Are We Smart Enough?

Complacency is a dangerous disease. It’s forever affected General Motors, Kodak, Microsoft and Blockbuster. And it is a widespread addiction amongst Alberta companies.

Why?

Because things are good. Why change? Why invest? Why try harder … when you can just sit back and enjoy the prosperity that comes from underlying economic growth?

Look at your own organization. Look at yourself. What are you investing in today that will allow you to reap dividends in 2-3 years or 5-7 years?

These are important questions, and they are the questions every Albertan should be asking every day. They are the questions that we will explore at E-Town (www.e-town.ca) next week, and it is important that you invite yourself to the conversation. Here’s why (true stories from the past week):

Me: Is your team coming to e-town this year?
CEO: It looks fabulous, but we’re too busy working too hard.
Me: Is working harder your competitive advantage?
CEO: Ummm … shut up.

Employee: I’d like to attend e-town this year. It only costs only $399.
Boss: What will you learn?
Employee: Technology, leadership and creativity trends affecting our business.
Boss: I don’t think those are our priorities right now.

Do these stories sound familiar? Are we simply trying to win by working harder? Or is it time we start thinking about competing by being smarter than your competition? One of our speakers, Estelle Metayer, focuses solely on this topic, and I’m probably looking forward to her session the most.

Why?

Because it strikes at the heart of our economic future. And you can’t afford to miss it.

Register yourself and your employees at www.e-town.ca.

Thank you.

Strength Become Weakness

Great companies evolve. Great people evolve. Great institutions evolve. Apple Computer has evolved. James Bond has evolved. LEGO has evolved. Bill Clinton has evolved. Hell, even Earls Restaurant has evolved.

Good organizations are built on strengths, but great organizations understand that those very strengths soon become their weakness, and they need to evolve in order to get to the next stage of growth.

Are cities any different? Let’s look at Edmonton.

Strength: a humble city of entrepreneurially thinking people and quietly profitable businesses that rally around any community initiative and provide anonymous donations to capital campaigns.

And …

Weakness: a humble city of entrepreneurially thinking people and quietly profitable businesses that rally around any community initiative and provide anonymous donations to capital campaigns … that doesn’t like to bring about any overt attention to its successes, yet wants to change its external image and become a destination for new businesses, residents, tourists and investment.

Yikes!! Could Edmonton’s humility be getting in the way of achieving its next stage of success? Does Edmonton and Edmonton-based firms truly understand marketing? Are Edmontonians ready to move from introvert to extrovert?

I suggest that we collectively need to invest in marketing in order to jump to the next curve … and by collectively invest, I mean starting with a serious look at our individual marketing budgets and ask the following questions:

• Are you spending a minimum of 1% of revenues on marketing (marketing, not sales)?
• Are your events held in public places and considered remarkable (worth remarking about)?
• How many stories in the press/media do you get every year (telling your story)?
• How much, and in what, are you investing to recruit new employees (and how many)?
• How do you celebrate your philanthropy to build your brand (community marketing)?

These questions are tough to answer for many Edmonton-based organizations, and will be the topic for subsequent blogs over the next month. This is a topic that is critical to our collective success, as the Edmonton story is simply an aggregate of our individual stories … corporate, institutional, personal, community or charitable. There are many things that we can do individual level, and there are many things we can do in the collective.

But be prepared to become more extroverted. We all need you to be.

Dare to re Discover

Eras are often defined by the visions of leaders: the Carnegie era defined the important connection between industrialist and philanthropist; the Kennedy era defined the culture of US risk-taking by charting a path to the moon; and the Jobs era defined unlimited innovation with the interdependence of technology and humanity.

Whether those leaders are local, global, political, industrial, dictatorial or libertarian, leaders with commanding visions define their eras.

On a local level, we had the Stephen Mandel era, the Cal Nichols era, the Don Lowry era, the Tony Franceschini era, the Dave Mowat era, the Indira Samarasekera era, the Shelia Weatherill era and the Ross Grieve era … all different leaders that left their mark in different ways.

What is important to note is that they all progressed their causes and left their mark. Leaders have to leave a mark … have to move their organizations forward … or they are often forgotten as part of “a lost decade” era … and that is a tragedy of leadership, especially when that leader was brought in specifically to steward a public-facing organization in a defined direction.

The University of Alberta is in need of an era … and it has the opportunity to define its next decade with the selection of a leader that heightens the vision, determination and relevance of this amazing institution. Our university has the opportunity to select a President that has the following:

– Clear vision for campus development focused on enhancing the student experience;
– Understanding of our industrial and societal needs for entrepreneurial graduates;
– Capability to engage alumni, to build pride in the community and to raise capital;
– Clarity of expectations for research & teaching excellence across core faculties; and
– Ability to align all Deans to one vision, one voice, one goal … of being the best.

If we get it right, that leader will not only define the next era for the University of Alberta, but also for the City of Edmonton and the Province of Alberta. If we dare .. strive … and take risks … it will be a defining decade for all. The combination of our K-12 System, NAIT, MacEwen, NorQuest and University of Alberta has the ability to position Edmonton as the place with “the Brightest Kids in the World” and the University of Alberta is a critical cornerstone of that reputation.

So let’s Be Bold. Dare to Discover. Be Indisputably Recognized. Be a Leader.