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March 1, 2018

Playing for the Long Term

Great businesses, like championship teams, take time to construct. You have to play for the long term if
you are going to be serious about building a great organization. There are several reasons this holds
true.

  1. Your Team – Great teams take time, not only to build in the sense of finding the right people but
    letting them gel and then operate for success. People do not naturally let their guards down,
    know one another, respect one another’s strengths and weaknesses, and build an
    interdependence quickly. That takes time and we as leaders need to facilitate the process and
    do the hard things necessary to keep it on track.
  2. Innovation takes time – Long-term businesses bring something different to the market. That
    innately means that people to do not subscribe to change quickly in a mass market. If your
    business does the same things many other businesses do without something special, you have
    simply participated in commoditizing your market (something we see often in federal
    contracting).
  3. Culture has to form – Great organizations are built on great culture. Developing a culture takes
    time, energy, focus, and defense. If leaders do not define the culture of their organization and
    ensure it is defended, it will form on its own. It is our responsibility, to those we want to foster
    as part of our organization, to focus on building a strong culture, shaping it over time so it
    scales, and setting up ways in which it is defended.
  4. Things will change – Markets shift, budgets change, desires alter, and failures will happen in an
    organization. A leader’s strength comes from his/her vision, decision-making skills, and ability
    to lead adaptation. Charging in for the short term does not allow for the ability to shift with a
    market and adapt. Leaders listen and constantly make little changes watching for their impact
    and playing for the long-term result.
  5. Put time on your side – Long-term businesses know they may have to weather storms in
    addition to having a bounty of sunny days. This is not just as simple as keeping cash on hand
    and instituting financial discipline. This is leading an organization with the understanding that
    things will happen, being transparent with failures and impacts, and building a culture that
    builds in the perseverance and grit for long-term success.

So, as you think about your organization, build your teams and put the strategies and tactics in play to
make sure you are in for the long term. It will require more work, more communication, more
discipline, and more time, but the rewards of being a championship team will be worth it for you and for
all those who will define themselves partially by the organization you built.

InquisIT