I think the time has come for us to stop using Uber as the “ultimate” benchmark example for a disruptive business strategy.
Read More >Is Uber Still the Best Example of Benchmark Disruption?
Achieving the Personal Freedom to Lead
There are many forces and tendencies competing in the business world that directly impact the effectiveness of every leader trying to set (or understand) strategy while executing that strategy through people. The team, the district, the region, the division, the business unit, the organization, customers, competitors, government, family, friends, and the digital social network all contend for attention in the mind and heart of a leader. And in this complexity, nothing is clear, and nothing is easy. The leader, no matter if a first-time leader or the Chief Executive Officer of a Global 5,000 company, is faced with the same challenges of having multiple affiliations and a lack of ability to make choices independent of the cascading pressures of multiple stakeholders. For these many reasons, leadership autonomy has been taken away from leaders and has been replaced by “safe” decision making and the constant mind-numbing managing to the needs of multiple stakeholders all who threaten quietly or overtly to negatively impact the leader when things go astray which often will happen. If you haven’t picked up on it yet, when you hear the magic words, “someone needs to be accountable for this,” that means some leader someplace is going to be given some very negative feedback.
Read More >Introducing the Concept of “REALBITDA”
One of the most popular financial metrics used in businesses is EBITDA. EBITDA stands for Earnings Before Interest, Taxes, and Depreciation. For most managers, they understand it as a metric that measures profit and provides insights into the “controllables” of a business or business unit.
Read More >Business Leadership Lessons Courtesy of Marshawn Lynch
Marshawn Lynch is one of my favorite people. The term “Beast Mode” was invented for him as it perfectly describes his rugged approach of being a 6-foot tall, 220-pound NFL running back for the Seattle Seahawks. His style is to power around, over, and through defenders punishing anyone who gets in his way of achieving the ultimate goal of scoring touchdowns. Watching him perform is extremely entertaining and reminds me of the good old days of tough, grind-it-out (American) football before passing made up 80% of the offensive plays.
Read More >When Customers Want Filet Mignon on a Filet O’Fish Budget
It’s human nature and business nature to want to over-deliver and exceed your customers’ expectations in terms of product value and service value. In many instances, it’s the survival instinct kicking in where you are fearful that if you don’t over-deliver you could lose the customer to a competitor and then you’ll go out of business, go on unemployment, become homeless, and wither away into obscurity. Obviously, that’s a little drastic and as radical as that sounds, I’ve seen many sales professionals and many businesses behave this way.
And of course, we behave this way because “smart” customers know which buttons to push to increase our anxiety and make us do whatever it takes to “make them happy.” And then there are the customers who aren’t really trying to manipulate the system or take advantage of vendors, but simply wake up every day with filet mignon tastes but only have Filet O’Fish budgets (nothing against delicious Filet O’Fish sandwiches or our dear clients at #McDonalds)!
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