To Belichick, the invisible aspects of team building and winning are as much as – or perhaps more important than – the visible aspects like talent, speed, and strength.
I will clarify four oft-used terms by defining them and providing examples: core purpose, mission, vision and values.
If you’ve spent any time recruiting, you are painfully aware how hard it is to find good people. It’s even harder to keep them, particularly younger people. But those Millennials are not as unmotivated and unambitious as many claim.
Looking back 10 years, why were so many capable and otherwise successful executives and other experts unable to see the overwhelming impact the iPhone would have? What are the lessons for advisors?
My recent trip to an online job search site, Glassdoor.com, validated my conviction about how critically important a strong, “emotionally intelligent” leader is to a healthy organization.
This is how obsessive adherence to process unfolds into irrelevance.
How a product or service is packaged and presented has a huge impact on the way its value is perceived. The sleek design of the iPhone, the Apple logo and the box it comes in all “scream” quality and hipness. And Starbucks made a name for itself with the “Starbucks Experience.” That lesson applies to advisors, who must scrutinize the elements of their personal interactions with clients to the same degree as they do their investment and planning processes.
Quick! What are your firm’s core values? What about core purpose? Mission? How about your ideal client profile?
Providing a path for career growth is essential to every business. Two recent conversations with young, talented professionals illustrated the price an advisory practice will suffer if it lacks a career track for growth.
Running a strategically disciplined advisory business – or any business for that matter – is like writing a strong story with a tight plotline.