By Bill Allen and Dhaval Bhagat
Heading into this next decade, all eyes are on HR to navigate us through the complexities of our post-pandemic reality.
“We have bigger things to do right now than focus on value.”
This is what I have been hearing in many of the conversations I’ve been having with private equity owners and operators in the last while. We live in strange times indeed when value (traditionally expressed as market cap), an all-encompassing indicator of success, takes a back seat.
Do you know what the secret ingredient is in every Mobilization success story?
People are excited about the bold ambition you’ve declared for your company. But is the organization ready and capable of executing your strategic choices?
Ever since my ﬁrst day at work, I’ve been aware of the importance of leadership to making things happen in time. As a Coast Guard line ofﬁcer back in the 1970s, I witnessed the impact of a leader’s decisions in life-and-death scenarios on a daily basis. More than once, I found myself wondering what lives might have been saved if I could have seen the bigger picture sooner and mobilized our team to be a bit sharper, a bit more faster and agile in their responses. For the last three decades, I’ve seen that it’s the same in business.
You’ve got great people—but are you realizing their potential? CEO.works founder Sandy Ogg explains why companies must link talent to value, and what that means for the role of HR.
As CEO, you are the one person who can launch your company’s Mobilization. But moving a great ship of state in a new direction to create and capture value is not a one-person job. Mobilizing an entire company requires more energy than just you alone can provide.
Nowhere are a CEO’s powers of judgment and discernment as important as they are here. Strategic choices are the big bets that will define the future of your company. Carve out a series of choices that the company cannot do in time, given its capabilities and capacity for change, and you set everyone up—including yourself as CEO—to fail.
Data informs decision-making. And now big data is making its way into a domain previously dominated by small data: the search and selection of C-suite talent.
For many employees, distinguishing the signal from the noise can be hard. This year’s initiatives get piled on top of last year’s, today’s executive priorities on top of yesterday’s. If you want to mobilize people to go and capture value, you as CEO have to help them tune into the signal and tune out the noise.