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Learning From Mistakes Is What Separates Truly Revolutionary Leaders From Everyone Else

2022 February 27
by Greg Satell

In 1919, Mahatma Gandhi, who had long established himself as a revolutionary leader of uncommon strategic acumen, called for a general strike throughout India to protest unjust laws levied on his people by the British. It was, at least at first, an enormous success. In Mumbai, for example, 80% of shops closed their doors.

Yet things soon got out of hand. What began as peaceful protests against oppression turned violent. Riots broke out. The moral high ground that Gandhi so coveted—and relied on to accomplish his objectives—would crumble under his feat. Things ended with a horrible massacre at Amritsar. Gandhi would later call it his Himalayan miscalculation.

Yet that wasn’t the end of the story. Not by a long shot. He not only admitted his mistake, he vowed to learn from it. Ten years later, when the opportunity presented itself, he took a very different tack, which led to the Salt March and became his greatest triumph. It is often the ability to learn from mistakes that makes the difference between success and failure.

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4 Myths That Are Killing Business Today

2022 February 20

The unicorn is perhaps unique among myths in that the creature doesn’t appear in the mythology of any culture. The ancient Greeks, for all of their centaurs, hydras and medusas, never had any stories of unicorns, they simply thought that some existed somewhere. Of course, nobody had ever seen one, but they believed others had.  

Beliefs are amazing things. We don’t need any evidence or rational basis to believe something to be true. In fact, research has shown that, when confronted with scientific evidence which conflicts with preexisting views, people tend to question the objectivity of the research rather than revisit their beliefs. Also, as Sam Arbesman has explained, our notions of the facts themselves change over time.

George Soros and others have noted that information has a reflexive quality. We can’t possibly verify every proposition, so we tend to take cues from those around us, especially when they are reinforced by authority figures, like consultants and media personalities. Over time, the zeitgeist diverges further from reality and myths evolve into established doctrine. 

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The Lifecycle of a Breakthrough

2022 February 13
by Greg Satell

Many experts suspect that the Covid crisis is finally beginning to recede. It is, of course, hard to know for sure. There will continue to be debate and we will still need to have measures in place for some time now. Still, for the most part, people are back at work, kids are in school, and relatively normal routines have returned.

Generations from now, historians will most likely still question what lessons are to be gleaned from the past few years. Should we strengthen our multilateral institutions or have they become so sclerotic that they need to be dismantled? Is the rise of populist nationalism a harbinger for the future or a flash in the pan?

One thing I don’t expect to be hotly debated, in fact seems perfectly clear even now, is that science saved us. Untold thousands, working mostly anonymously in labs around the world, created a vaccine of astonishing efficacy in record time. It is these types of breakthroughs that change the course of history and, if we can embrace their power, lead us to a better future.

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Don’t Confuse A Moment With A Movement

2022 February 6
by Greg Satell

On September 17th, 2011, protesters began to flood into Zuccotti Park in lower Manhattan. Declaring “We are the 99%” they planned to #Occupy Wall Street for as long as it took to make their voice heard. Similar protests soon spread like wildfire across 951 cities in 82 countries. It seemed to be a massive global movement of historic proportions.

But it wasn’t a movement. It was merely a moment. Within a few months, the streets and parks were cleared. The protesters went home and nothing much changed. #Occupy was, to paraphrase Shakespeare, full of sound and fury, signifying nothing. Certainly, no tangible aim was accomplished.

Failure has costs. Thousands of people for hours a day across several months adds up to billions of dollars worth of man-hours that could have been put to some useful purpose. Make no mistake. Creating positive change in the world takes far more than mobilization. You need a vision and a strategy, guided by values, designed to accomplish clear objectives.

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We’re In A Trust Crisis. Here’s What We Can Do About It.

2022 January 30
by Greg Satell

When I lived and worked in Ukraine, it was commonplace to see men in camouflage fatigues and Uzi’s in the waiting rooms of offices around town. They weren’t there as security, or to rob the place, but to help transfer money between businesses. It was cumbersome and inefficient, but in an atmosphere of mistrust, it was a necessity.

In most countries, we’re still a long way from armed couriers as a daily routine, but according to Edelman’s recent Trust Barometer, we’re headed in that direction. Entitled “The Cycle of Distrust,” it details an overall collapse of confidence, finding that roughly two thirds believe that journalists, government leaders, and business executives, are “purposely trying to mislead.”

