Best tips for risk management


You Announced Your New Strategy - Now What?

How many times have you announced a bigbehavioral DNA of the company to your new
strategy or organization change and just whenstrategy will not happen. The political
you thought it was working it becomes obviousnetwork will slowly weave its web and reform
the change didn't happen? When your idea forcomponents of the plan and shift the
a new significant change in strategy is stillpriorities of the key stakeholders back to
fresh and new, you must work to gain yourtheir familiar fear-based roles. Your entire
organization's psychological momentum shiftplan will slowly unravel. You may
towards the idea. The organization hearssuccessfully implement superficial elements
your message from top to bottom andof the plan, so that external measures and
internalizes what the change means to them,positioning of the "new" process or function
how they might benefit from it, and what theyappear to be consistent with your plan.
might need to do to make it happen. You'veEmployees will take their cues from their
got everyone in the company talking about it.leaders, and if those leaders are working
Your top management team are communicatingagainst your strategy their own behavior will
and demonstrating their enthusiastic support.fall in line with that. The result is that
Indeed, all of your key leaders, includingnothing more than lip service will be applied
highly influential top performers are actingto implementing the new strategy.How do you
favorably toward the idea. If you are goingreduce the effect of the inertia forces to
to build momentum behind this change to drivebuild and maintain momentum for the
it to its desired conclusion, then your workchange?First, create a plan that involves
starts now.The first one hundred days - evenall of the key leadership up front. Get each
the US President issues a "100 Day Report".of them to focus substantial energy over a
Why? A common mistake that many leaders makeperiod of just a few short months to
is to announce the change, hear the instantachieving the goals of the change plan.
positive feedback (ignore the naysayer'sCreate an all-consuming short term project to
input) and assume that the organization willreduce the opportunity for the political
take it from there. The truth is that thefabric to undermine your plans. Keep
excitement reaches a plateau before the realstakeholders very busy demonstrating to you
impact of the change on each individualand to each other that they are taking the
begins to set in. At this point, you couldsteps necessary to plan and implement the
just as easily gain momentum and move forwardchange and becoming champions of the change
or reverse direction and fail completely.with their employees. Don't give them time
This is the time for the idea to become ato evaluate or modify the goals of your plan
mandate: for it to take root with all thebased on their prior political
key stakeholders who need to be accountableambitions.Next, tie business operational
for important elements of the plan'sperformance and expected outcome based
success.You cannot over-communicate, duringresults measures to each stakeholder's
this 100 day period, to the leadership teamproject plans. This helps them identify new
no matter how frequent and repetitive yourmetrics for their success that can only be
interactions have to become. The more youmeasured if they successfully manage to
communicate and the more you demonstrate thatchange process to its desired conclusion.
you are holding the key stakeholders andThey will have no choice but to connect their
everyone in the company accountable forsuccess to the new strategy.Then, involve key
executing the change, the more likely theinfluential top performing employees early in
momentum will build in your favor. Have eachthe plan and get them similarly committed to
stakeholder report frequently on progressthe outcomes of the change. They will be
toward achieving key milestones, even if theyour eyes and ears and feet on-the-ground to
ultimate implementation of some of them willinfluence and keep the rest of your employee
occur many months later. Progress reportspopulation on track. They will also help
should be both upwards to the CEO, andsquelch the naysayer chatter and provide you
downwards to the employee population. Thiswith useful insights and feedback that you
will serve to reinforce their commitment andcan act on to head off the development of
also demonstrate their support to their peerderailing tactics. Consider adjusting
group - another important factor in keepingemployee reward and recognition and learning
the momentum going.Inertia is the enemy ofand development systems to help guide and
change and there are three key powerfuldirect employee behaviors that are consistent
factors feeding that inertia in mostwith your new strategy.Finally, conduct
companies. The first is fear of the unknownweekly progress review meetings, including
(aka "what's in it for me?"). If employeesdirect one-on-one interactions with the key
are uncertain about what this change willleaders. Provide support and encouragement
mean for them later on they will be reluctantand maintain the focus on the goals of the
to commit. The second is the fear of losingprogram. Make the agenda of the new strategy
control. In every organization there is aand the project to get there more important
political fabric that determines how thingsand time consuming - for a while - than the
will get done and who will do it and evenagenda of the political network. After the
what things may get done. This politicalhundred day period - when it is clear the
fabric is driven by the personal desires andprogram is being executed in a complete and
goals of key individuals to gain morethorough way, the emphasis on weekly review
control. The fabric is powered by themeetings can shift a little and spread out to
network of people who stand to gain from themonthly and even become integrated into the
influence of the political leaders, or whonormal business and operational reviews.
cooperate out of fear that their positionsAnd of course, communicate, communicate,
will be threatened if they don't. The thirdcommunicate.Patrick Smyth is a management
is lack of leadership. When a leader embarksconsultant focused on improving productivity
on a major change initiative - such asin a sustained and repeatable way through
entering new markets with new products, or toeffective business, product management, and
change the entire customer serviceproduct marketing processes. Patrick has over
orientation, or re-branding the company and25 years experience in information technology
its products - the change and the leader& services, business-to-business product
must quickly achieve a highly visiblemanagement and marketing leadership. His
position as a mandate of the organization.Iftalents include aligning companies and their
the momentum on the project is not achievedstrategies with product strategy, management
and sustained through highly visible& positioning, and building highly effective
leadership in the first one hundred days,marketing processes & teams. His focus on
then the likelihood of its success will becustomer experience management optimizes
seriously diminished. In all likelihood thesales & marketing productivity long term
changes needed to shift the operational andcustomer relationships.



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