GA 527 | The Five Functions of Business with Zack Estes
May 9, 2024
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Guest Zack Estes, a business coaching expert, discusses applying lean in non-manufacturing contexts and the five functions of business. Topics include operationalized frameworks, making work visible, AI implications, learning from books, and personal growth.
Leadership effectiveness can be enhanced by refining messaging through continuous improvement and operationalized frameworks.
Lean methodologies can be adapted to diverse industries, emphasizing the importance of the five functions of business for value creation and improvement.
Deep dives
The Importance of Continuous Improvement in Leadership
Continuous improvement is crucial in leadership to ensure that messages are effectively delivered and received. By examining past successes and identifying areas that no longer resonate with the audience, leaders can refine their messaging. This focus on operationalized frameworks can enhance leadership effectiveness by emphasizing the importance of message clarity and reception.
Zach Estes' Diverse Background and Lean Methodologies
Zach Estes, the Chief Operating Officer at Path for Growth, leverages his diverse experience in manufacturing and healthcare to apply lean methodologies across various industries, including digital work. His discussion highlights the evolution of lean practices and how they can be adapted to different work environments. Through a conversation on the five functions of a business, Zach provides insights into the core aspects of value creation, delivery, customer acquisition, talent acquisition, and resource management.
Frameworks for Effective Business Operations
Zach introduces an operationalized framework comprising four steps: standardizing, documenting, evaluating execution, and improving processes. This framework aligns with the principles of continuous improvement and provides a structured approach to enhancing business operations. By standardizing processes, organizations can establish clear visions for success, streamline execution through documentation, and drive improvement based on evaluation findings.
Personal Development and Apprenticeship Journey
Zach's apprenticeship approach involves delving into 50 books by 2024 that cover essential topics related to the five functions of business. This deliberate focus on learning and growth mirrors his commitment to continuous improvement and professional development. By engaging in intentional reflection, reading, and exploring diverse perspectives, Zach embarks on a personal journey to deepen his expertise and insights in business leadership.
This week’s guest is Zack Estes. Ron and Zack discussed Zack’s coaching business, applying lean in non-manufacturing contexts, the five functions of business, and more. An MP3 audio version of this episode is available for download here.