StrategyDriven Professional Podcast Episode 4 – Skills Mismatch: Business Acumen and Strategy Execution

StrategyDriven Professional PodcastStrategyDriven Professional Podcasts focus on the tools and techniques business professionals can use to accelerate their careers and personal goals achievement. These podcasts elaborate on the principle, best practice, and warning flag articles found on the StrategyDriven Professional website.

Episode 4 – Skills Mismatch: Business Acumen and Strategy Execution explores the importance of acquiring and maintaining business acumen skills as a key component of strategy execution. During our discussion, Rommin Adl, Executive Vice President and Global Partner at BTS USA, shares with us his insights and illustrative examples regarding:

  • business acumen and its importance to strategy execution
  • marketplace shortage of executives and managers with business acumen skills and the impact on companies with this skills deficiency
  • business acumen skills differences between executives and managers
  • actions that can be taken to close the business acumen skills gaps
  • trend towards and benefits of using business simulations over traditional classroom training

Additional Information

In addition to the invaluable insights Rommin shares in this podcast are the resources accessible from his company’s website, www.BTS.com.


About the Author

Rommin Adl, Executive Vice President and Global Partner at BTS USARommin Adl is Executive Vice President and Global Partner at BTS USA, a leader in the development and delivery of high-impact experiential learning initiatives that drive alignment, mindset, and capability around strategic priorities. For over twenty years, Rommin has advised leaders at companies including Aetna, AT&T, GlaxoSmithKline, Honeywell, Humana, Time Warner, and many others on issues of strategy development and implementation.

Nathan Ives, StrategyDriven Principal is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.

StrategyDriven Enterprises Extends its Energy Advisory Services, Partners with NTE Solutions

StrategyDriven Enterprises, LLC and NTE Solutions partner to provide energy industry executives and managers with asset lifecycle management and regulatory compliance advisory services.
 
 
Power and Utilities ConsultingStrategyDriven Enterprises, LLC and NTE Solutions have announced a partnership that will expand energy services to clients and prospects of both companies. The relationship combines StrategyDriven’s leading experience in asset lifecycle management and regulatory services with NTE Solutions’ capabilities in all aspects of power development, from engineering to commercialization.

“Utility leaders must find cost effective ways to replace aging assets, transfer knowledge to a new generation of workers, release currently unavailable capital, and optimize strategic operations and maintenance programs,” explains Nathan Ives, StrategyDriven’s Chief Executive Officer. “We are excited about the opportunity to combine StrategyDriven’s experience with NTE Solutions’ capabilities. This partnership will create a more complete set of offerings that efficiently serve diversified generation utility executives.”

“StrategyDriven and NTE Solutions share a similar focus,” asserts Seth Shortlidge, NTE Solutions’ Chief Executive Officer. “We both aim to offer a variety of services that meet the growing needs of our clients and prospects.”

The StrategyDriven/ NTE Solutions team provides energy industry leaders with actionable performance improvement and regulatory compliance support in the areas of:

  • Strategic solutions
  • Risk management and compliance
  • Project development and management
  • Asset management and operational programs improvement
  • Performance monitoring and assessment

About StrategyDriven

StrategyDriven provides energy industry executives and managers with the planning and execution advice, tools, and practices needed to improve the safety, reliability, and efficiency of electric power generation and delivery. Our advisors are seasoned power and utilities professionals supported by tools and methods tailored to meet the unique needs of utility operations.

StrategyDriven refers to the family of organizations comprising StrategyDriven Enterprises, LLC. For more information, please visit www.StrategyDriven.com/advisory-services.

About NTE Solutions

Headquartered in St. Augustine, FL, NTE Solutions provides energy and infrastructure services across the United States and internationally. The team has expertise in marketing, development, engineering, legal and regulatory affairs, with executive staff previously holding leadership roles in major energy, legal, and construction/engineering firms. NTE Solutions’ project teams work collaboratively across disciplines to provide high-value solutions to clients in the power, water and oil & gas industries. For more information, visit www.ntesolutions.com.

