The 4 Disciplines of Execution: Achieving Your Nonprofit’s Wildly Important Goals!

Mike Pritchard

CFO University of Colorado Foundation

March 16, 2017

“Start With Why” & A Personal Confession

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Strategy + Execution = Success

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Only 8% of business executives are effective at both strategy & execution. (PwC)

Only 17% of Finance team time is spent on strategic activities. (Adaptive Insights)

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The 4 Disciplines 1. Focus on the Wildly Important 2. Act on the Lead Measures 3. Keep a Compelling Scoreboard 4. Create a Cadence of Accountability

“The 4 Disciplines are simple, but they are not simplistic.” –Chris McChesney, author

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The 4 Disciplines of Execution - Videos

6 minute video: (we’ll watch this one today)

https://www.youtube.com/watch?v=aEJDliThj7g

16 minute video: (great to kick off a planning session)

https://www.youtube.com/watch?v=YLZwgc-sH34

48 minute video: (author Chris McChesney’s TED style talk)

https://www.youtube.com/watch?v=UGpcnEJE1o8

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The 4 Disciplines 1. Focus on the Wildly Important Focus

2. Act on the Lead Measures Leverage

3. Keep a Compelling Scoreboard Engagement

4. Create a Cadence of Accountability Accountability

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Discipline 1 Focus on the Wildly Important

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Discipline 1 concept: The Whirlwind The Whirlwind = all the work that is required just to

keep your nonprofit going on a day to day basis…

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Discipline 1: The Wildly Important Goal (WIG)

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If everything else remained status quo in your nonprofit, what is the one or two areas where change would make all the difference? This is your Wildly Important Goal (WIG).

WIG = From X to Y by When?

Discipline 1: The Wildly Important Goal (WIG)

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Discipline 2 Act on the Lead Measures

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Discipline 2: Act on the Lead Measures

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Discipline 2: Act on the Lead Measures

Discipline 3 Keep a Compelling Scoreboard

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Discipline 3: Keep a Compelling Scoreboard

Discipline 3: Keep a Compelling Scoreboard

“People play differently when they are keeping score.”

Rules for a Compelling Scoreboard:

1. Keep a simple players scoreboard

2. Scoreboard must always be visible to the players

3. Track lead and lag measures

4. Team can tell immediately if they are winning or losing

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Discipline 4 Create a Cadence of Accountability

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Discipline 4: Create a Cadence of Accountability

Questions?

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Your Homework 1. Read the book, The Four Disciplines of

Execution by Chris McChesney 2. Watch the 4DX videos – see page 6 3. Schedule a 4DX planning session with your

team at work 4. Create a few WIGS, implement 4DX and achieve

your nonprofit’s wildly important goals! 5. Please let me know how it goes. I would love to

hear about your nonprofit’s 4DX journey.

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Additional Resources 25

Brian Tracy 26

Simon Sinek 27

TED Talk: www.ted.com/talks/simon_sinek_how_great_leaders_inspire_action

Cal Newport 28

Greg McKeown 29

Talks at Google: www.youtube.com/watch?v=sQKrt1-IDaE

Ryan Holiday 30

Last Thoughts 1. Audible.com Terrific for commutes & exercise!

2. Podcasts: Six Pixels of Separation – Mitch Joel This is Your Life - Michael Hyatt Good Life Project – Jonathan Fields

1. Vitality 2. Connection 3. Contribution 3. Farnam Street “Pursuit of Wisdom” Blog: www.farnamstreetblog.com

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Thank you!

Connect with me on LinkedIn at: www.linkedin.com/in/michaelpritchard/

Mike Pritchard mike.pritchard@cufund.org

303-813-7905