Verne Harnish, founder of EO and Scaling UP on playing to WIN vs playing not to lose…
Verne Harnish is founder of the world-renowned Entrepreneurs’ Organization (EO), with over 16,000 members worldwide, and chaired for fifteen years EO’s premiere CEO program held at MIT, a program in which he still teaches today. He first hosted Steve Jobs for his first public speech after he got fired from Apple and at that time reflected on the quote - it's ok to be independent but it's no reason to be alone – that thought prompted Verne to create Entrepreneurs Organisation and the Scaling Up methodology – designed to reduce the drama and chaos in scaling a business. You can learn much more from Verne in this next episode of Sparks by Ignium (#SbI) with Phil Rose.
Verne Harnish is founder of the world-renowned Entrepreneurs’ Organization (EO), with over 16,000 members worldwide, and chaired for fifteen years EO’s premiere CEO program held at MIT, a program in which he still teaches today.
Founder and CEO of Scaling Up, a global executive education and coaching company with over 200 partners on six continents, Verne has spent the past four decades helping companies scaleup.
He’s the author of the bestseller Mastering the Rockefeller Habits; authored The Greatest Business Decisions of All Times," for which Jim Collins wrote the foreword; and wrote Scaling Up (Rockefeller Habits 2.0) which has been translated into 22 languages and has won eight major international book awards including the prestigious International Book Award for Best General Business book. His latest book, Scaling Up Compensation, rocketed to the #1 HR book on Amazon.
Verne also chairs the annual ScaleUp Summits and serves on several boards including vice chair of The Riordan Clinic; co-founder and chair of Geoversity; and board member of the social venture Million Dollar Women. A private investor in many scaleups, Verne enjoys piano, tennis, and magic as a card-carrying member of the International Brotherhood of Magicians.
(Some of) The main points for listeners:
Founder and CEO of Scaling Up, a global executive education and coaching company with over 200 partners on six continents, Verne has spent the past four decades helping companies scaleup.
He’s the author of the bestseller Mastering the Rockefeller Habits; authored The Greatest Business Decisions of All Times," for which Jim Collins wrote the foreword; and wrote Scaling Up (Rockefeller Habits 2.0) which has been translated into 22 languages and has won eight major international book awards including the prestigious International Book Award for Best General Business book. His latest book, Scaling Up Compensation, rocketed to the #1 HR book on Amazon.
Verne also chairs the annual ScaleUp Summits and serves on several boards including vice chair of The Riordan Clinic; co-founder and chair of Geoversity; and board member of the social venture Million Dollar Women. A private investor in many scaleups, Verne enjoys piano, tennis, and magic as a card-carrying member of the International Brotherhood of Magicians.
(Some of) The main points for listeners:
• Entrepreneurs Organisation –
• Entrepreneurs Masters Programme launched 35 years ago
• Mastering the Rockefeller Habits – designed to reduce the drama and chaos that comes with scaling a business
• Scaling Up – revised edition out October 18th
• It’s as much about purpose as it is profit – money is important but to keep employees engaged it’s got to be about purpose to
• Entrepreneurs want to solve a problem they see
• What’s your BHAG? Red Balloon – 1 experience delivered sustainably every second by 2030!
• Do you see chaos drama or opportunity? It’s all about mindset. It’s going to be outwardly chaotic!
• As leaders were expected to absorb fear and exude hope - Greg Brennerman
• Margaret Heffernan – this is the time to be ambitious
• What would Warren Buffet do?
• Figure out how to take advantage of the opportunity:
• ‘Up’ your BHAG
• How can you get more intel to help you?
• Who survives is not the fittest it’s the most adaptable
• OODA loop… can you act quicker and remain agile
• What can you learn from the trends around us today
• What are your strategies around pricing to protect your margins?
• Good better best…
• Consider your compensation plan for your team – especially now at this time of inflation to attract and retain (and link to your pricing!)
• Remember your Gross Margin dollar/£/€ per employee -
• Use daily huddles to share information and learn what’s happening direct from employees and customers
• Do you have the intel daily to enable you to make decisions and have a good gut feeling for your business
• Where is that 10x advantage over the competition
• Thinking 10x means you have to think differently
• How getting a coach makes such a big difference
• What we can all learn from Marshall Goldsmith and why he chose scaling up and the growth institute for his first master course in coaching
• Disciplined People, Engaged in disciplined thought that drives disciplined strategy which drives execution (PSEC) – and that comes from coaching!
• The key to scaling action is technology
• Coaching learning and tech is what drives scaling up
• Be even more bold!
Learn More: visit the Ignium https://www.igniumconsult.com
Subscribe for more exclusive content in the Ignium Spark Tank https://www.igniumconsult.com/the-spark-tank
Listen to the show: https://sparksbyignium.transistor.fm/episodes
Connect with Verne at Scaling Up
Learn more about Scaling Up: https://scalingup.com/
Learn more about the Scaling Up toolkit - https://scalingup.com/growth-tools/
Learn more about the Growth Institute- https://www.growthinstitute.com
Learn more about the Scaling Up Master Business Course - https://www.monkhouseandcompany.com/workshop/scaling-up-master-business-course/
Books Referenced in this episode:
Mastering the Rockefeller Habits: What You Must Do to Increase the Value of Your Growing Firm https://amzn.eu/d/3gSfz0O
Scaling Up: How a Few Companies Make It...and Why the Rest Don't (Rockefeller Habits 2.0) https://amzn.eu/d/a6bMZP2
The Heart of Business: Leadership Principles for the Next Era of Capitalism https://amzn.eu/d/6U9Qzek
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Follow us on Twitter https://twitter.com/malabarman
Keywords in this episode:
Purpose, scaling Up, Scale, Entrepreneur, Success, Rocks, Purpose Driven, Processes, context, Verne Harnish, Secret Sauce, coaching, 10X thinking
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