Leaders in a Crowd: Do not look for the average

Leaders in a Crowd: Do not look for the average

Settling for an average is like searching for that elusive balance, which is never there. Imagine that in this volatile world if we look for the average, we would be drowning in a river whose average could be anything but what will count is the actual depth and whether that is lower than the heights we possess. It is the absence of balance that moves the world. If every demand was met with a supply, there would not have been any innovation. It is that additional spurt for something new, something that is not currently present, that makes an innovator start with new assumptions. It could be new design that does not exist or a new element of application that need not be there in the existing product. Think of the financial world and you will see this unfold in a myriad of ways. The financial world is never in equilibrium, the monetary supply is trying to meet some balance of demand but that seems to be permanently in disarray. Think of the Central bankers in search of instruments that would make the dual mandate work, inflation targets met and unemployment rate low. They either achieve the first but not the second or achieve the second but not the first. Corporations run by leaders who are not going after finding the balance are more likely to succeed. These leaders run a bias for action that is not satiated by the desire to provide balance and harmony to what this world is made up of. The recent paper by Itzhak Ben-David, John Graham, Campbell Harvey, Managers are mis-calibrated, brings out some of the...
5 Common Reasons People Never Achieve the Success They Want (One of Them Is Super Common)

5 Common Reasons People Never Achieve the Success They Want (One of Them Is Super Common)

There are endless opportunities for success to be abundant, but it can be one of the most elusive things in life. Success is an inherent goal in everything we set out to achieve–no matter what we set out to do, we hope for positive results. Yet, so often we get stuck along the way. There are so many opportunities for success to be abundant, but it can actually be one of the most elusive things in your life. This can be extremely frustrating, especially if you think you are doing all the “right” things. But here’s one secret to success you might not realize: it has a lot to do with your mental resilience. The way you approach your goals internally can make or break your results. These “internal settings” take many forms. Here are 5 reasons most people never achieve the success they want: They listen to their negative mental chatter: Start to observe the negative mental chatter that occurs in your head, and notice how much of that is targeted towards yourself. What negative messages you are allowing yourself to experience? All of us have some level of negative mental chatter, but those that struggle to achieve success are often at the mercy of their own negative messages.What to do:Acknowledge that your negative mental chatter is partly a result of how your brain is wired. It focuses on the negative more than the positive. First realize that the messages are only one perspective–your own–and that they are most likely false. Create positive messages that feel realistic, and tell them to yourself to counterbalance the negative. Before long,...
How To Avoid Conflicts Between Leadership And Entrepreneurship In Booming Startup Culture

How To Avoid Conflicts Between Leadership And Entrepreneurship In Booming Startup Culture

A startup with an unestablished culture where roles and responsibilities overlap might often see conflicts amongst its leaders and owners. Reconciling between people and diffusing these conflicts to meet the organisational objectives work is the key to success. Even though conflicts between two different minds cannot be avoided, taking steps to reduce the number of conflicts by incorporating healthier governance mechanisms, and having realistic expectations is the way to build a progressive business. Startup entrepreneurs are usually identified with being young, dynamic, positive and highly ambitious. With these traits, they quickly make their mark in the market, but sustaining their image and being constantly profitable can only be achieved with experience and expertise. At such a juncture, founders feel a dire need of hiring leaders with a proven track record of delivering results. While entrepreneurs are confident about their own vision and believe that only they can take their startups to success, these hired business leaders come from different industries with a different stack of experiences and perceptions with an aim to produce positive results. They not only have the knowledge or expertise to get things done better, but they can even sense invisible threats and opportunities and capitalise upon. This perception difference may lead to a conflict with leaders often disagreeing with the business owners over the do’s and do not’s of the business. Entrepreneurs need to be wise enough to benefit from the experience of these veterans rather than pursuing their gut feels. As intelligent businessmen, entrepreneurs should be willing to implement the Pareto’s 80/20 principle and give away a 20% of their policies to make the...
Why businesses should invest more in employee training to enhance profit margins

Why businesses should invest more in employee training to enhance profit margins

Many early stage startups expect new employees to acquire skills on the job, while some large corporates too generally don’t invest much in long-term employee training programs. Companies don’t train workers anymore because of different apparent factors such as the changing nature of work and constant job hopping by employees. But businesses should continue to invest in all their employees. In fact, these are the people who plan, process, and propel a business and help to achieve its ultimate goal, which is profit maximization. Every person in every department works for this supreme objective, directly or indirectly. Many falsely presume that only sales and marketing people are responsible for revenue generation. In practice, be it a production engineer or an account manager, a market analyst or an HR executive, all contribute immensely to maximize the business profit. Only those organisations where all people work with solidarity achieve annual targets and get success in the long run. As per the HR Magazine, companies that invest $1,500 per employee annually on Teaching and Learning (T&L) activities earn 24 percent more profit margins than organisations with lower training budget. A similar study conducted by The American Society for Training and Development (ASTD) reveals that out of 2500 companies firms which had provided comprehensive training to its employees availed 218 percent more income per employee than companies with less aggressive and non-comprehensive training approach. Now, it is a firm belief of a majority of corporate giants all over the world that by leveraging technical and professional skills of the employees, businesses can make higher profits without endangering their sustainability. How to gain optimal...