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Indeed, executives often see themselves as industry or functional domain expertswhether in tech, health sciences, finance, or as an engineer, designer, or head of operations. For example, evidence shows that for most of us, operating on fewer than six hours of sleep is equivalent to operating while drunk. In the U.S.,
Management teams are always looking at the bottom linealways. Lets do the math Im not saying this to scare youIm saying it to wake you up. Over the years, youve moved up, earned those raises and promotions, and you deserve every penny. If youre still operating like its 2010, thats a problem. But it's also an opportunity.
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. Recall how the U.S.
Astute investors mitigate risks and help to insure operational success by adding value to the business model, and by filling gaps that may exist in any of the areas I mentioned in the opening sentence of the preceding paragraph. Will I have unfettered access to other CXOs within your portfolio companies? . Thoughts?
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. Bottom line…success equals focus. I Think Not.
Bottom line…Just because a business has a particular advantage doesn’t mean that it can disregard sound business logic. 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.
These silos are staffed with legions of “tenured&# COBOL and C++ programmers, as well as &# tenured&# IT managers overseeing the operation. The bottom line is this…as an employer you need to possess an extreme bias toward performance. Walking into these organizations is often like traveling back in time 20 years.
Instead, we’ve looked for a new scapegoat, chosen to operate from the same fundamental theories, and doubled down on the same fixes." We haven’t examined the broader theories that underpin our economy and that informed all of those ineffective fixes after the last crash. THE STORY BEGINS.
Posted on March 24th, 2010 by admin in Miscellaneous , Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth Is the customer really always right? 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.
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. The bottom line in regard to today’s thoughts on business modeling can be summed up in the following three points: 1.)
Bottom line…if you have high employee turnover (see “ Cutting Employee Churn “), a fractured corporate culture, a lack of leadership development and mentoring programs, regressive compensation programs, and a lack of C-level focus on talent then talent cannot be your biggest asset. I Think Not.
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.
They were the born leaders we all grew up with. I meant this post to be more of a thinking exercise than a choosing-up sides and fighting till the bitter end drill. They were your class presidents, team captains, club leaders, and the people who held virtually all the available leadership positions you can imagine early in life.
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. I Think Not.
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. Bottom line…check your motivations. With the proper perspective and focus it is quite possible to be both efficient and effective. Effective (N2Growth) [.]
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?
From my perspective, the issues surrounding conflict resolution can be best summed-up in three words…&# Deal With It. &# While you can try and avoid conflict (bad idea), you cannot escape conflict…The fact of the matter is that conflict in the workplace is unavoidable. If so, you likely have issues with conflict.
Bottom-Line… [link] Dr Sarah Morris Great post! I think not. While confidence can be mistaken for arrogance, and vice-versa, they are clearly not interchangeable terms. Ramzi I think arrogance is a sign of lack of self esteem. I Think Not. Whos Reading N2growth Twitter Updates mikemyatt: Poor work requries a lot of explanation beca.
As the old saying goes “you only get one chance to make a first impression,&# and often times it is the perception of appearance that determines whether or not you are even afforded the opportunity to get up to bat. The truth is most people when first meeting someone will quickly attempt to size them up. Clogston Hi, Mike.
Bottom line…unproven leaders come with a high risk premium. Bottom line – leaders who build a static business doom themselves to failure. Someone who has consistently experienced success in leadership roles has a much better chance of success than someone who has not. Visit [link] to learn more about the leadership system.
That said, I have little use for social networking junkies who collect friends/followers/contacts just for the sake of watching the numbers go up, while adding little or no value to their network. We have all been the victim of somebody's saved up tweets-all blasting out at one time. And then the cynic in me emerges.
While many people immediately conjure-up an image of the ever so tough, bombastic extrovert without an ounce of compassion as the picture of what constitutes a real leader, nothing could be further from the truth. The act of operating in the truest best interest of others is the issue. Starting to get my drift? What do you think?
How many times have you put up with, or overlooked certain weaknesses in people because of their considerable strengths in other areas? The sad thing is they don’t just exist on the golf course… My bottom line is this…real leaders don’t accept mediocrity - they constantly seek improvement. Know the type?
No is not all it’s cracked-up to be…Still don’t believe me? It means your vision is not understood, your team is not aligned and your talent is not performing up to par. Bottom line…Yes is not a sign of weakness – it’s a sign of intelligent leadership. It is you who have made assumptions.
Bottom line…the way you identify leaders is not through psychological profiling or some miraculous transformative process. They're the ones on behalf of the team who step up and do a faceplant with an oncoming tomato. You bring up some great points about leadership and responsibility. angelabisignano Good post Mike!
Bottom line…I’m in awe of those who have mastered the art of brevity, and after looking back at this post I must admit that I still have some work to do… Share and Enjoy: View Comments Anand Very nice article to mention about the brevity – Don't beat around the bush, come to the point. I Think Not.
