For anyone who has had the excitement of starting a company (or to a lesser extent, an organization) from scratch – you can appreciate it when I say, “That SH… stuff is HARD” (PG-rated blog + my mom reads this). You are always trying to be one step ahead, or at a minimum, keep alignment with the pace of the business. It is akin to running in a dark tunnel towards the bright light ahead of you and hoping that it’s not a train! Joking aside, you were nominated (by self, or otherwise) to do something different and meaningful on the basis that you have the mastery and self-awareness to make this project successful. This theory of mastery can best be explained as Unconscious Competence (UC) where you operate from a position of intuition and skillfully execute tasks you consider to be second nature.
On this journey from ‘Chaos to Connected’ you figure things out, implement processes, and intuitively put people in positions to scale the operation. Because the pace is usually frenetic, the decisions you make are based on trust, common sense, and notably experience. Getting closer to ‘Connected’ requires leaders to evaluate the quality of how they manage their time. I’ll posit that your biggest effect on the sustainability of the business at this point will be how you manage Talent. In the earlier iterations of growth, we find ourselves putting folks in roles 1. For which we haven’t prepared them, or worse 2. We don't invest in them to achieve the technical maturity to perform at a high level in the role. As a result-- we find ourselves blaming it on our friend Laurence J. Peter and his principle.
To minimize this occurrence, the first thing I’ll suggest is that we Slow Down and remember that Objects in Mirror are Closer than they appear. We all have Blind Spots, but they get bigger the faster we go. Managing Talent is a leadership responsibility that can often be defined as either creating multipliers or making mistakes. In either case, the results fall on us.
When Expertise is required – Hire The Expert. It’s incredibly hard to unwind this decision when you don’t, and costly to augment the individual with resources need to provide the compliant level of output you desire. Experts by definition are few in number and harder to find. Compound that with business needs, the pressure to relent and go with ‘Good Enough’ when you cannot find the ideal person will weigh heavily on you to act. Don’t.
Build Your Talent Reserve – Most experienced P&L center Operators know the Finance folks will eventually knock on your proverbial door and politely ask (demand) for more [Cash, EBIT, Revenue, etc.] before the Quarter closes. As such, we prepare for this inevitability by building a Management Reserve.
Leaders should consider putting this behavior in practice for acquiring and managing Talent. Growing Revenue is hard work, but I'd submit that finding Talent is harder. How many times have we come across someone who is just great-- clearly self-motivated, very accomplished, and has displayed learning agility to excel, but... you don't have a role or budget for them in your current business model. You’re left with a decision on which is the better approach to ‘sub-optimization’ e.g. How less worse off can I be? Let that sink in for a second.
Quantifiably invest in ‘Connected’ – Even though the pace was fast, you decided to put those leaders in place. What strengths did you identify and how does that align with the priorities of the business? Is your organization continually aligning strengths with opportunities to improve organizational performance? Define Good – At Platinum, our operational metrics are based on Program Performance, People Operations, and Customer Experience.
I picked this topic because last week our team held our first company-wide Program Management Leader Summit. Many of the folks in that room were already in formal leader roles and are currently performing at high levels. Others were high potentials and will soon assume their own portfolio responsibilities. I was heartened by their enthusiasm and willingness to embrace the challenges that will help us sustain our progress. We doubled down on our commitment to support the discipline, as well as each individual. Going back to my earlier points on leadership placement – I can’t say that we always got #1 right, but I can promise you we won’t let #2 happen. And as we get closer to exiting the tunnel… looks like it just might be sunshine.