Nine Cultures That Exist in Corporate AmericaAugust 17, 2022
The Secret Weapon Behind Companies “Built to Last”October 25, 2022
When problems arise in the day-to-day operations of a company, who is there to fix them? Does the owner or CEO have to drop what he is doing to solve the problem, whether it be supply chain or personnel issues, a bad quarterly earnings report, or an information request from a government agency that will be reported in the media?
Well, in some industries, like construction, the owner or CEO frequently gets involved in resolving many issues that competent people at the organization’s lower levels can handle.
However, more progressive companies recognize the need to develop a group of executives, a CORE Team, to assist the owner/CEO resolve issues affecting the company’s operational productivity.
What Is a Core Team?
A Core Team is a group of people from throughout the company who are tasked with handling operational challenges that arise in the daily business activity of the company. Depending on the company’s size, the Core Team can have as few as six members or as many as 30.
As a result, it frees the company’s senior executives from the daily grind of a business. Instead, they can devote more time to focus on the future and overall corporate strategy.
In addition, this model provides for the development of future leaders of the company.
Senior managers pick high-potential people for the Core Team. This is not a matter of taking these junior employees and letting them “sink or swim.” Senior executives train and mentor those who are selected. They get to see the company’s good, bad, and ugly sides.
Senior executives learn to “let it go” by trusting the Core Team to make the right decisions.
If it works properly, the Core Team will improve operational productivity.
And when you improve operational productivity, you’re automatically improving the bottom line.
Jesus (Jes) Vargas is the Principal at DPMG Corp in Sacramento, CA. Jes and his team consult, coach, and mentor business leaders in strategic planning, leadership development, and project management. If you are concerned about the culture in your company, Jes can help you create a new one or improve the one you have. Contact us today!