Startup Terminal
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • 40 Under 40 Award by Startup Terminal
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • 40 Under 40 Award by Startup Terminal
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
Startup Terminal
No Result
View All Result
Home Uncategorized

Virtual teams delivering real-world results

StartUp Terminal Bureau by StartUp Terminal Bureau
February 12, 2022
in Uncategorized
0
Virtual teams delivering real-world results
154
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Author: Gary Kaplan, President- North America Construction, AXA XL


COVID-19 has changed the way we work- definitely in
the near-term. Possibly forever. In a matter of days (or in some cases even
within hours) organizations’ teams were dispersed and set about working
remotely. Depending on the organization and the industry, this sudden switch
happened with widely varying degrees of success.


It’s a new reality. And it’s forcing us to come up
with creative ways to adapt.


Gary Kaplan, President- North America Construction, AXA XL
Gary Kaplan, President- North America Construction, AXA XL


Events shifted to online. We’re raising glasses at
virtual happy hours. Video conferencing has become a regular occurrence.

So, here’s a new adaptation: Bringing Rapid Results
Initiatives (RRI) online. I’m calling them Virtual RRIs or vRRIs. A few years
ago, I wrote a piece called It’s All About the Pace, which introduced how AXA
XL’s North America Construction team has successfully used RRIs to achieve
extraordinary results in a short period of time.

The RRI structure is designed for use in face-to-face
groups. Now, with teams working remotely for the foreseeable future, we’re
faced with the need to adapt this essential business tool for the world of
virtual/remote teams. So, here we go.

But wait. Let’s back up a minute. What exactly is an
RRI?

Rapid Results Initiatives (RRIs) are team-based,
problem-solving, change-driving machines, which were originally developed by
Schaffer Consulting using a defined process called the Rapid Results approach.
Typically, an RRI will run for only 90 days in real life (IRL). Because it’s a
sprint, the RRI (or vRRI) team needs a tightly focused, result- oriented goal
to keep them on track. We’ve been using them for a long time at AXA XL. I
stopped counting at 500 separate RRIs. We do them because they work.

Let’s look at adapting this established concept to
remote use.

Why would you use a vRRI?

In short, high performing organizations will use Rapid
Results approach because they work and you get to see results quickly. When
used correctly, applying Rapid Results provides a set of highly effective low
risk leadership tools for generating tangible results in only 90 days. And the
approach works with any size organization. These short-term projects will help
you stimulate progress toward executing strategic, financial and operational
plans.

The most critical components for success are
sponsorship and management buy-in; the latter may be easier to secure in
smaller organizations with fewer bureaucratic layers. But I’ve found that
organizational receptivity to Rapid Results is more attributed to culture than
size. Remote application will add another cultural variable to consider.

Organizations with a more established remote working
culture will likely find it easier to adopt vRRIs. Organizations that are still
trying to find their virtual footing may face greater challenges, ranging from
comfort levels with remote technology to employee effectiveness working in a
remote setting. If that’s the case for your organization, it’s OK. You’ll get
them. People are very adaptable; just give them some time.

You can implement a vRRI to accomplish most any
organizational goal. For example, you could launch a vRRI to focus on:

Growth
·      
Develop a strategy
for entering a new market
·      
Grow sales within
an existing market
·      
Build teamwork
across businesses
·      
Profitability
·      
Improve selection
of new more profitable business
·      
Create new or
revised products with improved margin
·      
Expense Management
·      
Improve efficiency
of an existing process

Talent
·      
Demonstrate
effective sponsorship skills
·      
Develop Skills
through team leader, facilitator and team member roles
·      
Build teamwork
among team members
·      
Practice decision
making, project management and communications skills

How do you help ensure vRRI success?

As I already said, it’s critical that you secure
management buy-in to ensure success. Without it, any vRRI effort could be
doomed to fail, especially one that spans the organization involving team members
from different businesses and functional areas. I’ve found through my previous
experience with in-person RRIs, they are easier to run when you control all of
the resources needed for a team, but that rarely is the case. This is the same
for the vRRI. Make sure you get that buy-in first!

Management buy-in includes making sure that the
individuals in charge of the needed resources understand and support what your
vRRI is about. It’s vital they know both the strengths and limitations of a
vRRI. You can use information in this article to help develop your own pitch to
management, so they know what’s expected of them, the organization and the vRRI
team. When making your pitch, be prepared to talk about your sponsorship
statement in detail (more on that later), the team you have in mind for the
vRRI and what you expect the organization to be able to gain from the vRRI’s
outcome.

