Directions Workshop Performance Avenues Directions Workshop • Assessments Of People, Teams and Companies • Conversations By People, Teams and Companies • Alignment For People, Teams and Companies > Emotional Avenues > Financial Avenues September 2014 Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop Performance Avenues People Leading with Vision Learning with Knowledge Innovating with Originality Managing with Execution Promoting with Persuasion Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - People >>> Leading with Vision The Leader is the one who is out in front creating, defining and communicating a vision of where an organization needs to go in order to grow and be most effective. He or she builds a consensus, shapes the agenda, and inspires others to follow and support the direction, the destination, and the strategy of how to get there. Learner-Leader – Where do we need to go? Innovator-Leader – How do we stay on the cutting edge? Manager- Leader – Who is going to get us there? Promoter-Leader – What’s holding us back? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - People >>> Learning with Knowledge The Learner digs deep for all the details that can reasonably be obtained. His or her key to success is knowledge-based decision making. They observe, research, examine and investigate and seek the best alternatives. They learn from their mistakes. They know what they are doing and encourage others to do be well informed too. Leader-Learner – Why are we doing this? Innovator-Learner – What are they doing? Manager- Learner – What more do we need to know? Promoter-Learner – What do our customers want? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - People >>> Innovating with Originality The Innovator expresses his or her originality by restlessly imagining, creating, experimenting, and brainstorming. They spar and challenge and are sometimes abrasive and irreverent. Innovators do things differently, discover problems, and question assumptions. They like a free-flowing environment even if it means instability and chaos. Leader-Innovator – What’s next? Learner-Innovator – What if? Manager-Innovator – Why are we doing it this way? Promoter-Innovator – Why not? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - People >>> Managing with Execution The Manager sets goals, makes plans, and operates everything with a system and a process. He or she emphasizes simplicity, priorities, efficiency, measurement and scheduling. The Manager delegates well, works well with others, and solves problems to get the job done. He or she decisively interprets and executes the organization’s strategy. Leader-Manager – What’s the goal? Leaner-Manager – What’s the plan? Innovator-Manager – What’s the process? Promoter-Manager – How well can we do this? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - People >>> Promoting with Persuasion The Promoter is the persevering persuader who filters the message and presents it in the most effective and believable way. He or she knows what is most important, understands what people need and want, and insists on a having a great product. Promoters focus on language, impressions and perceptions – that is, the message and the response to it. They make things happen, build interest, and close the deal. Leader-Promoter – What’s most important? Learner-Promoter – What do we tell them? Innovator-Promoter – What will they think? Manager-Promoter – How do we tell them? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Teams Performance Avenues Teams Leading with Direction Learning with Awareness Innovating with Testing Managing with Patterns Promoting with Openness Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Teams >>> Leading with Direction A team needs to know where it’s headed, monitor that direction, and not be afraid to change it if and when a better one comes into view. Teams often get distracted and drift off course from the destination. The team needs to build a consensus on their purpose and strategy that sets a clear direction with everybody onboard. A team is a motley crew that excels if it becomes cohesive, collaborative, and motivated by rallying around its Leader and the team’s direction. Is our team fixed on a clear and agreed to direction? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Teams >>> Learning with Awareness A team needs to have a collective curiosity and be aware of the facts, figures and information that bear on its mission. It needs to create an early learning environment that puts everything on the table and a process that looks at many alternative approaches and solutions. The next step is for the team to focus on thinking logically and deliberately and feeling intuitively and daringly (we make decisions with our emotions) to get to the most rational and wise resolutions. Does our team know enough and process knowledge well enough to get the job done? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Teams >>> Innovating with Testing A team is a lab. It’s an incubator for idea energy that bursts forth from an excited team. This team lab does its testing by trial and error, playing devil’s advocate, adding value to an existing idea, and following a thread to a good sometimes unintended consequence. Everybody on a team needs to feel comfortable floating balloons in the air – some are tapped down gently, some hang there for a while. This vibrant process repeats itself with ever increasing drive and enthusiasm. Is our team a lab that tests new ideas in an encouraging atmosphere? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Teams >>> Managing with Patterns A team’s direction, awareness and testing need to be molded into workable patterns – that is, operational systems that are both consistent and flexible. There needs to be a beehive-like element to interpreting strategies, setting goals, executing plans, making decisions, problem solving, and innovating that are all focused on the desired outcomes. A lockstep patterned process insures the synergy and success of the team – a team that is better than any of its members. Does our team work with consistent patterns? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Teams >>> Promoting with Openness A team is a short stack of open books. It needs to let it all hang out in an interactive process that is earnest, patient, accepting, embracing, eager and amusing. There is no fear or intimidation for team members to speak up or ask “dumb” questions. Honesty, humility and trust are part of the mix too. This type of natural free-flowing exchange is the only way to fully engage the whole brain of a team whose members are then happy to kick back and read each other’s books. Is our team interactive with total openness? