Month: June 2017

Blog: 4 reasons why strategy alone is not enough / Timo Bruns

June 29, 2017

Increase your velocity

Most of the companies we come across have a good enough or great strategy. It summarizes the journey getting from A to B, and the expected outcome. In many cases all of the management team is in violent agreement that this is exactly what we need to do. But, more often than not is seems like actual execution of the strategy is more like death by thousand cuts than smooth sailing. This is because the plan is not cascaded and delegated to relevant shareholders, and sometimes even not communicated as it should be. If you do this, go from having a plan to making it executable, you will find out that the trip from A to B becomes more predictable and you’ll get to B faster than you had ever hoped for.

Get people onboard and working together

The only way you can make progress with your strategy is having people motivated to move the needle. Everyone is busy, with too much to do, so you must find a way to merge the daily grind with the strategy. If the employee feels like strategic items are ‘yet another thing I ought to be doing’ it is fairly certain that they end up getting done late and not in desired quality. If however the daily work gets merged with strategic items, contributing to individual, team and company goals, the motivation to do them will shoot up and suddenly people are geared up and driving the strategy forward. When this is accompanied with healthy dialogue about the goals and actions in the organization, the train of progress becomes an unstoppable force.

Remove grey areas and wishful thinking

Part of the problem of not moving the needle fast enough, far enough, is the ambiguity in goal setting. And not necessarily in setting the goal itself, but the Key Performance Indicators (KPIs) that make the goals measurable. If you can’t measure you can’t improve may be a worn expression, but in reaching the goals it is the crucial ingredient. Once during an onboarding, a CEO told me that ‘when we do it like this, the goals become ‘frighteningly concrete’. Getting clarity and precision with KPIs must surely be a good thing, helping to drive the whole agenda as needed.

Get serious, get digital

Too much talk these days revolves around digitalization. That said, when put in the right context, combined with the results from various studies that Millennials form the majority of workforce by 2020 and have little desire to stick around if they are not treated right, will force us to seriously consider any and all means to make work more motivating and transparent. In the case of strategy execution, the answer is obvious – stop doing it top-down and using outdated means and get digital, fast. LATO has a tried and tested answer how a digital tool can become a command center of your execution, as evidenced by nearly 100 customers, so do give us a call and let’s talk more!

 

 

 


We are hiring

June 19, 2017

Sales Manager

Is strategy your mother tongue? Are you a passionate B2B sales professional or aiming to be one? Do you turn prospects into satisfied customers through demonstrating business benefits? Feeling confident in front of Management Team members?

If you said ‘yes’ multiple times you might be the talent we are looking for.

How would you contribute to our strategy?

We want to grow. For us, growth means: 1) Acquiring new customers in Finland 2) Keeping our existing customers satisfied and encouraging them to expand usage 3) Expanding our business to selected new markets 4) Developing our inbound marketing.

You will play a critical role in completing the above-listed goal number one. In addition, you are expected to contribute to goals 2-4.

How would your performance be measured?

Number of new customers is your most important lagging KPI (you know or can find out the difference between lagging and leading KPI, right?). Other lagging KPIs that we might want to follow include e.g. ‘Customer lifetime value’, ‘Number of inbound leads’ and ‘Churn’.

What would you have to do to reach your targets?

  • Be determined enough to call, email and call again to reach decision-makers
  • Discuss with CEO/CFO/CxO/Strategy director about their challenges in strategy execution, convince them about LATO’s benefits and close the deal
  • Identify, contact, establish cooperation and manage reseller partners
  • Plan and execute outbound marketing
  • Participate in development and content creation of inbound marketing

Skill set that you need to possess:

  • Must-have’s
    • Attitude, curious mind and organized way of working
    • Capability to strategic level discussions
    • Guts to call and negotiate with C-suite executives
    • Passion for sales
    • Plenty of positive energy
    • Diginative or able to learn the tools and processes rapidly
    • Fluency in English and Finnish
  • A mixture of these skills will be beneficial but not mandatory
    • Good understanding of strategy process
    • Experience of business controlling
    • Existing network of CxO level leaders
    • Solution sales skills
    • Understanding of SaaS business
    • Working knowledge of how to use inbound marketing / social selling in new business development

What can we offer?

We offer you a genuinely interesting and challenging position with plenty of growth opportunities. You will be surrounded by a friendly, supportive and easy-to-work-with team, and you will join them as an equal member in the journey towards internationalization. Along the journey, you will have a chance to refine and develop further your sales, marketing, business development and strategy skills. Furthermore, you will get to meet lots of interesting people and grow your professional network. Compensation will be fair, and adjusted in line with your growing skills.

If this sounds like you, please let us know how you can help us by sending your application (with salary expectation) and CV to teemu.moykkyla@latotools.com by the 6th of July.

Interviews of potential candidates will begin right away.

For more information, contact:

Teemu Möykkylä

Director Sales

+358406585353

teemu.moykkyla@latotools.com


New features released

June 19, 2017

LATO released new features:

  • Keep yourself up to date with proceedings and issues with News Feed – earlier in mobile app praised now also in web app. Be up-to-date, follow proceedings, comment and give your inputs and learn from others.
  • More intuitive and efficient Goal Editor – create, copy, cascade and edit goals faster and easier with more versatile and intuitive Goal Editor. For power users we added for example whole organization filtering view, “copy and cascade” feature, goal chain filter and more straighforward goal creation and cascading.
  • More intelligent management process email reminders to save your valuable time to more important LATO communications automation is improved. Do your have regular weekly, bi-weekly or quarterly meetings? Tune your own automated LATO reminders accurately with your timing cycles and policies what to when. Mature your leadership routines for example by sending bi-weekly reminders with to-dos before management team meetings.
  • Push alerts form own goals and actions – we want to make sure you do not miss anything important on your agenda. LATO released a compact push notifications view which lists goals/actions where you got assigned, new comments and due date related alerts.
  • 2 Factor Authentication available now – harden your access policy and utilize SMS based second factor to authenticate more securely.
  • More flexible summing up KPIs – create a perfect mix own different KPI-types in multilevel goal chains not compromising consolidated goal value sum ups from below units and parallel goals.
  • Action plan average progress as goal KPI – now you may choose to use goal’s action plan average progress as goal primary progress KPI. Whenever Goal’s actions responsible update their individual actions’ progress goal KPI gets updated automatically.
  • Due day for actions – Monthly level is good enough to manage the big picture in many cases but if you need an exact due day option is now available.
  • More usability and speed to LATO-powered team meetings – we created more speed and convenience in main funtions that are used during the importants meetings. Make updates and new corrective action plans easier in your LATO powered board, management and team meetings.