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Navigate the Swirl

7 Crucial Conversations for Business Transformation
Wileyerschienen am01.07.2022
An actionable blueprint for transformational business journeys

Leading transformation in teams, businesses, and organizations is complex, and leaders are expected to know how to do it. This book provides the clear thinking required to navigate this challenge.

In Navigate the Swirl: 7 Crucial Conversations for Business Transformation renowned growth and strategy leader Richard Hawkes delivers a simple and powerful framework that any team can apply to overcome the most common leadership challenges to growing and scaling companies, known as 'The Swirl.' In this straightforward book, he draws on decades of experience guiding teams to implement strategic change at companies like Edward Jones, GENEWIZ, Hitachi, Pfizer, Johnson & Johnson, Mars, and Chicos. In this book you will learn:
To understand and lead disruptive change in a complex social system - your company
Ways to visualize and diagnose the essential working parts of a company
How to apply an integrated toolset for teams to lead organizational change and business transformation
How to create transformational journey maps that leaders, teams, businesses, and companies must apply to unleash growth potential and agility
How networks of teams should work together to develop each other's leadership and to manage and accelerate change

Written as a practical guide for business and team leaders, Navigate the Swirl: 7 Crucial Conversations for Business Transformation belongs on the desks and in the hands of every purpose driven leader.



Richard S. Hawkes is the Founder of Growth River, an international consultancy that guides leaders and teams to create higher performance in businesses and organizations. Its practical mission is to make high-­performing ways of working easier. He works with companies to identify and resolve constraints to success, including Edward Jones, Genewiz, Hitachi, Pfizer, Johnson & Johnson, and Mars. He sees purpose-driven, customer-­focused, team-based, multi-stakeholder businesses as our best bet for solving the big problems.
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Produkt

KlappentextAn actionable blueprint for transformational business journeys

Leading transformation in teams, businesses, and organizations is complex, and leaders are expected to know how to do it. This book provides the clear thinking required to navigate this challenge.

In Navigate the Swirl: 7 Crucial Conversations for Business Transformation renowned growth and strategy leader Richard Hawkes delivers a simple and powerful framework that any team can apply to overcome the most common leadership challenges to growing and scaling companies, known as 'The Swirl.' In this straightforward book, he draws on decades of experience guiding teams to implement strategic change at companies like Edward Jones, GENEWIZ, Hitachi, Pfizer, Johnson & Johnson, Mars, and Chicos. In this book you will learn:
To understand and lead disruptive change in a complex social system - your company
Ways to visualize and diagnose the essential working parts of a company
How to apply an integrated toolset for teams to lead organizational change and business transformation
How to create transformational journey maps that leaders, teams, businesses, and companies must apply to unleash growth potential and agility
How networks of teams should work together to develop each other's leadership and to manage and accelerate change

Written as a practical guide for business and team leaders, Navigate the Swirl: 7 Crucial Conversations for Business Transformation belongs on the desks and in the hands of every purpose driven leader.



Richard S. Hawkes is the Founder of Growth River, an international consultancy that guides leaders and teams to create higher performance in businesses and organizations. Its practical mission is to make high-­performing ways of working easier. He works with companies to identify and resolve constraints to success, including Edward Jones, Genewiz, Hitachi, Pfizer, Johnson & Johnson, and Mars. He sees purpose-driven, customer-­focused, team-based, multi-stakeholder businesses as our best bet for solving the big problems.
Details
Weitere ISBN/GTIN9781119868804
ProduktartE-Book
EinbandartE-Book
FormatEPUB
Verlag
Erscheinungsjahr2022
Erscheinungsdatum01.07.2022
Seiten272 Seiten
SpracheEnglisch
Dateigrösse4272
Artikel-Nr.9166622
Rubriken
Genre9201

