Quick Thoughts - June 2009
Maximum Motivation
Evidence from athletic competition shows that teams just slightly behind will try harder and are likely to pull ahead. Similar effects are seen in the animal kingdom and the corporate world. The most motivating goals are not the big lofty ones, rather those that appear close and achievable. By strategically setting smaller goals and deciding when to stop and take stock, the CEO can get the maximum motivation from his of her team.
Saving Knowledge
Many CEOs are aware of their coming brain drain – a sizable percentage of their workers nearing retirement age. Capturing their knowledge and expertise has become critical to long term success. Even though most CEOs believe that organizational knowledge is of vital importance, more than three quarters don’t even know exactly what their critical knowledge is, much less where it is and how to get it to where it creates value.
Three Lists
You should have three lists to guide you:
1. What gets you up in the morning
2. What keeps you awake at night
3. What you should not be doing
Innovate Your Own Way
Rapid continuous improvement inside your business is essential to survive on today’s competitive landscape. 94% of CEOs surveyed said that people and culture were the most important factors in enabling that type of environment. It turns out there are no universal best practices that work anywhere, every business needs to create its own process. The most predictive indicator of success is whether or not the CEO’s execution behaviour fully supports his or her people.









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