Currie Article Review: Building a Game-Changing Talent Strategy

Currie Management Consultants, Inc. is recommending HBR’s Building a Game-Changing Talent Strategy, as required reading.  This piece takes us through some best practices and guidelines for creating and maintaining a successful team of highly talented employees.  Through the case studies presented in the article, the authors have identified the following three essential attributes of a supremely game-changing organization: Purpose Driven, Performance Oriented and Principles Led.  These elements are distinctly comparable to three of the 12 Currie Success principles:

     Currie Principle #3 Focus and Purpose
     Currie Principle #9 Results Orientation
     Currie Principle #11 Integrity

 

Let’s take the three attributes listed above, combined with the three Currie Principles, and apply them to your industrial equipment distribution company.  To start, some examples of enterprises which epitomize outstanding leverage of talent are pulled from the article and summarized below.

Case Study 1:  BlackRock

This company excels at placing the right people in the right positions.  In addition to successfully creating an employee value proposition, BlackRock is led by four guiding principles, which are strictly adhered to:

  • to be fiduciaries to the clients
  • to be passionate about performance
  • to be innovators
  • to be “one BlackRock”

 Case Study 2:  Envision

As we learned in the last article and review (2012 Global Workforce Study), employee engagement is critical to the performance of the company.  Lei Zhang, of Envision, was ahead of the curve on this, and created an employee model which greatly appealed to gifted individuals.  Jerry Luo’s quote sums it up nicely:  “Envision is here to help people achieve their ambitions and to help improve the world.”

Think about your equipment distribution company when you read about Envision’s “open innovation” mindset.  Many of Currie’s clients have become highly innovative game-changers due to consolidations, diversification initiatives, advancing technology, and creative wealth-building strategies.

Case Study 3:  Tata Group

This company embodies the concept of talent capture.  As an acquisition firm, Tata Group has mastered the art of swiftly and accurately identifying the culture of the newly acquired organization.  Pay close attention to the quote in this section:  “why don’t you guys just tell us what to do?”  How often have we seen this in our distribution companies?  In response to this issue, during our Leadership Development Program, the Currie team teaches future executives about the concept of Situational Leadership.  In a nutshell, Situational Leadership is the application of a specific management/leadership style (Telling, Selling, Participating or Delegating) based upon a quick analysis of all the variables of the circumstances, including the “Readiness of the Follower”.  Using this methodology, on a much grander scale, has allowed Tata Group to mitigate a tremendous amount of risk.

One would be hard pressed to find a client of Currie Management Consultants who hasn’t heard the ceaseless iterating of the phrase “employer of choice”.  This article aligns perfectly with the top employer concept, and is an exceptional follow-on to 2012 Global Workforce Study.  Based upon the continuation of the development of talent theme, a list of questions has been established.  Reflect on the six questions below, and consider the following:  what are the talent management practices critical to the support of a game-changing industrial equipment distribution company?

  1. What is your organization’s Talent Strategy?
  2. What is your vision for your equipment distribution company, and how well do your employees know and understand your vision?
  3. What message are you sending your team through your commitment to being an employer of choice?
  4. Is your top executive team focused enough to stick to the plan for leveraging the talent at your company?
  5. Does your equipment dealership still have a lingering silo mentality?
  6. Do you know where to find the best people?  Note the article’s interesting mention of the use of headhunters (page 4).

Please follow the link to read Building a Game-Changing Talent Strategy.  Comments, questions and other feedback is always welcome.

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Question PS2911

The Lord will bless his people with peace, Psalm 29:11 KJV

It is interesting here that the King James Version, The Amplified Bible and The American Standard Version state this verse in future tense, while the New International Version, The Message and The New Living Translation state it in present tense:  The Lord blesses his people with peace (NIV).

The popular translation of this section of Verse 11 is that God is offering us a promise.  But we need to investigate further exactly who is meant by “us” and what, exactly, is peace?

“His people” – Who are “His people”?  Traditionally, early Israelites were The Chosen people.  There are no recorded occurrences of God speaking, either directly or indirectly, to any person, or any group of people, belonging to any other race or nationality.  In fact, the Israelites, upon reaching the Promised Land after the Exodus, were sternly commanded by God not to mix with the Canaanites, or any other foreign civilization. God was interested in one particular group, and He clearly was interested in maintaining the unique purity of the group, in its original created form. This fact alone leads to the introduction of an enormous “what if” question – what if God spoke to other races of people, yet it was never recorded?  What if His instructions to other nations included the command to never write down the words of God.  In fact, when you really think about it, how presumptuous would be the person, or more accurately the male, who believed that he understood God well enough to record His very words, which would then become law for all mankind, forever?  How audacious for a man to believe that he could actually quote the Almighty Creator in such exact detail as to proscribe such punishments as severe as executions.

