Engine Room Business Innovation

4 Ways to use the Formula for Change

Do you like formulas?  

My mission is to transform the way you think — to transform your mindset around many factors, including understanding the ‘formula’ for change.

“Education is not the learning of facts, but the training of the mind to think.”  Albert Einstein

I love mathematical formulas – as they can reliably provide accurate answers to complex problems.

However, unlike engineering (my first career), there are few eloquent formulas or algorithms for helping to grow a successful business.  Why?  Because growing a successful business involves leading, growing, developing and motivating teams of people; and the complexities of human behaviour are currently too complex to describe in formulas or algorithms.

However, I do like the ‘formula’ below for facilitating change within a business: 

V x D + FS > R = C

Where V = Vision, D = Dissatisfaction with the Status Quo, FS = First Steps, R = Resistance and C = Change.

In a fast-changing world, there is a growing need for businesses to have Change Leaders that understand the change ‘formula’.

Leading Change is a key focus of the Leadership Acceleration Program.

So, what type of program is the Leadership Acceleration Program (LAP)?

It is a program that equips you to build a high performing leadership team.

Today, I want to share 4 areas that you can impact today.

Let’s dive in…

4 KEY AREAS YOU CAN IMPACT TODAY

#1) What You Believe: Making changes is difficult, frustrating and exhausting.  Your conversation strongly influences your thinking – so start telling yourself and others that “making changes is challenging, exciting and rewarding.”  

#2) How You Plan: By using the change ‘formula’ we contemplate: 

  • What is the one most important Change that I want to make to the business?
  • Write down the “Why?” – document your Dissatisfaction with the status quo – the current situation.
  • Consider your Vision for the future ‘ideal state’ and document it. 
  • Set a SMART* Goal that if delivered will place you in the future ‘ideal state’ you have identified.  *Specific, Measurable, Achievable, Realistic & Timely.
  • Develop a timeline and establish milestones.  A method for establishing milestones is to set one halfway to the end goal date, halve it again, and keep halving until you have a milestone for tomorrow – this brings clearly into focus your First Step.
  • Now contemplate the possible Resistance that your plan might receive from the ’stakeholders’ involved.  Don’t make them ‘wrong’ for their resistance, just contemplate that they are currently lacking the motivation … which you can deliver with the right communication.

#3) How You Communicate: You need to take your audience (stakeholders), particularly those that might resist the change, on a journey.  You need to tell them your ‘story’.  Explain the WHY, WHAT, HOW and WHEN of your proposed Change initiative.  Be calm, be patient, be understanding, be confident, be persistent. If resistance emerges, then return to the WHY and unpack the rationale until acceptance begins to emerge.

#4) Your Community: The people you spend time with shape who you are and what you do. At one end of the spectrum, you only hang out with colleagues and friends that are stuck because leading change is too complex and/or difficult. At the other end of the spectrum, you spend time with people who are keen to understand and master the complexity of change leadership.

Where can you improve? What would it take to improve?

JOIN MY LEADERSHIP ACCELERATION PROGRAM

If you want my teaching and coaching for developing a high performing leadership team then join me on the Leadership Acceleration Program.

This program is the culmination from observing, coaching, facilitating, and mentoring thousands of business owners and senior managers, and then deep diving into research to develop a unique program.

** Join me for a complimentary virtual session to learn a key concept on how to drive a high performing team – click here  to register.

By Glenn Taylor

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