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Awkward Reality #228

Why are you sprinting… when you’re in a marathon?

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If you expect your business to be around in 10 years, why are you focusing so much of your energy on this quarter? Especially since less than 10% of your company’s stock value comes from current earnings… while the rest comes from the market’s expectations of your future earnings. Sure, this is what most leaders focus on… but not leaders like Jeff Bezos or Steve Jobs.

More in article, The Inputs to Innovation for B2B

Awkward Reality #227

The first rule of business: Leave yours stronger than you found it

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I think this rule should be on every business leader’s desk, and perhaps stamped on their paychecks. Should we be impressed if they pumped up the stock price during their tenure? Not if they did it by mortgaging the company’s future with short-term moves, perhaps chasing away top talent in the process. Glory lies in building something of lasting significance… not in pillaging it.

More in article, How to become a great business leader

Awkward Reality #226

Short-term financial focus leads to roadkill

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When you drive at night with just your low-beam lights on, you may observe small animals as you run over them. But you can’t avoid them. To do that, you need to have your high-beams on. Same with all those short-term financial reviews: You can only observe the bad results. To change the results, you’d need to build growth capabilities for the future. Run your business with your high-beams on.

More in e-book, Leader’s Guide to B2B Organic Growth (Lesson 7)

Awkward Reality #225

Think about the customer’s job to be done, not your product to be sold

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Your front-end-of-innovation should center on a specific customer job to be accomplished. Focusing on your product concept is far too limiting. Let’s say your business makes some physical article. By focusing on the customer’s job, you might conceive a different product, service, or even a completely new business model.

More in Leader’s Guide Videos Lesson 13, Immerse in customer outcomes

Awkward Reality #224

Awkward Reality #223

If you start selling your new B2B product when you launch it, you’ve started too late.

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Research shows top sales professionals ask customers questions such as, “What problems are you facing?” Why not ask this before you develop a new product —not just afterwards? Such questions engage, so customers are often “half-sold” by your launch date. And their answers let you create much better new products. So… one question, two benefits.

More in Leader’s Guide Videos Lesson 17, Engage your B2B customers

Awkward Reality #222

An important question is, “How’s that been working for you?”

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Your market is growing at 3% and your operating plan says you’ll grow faster than this next year. Of course, your competitors have similar plans… meaning everyone plans to grow faster than the market served. As TV psychologist Dr. Phil would say, “How’s that been working for you?” Could it be time for a different approach… e.g. understanding customer needs far better than competitors?

More in Leader’s Guide Videos Lesson 1, Recognize your growth challenge