Effective leadership can make or break your business. Are you an effective leader?
A few months ago, I wrote a post entitled “Are You an Effective Leader and Why You Should Care” Since that post, one of my Mastermind groups discussed each of the 23 aspects of leadership outlined in this post. This discussion revealed some very valuable nuggets of information! I took a lot of notes during these discussions and the key points I captured are shown below:
Mastermind Discussion on the 23 Elements of Leadership
Disruption is highly uncomfortable! Purposefully causing disruption inside your business seems like a stupid thing to do! For what reason would you want to disrupt something that is running smoothly?
Well, for starters, building a business that never changes is a flawed business strategy. A business that is too rigid to change will be obliterated by the fast-changing marketplace! As Clayton Christensen pointed out in the Innovator’s Dilemma, the fact that you are successful makes it hard to keep the edge you need to win in the future!
We do not have to look too hard before we find prime examples of businesses that were once at the top of their game and now have failed or are basically on their death bed! It is clear that they were not relentlessly committed to self disruption.
The easy examples that always get the spotlight are businesses like Blockbuster, Sears, and Toys R Us. But, there are countless others including Radio Shack, Vitamin World, Gymboree, Swissair, Woolworth’s, Sharper Image, Polaroid, and the list goes on!
So, what can a business leader do to productively disrupt their business?
If your business does not issue a monthly newsletter, you are missing out on one of the easiest and most powerful ways to communicate to your employees!
A properly written newsletter can deliver timely and valuable information to employees in a consistent way that is hard to match with other types of media.
I have seen many examples of company newsletters over the years, from large oil companies to small engineering firms . . . from simple one pagers to monstrous 20+ pagers!
My favorite newsletter was one I received at a small employee owned organization. Although this one was not monthly, it did provide a great update on the company health, the money we were making, and where the business leaders thought we were headed.
What does a great newsletter look like and what are the benefits?
My book review this week is Surely You’re Joking Mr. Feynman by Richard P. Feynman.
Besides winning the Nobel Prize in physics in 1965, Feynman was an eccentric, larger than life character with a list of achievements and accolades that are hard to fathom. He actively worked on the development of the atomic bomb, traded ideas with Einstein, Bohr, and Nick the Greek, cracked safes guarding highly sensitive atomic secrets, played bongo drums for a ballet, along with a host of other eclectic activities and accomplishments. This is a highly entertaining book full of funny stories, technical theory, and valuable life principles.
My takeaways from this book are the principles that Feynman discovered and exemplified throughout his life. I have listed a few of them below:
This past year was a great year of learning for me! Transitioning out of the big corporate world into my own business consulting has given me the opportunity to adjust my “point of reference” and to see the world from yet another very valuable perspective!
In addition to this monster change, I was also able to either consult or serve in a board role in two not-for-profit organizations, a landscape company, a drywall company, a home renovation company, an equipment sales company, and a start-up engineering company. In the middle of all this, I started a Mastermind Group of senior level business leaders.
It was definitely a year full of change, learning, and growth!
And, as I have in done previous years, this post shares my biggest lessons learned over the past year.
What I Learned in 2017
The most important things I learned in 2017 are: