In this episode of Quick Clarity, Angie D'Sa and Jeff Hunter delve into the topic of the speed of change, which is the fundamental problem that most businesses face. Join us as we explore:
1. What Is The Speed of Change:
- Speed of change ultimately determines an organization’s success or failure and it’s ability to remain competitive.
- How quickly you can evolve alongside or ahead of the market and retain customers as you move fast.
- The practical speed limit of productive change is equal to the practical speed limit of productive learning. This is a psychological challenge, not an educational one.
2. Where Businesses Fail:
- Adapting to high-speed and unpredictable changes can be challenging for people, as we are all social creatures that crave acceptance, status, and safety.
- Speed of change and standards are two fundamental drivers of human confusion. If you don’t turn that confusion into clarity, they become the drivers of business failure.
- By prioritizing speed alone, you accumulate structural debts in your organization that will ultimately crush you or cost you later on.
- Leaders who do not approach their potential blindness with curiosity, or seek help to explore alternative approaches, will be trapped by the systems they’ve helped design.
3. How to Have Both - Standards and Speed:
- Mastery allows for fast and high-quality production, reducing the trade-off between speed and quality.
- Building mastery requires significant investment in management, discipline, leadership, focus, and execution.
- This is attainable through Talentism's Operating System and "build-run" approach, a methodology that emphasizes continuous learning and improvement.
4. Why Fun Is Great, but Meaning Is Better:
- Is feeling good the purpose of your life or the reason you show up to work? If not, you should actually be seeking meaning.
- The workplace environments that relied on cheap capital to create a false sense of meaning through pleasurable experiences no longer can exist in today’s environment.
- Work should hold intrinsic meaning and contribute to self-discovery and purpose; it should be a place where you can learn and unleash your potential.
- Purpose, learning, and being enabled to unleash your potential at work are ultimately more competitive in the talent marketplace than fun.
