Being a member of a peer group can be a really powerful tool for individuals and organizations. What is a peer group? A peer group is a group of individuals who share similar interests and characteristics and meet to work toward common goals. We believe so deeply in the importance of peer groups, we’ve built our entire organization around them. This article will highlight just three of the powers of a peer group.
The power of others that have “been there, done that”
Nobody wants to recreate the wheel. There are better ways to spend time and money. However, we see many firms “spin their wheels” trying to solve a problem without knowing a similar-sized firm 300 miles away solved the same exact problem 6 months earlier. How much time and money would you save by having access to the knowledge and experience of firms that have struggled with the same challenges your firm is having?
Recently at a Boomer Technology Circles meeting, an IT leader was beginning to research various security options for protecting client data that was being accessed from a mobile device. Many members were able to provide guidance and advise as they had tackled the same issue the year before. The advice helped save that IT leader countless hours and headaches.
The power of peer accountability
Sharing projects, desired results, actions steps and due dates for goals with peers strengthens commitment. It can be much more difficult to tell peers that the ball was dropped than it is to tell coworkers. Especially when peers are expecting to hear about what was learned. Peers can more easily ask the tough questions and help align projects and expectations.
During these accountability conversations it’s often learned that others have experience with projects that you are starting. Identifying those peers that can be reached out to with questions between meetings helps keep projects moving forward, making achieving progress exponentially more likely.
The power of fun and relationships
I’ve never met someone investing in a peer group that wasn’t a hard worker with lofty goals. Being a high-performer, and interacting with other high-performers, is fun and energizing. It’s a great way to stay positive by being reminded that you aren’t alone in experiencing challenges.
Most peer group members will tell you that there is just as much value in having dinner and drinks with peers as there is during the meetings. Truly getting to know peers increases the value of the relationships and the group. Having fun along the way is a great byproduct.
I encourage you to explore peer groups to renew focus and energy in your position. Whether you are a partner, IT leader, niche leader or emerging leader, everyone can benefit from a strong peer group. You can learn more about Boomer Consulting, Inc.’s peer groups by visiting www.boomer.com.