Archive for the ‘Top Line Growth’ Category
The Next Prime Directive – Software-Based Recurring Revenue
If you know how what the system wants to be when it grows up, you can work in this line of evolution with 100% impunity. In that way, the key to success is learning how to see what the system wants to be when it grows up; learning to see where it wants to go; learning to see what it likes to do; learning to see what it wants to achieve; learning its disposition.
What do systems want? Well, for business systems, here’s a hint: Business systems seek top-line growth (increased sales revenue).
When you align your work with what the system seeks (top-line growth) roadblocks mysteriously remove themselves out of the way. No one will know why, but the right things will happen. Don’t believe me that roadblocks will disappear? For your next proposal, build it around top-line growth and use “top-line growth” in the title, and see what happens. I bet I know what will happen and I bet you will get approval.
Assess the system to learn what is missing. Then, create a proposal to fill the vacuum. Or, better yet, fill the vacuum. Do you need to ask for permission? No. Do you need formal approval? No. Is it okay to work outside your formal domain of responsibility? Yes. Is it okay if you encroach on other teams’ areas of responsibility? Yes. Is it okay if people disagree? Yes. And why is that? Because the vacuum is blocking the path to top-line growth. And why is that a big deal? Well, because the Leadership Team is measured on top-line growth and they think it’s skillful to unblock the path to Nirvana. And why is that? Well, because they are judged on and compensated for top-line growth. And, because they told the Board of Directors they’d deliver top-line growth. And if there’s one thing a Leadership Team doesn’t want to do is to break a commitment to the Board of Directors.
Here’s a rule: When your work creates top-line growth, you don’t need to ask for approval. You just need to go faster.
Here’s another rule: When you help the Leadership Team deliver on its commitment to the Board of Directors to deliver top-line growth, your career will thank you.
There are different flavors of top-line growth, but the best flavor is called “recurring revenue”. This is when customers commit to a monthly payment. Regardless of what happens, they make the monthly payment. Think Netflix and Amazon Prime. Month in and month out, customers pay every. And you can plan on it. And the revenue you can count on is much more valuable than the revenue that may come or may not. And though they don’t know how, this is why companies want to do software as a service (SaaS). And for those that don’t can’t figure out how to do SaaS, the next megatrend will be hardware as a service (HaaS). It won’t be called HaaS, rather it will be called RaaS (Robotics as a Service), machines as a service (Maas), and AaaS (Automation as a Service). But, since AaaS sounds a lot like ASS, they’ll figure out a different name. But you get the idea.
And the new metric of choice will be Time to Recurring Revenue (TtFRR). It won’t be enough to create recurring revenue. Projects will be judged by the time to create the first dollar of recurring revenue. And this will make software only projects more attractive than projects that require hardware and far more attractive than projects that require new hardware. Hardware becomes a necessary evil that companies do only to create recurring software revenue.
All this comes down to Situation Analysis or Situational Analysis (SA). On a topographic map, SA is like knowing the location of the hills so you can march around them and knowing where the valleys are so you can funnel your competitors toward them to limit their ability to maneuver. It’s a lot more nuanced than that, but you get the idea. It’s about understanding the fitness landscape so you can speculate on dispositional or preferential paths that the system wants to follow in its quest for top-line growth.
If you don’t know how the system wants to generate top-line growth, figure it out. And, next, if you don’t know what the system needs to achieve to fulfill its desire for top-line growth, figure that out. And once you identify the vacuum created by the missing elements, fill it and fill it fast.
Don’t ask for permission; just do the work that makes it possible for the system to achieve its Prime Directive – software-based recurring revenue to create top-line growth.
Image credit — JD Hancock
Are you doing what you did last time?
If there’s no discomfort, there’s no novelty.
When there’s no novelty, it means you did what you did last time.
When you do what you did last time, you don’t grow.
When you do what you did last time, there’s no learning.
When you do what you did last time, opportunity cost eats you.
If there’s no discomfort, you’re not trying hard enough.
If there’s no disagreement, critical thought is in short supply.
When critical thought is in short supply, new ideas never see the light of day.
When new ideas never see the light of day, you end up doing what you did last time.
When you do what you did last time, your best people leave.
When you do what you did last time, your commute into work feels longer than it is.
When you do what you did last time, you’re in a race to the bottom.
If there’s no disagreement, you’re playing a dangerous game.
If there’s no discretionary work, crazy ideas never grow into something more.
When crazy ideas remain just crazy ideas, new design space remains too risky.
