Your strategies do run out of steam, get old and become ineffective … you need to keep refreshing them based on your anticipation of the next change.
What is the best way to get new ideas or to learn something new to apply to your business?
For us, one way is to be ‘in the field’ observing and learning what other, different businesses are doing new and exciting. We do look at our competitors for sure, but for the real good ideas we’ve found that looking at businesses outside the industry provides the best way to think creatively ‘outside the box’.
Another good way is to do a lot of reading on what others think and excellent new books are usually at the top of the priority list. We try and read books and magazines that cover different topics in different fields … looking for transference of ideas.
All these have one thing at their core … they help to question some tenet of conventional wisdom. The hardest thing we find is to get the old ways of our mind. Only then can we discover the best new ideas.
Over the years in my career, I’ve had the good fortune of being exposed to many smart people and worked as part of many teams trying to build collaboration and sharing. It never ceases to amaze me how just a few moments of discussion, or sitting and listening to well thought-out debates, can open your mind to ideas you can’t believe you didn’t think of on your own.
For example, consider this example. It takes a great entrepreneur with vision to start a business, but it requires strong leadership collaboration skills and a collaboration of many people to make it a success.
Collaboration is working together to achieve a goal. It is a recursive process where two or more people or organizations work together to realize shared goals. Note that collaboration is NOT cooperation … it is more than the intersection of common goals, but a collective determination to reach an identical objective by sharing knowledge, learning, and building consensus.
Collaboration is an attribute that cuts across many businesses and business processes. We need to make it an intentional process and cultivate it into the team’s culture.
The significance of your results extends to your partners and suppliers who will want to trade with you for as long as there is a “win-win”. All stakeholders will determine if you are achieving “good” results by looking at your solvency, your ability to settle invoices on time and the degree to which you respect their brand integrity when using their products or services to enhance your own.
We are confident in our ability to generate great results and will make a commitment to them.