Creating an Entrepreneurial Workplace is the theme of the Leadership Process and Philosophy I developed and teach. I’m going to share with you how, by incorporating this environment, the impact can be millions of dollars, either in revenue, cost savings or both. I believe, even more importantly, it can dramatically change the culture of an organization in an extremely positive way. An Entrepreneurial workplace is one in which your employees feel empowered and take ownership for their piece of the business. I’d like to share an example with you how creating this environment helped one of my clients. This is a very successful company with a strong, loyal culture to begin with. What they found was, by integrating this entrepreneurial philosophy and the processes that go with it, they were able to achieve new heights. They saw the typical benefits most see when leadership embraces an entrepreneurial workplace.
Change Management is one of the biggest challenges for many companies. Their team not only embraced change, they lead the change.
They took on critical company initiatives, developed action plans and executed against those action plans. Let me share my client’s story. They had an out of state satellite facility. The staff at the satellite facility felt they had outgrown their building as the business was growing rapidly and they had run out of space. I began working with this team in 2016.
They went through my series of workshops gaining an understanding of what it meant to create an Entrepreneurial Workplace. The companies Leadership team fully endorsed and supported this process. This satellite facility decided to take on initiatives regarding what to do about their current facility and a possible move to a larger facility.
They looked at everything from space that could be used more efficiently, adding a swing shift, to addressing parking issues. In August of this year, this team presented their initiatives to their leadership team. They shared their recommendations regarding their facility. By using and incorporating what they had learned, they determined they didn’t need a new facility for up to another 5 years.
With minimal capital expenditures, implementing new processes, and using their space to its fullest capabilities, they believed their current facility could fully meet their needs. Aside from the significant upheaval the move would cause for them and their customers, the savings from these initiatives was over seven figures. From a cultural standpoint, the impact was tremendous.
This team came to understand and embrace that they had much more impact of their destiny than they realized. They took ownership and a lot of pride to make the best decision for their company, their customers and themselves. In upcoming blogs, I’ll share more about how this process and philosophy works.