When new design space remains too risky, all you can do is what you did last time.
When you do what you did last time, managers rule.
When you do what you did last time, there is no progress.
When you do what you did last time, great talent won’t accept your job offers.
If there’s no discretionary work, you’re in trouble.
We do what we did last time because it worked.
We do what we did last time because we made lots of money.
We do what we did last time because it’s efficient.
We do what we did last time because it feels good.
We do what we did last time because we think we know what we’ll get.
We do what we did last time because that’s what we do.
Doing what we did last time works well, right up until it doesn’t.
When you find yourself doing what you did last time, do something else.
Image credit — Matt Deavenport
Great companies are great because of the people that work there.
You can look at people’s salaries as a cost that must be reduced. Or, you can look at their salaries as a way for them to provide for their families. With one, you cut, cut, cut. With the other, you pay the fairest wage possible and are thankful your people are happy.
You can look at healthcare costs the same way – as a cost that must be slashed or an important ingredient that helps the workers and their families stay healthy. Sure, you should get what you pay for, but do you cut costs or do all you can to help people be healthy? I know which one makes for a productive workforce and which one is a race to the bottom. How does your company think about providing good healthcare benefits? And how do you feel about that?
You can look at training and development of your people as a cost or an investment. And this distinction makes all the difference. With one, training and development is minimized. And with the other, it’s maximized to grow people into their best selves. How does your company think about this? And how do you feel about that?
You can look at new tools as a cost or as an investment. Sure, tools can be expensive, but they can also help people do more than they thought possible. Does your company think of them as a cost or an investment? And how do you feel about that?
Would you take a slight pay cut so that others in the company could be paid a living wage? Would you pay a little more for healthcare so that younger people could pay less? Would you be willing to make a little less money so the company can invest in the people? Would your company be willing to use some of the profit generated by cost reduction work to secure the long-term success of the company?
If your company’s cost structure is higher than the norm because it invests in the people, are you happy about that? Or, does that kick off a project to reduce the company’s cost structure?
Over what time frame does your company want to make money?
When jobs are eliminated at your company, does that feel more like a birthday party or a funeral?
Are you proud of how your company treats their people, or are you embarrassed?
I’ve heard that people are the company’s most important asset, but if that’s the case, why is there so much interest in reducing the number of people that work at the company?
In the company’s strategic plan, five years from now are there more people on the payroll or fewer? And how do you feel about that?
Image credit — Gk Hart/vikki Hart/G
Wrong Questions to Ask When Doing Technology Development
I know you’re trying to do something that has never been done before, but when will you be done? I don’t know. We’ll run the next experiment then decide what to do next. If it works, we’ll do more of that. And if it doesn’t, we’ll do less of that. That’s all we know right now.
I know you’re trying to create something that is new to our industry, but how many will we sell? I don’t know. Initial interviews with customers made it clear that this is an important customer problem. So, we’re trying to figure out if the technology can provide a viable solution. That’s all we know right now.
No one is asking for that obscure technology. Why are you wasting time working on that? Well, the voice of the technology and the S-curve analyses suggest the technology wants to move in this direction, so we’re investing this solution space. It might work and it might not. That’s all we know right now.
Why aren’t you using best practices? If it hasn’t been done before, there can be no best practice. We prefer to use good practice or emergent practice.
There doesn’t seem like there’s been much progress. Why aren’t you running more experiments? We don’t know which experiments to run, so we’re taking some time to think about what to do next.
Will it work? I don’t know.
That new technology may obsolete our most profitable product line. Shouldn’t you stop work on that? No. If we don’t obsolete our best work, someone else will. Wouldn’t it be better if we did the obsoleting?
How many more people do you need to accelerate the technology development work? None. Small teams are better.
Sure, it’s a cool technology, but how much will it cost? We haven’t earned the right to think about the cost. We’re still trying to make it work.
So, what’s your solution? We don’t know yet. We’re still trying to formulate the customer problem.
You said you’d be done two months ago. Why aren’t you done yet? I never said we’d be done two months ago. You asked me for a completion date and I could not tell you when we’d be done. You didn’t like that answer so I suggested that you choose your favorite date and put that into your spreadsheet. We were never going to hit that date, and we didn’t.
We’ve got a tight timeline. Why are you going home at 5:00? We’ve been working on this technology for the last two years. This is a marathon. We’re mentally exhausted. See you tomorrow.
