Articles

The Five Keys to Building a
Successful Company

Part 1 .- 2 .- .3 .- . 4 .- .5

 

By John Spence

(Following is a five-part series of short articles that John wrote for Gainesville Today Magazine on what it takes to build a successful organization)

During the course of the past five years I have had the opportunity to serve as a management consultant and corporate trainer to more than 180 companies worldwide. Working with these organizations in the areas of strategic planning, marketing, sales and leadership development I have been afforded a unique perspective of how companies in thirty different industries operate. What I have found is that regardless of the size of the organization, from small 2-3 person entrepreneurial enterprises, to 100,000 employee multi-national corporations, there are specific characteristics that clearly differentiate “Great” companies.

The first, and most important factor in successful companies is the existence of a clear, vivid, and compelling vision of exactly where the organization is headed. A vision that tells employees throughout the operation why they are coming to work, what they are working towards, and how it will look and feel once they achieve the vision. A vision that gets everyone excited about coming to work and contributing to the success of the organization and also shows the personal benefits of attaining corporate excellence.

What I am not talking about is some sterile “Vision Statement” handed down from the top. We have all seen the impressive looking engraved plaques that read: “The ABC Company will be the world leader in blah, blah, blah…” These are usually hung in every office in the company, yet completely invisible to all the employees. A real vision is built from the ground up by the people who will do the actual work to make it happen.

Through team meetings, surveys, and discussions over beers after work, the vision takes shape. The leader listens, watches and asks questions. Then the leader does something important, he or she takes the necessary time to sit down and think deeply about the vision and direction of the company, taking in all the input they have gathered to create a living vision that reflects the hopes and aspirations of the team and the realities of the marketplace.

After the vision has been developed there are still two critical tasks. Step one is to support the vision with SMART Goals: Specific, Measurable, Agreed Upon, Realistic, and Time Bound goals that are written down. These sort of detailed goals are absolutely essential to letting everyone in the organization know exactly what they should be doing on a daily basis to make the vision a reality.

The last step for ensuring the vision is effective, constant and consistent communication of the vision throughout the organization. Formally through memos, e-mail, and newsletters; informally through meeting and face-to-face communications, until the entire company is infused with a clear, vivid and exciting vision to their future success.

Part 1 .- .2 .- .3 .- . 4 .- .5

The Five Keys to Building
a Successful Company