Frequently asked questions
Yes. Individual coaching is offered both as a stand alone offering, and in conjunction with the ValueGroove process being adopted by the manager's organization.ValueGroove coaching can help individual managers, from CEOs of small companies to department heads in larger organizations. Coaching helps a manager develop critical skills: strategy, execution, hiring and development, interpersonal effectiveness. Coaching also provides the manager with a thinking partner who can help the manager call a time out from the day to day whirlwind to gain a broader perspective on the critical issues facing the business.
Larger organizations usually have a strategy and some high level goals in place. But often they aren't good at communicating the goals effectively within the organization, or at aligning the goals of divisions, departments, work teams, etc., with the company strategy and goals. Also, many large organizations that do have some kind of management by objectives (MBOs), don’t have a streamlined or automated way of tracking and managing those MBOs. Frequently the MBOs are listed in multiple Excel workbooks, which quickly become unmanageable as the process scales and versions of the workbooks proliferate. Some specific situations in which the ValueGroove Management Process (VMP) might be useful to a large organization:
- A division or business unit head wants to get a better handle on strategy and execution within his or her area.
- The parent company wants to automate its MBO process and leverage it to drive month to month activity.
- A new business unit head has just been hired or promoted, and there is a need to accelerate that person’s strategic thinking and management skills. By implementing the ValueGroove process, that manager will get a practical tool set and a crash course in a proven method for setting strategy, creating goals and plans, executing on those plans, and developing great people.
- A new executive has been hired or promoted to oversee a portfolio of businesses, and needs to get a handle on the key issues facing each business, and to help each businesses put in place a goals and execution process. As noted above, the portfolio manager can also use the VMP to develop new or up and coming managers within the portfolio.
Note that the VMP can add a lot of value to organizations that have been growing via acquisition of multiple smaller companies. Such organizations have to on-board a lot of business managers quickly, may not have a unified management process or tool set for integrating across all businesses, and may experience a period of rapid management turnover.
Smaller companies or non-profits often have needs related to their lack of resources. The management team may be so busy with day to day activities that they find it very difficult to step back from the fray and address some basic managmeent questions, such as:
- How are we doing today: what is working well; where are we stuck; what can we learn from current results that will help us the most going forward?
- Where do we want to be in two or three years, and what are the keys to getting there?
- Given our lack of internal resources, how can we take our vision for the future and turn it into concrete, effective actions, on a weekly basis?
ValueGroove provides a step by step, practical process for answering these questions. Getting shared clarity and buy-in around these questions, and putting in place a basic, non-bureucratic management process, can give smaller organizations a big advantage versus their peers.