Recently, I spoke to a CEO who sold his business after suffering through the economic downturn. While the sale was extraordinarily favorable I asked, “Given the benefit of hindsight might you have done some things differently to have avoided the pain of the last six years?”
His answer was, “Not really…I did what I had to do.”
Twelve CEOs were staring at six bottles of nail polish I had placed on the conference room table. (Two women and ten men were participating in their monthly LEVERAGEDWISDOM peer learning meeting. I asked the women to hold their answers.)
Raising one small clear glass bottle filled with nail polish, I asked, “What color is this”? Purple? No! Plum? No! Blue-violet? No!
Holding up another bottle, I asked, “and this one?” Deep pink? No! Rose? No!
One more. “How about this one”? Red? No. Maroon? No! Read more →
A CEO’s perspective and vision are often defined by their routines. So, it is useful for them to break their routines in order to gain new perspectives.
Example: Stand on your desk!!!
Read more →
Being CEO/Owner means you have to make decisions in a timely and effective manner.
Yes or No…Heads or Tails…Left or Right.
At LEVERAGEDWISDOM, we’re all for a well-researched thoughtful measured decision making process that’s inclusive of others. After all we are a CEO/Owner peer learning organization; but, at the end of the day…somebody has to pull the trigger. However, too often, leaders insist on more information and more time…more meetings and more opinions, more of this and more of that. Bottom-line, if the decision process takes too long it becomes a Choke Point. Read more →
At LEVERAGEDWISDOM we work on our Member CEO’s choke points often leading to unusual action steps.
In military strategy, choke points are geographical features; such as bridge, valley, or strait which an army or navy is forced to pass through. The choke point increases vulnerability, decreases combat power and compromises the ability of a unit to reach their objective.
In business a choke point is a person, position or process that decreases the company’s operational excellence when delivering products or services to customers; thereby, compromising growth and/or profitability.
Process Choke Point: Case Study Read more →