The Origin of EOS
Wickman was an entrepreneur who entered the entrepreneurial world at a young age. In his 20s, he came up with EOS after noticing that many of his fellow entrepreneurs lacked confidence, which would lead them to make mistakes in their decision-making processes. He knew there had to be a way for these individuals and businesses to feel confident about their decisions while also giving themselves room for growth when it came time to start taking risks.
As the saying goes, “There is no such thing as greatness without risk-taking!” That being so, Wickman created EOS to empower business owners to take control over their companies and issues while still being able to grow responsibly and become great.
What Makes EOS Different From Other Models
EOS is different from other models because it’s a system that can be used by anyone whether they are in the public or private sector. This means that there are no boundaries on what a person can use EOS for, and all individuals have an equal opportunity to take advantage of this technology.
It also provides a way for entrepreneurs, as well as businesses, that want to adopt its principles and procedural steps, to get up-to-speed with how the company works; this includes knowing about the next steps, so they don’t make any costly mistakes. EOS gives business owners worldwide access without being too expensive upfront which makes it easy for people who might not otherwise have had the chance.
The Growth and Popularity of EOS
The Entrepreneurial Operating System has been adopted by many companies because of its profound effect on their growth. EOS focuses heavily on comprehensive business strategy and business management theories in order to help entrepreneurs and their entire organizations understand how they can best execute what they want to do while also managing control mechanisms and vision building within their business model; with this, fewer mistakes are made when executing tasks.
EOS Worldwide’s website indicates that more 80,000 companies use their tools or system.
It should be noted that EOS has developed into a much bigger practice over time as more research is done to help bring awareness to its benefits for business leaders, while also continuing to grow the platform through new content that makes sense out of some confusing aspects of executing strategies.
The Key Principles of EOS
Some of the key principles to understand how EOS works include:
- Strategy: This is the first step in implementing EOS, and it lays out a plan for how to run your business or entrepreneurial company. The process consists of what you want to accomplish, who will be involved, where you are going, and what resources need to be utilized.
- Execution: The next part of this system is execution which provides strategies about how exactly an entrepreneur should execute their strategy. This ensures that every new idea has been considered thoroughly before being implemented because many entrepreneurs make mistakes when they don't think their plans all the way through beforehand.
- Control: All successful companies need control mechanisms and business operating tools to ensure that employees have clear guidelines on tasks, as well as consequences if those tasks aren't completed properly.
Roles within an EOS organization
In EOS, there are three different roles that a person can take on -- the entrepreneur (or visionary), the integrator, and the practice leader.
The role of the visionary is to create new ideas for products or services while the operators support them in their endeavors by becoming experts at what they do best. An example would be hiring someone who knows marketing well as your marketing expert.
The role of the practice leader is to help the entrepreneur execute and realize their entrepreneurial vision. An operating system is a set of rules that guide an organization on how to operate or what steps they need to be implemented in order for them to be successful as a business.
In the EOS context, this means practice leaders support the visionary with both entrepreneurship and operational excellence, which means they are able to provide support on all tasks for maximum business growth while also being innovative thinkers. The ecosystem of trust-based relationships between leaders within the company helps ensure its longevity because everyone has an understanding of what needs improvement or change so no one person can bring down the entire company.
In addition, EOS teams have open dialogue about pressing issues and what needs improvement or change so everyone knows where improvements are needed and can work together on team health.
The role of the integrator in an EOS organization is to unite the visionary with the practice leaders. They are experts in both entrepreneurship and operational excellence, which means based on their experiences, they are able to provide support on all tasks for measurable growth and make traction for their business while also being innovative thinkers who focus on achieving their company objectives.
EOS provides an ecosystem of trust-based relationships in which leaders work together as partners instead of competitors because they understand how important collaboration is when scaling their organization's potential over time. As such, EOS teams have open dialogue about what needs improvement or change so everyone is working congruently towards a greater common goal, yet staying focused on their practice area.
The main goal is to figure out how all the workers are going to fit together; the reason behind this is to ensure that no one area goes without support while still allowing people autonomy over what they do within it because as soon as you centralize power "you're just replicating your dysfunction."