If you don’t work harder, we’ll get someone else to do the technology development work. What do you think about that? You are confusing activity with progress. We are doing the right analyses and the right thinking and we’re working hard. But if you’d rather have someone else lead this work, so would I.
We need a patented solution. Will your solution be patentable? I don’t know because we don’t yet have a solution. And when we do have a solution, we still won’t know because it takes a year or three for the Patent Office to make that decision.
So, you’re telling me this might not work? Yes. That’s what I’m telling you.
So, you don’t know when you’ll be done with the technology work, you don’t know how much the technology will cost, you don’t know if it will be patentable, or who will buy it? That’s about right.
Image credit — Virtual EyeSee
Two Sides of the Equation
If you want new behavior, you must embrace conflict.
If you can’t tolerate the conflict, you’ll do what you did last time.
If your point of view angers half and empowers everyone else, you made a difference.
If your point of view meets with 100% agreement, you wasted everyone’s time.
If your role is to create something from nothing, you’ve got to let others do the standard work.
If your role is to do standard work, you’ve got to let others create things from scratch.
If you want to get more done in the long term, you’ve got to make time to grow people.
If you want to get more done in the short term, you can’t spend time growing people.
If you do novel work, you can’t know when you’ll be done.
If you are asked for a completion date, I hope you’re not expected to do novel work.
If you’re in business, you’re in the people business.
If you’re not in the people business, you’ll soon be out of business.
If you call someone on their behavior and they thank you, you were thanked by a pro.
If you call someone on their behavior and they call you out for doing it, you were gaslit.
If you can’t justify doing the right project, reduce the scope, and do it under the radar.
If you can’t prevent the start of an unjust project, find a way to work on something else.
If you are given a fixed timeline and fixed resources, flex the schedule.
If you are given a fixed timeline, resources, and schedule, you’ll be late.
If you get into trouble, ask your Trust Network for help.
If you have no Trust Network, you’re in trouble.
If you have a problem, tell the truth and call it a problem.
If you can’t tell the truth, you have a big problem.
If you are called on your behavior, own it.
If you own your behavior, no one can call you on it.
Image credit – Mary Trebilco
No Time for the Truth
Company leaders deserve to know the truth, but they can no longer take the time to learn it.
Company leaders are pushed too hard to grow the business and can no longer take the time to listen to all perspectives, no longer take the time to process those perspectives, and no longer take the time to make nuanced decisions. Simply put, company leaders are under too much pressure to grow the business. It’s unhealthy pressure and it’s too severe. And it’s not good for the company or the people that work there.
What’s best for the company is to take the time to learn the truth.
Getting to the truth moves things forward. Sure, you may not see things correctly, but when you say it like you see it, everyone’s understanding gets closer to the truth. And when you do see things clearly and correctly, saying what you see moves the company’s work in a more profitable direction. There’s nothing worse than spending time and money to do the work only to learn what someone already knew.
What’s best for the company is to tell the truth as you see it.
All of us have good intentions but all of us are doing at least two jobs. And it’s especially difficult for company leaders, whose responsibility is to develop the broadest perspective. Trouble is, to develop that broad perspective sometime comes at the expense of digging into the details. Perfectly understandable, as that’s the nature of their work. But subject matter experts (SMEs) must take the time to dig into the details because that’s the nature of their work. SMEs have an obligation to think things through, communicate clearly, and stick to their guns. When asked broad questions, good SMEs go down to bedrock and give detailed answers. And when asked hypotheticals, good SMEs don’t speculate outside their domain of confidence. And when asked why-didn’t-you’s, good SMEs answer with what they did and why they did it.
Regardless of the question, the best SMEs always tell the truth.
SMEs know when the project is behind. And they know the answer that everyone thinks will get the project get back on schedule. And the know the truth as they see it. And when there’s a mismatch between the answer that might get the project back on schedule and the truth as they see it, they must say it like they see it. Yes, it costs a lot of money when the project is delayed, but telling the truth is the fastest route to commercialization. In the short term, it’s easier to give the answer that everyone thinks will get things back on track. But truth is, it’s not faster because the truth comes out in the end. You can’t defy the physics and you can’t transcend the fundamentals. You must respect the truth. The Universe doesn’t care if the truth is inconvenient. In the end, the Universe makes sure the truth carries the day.
We’re all busy. And we all have jobs to do. But it’s always the best to take the time to understand the details, respect the physics, and stay true to the fundamentals.
When there’s a tough decision, understand the fundamentals and the decision will find you.
When there’s disagreement, take the time to understand the physics, even the organizational kind. And the right decision will meet you where you are.
