is an excuse used by many to avoid change and accountability. Just because something has been done one or two times, realize that it will get old and stale. Traditions are philosophies that are regularly fine-tuned, with elements added. Traditions are not stuck in ruts, though failing companies are.

If I could determine curriculum, every business school would require public speaking and writing courses. I’d have every professional development program devote more to leadership and thinking skills than they do to computer training. I’d also have courses with such titles as ‘The Business Executive as Community Leader,’ ‘Mentoring Your Own Staff’ and ‘Role Model 101.’

Management leads in strategically planned companies

Companies that are planned and have developed strategies to meet the future now subscribe to results based management, with the goal to improve program effectiveness, accountability and achieve results. This means that company leadership is committed to:

  • Establishing clear organizational vision, mission and priorities, which are translated into a four-year framework of goals, outputs, indicators, strategies and resources.
  • Encouraging an organizational and management culture that promotes innovation, learning, accountability, and transparency.
  • Delegating authority, empowering managers and holding them accountable for results.
  • Focusing on achieving results, through strategic planning, regular monitoring of progress, evaluation of performance, and reporting on performance.
  • Creating supportive mechanisms, policies and procedures, building and improving on what is already in place.
  • Sharing information, knowledge, learning lessons and feeding these back into improving decision-making and performance.
  • Optimizing human resources and building capacity among staff to manage for results.
  • Making the best use of financial resources in an efficient manner to achieve results.
  • Strengthening and diversifying partnerships at all levels.
  • Responding to external situations and needs within the organizational mandate.
  • We are the products of those who believe in us. Find role models and set out to be one yourself. To get, you must give. Career and life are not a short stint. Do what it takes to run the decathlon. Set personal and professional goals, standards and accountability.

    Stand for something. Making money is not enough. You must do something worth leaving behind, mentoring to others and of recognizable substance. Your views of professionalism must be known and shown.

    Mentoring and lifelong learning

    Professionals who succeed the most are the products of mentoring. I heartily endorse those that find a great mentor. I have had many excellent ones in my long career and have in turn mentored hundreds of others.

    The mentor is a resource for business trends, societal issues and opportunities. The mentor becomes a role model, offering insights about their own life-career. This reflection shows the mentee levels of thinking and perception which were not previously available. The mentor is an advocate for progress and change. Such work empowers the mentee to hear, accept, believe and get results. The sharing of trust and ideas leads to developing business philosophies.

    The mentor endorses the mentee, messages ways to approach issues, helps draw distinctions and paints pictures of success. The mentor opens doors for the mentee. The mentor requests pro-active changes of mentee, evaluates realism of goals and offers truths about path to success and shortcomings of mentee’s approaches. This is a bonded collaboration toward each other’s success. The mentor stands for mentees throughout their careers and celebrates their successes. This is a lifelong dedication toward mentorship… in all aspects of one’s life.

    The most significant lessons that I learned in my business life from mentors, verified with experience, are shared here:

    1. You cannot go through life as a carbon copy of someone else.
    2. You must establish your own identity, which is a long, exacting process.
    3. As you establish a unique identity, others will criticize. Being different, you become a moving target.
    4. People criticize you because of what you represent, not who you are. It is rarely personal against you. Your success may bring out insecurities within others. You might be what they cannot or are not willing to become.
    5. If you cannot take the dirtiest job in any company and do it yourself, then you will never become ‘management.’
    6. Approach your career as a body of work. This requires planning, purpose and commitment. It’s a career, not just a series of jobs.
    7. The person who is only identified with one career accomplishment or by the identity of one company for whom he-she formerly worked is a one-hit wonder and, thus, has no body of work.
    8. The management that takes steps to “fix themselves” rather than always projecting problems upon other people will have a successful organization.
    9. It’s not when you learn. It’s that you learn.
    10. Many people do without the substantive insights into business because they have not really developed critical thinking skills.
    11. Analytical and reasoning skills are extensions of critical thinking skills.
    12. You perform your best work for free. How you fulfill commitments and pro-bono work speaks to the kind of professional that you are.
    13. People worry so much what others think about them. If they knew how little others thought, they wouldn’t worry so much. This too is your challenge to frame how they see you and your company.
    14. Fame is fleeting and artificial. The public is fickle and quick to jump on the newest flavor, without showing loyalty to the old ones, especially those who are truly original. Working in radio, I was taught, ‘They only care about you when you’re behind the microphone.’
    15. The pioneer and ‘one of a kind’ professional has a tough lot in life. It is tough to be first or so far ahead of the curve that others cannot see it. Few will understand you. Others will attain success with portions of what you did. None will do it as well.
    16. Consumers are under-educated and don’t know the substance of a pioneer. Our society takes more to the copycats and latest fads. Only the pioneer knows and appreciates what he/she really accomplished. That reassurance will have to be enough.
    17. Life and careers include peaks and valleys. It’s how one copes during the ‘down times’ that is the true measure of success.
    18. Long-term success must be earned. It is not automatic and is worthless if ill-gotten. The more dues one pays, the more you must continue paying.
    19. The next best achievement is the one you’re working on now, inspired by your body of knowledge to date.
    20. The person who never has aggressively pursued a dream or mounted a series of achievements cannot understand the quest of one with a deeply committed dream.
    21. A great percentage of the population does not achieve huge goals but still admires and learns from those who do persevere and succeed. The achiever thus becomes a lifelong mentor to others.
    22. Achievement is a continuum, but it must be benchmarked and enjoyed along the way.

    These are my concluding pieces of leadership advice. Know where you are going. Develop, update and maintain a career growth document. Keep a diary of lessons learned but not soon forgotten. Learn the reasons for success and, more importantly, from failure.

    Good bosses were good employees. They have keen understanding for both roles. Bad bosses likely were not ideal employees. They too are consistent in career history.

    Being your own boss is yet another lesson. People who were downsized from a corporate environment suddenly enter the entrepreneurial world and find the transition to be tough.

    Poor people skills cloud any job performance and overshadow good technical skills. The worst bosses do not sustain long careers at the top. Their track record catches up with them, whether they choose to acknowledge it or not.

    Good workers don’t automatically become good bosses. Just because someone is technically proficient or is an exemplary producer does not mean that he-she will transition to being a boss. The best school teachers do not want to become principals, for that reason. Good job performers are better left doing what they do best. Administrators, at all levels, need to be properly trained as such, not bumped up from the field to do something for which they have no inclination.

    Truth and ethics must be woven into how you conduct business. If you do not ‘walk the talk,’ who will? Realize that very little of what happens to you in business is personal. Find common meeting grounds with colleagues. The only workable solution is a win-win.

    Leadership and executive development skills are steadily learned and continually sharpened. One course or a quick-read book will not instill them. The best leaders are prepared to go the distance. Professional enrichment must be life-long. Early formal education is but a starting point. Study trends in business, in your industry and in the industries of your customers.
    People skills mastery applies to every profession. There is no organization that does not have to communicate to others about what it does. The process of open company dialogues must be developed to address conflicts, facilitate win-win solutions and further organizational goals.


    About the Author

    Hank Moore has advised 5,000+ client organizations worldwide (including 100 of the Fortune 500, public sector agencies, small businesses and non-profit organizations). He has advised two U.S. Presidents and spoke at five Economic Summits. He guides companies through growth strategies, visioning, strategic planning, executive leadership development, Futurism and Big Picture issues which profoundly affect the business climate. He conducts company evaluations, creates the big ideas and anchors the enterprise to its next tier. The Business Tree™ is his trademarked approach to growing, strengthening and evolving business, while mastering change. To read Hank’s complete biography, click here.