Global Business Archives - Page 3 of 6 - Dr. Ivan Misner®

Culture Eats Strategy For Breakfast

Strategy is often talked about in business schools, in fact it’s a primary focus.  Culture however, is less understood.  Culture involves a variety of contributing factors including a blend of attitudes, beliefs, mission, philosophy, and momentum that help to create and sustain a successful brand.  It represents the vision, norms, symbols, beliefs, behaviors, and traditions that are taught to new members of an organization.  Organizational culture affects the way people within an organization interact with one another and the people they serve.

Culture is key in an organization for long-term success. It is the most important thing in an organization and it applies at all levels, from the top of the organization all the way down.  Rules, regulations, and operating standards are important, of course, because you have to have systems in place to guide activities. But culture is the factor that stands above all others.

There are many factors that go into building an organizational culture.  Each successful company has a different combination of factors that makes their culture successful.  Here are a few that I think are particularly important.

1. Traditions

Traditions help make a company what it is.  They tell the world who they are as an organization.  One way for an organization to maintain and develop its organizational culture and ethos is to introduce and celebrate a variety of traditions.  Disney in particular has been a master of this concept by training all new employees on the traditions of the organization.  Strong traditions that are applied throughout an organization are one of the best ways to maintain a healthy organizational culture.

2. Mission

A burning mission can give laser focus to an organization.  The mission statement needs to be short and memorable. Most importantly, it needs to be a rallying cry for people throughout the organization.  One thing I’ve learned in running a business for almost thirty years is that “ignorance on fire is better than knowledge on ice.”  Getting employees and clients excited about the mission is critical to organizational success.  If the average employee can’t recite your mission – it’s too long. 

3. Engagement

Collaboration encourages engagement.  Get all levels of an organization involved.  In BNI, the global referral network I founded almost 30 years ago, we have focused on getting a high level of engagement at all levels of the company.  This engagement includes a Franchise Advisory Board made up of key franchisees to address organizational challenges, a Founder’s Circle of stake holders to provide direct feedback to management about issues concerning the organization, a Board of Advisors made up exclusively of clients to ensure engagement regarding policies that effect the organization globally, an Executive Council made up of the largest seven master franchisees within the organization, as well as a number of other entities to help ensure full participation at all levels of the organization.  Engagement can be messy, but when done correctly, it encourages a collaborative culture.

4. Recognition

Many years ago, Ken Blanchard got it right in The One Minute Manager.  He said, “catch people doing something right” and recognize them publicly.  Praise in public and re-direct in private.  No truer words have ever been spoken when it comes to building a healthy organizational culture.   Recognize and celebrate successes.  As Blanchard says, if you can’t catch people doing something right – then catch them doing something ‘partially right’ and recognize that.

5. Education

Immerse and engage in a culture of learning.  The more a company can integrate ongoing learning into the organizational ethos, the more likely that company is to stay nimble and prepared for change.  Educating the organization regarding the culture of the company is particularly important to fuel and maintain a great culture.  A great strategy keeps you in the game, however, a great culture helps you win.  Especially important are the traditions and mission of the company. These things need to be part of the ongoing education of all new and existing employees.

Culture is a critical key to organizational success. It is one of the most important things in a company and it applies to all levels, from the top of the organization all the way down. The challenge with culture is that it is illusive.  The best and most scalable culture is one that is managed and maintained by the majority and not by a single policing body or by management alone.

Companies that dominate an industry for a long period of time do so because of a shared vision of organizational culture that is effectively implemented throughout the company.  That shared implementation of the vision is an important key to building a successful organizational culture.  If all the people in an organization row in the same direction in unison, that organization can dominate any industry, in any market, against any competition, at any time.

Implementing a strong organizational strategy can be difficult however, implementing a healthy organizational culture is rare and in my opinion when all is said and done; culture, eats strategy for breakfast any day.

International Networking Week 2018®

Welcome to International Networking Week!

This week marks the 7th annual celebration of International Networking Week which is recognized each year by thousands of people around the world.

International Networking Week is about celebrating the key role that networking plays in the development and success of business around the world.  It is about creating an awareness relating to the process of networking.  Not just any kind of networking, but what I call “relationship networking”–an approach to doing business based on building long-term, successful, genuine relationships with people strategically through the networking process.

