Category Archives: Plan Change

Decide what must change, why and how.

If executive offsites are so valuable, why do we only have one or two a year?

Executive offsites have been part of running a business for decades because they work. Leaders wouldn’t continue investing the time, money, and energy it takes to step away from the day-to-day business if they didn’t.

Organizations have become increasingly distributed, while AI has dramatically expanded what leadership teams can accomplish together between meetings. Together, those changes make this a good time to extend one of leadership’s most valuable practices.

Most people think of an executive offsite as a stand-alone event. It’s better understood as one part of a continuous leadership collaboration process. Every meeting ideally begins well before it starts and ends long after it is over. Executive offsites are no exception.

The offsite is one stage in a continuous cycle, not a standalone event.

Leadership collaboration begins well before the meeting. Leaders reflect, develop points of view, gather and provide input, compare perspectives, organize and assess the team’s thinking, and arrive prepared to engage. During the offsite they collaborate intensely, synthesize perspectives, make decisions, and develop shared understanding. Afterward, ideas continue to mature, initiatives become governable implementation plans, and leaders guide, support, and govern their execution.

Most leaders develop their thinking on their own. Few have learned to become genuinely interested in how others see the same situation or to deliberately draw out one another’s thinking, compare perspectives, challenge assumptions, and build stronger ideas together. Yet that is how leadership teams develop stronger thinking. The quality of a leadership team’s decisions and actions reflects how well the team develops its collective thinking. Developing shared understanding is one of leadership’s primary responsibilities.

Alignment is Clarity Reached Jointly.

If shared understanding is what makes executive offsites valuable, why develop it only once or twice a year?

Shared understanding built once or twice a year, versus built continuously.

What This Looks Like

Imagine a leadership team preparing for an executive offsite to evaluate a major strategic initiative.

The relevant experience and insight already exist across the leadership team and key stakeholders, but remain distributed across people, functions, and perspectives.

Traditionally, organizations rely on interviews, workshops, surveys, and experienced facilitators or organization development professionals to draw out, organize, challenge, and synthesize that thinking. Those practices remain invaluable. The Leadership Workspace makes many of those practices continuously available, allowing leadership teams and the advisors who support them to apply them whenever they are needed, not just when an offsite is scheduled.

Leaders and key stakeholders each complete an Enterprise Change Framework in the Leadership Workspace. As they work, IVOA asks questions, offers suggestions, and helps strengthen each person’s thinking. Team members then use the Workspace to compare perspectives, explore and consolidate promising ideas, and compare those ideas with positions inferred from existing organizational materials such as the company’s website, management presentations, and strategic documents.

By the time leaders gather, they are already working from a richer shared understanding. Instead of spending much of the meeting discovering what people think, they can spend their time strengthening ideas, making decisions, and building commitment. Just as importantly, the effort required to prepare for a high-quality leadership conversation becomes low enough that organizations can convene whenever needed, not only once or twice a year.

Leadership Is Becoming More Distributed

Organizations have always sought to turn good ideas into realized benefits. Executive offsites contribute because they improve the journey from idea to benefit. They create the time and space for leaders to think together before acting together.

Today’s organizations operate in a far more distributed environment than when executive offsites first became common practice. Leadership now spans people, teams, functions, partners, technologies, and locations. As organizations become more distributed, opportunities to step away from day-to-day work and develop shared understanding together become even more valuable.

At the same time, the pace and complexity of modern organizations increasingly call for leadership collaboration to continue between meetings, carrying shared understanding into governable action. Continuous leadership collaboration has therefore become one of leadership’s defining disciplines.

Until recently, sustaining that discipline required experienced facilitators, organization development professionals, interviews, workshops, surveys, and significant preparation and follow-through. Those practices remain invaluable. They have also been difficult to apply continuously. The Leadership Workspace makes many of those practices available as part of every leadership team’s everyday way of working.

