flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

Significance of the Explorer’s Mindset for Breakthrough

Editor's Note: Take a look at our featured best practice, Growth Strategy (41-slide PowerPoint presentation). The reality is: all businesses face the challenge of achieving sustainable Growth. They need viable Growth Strategies. So, what is Growth Strategy? It is the organization's high-level Corporate Strategy Plan that outlines everything the organization needs to do to achieve its goals for [read more]

Also, if you are interested in becoming an expert on Strategy Development, take a look at Flevy's Strategy Development Frameworks offering here. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can you stay ahead of the curve. Full details here.

* * * *

I have been to the beautiful Canary Wharf of London million times with the DLR (the automated Docklands Light Railway) or walking there from Greenwich Village. Still, every time I go I discover new angles and settings and in many instances they are more beautiful than the ones I have seen before. This does not happen by coincidence all the time, but it is always my drive to use new routes or to discover new angles I did not see before, and indeed to discover new possibilities, new opportunities, and new treasures. The trick to discover new places is to have the drive and focus to do so and to be adventurous–and to be ready to get lost while discovering.

Besides the discovery of new opportunities and new paradises,during exploration, all such new venues are usually very inspiring to the creative mind, irrespective of the actual find. This explorer’s mindset is about the quest for new experiences and about embracing the new and not fearing it. It is about constant learning inspiring you to transform and to renew. This explorer’s mindset is conducive to a quantum leap–you will discover and learn a lot of new things, making a quantum leap that much more attractive and feasible.

Canary wharf is a manmade beauty with unique architecture and harmony between buildings, green, and water. It is one of the UK’s two main financial centers, along with the traditional City of London.

Canary Wharf Estate is not huge and spans only some over 97 acres (some 40 hectares = 400,000 square meters) and contains some 14 million square feet of office and retail space (1.3 million square meter). It has some of the tallest buildings in the UK, such as the One Canada Square skyscraper.  It has also some of the most beautiful buildings in the country, such as 25 Cabot Square (completed in 1991). It has also very unusual beautiful settings like the Crossrail Place Roof Garden and which I have discovered only recently despite the many visits.

A lot of property development is taking place in the country, but especially in Canary Wharf, with equal thrust on residential buildings. Hence, things are changing in Canary Wharf and I have discovered only recently different settings where heavy construction work is taking place.

About the Explorer’s Mindset

The explorer’s mindset is about the love of 1-U_Jna5AG1tiOrNcYlCtUXgadventure, exploration and getting inspired by new discoveries. No breakthrough or quantum leap change can be achieved without this mindset. This relevance is more pronounced for rapidly changing and volatile environments, where disruptive developments and innovations have become the norm of the day. This mindset is needed even for the actual formulation of strategy of a startup, diversification, merger or any major change in direction of an SME or a corporate setting. Formulating strategy is an adventure in itself, and strategy should be also in the spirit of exploration of the unknown constantly: it is a journey of exploration and change into the unknown. You should not be satisfied with what you already know or have but you should discover new things, new territories and new potential, and use also this knowledge for inspiration.

Learn and experience new things like IBN BATTUTA (1302 – 1377) or VASCO DE GAMA. It is about the love of the unknown, similar to an expedition to the North Pole or to the center of the earth or a treasure hunt in the depth of the sea. It is about discovery, adventure, risk taking, positive thinking, crossing the boundaries and researching far beyond. You are on a quest for a better opportunity, for a new paradise.

You should be confident there are million paradises out there waiting to be discovered or even created. There are definitely many paradises out there you do not know about; they are scattered in million places you have not been to. There are million things you do not know about, but also million companies you have not seen. There are millions of opportunities you have not yet identified.

New experiences stimulate your creativity and help you transform. It is a journey of self-discovery, indeed when the new experiences are linked to your passion. It is a process of constant learning. There is usually no straight line to your goal, and there are many changes and adjustments of direction along the way.

