126: Why Senior Executives Struggle to Simplify their Business

The World Class Leaders Show

Something Andrea consistently notices when working with CEOs and their teams is the notion of complexity. That is, how and why our understanding and definition of complexity differ and why so many CEOs and professionals overcomplicate their business. In this episode, Andrea explores the many reasons behind creating complexity and talks about how to recognise and see the simple and often much easier solution right in front of you.

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KEY TAKEAWAYS

• Some individuals can appear ‘addicted’ to complexity. There are often simple solutions in front of them but they can’t see them.
• CEOs and owners can have the tendency to overcomplicate their business.
• One reason someone may overcomplicate is due to fear of failure.
• Risks are much more transparent in the modern world, everything is seen and tracked, and every decision matters, which can prevent CEOs and leaders from taking risks.
• Often the reaction to fear is to assert control, which means making decisions for tasks and areas where they aren’t the expert.
• Success isn’t about measuring everything, but measuring what matters.
• Complexity is the enemy of growth. Stop overcomplicating things and instead work to find simple solutions to drive growth.

BEST MOMENTS

"When we all talk about complexity we all have different meanings as well as definition and the implication of that into the business”

“Some executives are scared to take risks”

“They’re more afraid, so they try and control every area of the business as a consequence of that”

“It’s really fear bringing more complexity”

“Go simple, simplicity is the way to drive growth”

VALUABLE RESOURCES

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ABOUT THE HOST

My name is Andrea Petrone. I'm a Human Performance and Leadership Advisor, Executive Coach and International Speaker. I help leaders and their teams to change their mindsets and master their leadership capabilities so they can achieve extraordinary performance. I've been in the corporate world for more than 20 years working globally - in 6 countries and 3 continents - for medium-large companies.