Kate Spade; Success and Suicide; WIN.ning; ExO Applications OpenJune 7, 2018
Brad Feld; Bandwidth; 50s better than 30s; Workday MillennialsJune 28, 2018
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"…insights for scaleups"
12-Year Study of CEO (Applies to all Leaders) Schedules — Harvard strategist Michael Porter and colleague Nitin Nohria recorded and analyzed the schedules of 27 CEOs over a period of 12 years (2006 – 2018). Notes this Fortune article:
It reinforces the idea of a #1 priority for each quarter and the importance of a leader aligning their daily activities around this priority i.e. Steve Jobs spending three hours each day for six-months working on his new retail concept. Please take 2 minutes to read more of the details.
61% Face-to-Face Time — the Fortune article summarized a much more in-depth HBR article. Noting that these CEOs spent 61% of their week in face-to-face meetings, Porter and Nohria note in HBR:
72% in Meetings — one key recommendation coming out of the study, given that 72% of these CEO's workweek was spent in 37 meetings lasting an average of an hour, is to cut the time of these meetings in half or more. Most meetings can accomplish as much or more in 30 minutes or even 15 minutes than they can in an hour so look at setting up much shorter meetings.
Only 3% of Week Spent with Customers — and the biggest reveal was that the CEOs were dismayed to find they only spent 3% of their week with customers – and agreed this was too low. Notes the HBR article:
There are many more insights about family, sleep, and alone time worth reviewing by all leaders. The HBR article will take you 7 minutes to read and digest, so maybe a good read for the weekend.
Fun Fact — yesterday the 10 millionth patent was issued to Raytheon for a process improving lasers. This Fortune article provides the details plus a look at the first patent signed by George Washington in 1790 and issued to Samuel Hopkins for improvements in "the making of pot ash and pearl ash." Yet the patent numbering system was reset in 1836, so there is a different patent #1! Worth 1 minute to see what it was for plus the new patent cover design.
ExO 10x Course Starts Next Week — a mindset of 10x growth is much more expansive (easier?) than the incremental thinking that goes with contemplating 2x. Salim Ismail is one of my favorite business minds and has studied a hundred of the most influential organizations, learning how they reached the top of the mountain. He and his team are now bringing all that information to Growth Institute with their ExO Master Business Course. The online program was built to help leaders achieve the 10x success they are looking for. If you feel like you are one of those leaders and want to create that very plausible scenario for your organization, apply for your spot here: Don't wait, as the class starts next week!
Need More Copies of Scaling Up (Rockefeller Habits 2.0)? — Amazon continues to premium price the hardcover book. If you need a box of 20, the books (paperback) are less than $10/each
CEO-BOOTCAMP: spend 3.5 days with Verne, serial entrepreneur John Ratliff, and 6 other CEOs in a beautiful retreat setting, addressing the constraints holding back you, your business, and your industry. October 2 – 5; January 15 – 18, 2019.
EXITING: Thinking about selling the business for $40 million or more? Want to get 25% to 200% more than you thought? Request the whitepaper from the Exit Strategies Summit at Harvard from Denise Richmond at (610) 299-6466 or email at [email protected]
Have you ever wondered if working with a coach might accelerate your company's growth, exponentially? Do you have what it takes to move the dial from good to great? Contact us at [email protected] for more information or visit https://scalingup.com/coaches.html.
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