Making Continuous Leadership Collaboration Practical

Advances in AI have now made a different way of working practical. The Leadership Workspace shown in Figure 3 is available today. See how leadership teams use the Leadership Workspace to develop shared understanding, carry it into governable action, and accelerate the journey from idea to benefit in the Leadership Workspace Tour.

Just as AI is dramatically accelerating the journey from idea to product in software development, it is beginning to accelerate the journey from idea to benefit in leadership.

IVOA supports leaders continuously as they prepare, meet, and govern.

Leadership teams can now continuously develop shared understanding in a shared Leadership Workspace. Acting much like an experienced facilitator and organization development advisor, IVOA (IntelliVen Operations Advisor) helps teams draw out their thinking, develop shared understanding, and strengthen ideas as they evolve.

When leadership teams arrive at an executive offsite, they no longer begin with a blank page. Individual thinking has already been drawn out. Collective thinking has already begun to emerge. Important questions have already surfaced.

The offsite becomes an opportunity to strengthen thinking, resolve differences, make decisions, build commitment, and accelerate progress.

The Future of Leadership

When the meeting ends, the work continues. Ideas continue to mature. Initiatives evolve into governable implementation plans. Leadership teams establish the guidance, support, and governance needed to realize the benefits they seek.

Shared understanding becomes shared action.

Then something even more important begins to happen.

Leaders develop a different way of leading. They become interested in one another’s thinking. They learn to draw out perspectives, strengthen ideas, and continuously develop shared understanding.

Over time that behavior becomes habit. The habit becomes culture. Leadership collaboration becomes a continuous way of working.

Executive offsites remain one of the most valuable tools available to leadership teams. They always will.

The Leadership Workspace simply removes the offsite as the limiting factor in how often leadership teams can develop shared understanding, strengthen decisions, and carry them into governable action. Instead of concentrating much of that work into one or two events each year, leaders can now improve the journey from idea to benefit continuously.

Organizations have always competed through products, services, and strategies. Increasingly, they will also compete through how effectively their leaders develop shared understanding and carry it into action.

That capability produces what we call Structured Coherence: leaders, teams, initiatives, and governance continuously reinforcing one another through shared understanding carried into governable action.

Continue Exploring the Future of Leadership

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From Vision to Action! How to Align Your Team and Execute Your Plan

In today’s rapidly evolving landscape, having a clear and well-defined strategy to win the game you are playing is critical. It’s the roadmap that guides your organization towards its goals and ensures that every action and decision aligns with your vision.

However, crafting and implementing an effective strategy can be a complex and daunting task. This is where the IntelliVen Strategy and Planning Offsite comes into play.

Why the Strategy and Planning Offsite with IntelliVen?

If you’re at the helm of an organization, you understand the importance of strategic planning. You also know that it’s not enough to simply have a strategy; strategy needs to be translated into a practical operating plan that guides your team’s actions throughout the year. The IntelliVen Strategy and Planning Offsite helps leaders like you bridge the gap between strategy development and successful execution. 

The Strategy and Planning Offsite empowers you and your executive team with:

  • Clarity: Achieve a clear and common understanding of your organization’s current state, the case for change, and your target next state.
  • Strategic Initiatives: Identify strategic initiatives that will propel your organization from its current state to where you aspire to be next and prioritize actions that will close the gap based on their impact and feasibility, culminating in a roadmap for implementation.
  • Resource Allocation: Determine roles, responsibilities, and resource requirements for your most important initiatives. This includes allocating the staff, time, money, and other resources needed to make them a reality.
  • Financial Alignment: Align your financial and operational plans with your strategic initiatives. This ensures that your strategic initaitives are not side-jobs to be done as time permits but, instead, are woven into the mainstream of day-to-day activities.
  • Effective Communication: Develop a clear communication strategy to convey your vision and plan to all stakeholders, including your board, investors, employees, and partners.

