The following article originally appeared in the May newsletter to clients of Kiley Advisors, now a part of FMI Corporation. Reprinted with permission.
There is an amazing similarity between what real champions in both sports and business do, and it is worth some reflection. In the broadest sense, these people and organizations, no matter what their demonstrated competencies and past performance records, strive, not just hope, to get better. They take proactive steps to develop a qualified outside support system that allows them to make candid comparisons, set realistic strategic targets, and develop the specific skills needed. They have extraordinary mental toughness and discipline. They know they can get better; they make the investments to acquire the guidance and coaching; they do the work. They repeat this process.