If it ain't broke ... break it!

If it ain't broke ... break it!

In business, there are few phrases that should scare you more than “we’ve always done it this way.”

To be fair, the people who make this comment, or its close cousin, “if it ain’t broke, don’t fix it,” are most often coming from a good place: things are working well, they think, and because we’ve been successful in the past, we should keep repeating the same actions so that we can maintain that success.

While it sounds logical, “we’ve always done it this way” invites complacency and stagnation. It rejects the concept of continuous improvement and acts as a barrier to progress. It frustrates big thinkers and stifles the voices in your company that champion and embrace change. It is the antithesis of moving forward and the definition of standing still.

And when you’re trying to reimagine and transform a company, like we are at Manulife and John Hancock, it can stop you cold in your tracks.

That’s why I’m finding myself using a different phrase with increasing frequency:

“If it ain’t broke … break it!”

As we challenge our teams to imagine a world vastly different from the present, we must always challenge the old way of doing things, too. Something working adequately should not be the bar for success. Instead, the bar should be whether something works as optimally as it possibly could.

Here’s a concrete example: you have an older product on your shelf that was a great success 10 years ago. It continues to sell, albeit not as well as it used to, so if it ain’t broke… well, you know the rest. But what if that same product spawned all sorts of inefficient internal processes over the past decade, and what if the resources your company has to spend on its upkeep are stopping innovation and making it less competitive?

Is the steep price for preserving the status quo worth paying?

Asking such questions may sound easy, but it rarely is – especially when a way of doing things is firmly entrenched inside an organization.

I learned a lesson on this subject early in my career, when I landed my first job at Citi at age 17. My supervisor sat me down and told me that I was to compare a list of financial transactions on two sheets of paper. When they matched, I would mark them with a check mark. When they didn’t, I would mark an X. I understood the mechanics of the work – hardly rocket science – but then I started asking a few basic questions because I wanted to understand why I was doing what I was doing.

“Just do your job, and don’t ask any questions,” my supervisor told me. When I gently pressed, she looked down at me and said, “Are we going to have a problem here?”

I thought I’d be fired for sure – all for asking to understand my job better. Thankfully, I wasn’t, but can you imagine what would have happened if I had asked if this was really the best way of doing things?

I firmly believe companies and leaders have to embrace a change mentality if they are to be successful in transforming for the future. This means questioning even the most successful products, projects and initiatives to make room for what works better, at the expense of what has worked well in the past. Big, open-ended questions that require data, context and insight can often be the most helpful: Is this working as well as it could? Why do we do this? Is this the best way to accomplish our goal?

Those who are willing to challenge the comfortable status quo have the potential to become true champions of change and build a resilient, future-minded and innovative organization. Those who aren’t, risk being left behind.

Paul Poulin

Senior Manager, Business Development National | Travel Insurance

1 周

Love this!

回复
Genevieve Gay

Strategic Business & Marketing Growth | Digital & Product Marketing | Segment & Enterprise Marketing | Sustainability, Technology & Innovation

6 年

Magic happens outside the comfort zone. And changing our mindsets and perception. Takes courage to step into the unknown but it’s well worth it. Glad you are driving that culture.

回复
Dave Weatherill

President of Briteland Holdings Ltd., DBA as Briteland Town & Country, Briteland Distributors & Chemac Industries

6 年

I'm hoping you'll have a look at this Roy. This will have mega impacts on health care, increasing wellness at way less expense. Love to talk with you, and any of your team about it. It definitely follows your title mantra! Big paradigm shift here. https://youtu.be/N79-w_HRzKw Overuse of antibiotics has made Europe’s hospitals danger zones for patients, but the fightback against this deadly risk is being led by COPMA and a team of Italian researchers which has developed ‘PCHS?’ - a hospital hygiene system which could revolutionize?our healthcare. PCHS? is now proven to reduce infections by 52%, and antimicrobial consumption is down 61%. PCHS means Probiotic Cleaning Hygiene System.? ?We have a presentation for health care systems, to guide them through implementation. Best regards, Dave Weatherill

回复
Martin Hoffmitz

Select Business Development/Innovation and Sales Help With Investments in Specific Companies Needing Capital and Help with Growth Strategies and Implementation

6 年

Bravo - notice the level of commentary her Roy?? Hit a Nerve?? It's critical to survive and thrive.? working with the University of Toronto Innovation team and serving with the CareRelay team, there is an under served area here 35 Million people in N. America alone, stressed out, at their wits end, working and caring for aging parents and needful loved ones there is one simple leverage point that can radically change this for the better...

Richard Proteau

Business Intelligence Analyst at Sobeys

6 年

Roy, I would suggest if you want to put customers first to clean up your block of orphan policies and Manulife has the biggest one in the industry... But every time a senior lapses a old toxic life policy priced at 8% interest rate because he develops Alzheimer and forget to pay his premium and this in not caught because there is no servicing agent, that's a lot of profits in the pocket of Manulife. So what it is going to be? Profits for Manulife or customers first?

回复

要查看或添加评论,请登录

Roy Gori的更多文章

  • Dedicated to driving positive change

    Dedicated to driving positive change

    Our mission, Decisions made easier. Lives made better, acts as a guide for everything we do.

    1 条评论
  • 5 Keys to a High-Performing Team

    5 Keys to a High-Performing Team

    As an avid rugby fan, I enjoyed taking time over the holidays to re-read one of my favourite books – Legacy by James…

    11 条评论
  • In conversation with Michele Romanow

    In conversation with Michele Romanow

    Last week, I was delighted to host Clearbanc co-founder and serial entrepreneur, Michele Romanow, for a virtual Q&A…

    2 条评论
  • Opening Remarks: Manulife’s Annual Meeting of Shareholders

    Opening Remarks: Manulife’s Annual Meeting of Shareholders

    Good morning and welcome everyone, Mr. Chairman, policyholders and fellow shareholders.

    3 条评论
  • Virtual fireside chat with Mario Mendonca of TD Securities

    Virtual fireside chat with Mario Mendonca of TD Securities

    Earlier this week, I participated in a virtual fireside chat with TD Securities equity research analyst Mario Mendonca.…

    1 条评论
  • How we brought our winning team together like never before

    How we brought our winning team together like never before

    It’s not every day that a 130-year old company makes history, but Manulife did just that earlier this month with our…

    11 条评论
  • My 2018 Letter to Shareholders

    My 2018 Letter to Shareholders

    Click here for a short video overview of the 2018 Annual Report. Dear fellow shareholders, At a recent online global…

    7 条评论
  • My letter to our shareholders

    My letter to our shareholders

    Dear fellow shareholders, I am honoured and humbled to be writing to you for the first time as Manulife’s President and…

    13 条评论
  • Marking the start of something truly exciting

    Marking the start of something truly exciting

    On Tuesday, a number of Manulife and John Hancock employees will join me to ring the opening bell of the New York Stock…

    14 条评论
  • The three key ingredients of great teams

    The three key ingredients of great teams

    I was recently asked for my thoughts about the attributes of strong, high-performing teams. It’s a question on which…

    78 条评论

社区洞察

其他会员也浏览了