Without management buy-in, your vRRI effort could be
doomed to fail, especially one that spans the organization, involving team members
from different businesses and functional areas.

You also need to be sure that your vRRI team members
will be given the necessary time needed to participate in it fully. Getting
cooperation from supervisors is, of course, a lot easier to get when you have
upper management buy-in.

In addition, you need the technology piece to ensure
the vRRI will succeed. Whether your organization uses Teams, GoToMeeting,
Google Hangouts, Zoom – you need a platform for virtual engagement and
collaboration. Ideally, you will also have the means to share access to needed
assets like documents and spreadsheets. This could be SharePoint, a proprietary
intranet, or a cloud service like Dropbox.

Philosophy behind the vRRI?

The big operational advantage to the vRRI is its short
time frame. An IRL RRI is typically 90 days, no more. Virtual RRIs can be
shorter, if your team agrees. But they shouldn’t be any shorter than 60 days
because you risk running short of the time you need to achieve the goal. In any
event, the sponsorship statement (see below) must consider any changes in the
90-day timeframe.

This short duration accomplishes a couple of things.
First, it makes participation manageable for all team members, and their
supervisors/departments. Second, it helps position the team to deliver a
quantifiable result. People, regardless of function or level, tend to have a
hidden reserve of capacity that they can draw upon, when needed. This is
especially true when stress is present, i.e. a short 90-day deadline.

When projects have long or indefinite time frames, a
natural human tendency is to procrastinate or lose focus. Because of vRRIs
condensed format, there is zero room for either. Another critical aspect of the
Rapid Results process is the presence of what are called “Zest Factors.”



Virtual RRI, Virtual working

What in the world is a Zest Factor?


Your vRRI is a Must-Do project and the participants
have a short time frame to bring forth the expected result. As a result, the
team members feel:

·      
Challenged and
empowered
·      
A sense of urgency
·      
Excited, like
taking part in a game
·      
Driven, stakes are
high
·      
Success is near and
clear
·      
Sense of
accomplishment

In addition, the Zest Factors inspire the vRRI team
members to:
·      
Work as a cohesive
team
·      
Look for innovative
ways to collaborate
·      
Experiment with new
technology
·      
Ignore red tape
·      
Question
assumptions
·      
Challenge potential
outcomes
·      
Experiment to
quickly determine what works (and what doesn’t)
·      
Transcend
functional and hierarchical boundaries

And what’s the ultimate result of all of this? The RRI
drives change at a rapid pace.

How do you set up a virtual RRI?

As the sponsor of the vRRI, you have some things you
need to do:

1. Craft the Sponsorship Statement.
2. Assemble the team.
3. Get out of the way.

That final point is important. Let the team do their
work. But make sure the team knows your role is to support their efforts and
help clear paths, get access to resources and answer questions – the vRRI team
needs to know the Sponsor has their collective backs. It’s mission critical
that the Sponsor follows through on whatever he or she commits to do. If it
simply can’t be done, the Sponsor must provide the team with an explanation
why. And quickly. The better the Sponsor supports the vRRI team, the greater
the odds of success and the easier it will be to recruit vRRI teams in the
future. The success of a vRRI is contagious and, as a result, others will want
to participate on a future team.



(Gary Kaplan is the President- North America Construction at AXA XL. Views expressed in the article are of author.)
Tags: Opinion
StartUp Terminal Bureau

StartUp Terminal Bureau

Startup Terminal is a global news portal reporting news and analysis on technology, start-ups, and business-related news from all over the world. We exclusively feature entrepreneurs, startups, businesses, and technology companies to reach out to a wider audience. Contact us at editorial@startupterminal.com

Related Posts

How Singapore-based Likee is becoming a preferred destination for music and Bollywood biggies alike
Uncategorized

How Singapore-based Likee is becoming a preferred destination for music and Bollywood biggies alike

August 6, 2021
Friday Releases: Changing Face of Bollywood consumption
Uncategorized

Friday Releases: Changing Face of Bollywood consumption

February 12, 2022
Impact of COVID-19 Pandemic on Salon Industry
Uncategorized

Impact of COVID-19 Pandemic on Salon Industry

February 12, 2022
Next Post
PR emerges as a ‘Marketing Essential’

PR emerges as a ‘Marketing Essential’

MYEARTH Offers Organic Alternative to Single-Use Plastics

MYEARTH Offers Organic Alternative to Single-Use Plastics

NGO comes to the Aid of Marginalized amidst the COVID-19 Lockdown

NGO comes to the Aid of Marginalized amidst the COVID-19 Lockdown

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

International Women’s Day Interview: Aanchal Saini, CEO and Head of Business, RENT IT BAE

