Positive Energy

Creating Positive Energy With Your Words

One of the ways we generate energy is in the words we use.  Every word spoken or read creates an image and energy in our minds.

Did you know, we actually remember positive words better than negative words! Here’s an example: Don’t dump trash here! 

Sounds OK.  It communicates!  But in your mind, something amazing happens when you read this – amazing but not good.

Why not good?  Well, when you read an instruction that is worded negatively, you have to switch tracks from “I can’t dump trash here” to “where in the world AM I supposed to dump the trash!”

What is better and more effective to say is: “Dump trash here.”

Eliminating one word turns the negative order into a positive order that can be easily followed and avoids having to switch around in a thought dilemma, which wastes time and creates negative energy!

Here are a couple more to consider:

Negative Positive
No, we don’t have that one, we only have this one What we do have is this one and its features are…
I can’t have this ready until Friday I can have this ready for you on Friday
They cannot correct that problem until they redesign the motor When they redesign the motor, they’re going to correct that problem
Our managers don’t communicate with one another Our managers need to find better ways to communicate with one another
We can do this but it… We can do this and it..

Think about the word “problem”.  This word actually produces stress because we feel we must solve something and it is likely to be complicated and that we’ll be graded on how we solve the problem.

The word “challenge”, although a vast improvement over the word “problem”, still carries hidden emotional baggage.  It comes with feelings that maybe you’ll be “humiliated” if your performance isn’t equal to others or you’ll have to climb over a great obstacle or run a tiring race.

The words “problem” and “challenge” are emotive words, meaning there are feelings and emotions that accompany them.  Most of the time we’re unaware of these emotions as the words are so common.

When you see a challenge you naturally begin to see reasons you can’t achieve it…when you see a problem you see failure looming.  With both, you’re recognising a manifestation of a fear you have.  Once you’re victim to the fear of failure you can’t think in a healthy way.

The answer?  Change your perspective.

What if there was no such thing as problems or challenges?  What if there were only opportunities to test what you believed, no failures to keep you from trying, and only growth from your experiences?

What would you attempt to do today if you knew you could not fail?” 

There’s huge power in this kind of thinking! (Another good reason for having an objective coach in your life.)

Changing your perspective – just the way you use a word for example – helps you tap into an inner energy to accomplish your dreams.  Changing your perspective helps you identify and overcome internal obstacles and barriers so you can succeed.

So think carefully about the words you use and the positive energy they bring to you and to those around you.  For example, I changed the way I used the word “but”.  I try to avoid it completely where possible.  I did not realise that everything you say before you say “but” is in fact cancelled and the person only hears what comes after the “but”.  Try for a week not to use the word “but” and see what happens.  I would be most interested to hear how you go.

Changing one little word

Five years ago, I came across a wonderful suggestion from my friend and colleague Leanne Buttrose.  I asked her at that time to write a little note about this which I shared.  Since then, I have been regularly practicing this suggestion.  I thought you would enjoy it as our Monthly Monday Motivation for May.

“How to change your energy and everyone around you by changing one little word!

In the year 2000, I was introduced to a simple and yet incredibly powerful change in my life.  I removed the word “BUT” from my vocabulary. At the time I learned this, I didn’t realise what this change would mean to me and the hundreds of people I have shared this concept with.

The greatest challenge was to not replace it with a “but” in disguise.  We know these words as – however, although, nonetheless – although there are many more!  “But” simply means; everything I said before this word is null and void. For example, the party was great, but the food could have been better.  So was the party great or not?

I found that I became very conscious of my sentences and that “but” was my way to buy time and think.  It was what I used instead of a pause or full stop in a conversation or when presenting.

The most profound discovery was in my written words.  I used “but” in emails, documents and papers, and it gave them a negative overtone when that was not my intention. I used it in sales pitches and PowerPoint presentations when trying to make a point. I was a “but-aholic”!

So how did I change this?  I replaced the word “but” with “and”. While at first, it felt grammatically incorrect, it forced me to stop and think about why I even wanted to say the word.

I found in conversations, I started to pause, think and then continue without using the word.  In written communication, it forced me to rethink the whole sentence because when you remove the use of ‘but’, you often have to phrase the entire sentence very differently.

Here’s an example: ” I’m sorry I didn’t finish the report, but I received your email too late.”

Instead, you might say: “I’m sorry I didn’t finish the report. I received your email too late, and I will do my best to finalise it by the end of this week.”

I have shared this with leaders who now write their messages to their customers and staff coming from the “Yes… and” perspective. They have found it easier to create more positive energy through their communications.

WOW! To think removing just three little letters from our vocabulary can hold that much incredible power.  And I have been practicing it ever since.  It really does make a difference.

A great way to make sure you’re following “Yes… and” is to exercise self-awareness.  Self-awareness is the secret weapon for lasting habit change. 

If you’d like some support or are interested in gaining more self-awareness, contact me for a complimentary 45 minute coaching discovery session via our contact page.

The Rules of Life

Well that is the first quarter of 2021 gone – yes already you say!! With time, life and everything else speeding by, we – well I do more often than not – sometimes just need to remember what the Rules of Life really are:

1. If you woke up breathing, congratulations! You have another chance! “Every day above ground is a good day!”

2. Learn to pick your battles; ask yourself, “Will this matter one year from now? How about one month? One week? One day?”

3. The five most essential words for a healthy, vital relationship are “I apologize” and “you are right.”

4. Everyone seems normal until you get to know them.

5. You need only two tools: WD-40 and duct tape. If it doesn’t move and it should, use WD-40. If it moves and shouldn’t, use the tape.

6. If he/she says that you are too good for him/her — believe them.

7. When you make a mistake, make amends immediately. It’s easier to eat crow while it’s still warm.

8. Living well really is the best revenge. Being miserable because of a bad or former relationship just might mean that the other person was right about you.

9. Work is good, but it’s not that important. Money is nice, but you can’t take it with you. Statistics show most people don’t live to spend all they saved; some die even before they retire. Anything we have isn’t really ours; it was given to us by God; She just let us borrow it while we’re here…. even our kids.

