In today’s highly competitive and demanding business environment, already stretched business owner-managers are grappling with the challenge of performing well under conditions of extreme change and uncertainty. Many of the physical and psychological demands placed on the ‘corporate athlete’ mirror those of the ‘athletic athlete’, albeit in a different context. Busy owner-managers are frequently required to cope with high levels of stress, heavy workloads and demanding personal or organisational circumstances.
Stress accounts for 35% of all work-related ill health and 43% of all working days lost! |
This challenge is not dissimilar to that faced by elite athletes who follow prolonged training regimes interspersed with periods of competition where they have to perform at their peak. So what are the physical capabilities that owner-managers should foster in order to perform at their best?
Stress, which accounts for 35% of all work-related ill health and 43% of all working days lost, is a common derailer of performance. Athletes experience this as the overtraining syndrome, when they experience excessive training loads coupled with inadequate recovery. For the business athlete, sustained periods of stress may result in chronic fatigue which affects the immune system, mood, sleep, libido and appetite.
Pressure from stress is inevitable but individuals vary significantly in their ability to handle pressure depending on their perception of which events are stressful. Emotional resilience is a notable characteristic of people who thrive under pressure.
Elite performers in all walks of life systematically review their accomplishments and identify performance errors. They do not allow themselves to be distracted by the victories or failures of others. They concentrate on what they can control and forget the rest. Mental toughness is the key to inoculating yourself against negative stress effects. If you have some influence over the outcome, focus on the solution and if not, put your energy into more productive activity.
Participants on the Business Growth Programme develop a clear understanding of the balance between psychological and physical performance factors in order to improve their focus and optimise business growth. Achieving this balance is not always easy but in the long term, it is fundamental to using pressure to best effect.
Many thanks to Dr Veronica Burke, Programme Director of the BGP, Cranfield School of Management, for this blog content.