Posts Tagged ‘Troy Schrock’

In 100 Words: Pausing Along the Path

Wednesday, December 15th, 2021 by AdvisorCatalyst

Now is a perfect time to reflect on what you and your team have accomplished throughout the year. Leaders naturally look ahead to the future – it’s their job. However, a common refrain is “we don’t take enough time to acknowledge and appreciate what has been accomplished or learned.”

Summarizing the annual highlights won’t take much time and pausing typically leads to a sense of both satisfaction and gratitude. Note the significant accomplishments. Be real about unplanned events which factored into the outcome. Consider top lessons learned. Who was involved in the achievement? How do I thank them?

Enjoy the pause!

“Reflect upon your present blessings of which every man has many – not on your past misfortunes, of which all men have some.” Charles Dickens

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In 100 Words: Certainty is a Mirage

Monday, November 1st, 2021 by AdvisorCatalyst

Leaders should become comfortable making decisions with probability-based thinking. The future is uncertain and the environments in which we operate are fluid.

Some leaders get stuck waiting for more information, a better view. It appears certainty is just ahead… one last question, one final piece of information. But, certainty is a mirage. As soon as you receive the information “certainty” evaporates like the proverbial desert oasis shimmering in front of you.

Two dangers of certainty-thinking:
• Decisions bog down and progress slows
• Absolute-outcome thinking closes off to options for alternatives.

There comes a time decisions must be made and actions taken.

“…logical method and form flatter that longing for certainty and for repose which is in every human mind. But certainty generally is illusion, and repose is not the destiny of man.” Oliver Wendell Holmes, Jr.

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In 100 Words: Double Dips are Hard

Wednesday, September 15th, 2021 by AdvisorCatalyst

Double dip: a second recurrence of some bad event or trial outside our control in short succession to the first – e.g., economic recession, market downturn, disease, or viral pandemic. These situations are hard on people physically and psychologically so people can become discouraged. They recently experienced the excitement of getting through the difficulty, then WHAM, the double dip – they are right back in hard times.

Leaders should acknowledge the difficulty of reverting to tighter restrictions and more limited resources. More importantly, leaders should keep people encouraged – acknowledge their efforts, share in the extra work, and provide hope for the future.

“Once more unto the breach, dear friends, once more;” William Shakespeare in King Henry V
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In 100 Words: Benefits of Pruning

Friday, July 30th, 2021 by AdvisorCatalyst

Plants perform better with pruning. Proper pruning:

• Improves health and vigor.
• Maintains good shape and structure.
• Focuses the plant’s resources on its best aspects.

Similarly, proper “pruning” in organizations strengthens the whole. Don’t continue adding new and more without figuring out what should be eliminated and reduced. This is how organizations become over-grown.

Consider what activities and costs are no longer producing the desired value. Use segmentation analysis to determine which products, services or customers are no longer a value-fit. Thin down your list of opportunities and potential investments to those which require the organization’s best, limited resources to flourish.

“There is nothing so useless as doing efficiently that which should not be done at all.” Peter F. Drucker

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In 100 Words: Capability Multipliers

Tuesday, June 15th, 2021 by AdvisorCatalyst

Five capability multipliers are listed below. Each factor will expand a person’s contribution regardless of the individual’s base level of talent, skill or knowledge.

1. Attitude – positive and pleasant with a desire to openly engage and serve people.

2. Energy – a result of physical and mental conditioning through diet, rest and exercise.

3. Focus – concentrated attention and effort toward the task or situation at hand.

4. Strengths – leverage unique strengths within the particular work.

5. Teachability – willing to absorb and apply both new knowledge and instructive feedback.

Managing these five well amplifies existing capabilities. How do these resonate with you?

“When you can do the common things of life in an uncommon way, you will command the attention of the world.” George Washington Carver

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In 100 Words: Don’t Confuse Size with Impact

Friday, April 30th, 2021 by AdvisorCatalyst

Isn’t it refreshing talking with leaders who are excited to share stories and measures of impact rather than telling you how big an organization they lead? It’s refreshing because the default measures of success are generally revenue volume, market valuation, and number of employees. Does significance come only from having a larger organization?

Imagine you and your team thinking through how to measure and communicate impact along with units of size. Maybe identify measures around:

• Your purpose (cause)
• Impact made in your customer’s and employee’s lives
• Your community investment

The focus shifts our thinking to how we can multiply impact.

“You can have an impact anywhere you are.” Tony Dungy

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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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In 100 Words: The Power of Hope

Tuesday, December 15th, 2020 by AdvisorCatalyst

Leaders of renown have used one ability to great effect – instilling hope. Hope is a powerful agent of perseverance and improvement which stems from holding up an inspiring vision. God designed humans with the unique ability to hope for something better in the physical and spiritual future – a better future pulls us through any present season of difficulty and uncertainty. We should work to connect with common hopes people share – safety, autonomy, good health, satisfaction from productive work, whole relationships, better opportunities, greater justice, equity, and freedom.

Tap into themes of hope and draw people with you through challenging times.

“Hope is being able to see that there is light despite all the darkness.” Desmond Tutu

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In 100 Words: Pry Open Strategy Thinking…With Questions

Friday, October 30th, 2020 by AdvisorCatalyst

Thinking about the future during times of significant uncertainty can be mind-bending for leaders. A good set of questions is valuable in making sense of what we are experiencing and for setting priorities for the future.

• What brutal facts are we aware of, but ignoring to our detriment?
• Where is our arrogance causing disabling ignorance?
• What assumptions about our business model are no longer valid?
• What offerings are getting the most traction in the market? Why?
• What outcomes have surprised us (good or bad)?

What questions will be levers for your team for thought and conversation about the upcoming year?

“A prudent question is one-half of wisdom.” Francis Bacon

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