{"id":342,"date":"2018-03-12T07:45:15","date_gmt":"2018-03-12T07:45:15","guid":{"rendered":"https:\/\/www.pineinstrument.com\/pineelectronics\/?p=342"},"modified":"2020-10-01T08:19:26","modified_gmt":"2020-10-01T08:19:26","slug":"lessons-from-the-olympic-games","status":"publish","type":"post","link":"https:\/\/www.pineelectronics.com\/2018\/03\/12\/lessons-from-the-olympic-games\/","title":{"rendered":"Lessons from the Olympic Games"},"content":{"rendered":"
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Who doesn\u2019t love the global hype of the Olympic Games?  Just the origin of the games is fascinating.   But as we watched the talent, cheered on our teams, and anticipated the results, there were lessons to be learned – lessons that could enrich our lives at home, work, and in our communities. <\/p>\n

<\/div>\n
LESSON #1<\/strong><\/h6>\n

Cheaters Never Win<\/strong> \u2013 Just hours before the 2018 Winter Olympics began, 47 Russian athletes and coaches lost their appeal and were banned from competing.  Russia had been banned from competing as a nation following state-sponsored doping scandal.  We\u2019ve seen it all over the years \u2013 athletes faking their age, using illegal substances, and rebelling against the rules.<\/p>\n

Similarly, businesses have been known to misbehave – circumventing rules or falling \u201cvictim\u201d to fortuitous misinterpretation of the law.  There are countless examples from which to learn – Enron Corp, Arthur Andersen, Bearn Stearns, Martha Stewart and most recently, Martin Shkreli, sentenced to 7 years for defrauding investors of $10 million<\/a>.   But it\u2019s not really the businesses who have misbehaved \u2013 they are simply left with tarnished reputations and catastrophic financials.  It\u2019s the people inside the companies that cause damage.  Those who knowingly and willingly choose wrong from right.   Unfortunately, these folks serve their sentence, overcome shame, and move on.  Often, their names are forgotten, but their legacy can debilitate an organization.<\/p>\n

LESSON #2<\/h6>\n

Consistency & Hard Work Yield Results<\/strong> \u2013 Keep your eyes on the prize.  Which in the case of Redmond \u201cRed\u201d Gerard, the prize came in the form of a Gold Medal in men\u2019s snowboard slopestyle.  This young man started dabbling in the sport at age 2.  At age 7, Red\u2019s family moved from Cleveland to Colorado where he and his brothers had a snowboard features park set up in their back yard.  At age 15, he caught the attention of many through tournament performances and ultimately secured his place on the U.S. Snowboard pro slopestyle team.   At 17, Red became the youngest United States male gold-medalist at a Winter Olympics since 1928.<\/p>\n

Who hasn\u2019t fallen to fatigue and frustration?  Maybe you\u2019ve bit off more than you could chew.      Sometimes throwing in the towel seems the only option.  But overcoming that urge to quit delineates success from failure.  Around 50% of all businesses do not make it past their fifth year; while only one-third make it past their tenth anniversary.  Steven Spielberg persevered after being rejected multiple times by the University of Southern California\u2019s School of Cinematic Arts.  Thomas Edison\u2019s teachers told him he was \u201ctoo stupid to learn anything.\u201d  Vera Wang failed to make the 1968 US Olympic figure skating team.  She later became an editor at Vogue, but was passed over for the editor-in-chief position.  At age 40, she began designing wedding gowns, with a business now worth more than $1 billion. <\/p>\n

Think of all the products we might not have today because someone chose to quit.   Thank goodness for the 33% of companies that work through difficulties.   We were never promised that life would be easy.  It\u2019s full of ebbs and flows.  Managing those swings and resisting the temptation to quit often yield great rewards.  <\/p>\n

LESSON #3<\/h6>\n
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It\u2019s All About The People<\/strong> \u2013 Yes, some might think it\u2019s all about the medals.  But really, it\u2019s the athletes and their stories that make each team and country unique.  Learning about their \u201cwhy\u201d and the blood, sweat, and tears endured to become an Olympian is where the money lies.  The underdog that stole the show. <\/p>\n

It\u2019s really no different in business.  It\u2019s the employees and entrepreneurs who are fascinating and often form the best companies.  We formulate opinions and make decisions based on what we know (or don\u2019t know) about companies, schools, and people.  Companies, communities, churches, etc. are a representation of its members \u2013 each with their own story, character, and level of integrity. <\/p>\n

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Pine<\/a> is a clear example of civic-minded and community-oriented employees who comprise a company that has been successful for decades.   Several employees are fire fighters or emergency responders.  Others are involved with scouts, their church, local government or serve on councils and non-profit boards.  Pine\u2019s President volunteers weekly at a homeless shelter kitchen and uses vacation to serve as a missionary in third-world countries.  The Director of Information Systems takes time off work to help senior citizens with tax return. <\/p>\n

Just like the Olympic athletes, we all have stories.  Companies, communities, churches and government are a compilation of people with unique experiences, life-lessons, triumphs, and failures.  It is the people in any organization who are the differentiator.  It\u2019s the impact of the decisions made today that make (or break) tomorrow.  Think about whether you are an asset or a liability on the balance sheet of life.  How are you contributing to your company\u2019s success?  Have you helped your family flourish through difficult times?   How are you investing in your community?  What is your legacy?  Learn from the Olympians and remember that you and your story are the keys to success.<\/p>\n","protected":false},"excerpt":{"rendered":"

We love to watch the Olympic games. We love the spirit of friendly competition and the athletes bringing home the medals. But within the excitement of success and the agony of defeat, there are many lessons to be learned from these games. 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