10. Be assured that most of your problems will disappear by themselves if you don’t get too attached to them.

11. Worry is a misuse of the imagination.

12. The wonderful thing about the game of life is that winning and losing are illusions. They are terms that humans created to help us play the game of life by the rules we also created.

I need to keep reminding myself of rules 1, 2, 11 and 12. Which ones resonate with you?

Essential questions for success in 2021

10 Essential Questions to Guarantee Success in 2021

Why do dumb things happen to smart companies? After 25 years of strategy consulting, I would like to suggest some of the following reasons:

  • Companies repeat mistakes
  • Work gets duplicated
  • Customer relations are strained
  • Good ideas don’t get shared
  • Competition is around price
  • Not keeping up with market leaders or innovators
  • Dependence on a few key individuals
  • Slow to innovate
  • Lack of good market knowledge

People don’t choose for good things to go bad, just as executives don’t choose strategies that fail.

Bottom line I think, is that people in organisations aren’t finding the insights they need, and this has real business consequences.

You may have your new year strategy already drafted, and now the focus is just on starting the new year afresh. However, doing this without first reviewing the past year could land you in some murky waters – with issues unresolved, staff dissatisfied, and without clearly understanding what may not have gone so well, and what could be done better next time.

So during February, schedule some time for yourself, or if you prefer as a team exercise, and use these questions to explore 2020, gain the insights necessary, and ensure you achieve higher goals in 2021:

  1. What was the most successful initiative of 2020?
  2. What was the most disappointing (honesty wins out over whitewashing)
  3. Do you feel you maximised opportunities? If not, why not?
  4. What could you change now that would have maximum impact on company performance?
  5. How could you make this change happen and continue in 2021?
  6. What will be your “theme” in 2021?
  7. What would be the ideal working environment you would like to have in 2021, and what steps are needed to make it a reality?
  8. What could you do to provide the tools to help you work smarter and better next year (eg mentoring, training, coaching)?
  9. What initiatives could you implement to help your staff work better and as a stronger team?
  10. What are the three actions you can take now to start the year off on the right foot?

These questions are a catalyst for looking at your business. Taking the time to honestly (and without any blame) review both what worked well, and what didn’t work, will strengthen the bonds within your team and ensure that you all start the year positively and motivated to making it a success for everyone.

 

Coaching in 2021:

If you have considered coaching and would like support in 2021 to achieve your career or personal goals get in touch via our contact form to arrange an initial discovery session.

A discovery session is a 45 minute complimentary session where you can experience the coaching process for 30 minutes and then ask any questions you may have for the remaining 15 minutes.  We will both know by the end of the session if we are a good fit.

Start 2021 on fresh footing – with clarity and purpose.

2019 Business Plan

Are your 2019 business plans based on the right information?

As it is the beginning of the year we thought we should point out three of the most common (yet most harmful) practices in decision-making in business that you should keep in mind – especially if you are setting plans for 2019 in the weeks ahead. 

1. Casual Benchmarking: People tend to copy the most visible, and obvious business practices of a competitive organisation without understanding the underlying purpose behind it. Very few companies undertake the research and analysis required to have a thorough understanding of the reasoning behind a strategy  – Is it the best strategy to improve your organisation’s performance? What would the possible downsides be? And how could you do it more effectively?

2. Doing what has worked in the past: Be careful to understand exactly why a strategy was previously successful. Is it relevant to the issue at hand, and is this strategy the best one to resolve the current situation? Be aware not to confuse success in spite of an action as opposed to success because of an action.

3. Following deeply held but unproven beliefs: This happens when we believe something will work or that it matches some assumptions that are held about what makes businesses successful. These assumptions or beliefs will resist change and affect judgements and choices, regardless of whether or not they are true. Check whether your decisions are relying on intuition, personal or group beliefs or influencers who may have other agendas in play.

Avoid these pitfalls and you’ll make much better decisions that provide clear direction and competitive advantage for your business.

Get in touch with MindShifts® today to find out how we can help you access the right information for your business.

 

Self Love Coaching

Do You Love Yourself? | MindShifts® | Energy Leadership

Over the years working on myself and coaching executives, I have learnt a little secret that I wanted to share with you.  It is quite simple – You can only love others as much as you love yourself.  Surprisingly simple yet so profound.  Just think about it.  You can only give to others, what you give to yourself.  Turning that on its head, what you give to yourself is in fact what you draw to yourself.

Wayne Dwyer said it so beautifully :

“Make a pact to remind yourself often of this secret of not being able to give away anything you don’t have. Then work on your personal program of self-love, self-respect, and self-empowerment, and create a huge inventory of what you wish to give away.

One of the lessons I continue to learn and practice is that the universe responds with the same energy that we send out. If you attract a lot of people who wish to take advantage of you, you need to consider what you’re doing to attract victimizers into your life. If you run into anger a lot, explore the angry thoughts you have inside you. If your consciousness is a “Gimme! Gimme! Gimme!” energy, you’ll attract all manner of demanding energies into your life. You know if this is true by the number of deadlines not being met, demanding bosses or customers you encounter, and the feeling of being a victim. Send out “Gimme! Gimme! Gimme!” energy to the universe, and it will do the same in return.

If what you give is self-respect and self-love, the universe, via the attractor energy, will return the love and respect you’ve been radiating. It’s really so simple. You can’t give away what you don’t have.”

Energy Leadership Index & Life Coaching

If you are interested to learn how victim thinking or negative thoughts might be impacting your life, your work and your relationships with others, get in touch to discuss our coaching programs and the Energy Leadership Index.

 

Why do Smart companies make dumb business decisions

Why do smart companies make dumb business decisions?

Why do smart companies make dumb business decisions?  Like you, I have heard many stories of great companies crashing.  But why is that?

After 25 years of strategy consulting, I would like to suggest some of the following reasons:

  • Companies repeat mistakes
  • Work gets duplicated
  • Customer relations are strained
  • Good ideas don’t get shared
  • Competition is around price
  • Not keeping up with market leaders or innovators
  • Dependence on a few key individuals
  • Slow to innovate
  • Lack of good market knowledge

People don’t choose for good things to go bad – just as executives don’t choose strategies that fail.

