Blog - Page 17 of 106

Strategic Planning Tool: The McKinsey 7s Model

With firms planning out 2021, here’s a reminder that for strategies to be meaningful, you must align everything in your organization to match the strategy. McKinsey & Company consultants Tom Peters and Robert Waterman created a useful alignment tool known as the 7-S Model.

It recommends that structure, systems, skills, shared values, staff, and leadership style all be in alignment in support of the strategy.

Here’s a summary of the 7-S Model, an example, and a template for your own 7s model

Minnesota 500

My thanks to Minnesota Magazine for including me on the list of the Minnesota 500. Below is the profile from the magazine:

Hiring Top Performers, an Interview Guide

We are hiring. Getting the right people is vital, obviously, to building a great team.

Building a great team starts with finding great people. Top firms spend an excessive amount of time recruiting.

One worldwide executive recruiting firm, Egon Zehnder International, conducts between 25 and 40 interviews per hire! Most of us don’t have the time or resources to put job candidates through such a rigorous recruiting process. However, we can take the time to check out a potential new employee thoroughly before asking him or her to join our team. If you’re wowed by someone’s technical prowess but concerned about his or her honesty or attitude, don’t risk it. When we have justified hiring someone—usually in response to a hefty workload—the person may have provided short-term relief but did not work out in the long term.

We have an eight-step process. An essential step in our approach uses an interview from the book Top Grading. Here’s a link to that interview.

Productivity Tip: My Best Way to Take Notes

Growing up, my dad was a big note taker. From the calendar in the barn with upcoming farm appointments to 3M pads in the house with reminders for the day to a journal of rain and crop results, he believed in the power of the pen.

I too capture thoughts and memorialize meetings with a pen and paper. But, there’s a twist. I use something not available in dad’s day called Livescribe. Livescribe uses a smartpen and a tablet, that looks like a “normal” pen and tablet. But, there’s an upside.

Everything is OCR’d, so handwritten notes are searchable. More importantly, the OCR’d notes are instantly synced through the cloud to Evernote. Evernote is where I keep all my thoughts, important emails, pictures, or really anything I may want to reference in the future.

I have no financial interest or upside in Livescribe.

Time for Life Planning

In The 100, I dedicate a section to life planning. Similar to using this time of year to plan next year’s business goals, this is a good time to plan next year’s personal goals.

Goals transform vision into reality. Practical goals are SMART: Specific, Measureable, Achievable, Realistic, and Timely. While many of us make long-term goals; specific short-term goals drive us to achieve our long-term goals.

Writing goals down is essential. A study by Dominican University professor Gail Matthews found writing down goals, making an action plan, and communicating to others results in being twice as likely to accomplish the goal.

Here are some goal setting tips:

Write down your goals. Then, wait a few weeks to test your conviction.
Break your long-term goals into short-term goals backed up by a plan
Look at your goals every day
Include dates. A goal without a deadline is just a dream.

Think and Grow Rich by Napoleon Hill and The Magic of Thinking Big by David Schwartz are a couple of great books on goals.

Here’s a goal setting template.