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I had no intention of testing my ability to start an international leadership development company. The first decade of my career (and all my formal education) was about leadership development and communication. And also importantly, I knew how to measure their impact on bottom line business results. Is it familiar, yet novel?
W E OFTEN THINK of innovation as something visionaries draw out of thin air, like manna from heaven. Here’s an innovation story that’s closer to reality: It’s a story of loss, grit, and renewal. It’s also about a never-too-late approach to innovation that enabled a floundering business to launch a second golden age.
As a result of our conversation, I decided to dust-off an old post, give it a few updates, and pass along my thoughts, which can be best summarized as “ Ideas Don’t Equal Innovation. “ It is my hope to help dispel the myth that ideas are inherently good things.
The problem is that most business executives, even high-performing ones, dont recognize the value of mental state like elite athletes do, so they dont develop skills and habits to get to that state consistently and effortlessly. The bottom line: exercise is an important practice for effective leadership.
Guest post from Shoya Zichy: Innovation is critical to an organization''s growth and competitive advantage. Yet in a recent survey of 5,000 only 1 in 4 people believe they are living up to their creative potential. If you chose more items on the left, your inborn styles is that of a "structured" innovator.
Here's some new research on innovation and a guest post by By Rich Wellins, Ph,D., Senior Vice President, Development Dimensions International (DDI): In the past year, innovation has risen to the top of the business agenda. It seems not a day goes by that the major media writes (or broadcasts) stories in innovation.
Their greatest fear is no longer their closest competitor, but the startups which, although they live in metaphorical garages and have hardly taken off, have an innovation power that established organizations can only dream of possessing. The Three Tracks of Innovation. Optimizing innovation: Improving the past.
You see, leadership development and succession are only positive practices if they’re applied to those worthy of the investment. The point I ask you to ponder is this: Leadership teams often espouse the need for change and innovation, but rarely apply this thinking to themselves – why? Thoughts?
To become a successful customer focused business, your leadership must develop a holistic strategy that impacts every department, and revolutionizes the way you do business. It’s generals that craft military tactics, so it must be your executives that develop a business strategy. This in turn will benefit your bottom line.
To become a successful customer focused business, your leadership must develop a holistic strategy that impacts every department, and revolutionizes the way you do business. It’s generals that craft military tactics, so it must be your executives that develop a business strategy. This in turn will benefit your bottom line.
Whether it's the death of a friend, loss of a job, a bad break-up, or the isolation of Covid-19, those who manage to be where their feet are will grow, stretch and emerge stronger, smarter, and more prepared as we find peace and gratitude in the pause. The human spirit craves connection. Authenticity. We need to make our interactions count.
And the bottom line is that trust is anything but soft. Customer satisfaction occurs when a companies products and services live up to brand promise thereby improving reputational value and trust. Customers are willing to speak up, organize, and boycott when their expectations aren’t met. What is trust?
In fact, there are some very bright people who believe you simply cannot become a good leader without developing a mastery for using the word no – I couldn’t disagree more. The word no ends discussions, stifles creativity, kills innovation, impedes learning, and gates initiative. No is not all it’s cracked-up to be.
They were the born leaders we all grew up with. Leaders who rest on their laurels without making the effort to develop their skills will eventually be overtaken by those who view leadership as a professional skill to be developed and refined. If those three qualities are present, everything else can be developed.
It was a fitting tribute to the man who personified invention and innovation. Today, if you want to survive and succeed, you must come up with new ideas that help you do things better. Today, if you want to survive and succeed, you must come up with new ideas that help you do things better. Innovation Is A Team Sport.
Featuring commentary from the leaders themselves describing how they handled each situation, it helps managers better understand not just what emotional intelligence is, or how to measure it, or how it is linked to bottom-line results: it also shows how real leaders used their emotional intelligence to deal with real situations.
Not recognizing, developing, and rewarding talent is the fastest way I know of to drive talent out of your organization and directly into the hands of your competition. Tenure Inhibits Change and Cripples Innovation : Organizations that favor tenure also tend to be prone to majoring in the minors.
Let me be clear, I’m not encouraging giving in or giving up – I am suggesting you learn the ever so subtle art of letting go. Surrender fosters collaboration, encourages innovation and enables possibility. Bottom line – what you do or don’t surrender to will define you.
In American Management Association’s critical skills survey 2012 , respondents emphasized on 4 C’s ( C ritical thinking and problem solving, Effective C ommunication, C ollaboration and team building and C reativity and innovation) as their key priorities for employee development, talent development and succession planning.
How Innovation Works : And Why It Flourishes in Freedom by Matt Ridley. Innovation is crucially different from invention, because it is the turning of inventions into things of practical and affordable use to people. It speeds up in some sectors and slows down in others. And you don’t need any formal authority to do it.
One of my mentors once cautioned me about treating people as furniture saying that “individuals are not inantimate objects to simply be moved around and discarded, but that people require a constant investment of time and money to develop to their full potential.&# I Think Not. mikemyatt: RT thx @ArtieDavis @MarkOOakes @words4warrio.
Karl Moore takes a practical and down-to-earth approach to understanding what drives millennials and generation Z and how the education system they were brought up in has informed their worldview. Beyond Disruption : Innovate and Achieve Growth without Displacing Industries, Companies, or Jobs by W. What if we had that job?
