On the Tension between Rules, Principles and the Fundamentals

On the Tension between Rules, Principles and the Fundamentals

Topic:Leadership
Posted on:Oct 31 2016
Captured by:Flint M
Method:Dictation

Rules and principles in business are important. Nevertheless, every great business is an exception. Indeed, the greater the exception, the greater the business. While one must not forget this point, one must also balance it against the need to respect the fundamentals. The effective leader must strike the proper balance between ought and could.

 

1 Comment

  1. Mark Bertrand says:

    If you mean that a great business is an exception to the rule that most businesses aren’t great then I could agree. However, plenty of businesses are great by following the normal rules of business: customer service, innovation, good sales and marketing, quality control, supply chain management etc.

    This post makes me think about the balance between innovative, creative, out of the box thinking in business and the tried and true fundamentals. For example, following up on leads with a solid lead nurture program. Great customer service, employee/talent recruiting and retention, company culture etc. are all necessities. But innovation is necessary to deal with obsolescence in a business. If resources (time, talent, money etc) are limited, we must strike a balance between that which we must do in the realm of fundamentals and that which we must do in the realm of innovation.

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