What Not To Do
Mistakes from 2023 & how NOT to repeat them in 2024
The essence of Warren Buffet’s quote, “When the tide goes out, you see who is naked,” resonates profoundly in the tumultuous landscape of 2023. This year laid bare numerous mistakes, yet it’s not these errors that are the most concerning.
Beyond the economic challenges lie issues within our control, plaguing many leaders:
- The Fear of Finding Out (FOFO)
- Decision-making difficulties due to lack or misleading data
FOFO, as cleverly termed by Mark Stouse, exposes a vulnerability among leaders, deterring accountability.
Amidst this, the call for adaptability and foresight has never been louder. This requires problem-solving and it means confronting and learning from mistakes, not for blame but for growth.
After all, mistakes serve as life’s greatest teachers, guiding us toward wiser choices.
This new era we find ourselves in demands more than outdated frameworks; it necessitates understanding nuances and making informed decisions. To succeed, it’s about navigating waves, not battling against them.
And because old playbooks and modes of operation no longer work there is a prevailing feeling of disorientation that is hampering many leaders. This further highlights the necessity to diagnose issues and face mistakes head-on.
However, achieving this requires reliable data—a scarce resource in the chaos. Prioritizing data accuracy, identifying misleading information, and filling data gaps become crucial steps in informed decision-making. This is an issue many leaders are struggling with.
The market and the shifts in the environment we now find ourselves in demand a new mindset—no more guesswork but agility, foresight, and a deep understanding of the landscape. It’s the era of chess, not checkers—anticipation and strategic navigation are key.
With all of this in mind, that is why for the final roundtable of the year we are discussing: What Not To Do: Mistakes from 2023 & how NOT to repeat them 2024.
We will be joined by panelists:
Join us on December 14th, 2023 as we sit down with these industry veterans and learn from their experiences and deep expertise on not only what mistakes were made in 2023, but what we can learn from them and what we can improve upon going into 2024.