That’s a problem for all of us. Mistrust is corrosive to the norms that help our society run efficiently and the costs are very real. Our lack of trust in government prevents us from making needed investments. Suspicions about law enforcement undermine public safety. Mistrust in the workplace undermines performance. We desperately need to rebuild trust.

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Every Changemaker Should Know These 3 Strategies (But Most Don’t)

2022 January 23
by Greg Satell

All too often, we see change as a communication exercise. We think that if people really understood our idea, they would embrace it. In this view, bringing about change is really just a matter of messaging. Find the right slogan and deliver it in the right way, and you will ignite the passions required to drive transformation.

Nothing can be further from the truth. If a change is important and has real potential for impact, there will always be some people who won’t like it and they will work to undermine it in ways that are dishonest, underhanded, and deceptive. Change rarely fails because people don’t understand it. Most often it is actively sabotaged.

A more elegant slogan won’t save you. What you need is a sound strategy to overcome resistance to change. Fortunately, we know from social and political movements that radical, transformational change is possible and, as I explained in Cascades, their principles can be highly effective in organizations. Here are three strategies that you should know.

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Why Purpose Matters

2022 January 16
by Greg Satell

When the Business Roundtable issued a statement in 2019 that discarded the old notion that the sole purpose of a business is to provide value to shareholders, many were dismayed. Some thought it was just another example of misguided altruism by “elites.” Others saw it as a cynical and disingenuous ploy.

Yet the primacy of shareholder value is hardly a well-established economic principle. The concept does not appear even once in Adam Smith’s seminal treatise, The Wealth of Nations. In fact, it is a relatively recent idea and when the economist Milton Friedman first proposed it in 1970, it was considered radical, even subversive, certainly not to be taken as gospel.

It has also been tremendously unsuccessful. Since Friedman’s essay we have become less productive, not more. One reason for the poor results is that Friedman and others like him failed to recognize that our economy is made up of people, not inanimate pieces of data that make up economic charts, and these people search for meaning and purpose in their lives.

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How The “Uber Economy” Is Killing Innovation, Prosperity And Entrepreneurship

2022 January 9

Today, it seems that almost everyone wants to be the “Uber” of something, and why not? With very little capital investment, the company has completely disrupted the taxicab industry and attained a market value of over $100 billion. In an earlier era, it would have taken decades to have created that kind of impact on a global scale.

Still, we’re not exactly talking about Henry Ford and his Model T here. Or even the Boeing 707 or the IBM 360. Like Uber, those innovations quickly grew to dominance, but also unleashed incredible productivity. Uber, on the other hand, still gushes red ink even after more than a decade and $25 billion invested. Just last year it lost more than $6 billion.

The truth is that we have a major problem and, while Uber didn’t cause it, the company is emblematic of it. Put simply, a market economy runs on innovation. It is only through consistent gains in productivity that we can create real prosperity. The data and evidence strongly suggests that we have failed to do that for the past 50 years. We need to do better.

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2022: Surviving Change

2022 January 2
by Greg Satell

The Greek philosopher Heraclitus observed that “There is nothing permanent except change” and events over the past few thousand years would seem to prove him right. Yet while change may endure, the rate of change fluctuates over time. Throughout history, forces tend to cascade and converge on particular points.

By all indications, we are in such a period now. We are undergoing four major shifts in technology, resources, migration and demography that will be transformative. Clearly, these shifts will create significant opportunities, but also great peril. The last time we saw this much change afoot was during the 1920s and that didn’t end well.

Yet history is not destiny. We’re entering a new era of innovation in which our ability to solve problems will be unprecedented and can shape our path by making wise choices.  Still, as we have seen with the Covid pandemic, the toughest challenges we will face will have had less to do with devising solutions than with changing behaviors and conquering ourselves.

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Top Posts of 2021

2021 December 19
tags:
by Greg Satell

More than anything else, 2021 seemed like a year-in-waiting. We waited for the vaccine and then we waited for herd immunity to take hold. We waited to go back to work and school and then we waited for the supply chain crisis to pass. Most of all, we waited for things to go back to normal. We’re still waiting.

Yet while we’ve been waiting, things have been changing. We’ve learned how to work and collaborate remotely. Scientists learned that the mRNA molecule had more potential than most thought. We learned that building resilience into our systems was more important than just moving fast and breaking things.

Most of all, we learned that things need to change, that living unsustainably is, for lack of a better word, unsustainable. We simply cannot go on as before. Still, needing to change and accepting change are two very different things, which is probably why my many most popular posts this past year focused on the challenges of overcoming the status quo. Here they are:

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