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Winning Companies: Winning People, The differing
approaches of winners and losers
By Professor
Colin Coulson-Thomas
A management revolution is boosting the achievements of average
performers and facilitating the flow of work and opportunities around
the globe. Pioneers are building critical success factors into the processes
for key activities and adopting cost effective ways of helping people
to emulate the winning ways of high performing superstars. Workgroup productivity
and corporate performance are being transformed to deliver both commercial
success for organisations and personal satisfaction for individuals.
Have you ever wondered why some people and groups are so much more effective
than others at undertaking equivalent tasks in similar circumstances?
In many sectors leading competitors have similar offerings, adopt prevailing
technologies and systems, recruit from the major business schools, fall
for current management fads and employ the same professional firms. Yet
examine a particular area of operation and huge variations of performance
are evident. Why is this? Do certain critical success factors explain
the differences? What is it that high performers do differently?
The Winning Companies: Winning People research programme examines practices
in areas critical to corporate success such as competitive bidding, building
customer relationships, pricing, purchasing and creating and exploiting
know-how. Studies rank participant’s attainments in relation to
outcomes achieved from the most to the least successful. The approaches
of high and low achievers – for example, those in the top and bottom
quartiles of accomplishment – are then compared to isolate critical
success factors that explain the differences of attainment.
In total, over 4,000 organisations from smaller firms to major corporations
have participated in the research programme. Some 2,000 of these have
contributed to particular exercises to identify critical success factors
for key business development activities. The findings are remarkably consistent
across sectors, corporate nationalities and different sizes of organisation.
Critical success factors have been identified for a range of important
corporate activities. Because most of them are attitudinal and behavioural
the investigating teams have also distinguished the approaches of high
performers or winners from those of low achieving losers. The findings
across the full programme of studies and areas as varied as understanding
the business environment, visioning and corporate learning to creating
an effective board and establishing an entrepreneurial culture are now
summarised for the first time in a new book: ‘Winning Companies:
Winning People’*.
Overall, the findings and winner-loser comparisons are intriguing. Companies
that excel at certain activities usually perform badly at others. If this
were not so and particular companies practiced successful approaches across
the board to a greater extent than competitors, market leaders would become
much more dominant than is currently the case. Were most companies to
adopt winning ways then overall productivity would increase by an unprecedented
amount.
Getting down to the level of individual activities reveals many surprises.
Groups in smaller businesses with limited funds, less advanced technologies
and inferior offerings sometimes do better than their peers in better
endowed companies. The back office processes and practices of one superstar
performer were archaic compared with the competitors it routed in the
marketplace. Quite simply it excelled at critical success factors for
building relationships with high value customers.
A disturbing aspect of the findings is the massive expenditure of money
and management time on people, activities, technologies and widely adopted
fads that do not relate to critical success factors for competing and
winning. Almost every company visited during the research programme was
found to be devoting considerable resources to similar initiatives that
would make little if any difference to outcomes achieved in areas covered
by the investigation.
The offerings of some global providers of business services appear to
be counter productive in that they entrench losing behaviours. The reason
for this paradox is that many of the companies examined and those who
supply them do not appear to be aware of either the critical success factors
for certain activities or successful approaches to them. Most companies
are poor judges of their relative performance in the areas examined and
unaware of the reasons why they are not more successful.
Most companies also lack awareness of both who their superstars are and
relatively simple and cost effective ways of enabling others to emulate
the achievements of high performers. The various studies within the research
programme suggest a relatively small proportion of people excel at the
activities examined, while there is a long tail of barely adequate performance.
Yet often the more able are found to be engaged on similar tasks to those
occupying less competent colleagues.
Training and development activities invariably focus on what people are
not good at rather than enable them to achieve more in the areas in which
they excel. People are encouraged to address weaknesses and concentrate
upon activities they do not enjoy rather than build upon their strengths
and do what they enjoy doing and do best.
In many companies potential high achievers are held back by corporate
procedures and processes that do not incorporate critical success factors
and winning approaches that have been identified by the investigating
teams. Company wide training and standardisation programmes often force
the adoption of corporate practices by certain people whose own approaches
would have been more successful. Invariably someone has a better way of
operating than the approach suggested in the corporate manual.
If one took a mid point in the range of outcomes achieved across the various
studies as the dividing line between winners and losers most workgroups
would be losers. Sometimes two thirds of survey participants would fall
into the loser category on this basis. People who describe their jobs
as winning business actually spend most of their time losing business,
for example working on proposals that are subsequently rejected. There
is a huge opportunity for improvement across the board.
Even high performers could do so much better. In relation to competitive
bidding the superstars in the top quartile of achievement are only very
effective at less than half of the identified critical success factors.
The findings suggest every company participating in the research programme
could significantly boost its overall performance by building more critical
success factors into certain processes and adopting more winning approaches
in areas of relative under achievement.
Many under achievers are not dissatisfied with their performance as they
are unaware of what could be done differently to obtain better results.
The Winning Companies: Winning People investigation represents a ‘good
news’ story for those who would like to raise their game. Critical
success factors for important areas such as winning new and repeat business
have now been identified, and because most of them are attitudinal and
behavioural they can be quickly adopted.
It is also encouraging that winning and losing approaches can be so clearly
distinguished. The former can be emulated and the latter avoided. The
core research data bases have been constructed so that in addition to
the guidance available in the new ‘Winning Companies: Winning People’
book and individual critical success factor reports bespoke benchmarking
reports can be generated that offer comparison with average and high performers
and highlight areas to concentrate upon to match the achievements of superstars.
Individuals and organisations can increasingly decide to remain or become
a winner or a loser. Go for it!
© Colin Coulson-Thomas, 2006
Professor Colin Coulson-Thomas |
About the Author: Colin Coulson-Thomas
is Professor of Direction and Leadership at Lincoln Business School
of the University of Lincoln and leader of the Winning Companies:
Winning People Research and Best Practice Programme. He has helped
over 100 companies to improve director, board and/or corporate performance,
reviewed the business development processes and practices of over
100 companies and spoken at over 200 national, international and
corporate events in some 30 countries. Colin can be contacted:
Tel: 01733 361 149
Fax: 01733 361 459
Email: colinct@tiscali.co.uk
Web: www.coulson-thomas.com
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Winning
Companies: Winning People
Winning Companies: Winning People, The differing approaches of winners
and losers’ by Colin Coulson-Thomas. New book shows how average
performers can become superstars.
Average performers can be helped to adopt the winning ways of high
performing superstars. Workgroup productivity and corporate performance
can be transformed to deliver commercial success for organisations
and personal satisfaction for individuals. A new book ‘Winning
Companies: Winning People’ by Colin Coulson-Thomas shows how.
Find
out more about the book in our online store. |
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