Showing posts with label Change. Show all posts
Showing posts with label Change. Show all posts

Monday, July 16, 2012

6 Leadership Styles, And When You Should Use Them


Taking a team from ordinary to extraordinary means understanding and embracing the difference between management and leadership. According to writer and consultant Peter Drucker, "Management is doing things right; leadership is doing the right things."

Manager and leader are two completely different roles, although we often use the terms interchangeably. Managers are facilitators of their team members’ success. They ensure that their people have everything they need to be productive and successful; that they’re well trained, happy and have minimal roadblocks in their path; that they’re being groomed for the next level; that they are recognized for great performance and coached through their challenges.

Conversely, a leader can be anyone on the team who has a particular talent, who is creatively thinking out of the box and has a great idea, who has experience in a certain aspect of the business or project that can prove useful to the manager and the team. A leader leads based on strengths, not titles.
The best managers consistently allow different leaders to emerge and inspire their teammates (and themselves!) to the next level.

When you’re dealing with ongoing challenges and changes, and you’re in uncharted territory with no means of knowing what comes next, no one can be expected to have all the answers or rule the team with an iron fist based solely on the title on their business card. It just doesn’t work for day-to-day operations. Sometimes a project is a long series of obstacles and opportunities coming at you at high speed, and you need every ounce of your collective hearts and minds and skill sets to get through it.
This is why the military style of top-down leadership is never effective in the fast-paced world of adventure racing or, for that matter, our daily lives (which is really one big, long adventure, hopefully!). I truly believe in Tom Peters’s observation that the best leaders don’t create followers; they create more leaders. When we share leadership, we’re all a heck of a lot smarter, more nimble and more capable in the long run, especially when that long run is fraught with unknown and unforeseen challenges.

Change leadership styles
Not only do the greatest teammates allow different leaders to consistently emerge based on their strengths, but also they realize that leadership can and should be situational, depending on the needs of the team. Sometimes a teammate needs a warm hug. Sometimes the team needs a visionary, a new style of coaching, someone to lead the way or even, on occasion, a kick in the bike shorts. For that reason, great leaders choose their leadership style like a golfer chooses his or her club, with a calculated analysis of the matter at hand, the end goal and the best tool for the job.
My favorite study on the subject of kinetic leadership is Daniel Goleman’s Leadership That Gets Results, a landmark 2000 Harvard Business Review study. Goleman and his team completed a three-year study with over 3,000 middle-level managers. Their goal was to uncover specific leadership behaviors and determine their effect on the corporate climate and each leadership style’s effect on bottom-line profitability.
The research discovered that a manager’s leadership style was responsible for 30% of the company’s bottom-line profitability! That’s far too much to ignore. Imagine how much money and effort a company spends on new processes, efficiencies, and cost-cutting methods in an effort to add even one percent to bottom-line profitability, and compare that to simply inspiring managers to be more kinetic with their leadership styles. It’s a no-brainer.

Here are the six leadership styles Goleman uncovered among the managers he studied, as well as a brief analysis of the effects of each style on the corporate climate:
  1. The pacesetting leader expects and models excellence and self-direction. If this style were summed up in one phrase, it would be “Do as I do, now.” The pacesetting style works best when the team is already motivated and skilled, and the leader needs quick results. Used extensively, however, this style can overwhelm team members and squelch innovation.
  2. The authoritative leader mobilizes the team toward a common vision and focuses on end goals, leaving the means up to each individual. If this style were summed up in one phrase, it would be “Come with me.” The authoritative style works best when the team needs a new vision because circumstances have changed, or when explicit guidance is not required. Authoritative leaders inspire an entrepreneurial spirit and vibrant enthusiasm for the mission. It is not the best fit when the leader is working with a team of experts who know more than him or her.
  3. The affiliative leader works to create emotional bonds that bring a feeling of bonding and belonging to the organization. If this style were summed up in one phrase, it would be “People come first.” The affiliative style works best in times of stress, when teammates need to heal from a trauma, or when the team needs to rebuild trust. This style should not be used exclusively, because a sole reliance on praise and nurturing can foster mediocre performance and a lack of direction.
  4. The coaching leader develops people for the future. If this style were summed up in one phrase, it would be “Try this.” The coaching style works best when the leader wants to help teammates build lasting personal strengths that make them more successful overall. It is least effective when teammates are defiant and unwilling to change or learn, or if the leader lacks proficiency.
  5. The coercive leader demands immediate compliance. If this style were summed up in one phrase, it would be “Do what I tell you.” The coercive style is most effective in times of crisis, such as in a company turnaround or a takeover attempt, or during an actual emergency like a tornado or a fire. This style can also help control a problem teammate when everything else has failed. However, it should be avoided in almost every other case because it can alienate people and stifle flexibility and inventiveness.
  6. The democratic leader builds consensus through participation. If this style were summed up in one phrase, it would be “What do you think?” The democratic style is most effective when the leader needs the team to buy into or have ownership of a decision, plan, or goal, or if he or she is uncertain and needs fresh ideas from qualified teammates. It is not the best choice in an emergency situation, when time is of the essence for another reason or when teammates are not informed enough to offer sufficient guidance to the leader.
Bottom line? If you take two cups of authoritative leadership, one cup of democratic, coaching, and affiliative leadership, and a dash of pacesetting and coercive leadership “to taste,” and you lead based on need in a way that elevates and inspires your team, you’ve got an excellent recipe for long-term leadership success with every team in your life.



Robyn Benincasa is a two-time Adventure Racing World Champion, two-time Guinness World Record distance kayaker, a full-time firefighter, and author of the new book, HOW WINNING WORKS: 8 Essential Leadership Lessons from the Toughest Teams on Earth, from which this article is excerpted. (Harlequin Nonfiction, June 2012)

Wednesday, May 23, 2012

How to Engage Your Customers and Employees

R "Ray" Wang www.blogs.hbr.org May 9, 2012

Most customers now ignore targeted marketing campaigns, avoid responding to offers, and provide minimal feedback when asked. Instead, potential customers interact with each other, bypassing sanitized corporate messages devoid of meaning or value.
Meanwhile, employees increasingly look beyond compensation to non-monetary factors such as advancement, recognition, and corporate social responsibility in choosing where to work. And with the retirement of the Baby Boomers looming, attracting, retaining, and growing the next generation of leaders is an essential task for any organization.
As a result, organizations around the world are rushing to engage with their customers and employees. It's easy to see why. Without engagement, the influence of brands will continue to decline and big organizations will lose out on the best workers. Our studies at Constellation Research have found that engaged workers — those who participated in a forum, helped out a colleague in a chat, or provided feedback on an enterprise initiative — are 37% more likely to stay with their employers. Meanwhile, engaged customers are three times more likely to recommend or advocate a product or service to a friend. Improved engagement creates business value and strategic differentiation, and technology is enabling a shift from transactions to engagement.
Haphazard approaches to engagement negate good intentions
Unfortunately in the rush to engage, many organizations have taken a haphazard and siloed approach. Based on hundreds of conversations, a common theme emerges of failing to learn from the last Web and ecommerce boom. For example, many organizations have created separate social divisions in the same manner that ecommerce divisions were established a decade back. The result — haphazardly designed customer engagement paradigms doomed to fail. Why? These design points optimize for the company and not for a frictionless and seamless customer experience.
Meanwhile other organizations have built their social strategy using Facebook as the keystone in the same way AOL and Yahoo! central to many companies' plans last century. The result is overdependence on (and enrichment of) Facebook at the expense of driving traffic and activity onto one's own platforms. When customers wake up and decide they are the product, they will stop trading privacy for convenience. The result — brands built on Facebook will face a backlash.
On an internal basis, the rush to deploy social business tools matches the hype of the past decade in installing collaboration tools and assuming one's employees would easily adapt if only the right tool was deployed. The recurring problem — culture always trumps technology in adoption of new tools.
Successful engagement requires nine key components
How do we ensure engagement and avoid the fatal fatigue engendered by every wave of new media adoption? How can an organization and their leaders make the shift? The first step is to think systematically about it, and understand that engagement requires a set of building blocks. I divide them into three categories: people-centric values, delivery and communication styles, and the right time drivers.
People-centric values are the starting point. An organization needs to genuinely understand and relate to its customers and its employees before it can engage them. The key elements here are culture, community and credibility. Culture is about societal norms, communication preferences, and global outlook. At the organizational level, this includes which leadership styles are most effective, and how workers interact with each other. In dealing with customers, it's about understanding customer segmentation, digital readiness, and inclination to participate. Community focuses on internal and external stakeholders. Each stakeholder may have different needs. For example how you share information with a supplier may be different than what you can tell an internal employee. The last component, credibility, involves earning trust through actions. Credibility is built through influence, reputation, track records, and accumulated expertise.
Values alone are not enough. To engage successfully, organizations also need an understanding of delivery and communication styles. These styles incorporate channel, content, and cadence. Channel refers to the means of engagement: face-to-face, retail, mobile, social, web, kiosk, virtual, and video. Content can be internal, user-generated, re-purposed, paid, news-driven, or analytic. Finally, cadence describes the frequency of engagement — whether it's ad hoc, scheduled, or continuous.

