The Market Returns to Strong Employer & Individual Brands

This year, the competition for talent and market share has intensified on the elements of strong brands and inspiring leadership. An effective external brand should also represent the organization’s culture and… the value that the firm has been able to consistently deliver to its customers (i.e. attract the best talent and deliver excellence). And yet there is often a “value gap” between what customers and employees experience vs what organizations portend their brand to represent. The real problem is, the value gap issue has not been addressed in a strategic and holistic way. Additionally, we tend to see personal, individual brands as separate from team effectiveness and company market brands differently than employer brands. This “siloed” and piecemeal approach leads to the confusion and ambiguity experienced by customers, employees, investors and other stakeholders alike.

Tanvi Bhatt, India’s leading Brand Strategist noted that executives who promote their personal brands also contribute to boosting the viability of the company’s they represent. The executive’s personal brand, together with the company’s brand, has a direct effect on increasing the company’s market value.

In addition, while a company’s corporate brand is deemed important in how the company would fare in the stock market, a strong leadership brand is a value add to its marketability. Per Weber Shandwick and KRC Research, 49% of an organization’s overall reputation is attributed to the CEO’s “brand” and 60% of market value is attributed the company’s reputation.

From an ROI perspective, a strong, individual leadership brand equates to greater fulfillment in customers’ and investors’ expectations, thereby translating to superior financial performance ( think Jobs, Branson, Bezos etc).  It is also important that an individual’s value to the organization and marketplace be absolutely transparent, and to employ a holistic approach in leveraging authority and expertise without sacrificing “brand equity” (think about the disastrous sequence of Hewlett Packard CEOs).

For a company, it is all about becoming indispensable to the customer; for an individual leader, it is all about becoming indispensable to your organization.

From a market perspective, it is crucial to build an effective leadership brand through clearly defined talent development plans, and to know how to leverage your brand in the marketplace with a clear “leadership presence”. Many customers consider a CEO’s reputation before buying their product. These online and offline reputations not only affect customers, but investors as well. Whether a CEO is forming a start-up or managing the investment funds, shareholders may consider a CEO’s reputation before investing or getting involved.

At the Executive Next Practices Institute, the term we use to describe an individual or company brand that is truly indispensable is known as being “VITAL”. Being VITAL to the marketplace means that you are: Valuable, Impactful, Transparent, Adaptive and Leveraged across your organization.

This topic is being covered in detail at a series of our Workforce 2020 C-suite events and workshops this year. These sessions are designed to improve executive and team leadership brands for value, effectiveness and improved market visibility. Some of the practical skills that will be covered at these events include: how to identify and create a mosaic of leadership “differentiators” for improved team, customer and market effectiveness; how to best leverage and manage multi-media (video, social media, speaking); and how to use multi-rater feedback to enhance brand equity. View more details or request information at www.enpinstitute.com/events or email info@enpinstitute.com 888.857.9722.

Sources:

  1. http://personalbrandingindia.wordpress.com/2012/11/07/benefits-of-employee-branding-for-your-corporate-brand-1/
  2. http://www.webershandwick.com/uploads/news/files/CEO_Spotlight_ExecSummary.pdf
  3. http://socialmediatoday.com/tompick/1647801/101-vital-social-media-and-digital-marketing-statistics-rest-2013
  4. http://www.forbes.com/sites/cherylsnappconner/2014/01/18/5-new-reasons-ceos-should-maintain-a-stellar-reputation-online/

The Strategic Pivot: Re-launch Your Organization via the “2015 Breakthrough Offsite”

View Full Size Infographic Image

View Full Size Infographic Image

Three months into 2015, how well is your team prepared to adapt, focus, and deliver results that will carry your organization forward? How ready are you to capture new business in a revived and hyper competitive marketplace?  Chances are, if you approach your strategic, brand and operational planning the same way you’ve done it in the past, you are likely to wind up with the same status quo results.

Business planning, strategic sessions, team building and project plans all have one thing in common- they have an increasingly short relevance and viability in today’s markets. A new approach- focused on value, adaptability, innovation and sustained results for all stakeholders is called for.

Perhaps you’ve decided to meet as an executive or departmental team to recast or update your strategy for 2015. Congratulations, now the key question- how do you design an effective, engaging session given the urgency and need for insight, alignment and quantifiable outcomes?

