Topic: Core Focus
Advice and Insight for Entrepreneurs and Leadership Teams
*To help our readers navigate their businesses and organizations during this rapidly shifting time, we are re-posting this relevant blog post from September 28, 2016.
One of my clients, a small software company in Detroit, had this a-ha moment in one of their quarterly sessions.
“With great power comes great responsibility. We have great power …
All great businesses have a certain energy and momentum. They have less dysfunction, better retention, and fewer symptomatic problems. We call this the soul of your business.…
There’s a term to describe tempting opportunities outside of an organization’s core competencies: “Shiny Things.”
Like sparkling diamonds or the flashing lights of fame, these opportunities beckon. Shiny things lure even the most rational leadership teams into poor strategic choices with real implications. When confronted with a new opportunity -- a shiny thing -- you’ll need to ask if it is a “core” or is it a “lure”?
Harry Beckwith says, “people don’t lead, purposes do.”
Recently, I worked with a client who became a firm believer in this statement. He is the son who inherited a successful 20-year-old family business and is now struggling to pay the bills. He has been drifting away from the company’s core business and has become distracted.
During a conversation we were having, I asked, “Why do you do what you do?”
“I do it for the money!” he replied.