One of the most cautionary tales in recent corporate history is how Netflix embraced change and Blockbuster didn’t. As of 2018, Netflix, barely 20 years old, had a stock market value of nearly $165B, with 130 million subscribers in 200 countries. Blockbuster was out of business by then, having filed for bankruptcy in 2010 after incurring more than $1B in losses the previous year.
Change is not easy, which is a major challenge for us because we live in a world that is forever changing. Technology is changing. The market is changing. The culture is changing. Not only is everything around us changing, but it seems that change is happening at an ever-increasing rate.
Growing up in a 150-year-old family media business, my self-worth was inextricably tied to the family business and the family dynasty. I saw my role in life as carrying on the family business to the next generation, and to honor the legacy of my great-great-grandfather, John Fairfax, and my father, Sir Warwick Fairfax.
For many of us, our self-worth is tied to our job and career. If we are doing well at our job, we feel good about ourselves. But if we are not performing well at work, life might not look so good. This may seem normal, so what’s the problem? Isn’t this just life?
Leadership is hard. We may have a vision that we are trying to pursue, but for some reason it’s not happening. We feel stuck. We feel despondent. We don’t want to give up, but what else are we going to do? We might even think it’s time to quit.
One of the great stories of perseverance is the American Revolutionary War and George Washington’s dogged determination to not give in. It was in large part Washington’s commitment to the American cause of independence and his refusal to give up amidst overwhelming odds that was the key to the birth of the United States.
We have spoken of how inspiring a group of people with a shared vision is one of the hardest challenges in leadership. Growing your vision is not easy. Having your vision impact the world for generations is perhaps the ultimate goal for a visionary, but such a goal can feel like climbing Mount Everest. Impossible! However, Jesus did it. The key is to create a growing wave of ambassadors for your vision across continents and generations.
One of the hardest areas of leadership is to inspire a group of people with a common vision, a shared vision. Why is this?
Typically, leaders are in love with their vision. They have a hard time letting anyone touch their vision. More often than not, their vision is years in the making and a culmination of all their hopes and dreams.
On Saturday, June 8, 23-year-old Ashleigh Barty won the French Open Tennis Championship. She is the first Australian to win the French Open in more than 45 years.
A miracle happened over the weekend in Australia. Australian Prime Minister Scott Morrison won what was called an unwinnable election. All the indications from the polls and the experts was that Scott Morrison was going to lose.