The last piece is choosing the right time drivers to provide a why, when, and where in engagement. The goal is to inspire action through context, catalysts, and currencies. Context means location, business process, role, relationships, and sentiment, all of which need to be considered to deliver the right offer to the right person at the right time. Catalysts are what inspire action and response: campaigns, offers, advertisements, direct rewards, indirect rewards, and loyalty programs. Finally, currencies influence behavior through an exchange of value. Monetary models include traditional cash, bonuses, rewards, and rebates, but non-monetary currencies such as virtual goods, recognition, access, and influence can often be more powerful.
The nine critical components of stakeholder engagement
nineCs.jpg



















New models of engagement herald the death of B2B and B2C
The emergence of extremely viral people-to-people (P2P) networks has changed the notion of the customer and employee forever. Social media, social networks, and mobility also herald the death of B2B and B2C as we know them. A bad experience at work with a particular brand of laptop bleeds over into consumer choices. Great experiences with consumer products have driven the rise of bring-your-own-device-to-work — a key to Apple's new success in the enterprise.
As organizations master engagement, early adopters will shift to building experiences by filtering massive streams of information through context. Context — in the form of roles, relationships, location, business process, time, and other factors — will transform engagement to experience. Early adopters of augmented reality and gamification already apply these nine Cs of engagement to craft intuitive and natural customer experiences. The drive towards engagement will impact both the future of work and next generation customer experiences. The move to engagement lays out the first step to a P2P world.
R "Ray" Wang is Principal Analyst and CEO at Constellation Research.

10 big mistakes successful leaders make

Steve Tobak May 9, 2012 www.cbsnew.com

Executives and business leaders don't just peak and lose their potency over time, like wine. They change. Oftentimes, success is the culprit. Success affects everyone differently and not necessarily in a good way.
I've seen it happen to loads of successful CEOs, entrepreneurs and business owners I've worked with over the years. It's not a result of the Peter Principle, since their responsibilities didn't change. It's not necessarily a question of the business outgrowing their capabilities, either.
And they don't just "lose it." Rather, they change. Success changes them.

If you know a little about human psychology, that shouldn't surprise you. You've got to really know yourself, possess unusual self-confidence, and be pretty well grounded in reality to withstand the ego-inflating onslaught of winning big in business.

Since we're all human, we're all susceptible to the unusual pressures and pitfalls that come from achieving what we've always dreamed of. In my experience, these are the ten most common traps successful leaders fall into.

Becoming the status quo. Startups often break into the market by challenging the status quo. The problem is when success makes them the status quo, yet they don't realize it. That was evident when Apple and Google challenged the BlackBerry with the iPhone and Android platform. It's ironic that RIM's co-founders forgot that they were once the challengers. Their failure to be proactive or even to react in time was RIM's downfall.

Tunnel vision. They lose perspective and become rigid, sticking to their myopic vision like glue. Since competitors are unpredictable and markets are always evolving, it can be deadly to a business. If their vision fails to gain traction, they often double down and become even more grandiose. We saw that with former Sony CEO Howard Stringer's concept of product synergy. The only problem is it didn't exist.

Losing their fear. Fear is a key emotion that warns you when to be alert and when you need to act. When you start to think that success is inevitable and believe you can't fail, you act irrationally, become reckless and take risks you shouldn't or without due consideration. Reminds me of lots of megamergers and LBOs, that's for sure.

Fear of losing. The opposite of becoming fearless to the extreme is becoming too risk averse because you're afraid of losing what you've won. Unfortunately, that simply doesn't work in an ever-changing business world. Once that fear of taking chances sets in, you're business is doomed.

All knowing. They stop asking questions and don't really listen when key stakeholders -- customers, executives, directors, investors -- tell them something they need to hear. They think they have all the answers, that they're the smartest guys in the room. They miss critical warning signs.

Isolated. I've seen far too many successful people develop an elitist or ivory tower mentality. They become insular in their thinking and cut themselves off from others with layers of bureaucracy and hierarchy. There are also usually physical manifestations like executive offices, suites, buildings, and assistants to keep the masses out.

Controlling. In the name of maintaining a culture of entrepreneurship, they become obsessed with keeping things the way they are. That often translates to micromanaging and controlling every little thing. They fail to let go by adding processes and infrastructure that growing businesses need to effectively scale. I see this over and over, especially in the high-tech industry.

Surrounded by yes-men. There will always be weak-minded lackeys that tell leaders what they want to hear and sugarcoat negative news to gain favor. But their power only comes from weak leaders with low self-esteem that need their egos to be constantly pumped up.

Lost the magic. Business success is nearly always the result of a number of factors. Sure, there's a product or service that customers are excited about, but there's also pricing, timing, partners, even luck. Whatever the combination, it's tempting for successful entrepreneurs to think it's all about them, not the "magic formula" that got them there.

If I build it, they will come. Entrepreneurship works in America because anyone with an idea can get funding and, if the stars are aligned, develop a hit product or service. To get out of the "one hit wonder" phase and develop a second and third successful product, however, requires a willingness to embrace marketing, sales, operations, customer service and other business functions.

The Hidden Wealth Beyond Net Promoter

Bill Lee May 10, 2012 www.blogs.hbr.org 

Net Promoter Score (NPS) is perhaps the best known customer loyalty tool around today, based on the entirely sound principle that the more customer promoters you have (i.e., customers who say on surveys that they're highly likely to refer you to a colleague or friend), the more likely you'll be to grow your business and outpace the competition. That makes powerful sense, and the continued growth and success of Net Promoter is a testament to the idea's relevance and value.
But I have found in my years of experience working across industries and sectors, that firms who embrace NPS are often leaving tremendous sources of wealth creation on the table. That's because the focus of NPS is on creating promoters, but stops short of engaging them to actually promote the business through activities like referrals, references, blogging or tweeting, speaking at industry events, or any of the myriad ways that passionate customers can help build businesses these days. The implicit assumption seems to be that NPS is only about getting customers to buy, to keep buying and to buy more. But there are many other — often far more lucrative — ways that customer promoters can create value for your firm and help grow your business.

Here are some ways to tap this unrealized source of growth:

Be intentional about customer promotion.
Many firms assume that because a customer says on a survey that he'd be highly likely to refer you, that he will in fact do so. That may not be the case at all: they need to be asked. Two studies of firms in the telecommunications and financial services industries showed that only about 10% of declared promoters actually do refer profitable new customers. That's not bad, of course, but what about the other 90%? Why not intentionally provide opportunities to such promoters and invite them to, you know, promote you?

By the way, not all referral customers are the same. Businesses that take the time to understand which customers are more likely to respond to a marketing campaign by buying, and which are more likely to respond by referring a colleague or friend — doubled the return on their campaigns, as opposed to those that treated everyone as a potential buyer.

Look for customer value beyond promoting. Loyal customers who are disposed to refer business to you probably like you a lot. Why limit the ways in which they can help you grow your business to referrals? They might enjoy helping with your sales and marketing efforts by providing references or testimonials. Or they might speak on your behalf at industry events. Or participate in your user groups or other customer communities. Or ... you get the idea.

Remarkably, even highly sophisticated firms miss these opportunities. When Coleen Kaiser took over SAP's global customer reference program, she thought it would be a good idea to have the firm's promoters — in addition to providing referrals — to provide sales and marketing references as well. (A referral occurs where a customer suggests your solution to her friend or colleague. A reference is where a customer affirms the value of your product to your prospect). As it turned out, only 20% of promoters were customer references. Indeed, very few references were identifying themselves as promoters on NPS surveys!

Kaiser took the obvious step of reconciling that anomaly — making sure that her team invited promoters into its reference program, which more than tripled their participation to 70%. It wasn't a hard sell. After all, these are customers who've said they'd be highly likely to recommend SAP. As a result, in post-sale surveys, sales people went from identifying customer references as a "neutral influence" on sales to identifying them as one of their highest rated competitive advantages.

Move beyond promoters to defenders. With the rise of social media and the ability of buyers to check out a business long before they engage with its marketing communications or sales people, the very idea of a "promoter" is looking dated. It's too passive. The concept that emerged at the 2012 Summit on Customer Engagement was "defender." That's a customer advocate who doesn't passively wait for you to invite her to promote your firm, but who is already active on the social media sites that are talking about your firm and vigilant about addressing and correcting negative comments as well as amplifying positive ones.

