Ideas for Impact
Got a brilliant idea? Share it freely and let others get in on the action.
Let them win. Let them look good.
Let them steal the spotlight and snag some of the credit.
Let everyone get a piece of the glory and bask in the collective success.
You’ll be amazed at how quickly things get done.
You’ll create a culture of collaboration that drives even greater achievements.
Idea for Impact: Help others win—when they shine, your own star rises faster.
Delegation is crucial but tough for new managers. Here’s how to nail it:
Always stay accountable for the final result, even if someone else does the work.
In short: Pick the right person. Define the task. Set clear standards. Stay responsible. Be patient and learn from mistakes. That’s how you delegate like a pro.
Intelligence is a double-edged sword: sure, it’s got its perks, but sometimes it trips up even the brainiest of folks. Brainiacs may find themselves falling short of their goals due to inadvertently undermining their own efforts. Making it big in most jobs needs more than just smarts.
Bright minds often view their success as inevitable, sometimes overlooking the importance of other skills. For example, they may dismiss workplace diplomacy as an annoyance rather than recognizing its importance. No matter how tactful they are, their braininess can still put a damper on slower teammates. They get antsy dealing with processes and people who are not on their level. They might choose to work solo, thinking they can get things done faster that way. Additionally, they may be less receptive to feedback, especially when they feel confident in their approach.
Focusing solely on what you’re good at, especially if it’s brains, can backfire big time if you ignore your weak spots. Seek a caring mentor who can clue you in on how people see you, dial down that ego, and adjust your expectations—try to become the respected star of the team, not the reviled know-it-all.
If you find yourself always toning down your smarts to fit in, maybe it’s time to find a workplace where they actually dig your brainpower. Look for employers who value intellect, such as think tanks, universities, investment banking firms, law and consulting companies, and professions where they’re all about flexing those mental muscles.
Investor Warren Buffett’s wisdom isn’t just about making money. He’s known for his simple yet powerful life advice, often told through folksy metaphors. One of his biggest teachings is about investing in yourself and striving to be the best you can be. Buffett advocates surrounding yourself with top-notch people and learning from them: he famously remarked, “It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”
It’s all about picking up their good habits and making them your own. Buffett has offered a practical approach: create two lists of qualities. First, write down what you love about your role models. Then, jot down the stuff you can’t stand about those you don’t vibe with. Then, aim to adopt the good and steer clear of the bad.
Idea for Impact: Be more like the people you admire the most. This exercise can help you level up and become the best version of yourself.
Some leaders fall into a dangerous trap, succumbing to temptations along their paths. These leaders deviate from their ethical responsibilities and shield themselves from fair criticism, considering themselves exempt from the rules. Such behavior can stem from an inflated ego or narcissism, a lack of self-awareness, a fear of vulnerability, or an intense emotional attachment to their ideas or beliefs.
These leaders often operate within a culture of flattery, where disagreement is seen as disloyalty, and no one dares to challenge or bring attention to issues within the organization. The leader’s circle of enablers grows as time passes, making honest dialogue impossible.
Idea for Impact: Steer clear of these pitfalls by establishing a clear “inner compass”—your values and priorities that revolve around serving a purpose. Live by these values, advocate for them, and ensure they are deeply ingrained in the fabric of your team.
New managers are under pressure. Most managers are underprepared for the transition into new roles—and undersupported during them. In fact, the revolving door is turning more swiftly as companies are seeking quick results. New managers must immediately tackle challenges and demonstrate their competencies instead of having a grace period to find their footing and mull changes.
When taking on a new management position, adaptability to the unique culture and ways of doing things is the key to success. You must quickly throw yourself into the work and learn who’s who, who does what, and how your company operates.
Idea for Impact: Balance the pressure to show results quickly, understanding what significant changes are needed. First, talk to your constituencies (internal and external customers, competitors, leaders, employees) and lay out a road plan for the next three months, one year, and three years. Manage expectations and don’t overcommit.
If a lack of confidence is a significant factor holding you back in your career,
There’s much comfort in sameness and certainty. Overhauling your life—whether it’s your home, job, or your relationship—can seem an impossible task. But three attitudes can get you started:
Idea for Impact: Sometimes, all it takes is a slight nudge in the right direction.
News broke out that Ernst & Young revealed this week that its employees cheated on ethics exams. The accounting behemoth is being fined $100 million. That’s one of the biggest fines ever levied against an audit firm.
It’s absurd that specialists responsible for keeping things straight and steering moral enterprise cheated on ethics exams! Ernst & Young’s leadership evidently disregarded the internal reports about the cheating. Perhaps because when people identify so strongly with a group, they’re much more swayed to view the group’s actions positively and accept that group’s norms.
Research by Vanderbilt University’s Jessica Kennedy and colleagues suggests that high-flying people are sometimes more inclined than low-ranking people to adopt what their group recommends, even when it represents an ethics breach. Power sometimes provokes people to so strongly want to identify with their group that they’re willing to overlook when the group’s collective actions cross an ethical line. This affinity is, therefore, urged to sustain transgression instead of stopping its spread, especially when the odds of being caught and punished are slim.
The Man Who Broke Capitalism (2022) by New York Times columnist David Gelles contends that the pernicious greed spawned by former General Electric CEO Jack Welch is exceptionally responsible for exposing the structural failings of capitalism in recent decades.
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The danger inherent in any ideology grows stronger when it starts to thrive because it swiftly morphs into temptation—a voracious appetite for ever better “returns” in the present case. Welch was indeed the most visible catalyst and a much-imitated champion of brutal capitalism. But Gelles’s narrative draws his book’s lengthy subtitle (“How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America”) excessively, thrusting ad nauseam the well-founded thesis against Welch’s ploys and “the personification of American, alpha-male capitalism.” See my previous articles (here, here, and here) about how the faults of Welch’s strategy become evident many years after his retirement.
Gelles does an agreeable job of outlining the socioeconomic paradigm that has made modern western capitalism’s shortcomings ever more apparent. Starting with influential economist Milton Friedman’s decree in the ’70s that the one and only social responsibility of a business is to maximize profits, Gelles explains the revering of Welch’s “downsizing, deal-making, and financialization” strategy. Without balance, it provided short-term benefits for shareholders, but the long-term well-being of corporations and society lost out. A sense of restraint is most pertinent to the power of capitalism.
Capitalism isn’t irretrievably bound to fail, as Gelles rightly argues, but it needs to be rethought. It’s morally incumbent upon the social order to inhibit the embedded incentives that create powerful tendencies towards short-termism. Gelles offers no more realistic, objective insights than the familiar solutions prescribed by our career politicians.
Overall, Gelles’s pro-Fabian polemic falls short of a fair-minded assessment of the epoch’s economic forces. Indeed, many of Welch’s tactics were timely and necessary, but he pushed them farther and longer. Too, Gelles fails to study counterexamples of many corporate leaders who’ve thoughtfully copied Welch’s playbook and helped their businesses and communities prosper, not least because they were restrained enough to avoid Welchism’s blowbacks.
Recommendation: Speed Read The Man Who Broke Capitalism for a necessary reappraisal of the legacy of Jack Welch. There isn’t much eye-opening here, but author Gelles affords a relevant parable about the power of restraint and the time- and context-validity of ideas.