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Five Key Ways Leaders Can Drive Brand Value

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Five Key Ways Leaders Can Drive Brand Value

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This post is from a Forbes article written by Maureen Metcalf in collaboration with Brad Circone. It is the companion to a Voice America interview with Brad, From Banding to Branding: How the Wisdom of Rock n Roll taught The Artful Discipline of Leadership on  the Voice America Radio Show, “Innovative Leaders Driving Thriving Organizations” on December 5, 2017.

Given the pace of change across industries, and specifically, the pace of change leaders are required to personally keep, do you refresh your brand as your ecosystem changes? And do you, as a leader, live that brand?

A brand can be one of the biggest differentiators for an organization, whether positive or negative. It impacts what feelings are evoked when people interact with a product. Some of the most successful brands, like Google and Apple, invest a great deal in defining and living out their brand.

Brand equity often drives revenue, customer retention and price. Everyone in the company should live the brand. As leaders, we are key brand stewards — it is critical for us to have a clear picture of what the brand is, how it behaves and to humbly respect it enough to follow it. Your brand runs your company too.

1. Identify your organization’s mission, vision and guiding principles.

As leaders, we use these as the basis for all decisions. Here’s the guiding principle of a public radio station in Columbus, Ohio, of which I’m a board member: “This station will be the home of creativity and innovation in all forms of audio content — journalism, music, fiction, culture, and art — regardless of platform. We’ll accomplish this by helping every colleague explore and achieve his or her full potential, all in the service of bolstering our community and improving humanity.”

This purpose is grounded in action by leaders who use a set of behavioral guidelines and agreements that support making this possible. One key area of focus is seeing the best in everyone on the team and promoting experimentation.

2. Position the brand.

Determine how to position the company and the subsequent brand offering to evoke the feelings you want people to experience when they interact with you.

In the case of the public radio station above, its leaders selected the brand based on both internal capabilities and the gap they saw in the market. The station regularly hears from listeners who say they support the news hour and that the local content keeps them informed and connected. They also hear from local musicians who say the airtime they got launched their successful careers when others would not give them a chance. They are experimenting with several elements of funding and content to remain valuable.

When talking about the feelings they want their listeners to experience, leaders’ goals include: a feeling of connectedness at home and in the community, feeling intellectually challenged and informed and a feeling that they, too, can experiment to accomplish greater results in their lives. They want to inspire the community to grow and evolve.

3. Personalize the brand’s attributes.

If your brand was a person, who would that person be and what would they do? Leaders must take the perspective of their brand avatar when making key decisions.

As the founder of a coaching firm, our avatar is now evolving to reflect the leadership team, and more importantly, the brand our clients want that will inform our actions and preserve our promises. As change accelerates, leaders are feeling increasingly overwhelmed.

Having an external thought partner and advisor who works confidentially and addresses their biggest challenges gives a sense of support and confidence. We call this avatar “The Brand of Yoda.” Yoda prepared Luke to fight the Dark Side. He was eminently wise, able to teach complex skills and thinking, and he was supportive and tough. Luke not only had different skills, he was significantly more effective because he saw himself and the world differently. 

4. Amplify leadership behaviors and internalize the brand message.

To ensure leaders consistently live the brand, it is critical that they understand and amplify the behaviors they expect from not only themselves but everyone in the organization. Once brand attributes are clear, it is important to identify how one lives the brand.

Our company is committed to transforming leaders, therefore, each member lives the brand as Yoda, supporting client transformation. This behavior requires foundational agreements about how our team members and our strategic partners operate to ensure we reinforce the agreed-upon brand platform.

5. Activate external messaging.

Once leaders know how to live the behaviors called forth by the brand, it is important to clarify external messaging and activate it. This is where knowing becomes doing.

How do you convey your differentiation, the value you add, and create the feeling you want to evoke? It is important that all brand image elements and content are immutably aligned, from written to visual to behavioral. This messaging is informed by each prior step.

We, for example, are currently updating our own materials to convey our balance between leading, thinking and research, and the personal connections we create with our clients to help them make the changes they seek. This must be activated through our brand at every touch, relentlessly.

As a leader, if you are trying to amplify the value of your company by leveraging the brand, it is critical that you live it and lead others to do the same. Irrespective of an employee’s role within the company, they represent the brand. When one associates them with their role within the company, they are representing the brand and therefore help control and determine its ability to be loved or be left quietly alone.

Are your leadership behaviors increasing brand equity and building on the feeling you want your customers to have when they interact with your organization?

As a reader of this blog and listener to the interviews, please consider enrolling in one of the innovative leadership online leader development program. For additional tools, we recommend taking leadership assessments, using the Innovative Leadership Fieldbook and Innovative Leaders Guide to Transforming Organizations, and adding coaching through our online innovative leadership program. We also offer several workshops to help you build these skills.

