We know how vital it is for leaders to provide context so that their teams know which direction to go in. The problem is: how do you know that you're focusing on the right priorities in a changing environment?
For LinkedIn, this issue is addressed by holding Quarterly Business Reviews (QBRs) to help bring the leadership team together.
Through QBRs, the results of every business are examined. In situations when results aren't met, other leaders can voice their opinions and suggestions that can be helpful, elevating the relationship between executives.
When implemented correctly, QBRs can be immensely valuable to your organisation.
Below are four best practices you can learn from LinkedIn about implementing QBRs:
To ensure that the leadership team understands and agrees with the process, clearly communicate:
Prepare a 6-page narrative document for each business line that includes the following sections:
Provide a chance for the leadership team to highlight and unpack the most pressing challenges and potential misalignment, to be discussed during the QBR.
The pre-meetings themselves are great opportunities to create alignment and solve problems.
Prepare a brief summary of business actions and key takeaways to assist the leadership team in focusing on priorities that matter, and provide organisation-wide communications.
Yuyan Wang