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Think about it, people come and go, technology is superseded, IP evolves, but your culture is constant and impacts all of these.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.
I’m in my office at the moment. This morning I’ve planned next week, had multiple meetings and worked on some strategic moves for my business.
I used to be all about winning at everything I was involved with.
Many ‘entrepreneurs’ I meet just want to be the ‘big ideas’ person. They’re not interested in the little stuff.
In life people always talk about getting ‘ahead of the curve.’
Something had to get out of the way for everything good that is in your life.
We worry about things that might not work out.
We are all a combination of our experiences of the past.
We don’t need to detach from our painful past.
The you today is different from the you a year ago.
Sometimes leadership is about creating a vision and bringing people along.