Here is an article I published over on FindYourNerve.com in mid-November. With the quickly changing economic outlook, I thought the message is especially pertinent as we head into 2010. Enjoy!
I frequently cut out newspaper and magazine articles that possess a unique perspective on life or business. Several years ago, newspaper reporter Bruce Brothers of the St Paul Pioneer Press interviewed a gritty Minnesota runner named Luther Thompson. Thompson, in his late 50s at the time, had been known to enter some of the most grueling running races in the world, including the Leadville 100, a hundred mile race across the Rocky Mountains in Colorado. When Brothers asked Thompson what his toughest race was, a totally unexpected answer emerged. Thompson simply replied, “The toughest race is always the race I’m doing, whether it’s a 5K or a marathon or an ultramarathon.”
When I read that statement, I was awestruck by its simplicity and wisdom. Thompson was right, even as business leaders, our toughest race tends to be the race we’re running. This might be tackling a problem or pursuing an opportunity that is facing us. And it’s how we work through these issues that will determine how we place in the race we refer to as, business.
Twelve months ago, the toughest race for most businesses related to how to quickly transition away from growth, due to a sharp downturn in economic activity. Decisions had to be made to align with the new reality we call recession. Each decision held consequences and opportunities. Each positioned the business for success or failure.
Today, a similar toughest race scenario is beginning to emerge. Suddenly, organizations in survival mode are being challenged with another transition. This transition is about how to grow once again. And this is the take home point. I believe the toughest race for business leaders is to understand how to best lead through transitions. To lead through transitions effectively, one should consider:
- Understand where you’ve been, and recognize where you’re going.
- Leverage talent, and keep them engaged and motivated.
- Lead from a position of transparency and honesty.
- Delve into the tough “what if” issues by asking the hard-hitting questions.
- Communicate. Communicate. Communicate.
In this latest transition, leaders can’t afford to lose their nerve in moving forward. It’s our responsibility to demystify the unknown, create clarity around what’s really important and possess the confidence on how best to move forward. Only then can the toughest race become manageable and won.
Yes, the toughest race is always the race you’re doing. Whatever you do, don’t lose your nerve at the starting line, the place where races are won and lost.
Earlier in the week, I wrote about how Toyota’s sales had been declining due to lapses in quality, reputation and design. Today, the LA Times in an article titled
A case in point is Toyota, a firm I’ve written about several times. Last weeks Economist, the front cover title was,
Less than a year ago, I published the book “
Organizations come up short and fail on numerous fronts. However this article by Susan Lucia Annunzio delves into one of the most serious leadership traps a leader can fall into - Silence.
Last night was special - I watched the best film on innovation I’ve ever seen. It was simple, and loosely based on a true story. It was funny. And it delved into the challenges of innovation. The movie was called Kinky Boots. Here is the product description.
If you were to look up the term Silent Problem, the iconic symbol for GM would be there. Over the past 30+ years, GM has been a company where culture trumped everything. Well last week, GM finally took a couple baby steps to shake up the team, and hopefully begin to change the culture. A report over at Bloomberg titled,