International Networking Week has been acknowledged by many governmental organizations (including a joint resolution of the California State Assembly and Senate) and is celebrated in many countries across the globe through .  Start the new year out with more business by using this week to build your networking skills and expand the opportunities within your reach. If you belong to any networking groups, be sure to tell them that this is International Networking Week (Feb. 4-8).

CLICK HERE to view a short video about International Networking Week 2013.  Please feel free to share the video with others and show it at your networking meetings this week.

For more information and a list of worldwide events, please visit www.InternationalNetworkingWeek.com.

So what will you be doing to recognize International Networking Week?   Please share your plans in the comment forum below.

International Networking Week 2018®

Get Ready for International Networking Week 2013!

International Networking Week®  2013 is almost here and with it comes tremendous opportunity for  businesspeople across the globe to grow business through the development  of powerful new connections!

International Networking Week®  is an initiative of BNI® and its focus is to celebrate the key role that networking plays in the  development and successs of business around the world.  It’s about  creating an awareness of the process of networking.  Not just any kind  of networking, but “relationship networking”–an approach to doing  business based on building long-term, successful relationships with  people through the networking process.

Over the past several years, International Networking Week has been  gaining momentum worldwide and for the past few years, the Week has been recognized by  tens of thousands of people around the world and acknowledged by many  governmental agencies and high profile organizations.

The number of people participating in this year’s celebration of International Networking Week®, through hundreds of large events and thousands of smaller events, is expected to be even greater than it was in 2012.

You can join in the celebration of the Week by:

  • Watching the 2013 International Networking Week Video by CLICKING HERE. Please feel free to share the link with everyone in your network and post it on any websites you may have.
  • Visiting www.InternationalNetworkingWeek.com for more information and a list of worldwide events.
  • Participating in this year’s recommended special International Networking Week networking exercise by bringing an individual who has been a significant influence on your business/life to the  networking meeting or event you’ll be attending during International  Networking Week.  For full details, please click on the link below.

SPECIAL NETWORKING EXERCISE–INTERNATIONAL NETWORKING WEEK 2013

How are you planning on celebrating International Networking Week?  I’d love to hear your ideas on additional ways to celebrate this year so please leave your thoughts in the comment forum below.  Thanks!

Movie Producer Barnet Bain: Emotionally-Charged Connections are Crucial to Your Success

Last October, I posted a video I did with referral marketing expert Eddie Esposito on emotionally-charged connections (CLICK HERE to view that video).  On a recent vacation in Bali, I had the opportunity to do this new, five-minute video with movie producer Barnet Bain (producer of the Academy Award winning film “What Dreams May Come”) which is a perfect follow-up video to the one I did previously with Eddie.

Here, Barnet shares his two-step process for unlocking the key to being able to connect emotionally with others in a way that always focuses on helping and supporting them which Bain emphasizes is critical in order for you to succeed in your own business, life, and relationships.

I find this process fascinating and it would be extremely powerful if, after watching the video, you would be willing to share in the comment forum what you learned about yourself upon completing the two-step process and also what you discovered as far as how you might better be able to form emotionally-charged connections with others based on your own unique experience.

To lean more about Barnet Bain, please visit www.BarnetBain.com.

Are You Overlooking the Importance of Storytelling in Business?


When you tell a story, is it compelling?

In this short video, I’m joined by Deanna Tucci-Schmitt, a successful business owner and master networker, who shares the reason why storytelling is such an integral part of business.  She reminds us that stories are much easier to remember than statistics and facts.  When you tell your business’ facts in story form, your “story” is retained, retold, and often referred.

After watching the video, please share how telling some of the key stories about your business has gotten you more business in the past, or how they might possibly help you obtain more business in the future.

International Networking Week Video 2013

The new video for International Networking Week® 2013 has just been released!

This short, 11-minute video, sponsored by the Referral Institute, explains how the week of February 4th-8th, 2013 will bring about great opportunities for businesspeople around the world and increase worldwide awareness about the powerful benefits of business networking. International Networking Week® 2013

2013 will mark the 7th annual celebration of International Networking Week which is now recognized by many countries across the globe, with thousands of events being held during the week. One of the main goals of the week is to help businesspeople everywhere build their networking skills and expand the opportunities within their reach.  In the video, my “Room Full of Referrals” co-authors (Tony Alessandra and Dawn Lyons) offer some very valuable pointers on understanding behavioral profiles in a networking context and where to focus your efforts in order to make the most of International Networking Week.

