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Scooped by
Linda Holroyd
September 4, 2014 3:15 PM
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Ah, meetings. Can’t live with them, can’t live without them. Being happy at work is important, of course. Being with other people generally boostsmood, and ideally, meetings should be a source of energy, ideas, and collegiality. But it doesn’t always work out that way. Meetings are also a place where people jockey for position, work out disagreements (nicely or not-so-nicely), and hurt each other’s feelings. In one of my previous job incarnations, I worked in a meeting-intensive environment. After a while, I noticed that one person, when in a meeting, consistently made me feel angry and defensive—but I couldn’t figure out why. He never attacked me, in fact, he was nice to me. Or so I thought. Then I took a closer look at the kinds of things he said. If you’re feeling annoyed or undermined at a meeting, consider whether any of these strategies are being aimed at you. And if you don't want to annoy or undermine other people, avoid talking this way: 1. “I don’t need all the details. Let’s just get to the bottom line.” The speaker implies that others are quibblers and small-minded technicians, while deflecting the possible need to master complicated details himself. 2. “Well, these are the facts.” The speaker emphasizes that she attends to hard facts, while implying that others are distracted by prejudice, sentiment, or assumption. 3. “You might be right.” The speaker seem open-minded while simultaneously undermining someone else’s authority and credibility. 4. “I’m wondering about ____. Pat, please get back to us on this.” The speaker demonstrates his habit of reasoned decision-making, while making Pat (who may not actually report to him) do the necessary work and report back. 5. “You did a great job on that, Pat!” The speaker shows a positive attitude, while showing that she's in the position to judge and condescend to Pat. (I must admit, I remember one incident where I did this very consciously. I was furious at someone, and at the next big meeting that we both attended, I gushingly complimented him in a way that drove him nuts.) 6. “I think what Pat is trying to say is…” The speaker shows that he's a good listener and give credit to others, while demonstrating that he can take Pat’s simple thought further than Pat could. 7. “I can see why you might think that.” Variant: “I used to think that, too.” The speaker sounds sympathetic, while indicating that she's moved far ahead in understanding. Of course, a person could say all these things without being undermining. It depends on context and motivation. Still, it’s useful to think about how seemingly innocuous comments might carry an edge. What other actions make you unhappy in a meeting? When two people write each other notes or whisper, when someone is obviously reading unrelated material, when people argue about philosophical matters irrelevant to the matter at hand, or surreptitiously check a phone? What am I forgetting?
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Scooped by
Linda Holroyd
September 3, 2014 1:22 PM
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Life is always telling us what we need to START doing. But it does not concentrate as much on the things we need to STOP doing. We use all kinds of strategies to stop our life, love, and leadership and we have all kinds of mechanisms that we have cultivated in order to stop moving forward. There are people who will laugh just so they can stop their tears. There are people who will be center of attention just so they can stop feeling lonely. There are people who will pretend to be happy just so they can stop their sadness. What we don’t realize is that sometimes our behaviors keep us hidden from our greatness. If we are to be successful this year in our life, leadership, and loving, we might need to put a stop to a few things I have put together a short STOP list. Feel free to add your own items. LIFE: Stop being late. Stop being so sad. Stop bragging. Stop doubting yourself. Stop being so anxious. Stop thinking you are the only one suffering. Stop complaining. Stop being so dramatic. Stop being a martyr. Stop being so ashamed. Stop doing things you don’t believe in. Stop thinking you are not worthy. Stop being so angry. Stop lying. Stop wondering “what if.” LEADERSHIP: Stop interrupting. Stop over scheduling. Stop being bossy. Stop being afraid of success. Stop working so hard for so little. Stop being a perfectionist. Stop being judgmental. Stop sabotaging yourself. Stop being hypocritical. Stop being narcissistic. Stop criticizing others. Stop having an affair. Stop being an enabler. Stop being a cliche. Stop craving public attention. LOVING: Stop settling. Stop being mean. Stop arguing. Stop being unhappy. Stop looking over your shoulder for better. Stop being moody. Stop running from relationships. Stop blaming yourself. Stop being selfish. Stop apologizing for yourself. Stop being rude. Stop philandering. Stop being down on yourself. Stop being spoiled. Stop being afraid of commitment. To stop is to change and to change is to transform. What we have been doing does not have to become our fate. We can always choose to stop: Stop impacting our lives in negatives ways. Stop defining our moments by the behaviors of the past. Stop reliving our habits that don’t work for us. And, most of all stop apologizing for who we are. Life is about learning, growing, and constantly developing. We have starting many things, we are learning many things, and sometimes we have to stop many things. You can’t stop the future or rewind the past, but you can stop what is not working in the present. The time to stop is now because everything we want to achieve, to learn, to share can begin right now. If we don’t live within our best, if we don’t love with all our heart, if we don’t lead with compassion, then when will we?
Lead From Within: be the kind of leader who stops competing, stops judging, stops comparing, stops blaming and become a better you. For who?For you. When? Now!
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Scooped by
Linda Holroyd
September 2, 2014 3:30 PM
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It all began with an e-mail from his daughter, Avery, with the subject line: "Is this okay to send?"
Avery had gotten her first post-college job as an assistant to the co-executive producer to a new network daytime TV talk show. She wanted to ask her new boss for a later start date so she would have more time to “tie up loose ends.” It was then her Dad, Ben Carpenter, realized that today’s young people don’t really know what is expected of them in the real world—the “big leagues”. They didn’t know how the working world actually worked.