Here are 7 “next practices” for a “re-launch” of your team in 2015:

  1. A Relentless Focus on the “Mountaintop”

IMG_1434 Vision is great, absolute clarity of what success will look like when you arrive is even better.

What are the 3 to 5 highest value initiatives that your company needs to achieve? Will in fact these initiatives produce both external market growth and build superior internal capability?  This will allow you to focus on the things that truly matter and prevent you from being sidetracked or overwhelmed by too many “priorities”.

What is the “burning platform” or market imperative that drives the need for a strategic  update?  A cross functional representation of your key leadership should weigh in on your  agenda planning to finalize the meeting scope, length and final participants.

  1.  Market and Operational Intelligence

All relevant research on your industry space, current & forecasted market conditions and internal capability assessments should be done prior to your strategy session so that the actual meeting is focused on action, not analysis.

Your 100 day strategy agenda should contain a comprehensive list of topics to be discussed as well as a brief on external speakers. Feedback should be solicited from all members who will participate. The feedback is often gathered in a pre-offsite interview with the session facilitator and designed to anonymous.

  1. Hire a Professional Facilitator

photo How you conduct your meeting is almost as important as the outcomes themselves. Once you have identified the need to do a strategic planning meeting with your executive team, it is important to decide whether or not to engage an external adviser to facilitate the meeting.

Internal (employee) facilitators often have an advantage of knowing the company and key  players well, but may not have the position power, be limited politically and/or have a  limited strategic skill set. Even if they have all three attributes, many internal experts often  prefer to remain neutral and be part of the offsite experience as opposed to facilitating it.

You may instead want the objectivity of a professional strategic adviser to keep the meeting  moving forward, overcome conflicts, and recognize/help the group pivot when necessary. A good facilitator is not only an expert at strategic planning, but they know how to manage the session “flow”, group dynamics, energy levels and when to limit or extend strategic discussions.

  1. Build an “Emotional Engagement Arc”

Strategic planning sessions and executive retreats can be an extraordinary venues for collaboration among the members of your executive team in your pursuit to achieve a purpose. Hence, limit the number of formal, elaborate PPT presentations during the retreat to allow more time for your participants to share their insights and exchange ideas with each other.

Just like a stage play, a retreat should have an emotional arc. Typically, you would want to have a lower level of emotional engagement in the early stages as the issues and environment are explored, building to a fully engaged, passionate discussion of the issues and potential solutions as key strategic initiatives are identified. At the end of the retreat, participants should feel energized and ready to act vs. beaten down by an overcooked agenda, or rehash of past failures.

  1. Leading and Milestone Metrics

How will you know you have arrived? Leading edge indicators, dashboards and visually oriented tracking techniques are all important to
establish during the course of your offsite. These are generally supported by clear project plans with owners and timetables. Additionally, goals and objectives should follow the SMART criteria (Specific, Measurable, Actionable, Realistic and Time-based)

  1. “Break it” for Breakthroughs

newsletter2“Next practices” are best developed across functions, where hand-offs occur and new standards and processes can be developed. No company can progress if they remain in siloed thinking. Your offsite can be a source of significant breakthroughs if the different functional areas are allowed to “free-stream” ideas for improvements in a collaborative way.

It means having the courage to confront and “break” legacy systems, behaviors and practices. Additionally, we have seen several CEOs literally extend a session until they were sure that they had a unified mindset among all team members to the mission, vision and key strategic initiatives developed during the retreat. Not consensus, but a genuine overall agreement to the best direction to follow at this time, knowing that a pivot in direction may be necessary in the future.

  1. Communicate, Mitigate Risk & Align

Changes and new strategic directions developed during the strategic planning session often give birth to several potential risks. You and your executives must be on the same page on how you will manage all the risks that comes with the changes.

The participants of your strategic planning session are your best project leaders and champions in implementing and communicating the changes. Therefore, before you end the strategic planning meeting, an essential step is to secure the commitment of your management team in adopting and owning the changes agreed upon during the sessions.

Finally, your employees are both your most important stakeholders and have the greatest impact on whether your strategy will work or…you’ve just engaged in another “rope climbing exercise”. Make these internal communications a top priority. We have frequently seen the effective use of alignment “maps” deployed to communicate strategy.

We wish you the best of success in 2015 and beyond.

