Leadership Thought #281 – Risk Is an Inherent Part of Business
Being wise and responsible does not mean avoiding risk altogether. In fact, it requires embracing risk, the right risks at the right time with the required investment in resources.
Being wise and responsible does not mean avoiding risk altogether. In fact, it requires embracing risk, the right risks at the right time with the required investment in resources.
In sports and in life, it doesn’t matter how much potential you have or how good you are, if your team/organization consistently loses or doesn’t live up to expectations. I’ve seen many capable and talented leaders stumble when it comes to getting results from others. It’s not always the smartest, most confident, and technically superior person who wins, but rather the leader who is able to get great results from average people. Leaders need to grow and leverage the capabilities of their team, continually develop their own skills sets, and step up in the clutch if they want to leave a legacy of winning and high performance.
I wish I could tell my clients and colleagues that the best company always wins but that isn’t the case. Over the years I’ve met quite a few leaders who think that doing a good job should be sufficient for success and that money spent on adverstising and marketing is purely discretionary. However, it’s not enough be good at something. People need to know you exist and have to be reminded why you are the preferable option. Sure, you can try to grow your business through word of mouth referrals but this strategy only has a chance if you have low growth objectives and/or your prospective client base is relatively small and/or there is minimal competitive pressure.
Jeff Olson
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Read moreMichael J. Marquardt and Bob Tiede
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Read moreIn a new book titled Decision-Driven Analytics: Leveraging Human Intelligence to Unlock the Power of Data, professors and behavioral scientists Bart De Langhe and Stefano Puntoni challenge the idea that our decisions should be driven by data. Rather, they argue that the power of data can only be realized by putting data in the background. In this excerpt from their book, […]
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Claude.ai is a fascinating AI-powered tool that can help you generate human-like text based on the input you provide. Imagine having a super-smart writing assistant that can help you craft compelling content, summarize long documents, or even create entire articles for you! With its advanced language processing capabilities, Claude.ai can help you: Summarize long documents […]
View moreGroq is an artificial intelligence (AI) company that specializes in developing and providing advanced AI-powered search and analytics solutions. Their technology is designed to help organizations quickly and accurately find relevant information within large datasets, making it easier to make informed decisions and drive business outcomes. Benefits: Scalability: Groq’s solutions can handle massive amounts of […]
View moreEach week, ITR Economics CEO and Chief Economist Brian Beaulieu provides an update on the Federal Reserve Board’s latest actions. Our use of factual rather than emotional inputs is key to our data-driven approach to economic forecasting. Our vigilant watch for Federal Reserve decisions is part of this approach. Catch up on ITR Economics’ latest analysis of […]
View moreAlex Havard explains the concept of “virtuous leadership.” In Part 2, he begins to describe the four basic virtues: prudence, courage, self-control, and justice.
Here is a brief excerpt from a Jordan Peterson lecture on the importance of personal character in becoming a good (noble) leader and the weakness in a society formed when there are not enough examples of admirable leadership qualities. He uses a few biblical examples.
One-on-one meetings are among the best opportunities for relationship-building that we’re afforded at work. But when run badly, they can feel like an unproductive use of people’s time. Mistake No. 1: viewing these check-ins as another task list item to check off. With planning and forethought, you can take your one-on-one meetings to the next […]
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