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Does
Your Business Have One Blue Shoe?
Okay,
confess: you've left the house before, wearing one black
shoe and one blue (or brown) shoe. You didn't
realize your shoes didn't match until you arrived at
your destination and/or stepped into better lighting.
When you made the realization, you had a few choices:
A.
Go home and change
B. Run into a shoe store
and buy a new pair of shoes
C. Ignore it and
hope no one notices (or mentions it)
D. Hope everyone is colorblind
E. Point it out yourself
and laugh about it
F. Go home and call it a day
Many
businesses operate with one blue shoe. The
business selects a new strategic direction and sets
organizational goals (black shoes). The
business leadership team expects the organization to
execute based upon those defined parameters. The
organization continues to operate based upon the organizational
infrastructure that is in place (blue shoes).
As the organization moves ahead, instead of having a
matching pair of shoes—either both black or both
blue—the organization has a mismatched pair: one
black, one blue.
Arguably,
the shoes are both worn simultaneously and function
as shoes are intended to function, enabling the business
to take progressive steps forward. The
problem is that, while
the differences may appear to be cosmetic and unimportant,
the reality is that the color is the visible difference—it
is what you can see. There may be differences
that extend beyond the color—each pair of shoes
was designed to match up black to black and blue to
blue. They were also meant to complement (complete)
each other—a seamless team. While the
mismatched shoes may get you to your destination, how
much more comfortable would you be not worrying about
someone noticing the mismatched shoes?
Mismatched
infrastructure and strategy is often viewed as surface
or cosmetic, much like the difference in the color of
your shoes. The impact on the business dealing with
the discrepancy can and does have far reaching impact
on performance.
When
infrastructure doesn't align with strategy and objectives
in a business, things are out of synch. The
organization must worry about and pay attention to how
to handle all of the different ways to address the discrepancies.
When the organization is trying to decide what
actions to take, it is unable to deploy resources efficiently
and effectively. The organization must make
tactical decisions equivalent to your response to dealing
with mismatched shoes. For the organization, those tactical
decisions include:
1.
Initiate an organizational restructure or redesign (go
home and get the matching shoe)
2. Implement a new business
management system (buy a new pair)
3. Keep
the existing infrastructure and deal with the inconsistencies,
breakdowns, and priority conflicts as they occur (hope
no one notices)
4. Ignore the problems and
push the organization to achieve the desired results regardless
of the fact you haven't given them the tools and resources
(hope everyone is colorblind)
5. Point out to the
organization that things don't match and act like it doesn't
matter (point it out and laugh it off)
6. Look for another job, close down the business,
or settle for what you can get (go home and call it a
day!)
Look
around your organization. Have
you recently decided to pursue new opportunities or
expand operations? Have you added new products, territories,
or technology? Are your sales people highly successful
and you are blessed with extreme revenue growth?
What
have you done to change your organization—its
systems, skill sets, and capacity—to recognize
these changes in direction?
Are you still wearing one of your old shoes and one
new shoe? Is one shoe black and the other one blue?
Is your organization ever so slightly out of synch?
Are you handicapping your organization by not making
sure the shoes not only fit but also match?
The
importance of ensuring that your organization's vision,
mission, strategy, infrastructure, goals, and people
are all aligned can't be overstated. The degree of business
success is significantly impacted by the ability to
use all resources efficiently and effectively.
The
business that is able to focus its resources toward
specific outcomes is able to maximize its return on
investment. The maximum return on investment
is about deploying resources to achieve results and
returns. Spreading resources
too thin or across too many projects often results in
under-funded and under-resourced projects—none
of the projects are able to get the full degree of success
because of the limitations and constraints.
A
business is ultimately a group of resources and projects,
each of which must be managed to ensure that those with
the best potential get a chance to succeed. Each
step that the organization takes needs to be synchronized.
It is important that each step taken is consistent in
both its visibility and the manner in which it is integrated
into the business as a whole.
Having
one blue shoe that doesn't match when you get dressed
and go out the door may be embarrassing or distracting.
It is unlikely that it will lead to serious consequences.
For organizations, having
one blue shoe may be a sign of more serious issues and
a lack of coordinated effort within the organization.
Here
are some events and activities that may lead to one
blue shoe:
•
Rapid growth in sales
• Expanding product
or service offerings beyond the organization’s "core"
competency
• Transitioning from research and development into
commercial activities (selling your product, technology,
or service, manufacturing, etc.)
