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Every year, PROFIT Magazine turns successful entrepreneurs into the heroes of Canadian business through its Canada’s Fastest-Growing Companies program. Now, to mark its 25th year, the ranking is expanding to celebrate 500 of Canada’s best and brightest companies. Once again, ViRTUS is proud to be a sponsor.
If your business has grown by just 50% or more in the past five years, apply now at PROFIT500.com.
The WordPress.com stats helper monkeys prepared a 2012 annual report for this blog.
Here’s an excerpt:
4,329 films were submitted to the 2012 Cannes Film Festival. This blog had 20,000 views in 2012. If each view were a film, this blog would power 5 Film Festivals
Simply saying “I want to see you thinking more strategically” isn’t direct or specific enough to help guide people in the right direction. Thinking strategically is essentially a way of being – a mindset, a way of looking at things and linking them together.
Here are eight things you can do to improve strategic thinking.
Understand value creation and differentiation. Leaders understand the business and industry they are in, but it’s more than that. You need to understand how the industry adds value to customers and how your business differentiates that value equation from your competitors.
Connect “me to we” to “they to us” (operations to strategy). As a leader you need to be able to understand the overall corporate direction and strategy in the context of your team and your own personal areas of responsibility. Think of it like this: the strategic moves we make today are setting up the operational successes we have in the future. So the better understanding you and your team have of the connection between corporate goals and the work they do day-to-day, the more likely they and you are to focus on longer-term priorities versus staying mired in operations and shiny objects.
Here’s a possible framework to structure weekly team meetings within your business and keep them on track and worth attending.
- Personal update: everyone shares the good, bad and ugly of what’s going on with them. This helps explain everyone’s context and helps build trust.
- Top three: have everyone in the room state the top three things they’re focused on over the next week.
- Stuck points: have everyone list what the key thing is that’s holding them back. It can be resources, health, time, people, information, technology – anything. Continue reading