Change Management | Teik Oh

What would I do to your business if I took over?

Mar 16 2015

In response to an article I published earlier, I received an interesting query. Jim, who is the owner-manager of a wholefoods distribution business based in Denver, Colorado, and who employs 20 people across two states, asks what changes I might make to his business if I took it over, sight unseen.

Before I thought “sight unseen” was a bit unfair, Jim explained that he felt his business performance was starting to plateau and wondered if there were any common changes he could put into place in order to shake it up.

This question raised issues about business growth as well as about efficiency, so it made me think of the key aspects of a business that any business should think about changing today. So, sight unseen, here is what I might do.

First, I would spend some time every day seeing customers, suppliers, staff and other key stakeholders, either one on one or in groups, or at least talk to them on the telephone. I believe business today needs to maintain good relationships with key stakeholders, especially customers, staff and suppliers. If you do business with friends, it is hard for friends to stop doing business with you. As well, you can get great feedback to your face – that’s always a catalyst for change especially if the feedback is (constructive) criticism! The topics for discussion would be how we are doing business together, could I help them more, and how we might be supportive of each other if times got bad. Added to that would be more personal topics if you feel this is appropriate, such as how their businesses were syncing with their personal goals. This type of personal information can help you both in designing different business models.

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Cultivate surprise in your business!

Mar 13 2015

In business it is critical that you formulate and write down your plans. The old adage “businesses do not plan to fail, they fail to plan” is so true! Throughout the world the statistics is quite consistent – between 70% and 80% of startup businesses fail within the first three years, and when asked, most of these business owners say that they operated without a plan.

And yet, in my three decades of helping clients start and grow businesses, I can tell you, hand on heart, that your business plan is out of date as soon as it is written!

What? So why the heck am I spending this much time (and probably money) planning and documenting my plan?

Because you need to have an idea of what you are up against, what opportunities you can take advantage of, and how you will go about it. With a plan, as some of your assumptions change or circumstances change them, you will know the strategic direction you are heading, the steps you intended to take and how you can adjust them to suit the changed circumstances. Without a plan all you can do is react, follow events, rather than create them.

So how do you deal with changing circumstances? In this video I talk about expecting surprises to pop up. Cultivate the ability to look for surprises and the flexibility to take them on board as opportunities! Read More

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How to create targeted Performance Measures in your business

Mar 06 2015

Have you ever felt that you need to check performance in your business against some yardstick?

It might be that you want to set some Key Performance Indicators for your staff, or you want to see how one branch is performing against another, or perhaps you just want to see how your business as a whole is performing against the bigger picture?

In trying to create Performance Measures for these reasons have you created a set of measures that you haven’t been too happy about? Perhaps you haven’t been sure that in achieving those Performance Measures you actually achieve an outcome!

Performance Measures are essential in your business. They are objective and quantitative, they should reflect your Vision and Mission so that they measure progress against “getting there”, and they create targets for people to work towards. However appropriate Performance Measures are crucial – don’t expect a Vision target of an empowered workforce if your Performance Measures are about ticking off procedures checklists!

This video explains how to create targeted Performance Measures that cascade from your Vision so that everything is measured against the desired outcomes, not just against outputs.

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7 Steps to develop a high-performing Team in your Business

Feb 27 2015

Teamwork is essential in any business, no matter how big or small.

Even if your team were only two people, teamwork is important in co-ordinating your roles, ensuring you support each other in multi-disciplinary skills, and operating at an optimal level.

Teamwork is not just about being friendly with your co-workers, it is a very disciplined approach to working effectively together. Businesses need to develop real teamwork in a disciplined and structured way.

From my experience businesses, and especially small businesses, can best work on their staff to create a high-performance team by following the 7 steps of the “PERFORM” model. It is a simple set of steps where you work in a disciplined way on each of the characteristics of a high-performing team, layering one characteristic on another and building up optimum performance.

Watch this video and you will learn about the 7 Steps to Develop Teamwork in your Business and how to implement these 7 steps, no matter what size business you have.

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How To Build Innovation Into Your Business

Feb 23 2015

I have facilitated many strategic and business plans, and read many more, where either embedded in vision and mission statements or spelt out in goals and objectives, is the desire to “be an innovative company”.

Why? What does this mean? Why is innovation important to your business?

To many businesses, when they say they are “innovative” it just means they are flexible and helpful in their service. You want a cashflow projection when you get your tax done? Sure we can do that. So you want a flexible payment plan after we provide you with our legal services? No problem we can tailor one for you. You want a house built off plan but you need a wall repositioned? No problem.

Well, that’s not innovation, that’s just giving good service!

However to some businesses, innovation is critical to the business’ development and growth – innovation that keeps it one step ahead of the competition; innovation that creates a point of difference; innovation that ensures the business and its staff keep developing and growing. In such businesses you need to build innovation into your business model.

To start with it is important to be clear why innovation is necessary in your business and what you mean by innovation. Your staff need to be clear whether they are required to come up with the cure for cancer or whether it is about small but significant change, say to customer service systems. It is also important to realise that innovation means change, particularly if innovation is to be a constant. Are your staff and systems ready to cope with that? Stress is not conducive to innovation so a madly busy office will not be a hot bed for innovation.

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Category - Change Management

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What would I do to your business if I took over?

Cultivate surprise in your business!

How to create targeted Performance Measures in your business

7 Steps to develop a high-performing Team in your Business

How To Build Innovation Into Your Business