Posts Tagged ‘iPod’

The Power of Persistence

Monday, September 12th, 2011 by AdvisorCatalyst

In May 2009, I had the pleasure of attending a Maximum Impact simulcast, which included an interview with former British Prime Minister Tony Blair. In my notes from that interview, I wrote the following:

3 Qualities of People at the Top Level of Any Organization:

  1. Self-belief
  2. Hard worker
  3. Able to rise from failure

That last one caught my attention. Who has not failed at something? Whatever achievement one pursues, obstacles are as sure as the sun rising. How people respond to obstacles is what sets the great ones apart.

I think the key ingredient to rising from failure is persistence – the stubborn will to keep pressing. (Click here for my previous blog on “pressing the initiative.”) Great businesses respond to failure by following the advice from the old song: “pick yourself up, brush yourself off, and start all over again.” That’s good advice whether “starting over” means starting from scratch or just making a tweak. The point is to not stand idle. If you just keep churning with the best decisions you can make, odds are that your efforts will eventually bear fruit – and it’s likely that future yields won’t be as difficult as the first.

Ironically, failure is often just as likely to come from success – or more specifically, from resting in success. Pioneers such as Wang Labs, Alta Vista, and Rio’s MP3 player are largely unknown to us today, but the products they created live on in Hewlett Packard, Google, and Apple’s iPod. These pioneers died not because their products failed, but because they failed to persist in the efforts that make them successful in the first place. Their innovative competitors quickly passed them by and took over the market.

Whether you have succeeded or failed, you must persist in your endeavor to be great. There is no silver bullet. Great achievements result from hard work over the long term.

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Press the Initiative

Thursday, June 23rd, 2011 by AdvisorCatalyst

At the October 2007 World Business Forum in New York, Garry Kasparov, the great world chess champion, noted that a player attacks in two ways. The first, “direct assault,” occurs when he is backed into a position he doesn’t like. Those who succeed are admired for their resilience and celebrated as a “come from behind” story. The second, which Kasparov called “creating and maintaining the initiative,” is preemptive in nature, putting the player in a position of leadership and control. It may lack the excitement of a surprise victory, but the persistent mastery is admired by all.

Many market leaders were not the original pioneers of their product. Examples include Boeing, Hewlett Packard, Google, and Apple’s iPod. In each of these situations, the market leaders outperformed the pioneers because they pressed the initiative. They continually improved, invested in people and research, and developed a strong organizational vision. Meanwhile, the pioneers lost an opportunity, not because they started badly, but because they stopped pressing.

How is your organization’s discipline in strategy execution? Create the initiative, and then keep pressing.

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In 100 Words: Press the Initiative

Thursday, June 23rd, 2011 by AdvisorCatalyst

World chess champion Garry Kasparov attacks in two ways: “direct assault” and “creating and maintaining the initiative.” The latter is preemptive, methodically putting the player in a position of leadership and control.

Many market leaders, including Boeing, Google, and Apple’s iPod, were not the pioneers of their industry. They simply outperformed the pioneers by pressing the initiative – continually improving, investing in people and research, and developing strong organizational vision. Meanwhile, the pioneers lost an opportunity, not because they started badly, but because they stopped pressing.

How is your organization’s discipline in strategy execution? Create the initiative, and then keep pressing.

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