Bottom line I think, is that people in business aren’t finding the insights they need to improve their decision-making, aren’t sharing it around if they do know something, aren’t keeping it refreshed and up to date, nor even using it.

All of this has real business consequences.

What do you think you could do differently this month to improve the quality of your decisions?

Get in touch to find out how MindShifts® can help you make better business decisions.

Self Care - Put your oxygen mask on first!

Are you looking after yourself?

I have been coaching now for some time and one of the things I have noticed is that many people don’t take care of themselves first.

This always reminds me of the announcement on planes – put your own oxygen mask on first before helping others. If we don’t take care of ourselves first, how can we be authentic in assisting and advising others?

I love the way so many people give advice freely yet are really saying – do as I say not as I do!! So how good are you at self care?

I came across these great questions in a recent Mind Movies Newsletter that might help you become a little better or more aware of self care that might shift your mindset:

1. What am I not saying, that needs to be said?
2. Do I feel unheard or left out?
3. What fear am I afraid to face?
4. Am I holding onto resentment or guilt?
5. Do I have an abundance mindset?
6. Do my everyday choices bring me long-term fulfilment or simply instant gratification?
7. Do I use situations to grow and evolve or to beat myself up?
8. Have I said something gentle and loving to myself in the last hour or even day?
9. Am I appreciative of all the things in my life?
10. So what does self-care really mean for me?

Self care sometimes means taking a deep, long breath. Sometimes it’s just shutting down your computer. Sometimes it’s a good cry and other times it’s going deeper into your core and facing your fears. For me this week, my self-care practice involved quiet reflection while walking along the beach.

Hopefully asking yourself these 10 questions might result in a healthier and happier you.

BEFORE YOU SPEAK…..THINK
T= Is it True?
H= Is it Helpful?
I= Is it Inspiring?
N= Is it Necessary?
K= Is it Kind?

For more information on MindShifts® Coaching and Mentoring Programs please click here, or get in touch today.

Competitive Insights

Are you reading the signals that will save your business?

As we move into 2018, I am getting requests from colleagues and businesses about the need to ensure that they understand their competitive environment and that they are clear on the focus of their strategy for 2018.

The problem that I often encounter is that most business strategies are generally ideas blowing in the wind without much competitive insight or analysis. You know what I mean – our strategy is to grow our business by 10% (or whatever other figure your CEO/Board has in mind) or to increase our customer relationships or improve our interaction with customers, and so on without much input from the competitive landscape!

So for those who believe that they really know their market – which competitor or new entrant is breathing down your neck to also deliver similar growth and/or improve customer interactions???? How are you going to differentiate your business? Maybe there is a business out there – in Never Never Land that just might make your business redundant!!

Nothing happens to you or your business in a vacuum…..there are always signals.

So here is my tip to all my wonderful readers, after 25 years as a competitive intelligence expert, author, strategic consultant, with over 350 client projects under my belt…….

Develop your analytical skills.

Make sure you have at least one analytical technique you can use in each of the following categories:

  1. Environmental
  2. Evolutionary
  3. Strategic
  4. Corporate/Competitors
  5. Customer
  6. Financial

And by the way, SWOT only sits in one of those categories. More on that in my forthcoming newsletter.

If you want to learn more about different analytical techniques have a look at: http://52.62.165.177/~mindshifts/ms/resources/babettes-books/

Or give me a call….(02) 94113900

Do you see what you’re missing?

Over the last twelve months or so, we’ve been bombarded by talk of ‘Fake News’. Whether you call it ‘Fake News’, ‘Fake Intelligence’ or just plain old wrong information – it’s always been around.

When the market changes, we see opportunities and problems in a certain way – because of the solutions that we’re used to.

According to Seth Godin, when confronted with a patient with back pain, surgeons prescribed surgery. In the same scenario, physical therapists thought that therapy was required, and acupuncturists were sure that needles were the answer. Across the entire universe of patients, the single largest indicator of treatment wasn’t based on the symptoms a patient suffered – or the patients background, it was the background of the doctor.

The reason so many organisations have trouble dealing with new opportunities – and managing problems, is  that they approach it from the perspective they are used to. The odds are that they will continue to do so until their organisation fails. It’s not just about the new vs. the old. It’s from the background you view the new.

Ask yourself, how can your organisation see new opportunities and problems – and do you need to change perspective to see the right solutions? Are you really seeing your competitors without your blindspots?

Get in touch with MindShifts® today to find out how we can help you see what you’re missing.

THE POWER OF LISTENING

Many years ago I learned an invaluable life tip. One of my teachers always stressed how we have one mouth and two ears; and that listening is far more valuable than just talking.

Have you ever asked someone to do something and they nod their heads and “yes, yes” you only to have them return with a result only remotely related to what you asked for?

There are a number of reasons for this:  they may be distracted, you may be distracted, they may not understand what you’ve said, and/or are afraid or “too cool” to ask for clarity, or you may not have explained it well – all of these have to do with weak listening skills.

So what are some tips to help us all be better listeners?

  • One of Stephen Covey’s “7 Habits of Highly Effective People©” was to “Seek first to understand, then to be understood.” Put listening before talking, it’s the key to communication.
  • Let others know you’re listening by rephrasing what they’ve just said. It also confirms what you think you’ve heard.
  • Avoid putting words in someone’s mouth and never finish someone’s sentence (nothing is more annoying and rude!)
  • If you’re talking in a place that’s noisy or your phone keeps dropping out, be sure you clarify and confirm what you’ve heard rather than filling in the missing blanks yourself.
  • If you’re face-to-face with someone, maintain healthy eye contact!
  • Focus on what they’re saying. Multitasking is highly over-rated and some research has found it results in being about 40% less effective. Certainly this is true with listening. So don’t be watching for a text or ordering coffee while someone is explaining something. Stop and listen!
  • Let someone finish what they’re saying and learn the art of asking sensible, clarifying questions.

 

Communicating well takes skills in both talking AND listening. Major in listening and you will never go wrong!

Take some time to reflect on this month’s Motivation and how it might apply to you, and get in touch if we can help.

Who Is Your Competition?

