5 ways to streamline decisions in a time of crisis

The greatest determinant of a company’s performance is the ability of that leadership team to consider quality, outcome, and effort.
April 16, 2020
5
min read
Subscribe to the BTS newsletter
Follow us on Linkedin
Follow BTS on Linkedin
Share

The word “crisis” originates from the Greek krisis, which translates, literally, as “decision.”

Even in the best of times, decision by committee rarely works. Teams endlessly debate and swirl when trying to find an outcome agreeable to everyone. During a crisis – it can not only make a tough situation even tougher, but it can hit your company’s bottom line.

Take the example of the president of a health insurer who described the challenge to us this way. He and his leadership team are finding that the timeframe they have to make critical decisions has shortened significantly. In addition to moving thousands of employees to remote work environments – leading to risks of server overload – there have been real-time, completely new decisions to be made on telehealth coverage, COVID19 claims processes, getting front-line doctors paid more quickly, assessing complicated patient cases and responding to difficult questions from clients and partners. In this environment, his leaders are working long hours and trying to do the right thing, but there has been overlap and confusion as multiple people have tried to tackle the same decisions. They are struggling to streamline the decision-making process so that they can get the right things done faster.

They, like many organizations, have defined familiar ways of making decisions and getting things done. But right now, executives trying to lead their companies through COVID19 are telling us that the biggest barrier they are running into is actually sticking to those carefully thought-out processes. There’s no clear roadmap for a global pandemic crisis. Emotions and stress levels are high, the flow of information has leaders drinking out of a fire hose, and everyone has an “expert” opinion on what the company should do.

Unless leaders decisively move things forward, you put a lot at risk:

  • Losing the confidence of your leadership team, employees, and stakeholders
  • Wasting valuable time that could be spent solving other problems
  • Delaying manufacturing and distribution decisions that can impact company liquidity
  • Pivoting the business too slowly toward innovation and growth opportunities

Company performance is largely driven by how effective leaders are at making decisions, and how nimbly they can act on them. Research done by Bain & Company found that the greatest determinant of a company’s performance is the ability of that leadership team to efficiently make critical decisions when you take into consideration the following attributes of a decision: quality (did the decision end up being the right one), speed (faster or slower than competitors), outcome (what action was taken) and effort (what resources went into making the decision).

So how can you continue to drive company performance while helping your organization adapt to the current crisis—all without losing sight of some of the fundamentals that made you successful in the first place? Here’s our list of five key steps to staying on track.

  1. Decide who’s deciding.
    In a crisis, the evolving landscape may require a change in who makes the decisions and how the decisions get made. Depending on circumstances, one of four decision-making styles may be a better fit.In the midst of a crisis when leaders feel a strong need to act, many will choose to take a Command approach. This involves making a decision with little or no input from those around the table. These types of decisions result in compliance, but don’t generate much commitment. For instance, in a life-or-death situation, a leader may not have time to consult with others, or the plan of action may be clear and just needs to get started.

    To generate more commitment, leaders can take a Consult approach and ask for input while still maintaining ultimate decision-making authority. Getting input from others does not mean giving up decision rights. A leader may have a couple of options in mind and solicit feedback before deciding, or they may want to get additional options on the table before making the call.

    Leaders may want to gain even greater buy-in from those affected by sharing decision making through a Collaborate approach. The pain associated with group decision making comes from doing it poorly. When the process is well structured and the leader sets a time limit, collaborative decisions can be just as efficient as getting group feedback before the leader decides. Particularly when many people share ownership around the plan execution, this approach can help put it into action.

