Tough Times Call for Strategies That Work!
Friday, June 27th, 2008When forced to deal with the Five Costs of Excellence, most people turn to one or more of the Five Failed Strategies of Excellence. And in tough economic times, all the more so. This a mistake.
The five strategies that don’t work, particularly during tough times, are these:
Denial. This is pretty hard to sustain when the numbers are staring you in the face. But it’s amazing how many people try it for a while. Denial says, “Tune out.”
Toughness. In challenging times, this can lead to a willingness simply to endure high costs and lowered rewards, accompanied by some bluster. But is misses opportunies to innovate, create, and change. During the height of a recession, I once saw an EVP deliver a “mental toughness” speech to his group that deperately needed leadership, not nonsense. His team scattered. Toughness says, “Tough it out.”
Resignation. This just accepts tough times and waits it out. Again, it’s a missed opportunity because tough times bring new opportunties, almost by definition. After all, when the pot is stirred, everything moves.Resiggnation sees “no way out.”
Escapism. Tough times are no time for checking out and retreating to private reverie. I have on two separate occasions witnessed CEO’s talk about visionary moves and the greatness of the company at the very moment the company was tanking. This isn’t leadership vision; it’s sharing a waking dream. Remember Ken Lay’s “I’m excited” speech? That’s not leadership. Escapism says, “Drop out.”
Balance. Balance is nothing more than an avoidance technique, and the last deperate act of the truly trapped. Balance is bullshit. It balances little and achieves nothing. Much better to make decisions and take action. Balance is a “cop out.”
Instead, here are three strategies that work:
- Encourage fearlessness in your people, and invite them to speak their minds.
- Expect that everyone works from their dynamic essence (their core), chasing down what they care about most and do best, and then demand that they align this with the needs of the business.
- Insist that you and your team put an end the the accrued costs incurred in the excellence trap and work to create a shift to mastery: replace effort with energy, comiitment with intention, acumen with wisdom, etc.
In this way, tough times won’t compound the negative effects of the excellence trap, and you will take the opportunity to shift to mastery. Ultimately, leadership masters don’t really have tough times, they just have opportunities. If you’re trapped in excellence, this will sound like pollyanna. But as you shift mastery, it makes sense, and it makes all the difference.

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