Entries from October 2009
Ok ok… Too many book reviews! I know. Unfortunately this last book that needs to go back to the library TODAY is going to drive many many more of them. I just finished Guy Kawasaki’s Reality Check. 
. Full disclosure, I *love* Guy Kawasaki and I have ever since I read “The Macintosh Way” back in 1993 when I worked for IBM. My team was trying to learn how to evangelize products like the did at Apple – and Guy was the best.
He still hasn’t changed. He is funny, he uses great stories to illustrate his points, AND he brings in a lot of published experts to help him make his case. Hence my realization that I will be reading more books – many many more books. This is a fantastic book for anyone who wants to start or run a company. A bit of the content in here can be found on his blog as well as some in the presentation “The Art of the Start” which you can find on my twitter feed.
One of my favorite quotes is “If the two most popular words in your company are “partner” and “strategic,” and “partner” has become a verb, and “strategic” is used to describe decisions and activities that don’t make sense, it’s time for a reality check.” This is so true. If the partnership doesn’t enhance BOTH of your bottom lines in some way then it isn’t worth doing!
Other concepts that I have seen in real life before include:
- For a new product – add 6 months to a year to your scheduled ship date depending on the status of your prototype.
- For new product sales – take your “conservative” top down estimate and divide it by 100!
Yep, sounds crazy but I’ve worked for companies creating very complex new products that were well over a year late! One was a startup, one was a big company that should have known better.
I’ve also been in all hands meetings where month after month the sales pipeline looked so huge, but nothing ever managed to close. Because the sales projections were so high we all felt like a bunch of losers. It takes a lot of time to sell a new product if you are an unproven startup!
This book is great. It talks about raising money, planning and executing, innovating, marketing and much much more. I highly recommend it.
Categories: Book Reviews · Corporate Strategy
Tagged: Culture, Management
Continuing on my book review binge – today I’ll talk about “The Inspiring Leader” by Zenger & Folkman. 
This is a followup book to their Extraordinary Leader tome that I recently read. I have to say that I was a little bit disappointed by this book. On the whole, it wasn’t bad, but it was very predictable. There was really nothing in it that made me go “AH HA! That’s the key!” I found it to all be common sense and many of the studies and literature that they referenced were things that I have already read. I do think that this book has value, especially for someone who hasn’t been in the management trenches for a long time or for someone who really isn’t big on reading management theory or self-help books in this area. It’s a good concise read that gathers a lot of loose ends together.
I do think that one thing really bears repeating. Extensive studies show that positive communication is critical to high performing teams. As in marriages, the ratio of positive comments (approval, praise, support, compliments etc) to negative ones was one of the highest predictors of success or failure for a team effort. The best performing teams received positive-negative feedback in a 5-1 ratio. The worst performing teams received 1 positive for every 3 negative comments. As a leader you have a lot of control over that. You set the stage. You are the role model that the team follows.
Have you ever worked for a leader who was critical of everything that you did? I have. That sure didn’t make me want to work harder because it really didn’t matter what I did, it was wrong, bad, not good enough. Maybe I am a little sensitive, but it made me want to curl up into a ball and go into protective/defensive mode. On the other hand, when I had a leader who recognized the difficult things that I did, or pointed out specific – very concrete – behaviors and accomplishments that they appreciated I would double my effort to help them be successful.
Another thing that I thought was valuable and too infrequently used is leader visibility. If you want to drive certain behaviors in your company you need to walk the talk and you need people to see that you do that. There should be no double standards for you versus them. Hold all hands meetings and be transparent to your employees. Allow them to interact with you and answer the tough questions honestly, don’t dance around issues. Practice management by walking around. Talk to your employees, show and interest in what they are doing, ask how they are. If your organization is divided across multiple locations – visit – FREQUENTLY. Out of sight = out of mind. A visit from a leader can have a strong positive motivational impact. Of course this depends highly on the leader’s behavior while in the remote office. Even though you are the leader, you are still a guest in that office. Show up on time based on the local conventions – do not force the entire office to bend to your whims and time frames when you are there. Be a true role model.
Categories: Book Reviews · Leadership
Tagged: Communication, Leadership, Management, Motivation, Transparency
My book commentary continues this week. You may be wondering what is going on with this… Well, after years of not living close to a public library I discovered one right next to my veterinarian. It’s not that convenient, but its not that far either. I picked up 5 books that I thought I could finish before their due date. It seems that I bit off a little more than I can chew, but never being one to give up – and refusing to succumb to “online renewal” I am plowing through. I am finally reading some classic business books (and some new ones too) that I just haven’t had the time for. This installment features “Good to Great” by Jim Collins. 
This book gets my dander up for a lot of different reasons. Some are logical and some are a little irrational. My first issue with the book is that the world has changed so much since it was published. (2001) I like the concepts and all, but when I am reading about Fannie Mae, Nucor, and Wells Fargo as great companies there’s this little voice in the back of my mind saying “these guys all *screwed* up – does this research make ANY sense anymore???” Funny thing is that in the Epilogue the author addresses questions about his research. This was one of the questions – what about the companies that aren’t so great anymore? He acknowledges that it never is easy for companies to stay great and sometimes leaders let their egos get involved to cause this. I wish he would have put this in an introduction instead. That would have made reading this book a lot more pleasurable for me.
This book is also going to make me revisit my “Are you a hedgehog or a fox” post at some time. Clearly I need to do more research in this area because when it comes to leading a great company, being a hedgehog (albeit in a slightly different context than my previous post) is a GOOD thing. Companies who are singlemindedly driven toward a goal they are passionate about and that they can be the best at in the world are successful. None of that namby pamby running from idea to idea trying to jump start success happens in great companies. This hit home for me and it made me really angry. I’ve worked for those companies (more than one!) that tried to buy success in this way. What they ended up doing was frittering away millions of dollars of money that could have been used to build what they were really strong at and had people that were passionate about(and actually could be very successful selling). Instead, their leadership went on a huge ego trip and there was a flavor of the week idea that had to be implemented “now”! Talk about crazy.
The final thing that I appreciated is the concept of a Level 5 leader. We surely could use more of them running our companies in this country. Humble, modest, “we” focused, not “I” focused, has a goal of being the best, driven to succeed. This leader is not your charismatic leader. They don’t have to be. Their job isn’t to motivate their staff, but to make sure that they have the right people in the company who are willing to confront the circumstances – “the brutal facts” – and work to be successful despite of them.
“Now, you might be wondering, “How do you motivate people with brutal facts? Doesn’t motivation flow chiefly from a compelling vision?” The answer, surprisingly, is, “No.” Not because vision is unimportant, but because expending energy trying to motivate people is largely a waste of time. One of the dominant themes that runs throughout this book is that if you successfully implement its findings, you will not need to spend time and energy “motivating” people. If you have the right people on the bus, they will be self-motivated. The real question then becomes: How do you manage in such a way as not to de-motivate people? And one of the single most de-motivating actions you can take is to hold out false hopes, soon to be swept away by events.” Amen brother.
Categories: Book Reviews · Corporate Strategy
Tagged: Ego, Leadership Types, Management, Motivation
