I recently had the pleasure of listening to Brian Tracy conduct a teleconference call on the subject of leadership. During his presentation, he suggested that there are two types of entrepreneurs: those that are constantly upgrading their knowledge and skills and striving to move forward and those that are coasting. As he finished this statement, he reminded listeners that there is only one direction in which you coast. It occurred to me that not only do you coast downhill but you would also be going backwards!
The above reminds me of the following quote from John Kenneth Galbraith:
“People are the common denominator for progress. No progress is possible with unimproved people”
In my past corporate life, the funds needed to upgrade our knowledge and skills frequently seemed to be a discretionary line item in our budget. I don’t recall that much energy went into discussing the skills and knowledge that our organization would need to possess in the future. Perhaps there was a product bias that caused us to believe that our product portfolio was strong and that it was the primary source of our differentiation. I don’t know.
With the benefit of hindsight, I would argue that a strong link must be made between training and the business objective of achieving sustainable differentiation between you and your competition. The source of differentiation is people based and if you subscribe to Galbraith’s statement about progress, then you need to think carefully about the training required in your organization.
After all, if coasting downhill isn’t frightening enough, try doing it backwards!