Great Leaders Drive Change but Changing Leaders is not Easy
Nearly every company confronts the question of whether its original founding or current team can scale along with the business. In positive macro conditions, it's easier for this question to take a back seat. Growth can reduce scrutiny and lessen the pressure to perform. But tougher economic times and slower growth can magnify the challenges of managing a business. Efficiency, rigor, and results become paramount—which can spell change for your mandate as a leader. It’s no longer enough to be a visionary—you must become a great operator, too. For some companies, that shift can be difficult and dramatic. You can’t simply replace one executive with another; you have to change the culture of your organization. Articulate how the company needs to evolve, then ask yourself what type of leadership will help you achieve that goal. Keep the big picture in mind as you go through each step of the process, from making your initial decision to hiring new leaders and navigating the transition with your team.
Navigating your team through an executive leadership change might be the hardest part of the process. It’s also the most important part to get right. Remember that these decisions impact the whole organization. Don’t underestimate the thought and work required to get ALL stakeholders aligned. The most difficult reality of leadership changes is saying goodbye to some of the longstanding leaders who have created so much success for the company. Often, people know when things aren’t working, and as much as possible, you want to help them reach a decision rather than pushing them out.
Many leaders have demonstrated the ability to adapt to industry changes, implement innovative strategies, and drive significant growth and transformation in their companies. Their success stories are prime examples of how effective leadership can reshape the trajectory of corporations, small and large in the restaurant and other sectors.