The business landscape has been rapidly evolving since the advent of high-speed internet, video conference platforms, and other technologies. And as the world economy becomes more connected, companies face new challenges and opportunities when it comes to hiring and retaining talent, developing future leaders, keeping teams together, and streamlining operations. The Entrepreneurial Operation System (EOS)® aims to help businesses and individuals achieve their goals amidst an ever-changing world with a complete set of simple concepts and practical tools aimed at strengthening the vision, cohesiveness, and overall health of teams.
Here we’ll explore four benefits of implementing EOS virtually for your business.
1. Keeping Teams on the Same Page Even When Separated Physically
When working remotely, leaders must employ specific team management methods to keep everyone on track. Without a solid framework, coherent goals, or established processes, this can be a major challenge. This is where Traction®, one of the Six Key Components™ outlined in the EOS Model™, comes into play. Traction focuses on taking tangible steps to execute shared goals via regular meetings at specific intervals. In other words, the principles of Traction negate the importance of physical distance — as long as everyone can clearly communicate, the company’s vision can be realized.
2. Maintaining Accountability Remotely
Traction (and all of EOS) is also about accountability and performance management. Again, physical separation can make it difficult for team members to keep tabs on one another. But by implementing the EOS Process® virtually for your business, you can maintain accountability in your teams no matter where they may be. For instance, a virtual Focus Day™ is designated to give your leaders tools to clarify roles and priorities within your organization, as well as resolve lingering issues and improve communication overall. Leaders then use what they have learned over the next 30 days to track tangible improvement.
3. Cultivating an Adaptable Company Culture
Organizations must retain some flexibility to respond and adapt to whatever changes occur in the world and within their industry. For example, the COVID-19 pandemic suddenly forced several businesses to shift their operations partially or completely online. No one knows when or even if things will return to the way they were prior to this global event. The “Quarterly Pulsing” of the EOS Process, which refer to sessions every 90 days to evaluate performance, reset priorities, resolve issues, etc., help create a dynamic, adaptable company culture that is strong enough to weather major external changes but also willing and able to change itself to benefit the organization as a whole.
4. Entering a Global Network of Entrepreneurs
Effective leadership development takes place both within an organization and outside of it. To truly grow as a leader, one must venture outside of their company and experience different places and opportunities, meet new people, and build a network of like-minded individuals. One of the distinct advantages of implementing EOS for your business is that it opens you up a global network of entrepreneurs. Normally, EOS hosts in-person conferences for people to meet and mingle. Of course, during these unprecedented times, these physical meetings are not viable. As a result, EOS has increased its output of webinars and even changed their conference to a virtual one so leaders around the globe can still share ideas and grow together without being in the same location.
If your organization has been struggling to reach its short- and long-term goals, implementing EOS can help get you back on course. And now, as businesses are encouraged to operate remotely if possible, the tools and principles of EOS are especially worth investing in to keep your people on the same page, your business ahead of the curve, and continuing to develop your leaders.
At Leadership Resources, our purpose is making the impossible possible through people. We aim to do so by helping individuals develop patterns of success that will decrease stress levels and maximize productivity. Contact us here to learn more about what we do and how we can help your business succeed and grow.