Strategic Time: Are you at 10%?

Strategic Time: Are you at 10%?

How much time do you, as a leader, spend on the strategic work of your business?

Wondering what strategic work is? First, here is what it’s not:

  1. Simply being in a room with your peer leaders and your team leader: Harvard Business Review (Stop Wasting Valuable Time by Michael Mankins) did a study on leadership teams and found 65% of them focused on talking at each other with information and not with each other to solve the biggest issues for the organization.
  2. Building an agenda with what the team wants to talk about: When studying leadership teams and how they structured meetings, the outcome was 3 hours per month spent on strategic issues. Ever been in a meeting where ‘input into your area’ or ‘issues being raised about your team/group’ ended up in you defending your team with the outcome being low trust, no decision, and multiple people leaving feeling like ‘that was a waste of time’? Be honest – given the choice, we build agendas that keep people ‘out of our business’ and don’t invite their input and help.

The solution is actually pretty simple, and yet not easy because too many leadership teams don’t fit the description of healthy (a cohesive, functional, open and honest, fun-loving team that enjoys working together).

Here is what strategic work is:

Weekly

  • Getting into a room each week to do a quick review of the health of the business (metrics and people/customer stories)
  • Providing an open and honest update to peers on the status of the big work for that quarter (we call them Rocks in EOS) and closing the loop on all the things people committed to doing after last week’s meeting
  • Picking 1 to 3 big issues the team feels need to get addressed and fixing them
  • Leaving with a clear idea of things to do, messages to cascade, how effective the meeting was, and what we can do next week to make it more effective

Quarterly

  • Spending a day together reviewing the long-term plan, getting on the same page around the progress to the plan for the year, updating the biggest issues/obstacles/opportunities for the year, putting a new 90-day plan in place for what has to get done, and solving a few big issues
  • Doing a fun activity together where work is NOT the topic, but connecting with each other on a more personal level is

Yearly

  • Getting away to do the quarterly work in a longer term way

It is always about spending time on the important things, and it begins with a commitment to spending 10% of your time being more strategically focused as a team. This quote showed up today in my inbox and I hope it challenges the excuse I hear most often from leaders when I share a picture of strategic time:

“I don’t have the time.” …almost always means, “this is not a priority.”

Seth Godin – sethgodin.com

If your team is spending too little time on strategic stuff or you want to step back and really look at your time, here are two great lenses to help you:

  1. Stop Wasting Valuable Time by Michael C. Mankins
  2. Read pp. 165 – 198 in Traction: Get a Grip On Your Business by Gino Wickman

Time is a gift, so use it for the most important things. I hope this helps start a great conversation with your leadership team.

Listen . . . Lead. Repeat often!

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