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop Performance Avenues Company Leading with Opportunity Learning with Understanding Innovating with Imagination Managing with Discipline Promoting with Communication Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Company >>> Leading with Opportunity A company’s people need to continually and contagiously think and feel that there is something else, more, and better that what there is now – both for themselves and for their company. Opportunity looks for an opening, another chance to succeed, and the next big break. A culture of opportunity is critical to morale and the advancement of the mission. It echoes “I can,” keeps the company ahead of the competition, and makes for an exciting and rewarding place to work. Is our company culture one of opportunity? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions workshop - Company >>> Learning with Understanding A company’s people need to understand themselves and their coworkers, job, industry, customers, competition, and company. A culture of understanding seeks to discover the truth of the matter through many venues. It takes a comprehensive approach, relentlessly gets to the bottom of things, and verifies rather than assumes. The understanding process sorts through and interprets data and information and prepares it for the next level of effective application. Is our company culture one of understanding? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Company >>> Innovating with Imagination A company’s people need to periodically space out with some “wonder time” and contemplate new possibilities for themselves and their company. This kind of programed dreaming takes focus and practice and stirs our innermost imagination. We bring our imagination down to earth and start to turn it into creative ideas. We then go to innovation, which is applied creativity. A culture of imagination allows this “wonder time” to eventually end up as innovations. Is our company culture one of imagination? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Company >>> Managing with Discipline A company’s people need to decide what level of discipline is required for their job and then stick with it. We all work best with flexible systems that channel our energies into things like goal-setting, prioritization and problem-solving. This approach allows for productively getting from point A to Point B through all the confusion, obstacles and failures. A culture of discipline provides for clarity and expectation of how a company best operates smoothly and efficiently. Is our company culture one of discipline? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Company >>> Promoting with Communication A company’s people need to keep seeking the most effective ways to communicate with everyone they come in contact with, especially their coworkers. Things can really get messed up by the lack of or dysfunction of communication, including listening, whether verbal, written, illustrated, videoed, or signaled with body language. A culture of communication involves focusing on what to say, how to say it, who to say it to, and what outcome is sought by it. Is our company culture one of communication? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Company Performance Network™ Leader Develops Meaning and Direction Integrates Inspires Learner Elevates Awareness and Understanding Spurs Innovator Drives Advancements and Change Interpreted by Channeled by Manager Organizes Planning and Process Screened by Communicated by Prioritizes Promoter Informs Formulates Message and Response Performance Avenues 2.0™ © Copyright by Despard Associates, LLC 2002-2011 – All Rights Reserved Performance Avenues - Directions Workshop Emotional Avenues Leading with Courage Learning with Curiosity Innovating with Daring Managing with Authenticity Promoting with Enthusiasm Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop – Emotional Avenues >>> Leading with Courage People, teams and companies need to lead with courage, which Aristotle called the first virtue, because it makes all of the other virtues possible. Courage is derived from cor, the Latin word for heart. It’s the strength of the heart that underlies the confidence, resolve, boldness and bravery to lead effectively. It’s the courage of our convictions that overcomes fear and danger and motivates us to take the road less traveled by while inspiring others to take it too. Do I, our teams, and our company lead with courage? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop – Emotional Avenues >>> Learning with Curiosity People, teams and companies need to a high level of curiosity, which is simply an unrelenting quest for continuous learning, especially about themselves, their jobs, projects, research, workplace, and industry. Developing an interest and desire to discover – to leave no stone unturned – drives the search for details that make a difference in the success of subsequent results. The curious are persistent in facing the challenges of getting to the bottom of things. Do I, our teams, and our company learn with curiosity? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop – Emotional Avenues >>> Innovating with Daring People, teams and companies need to daringly dwell on the most hopeful next new things and expect the best possible outcomes. It’s critical to have the confidence and optimism that there can be breakthroughs with creativity and innovation. But that can only happen when the fear and potential shame of a bad idea or failure is recognized and addressed. The risks of engaging uncertainty and of full exposure must be minimized for the best thinking to rise to the top. Do I, our teams and our company innovate by being daring? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop – Emotional Avenues >>> Managing with Authenticity People, teams and companies need to consider taking off their masks, stopping the denial, and getting real. Down-toearth authenticity is critical to cutting through the chatter, exposing exaggeration and misrepresentation, and separating fact from fiction. Authenticity provides for better relationships, higher job satisfaction, more accurate reporting, and fewer avoidable failures. We manage by genuineness, trust and integrity or we don’t truly manage at all. Do I, our teams and our company manage with authenticity? