Episode E4.006 Start Management by Meeting - new owner/ceo role of tracking progress and results from MBO
RESULTS RADIO..."Let's Grow Together"
Hope everyone is looking forward to a great week. We have a few announcements to make about growth of the IBGR Network.
First, we are doubling the number of new and returning visitors to the site. July was twice June’s numbers and we beat July’s numbers over the weekend.
Second, with the addition of Gambia on Sunday, IBGR is now heard by entrepreneurs in 100 countries. That is 51% of all the countries on the planet.
Third, we have declared war on Covid19. That is not on the disease itself, just a worse variant of the flu. Our declaration is aimed at those politicians and bureaucrats that are making arbitrary, non-science based decisions on economic activity. People with no skin in the game, collecting checks from our taxes are deciding which business lives or dies. If you do your own research, a stark reality will become apparent - what is happening in your country is not based on science - it is based on power and control.
Check these articles out as reference points:
Put all of this together and we are your advocates against the forces of statism and command economies. We understand entrepreneurs are a different breed that don’t live by the leave of others - why? Because everyone at and associated with the station are entrepreneurs. We are building a network of ideas, insights, and tools that will help you navigate the pandemic and beyond.
JOIN our community and Let’s Grow Together!
Have a great business week.
Show Objectives - The Why
Meetingitis is a real thing. So is death by meetings. As the business owner, you must determine what warrants a meeting, how to hold effective meetings and how to model a system wide meeting plan that is mandated and followed at every level of your organization. This is called Meeting by Objective or MBO.
When done right, there will be a waterfall effect that flows from the top down and a rollup effect that ensures pertinent and key information is disseminated back up the chain. All meetings should address one of three goals: Alignment, Calibration or Improvement. Anything else could probably be taken care of in an email.
Key Issues - Owner Perspective:
What You Need to Know - The What
Often, leaders in any organization turn into “the boy who cried wolf.” Something comes up and a decision needs to be made so the immediate thought is to hold a meeting. This is not the most effective strategy. Meetings call personnel away from their task lists and are momentum killers. Having said that, there are three strategic reasons to hold a meeting with key players.
The first happens at the beginning of a new project or workflow. Hold an Alignment meeting to ensure everyone is briefed and understands their role and success measures. The second is to hold calibration meetings. You want to bring teams together to check on progress, identify pitfalls and make course adjustments if needed. Finally, once the project is complete, hold an after action review to identify both strengths and weaknesses. Keep it positive by focusing on what could be done better the next time.
What You Need to Do - The How
Written by Donna Kunde
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