A short story.
‘Small Giants’ goes against everything I have ever heard about business growth, and It provides answers to numerous unanswered questions about how the future of a business can be decided. It reminds owners of the power they have concerning the future of their businesses – the power to CHOOSE – Tosan A.
#BOOK REVIEW: SMALL GIANTS|BO BURLINGHAM|PORTFOLIO|2005|232 PAGES
Small Giants is about a study of companies who deliberately choose to remain ‘small’ (this is relative with respect to their fields and their ability to expand). Bo Burlingham identified a class of companies which did not fit into the popular classes of small, big or very big and decided to do more research of them especially since it was a deliberate and sometimes more active effort on the part of these companies to stay small. He selected 14 companies for his research and organised a field study on these companies, highlighting areas where they are similar and also their differences. Small Giants is the result of this study.
This book felt so real, it literally feels like we are actually on the field with the author listening live to the insightful answers to tough being asked to business owners and their teams – people, you may never meet anytime soon, hearing them tell their stories of how they faced the pressure of deciding when to grow and how fast to grow. I liked the author’s writing style as it was a combination of interesting stories gotten from interviews and the results of a field study of like-minded individuals and businesses. It was an interesting and a thoroughly educative one all in all.
WHAT MAKES A BUSINESS A SMALL GIANT?
- Mojo: The first thing to note about Small Giants is the soul of the business – the mojo. The thing that endears it to its community – customers, suppliers, employees and other stakeholders. The uniqueness about a company that is sometimes inexplicable but is obviously noticeable.
- The freedom to choose: I wouldn’t say this is entirely freedom but more like the responsibility to decide which way to go rather than been automatically led towards growth; deciding whose definition of success are we go by. It involves being intentional about business growth instead of being shaped by outside forces. This is focal point about Small Giants. It is about leaders exercising their rights to chart the future of their company and deliberately choosing not to grow big but to work at being excellent at what they do and enriching the lives of those in and around them – their physical and psychological environment.
Companies choosing to remain small rather than dilute ownership; companies who choose to maintain independence and control on the type of business that they become without much external input; businesses that choose to be champions in one geographical area rather than nobody in the world scheme of things; Businesses that care about quality, excellence, and heightened customer satisfaction; Companies that care about their roots and community – Small Giants
- The culture of intimacy: Small Giants have very close ties with their communities which is very different from the usual corporate responsibility but one that is mutual in that both parties benefit from each other whilst also helping each other. There is also a high level of understanding and mutual affection among employees in the workplace where they are endeared to the business and not coerced to function. These companies have values that permeate through almost every sphere of their business which are very clear to all stakeholders.
WHAT COMPELS BUSINESSES TO GROW?
Some pressures that business owners have to overcome or yield to as the business unfolds:
- Socio-economic/ psychological: Everyone just assumes businesses are birth to become multinationals and make comments and/or push business owners towards that direction.
- Owner’s personal ambition: This could easily be a fallout of the above point; when the society has expectations of you, it easily guides your personal goals for growing your business
- Suppliers: As suppliers grow, they expect you to grow with them and align you with their growth plans.
- Competitors: Being small sometimes mean that you lose your voice in the midst of bigger competitor because you are not big enough to be heard. You could also be downtrodden if you are too small to withstand the impact of the elephants in your field.
- Opportunities: Opportunities that come in earlier than planned.
- Employees: After having being round most units and stayed in the business for long, your best employees cannot see a growth path for their careers; when you stay small.
- Customers: when your clients expect you to provide your unique solution to wherever they may find themselves in future (geographic) or to expand your products to meet their basket of needs (product expansion).
THE FUTURE OF SMALL GIANTS: Whilst Small Giants face the issue of effective succession since most of all the distinctness, excellence and mojo could be lost during the transition if bought or passed down to future generations; they are everywhere making impact on their community at large. They are around us, among us and growing with us if we only just looked a little closer.
