. They depend on the mission your stakeholders put you on and the analysis you gain from the first months.
I have been put in different starting points
e.g. turnaround situations on a loss making business running out of cash, a growth case which was operationally in good shape but not leveraging the opportunity, an organizational growth case which required a different level of management to scale to the next level or simply a case where everyone was happy with the status quo and a successor was needed.
Depending on the situation you have been put in, the timing
may differ. On a loss making case you need to stop the drain fast to ensure that the company has enough cash to stay in business. On a growth case which is driven by sales & marketing
investments, timing is as important as new sales people and marketing campaigns will have a six to twelve months lead time. That means results may come in four quarters from the starting point. A steady successor case has much more freedom to do things over time and is normally less disruptive. In any case you need to manage the expectations of your stakeholders.
Communication
is a key success factor.
Depending on the timing, you need to take action quickly and the impact of the measures may vary, so internal and external communication is key. Building up trust, getting people on board over time to your strategy, and executing this strategy are important. If you are forced to take tough measures fast, not everyone may be happy with changes but if you explain why you do the things you do and how everyone contributes to the corporate strategy with their daily tasks, and if you deliver on your promises, you will succeed over time.
My approach is talking to as many people and stakeholders
as you can during your first weeks of a new job as you will never have as much time to do it later on. Listen to the ones which are not as extrovert as others. Normally engineers, technicians, finance staff do not get as much airtime as their sales and marketing colleagues due to their way of positioning themselves, but they may have great inside
to the
companies opportunities and challenges.
Observe the managers you have on your team and encourage them to speak out.
You may find people who have great ideas, energy and willingness to contribute (leaders) and you will find people who observe the scene and start communicating when an opinion is already build. They jump on a train but will not initiate a discussion (followers). You may have team members who want a decision and get it executed and they may stay quiet for while (doers). Obviously there are politicians
as well and you need to understand their value. You may as well have people on the team which cannot contribute.
Distinguish between the story
told and the facts
and you will spot performers and non-performers quickly. I am normally very cautious on managers blaming past management on short falls but leaving the question unanswered what they have contributed to improve the situation.
Most important is that you complete your analysis and seek agreement and commitment
from the new management team on the way forward. You have the opportunity to change the team.
As a side remark: commitment means
to promise, deliver and feel responsible. If in rare cases the circumstances do not allow someone to deliver the commitment, seek for help, communicate early and openly to mitigate the risk for the company. A culture where commitment isn’t important will never deliver great performance. It is much more fun and motivational to celebrate the successes.
Choose your team wisely
that it fits, has the right skills and works together. Diversity in all aspects is a key success factor, commitment and empathy to the joined future.
You need four things
to succeed as a team:
- Create and communicate a strategy
with defined outcomes.
You may use the Objectives-and-Key-Results (OKR) Methodology. Goals and Objectives should be challenging but achievable. The strategy should follow the vision you have developed for the company.
- People
are highly important. Get a team together based on diversity: talents, education, experience, gender, nationality and culture. High diversity on teams create much better results. Most important that you seek for agreement and commitment on the goals and objectives. The team needs to have high standards
as they are important to create a great corporate culture
based on trust. Invest in the education
of your (leadership) team and implement a talent program
to give perspective. Do not tolerate discrimination and politics
as the team will suffer by such energy absorbing topics which create no value. Develop the ones who can be developed or take respectful decisions to change. Last but not least a team needs empathy. Ensure that the team members love what they do and are passionate
about it.
- Processes and tools
are leading to operational efficiency
and enable growth. Processes in a company should be easy, user friendly and best of bread to lead to great results. Benchmark your processes
from all angels and change them if needed. There is no ‘that’s how we have done it in the past’ if results aren’t at the right level. Seek for best practices even outside your industry.
- Organizational setup
should support your business that responsibilities are well defined
and linked to your goals
and objectives. Give your leaders the resources and responsibility
to deliver their commitment. Reduce the interfaces or silos on a process which are driven by the organizational design. Ideally, do things in one place and have the same processes on a global level as this reduces complexity, makes results transparent and easy to measure.
As a leader you need to complete your most important tasks first and as usual 80% of the value is generated by the top 20% of the tasks on your list. So prioritization
is crucial for you.
Conclusion:
Get into your new leadership
position by gaining as much inside
as you can and connect to the people. Listen and analyze
the situation. Depending on the situation you are in, you need to set your priorities: stop the drain fast, develop your team, set your strategy, change processes or organizational setup to achieve better results or buy a company to close a strategic gap. But you as a leader need the support
of the people who put you on the job, otherwise you won’t succeed.
Nevertheless, change will be a challenge
for the employees and stakeholders, some like it, some waited for it, some may fear the change, hence communication is highly important
to explain the strategy and measures. Update the team frequently
so that there is no lack of information which can cause uncertainty. Be honest
on the achievements because that builds trust.
If you want to succeed in a new leadership role, take bold decisions quickly
and communicate openly
to deliver results soon. Show some lighthouse projects
to make progress visible. Manage the expectations of all stakeholders and keep your values high. You may face resilience
but this is part of the job you have been asked to do. I can tell you from my experience, this is very motivational for a team which has overcome a crisis and delivered something great. This team can build an exceptional momentum to achieve the ambitious goals they set themselves at the beginning. It is great fun
to celebrate successes as a team and invest in your employees
to develop them further.
Purpose drives teams.