Turning the Mindset into a Habit

It is important to turn the explorer’s mindset into a daily habit, although this requires ample practice. It is crucial to embrace a mindset with all the senses, visual, audible etc. You can also embrace a combination of mindsets, simultaneously or in succession.  You should allocate as CEO, top manager or even middle manager half a day or one day in the week to the exploration of the unknown, be it in another industry, location, technology or people. Explore also what is changing in the landscape. You should look always beyond the visible boundaries. You can just go on some wild expedition in your industry, e.g. some conference or exhibition, or visit a new country or a new plant, for the sake of exploring and just to discover new things. It does not have to make business sense initially. Try new approaches all the time and stay away from the usual and routine.  You can also focus on a specific mindset for some 15 minutes before going to sleep. This mindset will be more reinforced in the subconscious during the sleep and connections with your strategy can be made even while you are dreaming. You will also wake up with the fresh mindset ready for action. You should practice and practice and live the spirit too. Even when you go for a walk try new routes and places.  This will become a habit with time.

A Combination of Mindsets Is Needed

Attaining a breakthrough and making a quantum leap into the future are not realizable without the right mindsets in place. This will provide the booster to be more daring and more creative and to achieve more. It is very difficult to make a quantum leap without the explorer’s mindset. Although this mindset is indispensable for making a quantum leap, i.e. a radical move, it is not sufficient for success; there are other mindsets involved in the making of a successful quantum leap. Are you in the right mindsets for a quantum leap?

It is crucial to have the mindsets in place before the start of the strategy formulation process or the launch of your new startup project. If you do not have the right mindsets then it is better to postpone your thinking and decisions till you have them.

25-slide PowerPoint presentation
This presentation introduces a framework for entrepreneurs to use when building and navigating their business from a nascent, startup state to an enterprise with a global footprint. This framework, called the 5 Stages of Business Growth, is based on the fact that all businesses experience common [read more]

Want to Achieve Excellence in Strategy Development?

Gain the knowledge and develop the expertise to become an expert in Strategy Development. Our frameworks are based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. Click here for full details.

"Strategy without Tactics is the slowest route to victory. Tactics without Strategy is the noise before defeat." - Sun Tzu

For effective Strategy Development and Strategic Planning, we must master both Strategy and Tactics. Our frameworks cover all phases of Strategy, from Strategy Design and Formulation to Strategy Deployment and Execution; as well as all levels of Strategy, from Corporate Strategy to Business Strategy to "Tactical" Strategy. Many of these methodologies are authored by global strategy consulting firms and have been successfully implemented at their Fortune 100 client organizations.

These frameworks include Porter's Five Forces, BCG Growth-Share Matrix, Greiner's Growth Model, Capabilities-driven Strategy (CDS), Business Model Innovation (BMI), Value Chain Analysis (VCA), Endgame Niche Strategies, Value Patterns, Integrated Strategy Model for Value Creation, Scenario Planning, to name a few.

Learn about our Strategy Development Best Practice Frameworks here.

Readers of This Article Are Interested in These Resources


186-slide PowerPoint presentation
This presentation is a comprehensive collection of Key Performance Indicators (KPI) related to Corporate Strategy. A KPI is a quantifiable measure used to evaluate the success of an organization, employee, or process in meeting objectives for performance. KPIs are typically implemented [read more]


 
104-slide PowerPoint presentation
 
 
76-slide PowerPoint presentation

About Dr. Stephen Sweid

Dr. Stephen M. Sweid, founder of Cinnosys, is a business and innovation consultant and trainer, with over 20 years consulting experience on the international scene: Europe, USA, Middle East, and Far East. He has involved as expert consultant in technical assistance projects of international organizations as well as in consulting projects commissioned by multinationals. He is also an author on Flevy, specializing in breakout strategy methodologies: view his documents here.

