Strategy – Where Do I Begin?

So, now that you have freed up some of your time you can focus a little more on strategy.

Yes!! … Or yikes?

The word strategy can be a little intimidating. You know you want your team to be working together better, developing new ideas, or hitting new sales goals – but sometimes it’s hard to know where to start.

Larry Page, the CEO and cofounder of Google, has revolutionized the industry (and really the world) by using a strategy called 10X thinking.

10X thinking works like this…

Most companies, leaders, and managers look at their current situation and strategize how to grow whatever they are doing by 10%.

For example, if we want our team to work together better we may look at how to improve collaboration. To improve collaboration by 10% we would probably schedule one additional brainstorming meeting a week.

But in 10X thinking, we would strategize how to have our team improve collaboration by 10 times – or over 100%.

Using this method, to improve collaboration would be to totally restructure how the team works, where they are seated, how they present ideas, and how they execute work.

10X thinking completely changes the perspective in solving a problem or growing a team because it looks at revolutionizing the entire process vs. trying to improve one aspect and being less likely to think innovatively and outside the box.

This week, choose one aspect of your team or management life where you would like to become 10X more effective!

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I Just Don’t Have Time!

Even if you are not usually a list-loving person, the chances are, with all that’s on your plate – you have lots of lists.

And, adding something – anything – to that list just makes it feel even more impossible to get everything done.

When we heard from Lisa Harper, an executive Coach for over 20 years, she said that one reason we don’t delegate is because, “we feel we don’t have time to explain the project or task and we think it’s easier to just do it ourselves, not thinking about the long term impact this can have”.

Ringing a (rather loud) bell?

Here’s what she suggests:

Lisa HarperConsider the long term benefits of delegation versus the small amount of time invested to delegate a task.  Is it more productive to spend a little time now teaching someone else how to do something or continue to do it yourself?

Understand that one of the key responsibilities for managers is the building of their talent bench. Your employees deserve work that challenges and stretches their capabilities.  Delegating interesting projects and tasks is a way to do that.  

Remember that a lack of delegation can translate into unmotivated employees resulting in turnover which is expensive and even more time-consuming.

Many of my clients tell me their manager wants them to be more strategic.  Use this time to focus on the higher level goals of your business, team or work group.”

Wow! Thanks, Lisa!

Take a look at the week ahead and all you have to accomplish.

Even though finding the time to train someone on the new task may seem impossible, consider Lisa’s suggestions above and think about the long-term benefits of you delegating a task next week!