Follow Dallas Linkedin
Email Dallas Email
Business Growth
Mar 1, 2014

Nine Lessons Learned From The Power Of Habit

Sponsored Content provided by Dallas Romanowski - Managing Partner, Cornerstone Business Advisors

In The Power of Habit, award-winning business reporter Charles Duhigg explains why habits exist and how they can be changed. At its core, The Power of Habit contains an interesting argument: the key to exercising regularly, losing weight, being more productive, and achieving success is understanding how habits work. With this understanding you can learn how to stop bad habits and create good habits for not only yourself, but also your organization. The nine lessons I learned from this book are:
 
1. Habits are formed when a cue motivates an individual to act in a certain way because he or she associates a reward with the cue and behavior (Cue > Behavior > Reward).
2. Effective change can begin by creating just one good habit. This habit will motivate the organization to develop additional good habits. Start with one keystone habit that can create enormous positive energy inside your organization.
3. The best performing companies are those that have routines.
4. The worst performing companies do not have routines; the leaders do not recognize the importance of process.
5. Avoid constant fire drills. Constant stress erodes a person’s willpower. Proper work/life balance will increase a person’s ability to perform at work and make better decisions. (By the way, work/life balance for business owners usually does not translate to 50/50 or 8 a.m. to 5 p.m. everyday.)  It usually equates to 100 percent focus on business at certain times and 100 percent focus on family and personal interests during other times)
6. The best way to increase willpower is to build positive habits.
7. Positive habits increase self-discipline. Research shows that self-discipline is a better predicator of success than a high IQ.
8. Company habits improve a leader’s ability to delegate. Employees displaying habits feel more in control of their work and decisions, a key workplace motivator.
9. Five tenants to support positive habits and the Performance Culture System, which I created for Cornerstone Business Advisors:
 
1. Create a company vision and mission that is shared by all. Help employees understand how their personal visions will be achieved by achieving the company vision.
2. Ensure consistency through effective leadership and process.
3. Reward and recognize good behaviors.
4. Hold employees accountable. Enforce consequences for negative behaviors; when an employee violates the company culture, they must go.
5. A written plan with weekly updates will encourage good habits to flourish. Research has shown that people on diets or on exercise plans do better when they write down their plans and document their activities in a journal. The same is true for the Performance Culture System. Writing down your plans creates clarity and forces you to think through actions.
Cornerstone Business Advisors provides access to experts in business strategy, management, process and finance. The Cornerstone team includes former C-Level executives, successful entrepreneurs and advisors who offer unmatched experience in delivering advanced, custom-tailored, results-oriented solutions for business leaders. Cornerstone has worked with hundreds of companies that range from fast-growth start-ups to Fortune 500 corporations.  It developed the Performance Culture System™ to help clients implement best practices and drive high performance throughout their organization. For more information, visit www.launchgrowexit.com, call 910-681-1420, or email [email protected].

Other Posts from Dallas Romanowski

Bizjournalblockad
Ico insights

INSIGHTS

SPONSORS' CONTENT
Headshot2 3182020512

How To Protect Your HVAC From Hurricanes

Chris Jones - Green Dot Heating & Air
Alycephillipsnew2

Unemployed? Put Yourself On A Well-Planned Financial ‘Diet’

Alyce Phillips - Old North State Trust LLC
Mike stonestreet 300x300

Best Practices For Virtual Board Meetings

Mike Stonestreet - CAMS (Community Association Management Services)

Trending News

Downtown Wilmington Restaurant Closes Permanently

Jessica Maurer - Jun 3, 2020

Publisher’s Note: What Didn’t Happen Last Night

Rob Kaiser - Jun 1, 2020

Businesses, Law Enforcement Take Stock Of Protest Aftermath

Staff Reports - Jun 1, 2020

Friday Deadline For County's $10K Small Business Grants

Cece Nunn - Jun 1, 2020

Flying Machine Brewing Co. Expanding To Wrightsville Beach

Jessica Maurer - Jun 3, 2020

In The Current Issue

NHRMC: Suitors Come Calling

Of the six health systems that submitted proposals for buying or partnering with NHRMC, three have moved ahead of the rest of the pack for f...


Education Leader Forges Way Forward

Burns was tapped as interim superintendent of NHCS in February, following the resignation of Tim Markley. Burns assumed his new role in Marc...


Info Junkie: Rhonda Bellamy

Rhonda Bellamy, executive director of the Arts Council of Wilmington/New Hanover County, shares her top tech and info picks....

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2020 Leadership Accelerator: Virtual Workshops for Real Leaders
2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`