Scaling Up: How a Few Companies Make It...and Why the Rest Don't (Rockefeller Habits 2.0)
Rate it:
Open Preview
Kindle Notes & Highlights
15%
Flag icon
Crucial Conversations: Tools for Talking When Stakes Are High, by Kerry Patterson, et al.
16%
Flag icon
(think of Amazon’s “two-pizza rule” — no team should be so big that it can’t be fed with two pizzas).
16%
Flag icon
Each cell within the organization must have someone clearly accountable for it. This doesn’t mean the person is boss and/or gets to make all the decisions. In fact, it’s important to delineate the differences between accountability, responsibility, and authority.
16%
Flag icon
Accountability: This belongs to the ONE person who has the “ability to count” — who is tracking the progress and giving voice (screaming loudly) when issues arise within a defined task, team, function, or division.
16%
Flag icon
The rule: If more than one person is accountable, then no one is accountable, and that’s when things fall through the cracks.
16%
Flag icon
Responsibility: This falls to anyone with the “ability to respond” proactively to support the team. It includes all the people who
16%
Flag icon
touch a particular proces...
This highlight has been truncated due to consecutive passage length restrictions.
16%
Flag icon
Authority: This belongs to the person or team with the final de...
This highlight has been truncated due to consecutive passage length restrictions.
20%
Flag icon
For help in selecting
20%
Flag icon
KPIs appropriate for your industry and/or function, visit KPILibrary.com. For more general KPIs, we recommend the book Key Performance Indicators: The 75 Measures Every Manager Needs to Know, by Bernard Marr.
21%
Flag icon
Topgrading’s Job Scorecards,
21%
Flag icon
Jim Collins, in his book How the Mighty Fall, And Why Some Companies Never Give In
22%
Flag icon
Completing Your Process Accountability Chart (PACe)
23%
Flag icon
pproach customers with a personalized warm welcome. • Probe politely to understand all the customers’ needs. • Present a solution for the customers to take home. • Listen for and resolve any issues or concerns. • End with a fond farewell and an invitation to return.
24%
Flag icon
Before starting your search for a key executive or frontline associate, create a Job Scorecard (vs. the standard job description). A Job Scorecard details a person’s purpose for the job, the desired outcomes of this individual’s work, and the competencies — technical and cultural — required to execute it.
24%
Flag icon
While a job description tends to list what people will be doing (e.g., coaching sales reps, building client relationships), a Job Score-card describes the outcomes you want from such activities ($8 million in revenue, seven new S&P 500 clients, a 100% contract renewal rate among the customers the trash collector serves).
24%
Flag icon
Another central element is the list of candidate competencies that align with your culture and strategy. As experienced leaders discover, it’s more important to hire for this kind of fit than for specific skills, so long as a person has the capacity to learn and grow (though it’s best if you can find someone who’s a match in both cultural values and skill set).
24%
Flag icon
cultures are like immune systems and will spit out very capable people who don’t align with its norms (Core Values).
24%
Flag icon
In addition to seeking culture fit, it is critical to hire people who can deliver on the Brand Promises and activities underpinning your strategy (see “The 7 Strata of Strategy” chapter).
25%
Flag icon
First, Break All the Rules: What the World’s Greatest Managers Do Differently
25%
Flag icon
Teams need to be well-rounded, but their individual members don’t have to be.
25%
Flag icon
We have a tendency to hire people most like ourselves and end up with a company of look-alikes vs. tapping the diversity of talent, backgrounds, and personalities needed to drive the fruitful debate, innovation, and differentiation that powers growth.
25%
Flag icon
Change to Strange: Create a Great Organization by Building a Strange Workforce
27%
Flag icon
These gatekeeper questions, along with various online tests we recommend — Assess Systems’ wide range of pre-employment tests and OMG’s Sales Assessments among them — are very helpful in narrowing your long list to the final five or 10 candidates.
27%
Flag icon
Top-grading. For an excellent overview, read Geoff Smart and Randy Street’s book Who: The A Method for Hiring; to learn the details of the process, read Bradford D. Smart’s book Topgrading: The Proven Hiring and Promoting Method That Turbocharges Company Performance
29%
Flag icon
The Great Game of Business: The Only Sensible Way to Run a Company, calls
29%
Flag icon
Many managers struggle with defining adequate and measurable targets for their people. Gazelles’ execution planning methodology and the One-Page Strategic Plan (OPSP), detailed in the “Strategy” and “Execution” sections of the book, will help.