Salesforce.com (SFDC) and a growing number of other firms are cultivating such customers, who are often called "MVPs" (most valuable professionals). At the 2012 Summit, a panel of three such MVPs talked about their activities and wowed the audience of marketing professionals with their dedication to keeping the Salesforce.com brand strong. They blog, they attend live events, they present and sit on panels. In return, they're given front row seating and other benefits and platforms at SFDC events. And they do all this for free — any other arrangement would destroy their hard-won reputation for objectivity.

Defenders go way beyond simply being loyal customers. They identify their success with SFDC's success and both promote — and defend — the firm vigorously. In today's world, such passionate 3d party defenders can be among a firm's most powerful sources of wealth and sustained growth.

Bill Lee is president of the Lee Consulting Group, Executive Director of the Summit on Customer Engagement, and author of The Hidden Wealth of Customers: Realizing the Untapped Value of Your Most Important Asset (HBR Press, June 2012).

Jim Collins: Good to Great in 10 Steps

Kimberly Weisul May 7, 2012 www.inc.com

Management guru Jim Collins asks entrepreneurs to do 10 things that will dramatically improve their companies. What are you waiting for?
Researcher and management guru Jim Collins has authored or co-authored six books, including Good to Great and Built to Last. On his web site there are 48 articles written or co-written by him. But speaking at the Womens Presidents Organization’s annual conference last week in Atlanta, Collins boiled it all down. Do these 10 things, he said, to dramatically improve your company.

1. Download the diagnostic tool at jimcollins.com, and do the exercises with your team. Yes, I thought this was self-serving at first. Then I looked it, considered that it’s free and doesn't require you to sign up for anything, and immediately saw his point.

2. Get the right people in the key seats. This comes from Collins’ famous observation that building a company is like driving a bus. You need a driver, but you also need the right people in all the key seats. So, says Collins, figure out how many key seats you have, and make a plan that will make sure you get all the key seats filled by the end of the year.

3. Once a quarter, have a brutal facts meeting. Be careful about who you include in this meeting. You will be discussing just the brutal facts. This is not the time to express opinions or strategize. Repeat: Only discuss the brutal facts.

4. Set a 15 to 25-year big, hairy audacious goal (BHAG). This is a goal that is concrete enough, and ambitious enough, to guide your company’s progress for years. Collins writes that “With his very first dime store in 1945, Sam Walton set the BHAG to ‘make my little Newport store the best, most profitable in Arkansas within five years.’ He continued to set BHAGs, which continued to get larger and more audacious, as his company grew.

5. Commit to a “20-mile march” that you will bring you to your big hairy audacious goal. Collins makes the analogy to someone who is trying to walk across the county. The best approach, says Collins, is to attempt to travel the same distance every day. If you’re on a 2-mile march, says Collins, you don’t bolt 30 miles ahead when the weather is good. You go 20 miles. When the weather is bad, you can’t sit inside and complain – you still have make 20 miles.

What does this have to do with entrepreneurship? In his research, Collins found that companies that perform consistently do much better than those that do spectacularly one year and are feeble the next. That’s because if you overextend in good years, when opportunity appears to be everywhere, you may not have the resources to get through the lousy years. The 20-mile march is a metaphor for the milestone that you can reach day-in and day-out.

6. Place at least one really big bet in the next three years, based on having fired bullets first. No entrepreneur has unlimited resources, just as no small army has unlimited gunpowder (this metaphor may be dated, but you get the point). The best use of limited gunpowder, or resources, says Collins, is to fire bullets to ensure that your aim is calibrated properly and that you can indeed hit your target. Only when you’re sure of your ability to hit your target should you load lots of gunpowder into a cannonball and fire away. “Fire bullets to calibrate. Fire cannonballs to go big,” says Collins.

7. Practice productive paranoia. Collins says he fondly refers to his entrepreneurial subjects as PNFs, or paranoid neurotic freaks. “Successful companies have three to ten times the cash on their balance sheets as their peers even when they are very small,” says Collins. Or as one of the CEOs he studied said to him, “We’re very proud of the fact that we’ve predicted 11 of the past three recessions.”

How exactly can one practice productive paranoia? Collins recommends making a plan that will allow you to go for an entire year with no revenues, and still survive.

8. Get a high return on your next luck event. Collins says that both great and mediocre companies encounter the same amount of luck, good and bad. What matters, he says, is how well they’re able to capitalize on it. Collins refers to this as ‘return on luck.’ “How are you doing on luck?” he asks. “Have you turned your bad-luck events into a big part of what makes your company great? Are you squandering your good-luck events?”

9. Make a to-do list. “If you have more than three priorities, you don’t have any,” says Collins. For every major ‘to-do’ on your list, you should have a corresponding item that you will stop doing. The 'stop-doing' list.

10. Commit to a set of core values that you will want to build your enterprise on, without changing them, for 100 years.

Saturday, April 28, 2012

Get ready for the future…

  by Dr. Charlie Hall www.ellisonchair.tamu.edu

Whether these changes are good or bad depends in part on how we adapt to them, but ready or not, here they come!
  1. The Post Office. Get ready to imagine a world without the Post Office. They are so deeply in financial trouble that there is probably no way to sustain it long term. Email, Fed Ex, and UPS have just about wiped out the minimum revenue needed to keep the post office alive. Most of your mail every day is junk mail and bills.
  2. The Check. Britain is already laying the groundwork to do away with cheques by 2018. It costs the financial system billions of dollars a year to process cheques. Plastic cards and online transactions will lead to the eventual demise of the cheque. This plays right into the death of the post office. If you never paid your bills by mail and never received them by mail, the post office would absolutely go out of business.
  3. The Newspaper. The younger generation simply doesn’t read the newspaper. They certainly don’t subscribe to a daily delivered printed edition. That may go the way of the milkman and the laundry man. As for reading the paper online, get ready to pay for it. The rise in mobile Internet devices and e-readers has caused all the newspaper and magazine publishers to form an alliance. They have met with Apple, Amazon, and the major cell phone companies to develop a model for paid subscription services.
  4. The Book. You say you will never give up the physical book that you hold in your hand and turn the literal pages. I said the same thing about downloading music from iTunes. I wanted my hard copy CD. But I quickly changed my mind when I discovered that I could get albums for half the price without ever leaving home to get the latest music. The same thing will happen with books. You can browse a bookstore online and even read a preview chapter before you buy. And the price is less than half that of a real book. And think of the convenience once you start flicking your fingers on the screen instead of the book, you find that you are lost in the story, can’t wait to see what happens next, and you forget that you’re holding a gadget instead of a book.
  5. The Land Line Telephone. Unless you have a large family and make a lot of local calls, you don’t need it anymore. Most people keep it simply because they’ve always had it. But you are paying double charges for that extra service. All the cell phone companies will let you call customers using the same cell provider for no charge against your minutes.
  6. Music. This is one of the saddest parts of the change story. The music industry is dying a slow death. Not just because of illegal downloading. It’s the lack of innovative new music being given a chance to get to the people who like to hear it. Greed and corruption is the problem. The record labels and the radio conglomerates simply self-destruct. Over 40% of the music purchased today are “catalog items,” meaning traditional music that the public is familiar with. Older established artists. This is also true on the live concert circuit. To explore this fascinating and disturbing topic further, check out the book, “Appetite for Self-Destruction” by Steve Knopper, and the video documentary, “Before the Music Dies.”
  7. Television. Revenues to the networks are down dramatically. Not just because of the economy. People are watching TV and movies streamed from their computers. And they’re playing games and doing lots of other things that take up the time that used to be spent watching TV. Prime time shows have degenerated down to lower than the lowest common denominator. Cable rates are skyrocketing and commercials run about every 4 minutes and 30 seconds.
  8. The “Things” That You Own. Many of the very possessions that we used to own are still in our lives, but we may not actually own them in the future. They may simply reside in “the cloud.” Today your computer has a hard drive and you store your pictures, music, movies, and documents. Your software is on a CD or DVD, and you can always re-install it if need be. But all of that is changing. Apple, Microsoft, and Google are all finishing up their latest “cloud services.” That means that when you turn on a computer, the Internet will be built into the operating system. So, Windows, Google, and the Mac OS will be tied straight into the Internet. If you click an icon, it will open something in the Internet cloud. If you save something, it will be saved to the cloud. And you may pay a monthly subscription fee to the cloud provider. In this virtual world, you can access your music or your books, or your whatever from any laptop or hand held device. That’s the good news. But, will you actually own any of this “stuff” or will it all be able to disappear at any moment in a big “Poof?” Will most of the things in our lives be disposable and whimsical? It makes you want to run to the closet and pull out that photo album, grab a book from the shelf, or open up a CD case and pull out the insert.
  9. Privacy. If there ever was a concept that we can look back on nostalgically, it would be privacy. That’s gone. It’s been gone for a long time anyway. There are cameras on the street, in most of the buildings, and even built into your computer and cell phone. But you can be sure that 24/7 “They” know who you are and where you are, right down to the GPS coordinates, and the Google Street View. If you buy something, your habit is put into a zillion profiles, and your ads will change to reflect those habits. And “They” will try to get you to buy something else. Again and again. All we will have that can’t be changed are Memories.
Something to think about in terms of how you are going to do business in the future. Most of these changes are already taking place. If you want to experience an amazing look back at the history of technology, then this 13 minute video about IBM will give you a glimpse of how far we have come.