    Finally, leaders don’t have to make every decision. When taking a Constrain approach, the leader sets boundaries on decision options and leaves the deciding to others. As an example, the leader may ask the IT team to source a new platform for remote meetings within a stipulated budget and time frame, but they maintain the freedom to choose the vendor.
  2. Look beyond the numbers.
    It’s important to leverage data and information that is easily accessible. But during times of crisis, there can be too much intel, and not enough time to analyze it. That can leave you with analysis paralysis, and can get in the way of being quick, and being decisive. On the other hand, you don’t want to act without any basis of judgment at all—you want to take advantage of past experience and leverage your own intuition. Seasoned crisis leaders leverage what we define in the Bates ExPITM as Practical Wisdom – the ability to distill the most relevant information needed and anticipate the likely consequence of a decision – something that comes with having lived through catastrophe before. For instance, a leader may draw on lessons from the Great Recession around how they maintained key customer relationships as they assess options for how to reorient their priorities now.
  3. Make room for others.
    Even if you’re serving as the ultimate decision maker, it’s important you remember that you don’t know it all. Creating an environment where ideas and opinions can be raised and appreciated creates a sense of trust and belonging. COVID19 is not a crisis event. It is a crisis cycle which will likely ebb and flow in waves as the situation unfolds over time, and you need to manage engagement and productivity over the long-term. Make sure you set up a way to gather feedback and be open to reevaluating your plans and decisions as time allows.
  4. Check your bias at the door.
    It’s human nature for unconscious bias to sneak into our decisions. We may rely too heavily on information that validates the direction we already want to go, something known as “confirmation bias.” Or we may look for affirmation from a peer group that unconsciously practices group think and is less inclined to be open to alternative views. One good way to tackle this is to have a designated “devil’s advocate” on the crisis management team; someone whose job is to ask questions, probe for dissenting views, and generally validate that the leader has considered other perspectives.
  5. Communicate, communicate, communicate.
    Often, the biggest team breakdowns during a crisis are the result of misunderstandings or mismanaged expectations. If an executive team thinks they have a different role in the decision-making process or expects problems to be solved within a set timeframe – they may be frustrated, disappointed, or even hostile towards the leader when things don’t go as planned. A leader with good interpersonal skills and a clear, defined communication strategy will help keep the team aligned and focused on a common goal – serving employees, stakeholders, and the business.

A crisis can derail even the most stable and grounded leader. We hear every day from executives who feel they are spinning their wheels, overwhelmed with the pressure of looming decisions and personally emotional about the impact COVID19 is having on their companies, their families, our global community. It’s a heavy burden to carry. But this is a time to double-down on your confidence, to lead decisively, to connect with your stakeholders, to demonstrate empathy, and to focus the firm on the future – one decision at a time.

Get the report

Related content

Blog Posts
February 1, 2013
5
min read
Leadership development eliminating the obstacles
Inspired by Irvin Yalom, this blog shows that growth happens when we remove the obstacles holding leaders back, one step at a time.

Last night I started reading a book by Irvin Yalom, a psychiatrist who has written several novels that I’ve loved. But right now I’m reading something different—a book of short lessons he’s learned from many years of working with patients.

Early in his career, Yalom was inspired by something he read. The gist of it was that all people have a natural tendency to want to grow and become fulfilled—just an acorn will grow up to become an oak—as long as there are no obstacles in the way. So the job of the psychotherapist was to eliminate the obstacles to growth.

This was a eureka moment for Yalom. At the time, he was treating a young widow. Suffering through grief for a long while, she wanted help because she had a “failed heart”—an inability ever to love again.

Yalom had felt overwhelmed.  How could he possibly change someone’s inability to love?  But now he looked at it differently.  He could dedicate himself to identifying and eliminating the obstacles that kept her from loving.

So they worked on that—her feelings of disloyalty to her late husband, her sense that she was somehow responsible for his death, and the fear of loss that falling in love again would mean. Eventually they eliminated all of the obstacles. Then her natural ability to love—and grow—returned. She remarried.

Reading this story made me think of the responsibility of leaders toward the people they need to develop—and for the growth and learning that leaders themselves require to be the best that they can be.

Many leadership development challenges seem overwhelming—even impossible. The leaders that we coach usually have a list of areas where they want to get better, but how?  How do you “build better relationships with your peers and direct reports”?  How are you supposed to “get out of the weeds and demonstrate enterprise-wide thinking” or “build executive presence”?  All of these goals are as abstract as they are huge.

