Posts Tagged ‘management’
Tuesday, September 15th, 2015 by AdvisorCatalyst
One key reason teenage drivers crash four times more often than older drivers is an underdeveloped skill of scanning – glancing around for 360 degree awareness. Leaders can struggle with the same weakness in an organizational sense. Disruptive ideas, be it innovation opportunity or business model threat, will most likely come from outside your industry.
More experienced leaders are better prepared to understand significant outside developments and how they apply. However, it requires looking around. These activities can help you hone scanning skills:
• Read or skim a wide variety of magazines
• Talk to people in different industries
• Attend other industry conferences
“Excellence is to do a common thing in an uncommon way.” Booker T. Washington
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Friday, July 31st, 2015 by AdvisorCatalyst
People easily identify my children as belonging to me. In addition to physical distinctions, we share a few marked behaviors and attitudes. When I’m bothered by what I see in my children (e.g., lack of follow through or resistance to change), I try to examine myself as the leader.
Similarly, in organizations employees may take on the characteristics of their leaders. Are you annoyed with certain behaviors, reactions or attitudes you see in people you lead? Consider, these could be “chips” from your leadership block.
If we want to see different chips we must be willing to change the block.
“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” John Quincy Adams
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Monday, June 15th, 2015 by AdvisorCatalyst
Common sentiment seems to hold that we are back in a period of strong economic growth. Leader’s radar screens are filled with many new and exciting opportunities. We can get downright giddy after slogging through years of a tough market.
We may also find ourselves unprepared for saying NO to the majority of good opportunities. Yet, it is critical we do so. Instead, too many leaders will do almost anything to keep all their options open. In the end, hedging options typically slows down decision making and robs resources (commitment) from the best opportunities.
How can you limit your options?
“Simplicity is the ultimate sophistication.” Leonardo da Vinci
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Tags: In 100 Words, Leadership, management, strategy execution, Troy Schrock
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Friday, May 1st, 2015 by AdvisorCatalyst
Don’t expect your team to become strong by itself – as if by spontaneous combustion. Strong teams develop with external energy, that is, individual team members committing to each other and to their common cause.
Whose job is it to build a strong team? Obviously, the team leader bears direct accountability. That being said, if you are the member of a team, you need look no further than yourself. Do not think it is the job of the team leader only. Everyone on the leadership team can take responsibility for strengthening their level of commitment to one another and the cause.
“Alone we can do so little, together we can do so much.” Helen Keller
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Saturday, March 14th, 2015 by AdvisorCatalyst
How is your annual strategic plan faring now that we are almost 90 days into the year? In What Makes an Effective Executive, Peter Drucker makes this statement regarding the strategic plan:
“It must not become a straightjacket. It should be revised often, because every success creates new opportunities. So does every failure. The same is true for changes in the business environment, in the market, and especially in people within the enterprise – all these changes demand that the plan be revised.”
It’s hard to say it any better. What fine-tuning adjustments do you and your team need to make?
“A written plan should anticipate the need for flexibility.” Peter F. Drucker
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Tags: In 100 Words, management, strategy execution, Troy Schrock
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Monday, December 15th, 2014 by AdvisorCatalyst
It is an appropriate time of the year to consider the benefits of giving and receiving. In the business world, though, it is about trading knowledge rather than tangible gifts. Many people would be surprised if they knew how freely business leaders share expertise and experiences with other leaders. In my experience, most leaders have a genuine desire to share with, as well as learn from, others. They have learned the wisdom of being both a teacher and student – to humbly share and excitedly learn.
So, let the exchanging begin because to both the givers and receivers belong the gain!
“We make a living by what we get. We make a life by what we give.” – Winston Churchill
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Saturday, November 1st, 2014 by AdvisorCatalyst
We are so conflicted when it comes to failing. Failure is painfully hard to endure, yet amazing break-throughs can emerge out of the trial. The failure of Plan A may lead to a successful Plan B (or C or H…). We achieve success precisely because we failed earlier attempts. So, the faster we fail, the more quickly we can succeed.
Certain sales approaches teach how to get to “no” quickly. There is something to that attitude. Why waste resources hoping? Choose a path then push, fail, learn and modify. Repeat. With some iteration of the cycle success will likely emerge.
“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” –Colin Powell
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Monday, September 15th, 2014 by AdvisorCatalyst
Lack of preparation is one of the surest ways to waste a good meeting. Do you remember Kramer’s classic entrances in the old TV sitcom Seinfeld – the off-balance slide with hair wildly flying? This is how many executives enter their meetings.
Meeting effectiveness is directly proportional to the preparation time participants expend. Each participant should run through this simple pre-meeting checklist:
- consciously note the meeting objective
- review key topics and input data
- write down what debates and decisions are needed
Scheduling buffer time between meetings is the practical transition mechanism for accomplishing this preparation. Don’t waste another meeting; enter prepared.
“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” –Abraham Lincoln
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Friday, August 1st, 2014 by AdvisorCatalyst
We can become trapped by thinking and methods which are currently successful. Existing strengths or competitive advantages can also quickly turn into major limitations. The very factors which led to past successes become impediments to future, larger accomplishments.
This reality is difficult to see precisely because current achievements are directly linked to a particular paradigm we created and exercised (usually for years). However, our framework must flex.
In short, we must be willing to change and discard even successful efforts. This is what Peter Drucker referred to as “systematic abandonment.” We should consciously shift resources to new, more promising opportunities.
“Don’t let yesterday use up too much of today.” –Will Rogers
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Saturday, June 14th, 2014 by AdvisorCatalyst
Superior performance is rarely achieved through relentless force and pushing. Great leaders learn to strike a balance between motivational challenging and patience
Leaders CHALLENGE by:
- Expecting great results and holding people accountable.
- Practicing continuous learning themselves followed by wise application of concepts.
- Maintaining key disciplines such as meeting rhythms and priority-setting.
- Driving resource alignment around strategic priorities.
Leaders demonstrate PATIENCE by:
- Knowing change does not happen overnight.
- Spending years developing an effective, healthy leadership team.
- Understanding there is a limit to how much a person can take on and absorb (stretch) at any point in time.
- Repeating themselves…without showing frustration.
“Patience is the companion of wisdom.” –Saint Augustine
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