Have These 5 Foundational Tools? You’re EOS!

By Ken Bogard

Too many owners, executives, and teams are not getting the full benefit of running their organization on EOS®. This is, in large part, due to simply being misinformed. I write this to help the business community get it right.

It’s Not A Strong House Without a Foundation

A few months back, I delivered a presentation on the Entrepreneurial Operating System® to a number of business owners in the Grand Rapids area. After the presentation, an enthusiastic entrepreneur came up to me to share his passion for EOS. He explained he was self-implementing and also using someone who claimed to teach EOS. We were deep in a dialogue around the tools being implemented into his organization over the last 2 years, when I realized he didn’t mention the Accountability Chart.

I asked him, “Do you feel your Accountability Chart is the right structure for your organization?”

He replied, “We haven’t done one yet, but we are thinking about it.”

This man was in need of the truth behind his weak foundation. He is simply missing too much in his organization by not having an organizational structure. I pleaded, “It’s time to work on your Accountability Chart immediately.”

Here was someone claiming to run on EOS without having organizational clarity. He was unclear on his own employee’s roles and responsibilities, and he was lacking a sense of urgency around the importance of an Accountability Chart.

This happens all too often; business owners are blind to the complete picture. The Accountability Chart is one of the five Foundational Tools we implement into our clients’ organizations.  This is accomplished in the first 3 hours of implementation, yet we have a business owner without an Accountability Chart that is two years into what he believes is his company running on EOS. The Accountability Chart is critical to laying the foundation for the rest of the EOS journey. For those that skip any one of the five Foundational Tools, you aren’t actually running on EOS.

5 Foundational EOS Tools

Before you claim your organization is running on EOS, be sure that you have these 5 Foundational Tools implemented:

  1. VTO (Vision/Traction Organizer)™ – This is a two page Strategic Guide that focuses on aligning your entire organization around the answers to 8 questions. What are your Core Values? What is your Core Focus? What is your 10-Year Target? What is your Marketing Strategy? What is your 3-Year Picture? What is your 1-Year Plan? What are your Rocks? What are your Issues?
  2. Accountability Chart – Forget organizational charts! The Accountability Chart defines the right structure for your organization, all the while, having everyone in the organization clear on their roles and responsibilities. This is organizational clarity.
  3. Rocks – Every 90 Days you have Rocks for individuals and the company. Sharing your company’s top priorities for the next 90 Days. Everyone in your company has 1-7 top priorities they are working on over the Quarter.
  4. Meeting Pulse™ – The bulletproof, truth-telling, meetings everyone on EOS is talking about. Your company is running weekly L10 meetings and Quarterly meetings at all levels of the Accountability Chart.
  5. Scorecard – Everyone in the organization has weekly measurables. They are clear on what is expected of them, and what they are to achieve. This should be giving you a pulse on your organization.

 

Here is my plea to you:

It’s time to stop using EOS like a menu at a restaurant.

It’s time to commit to the process fully.

It’s time to get the full value of EOS.

 

Next Steps

About the Author:

Ken Bogard joined Nexus Business Solutions with a background in turnaround management and business leadership. He has over 10 years of management and consultative experience in numerous industries. His “know honesty” approach has delivered significant financial gains, improved leadership collaboration, structured strategic direction, and developed “built-to-last” mentalities within numerous small and medium sized organizations.

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