What A Caterpillar Can Teach You About Growing Your Business

Master Near Constant Change

 

Many people think that businesses should develop a strategy and stick to it at all costs.

But Sid Mohasseb, serial entrepreneur, investor, venture capitalist, and former the Head of Strategic Innovation for KPMG’s Strategy Practice teaches an entirely different approach: It’s the ability to adjust your strategy, almost constantly, that brings success. The environment is uncertain and changing, and changing with it is vital.

Sid teaches that we must push for more and evolve from one approach to another.

I recently had the opportunity to talk with him about his new book, The Caterpillar’s Edge: Evolve, Evolve Again, and Thrive in Business.

 

Prepare for Constant Flux

Why a caterpillar?

The caterpillar evolves many times over before it becomes a butterfly. It changes form until it turns into a completely different species. The caterpillar teaches us the wisdom of constant and incremental evolution and offers the promise of flying.  To compete, to advance and to win, in our businesses and in our personal lives, we must evolve constantly and purposefully, always.

 

“Things do not change. We change.” -Henry David Thoreau

 

How is the game changing? And how do leaders prepare for the constant flux?

Innovation is constantly approaching from every corner of the world. The speed of change fueled by unprecedented technological advancements and constantly increasing customer expectations are challenging companies to “stay relevant” – competitive advantages are temporary. The game has changed from, “How do I gain an advantage and defend it?” to “How do I change to stay relevant?”

To win in a state of constant flux, leaders must shift their minds and change their actions. First, by realizing their addictions (old assumptions, orthodoxies, biases, etc.). Next, by aligning with uncertainty – no plans can be permanent and no decisions are certain. Leaders must learn to live with probability and a portfolio of related plans – always ready to take the path that offers the most likelihood of success. They should also appreciate the reality of their capabilities and aim to build the future in increments; success cycles must be shorter and capabilities (people & systems) have to be created accordingly. Last, leaders must constantly look for the next advantage and aspire for more “Aha’s.” They should look for and discover the next challenge or opportunity, always; innovate, always (create new value), and evolve, always.

 

“To win in a state of constant flux, leaders must shift their minds and actions.” -Sid Mohasseb

 

How to Embrace Change

Why do we so often refuse to deal with change and uncertainty?caterpillar-cover

The refusal is more natural than intentional. We refuse to deal with change because of our fears of unknown (what is on the other side of change) and comfort with the status quo (comfortable routines we are used to and have served us well in the past). Most people embrace change when they i) realize the severity of the problem they face and ii) gain trust that what they can change to is a better state. We often refuse to change because we believe that the status quo does not present a major danger and/or we don’t trust the alternative paths offered by our leaders.

At business school and later at work, we are trained to look for certainty to plan to and execute against – assuming reduced risk. In our personal lives, we are comfortable living with probability and operating in uncertainly – there is a 40% chance of rain, and we decide, based on our risk tolerance, to take an umbrella or not. In our professional lives, we are expected to be certain and execute with confidence in outcomes. People, on a personal level, can innately adjust to uncertainty. However, they are reluctant operating with uncertainty at work because corporations expect and reward the illusion of certainty.

 

“The only thing that is constant is change.” -Heraclitus

 

3 Categories for Leaders to Plan in a World of Change

How to Become an A Player

How to Become an A Player

 

Do you want to be a top performer?

Of course you do.

Most of us want to play at the top of our game. And we want to recruit the best possible players to help us achieve our goals.

That’s the focus of Rick Crossland’s work. Rick is an author, speaker, and consultant. His nearly three decades of experience developing, recruiting, and leading high performers is evident in every chapter of his new book, The A Player: The Definitive Playbook and Guide for Employees and Leaders Who Want to Play and Perform at the Highest Level.

 


“You win with people.” -Woody Hayes

 

The Qualities of an A Player

What qualities make an A Player immediately stand out?

