How healthy is your organization? Are the politics low and communication high? Can you feel the energy when you walk in the door? Is everyone moving in the same direction and collaborating to solve complex problems?
In this episode I discuss how to improve the health of your organization and much more with veteran investor and business builder, Mark Abbott. I first met Mark more than 10 years ago when we worked on a transaction together. Since then, Mark has retired from doing deals to focus on building long-term value in companies. Find out more about Mark at mark-abbott.com and on LinkedIn.
Here are some things you’ll take away from our discussion:
- why smarts and operational skills are no longer enough if you want to build a high-performing organization
- the work required to create a healthy work environment is simple, but rarely done
- two characteristics of every winning business
- how a compelling vision connects strategy to yearly, monthly and daily goals
- the road to success often begins with just asking yourself, “what do I want more of from my business?”
- most business issues fall into one of the six key areas: vision, people, data, issues, process, traction
- why you must fire that superstar performer who’s chipping away at your culture and slowly killing your organization
- successful leaders are experts at dealing with challenges and solving problems
- focus on the 20% of processes which are vital and everyone has more fun
- businesses fail when top management isn’t truly open, honest and constructive with each other – a mentor or business coach can help with this
Resources Mentioned In The Podcast
- Book: Traction, Gino Wickman (founder of the EOS System)
- Book: Great By Choice, Jim Collins & Morten Hansen
- Book: Good to Great, Jim Collins
- Book: Built to Last, Jim Collins
- Book: Getting Naked, Patrick Lencioni
- Book: The 5 Dysfunctions of a Team, Patrick Lencioni
- Book: The E-Myth Revisited, Michael Gerber
- Book: StrengthsFinder 2.0, Tom Rath
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