  • Other organisations offering the same product or service now?
  • Other organisations offering similar products or services now?
  • Organisations that could offer the same or similar products or services in the future?
  • Organisations that could remove the need for a product or service?

So who is your competition really? This question seems so simple however a company that defines its competitive set too narrowly can miss disruptive attackers and high potential growth opportunities. Just take a look at Blockbuster, Nokia and Kodak. They were all market leaders who fell pray to either disruptive technology or market changes. How can your company avoid a similar fate?

Let me guide you:

1. Define your target/objective

Far too often, organisations make decisions too quickly and without a strategic context — it is a case of ‘ready, fire, aim’ The internet has not helped this mindset, as the speed to market has become a more critical factor. Understand what you are looking to maximise.

2. Ask the right question or questions

Experience has shown that ‘asking the right question’ is one of the hardest steps for management. The key here is to understand what your business really wants, and how the insights uncovered will directly relate to a management decision or course of action

3. Manage information effectively

The next driver for understanding what you have and don’t have within the business needs to come from studying the forces at work on your business’s competitive ability. These forces include competitors, technology, consumers, new entrants, industry trends and so on. Getting information on these forces is the first step in becoming knowledgeable about your competitive environment.

4. Analyse for insight and intelligence

A strategic plan that doesn’t include insight about the near future is truly next to useless. Yesterday’s information and methods are increasingly ineffective for making today’s decisions — and even less effective for identifying tomorrow’s opportunities, problems and unknown competitors.

The value of insight is early awareness, as it enables you to recognise and monitor the future as it unfolds, thereby reducing risk and minimising mistakes.

Today, managers are faced with many pressures — they may sometimes seek only short-term gains — but costly mistakes from managers making uninformed decisions are no longer an option.

 Today, competing effectively is not just understanding existing competitors and the current business environment. It is strategically about having a picture of what the future business environment will look like and addressing the questions I posed at the start.

How your business prepares for the future will provide you with either a strategic advantage — or the demise of your business. The most critical strategic issue for a business is its competitiveness.

Looking for a mentor in strategy and competition for you business or division? Give us a call (02) 9411 3900 or email us here!

Repair Heart

Emotional First Aid

It really is amazing how we are all taught about hygiene and physical first aid – you know what to do when your hands are dirty before handling food, or when someone has scrapped their knee, all the way to CPR – yet we are never trained or educated in providing emotional first aid for our thoughts and feelings such as how to handle stress, negative environments, difficult relationships and so on.

As our thoughts and feelings control so much of our daily existence, it makes sense to learn some emotional first aid.

In this article I want to start with those pesky negative thoughts and emotions. You know the ones that won’t go away and keep going around in your head!

There are times for all of us when we experience anger, grief, anxiety, stress, remorse, embarrassment or any of the range of negative emotions. Life is not always easy and in those trying times we struggle mentally with our thoughts and emotions, trying to talk our way out of them, or possibly trying to distract ourselves with activities or trying to drown it out with food, or drink or something even stronger.

Interestingly all these paths perpetuate negativity in the long run. So what can you do? How can you stop those negative thoughts and feelings?

How about instead of trying to suppress them, you turn your attention inwards?

I use this great little 4 step process to help deal with negative thoughts and emotions. It is called RAIN.

RAIN stands for –

R Recognise

A Allow

I investigate

N Non-identification

Recognise

The first step is to recognise and name what is happening and what you are feeling. “I am feeling stressed” or “I am feeling overwhelmed”. Stop for a moment and tune into the present moment of what is happening in your body and mind – the thoughts, the emotions, the sensations. Don’t inhibit what is happening, or suppress it, or ignore it or try to conquer it. Instead develop an attitude of open curiosity and acceptance.

Acknowledge that the emotion is there.

By recognising and naming what you are feeling you are giving yourself the space to care for yourself.

Allow

The acknowledgement and acceptance of your feelings and thoughts provides a sense of permission to allow life to be just as it is. Allowing doesn’t mean we have to like the situation however it does soften or drop our mental resistance to what is happening. You can embrace or hold the feeling in your awareness, which in turn can calm and soothe you.

This step is so important as we generally have an unconscious impulse to push away, suppress or ignore difficult emotions. When we engage in this inner struggle we unwittingly create more suffering and tension.

By allowing yourself to accept your present emotions and thoughts without judgment, you will almost immediately have a sense of softening and ease around the emotion, as you will have created a mental space around it. You are now witnessing your emotion rather than being enmeshed by it.

This is then an act of self-compassion.

Investigate

Now that you are calmer and allowing yourself to sit with whatever negative thought or emotion you may be experiencing, you can ask yourself questions like “Why do I feel this way?” “Where did this feeling come from?” “What is it that I really need?”

Ask what event may have triggered the feeling. Or are there physical factors such as lack of sleep. It may be that particular kinds of thoughts were the cause – worrying about something or someone, ruminating over a comment a colleague made last week, and so on. You may also find that you have particular values or beliefs of how things should be that may have contributed to your negative feelings.

By asking these questions and investigating where the negativity comes from, we can develop a truly insightful relationship with our emotions and thoughts. And as time goes by, we can even resolve and dissolve some of the negative thoughts or emotions.

Non-Identification

This step is the simple realisation that you are not your mind or your emotions. You are the awareness that lies beneath every thought, emotion and sense perception.

Non-identification means that you are truly not defined by your thoughts and emotions. This brings a sense of freedom and ease, and at the heart of it all a sense of peace.

Remember that no matter how intense or painful the emotional storm, there is always a part of you, which is still, silent and untouched.

The RAIN method can be used anytime you feel stressed, overwhelmed, or out of touch. It helps to centre you during challenging times.

As Eckhart Tolle said, “Whatever you fight, you strengthen, and what you resist, persists”.

To learn more about the RAIN method, read the works of Tara Brach such as http://www.mindful.org/tara-brach-rain-mindfulness-practice/. Tara Brach is a clinical psychologist and author of “True Refuge: Finding Peace & Freedom in Your Own Awakened Heart.”

 

 

 

Businessman with Binoculars Spying on Competitors.

