The One Thing That Never Changes Is That Everything Always Changes!

It has been said many times that the only “constant” in life is change.

And, change is underway for me and Thinking Business!

I have recently accepted a senior role with a growth minded, multinational business. Because of this, I expect to be extremely busy over the next little while.

Although I plan to continue to share tools, ideas, concepts, and posts, the sharing will be less frequent. It would be great if you would continue to leverage the articles, tools, and materials on the Thinking Business site and stay tuned for new content when it is published!

Have a great week and remember to stay focused on the number one thing that will grow your business!

 


Identify and focus on the number one thing that will grow your business!


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Growth IQ

Get Smarter About the Choices that Will Make or Break Your Business

The book review for this week is Growth IQ by Tiffani Bova.

Bova has written a powerful book that describes the optimal paths to business growth in today’s marketplace. She backs up her theories with excellent case studies using relevant businesses and their current levels of success and/or failure.

My takeaways from this book are the ten paths to business growth shown in the list and diagram below and the knowledge that most of these paths are not stand alone. Most business growth comes from applying a number of these paths in a strategically informed sequence. In fact, context, combination, and sequence can be the key to success!

How to Increase Your Productivity Using Boundaries

Blaise Pascal, the 17th century French philosopher, mathematician, scientist, inventor, and theologian once opined; “All of humanity’s problems stem from man’s inability to sit quietly in a room alone.

This is a powerful statement coming from a man who lived in the 1600’s! This was before any sort of modern technology that we take for granted today. Now we are at a time where it is becoming more and more difficult to disconnect from the constant barrage of emails, text messages, Facebook messages, LinkedIn updates, Instagram feeds, cell phone calls, etc., etc.! Our world is accelerating forward at a pace like never before.

As business leaders in today’s world, it is critical for us to lead by example. This means establishing boundaries so that we can be as productive as possible. When we lead by example, the people around us will take notice and begin to structure their work practices in a similar productive fashion.

What Do Productivity Boundaries Look Like?

How to Align Your Organization Around Your Top 3 Priorities

Most people in today’s business world would agree that Ram Charan is an icon. He has written a number of best-selling business books, runs a consulting company out of Dallas, and has consulted with many of the largest companies globally.

So, when Charan describes tools that he uses to get organizational alignment, we should all take note and see if these tools can benefit us and our businesses.

In his book, The Attacker’s Advantage, he describes a tool that he uses to get business leaders to align around and focus on the most important strategic activities for their organizations.

I think we can all relate to the scenario where we assume our organizations have alignment around the same core objectives only to find out that people are focusing on very different and sometimes conflicting priorities.

I have seen this misalignment over the years both in organizations and within project teams. In fact, I remember a few painful project incidents where engineering disciplines had differing priorities that caused some significant project delays and cost overruns. These were totally avoidable if we were following Charan’s advice.

And, this is where the “Top 3 Priorities” tool comes in.

What Are Your Top 3 Priorities

How to Leverage Artificial Intelligence in Your Business

By now, most of us have heard about Artificial Intelligence (AI). Once the exclusive domain of science fiction and futuristic movies, it is now becoming prolific in many aspects of our society!

But do you understand what it is? Are you and your business prepared for AI and how are you leveraging it in your business today?

AI has been around and evolving since about 1956 and it is now advancing at a speed that is almost incomprehensible!

According to Ray Kurzweil, the speed of advancement of society today is accelerating exponentially. Furthermore, he asserts that the entire progress of the 20th century would have been achieved in only 20 years at the rate of advancement we saw in the year 2000. So, the rate of advancement in the year 2000 was 5 times as fast as the average in the entire previous century!

He believes that another 20th century’s worth of advancement happened between 2000 and 2014 and another will happen between 2014 and 2021! In a few decades after this, a 20th century’s worth of progress will take place multiple times in the same year and a decade later it will happen multiple times in the same month!

Basically, it boils down to the “Law of Accelerating Returns.” Kurzweil believes that the 21st century will see 1000 times the progress as the 20th century!

A big part of the changes and advancement that we will see will be both in Artificial Intelligence and made possible by Artificial Intelligence.

Current State

The diagram below comes from a webcast from Dr. Kai-Fu Lee and Peter Diamandis. They classify AI into “waves” and show the high-profile companies that are leveraging AI into the core of their business.

  • 1 – Internet AI
  • 2 – Business AI
  • 3 – Perception AI
  • 4 – Autonomous AI