Wegmans Tops 1000 Clients with Highest Execution Performance
Score, Using The 4 Disciplines of Execution to Exceed Sales & Growth
SALT LAKE CITY--(BUSINESS WIRE)--Jun. 28, 2017--
Covey Co. (NYSE:
FC), a global firm specializing in organizational performance
improvement, announced today that it has presented its first
FranklinCovey Excellence in Execution Award to Wegmans
Food Markets Inc., a family-owned, supermarket chain with 92 stores
in New York, Pennsylvania, New Jersey, Virginia, Maryland, and
Massachusetts, and one of the largest private companies in the U.S.
Bob Whitman, FranklinCovey CEO, said, “It is with excitement that
FranklinCovey honors Wegmans with our first Execution in Excellence
Award and to continue to partner with them. Not only have they exhibited
excellence in executing on their strategic goals year after year, but
they have created a high-performing culture, where employees’ talents
are unleashed, recognized, and appreciated. Wegmans continues to be
recognized for their great performance and their extraordinary
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
2. The percentage of those commitments that are achieved on a weekly
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
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, Colleen Wegman. “We are proud to work with
such a quality organization and believe in their mission and vision.”
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:
Ranked #2 for Corporate Reputation among the “100 most visible
companies,” nationwide according to the 2017 Harris Poll Reputation
Quotient® study. February 2017
Ranked #4 on Forbes magazine’s 2016 list of America’s Best
Ranked #1 on Fortune magazine’s 2016 The 15 Best Companies to Work for
Ranked #6 on People magazine’s 50 Companies That Care 2017 list
A study of more than 10,000 consumers nationwide conducted by Market
Force Information in April 2016 concludes that Wegmans is America’s
Chris McChesney, the Global Execution Practice Leader, FranklinCovey,
said, “Not only is Wegmans a model of innovation for thousands of
companies around the world, they are also a model of organizational
execution and human engagement for all of our clients. They set a few
strategic, Wildly Important Goals, they separate those goals from the
Whirlwind, which is the urgent activity it takes to keep the
organization running every day, and they consistently execute on those
goals, no matter what, which is why they achieve breakthrough results,
again and again.”
The 4 Disciplines of Execution process is based upon the Wall Street
Journal bestseller The
4 Disciplines of Execution: Achieving Your Wildly Important Goals,
authored by Chris McChesney, Sean Covey, and Jim Huling. The process
provides a simple, repeatable, proven formula for achieving the goals
that an organization must reach. It allows leaders to effectively deal
with the most difficult aspect of creating breakthrough results: executing
a strategy that requires a change in human behavior.
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.
ABOUT FRANKLIN COVEY CO.
Covey Co. (NYSE: FC) is a global, public company specializing in
organizational performance improvement. We help organizations and
individuals achieve results that require a change in human behavior. Our
expertise is in seven areas: leadership, execution, productivity, trust,
sales performance, customer loyalty and education. Franklin Covey
clients have included 90 percent of the Fortune 100, more than 75
percent of the Fortune 500, thousands of small and mid-sized businesses,
as well as numerous government entities and educational institutions.
Franklin Covey has more than 100 direct and partner offices providing
professional services in over 150 countries and territories.
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Source: Franklin Covey Co.
Franklin Covey Co.
Debra Lund, 801-244-4474