DERGEL Executive Search

Building Leadership Teams Together

Building Strategic Partnerships: The Lesser-Known Benefits

by Leave a Comment

Value realization awaits, and the opportunities may be hidden in our partnerships.

83078735 © creativecommonsstockphotos

The full potential of a relationship may extend beyond the initial intentions of forming. Here are ways to synergize additional win-wins in partnerships:

Talent Attraction and Retention

Connecting with the right companies can enhance an organization’s employer brand, making it an attractive destination for top-tier talent. Strong partnerships with reputable organizations can signal to prospective employees that the company is well-connected and committed to creating an enriching work environment. Moreover, collaboration often leads to skill-sharing programs, which empower existing employees to learn and grow, increasing overall job satisfaction and retention rates.

Long-Term Stability and Succession Planning

Feeling empowered about your future leadership is essential. Your strategic partner may already have a relationship with a talent search and acquisition company. A candidate, fitting of your organization’s long-term needs, may be introduced to you via your partner. Additionally, leaders can explore joint ventures or shared ownership arrangements with complementary businesses that provide a sustainable path forward. These approaches can help preserve the organization’s legacy and create a smoother transition plan for the future.

Competitive Edge in Bidding and Procurement

Many industries, particularly in the government or large enterprise sectors, require businesses to have a strong track record and the capacity to fulfill substantial projects. Partnering with other reputable companies can strengthen the bid, showcasing a collective ability to deliver comprehensive solutions and win larger contracts.

Access to Government Incentives and Grants

Collaborations with public sector organizations or research institutions can open doors to government incentives, grants, and funding opportunities. Leaders exploring partnerships in research and development, sustainability, or social projects may find support from government programs aimed at fostering innovation and societal betterment. Such incentives can significantly boost an organization’s financial resources for critical projects.

Improved Regulatory Compliance

In heavily regulated industries, strategic partnerships can aid in achieving and maintaining compliance with complex laws and regulations. By teaming up with partners well-versed in compliance matters, leaders can ensure that their organization stays abreast of the latest requirements and standards. This reduces the risk of non-compliance penalties and reputational damage. This teamwork allows the organization to focus on their core competencies and mission, creating more successes for the partnership.

Leveraging Shared Research and Development (R&D) Initiatives

Strategic partnerships can lead to shared R&D initiatives, allowing organizations to pool resources, knowledge, and expertise. By collaborating on research projects, leaders can accelerate product development timelines, reduce costs, and increase the likelihood of breakthrough innovations.

Having transparent communication, flexibility in strategy, and measuring success through key performance indicators (KPIs) will help the partnership keep strong roots and productivity. There are often incentives to deepen and develop relationships beyond what could have been initially known. Expanding the opportunities for collaboration will enrich a strategic long-term vision and naturally encourage a dynamic joint work ethic.

Do you have comments, questions, ideas, or suggestions? Share with us at: [email protected]

Make Space For Your Team To Outperform Your Expectations

by Leave a Comment

There is a management approach which helps normalize the pursuit of lateral thinking and creative solutions. This strategy also aims to open new doors and opportunities along the way. 

photo credit: 143461650 © Artjuli933

Employee-led projects and initiatives can help develop the creative pulse of an organization, clarify a team’s core functionalities & strengths, and bring about some unexpected success. Let us explore some examples:

1] Google’s “20% Time”

One notable case study is Google’s implementation of the “20% Time” policy. This initiative allows employees to devote 20% of their workweek to personal projects. The results have been remarkable, with products such as Gmail, Google News, and AdSense originating from employee-led projects. By providing dedicated time for self-directed work, Google nurtures a culture of innovation and gives employees the freedom to explore new ideas beyond their routine tasks.

2] Atlassian’s “ShipIt Days”

Atlassian, a leading software company, conducts regular “ShipIt Days” where employees have 24 hours to work on projects of their choice. This initiative encourages cross-functional collaboration and empowers individuals to bring their ideas to life. By fostering a culture of experimentation and creativity, Atlassian has seen numerous successful projects emerge from these dedicated sessions.

3] 3M’s “15% Rule”

3M’s renowned “15% Rule” allows employees to spend up to 15% of their working time on projects unrelated to their primary responsibilities. This freedom has led to breakthrough innovations, such as the creation of the iconic Post-it Note. By granting employees the autonomy to pursue their passions, 3M has created a culture where individuals feel empowered to think outside the box and contribute to the company’s success.