So Carpenter sat down to write The Bigs. It is advice for recent college graduates and young professionals of course, but really for anyone working in the Bigs about the kinds of issues they will encounter. The book is not just a how-to book of bullet points, but it is filled with stories from Carpenter's own life that give the advice credibility and context. They are well worth reading to help you get your bearings.
Not all of the advice is new but it is the “uncommon sense” we all need to get along and influence the people around us in a positive way. Consider these thoughts:
It is ironic this issue tripped me up so badly because I believe my normally rigorous adherence to my Golden Rule was a major reason, from early on, I was viewed as a leader at Greenwich Capital. The lesson is … always follow the Golden Rule and never say anything negative about anybody in your company. To do otherwise is unprofessional, unnecessary, and more often than not will come back to haunt you.
Take responsibility for all mistakes you make and, if you are a competent and valued employee, when you do take responsibility it will be viewed as a sign of strength, not weakness, by your co-workers.
Understand that how your boss views you will be largely a function of how your peers and subordinates see you.
Whatever qualities you look for in a spouse, please include “a happy person” at or near the top of your list.
While you are looking towards the future, and the goals you hope to accomplish, you need to appreciate the blessings you have today. Just like choosing to be happy, you can choose to appreciate what you have. If I could give one gift to those I love the most, it would be for them to always appreciate what they have.
Leave you baggage at home. The insecurities and resentments from your childhood will just slow you down or, in some cases, sabotage your plans entirely. Yu are now a full grown man or woman and it is time to sand up, take responsibility, and start building the life you want to live. You may not yet have had a shock dramatic enough to make you drop your childhood baggage. However, you need to appreciate how stunningly different the real world is from your previous life as a student and seize this moment to make a fresh start.
Choosing a career you can do well, rather than doing what you want, might sound unappealing, but it isn’t. The reason is the satisfaction you get from being good at your job. From my personal experiences, as well as observing family, friends, and co-workers, I know most professionals are most happy doing what they are good at.
The most important advice I can give you about how to get a great job is to arrange for informational interviews with junior staff at a company before you have a job interview. In any good-sized company or department there should be no need to reinvent the wheel. Imitate the actions of the star employees and then use your creativity and talents to perform even better.
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Scooped by
Linda Holroyd
September 2, 2014 12:41 PM
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To stay relevant in today’s business world requires a fierce desire to learn, to improve, and to adapt. To do so, it’s important—vital—to question everything (just be tactful if it’s your boss that you’re questioning). Organizations are only as good as the people who work there, the people who make the brand what it is . To get—and stay—ahead of the competition, it is critical to put yesterday’s “wins” aside and focus on winning today. Here are six ways to build a learning culture in your company: Assign a “sea daddy.” When I first showed up to SEAL Team Four as the proverbial new guy, I was assigned a “sea daddy,” which is just the Navy’s term for mentor. A sea daddy (or mommy, nowadays) is responsible for teaching a new hire the ins and outs of the business, what is right, what is wrong, and what to never, ever do under any circumstances. New hires sometimes lack one of two things: life experience, or the business context to make effective decisions, and this is the role a sea daddy—or mentor—serves; to guide that new hire so he or she can one day enable others to do the same. Make mistakes. It’s important—crucial—to institute a culture of learning, and to do so, leaders must embrace failure as a means for improvement, rather than an absolute state that can’t be changed . Knowing is growing (sorry for the cheesy cliché), and if people aren’t willing to share their lessons learned then mistakes will continue to be made at the most inopportune times. And then it’s too late. SEAL trainees scan the room for possible threats as part of a SEAL qualification training exercise. Students spend two weeks learning the basics of securing a room from possible threats. U.S. Navy photo by Mass Communication Specialist 2nd Class Christopher Menzie (RELEASED) (Photo credit: Wikipedia) Review as a team. This is valuable not only for new hires but for everyone. An after action report (AAR), or post-mortem, explores a project from beginning to end while examining all processes and decisions in between. Specifically, the intent is to look at what was expected to occur compared with what actually happened. The learning lesson lies in the difference between expectation and reality. Don’t let error fester. When a mistake is made, be sure to address it right then and there. No need to chastise anybody in public but make it known that there is a right way and a wrong way to do things. Otherwise you just run the risk of (costly) repetition. War-game everything. A great way to refine a presentation or strategy is to solicit help from people with completely different perspectives and have them poke holes in it. There are three different “battles” to consider when war-gaming: - The business. This is the typical win/lose strategy and uses market share, profit, or other financials as a metric for winning.
- The customer. Winning the battle here entails delivering the greatest value to the customer.
- The brand. This is more along the lines of sustaining a current brand or re-branding to stay competitive.
When all is said and done and the war games are over, be sure to share any insights or lessons learned with the wider audience. Avoid character flaws. One of my favorite sayings is, “You can dress a pig in a prom dress but at the end of the day, it’s still a pig.” Skill can be taught, character cannot. In the SEAL Teams, if a team member was not up to par on a particular skill or knowledge base but demonstrated sound moral fiber, then he would just receive extra training. However, if that same person violated trust or his own personal integrity, then he was quickly snuffed out and sent packing. There’s no room in business—any business—for anything less than complete trust. Without trust, you’re dead in the water. Perpetual learning allows you to understand not just the topic at hand, but also the interconnections of other issues that may have gone unnoticed otherwise. At the end of the day, p eople are the defining element of success—or failure—for an organization , and striving for constant and never ending improvement should be just another business function .
