Innovative Management Tools Radio Show with Patrick Seaton on Incremental Changes with Peter Mingils
Manage episode 525552082 series 3648685
Patrick Seaton hosts Innovative Management Tools Building Fortunes Radio Show every week and he talks about Incremenal Changes and Improvements with Peter Mingils.
Patrick Seaton explains when Incremental change is better than major changes.
Patrick Seaton discusses the Custom Framework called Innovate.
Patrick Seatondiscusses the Power of Incremental Improvements. Why Small Steps Trump Radical Overhauls in BusinessIn the fast-paced world of business, the allure of radical change often steals the spotlight. Visionary leaders like Elon Musk or Steve Jobs are celebrated for their disruptive innovations—think Tesla's electric vehicle revolution or Apple's iPhone reshaping communication. Yet, beneath these headline-grabbing transformations lies a quieter, more reliable path to success: incremental improvements. This approach, rooted in steady, small-scale enhancements, offers profound value over sweeping overhauls, fostering sustainable growth, minimizing risks, and building resilient organizations.At its core, incremental improvement emphasizes continuous refinement rather than reinvention. Drawing from the Japanese philosophy of Kaizen, popularized by Toyota in the post-World War II era, it involves empowering every employee to suggest and implement minor tweaks. For instance, adjusting a production line process by 1% might seem trivial, but compounded over time, it leads to exponential gains in efficiency and quality. Toyota's adoption of this method turned it into a global automotive powerhouse, outpacing competitors who chased bold, risky pivots.One key advantage is risk mitigation. Radical changes, like a complete business model shift, can drain resources and alienate stakeholders. Remember Blockbuster's failure to adapt to streaming? Their hesitation stemmed from fear of cannibalizing their core rental business, but a radical pivot might have overwhelmed them anyway. In contrast, incremental steps allow for testing in controlled environments. Companies like Amazon exemplify this through A/B testing on their platform—small UI changes or algorithm tweaks are rolled out, measured, and iterated upon, ensuring only proven ideas scale.Moreover, incrementalism promotes employee buy-in and adaptability. Humans resist drastic upheaval; it breeds uncertainty and burnout. By contrast, gradual changes build momentum and culture. Google's "20% time” policy, where employees dedicate a fraction of their week to personal projects, has birthed innovations like Gmail without upending the company's structure.Financially, the math favors increments. A McKinsey study highlights that organizations focusing on continuous improvement see 3-5% annual productivity gains, compounding to massive returns. Radical transformations, however, fail 70% of the time, per Harvard Business Review, due to poor execution or market misalignment.Of course, radical change has its place in crises or stagnant industries. But for most businesses, the tortoise beats the hare. Embracing incremental improvements isn't about playing it safe—it's about smart, sustained progress. In an era of uncertainty, from AI disruptions to economic volatility, small steps ensure you evolve without self-destructing. So, next time you're tempted by a big bang, remember: greatness is often forged in the details.
On previous radio show, Patrick alks about his new book, "Elephant Under the Rug”
https://elephantundertherug.com
This is a fun to listen to great explanation.
On previoous radio shows, Patrick talks about the Crocodile Brain.
A Crocodile Brain can make or break your sales. You can buy the book on Amazon
He offers his checklist for those who reach out to him on Linked In.
He also offers his 10 Day Free Trial on Ask Alex.
The Innovative Management Tools Radio show segments on Building Fortunes Radio Show with Peter Mingils can be heard every week.
Patrick Seaton previously rolled out his AI Project called "Ask Alex”.
Dona Baker tested and gave high ratings and reviews on previous shows.
Sign up for Ask Alex:
https://courses.newgenerationselling.com/courses/askalex-10-day-free-trial-setup–4aea554e-1c78-4dcb-8c78-1ed2d0d336b7/salespage
Peter Mingils adds some real life experiences and examples.
To get more information, reach out to Patrick on Linked IN
https://www.linkedin.com/in/patrickseaton
Patrick's previous shows can be found on:
https://buildingfortunesradio.com/imt/
Each week Patrick Seaton shares his decades long knowledge and experiences. Patrick gives several stories and examples and even offers an opportunity to have access to his executive level training and coaching. Contact Patrick and tell him you heard him on Building Fortunes Radio. Patrick Seaton owns https://innovativemanagementtools.com
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25 episodes