Jim and Jason are back in the studio to start their new series on process by talking about the Entrepreneurial Operating System. This podcast series on process is designed to help you evaluate your current processes and determine where in your company new ones can or should be implemented. During this episode, Jason talks about the EOS process and how he has applied it at Zenger’s Industrial, Black Industrial and Safety Supply, and at MakingChips. As they discuss EOS, Jason and Jim also give some helpful tips for starting your own process journey.
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What is the Entrepreneurial Operating System?
EOS is a set of concepts and tools designed to help leaders and organizations get better. It includes the best business practices and process, combining them into a single system. EOS focuses on vision, traction, and health to help companies solve their problems and experience progress. Listen as Jason shares how the Entrepreneurial Operating System has benefited his teams during this podcast.
The 6 components of EOS
During this episode, Jim and Jason discuss the six components of the EOS. Each component is vital to growth and health. The first component is vision. Everyone in the company needs to know where you are going and how you are going to get there. Vision gives your company a common objective and defines success. EOS helps by giving eight questions for leaders to answer that will help them cast a vision.
Right people, right seat
The second component of the EOS is having the right people in the right positions on your team. In order to move forward, you have to have a team that is aligned with your core values. Hiring the right people first requires creating an organizational structure. Many companies structure their companies around the personalities already on the team. Jim and Jason talk about the importance of conflict management and solving problems methodically. Hear more about all 6 of the components during this episode.
How to implement a process like EOS
Knowing about a process like EOS isn’t enough. If you want to experience the benefit of such a process, you have to take a step and start implementing it. So how do you do that? Jim and Jason give some advice for how to begin utilizing a process like EOS. They also discuss how to experience the best results and how quickly change can happen. Be inspired to take a step in evaluating and upgrading your processes as you listen to this episode of MakingChips.
Here’s The Good Stuff!
- Jason introduces the process system that he uses at Zenger’s Industrial Supply, Black Industrial and Safety Supply and at MakingChips
- The process that Jim uses at Carr Machine & Tool, Inc.
- Manufacturing News: Volvo upends U.S. manufacturing plans in reaction to China tariffs
- 6 components of the Entrepreneurial Operating System
- Having a vision that is compelling and well communicated
- Getting the right people in the right position
- The importance of gathering and utilizing data
- Solving issues methodically
- Running your business like a franchise
- How are you achieving your vision on a weekly, monthly or quarterly basis