In game theory and economic theory, zero-sum describes a situation in which one person’s gain is exactly balanced by another person’s loss. In games like chess, one person wins and the other loses. The win (+1) added to the loss (-1) equals zero.
At times our progress in business may feel like a zero-sum game. With the right leadership, however, success is a positive-sum game. Most successful people freely admit they achieved their success with the help of others.
The following excerpts shed light on how success grows out of efforts to help others improve:
According to Steve Farber — author of Greater Than Yourself — the only way for knowledge to truly lead to power in a person’s life is for that person to give it away. The reason this principle works is simple: “Everyone will want to work with you. And because of that you’ll be able to accomplish anything you set out to do.” Invest in relationships with other people and be clear on your intentions to make a difference in the lives of others. Promote their welfare, fortunes, success and capacity for achievement. Give away your knowledge, connections, experience, advice, life lessons and confidence. Hold others accountable for their commitments. In this podcast, Steve and I discuss the practice leadership and how leadership is an extreme act.
In his book The Speed of Trust, author Stephen MR Covey discusses the value that comes from trusting others. Trust is the very basis of the new global economy, and he shows how trust—and the speed at which it is established with clients, employees and constituents—is the essential ingredient for successful people and organizations.
Chris Warner and Don Schmincke, the authors of the book High Altitude Leadership describe what happens when people work together. You start by crafting a compelling saga — language and actions that inspire passion for a strategic result. The compelling saga drives performance, inspires value-based behavior and provides strategic focus.
Author and blogger Art Petty offers 8 suggestions to improve your team’s problem solving skills. Problem solving takes teamwork, and in the process, everyone involved grows and improves. “The best learning opportunities in the workplace occur when individuals or teams come face to face with a vexing problem. These situations provide outstanding growth opportunities and a great chance to generate and implement innovative and creative solutions.”
Working together and helping others improves business and leads everyone involved to do things that will increase their overall success.
Questions: What successes have you seen arise from collaboration with others? Please leave a comment in the space below.
The Product Management Perspective: The most successful products and services come from organizations where teams collaborate effectively. Product managers have the key responsibility to facilitate the success of their products.