Take a few minutes to watch the video and share with us here on the blog what you learned.

Andrew Hall’s “Referral Magic”

How specific are you when asking for referrals?  Do you say you want business from “somebody”. . . or “anybody”. . . or do you give the name of the specific person you want to meet?

Joining me in this brief video is Andrew Hall, a master networker based in China. Watch as Andrew tells an engaging story about the importance of being specific, or as he calls it, “Referral Magic.”

After watching the video, please leave your thoughts, comments, and/or feedback in the comment forum below . . . are you now thinking twice about how specific you are when asking for referrals?  Are you going to make a conscious effort to be more specific in your “ask” when asking for referrals in the future, or do you maybe have a tactic for being specific that you can share in order to help others? . . .

Want to Earn More? You Need to Learn More…

It used to surprise me when I heard statistics such as this: 50% of all businesses fail in their first three years.  Now that I’ve been in business for several decades and have seen many entrepreneurs come and go, I’m more surprised that 50% of businesses actually make it past the first three years!

Maybe I’m being a tad harsh . . . but not much.  One thing I’ve learned is that most successful entrepreneurs embrace and engage in a culture of learning in order to excel.  Personal and professional self development is an ongoing journey–not a destination.  It’s always a work in progress.  Often, businesspeople get so caught up working “in” their business that they forget to spend time working “on” their business.  Part of working “on” a business is one’s professional development.

Most entrepreneurs only pay lip service to education (okay, maybe not you since you’re actually taking the time to read a blog post about business but I’m talking about the average entrepreneur).  Ask a number of entrepreneurs and businesspeople if they would be willing to attend a seminar on building their business and three quarters of them will say yes.  However, if you proceed to tell them that the seminar is four weeks from tomorrow at 7 p.m., only a handful of those who initially agreed they would go will actually sign up.

Benjamin Franklin once said, “If a man empties his purse into his head, no one can take it from him.  An investment in knowledge always pays the highest return.”

With that in mind, here’s an action item that will help get you started on the path to immersing and engaging in a culture of learning:

Look at your financials (or checkbook, or credit card statements) for the past year.  Have you invested money into any type of ongoing business education?  If you aren’t “emptying some of your purse into your head,” take a few minutes to think about what you want to learn to help you build your business and then sign up for something this week.

Remember, if you want to earn more, you need to learn more (and reading this blog from time to time won’t hurt either)!

Lastly, share with us something that someone once taught you (something from books and seminars are OK) that helped you in some important way.


Marcia Wieder: Bringing Your Dream & Your Vision for Your Business to Fruition

In this video, I talk to Marcia Wieder, CEO and Founder of Dream University, about the entrepreneurial mindset of having a vision and a dream for a business and how to successfully realize that vision and that dream.  I met Marcia through the Transformational Leadership Council which we are both members of and, let me tell you, Marcia is truly the best of the best of when it comes to understanding this facet of business.

Marcia explains that in business, dreaming is serious business; it’s the driving force for transformation and without vision, many companies fail. Watch the video for key pointers on how to help your business dream/vision come to fruition and to find out how to get three FREE Dream University e-books on the subject.  Be sure to visit www.DreamUniversity.com for more information.

What Should You Bring on a Business Trip?

……………………….

This week I am in Bangkok and Hong Kong speaking to business professionals about networking.  When you travel (especially internationally) it is easy to forget something you really need while you are in meetings or speaking to groups of people.  Last month,  I did an interview with an international magazine on this very topic.  The reporter asked me “what should business people think about taking with them on business trips that they might not normally think about?”

First, I had to give the things that may be obvious but that you don’t want to ever forget.  Things like:

  1. Plenty of business cards.  It is never a good idea to run out of business cards while traveling.  Tuck extras in your suit pockets, wallet/purse, briefcase, luggage, etc.  I put stacks in many places to ensure I always have extra.
  2. A badge.  If you do any networking while traveling on business, have your own professional badge.  Don’t rely on the hosting organization to do your badge and do it right.
  3. Extra pens.  Make sure you have a pen with you while you are doing meetings.  I always find that I need to write some reminders down while I’m talking to people.  It’s troublesome to track down a pen while you are networking.

