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Business Culture: Hard Work, Intelligence, Ambition Not Enough

Strategy + Business, an award-winning management magazine for decision-makers in business and organizations around the world, seeks to revea...

Strategy + Business, an award-winning management magazine for decision-makers in business and organizations around the world, seeks to reveal the lives of CEOs behind the scenes.

It shows how they use strategies, marketing, operations, human capital to make changes in their spheres of influence.

By @Comic24Derick

“At the heart of this book is the modern truism that “competence, hard work, intelligence, and ambition” aren’t enough to get us ahead. For Ms. Benton, vital traits are the tie-breakers,” said Strategy + Business.

Not all the characteristics that define a successful CEO will tick the box. Even if you are a hard worker, you are not guaranteed to yield all the anticipated results.

Deborah L. Jacobs of Strategy + Business added: “Near-perfect C.E.O.’s does not always show all of these traits, but “use a lot of them a lot of the time,” she says.

Learn and master “organizational alignment: Manage performance and health with equal rigor,” mentioned McKinsey.

“Ask successful investors what they look for in portfolio companies, and many will tell you they’d rather put money on an average strategy in the hands of great talent than on a great strategy in the hands of average talent,” Carolyn Dewar, Martin Hirt, and Scott Keller wrote.

“The best CEOs put equal rigor and discipline into achieving greatness on both strategy and talent.” Investigate what makes great entities be admired and achieve greatness. Good business achieves that when you continue to work on ideas tirelessly.
Potential stakeholders do not just put their money anywhere, even if you claim to have the ability to grow their investment.
Potential stakeholders do not just put their money anywhere, even if you claim to have the ability to grow their investment.

You might be a nobody today, but if you have a unique talent, you will attract investors who believe in you and your talents. Good strategies are important, they make big names seek to be part of your company.

Does your business have a business culture and what it stands for? By definition, culture constitutes the ideas, customs, and social behavior of a particular company. 

And if you don’t have a philosophy for your business, formulate one today, and it will define the course your business must take to reach its destination.

“Create a thriving organizational culture,” urged Lolly Daskal. “To put yourself on track to become a successful CEO, you need to create a thriving, healthy, vibrant culture. That means making sure people feel invested in and nurtured, and keeping the company competitive in the market.”

Companies that have a known culture tend to attract unique talents. Studies show that these businesses also attract more people, not only for the remuneration but also for their unique, defined culture that rewards people accordingly.

Daskal added that: “Business school teaches you to focus on organizational strategy. And the strategy is important, but a thriving organizational culture is even more critical for long-term competitive advantage.

The above statement reveals that vibrant business culture is equally important as the strategies that drive a company’s profitability. A company that maintains its culture will have a competitive edge against its competitors.

Saqib Ayaz, a contributor for Tweak Your Biz, suggests that you “obtain, connect, and hold talent. If you need to contract keen individuals to come and work for you, you have to act tactically.” Again, talent does not come cheap. You must be prepared to invest, to bring the best minds.

“Individuals entering the market value having their projects plainly characterized and being set in a role with an unambiguous outline of what is anticipated from them,” added Tweak Your Biz. 

“Giant organization CEOs rapidly comprehend that one individual can’t perform adequately when taking part in a bunch of specific projects.”

Make it a point to allocate the right people to a certain project. Understand your workforce. Motivate them to perform to their maximum ability. Give employees clear instructions, what are the expected outcome and the specific benefits for achieving set targets.

Understanding the power of yes and no, is another top management tip that is often underestimated by many CEOs. In their contribution to the Entrepreneur magazine, Doug McCullough and Brooke Medina said, “A CEO knows how to say “No” and regularly does so. Anytime you say “Yes” to one thing, you’re saying “No” to something else”

The Entrepreneur piece continued to quote the late Steve Jobs. “When reflecting on Apple's success, Steve Jobs once said, “I'm as proud of many of the things we haven't done as the things we have done. Innovation is saying no to a thousand things.”

We have all heard that being a yes man can create problems, and this also applies to the business domain. Although a negative response can be taken to mean you are not interested, it is meant to make you focus on the crucial beat. 

Do necessary things. Don’t stray from your mandate because you want to please other people. By saying “No” regularly, you’re ensuring that your schedule is pruned and your priorities are set, which can safeguard you from feeling overwhelmed.

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