Thursday, April 19, 2012

Why Being A Meaner Boss Will Help Your Company--And Make Your Employees Happy

BY Denis Wilson | 04-13-2012 www.fastcompany.com

Everybody likes to be liked. And unless you’re the type of boss who revels in tyranny, it’s only natural to seek the favor of your underlings. But there’s a big difference between engaging with employees and fawning over them.

In an era when the virtues of a collegial and collaborative environment are widely espoused, there’s guilt associated with being a strong-handed boss. Managers are often afraid to pull rank for fear they’ll fall out of grace with their reports and spoil team camaraderie if they’re not nice. “So many leaders, supervisors, and bosses suffer from a nice-guy conflict,” says Bruce Tulgand, author of It's Okay to Be the Boss: The Step-by-Step Guide to Becoming the Manager Your Employees Need. “Managers are afraid that people will think they’re a jerk.”

Quite frankly, being nice is overrated. In fact, a 2011 study, "Do Nice Guys--and Gals--Really Finish Last?" posits that disagreeable people are more successful. The study, which appeared in the Journal of Personality and Social Psychology, showed that disagreeable people (especially men) earn more money and are perceived as better leaders. The research has too often been used to draw the conclusion that being mean is a good thing, says study co-author Beth A. Livingston of Cornell University. Which isn’t necessarily the case. Rather, the lesson here is that some people could stand to be less nice.
“Disagreeableness is a multifaceted trait,” says Livingston. Less agreeable people are generally “people who don’t really care what you think.” Unconcerned with stepping on toes or being unpopular, they cut a clear path to the brass ring and make more decisive leaders--which is especially important because building consensus often doesn't translate to success.
Let the performance be the arbiter—unless you’re running a commune.
One HR exec at a tech company tells the story of acquiring a startup with a culture that was so consensus-driven that they couldn't decide on which features to cut in order to keep projects on schedule and budget. “Products were delayed, but according to them they had the ‘best culture’ in the world,” he says.
Less-agreeable people are also more likely to advocate for themselves and for others--a huge part of being a leader. A moderately disagreeable person might have the attitude, “I’m not going to step on people willy-nilly, but I’m not going to let people step on me, either,” says Livingston.

Nice people tend to be too considerate and afraid to initiate structure, which can be trouble for a startup trying to establish itself as a legitimate business. Livingston cited Facebook's Mark Zuckerberg as a good example of someone who realized that if he wanted to continue as the creative, likable boss in flip-flops, he needed to have a bad cop around to bust some heads. “He hired [Sheryl Sandberg] from Google, and she whipped everybody into shape. They were pretty chaotic before that.”

Even in these kindler, more collaborative times, someone has to set priorities, pull the plug on an unprofitable project, or fire someone who’s not pulling his weight. If the reins lay in your hands, here are some tips to help you tighten your hold without being labeled a meanie.

Don’t Be Weak
Many bosses are reluctant managers because they’re afraid to come off as jerks, says Tulgan. “Really, if employees think a boss is a jerk, it’s when they’re too weak.” Weakling managers don’t take the time to manage on a daily basis. They let small problems build up into big problems. They pretend to be friends, but when things go south they show their true colors. And the only time they own their authority is when they’re angry with someone. “Be brave enough to own your authority before things go wrong,” says Tulgan.

Work it Out“Don’t fall for the myth of the natural leader,” says Tulgan. “If you want to be in good shape, you have to train every day.” Talk to people one-on-one, understand what their problems are, and remind them of how their role fits into the greater mission at hand. The big mistake that managers make, says Tulgan, is waiting until they have to give bad news or make a hard decision to start managing. They haven’t laid the groundwork. “If the only time you manage is when you have bad news, then every time they see you coming they’ll say ‘Oh no, here he comes.’”

Build StructureStructure is not a dirty word to employees. In many cases, they crave it. Philadelphia-based knowledge network startup, Quewey, recently brought on a CEO and the organizational changes have been welcomed by the group. “We realized that we needed a pointed decision maker,” says Michael Magill, of Quewey's business development and finance. “A lot of day-to-day decisions come up that don’t seem like big decisions, but they really mold your strategy. At a certain point, younger workers will begin to wonder who is responsible for managing the overall direction, message, and strategy of a business.” Magill says that having a defined leader has helped people understand their roles, set the founder's vision in sight, streamline processes, and increase delegation. And projects that would have otherwise remained in the brainstorming stage actually see action.

Monitor PerformanceManagers sometimes struggle with rewarding employees, fearing that others will feel passed over, like when giving out raises or offering a better office space. “Let the performance be the arbiter--unless you’re running a commune,” says Tulgan. If you keep close track of each person’s performance and what’s going on with the team, decisions will be respected. Tulgan says that leaders need to also show employees that they will help them earn promotions and find success.

Separate Wheat From The ChaffThe same goes for firing someone who’s dragging down the team. If you’re talking with your team every day and making clear what takes priority and what should be back-burnered, reports will have a clear sense of what needs to be done and you’ll know who’s delivering and who’s not. And don’t assume chopping a few heads will be received poorly by the high-performers. Says Tulgan: “Usually what managers find is that employees say, 'What took you so long?'" Low performers take up money that might otherwise be available for a raise, and they undermine teamwork. Good workers recognize this.

Share InformationSome managers try to keep too much information too close to their chest. Then when the axe comes down, folks are shocked and angered--and you come off as mean and callous. By explaining the facts up front, you’ll save a lot of heartache. For example, “If we delay this project, none of us will see our annual bonus.” Employees will respond to your transparency and know what lays ahead.

Hold Yourself ResponsibleTake ownership for bad news. If the news is a result of your own poor business decisions, take the blame, says Tulgan. “I’m gonna take a bullet, but we’re all gonna suffer.” If the news is based on a decision from above, don’t just blame it on the guys at corporate. “That undermines everybody’s confidence in the organization and the chain of command. Because that’s your source of authority, it weakens you.” Explain the business decisions that were made, and how it will affect the company.

Monday, April 2, 2012

The No-Hour Workweek: Reinventing Employee Expectations For The Modern Economy

by: Jon Stein, www.fastcoexist.com  March 28, 2012

The 9 to 5 is dead, but we’re still harnessing workers with its outdated strictures. Happy workers are more healthy and more creative, so it’s time to start giving our workers the leeway to be happy (because otherwise they work all the time). The secret: Treat them like people.

A University of Southern California researcher, Alexandra Michel, recently reported on the disastrous effects of the highly stressful work environment of investment banking, citing insomnia, alcoholism, heart palpitations, eating disorders, and explosive tempers among the health hazards of the job. These toxic working habits are not sustainable for the individual or the company. Nor, evidently, do they produce good business practices.

The poster child of bad corporate culture, banks may be the worst culprit, but they’re not the only ones fostering negative working environments. A study by Gallup-Healthways found that nearly one third of all Americans, across all ages and income levels, were unhappy or unmotivated by their careers. That’s no way for us to work, or to live.

What is a Good Job?

There’s a noticeable shift in what people value most in their careers. The New York Times studied key words in a sample of commencement speeches last year. The words “world” and “love” showed up far more often than “money” and “success.”
Is the old adage that there’s more to life than money finally sinking in? It seems there’s a nostalgic desire to return to the good old days, where people worked 9 to 5, never on weekends, consumed less, and had ample time for their families and friends.
Because that’s not going to happen, HR departments are considering dozens of ways to make their people happier and healthier, shorter working weeks, unlimited vacation days, uplifting working environments, and new policies to address core needs.
These are worthy ideas, but alone they fail to address some crucial transformations in the world around us. Technology has irrevocably changed the way we conduct business and live our lives. The 9 to 5 is dead and work is ubiquitous. We need to create new models accordingly.

