Going For Gold
February 21, 2010
Don’t bother just to be better than your contemporaries or predecessors. Try to be better than yourself.
– William Faulkner
I can imagine this quote running through the minds of Olympians. They need to push themselves to their own limitations to have the best time, race, jump, game or performance of their athletic careers. They have to perform without information on their competitors. What was enough to win in the last Olympics will not help them win the current title of Gold medalist.
If what it takes to win gold is finding out what you are capable of and then striving to achieve it, then why do most people and companies focus so much time and money on comparing themselves to others? Yes, I’m talking about benchmarking.
Instead of spending time and resources comparing the company to others, perhaps more time should be spent finding out just how much hidden opportunity and capacity lies within. One of the biggest ah-ha moments shared from Boot Camp is the realization that the potential of their own company far exceeds not only what they thought was possible but also what the competition is capable of delivering.
The journey to business innovation and excellence starts with knowing just how well, or how poorly, the company is doing today. Then look at how the company could be if it’s potential were reached. Probably a lot better than how the competition is doing today. Apply the resources to systematically achieving this potential – the company’s personal best – and the focus on the competition doesn’t matter anymore. They will be struggling to keep up.
We look up to Olympic athletes for their focus, determination and dissatisfaction with every performance. They strive to set new records, standards and create new possibilities. They push to outperform themselves. So why don’t we do the same with the companies we lead? Stop benchmarking against others and start comparing our organizations to their own potential.