Distracting Ideas Un-focus CEOs
In this late-night video, I talk about Shiny Object Syndrome, a phenomenon that affects CEOs and business owners. It’s that urge to chase exciting new ideas, even if it means sacrificing growth and profitability for the thrill of the chase.
Shiny Objects are ideas and opportunities that excite business owners and distract them from executing their existing, profitable business model. One of the core ideas of the Entrepreneurial Operating System® (EOS) is to separate the roles of the Visionary and Integrator.
This separation protects the company from the chaos of responding to every new shiny object. The Visionary is all about big ideas and relationships, while the Integrator focuses on making sure the business executes its plan in a disciplined and sustainable way.
The Function Ownership Chart™ can help reinforce this structure by clearly defining who owns each critical function in the business. By assigning ownership, the tool ensures that shiny objects don’t derail the organization.
A Lesson From Puppy School
A few years ago, our family got a couple of puppies for my daughter’s birthday. We soon realized that these puppies needed serious training, so we took them to a dog training school.
The trainer told us that while it was called a “dog school” for marketing purposes, their…