The Startup Conundrum

When I founded Betterment, a better way to save and invest for what’s most important in life, my mission was to reinvent an old, broken process for the 21st century. The goal encompasses all aspects of the company: from the product itself and how we interact with customers, to the values with which we conduct business, and--most importantly--to how we nurture our team.
Startups are notorious for long hours, hard work, and high pressure. Technology means we’re permanently plugged in. Encouraging shorter hours sounds great in theory, but in reality it would likely just look good on paper. Everyone would still work all the time.
In designing a working environment that would bring out the best qualities in our team, we had to come up with a model to satisfy the demands of a startup while balancing the needs of individuals.

The “No-Hour” Workweek

The No-Hour Workweek means our team is constantly in contact. Two-thirds of our team takes customer calls on weekends, and our development team frequently works into the wee hours of the morning. We monitor social media, catch up on emails, and work on projects at night and over the weekends, and we’re constantly attending industry and networking events.
The No-Hour Workweek also means that our team members can come in at 8, 12, or not at all if they’d prefer to work remotely. It means they can work at the times they’re most productive, make family gatherings, attend to personal commitments, leave early for travel or yoga or drinks with friends.
We have tremendous respect for weekends and personal time. To balance the inevitable overtime, we take away traditional time restrictions. Our people get to lead the lives they want and be treated as the adults they are, and we get a kick-ass team that loves to work.
To be successful and to prevent it from turning into the All-Hour Workweek, the No-Hour Workweek needs a framework in place:
  1. Respect: Being connected 24/7 does not mean you place unrealistic demands on each other. If something is urgent, we treat it as such, but we don’t expect an immediate response on every item. We’ve hired people that respect each other and work as a team. They understand how to balance the priorities of our business with the various commitments and needs of their colleagues. Without this understanding, the No-Hour Workweek would spiral out of control.
  2. Focus: In a startup there is always more to do. Each individual needs to understand his or her immediate priorities and what we expect of them. With our guidance, they come up with specific, measurable goals to be reviewed every three months (and more frequently when necessary). It provides autonomy in the role and helps us work towards a common goal.
  3. Environment: It’s still important to foster team morale. Friday team lunches, regular happy hours, ping-pong tournaments, and a choice of workstations (couch, kitchen, nap-room, or desk), create a positive and cohesive work environment for our team. Despite all their options, our full team is in the office 95% of the time because they enjoy working here.
  4. Leisure time: The expectation to switch on whenever needed means encouraging employees to switch off just as frequently. We are a team of entrepreneurs, and we all know the best ideas are inspired away from the desk. Time is finite; energy is not. Rest and recuperation are the best way to boost energy levels. More energy means more creativity. More creativity means better work. And that’s a good outcome for everyone, and the world.

Friday, March 16, 2012

Why do employers value emotional intelligence over IQ?

    August 18, 2011 www.techjournalsouth.com

With smaller staffs, higher stress levels and uncertainties around the economy, are employers changing what they look for in prospective employees?                   
Thirty-four percent of hiring managers said they are placing greater emphasis on emotional intelligence when hiring and promoting employees post-recession, according to a new CareerBuilder survey.

Seventy-one percent said they value emotional intelligence in an employee more than IQ.

Emotional Intelligence (EI) is a general assessment of a person’s abilities to control emotions, to sense, understand and react to others’ emotions, and manage relationships. The national survey –conducted May 19 to June 8, 2011, with more than 2600 hiring managers and human resource professionals – reveals that EI is a critical characteristic for landing a job and advancing one’s career.

Fifty-nine percent of employers would not hire someone who has a high IQ but low EI. For workers being considered for a promotion, the high EI candidate will beat out the high IQ candidate in most cases – 75 percent said they’re more likely to promote the high EI worker.

“The competitive job market allows employers to look more closely at the intangible qualities that pay dividends down the road – like skilled communicators and perceptive team players,” said Rosemary Haefner, vice president of human resources at CareerBuilder. “Technical competency and intelligence are important assets for every worker, but when it’s down to you and another candidate for a promotion or new job, dynamic interpersonal skills will set you apart. In a recovering economy, employers want people who can effectively make decisions in stressful situations and can empathize with the needs of their colleagues and clients to deliver the best results.”

When asked why emotional intelligence is more important than high IQ, employers said (in order of importance):
  • Employees [with high EI] are more likely to stay calm under pressure
  • Employees know how to resolve conflict effectively
  • Employees are empathetic to their team members and react accordingly
  • Employees lead by example
  • Employees tend to make more thoughtful business decisions
HR managers and hiring managers assess their candidates’ and employees’ EI by observing a variety of behaviors and qualities. The top responses from the survey were:
  • They admit and learn from their mistakes
  • They can keep emotions in check and have thoughtful discussions on tough issues
  • They listen as much or more than they talk
  • They take criticism well
  • They show grace under pressure

9 reasons why people fail

By Steve Tobak  (MoneyWatch) COMMENTARY www.cbsnews.com

 

Some people are smart, competent, even driven; they just don't get anywhere. Or they get somewhere, reach a certain point, and then just like that, hit a wall. I've seen it a thousand times with people at every management level, from CEO on down. The bigger problem is that, oftentimes, they take others down with them.


Is it all attributable to the Peter Principle -- reaching your level of incompetence and then crashing and burning -- or is that just one of many reasons why people, for whatever reason, become ineffective? Well, I've thought long and hard about this and I think it comes down to nine essential failure modes.
Breathing your own fumes. Probably the most common failure mode, especially for formerly successful people, is they lose their humility and their objectivity and begin to think they have all the answers. They don't just lose perspective -- they honestly don't believe they need it.
Following your own agenda. If you're an entrepreneur and it's your baby, that's one thing. Do whatever the heck you want. But when you work for a company, you're not there to carve your own crazy path. It doesn't matter what level you're at. You're there to do the company's business, not your own. You can't be effective that way.
You run out of steam to compete in a brutally competitive world. It hasn't always been that way, but now more than ever, companies, managers and employees need to continuously refresh and reinvent themselves. In any competitive market, yesterday's value proposition may not hold true today or tomorrow.
The Peter Principle. The vast majority of folks who climbed the corporate ladder and all of a sudden seem clueless have either reached a level where they're no longer competent or have moved laterally into a position they're not suited for. And all too often, they're left there to rot.
Why the Peter Principle works                               7 signs of a high-performance company
You're losing it. I thought of all sorts of PC ways to say this, and there just isn't any. It's huge and yet nobody talks about it. People lose it. Maybe they're dysfunctional or a little unbalanced to begin with and for whatever reason -- stress, personal, whatever -- they start to go off the deep end and self-destruct. I've seen lots of people recover, but first they have to get out and get help.
Cultural disease. I once worked with a publicly traded company that had absolutely the worst reputation you could imagine. The media, customers, everyone thought they were arrogant bullies. Instead of looking at themselves, it became popular to blame it on all sorts of conspiracy theories. Everyone was out to get them. This lunacy became a sort of cultural disease that infected the entire company. No kidding.
You've lost faith in the organization. Sometimes, it isn't you. At any given time, probably half the companies out there are heading in the wrong direction: down. Think RIM (RIMM), Sprint (S), Yahoo (YHOO), AOL (AOL), Kodak (EK), it's a long list. It's hard to get up in the morning and be effective when, deep down, you feel like the organization is going nowhere.
Your strategy didn't age well. It happens all the time and for reasons that, well, have too many variables to categorize. One day your ideas are awesome, they work and everything's hunky dory. The next day you wake up and everything's changed. After all, we live in a dynamic world. Suddenly, your strategy or ideas no longer resonate with customers, your boss, the market, whatever.
You don't understand or want to play by the rules. Want to paint the world with your own colored crayon? March to the beat of your own drum? Do your own thing? Be a rebel with or without a cause? That's great, go for it. But when it comes to work, products, markets, customers, that sort of thing, you really don't get to do whatever, wherever, whenever you want.

Monday, March 5, 2012

Don't Dismiss Your Gen X Talent

Sylvia Ann Hewlett Feb. 16, 2012 www.blogs.hbr.org

Is the tide finally turning?

