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My friend Gord McCallum recently shared an article from the Harvard Business Revue that I found quite thought provoking.
I don’t know about you but I believe that being the most desirable organization, or individual is a pursuit worthy of some attention. 3) To become known by our lender partners as completing a high level of due diligence on our files in order to provide as fraud free files as possible.

So for me the lesson learned from this article is not so much that the pursuit of best leads to mediocrity, but that you need to be rock solid in your definition of what you want to be the best at. We have crewed charter boats in the favourite yachting hotspots in the Mediterranean and Caribbean as well as worldwide locations. Mediocre is not a word I want in any Mortgage Broker’s vocabulary so I really took the article to heart.
This is obviously not the case; as we have discussed in the past the lowest rate may not ultimately be the best mortgage product for our consumer. You need to be clear on your vision and your measuring stick, making sure that you stay focused on your niche, values and purpose.
While I wholeheartedly agree with much of the article there are certainly some pieces I would argue against. How can we measure and become the ‘best’ option for Canadian mortgage consumers?
I do think that trying to be all things to all people is a poor business strategy and one that will likely lead you to mediocrity.

We can however continue to strive to be the best in every aspect of our business and professional lives.
I completely agree with setting yourself apart and competing to be unique and not pursuing the crowd. The article argues that in business there is not necessarily one winner (read best) where as in sports or athletic competitions there is often only one victor.
This does not mean that as a business I can’t pursue the objective of becoming the best innovator or the best at leading my competitors with new and exciting ways to serve my customer.
In business there can be many successes defined in different ways, a Walmart can co-exist with a Holt Renfrew.

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Comments What are the best meditation books

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