EP27 How to use your company vision to drive results

In this episode, Mike discusses the importance of having a clear vision for a business and using a structured approach to make it usable. He draws inspiration from Jim Collins' work and emphasizes the need to start with vision before moving on to strategy and planning. Mike explains the three components of a vision: core values, purpose, and a big hairy audacious goal (BHAG). He highlights the significance of authenticity and relevance in defining these components. Mike also emphasizes the need to extract and communicate the vision to align the team and make informed decisions.TakeawaysHaving a clear vision is crucial for the success of a business.A vision should consist of core values, purpose, and a big hairy audacious goal (BHAG).Values should be action-oriented and accompanied by clear explanations of their meaning.Purpose should be authentic and compelling, providing a reason for being.A BHAG should be challenging and guide the long-term direction of the business.It is important to extract and communicate the vision to align the team and make informed decisions.Revisiting the vision periodically can help realign the business and address any deviations.Chapters00:00 Introduction and Importance of Vision03:16 Vision, Strategy, and Planning04:14 Components of a Vision: Core Values05:10 Components of a Vision: Purpose10:33 Components of a Vision: Big Hairy Audacious Goal (BHAG)18:09 Extracting and Communicating the Vision20:04 Revisiting the VisionIf you want to talk about working with me, get in touch on mike@smbmastery.com.au or https://www.linkedin.com/in/mikeadamscott/

Om Podcasten

Building a business is hard. Maintaining healthy relationships with those that you care about is hard. Staying fit and healthy in your body, your mind and your emotions is hard. This podcast is about finding and sharing tools, strategies and experiences that may help you to achieve and maintain moderate success in your life, whatever that means to you. There is a ton of content created by the billionaires, the ultra successful athletes, and by people that are at a level that the vast majority of us will just never get to. And if you're anything like me, you're totally okay with that. This is a place where we talk about how to build a great business, but not necessarily a massive one. A place to talk about how we build a life that is balanced and integrated, but not necessarily optimised to levels that are not realistic for most of us. In short, it's a place where we explore how to be moderately successful. The work will always remain yours, and for the most part, it's simple, but not easy.I sincerely hope it's valuable to you.-MikeIf you want to talk about working with me get in touch on mike@smbmastery.com.au or https://www.linkedin.com/in/mikeadamscott/