Posted on November 29th, 2010 by admin in Miscellaneous , Operations & Strategy , Talent Management By Mike Myatt , Chief Strategy Officer, N2growth Bonus or no bonus? I believe that it can actually be both, but that decision lies solely with the employer, and is not really up to the employee no matter how much they might feel it is.
Bottom line…Don’t manipulate for personal gain, rather facilitate for mutual benefit. It's sad that many potential leaders look past this and end up frustrated when they can't get people to act, little do they know they haven't developed trust. Thanks for stopping by David. link] Charles Hey Mike, you hit it right on.
The bottom line is this…Bleeding is not a healthy thing. That is the question that many a business is forced to ask at some point during their life cycle. Current or anticipated changes in market conditions that will adversely impact your business model. I Think Not. mikemyatt: RT thx @ArtieDavis @MarkOOakes @words4warrio.
Bottom line…don’t be the CEO who causes your management team to continually say “the boss won’t go for that one.&# Keep up the good work Mark [link] mikemyatt Brilliant commentary Mark. If you lead from the front by inspiring change, innovation, and disruption your business will surely prosper. I Think Not.
If you crush the individual character and spirit of those who form your team, how can your team operate at its best? If a conflict does flair up, you will likely minimize its severity by dealing with it quickly. The bottom line is that people matter, and but for people organizations don’t exist. Great article.
The bottom line is that I really like him, I just wished he had more new material to share. Leaders get too caught up in trivial things and don’t pay enough attention to leadership development. Up next was Calos Brito, CEO of Anheuser-Busch InBev. Joseph Grenny was up next talking about influence and leadership.
My advice to you is not to let your business get caught up in embracing random ideas – at least not without some initial analysis being conducted to determine the likelihood of success. Contingency : Nothing is without risk, and when you think something is without risk, that is when you’re most likely to end-up in trouble.
Bottom line…While I can appreciate eloquent and detailed word pictures, they are not always needed. In fact, look no further than the current business innovations to seek validation for my assertions. I Think Not. Whos Reading N2growth Twitter Updates mikemyatt: Poor work requries a lot of explanation beca.
If conflict does flare up, you will likely minimize its severity by dealing with it quickly. Bottom line…If you can’t avoid the crazies there is still hope…I sincerely believe productive working relationships can be formed with even the most difficult people where there is a sincere desire/need to do so. I Think Not.
Pricing impacts everything from strategy and tactics, to finance, to branding, to marketing and sales, to vendor selection and supply chain management, to recruiting and compensation, and to customer satisfaction and loyalty. As mission critical as pricing is, it is also one of the most often undervalued and overlooked business disciplines.
Bottom line – If you’re a leader then you need to watch this interview. Thanks for stopping by Scott. I Think Not. Whos Reading N2growth Twitter Updates mikemyatt: Poor work requries a lot of explanation beca. mikemyatt: RT thx @ArtieDavis @MarkOOakes @words4warrio. mikemyatt: RT @janemyatt Their sacrifice.
A prevailing narrative around AI is that it will take care of the drudgery of life and free us up to do the things that make us uniquely human. Nowhere is this more evident than in areas like the gig economy, where workers typically operate under an algorithmic manager. One obvious one is around payment.
So now you’ve cut costs and freed up some cash. Half of that cost savings went to the consumer – the other half went to our bottom line. Nabob Coffee’s market share accelerated to 25% and national leadership as arch rival Maxwell House worked to catch up. That’s far from the end of it. And guess what? Leave a Reply Cancel reply.
Bottom line…Just because a professor says it’s so, a consultant recommends it, a book has been written on it, or a product has been developed for it doesn’t mean that whatever “ it &# is constitutes the right option for you. As always, I welcome your comments below… Share and Enjoy: View Comments myersk Agree.
The answer is that you’ll have reached the point where your interactions with others consistently use the following 10 principles: Speak not with a forked tongue : In most cases people just won’t open up those they don’t trust. Open dialogs with those that confront you, challenge you, stretch you, and develop you.
While individual leadership approaches will be as different as night and day, and some will clearly be more effective than others, there is something to be learned from them all…There are leaders that we look up to by virtue of their street-smarts, wisdom, and experience; or by virtue of their expertise and contribution to a given field.
It can be difficult yet rewarding to keep a small business up and running. Whether you’re looking to reopening or just need to cut down your current operating costs, there’s much a small business owner can do. There so many different software programs out there that can help to streamline your business operations.
The premise of his piece is that the landscape of the Blogosphere is changing radically, and that as such many “A-Listers” have either quit, or are contemplating giving-up their blogging endeavors. The bottom line is that the numbers do in fact speak for themselves. Blogging is much more than the latest trend and is here to stay.
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