How widespread is Your MVP?
Oftentimes when meeting with a business owner I ask them to explain their MVP – no, not in an athletic sense, as in Most Valuable Player, but a business sense – their Mission, Vision or Values, and Purpose. Once that is explained, I will ask him a follow up question – on a scale of 1 to 10, 10 being the highest, how many of your employees understand that MVP?
Think about it, if you can comfortably quantify your MVP (even if the number is low), you have the capability to improve performance and efficiency in your company. Having your fingers on the pulse of your employees’ perspective is an essential first step in increasing corporate performance.
What steps do you take to increase that number? There are several thoughts that occur. You can engage your employees in a facilitated discussion about the company’s MVP, asking them to assess their current understanding (discovery), asking them to observe whether that the MVP is being pursued as efficiently as it could (analysis), and asking them to suggest methods to improve their connection to the MVP (prescription).
The process of asking an employee’s opinion and asking further for improvement ideas itself will enhance an employee’s engagement and affinity to the MVP, especially if the ideas are respected and acted upon.
You can also engage the employee through a personal development program that enables them to become more efficient and more aligned with the corporate MVP. Remember the person/future fit and its positive impact on corporate performance? A small investment now can pay dividends over the long term for employers.
What is your MVP? And, on a scale of 1-10, how many of your employees understand it? Let me know.
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