4] LinkedIn’s “InCubator” Program

LinkedIn’s “InCubator” program is designed to harness the creativity and entrepreneurial spirit of its employees. Through this initiative, individuals can pitch their project ideas and, if selected, receive dedicated time and resources to bring them to fruition. This program fosters intrapreneurship, strengthens employee engagement, and results in innovative solutions that contribute to LinkedIn’s continuous growth.

5] Valve Corporation’s Flat Hierarchy

Valve Corporation operates on a unique flat hierarchy system, allowing employees to choose their projects and work with others in a self-organizing manner. By eliminating traditional management structures and granting autonomy, Valve nurtures a culture where employees take ownership of their work. This approach has propelled the company’s success in the competitive video game industry.

Even before considering these approaches, there are plenty of takeaways to be absorbed. When noticing an individual’s skill set that seems unrelated to their job title, a forward-thinking manager might consider, “How could this be useful beyond its present application?”

When considering what trajectories to position towards, it could be helpful for the organization to conduct an interview of the employee base. This will help expose the organizational leadership to the employees’ view of the company’s core competencies and strengths.

As you might imagine, there are some downsides when considering such bold directions. It may break the norm & will probably decrease the measurable employee output in the immediate present. That, however, is only part of the picture, which doesn’t include the increase in employee satisfaction & groundbreaking idea potential. Each organization gets to consider whether the time, energy, and financial investment is fitting for their situation. Realistically, not every company has the proper teams and resources in place if major ideas and opportunities came knocking on the door. Those who do see the value in this venture, may join in producing the next generation of fulfilled & loyal teams as well as unheard of ideas.

Do you have comments, questions, ideas, or suggestions from how your organization has effectively made space for your team to outperform expectations? Share with us at: [email protected]

Speaking Their Language: Allow Your Message to be Naturally Understood

by Leave a Comment

Whether it’s pitching to a target market or guiding a fellow team member, when you’re speaking the same language, your value will be apparent.

Effective communication is paramount to success. Speaking the language of the intended audience helps realize value. Let us explore some practical directives to allow our message to be more effortlessly comprehended.

Understand Your Audience

To truly connect with your audience, it is crucial to understand their language. This goes beyond linguistic barriers; it involves comprehending their needs, preferences, values, expectations, and unique perspectives.

Take time to listen actively and engage in meaningful conversations. Incorporate language that they relate to into your message; pay attention to the vocabulary, tone, and style of communication commonly used by your audience. Avoid jargon or technical terms that may alienate or confuse them. Instead use terminology, examples, and references that are familiar and relatable to your audience, demonstrating that you understand their field and respect their expertise. By understanding your audience, you can tailor your message to resonate on a deeper level.

Adapt Your Approach

When communicating digitally, customize your language and style to fit the norms and expectations of the platform you’re using, (in a similar way that you would adjust in a face-to-face conversation). Additionally, even though you may achieve the right language and establish strong connection with your target audience on one platform, does not necessarily mean it will translate with the same effectiveness on other platforms. Each medium is likened to its own welcoming lobby, with different features, functions, and activities setting the tone of the room.

Address Their Pain Points

Identify the challenges, problems, or goals your audience faces. Craft your message to emphasize how your product, service, or idea can solve their problems or help them achieve their goals. Highlight the benefits that matter most to them.

Tell Stories and Use Examples

Use relatable scenarios to explain complex concepts and make your message more accessible. Share relevant anecdotes or case studies when appropriate. People connect with stories and real-life examples in a fundamentally different way.

Use Visual Aids

When done thoughtfully, a picture, infographic, or video can convey a vast amount of relevant information in a digestible, appealing and efficient manner.

Test and Iterate

Monitor the response to your communication efforts. Pay attention to the feedback & engagement. Refine your message based on the results and adapt to better fit your audience.

Be Authentic

Authenticity builds trust and makes your message more relatable. Whenever possible and appropriate, address individuals by name and acknowledge their specific contributions or achievements. This personal touch helps strengthen and open the communication channels. Additionally, find values and beliefs that resonate with both you and your audience. Then, reflect them through your message to create a sense of alignment and shared purpose.

If your audience senses that you are investing in understanding them, they will want to invest and understand you. Allow your language and delivery to meet their needs, and they will be more naturally open to taking action on your message.