Outperforming Competitors

Most organizations today are not structured or organized properly to make good decisions that will help them outperform their competition in the marketplace.

 The benefits gained by successfully anticipating a competitor’s future plans and strategies are generally self-evident. The consequences of making decisions based on information that is incomplete, inaccurate, or late are as severe.

Today’s managers face an abundance of information in their decision-making contexts, and sometimes this information abundance causes them to be paralyzed. Much information arriving to top managers is biased, distorted, subjective, filtered, and/or late.

Modern Competitive Intelligence (CI) practitioners are stimulated by using their unique set of skills, knowledge, abilities, and instincts to uncover relationships that enable their organizations to compete more effectively. Most CI practice includes a heavy dose of analytical capabilities.

CI can be described as the process by which organizations gather information about competitors and the competitive environment and, ideally, apply it to their planning processes and decision-making in order to improve their enterprise’s performance.

CI links signals, events, perceptions, and data into discernible patterns and trends concerning the business and competitive environment. CI can be simple scanning, such as analyzing a company’s annual report and other public documents, or elaborate, such as performing a fully digitized, multi-day war -gaming exercise.

 Decision makers are charged with answering a small number of very powerful questions about their organization, including the following:

  1. What is our current status or situation?
  2. What are our options?
  3. In which direction (-s) do we want to go?
  4. Which direction can and should we go?
  5. How can we effectively get to where we have decided we are going?
  6. How will we know that we have reached our desired goal (-s)?

 

 Answering these questions is the foundation for a competitive intelligence practice.

 

 

 

 

 

 

Fear-of-success2

What Is Your Fear?

Are you pursing the goals that matter most to you?

Are you satisfied with your level of success?

Are you glad to be where you are in life?

Are you playing YOUR own game or are you playing someone else’s game?

Everything seems hard. We are all busy and we are all tired. We all don’t have enough money. We all know someone who says we can’t or that we would never make it. And then we are worried with what comes next. Are these excuses familiar to you?

What about these –

  • Fear of change
  • Fear of failure
  • Fear of not being good enough
  • Waiting for something to happen
  • Perfectionism
  • Being overwhelmed with all that you have to do
  • Not knowing how

 

Well guess what – there is a battle going on….. and it is between your ears!!

Don’t surrender!

While your fears may be real they are not good enough reasons for inaction. Your biggest work is in front of you.

One of the most powerful, definitely frightening, and certainly most challenging actions we can take is to be fully responsible for who we are, how we behave and how we want to live our life.

It’s so much easier to blame others when things go wrong, when you get angry, upset or fearful when nothing seems to go right. When your boss avoids you, your partner abuses you or your family puts you down. But how would it be if you could take control – and turn this around? Powerful? – yes, and it’s all in your hands.

So here are some tips to help you overcome your excuses.  They are not in any particular order. Some are quick solutions and others take work –

 

  • Identify your goal and embrace it. Use this question as a start. What do you want the change to look like? How will that give your life meaning? Think about it – even go for a walk to reflect on it.

 

  • Create the space – even a small space (or time) to make a change.

 

  • Be accountable to someone while surrounding yourself with others making similar changes themselves.

 

  • Get help and insight to uncover and understand the core of the fear that is holding you back.

 

  • Take small steps that will move you forward. Movement begets movement. Now take another small step…… and change is created.

 

I find that most of my clients have difficulty addressing their fears because, in the end, it might show how vulnerable they really feel. However if we don’t understand what is holding us back how can we then create the lives we truly desire.

You know by letting any of your worries (also known as fears) out into the light and talking about it with someone who understands, it becomes a whole lot easier to see the situation or issue for what it really is.

Just venting can make a huge difference to your perspective.

If you don’t have anyone to talk to at the moment write it out. It means you get your issue out of your head, clarify your thoughts and find clarity in the small steps available to you to move forward.

Choose to no longer go along with the ride. It is your turn to drive. Choose your own route and own what comes of it.

It is really time to decide what you intend to do next and what the next few years will mean to you. Self leadership is all about leading the life you want, while energised for success!

 

About the Author

For over 25 years Babette Bensoussan has served as an advisor to organisations and business leaders around the world. A recognised global authority on Competitive Intelligence, and one of the most published authors and well-regarded speakers in her field, Babette brings valuable insights to entrepreneurs, business leaders and senior executives.

If you want some support to overcome your fear or just want to touch base, email me today!

The Survival Manager’s Guide to Competitive Insights

For years companies have been establishing competitive intelligence (CI) capability to watch their external environment and provide early warning of threats and opportunities.  While establishing such units is more relevant than ever in these times of rapid change, many units are being eliminated while others aren’t providing the value that had originally been hoped for.   The unfortunate result is that companies have stopped watching their external environment at a time when their businesses could most benefit from the insights and early warning that true CI can provide.

Why CI endeavours may fail

The reason that many of these so-called CI units fail is because they were never intelligence units to begin with; they were data collecting teams.  Almost anyone in an organisation can collect data.  Intelligence, on the other hand, is forward-looking and decision-relevant.  It provides early analysis of emerging trends so that management can begin to act before events force them to.

With good intelligence capability, executives can begin to anticipate, rather than react to, the events that are taking place in the external environment.  Companies with effective intelligence capabilities say their CI units have generated millions of dollars in increased revenues or cost savings – easily offsetting the costs of running these units.

The difference between the teams that succeed and those that do not, is the ability to establish an ongoing dialogue with top management about upcoming decisions.  Those CI teams who fail to establish this dialogue, often guess the decisions management is facing and deliver information that is not relevant or useful.  Further, if a CI unit is buried deep within an organisation, it will never establish this type of strategic dialogue with its users – unfortunately, this is where the majority of intelligence efforts begin.

Can You Survive?

If your company has a CI unit, and if you are part of this unit, ask yourself the following:

  • Does the unit delivery unique insights that can’t easily be found elsewhere?
  • Does the unit deliver forward-looking analysis that directly supports management decisions?
  • How often does the unit deliver information that has already been published on a website or other medium?
  • If the unit were eliminated tomorrow, how easily could the organisation adjust?