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop – Emotional Avenues >>> Promoting with Enthusiasm People, teams and companies need to turn on the enthusiasm switch for maximum interest, fun and energy to flow in the workplace. Rational exuberance is the key to attractive people, excited teams, and productive companies. All stakeholders, especially clients, feel its vibes. A company that is positive about its purpose and what it does has a much greater chance of success. Enthusiasm is a powerful, contagious, life-changing force that bowls over obstacles in its path. Do I, our teams and our company promote with enthusiasm? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop – Emotional Avenues LEADER LEARNER Courage Trust Inspiration Passion Humility Curiosity Patience Wisdom Faith Fairness INNOVATOR Daring Persistence Vulnerability Independence Hope MANAGER Authenticity Pride Commitment Perception Earnestness PROMOTER Enthusiasm Attraction Openness Empathy Gratitude Directions Workshop – Emotional Avenues From Daniel Goleman – Harvard Business Review OnPoint (September 2014 - Page 31, hbr.org) Hallmarks of the Five Components of Emotional Intelligence at Work: • Self-Awareness – self-confidence, realistic self-assessment, self-deprecating sense of humor • Self-Regulation – trustworthiness and integrity, comfort with ambiguity, openness to change • Motivation – strong drive to achieve, optimism even in the face of failure, organizational commitment • Empathy – expertize in building and retaining talent, cross-cultural sensitivity, service to clients and customers • Social Skill – effectiveness in leading change, persuasiveness, expertize in building and leading teams Performance Avenues - Directions Workshop Financial Avenues Leading with Capital Learning with Return on Investment Innovating with Leverage Managing with Profit Margin Promoting with Revenue Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Financial Avenues >>> Leading with Capital Companies lead by strategically and effectively directing their hard and soft assets including people, capabilities, intellectual property, brands, real estate, equipment, and relationships. How do we invest our financial resources – equity, debt and working capital -to take advantage of the best opportunities to fulfill our company’s mission and generate the highest income in a fast changing world? What are the right businesses and models for our company? How well do we lead with our capital? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Financial Avenues >>> Learning with Return on Investment Companies learn how well they are doing from the various ways they determine and compare their Return(s) on Investment of assets, equity and sales. These are measurements of capital investment strategies and operational plans and must include accurate and complete income, costs, assets and liabilities. ROI’s are critical results that show trends and speak to the current success and long-term sustainability of the company. Dig deep into and learn insightfully from the right numbers. How well is our company learning from its Return(s) on Investment? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Financial Avenues >>> Innovating with Leverage Companies innovate and grow not by speculation, but by assuming well-measured risk – in addition to the inherent risk their business is already managing. The leverage of applying company resources including newly earned capital and debt, while maintaining a low debt to equity ratio (especially for a company that has a low volatility of variable costs), spurs profitable new ventures and an ongoing competitive edge. Thoughtful leveraging fosters an environment where innovation is much more likely to flourish. How well is our company innovating with risk-measured leverage? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop – Financial Avenues >>> Managing with Profit Margins Companies manage by planning for profit – that is, by devising and monitoring systems that control and lower costs while optimally pricing their goods and services. A company’s profit margin is simply the amount of net income per the amount of revenue in any given time period. When all company operations are constantly focused on what affect initiatives and decisions have on profits, quality earnings and operating margins expand at a commensurate rate. How well is our company managing for higher profit margins? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop – Financial Avenues >>> Promoting with Revenue Companies that promote effectively will generate more revenue that can, if costs are contained, contribute significantly and sustainably to profit margins. Marketing budgets, incentives for sales people, sales programs, and discounting all need to be looked at to see how revenue can be increased with greater penetration and market share. It’s profitable to invest in collecting and measuring data on current and new markets and on a range of customer responses. How well is our company promoting with increased revenue in mind? Performance Avenues 2.0™ © Copyright by Despard Associates, LLC, 2002-2011- All Rights Reserved Directions Workshop - Innovation Innovator Intersection Performance Avenues places an extra emphasis on innovation and its role in long-term company growth and sustainability. A company needs to lead by innovating, learn to innovate, manage with innovation, and promote innovatively. In that sense, all five Performance Avenues intersect at Innovator Avenue. It’s not automatic -companies need to say, “We will innovate. We will be original and daring. We will imagine, test, and use risk-measured leverage.” LEADER LEARNER Courage Vision Direction Opportunity Capital Curiosity Knowledge Awareness Understanding ROI INNOVATOR Daring Originality Testing Imagination Leverage MANAGER Authenticity Execution Patterns Discipline Profit Margin PROMOTER Enthusiasm Persuasion Openness Communication Revenue Directions Workshop That’s all folks!!! Visit our Website at PerformanceAvenues.com Contact Tom Despard at tdespard@PerformanceAvenues.com Thank you! Performance Avenues 2.0™ © Copyright by Despard Associates, LLC 2002-2011 – All Rights Reserved