Hive17 Consulting
  • Hive17 Consulting
  • Core Programs
    • Antifragility Score
    • Keynote Speeches
  • Sustainability
  • Certification
  • Thoughts
  • About Hive17

How long do you want to run your business? Another 10 years?

14/7/2022

0 Comments

 
Picture
It never seems to stop - people around me are rushing deadlines, month-end closures and are stuck in one "burning platform" after another. I feel many people are stuck in immediate return, the quick buck and focus on financial returns (of the month, the day, the minute?). How does this lead to long-term success? Apparently not.

In my observation, this short-term focus is getting more ingrained in many company and economic structures. When is the last time that you saw a financial report that shows the trend of the last 3 years? Even country GDPs are simply compared to the previous quarter and the same quarter the previous year. And in today's volatile world, that doesn't say much. Further, is GDP (or EBITDA) even the best leading indicator for success?

A key question here: how can we become more sensitive about the long-term impact of our actions? Can we justify short-term results that jeopardize long-term objectives?

Our world is a complex and interwoven ecosystem; a simplification in financial figures will only lead into wrong directions and actions. What we want is lasting success: for our company, for our employees, for our customers, for our planet and for the society around us. Best explained is this with the Exponential Age, where innovative companies are spending a significant amount on R&D - tinkering to find the best solution knowing that this approach will not lead to short-term return but rather building the ramp to an exponential success in the future! This is based on the capability to change oneself and drive change in a rapid, sustainable way!

How to do that? First important step, work on an inspirational Leitbild - an imagination of a future state that guides your business! This is focusing on making your customers successful - and any partner in your business ecosystem is in the end sort of a customer, right? And this success is build on your people, on business success, on technology, and considers the planet and society we are embedded in.

Based on this, we can seek short-term results that are aligned with our long-term Leitbild. Any shortcut will jeopardize your long-term success.

To answer the initial question: try to imagine what your company will look like in 20 or 30 years. Take a step back and focus on doing the right things. Then you will find ways to catapult your business forward; instead of taking that shortcut.

"If we stopped investing we would be out of business in 10-15 years", Werner Vogel, CTO Amazon
0 Comments



Leave a Reply.

    Subscribe
    Receive our monthly themed summaries of our thoughts: click!

    Tim

    Tim is a change practitioner in the area of innovation and excellence. He is working with teams to accelerate innovation, collaboration and agility.

    Categories

    All
    Change Management
    Climate Tech
    Cross Silo Collaboration
    Data Driven Decisions
    Design Thinking
    Digital Transformation
    Entrepreneurship
    Headspace
    Hybrid Innovation
    Intrinsic Motivation
    Lean Startup
    Mindfulness
    Neuroscience
    Operational Excellence
    People Excellence
    Positive Leadership
    Productivity
    Slowdown To Speedup

    RSS Feed

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    March 2019
    February 2019
    January 2019
    November 2017

© 2023 Hive17 Consulting Pte Ltd, Singapore (201318853R)
  • Hive17 Consulting
  • Core Programs
    • Antifragility Score
    • Keynote Speeches
  • Sustainability
  • Certification
  • Thoughts
  • About Hive17