The Labor Department recently reported that the number of Americans quitting their jobs has begun to rise. Although the number is still quite low, it is a tentative sign that labor market mobility, which had petrified during the recession, has started to recover. Employers trusting a stagnant economy to keep top talent from leaving would do well to pay attention.
One particular demographic poised to jump is Generation X. At just 46 million in the U.S., Gen X is small compared to the 78 million Boomers and 70 million Millennials, but they wield a disproportionate amount of influence. Born between 1965 and 1978, they are the bench strength for leadership, the skill bearers and knowledge experts corporations will rely on to gain competitive advantage in the coming decades. Approaching or already in their prime of their careers, they are ready and willing to lead.
Yet their career progress has been threatened by leapfrogging Millennials and blocked by Boomers, who are postponing retirement to bulk up recession-ravaged 401(k)s. They had been promised the keys to the kingdom but are now in danger of turning into the Prince Charles of the American workforce: perpetual heirs apparent.
Unlike Prince Charles, though, Gen X'ers don't plan to stick around and hope for the crown. A recent survey from the Center for Talent Innovation (CTI) shows that 37% have "one foot out the door" and are looking to leave their current employers within the next three years.
With promotions only a scant possibility, what can employers do to keep their talent engaged and on board? Here are five options:
  • Develop corporate chameleons. "Once I've learned my job, I like to move on," says one X'er interviewed for the CTI report. "I need something new to keep things fresh." To prevent X'ers from feeling stalled and browning out, companies are rotating promising employees through different functions on a regular schedule. A Sibson Consulting survey (PDF) shows that more than half of Fortune 500 companies say they've begun shuffling potential leaders around to give them broad experience.
  • Let them learn. "I really like my company. It's a great fit," says another X'er. "But having said that, if it's the right thing, I'd jump. I won't stop learning or growing just to have a job." That's why even in the middle of a recession, smart companies are maintaining their tuition-reimbursement programs, as well as instituting mentoring and sponsorship programs that pair Boomer managers with Gen X'ers.
  • Bring them out of the shadows. Mentoring and sponsorship programs serve another purpose: They match mid-level managers with senior-level executives who can provide opportunities to enrich their career experience. Placing Xers in charge of high-visibility projects is also a way to spotlight their abilities.
  • Test their wings. Many X'ers would agree with one of their cohort who declares, "I have an entrepreneurial spirit that won't shut up." With many having been brought up as latchkey kids, Gen X is highly self-reliant; today, 70% of X'ers surveyed by CTI prefer to work independently, and 34% aspire to be an entrepreneur. Why not let them test their wings with a company-sponsored venture than risk having them fly the coop?
  • Promote partnerships. It's easy for X'ers to demonize Boomer managers as intransigent dinosaurs and Gen Y subordinates as self-aggrandizing upstarts. Break down the barriers through intergenerational partnerships and teams. Each cohort has its own strengths and gifts; sharing them will enhance everyone's abilities.
Although Gen X has been overshadowed by the demographic behemoths bracketing them, no company can afford to ignore them. Until recently, economic constraints have kept them in their current jobs. But as the recession loosens its grip, well-qualified X'ers will soon have many suitors vying for their abilities and ambitions. Smart organizations will seek to understand what motivates them in order to sustain, retain, realize, and maximize their potential.

Sylvia Ann Hewlett is president of the Center for Talent Innovation and Sylvia Ann Hewlett Associates. She is the author of 11 books, including Winning the War for Talent in Emerging Markets. Follow her on Twitter at @sahewlett.

Wednesday, February 8, 2012

The Days of "Manager Knows Best" Are Ending

Wednesday February 1, 2012 by Sujai Hajela www.blogs.hbr.org

To get a glimpse of what tomorrow's young global managers might be like as leaders, take a look at how today's young people think about communications.
For one thing, they are devoted to connectivity. In a recent survey of more than 2,800 college students and young professionals in 14 countries, Cisco found that more than half said they could not live without the internet, and if forced to choose, two-thirds would opt to have an internet rather than a car. This intense desire to be connected leads to a demand for greater flexibility: Two out of five people said they'd accept a lower-paying job if the position offered greater flexibility on access to social media, the ability to work from where they chose, and choice on the mobile devices they could use on the job. Tomorrow's young managers will share these attitudes, and workplaces will inevitably become more flexible.
For another thing, social media is quickly overtaking phones and email and becoming the dominant form of communication. Young people are driving this change, with the one-to-one mode of interacting giving way to a one-to-many mind-set. Young leaders will use social media to create a running dialog with their employees and colleagues, issuing constant updates about their projects and ideas. Employees will use it to provide instantaneous input and feedback. Workers, via this medium, will insist on having a voice in shaping the company's vision and strategy.
The demand for increased connectivity and flexibility and greater use of social media will shape and change companies from the inside out. Companies will need to think hard about these questions:
  • What is the appropriate level of openness? Should employees be prevented from slamming their bosses' ideas, for example? Should managers be restricted in the kinds of things they can say to or about employees?
  • How much blurring of public and private life is too much? Social media encourages people to mix work- and nonwork-related communication, but some workers prefer to keep their social lives strictly off-limits.
  • How can the company prevent abuse of social media? Things can get ugly quickly — all it takes is one thoughtless comment. Employees and managers need to know that there will be serious consequences for any misuse of this potentially combustible form of communication.
  • When employees from VPs to interns are sharing company information on Twitter, on Facebook, and in blogs while your competition is watching, how do you ensure that your employees understand what information is confidential and what is public?
As companies resolve these issues, management styles will evolve. The days when a leader can confidently say "I know best" will come to an end. Managers will no longer be able to communicate with just a small circle of trusted advisers — they'll be expected to interact digitally with a much broader range of people both inside and outside the company.
Not every company will be pleased by this turn of events, of course, but those that embrace it will have new competitive opportunities. With knowledge flowing more freely throughout the organization and decisions being made more quickly, the company will be able to react more nimbly to the ever-increasing pace of change.

Friday, January 6, 2012

17 Tips To Double Your Productivity In 14 Days

by Robin Sharma @ www.robinsharma.com/blog

I wanted to share 17 of the tactics I’ve learned that I know will help you lean into your productive best in this age of dramatic distraction:

1. Turn off all technology for 60 minutes a day and focus on doing your most important work.
2. Work in 90 minute cycles (tons of science is now confirming that this is the optimal work to rest ratio).
3. Start your day with at least 30 minutes of exercise.
4. Don’t check your email first thing in the morning.
5. Turn all your electronic notifications off.
6. Take one day a week as a complete recovery day, to refuel and regenerate (that means no email, no phone calls and zero work). You need full recovery one day a week otherwise you’ll start depleting your capabilities.
7. The data says workers are interrupted every 11 minutes. Distractions destroy productivity. Learn to protect your time and say no to interruptions.
8. Schedule every day of your week every Sunday morning. A plan relieves you of the torment of choice (said novelist Saul Bellow). It restores focus and provides energy.
9. Work in blocks of time. Creative geniuses all had 2 things in common: when they worked they were fully engaged and when they worked, they worked with this deep concentration for long periods of time. Rare in this world of entrepreneurs who can’t sit still.
10. Drink a liter of water early every morning. We wake up dehydrated. The most precious asset of an entrepreneur isn’t time – it’s energy. Water restores it.
11. Don’t answer your phone every time it rings.
12. Invest in your professional development so you bring more value to the hours you work.
13. Avoid gossip and time vampires.
14. Touch paper just once.
15. Keep a “Stop Doing List”.
16. Get up at 5 am.
17. Have meetings standing up.

Wednesday, December 21, 2011

Five Things You Should Stop Doing in 2012

Dorie Clark blogs.hbr.org  December 15, 2011

I recently got back from a month's vacation — the longest I've ever taken, and a shocking indulgence for an American. (Earlier this summer, I was still fretting about how to pull off two weeks unplugged.) The distance, though, helped me hone in on what's actually important to my professional career — and which make-work activities merely provide the illusion of progress. Inspired by HBR blogger Peter Bregman's idea of creating a "to ignore" list , here are the activities I'm going to stop cold turkey in 2012 — and perhaps you should, too.
  1. Responding Like a Trained Monkey. Every productivity expert in the world will tell you to check email at periodic intervals — say, every 90 minutes — rather than clicking "refresh" like a Pavlovian mutt. Of course, almost no one listens, because studies have shown email's "variable interval reinforcement schedule" is basically a slot machine for your brain. But spending a month away — and only checking email weekly — showed me how little really requires immediate response. In fact, nothing. A 90 minute wait won't kill anyone, and will allow you to accomplish something substantive during your workday.
  2. Mindless Traditions. I recently invited a friend to a prime networking event. "Can I play it by ear?" she asked. "This is my last weekend to get holiday cards out and I haven't mailed a single one. It is causing stress!" In the moment, not fulfilling an "obligation" (like sending holiday cards) can make you feel guilty. But if you're in search of professional advancement, is a holiday card (buried among the deluge) going to make a difference? If you want to connect, do something unusual — get in touch at a different time of year, or give your contacts a personal call, or even better, meet up face-to-face. You have to ask if your business traditions are generating the results you want.
  3. Reading Annoying Things. I have nearly a dozen newspaper and magazine subscriptions, the result of alluring specials ($10 for an entire year!) and the compulsion not to miss out on crucial information. But after detoxing for a month, I was able to reflect on which publications actually refreshed me — and which felt like a duty. The New Yorker , even though it's not a business publication, broadens my perspective and is a genuine pleasure to read. The pretentious tech publication with crazy layouts and too-small print? Not so much. I'm weeding out and paring down to literary essentials. What subscriptions can you get rid of?
  4. Work That's Not Worth It. Early in my career, I was thrilled to win a five-year, quarter-million dollar contract. That is, until the reality set in that it was a government contract, filled with ridiculous reporting mechanisms, low reimbursement rates and administrative complexities that sucked the joy and profit out of the work. When budget cuts rolled around and my contract got whacked, it turned out to be a blessing. These days, I'm eschewing any engagement, public or private, that looks like more trouble than it's worth.
  5. Making Things More Complicated Than They Should Be. A while back, a colleague approached me with an idea. She wanted me to be a part of a professional development event she was organizing in her city, featuring several speakers and consultants. She recommended biweekly check-in calls for the next eight months, leading up to the event. "Have you organized an event like this before?" I asked. "Can you actually get the participants? Why don't you test the demand first?" When none materialized, I realized I'd saved myself nearly half a week's work — in futile conference calls — by insisting the event had to be "real" before we invested in it. As Eric Ries points out in his new book The Lean Startup , developing the best code or building the best product in the world is meaningless if your customers don't end up wanting it. Instead, test early and often to ensure you're not wasting your time. What ideas should you test before you've gone too far?
Eliminating these five activities is likely to save me hundreds of hours next year — time I can spend expanding my business and doing things that matter. What are you going to stop doing? And how are you going to leverage all that extra time?
Dorie Clark is a strategy consultant who has worked with clients including Google, Yale University, and the National Park Service. She is the author of the forthcoming What's Next?: The Art of Reinventing Your Personal Brand (Harvard Business Review Press, 2012). You can follow her on Twitter at @dorieclark.

