Many business owners and managers are over-focused on efficiency – and resist approaches that appear (on the surface) to be redundant or inefficient.
But efficiency is a fragile system that requires intensive management. It's often practiced dividing and isolating tasks among "experts", imposing strong accountability standards, and designing complex systems. Such efficiency cannot be easily adapted when market conditions change. Efficiency is optimized ONLY for the static environments that don’t deviate too much.
Yet today’s business environment is constantly changing. So not only is efficiency a difficult thing to deliver in today’s hyper-connected world, the return for the effort tends to be small and fractional – usually measured in small percentages.
Our research suggests that resilience, creativity, innovation and quality will scale your growth faster and easier in today’s hyper-connected world.
These qualities are achieved through collaborative networks that on the surface may appear to be inefficient. Collaborative networks make efficiency irrelevant because they are much more responsive to change and new opportunities. Ironically, collaborative networks may be less "efficient", they are often more reliable and profitable over time.
Would you rather get 10% return on investment from efficiency or 200% return on investment from resilience, creativity and innovation? Isn’t a bit of designed inefficiency worth the effort?
I'd love to hear your thoughts. Please comment...
You are not alone. Turns out that the #1 complaint of most business owners is that they never seem to have enough time to handle all that their business requires of them. They complain about overload, excessive stress, and struggles making good decisions (of course, stress tends to damage our biological capacity for decision-making, but I'll save that concept to another day)...
In my experience, lack of time becomes a habit from when business owners first start their business. It's natural for there to be a lot of effort to get a new business launched. But if you have 5 or more people on your team, or over $1 Million in revenue and are still stressed for time, then perhaps you have a more fundamental structural problem in your business ecosystem.
I can help. Just click HERE to connect personally with me. I'll be happy to share some resources suited specifically to you...
Most business leaders spend a lot of time and energy trying to design, implement and fine-tune strategies for growing their business.
But the application of strategy to business assumes that businesses are in competition with each other. It's an outdated relict of Industrial-Age thinking...
In today's hyper-connected world, understanding your business ecology is so much more important than strategy. In a well-connected network, there are many pathways to growth. Mapping the landscape of your unique business ecosystem can unleash powerful levers in service to your business growth. It's an effortless pathway to more organic collaboration.
As a business owner or team leader, your success is critically dependent on how well you Understand the Ecology of Your Business.
What the hell does this mean?
An ecosystem is a community growing and thriving in a connected network.
Those who don’t understand this will certainly struggle, as they must deploy the brute force approach of hard work and long hours.
But when you study of the nature of your network, and how it interacts as a community, you will discover the power of real leverage, innovation, collective genius, and growth that is automatic...
How good are your delegation practices?
Are your delegated tasks tending to boomerang back – returning undone, or done so poorly that just feels easier to do it yourself?
Or do they go sideways. You ask someone to do one thing, and they do something completely different.
How about this. When a delegated task blows up. You ask someone to do something that you think should be relatively straightforward and they turn it into a major enterprise.
Blowing up, Boomeranging or going sideways. These are symptoms of a missing or ineffective delegation practice.
When you understand how human nature affects the psychology of your people – and how that psychology causes your delegated tasks to blow up, boomerang or go sideways - you will transform your leadership. And find yourself with a lot more time to grow your business.
After talking nearly every day (for many hours) over the last 3+ years, we decided to launch this blog to get some of the crazy insights, hot debates, and just-really-cool concepts out into the world.
We are passionate about expanding our ideas on great ways to lead collaboration and innovation in today’s hyper-networked, knowledge-based, empathy-driven business environment. We feel we are on the cusp of a cool new paradigm shift – what Professor Rita McGrath at Columbia Business School has called the 4th era in Management.
We invite you to subscribe to our feed and join the discussion.
Michael has a passion for helping small business leaders transform their business into fun, thriving, money-making ecosystems. With over 25 years of consulting, management, entrepreneurial, teaching, facilitating and coaching experience, Michael has acquired a rare set of skills that will help you grow your business, your team and develop yourself as a leader.
Richard is devoted to the practice and study of leading creativity and innovation in small teams. As an architect with 40+ years experience, he brings real life expertise from the trenches of design thinking and collaborative executive leadership.