Inhalt/Kritik

Inhaltsverzeichnis
Foreword ix

Acknowledgments xix

A Note To The Reader: How to Use This Book xxi

Introduction: The Swirl xxiii

Part 1 Framing the Conversation 1

1 Understanding Organizations: Social Systems, Not Machines 3

2 Understanding Businesses: The Business Triangle 19

3 Understanding Growth: Dynamics of Organizational Development 31

Part 2 The Evolution of an Enterprise 47

4 The Four Stages of Enterprise Evolution 49

5 A Business Is Born: Stage 1, Independent Contributors 57

6 A Leader Steps Up: Stage 2, Directive Leadership 65

7 A 5:30 Wake-Up Call: The Transition to Stage 3, Distributed Leadership 71

8 A Complete System of Roles: Stage 3, Distributed Leadership 81

9 Leveraging Creative Tension: Stage 3, Distributed Leadership, continued 101

10 High-Performing Teams: Stage 3, Distributed Leadership, continued 115

11 Toward a Flat, Agile Organization: Stage 4: Leaders Leading Leaders 127

Part 3 The Seven Conversations 133

12 Organizations Evolve at the Speed of Conversation 135

13 Conversation 1: Activating Purpose 145

14 Conversation 2: Driving Focus 153

15 Conversation 3: Shifting Mindset 159

16 Conversation 4: Specifying Capabilities and Roles 165

17 Conversation 5: Streamlining Interdependencies 171

18 Conversation 6: Aligning Strategies 175

19 Conversation 7: Implementing Initiatives 185

20 An Invitation to Transformation 187

Glossary 191

Index 239
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Leseprobe

Foreword

by Penny Pennington, Managing Partner, Edward Jones

On January 1, 2019, I became the managing partner (as a private partnership, this is our corollary to a CEO) of Edward Jones-just the sixth one in our firm's 100-year history. The age and endurance of our firm is just one dimension of the moment we found ourselves in-we were a new leadership team, stewarding a storied company into the future.

Our firm was doing extremely well when I began my tenure. Edward Jones had experienced remarkable growth for decades. After starting with one financial advisor in 1922 and growing to 100 financial advisors in the early 1970s, the firm reached the milestone of 1,000 financial advisors in 1986, then added its 10,000th in 2008-and has nearly 19,000 financial advisors as I write this. In terms of number of financial advisors, we are one of the two or three largest firms today.

By almost any measure, the firm has been successful. Edward Jones is listed on the Fortune 500 and is the largest privately held financial services firm in the industry. We serve 7 million clients and care for $1.8 trillion of their assets as of the end of 2021. Our more than 50,000 associates consistently rate us highly as an employer, leading to 22 consecutive years on FORTUNE's Best Companies to Work For list.

At the same time, I was acutely aware of the fact that we are on the verge of unprecedented change-and it's change that was already underway before the COVID-19 pandemic began. The investors we meet with are often looking for more than traditional financial advice; what they're seeking looks more like advice about holistic financial wellness. They're interested in a very human-centered approach that is quite different from the way financial advisors have traditionally worked.

What this all means is that the role of the financial advisor must evolve-and the value of their role has changed. Clients are placing even more value on having a personal relationship with their financial advisor than ever before. Fortunately, at Edward Jones, that's been our competitive advantage from day one. We've always put our relationships with our clients at the center of what we do. But other firms have started to see the value in it, and they're working hard to close that gap.

In addition to these pressures, there are other elements of change creating great impacts for us. Regulatory changes are rightfully requiring us to serve our clients and their best interest. The economics of our business model are also under pressure-the transaction of purchasing securities has become a commodity and is nearly a free good. Competitive forces have lowered the breakpoint at which clients can purchase certain products. These pressures have an impact on revenue and compensation. Perhaps your business and model are undergoing the same kind of metamorphosis.

With all these factors in play, it was clear that our firm was at an inflection point. To me, it also meant that the conditions were ideal for transformation, and for putting conditions in place for our firm that would allow us to continuously improve over time. It's important in this context to recognize the difference between change and transformation. Change occurs in linear, predictable, and incremental ways-a change to a digitally enabled value proposition, for example. Transformation, on the other hand, is more vertical. It's often about multi-stakeholder (rather than single-stakeholder) impact, and it fundamentally impacts the purpose, culture, leadership, strategy, capabilities, and operating model of a company simultaneously. Transformation is riskier and more unpredictable than change.

