Archive for October, 2024

In 100 Words: The Resource Disadvantage

Thursday, October 31st, 2024 by AdvisorCatalyst

Could being resource rich be a problem?  Leaders work to build resources to weather storms or take advantage of sudden investment opportunities.  This is wise.  There is a spot, though, where resource abundance can become a disadvantage.  Manager’s mindsets shift subtly.  The greater the buffer, the less careful leaders become managing resources.

Resource scarcity forces us to think more carefully about how we deploy those limited resources.  We get more creative in our solutions.  History shows innovation often emerges from people who turned their limited resources into an advantage.

Build buffer but manage as if your organization is resource poor.

“Beware of little expenses.  A small leak will sink a great ship.”  Benjamin Franklin

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In 100 Words: Standard of Leadership and Culture

Tuesday, October 29th, 2024 by AdvisorCatalyst

What standard of leadership behavior do you set in your organization?  You don’t need to look any further than the culture because leaders cast a shadow. It matters little what praise you speak about your leadership example if it doesn’t line up with what people in your organization see from you.

How well do you live the core values?  Core values are the first standard of behavior.  Other people will treat them to the degree you live them.  If a picture is worth a 1,000 words, think of the power you hold in personally modeling your organization’s standard of behavior.

“Example is worth a thousand lectures.”  Clarence Thomas (2008 interview)

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