Reduce the layers of management. They put distance between the top of an organization and the customers.
Sentiment: NEGATIVE
Give your employees a shot at showing the company a new way, and provide the room for them to chalk up a few small victories. Once they've proved that their idea can work on a limited basis, they can begin to scale it up.
Every company, every boardroom in which I sit, has a plan, and they have objectives, goals, and a process. And to make it work, the pressure and incentive have to come from the top.
Companies cannot really see beyond their current customer base. They explicitly or implicitly do things to protect their current customers. And the last person to want real change is your customer. This is why most new ideas come from small companies that have nothing to lose.
As I said before, a big part of my strategy says - and the management team I think is in agreement with this - we don't have to be out there with a lot of noise all the time. What we need to do is paint a vision for customers, promise them deliverables, and go hit at it.
So in 2000, when we changed the business model and started really focusing on that triangle and putting the customer in the center, we decided we should hold off - we've done enough consolidation; we've got enough critical mass.
The people that you work with, the organizations that are committed to the same objectives. If they know that you're in it together, and you're working towards the same objectives, and you agree on how to do more with less, you can actually have a greater impact.
When a company is facing a problem, it always takes a stance and takes a decision, but at the same time it wants to make sure of what it can learn from it, what enhancements it can make.
Stay externally focused - on your customers - and focus internally when you have to hire.
You have got to have discipline and focus - on the customer and how you run the business.
The key to management is to get rid of the managers.