Tosan’s take: I thoroughly enjoyed this book! You know when you just see a book that talks about all you have been trying to express but you seem to be alone on it. This is what Small Giants means to me. I have always asked my team the question – Should we strive to be Big or should be strive to be profitable? Although in our volume driven sector, this answer is not that straightforward, but this just goes a long way to validate my concerns in managing my business. Every business owner concerned about excellence or wants to maintain the original reason why they started the business should definitely read this book. For growing business owners out there, remember bigger isn’t always better.
As a kid, this was one of the first essays of many to come, where you would describe yourself complete with your likes, dislikes and hobbies. Now, this has been upgraded to terms like your profile, your bio among others. Only this time the focus is on more professional and educational achievements not the individual per se. Continue reading “Describe yourself.”
It’s the end of January, the first month in 2017. It’s been an interesting and challenging one especially since I decided to post weekly this year. All I can say, One month down, 11 to go. I expect to be a guru at this at the end of the year.
Thanks to the blog’s followers and readers who support and encourage me to keep at it. I invite you to continue on this journey with me and invite friends to come on as well; it will be worth their time.
Here are the blog posts in January,
- How social are you?
- How to move from Point A to Point B.
- Creating your Life purpose statement
- 100% LIFE IMPROVEMENT
I enjoyed the reactions from how social are you? As many wondered where I got all those names from as they searched through. I enjoyed reading Jack Canfield’s book – in how to get from point A to point B. I hope everyone has tried creating their life purpose statement so we can move on to reading it daily. Remember, it may not be perfect the first time. 100% LIFE IMPROVEMENT was a reinforcer and spiritual reminder that we have to play our parts, then we can let God do the rest.
So if you missed any, help yourself to the list above and follow the blog via email so you never miss another.
Welcome to February, the month of love… well, so they say. It promises to be an interesting one with 2 business books to be reviewed, a short story and a random/related post.
The only confirmed book for February is
- SMALL GIANTS by Bo Burlingham – 10th February
The second will be confirmed later.
#BOOK REVIEW: 100% LIFE IMPROVEMENT VOL ONE| MATTHEW ASHIMOLOWO| MATTYSON MEDIA| 2007| 186 PAGES
Being clear about why you were created and where you are headed would really help you stay focused in a world where there are lots of opportunities and options available to either pull or push you. Your purpose serves as your road map through life – Tosan A.
We are always looking for complex answers to our desire to change or achieve better results, maybe because we feel our needs are either complex or we just want to have access to the excuse that it was too complex that was why we could not achieve the desired changes. The latter may be why when we see simple answers, we are upset that the answers undermine our problems. Jack‘s recommended success principles are so simple that we could choose to either ignore them or just get into it right away – Tosan A.
2017 outlook for Tosansreviews
Here’s welcoming everyone into the new year. HAPPY NEW YEAR! A toast to freshness and new possibilities.
In the spirit of new starts, I have introduced some newbies on the blog and thought to keep you updated.
1stly, I am increasing posts to weekly! That’s a minimum of 4 posts a month! Yayyy! I hope you are as excited as I am! #stretchingin2017
2ndly, I’m introducing related and random posts. So many times, the books leave me in such high spirits or gives takeaways, which can’t all go in to the book review. That’s where related posts come in.
Random posts are just the opposite and as they sound – random. This could also be short stories.
3rdly, I am going to put up the names of the two books to be reviewed in each month on the 1st day of each month to get you all on the reading journey so we can read together and also share more views on the same book.
NB: Book reviews will be on the second and last week of each month.
I look forward to having your company on this interesting ride. Remember to invite others and follow if you are not already doing so.
2017 here we come!
BOOKS TO BE REVIEWED IN JANUARY
- HOW TO GET FROM WHERE YOU ARE TO WHERE YOU WANT TO BE – JACK CANFIELD
- 100% LIFE IMPROVEMENT – MATTHEW ASHIMOLOWO
I’m awake at 3am, Dec 25th 2016, because my son was thirsty, now I can’t go back to sleep, so here I am to drop a timely thought.
What does Christmas mean to you? This question is asked to guests at our Church’s Christmas carol every year. This year, I am asking myself the same question as part of the reflections that I usually have at this time of the year. Continue reading “What does Christmas mean to you?”