The Outcomes

Working with IntelliVen Senior Oprating Partners, leaders will achieve key outcomes from their Strategy and Planning Offsite:

  • Alignment:  Participants agree on your current state, case for change, target state, and the necessary actions for each strategic initiative.
  • Implementation Readiness: Lay the groundwork for the successful implementation of strategic initiatives, and establish a governance process understood and agreed upon by all participants. 
  • Team Cohesion: Participants leave the offsite with a deeper understanding of each other and a stronger commitment to the organization’s mission and leadership.

Get Started with IntelliVen

If you’re ready to take your organization  to the next level, it’s time to consider the IntelliVen Strategy and Planning OffsiteContact us to learn more about how our team can help you identify and reach your strategic goals for the long-term.

Invest in your organization’s long-term future with the IntelliVen Strategy and Planning Offsite.
Contact us now!

Key to Operating Success in a Crisis

With baby boomers entering their last stages, Private Equity invested in senior residences ahead of the certain increase in demand as an aging population would surely seek community, comfort, support, and safety from communal living. COVID-19 changed the calculus overnight. WeWork and Airbnb represent two more niches that are forever changed…as are many more.

The time-honored formula for managing operations in crisis is simple and straightforward:

  1. Shrink to the size you can afford
  2. Prepare to grow
  3. Grow
Watch this video for an explanation of how to avoid “death by a thousand cuts” and come out strong instead in a crisis!

While shrinking to size takes force of will, it can be done by just deciding to do it. Preparing to grow is harder and takes careful thought and planning.

IntelliVen is management’s guide, especially in a crisis, to maturing operations in sync with stage of venture evolution to create maximum value in minimal time. 

In this time of crisis, we want to share what we have learned with you and your team. Join us for a FREE online session. 

 

Plan Evolution

The following sequence leads to a fully developed financial plan that the CEO, Executive Leadership Team, Senior Leadership Team, board, and employees all buy-in to achieving:

  • Executive Leadership Team (ELT) takes the Senior Leadership Team (SLT) offsite to review where we were, where we are, and where we’re headed, what we’re proud of and what we need to work on next following the script laid out here.

    While it is important to have both a high-level top-down and a preliminary sense for a bottom-up view of the financial plan, the offsite is not mostly about the numbers … it is about strategy.

    Specifically, what is working, what is not working, what is possible, what do we want to do, and what are we going to do. The objective is to set the context for the top down aspirational view of the future to iterate and come together with the bottom-up view during the detail planning.
  • The ELT briefs the board in the fall meeting to share how the current year is turning out, status on key initiatives, and to proffer/review/tweak planning guidance for next year.
  • Then All Hands meeting communicates the where we were, where we are, and where we’re headed with the full backing and support of the SLT, broader leadership team, and the board. Note how it all cascades down from CEO to ELT to Broader Leadership Team to Board to Company as a Whole, building an ever broadening base of support for what the CEO carries as a vision and direction.
  • Then, the bottom-up planning begins in earnest with each unit of major responsibility preparing and reviewing with the CEO how they have done, what they are working on next, and how things will be going forward.
  • The sum of the unit plans needs to be greater than the plan because it is unreasonable to plan on absolutely everything going according to unit plans.
  • The CEO and ELT strive to construct a top-down plan that is rational relative to the bottom up plans. They iterate until the top-down and bottom-up plans are in sync and judged to be aggressive but achievable…for example Planned Revenue ~= Firm Revenue (i.e., Booked & Highly Probably) + 1/3 (Highly Qualified Pipeline).
  • The spring All Hands is to inform everyone how things are going and to engage the whole company in moving forward on the top one, two, or three Strategic Initiatives.
  • The spring ELT offsite is for the top team to bond, assess, refresh, and get a common sense for each other, how things are going, and where things are headed.

SEE ALSO

Annual Process
Annual Planning Offsite POAD
How to Run a Great Annual Planning Offsite