Start with the end in mind — to identify the best people for the required roles in a fair and objective manner. Select those people who embody the required attributes, including the right match of knowledge, experience, competencies, and motivation for key positions.
The most effective formula for developing high-potentials is to create a heightened level of self-awareness, Then, create action plans that result in both personal and professional growth.
Establishing proper governance can minimize problems and conflict. Having a board of advisors, a compensation committee, and a family council leads to both business success and family harmony.
Dealing with a problem individual begins with capturing data on the behaviors in question. Next, the results are shared with the individual and paired with more constructive alternatives. An action plan is identified, and regular feedback is provided regarding progress.
High-performing teams are a critical component of any organization. Increasing team synergy improves decision-making, execution, and outcomes. Surveying the team, followed by a facilitated feedback session, builds accountability, raises candor, and improves collaboration. It also provides a method for measuring team progress over time.
It’s beneficial to have the “kids” learn the business from the ground up. However, family members who work in the organization aren’t necessarily ready to own and lead the business. Determining their readiness involves gauging their ability to process information, make good decisions, and lead others.
Creating a culture that supports innovation and collaboration begins with creating supportive behaviors. Leaders who reward new thinking and shepherd ideas to implementation will foster the same approach in others.
Success in a current position doesn’t necessarily translate into success for an international assignment. People who succeed overseas demonstrate certain skills, attitudes, and personal characteristics. Also, it’s critical to gauge the interest and commitment of the associate’s spouse or life-partner. Psychological Associates assesses and interviews both people involved to provide data that is predictive of success.
By gauging your bench strength, implementing executive development, and measuring executive growth and results, you’ll have the right people in the right roles at the right time, ready to face whatever comes next.
Open and direct communication is foundational to effective team performance. Start by learning about each person’s perceptions of how the team functions now. Provide feedback within a facilitated meeting, then leverage the insight gained by creating a specific outcome oriented action plan to improve trust, collaboration, productivity, and performance.