The operational advantage created through effective KM should allow an enterprise to effectively address current needs as well as to strategically drive innovation and forward planning. . By requiring everyone to work on the same platform and environment, and within the same toolsets a certain sense of continuity and community is developed.
This is our Development Gap.” We need much more of the kind of leadership that is capable of scaling innovation, adaptability, sustainability, agility, and engagement as it is growth strategy. The bottom half is comprised of 11 Reactive Tendencies. How do you show up as a leader? We are often pushed to our limits.
It’s been almost 4 years now since my cable TV company was sold, and my wife and I packed up and moved from Stamford, Connecticut to Portland, Oregon. There was an entrepreneurial spirit that sprung from all the makers, foodies, techies, innovators, dreamers, and groundbreakers that lived in the city and throughout the state of Oregon.
Bottom line…personal responsibility and accountability have always been the ultimate leadership “hot potato&# in that everyone wants to be in charge, but few are willing to take ownership of the never-ending obligations that go along with the privilege of leadership. What say you??? 2 Tweets Who’s In Charge?
Companies consistently get culture wrong because they go about assessing it, and attempting to manage it from the top-down, not the bottom-up. Also, start-up companies in the Fujitsu technology accelerator program work in the satellite locations as well, creating a company-startup mashup. But what does this mean?
They are the ones innovating and breaking-down barriers. I’m a huge advocate of refining initiatives that allow any level of talent to be developed to the maximum potential. Leaders and non-leaders alike need career-pathing, training and development. They are the ones people turn to when things get tough.
Here’s my candidate for the worst innovation quote ever: Now, to be fair, it’s actually a paraphrasing of Emerson. Nevertheless, it reflects a very common innovation misconception – that it’s all about the idea. For the engineer, this usually means developing a design, or a model.
Few things are more critical to your efforts in increasing your revenue growth and corporate sustainability than understanding the value of disruptive innovation. So why do so many established and often well managed companies struggle with disruptive innovation? or my personal favorite, “We need to focus on our core business.&#
Co-Intelligence : Living and Working with AI by Ethan Mollick Something new entered our world in November 2022 — the first general purpose AI that could pass for a human and do the kinds of creative, innovative work that only humans could do previously. Why is having a mentor crucial to success?
It’s also important to understand that a toxic culture cannot exist if toxic people are not allowed to take up residence. Bottom line - toxic individuals kill productivity, and if allowed to run unchecked can have a much broader and deeper impact on an organization than one might think.
With all the emphasis on leadership development, I always find it interesting so many companies continue to struggle with being able to retain their best people. Ask any CEO if they have a process for retaining and developing talented people and they’ll quickly answer in the affirmative. They are built to change and innovate.
This is the definition of presence, and it is only when we operate in the present that real creativity, growth and innovation occur. Bottom line…success equals focus. Is your rubber-band stretched so tight that it’s about to snap? Efficiency and productivity are not found working at or even near capacity. I Think Not.
Moreover, the true litmus test for a thought leader is when their unique ideas are implemented in the marketplace, they tend to create disruptive innovation, and often change the way we view the world. Their work is widely regarded as being innovative, disruptive, and market altering. They are not the posers, but the players.
Initiative, innovation, and risk-taking lose out because they tend to harm metrics. For example, it’s not uncommon for companies to believe that improving the bottom line is more important that employee engagement or development. Picture the playground teeter-totter with one side up and the other down.
In fact, there are some very bright people who believe you cannot become a good leader without developing a mastery for using the word no as evidenced by the following quote from Tony Blair: “The art of leadership is saying no , not saying yes.” No is not all it’s cracked-up to be…Still don’t believe me?
My brother and I grew up in a neighborhood of boys near Rockford, Illinois. These conversations develop emotional connections and convey information that often has an impact on the execution of tasks. About Michael Find out about Michaels latest book, Fired Up or Burned Out. why is everyone smiling? why is everyone smiling?
The bottom line is this; I view one of the primary obligations of venture capital and private equity firms to be to drive collaboration and innovation across their portfolio companies. The moral of this story is don’t get so hung-up on valuation that you fail to get the in the trenches expertise your company will need in future.
Does the company purchase an off-the-shelf solution, utilize an ASP (Application Service Provider) solution or embark upon developing a custom application? Oh, and what about development methodology? I could go on ad-nauseum with this line of thinking, but I’m sure you get the point by now.
At an organizational level have you focused so much on process improvements and incremental gains that you’ve failed to recognize opportunity and innovate? As I’ve said many times before, things don’t always have to boil down to either/or types of decisions – not everything must end-up on the altar of sacrificial decisioning.
Let me be clear, I’m not encouraging giving in or giving up – I am suggesting you learn the ever so subtle art of letting go. Surrender: fosters collaboration, encourages innovation and enables possibilities. Bottom line – what you do or don’t surrender to will define you.
Bottom line…unproven leaders come with a high risk premium. The best leaders are focused on leading change and innovation to keep their organizations fresh, dynamic and growing. Bottom line – leaders who build a static business doom themselves to failure. Successful leaders focus on customer satisfaction and loyalty.
Lost Ancillary Revenue : On average, a single account is good for a 30 -40% cross-sell and up-sell revenue increase over time as new products, services, joint ventures etc. Over a 10 year period of time, assuming only 2 annual referrals, without any cross-sell or up-sell value being added-in, you just lost another $200,000 dollars.
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