Digital Operating Rhythm eBook (Spring22) Every business has an operating rhythm. Is yours as fast as you need it to be? Iterate, align and drive strategy execution faster An introduction to getting aligned and driving accountability with a Digital Operating Rhythm Welcome Every business has an operating rhythm It may not be intentional, and it may not be efficient, but it has one. It has a method for describing its strategy and driving progress toward it. Maybe a retreat for the executive team, an expensive consultant that creates the strategy, and a series of townhalls, followed by – usually – a series of activities to get the org aligned on that strategy. Monthly business reviews (MBRs), ops reviews, monthly status reporting, weekly status reporting, and an army of slide and dashboard creators. Those were all parts of the operating rhythm. For most companies, it is people fueled and very labor intensive. The problem with that, of course, is it’s an extraordinary amount of effort to pull everyone into the meeting, to prepare the materials for it – and by the time we get to the meeting, the facts on the slides are outdated and out of phase. Meetings are the only way to get strategy execution information, but that information isn’t reliable so decisions are delayed or compromised. Now – the transition to a digital operating rhythm is an opportunity to get all the benefits that a smart operating rhythm has to offer. And those benefits across the enterprise are: everyone is clear on the strategy every team’s efforts drive strategy execution we’re driving forward faster we know exactly what we are trying to achieve and how much progress we’ve made the facts on strategy execution and issues are always accessible To get those benefits, we need to shift away from a people-driven meetings intensive approach to a more systemic, data-driven, and transparent way of connecting strategy to the operation and getting accountability for outcomes. What’s Inside? In this eBook we will: Provide common language and framework to define The Operating Rhythm Outline the importance of Alignment and Accountability for accelerating strategy execution and provide practical considerations Self assess the opportunities in your business to implement a Digital Operating Rhythm to drive faster strategy execution A common language and framework to define The Operating Rhythm The Operating Rhythm An organization's operating rhythm is how it aligns and drives execution of its strategy. An effective operating rhythm ensures clear, continuous linkage between the strategy and execution, and provides stakeholders at every level with facts to optimize and accelerate decisions that drive strategy achievement. The cycle is a set of related loops: Annual strategy refresh, alignment on which part of the strategy to execute in a quarter, monthly reviews to identify and address friction, and the weeklies that focus efforts to de-risk and optimize results. A robust Digital Operating Rhythm improves the odds of achieving the strategy Alignment without accountability is all pain no gain; accountability without alignment is impossible. A great operating rhythm accelerates strategy achievement. As markets accelerate and strategies get bolder, executives are re-thinking the rhythm of their business. They’re questioning the efficacy, latency, and cost of their operating rhythm and its ability to deliver the speed they need. Is your operating rhythm as effective and fast as it needs to be? The importance of Alignment and Accountability for accelerating strategy execution To execute on the strategy, you need everyone aligned on it To execute fast and well, you need high accountability and ownership across the org WorkBoard Growth Index Companies benchmark data for 2021 compared index companies to their 5 closest competitors. FTE savings based on 10,000-person company based on automated business review preparation and streamlined MBRs Self assess the opportunities in your business to implement a Digital Operating Rhythm to drive faster strategy execution Quick Diagnostic Which operating rhythm challenges do you have? Is it ineffective? The latest people survey showed ~40% of people don’t understand the strategy and how their work impacts it In virtually every business review execs debate information integrity, and decisions are slower than ideal Is it too slow? There is no single source of truth on the strategic plan, and the plan of record is stale compared to current execution drivers There is no fast, efficient method to iterate on strategic priorities every quarter and get every team aligned Is it too expensive? It takes people 40 hours or more to prepare for business reviews, and meetings are the only way to get information You have headcount dedicated to building dashboards for ops reviews and progress to plan Select your company size to discover potential ROI 5,000 employees 10,000 employees 20,000 employees Increase your capacity to execute strategy by 45% and re-deploy $15M in headcount to its achievement, with a Digital Operating Rhythm Schedule a call Increase your capacity to execute strategy by 45% and re-deploy $30M in headcount to its achievement, with a Digital Operating Rhythm Schedule a call Increase your capacity to execute strategy by 45% and re-deploy $60M in headcount to its achievement, with a Digital Operating Rhythm Schedule a call The world’s largest and fastest companies use WorkBoard for their digital operating rhythm to execute bold strategies faster AstraZeneca, Ford, Humana, Microsoft, T-Mobile, VMware and many more organizations align objectives, simplify business reviews and scorecards, focus weeklies, and leverage analytics with WorkBoard so the rhythm of their business is faster, smarter and more fulfilling for everyone. In WorkBoard, the strategy and execution priorities are digital, so they flow automatically into business reviews and weekly status to accelerate decisions, drive focus, and improve accountability. Align Objectives in WorkBoard Busienss Review in WorkBoard Watch Microsoft GM, John Nisi demonstrate of WorkBoard helps drive faster strategy execution
