It’s Lonely at the Top

It's Lonely at the Top Preston: CEOs often feel very lonely. Although that may surprise many who have never been a CEO or business owner, it won’t surprise those who have. Many people clamor for time with the CEO. In addition to employees seeking the CEO’s time, there are customers, prospects and suppliers to meet [...]

Speed

Speed Preston: Brian, in our last exchange you talked about how the internet has enabled us to do things faster, cheaper and more efficiently. We discussed this in the specific application of developing a minimally viable product. I want to focus on the “faster” element whether enabled by the internet or not. Speed, in [...]

Cognitive Dissonance

Cognitive Dissonance Cognitive dissonance can be seen at least as far back as Aesop’s fables. It occurs when our actions conflict with our beliefs, causing dissonance that we then seek to resolve. The resolution of the dissonance must come about by changing beliefs, changing actions, or changing our perception of our actions. Changing our perception [...]

Unsaid Brutal Facts

Unsaid Brutal Facts "The most important thing in communication is hearing what isn't said." -Peter Drucker Leaders know communication is what the other person hears, not what they say. Good leaders know that listening is learning. Drucker makes the powerful point that to be a great leader, we must determine that which is unsaid. That [...]

By | September 21st, 2018|Categories: Lessons Learned, Management|Tags: , , , , , |0 Comments

Decentralize

Decentralize “How is [Berkshire] organized? I don’t think in [the] history of the world has anything Berkshire’s size [been] organized in so decentralized a fashion.” -Charlie Munger Berkshire Hathaway had revenue of $242 billion in 2017. Their headquarters staff is about 25 people. Take a look at your organization. Are you too centralized?

By | September 20th, 2018|Categories: Decision Making, Management, Strategy, Uncategorized|Tags: , , , , |0 Comments

Audacity

Audacity "In a time when computers are replacing many basic human functions, it will eventually come to be that audaciousness, vision, courage, creativity, a sense of justice – these will be the only tasks left to us." -Ryan Holiday Artificial Intelligence (AI) may be the great equalizer when it comes to competitive advantage...until courage and [...]

By | September 19th, 2018|Categories: Competitive Advantage, Creativity, Strategy|Tags: , , , , , |0 Comments

The Power of Why

The Power of Why "If you always tell people why, they'll understand it better, they'll consider it more important, and they'll be more likely to comply" -Charlie Munger Asking why repeatedly until you get to the root cause of a problem is a powerful tool from the Toyota Management System. Explaining why is a powerful [...]

By | September 19th, 2018|Categories: Competitive Advantage, Lessons Learned, Management, Process|Tags: , , , , |0 Comments

Confront the Brutal Facts

Confront the Brutal Facts Charlie Munger: “I think that one should recognize reality even when one doesn’t like it; indeed, especially when one doesn’t like it.” Jim Collins in "Good To Great" has a chapter titled "Confront The Brutal Facts." Our CEO peer group recently read and discussed this chapter. Their concept is simple but [...]

By | November 1st, 2017|Categories: Books, Management|Tags: , , , |0 Comments

When Flipping a Coin is Being More Decisive

When Flipping a Coin is Being More Decisive Jess, the owner of a small business, is upgrading an important piece of equipment used in the company’s manufacturing process. The decision has narrowed down to two pieces of equipment and the company’s CFO has compared the financial impact of the two choices. Both options produce very [...]

By | January 6th, 2017|Categories: Decision Making|Tags: , , , |0 Comments