Becoming a Top Performing Company as
measured in the 2005 Brokerage Performance Report, is a long term
proposition and achieved by design and planning. It does not just
occur. Certain steps are considered and implemented by really great
companies over time. Cultures change, people change, services improve
and we hopefully create an environment that attracts other good
people and customers. Abraham Lincoln once said; “If I had
8 hours to chop down a tree I would spend 6 sharpening my ax!”
Perhaps there is a lesson here. The Top Performing Companies seem
to think so. Great companies, be they large publicly traded ones
like General Electric, Microsoft, Starbucks, Google or others as
well as our own brokerage companies seem to exhibit some common
characteristics.
First, these companies all have a vision of where they are headed
and that vision is clearly communicated to all who are part of the
company including the customers that have been served along the
way. As in the book “Good to Great” by Jim Collins,
you perpetuate the direction of the company by constantly describing
where you are heading, when you are going to get there and what
to expect along the way. Getting the right people on the bus is
paramount to the execution of the vision since we can not do it
alone.
In discussing how some of the brokerage companies achieved performance
improvement over the past few years those contacted who had participated
in the Brokerage Performance Report indicated that they had established
a clear and vivid vision of what they wanted their company to look
like and this had been well communicated to the agents and management
as well as customer so that all were pulling in the same direction.
This was not achieved overnight or in a year. One company shared
part of their vision as being to increase their overall performance
to 36/36. That is to say that they wanted their per person productivity
to average 36 closed units per person by the end of the 36th month.
This company has already increased performance to the mid 20’s
from the mid-teens. They have clearly communicated this expectation
to their managers and agents. They believe it can be accomplished
and are working with their staff to make it happen. They have everyone
going the right direction.
This same company has established recruiting and training systems
where the vision is further communicated so that all who join the
company know from the interview stage and system through training
what the expectations of them are. Everyone is on the same bus and
everyone knows where the bus is heading.
As we engage in the active process of recruiting are we doing so
with a system? Are we consistent in our delivery of information
and in seeking information from prospective new agents, whether
newly licensed or experienced? Being consistent in the process through
a system permits the act of accountability. If we have trained our
managers on how to interview and recruit by using a specific system
and being consistent in the delivery then we have created an environment
in which we can hold them accountable for their actions…or
in-actions. If there are 30 students in your History 101 class there
are not 30 different programs for each. There is the same presentation
and expectations for all and that is the basis on which grades are
given. Shouldn’t we do the same thing in our business?
Just as the professor presented her expectations to the History
class on the first day of school all 30 students were very clear
as to how they would be graded, when term papers were due and exams
given. This did not happen part way through the semester. By informing
perspective agents what our expectations are on day one it makes
our task of holding them accountable that much easier. If this is
an integral part of the recruiting system then it makes the job
easier in holding our managers accountable as well.
Whether or not I buy a tall latte at Starbucks in Los Angeles or
Kansas City I walk in with certain expectations. I do not get disappointed
because they use the same system and deliver it consistently. The
same can be said for many other products and services and companies
like McDonalds have been built around this premise. Good companies
do not leave the delivery of their products and services to chance.
Take a look at the expectations created in your company vision.
Are they clear and concise and well communicated? Have they become
a consistent part of your training program and other systems such
as marketing, transaction processing, advertising and even accounting?
Managing and coaching toward these expectations can bring better
results, raise the performance bar and keep everyone focused on
the journey of the company.
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