So the best approach is to not focus on the huge and fuzzy goal.  What we try to do is to break these goals down into concrete actions through working on real-time business problems. To put it simply, though, we do just as Yalom does: We identify the obstacles and work toward knocking them off, one at a time.

Leadership development is not usually a quick fix. You’re not going to develop executive presence through a half-day workshop or a one-time meeting.  If you’re interested in meaningful, lasting growth—whether for yourself or for those who work for you—it’s a commitment.

But don’t ever forget that we’re all capable of growth throughout life and our careers. The trick is to find the right coach or mentor who will guide you through that obstacle course.

Blog Posts
December 9, 2012
5
min read
Executive presence: what’s your “talk track”?
How your executive presence is affecting your professional brand.

In my work as an executive coach, I meet at least once a month with each of my coaching clients.

I often talk to them on the phone and exchange emails with them as we work on their real-time business challenges. So, what happens in those conversations? Recurring themes start to come up. I find that many leaders  have a “talk track” of words and phrases that they use all the time—without always being aware of the impact. For better or worse, this talk track ends up becoming part of their executive presence and their brand as a leader.

One of my clients had a talk track for many years that led to a reputation for negativity. In one meeting alone, I noticed that he had described about ten different work experiences as “nightmares.” Strong word! So we talked about this talk track. And the next time I heard him lapse into that way of talking, I decided to delve into it. “What I just heard from you was an example of that ‘talk track’ we’ve talked about,” I said. “So let’s talk about this. You say it was a ‘nightmare.’  Okay—why do you call it a nightmare?”

The upshot was that he had made a sales presentation but didn’t get the deal. I said, “Let’s use accurate language to describe the situation.” Was it a nightmare? No. Maybe it was a disappointment. Maybe he could have said, “Unfortunately, we didn’t get the deal” or “They decided to go with another vendor” and state why, objectively. My goal was to get him to stop “catastrophizing” when something didn’t work out.

This leader didn’t want to be defined by that negative “talk track” anymore. So I told him that the only way to do that is to turn up the volume on a very different talk track—one that captures the brand and presence that you want to project.

I’ve had clients who always talked about how difficult or challenging or complex things seemed to them.  You’ve probably had a boss or colleague with any number of talk-track themes:

  • “I’m so exhausted/overwhelmed/unhappy/unappreciated….”
  • “Everyone here is useless/stupid/incompetent….”
  • “It’s such a difficult environment/project/client/travel schedule…”
  • “That will never work/We won’t get that deal/It’s a dumb idea/What were they thinking?”

Often people aren’t even aware of how much they harp on a conversational theme and how negatively this lack of executive presence is affecting their professional brand. So what can you do to make sure your talk track is working for you and not against you as a leader? Take these four steps:

1. Identify your talk-track themes.

What are the words and phrases that you find yourself constantly using in conversations at work? Write down the things you seem to say almost every day—or think about what themes come up all the time for you in conversation at work or elsewhere.

2. Consider the impact of your talk track.

As a leader, your words carry more weight than others.  You’re setting the tone for your team or division or organization.  Whether that tone is absurdly optimistic, cynical, critical, upbeat, energized, or overly emotional, it’s going to be the model for others. Make sure that your talk track is consistent with the values and behaviors you want to drive.

3. Challenge the reality of your talk track.

How accurate is your talk track?  Do you have a natural tendency to see the part of the glass that’s empty?  How do you respond to setbacks?  Do you gloss over the pain?  Do you make a mountain out of a molehill?  It’s crucial for leaders to be balanced, objective, and real about what’s happening.  Your language choices need to reflect that.

4. Consider what you could say differently.

It’s easy to lapse into your talk track.  When you catch yourself saying the same old things, try to catch yourself as if an alarm was going off.  Can you find another way to say it—something that’s consistent with the brand and presence you want to project.

