I welcome all comments, positive or negative. My intention with this blog is not to instruct, but to share, collaborate and facilitate - so that we can all WIN, TOGETHER.
I feel that the world is set up for us to compete and "getting ahead" usually means getting ahead of others - other people, or other companies.
I think there is a better way, where we can all collaborate and win, together. Notwithstanding the inherent need for companies to compete with each other, more collaboration between business leaders is certainly what the world needs more of and in sharing some observations and insights I hope to contribute to just that.
I can relate to this experience (it's horrific to be in the driving seat). I think part of the challenge is communicating the risk quickly and not letting ego get in the way from the founder or board. Sands can shift quickly and as such plans to cut open should always be ready to act on.
Thanks honey (full disclosure, Cortney is my wife!) We have worked together on a bunch of startups over the last decade (Cortney from the CEO internal into Operations, me from the CEO external to Board and Investors) and today still have crossover work on a few consulting projects.
As I reflected on the "3 strikes" theory, a few additional thoughts crossed my mind:
1. In the realm of business, effective governance necessitates a thoughtful consideration of risk—balancing risk appetite with risk tolerance—against potential rewards. It's fundamental to recognize that every opportunity in business is inherently tied to a corresponding level of risk. Without risk, there can be no viable business model.
2. Chaos theory, particularly the notion of the butterfly effect, underscores the interconnectedness of all things. While some connections may seem subtle or insignificant (often referred to as "weak signals"), they are nonetheless crucial and can be easily overlooked.
3. Unforeseen high-impact events, though rare, are a reality we must prepare for. These "black swan" events can significantly disrupt our plans. Having a well-defined contingency plan for the worst-case scenario can make a big difference. This preparedness ensures you're ready to act quickly when a black swan strikes, saving valuable time in an emergency.
A small comment from me, who does not have much experience in businesses LOL but I find it so surprising and interesting that Freud, Jung and many others predicted - "lack of communication". I have seen this in small and big companies I worked for. The inductions and training most of the time do not invite people to talk and debate, and it is not necessarily a business thing, it is a society behaviour.
LET'S GET THAT BETTER AYE ;)
Now, stop and observe your breathing, remember that you are sitting on a chair, see how you are sitting, realise about the "gift", blessings my brother ;)
I welcome all comments, positive or negative. My intention with this blog is not to instruct, but to share, collaborate and facilitate - so that we can all WIN, TOGETHER.
I feel that the world is set up for us to compete and "getting ahead" usually means getting ahead of others - other people, or other companies.
I think there is a better way, where we can all collaborate and win, together. Notwithstanding the inherent need for companies to compete with each other, more collaboration between business leaders is certainly what the world needs more of and in sharing some observations and insights I hope to contribute to just that.
I can relate to this experience (it's horrific to be in the driving seat). I think part of the challenge is communicating the risk quickly and not letting ego get in the way from the founder or board. Sands can shift quickly and as such plans to cut open should always be ready to act on.
Thanks Ross. I think ALL business leaders can relate. Given your experience I would like to interview you for a future article if you're up for it?
I have seen you use this theory to great effect to support so many businesses...I love seeing it documented for all to learn!
Thanks honey (full disclosure, Cortney is my wife!) We have worked together on a bunch of startups over the last decade (Cortney from the CEO internal into Operations, me from the CEO external to Board and Investors) and today still have crossover work on a few consulting projects.
As I reflected on the "3 strikes" theory, a few additional thoughts crossed my mind:
1. In the realm of business, effective governance necessitates a thoughtful consideration of risk—balancing risk appetite with risk tolerance—against potential rewards. It's fundamental to recognize that every opportunity in business is inherently tied to a corresponding level of risk. Without risk, there can be no viable business model.
2. Chaos theory, particularly the notion of the butterfly effect, underscores the interconnectedness of all things. While some connections may seem subtle or insignificant (often referred to as "weak signals"), they are nonetheless crucial and can be easily overlooked.
3. Unforeseen high-impact events, though rare, are a reality we must prepare for. These "black swan" events can significantly disrupt our plans. Having a well-defined contingency plan for the worst-case scenario can make a big difference. This preparedness ensures you're ready to act quickly when a black swan strikes, saving valuable time in an emergency.
Boom man, this is a great idea. Congratulations!
A small comment from me, who does not have much experience in businesses LOL but I find it so surprising and interesting that Freud, Jung and many others predicted - "lack of communication". I have seen this in small and big companies I worked for. The inductions and training most of the time do not invite people to talk and debate, and it is not necessarily a business thing, it is a society behaviour.
LET'S GET THAT BETTER AYE ;)
Now, stop and observe your breathing, remember that you are sitting on a chair, see how you are sitting, realise about the "gift", blessings my brother ;)
Brutally honest to the core as always Salvador, great job on 3xStrikes, salute!