Archive for the ‘Resilience’ Category

Innovation throughout

Wednesday, July 30th, 2008

Innovation is one of the key characteristics of an entrepreneur. We tend to visualise new technology and gadgets when we talk of innovation. Yet, innovation can have a richer meaning. Drucker defines economical innovation as the task of equipping human and material resources with new and greater wealth-producing capacity. The result ...

Reward excellent failures…

Monday, July 21st, 2008

...& punish mediocre successes. [Daniels, In Peters] Fear of failure often inhibits your personal growth, the expansion of your business and your learning curve. Sometimes we achieve success but upon honest evaluation we find that we’ve obtained success by playing safe, going for the mediocre successes because it was the save ...

Creativity: Crossing borders

Monday, June 23rd, 2008

A downside of becoming too specialised and focused is that we limit our exposure and in the process our creativity. A reason for this argument is that “Knowledge and experiences are the stuff from which new ideas are made” [von Oech].  The exposure to people from different cultures, reading unknown literature ...

Our adversity is our helper

Monday, May 26th, 2008

In previous posts I have talked about the fact that adversity is temporary and how to handle adversity by ring fencing its affect. But adversity can also be our helper. It is the tough and challenging times that can strengthen our nerves and sharpen our skills, if we choose to ...

Creativity killer

Monday, March 17th, 2008

A creativity killer is to search for the right answer. The school system rewarded us for finding the one right answer. Unfortunately this led to the belief that there is only one answer and to stop our search as soon as we have found the "answer". Yet, the creative answer is ...

No recipe - the world is too volatile

Thursday, March 13th, 2008

Let me translate Wilna's comment on "Scrooge and humdrum" There is a story of a man who, while walking, found a penny lying on the ground. From that day on, he walked looking down to see if he couldn’t find another penny. Eventually he got a hump on his ...

There is always an opportunity

Thursday, March 6th, 2008

Since the beginning of 2008 the South African emigration offices have been flooded with applications of South Africans who want to emigrate. It seems to be on an even bigger scale than the previous exodus in 1994. A lot of people in South Africa don’t see a future ...

Spotting opportunities

Wednesday, March 5th, 2008

Entrepreneurs are brilliant at spotting opportunities that previously went unnoticed. They show alertness to potential opportunities that their peers would decline and walk away from. More than just seeing an opportunity, entrepreneurs seem to know, as if by instinct, which one is worth pursuing. This is such a prized ability that ...

24/7 creativity

Monday, February 25th, 2008

Creativity is looking at the same thing as everyone else and thinking something differently. Albert Szent-Gyorgyi 24/7 convenience stores are traditionally vulnerable to robberies, especially in the early morning hours. The owners of such a convenience store at a petrol station thought of a creative way to handle their vulnerability. ...

Ring fence

Friday, February 22nd, 2008

Following my previous two posts on optimism I want to talk about entrepreneurs’ ability to "ring fence" problems and adversities. When you are farming with cattle and you have a very temperamental stud bull, you will fence the animal off so that he would not injure the rest of your herd. ...