Don’t get me wrong.  Leaders do need to be “real” about challenges and setbacks, and a somber tone may be appropriate and even helpful at times.  The goal is to become more aware of your talk track and what it’s doing for you and others.  As a leader, people take their cues from you.  Before you know it, your talk track can dominate or drive the culture.

Changing your talk track is a challenge. Our ways of talking and viewing the world are pretty ingrained through several decades of life experiences. But change is also very possible. Pump up the volume on a more positive talk track for the holidays, and your presence will be viewed as a gift.

Blog Posts
February 24, 2014
5
min read
Why connection trumps precision in executive presentations
Learn how Yo-Yo Ma’s unexpected inspiration from Julia Child shows that great executive presentations rely less on perfection and more on genuine connection, presence, and audience experience.

A while back, I heard an anecdote on the radio about cellist Yo-Yo Ma, and it really struck me. Surprisingly, Ma said that once of his biggest inspirations was chef, author, and television personality Julia Child.

Huh?! Well, it turns out that thinking about Julia Child helped him get in the right mindset before a performance. He would think about watching her on television, making a roast chicken that looked beautiful—only to have it fall off the plate and onto the floor. Did she flip out? No, she never stopped smiling.  She just acknowledged what happened and went on with the show.

Reflecting on this, Ma realized that the best mindset he could have as a performer was to ensure that his audience was having a good experience—rather than worrying about being perfect.  Speaking to the St. Louis Post Dispatch last October, he said, “The idea of performing is hosting. It’s like you’re giving a party. You invite people to come to a place and enjoy something special; basically, they’re subject to whatever you dish out. You want them to have a great time, they want to have a great time, and what are you doing to facilitate that?”

In a Malcolm Gladwell article that I read years ago, Yo-Yo Ma also admitted that he used to strive for perfection in performance. When he was 17, he practiced a Brahms sonata for a year with technical perfection in mind.  So what happened when he did that?  “In the middle of the performance I thought, I’m bored. It would have been nothing for me to get up from the stage and walk away. That’s when I decided I would always opt for expression over perfection.

”There is a valuable lesson here for executive presentations. In my experience, many leaders worry too much about precision when they present. Aiming for total accuracy, it’s easy to end up with text-heavy PowerPoint slides—and far too many of them. And once you have a ton of bullets on a slide, you usually feel compelled to read them all. At best, slides still tend to distract the audience’s energy away from you—and the presentation is really all about you, not your visuals.

Think about it: What would you rather be able to say at the end of your presentation?

  • I covered every point perfectly and spoke without a single stumble.
  • I connected deeply with the audience, and I could sense that they were completely engaged with my presentation.

It’s a no-brainer, isn’t it? If you’re able to really connect with your audience’s questions, concerns, and needs, they won’t even notice if the imperfections that jump out to you as the expert.

Of course, there’s a catch here. Connection trumps precision… but the more you master your topic through preparation and practice, the more you’re freed up to focus on connecting with the audience. When you don’t have to work to remember your key points and transitions, you can concentrate more on your eye contact, gestures, and reading the room.

So give some thought to drawing some inspiration from Julia Child, just as Yo-Yo Ma does as a concert performer. When you’re giving a speech, you’re the host, and your job is to set the tone and make sure that everyone has a good experience.

That’s a recipe for a successful presentation.

Related content

Insights
December 2, 2015
5
min read
Business Simulations: Why Are They Effective

You’re buckling in for an overseas flight in a brand-new Boeing 777. The pilot comes on the PA: “Ah, ladies and gentlemen, our flight time today will be six and a half hours at a cruising altitude of 33,000 feet. And I should mention that this is the first time I have ever flown a 777. Wish me luck.”

Before setting foot in the real world, pilots, military personnel and disaster response teams use intense simulations to learn how to respond to high-intensity challenges.Why should we place corporate leaders and their teams in situations without first giving them a chance to try things out? The risks are huge — new strategy investments can run into the hundreds of millions of dollars. BTS offers a better way to turn strategy into action: customized business simulations.