,



Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]

  This 48-page whitepaper, authored by consultancy Envisioning, provides the frameworks, tools, and insights needed to manage serious Change—under the backdrop of the business lifecycle. These lifecycle stages are each marked by distinct attributes, challenges, and behaviors. [Learn more]

We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]

  We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  

The Flevy Business Blog (https://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most of our articles are authored by management consultants and industry executives with over 20 years of experience.

Flevy (https://flevy.com) is the marketplace for business best practices, such as management frameworks, presentation templates, and financial models. Our best practice documents are of the same caliber as those produced by top-tier consulting firms (like McKinsey, Bain, Accenture, BCG, and Deloitte) and used by Fortune 100 organizations. Learn more about Flevy here.
  


OUR CORE OFFERINGS
Flevy Marketplace: Top 100
· Strategy & Transformation
· Digital Transformation
· Operational Excellence
· Organization & Change
· Financial Models
· Consulting Frameworks
· PowerPoint Templates
FlevyPro (Subscription Service)
KPI Library
Streams (Functional Bundles)
Flevy Executive Learning (FEL)
PowerPoint Services

FREE Resources

About Flevy
Management Topics
Marcus (AI-Powered Consultant)
Partner Program
LinkedIn Influencer Marketing
FAQ / Terms / Privacy / Blog
Contact Us: support@flevy.com



CONNECT WITH US!
       
TOP 100 TRENDING TOPICS
Acquisition Strategy
Agile
Analytics
Artificial Intelligence
Balanced Scorecard
Best Practices
Big Data
Breakout Strategy
Business Continuity Planning
Business Plan Financial Model
Business Transformation
CMMI
COBIT
Change Management
Cloud
Communications Strategy
Company Financial Model
Competitive Advantage
Competitive Analysis
Consulting Frameworks
Continuous Improvement
Core Competencies
Corporate Culture
Cost Reduction Assessment
Customer Experience

BROWSE BY FUNCTION
Strategy, Transformation, & Innovation
Digital Transformation
Operational Excellence and LSS
Organization, Change, & HR
Management Consulting

Customer Journey
Customer Service
Cyber Security
Data Privacy
Decision Making
Digital Marketing Strategy
Digital Transformation
Digital Transformation Strategy
Due Diligence
ESG
Employee Engagement
Employee Training
Enterprise Architecture
Growth Strategy
HR Strategy
Hiring
Hoshin Kanri
ISO 27001
ITIL
Information Technology
Innovation Management
Integrated Financial Model
Kaizen
Kanban
Key Performance Indicators

ADDITIONAL RESOURCES
Business Strategy Frameworks
Case Studies
Consulting Training Guides
COVID-19 Trend Data
Digital Transformation
Financial Advising Services (FAS)

Knowledge Management
Leadership
Lean
Lean Manufacturing
Logistics
M&A (Mergers & Acquisitions)
Manufacturing
Market Research
Marketing Plan Development
Maturity Model
McKinsey PowerPoint
McKinsey Templates
Operational Excellence
Organizational Change
Organizational Design
Performance Management
Post-merger Integration
Pricing Strategy
Process Improvement
Process Maps
Procurement Strategy
Product Launch Strategy
Product Strategy
Project Management
Quality Management


Free Resources
KPI Library
Lean Management
Lean Six Sigma Training Guides
Marcus Insights
Operational Excellence

Real Estate
Remote Work
Restructuring
Risk Management
Robotic Process Automation
SWOT
SaaS
Sales
Scrum
Service Design
Six Sigma Project
Social Media Strategy
Strategic Planning
Strategic Thinking
Strategy Development
Supply Chain Analysis
Sustainability
Target Operating Model
Team Management
Total Productive Maintenance
Value Chain Analysis
Value Creation
Value Stream Mapping
Visual Workplace
Workplace Safety


Product Strategy
Small Business Owner
Startup Resources
Strategic Planning
Strategic Planning Process
Value Innovation Strategy


© 2012-2024 Copyright. Flevy LLC. All Rights Reserved.