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Time is a non-renewable resource; a fixedasset. We must invest our time in these four dimensions of leadership: Invest In Time To Be Strategic. The heart of leadership is inspiration and influence; the words and actions that flow from our values express our character and motivation. Know When It Is Time For Action.
Remember that your team’s time and energy is a fixedasset. Read the rest of this post at thoughtLEADERS, LLC: Leadership Training for the Real World. This can mean temporarily pausing some work to accelerate or add new projects. Shifting focus doesn’t mean adding new things to focus on.
Bringing on more fixedassets, instead of building market-leading capabilities. Emulating competitors and pursuing industry benchmarks rather than seeking differentiation. Hedging bets with multiple options, which reinforces complexity and raises costs. Leaders must compel the organization to choose.
These choices historically conferred advantage – first-mover, scale – but asset-based scale advantages have diminished in recent years, thanks to technology, cheap information, and outsourcing. Assets are important, but they are, increasingly, table stakes in most competitive industries; everyone in the game has them.
How crazy is it that companies are willing to invest in preventative maintenance on fixedassets such as their machinery, but typically won't make a comparable investment to enhance and sustain the health and well-being of their employees?
At many companies the total cash investment in acquisitions, R&D, and fixedassets has not earned back its cost of capital after adjusting for the time lag in realizing incremental benefits. Decision making Leadership' That outcome reflects the wrong allocation and/or ineffective execution.
Those among China's leadership elites who feared chaos in this transition will be relieved; those who had hoped that the events of the last year might offer the prospect of political reform will be disappointed. Will Zhang Gaoli, as overseer of the economy, continue China's fixation on fixed-asset investment?
But as we accept that leadership comes in many forms, from managing crises to coaching employees, we need to do the same when it comes to innovation. It’s the continuous technological innovations that will exploit your fixedasset base. It’s a wide variety of things.
China’s global economic power continues to grow, yet the decision-making dynamics of its top leadership remain a mystery. This complicates the ability of outsiders to understand the purpose for and implications of policy changes.
Previously strong barriers to entry have perished; fixedassets such as car fleets, hotels, bank branches, and landline infrastructure have become weaknesses. One way is by reducing dependence on fixedassets. Another is by taking underused assets and monetizing them.
“Our clients had left, and our leadership – mostly expats – went to Colombia.” For a services firm, De Maeseneire said, the calculation is different than for a manufacturer: services firms have fewer fixedassets to look after, and their clients often are fellow multinationals.
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