‘Now I Know What it’s Like to be CEO’

A customized business simulation of your enterprise, business unit or process, using real-world competitive dynamics, places leaders in a context where they step out of their normal day-to-day roles and gain exposure to the big picture. Participants make decisions in a risk-free environment, allowing them to experience critical interdependencies, execution best practices and the levers they can use to optimize their company’s key performance indicators. It takes the concept of a strategy and makes it personal, giving each individual the chance to see the direct impacts of their actions and the role they play in strategy execution.

Leading corporations are increasingly turning to business simulations to help build strategic alignment and execution capability when faced with the following business challenges:

  • Key performance objective and new strategy implementation.
  • Accelerating strategy execution and innovation.
  • Improving business acumen and financial decision making.
  • Transforming sales programs into business results accelerators.
  • Leadership development focused on front-line execution.
  • Implementing culture change as tied to strategy alignment.
  • Modeling complex value chains for collaborative cost elimination.
  • Merger integration.

Within minutes of being placed in a business simulation, users are grappling with issues and decisions that they must make — now. A year gets compressed into a day or less. Competition among teams spurs engagement, invention and discovery.

The Business Simulation Continuum: Customize to Fit Your Needs

Simulations have a broad range of applications, from building deep strategic alignment to developing execution capability. The more customized the simulation, the more experience participants can bring back to the job in execution and results. Think about it: why design a learning experience around generic competency models or broad definitions of success when the point is to improve within your business context?  When you instead simulate what “great” looks like for your organization, you exponentially increase the efficacy of your program.

10 Elements of Highly Effective Business Simulations

With 30 years of experience building and implementing highly customized simulations for Fortune 500 companies, BTS has developed the 10 critical elements of an effective business simulation:

  1. Highly realistic with points of realism targeted to drive experiential learning.
  2. Dynamically competitive with decisions and results impacted by peers’ decisions in an intense, yet fun, environment.
  3. Illustrative, not prescriptive or deterministic, with a focus on new ways of thinking.
  4. Catalyzes discussion of critical issues with learning coming from discussion within teams and among individuals.
  5. Business-relevant feedback, a mechanism to relate the simulation experience directly back to the company’s business and key strategic priorities.
  6. Delivered with excellence : High levels of quality and inclusion of such design elements as group discussion, humor, coaching and competition that make the experience highly interactive, intriguing, emotional, fun, and satisfying.
  7. User driven: Progress through the business simulation experience is controlled by participants and accommodates a variety of learning and work styles.
  8. Designed for a specific target audience, level and business need.
  9. Outcome focused , so that changes in mindset lead to concrete actions.
  10. Enables and builds community: Interpersonal networks are created and extended through chat rooms, threaded discussions and issue-focused e-mail groups; participants support and share with peers.
Better Results, Faster

Well-designed business simulations are proven to significantly accelerate the time to value of corporate initiatives. A new strategy can be delivered to a global workforce and execution capability can be developed quickly, consistently and cost-effectively. It’s made personal, so that back on the job, participants own the new strategy and share their enthusiasm and commitment. This in turn yields tangible results; according to a research report conducted by the Economist Intelligence Unit and sponsored by BTS, titled “Mindsets: Gaining Buy-In to Strategy,” the majority of firms struggle to achieve buy-in to strategy, but those that personalize strategy throughout their organization significantly outperform their peers in terms of profitability, revenue growth and market share.

Business Simulations: Even More Powerful in Combination

Comprehensive deployment of business simulation and experiential learning programs combines live and online experiences. The deepest alignment, mindset shift and capability building takes place over time through a series of well-designed activities. Maximize impact by linking engagement and skill building to organizational objectives and by involving leadership throughout the process.

Putting Business Simulations to Work

Simulations drive strategic alignment, sales force transformation, and business acumen, financial acumen and leadership development, among other areas. A successful experiential learning program cements strategic alignment and builds execution capability across the entire organization, turning strategy into action. Results can be measured in team effectiveness, company alignment, revenue growth and share price.

