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AIBF Business Talk is an original podcast brought to you by the All-Ireland Business Foundation. In each episode we talk to innovators, entrepreneurs and leaders to bring you practical lessons and actionable insights that you can apply to your business and in your daily life.
Episodes
Friday Jul 14, 2023
Episode 95: Shay Lynch, Future State Performance
Friday Jul 14, 2023
Friday Jul 14, 2023
🔥 Unveiling the Power of Process: Exploring Strategies for Sustainable Business Achievement and Breaking Down Silos.
🎙️ Delve into the strategies of harnessing systems thinking for enduring and sustainable business achievement, and the power of process driven methods, with Shay Lynch of Future State Performance on today’s AIBF Business Talk Podcast.
📋 Shay's meticulous research has unveiled an intriguing pattern: the challenges encountered by business leaders arise from intricate angles and dimensions, amplified by prevalent distractions, that impact on crucial value-added work; prompting the phenomenon he labels as "Firefighting." 🔍📈
His observations on the three main challenges that average leaders must overcome in today's landscape:
1️⃣Employee Retention or Top Talent Retention:
- Focus on fulfilment: Prioritise providing a fulfilling work environment rather than solely emphasising performance-based incentives.
2️⃣Customers: Building Strong Relationships:
- Understand business pain: Develop a deep understanding of customers' pain points and tailor solutions that address their specific needs.
3️⃣Rising Costs of Business: Controlling the Controllables:
- Identify controllable factors: Identify and focus on areas within your business where costs can be controlled, such as optimising processes and resource allocation.
In demystifying business optimisation, Shay highlights three key factors in facilitating an effective process: a detailed examination of the core processes involved; the importance of adopting a flexible and adaptable management framework; and the implementation of a strategic approach influenced by military operations to safeguard the business.
A firm believer in the power of process, Shay serves as a facilitator, dedicated to optimising team performance. He highlights, as an example, the significance of cross-functional communication between sales and marketing departments. This communication plays a critical role in ensuring processes and KPIs are aligned, guiding them towards a unified direction.
Shay emphasises the following to help ensure smooth business operations:
🔄Continuously optimise the business model while prioritising employee happiness, fulfilment, and satisfaction.
🤝 Foster meaningful connections and friendships within the business environment.
👥 Prioritise delivering exceptional customer experiences.
🎧 Unlock a world of valuable information and inspiration from our valued Business All-Star Shay Lynch by tuning in to this must-listen podcast.
The AIBF accredits the Business All-Star mark to Best-In-Class Irish businesses based on an independent audit of their performance, reputation, and customer-centricity.
The AIBF is an independent national body that identifies and acknowledges the country’s most ambitious and visionary businesses.
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