‘Why Organizational Health Trumps Everything Else In Business’

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Most organizations exploit only a fraction of the knowledge, experience, and intellectual capital that is available to them. But the healthy ones tap into almost all of it.’

At the heart of vulnerability lies the willingness of people to abandon their pride and their fear, to sacrifice their egos for the collective good of the team.’

When there is trust, conflict becomes nothing but the pursuit of truth, and attempt to find the best possible answer.’

‘If an organization is tolerant of everything, it stands for nothing.’

When leadership team members avoid discomfort among themselves, they only transfer it in far greater quantities to larger groups of people throughout the organization they’re supposed to be serving.’

Peer-to-peer accountability is the primary and most effective source of accountability on a leadership team.’

No matter how good a leadership team feels about itself, and how noble its mission might be, if the organization it leads rarely achieves its goals, then, by definition, it’s simply not a good team.’

Teams that lead healthy organizations come to terms with the difficult but critical requirement that its members must put the needs of the higher team ahead of the needs of their departments.’

More than getting the right answer, it’s often more important to simply have an answer– one that is directionally correct and around which all team members can commit.’

‘Employees in every organization, and at every level, need to know that at the heart of what they do lies something grand and aspirational.’

An organization’s strategy is nothing more than the collection of intentional decisions a company makes to give itself the best chance to thrive and differentiate from competitors.’

Source

Patrick Lencioni (2012). The Advantage: Why Organizational Health Trumps Everything Else in 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