The Strategic Pivot- Re-launch Your Organization via a “2015 Breakthrough Offsite”

7-steps-infographic-v6

View Full Size Infographic Image

How well is your team prepared to adapt, focus, and deliver results that will carry your organization forward in 2015? How ready are you to capture new business in a revived and light speed marketplace?  Chances are, if you approach your strategic, brand and operational planning the same way you’ve done it in the past, you are likely to wind up with the same status quo results.

Business planning, strategic sessions, team building and project plans all have one thing in common- they have an increasingly short relevance and viability in today’s markets. A new approach- focused on value, adaptability, innovation and sustained results for all stakeholders – is called for.

Perhaps you’ve decided to meet as an executive or departmental team to recast or update your strategy for 2015. Congratulations, now the key question- how do you design an effective, engaging session given the urgency and need for insight, alignment and quantifiable outcomes?

The most effective outcomes from these strategic action meetings are met by reaching a unified mindset about where to go, when to go, and how to get there.

Here are 7 “next practices” for a “re-launch” of your team in 2015:

1. A Relentless Focus on Measurable Key Outcomes and a “Mountaintop”

Vision is great, clarity of what success will look like is even better.

What are the 3 to 5 highest value initiatives that your company needs to achieve? Will in fact these initiatives produce both external market growth and build superior internal capability? This will allow you to focus on the things that truly matter and prevent you from being sidetracked or overwhelmed by too many “priorities”.

What is the “burning platform” or market imperative that drives the need for a strategic update? A cross functional representation of your key leadership should weigh in on your agenda planning to finalize the meeting scope, length and final participants.

2. Professional Guidance is Essential

How you conduct your meeting is as important as the outcomes themselves. Once you have identified the need to do a strategic planning meeting with your executive team, it is important to decide whether or not to engage an external adviser to facilitate the meeting.

Internal (employee) facilitators often have an advantage of knowing the company and key players well, but may not have the position power, be limited politically and/or have a limited strategic skill set. Even if they have all three attributes, many internal experts often prefer to remain neutral and be part of the offsite experience as opposed to facilitating it.

You may instead want the objectivity of a professional strategic adviser to keep the meeting moving forward, overcome conflicts, and recognize/help the group pivot when necessary. A good facilitator is not only an expert at strategic planning, but they know how to manage the session “flow”, group dynamics, energy levels and when to limit or extend strategic discussions.

3. Market and Operational Intelligence

DesktopIt is an effective practice to send the offsite agenda days, if not weeks in advance of the scheduled retreat. The program should contain a comprehensive list of topics to be discussed as well as a brief on external speakers. Feedback should be solicited from all members who will participate. The feedback is often gathered in a pre-offsite interview with the session facilitator and can be structured as a confidential conversation to ensure maximum candor concerning both business and team effectiveness issues.

Most importantly, all relevant research on your industry space, current & forecasted market conditions and internal capability assessments should be done prior to the session so that the actual meeting is focused on action, not analysis.

4. Build an “Emotional Arc”

Strategic planning sessions and executive retreats can be an extraordinary venues for collaboration among the members of your executive team in your pursuit to achieve a purpose. Hence, limit the number of formal, elaborate PPT presentations during the retreat to allow more time for your participants to share their insights and exchange ideas with each other.

Just like a stage play, a retreat should have an emotional arc. Typically, you would want to have a lower level of emotional engagement in the early stages as the issues and environment are explored, building to a fully engaged, passionate discussion of the issues and potential solutions as key strategic initiatives are identified. At the end of the retreat, participants should feel energized and ready to act vs. beaten down by an overcooked agenda, or rehash of past failures.

5. Forward aiming Metrics

How will you know you have arrived? Leading edge indicators, dashboards and visually oriented tracking techniques are all important to establish during the course of your offsite. These are generally supported by clear project plans with owners and timetables. Additionally, goals and objectives should follow the SMART criteria (Specific, Measurable, Actionable, Realistic, Time-based)

6. “Break it” for Breakthroughs

Next practices are best developed across functions, where hand-offs occur and new standards and processes can be developed. Your offsite can be a source of significant breakthroughs if the different functional areas are allowed to “free-stream” ideas for improvements in a collaborative way.

