On October 20, 2016, Sue Bethanis hosted Terence Mauri, a highly regarded leader speaker, author, and Entrepreneur Mentor In Residence (EMiR) at London Business School. He is an Inc. Magazine columnist, and advisor to executives and entrepreneurs around the world. Terence discussed his new book, The Leader’s Mindset: How to Win in the Age of Disruption, and spoke with Sue about how to inspire new leadership thinking to help you disrupt your industry, your organization and, ultimately, yourself.
Favorite Quote:
“If we are lucky, we get about 960 months (80 years) on this planet. Use that number as an energizer. We often accommodate what we should not accommodate for far too long.”
Insights:
Disruption is a word that can easily lose its meaning. Disruption means thinking and doing what others are not doing. Every disruption is innovative by virtue of it being a disruption, but not every innovation is a disruption. An innovation is an incremental improvement, where a disruption is when you do something big and bold that is 10x different or 10x faster. Many companies are still doing things the old way. According to Mauri, “It is time to upgrade, let go, and refresh.”
Thinking Big Mindset – Most of the time we think too small and think in incremental change. Thinking big is about imagination. Thinking big is also about acting small (disciplined) to execute on the details. The big problems that exist in the world are not going to be solved with incremental thinking.
Acting Bold Mindset – To get ahead you need to have courage and resilience. You need Sisu – a Finnish word that means resilience, courage, and fierce tenacity. It is a mental toughness that happens in the face of adversity. Acting bold is also about having a voice and having the confidence to speak up. We can teach that by modeling that behavior. You need to give others permission and a signal that they have a duty of care and responsibility to speak up when they have an opinion, idea or contribution to make. That is how we grow and develop as a society. People are more courageous when they have a clear purpose and passion in life.
Learning Fast Mindset – The speed of change is breathtaking in the age of disruption. Unless you are constantly learning you are going to become the status quo very quickly. The learn fast mindset is about becoming more comfortable with being uncomfortable. Reading, connecting, networking, putting yourself in new situations, and asking yourself – When was the last time I learned something new? You need to be passionate about your business and industry and the trends that are both exciting and scaring you. Learn fast is a survival skill in the age of disruption.
On Moonshot Thinking – Moonshot thinking is about reimagining the future and trying to think 10X bigger rather than 10% bigger. The idea is to disrupt your thinking and take yourself out of the status quo. You need to shift your perspective so you can have the breakthrough ideas. Moonshot thinking demands you to rethink assumptions about what is possible. If you don’t have a strategy for changing the status quo at a personal or professional level you end up becoming it.
The 3 Box Tool for Disruption
- Box 1 – Is about optimizing the present. Putting your best foot forward and doing the basics brilliantly. That’s what we are good at and where we spend most of our time.
- Box 2 – Is about selectively letting go of the past. Let go of things that are holding you back. We need to be more courageous in doing this.
- Box 3 – Is about creating the future. You need to have a plan and vision for your future. This is very difficult because we live in a time of constant noise and distraction. Too much information can lead to a poverty of attention. We have an attention crisis. Most managers and leaders struggle to focus on what matters every day.
What we found most interesting:
“Most successful people are self-confessed failure pioneers.” They are adept at failing faster and using failure as a learning tool. Failure is not the opposite of success; it is the stepping stone to success. Failure is a fundamental part of innovation and creativity. We need to look at failure as a way to get a step closer to success.
To learn more about Terence Mauri and his thoughts on disruption, listen to the WiseTalk recording.
