Lead on Purpose

Promoting Leadership Principles in Product Management


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The value of hard work and perseverance

Recently I was reminded of a story about a young man who lived during the 1849 Gold Rush. An older, wiser man observed him passing by obvious ‘flecks’ of gold in the stream, and asked him why. The young man said he was searching for the big ‘nuggets’ of gold. The old man pulled out his pouch and said “The patient accumulation of these little flecks has brought me great wealth.”

What are the ‘flecks’ of gold that you are passing by in life? Are you looking for the big victory, but missing out on the many small wins that will bring you more happiness and success? Life-long accomplishment comes from the small, consistent wins along the way.

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Great leaders engage and communicate

Guest post by Annabelle Smyth

Learning how to communicate with your employees is vital to being a great manager. A leader that knows how to communicate and understands an employee’s situation is one that employee’s want to work for. Communication can improve teamwork, unity, productivity, and efficiency.

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What are you really competing against?

In our world of work and business, competition is a real thing. Too often, however, we miss the real competitor. We overlook the root of what our products are really competing against. As Peter Drucker famously said: “The customer rarely buys what the company thinks it is selling him.”

Why do we miss the mark when it comes to competing in products and services? Why do the majority of innovations fall short of their desired objectives? Are you competing against luck?

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Why success is a positive-sum game

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.

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How leaders create great companies with stakeholders

Thanks to the Industrial Age we (still) live in a world where most companies hire employees. They look for people with the right education, who have been trained with the right skills to do their job.  They create a human factory of sorts.

The ‘employee’ world is changing, albeit slowly. Smart owners are seeing increased productivity and profits by turning their employees into stakeholders. Stakeholders take initiative, they take ownership, they solve problems. Stakeholders don’t wait around passively for something to happen; they make it happen. Stakeholders do great things.

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Changes

Returning visitors will notice big changes at Lead on Purpose. For more than six years I have stayed with a consistent theme and blog layout. This week I decided it was time for a change, so as you see the blog has a new theme and look about it. The hope is to make it easier to find the relevant content for which you are searching, and a more pleasant place to spend a bit of your time. Please leave a comment and let me know what you think.

There will no-doubt be additional changes in the coming weeks, but I’ll try to keep them to a minimum (though a theme change is still on the table). Continue reading


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Trust in business

One of the things I’m finding as I continue to read The Speed of Trust by Stephen M.R. Covey is the abundance of leadership quotes he has included in the book. They give excellent insight into the importance trust plays in your success. The following quote points out the importance of trust in business:

You can’t have success without trust. The word trust embodies almost everything you can strive for that will help you to succeed. You tell me any human relationship that works without trust, whether it is a marriage or a friendship or a social interaction; in the long run, the same thing is true about business, especially businesses that deal with the public.

Jim Burke, former Chairman and CEO, Johnson & Johnson