Do not compare yourself with your peers, it is the recipe for disaster. Company complacency is the biggest threat to companies today. Being happy and contempt with what you’ve got creates a company blind spot so big that no one will see the real threat before it’s taken a significant chunk of the market, if not all
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Hiring top talent is a two-way commitment; the organization must be able to cope with the high-flyer and the new talent should be able to navigate the culture. This does not always happen and the results are devastating. Both parties must work for a way out to succeed
A lot. But a lot of the wrong things. Imagine for a second you’re part of an organization without a clear strategy – for sure the company would have a high-flying vision as they all do, but the vision is not translated into goals, meaning, targets and action plans for the units and employees
So what happens?
You will find (un-)conscious incompetent people amongst your colleagues and this is where you should apply the thoughts presented here
If you really want to make a difference, you must do something else than your competitors
Something that has not been done before (at least in your part of the world or in your markets) - it doesn't have to be a grand strategy that disrupts the complete industry, but it has to be something not quite seen or experienced before within your realm of business
In an ever-changing world you need to be ever-changing too
The days of grand project schemes with three years' completion time are over (unless you're in the construction or pharmaceutical industry ;-) because your business environment changes so much in three years that your projects most likely will be obsolete and outdated once they're finally done
You've tried it. We all have; the endless e-mail dialogue with maybe-not-our-best-colleague where we constantly battle to find arguments to prove the other part wrong
And the other part literally sitting in the office on the other side of the hallway, less than 10 meters away from you
It all started one morning with an email from that colleague with a message that annoyed the living daylights out of you...
Every time I go to a conference, read a blog, a publication or a white paper, I experience the same; lot's of great ideas, points, takeaways and 'trueisms' (things that you just know are true)
And every time I get a little annoyed
I hear and read from so many 'experts' how to do the right way in social media, in customer loyalty, to avoid business disruption, to prepare for the next 'big' etc. etc. and I just feel it's to easy for them to say
Only very few problems goes away by ignoring them; most prevails and even tend to grow bigger by not addressing the issue
Why do we tend not to address the clear and present challenges in front of us?
The business environment in the Middle East is changing at a pace, I feel, faster than most business professionals realize - or want to realize
Existing, long-established companies in the GCC have to find a way of combining the traditional and successful way of doing relationship-based business with the increasing focus on and demand for business performance metrics