Provocative Propositions

In the hyperactive and challenging world in which we all live, it is becoming harder and harder for business leaders to find time to read, reflect and gain insight from the many valuable sources at our disposal.

In "Provocative Propositions", The Beacon Group attempts to fill that void by offering our opinion, often rather pointed, on a wide array of issues we believe are relevant to leading a modern organization.

The articles are catalogued into 12 categories so you can quickly and easily find a topic of particular interest. We then offer three easy steps under the heading "In Our Opinion" to help business leaders take action on the key themes.

Simply click on the category and read away.

The Power of Vigilance
This tragedy could have, and should have been prevented. The Titanic had been dubbed unsinkable and, therefore, there weren’t enough lifeboats on board for all of the passengers. In addition, reports of icebergs in the vicinity hours earlier had been ignored. This is the very same sort of arrogance, and denial of common sense that author Jim Collins says happens every day in business.

Before tragedy hits your organization, you should be on the lookout for the predictable pattern that often traps companies, and ultimately leads to their doom.

The Fact is - if you’re lucky, your company is or has been successful.

The Problem is - in many cases, this success can create a sense of invincibility and false optimism that can ultimately erode the foundation of your company.

The Outcome is - a culture that falsely believes success will continue indefinitely. Ego begins to take over from common sense on key business decisions.

The Solution is - to constantly monitor your organization for signs of overconfidence, and a decline in the rigour with which you made decisions in the past.

Too Great To Fall

Like those at the helm of the Titanic, it’s easy to believe your company is too great to succumb to failure. Collins argues, however, that this sort of mentality is exactly what gets companies into trouble. Perhaps Intel Chairman Andy Grove had it right when he said “only the paranoid survive”.

While success is nothing to be ashamed of, and certainly worth striving for, it is important to keep your proverbial head screwed on tight, in order to ensure the long term success of your company.

It Starts At the Top

In his book “How the Mighty Fall”, Jim Collins studied a number of companies that rose to monumental heights only to collapse years later, including Bethlehem Steel, Zenith, and Scott Paper. He found that, in each case, not only did they follow a predictable pattern overall, they also displayed similar dysfunctions at the Senior Team level.

Remembering that Collins is also the author of “Good to Great”, it’s important to note that great organizations were the by-product of humble, company-focused Level 5 Leaders. In the “fallen” companies, Collins found that they lacked, in many cases at all levels, any Level 5 Leadership whatsoever.

Climbing Back Up

The good news is that today’s tough economic events are allowing those fortunate enough to have a second chance time to truly evaluate their organization. If you sense that your organization’s head has begun to swell, it’s not too late. Caught early enough, and, with great leadership and perseverance, your organization can “right itself” in time to sail for years to come.

In Our Opinion
The Beacon Group’s Key’s to Recovery and Renewal

Strive for Greatness - If your organization has strayed from it’s roots, take time to ensure your leaders have the best interests of the company in mind, that you have select the very best people, and that you focus on the things you can do better than anyone else. Keeping these things front and centre is key.

Don’t Read Your Press - While success is never a bad thing, never let it go to your head. There is always another company out there trying to unseat you. Worse yet, poor decisions and laziness internally can cause your own downfall.

Have Plenty of Lookouts - If you have the right people at all levels in your company, they will keep their eyes on the horizon, constantly on the lookout for “icebergs” that may harm you. Trust them when they bring items to your attention. The more eyes you have looking for trouble, the less likely you will be to run into it.
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