Some qualities that immediately stand out for an A Player are as follows:  accountability for results and integrity.  Pay attention to the meetings you are in over the next week and notice how many employees and managers make excuses for missing goals, or do not take ownership or accountability for solving a problem.  This is why the characteristics of A Players are so important.  The A Players are also scrupulous in their integrity.  Many people say one thing and then never follow through (or worse yet, tell a lie).  A Players, on the other hand, have integrity— they consider someone not following through on their commitment as dishonest behavior.

 


“Talent is God given. Be humble. Fame is man-given. Be grateful. Conceit is self-given. Be careful.” -John Wooden

 

Don’t Blame or Make Excuses

I love your “line of choice” image. When a leader sees someone falling into the trap of blaming and making excuses, what does she do to get the player back on track? 

In our cultures everyone is trained on The Line of Choice.  They’ll politely call out their teammate and ask, “Isn’t that comment below the line?” or “What does an above-the-line response look like?”  Or they’ll use the ABC vernacular and ask, “What would an A Player say?” or “That sounds a lot like B Player talk to me.”

 

Copyright Rick Crossland. Used by permission. Copyright Rick Crossland. Used by permission.

 

How to Motivate an A Player

What motivates an A Player?

One thing great about A Players is the leader does not have to motivate them.  In fact, they are self-motivated.  A Players truly work for passion.  They find purpose in the process itself.  They are not coin operated.  They focus on satisfying customers, making better products, and you know what? The money follows!  In fact it flows much more freely than if they had focused on the money.

 


“A Players are self-motivated, work for passion, and find purpose in the process itself.” -Rick Crossland

 

Ethics Matter

Throughout the book, you reference ethics, morals, and character. You also talk about leaders with some big personal failings. Why do so many people fall into these traps? How do you guard against it?

So many people fall into poor ethics and moral character for a few reasons.  One is that their environment lets them get away with it.   I’d recommend you put your antenna up this week and see how many times people in your organization tell and get away with white lies or half-truths.  Odds are you will be startled by what you find.  Now the question is, are you holding them accountable to clean up their act?  The other root cause is that people suffer from hubris.  Many folks just don’t think the rules apply to them, or they think they won’t get caught.

The way to guard against weak ethical and moral character is to build a culture where there is transparency to our actions.  Societal ethics are becoming more blurred by the day.  Make the adage by Aldo Leopold, “Ethical behavior is doing the right thing when no one else is watching- even when doing the wrong thing is legal,” part of your culture’s DNA.  Build your systems so someone is watching and holding others accountable.  Finally, the leader sets the tone for the ethical mores of your organization.  Part ways with leaders with shaky ethics.

 

Wow Your Customers

Prepare Your Brand for Unpredictability

Become a Free Range Brand

For many years, the big brands dominated powerfully over all. Little-known brands struggled to be noticed, hoping for shelf space or a PR miracle that would catapult them to the top.

That’s all changed now says Nicole Ertas, who argues that it’s easier for a challenger brand to gain a following even without the massive marketing budget of the biggest players.

Good news for the smaller players and for personal branding, too.

With little money and recognition, how do the challengers gain traction?

And what must the big names do to respond?

 

Nicole Ertas is the founder and president of The Ertas Group and author of Free Range Brands. She has helped build some of the world’s most influential brands. I recently asked her to share her branding insights.

 

“Authenticity can’t be claimed on the surface, it needs to be practiced.” -Nicole Ertas

 

Design for the Unpredictable

What is a Free Range Brand?

unnamed-2The big legacy brands we’ve known forever were built in an era of one-way, controlled communication.   TV, print, radio, retail distribution were all very controlled and well planned by big brands with big money, locking challenger brands out.

But today, not only have the barriers lowered for the challenger brands, these brands are able to engage communities in ways the big brands don’t know how.  The big brands aren’t set up for this and are quickly losing relevancy.

The brands that are thriving in this new world have made the shift from the old-world model of planning for control to the new world model of planning for unpredictability.  In fact, they are designed for unpredictability.  They are set up to let go.   I call these the Free Range Brands.

 

“A brand must be timeless and trendy at the same time.” -Nicole Ertas

 

Transform Your Brand

How can a brand set itself up to navigate unpredictability and become more relevant?