When the road gets rocky, ask your best SMEs what to do, and do that.
When it comes to making good decisions, sometimes slower is faster.
Image credit — Dennis Jarvis
Effectiveness at the Expense of Efficiency
Efficiency is a simple measurement – output divided by resources needed to achieve it. How much did you get done and how many people did you need to do it? What was the return on the investment? How much money did you make relative to how much you had to invest? We have efficiency measurements for just about everything. We are an efficiency-based society.
It’s easy to create a metric for efficiency. Figure out the output you can measure and divide it by the resources you think you used to achieve it. While a metric like this is easy to calculate, it likely won’t provide a good answer to what we think is the only question worth asking– how do we increase efficiency?
Problem 1. The resources you think are used to produce the output aren’t the only resources you used to generate the output. There are many resources that contributed to the output that you did not measure. And not only that, you don’t know how much those resources actually cost. You can try the tricky trick of fully burdened cost, where the labor rate is loaded with an overhead percentage. But that’s, well, nothing more than an artifact of a contrived accounting system. You can do some other stuff like calculate the opportunity cost of deploying those resources on other projects. I’m not sure what that will get you, but it won’t get you the actual cost of achieving the output you think you achieved.
Problem 2. We don’t measure what’s important or meaningful. We measure what’s easy to measure. And that’s a big problem because you end up beating yourself about the head and shoulders trying to improve something that is easy to measure but not all that meaningful. The biggest problem here is local optimization. You want something easy to measure so you cull out a small fraction of a larger process and increase the output of that small part of the process. The thing is, your customer doesn’t care about the efficiency of that small piece of that process. And, improving that small piece likely doesn’t do anything for the output of the total process. If more products aren’t leaving the factory, you didn’t do anything.
Problem 3. Productivity isn’t all that important. What’s important is effectiveness. If you are highly efficient at the wrong thing, you may be efficient, but you’re also ineffective. If you launch a product in a highly efficient way and no one buys it, your efficiency numbers may be off the charts, but your effectiveness numbers are in the toilet.
We have very few metrics on effectiveness. But here are some questions a good effectiveness metric should help you answer.
- Did we work on the right projects?
- Did we make good decisions?
- Did we put the right people on the projects?
- Did we do what we said we’d do?
- After the project, is the team excited to do a follow-on project?
- Did our customers benefit from our work?
- Do our partners want to work with us again?
- Did we set ourselves up to do our work better next time?
- Did we grow our young talent?
- Did we have fun?
- Do more people like to work at our company?
- Have we developed more trust-based relationships over the last year?
- Have we been more transparent with our workforce this year?
If I had a choice between efficiency and effectiveness, I’d choose effectiveness.
Image credit – Bruce Tuten
The Power of Prototypes
A prototype moves us from “That’s not possible.” to “Hey, watch this!”
A prototype moves us from “We don’t do it that way.” to “Well, we do now.”
A prototype moves us from “That’s impossible.” to “As it turns out, it was only almost impossible.”
A prototype turns naysayers into enemies and profits.
A prototype moves us from an argument to a new product development project.
A prototype turns analysis-paralysis into progress.
A prototype turns a skeptical VP into a vicious advocate.
A prototype turns a pet project into top-line growth.
A prototype turns disbelievers into originators of the idea.
A prototype can turn a Digital Strategy into customer value.
A prototype can turn an uncomfortable Board of Directors meeting into a pizza party.
A prototype can save a CEO’s ass.
A prototype can be too early, but mostly they’re too late.
If the wheels fall off your first prototype, you’re doing it right.
If your prototype doesn’t dismantle the Status-Quo, you built the wrong prototype.
A good prototype violates your business model.
A prototype doesn’t care if you see it for what it is because it knows everyone else will.
A prototype turns “I don’t believe you.” into “You don’t have to.”
When you’re told “Don’t make that prototype.” you’re onto something.
A prototype eats not-invented-here for breakfast.
A prototype can overpower the staunchest critic, even the VP flavor.
A prototype moves us from “You don’t know what you’re talking about.” to “Oh, yes I do.”
If the wheels fall off your second prototype, keep going.
A prototype is objective evidence you’re trying to make a difference.
You can argue with a prototype, but you’ll lose.
If there’s a mismatch between the theory and the prototype, believe the prototype.
A prototype doesn’t have to do everything, but it must do one important thing for the first time.
A prototype must be real, but it doesn’t have to be really real.
If your prototype obsoletes your best product, congratulations.