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Scooped by
Linda Holroyd
August 29, 2014 4:12 PM
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I recently read the Harvard Business Review article, “Why Marketing Needs More Introverts.” The takeaway: With all the customer feedback, information and tools available today, the marketing organization of the future will be filled with those that can think and act at scale. That is, the ability to make meaning from data and use it to influence products, solutions and services versus simply being the “voice” of a company to the marketplace. The idea of an “introverted marketing organization” (or any “introverted” organization for that matter) initially seemed odd to me – like a spokesperson who isn’t good at public speaking. But the more I reflect on it, the more I realize that what this really means is that being an “introvert” means being centered in the art of deep listening, data-based decision-making, and quality conversations. All too often in companies, and among teams and leaders, there is pressure to be in “extrovert mode” all the time. Saying, broadcasting, convincing, reporting, and responding versus making meaning from information and inputs, building quality relationships, and understanding the real core of customer needs and what’s driving their business’ value.
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Scooped by
Linda Holroyd
August 29, 2014 11:41 AM
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Leadership is not prescriptive and what works for one person may not work for another. There is one trait, however, that many successful business leaders and entrepreneurs share: They are constantly asking themselves questions to stay relevant and perceptive. Whether you’re running a company, heading up a startup or leading a team, your ability to analyze and critique your workday and approach is critical to success. Keeping tabs on your own development might help figure out areas for improvement, deepen your understanding of your industry and set a good example to the people you manage. Asking yourself these questions every day will help you grow as an individual and as a leader: Related: Managers Can Be True Leaders Not Just Taskmasters 1. What did I achieve?At the end of each working day, take a step back and ask what you’ve achieved. Keeping tabs on your accomplishments is a great positivity and productivity booster. Strive to undertake at least one meaningful task each day that will directly help you reach your end goals. If you believe you could have achieved more, harness your disappointment and channel that energy to help you work harder the next day. 2. What mistakes did I make and how can I learn from them?Not every decision you make will be the right one. And in such instances, holding your hands up and admitting you have made a mistake is the best thing to do. There is a saying, “More people would learn from their mistakes if they weren’t so busy denying that they made them.” And these words of wisdom are important to remember. Everyone makes mistakes. It's how you respond to them that defines you. Related: Mentors Can Fill in Any Yawning Gaps as Your Startup Integrates New Grads 3. Did I help someone else succeed today?Good leaders focus on the success of those around them as well as their own personal achievements. Make it your mantra to help others succeed or provide them with opportunities each day. It doesn’t always have to be a grand gesture. It could be something as simple such as spending 20 minutes with an employee to discuss his or her performance and progress. Building the strength of those working for you will ultimately enhance your company. 4. What motivated me?Running a business and leading a team can be difficult and during the tough times, reach for the motivation that keeps you going and encourages you to strive for betterment. Take note of the things that inspire you and draw on them when you need renewed enthusiasm. Good leaders are acutely aware of the things that fuel their personal motivation and use that knowledge to their benefit. 5. Did I work toward my goals?When you’re at the helm of a ship, it's wise to keep destination in mind. Likewise when you're running a business or leading a team, you should have goals to keep everyone focused and moving in the same direction. Outline your business aims and ask yourself every day if you've worked toward them. If not, figure out why not and how you'll change tack to put everything on the right trajectory. Never lose sight of your goals. Related: Turning Crisis Into Opportunity: 5 Ways to Deal With Hardship 6. What stumbling blocks did I come across?What are your sticking points? Is there a particular division of the business that you struggle with? Are you unable to come up with a workable strategy for a particular function? If so, identify the areas that require improvement or the resources that will go a long way toward overcoming the problem. Once you understand where your weaknesses lie, create a small team and talk about the areas of concern. Share ideas and work through the issues together in a constructive way. This is great for team building and getting everyone on the same page. It will also get the problem solved so you can move on. 7. What do I need to let go of?You’re setting yourself up for failure if you take on too much. Business owners and department heads can be guilty of the notion that they need to be directly involved with every decision made at their business. Part of being a leader is being able to recruit effectively. Build a team around you that you trust to make decisions and get things done. Don’t be removed from your business. Instead allow your employees to shoulder some of the burden. This not only means that progress will happen quicker. But by sharing the responsibility, you''ll build a more collaborative company culture. Ask yourself today, What can I hand over? 8. What legacy do I want to leave behind?Finally, how do you want to be remembered? Keep this in mind every day and work toward that end goal. Are you happy with the way you conducted yourself today? Remember that character rules. You're not born with the qualities that make up your character, but develop them as you go through your experiences, failures and successes. Govern reactions to events to develop the character you'd like to have.