Learn more about business simulations

Learn how BTS Business Simulations can help with your initiatives.

Fill out the form below to have a BTS representative contact you.

Insights
February 1, 2017
5
min read
The Power of Learning Journeys for Leadership Development
EVP Rommin Adl shares the success of BTS's partnership with a financial services firm in creating a 6-month comprehensive learning journey.

I recently read an HBR article discussing why the traditional approach to leadership development doesn’t always work.

It stated that instead of traditional methods, the best way to identify, grow and retain leaders to meet today’s demands is to “Let them innovate, let them improvise and let them actually lead.”

Over the past 30 years, as we’ve partnered with clients facing a vast range of challenges, we’ve seen the truth behind this – that people learn best by actually doing. That’s why business simulations are such a powerful tool: they allow people to do and lead within a risk-free environment, and condense years of on-the-job learning experience into a few days, or even hours.

We also know that learning is not just a “one and done” situation – it is a continuous experience. In many cases, a learning journey, which blends a variety of learning methodologies and tools over time, is the most powerful means of shifting mindsets, building capabilities and driving sustained, effective results.What a learning journey looks like depends entirely on the context of your organization. What challenges are you addressing? What results are you driving for? What does great leadership look like for your organization?

Learning Journey Program

To bring this to life, imagine the following approach to a blended learning journey for aligning and developing leaders – in this scenario, within a financial services firm: Financial technology has “transformed the way money is managed. It affects almost every financial activity, from banking to payments to wealth management. Startups are re-imagining financial services processes, while incumbent financial services firms are following suit with new products of their own.”

For a leading financial services company, this disruption has led to a massive technology transformation. With tens of thousands of employees in the current technology and operations group, the company will be making massive reductions to headcount over the next five years as a result of automation, robotics and other technology advances.

This personnel reduction and increased use of technology is both a massive shift for the business as well as a huge change in the scope of responsibility that the remaining leaders are being asked to take on moving forward. As such, the CEO of the business unit recognizes the need to align 175 senior leaders in the unit to the strategy and the future direction of the business, and give them the capabilities that they need to effectively execute moving forward.

To achieve these goals, BTS would build an innovative design for this initiative: a six-month blended experience, incorporating in-person events, individual and cohort-based coaching sessions, virtual assessments and more. Throughout the journey, data would be captured and analyzed to provide top leadership with information about the participants’ progress – and skill gaps – on both an individual and cohort level, thus setting up future development initiatives for optimal success.

The journey would begin with a two-day live conference event for the 175 person target audience, incorporating leader-led presentations about the strategy. The event would not just be talking heads and PowerPoint slides, but rather would leverage the BTS Pulse digital event technology to increase engagement and create a two-way, interactive dialogue that captures the participants’ ideas and suggestions. Participants also would use the technology to experience a moments-based leadership simulation that develops critical communications, innovation and change leadership capabilities, among other skills.

romAfter the event, participants would return to the job to apply their new learnings. On the job, each participant would continue their journey with four one-on-one performance coaching sessions, in addition to a series of peer coaching sessions shared with four to five colleagues. They also would use 60-90 minute virtual Practice with an Expert sessions to develop specific skill areas in short learning bursts, and then practice those skills with a live virtual coach. Throughout the journey, participants would access online, self-paced modules that contain “go-do activities” to reinforce and encourage application of the innovation leadership and other skills learned during the program.

As a capstone, six months after the journey has begun, every participant would go through a live, virtual assessment conducted via the BTS Pulse platform. In three to four hours, these virtual assessments allow live assessors to evaluate each leader’s learnings from the overall journey and identify any remaining skill gaps. The individual and cohort assessment data would then lead to and govern the design of future learning interventions that would continue to ensure the leaders are capable of implementing the strategy.

As you can see, this journey design leverages a range of tools and learning methodologies to create a holistic, impactful solution. It’s not just a standalone event – each step of the journey ties into the one before, and the data gathered throughout can be used well into the future in order to shape the next initiative .