A prototype turns political posturing into reluctant compliance and profits.
A prototype turns “What the hell are you talking about?” into “This.”
A good prototype bestows privilege on the prototyper.
A prototype can beat a CEO in an arm-wrestling match.
A prototype doesn’t care if you like it. It only cares about creating customer value.
If there’s an argument between a well-stated theory and a well-functioning prototype, it’s pretty clear which camp will refine their theory to line up with what they just saw with their own eyes.
A prototype knows it has every right to tell the critics to “Kiss my ass.” but it knows it doesn’t have to.
You can argue with a prototype, but shouldn’t.
A prototype changes thinking without asking for consent.
Image credit — Pedro Ribeiro Simões
Want to succeed? Learn how to deliver customer value.
Whatever your initiative, start with customer value. Whatever your project, base it on customer value. And whatever your new technology, you guessed it, customer value should be front and center.
Whenever the discussion turns to customer value, expect confusion, disagreement, and, likely, anger. To help things move forward, here’s an operational definition I’ve found helpful:
When they buy it for more than your cost to make it, you have customer value.
And when there’s no way to pull out of the death spiral of disagreement, use this operational definition to avoid (or stop) bad projects:
When no one will buy it, you don’t have customer value and it’s a bad project.
As two words, customer and value don’t seem all that special. But, when you put them together, they become words to live by. But, also, when you do put them together, things get complicated. Here’s why.
To provide customer value, you’ve got to know (and name) the customer. When you asked “Who is the customer?” the wheels fall off. Here are some wrong answers to that tricky question. The Board of Directors is the customer. The shareholders are the customers. The distributor is the customer. The OEM that integrates your product is the customer. And the people that use the product are the customer. Here’s an operational definition that will set you free:
When someone buys it, they are the customer.
When the discussions get sticky, hold onto that definition. Others will try to bait you into thinking differently, but don’t bite. It will be difficult to stand your ground. And if you feel the group is headed in the wrong direction, try to set things right with this operational definition:
When you’ve found the person who opens their wallet, you’ve found the customer.
Now, let’s talk about value. Isn’t value subjective? Yes, it is. And the only opinion that matters is the customer’s. And here’s an operational definition to help you create customer value:
When you solve an important customer problem, they find it valuable.
And there you have it. Putting it all together, here’s the recipe for customer value:
- Understand who will buy it.
- Understand their work and identify their biggest problem.
- Solve their problem and embed it in your offering.
- Sell it for more than it costs you to make it.
Image credit — Caroline
The Most Important People in Your Company
When the fate of your company rests on a single project, who are the three people you’d tap to drag that pivotal project over the finish line? And to sharpen it further, ask yourself “Who do I want to lead the project that will save the company?” You now have a list of the three most important people in your company. Or, if you answered the second question, you now have the name of the most important person in your company.
The most important person in your company is the person that drags the most important projects over the finish line. Full stop.
When the project is on the line, the CEO doesn’t matter; the General Manager doesn’t matter; the Business Leader doesn’t matter. The person that matters most is the Project Manager. And the second and third most important people are the two people that the Project Manager relies on.
Don’t believe that? Well, take a bite of this. If the project fails, the product doesn’t sell. And if the product doesn’t sell, the revenue doesn’t come. And if the revenue doesn’t come, it’s game over. Regardless of how hard the CEO pulls, the product doesn’t launch, the revenue doesn’t come, and the company dies. Regardless of how angry the GM gets, without a product launch, there’s no revenue, and it’s lights out. And regardless of the Business Leader’s cajoling, the project doesn’t cross the finish line unless the Project Manager makes it happen.
The CEO can’t launch the product. The GM can’t launch the product. The Business Leader can’t launch the product. Stop for a minute and let that sink in. Now, go back to those three sentences and read them out loud. No, really, read them out loud. I’ll wait.
When the wheels fall off a project, the CEO can’t put them back on. Only a special Project Manager can do that.
There are tools for project management, there are degrees in project management, and there are certifications for project management. But all that is meaningless because project management is alchemy.
Degrees don’t matter. What matters is that you’ve taken over a poorly run project, turned it on its head, and dragged it across the line. What matters is you’ve run a project that was poorly defined, poorly staffed, and poorly funded and brought it home kicking and screaming. What matters is you’ve landed a project successfully when two of three engines were on fire. (Belly landings count.) What matters is that you vehemently dismiss the continuous improvement community on the grounds there can be no best practice for a project that creates something that’s new to the world. What matters is that you can feel the critical path in your chest. What matters is that you’ve sprinted toward the scariest projects and people followed you. And what matters most is they’ll follow you again.