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Scooped by
Linda Holroyd
August 29, 2014 11:30 AM
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People want to do business with other people, not with companies. Putting a strong personal brand on the frontline of your sales process can dramatically improve conversion rates. Your company's brand is one of the most important factors for its eventual success. It's the culmination of your company's identity, packaged and presented in a way that's pleasing, familiar, and attractive to your prospective and recurring customers. However, companies and organizations aren't alone in the need for solid branding. Personal branding, the art of building a unique brand around yourself as an individual, is just as important. Just as so with a traditional brand, personal branding requires you to find a signature image, a unique voice, and a recognizable standard that your readers, fans, and customers can grow to recognize. Personal branding is becoming increasingly important because modern audiences tend to trust people more than corporations. Audiences are used to seeing advertising everywhere, and tend to believe corporations and organizations take actions and speak with only sales in mind. Personal branding allows you to establish a reputation and an identity while still maintaining a personal level of trust and interaction, usually through social media. Furthermore, people want to do business with other people, not with companies. Putting a strong personal brand on the frontline of your sales process can dramatically improve conversion rates. Whether you use your personal brand to consult, freelance, or drive more traffic and trust to your company, it's vitally important to establish one to stay competitive. Step 1: Determine your area of expertise. Before you can establish or develop your expertise, you have to decide what you want to be known for. The world of personal branding is flooded with competing entrepreneurs, so it isn't enough to choose a general field like "marketing" or "human resources." Instead, it's best to develop yourself in a very specific niche. With a niche focus, you'll have more opportunities to prove you know what you're talking about, and while your potential audience might be slightly smaller, it will also be that much more relevant. Specificity is a trade of volume for significance. Step 2: Start writing and publishing. Once you know your area of focus, it's time to start building your reputation, and the best way to do that is to show off your expertise. Content marketing is the best way to build a brand and reputation online; when people look for information, they tend to go back to sources that were helpful to them. If you can become a trusted source of information through your content, over time you'll become collectively known as the expert of your specific field. It's best to start your own blog and update it on a regular (at least weekly) basis, but it's also a good idea to start guest blogging on other reputable blogs. Step 3: Flesh out your social media profiles. If content is the fuel for your personal brand, social media is the engine. Take the time to flesh out the details of your social media profiles, including Facebook, Twitter, and LinkedIn, and make sure they're consistently in line with your personal brand standards. Post updates regularly (at least once a day for Facebook and LinkedIn, at least a few times a day for Twitter), and don't be afraid to re-post your older content for your new followers. Step 4: Speak at events and develop case studies. If you're trying to win the business of your personal brand followers, it's a good idea to work up a few case studies. Work with your past or present clients and co-workers to spin and present a solid narrative. People love real stories more than promises or speculation, so prove what you've done by giving them digestible case studies. You should also consider looking for speaking events in your area, which will give you the opportunity to demonstrate your expertise while connecting with new audiences. Step 5: Network, network, network. On social media and in the real world, the key to sparking growth in your personal brand is networking. Engage with other individuals in your field, social influencers who have many connections, and anybody else who could be valuable in helping you spread the word about your expertise. Attend professional networking events to meet influencers in your area, and in the online world, engage in community discussions whenever you can. The more opportunities you have to meet people and talk, the better. A personal brand is like a garden. Once you lay the groundwork and plant the seeds, you'll be in a great position to eventually reap the benefits. However, it still takes time and dedication to nurture and expand your creation. As you continue to develop your personal brand, stay consistent with your efforts, pay close attention to how your audience responds to your content, and hone your direction until your focus is razor sharp.
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Scooped by
Linda Holroyd
August 28, 2014 6:46 PM
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In finance, we measure an individual's ability to "take on" (i.e. make an investment in) a risky asset as risk tolerance. Startups are a unique breed of investment, and by that I mean they're one of the riskiest. Next to a Bernie Madoff investment. This is the risk profile of a startup - that is, what makes a startup investment such a shot in the dark. Why are startups so risky? Why do most of them fail? To answer this question we need to look in two places: statistics and the psychology of the entrepreneur. First, the numbers. You may have heard the statistic that around a third of all startups fail. And that would be true - even the National Venture Capital Association released estimates that 25% to 30% of all startups fail - if you knew what they used for the definition of "failure". First off, "failing" for a startup, or any investment in a company, is a loose term. It can mean one of many things, ranging from complete liquidation and loss of all capital (worst case) to not seeing the projected ROI (best case, at least when we're talking about failure). Deborah Gage has an insightful article on this in the Wall Street Journal. She introduces Shikhar Ghosh, a senior lecturer at Harvard Business School, whose research indicates that 95% of all venture-backed companies fail to meet their projected ROI. That means that, by someone's definition, 95% of all startups fail. The definition of failure isn't the topic of this post, but for the sake of clarity, we'll assume the definition of failure is complete loss of investment and liquidation of all assets. ...in which case we're talking about a third of all startups. If we look at a recent report from Deloitte on overall investor confidence in VC investing, we can spot a bit of a trend. The sectors with the highest investor confidence are almost all in the services and online areas. These sectors are low in hardware and entry costs, meaning that investments go straight toward paying the smartest people for their time. The sectors of lower confidence are heavier in hardware and entry costs. Semiconductor companies require lots of hardware, Biopharmaceuticals require massive testing periods, and clean technologies companies, while on the rise (16% higher than confidence in 2013 - the largest increase in the report, by the way), still have a massive level of uncertainty. Which brings me to my primary point: the nature of the uncertainty drives the investment decision. To illustrate this, imagine you're about to invest in a Silicon Valley SaaS startup and Intel. Are you uncertain about both investments? If you're smart, you are. But for different reasons. Your uncertainty in Intel stems from their ability to make quarterly earnings projections and successfully release the next generation of processors. There are hundreds of research analysts following Intel. There