Archive for 2021

In 100 Words: You Don’t Have to Create Perfect

Tuesday, March 16th, 2021 by AdvisorCatalyst

Creative work is important for leaders. This encompasses everything from innovating new offerings and business models to crafting a new process or marketing campaign. There is pressure with this work to “get it right” the first time. However, final-form solutions are rarely the result of the first draft. Innovation involves drafting and re-drafting. This is a tough reality. The pride of authorship may also lead to defensiveness toward feedback.

It can be liberating to know we don’t have to create perfect. Soliciting challenging input earlier typically yields a stronger solution while saving time, energy and money.

Create working solutions and iterate.

“The essential part of creativity is not being afraid to fail.” Edwin H Land

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In 100 Words: When to Say No to Good Opportunities

Monday, February 1st, 2021 by AdvisorCatalyst

Most organizations rarely experience a shortage of good opportunities. What is not rare, though, is a shortage of attention span, time, and resources. Despite these limitations, leaders hesitate to keep resources focused on developing the opportunities already in process and say NO to new opportunities.

We get excited and over-value potential returns of the new opportunities. This reveals the flip-side – we under-value the harvest to be gained by bringing our current BEST opportunity to fruition. Fully invest in the opportunity selected as BEST for now until it is mature. Once it is harvested, plenty of new opportunities will be waiting.

“The art of leadership is saying no, not saying yes. It is very easy to say yes.” Tony Blair

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