Opportunity

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Innovation

What Great Companies Do That Others Won't

Great companies are not defined by size or market share. They find opportunity in unlikely places, balance structure with entrepreneurship, protect their focus and pursue significance.

By Glenn Llopis

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4

min read

What Great Companies Do That Others Won't, an article by Glenn Llopis

Some companies seem to move differently from everyone else in their industry. They are not always the largest or the best funded. But they consistently see opportunities sooner, adapt faster and earn a kind of loyalty their competitors envy.

What separates these organizations is rarely a single product or strategy. Over three decades advising Fortune 500 teams, I have found that it is a set of disciplines they practice consistently, especially when everyone else is doing the opposite. Four of them stand out.

1. They Find Opportunity in Unlikely Places

Most organizations compete in the same crowded spaces as everyone else. They chase the same customers, copy the same features and fight over the same talent. Great companies look where others refuse to.

They take on projects others consider too complex. They create new experiences for customers instead of improving old ones at the margins. They look for talent that others have overlooked or dismissed, and they give those people room to prove what they can do. They treat unmet needs, unserved customers and unconventional ideas as signals worth investigating rather than noise to be filtered out.

The discipline pays off more as sameness gets cheaper. When AI makes it easy for every competitor to produce similar products and content, the advantage goes to organizations that see what others miss. That starts with leaders who believe every problem is an opportunity in disguise.

2. They Are Structured, Yet Entrepreneurial

Great companies do not choose between discipline and innovation. They hold both. They set clear performance goals and run operations with rigor. At the same time, they trust their people to think like entrepreneurs.

That balance depends on respecting different ways of thinking. When people with distinct backgrounds, experiences and perspectives are free to contribute, unexpected connections happen. Different thinking creates serendipity, and serendipity creates breakthroughs that no planning process could have scheduled.

The organizations that get this wrong usually lean too far in one direction. Too much structure and people stop taking initiative. Too little and good ideas never get executed. The best leaders design structure that gives people freedom, not structure that takes it away.

3. They Don't Let Distractions Cloud Their Focus

Focus is not the same as tunnel vision. Great companies stay focused on what matters most while constantly scanning for shifts in the marketplace. They anticipate change instead of reacting to it.

A Wall Street analyst I know once stood in front of a room of executives at a beer industry conference and told them they were no longer in the beer industry. They were in the "mood management business," competing with every small business, app, product and service that puts people in a positive mood. Afterward, in one-on-one meetings, he asked each company a single question: Do you have the right people to lead in the mood management business?

That question exposes the real risk of success: "when we don't reinvent, we actually forget what industry we're in."

Staying focused means asking hard questions regularly. What are our customers starting to expect that we are not yet delivering? Which assumptions about our market are no longer true? Leaders who make these questions routine are far less likely to be surprised.

4. They Seek Social Significance

Great companies understand that their platform gives them the ability to make a difference beyond their balance sheet. They use their resources, relationships and expertise to address real problems in the communities they serve.

This is not public relations, and it is not a line item in an annual report. People can tell the difference between a company that pursues significance and one that performs it. Employees in particular want to work for organizations whose impact they can be proud of. When significance is part of the strategy, it strengthens loyalty inside and outside the organization. It also gives people a reason to stay committed through the difficult seasons, when a paycheck alone would not be enough to hold them.

Look Where Your Competitors Won't

  • Hold an unlikely-places review. Once a quarter, ask your team to identify one customer group, market or talent pool the organization has been ignoring.
  • Audit your structure. List the processes that help people execute and the ones that only slow them down. Remove at least one of the latter.
  • Schedule a blind-spot conversation. Invite people from the front line to tell leadership what is changing that leadership has not noticed.
  • Connect work to significance. Make sure every team can explain how its work contributes to something larger than revenue.

Great Is a Choice

None of these disciplines require a larger budget or a famous brand. They require leaders who are willing to look where others will not, to trust their people, to stay alert when things are going well and to measure success by the difference they make.

The companies that stand apart from the crowd made those choices deliberately, and they keep making them. The good news is that any organization can start. And if you are not sure where to begin, watch for the signs of complacency in your own success.

Want to explore these ideas further? Learn more about my work on leadership, identity and conviction at www.theglennllopis.com.

Glenn Llopis

Founder and CEO of Glenn Llopis Group, author of seven books and creator of Leadership in the Age of Personalization.

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