Archive for 2024

In 100 Words: Lurking SPOFs

Wednesday, July 31st, 2024 by AdvisorCatalyst

Single points of failure (SPOFs) lurk in unexpected places throughout your organization.  It may be related to people, technology systems, physical hardware, or outside service providers.  Today’s complex, automated, and highly connected systems create greater degrees of SPOFs than in past times.  Seemingly minor issues can trigger SPOFs which can quickly cripple an organization’s ability to provide desired levels of customer care.

How well does your team understand and anticipate SPOFs?  How well do you prioritize resiliency vs efficiency thinking?  It’s a different perspective.  A worthwhile exercise – list as many critical SPOFs as possible then generate ideas for continency plans.

“The dogmas of the quiet past are inadequate to the stormy present.”  Abraham Lincoln

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In 100 Words: Being Brief is Worth the Effort

Friday, June 14th, 2024 by AdvisorCatalyst

Some things, like lines in a queue, are better shorter than longer.  This includes business communication.  Emails, presentations, memos, and books are often longer than necessary.  It’s easier and faster to over-express in drafting or ad-libbing.  However, lengthier doesn’t correlate to greater impact.  It can also be inconsiderate of others.

Expressing something in an economy of words requires extra time and effort.  It’s work!  Utilizing a good editing process will deliver benefits, though.  The communicator is forced to slow down, tackle one thing, and dig for deeper understanding.  This effort should produce greater clarity, conciseness, and a more impactful message.

“The present letter is a very long one, simply because I had no leisure to make it shorter.”  Blaise Pascal

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In 100 Words: WARNING! Data Without Context

Tuesday, April 30th, 2024 by AdvisorCatalyst

Data presented without context should come with a warning label.  Context is king.  Movement and momentum are far more important than a current data point.  Dashboards often provide quantities of data yet little useful information due to the lack of context in the presentation.  This increases the risk leaders make incorrect assumptions as they weigh decision options.

Data might be presented without context through oversight or sloppiness.  Regardless of the reason, achieving context is simple – e.g., rolling trend line, or current period vs previous periods.  Data presented graphically should also reflect context.

Is your team viewing data presented with context?

“Information is data endowed with relevance and purpose.”   Peter Drucker

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In 100 Words: Great Minds…Shouldn’t Always Think Alike

Friday, March 15th, 2024 by AdvisorCatalyst

We should treat the old adage “great minds think alike…” with some skepticism.  Leaders should cultivate alternatives for significant decisions they consider.  Healthy dissension typically yields better decisions. 

Alfred Sloan, the person responsible for leading General Motors to the top of the global automotive industry in the 1930’s and 1940’s, is said to have set aside decisions for which the executive team too easily agreed.  Peter Drucker says Sloan would postpone some decisions to give his leaders “time to develop disagreement and perhaps gain some understanding of what this decision is about.” 

“Great minds” might periodically offer a different perspective.


“And those who were seen dancing, were thought to be crazy, by those who could not hear the music.”  Friedrich Nietzsche

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In 100 Words: Don’t Aggravate Good Talent

Wednesday, January 31st, 2024 by AdvisorCatalyst

Taking care of good talent is imperative for leaders – especially in tight labor markets.

Here are two sure ways to aggravate your top performers:

  • Overburden them without consideration of their personal lives.  Sure, sales demand is strong, but know when and how to say no to more revenue.
  • Tolerate poor performers so you have a “body in the seat.”  Pruning people out of the organization may seem contradictory, but few things drain top performer’s engagement more quickly than picking up the slack for other employees.

After addressing these two put your energy and resources into strategies for attracting new employees.

“To add value to others, one must first value others.”  John C. Maxwell

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