Archives For Value Creation

I wrote recently of how it had occurred to me that it was absolutely critical for academia and business to come together for the greater good of global business and inter-culturism. Oddly enough, as I spoke recently on a global stage, my views were reinforced ten-fold.  As, on this particular occasion, I addressed a global audience of primarily academic and administrative attendees, it rapidly became apparent that they were not too accustomed to hearing from the business sector.  As I made my points and finished by commenting on the need for global business and academia to partner for the betterment of us all, I was greeted with applause and standing ovations. I thought to myself, “How remarkable – we all know we need to work together, yet the mention of actually doing so is a revelation.”

The idea that business and academia would partner to create stronger graduates and leaders seems to be quite novel. Until recently, I had not given it a lot of thought, but I was challenged by a respected colleague  to provide some ideas as to how this could effectively work. Experience has shown me that business struggles to transform leadership and management theory into reality, and academia seems to struggle in the areas of really understanding how to develop, at an experiential level, anything new or innovative that can actually be leveraged to impact business. Here are some of the things I have done personally, and with clients, in the past that could be effective for others moving forward:

  • I have, from a corporate and coaching perspective,  partnered with universities to come on site and teach courses that incorporate solid global management principles and theories, but that are backed up with real-time global client business cases. These cases are pertinent to current business issues the company is facing and current employees are responsible for managing. Employees actually talk to the clients about the cases and potential solutions – this has repeatedly been wonderful for relating theory to experiential practices.
  • Sandwich learning is highly effective  –  I encourage clients to support employees alternating relevant periods of education with professional application.
  • Training in conjunction with Coaching always has a stronger outcome due to the repeated reinforcement and targeted approach. Extended, reinforced methods of educating both leaders and employees facilitates true growth and development in both the individual and teams.
  • At conferences that attempt to bridge the gap between academia and business, I tend to see two types of presentations: 1) purely academic that seem out of touch with business and 2) purely business with no real interest in what academics have to say. Wouldn’t it be interesting to pair an academic professional and a business professional and ask them to partner for a joint session presenting a multifaceted problem with potential for a joint solution? Could we derive some unique, joint perspectives?
  • Create and deploy joint think-tanks with membership split between academia and global business – with the express purpose of deriving joint solutions to move both camps forward. I have in the past run both Technical and Strategic Advisory Councils that had similar, but not expressly the same, missions – they were both based on corporate/client think-tanks instead of academic/business think-tanks…

If we are to evolve meaningfully, we will need to look to Translational Science – we have it in medicine and we need to bring it to global business. Translational science is scientific research that is motivated by the need for practical application. The term is used mainly in the health sciences and refers to things like the discovery of new drugs that directly help improve human health through alternative uses. Thus, translating bench or “lab” science to clinical practice and real people. In essence, the same principle applies to business. We need to translate the research that is done on management and leadership into practical applications that can be effectively deployed. It seems an easy concept, but experience tells me that today, most executives out there can not translate theory into application. As such, they do not apply potentially impactful research findings to their business environment – thus making the valuable research that is done essentially useless in real-world business application.

So you may ask, “how we can apply Translational Science to global business?” While certainly not the all-inclusive answer, I do believe that the five points made above could be a valid start to the process. We have got to find ways to bring academia and business together to leverage the best in both for the betterment of the whole. If we don’t, we will never actually move forward.

You can contact me at Sherilmackey@gmail.com with your thoughts or comments. Check back soon for the next installation of Leadership Across Boundaries & Borders.

Being a great leader is more than just a title – it is hard work.  It requires unprecedented levels of innovation and a commitment to the organization and its constituents, as well as the ability to continually inspire and motivate others to succeed. One key way to achieve ongoing innovation and sustainable results is through the creation of an execution culture.

You, as a leader, have an opportunity to accelerate progress in your organization through the deployment of Rapid Result Initiatives (RRI’s), which can be used to:

  • Increase current performance
  • Strengthen collaboration
  • Facilitate innovation
  • Demonstrate success in the process of executing your long term vision and mission

RRI’s are small, high-leverage, short-term projects that generate immediate impact and measurable results, while tapping into hidden capacity and building momentum to drive large-scale change – usually in 100 days or less.

Exceptional leaders understand they must calculate their steps and fully understand what they have and how to use it most effectively to continually move forward. One very beneficial way to do this is to structure your organization as a portfolio of RRI’s leading to the achievement of ultimate vision. This approach creates the opportunity to pursue strategically critical goals that deliver real impact, while  linking directly to the long term plans and objectives of the organization. Each RRI becomes a vehicle for achievement, learning, and the advancement of long term goals.

