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 →
“We tackle the tough questions that keep owners of privately held businesses up at night.”
The stark reality is that there is life cycle to everything. At some point even the greatest waterway has to be widened (the Panama Canal). A company built on rock-solid chemistry is blindsided by digital process (Kodak). A disease defeats its medicine (TB).
The Discipline of Market Leaders became a much revered business book in the mid-90s. At LEVERAGEDWISDOM the book generated vigorous discussion and ultimately disagreement with the authors.
Michael Treacy and Fred Wiersema claimed that market leadership derived from choosing one of three disciplines; operational excellence, product leadership or customer intimacy. To attempt to master all three would lead to weakness and mediocre standing in the market place. They offered extensive research and specific examples of companies who chose one discipline among the three and noted their prosperity. Read more →
A LEVERAGEDWISDOM Member, founder and managing partner of a prominent accounting firm, once described his workforce as divided among Finders, Minders and Grinders. In the context of a professional services firm one can quickly imagine what these roles entail: Read more →