Great journeys or experiences like this can take many forms. In addition to live classroom and virtual experiences, there is an ecosystem of activities, such as performance coaching, peer coaching, practice with an expert, go-dos, self-paced learning modules, and more, that truly engage leaders and ensure that the learnings are being reinforced, built upon, practiced and implemented back on the job. We find that these types of experience rarely look the same for every client. There are many factors that determine which configuration and progression will make the most sense. There is one common theme that we have found throughout these highly contextual experiences, however – that the participant feedback is outstanding and the business impact is profound.

Insights
November 10, 2018
5
min read
Is the pursuit of purpose the latest management fad? Nope. But it is getting more personal…
Jessica Skon, Madeline Renov, and Lee Sears write about the enduring discussion surrounding the pursuit of purpose at work.

Leading with Purpose, Part 1

Most CEOs I speak with are not 100% at peace with their company’s purpose. As the market, their people and their business evolve, so will their purpose. As some of the best companies of past and present show us, there is strength, and even magic, in a great company purpose. What is also clear, however, is that this magic does not come from just having a “purpose” or “vision,” but rather from how well a company is executing against their purpose.

When Southwest Airlines (which has been profitable for 45 consecutive years, and on FORTUNE’s list of World’s Most Admired Companies for 24 straight years) was first starting out, their mission was to make flying affordable.1 They rallied their people on the idea that a grandmother should be able to affordably buy a ticket, at the drop of a hat, to get on a flight to see her new grandchild. This simple mission led to the “Southwest Effect,” which transformed the airline industry, and continued to be a lens with which the Southwest leadership team made key decisions.

Today, Southwest’s vision has evolved: “To become the world’s most loved, most flown, and most profitable airline.” And they are executing on this vision. They continue to drive superior shareholder returns against all industries on the S&P 500 (as they have for the past 44 years), and in 2018 were named the top low-cost airline in JD Powers customer survey reports for the second year in a row.

As the Southwest example highlights, great company purpose combined with a leadership team who will build the work-flows, culture, processes and metrics to live up to it can be an enormous employee motivator. But we have also experienced, both at BTS and with our global clients, that a good company vision and purpose on their own are not sufficient – employees need them to be even more personal to them as an individual. I remember a lunch I had twelve years ago with a 24-year old new hire who was my direct report. After some small talk he looked at me and said, “Why are you here? Why have you spent seven years with the same company?”

I’ll never forget that lunch. It was the first time I had been asked the question, and it was the beginning of a new decade where our employees were much louder and more active about wanting to reflect and spend time on our mission and purpose, linking it to their personal values and the impact they strived to have in the world. Luke, that 24-year old new hire, has made me and our company better as a result of his question.

In the last decade, there has been a growing emphasis in the business world on finding a deeper motivation to unlock greater meaning at work. For some this may sound ‘fluffy,’ or as one executive we spoke to commented, “Is this just the next version of the pursuit of vision and values? It sounds great on paper but too often makes little real difference as it tends to stay on the wall, rather than live in your heart.”

Yet your people spend the majority of their life at work and with colleagues. At its best, a sense of purpose is a way of bringing meaning to their work and understanding the contributions they are making to the company, as well as greater society. It makes sense, then, that employees who are clear on their personal and professional purpose end their work day invigorated and proud of what they’re doing instead of exhausted by mindless work that is bereft of real meaning.

According to a recent PWC study, 79% of business leaders believe that purpose is central to business success – but only 34% use their organization’s purpose as a guidepost for their leadership team’s decision-making. Signs that your workplace may be lacking organizational purpose are distracted employees and a lack of comradery. These are significant factors – so why don’t more organizations devote time to developing clear purpose and values? Well, developing organizational purpose is no easy task, and much of it starts with your own personal purpose. If you’re unsure of what exactly your own personal purpose is, have no fear – in the next two installments of this blog series, we will offer simple steps to help you uncover your personal and organizational purposes and get closer to leading through the lens of purpose.