Two Approaches to Developing Thought Leadership Focus

Two Approaches to Developing Thought Leadership Focus

What do you do, if you are one of those people who have two very distinct areas of expertise? After all, a well-known expression is that you "get rich in the niche", suggesting that if you do not have exceptional focus, you will never develop the reputation – or the riches – for being known as an expert in anything. When you have two distinct areas of expertise, this seemingly is a problem.

To address this challenge, there are two alternative approaches:

  1. Pick your lane: Picture an automobile that straddles the left-turn lane and the through lane. No one is sure if they are turning or going straight. On the business front, it's not just that others don't know what to make of you. There is double the professional development, double the marketing, and double the stress, trying to keep up, sell, and deliver in your two completely different business areas. The solution: drop the weaker area, and put all of your efforts in only one. Bonus: This differentiates you from the generalists, and improves your competitive positioning.
  2. Live at the Intersection: This strategy discards the notion that picking a lane is optimal: after all, why discard any attribute that can differentiate you relative to the competition? If you have expertise in both marketing and wealth management, why not position your thought leadership at the intersection of the two: Marketing IN the wealth management industry? OR Wealth management for people in the Marketing sector? If you are an expert in litigation, and an expert in intellectual property, why choose one of these as your "lane", when becoming an IP litigator – the intersection – can be far more powerful?

This week's action plan:

Many people haven't explicitly picked their lane. And of those who have, most haven't chosen their intersection. This week, choose yours. And if the lane doesn't work for you, choose your intersection.

Thought Leadership Insight: As your knowledge deepens, it becomes even more powerful to live at the intersection of as many roads as possible – you literally can be a category of one. (IP litigator, who only works on biotech, and only works with with defendants who are based in the USA.)

Your thoughts?

Contrarian views are welcome.

-Randall

[Content Authenticity Statement: 100% original content. No AI was used in creating this content.]


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Stephen Libman

My mission is to shatter the illusions surrounding money, in order to break its hold on people.

1 个月

This framework is a great tool for reflection, and I love the action-oriented approach. Thanks for sparking this important conversation! While living at the intersection can be incredibly powerful, it may pose challenges in smaller markets where there isn't enough demand for a hyper-specialized "intersection." A hybrid approach—starting with one lane and gradually expanding into the intersection—could address this. Thoughts?

Does living at the intersection broaden the market? Or - does it is diffuse it? I've engaged this discussion, without conclusion, on a regular basis.

Baskaran Rajamani

Certified Executive Coach, Board Director, Connector, Speaker, Advisor on Technology and Digital Risk Governance

1 个月

Randall, This is a great topic and a popular challenge. In my Executive Coaching experience this issue comes up a lot in how people struggle to pick and focus on one area to thrive. It's true in making Career choices for students and picking an area to develop their practice for those in the Professional Services context. While I agree on your suggestions of: a) the choice of one or b) staying in the Intersection, I would add the importance of a market scan or demand sensing and more importantly doing it in the context of what outcome/goal one plans to attain by making the choice. Great article and choice of topic! ??

An interesting article on the opportunities to focus thought leadership efforts. I'd like to suggest that rather than an intersection you define the thought leadership lane you are driving in. For example, if your end objective is to get on an airplane to fly on a business trip or holiday, taking the lane of Highway 401 will not get you there. However, if you define take the lane as the one to take you to the airport parking lot you have now define the right lane to get to your plane. I like your concept of interaction however I think refining and positioning your thought leadership in the right lane to start with could be more effective than trying to please the two different directions of the intersection.

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