Wednesday, June 16, 2010

When Web Advertising Doesn't Work

Microsoft Sharepoint being advertised (I had to look twice) under the header "How Brilliant Ideas Destroy Companies". That's ironic. And kind of humorous!

Friday, June 4, 2010

Role of the Owner vs. Role of the CEO

Value = Profit that is Sustainable and Transferable.

Ask any private business owner what they want from their business and almost every one of them will tell you: "I want to maximize value.".  Then watch what they do on a day to day business.

Fight fires. Run the day to day.

In the model above, the business owner is the one responsible for the V - Value side of the equation. The CEO is responsible for the Pst side - profits that are sustainable and transferable.

The first is a strategic role. The second is a tactical, operating role.

So what happens when the owner and the CEO is the same person - something that is very common in private businesses?

What I see almost every time is that the value side gets forgotten over and over and over. Firefighting is envigorating, challenging, important. It overwhelms everything else.

When times are good, being the CEO is being the hero.

When times are bad being the CEO means being too busy manning the liferafts and avoding ice bergs.


"Naw. That's something to think about when times get better."

To create sustainable, transferable value the Owner/CEO must be an owner first - and a CEO second.

Being an owner first means having a clear picture of what drives sustainable, transferable value and getting a plan in place to build it, maintain it, and ultimately monetize it.

Being an owner first means being held accountable as the CEO to execute the value building plan - or to get out of the way and let someone better suited do the job.

 The Boardroom Metrics Chairman's View system makes it simpler for owners to be owners. First, it provides a snapshot on a company's value. Second, it highlights the gaps/opportunities - in a dashboard fashion - where value creating work is required. Third, it introduces a professional chairman - someone who spends a few hours a month holding the owner, and the CEO accountable for doing their roles properly.

Most owners want to maximize the value of their business. Too many are spending their time as CEO's.  The Boardroom Metrics Chairman's View System can help turn that around.

Tuesday, June 1, 2010

Boardroom Metrics Announces New Services, Web Site

Every business has to evolve with the times and the opportunities that are put in front of it. Boardroom Metrics is doing that.

First, we have expanded our geographic service offering beyond Toronto to include Ottawa and Montreal.

Second, we are providing new advisory expertise in employee health and well-being, and corporate learning and training.

Employee health and well-being is rapidly becoming a top priority for all forward thinking organizations. Linking employee health and well-being with corporate performance – not just benefits cost containment - is an important competitive advantage we believe our clients are going to be increasingly interested in.

Corporate learning is another rapidly evolving field. The days of standing up in front of 200 people and ‘teaching’ them are gone – thanks to much better insight on how people learn and rapidly advancing technology – whether it be in the classroom or on a Blackberry. Again, our intent is to help our clients more clearly make the connection between learning, training strategy, training execution and significant improvements in corporate performance.

Third, we have expanded our tools offering to include the Chairman’s View System.

Chairman’s View enables private business owners who are committed to transferring their businesses in some fashion down the road, to measure, visualize and increase the sustainable and transferable value in their businesses.

Most private businesses owners in the US and Canada intend to transfer their businesses to new ownership in some fashion over the next ten years. Unfortunately, a large majority won’t come close to receiving the value they anticipate unless their focus changes from day to day management to sustainable value creation.

Fourth, we have significantly upgraded our interim management capabilities. The goal of our ‘Accomplished Executives’ program is two-fold:
  • First – to provide a comprehensive marketing umbrella so that senior, experienced management talent can be promoted and become known and findable to the broad, business market place.
  • Second – to seamlessly provide outstanding talent in conjunction with our advisory and tools practices to clients requiring short or long term executive support – whether it be for advisory, professional Chairman, senior executive or specialist roles.
Fifth, we have launched a new website that describes our services in more detail and encourages prospective clients and accomplished executive talent to start a dialogue with us.

All of us at Boardroom Metrics are passionate about business and in that regard we hold some simple but clear beliefs.
  • EVERY business has the potential to be a spectacular success.
  • NO business succeeds without strong leadership.
  • PEOPLE are the only competitive advantage that can’t be duplicated.
If you’re interested in spectacular success and looking for a passionate, skilled and experienced partner we would love to work with you.

Jim Crocker, CEO

Leadership Smeadership

Okay. I know it’s a settings thing. Sometime, a long, long time ago – probably when leadership was being invented – I must have indicat...