The Los Angeles Kings are the presumptive Stanley Cup winner (and may actually be the winner by the time you read this). I wrote about lessons we can all take from their success:
The Kings’ success in acquiring talent put them in a position to add the right pieces to flesh out a Stanley Cup contender. While in other industries you won’t have the benefit of trading talent (imagine if you could draft the best grads out of school!), but you can take to heart the lesson of timing – going above scope, or paying extra, to attract the right talent for the right initiative at the right time.
The first number stood out for me. Shocking, but, as the article states, a huge opportunity too:
Because today, we have more access than ever, but unfortunately, we are still largely unhappy: 80% of people dislike what they do for a living. Out of this incredible number of unhappy people, comes a huge opportunity to create products to solve this issue, and improve our economy. A few companies, like Dream Champs, The Energy Project, and Loosecubes have begun to tackle this problem. And they have the potential to make big impact: Happy workers correlate to raising sales by 37%, productivity by 31%, and task accuracy by 19%. If we’re happy at work, the U.S. could gain $300 billion in productivity each year. But to move the four-fifths of our population from disengaged to fulfilled, we have a long way to go.
Interesting proposition for small businesses or non-profits:
This doesn’t mean small growth companies should fly blind. It means they should adopt an adaptive opportunistic approach to strategy. They should plan in the hallway, not the boardroom.