Applying business concepts to daily life is a valuable lesson I learned early in my career. By implementing this approach successfully, these concepts can positively impact various aspects of life. My journey on this began with goal setting.
As a young financial analyst years back (oh, I miss those days), we would do planning for the entire organisation, moving across all functions and their elements and planning how we want the following year to be in terms of volume, pricing, costs, expenses, capex etc. This goes through many layers of iterations until it is finally approved and becomes ‘locked’.
I cannot do it alone. You cannot do it alone.
‘Getting along well with other people is still the world’s most needed skill. With it, there is no limit to what one person can do. We need people, we need the cooperation of others. There is very little we can do alone’ – Earl Nightingale
One of the things I learnt in the corporate world is that the success of any organisation hangs on the ability of its sub-parts to cross collaborate. No silos. In today’s fast-paced and interconnected world, the importance of getting along well with other people cannot be overstated. You cannot deliver your JD – job description alone. Sales needs Finance, Finance function needs HR, Logistics needs Manufacturing – it is an interconnected system – with no one more important that the other (even though my sales friends think otherwise 😊 ‘we bring in the cash so…. y’all rest’).
When I clocked 40 – I got a call from a young friend who after giving me his wishes asked ‘did you achieve all the goals you had set to achieve before 40’ I said No, but I achieved things I didn’t plan for.
‘Change the Plan, Not the Destination’ – anonymous.
Strategic Agility – (I’d come back to this)
I had an interview once and the question was what the role of Risk is in Strategy planning and Performance. And I started my response with Murphy’s Law. Murphy’s Law is a belief/concept that says that ‘anything that can go wrong will go wrong’. The first time I read about Murphy’s Law – I thought it was a pessimistic approach to look at things.
For the large part of my career I have been responsible for execution of strategy. Not just the ‘talk’ part (strategic planning) but largely the ‘do’ part (execution). How do we ensure that every goal we set we achieve? How do I bring people to that pedestal such that we are not just ‘winging’ it but strategically executing in a military fashion approach. You do what you say! We all do what we say.