are thousands of employees following procedures that have been successfully proven and tested over decades of company growth. The stock market has had time to effectively value the company. You know what to look for, you know where the warning signs in the stock are, and you can easily exit your investment if things start looking bad. Your uncertainty in the Silicon Valley startup, however, is of a different nature entirely. There are no analysts. There are 4 employees, no set or proven procedures, no (knowingly reliable) valuation, and your investment is locked in. The nature of uncertainty surrounding a startup is threatening because there are few set metrics by which to gauge their risk, many of which pale in comparison to the hard statistical truth: 30% of your startup investments will be lost. Even within the VC world, however, there's varying uncertainty. Certain characteristics, such as high market saturation, are more easily dealt with than others, since many companies have successfully dealt with such a challenge (i.e. there are procedures). SaaS companies and Mobile apps fall into this category. Other characteristics, however, such as a technology still in its infancy, have fewer procedures and proven ways of bringing product to market. Clean technologies and 3D printing fall into this category. This is half of the reason why a startup is risky. The nature of uncertainty surrounding startups (namely, having no set procedures by which to overcome possible challenges) is what keeps many investors from putting money into them. But there's another half to this reason: the entrepreneur. Entrepreneurs are a different breed of person- they zag when you zig- just to find out what zagging is like. They don't give a shit what other people think they should do. And when they're backed against a wall, they stick to their guns. These characteristics are what make investing in a startup incredibly risky- there's massive upside potential as well as downside. Because while the investor knows the founder/entrepreneur is going to put his heart and soul into the company (much moreso than an employee at Intel, for example), they could use that passion to drive the company either to the stars or straight into the ground - hard. It's a responsible decision on the investor's part to recognize that the entrepreneur is a leader in whatever industry they're in, and given the right resources, a breakthrough is possible. And breakthroughs are mucho profitable. But it would be irresponsible for the investor to assume that the entrepreneur can automatically lead effectively, communicate effectively, manage finances, network, sell, grow a company, hire employees, source contractors, or any of the other functions that a business owner should be able to fill. More times than not, a nervous breakdown is on the menu. But most entrepreneurs learn. Most entrepreneurs actually get the hang of all that other stuff, because they know it's necessary in order to see their vision through. The only thing that gets their startup over the finish line at this point, then, is how long it takes them to learn. Startups have a finite (and often small) amount of cash to play with. If it takes the founder a year to get his or her shit together in leadership and communication skills, then they're in bad shape. Those are lost sales, lost research, and lost opportunities to hire more people. That's what the investor worries about. It's not often that someone will challenge an entrepreneur's drive - that's tantamount to telling an aspiring musician that they have no sense of discipline. It contradicts their very character. It is quite often, however, that an investor will thoroughly vet the founder before even looking at the financials. It's easier to manage a balance sheet than it is to manage people, and there's no point in putting money in a promising company led by someone with a screw loose. So here's the take-away... If you're reading this and you're currently considering a startup equity investment, make sure you're well-diversified or on the board. If you're reading this and you're in the position of seeking investment, consider the two risks I've talked about above. Your top priority is your own mind. Do you have the grit to do whatever it takes - in less time than you think? Your second priority is your financial situation. In this area you have more support resources (both financially and from an expertise standpoint) at your disposal, including a VC or angel investor. But be cognizant of the forces pushing against you. Is the nature of uncertainty for your company one that can be addressed by well-established procedures, or is your industry still in its speculative stage? If so, you need to have a solid plan - a freakin' laser-pointer focus among an entire universe of possible directions you can shoot your company. Once you've addressed all of this, you'll have a much more productive (and possible lucrative) conversation at your next pitch.
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Scooped by
Linda Holroyd
August 28, 2014 12:15 PM
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I just read Bernard Marr's article about why we don't need the HR Department, and I beg to differ. While I agree that the term "Human Resources" is definitely an old-fashioned term (coined back in the day when human resources were compared with financial and physical resources), the need for HR today is greater than ever. Consider this: CEO-level research from The Conference Board and Deloitte both show that "human capital" and "talent" are now the #1 issues on the minds of CEOs. All our research shows that businesses today are constrained by their own ability to hire and develop leaders, coupled with a growing lack of technical and professional skills in the market. Can line managers fix this? Unfortunately no. This is the work of strategic, well trained HR professionals. Our research continues to show that despite a tremendous need to reskill and continuously transform the HR function, human resources professionals solve some of the most important problems in business today. Consider a few examples: * A large insurance company which suffered from tremendously high turnover in the last ten years totally transformed its business by creating a new compensation structure, facilitated talent mobility strategy, and a totally revamped employment brand and value proposition. This company's talent team is among the best I have ever seen - and their stock is now trading at 3X its value four years ago. * A fast growing telecommunications provider, operating in one of the most competitive markets in the world, recently changed its employee evaluation process and created a whole new set of internal training and leadership programs designed to attract and incent engineering talent. They use social knowledge sharing, video sharing, and exciting recognition programs to make engineers highly passionate about their company. Their stock has outperformed their peers by more than 50% over the last 12 months. * A large well known manufacturer of office products has shifted its business toward services, completely transforming its operations and driving higher margins. The CHRO and CLO drove a new "culture of learning" in the company which has been responsible for retraining technical and service professionals at all levels. This company is now regarded a "Growth Play" by Wall Street. I run across exciting, innovative HR strategies in winning companies every day. In fact I'd venture to say that there isn't a highly successful company in the world that does not have some form of world-class HR program in place. HR are the "talent masters" and in today's talent constrained environment we need them to be the craftsmen of our talent strategies. Yes, HR could often be more strategic and more efficient - and certainly more data-driven (only 4% of organizations can do any level of predictive planning), but that's all coming and I for one am rooting for HR to help us transform our businesses for many years to come.