30%
Flag icon
Donald O. Clifton, Now, Discover Your Strengths
31%
Flag icon
The One Thing You Need to Know … About Great Managing, Great Leading, and Sustained Individual Success
31%
Flag icon
In order to keep your company competitive and your people loyal, you must grow them through education and coaching.
31%
Flag icon
And this investment in people is the biggest single predictor of a company’s ability to beat its direct competitors and the overall market, based on exhaustive research done by Laurie Bassi, co-author of Good Company: Business Success in the Worthiness Era.
31%
Flag icon
Famous sales coach and dear friend Jack Daly suggests, “Why don’t you throw people a party when they start, instead of when they leave?” Sydney-based software firm Atlassian sends each new employee, whatever his or her position, to a resort spa the weekend before the start date as a way to celebrate the new job. The spouse or a guest gets to go along — making both new employees and their spouses raving Atlassian fans.
31%
Flag icon
Onboarding needs to be a celebration, not paperwork. It should create emotional connections between the new recruit and a maximum number of team members.
32%
Flag icon
Uncommon Service: How to Win by Putting Customers at the Core of Your Business
33%
Flag icon
The Happiness Advantage by Shawn Achor for
33%
Flag icon
The Weekly Coaching Conversation: A Business Fable About Taking Your Game and Your Team to the Next Level by Brian Souza.
33%
Flag icon
Lean In: Women, Work, and the Will to Lead, by Facebook’s Sheryl Sandberg.
33%
Flag icon
Leadership and the One Minute Manager: Increasing Effectiveness Through Situational Leadership, by Ken Blanchard, Patricia Zigarmi, and Drea Zigarmi,
34%
Flag icon
Beverly Kaye and Julie Winkle Giulioni’s book Help Them Grow or Watch Them Go: Career Conversations Employees Want
34%
Flag icon
Brian Souza’s book The Weekly Coaching Conversation
34%
Flag icon
read Chapters 5 and 6 in Marcus Buckingham and Curt Coffman’s First, Break All the Rules: What the World’s Greatest Managers Do Differently to learn more about strengths-based management and coaching.
34%
Flag icon
People are not resources that you consume. So rethink the name of the department that takes care of them. Call it Talent Development, Human Relations, People Support, or whatever fits your culture — anything but Human Resources.
34%
Flag icon
So how do you know when you have an industry-dominating, competitor-crushing strategy? Sustainable top-line revenue growth and increasing gross margin dollars (the true top line for many firms, as we’ll discuss in “The Accounting” chapter) are the two key financial indicators. Customers beating a path to your door, dragging along everyone they know, is another! In turn, if you don’t have a killer strategy, your company will face continuous price pressures as the market commoditizes your products and services.
36%
Flag icon
Harvard Business Review article titled “Building Your Company’s Vision,” by James C. Collins and Jerry I. Porras.
36%
Flag icon
Ezypay, Australia’s largest direct-debit service provider, has taken this a step further and created an avatar and a supporting video for each Core Value. The avatars show up everywhere — in Quarterly Themes, on the walls of the company’s situation room, in documents, etc. Go to ezypay.com/about-us/our-values/ to view the avatars.
36%
Flag icon
This central word or idea is then expanded into a phrase or two, but is most easily remembered and acted upon when it has a single word or idea at its core. To discern this Purpose, gather a team together and start with the question, “What do we do?” (You might answer: “We’re a school.” “We sell overpriced coffee.” “We host a CRM system.”) Then ask “Why?” several times (a technique known as the five whys). Why does this matter, or what difference can we make? Keep asking until you get to your version of “Save the world,” and then back up one step.
37%
Flag icon
Mission, Vision, Values
37%
Flag icon
Gary Hamel and the late C.K. Prahalad labeled them Core Competencies in their groundbreaking May 1990 Harvard Business Review article titled “The Core Competence of the Corporation.
38%
Flag icon
As Ratliff grew the business, ultimately acquiring 24 companies in less than nine years, his leadership team determined a distinct set of seven Core Values: • Integrity matters • Think like a customer • Spirited fun • Be quick, but don’t hurry (borrowed from legendary basketball coach John Wooden) • Employees are critical • Small details are huge • Take care of each other
41%
Flag icon
For those familiar with the One-Page Strategic Plan (OPSP), think about the 7 Strata framework as the “page behind the page” — a worksheet drilling down into the details of your Sandbox (WHAT you sell to WHOM and WHERE), Brand Promises, and the Profit per X and Big Hairy Audacious Goal (BHAG®), which are highlighted in columns 2 and 3 of the OPSP.
« Prev 1 3 6