70% of companies fall short of their business goals annually. A key reason? They fail to effectively integrate the management of processes and leading people.
The article “The Value of Managing Process and People as One” by Shannon Gabriel and Ranjith Rajendran emphasizes the critical interconnection between process management and leading people in achieving business success. It highlights the common pitfalls that portfolio companies face when these two elements are treated as separate entities, leading to significant failures in executing value creation goals.
What you will understand after reading:
- Symbiotic Relationship: Process and people are deeply intertwined. Companies often fail to recognize this, resulting in job mismatches that negatively impact customer satisfaction and overall performance.
- Balanced Management: Identifying whether there is an issue with managing processes or leading people is crucial. Many organizations struggle more with people management, which can hinder effective execution of plans.
- Strengthening People Management: Successful projects require leaders who understand both the strategic and operational aspects, ensuring that team members are engaged and aware of their contributions to the overall mission.
- Common Breakdowns: Frequent issues such as incomplete leadership skillsets, reactive “firefighting” approaches, and the failure to secure early buy-in from team members will result in lack luster performance.
- Path to Improvement: Enhance your management strategies by clarifying leadership roles, fostering accountability, and ensuring employees understand the personal benefits of their contributions.
- Maximizing Returns: For private equity firms, seamlessly integrating process and people management is crucial for enhancing investment returns and boosting operational efficiency. A unified strategy can drive better performance outcomes.
Complete the form and download the article to get practical strategies for strengthening your portco leadership approach, enhancing employee engagement, and ensuring your portco’s process and people work together seamlessly for superior results.
