Most readers will be familiar with, or have heard
of Malcolm Gladwell's best selling business book 'The Tipping
Point'. The author suggests that there is a point at which you
need apply only a small effort to create an effect. This is
rather like giving the final push to topple a large boulder or
tipping a finely balanced set of scales. If only we could find
this point, we could all save ourselves time and effort.
Once the tipping point is found then we, and our businesses
will be beating the competition and lining our pockets with
untold riches, right? Is there anything to stop us? Well,
quite a lot actually. Take the simple case of sitting down on
a chair. You see the chair, walk round to the front and then
sit down. Did you check that the chair was still there or that
it did not have a wobbly leg. Most of the time nothing will
happen but what happens in the 1 in 100 or 1 in 1000 cases
when a practical joker has removed the chair?
This is a somewhat simplified example but neatly
illustrates the point that we must keep our wits about us at
all times. Having created a strategy for the future we want it
to succeed but how many of us do not keep watch? What is it
exactly that we are watching for? This is where we come to The
Slipping Point. If you were driving up a slippery slope or
along an icy road it would be the place where you lost grip,
where your forward momentum slowed, and where things just did
not go as planned. What can be done about this?
- Ensure Management are 'Hands Ready' i.e. they are aware
of what is going on but are not micro-managing or too eager
to take control. This provides space to see the bigger
picture.
- Do your employees work in teams? The more they do this,
the more support they provide, the more knowledge is shared
and the more flexible they are when confronted with
challenges.
- Is there a desire to win or are you all there to pick up
your pay cheques?
- Even if you have a desire to win, do you know how to
win?
- Keep an eye on the external environment, competitors,
customers and any other factors that could affect the
economic landscape.
- Foster as many external relationships as you can. These
provide information and can also be leveraged in times of
need.
- Promote the right culture. Transparency and morale are
often used but infrequently heeded. Lead by example and gain
trust and you will be in good shape.
- Promote the concept of stretch, an environment in which
your employees and management alike are challenged and
allowed to learn.
- Get the best from your staff. This extends from what
management actually 'do' to staff to encourage and motivate
them as well as reward systems.
Pay attention to the above and you have a very good chance
of executing that carefully crafted strategy and avoiding The
Slipping Point.