Starting the New Year off right, to me means honouring my roots. The Power of Story. Paul Smith has written an excellent guide to why the art of story is the most probably the most important leadership skill. As Director of Consumer & Communications Research at Proctor and Gamble, Paul got a lot of practice. Storytelling and the power of story has finally come of age in the business world. Most successful companies now use storytelling as a leadership tool. Some examples:
At Nike, all senior executives are designated “corporate storytellers.” 3M banned bullet points years ago and replaced them with a process of writing “strategic narratives.” Procter & Gamble hired Hollywood directors to teach its executives storytelling techniques. Scenario planning (or storytelling in multiple forms) is now a highly effective form of strategy. And if you are in my faovurite transmedia space, well … I don’t have to tell you about the power and profitability of narrative. The rest of North America is slowly catching on to what successful global organizations have been using for years.
Business schools are beginning to add storytelling to coursework. I use story and build storytelling into every course I teach – strategy, competitive intelligence, consumer behaviour, marketing – all benefit from the use of the best communication tool ever invented. Start your New Year off by joining a movement that is both instructive and fun. If you want your organization to prosper in 2013, why not increase your competitive advantage? Sometimes, the old ways are the best.