Thursday, December 15, 2011

How Many Customers Did You Lose Today?

Rita McGrath  blogs.hbr.org Dec. 7, 2011


My theme this month appears to be tone deafness among business designers. Cue Bank of America!
But genuinely, one of the most vexing dilemmas for senior executives is being plugged in to what is actually going on in the front lines of their business. It's all too easy to miss critically important customer experience information when one is engaging in the day-to-day grind that constitutes an executive's job. All the same, not being attuned to the way your business is perceived by customers can lead to a lot of damage.
Here's a recent example. My husband and I were traveling from Edinburgh to London, where we were to attend the Thinkers50 gala dinner, on a Monday in November. Our train was due to depart in 15 minutes, and my husband was anxious for a coffee. Aha! Conveniently located next to Track 2 was a Café Nero, one of the more ubiquitous brands of coffee shop that grew up in the wake of Starbucks' enviable success. I was given the task of watching the luggage; he went to get coffee.
Here's where it gets interesting. From my vantage point just opposite the entrance, I was able to observe customers coming and going. I was fascinated to see how many of them came and went — without buying anything — because they took one look at how long the line was and abandoned their coffee mission then and there. Intrigued, I started to count. Fully 3 people looked at the line and bailed on the thought of purchasing for every 1 person who actually made a purchase. Imagine — the café would have increased its business by 300% if everybody who thought they might like a coffee had been converted into a coffee buyer. And this is at a train station, where people risk missing a train if they stand around!
My guess is that these lost sales won't even be picked up in a corporate database. After all, how do you identify the dissatisfaction of people who were potential customers but ended up not being customers at all? How do you measure a non-event that should have been a sale?
I'm not picking on Café Nero, particularly, or the friendly people behind the counter. The business issue, however, is that their potential business was more than cut in half — in fact, cut by 75% — because they missed the obvious about buying coffee at a high-end café in a train station. This sort of thing happens over and over again because business designers miss one or more of customers' critical decision triggers. The companies that can fix this have the potential to create real profits by designing better, more complete customer experiences.
So, here's the challenge — how do you get the people who make strategy and resource allocation decisions to deeply understand what is actually happening on the front lines of their business?

Columbia Business School professor Rita McGrath studies innovation, corporate venturing, and entrepreneurship. Her latest book is Discovery-Driven Growth (2009).

To Grow, Leave What You Know Behind

John Coleman  blogs.hbr.org December 6, 2011


Last year, I was fortunate to moderate a fascinating panel discussion with Harvard's Center for Public Leadership on the topic of "Next Generation Leadership." One of the panelists, Rosalinde Torres, encouraged us to ask the following question: "What has made you successful in the past that you need to change to move forward as a leader?"
As we go through different phases in our personal and professional lives, we're called upon to adapt, to marshal skills different than those we've used in the past. And in the modern world — where the pace of technological and social change is as fast as at any time in human history, those demands on our adaptability are greater. An exceptional grocery store cashier, for example, will need a different set of skills to be a store manager as her career evolves. And those in computer repair have had to learn and unlearn a myriad skills over the past 30 years to keep pace with the changes happening around them.
So what skills do you need to modify or leave behind to grow? For me, a few suggestions come to mind.
Stop seeking answers; start asking questions. In our 20+ years of education, we have been trained to get ahead by having the right answers — to tests, to class questions, to business problems. But the most difficult challenges require leaders who can identify and ask the right questions.
The world needs great problem-solvers, but it also needs people who can make sure their organizations focus on the right problems and miss nothing in the process. One of the more intellectually impressive senior executives I've worked with asked questions twice as often as he offered answers. As a result, the people who worked for him always took full responsibility for their work — because they knew they'd have to answer a stream of deep and thoughtful questions as soon as they entered the boardroom. This leader's questions not only showed his thoughtfulness and helped drive deeper solutions, but they created ownership among the people who worked for him.
Focus on people, not problems. Junior businesspeople often work on heavily analytic, stand-alone problems. They're asked to build models and plans — to find the "right" solution. But the most difficult problems can't be solved and implemented by individuals alone. Good leaders can't just get the right answer. They have to involve people — those who will ultimately implement their programs and those teammates who can help them solve the problem faster and better than they could on their own.
When an individual becomes too rigid about his or her "own" solution at the expense of working collaboratively with others, that individual often loses the momentum to generate change and misses the valuable insights of his or her peers in the process. A famous example of collaboration in the face of a difficult problem — no matter your thoughts on the project itself — is the Manhattan Project. The project, which ultimately led to the construction of the first atomic bomb, was led by General Leslie Groves. Knowing he couldn't handle the project by himself (and neither could anyone else), he called upon as many great minds and competing perspectives as possible to come to the right solutions collaboratively and created an environment in which they could implement against that plan.
Stop working as a generalist. Many of us have lived life so far as generalists — "Jacks of all trades," so to speak — focused broadly on a variety of skills, functions, or industries. Sure, we may have picked some topics on which to become knowledgeable, we've chosen professions, and we've completed "majors" or built specific skills. But by-and-large, we've cast our nets wide, learning broadly to gain context about the world around us. At some point, however, most of us will need to generate proficiency in a very specific topic, both because it makes us valuable sources of expert knowledge and teaches us the habits of mind to generate deep insight.
Take, for example, Steve Jobs's early obsession with calligraphy. After dropping out of Reed College in 1972, Steve spent months immersed in calligraphy, which, at Reed, was an incredibly strong program. In his words, "I learned about serif and sans serif typefaces, about varying the amount of space between different letter combinations, about what makes great typography great. It was beautiful, historical, artistically subtle in a way that science can't capture." That experience not only helped Steve build the practical toolkit to create beautiful text and designs, but also improved and sharpened his mind, attention to detail, and his fascination with design.
You may be at a different stage in life — a great "people" manager who needs to work on her problem-solving or a specialist who needs to broaden his experience — but I've found that as my professional career evolves to include more collaboration, management, and implementation, the skills I've depended on, while helpful in their time, need to evolve for successful growth. These adjustments provide new areas of focus that may be common to a number of young leaders who are making the transition from individual contributor to manager as they advance in their careers.
What do you think? In your own work life, what are the traits that have made you successful in the past that you'll need to leave behind to be successful in the future?
John Coleman is a coauthor of the new HBR Press book, Passion & Purpose: Stories from the Best and Brightest Young Business Leaders.

