I recently revisited my business plan (something I do about every 4 months…). My goal is to see (a) how/what I’m doing regarding how/what I THOUGHT I’d be doing, (b) note any changes, and (c) update the plan accordingly. This combined backward- and forward-cast of consideration reminded me of a post I made awhile back about the parallels of enterprise performance review processes and horse races. While that post focused on the willingness to engage in developing and enriching team members that are forced into a strictly hierarchical and ‘winner-takes-most’ structure, it made me consider the dynamism of the processes, products and services that entrepreneurs work with. We work in the middle of a whirlwind every day.
There are a lot of ways for business owners to formulate, define and drive to their business goals. A mentor I had while I worked at Microsoft had three goals he printed on a 3 x 5 note card and taped that to his monitor. He told me that if what he was doing didn’t directly impact any of those three things, he would not do it (where he was in the pecking order allowed him that kind of choice…). He was relentless and laser-focused on those goals every day. They were something of a mantra for him.
“Innovation” has become a flat buzz-word in business. I think we may have finally beat it into unremitting grayness, which is unfortunate. If ever we have been in need of creative and unusual solutions to problems, it is this moment in which we find ourselves. Even the concept of “disruptive innovation” has become something of a totem that has lost meaning.
A business forum I attended a while back consisted of a panel of folks from various kinds of businesses, including a local bank, a cafe’/bakery, an architectural firm and local health care. The discussion revolved around how they each approached the overall idea of sustainability and the Triple Bottom Line (TBL) of People, Planet and Profit (or as they were presented: Social, Environmental and Economical). Each have very interesting and unique approaches, and the challenges they encountered (and still work through…) were instructive.