Posts Tagged ‘athletes’

What can your business learn from Rio?

August 4, 2016

RIO 2016 OlympicsI love the Olympics!  I clearly remember reading all there was to read in Sports Illustrated and in Newsweek when the mail would arrive! Yes, I am dating myself and my kids would be astonished to be reminded we did not have cell phones and internet to get live updates of athletes’ performances.  We sat in the ‘family room’ and watched TV as a family with no disturbances from everyone being on their own device.

With Opening Ceremonies tomorrow night, I can’t help but wonder what all of us can learn from all that is swirling around Rio 2016:  Zika, plumbing issues, contaminated water sources where athletes will be competing, corruption, a very pricey train that stops 8 miles short of Olympic Village…and the stories go on and on.  Perhaps there were such challenges in other Olympics as I was growing up, but this one in particular seems rampant with issues.  So what can we learn?

I would propose that Rio highlights the fundamental need for and importance of planning.  Both planning ahead and contingency planning.  Just like any major project in your company (or even a small project or initiative), one develops a plan. The plan includes critical milestones, dates that have to be met (e.g., opening ceremonies, arrival dates for athletes), resources (financial and human) that need to be available and trained to support the project.  Define the top-level goals of the initiative/project (insert the word Olympics) and then expand the plan by logical work streams (e.g., security, transportation, living quarters for athletes, venues, etc.)  Assign experienced owners to each work stream and develop formalized structures for meeting, coordinating, communicating etc.

Take security as one example.  Can anyone fathom leaving such a vital effort until Live Date minus ~45 days?  I was stunned to read the company hired to handle security (and now replaced) was only hired about a month ago!  They were supposed to hire about 3000 people and get them trained and they had achieved hiring about 500 and apparently the training was basically non-existent.  Yikes. So in addition to planning, once could also learn the importance of allocating the necessary time to properly train people on their roles; ensuring they have the tools and information they need to perform their roles.

When I meet with CEOs to discuss their marketing needs, I ask them if they plan. Do they have a strategic plan? Do they value a plan? Recently a prospective client stopped in his tracks as he paced the boardroom we were meeting in. “Why did you ask me that question?”, he asked me.  I smiled and explained that I ask it to evaluate the fit for us working together.  I value planning.  A key part of our value proposition is planning and accountability to delivering on the plan.  I have worked with clients who value the entrepreneurial spirit and insist that plans are not necessary; they insist they need to be nimble (inferring a plan is confining and restrictive) and they end up valuing activity over progress, ineffectively leading across the organization as there lacks alignment and focus. Plans bring people in an organization together. It provides focus and discipline and sets priorities.  He nodded and said – “Of course we plan. We have a business plan and I would see no other way to run our business”. Great – sounds like a good fit.

I would not go to this Olympics if someone offered me the experience for free. It is a shame that there appear to be so many aspects of the experience that present real risks and that for whatever reason have been poorly planned and/or executed.  As you watch the athletes compete, as you cheer on Team USA, reflect on the strength of your company’s plan.  When was the last time your business plan was reviewed? Do you have a marketing plan that aligns and supports the sales plan? What about training and employee development? For many companies the next quarter is the planning phase for 2017. Let’s hope and pray that all athletes and visitors to Rio 2016 are safe and sound. But for our businesses, remember that hope is not a strategy. Don’t leave your company’s future to chance.