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Scooped by
Linda Holroyd
August 27, 2014 12:16 PM
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The GAP between the self image of who we want to be and who we really are is this ...
How many times we all decide to do something - to get up early or go to bed sooner, exercise more, learn something new or find extra time for some fun hobby or family.... Then we find ourselves back in our usual lives! The gap is the difference between our intent and initiative! What it takes to break out of the inertia is not the will power but something much more subtle. Here's my short list. Tell me if you have others. 1. Don't give yourself permission to continue to procrastinate
Failing to switch to your desired plan once or twice is fine. But telling yourself you are going to do it one day and going to bed happy everyday is NOT ok. You will feel miserable as long as you accept that you have been failing but face it once and go past it and you will find a way. 2. Catch yourself at your point of procrastination Find out when you almost get started on your committed change but did not proceed. Then it is easy to get rid of the cause. For example, I want to stop going to bed looking at my phone so I had stop using my phone as my alarm. I wanted to goto Tai Chi class but delayed till I almost stopped going. I realized I would get ready, then do a bunch of chores and lament how I had no time for Tai Chi. I haven't done this yet but I am planning to switch my attempt-to-goto-TaiChi time to a different time band during weekends instead of evenings when I have my chores which I cannot skip. 3. Tell the world I find that telling the world that I am going to do something creates social pressure and motivates me to do really do it. I did that when I was based out of Boston and decided to move to Silicon Valley. My friends would meet me and ask "Hey I thought you had moved to California, what happened". It was embarrassing but as I thought about what happened I would find the hurdle in my path and I eventually moved. 4. Set a schedule for the new you Commit to a schedule that you are going to do the new thing you want to change to and block your calendar for it. e.g. I have some friends who want to start blogging or Tweeting regularly and never get to it as it seems a huge time commitment. Block your calendar for 10 minutes each day to do it. You will ignore the alarm a few times and then it is magical when you realize you have broken out of the inertia to your new goal. Writing on Linkedin here is something I enjoy but keep collecting ideas in draft or thinking "Oh that would make a great topic" and not getting to it. Again I tell myself I want to do a good job and be in the writing zone and do not find time for it. So I have decided to set aside time to do it. You will see if I am able to blog here regularly. This way I am also making my commitment public. So don't hesitate to embarrass me if you do not see regular articles from me. 5. Visualization All of us wish for the change we desire and irrespective of how busy we are we do have time to daydream sometimes in our week - in the shower, in the subway, at a traffic signal, in boring meetings. Visualize the new new you who is doing what you have been procrastinating. Imagine the outcome of feeling good, or the response you get from others you care about or anything to image what success feels like. Soon you would want to be the new you and will find ways to do it.
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Scooped by
Linda Holroyd
August 27, 2014 11:37 AM
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We all know leaders who are filled with the kind of bravado that takes great pains to hide any hint of misgiving. No matter what happens, they “knew it all along.” At the very essence of their strategy is the fierce belief that showing even the slightest hint of vulnerability would cause their teams to see them as “weak.” They couldn’t be more mistaken. In reality, vulnerability is a strength. Every leader has vulnerability. The greatest leaders have the self-awareness to recognize this fact. They also recognize that showing their vulnerability is a sign of courage and strength. Courage is the sixth Non-Negotiable that I cover in my book The 7 Non-Negotiables of Winning. Vulnerability is not a weakness. I was impressed by the recent thoughts of business writer Kimberly Weisul, who discussed a presentation on vulnerability by author and researcher Brene Brown. At a Leadership Forum for Inc. Magazine, Brown turned the popular notions of vulnerability on their head. She says vulnerability is actually the courage to show up and be seen. I agree. “Vulnerability is the absolute heartbeat of innovation and creativity,” she says. “There can be zero innovation without vulnerability.” How does vulnerability work? According to Brown, here are the four common myths of vulnerability and how to combat them. Myth #1: Vulnerability is Weakness. In her research, Brown asked thousands of people to talk about times they felt vulnerable. They provided answers like, “Starting my own business; the first date after my divorce; taking my company public.” Other answers included, “Owning something I’ve done wrong at work” (a big one, as you know from my prior columns) or “Cheering my son on because he wants to make first chair in the orchestra and I know that it’s unlikely to happen.” Brown realized that none of these situations had anything to do with weakness. In fact, she points out that vulnerability is not a weakness at all. It is, perhaps, one of our most accurate measures of courage. Every entrepreneurial endeavor, by its very definition, is courageous and risky. For example, in my book I share the full experience of heading up the buyback of our company, Fishbowl, in 2010. Rarely in my life have I been in such a vulnerable position. Although we’d always run our company in a very cash conservative way, the need of our majority investor to divest himself left us in the most vulnerable place of our lives. Banks were not lending at the time. Against all odds, we received an agreement for the only enterprise loan our regional bank offered in 2010. But at the last minute, we discovered the final approval was $500,000 short of our goal. I spoke to my executive team openly about the situation we were facing. I was humbled, and the discussion even involved tears (my own, and many from these longtime friends and esteemed partners as well). It took courage beyond measure for us to have that discussion – but we emerged together from that situation with increased strength. In fact, that month was our highest revenue month in the company’s history to that date. We’ve continued to grow since, and now there are a total of 71 Fishbowl owners among our team of 100 employees. Admitting and facing my vulnerability and even helplessness in that situation took all the courage I could muster, but it has made me and my team stronger in ways few other experiences could have ever achieved. Myth #2: You Can Opt Out of Vulnerability. According to Brown, vulnerability is the combination of uncertainty, risk, and emotional exposure. Welcome to entrepreneurship. Vulnerability is a natural condition of the work that we do—it isn’t a choice but a consequence. To declare oneself “not vulnerable” would be inauthentic and would leave a leader living in a perpetual state of denial and stress. So it’s better and more courageous for every leader to acknowledge the fact that vulnerability is there. Myth #3: Vulnerability Means Letting It All Hang Out.
