"The Factors Preventing Success [...] Many assume business or sports teams fail because they don’t react to the changing times — that they are often paralyzed, stunned and fail to conform to the new way of business. They are left on the street corner, missing the last bus to prosperity. But according to Donald Sull, an MIT Sloan School of Management lecturer, inaction isn’t typically the cause. Good companies that go bad do react, they just don’t sit idling by. The problem is their inability to understand the appropriate action. [...] What occurs when good becomes bad is the fresh thinking that led to the initial success of the company is often replaced by the rigid devotion to the status quo. [...] Instead of asking what we should do to get back on top, companies that are downtrodden need to ask, “What is hindering us from restoring our stronghold?” (The Daily Coach, July 11, 2024)
Dave Seitter’s Post
More Relevant Posts
-
Today’s leaders need to factor uncertainty into their decision-making and planning. Beyond the challenges, they need to recognize and be proactive to seize new opportunities, without taking undue risks for their organisation. To help you in this journey, Martin Weiss, Kerstin Fehre and I have developed a 3-day programme where we will focus on strategy in the face of uncertainty – and share practical tools derived from our research and work with companies. Concretely, what to expect? · Reflect on how uncertainty affects strategy and decision-making · Learn from best practices in the field · Share experience with peers · Experiment with practical tools · Walk out with a personal action plan for how you want to turn uncertainty to your advantage. Can’t wait to get started on June 19-21 in Brussels on the campus of Vlerick Business School! Read more - https://lnkd.in/eCPtn2EY #StrategyInUncertainTimes #VlerickBusinessSchool #strategy #StrategicManagement #DecisionMaking #uncertainty #futures #FutureStudies #Foresight #leadership Patrick De Greve Marion Debruyne (she/her) Kurt Verweire Esha Mendiratta Philippe Haspeslagh Filip Abraham Brett Hamilton Annelies Claeys Vlerick Strategy in Action Platform (SIAP)
To view or add a comment, sign in
-
In Optimizing Self, Forbes Business Council member Bill Dickinson shares: “Knowing oneself, more fully, is the work of optimal self-leadership—with, through, and for others.” Learn more: https://hubs.li/Q02sstsJ0 #SelfGrowth #SelfImprovement #SelfLeadership
Optimizing Self by Bill Dickinson
councils.forbes.com
To view or add a comment, sign in
-
What does “good” look like for your life? Having a clear and documented mission statement to inform business strategy and ongoing decisions is one of the key pillars of a sustainable business. At a recent Wits Business School leadership dialogue hosted by Prof Milford Soko, Dr Mark J. Lamberti emphasised the importance of writing down your personal mission statement and using it as a self-accountability tool. This helps ensure that you align your actions with your values in both professional and personal interactions. Here are some of my key takeaways from the conversation: - On one’s life mission statement: Don’t define yourself by your job title. Connect with your life’s mission statement and navigate within its boundaries. It’s not about perfection but about course-correcting when necessary to stay true to your values and the people you care about. - On company culture: Remember the saying, “if you can’t change the people, change the people” as some people never change. - On being an entrepreneur: The question isn't about "being in corporate vs. being an entrepreneur.” To be successful, embrace both a professional and entrepreneurial mindset, regardless of your environment. - On financial capital and social capital: Return on investment is key. Financial capital enables social capital investments. - On stakeholder management: It’s not about shareholders vs. other stakeholders. Any key stakeholder (e.g., customers, employees, government, shareholders, suppliers) can shut your business down. Sustainable success requires attending to all key stakeholders and “moving from stakeholder to stakeholder” as necessary. Thanks very much Maurice Radebe and team for the engaging session. #PersonalMission #AuthenticLeadership #FinancialandSocialcapital
To view or add a comment, sign in
-
I recently read an interesting Harvard Business Review article on leading through uncertain times. It emphasizes the importance of reflecting on core values and understanding where your organization stands, especially during periods of change. These moments offer a chance to challenge assumptions and explore new possibilities. A great reminder for us all to stay grounded in what remains constant and remain true to your purpose, essential for guiding your team with clarity and resilience. https://lnkd.in/g2wRrbgf #LeadershipMindset
How to Lead When the Future Feels Unpredictable
hbr.org
To view or add a comment, sign in
-
