Let me ask you, what is the most important asset of your organisation?
Is it your technology? Your intellectual property? Your people?
I believe that an organisation’s most important asset is its culture.
Think about it, people come and go, technology is superseded, IP evolves, but your culture is constant and impacts all of these.
If you have a great culture you are more likely to attract and retain the best people. The right people will eventually find a path to success. When Dick Cooley took over as the CEO of Wells Fargo, he realised he could never understand the major changes that would follow from the imminent deregulation of the banking industry.
But, he reasoned that if he got the best and brightest people in the company, somehow together they would find a way to prevail. He was right. Warren Buffett subsequently called Wells Fargo’s executives “The best management team in the business,” and the company prospered.
Great companies focus on great culture and great people. They a disciplined in their recruitment process to clarify what skills the person needs, whether they have the will to do the job, and most importantly, whether they are the right fit for the organisation’s culture.
It can cost up to 400% of an annual salary to replace a skilled worker, so shortcutting the recruitment process and compromising on cultural fit is always as mistake.
When we want something, we are taught to visualise that thing, to focus on that image, until we have it.
There’s almost never a completely clean run.
Sometimes wonderful things take you by surprise, they open a new door.
Have you ever moved into a new house and seen something that needed fixing and thought “I’ll get on to that soon”?
Humans are tribal.
As humans we have an insatiable desire to explain untoward events so we can get on with solutions.
In any field, most of the rewards go to the top 5% of people.
I say please to Siri.
If a turkey were to assess the state of the world in early December, they would be forgiven for thinking all is well and that the farmer loves them.
We often compare today’s performance relative to yesterdays.