Many of the earth’s most enduring organisms from ants to bees encourage specialisation. Likewise, the successful bank of the future will incorporate composite specialists into their superorganism rather than trying to compete on all levels. This approach will not only optimise survival for legacy organisations but will create an ecosystem that caters to changing customer demands. This combination of specialism and diversity applies not to only the most successful organisms, but also to the most successful organisations.
This week’s #thursdaythought is about letting go of assets before they have run their course. It is inspired by the latest episode of The Innovation Show with the author of “Quit” by Annie Duke. Serendipitously it is also influenced by Rita McGrath, who joined us in person this week in Dublin.
Stealing From The Future: Decaffeinate Your Strategy. Business Leaders steal from their future the same way coffee robs from our sleep.
Have you ever reported a “win” to a boss and they were visibly disgusted? You probably broke one of the laws outlined by Robert Greene in “The 48 Laws of Power”, you never outshine your boss!
“genetics loads the gun but the environment pulls the trigger”. This term highlights the complex relationship between human disease and the environment. In a similar vein, in organisations, an imbalance of androgens loads the gun and the business environment pulls the trigger.
The “crabs in a barrel” or “crab theory” is a metaphor to describe the tendency of whenever someone gets ahead, others from their community try to pull them right back down again.