Use a Multidiscipline Team to Develop the Performance Measurement System

StrategyDriven Organizational Performance Measures Best Practice ArticleOrganizational performance measurement systems are complex structures cascading vertically from the executive suite to the shop floor and stretching horizontally though many different functional workgroups. Consequently, the design of a performance measurement system takes on a high degree of complexity because of the numerous interrelationships between various organizational levels and workgroups and the cross-functional sharing of common metrics. Thus, it is important to employ a multidiscipline team to design the measurement system, one that includes representatives from all levels of the organization as well as each functional area.


Hi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.

Subscribe to the StrategyDriven Insights Library

Sign-up now for your StrategyDriven Insights Library – Total Access subscription for as low as $15 / month (paid annually).

Not sure? Click here to learn more.

Buy the Article

Don’t need a subscription? Buy access to Organizational Performance Measures Best Practice 22 – Use a Multidiscipline Team to Develop the Performance Measurement System for just $2!

Access the Article Now!

 


About the Author

Nathan Ives, StrategyDriven Principal is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.

The Twitter you may not know. But should.

What’s in a tweet? For most people it’s a post and a prayer.

For me, it’s value, information others can use, followers, reputation, image, re-tweets, customers, referrals, sales, and money. Is that enough?

Twitter has the power to generate awareness, create value attraction, keep you or your brand at top-of-mind status, and build relationships. Is that enough to get you to participate?

I want to share some advice about twitter: I am NOT passing myself off as an “expert,” and there is nothing to buy, and no free webinar to attend. These are just my observations and successes based on the past four years of my participation.

Here are my stats as of this writing:

  • My twitter handle is my name: @gitomer
  • Followers – 60,580
  • Following – 17,109
  • Tweets – 3,127
  • Average tweets per day – 4
  • Average links to view a video or an offer – 1 per day
  • Average number of re-tweets/favorites per day – 25-75 per tweet
  • New followers per day – 30-50

Here are 3.5 things I recommend you do in order to really benefit from Twitter:
1. Have an objective and a strategy. Twitter is intended for you to inform with value, influence, brand, and (on occasion) to converse or respond, not chit-chat. The value of your tweets will determine who stays with you and re-tweets you. When I see someone with 14,500 tweets and 285 followers, two words come to mind: NO VALUE. I often use the direct message feature to respond, rather than an open tweet – that’s meaningless to everyone else.
2. Create a list of value-based tweets and subjects you intend to tweet about. Be prepared at least a week in advance. Keep a Twitter file that documents ideas and possible tweets. Itweet quotes from my books, and thoughts that come to me during the day (ornight). You can also re-tweet others if you believe it helps your followers.
NOTE: I try to leave at least 10 characters open, so that others can easily re-tweet me.
NOTE: If you re-tweet me or favor me, I’ll follow you as a courtesy.
3. Approach followers of strategic value. You have an email list. INVITE each person to follow you PERSONALLY. In an email, tell each person about your twitter participation, LIST A FEW OF YOUR TWEETS, and ask them to follow you by clicking a link and the follow button. If you have 1,000 people on your list, and 250 follow you, it’s a GREAT start. Continue to send your tweets out weekly to the rest of the list, and re-ask them to follow you. This will take time, but the earning potential exceeds the stupid TV show you’re watching.
3.5 Be consistent. Tweet every day, at least once a day.

Don’t DM (direct message) me saying “Thanks for the follow.” It’s an annoying waste of my time and yours. Instead, how about sending me the same kind of message I sent you – ONE OF VALUE. A message to make me think, make me smile, or make me money. Insincere politeness and phony thanks makes you sound like a bad flight attendant, reading from a script, into a bad microphone, behind a wall.

Don’t re-tweet the news. You are not the source. Originality counts – especially if it’s valuable or thought provoking to your customers.

