Hospitality Financial Leadership - "Systems", Don't Change The People - Change the System
October 16, 2017 1:16pm
By David Lund
Every system is perfect for the results it creates.
The flip side of this is: Don’t change or make the people wrong—it is the system that’s wrong and the system needs to be changed. Then we will get another result. Keep working the system five percent at a time. Always be re-programming your system, i.e., what version of Windows are we on?
We tend to look at the chaos at work and in our own lives and we want to blame someone or something for it. It is the victim crying out that we have been unjustly punished and sentenced to suffer in the mess we are in. We need to rise above this and look at the system we use; see the system that exists and change it.
Unlock the system
What is the next thing in the system that needs to be re-programmed, what is the next thing that needs upgrading and strengthening? Do not play the fool’s game and expect a wholesale complete re-vamp of your system. Constant incremental improvements win the race.
In the following situation I will use the example of the monthly commentary:
As it stands now, department managers are providing useless information on what happened last month and the upcoming month’s information is the same. It seems they write in a different language that I can’t understand. I am held hostage by their lack of commitment to this and they do not care. Do you hear the victim? Let him out of his cage.
Back to owning it:
The system I have is one where the department managers are made wrong on a regular basis because they are not living up to my expectations. Really, this is the case. What have I done to strengthen my monthly commentary system? What new software releases have I made to “our” commentary system? I own this mess and I am going to straighten it out and strengthen it. Make changes every month to make the commentary better.
My new system release this month entails a 1-1 with three of my biggest commentary customers (department managers) where we review the basics of a good commentary, one that does not regurgitate the numbers. A commentary that explains the variances based on a review of the assumptions for the month and what actually happened. Ah – a little light…. We agree to the format. The managers are actually relieved to have a blueprint to use. Why didn’t anyone tell me about this before? Next month I will do three more customers.
My system just got 5 percent better. What will my next system upgrade be? Maybe I will co-host a 20-minute workshop on creative writing. I know my public relations manager is a keener and this is something he would love to do. I just need to ask him to help me….
Systems are everything
Do not ever stop releasing new versions of your system. Every month we get to upgrade and strengthen our systems. The window opens every month.
What upgrade will we release this month?
What! A month goes by and no new software release. Come on! Be Microsoft, release an upgrade!
If you would like a copy of any of the following send me an email at email@example.com
Visit my website today for a copy of my FREE guidebook
The Seven Secrets to Create a Financially Engaged Leadership Team in Your Hotel
Call or write today and arrange for a complimentary discussion on how
you can create a financially engaged leadership team in your hotel.
Tags: david lund,
hotel financial coach
David Lund is The Hotel Financial Coach, an international hospitality financial leadership pioneer. He has held positions as a Regional Financial Controller, Corporate Director and Hotel Manager with Fairmont Hotels for over 30 years.
He authored an award-winning workshop on Hospitality Financial Leadership and has delivered it to hundreds of hotel managers and leaders. David coach’s hospitality executives and delivers his Financial Leadership Workshops throughout the world, helping hotels, owners and brands increase profits and build financially engaged leadership teams.
David speaks at hospitality company meetings, associations and he has had several financial leadership articles published in hotel trade magazines and he is the author of two books on Hospitality Financial Leadership. David is a Certified Hotel Accounting Executive through HFTP and a Certified Professional Coach with CTI.
Contact: David Lund
Hospitality Financial Leadership - Runnin' Down a Dream
Hospitality Financial Leadership - Four Important Things to Know
Hospitality Financial Leadership - Using EFTEs
Hospitality Financial Leadership - Food Cost and the 80/20 Rule
Hospitality Financial Leadership - How Can You Turn $250 Savings into $1,000,000 In Asset Value
Hospitality Financial Leadership - The Third Pillar
Hospitality Financial Leadership - Global Hotel Revenue Management
Hospitality Financial Leadership - How to Set Up and Report Food & Beverage in Your Hotel Financials
Hospitality Financial Leadership – Leadership and Technology
Hospitality Financial Leadership – Creating Hotel Financial Policies
Hospitality Financial Leadership – Measuring Labor Productivity Part II
Hospitality Financial Leadership – How to Review a Hotel Budget
Hospitality Financial Leadership - Outsourcing Your Accounting and Why this is a Stupid Idea
Hospitality Financial Leadership - Ego is Not Part of the Recipe
Hospitality Financial Leadership – Measuring Labor Productivity Part 1
Hospitality Financial Leadership - Separating Group and Local Sales in Banquets
Hospitality Financial Leadership – What’s the System?
Hospitality Financial Leadership – Why Doesn’t My Director of Finance Step Up?
Hospitality Financial Leadership - The Russians
Hospitality Financial Leadership - Creating Property Performance Commentaries
Please login or register to post a comment.