In recent weeks, I've spoken with various executives who have moved into new roles.
Here are eight things to consider if you're also starting a new role, or being promoted internally to a leadership position:
1. Understand the Landscape
Spend the initial days understanding the organisation’s culture, structure, and dynamics. Engage in conversations with a diverse range of key stakeholders, including employees, board members, and external partners, to gain insights into the organisation's history, current status, and people’s specific thoughts for the future.
2. Assess the Team
Evaluate the strengths, weaknesses, and potential of your team. This includes direct reports as well as other key personnel. Determine who are the key players and identify any talent gaps that might need addressing, consider the priorities discussed during your interviews. Building strong relationships and trust within your team is important.
3. Review Financials
Conduct a thorough review of the organisation's financial health. Understand the revenue streams, cost structures, profitability, and cash flow. This knowledge is critical for making informed strategic decisions.
4. Set Clear Priorities
Based on your initial assessment, identify and prioritise key initiatives. Focus on some quick wins that can build momentum and demonstrate your commitment to making positive changes. Be mindful of the balance required between these activities and the need for sustainable, long-term planning.
5. Communicate Vision and Strategy
Articulate a clear vision and strategic direction for the organisation. When communicating be clear on how the vision aligns with the company's core values and long-term goals. Effective communication is key to inspiring and aligning the entire organisation; it can unlock fresh ideas and discretionary effort.
6. Build Relationships
Establishing strong relationships with internal and external stakeholders is essential. Networking within the industry, attending relevant events, and engaging with the community can help build a support system and open up new opportunities.
7. Monitor and Adjust
Continuously monitor progress and be prepared to adapt strategies based on feedback and changing circumstances. Flexibility and responsiveness are key to navigating the complexities of a new role.
8. Personal Well-being
Finally, ensure you maintain a healthy work-life balance. The demands of a new executive role can be full on, but taking care of your personal well-being is important for long-term effectiveness and resilience.
During this initial period, the intention is to lay strong foundations by communicating objectives and being approachable.
Feel free to email me to learn more about how you can achieve this.
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