The toughest management challenge, as the leader of a growing business, is getting your DNA passed down to the next generation of leaders – those middle managers that either make your life easier by carrying a large management load of the business or wreak havoc as they repeat many of the same mistakes you thought were already resolved earlier in the company’s history.
Ground Hog Day Experience
Once you get over 40 employees and you start to fill out a middle management level in the company, you start to experience your own “Ground Hog Day” movie moments, where it feels like you’re reliving the same frustrating day, day in and day out. The only viable solution I’ve found for developing an outstanding middle management and supervisory team is pulling them ALL together and spending four to eight hours each month collectively focused on the priorities and challenges of the business.
It’s in the process of wrestling common issues, challenges, and opportunities ‘to the ground’ together that you, as the leader of your company, are able to share your industry knowledge, thought processes, approaches to problem solving, and core values. In addition, it provides you and your senior team real insight into ‘who’s getting it and who’s not’ among your middle managers, letting you know with whom you might need to spend a little more time training and coaching.
It’s also a convenient time to provide some collective training and education. Schedule training on your new CRM system during this time or invite in a vendor to work with your team to share the latest developments in your industry.
Agenda
Gene Kirila would gather his 12 to 15 middle and upper managers together and follow a strict 12 point agenda:
-
Growth Report- Good News and Actions Needed
-
Drivers of Reputation and Productivity Report and Actions Needed
-
Discipline Report on Priorities, Metrics. Meeting Rhythm
-
Numbers- Performance Indicators, Financial Report and Actions Needed
-
Market report on Customers Competitors News and Actions Needed
-
Intellectual Capital/People Report and Actions Needed
-
Corporate Calendar of events and Process reviews and Actions Needed
-
Action Teams and Committee Report and Actions Needed
-
Glossary of Terms updates
-
Decision Time- People, Cash, Execution, Strategy
-
Quarterly Action plan report and Actions Needed
-
Review of the one page plan and consensus on edits then publish for sign off.
For India-based Shah, his 3 hour monthly management meeting follows a simpler four part agenda:
-
Three-five minute education slots by 3 different directors. One covers a personal development tip, one covers how to manage more effectively and one covers how they can help their clients make more money out of their BNI membership.
-
This is followed by an update from each director on his/her goals and achievements that they would like to trumpet and what the pipeline is looking like for the next 30-60 days. They look at 3 Key Result Areas (KRAs) – Number of members, number of visitors and amount of business generated. They also ask for help if required and other directors who would like to help with an issue take it offline.
-
Announcements about key events and points to note from their HQ in the US.
-
This is followed by breakfast so that by 10.30am everybody is on their way.
Number of Participants
You can figure having 7% to 12% of your total number of employees in these monthly meetings since this represents the typical range of “management span of control” within most organizations. This means for a firm with 400 employees, I’ve seen 40 to 50 supervisors to senior managers involved in these monthly meetings. This is actually and ideal number of participants if you want to maximize the diversity of ideas while keeping the meeting manageable.
Tangible Results
Larry Parrotte, COO of Springfield, VA-based TransForce: “While there are multiple tangible results and benefits we’re realizing from our monthly meeting series, perhaps the most important is the fact that we have a chance to step off the intense daily merry-go-round of running the business to dedicate some very intentional time to forward looking strategic planning and the development of a shared vision.”
