Who is Testing You?
? Sue Tinnish, PhD
Empowering Leadership & Growth | Executive Coach | Vistage Chair | Peer Group Facilitator
In this Issue:
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This is Test from the Stoic Gods
Ever get frustrated?? Who doesn’t?? Daniel Pink offers a 5-second solution to avoiding frustration.
The source of his wisdom comes from the Stoics. Stoicism is a school of philosophy that flourished in Ancient Greece and Ancient Rome. It focuses on the pursuit of self-mastery, reflection and perseverance as a source for living a great life.
I’ve developed a daily habit of reading a short passage from the book, The Daily Stoic: 366 Meditations on Wisdom, Perseverance, and the Art of Living. The book offers 366 days of Stoic insights and exercises. Daniel Pink was inspired by the book The Stoic Challenge: A Philosopher’s Guide to Becoming Tougher, Calmer, and More Resilient by William Irvine.
Start your stoicism journey small…start with this Pinkcast. I know I will be channeling the Stoic gods this week to avoid stirring up frustration for myself.
Making Smarter Mistakes
For most executives, the essence of risk management is avoiding mistakes. But as mistakes are inevitable for even the best manager, can we make mistakes in such a way that we minimize the cost of rectifying them?
This short article from Chief Executive suggests that “Successful innovation will always have failed ideas along the way. The key is maximizing the value of those mistakes and minimize the risk.” Check out these Three Strategies for Making Smarter Mistakes.
Sources of Stupidity
The bad news is we make mistakes. The worse news is that the mistakes make us feel stupid and make us believe that we don’t have the ability to do better. But we do!
This short post from the Farnum Street Blog (a great toolbox for critical thinking) lists 5 of the biggest reasons we fail to make good decisions. The good news? We can impact all of them. Take a few minutes to get control over Sources of Stupidity.??
And if you need some encouragement after making a real bone-headed call, you’re in good company. Check out these smart people who made terrible decisions.
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The Once and Future Salesperson
AI is here to stay and will impact most areas of our business. How will AI impact you and your sales team?
Vistage Speaker, sales trainer and emotional intelligence expert, Colleen Stanley, CEO of President of Sales Leadership, suggests that salespeople and sales managers concerned about how they will fair in the AI era might take a look at how they manage their sales process. AI will not change what makes a truly great salesperson. In a two-minute video, Stanley answers the question Will You and Your Sales Team Be Relevant In The World Of AI?
Three Ways to Growth
Most executives want their companies to grow, but for many that growth just produces a larger version of the enterprise they already have.?
Vistage Speaker and Strategy expert Marc Emmer suggests that managers have more choices around growth than they often realize. Thoughtful managers should spend some time considering how alternative growth strategies could create not only a larger company, but a different and better one.?
Emmer offers an executive summary of Three Modalities of Growth that should be explored before making a final decision on a growth strategy.
Econ Recon
A Tale of Two Metrics:? Slowdown in GDP (slowing, still growing) and employment (“only” 175,000 jobs created in April) but not altering the strong employment trend overall. What’s ahead and what will the Fed do? ITR Economics Brian Beaulieu’s most recent Fedwatch offers a deeper dive.
Running out of Gas:? Both Trump and Biden oversaw the injection of massive amounts of liquidity into the economy during Covid disrupting much of the normal dynamics consumer income and spending thereby resurrecting the inflation that had been banished nearly 40 years earlier.
Economist Brian Wesbury writes in a recent blog post “We believe much of the robust consumer spending of recent years traces back to the unprecedented government stimulus provided to households during the COVID-19 shutdowns. These infusions of funds, combined with limited spending opportunities early in the pandemic, led to a significant accumulation of savings well above pre-pandemic trends. But what is the current status of these excess savings?“ He offers a closer look in his most recent Three on Thursday.
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
Helping high-ticket B2B service businesses close MORE deals FASTER at HIGHER PRICES using First-Time Offers that will break your cash register. ?? Podcast Host ?? Multi Best-Selling Author
9 个月The discussion of AI is so interesting. It looks like a lot of the jobs that are being replaced by AI are the ones that require the least human connection. High-skilled low human interaction like software development is getting taken over by AI. Customer support and sales folks that can make human connections still seem secure.
International Keynote Speaker | Communication Trainer for Pharma | The Leadership Standard Podcast Host
9 个月? Sue Tinnish, PhD - Agreed. The Daily Stoic is a helpful, quick way to reframe challenges and tap into useful tips of how to develop a resilient mindset.
Vistage Chair | Exec Team Coach | Humble Adventurer | National Champion Mtn Biker
9 个月A thought-provoking read for any executive looking to make a difference in their organization and personal growth. The blend of ancient wisdom with contemporary business strategies provides a unique perspective on leadership challenges.
B2B marketing strategist, Blue Ocean Practitioner, and historic bar enthusiast
9 个月The "How Not to Be Stupid" stuff is fascinating - thanks.
Leadership Advisory | Vistage Chair and CEO Advisor | Technology Advisory | Interim/Fractional | Strategy | Innovation | Risk | P/L | Digital Transformation | Board Member
9 个月? Sue Tinnish, PhD, I especially liked the pattern-matching topic that leverages mental models inside the Sources of Stupidity section of your post. So many of us developed these mental models as a shorthand that helped us make good decisions quickly. BUT, have the conditions changed relative to the period when we formed these mental models? That's a key question worthy of review. Otherwise, we end up with blind spots that can bite us.