Live tweeting about personal details to the point of bad taste is not “vulnerability.” Nor is it an act of courage. Purposeful vulnerability without boundaries is attention-seeking behavior that actually appears to others as desperate. What is your goal in sharing information that leaves you vulnerable? Is it to get attention or is it to solve a problem? Also, as Brown points out, it is best to share the candid information that leaves you vulnerable only with people who have earned the right to hear and know this sensitive news. For example, we share our financial goals openly within our company with all employees. But we trust our employees to hold sensitive company information in confidence. And we don’t publish that information in locations such as our company blog. (I actually know of some executives who do this, and it certainly takes courage for them to do so. But I, for one, would advise sharing such sensitive and vital information with the members of your team who are striving to find the solution with you, and who are earning, day by day, the right to hold this information with you.) Brown notes that you wouldn’t go out to the world openly and announce, “Our company is going to Hades in a hand basket right now and I don’t know what to do.” But you might elect to be very candid within a small group of trusted associates and friends. Myth #4: I Can Go It Alone. None of us, in recognizing our vulnerability, should pretend we are able to “go it alone.” When we ask others “Can you help me with this? What are your thoughts on this issue? Are you willing to work on this together with me?” we are expressing our vulnerabilities in a courageous and positive way. Vulnerability is a frightening thing for many of us. But knowing that vulnerability is a universal condition, and that recognizing and owning our vulnerability is a form of true courage – here’s a thought that’s even more frightening: What would it be like to reach the end of your life and to wonder what would have happened if you’d truly shown up, ready to give your all and, if necessary, sacrifice all. What if? These are the reasons that vulnerability – and Courage, used within a principles-based setting – is such a vital and non-negotiable trait for us all. In your business and life, what makes you most vulnerable? And what are the ways you address it? I look forward to hearing your thoughts.
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Scooped by
Linda Holroyd
August 26, 2014 12:28 PM
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Everyone knows that Peter Drucker was the founder of modern management. But how do we come to terms with the writings of a man who wrote 39 books? Even to read his 811-page classic,Management: Tasks, Responsibilities, Practices(1973) or the revised edition of 572 pages (2008), is more than most readers get round to. Inevitably most of us pick and choose. An excellent introduction to Drucker’s thinking—and one of the real “raisins in the cake”— which was recently flagged by Jim Hays, is Peter Drucker’s nine-page paper for The Economist in November 2001: “Will The Corporation Survive?” Drucker’s answer to his own question was: “Yes, but not in the form that we know it.” The paper was incorporated into the 2008 edition of Drucker’s Management, but it is also available here. Five basic assumptions of the 20th Century The paper, written 13 years ago, is almost as fresh as if it was written yesterday. It argues that for “most of the time since the corporation was invented around 1870, the following five basic points have been assumed to apply:” - “The corporation is the ‘master’, the employee is the ‘servant’, because the corporation owns the means of production… “
- “The great majority of employees work full-time for the corporation… “
- “The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product,” because, as Ronald Coase argued, this lowers transaction costs.
- “Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have… “
- “To any one particular technology pertains one and only one industry, and conversely, to any one particular industry pertains one and only one technology.”
Competition was very orderly with “everything in its place.” Thus “everybody took it for granted that every product or service had a specific application, and that for every application there was a specific product or material… Competition therefore took place mainly within an industry. By and large, it was obvious what the business of a given company was and what its markets were.” The assumptions upended Now, each of those assumptions has been turned upside down: - The corporation is no longer the master of the employee because “the means of production is knowledge, which is owned by knowledge workers and is highly portable.”
- “A growing number of people who work for an organisation will not be full-time employees but part-timers, temporaries, consultants or contractors… or employees of, an outsourcing contractor.”
- It no longer makes sense to bring everything under one management, because (a) “the knowledge needed for any activity has become highly specialised. It is therefore increasingly expensive, and also increasingly difficult, to maintain.” (b) Transaction costs are drastically reduced, particularly the cost communications.
- “The customer now has the information…. the manufacturer will cease to be a seller and instead become a buyer for the customer.”
- “There are few unique technologies. Increasingly, the knowledge needed in a given industry comes out of some totally different technology.”
