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Fast-Cycle Executive Forum : The Strategic Leverage of Management Peer-Groups

By Paul Gromball - CEO at TMG Munich

March 10, 2011 at 5:03am

Moonshots

Retool management for an open and borderless world

Summary

An Fast-cycle Executive Forum is a group 6-10 ‘like minded’ executives from different functions/regions of the company who convene once a week in a ‘virtual round table’ collaboration format to solve business challenges real-time through peer to peer dialogue based on the software platform strategicfrontend.com. During these sessions an "virtual expert" is "pluged-in" to address the group for one hour with relevant topics that help improve business i.e. portfolio management, market strategy, scorecarding, sales optimization, etc. The second hour is spent in peer-group dialogue where the forum members discuss their own business challenges with each other under the auspices and moderation of the forum chairperson. A weakness of one executive may be the strength of another, so solutions are often reached organically through these discussions especially when the group develops a rapport with each other over time.

Fast-cycle Forum membership also includes monthly 1-on-1 online coaching sessions for each member, where they can engage with a the forum chair person on specific personal and business topics. The goal of the online coaching session is to discuss key challenges and objectives, brainstorm solutions and define step-by-step action plans for achieving results. The combination of Executive Forums and Business Coaching on a weekly/monthly basis over time inspires members to learn from each other, to creatively solve both business and personal issues and ultimately become better business leaders who outthink and outperform the global competition.

Problem

Mike Richardson: “The reason that sophisticated tools of forecasting and business analysis, as well as elegant strategic plans, usually fail to produce dramatic breakthroughs in managing a business - they are all designed to handle the sort of complexity in which there are many variables: detail complexity. But there are two types of complexity. The second type is dynamic complexity, situations where cause and effect are subtle and where the effects over time of interventions are not obvious. Conventional forecasting, planning and analysis methods are not equipped to deal with dynamic complexity. Unfortunately, most “systems analyses” focus on detail complexity not dynamic complexity. For most people “systems thinking” means “fighting complexity with complexity”, devising increasingly complex (we should really say “detailed”) solutions to increasingly “complex” problems. In fact, this is the antithesis of real systems thinking”.

"This is our challenge – to be keeping up with the traffic of dynamic complexity in our lives – the increasing volume of traffic; the changing nature of the traffic; the increasing revs and speed of that traffic. To prevent traffic-jams, we need to be keeping up in evolving our traffic infrastructure, bringing our mastery of dynamic conditions and dynamic complexity to the same level as our mastery of static conditions and detail complexity."

Solution

1. Get Online-Access to Your Management Peers By joining the Fast-Cycle Executive Forums members will their own , one of a kind, mastermind group. Members will be able to talk through new ideas to spot loopholes and clarify their thinking. they will even get more and even better ideas to supplement their own. the process of “executive online-dialogue” is fast becoming one of the most popular ways of executive improvement world-wide. The forum gives members access and exposure to a peer-group of up to 10 'like-minded' company executives from different functions who face the same business challenges . These executives come together once a week to share ideas, and discuss challenges that are either affecting their business area, or the entire company. Over time, members of the forum begin to develop deep rapport with each as many business solutions come to fruition. 2. Meet Your Forum Members Once a Week The forum program is designed to provide an executive with on-going leadership training and education. Each member walks away from the forum with practical action steps for improving their leadership abilities with constant accountability checks from the peer-group and chair. 3. Expert Speakers Share Their Knowledge Experts who inspire and share knowledge across our network of Executives and CEOs. Our clients thrive on these exciting presentations and lectures leaving them feeling motivated and empowered to drive their companies to the next level. Topics of discussion include: a.) Market Strategy b.) Portfolio Upgrading c.) Open Innovation d.) Project Management e.) Customer Management f.) Performance Management g.) Strategic Controlling 4.Freedom to Express Yourself The trusted and confidential nature of the forum will allow members to express their thoughts and ideas with complete piece of mind. 5.Monthly 1-on-1 online-Coaching Sessions A Fast-Cycle Forum Chair is a master of identifying and exploiting Leverage in the management process with the goal of improving the bottom line. Every month the chair will meet with a member online for a two-hour coaching session. This is the opportunity to discuss your key challenges and objectives, brainstorm solutions and define step-by-step action plans for achieving fast-cycle results. The chair will serve as a coach and sounding board, giving the member the leverage and impetus he needs for achieving greater results, faster. 6.Tap Into a Global Network of Executives Becoming a Fast-Cycle Forum Member means you have access to a broader community of business leaders. The Global Company Network provides members with the opportunity to exchange ideas and best practices with members outside their group.

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July 11, 2013 at 12:08am

Pawell Brooks

When we are in an organization then we need to organize properly about the things and strategic leverage of management peer groups and people in order to create a positive environment at the work place we need to provide an executive coaching which will create a positive work atmosphere and will help in maintaining a great environment, we should avoid negativity and gossip as these can affect our organization, we should always focus on constructive feedback and always try to build this with the help of coaching.
http://www.reginafasold.com/executive-coaching.php