If your CI unit doesn’t fare well against these criteria, the odds are against its long-term survival.  Both management and the CI team should start taking steps to keep it alive.

Survival Tips

To survive, keep the following rules in mind:

  • Ask yourself what future decisions will the CI unit support – not what kinds of information it should collect. Decision-relevance is critical to the unit’s survival.
  • Place the unit where it can have ready access to the decision makers that it will support.
  • Staff the unit with experienced professionals who can function on a peer level with users of intelligence.
  • Don’t task the unit with collecting only published information or other data that can easily be found elsewhere.

Those who follow these few rules will go a long way to ensuring that their competitive intelligence unit will survive and provide tangible value and return on investment.  Those who do not will be fighting the odds against the unit’s long-term survival.

 

 

 

Are You Making Better Decisions?

It is the end of the year so we thought we should point out three of the most common yet most harmful practices in decision-making in business that you should keep in mind – especially if you are looking to make plans for 2017 over the coming months.


1. Casual Benchmarking:
People tend to copy the most visible, and obvious business practices of a competitive organisation without understanding the underlying purpose behind it. Few companies undertake the research and analysis to have a thorough understanding of the reasoning behind a strategy  – is it the best strategy to improve your organisation’s performance? What would the possible downsides be? And how could you do it more effectively?

2. Doing what has worked in the past: Be careful to understand exactly why a strategy was successful previously. Is it relevant to the issue at hand, and is this strategy the best practice to resolve the current situation? Be aware not to confuse success in spite of an action as opposed to success because of an action.

3. Following deeply held but unproven beliefs: This happens when management believes something will work or that it matches some assumptions that are held about what makes organisations successful. These assumptions or beliefs will resist change and affect judgements and choices, regardless of whether or not they are true. Check whether your decisions are relying on intuition, personal or group beliefs or influencers who may have other agendas in play.

Avoiding these pitfalls can lead to competitive advantage and clear direction setting in the most difficult of times.

Choices of a businessman

How Well Do You Choose?

The Power of Choice 

Every day we are faced with a myriad of personal or professional choices (some small ones – like what to have for lunch to important ones – such as should I quit my job and start my own business).  For each of these decisions or choices, we generally try to reflect on our options in a factual way and there are plenty of methods and tools out there to help with making choices – from throwing a coin to completing lists of pros and cons to undertaking heavy duty future projection analysis.

In this article though I want to talk to you about the emotional choices we have and the power we have in choosing our emotional response.

Eleanor Roosevelt once said “No one can make your feel inferior without your consent”.  The key words here are “your consent”.  That is right, we choose how we interpret what other people say or do, we choose how we want to interpret events.  We may reject what someone says or we may take it to heart – it depends on how we view the situation and the person saying it.

How we view a situation and the people involved is of course dependent on the filters we have developed since birth – the language we grew up with at home, the support we received in school, our social interactions, to name a few.  These filters will either limit or expand what we see and thus impact how we perceive and what we think about our circumstances. However how we wish to continue to experience any situation is really dependent upon our choices.

How can we change our choices or make different ones to those we have made in the past?

The first step is understanding the power of our thoughts, feelings and actions – in other words how we really show up in all the various aspects of our life.

There is no one magic formula that works for everyone every time, however if we acknowledge that our behaviour is based on previous learnings and experience, and that we are also constantly changing beings, each of us can look at the choices we make and be open to new learnings, new understandings and to developing a new story of our life!

So right now how can you lead a more conscious life?  What are the barriers to your success?  How can you remove these barriers and filters?  How can you make different choices?

To get you started download the free ‘Power of Choice’ template, click here! It provides some questions and strategies you might want to consider and reflect on.

If you want some support to better understand your filters or just want to touch base around the power of your choices, email me today!

 

How To Develop Your Strategy in 4 easy Steps

I’m regularly astounded by the lack of process of many businesses when evaluating and developing good strategy.

I see businesses focusing their attention on the inside of their business, on their goals, leaving them little time to focus on the outside world, and their strategy.

This month I’ve reflected on the importance of looking outside, at your stakeholders – identifying who they are, understanding what you want from them, and knowing what they want from you.

Graham Kenny, my friend and colleague, wrote an article for The Harvard Business Review some years ago, which provided a simple step-by-step process to ensure you build a smart strategy aimed at achieving your business goals, and a competitive advantage.

A List of Goals is Not a Strategy

How many times have you sat with your management team or employees to develop your company, or department strategy only to find that you end up with a great list of generalised goals or objectives that include such things as:

  • % sales growth,
  • % profitability increase,
  • Become more competitive in existing markets,
  • Expand into new markets and regions.

There is nothing wrong with the list itself, in fact it’s a great list of what you might call goals, or key performance indicators (KPI’s) – however it’s certainly not a strategy, and won’t help you to ensure the long-term survival or prosperity of your organisation.

Rather than focusing on a narrow set of KPI’s and developing solutions that feed those metrics, stand back and take a broader, more holistic view of the competitive arena and organisational situation.

1. Identify which stakeholders you depend on for success.

Set time aside to identify the stakeholders (customers, suppliers, employees, shareholders etc) who are key to the long-term survival and success of your company. Without them, you have no organisation. So ensuring you satisfy them is crucial to your continued success.

2. Recognise what you want from your stakeholders.

Rather than launching straight into what you need to do for stakeholders such as customers, employees, suppliers etc, it’s important to stop and consider first what you want from these stakeholders. Remember as an executive, board member or CEO, your obligation is to act in the best interests of your company.

By understanding what you want, you will be able to identify more easily your objectives. Ie if you’re looking for sales and revenue growth, then that is going to come from your customers, where as productivity and innovation, or customer service will come from your employees etc.

This process will allow you to design meaningful strategies to get what you need from each stakeholder group.

3. Recognise what your stakeholders want from you. 

 When managers and their teams go too quickly into problem solving mode, they make assumptions about what their stakeholders want. As a result they end up with products and services that don’t sell.

If you want to achieve a competitive advantage, you must understand those things that your stakeholders want from you – and excel at them. Which leads me to the final point.

