News from Executive Forum of the Lehigh Valley
Before attending our meeting Amy sent out a link of 27 Challenges -Stages of Growth from the book "The 7 Stages of Growth" by James Fischer. We were to review the list and circle our top five challenges we are experiencing in our workplace.
The 7 Stages of Growth were represented by the number of staff, number of managers, number of executives:
1. Start-Up CEO is basically doing everything in growing the company and in survival
2. Ramp-Up CEO continues to focus on growth and starts to delineate responsibilities
3. Delegation CEO must start to relinquish control and needs to have staff buy-in
4. Professional CEO needs to hire professional managers who have a successful track record
5. Integration CEO needs to focus on unifying the organization
6. Strategic CEO needs to create and implement strategy, create a culture and core values are key
7. Visionary CEO must be the visionary; must not lose sight of the targets
Growth = Complexity and at each stage there needs to be an understanding of what is needed from the CEO. As the company grows it is critical that the CEO grows and is flexible regarding their leadership and what is needed for the organization to stay focused and at the same time continue to grow the company.
During all 7 Stages of Growth there are 3 "Gates of Focus"; Priority, People, Process. Although all of these are present at each "Gate of Focus" they take on a specific standing at each stage of growth.
Amy then asked us how we rated the list of challenges that we each face in our organizations and related that to the 7 Stages of Growth. She then posed the question as an employer what do I need to do to get to the next level?
Amy then reviewed the "Three Faces of the Leader Blend" : Visionary, Manager and Specialist and when are each of these needed in the organization based on the stage that the company is in.
We then had a robust conversation regarding the "Five Primary Challenges of a Company":
1. Cash flow
2. Hiring quality people
3. Staff buy-in
4. Weak project management
5. Improve sales
Selling investment real estate, whether it’s our business building, a rental property or others type of investment real estate means you may have a large capital gain. We will explore using an IRS approved process that potentially defers your capital gains, as well as a solution that may not require you to continue owning/managing a specific physical property. This is an important subject matter for anyone who owns investment properties like office buildings, warehouses, beach properties and rental homes to name a few categories. Contact Ken if you need guidance on the sale of your investment property.
John Eltringham gave an insightful presentation on combating Workers Compensation Abuse.
Here are some Key Takeaways:
1. Develop policies to get the employee back to work as soon as possible in a light duty role.
2. Do your due diligence when hiring new employees, ask about workplace safety and injuries at prior jobs.
3. Install security cameras for review of workplace safety violations and opportunities for improvement.
HMK Insurance provides a variety of insurance and support to local businesses. Learn more at https://hmk.aleragroup.com/business-insurance/products-services-business/
February 2021 (Bethlehem PA) -The Executive forum of the Lehigh Valley (EFLV) announces the appointment of new executive board members in a unanimous vote.
Scott Gingold will serve as President and will Chair the Executive Board and preside at all business meetings. Scott is the President and Chief Visionary Officer of Lehigh Valley Technology. Amongst his support of many charitable organizations, Scott is a volunteer for the Lehigh Valley Military Affairs Council (LVMAC).
Denise Grothouse will serve as Vice-President, acting as President in his absence, overseeing committees, expand public outreach and support the goals of the President. Denise is the Founder of Perfect Six Marketing, Director of Public Relations for the HeroPlex Foundation and is an active supporter of many charitable organizations in her community. Perfect Six has received numerous awards from the American Advertising Association and Denise was awarded the Women of Influence Award from Lehigh Valley Business.
Dawn Davis will serve as Treasurer, responsible for financial reporting and all funds and disbursement of the EFLV. Dawn is the co-owner of SERVPRO of Easton, Bethlehem and Whitehall, a woman owned company that earned an Excellence in Business award from the Chamber of Commerce, Dawn was additionally honored with Lehigh Valley Business, Women of Influence Award.
Jon Black will continue to serve as Secretary, supervising the custody of records for the Forum. Jon Black is the General Manager of Morris Black & Sons, Inc, since 1908 Morris Black and Sons has grown into a diverse family business supplying specialty building products to businesses and homeowners in the Lehigh Valley and beyond. John serves on the board of SkillsUSA, and on the Board of Trustees for Alpha-Iota Chapter, Alpha Tau Omega Fraternity.
Kris Rooney will serve as the Member at Large, providing the voice of the members to the Executive Board. Kris is Operations Manager and Co-Franchisee of the Allentown Express Employment Professionals office. Express has received Inavero’s Best of Staffing Client Satisfaction award for six consecutive years and was recently named a Diamond Award winner.
About the Executive Forum of the Lehigh Valley:
The Executive Forum of the Lehigh Valley is a group of executives, entrepreneurs, and innovative leaders who share a commitment to quality, and an ethical environment in which to conduct business in Lehigh County and the surrounding region. Our members are experts in managing their industry, and the group provides a supportive framework for each business leader. Our structure improves members business perspective through peer advisory and company tours of local businesses. Our forum provides support each of each member with advice, business and employee referrals, and expert speakers on relevant topics. Each member retains a protected business category and is encouraged to participate in committees to improve the forum, the member experience, and community that surrounds us.