‘How To Create And Execute A Compelling Vision For Your Business’

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‘Too many people live in the past, some stay in the present and a few live in the future. Vision is a path to the future that no one can override or overrule. This is a path accessible only to those prepared to think beyond the present.’

‘Creating vision is a reinvention of one’s self again and again.’

Vision doesn’t tolerate a rush but demands consistency, patience, persistence, and action the long term.’

Everyone is the CEO of his own vision and must be prepared accordingly.’

‘We always have time to correct mistakes if we are courageous enough to admit them and have a strong will to change for the better.’

Set yourself up for success by being prepared. Ignoring preparation means setting yourself up for a painful failure.’

Visionary leadership puts the needs of others above all.

Communication gives legs to a vision, sharing provides a human touch making communication heartfelt, and language secures common understanding.’

Vision must be properly communicated and widely shared. It adds momentum even in crisis times when every support and input in needed.’

Don’t be afraid of sharing your vision. It multiplies enormously only by active sharing.’

Source

Oleg Konovalov (2021). The Vision Code: How to Create and Execute a Compelling Vision for Your Business

‘How To Spot Inflection Points In Business Before They Happen’

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Snow melts from the edges. The changes that are going to fundamentally influence the future of your business are brewing on the periphery. To avoid being taken by surprise by an inflection point, you need to be exposed to what is happening at the edges.’

An inflection point happens when a 10X change alters the basic assumptions upon which a business is built.’

Start defining your arena by asking which pool of resources- typically revenues- your business currently relies on. What other players might be trying to grap those same resources, even if they don’t make or offer products and services similar to yours.’

Practices that displease or even enrage customers can create an opening for a disruptive player to come into your markets and cause customers to defect.’

Even when you see an inflection point on the horizon, it can take a lot longer than you think for it to actually arrive.’

Creating a plan for fast learning is something successful serial entrepreneurs do almost by instinct.’

‘Good ideas are … important, but the initial ideas that innovators pursue are seldom the ones that make it to market.’

We tend to imbue CEOs and senior leaders with supernatural powers when they succeed and with damning deficiencies when they fail.’

Internal friction and competition can undermine even the correct response to changing times. Managing politics is a key task for any would-be change agent.’

Big changes are often signaled by seemingly small and incremental shifts that nonetheless release a constraint in an existing model, opening it up to an inflection point.’

Source

Rita McGrath (2019). Seeing Around Corners: How to Spot Inflection Points in Business Before they Happen