How to Create a Culture of Innovation and Learning

Posted by Editor on
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Business
How to Create a Culture of Innovation and Learning

How to Create a Culture of Innovation and Learning

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This post is from a Forbes article I wrote in 2017. It is the companion to a Voice America interview with Guru Vasudeva, CIO Nationwide Insurance on VoiceAmerica “Innovative Leaders Driving Thriving Organizations” on April 18, 2017 Nationwide’s Journey to Build a Culture of Innovation and Continuous Learning.

When it comes to innovation, companies need to deliver results much more quickly than they did just a few years ago in order to keep pace with the range of pressures they face from competition as well as customer expectations. In addition to the range of product change and customer expectations, companies are looking at a baby boomer retirement rate of 10,000 per day, which is only accelerating technological change and a volatile geopolitical environment.

With this as the backdrop, leaders must create organizational environments that weave innovation and change into their fabric.

There are several different terms we hear when we talk about companies that do this well: agile businesses, “learning” organizations, and innovative cultures are just a few. These environments adhere to five key cultural and structural strategies.

1. Delight Customers

Organizations should seek out customer recommendations and develop a process to evaluate and prioritize ones that have the highest probability of meeting customer objectives and staying ahead of the competition.

This recommendation is drawn from my early work with Malcolm Baldrige Quality Assessments. Though this has been an enduring practice for years, how companies implement it has changed. How are you seeking ongoing feedback on priorities and customer satisfaction first and foremost? Are you creating a relationship with customers that could be most accurately described as a partnership? Have an open exchange with clients on a regular basis. In addition, solicit formal feedback on a periodic basis.

2. Actively Collaborate

Organizations must shift from step-by-step processing to working cross-functionally. All involved departments should remain informed and work simultaneously as a normal course of business. Collaborative organizations create higher-quality prototypes — and they do it more quickly.

In addition to a collaborative structure, it’s important to create an environment where every team member feels safe and encouraged to contribute. They should also feel that they are expected to contribute their best work at all times. This collaboration contrasts with organizations where “special people” contribute more often than others.

My client structures projects to ensure all team members or subject matter experts are included. The teams also conduct vibrancy assessments to ensure they are continually creating an environment where everyone feels included and supported. What are you doing to measure your culture and agreements to ensure all members participate and feel safe to share their insights?

3. Rigorously Experiment

Teams must study problems and put forward well-developed solutions. However, these shouldn’t come in the form of long studies, as many of these can take a year or longer.

By shifting to a focus on the scientific method, teams learn to formulate a hypothesis, test that hypothesis, and learn and refine solutions rapidly.

Note the word “rigorous.” I realize that the idea of experimentation is very countercultural, and if done poorly, can be costly. When teams develop skills in rigorous experimentation, they shift how they look at experiments. One example is a group that structured the work using rapid prototyping. They provided mentors and coaches to ensure people had the support they required while learning the new process.

This mentoring ensures team members contribute quickly and develop both skills and comfort with new behaviors quickly. Do you have challenges and opportunities that could be solved more quickly by taking a more scientific approach, perhaps by shortening the analysis and beginning experimentation?

4. Accelerate Decisions And Learning

In this environment, nimble decision-making is a companion to rigorous experimentation. Team members must make the best decisions possible as quickly as required. These decisions must be open to re-examination as new information surfaces.

This means that decisions should be refined on an ongoing basis. The need to be “right” must be set aside in favor of continual learning. What was once called “flip flopping” will now be called “learning.”

An example of nimble decision-making is an organization that offers training to help participants combine data-based decision-making with intuitive decision making to leverage the power of both. They make decisions at the appropriate point to support the process of experimentation. When experiments are run, participants learn, and prior decisions will be revisited when appropriate and updated. 

5. Build Adaptability And Resilience

Leaders and their employees must value adaptability, flexibility, and curiosity. All of these skills and aptitudes support an individual’s ability to navigate rapid change. Employees must remain flexible and focused in the face of ongoing change. They need the capacity to feel comfortable and supported by their colleagues so that they can adapt to planned and unplanned change with creativity and focus.

It is not enough to tell people to be more resilient, then expect them to answer emails for 20 hours a week. I once worked with an organization that conducted training on individual resilience, then had work groups conduct multiple discussions about what they needed to do to support individual resilience.

Does your organization make explicit agreements about topics like expected response time for email, including during non-work hours? Agreements are a great way to examine organizational factors driving and inhibiting resilience.

Evolving your organization to become more innovative and change-friendly requires a structured effort to update your culture and the systems and agreements that support its functions. By clarifying how your organization promotes these five elements, you will make great progress in becoming an innovative organization.

To become a more innovative leader, please consider our online leader development program. For additional tools, we recommend taking leadership assessments, using the Innovative Leadership Fieldbook and Innovative Leaders Guide to Transforming Organizations, and adding coaching to our online innovative leadership program. We also offer several workshops to help you build these skills.

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