Join us in this episode as we discuss the biggest room in business. It's not what you think. In fact, it may be more about what you are not thinking about that provides the best opportunity for improvement.
We are excited to discover, with you, the key commonalities and best practices that allow both public and private organizations from capital intensive industries to become stronger at managing their assets over time.
Learn more at: www.durablecapitalindex.com
Ben Parker:
Today, we're going to talk about the biggest room in business. Welcome to the Durability Podcast. This is for those that are passionate about helping their organizations plan and prepare for the inevitable future. My name is Ben Parker, management, consultant, chemist, creator, entrepreneur, co-founder and member of the Durable Capital Group. I'm excited for you to join me as we discover what successful organizations do to build long-term durability. We explore the tactics and strategies that allow great organizations to combine the financial wisdom of asset management, the practical street-smarts of the maintenance subculture, with the real world paranoia of managing risks to ensure their organizations last. We uncover what great leaders are doing from all types of capital intensive industries to make a decisions, build strong management teams, and prepare to meet the future in whatever form it comes. This is the Durability Podcast.
Welcome back everyone to the Durability Podcast. And, I'm excited today because we're going to talk about the biggest room in the world. Famous quote by Helmut Schmidt, he was like the Prime Minister, Chancellor of the Federal Republic of Germany, West Germany, from like the 70s into the early 80s. And, he is attributed to talking about the biggest room in the world, which happens to be the room for improvement. And, I heard this, this week on another venue, and I just was reminded of this concept. So, as we close out this 2020 year, many of us found ourselves in positions where we could see with newer eyes, the things that needed to be focused on. And, it's been very effective at helping realign priorities, looking at how we operate both personally and as a business, and working with a number of businesses has been very telling in terms of what areas are weak and what areas are strong.
And, it's always in times of hardship, in times of crisis, where we see a lot deeper some of those things that we truly need to focus on. And, it has been remarkable how businesses as a whole, and we all know businesses are made up of people, and people as a whole, when they get to a place of comfort or complacency, it's very hard for our brains to think outside the box. And a lot of times, it's circumstances that change our thinking that help us to either progress, or trap us into places where we wish we would have had an option. And so, the quote of the year, I think at least for this week, and maybe even today, this may change tomorrow, we'll see. There's a lot of good quotes out there. But, "The biggest room in the world is the room for self-improvement," is very practical for this time and this day and age.
So, as you look at building a long-term durability into your business, think about those things that you have learned this year that you were able to pinpoint and focus on, that we need to improve in that area. And it's very clear, those who stay hungry or understanding for true learning, for their ability to change and improve their organization, those that stay relentless at being focused on evaluating risk, on improving their teams and helping people grow to the next level, whatever that is for them, as well as an organization, what those next things are that are, you're able to build into your management practices, into your operations, into your finance decisions, there's a tremendous amount of opportunity if you look for it.
And then, it becomes a matter of prioritization and execution, which are also important factors in growth. So, food for thought this week, and let everybody out there who's focused on the long-term building durability into their teams, into their organizations, continually focus on this wonderful thing called improvement. That's all for now. Have a fantastic day. Hey everybody, I just wanted to share with you something that has been super effective at helping organizations to really kickstart the conversation around how they're going to build long-term durability into their management practices.
And, if you stop what you're doing right now, and go to ww.durablecapitalindex.com, that's durablecapitalindex.com, you can sign up to take a very special assessment. This is the Durable Capital Index Assessment. It's a baseline assessment, and it'll show you exactly where you're at currently with fundamental best practices for building durability. And, it will give you a very detailed feedback report that you can take and share with your team. So, if you go to ww.durablecapitalindex.com, sign up, take the assessment, and share with your team, and really start that conversation around building long-term durability into your organization.