My regular update regarding my learnings and unlearnings
?
The purpose of this update is to share my learnings and unlearnings, with the expectation that some will be of value to you.
?This update was 100% written by me – not by AI.? When you send me an email, my response is 100% written by me.
?Personal Update:
1)???? Mentored a startup at the University of Toronto Department of Engineering.? The approach was based on weekly advisory board meetings.
2)???? Mentoring a CEO who is a Rotman business school alumnus. I’m a mentor in the Rotman Rendezvous program
3)???? Continued as Board Director at Computer Aid Canada.
4)???? Continued as a Patient Family Advisor at the Odette Cancer Centre - Sunnybrook Hospital.?
5)???? Continued my long-term fundraising for the Geoff Carr Fellowship at Lupus Ontario. Over the past 18 years family, friends, neighbours, and colleagues have contributed almost $270,000.?? You can use the donation link later in this update
6)???? Continued with the Angel Capital Association in the US.
7)???? Continued to share with you, and on my website, some of what I’ve learned and unlearned, with the intent that some of you will find value.? The learnings and unlearnings are applicable to any size company, ranging from early-stage startups to large global enterprises.
I continue to examine and refocus my time on efforts which maximize the value and impact on my two purposes. (#1 Enabling current and emerging business leaders to succeed, #2 Enabling business leaders to have a positive impact on society).
?My biggest learnings in the past three months:
1)???? I observed that the reasons for failure (and success) are the same for: MBA graduates, early-stage companies, fast growing companies and long-established companies
2)???? The odds of predicting the future in 2024 are lower than they’ve ever been. Scenario planning is critical for future success.? I’m surprised that many business people believe they can successfully predict the future. In cases, believing they can successfully predict 30-40 years out.
3)???? Learning, similar to exercise to improve your body, takes trained effort over long period of time and can be painful,? especially when you have to unlearn.? Physical exercise to improve your body (Hypertrophy) stresses muscle tissue, breaks down the muscle tissues and triggers the body to rebuild bigger and stronger muscle? tissue. When your brain learns new things,?the neurons involved in the learning episode grow new projections and form new connections. Your brain may even produce new neurons.?
?Your donation to support the Geoff Carr Fellowship at? Lupus Ontario can be made by the following link:
?Sharing my learnings
My website (https://koorandassociates.org/) contains my points-of-view regarding key issues and questions regarding value creation and growth in for-profit businesses. Each point-of-view is a brief article designed to enable discussion among founders, owners, shareholders, investors, CEOs, boards of directors, and advisory boards. I do not address not-for-profits, government, or other non-profit oriented organizations.
?Below are links to my website containing: new and revised points-of-view since my last update in June.
领英推荐
?Links to my points-of-view articles:
LP (Limited Partner) assessment of a fund. V7
Assess a fund (which is asking you for money) the same way they’d assess a company asking them for money. Understand how the fund and its managers are competitively superior i.e. managers know things that others don’t and can do things others cannot. Understand the potential for the fund managers to succeed in rapidly changing and different future.
?
What is corporate governance? V4
Corporate governance is broader and deeper than just the board of directors.
?
?
What is the corporate governance ecosystem? V2
The corporate governance ecosystem is the same as your company’s ecosystem.
?
Society does not trust its leaders and institutions. V4
The majority of people believe government and business leaders purposefully try to mislead people.? 40% of the American public believes problems with their social institutions cannot be fixed and to just “let them burn”.? Governments are seen as far less competent, and ethical, than business. 74% believe that elected officials don’t care what people like them think.
?
Can leaders have an “off day”?
Can leaders (U.S. Presidents, Board Directors, CEOs) have an “Off Day”?