What March Madness Reminds Us About Business

3 Apr

The NCAA Men’s Basketball Tournament is over.  Like past tournaments, this year’s excitement and nail-biting game endings didn’t disappoint. March Madness is entertaining but, to be a winner it takes a combination of the right leadership, players, strategy and desire. Much like what it takes to succeed in business. Here are my top picks for winning on the court and in business.  Any others you’d include?

Basketball game, player shooting a basket

1.  The coach hires a staff that compliments his style and addresses areas where he is weakest.  The best leaders know they don’t know everything and find managers whose skills fill those gaps.

2.  The coach recruits players that believe in his vision and have the right mix of talent and skills to fill the position. The recruit may not be able to fill the position 100% on day one but, the coach sees the ability and desire for growth.

3. Everyone knows the contribution they make to the team and works together to achieve team goals.  There may be stand-out performers but, they recognize they can’t do it alone.  Winning requires every player on the team.  

4.  Individual performance is elevated because coaches focus on developing a player’s strengths.  After all, those strengths are the reason he was recruited.  

5.  Practice, practice, and then practice some more.  I worked for someone who told me that he always over prepared because there was nothing worse than finding yourself in front of an important customer or your boss under prepared. He anticipated questions, objections and various scenarios and prepared responses for them.

6.  Play Your Game with Flawless Execution.  Play to your strengths and what you do best.  If you’ve prepared, your execution will be flawless.

7.  Believe You’re a Winner.  If you believe in yourself, your talents and that you can win, you will do everything in your power to make that a reality.

8.  It Ain’t Over Until It’s Over.  How many times has a team come back from a ten point half-time deficit to win the game.  Too many to count. Fight the battle.  Don’t throw the towel in before the game is over.

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5 Responses to “What March Madness Reminds Us About Business”

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