For a competitive advantage to be maintained over a long period of time a network effect is required. Ask, “does this service increase in value with each additional user?”. If it doesn’t then start over.
Tag: Business
People before process
Your enterprise is a machine and that’s important to remember, but at the center of that machine is human talent. A team that focuses on scaling a high-functioning organization will out innovate one that focuses on elimination, automation, or outsourcing.
Bring the positivity
The capabilities of a team is affected by the individual moods of it’s members. A positive team is more collaborative and self-healing. This enables them to take on more complex challenges. Before you can do your best work you must know how to make people happy.
Criticize systems not people
Behind every frustrating experience are systems that can be improved. These systems influence the decisions and actions of everyone. Instead of fixating on any one person focus on systemic changes. Build the environment necessary for long-term improvements.
Factory of ideas
When adopting a culture of innovation it’s important to foster the spread of great ideas. Here are a few models: TED (conference), MIT Media Lab, and Harvard Business Review.
Synthesis of Win-Win Solutions
Recognize that with others you can do more. Collaboration opens up new possibilities. It begins with active participation and ownership of the process. Discover the mutually beneficial solutions together.
Automate, delegate, and outsource
This is how you do more today than yesterday. You augment your capabilities with technology and additional human talent. Any significant goal will require all three activities. Time management and self improvement will only get you so far.