With so much coming at us all the time, many of us are having to develop new skills and a new way of being with the world. The core intention is sustainability – because if we aren’t sustaining ourselves first, we don’t have a hope of contributing well to those around us. In today's post, I'll share my top 3 leadership skills for sustainability. For those who, like me, have people-pleasing and perfectionist tendencies, some of these changes can be challenging. They get easier with practice and by consciously reflecting on our progress. My Top 3 Skills for self / leadership sustainability: 1️⃣ Cancel/postpone: what can you cancel or postpone today, and be honest about why? (Hint: don't try to "figure this out" - live into the question instead and see what emerges over the course of a day. The obvious choice may not be so obvious at first.) 2️⃣ What can you let drop completely, and be okay with dropping? This may also be experienced as "failing" and sustainability requires getting comfortable with that. (Tips: https://lnkd.in/garJdtGk) 3️⃣ What are your top 3 priorities now, and can you allow yourself to focus there first? (which means potentially postponing or dropping other things altogether) As always, it's easiest to start small - cancel, drop, focus on the smallest thing that's impossible to fail. Then build from that successful practice. Next week, we'll take a look at a new way of orienting ourselves to the world with sustainability at the forefront. Stay tuned! #selfleadership #leadershipcoaching #traumahealing #progressnotperfection #sustainability
To view or add a comment, sign in
-
The power of admitting..." I don't know" Yesterday, I was challenged to articulate a global strategy for one of our businesses 🤯 But, the moving parts in this business are slightly different to what I've done comfortably over the last 5 years 🤔 My immediate internal response was "Oh, crap! Where do I start? People are depending on me...."😱 I took a step back from the problem... (worked on something else I do know something about) And once I was done, the answer appeared, as if by magic! I don't have the solution right now...and that's OK 😇 Often - particularly if you're in an advisory position - people come to you for solutions and you feel the pressure to provide the answer 🥺 But sometimes, you're not the source of the answer, but the conduit!💪🏽 Surround yourself with more experts that are smarter than you 🤝🏼 You really don't have to be the smartest person in the room! And that's smart business 🧘🏽♀️ #lifelonglearning #leadingbyexample #authenticleadership
To view or add a comment, sign in
-
As a leader, I constantly remind my team that we are Enablers, or agents of change, in our organization—and, as an Enablement leader, I constantly remind my team about the psychology that governs colleague’s actions. This article is a great reminder of the human landscape—our workplaces. So, our challenge is clear… If we want to be innovative, we must employ organizational practices that overcome our base human instincts. https://mck.co/4hoXrn6
What I learned from Daniel Kahneman
mckinsey.com
To view or add a comment, sign in
-
I learned how to be a better culture consultant by helping customers focus more on attacking negative friction closer to the front line. There’s more to be done here. I will seek to guide leaders in more meaningful and impactful ways. https://lnkd.in/daaeY7KU
Your 2024 ‘So What’ Moment? — Lorne Rubis
lornerubis.com
To view or add a comment, sign in
-
Strategic Insights to Ring in the New Year: Revisiting The Art of War Over the festive season, I finally carved out time to dive deeply into Sun Tzu’s The Art of War—a book I had only skimmed during my MPhil in Corporate Strategy days at GIBS. Back then, time was scarce, and while I appreciated its value, I never truly absorbed its timeless wisdom. Now, having immersed myself in it, I can confidently say: Boy, was I missing out! From its emphasis on preparation, adaptability, and understanding the competitive landscape, to its profound teachings on leadership and resource management, this book is an evergreen masterpiece for anyone navigating the complexities of strategy—whether in war, business, or institutional development. As we finalize the 2026-2030 strategy for MUT, these reinforced learnings couldn’t be more relevant. Sun Tzu’s wisdom reminds me that achieving stability, growth, and excellence requires deliberate planning, adaptability to challenges, and a united vision. Looking ahead, I am even more determined to make MUT a resounding success as we pave the way for our Vision 2040. The road ahead is not without its challenges, but as Sun Tzu reminds us: “In the midst of chaos, there is also opportunity.” Phambili MUT, Phambili! It is now or never. Let’s make this decade count.
To view or add a comment, sign in
-
During uncertain times and policy changes, Leaders should ask BIG Questions: "What do we value? Where do we stand? How do we move ahead?" https://lnkd.in/gvnhVeKc
How to Lead When the Future Feels Unpredictable
hbr.org
To view or add a comment, sign in