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The Top Key Elements of a Healthy Company

Never underestimate the power of a small group of committed people to change the world. In fact, it is the only thing that ever has. – Margaret Mead

Margaret Mead’s quote has always resonated with me. I’ve worked for small entrepreneurial companies where the leadership teams are dedicated to each other, the company, and the people they serve. When the backbone of the organization has that level of commitment, the potential is limitless. In my 30+ years implementing business applications for companies of all sizes, enterprises that are the healthiest, have the following ingredients in common:

Unwavering Vision

All healthy organizations have leadership teams aligned around the company’s vision. They hire and fire employees based around the company’s core values, which ensure all members fit within the culture of the company. When members share the vision of the company and embody its core values, this always translates to increased revenue.

A number of years ago, I had an opportunity to execute business solutions for The Pampered Chef, a direct selling company. The founder, Doris Christopher, designed her business around the idea of bringing families together during meal time – giving them tools that were simple quality kitchen devices, and made meal time preparation easy and fun.

Her story was the catalyst that attracted an A+ leadership team and thousands of sales consultants who were purely aligned with her unwavering vision – and the core values were at the center of her organization’s success.

The team believed in something bigger, and used laser focus to accomplish the task. As a result, all members of the company united for a common purpose: To execute the vision and deliver the product in a quality way.

Measured Success and Communication

Measured success and communication work in tandem to ensure the company’s effectiveness. Pampered Chef had a leadership team in place that gathered weekly to share the numbers openly.

The company went through a hyper-growth stage – exploding from 30 million to nearly 800 million dollars in annual revenue. Part of their hyper-growth is credited to their system for measuring and communicating results. The ability to use the information to implement necessary changes was the key to Pampered Chef’s healthy growth.

Effective Problem Solving Methods

Healthy leadership teams trust one another enough to have conflict, because they have developed a process to resolve their issues in a timely manner for the long-term greater good of the organization.

A healthy leadership team dedicates 45-60 minutes weekly to focus on the most important issues in the business. In EOS, we use the IDS process to identify, discuss, and solve the problem. It comes down to the weekly meetings, and being brutally honest with each other so the issues are resolved.

The Pampered Chef started from simple beginnings, and I’m honored to have been a first-hand witness to the company’s healthy hyper-growth stage. Entrepreneurial organizations are the backbone of our society, and all successful companies attract employees and customers through communication of its “why” alongside its core values. Remember, one person’s vision has the power to change the world.

In your opinion, what are some other ingredients of a healthy company? I would love for you to share in the comments below.

If you’re interested in how Conrad Business Results can assist your company in growing healthy, please fill out the contact form.

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