1) The amount of the “how” that has and is being done in my hometown of Austin, which I am confident is one of the big “whys” Austin sits atop so many “best of” lists, and
2) That the efforts leaders go to in order to make their cities great are the same efforts CEOs engage in to make their company’s great.
McKinsey identifies three fundamental practices that great cities do well:
- achieve smart growth
- do more with less, and
- win support for change
Do more with less
Win support for change
A Great City
“… identifies and nurtures the very best opportunities for growth, plans ways to cope with its demands, integrates environmental thinking, and ensures that all citizens enjoy a city’s prosperity.”
“…secures all revenues due, explores investment partnerships, embraces technology, make organizational changes that eliminate overlapping roles, and manages expenses.”
“…builds a high-performing team of civil servants, creates a working environment where all employees are accountable for their actions, and takes every opportunity to forge a stakeholder consensus with the local population and business community. They take steps to recruit and retain top talent, emphasize collaboration, and train civil servants in the use of technology.”
A Great Company
…identifies and nurtures the very best market opportunities, anticipates customer needs and demands, and ensures all employees share in the company’s success.
…has best-in-class accounts receivables practices, pursues equity and partnerships to scale appropriately, and continuously streamlines operations to efficiently manage expenses.
…builds a high-performing team that in turn creates a workplace where all employees are not only accountable but also seek opportunities to partner across departments, and strategic alliances to forge greater outcomes. Further, they take steps to recruit and retain top talent, emphasize collaboration, and provide cutting edge technology to maximize productivity.
As the Head Coach - People & Culture, I can say with confidence that the fabric and fundamentals of Austin are mirrored at Adlucent. As one of the slogans on our marquee put it:
Adlucent: Cool Company in a Hot Town.