Data - Is it your company's utility or competitive advantage?
? Sue Tinnish, PhD
Empowering Leadership & Growth | Executive Coach | Vistage Chair | Peer Group Facilitator
Welcome to the?MAD?newsletter - for C-level Executives who want to?Make?A?Difference - in themselves and their organizations. Highlights this week:?#DataStrategy , #ImposterSyndrome , and the need to over-communicate (#CommunicationSkills ).
In this Issue
Data as a Competitive Advantage
Data can function as a “utility” essential for running the business to enabling a competitive advantage. Do you have a data strategy in place? This article from ZS consultants,? Shri Salem and Florent Moise , shares how?CEOs, CDOs, CIOs and other senior leaders with ambitious growth strategies are creating a tight data strategy.??6 capabilities for building sustained competitive advantages through data
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The Virtues of Redundancy
We live in a time when attention spans are short. Boring your audience is to be avoided at all costs.?Leaders are urged to keep it brief to avoid people tuning out or being seen as inauthentic.
However, according to Dr. Adam Grant, new research shows that great leaders are intentionally repetitive in their communication.?In his “Adam Grant Thinks Again” blog, he shares that when it comes to how leaders communicate.?He comments, “it’s possible to overdo it. But research hot off the presses shows that it’s better to over-communicate and be seen as redundant than to under communicate and miss the mark.”
To make his point, Grant shares the story of one leader who was warned by his speech writers not to re-use a particular phrase that had he had employed on other stages.?He didn’t take their advice; his choice to repeat himself made history. Grant’s short post will explain?Why Repeating Yourself Is a Good Thing .
As Grant?says “it’s better to over-communicate and be seen as redundant, than to under-communicate and miss the mark.“
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Your “Obnoxious Roommate”
The most important person we ever manage is ourselves.?And if you’re a high performing person you may be subject to?“Imposter Syndrome.”??Specifically, a?1978 study looked at?high-achieving people who consistently believed themselves to be less bright or talented than the world thought they were.?Ariana Huffington named this nagging voice inside her head?“my obnoxious roommate.”??What do you call yours???
If this sounds like you you’re in good company. This website, “Inspiring Quote,”?offers 10 observations from successful people on this topic ?that may help you deal with your own version of imposter syndrome.?You may not agree with all of them,?but quotes from the likes of Dr. Benjamin Spock to?Lady Gaga?are worth reading to find the one that resonates?with you.
For a deeper dive on this topic, check out this article from Chief Executive Magazine?Five Ways CEOs Can Conquer Imposter Syndrome .
Shameless Self Promotion Alert:?If you’re not a member, a Vistage Group will help with this (trust me).??Check out a few member success stories .?And let’s talk.
领英推荐
The Coldest Call (Part 2 of 3)
Last week I shared the first of three blog posts from Vistage Speaker Patrick Ungashick who has helped hundreds of Vistage member prepare their business for exit.???“Part 1 of this series ?covered your first steps upon receiving an unsolicited inquiry.
Take a few minutes for Part 2 ?which covers?the information you’ll be expected to provide, specifically the non-disclosure agreement.
Part 3 will be shared in a future edition?and will address next steps to handle a once in a lifetime opportunity.?Stay tuned!.
Congratulations! You’re a Venture Capitalist!
You are probably aware of venture capital (VC) firms that have provided early-stage capital to companies that later became the technology giants we are all familiar with. VC firms such as Kleiner Perkins, Sequoia, Andreessen Horowitz have underwritten Apple, Microsoft, LinkedIn, PayPal and many others.?Only few of these investments succeed (less than 10%) but the ones that do compensate for all the losers and much more.
In his most recent in his “No Mercy, No Malice” blog,?Dr. Scott Galloway discusses?what may be the least acknowledged, but by any measure the most important member of the VC Community.?(Here’s a hint: He calls it “Eagle Capital” and it was founded almost 250 years ago.)?
You’re a limited partner in Eagle Capital and you’re funding capital calls every month (whether you like it or not).??Congratulations! You’re a Venture Capitalist!
Econ Recon
Funhouse Mirrors and the Economy:??During the past two and a half years, the normal course of the business cycle and the economy was impacted by a?non-economic variable none of us had experienced before: a pandemic.?Dr. Brian Wesbury reviews the effects of Covid in creating what is still to a great extent?a distorted economy ?that is analogous to looking at yourself in a funhouse mirror and offers his look at post-Covid economy.
The Lemonade Strategy:?Covid not only distorted the economy, it also distorted the planning and execution process for many companies. ITR Senior Forecaster Connar Lokar has some thoughts for getting back on track?When Business Gives You Lemons .
The “Un-Recession?”??A very successful ad campaign ran in th 1970’s differentiating 7-Up that ran in the 1970’s. 7-Up distinguished itself from other soft drinks by calling itself “The Uncola” ?(the link to that commercial). Vistage Strategy Speaker Marc Emmer describes the current economic situation in terms that might have us calling?the next downturn (whenever it happens) the “Un-Recession.”?In a very short article he will explain why he thinks?“This Recession Will be Different From Any Other.”
Please reshare this week's newsletter. I also distribute it via email and am happy to add your customers, vendors, and other colleagues to my distribution list. Thanks for reading. Wishing you a productive week!
Sue Tinnish, PhD,?Vistage Chair, Facilitator, & Executive Coach
Find me easily at: 847.404.7325,?[email protected] , Twitter:?@STinnish, LinkedIn:??www.dhirubhai.net/in/suetinnish , Website:??https://vistage.com/chairs/sue.tinnish
Vistage Master Chair | Executive Coach | CEO Peer Advisory Board Facilitator | Helping CEOs become significantly more successful while working fewer hours so that they can enjoy their lives, businesses, and families.
2 年Great nuggets of information on competitive advantages through data - Necessary for future innovation - "Putting together a data strategy is impossible without a proper planning process—a strategic planning equivalent—for data. Having a well-defined process ensures that the data strategy is tightly connected to the business goals, is pressure-tested and balances a long-term vision with short-term needs. If your company aspires to become a leader in areas like Industry 4.0, AI engineering, decision intelligence, digital twins and the multiverse, it will first need to build a robust data strategy and the capabilities to execute it."
Preclinical Research Consultant | Pharmaceutical Drug Discovery and Drug Development | Oncology, immunotherapeutics, molecular imaging PK/PD and Biodistribution
2 年As always a great read! Thanks Sue Tinnish, PhD
Empowering CEOs & Presidents for Exceptional Growth | Vistage Peer Advisory Chair | Executive Coach | Transformational Strategist | Acclaimed Author & Speaker
2 年Sue Tinnish, PhD, thanks for another great MAD issue. So much resonated with me, but what I'll share is that "my obnoxious roommate's" name is Mary.
Helping SMBs insource growth plan execution without a full-time PMO using the Executagility Model?.
2 年Feeling a theme about communication: "it’s better to over-communicate and be seen as redundant than to under communicate and miss the mark.” Kirsten Yurich
Vistage Speaker | Story Strategist | Showing leaders how to persuade with power through the art of strategic storytelling | Workshops for CEOs, VPs, and sales professionals
2 年"We live in a time when attention spans are short. Boring your audience is to be avoided at all costs." Valid point, Sue Tinnish, PhD - great insights in this article. Thank you for sharing.