Is your company operating on a lone star model? Do you understand the consequences of building a company around this model?
This happens more often than you think – companies that are built around one person and when he or she leaves everything tends to slowly fall apart. Think Apple years ago – there are several others too. You do not want this. Take the time to discover and nurture talent in every area of your organization.
It doesn’t matter how good a strategy or value prop you have, at the end of the day, you will need a well crafted organization filled with talent if you want to execute and build a successful organization.
In today’s knowledge economy, team building is one of the most important risks you need to manage – building a strong team can be difficult too, but possible when made a priority. Are you making it a priority?
Note: A strong team is not one where a single person disproportionally influences the team’s results.
Everyone seems to cherish the company champ, but if you want constant business growth, you better have organizational structures in place to ensure that the other team members are ready to take the lead when something happens to the champ.
What about you?
How are you building your organization?
Are you an innovator or just a lame excuse maker? Earlier this week, Mitch Ditoff posted an awesome blog titled ” The 100 Lame Excuses for Not Innovating”. After reading through the ENTIRE list, it made me realize how often I hear these excuses from friends, family, companies, and everyone in between.
How about this? I challenge you to take a look at the list (All the way through) and see what excuses are currently holding you back from innovating and ultimately making something happen.
Organizations everyday, all over the world know they they need to be on top of social media and they are already investing more and more money into it, however they still have some reservations about ROI. Why the reservations about ROI? Because of the fact that there isn’t a standard means for measurement – you have some companies tracking traffic, while others are tracking short term sales.
Just in the past few weeks, I’ve had several executives ask me questions about effectiveness, ROI, goals, metrics, monetization……what should we do?
If you haven’t checked it out you should. You can actually watch Dreamforce live online here.
Today at Dreamforce salesforce.com chairman and CEO Marc Benioff welcomed some 30,000 or more people to the Social Enterprise, which according to Alex Dayon is considered the business strategy for the next decade of computing that bridges the divide between today’s social customers and the companies that cater to them. Can we say awesome!
I’ve failed at a lot of things in my life including start-ups, and you know what, I’m pretty excited about it. You would think that I would be sitting here crying a river like most people, but I’m not. Instead I’m reading, learning, studying, asking tough questions, reflecting on my screw ups, and working on a bunch of new start-ups with amazing and brilliant people.
Realizing that it is a combination of things that cause a start-up to fail, one question that I’ve asked myself over and over after having a start-up fail pretty bad is, “What makes start-ups succeed or fail?”