It can be difficult to understand every tiny aspect of your business. Looking at them through the lens of the five components of business makes it easier to see the full picture.
Learn how each component is just one cog in the machine of your business, and they need to work harmoniously so it runs smoothly.
They are the five fundamental aspects of business. Each has a different level of importance, working towards the final product of your successful business.
Introduced in Sprocket: The Mechanics of Business Success, the five components of Sprocket are:
Purpose | Strategy | Structure | Processes | Culture
At its heart, the Sprocket components show a successful business is designed around its execution, not its people.
You can use each component to better understand your business through the lens of yourself, and more importantly, your employees.
This knowledge helps you re-design your business without any roadblocks.
A Purpose Statement is optimized when it functions as a giant magnet, strongly attracting loyal and like-minded customers and employees.
A Strategy is optimized when it is focused on the organization’s core competencies, each of which achieves alignment between the Get and Give Fingerprints of the customers who provide the greatest value.
A business Structure is optimized when it identifies the functional areas of the organization and the responsibilities and accountabilities of each, assesses the correct type of knowledge needed for key results, and uses an effective method to share that knowledge with the goal of providing the greatest value to customers and the organization.
A Purpose Statement is optimized when it functions as a giant magnet, strongly attracting loyal and like-minded customers and employees.
A business Culture is optimized when its architecture is sound, the incentives it uses are closely tailored to both its architecture and its Core Values, and these incentives are tied to behaviors (inputs) rather than results (outputs).
Whether it’s just you taking it for your small business, your leadership team taking it for your mid-sized business, or your three key departments taking it for your large business, Sprocket can help!