 4. Deliver the things that your stakeholders want – differently.

 In order to create a competitive advantage, you will need to excel at delivering what your stakeholders want from you, AND do so in a way that is different from your competitors. Once you know what you will do differently, and why it is of value to your stakeholder you can clearly define your strategy and build your brand around it.

Some ways to determine your point of difference:

  • Evaluate your competition and rate yourself and your direct competitors based on operational efficiency (price), product leadership and customer intimacy.
  • Identify areas where your competition is vulnerable and determine whether you can focus on those vulnerable areas.
  • Identify your key strengths and how they can be enhanced.
  • Evaluate what you want to be ‘known for’ in the future and design a long-term strategy to achieve it.

 

Reference: A List of Goals is Not a Strategy by Graham Kenny, published in the Harvard Business Review, November 19, 2014.

 

Trivial Changes Produce Trivial Results

Recently I’ve been running a number of War Games with some interesting outcomes. I thought you would enjoy learning more about this powerful business tool!

For your information, while the military hones its strategies with role-playing simulations, a War Game is a fabulous way to understand business competitors.

What Is a Business War Game?

War gaming is a role-playing simulation of a competitive marketplace used either for general management training and team building or as a tool to explore and test competitive strategies for a specific firm to discover any weaknesses in a plan and to identify possible consequences of adopting such a plan.

Teams of players take roles and simulate the dynamics of a marketplace over a period of time. The idea is for participants to gain a perspective of the marketplace from outside their own firm.

Why You Need To Play War Games

If you want to gain genuine competitive advantage, you’ve got to do important things better than your competitors. War Games help you build competitive advantage in the highest-leverage function of all: thinking better than your competitors. War Games are about anticipating competitive moves before your rivals make them.

A War Game is a structured strategic exercise.

War Games allow you to understand unexplored or unforeseen strategic options. Most important, a war game will demonstrate to you the implications of your decisions months or years ahead.

Business War Games are an unconventional management tool. We draw on a wide range of business disciplines, including marketing, competitive strategy, competitive intelligence, and market research. We also draw from non-traditional disciplines such as social psychology, creativity, and innovation. A War Game identifies shortcomings in conventional management thinking, and provides real alternatives that work.

Two types of war games can be run for a business

The first uses a generic business scenario to educate managers generally in the process of strategic decision-making. It will put the participants in a safe environment in which they can experiment with radical thinking and gain confidence in their own decision-making capacity. The experience will also promote team building among the participants.

The second type of war game is tailored to the needs of a particular firm, mirroring its competitive environment in the war game setup. This type of war game is used to facilitate the firm’s strategic planning process. It may be run early in the planning process to indicate strategic directions or, alternatively, it may be run after the strategic plan has been formulated to test it for weaknesses and check what affect it is likely to have on the marketplace. Participants in this type of war game will also gain experience, which will build their confidence in decision making, same as with the generic war game. Similarly, a firm-specific war game will act as a team-building exercise.

You should consider a War Game when you are faced with:

  • A threat from current competitors
  • Imminent entry of new rivals
  • Industry consolidation
  • Change in the external environment
  • A threat from a new technology or a similar discontinuity

 

Would you like to improve your strategies and outmaneuvre the competition? Please email me today with any questions or concerns. I am always happy to help.

Shutterstock

5 Work And Personal Habits To Start Now!

Every day you make choices. Those choices create your actions. Your actions become your habits. And your habits define your life.

Below are some wonderful suggestions to get you started in developing good habits in your daily life, and to kick start positive change. You can always start any day, any time, a new habit. After all each moment in your life is new.

Work

  • Turn off your phone after hours – or one day per week. Let the important people know what you are doing, and ways to contact you in an emergency.
  • Check your emails only twice daily and let people know this in your email signature. This is what I do!
  • Have a clear agenda for all meetings, and set a time frame, both of which you communicate to the other participants. Practice this, until it works for you.
  • Have all participants turn off their mobiles so the focus stays on the meeting.
  • Start having “walking meetings”, especially when discussing a difficult topic – you’d be surprised how much easier it is to walk and talk, and the effect it can have on your relationships.
  • Do not email first thing in the morning or last thing at night. Make first thing in the morning your productive time, and switch off at night for a better sleep. Plan your emails taking this into account.

Personal

  • Turn off your mobile phone when out with friends – and get your friends to do the same. The focus should be on your time together.
  • Say “no” when something doesn’t suit or you don’t have the time to commit. Do it thoughtfully and offer alternatives.
  • Spend 30 minutes a day doing something for you – walking, reading a book, listening to music, whatever makes you feel good. Let everyone else know this is your time and you are not to be disturbed.
  • Start a gratitude journal – and write three things per day that you are grateful for.
  • De-clutter your life: select one task a week and do it! Do a before and after review to be clear in your mind what you have achieved.

Do you have difficulty creating new habits and sticking with your goals? Click here to get a complimentary one-on-one coaching session. This is limited to the first 5 people who book.

Win Lose Dice

Win/Loss Analysis: A Powerful Tool to Drive Strategic Growth

Why did we lose?

It’s the first question you ask when business goes to a competitor. So… Are you really focused on improving your business, or do you simply move on and try again with the same sales approach and techniques?

Conducting win/loss analysis is one of the best ways of generating the insights you need to increase revenue and grow your business. So why aren’t you doing it?

Win/Loss Analysis (WLA) is a cost-effective, insightful, and ethical method for gathering and analyzing information about your market, customers, and competitors. WLA identifies your customer’s perceptions of specific sales situations and how you compare to your competitors. It provides a window as to why a customer is buying or not buying your products and/or services. The analysis provides information about the performance of both your firm and your competitors. The insights can then be actively used to focus sales staff more effectively in the marketplace and also to inform research and development of products.

The Benefits of WLA:

  • Understand why you win and lose business
  • Learn which clients are or are not good prospect
  • Focus on product features customers value most
  • Improve implementation, training and services
  • Improve quality of customer testimonials
  • Improve sales professionalism

 

TOP 7 QUESTIONS TO GET YOU STARTED

Answering these questions is the foundation to get the process moving in a fruitful direction.

