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That’s a shame because the aviation industry as a whole still continues to be an industry model for how to operate with extremely high reliability despite having a highly fragmented set of organizational entities. The biggest challenge for companies when it comes to operational excellence is siloed behavior. logistics, and finance.
A significant area of responsibility you’ll find yourself taking on board when running a business is managing its finances. Operate to a Budget. You’re going to need to operate to a budget , meaning that you should take into account how much money you have available to spend within your business and where you want to attribute it.
This is the definition of presence, and it is only when we operate in the present that real creativity, growth and innovation occur. Operating in excess of that threshold will cause increased stress, lack of attention to detail and errant decisioning. Is your rubber-band stretched so tight that it’s about to snap?
Great businesses are in constant search of improvement, innovation, change, disruption, knowledge and other strategic leverage points that lead to a competitive advantage or operational enhancement. Well actually, no it’s not. Don’t fall into the rut of allowing your business to be trapped in a perpetual state of static thinking.
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Posted on January 21st, 2011 by admin in Leadership , Miscellaneous , Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth Entrepreneur, CEO or Both? Which hat, or hats do you wear? CEO…that title sounds good doesn’t it?
Rarely will you come across a static opportunity in the sense that it will stand idle and wait for you to act…Significant opportunities are not only scarce, but they typically operate on the principal of diminishing returns. So much so, that if you don’t think timing is everything - think again.
Edinger , author of the book, The Growth Leader. His book explains why that is true. By reading the book, you'll learn how to ensure growth strategy is aligned at every level of your company, from boardroom initiatives to daily customer interaction. Thank you to the books publisher for sending me an advance copy of the book.
Also, a common response is to confuse a sales engine, fulfillment process, operational process, technology platform, or any number of other areas as business models, where this is not the case. Furthermore, a business plan, strategic plan, marketing plan, capital formation plan, exit plan, etc., are also not business models.
Posner have written a new book that examines a fundamental question: How do people learn leadership? The book offers a concrete framework to help individuals of all levels, functions, and backgrounds take charge of their own leadership development and become the best leaders they can be. Kouzes and Barry Z. Blog Post ). Blog Post ).
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These silos are staffed with legions of “tenured&# COBOL and C++ programmers, as well as &# tenured&# IT managers overseeing the operation. Walking into these organizations is often like traveling back in time 20 years.
The moral of the story is this…A lack of delegation creates operational bottlenecks, delegation confused with abdication creates organization chaos, and effective delegation of authority vs. tasks creates personal and operational excellence. Share and Enjoy: View Comments bfpower Well said, Mike.
The harsh reality is that great numbers of leaders continue to operate in a vacuum by sequestering themselves away in the corner office and attempting to lead from afar. So the real question is this…how does a CEO get to the point of being so disconnected from operations that he or she just doesn’t have a clue?
Gut instincts can only take you so far in life, and anyone who operates outside of a sound decisioning framework will eventually fall prey to an act of oversight, misinformation, misunderstanding, manipulation, impulsivity or some other negative influencing factor. They make bad decisions.
The methodology laid out in her book 'Fierce Conversations' is SUPERB! Sarah [link] mikemyatt Hi Sarah: Thanks for the comment and mentioning Susan Scott's Book. Closing gaps becomes much easier when you can position differences as non-adversarial and operate within a framework of trust. Thanks again.
Even solid world class institutions like the University of California Berkeley under the leadership of Chancellor Birgeneau & Provost Breslauer are firing employees, staff, faculty and part-time lecturers through “Operational Excellence (OE) initiative”: last year 600 were fired, this year 300.
Find HR’s hand (in a good way) in everything as an enabler and contributor to operations flowing all the way through to customer/client satisfaction. With a diverse background in human resources, information technology, and operations, his business and leadership acumen is only exceeded by his commitment to making others better.
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Posted on July 7th, 2010 by admin in Leadership , Operations & Strategy , Rants By Mike Myatt , Chief Strategy Officer, N2growth I have read some interesting articles and blog posts of late on the subject of CEO term limits, and felt this topic worthy of discussion.
A New York Times, Wall Street Journal, and Business Week best-selling author , John has sold more than 18 million books. In fact, three of his books (The 21 Irrefutable Laws of Leadership, Developing the Leader Within You , and The 21 Indispensable Qualities of a Leader) have sold more than one million copies each. Oswald Sanders.
Posted on October 13th, 2010 by admin in Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth How dumb is your business? If your company can’t be operated by mere mortals, you need to reexamine your business logic.
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Most people can cite several of Mark Twain’s quotes, but only a few of his books. Think about how often a sentence or two written down in the form of a quote has created a legacy long surpassing many more complex and lengthy works. So, how do you know if you’re guilty of contributing to the destruction of brevity?
Did you know that the average American only reads one book a year? Contrast this with the fact that CEOs of Fortune 500 companies read an average of four to five books a month. Even more impressive is that some of the most successful leaders throughout history were known to read one book every single day.
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Marshall has authored 30 books (most recently: What Got You Here Won’t Get You There and MOJO ) as well as a plethora of other published material, and his services are in such high demand that his waiting list for new coaching clients has more than an 8 month backlog. but everything to do with helping people.
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Why shouldn’t there be something, other than a book and a “good luck” handshake, to offer a newly promoted or soon to be promoted senior manager to help them be successful in their new role? In my opinion, Scott’s book is one of the best on senior leadership transitions, and much of the program will be based on its principles.
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These tenets are discussed at length by Vineet Nayar of HCL Technologies, in his book ‘employees first, customers second’ [link] mikemyatt Hi Kavita: Thanks for your comment. Leaders who operate behind a veil of secrecy are only setting themselves up for a rude awakening. should anything be transparent?
Posted on March 24th, 2010 by admin in Miscellaneous , Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth Is the customer really always right? How far should a company go to satisfy their clientele or customer base?
How did the brick and mortar book stores let Amazon get the jump on them? While much has been written about corporate vision, mission, process, leadership, strategy, branding and a variety of other business practices, it is the engineering of these practices to be disruptive that maximizes opportunities.
My book, The Three-Dimensional Leader supports a lot of these points by explaining how leaders need to see what they are tasked to achieve in terms of my MRC concepts of mission, resources and context. Not one should miss. This message is originated in Buenos Aires, Argentina [link] Earl C Wallace Great points.
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It takes a blending of approach to craft the right message and this will not happen when operating in a vacuum. When someone asks me about an operational matter in the corridor and I haven’t got the key points mentally articulated, I am all over the place.
The same holds true with authors that release books with too high a frequency, or actors that churn out too many movies. Let me offer just a few examples to help connect the dots: Recording artists that release too many CDs over too short of a time period hurt their own appeal.
The act of operating in the truest best interest of others is the issue. By treating "love" as a verb and as such being actionable and intentional in its application, leaders can be more purposeful and consistent. Thanks for the astute observations Mark. Mike Henry Sr. Thanks for the great post. You're right on regarding love.
Posted on November 29th, 2010 by admin in Miscellaneous , Operations & Strategy , Talent Management By Mike Myatt , Chief Strategy Officer, N2growth Bonus or no bonus? That is the question.
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