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!
Be sure to download a free copy of my new Ebook: 12 Steps to Business Transformation and to sign up at www.thinkingbusinessblog.com for weekly blog updates delivered to your inbox.
There is no future in the status quo . . . Just ask Sears, Blockbuster, Novatel, Blackberry, Nokia, and the list goes on and on!
There is no future in doing things the way we have always done them! Status quo always ends in irrelevance and obsolescence!
As business leaders we need to continuously challenge ourselves and our organizations to innovate and improve. We need to shake up our industries and stop doing things because we have always done them that way. Rather, we need to start doing the right things smarter, more cost effective, more rapid, and error free!
For example, in the project engineering world, projects have continuously escalated in cost over the years. We have all heard of projects that started at $X billion and ended up costing 2 or 3 times $X billion! Now there are many reasons for this (refer to my mega-project article) but one of the major reasons is that we are simply not challenging the status quo. Instead, we doing things the way we have always done them . . . it seems more comfortable that way because change is uncomfortable!
Although an engineering project today has basically the same objectives as an engineering project 20 years ago, how we get from start to finish needs to be fundamentally changed! Engineering companies need to step back and re-evaluate their businesses to remove legacy mindsets, legacy tools, and outdated processes while implementing new and relevant ones.
Take the automation engineering world as an example. It is undergoing dramatic change because of technologies like:
This past year was a year full of transitions, amazing challenges, and stunning opportunities!
It was a year that saw many extremes including:
- Outrageous political antics
- Frightening political standoffs
- Stunning Bitcoin valuations
- Record breaking stock indices
- Oil price climbing back to the $55-$60/bbl
- Continued company downsizing
- Record company profits
- First recycled (reused) rocket
- Great advances in hyperloop technology
- #metoo movement
Some businesses experienced amazing growth (NVIDIA, Google, Apple, Amazon) while some saw their business shrink (Sears, Macys, GE). Others saw their market shift in an entirely new direction. Some took advantage of this shift and others were damaged by it!
This unprecedented rate of change and marketplace complexity can cause business leaders no end of sleepless nights and stressful days! However, this is where Thinking Business can help you thrive!
I was recently reminded of how easy it is for leaders to lose sight of how much change their organization is experiencing.
One leader I spoke with has experienced a lot of downsizing in the last year and is now experiencing some very positive growth. Even though the organization is now well positioned for this growth, they are still reeling from the downsizing actions.
Another leader I spoke with continues to go through a downsizing process. Not only that but they are converting many of their staff to on-demand contractors. This is a huge cultural shift that impacts all aspects of the organization!
I recently attended the 2017 Global Leadership Summit put on by Bill Hybels and his Willow Creek organization. It was an amazing leadership training event that was attended by over 400,000 people through a global simulcast!
The speakers were amazing and the entertainment between speakers was world class.
What follows are the top one-line lessons from the two day event.
50 Leadership Lessons From the 2017 GLS