CEO: “Walt, there is no innovation in my company, we seem stuck, in a rut, we need to get better at innovating, I was thinking about installing an innovation initiative.”
Recently one of my client's sold his 1,100 person company to a Fortune 500 company that is in the business of rolling-up and running like-like companies; 120 or so until they bought my client's non-like-like company.
Face it, a few of your leaders are amazing Day-Traders, making you money every single day - others are losing your money every single day.
The Word “Pivot” - yuck! Pivot is one word in business that drives me crazy. Especially when used like this:
For a while now, during check in, we have been asking clients to describe the nature of their company’s momentum using a scale of 1-10. [1 not so much, 10 a lot] I give them a thinking perspective tip by writing on the board this equation:
An organization is essentially a fiction, only given meaning and power by those who believe in it, who buy in.
In the future we will not talk about this or that type of organizational structure, we will talk about one model that includes all of its predecessors. Hierarchical, Flat, Holocratic, Team, Matrix, Adhocracy, Functional, Accountable, Objective… all combine into one.
Most of the people that know me are fully aware of my fondness for using sailing analogies. Honestly, I can’t help it; sailboat racing has had a profound influence on my life, and much of what I learned about the importance of teamwork has its roots in my sailing endeavors.
As a business owner, you undoubtedly hope for the best when it comes to the future. Whether you are ultimately hoping to become wealthy, or you are simply building a small, humble organization because it is your chance to construct a workplace culture that you would be thrilled to work in every day, you are hoping to create a system that produces comfort that will persist well beyond today.