AxTenk Blog

A high-leverage opportunity is a situation whose potential value is much higher than the amount of resources/energy needed to seize it. When you are presented with a set of opportunities, the ones that require the lowest expenditure of resources to successfully generate the highest value are called the high leverage opportunities. The world’s greatest achievers have used high leverage opportunities strategies to learning. They have concentrated their learning in areas where they have passion, advantage, and rewards. They have used techniques to find and efficiently process knowledge. They have used methods to cut to the core of what is most important to their field. They have been able to envision opportunities and maximize their achievement by concentrating only on those with the greatest chance of making them successful.

Your Gateway Key to Success
The “great achievers”—the great leaders who knew where to focus their life work to achieve success. They focused on three basic factors:
    where they had passion for their work
    what they did far better than others
    where there were potential rewards for their work.

The great achievers thus chose to work where their passions, their abilities, and their potential rewards were all high.

Three Important Questions
Some people and organizations choose where they search for opportunity by weighing available alternatives—as if they were solving problems. But the great achievers have taken a better approach, analyzing areas of opportunity and asking themselves:
    What am I most passionate about?
    What can I do far better than others?
    What can bring me the highest rewards?

You should ask the following questions to determine effective strategy for growth:
?    Where are the most profitable sections of the business?
?    What are the short, medium and long term prospects for those other potentially profitable parts?
?    How bad is the business? For example, does it dependent on too few products, customers, suppliers, personnel or distribution channels?
?    How clearly focused is the business? Is it overwhelmed with too many products, markets and initiatives, or is it running on empty with too few opportunities on which to capitalise?
?    What is likely to be the best method of expansion, and is it affordable in terms of money, other resources and time?
?    What are the advantages and disadvantages of expansion, and what must be done to achieve the benefits and avoid the pitfalls?
?    What do people in the organisation see as the best options? What are their views of potential opportunities, threats and difficulties?
?    Is there the commitment to act decisively and consistently? Once set, the course needs to be rigorously followed. One of the greatest obstacles to growth is inertia.
?    How the changes will affect people? If employees feel threatened, disregarded or insecure, then no matter how good the decision and implementation it is likely to fail as people will not be sufficiently committed to it.
?    What are the key success criteria and performance measures? How will these be monitored and enforced?