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The 5Y Framework for Taking a Company from Functional to Phenomenal with Jevon Wooden
Manage episode 416166204 series 2886964
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This week features guest Jevon Wooden from BrightMind Consulting Group. Jevon explains each step of their “5Y Framework” in detail, including setting clear goals and metrics with the “yardstick.” He shares insights on building quality control, developing standard operating procedures, and creating a culture where employees feel safe to report issues. Jevon talks about the importance of leaders taking ownership, embracing transparency, and effectively communicating their vision and mission.
Key Takeaways:
The 5Y Framework provides a structured approach to goal setting with clear stages: Yardstick (goals), Yield (resources), Yare (ease), Yogi (sustainability), and Yearn (advocacy).
Regular check-ins help ensure goals and processes are still effective.
Feedback from employees and customers is critical for identifying areas for improvement.
The importance of anticipating potential issues and problems through scenario planning.
Remember, the price of something does not always equal what you’ll get.
Companies like Costco have seen long-term success by prioritizing employee investment, even during economic downturns, recognizing that people are the foundation for growth.
External Links:
Jevon Wooden: LinkedIn | Website
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