Mastering the Rockefeller Habits
This morning I had the opportunity to attend the Mastering the Rockefeller Habits workshop facilitated by Verne Harnish at the new St. Regis hotel in Buckhead. Put on by EO Atlanta, the event was over-subscribed and well received. As for the content, Verne does a great job synthesizing ideas from a variety of other well known authors into a cohesive plan for high growth companies to follow.
In the book, the general theme is centered around John D. Rockefeller’s focus on business rhythm, data, and priorities. My takeaway from the event is that when you implement this methodology, the business and corresponding team members have a process to follow that actually eliminates wasteful activities and focuses everything on what is needed to be successful.
In my company, we don’t follow all the steps recommended by the book, but we do do the following:
- One page strategic plan with our mission, vision, values, BHAG, three year goals, annual goals, quarterly goals, and several other pieces of information
- Scoreboard which, for us, is a large LCD TV in our lobby that has a Google Spreadsheet with key performance indicators related to revenue recognition and new customer wins
- Rhythm of meetings with daily check-ins, weekly tacticals, monthly strategics, monthly all-hands, and quarterly off-sites
The book is well worth the time of any entrepreneur serious about building a high growth business.
Quarter by quarter we’ve been implementing more of Verne’s habits and they really make a huge difference. At first it seemed like too big a time commitment, but we’ve seen that having the roadmap and agreed upon processes really does wonders for internal communication, efficiency and morale. Highly recommended.
Ray King
August 2, 2009 at 3:04 pm
We’ve found that once the systems are in place, time is actually freed up. You literally get more productivity with less effort than not having a system in place.
davidcummings
August 2, 2009 at 6:19 pm
[...] recent project has been updating our internal KPI dashboard based on the recommendation in the book Mastering the Rockefeller Habits. Currently, we’re tracking the following on our [...]
KPI Dashboards for High Growth Businesses « Atl Tech Entrepreneur – David Cummings
August 2, 2009 at 6:41 pm
[...] monthly financials review. As part of our rhythm, data, and priorities, using the terminology from Mastering the Rockefeller Habits, we try to have consistent, repeatable processes for everything we do. The monthly financials [...]
Monthly Financials Review « B2B Tech Entrepreneur – David Cummings
September 13, 2009 at 9:58 am
[...] Update our One Page Strategic Plan [...]
End of the Year Planning « B2B Tech Entrepreneur – David Cummings
October 29, 2009 at 1:17 pm
[...] goals. In my company, we set our goals on a quarterly, annual, and three year basis as part of our one page strategic plan. My advice is to do a one page strategic plan, update it quarterly at an off-site, and make it part [...]
Goal Setting « B2B Tech Entrepreneur – David Cummings
November 12, 2009 at 11:35 pm
[...] in your company. Giving thanks, and celebrating, go together and should be part of the company rhythm. Here’s what we do to give thanks and [...]
How Does Your Company Give Thanks « B2B Tech Entrepreneur – David Cummings
November 26, 2009 at 10:27 pm
[...] a comment » We employ many of the strategies from the book Mastering the Rockefeller Habits including the One Page Strategic Plan (OPSP). For this year, and going forward, we decided to [...]
Simplifying the Rockefeller Habits One Page Strategic Plan « B2B Tech Entrepreneur – David Cummings
January 30, 2010 at 9:41 pm
Hello. Fantastic job, if I wasn’t so busy with my school work I read your total site. Thanks!
Edwin Panama
February 4, 2010 at 3:26 am