1. What were the reasons we won/lost the last sales competition for… (a big client)?

2. Was our RFP response as effective as it could have been?

3. Are our prices truly non-competitive with our rivals? Or are other factors impacting client retention decisions?

4. How/ why can a rival keep beating us on bids for regional clients?

5. Are there opportunities to gain clients that we are not capitalizing on?

6. What operational changes do we need to make to better satisfy existing clients?

7. What changes can we make that will best empower our sales force in their daily efforts to win customers out in the field?

I have been involved with WLA since the mid 1990’s and have written about the subject since 2006. To this day, I do not understand why more companies aren’t conducting win/loss interviews, analyzing results and implementing lessons learned.

When WLA is done properly, companies gain valuable insights and are able to implement initiatives that helps them increase revenue and grow their business. It really is a win-win all around.

Interested in learning how to implement this tool, please give me a call or read this just released book by my dear friend Ellen Naylor dedicated to WLA. Check it out!

 

Competitor Analysis

Understanding Your Competitors

In my experience, most companies and organisations tend to track what their competitors are currently doing. However you can’t really make a sound business decision about the future intentions of a competitor based on what has occurred in the past or on what they are currently doing. We all know that the way we operate today is not the same as how we operated a year ago – so why should a competitor be any different?

We need to uncover where they plan to go in the future.  Will you be taking sales from them or will they be taking sales from you – next quarter, next year or even two years from now?

To get a good grasp on your competitors’ real intentions, you need to delve a little more deeply.

SO HERE ARE SEVEN TIPS TO HELP YOU MONITOR YOUR COMPETITORS:

1. BUY THEIR PRODUCT
Always buy your competitor’s product, if possible, to determine their sales process and get on their mailing list to see future promotions. The relatively small price you pay for their product will pay for itself many times over in the knowledge you gain by finding out what they are doing and how they are doing it.

2. AUDIT THEIR WEBSITE
Drop by your competitors’ websites and compare their sites to your own. To go the extra mile, select Tools from the Microsoft Internet Explorer toolbar (if you are using Microsoft) and then “Show Related Links”. Here, you may uncover other companies, doing the same thing or in the same business. Changes to a website can also say a lot about a company. TimelyWeb, by EldoS (www.eldos.org), has several ways of notifying you when page changes occur, including via e-mail.

3. GET THEIR GOSSIP FROM YOUR SALES PEOPLE, DISCUSSION GROUPS, ETC.
Numerous discussion groups are the bars and pubs of the internet, where individuals meet online by sending emails to like-minded people. One of the popular ways to hunt through newsgroups is with Google Groups. Simply type in the subject you are interested in to sort through the web’s 20,000 Usenet discussion groups.  LinkedIn is also pretty good.  And remember to speak to your sales people, customers, distributors, suppliers, industry consultants, industry associations, journalists – to just name a few.

4. CHECK OUT THE CLASSIFIEDS
Is your competitor expanding? Is he or she going in a new direction? You might get a clue through help-wanted advertising. These listings can tell you more about what your competitor is planning.

5. READ UP ON PLANS AND FINANCES
Drop by your industry association’s Internet site. You may find additional information about a member who is your competitor. Perhaps they were interviewed for the association’s website or publication. If your competitor is a large publicly listed organisation, it is required under Australian law to file quarterly and annual financial reports and announce any activities that are likely to be of investor interest (that is have an influence on the share price).

6. ENGAGE A MONITORING SERVICE
By paying for an online monitoring service, such as eWatch, you can outsource the hassle of monitoring domain names, URLs, newsgroups, and websites for activity by your competitors. However, it will cost. Most online companies offer free trials so you can compare them before you commit. Clipping services, such as Media Monitors, provide a daily fax-stream of articles on chosen companies (or search terms).

7. HIRE A ‘BIG GUN’
With so much information available, competitive intelligence consultancies can help a company define what information will genuinely assist their business objectives. They can provide strategies to help a company collect, monitor and, most importantly, analyse information to deliver the necessary insights/intelligence.

Understanding what your competitors intend to do in your market is not hard.  It may cost you time, effort and budget in the first instance…….or you could compare that cost to potential market share loss, sales lost and customer shrinkage.  Can you afford not to understand your competitors?

But And

Yes… AND?

But AndI came across a wonderful suggestion recently from my friend and colleague Leanne Buttrose. I asked her to write a little note about this.

Thought you would enjoy it as our Monthly Monday Motivation for May.

“How to change your energy and everyone around you by changing one little word!

In the year 2000 I was introduced to a simple and yet incredibly powerful change in my life.  I removed the word “BUT” from my vocabulary. At the time when I learned this, I didn’t realise what this change would mean to me, and literally hundreds of people I have shared this concept with.

The greatest challenge was to not replace it with a “but” in disguise.  We know these words as – however, although, nonetheless –  just to begin with.  You would know many others I’m sure.

“But” simply means; everything I said before this word is null and void. For example, the party was great but the food could have been better.  So was the party great or not?

I found I became very conscious of my sentences and that “but” was my way to buy time and think.  It was what I used instead of a pause or full stop in a conversation or when presenting.

The most profound discovery was in my written words.  I used “but” in emails, documents and papers and it gave them a negative overtone when that was not my intention. I used it in sales pitches and PowerPoint presentations when trying to make a point. I was a “but-aholic”!

So how did I change this?  I replaced the word “but” with “and”. While at first it felt grammatically incorrect, it forced me to stop and think about why I even wanted to say the word.

I found in conversations I started to pause, think and then continue without using the word.  In written communication, it forced me to rethink the whole sentence because when you remove the use of ‘but’ you often have to phrase the entire sentence very differently.

Here’s an example” I’m sorry I didn’t finish the report, but I received your email too late.”

Instead you might say: “I’m sorry I didn’t finish the report. I received your email too late, and I will do my best to finalise it by the end of this week.”

Leaders that I have shared this with now write their messages to their customers and staff coming from the “Yes… and” perspective. They have found it easier to create a more positive energy through their communications.”

WOW! To think removing just three little letters from our vocabulary can hold that much wonderful power.

A great way to make sure you’re following “Yes… and” is to exercise self-awareness.  Self-awareness is the secret weapon for lasting habit change.