Companies transform for one of two reasons. One, they're in a crisis; or two, because they get to-they see that the journey and the effort will be worth it, and they're excited by the possibilities. They recognize that transformational impact can improve not only the commercial enterprise, but also lives and possibilities. Edward Jones is firmly in the second camp. When you have a vision of the impact you want to have, you can either bring that vision down to fit your current reality or you can pull reality up to meet your vision as it was intended to be. Here again, we're in the latter group.

We're pulling reality up to our vision, and we're doing it from a position of strength. We began a change journey not as a discrete event with beginning and end points, but one that creates sustainable conditions for the firm to continuously improve and increase our impact over time-in fact, to quicken the pace of growth and innovation.
The Framework of Transformation

Every transformation must start somewhere-but it's not always easy to know where to start. We saw our initial challenge as identifying the future state we wanted for our firm, and the key competitive advantage that would endure through and beyond our transformation. As we began the work, we considered our purpose, culture, leadership, and capabilities, which helped us identify the gaps between where we were and where we aspired to be. We asked ourselves how we could future-proof our firm.

This exercise was, and is, a deeply human endeavor. We were considering the transformation of a beloved and impactful enterprise, one that tens of thousands of associates and millions of clients take very personally. Our mindset, our relationships, and the ways in which we collectively agreed to lead into the future, became fundamental to the work we were doing.

I believed strongly-and still do-that having a strong organizational purpose is the key to unlocking that organization's human potential. It provides a framework that everything else can be built upon. A worthy purpose unleashes the human spirit. It galvanizes people, and that's critically important, because the how of transforming from one thing to something else is hard. In fact, it flies right in the face of a deep human desire-to get good at something and stay good at it by relying on the things that helped you get good at it in the first place.

For a transformation to be successful, it needs to be purpose-driven, leader-led, and team-based. Those may sound like abstract or lofty words, but they become tangible and actionable when you put them to work in a large organization with a long history of working a certain way.

In our case, having some outside perspective proved to be very helpful-and confidence-boosting. We began working with Richard Hawkes and his team at Growth River to help us clarify the approach we wanted to align around in our multiyear journey. The Growth River Operating System, and in particular the Seven Crucial Conversations, are all built upon a specific way of thinking about teams and organizations, a unique model for understanding businesses, and a particular perspective on how organizations grow and innovate in a team-based way. Richard and his team helped us understand these foundational concepts, which helped set the stage for our journey.

It's also important to note that the Growth River team helped us develop a common vernacular that's proven very helpful in how we approach situations. I've likened it to the language of accounting-everyone knows what a debit or credit is, for example, and we agree on what we're talking about when we use those words. I can't stress enough how important it is to establish a common language around transformation-it makes it easier for us to have meaningful conversations and ensure that we consistently understand each other.

In our case, we've developed a dialect that's unique to Edward Jones. It's connected to our culture and rooted in terminology we've used for a long time. We have added a language associated with a common understanding of how a high-performing team works in concert.

With this language in place, we can have conversations that build more trust with one another and can deeply engage on topics that are critical to our transformation. The language and behaviors of a high-performing team are not intended to make things easy-they exist to make challenging work more productive while unleashing the spirit of the terrifically talented people you have on your team. Richard's team helped us recognize the importance and power of our language and helped us establish a baseline for it. From there, it has become uniquely ours.
An Organization-Wide Approach

Growth River also helped us unlock the full potential of teams within our organization. The theory behind it is simple: we're able to do much more as a team than we can individually. Companies are not machines. They are social systems made up of individuals who themselves have a purpose and thirst to succeed and have impact. High-performing organizations are comprised of constellations of high-performing teams.

Teams are high-performing when they bring together all the necessary perspectives-in other words, the necessary elements to form a system of roles that enable a team to be in it together-to achieve the purpose of the enterprise, the business, and every person on the team. I've learned to never underestimate the power that this concept of role definition can provide in terms of clarity and focus. Defined roles unlock the human potential within teams and then across teams, ultimately lifting the entire organization.

Our leaders and associates lean into this philosophy, advocating for a particular set of priorities that are critical for...
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