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Vol. 4 Issue 2 April 23, 2007
 
 
Visions
This Issue: Aiming for Your Company's Success

Summary
Great, after reading my previous newsletter - Visions: An Aerial View of Your Ideal Golf Course - you now have a personal vision. Let's move on to creating a compelling vision for your business. .

Visions: Aiming for Your Company's Success
Why is it important to have a clear picture of where your company is going?

  • It matters to your clients and potential clients: What do your customers need and want?
  • It matters to your employees: What talents do your employees need? How can you help them succeed?
  • It matters to your investors and stakeholders: Where's the competition going and how profitable is this company?
Your Clients

When your company's direction matches your clients' needs and wants, you have a higher probability of providing their ideal product or service. That makes you a niche strategic partner with your customers. You are specifically addressing their needs. Your product must differentiate you from the competition or you will simply be competing on price.

Your Employees

Knowing where you're going tells you what talent you'll need in order to deliver the best possible product or service. Your customers love to deal with high-quality people who are knowledgeable, enthusiastic and supportive of their needs.

So, how do you attract and retain top-quality people? By providing challenging and rewarding positions that allow the employee to make a difference. When a company's vision and internal communication are clear, its corporate values become more transparent. It is easier for prospective employees to align their personal values with those of the company before joining the organization.

Once you attract the right employees, your next step is to motivate and inspire them.

Compensation, security and success are all motivating factors for your employees. Your ability to retain employees based on compensation is a function of the company's profitability. The more well defined your company's direction, the more likely you'll effectively implement well-defined processes - leading to greater profitability. Only the most profitable companies can use compensation to keep their people.

To inspire your people you need to support them so they feel secure and successful. When your employees know where the company is going and what you clearly expect of them, it gives them a greater sense of confidence and well-being.

By articulating your organization's vision and your personal passion for achieving this vision, you will inspire your employees. Employees who are inspired by a vision will pull together with enthusiasm to achieve a common target, providing them with a huge sense of personal success and it gives them something to celebrate.



Swing into Leadership is a fun and engaging program hosted by Catalyst Business Coaching for business people who golf or want to golf.

Work on your business while you work on your game
Learn how the principles for winning in business apply to winning in golf
Play the game of business, golf (and life!) with better results

When: June 1, June 22 and July 20, 2007

Space is limited. Sign up today. For details, click here

Your Bottom Line

A clear corporate vision will also help you determine who you need to be in order to lead your people and support their success. You must be clear about your personal vision and how it relates to the organization. When you have personal clarity, you can speak about the organization with passion. It is your passion that will engage the hearts and minds of your people.

People who are engaged draw on their creativity and collaboratively design and execute highly effective processes. They make customers feel valued and important. Customers who are treated well will buy over and over again, thus contributing to the success and profitability of your company.

As I noted in my last newsletter, "If you can't see it, you can't hit it." That is true not only in golf and for personal visions, but also for corporate visions. To create a highly profitable organization, your well- articulated personal vision must be followed by a well- articulated corporate vision.

This series of articles will show you how to implement a well-defined vision. The first step will be establishing meaningful goals for your organization and processes that will support your people in achieving those goals. Next, you'll learn how teams and individuals can be effective in taking action. Stay tuned to find out how to translate vision into action.

Supporting you to See Success,

Jacque


To learn more about Jacque's coaching programs visit www.catalystcoach.ca or contact Jacque at 604-952-0306.

Catalyst Business Coaching is a corporate development organization. It works with people who want to achieve a greater sense of success for both themselves and others in the organization. It supports people to develop strong interpersonal communication skills and build foundations to develop dynamic teams. Jacque Small, principal and owner of Catalyst, founded the company in 2000.


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