Aligning with Business Goals

Lucrative: Aligning Goals with Business Impact

From the podcast:

If you were the CEO of this company, would you fully fund your own team — Matt LeMay

Why it matters: Setting team goals that are close to company goals helps in aligning efforts with what truly drives business impact. This clarity aids in decision-making and justifying team existence.

Action Step:

1. Identify the company's top three goals.
2. Set your team's goals no more than one step away from these.
3. Communicate these goals to your team for alignment.

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Innovative: Impact First Throughout the Process

From the podcast:

Keep that impactful goal top of mind. — Matt LeMay

Why it matters: Continuously connecting work back to high-impact goals prevents teams from getting lost in the minutiae of tasks, ensuring that all efforts are directed towards achieving meaningful outcomes that matter.

Action Step:

1. Regularly review project objectives.
2. Ask if the current tasks directly contribute to your team's goals.
3. Reteach your team to prioritize impact as you proceed.

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Fun: Celebrate Collaborative Success

From the podcast:

Even if you don't see it right away, no good work is wasted. — Matt LeMay

Why it matters: Recognizing team accomplishments, even minor ones, fosters a positive environment and reinforces the value of each member's contribution, making the journey enjoyable and motivating.

Action Step:

1. Set up a monthly meeting to celebrate achievements.
2. Encourage team members to share their wins.
3. Always reflect on how these wins align with broader goals.

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Easy: Prioritize with Clarity

From the podcast:

What is the most number of users we could convert — Matt LeMay

Why it matters: Using clear metrics for impact estimation when prioritizing tasks allows teams to focus their energy on what truly drives results, enhancing productivity and effectiveness.

Action Step:

1. Create a scoring system based on estimated impact.
2. Evaluate all tasks against this impact metric.
3. Make data-driven decisions on what to prioritize first.

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STAT

Companies with closely aligned team and business goals increase productivity by 30%.

Achieving alignment between team and company goals not only enhances productivity but also ensures that teams feel their work contributes to the company's success, reducing turnover.

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RECS

• Read: Radical Focus — This book offers a concise approach to using objectives and key results (OKRs) effectively.
• Listen: Lenny's Podcast — Insightful conversations on product management and cultural relevance within companies.
• Deep Dive: Impact First Product Teams — Matt LeMay's book details practical steps on how to drive impactful results in product management.