Somewhat less obvious things

  1. The contact information (or business cards) of all your referral partners.  I sometimes find that having that information at my fingertips allows me to give referrals to people while I’m out networking.
  2. Hand sanitizer.  I know, I’m sounding a little bit like “Mr. Monk” the germ-a-phobe title character of a television series.  However, I have found that since I’ve started using hand sanitizer after shaking many, many hands, that I have been getting far less colds than I used to get.  Just be tactful about the way you use it.  Don’t desperately spray your hands every time you shake someone’s hands or else you will be acting like Monk.
  3. Breath mints.  As obvious as it may sound – I can assure you from experience that many people have no idea they need them!
  4. A memory stick.  Many times I have either needed to get a copy of something OR give a copy of a file or presentation to people while out networking.  Having a memory stick handy has been very helpful on several occasions.
  5. A camera and/or video.  A camera is great if you want to memorialize some occasion or a meeting with someone important to you.  A video is important for anyone that blogs.  It gives you a chance to interview someone during your travels.  I do this almost every time I travel.
  6. Tools for your business.  For me, that includes many copies of my bio for introductions whenever I speak.  Despite the fact that my team sends the bio in advance, there are many times when I arrive and they don’t have the bio handy.  Another tool for me is a PowerPoint remote clicker.  This is really important for me because I don’t want to rely on someone else to move the slides forward as a I present.  Also, that memory stick I mentioned earlier.  I have copies of my talk(s) on there just in case the group I’m speaking to has misplaced my presentation material.

There’s more, but this is a pretty good list.  What do you think is important to bring along with you on business trips?  Share it with us here in the comments section.

Mega Partnering VI Event

I am excited to announce that I will be presenting at the Mega Partnering VI conference (www.MegaPartnering6.com) this year which is taking place in Los Angeles, CA from November 29-December 2.

The event is run by the J.T. Foxx Organization (www.JTFoxx.com) and J.T., whom I’ve gotten to know over the past couple of years, has invited me to give a presentation on how to achieve success through networking.

J.T. (pictured with me below) has a very interesting story as he started investing with nothing more than a rusted-out Ford pick-up truck, $974.00, and one cheap suit.  Now, six years later, he is a serial entrepreneur who has started several multi-million dollar companies internationally and he has become one of the world’s top wealth coaches and a sought after motivational speaker–all this he has done through mastering the art of partnering, branding, networking, and marketing.

Mega Partnering is an independent international organization J.T. Foxx created after watching a 60 Minutes episode  about Davos, applying, and getting turned down when he tried to start his own business.  Not willing to accept rejection, J.T. decided to create his own opportunities for small businesses and he called it “MegaPartnering.”

The conference has since grown to include small entrepreneurs from all over the world and it raises money for charitable initiatives, keeping with the philosophy, “Learn, Earn, Return.”  Mega Partnering attendees have included Apple co-founder Steve Wozniak, former Prime Minister Brian Mulroney, Stedman Graham, and more.

There will be several accomplished entrepreneurs at this year’s event–many of them giving presentations– including Michael Eisner, Kathy Ireland, Eric Trump, John Assaraf, Raymond Aaron, and Mark Victor Hansen, among others.

If you are interested in registering to attend the event or learning more about it or about J.T.,  please CLICK HERE to visit the Mega Partnering website.  I hope to see you at the event in November!

 

 

Does Business Networking Have a Place in Formal Education?

In this short video, presented by Applied Transformation, Inc., Roger Green asks me about my view on the idea that high cost education doesn’t necessarily prepare students for the real world.

In answering him, I talk about my feelings on where business networking fits into the world of formal education and I share some statistics about the true effectiveness of networking which, to me, are mind boggling; I also tell a personal story about having lunch with the Dean of Business at a prominent university and how his words to me speak volumes about the current position business networking holds in the world of higher learning.

What are your personal feelings on where business networking currently fits into, or currently should fit into, the world of formal education?  Did you study business at the university level?  If so, what was your experience?–Did you receive any education about networking while you were working on your degree(s)?  Please share your thoughts/experiences in the comments section.

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