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,...
10 tips for managing a high-intensity workplace

10 tips for managing a high-intensity workplace

Modern occupations come with newer problems and one of them is having a high-intensity workplace where multitasking is the norm, time crunch is a standard and negative health implications are an outcome. A culture of being “always on the call” is not healthy for a company because, despite increased efforts, productivity observes a deep slur. High-intensity workplaces often have a dull environment, with higher stress levels, which result in lower confidence and lesser productivity . However, in most of the environments, high-intensity work may not be eliminated, but surely managed to a certain extent with the collaboration of both managers and subordinates by adopting certain measures. 1. Recognition of the problem is the first step towards managing a high-intensity workplace effectively. Unless, you can figure the problems out, you cannot bring forth a solution. If the initial signs are ignored, trouble might be already on its way. 2. Stop multi-tasking and start working on focused activities at a given time. From increasing stress to decreasing productivity, multi-tasking does not work in activities that require your brain power. The human mind can retain only 7-9 things at a given time, so respect its limitations. 3. Prepare yourself for the situations of stress. Little tweaks in lifestyle and attitude can make you a better player at work. An employee with superior emotional and physical health is more capable of managing stress resulting from a constantly demanding job. 4. Prioritise your work and make a schedule. An important thing to consider here is not to over-commit yourself to too many things. Do the most rewarding and difficult tasks in the earlier parts...
How to embrace challenges and let victory chase you

How to embrace challenges and let victory chase you

It doesn’t matter where you began; what’s important is whether you’ve finalised the destination or not. In 1945, Sam Walton borrowed a sum of US$20,000 to pursue his business dreams with a small retail store in Newport, Arkansas. This amount might be considered meagre today and the store perhaps too small, but his dreams were amazingly big. Essentially, it was not the money or store that led him to establish the world’s largest organisation; it was the dream that converted the retired army man into a business champion. Now more than 20 years after Sam Walton’s death, Walt-Mart is still the top company in the world in terms of annual revenue and many great business leaders have followed in Walton’s footsteps. Business barrons such as Steve Jobs, Larry Page, and Mark Zuckerberg started their journeys from a small base. They were not born billionaires, but they were all born dreamers. Despite limited resources, they didn’t stop but rather surpassed all constraints and remained firm in their desire to convert dreams into big corporates. Today, these great business leaders are synonymous with success, growth, and achievement. They are the heroes, role models, and ideal champions of aspiring entrepreneurs. In economics, higher risks are often associated with higher profits. Business leaders who accept difficult challenges view every one of them as an opportunity. They make efforts to convert risks into potential business concepts while losers prefer to take a U-turn. Away from the conventional business approaches and strategies, smart leaders deliver strategic solutions to address every problem, big or small. Though many times these challenges take the form of a crisis,...
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...