My wife and I saw Air over the weekend, the movie inspired by Nike's transformational journey beyond just a running shoe company.
Nike, who’s already found significant success within the running community, has a desire to enter basketball. Their shoes aren’t great, they don’t have any real market presence, and they have a self-imposed limiting budget. But, they see an opportunity, and it’s big. Sound familiar? The market, currently dominated by Converse and Adidas, is stale. In fact, there haven’t been any significant basketball shoe developments in years.
That’s where Sonny Vaccaro comes in. Sonny, at this point in time and in this situation, is thinking clearly. He sees the opportunity, he understands the goal and success Phil and the Nike board are after, and he sees the limitations in the approach. So, what does Sonny do? He goes to battle, creating and selling a new script with the potential to achieve the desired goal.
Sonny’s approach gives us 3 lessons we can apply in our own planning processes.
Clear thinking - Just because we set big goals doesn’t mean we can or will achieve them. Without clear thinking, big goals are nothing more than a hope and a dream. Clear thinking requires a deep understanding. When we take time to analyze the plan, the team, the desired results, the market, and the potential risks, we gain clarity. The more clearly we think, the greater the likelihood we can devise a successful plan.
Big rewards often require investment...and investments carry risk - Taking big risks can be scary, especially once we’ve found success. We have a tendency to play defense to protect what we’ve gained. In doing so, we suppress the very things that brought us our initial success. For Nike, despite their success in the running industry, the rewards they sought in the basketball industry, and the knowledge of what the market leaders were doing, they weren’t willing to invest. Winning requires offense which requires investment and carries risk. Without it, even with clear thinking and a great plan, we won’t reach our destination.
Connection Matters - Without connection, even with all else aligned, success is at risk. This includes connection with our leaders, connection with our teams, and connection with our customers. Sonny reminds Phil of his journey to build Nike. He creates a connection with Deloris by establishing a shared understanding of how special her son is and why Nike is the only company that provides the chance for him to uniquely stand out. And he creates a connection with Michael, and eventually the fans, by going off-script and sharing his vision “...You’re Michael Jordan, and your story is gonna make us want to fly.” Connection invites all of us to be part of the vision.
Do you have a vision and a plan but are struggling to reach your goal? Are you willing to rewrite your own script? Don’t be afraid to restart today and gain a deeper understanding, recreate your plan, make intentional well-thought investments with the potential for your desired outcomes, and create connections with everyone from the leadership team to the customer.
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