Monthly management meetings are a great to pass down the DNA of the CEO.
Spending a few minutes inside one of these meetings can tell you if you are in a great company or just a good one.
In great companies you find a senior team rested and relaxed while the balance of the staff is on fire as they work to capitalize on the ever increasing opportunities facing the business.
This is because the monthly management meetings are a success. They are focused on learning, sharing and problem solving vs. a day of mind-numbing reports.
Middle management need a place to be developed.
Ashiana Housing would be my comparable in India in terms of what they do. While I have a team of 5 they are a team of 480. Can you imagine the spending required to bring in 70 middle management to a monthly management meeting? They are held on Friday night and all day Saturday. Three outcomes took place in the first year.
- Revenue tripled - monthly sales tripled in two months and never looked back since
- Huge time savings - During the meeting there is a show and tell - sharing a best practice from the previous month. One team saved a week in building out a kitchen. The other teams took on the practice - a week improves cash flow and speeds sales.
- Breaking down barriers - forges strong relationships across functions and business operations