Are You Harnessing the Power of Habit?

We are what we repeatedly do.
Excellence, then, is not an act –
but a habit.
– Aristotle

After reading, Charles Duhigg’s best-selling book The Power of Habit, I began thinking about the habits of leaders I work with and observed three key habits that differentiate those who are achieving significant results from those who do not.

  1. First and foremost, they invest time to analyze, think, dream, and define their aspirations. They engage their entire team in this process and debate, align, and commit themselves to a set of measurable goals.

What’s In Your Vision?

With a New Year underway, what are you and your firm leaders envisioning? In Using Vision to Shape the Future, Author Anthony Bell cites a Harvard University study conducted by John Kotter and Jim Heskett of 207 companies in 22 industries over 11 years. They found that companies with vision-led cultures significantly outperform those without one in four categories:

       

 

With A Vision (percent)

Without a Vision (percent)

       

Increased Revenue

             682

             166

       

Expanded Workforce

             282

              36

       

Growth of Share Price

             901

             74

       

Improved Net Income

             756

              1

How are You Managing Leadership Transitions?

Firms focused on growth know that identifying selecting new leaders is a serious investment of time, energy and talent. The wrong choice can have long lasting consequences on the firm’s reputation – and most importantly – results. To manage this risk, firms will spend extensive resources on selection processes, search firms, board reviews, etc. Yet, it is ironic that once the selection is made, the courtship and planning ends abruptly.

Non-Profit Notes: How Building Career Equity Helps Community Leaders Grow

Big Brothers Big Sisters (BBBS) knows relationships have the power to change and transform lives. After more than 100 years, they remain true to their founders’ vision to bring caring role models into the lives of children. Today, they operate in all 50 states and in 12 countries around the world. BBBS of Eastern Missouri is recognized as one of the most effective agencies in the national organization. Their progressive staff, board and a culture of accountability focus on impact through innovation to serve more than 1,900 children throughout Eastern Missouri.

What is Your Strategy?

In a recent issue of the Harvard Business Review, author Robert Simons, challenges leaders to Stress-Test Your Business Strategy: The Seven Questions to Ask.

The first and most critical question is “Who is Your Customer?” For example, who the customers or clients that value your services? Who refers you to potential clients? Who pays on time and asks you back to perform additional work?