Finally, recognition and rewards can play a pivotal role in transforming a company’s culture, said Hart, who noted that companies should be very clear about defining the criteria for recognition. “Let’s say you have pinpointed agility as a value. You need to have a clear behavioral definition of what that means,” he explained. “It can’t be fuzzy and hazy. “
While rewards can range from verbal acknowledgement in a public forum to formal and extrinsic, such as compensation or promotions, they should be frequent and highly visible. “It’s about catching people doing the right things and giving them feedback on a daily or weekly basis,” he said. “It should be bold and obvious: Fred got a bonus because he did this.”
Often, the most effective rewards are not necessarily compensation-related, noted Lazarus, who pointed out that companies should consider what will be most visible to employees. “The next assignment has always worked best in our organization,” she said. “We need to be more thoughtful about putting the people who are really driving change forward for the next new thing, the next sexy assignment. I don’t think anything will inform the organization about our values as [much as] who’s getting the plum assignments.”
Carla Cooper, President & CEO, Daymon Worldwide • J.P. Donlon, Editor-in-Chief, Chief Executive • Mark Dorman, CEO, Wolters Kluwer Law & Business North America • Thomas L. Harrison, Chairman, Diversified Agency Services • Jim Hart, President & CEO, Senn Delaney • Bill Hewitt, CEO Kalido • Surya Kant, President, TCS North America • Shelly Lazarus, Chairman Emeritus, Ogilvy & Mather • Joel Lehman, President, Global Services – Climate Solutions, Ingersoll Rand • Nicholas Pinchuk, Chairman & CEO, Snap-on Tools • Ralph Scozzafava, Chairman & CEO, Furniture Brands International • Rajiv Tandon, CEO, Technosoft Corporation
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
