Archive for October, 2012

Business Teams That Work Hard At Staying Still?

I had a facinating discussion yesterday with a business friend on my observation that “Business teams are working hard at staying still”.

Teams standing still to survive
I suggested to him that, in the current economic climate, a majority of business teams had stopped evolving and developing new ideas. It seems that many businesses are afraid of the future and of spending money that may be needed for some unsepecified reason. The result is that teams have stopped evolving new ideas, improvements in process and new projects. They are standing still in the hope of surviving.

The problem is that doing nothing is NOT a survival strategy. Let me give the example that I gave my friend. The fewest number of business bankruptcies within the EU seems to be in Greece, Portugal and Spain. Countries where innovation and development and new business is at an all time low. The reason is that few businesses are being opened, fewer initiatives being created and a stagnation in entrepreneurial activity.

In Sweden and Norway, on the other hand, business failure is as high as ever…but then the number of businesses being opened and business success is also high. The proportion of success, however, vastly outsrips the failures. In the Uk the business teams that I’m working with have an energy that is developing new ideas, bringing in greater results and profits.

Formula for acceleration
It strikes me that the formula for mass and acceleration is applicable here: That being F=mA (F=Mass X acceleartion called a newton).
Replace F(Mass) For T (Team) and multiply it with ideas, innovation and experimentation and you can only end up with acceleration

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If I can’t answer… it doesn’t mean I’m stupid

I was interested to listen to BBCs Bottom Line last night to hear the discussion on how CEOs weaknesses

One answer given to “What are your weaknesses?” replied that “understanding weaknesses were really strengths”…much laughter.
However the statement is so true. In my work I’ve met a few CEO’s who suffer from an excess of ego and self-confidence and find it difficult to admit to weaknesses. This reduces effectiveness and encourages those around the CEO to fail to challenge thinking. Having one’s thinking challenged is always healthy and being aware that not being able to answer a question posed by an employee doesn’t mean I’m stupid!

Interestingly I was surprised that none of the people on Evan Davis’ panel (John Molton, Deborah Meeton and David Haynes) admitted to having a mentor of coach and yet they all agreed that a mentor can bring a person “Back to earth”. They also agreed that a mentoring programme should tell you what you “shouldn’t be doing” as well as what you should. It’s certainly part of the Assimilating-Talent mentoring programme.

One of the final lines was “I go to the right people (for advice)”.
I think that’s essential if you are to get a quality mentor.
So perhaps the panel DO have mentors…It’s just that their EGO insists on calling them something else

Stephen Harvard Davis

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