Wednesday, October 12, 2011

Why You Should Stop Focusing on Your Quality Standards

By | October 11, 2011    bnet.com   

Nod your head if you think, as a business owner standing at the helm of your entrepreneurial ship, that your opinions on quality are the most important opinions of all.
Did you nod? If you did, you’re wrong.
Every business has quality standards. Many see those standards as a way to differentiate their products or services. The problem is those standards often bear little relationship to actual customer needs and expectations.
The auto repair shop where we used to have our cars serviced is a great example.
Once service is complete they clean vehicle interiors, not because they make a mess but because they think it sets their business apart. They take it so seriously the owner even calls the next day to make sure his guys did a great job vacuuming, cleaning windows and seats, etc. It’s a nice touch, but one I really didn’t care about — especially since they never came close to hitting their repair time estimates (”two hours” usually meant four hours) and “guaranteed satisfaction” sometimes meant I would indeed be satisfied… after I took a vehicle back a second time.
To the owner quality obviously meant a clean car. To me, quality meant the car got fixed the first time and within a reasonable approximation of the estimated time frame. No amount of cleanliness overcomes a poor repair job or an interminable wait in the lobby. I will happily give up a cleaner car for reliable service — and, in fact, I did.
Think that’s an unusual example? Look around; many businesses put their quality emphasis in the wrong place because the owners decided what “quality” means without consulting the only audience who matters — their customers. If you want to grow your business, your customers must define quality — not you.
Here’s how to make sure your quality standards match the expectations and needs of your customers:
  1. Analyze your best customers. Why do they keep coming back? Why are they loyal? Long-term customers are customers whose needs are consistently met. If you don’t know why they’re so loyal, ask. Call and say, “We want to serve you even better. What do we do really well… and what can we do even better?” They’ll tell you. And if you find out what your best customers care about most is the relationship you’ve built with them, no problem. That means the quality of the relationship will be important to other customers too. Your best customers often provide a blueprint for creating more great customers.
  2. Determine why you lost customers. Customers come and go, and when they go it’s for a reason, since switching often costs time and money. What needs did you fail to meet? Just don’t say it’s just a price issue; price is often not the primary driver behind purchase decisions. If it was, we’d all live in studio apartments, eat our meals at home, and drive a Ford Fiesta. When you lose customers you didn’t meet their standards for quality in product, service, or relationship. Figure out where you missed the mark.
  3. Reverse engineer your competition. The top companies in any field meet the quality standards of their customers — and don’t waste resources on standards that are unimportant. If you’re just starting out, your competition indicates what customers care about most.
  4. Then decide what you can afford to do. No offense to Philip Crosby, but quality is not free. Quality always comes at a cost. What do your customers need that you can afford to provide? You may not be the finest dining experience in your town… but you could be the best value or have the best service. You may not be able to afford expensive packaging, but you may be able to always meet delivery schedules. You may not be able to provide a live chat function on your website, but you may be able to answer every email within twenty minutes.
  5. And don’t go too far. Improved quality typically involves diminishing returns. A little variation is usually not a problem. If you ship orders within 24 hours and customers are happy, don’t push to create same-day shipping capability just because you think that’s “better.” The money you spend will be wasted on something customers don’t care about.
No business can choose to do everything — just make sure that whatever you do is based on your customer’s needs. Your feelings on quality, while interesting, are irrelevant.
Let your customers define quality; they’ll be happy to.

Monday, September 19, 2011

Nine Things Successful People Do Differently

Heidi Grant Halvorson, Ph.D  HBRBLOG.org

Why have you been so successful in reaching some of your goals, but not others? If you aren't sure, you are far from alone in your confusion. It turns out that even brilliant, highly accomplished people are pretty lousy when it comes to understanding why they succeed or fail. The intuitive answer — that you are born predisposed to certain talents and lacking in others — is really just one small piece of the puzzle. In fact, decades of research on achievement suggests that successful people reach their goals not simply because of who they are, but more often because of what they do.
1. Get specific. When you set yourself a goal, try to be as specific as possible. "Lose 5 pounds" is a better goal than "lose some weight," because it gives you a clear idea of what success looks like. Knowing exactly what you want to achieve keeps you motivated until you get there. Also, think about the specific actions that need to be taken to reach your goal. Just promising you'll "eat less" or "sleep more" is too vague — be clear and precise. "I'll be in bed by 10pm on weeknights" leaves no room for doubt about what you need to do, and whether or not you've actually done it.

2. Seize the moment to act on your goals.
Given how busy most of us are, and how many goals we are juggling at once, it's not surprising that we routinely miss opportunities to act on a goal because we simply fail to notice them. Did you really have no time to work out today? No chance at any point to return that phone call? Achieving your goal means grabbing hold of these opportunities before they slip through your fingers.
To seize the moment, decide when and where you will take each action you want to take, in advance. Again, be as specific as possible (e.g., "If it's Monday, Wednesday, or Friday, I'll work out for 30 minutes before work.") Studies show that this kind of planning will help your brain to detect and seize the opportunity when it arises, increasing your chances of success by roughly 300%.
3. Know exactly how far you have left to go. Achieving any goal also requires honest and regular monitoring of your progress — if not by others, then by you yourself. If you don't know how well you are doing, you can't adjust your behavior or your strategies accordingly. Check your progress frequently — weekly, or even daily, depending on the goal.

4. Be a realistic optimist.
When you are setting a goal, by all means engage in lots of positive thinking about how likely you are to achieve it. Believing in your ability to succeed is enormously helpful for creating and sustaining your motivation. But whatever you do, don't underestimate how difficult it will be to reach your goal. Most goals worth achieving require time, planning, effort, and persistence. Studies show that thinking things will come to you easily and effortlessly leaves you ill-prepared for the journey ahead, and significantly increases the odds of failure.

5. Focus on getting better, rather than being good.
Believing you have the ability to reach your goals is important, but so is believing you can get the ability. Many of us believe that our intelligence, our personality, and our physical aptitudes are fixed — that no matter what we do, we won't improve. As a result, we focus on goals that are all about proving ourselves, rather than developing and acquiring new skills.
Fortunately, decades of research suggest that the belief in fixed ability is completely wrong — abilities of all kinds are profoundly malleable. Embracing the fact that you can change will allow you to make better choices, and reach your fullest potential. People whose goals are about getting better, rather than being good, take difficulty in stride, and appreciate the journey as much as the destination.

6. Have grit.
Grit is a willingness to commit to long-term goals, and to persist in the face of difficulty. Studies show that gritty people obtain more education in their lifetime, and earn higher college GPAs. Grit predicts which cadets will stick out their first grueling year at West Point. In fact, grit even predicts which round contestants will make it to at the Scripps National Spelling Bee.
The good news is, if you aren't particularly gritty now, there is something you can do about it. People who lack grit more often than not believe that they just don't have the innate abilities successful people have. If that describes your own thinking .... well, there's no way to put this nicely: you are wrong. As I mentioned earlier, effort, planning, persistence, and good strategies are what it really takes to succeed. Embracing this knowledge will not only help you see yourself and your goals more accurately, but also do wonders for your grit.
7. Build your willpower muscle. Your self-control "muscle" is just like the other muscles in your body — when it doesn't get much exercise, it becomes weaker over time. But when you give it regular workouts by putting it to good use, it will grow stronger and stronger, and better able to help you successfully reach your goals.
To build willpower, take on a challenge that requires you to do something you'd honestly rather not do. Give up high-fat snacks, do 100 sit-ups a day, stand up straight when you catch yourself slouching, try to learn a new skill. When you find yourself wanting to give in, give up, or just not bother — don't. Start with just one activity, and make a plan for how you will deal with troubles when they occur ("If I have a craving for a snack, I will eat one piece of fresh or three pieces of dried fruit.") It will be hard in the beginning, but it will get easier, and that's the whole point. As your strength grows, you can take on more challenges and step-up your self-control workout.
8. Don't tempt fate. No matter how strong your willpower muscle becomes, it's important to always respect the fact that it is limited, and if you overtax it you will temporarily run out of steam. Don't try to take on two challenging tasks at once, if you can help it (like quitting smoking and dieting at the same time). And don't put yourself in harm's way — many people are overly-confident in their ability to resist temptation, and as a result they put themselves in situations where temptations abound. Successful people know not to make reaching a goal harder than it already is.

9. Focus on what you will do, not what you won't do. Do you want to successfully lose weight, quit smoking, or put a lid on your bad temper? Then plan how you will replace bad habits with good ones, rather than focusing only on the bad habits themselves. Research on thought suppression (e.g., "Don't think about white bears!") has shown that trying to avoid a thought makes it even more active in your mind. The same holds true when it comes to behavior — by trying not to engage in a bad habit, our habits get strengthened rather than broken.
If you want change your ways, ask yourself, What will I do instead? For example, if you are trying to gain control of your temper and stop flying off the handle, you might make a plan like "If I am starting to feel angry, then I will take three deep breaths to calm down." By using deep breathing as a replacement for giving in to your anger, your bad habit will get worn away over time until it disappears completely.
It is my hope that, after reading about the nine things successful people do differently, you have gained some insight into all the things you have been doing right all along. Even more important, I hope are able to identify the mistakes that have derailed you, and use that knowledge to your advantage from now on. Remember, you don't need to become a different person to become a more successful one. It's never what you are, but what you do.