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CEOs and other top leaders of successful mid-market and larger companies often ask us variations of this question: “How do we keep our company entrepreneurial as we continue to grow?” Perhaps you’ve wondered the same thing. The starting point to answering this question is clarifying what “being entrepreneurial’ means to you and other members of your leadership team.
It’s natural to assume we all mean the same thing when we communicate, and we don’t. “Entrepreneurial” is one of those words. It represents strategic and cultural values that can have a huge impact on everyone’s decisions, expectations, actions, and outcomes. In turn, this can impact attracting and retaining talent, productivity, reputation, and top and bottom-line results.
In this Fan Favorite “Quick Take” episode, We share the story of a top leadership team that ran into a costly and time-consuming challenge when everyone had different definitions for foundational strategic and cultural references related to “being entrepreneurial.” We discuss the critical importance of creating a shared understanding with employees, customers, partners, and other stakeholders about what “being entrepreneurial” really means in your company. Having these conversations regularly can create the focus and energy that can enable your company to continue to maintain the “entrepreneurial spirit” at all stages of the growth journey.
Even if you are clear about what you mean by “being entrepreneurial,” you also need to create a shared understanding with your many stakeholders about what it means. – Pam Harper
This week on Growth Igniters® Radio we discuss:
- The different ways we’ve heard CEOs define the term “entrepreneurial”
- A story about revealing and resolving a disconnect of understanding about “entrepreneurial” in a company’s leadership team
- The strategic importance of seeking alignment around expectations of what “entrepreneurial” means in terms of outcomes
Resources Mentioned:
- How many of your “Conventional” & “Unconventional” Stakeholders do you know? Download Pam Harper & Scott Harper’s Expanding Your Company’s Stakeholder Perspectives Checklist
- Learn more about Pam’s keynote address at Pam Harper Speaks
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