• Change in senior management and leaders
• Merger or acquisition with another entity
Keep
in mind that in tight markets where competition is fierce,
the advantage goes to the organization that wastes the
least resources in obtaining customers. In
price-sensitive industries and commoditized products
and services, how well your internal operations work
and the degree of consistency between your internal
reality and the perception of the market translates
to top-line revenues and bottom-line profits.
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Lea
Strickland, MBA, CMA, CFM, CBM, president and founder of F.O.C.U.S. Resources
(a business management systems consulting firm that addresses the total
business through financial performance), has over 18 years experience
in financial and operational leadership positions with various companies
including four Fortune 500 and Global 100 companies. She has worked with
established and emerging companies—private and public, US and foreign-owned.
She holds degrees from The Ohio State University (MBA—Accounting,
Marketing and Human Resource (Change Management)) and The University of
Charleston (Bachelor of Science—Finance and Business Management
with technical minors in Marketing and Accounting).
As a financial leader, Lea was instrumental
in obtaining funding from Deutsche Bank for a local technology growth
company. She is also credited for saving over $30 million for a manufacturing
operation and obtaining $97 million in funding for the expansion of that
same facility. Her client and industry experience includes audit, banking,
OEM automotive and tier one automotive manufacturing, electonics manufacturing,
consumer products manufacturing, software, industrial textiles manufacturing,
and many other industries.
In 2004, Lea was asked to be expand
her consulting practice into working with government grant and contract
recipients on compliance and financial control systems. The government
funding-compliance consulting focuses on small technology, bio-technology,
software, and bio-agriculture businesses transitioning from research and
development to full commercial operations.
Ms.
Strickland
was
also
asked
to
develop
an
“On-shoring”
program
to
provide
consulting
services
to
technology
firms
in
Europe
and
Asia
seeking
to
locate,
build,
and
operate
facilities
in
the
United
States.
These
innovative
tele-workshops
are
provided
via
telephone
and
Internet
to
companies
prior
to
their
establishing
a
footprint
in
the
U.S.
market.
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In
addition to her consulting services, Lea is a well-known and sought-after
speaker, expert panelist, workshop leader, and author on start-ups, micro-enterprise,
small business, financial systems, and business issues for companies of
all sizes. Since 2003, she has had over 200 articles published in journals,
newsletters, website expert sites, and magazines (print and Internet-based).
Her credits include:
Expert Columnist: Carolina Newswire, NC Journal for Women, Business
Leader Magazine, Local Tech Wire
Book: Out of the Cubicle and Into Business
Area/Topic Expert: Entrepreneur Magazine
Contributing Writer and Advisor: Small Business Technology Magazine
Lea has been honored with the several
awards including: Outstanding Young Executive in the U.S. (1989), International
Who’s Who of Professional Management (1999), and Who’s Who
of Executives and Professionals (2003). Currently, she is active in municipal
governance, serving on the Town of Cary Zoning Board of Adjustments (2001
to the present). She has served as an expert panelist and speaker for
the following community and business organizations: Council for Entrepreneurial
Development, Wake County (North Carolina) Community Colleges, Institute
of Management Accountants, Graduate Women in Business National Conference
(2002), Executive Women Club, Fast Trac Programs, Small Business Technology
Development Center (North Carolina)
In addition to her current client
list, Lea (together with other business and community leaders) donates
her time to establish affordable resource programs for entrepreneurs and
small businesses. She is also co-hosting the North Carolina Capital Markets
Exchange to aid emerging and growth businesses in obtaining growth capital.
“For Lea, it isn’t about
fitting the business to the method, it’s about finding the right
approach for the business.” - G. M., Electronics Manufacturer
Lea’s hobbies and interests
include writing poetry and short stories; reading; piano; community services—mentoring
programs; and painting (oils, acrylics, watercolor, and mixed media) landscapes,
seascapes, and portraits. She also enjoys spending time with family (especially
her two nieces) and friends.
Lea
Strickland, MBA CMA CFM CBM
President & CEO F.O.C.U.S. Resources
104 Barcelona Court
Cary, NC 27513-4201
Main Telephone: 919.234.3960
Mobile: (919) 210-7171
Lea@focusresourcesinc.com
www.focusresourcesinc.com
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Upcoming
books:
Into Business Step-by-Step: Making the Key Decisions—Winter
2005
Government Grant Accounting – The Business Requirements
of Government Funding—Winter 2005
Vision, Strategy, Structure - Results—2006
The 360° Enterprise—2006 |
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