Do you have any comments, questions, ideas, or suggestions? Share with us at: [email protected]

The Visionary Advantage: How Envisioning Fuels Success

by Leave a Comment

Imagine a future where your goals are not just within reach, but already within your grasp.

photo credit: https://bit.ly/VisionaryLake © Artjuli933

In the dynamic environment of today, utilizing intentional visualization to aid in creating your successful reality is paramount. Let us delve into the importance of the practice & how it provides actionable strategies.

What Does Envisioning Actually Do?

This process activates, strengthens and refines neural pathways associated with the envisioned scenario. This means, that mentally rehearsing specific actions or scenarios helps those neural pathways become more efficient and effective over time, which can translate into improved performance when engaging in those activities.

Envisioning is more than mere daydreaming or wishful thinking; it is a deliberate and strategic process of creating a mental picture of your desired reality. Successful team leaders understand that before any tangible achievements come to fruition, they must first visualize and internalize their goals.

Getting Started

  1. Define Your Vision: Start by articulating a clear and compelling vision for yourself and your organization. Be specific about what you want to achieve and the impact you aspire to make. By creating a vivid mental picture, you prime your mind for success.
  2. Set SMART Goals: Once you have your vision, break it down into achievable goals using the SMART framework – Specific, Measurable, Attainable, Relevant, and Time-bound. This ensures clarity and provides a roadmap to track progress.
  3. Visualization and Affirmation: Regularly engage in visualization exercises where you vividly imagine yourself achieving your goals. Pair this with reinforcing your belief in your abilities and the potential for success. It may help to notice what environments and activities aid in clearing and readying your mind, as an artist would prepare a clean canvas to begin painting.
  4. Surround Yourself with a Supportive Network: Seek out mentors, coaches, or peers who share your vision and can provide guidance and support along your journey. Their insights and experience can help you navigate challenges and refine your vision.
  5. Stay Agile: Envisioning does not mean rigidly adhering to a predetermined plan. Leaders must remain agile and open to adjusting their course as circumstances evolve. Adaptability is a key component to own.

Examples of Well-Respected Individuals who Utilize Visualization

Many role models have openly embraced the practice of visualization, and their experiences serve as powerful testimonials to its effectiveness:

  1. Athletes: Michael Phelps, the Olympian with the highest medal count, famously used visualization techniques to mentally rehearse his races and visualize himself winning. Similarly, basketball legend LeBron James has spoken about visualizing game scenarios and making split-second decisions on the court.
  2. Business Leaders: Oprah Winfrey, media mogul and philanthropist, is known to have practiced visualization techniques to manifest her career goals and personal aspirations. Richard Branson, founder of the Virgin Group, has spoken about using visualization as a tool for strategic planning and creating a vision for his businesses.
  3. Artists and Performers: Jim Carrey, the acclaimed actor and comedian, famously wrote himself a check for $10 million for “acting services rendered” and visualized his success long before achieving it. Renowned musician and composer, Mozart, was known to mentally compose his complex musical pieces before putting pen to paper.

Addressing Skepticism and Misconceptions

Individuals may view these practices as odd, magical thinking, or off-limits. Therefore, it is essential to address these concerns and misconceptions head-on:

  1. Scientific Basis: Visualization is not a mystical or supernatural concept and is supported by extensive research. Studies have shown that visualizing specific actions or outcomes activates the same neural pathways as physically performing those actions. This mental rehearsal enhances cognitive processes, boosts motivation, and improves performance.
  2. Practical and Accessible: Visualization is a practical tool that anyone can use to enhance their focus, clarity, and goal attainment. It does not require any special skills or resources. It is simply a mental exercise that harnesses the power of imagination and intention.
  3. Complementary to Action: Visualization is not a substitute for hard work, effort, or action. It is a complementary tool that aligns the mind with desired outcomes, increases confidence, and improves decision-making. Combining visualization with strategic action helps maximize potential for success.

Moving Past Challenges

In addition to preparing for your successful endeavors, consider investing time and effort into proactively addressing potential obstacles and issues before they arise. This may help you tackle them with a more centered composure, calm speech, and possibly even with a solution framework.

Envisioning creates a clear pathway to success. By defining your objectives, mapping out strategies, and visualizing the end result, you create a blueprint for action. When you have clarity and confidence in your craft, it is naturally shared with your team, and propels the whole unit forward.

