During the past several Exchange Post articles, and more recently in my monthly โ€œTaking Care of People is Good for Businessโ€ messages, you may have noticed a focus on the need for us to further develop our competencies as we improve ourselves to be even more effective. People who have the best competencies have what I like to refer to as the โ€œIt Factor;โ€ they exhibit traits that stand out fromย the crowd.

Whether assisting customers, setting a planogram, managing a refund or developing a new program, we all contribute, but it is those who make the ordinary extraordinary who raise the game of everyone around them. These are the people with the โ€œIt Factorโ€ who take the time to invest in strengthening their core competencies.

โ€œTo truly be successful, we must go beyond process and take a hard look at our core competenciesโ€

So much of our time is focused on accomplishing the next task that personal development regrettably often gets overlooked. To truly be successful, we must go beyond process and take a hard look at our core competencies. At the Exchange, we have identified four core competencies to be effective leaders, associates and teammates:

People Leadership

  • How are you developing your team and those around you?
  • In what ways do you encourage them to grow?
  • Are you communicating with your teammates? Do they understand whatโ€™s going on in the organization?

Self Leadership

  • How do you continue to grow yourself?
  • What new tasks do you take on to keep your skills fresh?
  • Do you deliver on the commitments you make?

Thought Leadership

  • Do you consider the entire issue before making a decision?
  • Do you embrace new programs and show enthusiasm when you explain them to others?
  • Do you regularly review your financials to understand where opportunities for improvement exist?
  • Do you communicate current events and corporate financial news?

Results Leadership

  • Are you regularly focused on customers and how to provide an enhanced experience?
  • Are you all in when it comes to meeting your facility and our corporate objectives?
  • Do you have a plan for how you accomplish your role on a daily, monthly and annual basis?

LEX has many resources to help with competency development. A wealth of information about effective retail skills, including engagement, attentiveness and business competencies are also available on the Internet.

Noted leadership author John C. Maxwell says, โ€œReflection turns experience into insight. Itโ€™s not the experience thatโ€™s the teacher, itโ€™s the reflection. Reflection says go back to what youโ€™ve done and give it some thought. Out of that reflection, pull something out that you have learned or observed that is going to help you be a better person.โ€

Conducting an inventory

Maxwellโ€™s charge reminds us all of the necessity to conduct an inventory of our competencies prior to beginning a journey of improvement. How have you developed yourself? How can you grow further? Take a look in the mirror to determine where opportunities exist.

We have a robust workforce of dedicated associates who embody what it means to serve. Other than wearing a military uniform, there is no greater honor than serving those who serve. With this awesome privilege comes great responsibility.

Make a choice now

As Director/CEO Tom Shull said recently, โ€œ. . your steadfast commitment proves the Exchange is all in to serve those who serve.โ€ Simply stated, our customers deserve the very best from each of us every day.

Make the choice to begin a process of self-examination and put a plan together to deliver the level of performance the selfless service of the best customers in the world truly deserve. I look forward to seeing your competency improvement plans as I visit stores as we strengthen our collective โ€œIt Factor.โ€ย 

Thank you for all you do in serving the best customers in the world.

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