Tag Archives: vision

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Why Does Your Business Exist And Why Should We Care?

“That which costs little is less valued.” Miguel de Cervantes

 

In today’s world of hyper-connectedness and hyper-competition, it is really easy to yield to pressure and lower the prices for your products or services so that you can win the “super strategic” project or order. The problem with going down this road is that you now have set a new price expectation or ceiling on your prices. In effect, you have told the marketplace that your services or products are really not worth what you’ve been asking in the past.

A great example of this would be MP3 players versus iPhones or iPods. The first MP3 players sold at a premium because they were a new product with a new and growing market. But it wasn’t long before other electronics manufacturers saw the opportunity, created competing products and the price wars began. MP3 players had become a commodity.

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What Does Ray Dalio Have To Do With Your Business And Why Is It Important?

Ray Dalio is the founder of the investment firm Bridgewater Associates. He had an estimated net worth of $15.4 billion in 2014 according to Forbes! So, what does Ray Dalio have to do with your business?

Probably nothing directly. But, based on his net worth, Dalio knows business so we should learn from him! He came up with a simple model that describes a business or an organization that has worked well for him over the years. I would suggest that understanding his simple model is critical to the success of your business. The model is shown in the picture for this blog post (note that I have exercised my artistic license and added a few items for clarity!)

As business leaders, each of us is responsible to produce results in our organizations. Results drive our businesses. Without achieving positive results, a business is really worthless. Dalio‘s model illustrates that a business starts with a Vision and then delivers business results or Outcomes through a Machine. The model stresses that the Outcomes are a direct result of the Vision and the Machine (both of which are defined below);

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Why Are You Worried About Losing Employees to Competitors?

“I’m amused when other agencies try to hire my people away. They’d have to ‘hire’ the whole environment. For a flower to blossom, you need the right soil as well as the right seed” William Bernback

William Bernback really hit the nail on the head with this quote. If we, as leaders, have created the proper environment within our organizations, we should not be concerned about losing our best employees to the competition because no one will want to leave. We will have a culture that attracts and retains employees and few recruitment agencies will stand a chance in luring our staff away .

The million dollar question is, what does this “miracle” environment or culture look like? What sort of “soil” do we need to have to promote the growth of our employees and our business?

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Why You Need Solitude To Get Serious Work Done

“Without solitude, no serious work is possible.” Picasso

Our world today is incredibly busy (see Do You Suffer From Continue Partial Attention Deficit Syndrom) and interruptions are almost constant. In 1789, Benjamin Franklin said “. . . nothing can be said to be certain, except death and taxes.” I think in 2015’s world, we can revise this to say “Nothing can be said to be certain, except death, taxes and constant interruptions.” Chances are, a large percentage of you were interrupted by your office phone, cell phone, email, text message, instant message or some other modern day technical marvel at least once during the time it took to read this!

As business leaders we must set aside time that is insulated from interruptions so that we have time to strategically plan our business. We need to think through issues, set vision, direction, goals and communications. This cannot be done when you are being interrupted every 30 seconds! You need solitude to get serious work completed!

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Who is Watching You and Why You Should Care

Do you ever get that freaky feeling that you are being watched . . . that someone, and you can’t tell who or where they are, is watching you for some reason?

Well, brace yourself . . . It is true! You are being watched! You are being watched by all kinds of people and you really should care. You should care because, for starters, you are being watched by your;

  • Employees
  • Current customers
  • Potential customers
  • Competitors