International Women’s Day Interview: Aanchal Saini, CEO and Head of Business, RENT IT BAE

7 years ago
CoinDCX partners with BitGo to secure Indian crypto trader funds

CoinDCX partners with BitGo to secure Indian crypto trader funds

5 years ago
India’s Union Budget 2020: Expectations of Industry Leaders and Entrepreneurs

India’s Union Budget 2020: Expectations of Industry Leaders and Entrepreneurs

5 years ago
CityMall raises funding from marquee investors

CityMall raises funding from marquee investors

6 years ago
TSC launches Portfolio of Its Rugged Print Modules – MH Series, MB Series and TE Series

TSC launches Portfolio of Its Rugged Print Modules – MH Series, MB Series and TE Series

5 years ago
No Result
View All Result

Must Read

Arab Aviation Summit 2025 Brings Industry Leaders Together Reinforcing Saudi Arabia’s Role as a Global Aviation Hub

Eire Gulf Appoints Saeed Rehman as Head of Pre-Contract

How to Align Promotional Products with Your Audience

Managing bereavement in the workplace

NLB Services invests in Jagdish Mitra’s industry-first GenAI IP-powered SaaS services venture Humanize

Strategic Staffing: Optimising Performance with Full-Time Remote Teams

Trending

KMH Events Rebrands to KMH Dubai as its Services Expand to Encompass Full Brand Support
News

KMH Events Rebrands to KMH Dubai as its Services Expand to Encompass Full Brand Support

by StartUp Terminal Bureau
May 15, 2025
0

Dubai, May 15, 2025: KMH Events, founded by entrepreneur Kelly Marie Hodgkin, has rebranded as KMH Dubai,...

Manifest Brings Instant, Legal Access to $35 Trillion U.S. Property Equity Market for Indian Investors

Manifest Brings Instant, Legal Access to $35 Trillion U.S. Property Equity Market for Indian Investors

May 8, 2025
Felicity Games Secures $3M to Redefine Global Game Publishing from India

Felicity Games Secures $3M to Redefine Global Game Publishing from India

March 11, 2025
Arab Aviation Summit 2025 Brings Industry Leaders Together Reinforcing Saudi Arabia’s Role as a Global Aviation Hub

Arab Aviation Summit 2025 Brings Industry Leaders Together Reinforcing Saudi Arabia’s Role as a Global Aviation Hub

February 9, 2025
Eire Gulf appoints Saeed Rehman as Head of Pre-Contract

Eire Gulf Appoints Saeed Rehman as Head of Pre-Contract

February 9, 2025
Startup Terminal Logo

Startup Terminal is a global news portal for Technology, Startups, and Businesses. Reporting on technology, start-ups, and business-related news from all over the world. We exclusively feature startups, and technology companies to reach out to a wider audience.
Startup Terminal is an official media partner at global conferences like:
#Mobile World Congress 4YFN,
#Barcelona, Spain
#ConnecTechAsia, Singapore (Formerly CommunicAsia)
#NXTAsia, Singapore
#Africa Com, Cape Town, South Africa
#Converge Events, Singapore
#young Startup Ventures, USA

Follow us on social media:

Recent News

  • KMH Events Rebrands to KMH Dubai as its Services Expand to Encompass Full Brand Support May 15, 2025
  • Manifest Brings Instant, Legal Access to $35 Trillion U.S. Property Equity Market for Indian Investors May 8, 2025
  • Felicity Games Secures $3M to Redefine Global Game Publishing from India March 11, 2025
  • Arab Aviation Summit 2025 Brings Industry Leaders Together Reinforcing Saudi Arabia’s Role as a Global Aviation Hub February 9, 2025
  • Eire Gulf Appoints Saeed Rehman as Head of Pre-Contract February 9, 2025
  • How to Align Promotional Products with Your Audience November 5, 2024
  • Managing bereavement in the workplace September 24, 2024
  • NLB Services invests in Jagdish Mitra’s industry-first GenAI IP-powered SaaS services venture Humanize August 21, 2024

Readers’ Choice

  • Aneesha Dalal, SHIAMAK Dance Academy

    Interview: Aneesha Dalal, Master Instructor and Principal Dancer at The SHIAMAK Dance Academy

    379 shares
    Share 152 Tweet 95
  • International Women’s Day Interview: Arpita Mehta, Fashion Designer

    348 shares
    Share 139 Tweet 87

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.

No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • 40 Under 40 Award by Startup Terminal
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.