The key to success in meeting the challenges of the developmental business in today's volatile global markets is for the boards and executive management to focus on achieving and sustaining balance between day-to-day details of management and strategy focused on the longer term. A candid self-assessment by the board and senior team is an important first step. The next step is a readiness assessment usually involving outsiders to validate the current reality and the readiness of the enterprise and executive management to change. Following the readiness assessment are the various interventions required to achieve the desired outcomes—the intended changes. All of this of course occurs in a context or world of continual change.
Level Three aspires to work with investors, board members and executives who operate from a deeper wisdom and place. We find success at the highest levels is primarily determined by the capacity for self-reflection by the enterprise combined with the ability of executive management to start grounded in reality, to pursue disciplined change supported by extensive leadership.
Pursuing change at deeper levels involves looking at the whole enterprise through the lens of wholeness. All actions and inactions have their effect. Some factors are controllable. Most aren't. The reality is that most enterprises cannot sustain levels of performance that exceed the pace and scale of the market—they are ultimately value destroying. The root cause of the failures and losses is cultural lock-in—the inability to change. Companies that are built to last underperform the market.
Enterprises can be changed. The first step in fundamental change is challenging the assumptions, world-view and mental models of the board and executive management. Next is to shape future actions coherently from the current reality. Finally, there is the essential task of alignment of action and personal accountability for success. Level Three works closely with the board and executive management to determine what has to change and when it has to change. Level Three has the maturity and experience using best of breed technology and best practices to discern and recommend how to achieve the needed results. Level Three works closely with clients to tailor interventions to achieve desired outcomes—tangible and pragmatic results.
Level Three suggests starting with an initial conversation, dialog and assessment of an enterprise and readiness to change encompassing board and executive management alignment on the following:
- Overseeing strategy
- Ensuring effective risk management
- Monitoring corporate performance
- Management – compensation, succession
- Maintaining Board and Corporate values
- Communicating effectively with shareholders, regulators, employees and markets
- Pace and scale of market changes—market, industry, products, enterprise—and the threats they present to the enterprise including timelines, risks, losses and failures.
Please contact Jim Johnson at 775.828.6161 or Bill McCormick at 505.424.8890 for more information and to discuss your specific needs.