This post is one in a series designed to help SME businesses benchmark their business and create a best practice business improvement plan across all of their business processes. You can find the links to the full series here.
Why are regular planning and review sessions critical to the success of a fast growing business?
At the heart of every successful, fast growing business is a powerful and effective internal communication strategy to solve problems quickly, ensure alignment with strategic direction and build team performance.
Verne Harnish in Mastering the Rockefeller Habits stresses the importance of tightly run daily, weekly, monthly, quarterly and annual huddles and meetings, all of which happen as scheduled, without fail, and with specific agendas.
How does your business measure up?
Rather than providing a checklist for this benchmark… I’m just going to suggest you answer two questions
- Do you and your people have sufficient feedback on a daily, weekly and monthly basis on:
- What team members are currrently working on
- How team members and the company as a whole are performing in relation to business objectives
- What issues and challenges team members are facing
- What risks and opportunities are opening up and how these can be addressed
- Do you have an effective way to share this information across all your people on a daily, weekly and monthly basis to maintain alignment and drive accountability?
Suggested reading Scaling Up: Mastering the Rockefeller Habits 2.0