Taking A Chance on New Ideas
If you are being very truthful with yourself, would you say it is possible that you could use some refreshed, and very common sense, pointers for setting strategy? Or making critical business decisions? Or solving any of the challenging problems that come your way?
I thought so, and that is why I feel quite sure you will enjoy “Strategy and the Art of Motorcycle Maintenance”. This is a short, but excellent article from McKinsey & Company that offers seven wonderful lessons which each become useful tips that every leader can benefit from.
To put yourself in the best mindset for really internalizing these useful suggestions, however, a quote from the end of the article is worth considering first. The author, Chris Bradley, notes that his mid-life push into motorcycling took him out of his comfort zone. He says, “There is something about becoming a novice again that … builds a great sense of renewal”.
It’s about opening yourself up to new ideas and new ways of doing things.
Life is a journey, and business is too. Enjoy the ride!
To read the full article, you can go to Read More Here.
True Leaders Believe Dissent Is an Obligation
“Humility in the service of ambition is the most effective and sustainable mindset for leaders who aspire to do big things in a world filled with unknowns”.
So argues Fast Company cofounder William C. Taylor, in this concise but thought-provoking piece posted on HBR.org.
Taylor, author of Simply Brilliant: How Great Organizations Do Ordinary Things in Extraordinary Ways, chips away at some common misperceptions of leadership, including the idea that leadership means giving direction rather than taking it, and the notion that having ambition precludes exercising humility.
He believes the most effective leaders are ones who successfully create a culture in which individuals are not only willing to express dissenting opinions, but feel obliged to. This requires both self-assurance and a whole hearted belief in the value and positive potential of encouraging thoughtful dissention.
We teach our children to speak up and speak out, not to follow the crowd blindly, and to take a stand when it matters. So why shouldn’t we want and expect the same of our employees?
Read More Here
Stop Trying to Sound Smart When You’re Writing
“Great writing for the sake of great writing is best left to poets and novelists. Great business writing should deliver its content without getting in the way. Invest your energy in choosing words that will inspire the actions you’re looking for and strip away anything that will detract from your core message.” – Liane Davey, Harvard Business Review, October 2016.
Here are some practical business writing tips from Liane Davey, author of You First: Inspire Your Team to Grow Up, Get Along, and Get Stuff Done and a coauthor of Leadership Solutions: The Pathway to Bridge the Leadership Gap.
My favourite is “Eliminate fancy-pants words.” Couldn’t agree more!
Read More Here
Speed – A Critical Competency
Speed is the ultimate weapon in business. It is the defining characteristic that separates the truly few who are competitive from the much larger mass of the bland and mediocre. Do you believe this? Do you believe speed in decision making and speed in execution are vital? Is speed a key component of your organizational DNA? What are you doing to increase the speed and metabolism of your organization?
Things are happening faster and faster all the time. That’s not going to change. Speed and agility are the twins you need on your side in order to succeed. Dave Girouard, CEO of Upstart, and former President of Google Enterprise Apps, has it right when he says, “All else being equal, the fastest company in any market will win. Speed is a defining characteristic – if not the defining characteristic – of the leader in virtually every industry you look at”.
In his article entitled “Speed as a Habit”, Girouard shares what he calls the building blocks of speed. He then goes on to present his views on developing speed as an organizational habit, making it part of your culture and leadership brand. In our view, Girouard is right on the mark, but it certainly challenges much of what we have been led to believe. As a result, it requires leaders to consider how they may need to change their habits in light of a changing world and an increasingly hypercompetitive landscape.
To read the full article, you can go to Read More Here
But … don’t put it off till tomorrow. Speed matters.
Why you should know how much your coworkers get paid
From time to time, I come across a TED talk that is notable in terms of challenging traditionally-held views, and widely-spread conventional business practices.
David Burkus’ TED talk on salary openness and total pay transparency is one such talk.
Think about it.
If I were to give a TED talk on how teams should work better together, how managers should listen to their employees more, how important innovation is to organizational success, few people would resist the message or openly disagree. Putting those ideas into practice might be a more difficult task, but conceptually I would have virtually all of my audience on board from the outset.
If, however, I were to give a TED talk on how every employee in an organization should know what every other employee earns… excuse me? You’re joking, right? This is a concept that challenges even the most progressive of us, and would immediately be met with open resistance by many.
And yet, this is exactly what Burkus’ TED Talk recommends.
Even more remarkably, he explains how this model can benefit, and not hurt, organizations as a whole. Pay secrecy leads individuals to assume they are underpaid, or paid less than their colleagues, even when they are not. Remove the secrecy, Burkus contends, and organizations provide an increased sense of fairness and collaboration inside the company. He claims this makes happier more motivated employees, contrary to the assumption that such a practice might cause jealousy and discord.
From the employee’s perspective, removing pay secrecy and information asymmetry allows parties to negotiate in better faith, and not feel taken advantage of. It may, in fact, prove to be the easiest way to eliminate the gender wage gap, and other arbitrary, real or imagined, pay disparities in the workplace.
This is definitely a thought-provoking TED talk worth watching.
Read More Here
Strategy and Leadership – A Union that Matters
Does inspired strategy or masterful leadership contribute more to your organization’s success? In the business context, this could be a debate as fundamental as nature versus nurture. Do you have a view?
I have just read an article on Wharton’s online site, knowledge@wharton, that I think is a real goldmine. It is entitled “Management 101: The Marriage of Strategy and Leadership” and is actually an interview with two Wharton professors, Harbir Singh and Mike Useem. After many years of teaching, Singh and Useem have determined that the best leaders must excel in both leadership and strategy, and that is the basis of their book “The Strategic Leaders’ Road Map: Six Steps for Integrating Leadership and Strategy”.
With numerous examples, such as P&G’s acquisition of Gillette and the Renault Nissan Alliance, the authors make their case for the equal importance of strategy and leadership. They also illuminate the downfalls of allowing your organization to emphasize one over the other.
I really think this is a must read, and know you will find it thought provoking if you can put aside a few minutes to take it in.
To read the full interview (or watch the video), you can go to Read More Here