If you insist on only looking at what your best close competitors are doing, you’re “comparing your horse to other’s horses and ignorant to the car being introduced next door”
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If you could choose only one core competence for your company, what would it be? And who would you partner with to secure your future success based on that single core competence?
Customers want experiences and entertainment regardless of industry, and if you don’t react to this, someone else will
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
It’s many times more difficult to change an organization and the people than it is to get approval to spend millions on ‘IT or digital transformation projects’ with a promising return on investment. It’s just a shame that so many really ignore that the return on investment only comes when people are regarded as the key critical success factor
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?
Imagine if you had to reinvent your current company’s business model from scratch. I’ll bet that you would see a lot of opportunities for improvements and a lot of processes, products (and people) that you wouldn’t need in a digitized new version of your company
When members of a crowd believes something is wrong, but don’t say anything because they think everybody else believe it’s right, they’re pluralistic ignorant. This is damaging to the way groups behave and adversely affects the effectiveness and success of organizations
The business history books are filled with stories of companies failing big time - and for no apparent reason. I believe the main reason is the power of informal, internal networks
Once your decision is made, stick to it and make it a success
A pilot doesn’t change his course because of strong turbulence, the path is only changed when severe thunderstorms are ahead
Do you fill out your suit or are you just loud?
World’s gone crazy, it seems. But we’re living here and we have to find a way of making peace with the speed of the World around us
I use checklists, and I use them proactively!
Always on equals never off
Being always on also means never being off, resulting in lost moments with family, friends and... life - this is the price paid for what is seen as success - and what I have to pay to feel fulfilled
You don't get people to change by commanding them or bossing them to do so - you get people to change by consistently and patiently understanding them and their situation and then slowly talk to them about benefits by doing things in a new way
If you want to win in business, be it customer acquisition, management of employees or procurement negotiations, all parties has to register a 'win' - at least for relationships with repeat interactions (as opposed to one-off deals)
We've just spend some days on the border between Myanmar and Thailand and that includes navigating difficult terrain through the jungle around the mountains
Which made me think - when I look down to make sure I don't step on scorpions, snakes or other unpleasant things, I risk losing wading directly into just as unpleasant bushes with sticky things that hurts long after...
It's much easier to complain and blame what we feel are outside factors for the frustrations that we encounter in our lives, professional as well as private
I personally feel I have a fairly good relationship between what I have to do and what I love to do - and at the same time keeping healthy to a level where I'm happy with it; here you can find the five things that I do to keep this going
Follow these six steps to get a good start in your new job or position - good luck