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|Franklin Covey Co. Presents First Excellence in Execution Award to Wegmans Food Markets, Inc.|
Wegmans Tops 1000 Clients with Highest Execution Performance Score, Using The 4 Disciplines of Execution to Exceed Sales & Growth Objectives
Using FranklinCovey’s The 4 Disciplines of Execution® methodology, Wegmans achieved the highest overall Execution Performance Score out of more than 1,000 FranklinCovey clients worldwide. The composite score for Excellence in Execution is based on the performance of four metrics:
1. The percentage of individuals within the organization that make commitments weekly toward the achievement of their teams’ Wildly Important Goal.
2. The percentage of those commitments that are achieved on a weekly basis.
3. The performance on Lead Measures which the team determines are necessary to the achievement of the Wildly Important Goals.
4. The performance against the Wildly Important Goals across the organization.
For more than 15 years, the FranklinCovey Execution Practice has worked with more than 140,000 teams and 2,500 clients in hundreds of organizations in every kind of industry, as well as in schools and in government agencies worldwide, in implementing The 4 Disciplines of Execution process. Founded on that process, FranklinCovey’s Excellence in Execution is awarded to the FranklinCovey client that achieves the highest Execution Performance Score as measured by The 4 Disciplines of Execution® Operating System (4DX0S.com).
“This process has brought focus, accountability and engagement to our
work, and results that benefit our customers and our people,” said
Wegmans’ president & CEO,
FranklinCovey’s Excellence in Execution Award is certainly not Wegmans’ first recognition for excellence as an organization. The supermarket chain was named one of the “100 Best Companies to Work For” by Fortune magazine for 20 consecutive years, ranking #2 in 2017. Fortune’s list is based on employee ratings of their workplace culture, including the level of trust they feel towards leaders, the pride they take in their jobs and the camaraderie they experience with co-workers. Additional recognitions and awards Wegmans has received include:
The 4 Disciplines of Execution process is based upon the
The process provides organizations with a framework for creating a culture of performance. It focuses on leaders getting people and teams to align their efforts in doing the right things at the right times – the wildly important goals, initiatives, projects, and tasks that are most critical to the organization. By changing the way team members engage with each other to achieve the goals, managers can dramatically improve the impact of their team’s performance. The 4 Disciplines of Execution are as follows:
1. Focus on the Wildly Important: Give best effort to those few goals that really matter instead of giving mediocre effort to dozens of goals.
2. Act on Lead Measures: Carefully track the lead measures and let the lag measures take care of themselves.
3. Keep a Compelling Scoreboard: Ensure everyone knows the score at all times so they can tell if they are winning or not.
4. Create a Cadence of Accountability: Hold frequent, regular accountability sessions to advance the Wildly Important Goals.
Included in the process is FranklinCovey’s 4DXOS, an online tool fully designed to support The 4 Disciplines of Execution methodology. It allows organizations to track commitments and goal achievement, provides a cadence of accountability to both organizations and individuals, and ensures overall success in achieving superior results.
For more in-depth information on FranklinCovey’s 4 Disciplines of Execution and to see other success stories, visit https://www.franklincovey.com/Solutions/Execution.html. To learn more about Wegmans, visit https://www.wegmans.com/news-media.html.
ABOUT THE FRANKLINCOVEY EXECUTION PRACTICE
Franklin Covey Execution Practice provides practical processes to organizations and teams so they know what the wildly important goals of the organization are and how to achieve them, how to track success, and how to be accountable for creating extraordinary results. For more information on The 4 Disciplines of Execution, visit https://www.franklincovey.com/Solutions/Execution.html.