It means having the courage to confront and “break” legacy systems, behaviors and practices. Additionally, we have seen several CEOs literally extend a session until they were sure that they had a unified mindset among all team members to the mission, vision and key strategic initiatives developed during the retreat. Not consensus, but a genuine overall agreement to the best direction to follow at this time, knowing that a pivot in direction may be necessary in the future.

7. Communicate, Mitigate Risk & Align

Changes and new strategic directions developed during the strategic planning session often give birth to several potential risks. You and your executives must be on the same page on how you will manage all the risks that comes with the changes.

The participants of your strategic planning session are your best project leaders and champions in implementing and communicating the changes. Therefore, before you end the strategic planning meeting, an essential step is to secure the commitment of your management team in adopting the changes agreed upon during the sessions.

Finally, your employees are both your most important stakeholders and have the greatest impact on whether your strategy will work or you’ve just engaged in another “rope climbing exercise”. Make these internal communications a top priority. We have frequently seen the effective use of alignment “maps” deployed to communicate strategy.

Contact the author: Scott Hamilton, CEO NextWORKS™ scott@scotthamiltonnext.com 888.857.9722

Personal and Company Brand Congruency: Do Customers, Investors and Employers Value What You Think They Do?

Markets value strong brands and strong leadership. A strong external brand should be deeply embedded within an organization’s culture and represent the value that the firm has been able to consistently deliver to its customers. And yet there is often a “value gap” between what customers and employers experience vs what individual executives and organizations portend their brand to represent. The real problem is, the value gap issue has not been addressed in a strategic and holistic way. We tend to see personal brands as separate from team effectiveness and company market brands differently than employer brands. This siloed and piecemeal approach leads to the confusion and ambiguity experienced by customers, employees, investors and other stakeholders.

Tanvi Bhatt, India’s leading Brand Strategist noted that executives who promote their personal brands also contribute to boosting the viability of the company’s they represent. The executive’s personal brand, together with the company’s brand, has a direct effect on increasing the company’s market value.1

In addition, while a company’s corporate brand is deemed important in how the company would fare in the stock market, a strong leadership brand is a value add to its marketability. Per Weber Shandwick and KRC Research, 49% of an organization’s overall reputation is attributed to the CEO’s “brand” and 60% of market value is attributed the company’s reputation.2

From an ROI perspective, a strong

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leadership brand equates to greater fulfillment in customers’ and investors’ expectations, thereby translating to superior financial performance. It is also important that an individual or team’s value to the organization and marketplace is clear, and to employ a holistic approach in leveraging authority and expertise without sacrificing “brand equity.” For the company, it is all about becoming indispensable to the customer; for an individual leader, it is all about becoming indispensable to your organization.

From a market perspective, it is crucial to build an effective leadership brand through clearly defined strategic marketing plans, and to know how to leverage your brand through the web. To emphasize this need for internet marketing, consider this statistic – 82% of consumers say that they trust a company more if its CEO and senior leadership team are active in social media.3 This may be because many customers consider a CEO’s reputation before buying their product. These online reputations not only affect customers, but investors as well. Whether a CEO is forming a start-up or managing the investment funds, shareholders may consider a CEO’s reputation before investing or getting involved.4

At the Executive Next Practices Institute, the term we use to describe effective individual and executive

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brands is “VITAL”. VITAL means that you are

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Valuable, Impactful, Transparent, Adaptive and Leveraged to your organization.

This topic is being covered in detail at the Vital Leader Forum on May 16, 2014 in El Segundo, CA. The session is designed as a special program to improve executive and team leadership brands for value, effectiveness and improved market visibility. Some of the practical skills that will be covered at this event include: how to identify and create a mosaic of leadership “differentiators” for improved team, customer and market effectiveness; how to best leverage and manage multi-media (video, social media, speaking); and how to use multi-rater feedback to enhance brand equity. Register now on www.enpinstitute.com/events or email info@enpinstitute.com for details. You can also call 888.857.9722.

Sources:

1 http://personalbrandingindia.wordpress.com/2012/11/07/benefits-of-employee-branding-for-your-corporate-brand-1/

2 http://www.webershandwick.com/uploads/news/files/CEO_Spotlight_ExecSummary.pdf

3 http://socialmediatoday.com/tompick/1647801/101-vital-social-media-and-digital-marketing-statistics-rest-2013

4 http://www.forbes.com/sites/cherylsnappconner/2014/01/18/5-new-reasons-ceos-should-maintain-a-stellar-reputation-online/

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