“With peace” – Peace is the great gift that, according to this verse we can expect God to bestow upon all of us.  In many versions, as mentioned in the opening paragraph, He has already given it to us.  It can even be otherwise interpreted that we are constantly in a receptive state of peace, as if it exists in a continuous flow into and throughout our lives.  For many, this is true.  But we must further define peace.  Thousands of inferences can be deduced from the word “peace”:  quietness, stillness, silence, not at war, harmonious, friendly and the like are the first synonyms that come to mind.  Given what the gift of peace could mean for us both individually and collectively, wouldn’t we rejoice and give tremendous thanks to God for this most valuable, and unearned, gift?  I say unearned because all that is necessary to receive this gift, according to David’s description, is to be a people, either individually or collectively, belonging to God.

The What If

God will (or currently does) bless the people that have attained peace, or are living in a state of peace.  The words “with peace” could certainly be construed as meaning “having peace”.  Just think of the process of categorizing – “all people with red hair stand to the left”, or “everyone with….”  Thus having peace, or being peaceful, could quite possibly be the prerequisite needed to obtain God’s blessing.   In that case, we are now facing the enormous quest to define and achieve (or obtain) peace in order to receive God’s blessing.   This is an overwhelming task to say the least.

Now things are starting to come together.  The world is not blessed because God is waiting.  He is patiently and ceaselessly waiting for us to be with peace, so He can fulfill the promise made in the verse.  He is waiting for us to attain peace so He can bless us.  Now it is up to us, His beloved creation, His people, to complete the work that was demonstrated by Jesus Christ, The Prince of Peace, so we can fully receive the intended manifestation of God’s love for us.

One final assumption that is that the promised blessing is available to individuals that meet the requirements of being His, and being with peace.  Nowhere does it say that this is an all or nothing promise, and that all people must be His, and that all people must have peace in order for the promise to be fulfilled.  Therefore, if there is one among us, or 1,000 among us, or 1Billion among us who fall into the two qualifying categories, then it is appropriate for those people to fully expect the promised blessing.

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Currie Article Review: Towers Watson 2012 Global Workforce Study

Currie Management Consultants, Inc. recommends that all clients read the 2012 Global Workforce Study by Towers Watson to learn more about their Engagement Model.  What’s the big deal about “engagement”?  And why do we, as distributors of industrial equipment, want to know about, and create, engagement?

The bad news:

  1. Studies show that companies with employees who are not engaged, using the traditional definition, are at higher risk for dips in productivity.
  2. Employees with low engagement scores are more frequently absent.
  3. Employee turnover is higher in companies with low employee engagement
  4. When engagement is low, customer service standards are more likely to decline.

What happens when a company has a high level of engagement?

The good news:

  1. Engaged employees believe in the company’s goals and objectives, and will work to achieve them.
  2. Companies with highly engaged employees are more likely to attract high-quality candidates for open positions.
  3. Employees who are engaged are more willing to go the extra mile for the sake of the company.

Read the 2012 Global Workforce study for comprehensive information about Engagement (and the drivers of engagement), Enablement, and Energy.  These items make up the formula for a highly successful workforce, in an age where we cannot afford to be otherwise.  Lean is here to stay, along with the critical practice of talent management, and the need for great leadership.  The attached article takes us through several important concepts to help us create and sustain the engagement model among all of Currie’s dealer and distributor clients.

An added bonus is a little information about Redefining Retirement.  Be sure to take a look at that section.

The article is available on their website at this address:  http://towerswatson.com/assets/pdf/2012-Towers-Watson-Global-Workforce-Study.pdf.  Feedback is always welcome.

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Currie’s 2014 Client Reading List: Chaos Theory

2014 has been an extremely busy year so far.  In fact, words like “hectic” and “frenetic” have been used by some clients of Currie Management Consultants, Inc. to describe the speed of change in the distribution industry today.  Another descriptive word has emerged out of the exchanges—“Chaos”.

Chaos is defined as “a state of utter confusion” by Merriam-Webster.  The definition epitomizes an atmosphere of paralyzing uncertainty, and an exaggerated lack of clarity.  But conversation is needed about what happens during a period of chaos at an equipment dealership.  First, one must consider the basis of the disruption.

