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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.,
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.
Why You Need ChatGPT Right Now ChatGPT isnt just a shiny new toy for tech enthusiasts; its a transformative force for productivity, decision-making, and innovation. Innovation Engine: Stuck on a problem? ChatGPT helps you think outside the box by generating creative solutions and perspectives you wouldnt come up with.
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.
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.
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. A leader simply operates at their best when they understand their ability to influence is much more fruitful than their ability to control.
Leaders who don’t understand the value of distributable and actionable knowledge not only limit opportunities, but they’re also building huge contingent operating liabilities. It’s one thing to possess knowledge, but it’s quite another thing to leverage it.
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.
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.
These silos are staffed with legions of “tenured&# COBOL and C++ programmers, as well as &# tenured&# IT managers overseeing the operation. 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. A leader simply operates at their best when they understand their ability to influence is much more fruitful than their ability to control. Bottom line – what you do or don’t surrender to will define you.
And the bottom line is that trust is anything but soft. Trust needs to become baked into the DNA, strategy, and day-to-day operations of all aspects of business because it impacts relationships with all the business stakeholders. Customers are willing to speak up, organize, and boycott when their expectations aren’t met.
The hotel opened in 705 AD and is still operating. Professor Makoto Kanda from Meiji Gakuin University studied the Nishiyama Onsen Keiunkan Hotel and other long-term operating businesses to understand their longevity. Initiative, innovation, and risk-taking lose out because they tend to harm metrics. Impressive. His findings?
Amazon’s impact is so pervasive that business leaders in nearly every sector around the world need to understand how this force of nature operates. How Innovation Works : And Why It Flourishes in Freedom by Matt Ridley. It speeds up in some sectors and slows down in others. For bulk orders call 1-626-441-2024.
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?
What about competing against the innovation of others that could cause the obsolescence of your product or service? Bottom line…Just because a business has a particular advantage doesn’t mean that it can disregard sound business logic. Well actually, no it’s not.
These priceless individuals value results and the bottom line. They value traditions while encouraging innovation and creativity. They value traditions while encouraging innovation and creativity. The leaders people want to follow balance bottom-up and top-down decision-making. But they don’t stop there.
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.&#
His book The Innovators Dilemma has impacted the business world perhaps more than any other book in recent history. According to Christensen, you keep nimble and respond to up-and-coming innovations at the bottom of the market. Integrity Leadership Purpose change Clayton Christensen Innovation'
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.
In the words of Robert Anderson and William Adams, authors of Scaling Leadership , “We are running an Internal Operating System that is not complex enough for the complexity we face. The bottom half is comprised of 11 Reactive Tendencies. How do you show up as a leader? This is our Development Gap.”
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.
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.
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.
AND then, I became a large team operations leader. And also importantly, I knew how to measure their impact on bottom line business results. Except for one random dude who came up to me after a keynote I gave that first year. Their questions can lead to innovation. I’ve lived want I yearned to teach.
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.
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.
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.
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.)
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. Thoughts?
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…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?
Don’t utilize your competitions practices, but rather innovate around them and improve upon them to create an advantage that can be leveraged in the market. A solution that is situationally appropriate and highly adaptable to unanticipated stresses is, in a way, “best&# , but rarely shows up in the “solutions&# literature.
Bottom-Line… [link] Dr Sarah Morris Great post! Significance Your Story Matters Service Above Self Capital vs. Influence Dealing with Tough Times The Lost Art of Brevity The Leadership Vacuum Shut-up & Listen Stop Selling and Add Value Social Media Influence The Influence Factor Ideas Dont Equal Innovation Indispensable?
They are the ones innovating and breaking-down barriers. 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.
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.
The word no ends discussions, stifles creativity, kills innovation, impedes learning, and gates initiative. 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.
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?
Why You Need To Play With AI Right Now AI Tools arent just shiny new toys for tech enthusiasts; theyre a transformative force for productivity, decision-making, and innovation. Innovation Engine: Stuck on a problem? AI helps you think outside the box by generating creative solutions and perspectives you wouldnt come up with.
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.
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?
If change and innovation weren’t key contributors to sustainable success, and the enterprise could just run on auto-pilot, you could replace the CEO with a General Manager. The bottom line is this…Bleeding is not a healthy thing. The fact is that business is not a static endeavor. 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? In fact, most differences don’t require intervention as they actually contribute to a dynamic, creative, innovative culture. The Importance Factor : Not every difference needs to be resolved.
Are you someone who shows up to work, or are you the person who shows up on fire for what you do? You’ll show up, perform your tasks, and clock out. You begin to understand the intricacies of how your company operates and the way every piece fits together to form a bigger picture. That’s when the magic happens.
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