The core of Rapid Results Initiatives involves working with your teams to set and achieve small (but aggressive) goals in one or more key areas of performance. From this perspective, teams are compelled to tap into hidden reserves of capacity and energy to get the job done, taking action and testing assumptions to determine how to best achieve the desired objective on a compressed timeline. Through a succession of fast-paced, results focused initiatives, you can make remarkable gains toward major goals and objectives.

Continue Reading…

Last week we discussed working across boundaries and implementing a systems approach. This week, I am continuing the theme with an expansion of what it means to work across boundaries and some suggestions to help you do so successfully.

Working across boundaries means many things to many people… It can mean:

… working across organizational lines

… working across supervisory or leadership levels

… working across functions

… working across corporate entities (partners, resellers, etc.)

…working across customer lines

… working across physical confines

… working across cultural differences

Continue Reading…

Welcome back to Leadership Across Boundaries & Borders!  I can be reasonably sure, most of you would tell me that you are efficiently managing your resources – cutting costs, increasing productivity, etc.  – all good and honorable duties respectable leaders are expected to perform. However, For the next several weeks I will be discussing resource maximization of a specific type – Human Resources… People Potential – and your ability to leverage your resources across the organization and across the globe for all-encompassing  corporate and interpersonal success.

 

Many of us like to believe that, with a good plan, we can direct an action, change a process, standardize the business, etc., but if that is all you are focused on, your likely percentage of success is very low.  The reality of any business situation is that you need people to DO something in order for your plan/action/change/etc. to succeed.  How, in a globally dispersed environment, you inspire employees to bring their talents, initiative, imagination, and passion to work every day is the very delineation between success and failure.  It may seem like a lofty concept, but it is absolutely essential to your long-term success – first and foremost, never forget PEOPLE are absolutely essential to your success. Continue Reading…

This past week, I found myself in Kings Canyon and Sequoia National Park. I went with the idea that I would relax and enjoy the long holiday weekend… and I did. However, as I observed a forest with both old and new growth, I also could not help notice the trees ravaged by sickness and fire. I found myself thinking about what the forest has to teach us about business…

The forest is a global entity made up of individual components with very different characteristics, yet at the same time is very interdependent upon one another.  In business, the term “Think Global/Act Local” was originally based on the idea of customizing standardized products and services for regional consumption in accordance with the local language, currency, culture and regulatory climate. The challenge arose as we lost sight of our interdependence as a global entity. Not surprisingly, localization encourages each country of operation to develop its own customized solutions and operational procedures. This results in data silos around the world and companies operating with huge information blind spots across the spectrum – the forest can not thrive as it should. It can take weeks, even months, to collect, reconcile, translate and analyze regional performance – much less consolidate a global view of the corporate picture. As I looked around and considered this, it occurred to me that if global is seeing the forest, then local is tending the trees. With only a view of the forest as a whole, it is possible to overlook the trees that need attention. Up close, it is easy to focus on the detailed care of each tree, but lose sight of its contribution to the overall forest. Balancing both viewpoints is critical to keeping the trees in the forest healthy. Global corporations are like a forest – a sum of its parts – consistent, meaningful and effective local practices must contribute to the success of the whole. Continue Reading…

Slide1Hello All.

I realize I have not written much over the past year due to increasing business demands, as well as making the recent decision to sell our business, Luminosity Global Consulting Group. Given my incredible expedition so far, I am so excited to see and experience what comes next…

Over eight years ago, we launched Luminosity Global with the idea that we would enable executives to move toward their impossible future, while optimizing their people, process and programs on a global scale. Approximately one year ago, we were fortunate enough to have a corporate entity approach us and offer to acquire The Global LABB, our proprietary leadership platform built for Luminosity clients. Now, another year has passed and once again, we have had an amazing offer to purchase our consulting group.

As a result, I am excited to explore new opportunities and potentially move back into corporate life. While I have absolutely loved conceptualizing and seeing Luminosity grow into an incredible entity of its own, this is an amazing opportunity to pursue a new path in my career – one that will enable me to make a lasting impact on people, process and programs from a very targeted perspective. I am so incredibly excited to move into the next phase of my professional life… to see what adventure lies ahead. I feel so fortunate to have had the remarkable experiences I have had, yet I can feel the pull to move toward my own impossible future!

To each of you – never be afraid to change direction in unexpected way and go forward in the expectation that you can always become an even better version of yourself – if you give yourself the opportunity to do so!

I will continue to blog, as time permits, as I truly enjoy sharing my thoughts and insights with each of you – as well as receiving your questions and comments. Please continue to reach out with any questions or comments you may have. You can always contact me through Leadership Across Boundaries and Borders, as well as at sheri@sherimackey.com and I will always respond in kind.

Best Regards,

Sheri