Do you have any comments, questions, ideas, or suggestions? Share with us at: [email protected]

Unleashing Hidden Potential: Identifying Employees with Underutilized Skill Sets

by Leave a Comment

Realizing the full potential of your workforce is an effective way of maximizing your already available resources.

photo credit: 113362057 © Muhmed

As team leaders, one of your critical responsibilities is to identify employees who possess hidden or unrealized skill sets. By recognizing and leveraging these untapped talents, you can unlock new opportunities for innovation, drive productivity, and foster a culture of growth. Here are some effective strategies to identify and harness the hidden potential within your workforce:

First: Recognize the Value of Underutilized Skill Sets

This refers to the talents and capabilities that employees possess but are not expressed or utilized in their current roles. Often, these skills go unnoticed or unacknowledged, resulting in missed potential and opportunities for both individuals and the organization. As team leaders, it is essential to recognize the value that lies within these untapped talents and the impact they can have on business growth.

Encouraging Open Dialogue and Employee Feedback

Creating an environment that encourages open dialogue and employee feedback is crucial for identifying previously unknown skill sets. Regularly engage in conversations with your team members to understand their career aspirations, interests, and skills beyond their current roles. Encourage them to share their ideas, talents, and areas where they feel they could contribute more effectively. Actively listen to their perspectives and take their input into consideration when making talent management decisions.

Conducting Skills Assessments and Talent Audits

Conducting skills assessments and talent audits can provide valuable insights into the underutilized skill sets within your organization. Implement a structured assessment process to identify the diverse skills, experiences, and expertise your employees possess. This can be done through self-assessments, performance reviews, or utilizing external tools and assessments. A comprehensive talent audit helps identify hidden talents, strengths, and areas for development, enabling you to align individuals with roles that leverage their full potential.

Encouraging Cross-Functional Collaboration and Job Rotation

Cross-functional collaboration and job rotation initiatives offer opportunities for employees to showcase the diversity of their skill sets. Encourage collaboration across departments or teams to foster knowledge sharing and the exploration of new perspectives. Implement job rotation programs that allow employees to gain exposure to different roles and responsibilities. Additionally, this will lengthen the list of substitute workers available in other departments, should somebody be sick or leave the company. These methods not only help identify hidden talents but also enhances employee engagement, promotes development of a diverse skill set, and nurtures a culture of continuous learning.

Providing Opportunities for Upskilling and Reskilling

Smart investing in your work force is a great way to upgrade the overall potential of it; upskilling and reskilling programs can be easily accessible and a great win. Start by identifying skills gaps and providing targeted training programs to enhance the employees’ capabilities. Offer professional development opportunities, workshops, mentoring, or access to online learning platforms to empower employees to expand their skill sets and take on new challenges. By investing in their growth, you enable employees to invest their potential back into the team.

Empowering Employee-Led Projects and Initiatives

Create a culture that encourages employees to take the initiative and lead projects aligned with their skill sets. Provide a platform for employees to propose and execute innovative ideas that leverage their unique talents. Encourage and support employee-led initiatives, fostering an entrepreneurial spirit and promoting a sense of ownership. These projects can result in new business opportunities, process improvements, and the discovery of previously unknown talents within your workforce.

Google famously implemented a policy called “20% time” where employees are encouraged to spend 20% of their workweek on projects that are not necessarily related to their primary job responsibilities. This initiative has led to the development of successful products like Gmail, Google News, and AdSense, all of which originated from employee-led projects.

3M is known for its innovative culture, partly due to its long-standing “15% Rule.” The company allows employees to spend up to 15% of their time working on projects that are not directly related to their job roles. This policy has resulted in numerous breakthrough innovations, including the creation of the Post-it Note.

Recognizing and Rewarding Achievements

Acknowledging and rewarding employees who demonstrate their skill sets is crucial for fostering a culture that values their potential; when the employees themselves feel valued, they will find personal incentive to buy-in and grow with the team. Implement recognition programs that celebrate individuals who go outside of their assigned roles, showcasing their unique skills and contributions. Recognize achievements through promotions, bonuses, public acknowledgments, or career advancement opportunities. These shows of appreciation reinforce the importance of leveraging diverse talents and encourages other employees to showcase their hidden potential.

Identifying employees who have less obvious strengths is a strategic imperative for team leaders. By fostering these and other techniques you can unlock the hidden potential within your workforce. Embrace the power of untapped talents, and your organization will reap the benefits of innovation, increased productivity, and a thriving culture of growth.

Do you have any comments, questions, ideas, or suggestions of how to effectively find and foster hidden talent? Share with us at: [email protected]

Contact us and let’s get started!