Project Managers have won the hearts and minds of the project team.
The Project manager knows what the team needs and provides it before the team needs it. And when an unplanned need arises, like it always does, the project manager begs, borrows, and steals to secure what the team needs. And when they can’t get what’s needed, they apologize to the team, re-plan the project, reset the completion date, and deliver the bad news to those that don’t want to hear it.
If the General Manager says the project will be done in three months and the Project Manager thinks otherwise, put your money on the Project Manager.
Project Managers aren’t at the top of the org chart, but we punch above our weight. We’ve earned the trust and respect of most everyone. We aren’t liked by everyone, but we’re trusted by all. And we’re not always understood, but everyone knows our intentions are good. And when we ask for help, people drop what they’re doing and pitch in. In fact, they line up to help. They line up because we’ve gone out of our way to help them over the last decade. And they line up to help because we’ve put it on the table.
Whether it’s IoT, Digital Strategy, Industry 4.0, top-line growth, recurring revenue, new business models, or happier customers, it’s all about the projects. None of this is possible without projects. And the keystone of successful projects? You guessed it. Project Managers.
Image credit – Bernard Spragg .NZ
Strategy, Tactics, and Action
When it comes to strategy and tactics, there are a lot of definitions, a lot of disagreement, and a whole lot of confusion. When is it strategy? When is it tactics? Which is more important? How do they inform each other?
Instead of definitions and disagreement, I want to start with agreement. Everyone agrees that both strategy AND tactics are required. If you have one without the other, it’s just not the same. It’s like with shoes and socks: Without shoes, your feet get wet; without socks, you get blisters; and when you have both, things go a lot better. Strategy and tactics work best when they’re done together.
The objective of strategy and tactics is to help everyone take the right action. Done well, everyone from the board room to the trenches knows how to take action. In that way, here are some questions to ask to help decide if your strategy and tactics are actionable.
What will we do? This gets to the heart of it. You’ve got to be able to make a list of things that will get done. Real things. Real actions. Don’t be fooled by babble like “We will provide customer value” and “Will grow the company by X%.” Providing customer value may be a good idea, but it’s not actionable. And growing the company by an arbitrary percentage is aspirational, but not actionable.
Why will we do it? This one helps people know what’s powering the work and helps them judge whether their actions are in line with that forcing function. Here’s a powerful answer: Competitors now have products and services that are better than ours, and we can’t have that. This answer conveys the importance of the work and helps everyone put the right amount of energy into their actions. [Note: this question can be asked before the first one.]
Who will do it? Here’s a rule: if no one is freed up to do the new work, the new work won’t get done. Make a list of the teams that will stop their existing projects before they can take action on the new work. Make a list of the new positions that are in the budget to support the strategy and tactics. Make a list of the new companies you’ll partner with. Make a list of all the incremental funding that has been put in the budget to help all the new people complete all these new actions. If your lists are short or you can make any, you don’t have what it takes to get the work done. You don’t have a strategy and you don’t have tactics. You have an unfunded mandate. Run away.
When will it be done? All actions must have completion dates. The dates will be set without consideration of the work content, so they’ll be wrong. Even still, you should have them. And once you have the dates, double all the task durations and push out the dates in your mind. No need to change the schedule now (you can’t change it anyway) because it will get updated when the work doesn’t get done on time. Now, using your lists of incremental headcount and budget, assign the incremental resources to all the actions with completion dates. Look for actions and budgets as those are objective evidence of the unfunded mandate character of your strategy and tactics. And for actions without completion dates, disregard them because they can never be late.
How will we know it’s done? All actions must call out a definition of success (DOS) that defines when the action has been accomplished. Without a measurable DOS, no one is sure when they’re done so they’ll keep working until you stop them. And you don’t want that. You want them to know when they’re done so they can quickly move on to the next action without oversight. If there’s no time to create a DOS, the action isn’t all that important and neither is the completion date.
When the wheels fall off, and they will, how will we update the strategy and tactics? Strategy and tactics are forward-looking and looking forward is rife with uncertainty. You’ll be wrong. What actions will you take to see if everything is going as planned? What actions will you take when progress doesn’t meet the plan? What actions will you take when you learn your tactics aren’t working and your strategy needs a band-aid? What will you do? Who will do it? When will it be done? And how will you know it’s done?
Image credit: Eric Minbiole