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The Value of Stick-with-it-ness

July 7th, 2009 @ 7:05 am

4 Comments

Categories: Board Management, CEO Succession, Corporate Governance, Entrepreneurialism, Executive Focus, Hiring, Management, Opinion, Strategy, Tips and Tools, Wisdom, Workplace

Tags: Quality, CEO, Stick-with-it-ness, IPO, Corporate Governance, Food & Beverage, Financial Planning, Investment, Financial Services, Business Operations

Stick-with-it-ness is one of those qualities that isn’t on anybody’s short-list for successful managers and business people, but it should be. I’m not sure why that is. Maybe because it’s difficult to define. More likely because it’s such a rare quality. Regardless, in my experience it’s a pretty good indicator of business success.  

What is Stick-with-it-ness?

Stick-with-it-ness, as I define it, means perseverance in the face of extraordinary competition, determination against long odds, optimism when everyone else has thrown in the towel, and standing up after being knocked down again and again.

The story of how I first heard the phrase is an embarrassing one. I was once whining about the shortcomings of a former CEO to a mutual friend and former board director. In response, he said, “that may be true, but he has incredible stick-with-it-ness.”

I thought about it and realized he was right. The CEO in question once had his top two senior executives resign on the same day. Not only did he stick with it and survive, but years later he took the company public in a notably successful IPO. What’s so embarrassing about that? I was one of the two guys that resigned.

What does that say about my stick-with-it-ness? That it’s not one of my star qualities, but at least my sense of humility jumped a notch or two from the experience.

Anyway, success stories are strewn with heroes with stick-with-it-ness, and not just the business kind. Academy award-winning actor Cuba Gooding Jr. spent some time living on the street before achieving fame and fortune. Kurt Warner bagged groceries before becoming a star NFL quarterback.

And I may not have the stick-with-it-ness gene, but my wife, who stuck with a compulsive “Type A” crazy person for 20 years, does.   

Come to think of it, a conversation I had with that CEO I mentioned earlier was telling, although I didn’t recognize it at the time. He was giving me an animated account of some famous person - I can’t for the life of me remember who it was - who every time one of his business ventures went south would bounce right back with another bigger and bolder one. Nothing kept him down.

Indeed, how can you lose when you won’t stay down? Figure out an answer to that one.

 
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  •  
    1

    upshift

    07/08/09 | Report as spam

    RE: The Value of Stick-with-it-ness

    Resilience is a more common word and easier to pronounce.

    Whatever one calls it however certainly does not detract from
    its importance.

  •  
    2

    LoriDryburgh

    07/08/09 | Report as spam

    RE: The Value of Stick-with-it-ness

    Tenacity is another word for it. And, if you're an entrepreneur, it's a critical characteristic for success. In corporate life, it's often criticized as being stubborn but in sales, in any environment, it's the only way.

  •  
    3

    Just Once

    07/08/09 | Report as spam

    RE: The Value of Stick-with-it-ness

    This is the best article I've read in FOREVER - talk about stick-with-it...all I ever see are the ones about changing jobs for better - I've been with my company working up from receptionist to sales adminstrator to sales and in to administrative manager over the last 22 years.

    Again and again I see young men & women who leave for "greener pastures" and inevitably want back in the door - some make it and some don't. -

    I'm not that old, OR that high up the food-chain, but I do value those who stick with a company through thick and thin...praying for those thick times again!

  •  
    4

    mjs010

    07/13/09 | Report as spam

    RE: The Value of Stick-with-it-ness

    There have been jobs where I wish I had hung in and others where I am still glad I moved on. It's difficult sometimes to know which are which when one is feeling stuck, underpaid, and unappreciated.

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