The Weekly Minute - August 27, 2023
Well, our Friday got off to a rough start. For what must of been of the fifth time this year, we lost power in Ann Arbor due to storms.
We’re all good - but it certainly makes for a non-ideal situation.
So, that’s why my usual Friday post is on Saturday.
Now, onto this week:
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What I Read
How to be successful (via Sam Altman)
To achieve extraordinary success, Sam (CEO of OpenAI) offers a comprehensive approach for executives. He emphasizes the importance of compounding, both in business and personal growth, advocating a long-term perspective. Self-belief, tempered with self-awareness, is crucial for pursuing unconventional ideas. Independent thinking and innovation should be cultivated, and effective communication skills are essential for conveying your vision.
Calculated risk-taking is encouraged, along with intense focus on high-priority tasks. Hard work is vital for exceptional results, and embracing challenges with a bold mindset is key. Being resourceful and building a strong network of talented individuals is essential. Accumulating wealth through ownership is favored over relying solely on salaries. Lastly, intrinsic motivation should be the driving force behind your endeavors. These principles offer a strategic framework for executives seeking to achieve exceptional success in their careers and businesses.
What I Watched
Forget the Pecking Order at Work (via Margaret Heffernan, TED)
We watched this video as a team this week. Really great message… Organizations are often run according to "the superchicken model," where the value is placed on star employees who outperform others. And yet, this isn't what drives the most high-achieving teams. Business leader Margaret Heffernan observes that it is social cohesion — built every coffee break, every time one team member asks another for help — that leads over time to great results. It's a radical rethink of what drives us to do our best work, and what it means to be a leader. Because as Heffernan points out: "Companies don't have ideas. Only people do."
One Quote
“Don’t let where you are become a ceiling on where you can go.” - James Clear
One Thought
Being enthusiastic is worth at least 25 IQ points