Your twitter outreach is not going anywhere if:

  • You talk with other people in superficial chatter more than 10% of your tweets.
  • You re-tweet others more than 50% of the time.
  • You fail to tweet your own thoughts.
  • You have nothing but sales messages with a link to buy something.
  • You’re only trying to get people to ‘go here’ to ‘read this’ and ‘see my blog post’ or ‘watch this video.’
  • Your tweet to follower ratio is out of proportion. You should have a MAXIMUM of one tweet for every 10 followers. 100 tweets = 1,000 followers. The lower the ratio, the better.

Here are the MAJORS:
MAJOR CLUE: Being re-tweeted is the key. My goal is 100 re-tweets a day
MAJOR OPPORTUNITY: Photo and video is becoming commonplace. Do not abuse it. Show value, not your backyard BBQ.
MAJOR FAUX PAS: Your links better work – especially if they’re to your website, your blog, or other social media like LinkedIn.
MAJOR IDIOCY: Please don’t offer advice for sale, or call yourself an expert, if you don’t have AT LEAST 50,000 followers.

I am amazed at how few sales professionals and sales leaders are not taking advantage of Twitter. It’s a resource, it’s a broadcast medium, it’s a vital recognition tool, it’s a reputation builder, and it’s free.

Tweet that. I just did. At 7:30am. In less than two hours I had 9 new followers, and 43 re-tweets or favorites that reached (influenced) MORE than 75,000 people. For free.

How’s your morning going?

What a list of my most powerful tweets? Go to www.gitomer.com, register if you’re a first-time visitor and enter the word TWITTER in the GitBit box.

Reprinted with permission from Jeffrey H. Gitomer and Buy Gitomer.


About the Author

Jeffrey Gitomer is the author of The Sales Bible, Customer Satisfaction is Worthless Customer Loyalty is Priceless, The Little Red Book of Selling, The Little Red Book of Sales Answers, The Little Black Book of Connections, The Little Gold Book of YES! Attitude, The Little Green Book of Getting Your Way, The Little Platinum Book of Cha-Ching, The Little Teal Book of Trust, The Little Book of Leadership, and Social BOOM! His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at [email protected].

StrategyDriven Professional Podcast Episode 3 – Standing Out Among Professional Peers, part 3 of 3

StrategyDriven Professional PodcastStrategyDriven Professional Podcasts focus on the tools and techniques business professionals can use to accelerate their careers and personal goals achievement. These podcasts elaborate on the principle, best practice, and warning flag articles found on the StrategyDriven Professional website.

Episode 3 – Standing Out Among Professional Peers, part 3 of 3 focuses on the need to stand out among professional peers and challengers both within your organization and when applying for external positions. During our discussion, Wendy Powell, author of Management Experience Acquired: Necessary Skills for Successfully Managing Any Employee, shares with us her insights and illustrative examples regarding:

  • last six of twelve steps to standing out among professional peers
  • why professionals should document their experiences
  • basic principles for maintaining one’s Facebook page
  • benefits of contacting the hiring manager when applying for an external position and how to do so

Management Experience Acquired by Wendy PowellAdditional Information

In addition to the incredible insights Wendy shares in Management Experience Acquired and this podcast are the resources accessible from her website, www.ManagementExperienceAcquired.com.   Wendy’s book, Management Experience Acquired, can be purchased by clicking here.


About the Author

Wendy PowellWendy Powell is the author of Management Experience Acquired. With more than twenty-five years of human resource and management consulting experience, Wendy has spent most of her career at the University of Michigan. She is currently on the business faculty at both Palm Beach State College and the University of Phoenix. A member of the Society of Human Resource Management, she received a leadership award in 2002 from the Midwest College and University Professional Association for Human Resources. She is routinely featured on The Huffington Post and has appeared on Fox Business’s The Strategy Room. Wendy holds a Bachelor of Science degree in business management and a Master of Arts degree in organizational management.

Nathan Ives, StrategyDriven Principal is a StrategyDriven Principal, and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.