Economic growth, advancement of technology and a rapidly changing marketplace have contributed to the growth pattern seen across distribution industries of late. Add to that a consolidation pattern across the continent, and also individual diversification plans, and businesses are faced with a heightened level of ambiguity. The key to success becomes the principals’ ability to manage the conflict, tolerate the ambiguity and cope with the level of change. For those clients who have participated in the Leadership Development Program, remember the critical behaviors of High Performing Executives: Change Mastery, Interpersonal Finesse, Mental Agility and Goal Orientation.

Reflect for a moment on the last couple of years in the Currie Best Practices Groups.  Many, if not all of the meetings focused on themes of diversification, growth, consolidation, wealth-building strategies, and the like.  As distribution companies experienced these emerging patterns, they were able to face the challenges head on.  Now that we are seemingly in a state of “chaos”, the reading list reflects the abstruseness as well as the complexity, of the business of industrial equipment distribution today.

The evolution of the list is meant to demonstrate the long-term changes in the industry.  One past theme is sports and the leveraging of bench strength (talent).  Also, the theme of the 2013 list was military strategy as it applies to distribution, and the audacity that is required to participate in a changing, and challenging arena.  Now, in 2014, we present the theme of chaos.  The recommended book titles illustrate the numerous activities, and the “agility”, that is required to compete in the business world today.

Click to download the 2014 Client Reading List

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Question PS4610

Be still, and know that I am God Psalm 46:10

The commonly accepted interpretation of this verse is that it serves as a reminder to us how necessary it is to slow down.  The constant rushing of today creates such distraction in our lives, that the opportunity to rest and develop an intimate relationship with God may be lost.  Ratcheting down into a lower gear; taking the time to pray and study the Bible; and resting in deep prayer and meditation are absurdly difficult for many people today.  Instead we are enmeshed in a lifestyle of schedules, electronics demanding our attention, work responsibilities, family expectations and our own personal events.  Where does God fit into all of this?  Are we engaging with God using the same intensity that we are using when we engage with our children’s sports and dance activities?  According to the verse, we are commanded to “be still.”  But what exactly does that mean?  Those two words alone are open to an enormous number of diverse interpretations.  Let’s explore those possibilities by breaking Psalm 46:10 into smaller bites.

“Be still”.  These two words are packed with a commanding voice.  This is not an option.  There is very specific tone implied here in words spoken by God in such a clear and concise form.  We must be still.  But here are the questions that, for us mere humans, quite naturally follow:  Why?  How?  When?  Where? For how long?  Does it mean that whenever we hear or see these words, we must immediately become motionless and silent for some specified period of time? The questions go on and on.   The answer to those and the hundreds of other questions that arise when we hear those two words is something that can only be delivered to us individually, and directly by the Holy Spirit.  The bottom line is that true obedience is never fully achieved until God Himself is satisfied.  How do we know when we have “complied”, when we have sufficiently obeyed the command?  How can we possibly know when He is satisfied?

“and know” – how many times in Leviticus and other early books of the bible did God remind the Israelites “I am The Lord your God”?  And how many times did they forget God?  As time went on and new generations of people came of age, they rediscovered God and his tremendous blessings, and then they, or a subsequent generation, would lapse into a period of forgetfulness.  This cycle occurred over and over throughout the Old Testament.  Generations were lured away from devotion to God because of sinfulness.

“that I am God”  –  Wow! This concept is so simple, and yet so profound.  “I am God.”  We know who God is, don’t we?  Or maybe we just think we know who God is.

 

What if? – what if the translator originally should have said Be, and still know that I am God.  A simple transposition of two words, and the strategic placement of the modern day comma, immerses us into a whole new world of meaning.  What would God mean if he told us to “be”?

Human Be-ings

This reminds me of the great freedom that I believe God has so generously bestowed on every single one of us.  He wants us to live out the plans and intentions he has for each of us.  To “Be” would mean to laugh, sleep, play, eat, learn, work, love…….Isn’t that we why are called Human Be-ings?

Yet there needs to be a caveat – a reminder, because as humans we are also weak at times, forgetful and ungrateful.  During all of this being, we need to remember who He is and subsequently who we are.  He is God, and we are His beings.  We would not even be if it wasn’t for Him.

At first glance the message appears to be similar in both sequences.  Yet, upon further examination, we see a distinct difference emerge.  The verse, as is commonly accepted, and recorded as such in the beginning of this chapter suggests an opportunity to deepen your relationship with God through restfulness and silent reflection.  In other words, knowing comes through inactivity But what becomes evident in the “what if?” scenario is the exact opposite.  To “be”, especially when commanded by God, is everything but restful and silent.  In this case, activity is actually commanded by God, and the second command follows.

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