Today’s consumers demand brands that embrace an unwavering authentic core, but in a hyper-relevant way.  This essentially means that a brand has to be timeless and trendy at the same time.  Unchanging yet reimagined constantly.  This is what the old-school marketing models don’t account for.

The shift to going Free Range is simple, but strategically profound.   It requires transforming your Brand Equity to Brand Currency. Free Range Brands trade in Brand Currency.  This is the new mode of engagement, and one that is true to what a brand stands for.

Brand Currency is the dynamic offspring of Brand Equity. It allows your brand to reinvent itself to become relevant without losing its authenticity. By transforming Brand Equity into Brand Currency, brands become agile in an unpredictable marketing environment where leaders need to make decisions quickly without jeopardizing brand value.

 

“Brand currency is the dynamic offspring of brand equity.” -Nicole Ertas

 

4 Consumer Personas to Understand

Free Range BrandsYou reveal 4 consumer personas who each interact with brands in a different way.  Tell us about them

The key is in shifting your mindset from making the brand the hero to creating entry points for a consumer to become the hero.  From brand purpose to consumer purpose, this is how you build community.

There are 4 powerful ways a consumer interacts with a brand – and they can be understood through distinct personas.  They are:  LORDS, LOVERS, HACKERS, and HAWKS

LORDS are the modern-day influencer.  In the past, influencers used to be celebrities. Today, everyone has some form of a following. These are the Lords.  They seek to be recognized and seen by their followers.

LOVERS:  All brands are headed towards commoditization.  This raises the bar for marketers to build a brand over a product.  Lovers connect on values.  What does your brand stand for that your audience values beyond functional benefits?

HACKERS:  Modern day consumers think if brands are for them, then they should have every opportunity to interact and co-create.  Brands that don’t let consumers “in” are missing a profound opportunity to connect.

HAWKS:  Transparency has unleashed generations of distrust of companies.  Now the Hawks are in power, and they know it.  You need to think about everything from sourcing to hiring to ingredients, or the Hawks will unleash with little warning.

 

23 Hacks to Boost Your Creativity Instantly: FREE Webinar

Awaken the Creative Genius Inside

 

Do you think of yourself as creative?

Ever wish you could be just 5% more innovative?

Do you know how to create an environment that fuels your creative genius?

 

“Vision is the art of seeing the invisible.” –Jonathan Swift

 

Each of us can become more creative. Inside YOU is creative genius, as unique to you as your fingerprints.

It’s up to you to unlock it.

Over many years, I’ve had the opportunity to interview numerous experts in the field of creativity and innovation. Whether learning from an entrepreneur or an artist, I have collected some of the best advice available on how to boost your creativity.

And these experts have shared with me what we get wrong when we think about innovation. There are myths that we believe to our own creative detriment. Don’t believe these limitations which lock you in to a dull, gray world!

 

“This world is but a canvas to our imagination.” –Henry David Thoreau

 

Unlock Your Creative Genius!

You can now access a FREE webinar designed to Unlock Your Creative Genius.

It’s free to all Leadership Insight subscribers.

So, don’t wait! Subscribe today and claim your seat in this online webinar.

If you do, you’ll learn the:

  • #1 true enemy of innovation
  • 9 myths and misconceptions about creativity
  • Why being stubborn and unreasonable may be just the ticket
  • 8 symptoms of a culture lacking in innovation
  • 4 creative styles
  • 23 hacks to boost your creativity instantly
  • What color to paint your room to increase your creativity
  • How to use exhaustion to your creative benefit
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Unlock YOUR creative genius! Learn how anyone, anywhere can tap into the innovator inside.

 

“You can’t use up creativity. The more you use, the more you have.” –Maya Angelou

 

“Creativity is the way I share my soul with the world.” -Brene Brown

 

“Creativity is a wild mind and a disciplined eye.” -Dorothy Parker

 

Why not make this the year where you uncover the artist, the innovator, the creative genius inside of you?

 

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