4 Ways Quarterly Strategy Meetings can Improve Your Business
Early this month, 50 of our business unit leaders gathered in Boston, MA, for our Q2 strategy meeting. Quarter after quarter, we have found a lot of value in hosting these meetings. Taking the time to build out a focused agenda and prepare useful presentations sets the stage for great learnings. With this strong framework in place, here are the top 4 ways quarterly meetings improve our businesses:
At Volaris, our leaders come from a variety of different geographies and industries. While each of these leaders’ skill sets are indefinitely strong, they each bring something unique to the table. Since we regard our top talent’s skills as valuable resources, allowing them to freely exchange their expertise is important to us. By encouraging our leaders to think beyond their own skill sets, we optimize resources inside our businesses.
Sometimes You’re too Close
It’s no secret that every business faces challenges. It’s also no secret that business leaders are notorious for stirring over these problems, looking thoroughly for solutions.
In my experience, I have found that business leaders are often too close to the problems at hand. As a result, they often get lost in the micro details of a given situation. To help with this, we hold breakout sessions where business unit leaders share best practices in a less structured setting. These sessions have proved to be incredibly valuable for all participants.
Re-Visiting the big Picture
One of the most important aspects of being an effective leader is understanding the big picture. Knowing where you fit in your industry, as well as the strengths and weaknesses of your particular business is crucial.
Quarterly meetings help our leaders think beyond their own business unit. Discussing how things have changed in other businesses and the direction they are moving allows for learning by example. These learnings allow our leaders to apply these ideas and practices to their own businesses.
While our meetings are heavily geared towards strategy and growth, we always make time for networking. Networking is important for any professional, at any stage of their career, as it fuels inspiration and development.
Whether we’re gathering for a meal, or a causal mingle, this is the time for our leaders to connect and share insights. These opportunities also give new leaders a chance to join the conversation.
Have you considered holding quarterly strategy meetings for your business? Test one next quarter and track detectable improvements.