“One thing is almost certain: in future,” Drucker wrote, “there will be not one kind of corporation but several different ones.” In the 20th Century, banks everywhere were very much alike and so were hospitals and retailers. In future, “different banks may be quite different from one another, depending on how each of them responds to the changes in its workforce, technology and markets. A number of different models is likely to emerge…” Confederations of different kinds of organizations will emerge. Top management is powerful but failing Drucker saw that the importance of top management would increase in this emerging world: “As the corporation moves towards a confederation or a syndicate, it will increasingly need a top management that is separate, powerful and accountable. This top management’s responsibilities will cover the entire organisation’s direction, planning, strategy, values and principles; its structure and its relationship between its various members; its alliances, partnerships and joint ventures; and its research, design and innovation.” Yet while the demands on top management were increasing, Drucker saw that top management was not getting the job done. “The recent failure rate of chief executives in big American companies points in the same direction. A large proportion of CEOs of such companies appointed in the past ten years were fired as failures within a year or two… This suggests that the jobs they took on had become undoable. The American record suggests not human failure but systems failure. Top management in big organisations needs a new concept.” Drucker cites a few possible examples of rearranging managerial responsibilities at the top. With the wisdom of hindsight, none of them look particularly plausible or sustainable, e.g. GE under Jack Welch. The failure of top management relates less to any particular configuration of management responsibilities and more to another of Drucker’s central themes: the role of the corporation in society. The role of the corporation in society Drucker had a clear vision of the corporation as an agent of society: “An equally important task for top management in the next society’s corporation will be to balance the three dimensions of the corporation: as an economic organisation, as a human organisation and as an increasingly important social organisation. Each of the three models of the corporation developed in the past half-century stressed one of these dimensions and subordinated the other two. The German model of the “social market economy” put the emphasis on the social dimension, the Japanese one on the human dimension and the American one (“shareholder sovereignty”) on the economic dimension.” “None of the three is adequate on its own. The German model achieved both economic success and social stability, but at the price of high unemployment and dangerous labour-market rigidity. The Japanese model was strikingly successful for 20 years, but faltered at the first serious challenge; indeed it has become a major obstacle to recovery from Japan’s present recession. Shareholder sovereignty is also bound to flounder. It is a fair-weather model that works well only in times of prosperity.” Interestingly, Germany took action to deal with the issue of labor flexibility, and this one of the key success factors for Germany today. Meanwhile most big US corporations are still wedded to shareholder sovereignty. A different kind of leadership is needed “Corporations will have to pay attention,” Drucker argued, “both to their short-term business results and to their long-term performance…” Drucker’s hope was that the pension funds and mutual funds would lead the way. “By 2000, pension funds and mutual funds had come to own the majority of the share capital of America’s large companies. This has given shareholders the power to demand short-term rewards. But the need for a secure retirement income will increasingly focus people’s minds on the future value of the investment.” What Drucker didn’t fully foresee is that the managers of pension funds and mutual funds would themselves have powerful incentives to focus on short-term shareholder value and the stock price. Their compensation is often geared to it, and the success of their fund sometimes depends on it–at least in the near term. Nor could he have foreseen the massive shift in CEO compensation that was to occur by 2014. “In 1993, some 20 percent of executive compensation was based on stock,” Eduardo Porter wrote recently in the NYT. “Today, equity accounts for about 60 percent of the remuneration of executives at companies in the S&P 500-stock index. With so much money tied up in stock options and the like, it is not surprising that executives will do almost anything to give their share price a boost regardless of what costs this might incur after their options have vested.” Nor could Drucker have foreseen how severely the system would be degraded by self-interest. Thus in a recent study published in the Accounting Review, an astonishing 62 percent of directors, who had a disclosed friendship with the CEO, said they would cut the budget for research and development in order to assure the bonus for their friend, the CEO. Instead of senior managers acting as responsible stewards of societal resources, as Drucker optimistically envisaged, we see leaders driven by greed and nepotism. Instead of wise statesmen capable of balancing social interests, we have inherited the mean-spirited and the narrow-minded.
A different kind of management To accomplish the kind of positive future that Drucker envisaged, it is now much clearer in today than in 2001 that a different kind of leadership and management is needed for our corporations. It means a fundamental shift in how leaders think, speak and act in the workplace. Whereas the 20th Century economy flourished with an ethos of efficiency and control, accentuated in recent decades by values of self-interest and self-aggrandisement, the economy of the 21st Century will require an ethos of imagination, exploration, experiment, discovery and collaboration, driven by a commitment to make a positive difference in the world. It implies: - a shift from a goal of making money to the goal of delighting customers profitably. Innovation is not an option: it’s an imperative. The only question is how.
- a shift from controlling individuals to inspiring collaboration among self-organizing teams, networks and ecosystems.;
- a shift from coordinating work by hierarchical bureaucracy to dynamic linking, with iterative approaches to development with direct customer feedback and interaction with teams and networks.
- a shift from a preoccupation with economic value to an embrace of values that will grow the firm and the accompanying ecosystems, particularly radical transparency, continuous improvement and sustainability.
- a shift from top-down communications to horizontal conversations. Instead of telling people what to do, leaders inspire people across organizational boundaries to work together on common goals.
Of course, Drucker recognized all along that management is not a static pursuit. “The demands on the skill, knowledge, performance, responsibility and integrity of the manager have doubled in every generation during the past half century,” he wrote in The Practice of Management, his 1954 classic. That is even more true in 2014.
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Scooped by
Linda Holroyd
August 26, 2014 12:07 PM
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LinkedIn released a bold and fascinating report about the career paths of successful tech founders. The public company made a refreshingly opinionated conclusion: Aspiring teens should not forgo college to found a risky tech startup. “The image of a young, unstoppable founder is certainly appealing — cultivated in movies like The Social Network and through press-friendly initiatives like [the] Thiel 20 Under 20, there’s plenty in popular culture to suggest that the essential ingredients of entrepreneurship are little more than youth and a healthy dose of determination,”wrote Linkedin’s senior data scientist, Michael Conover, in a post that called out noted Silicon Valley investor and education critic, Peter Thiel. Thiel’s 20 Under 20 experiment to pay teens to delay college for $100,000 in startup money has faced harsh criticism from its inception. Conover claims that data doesn’t support Thiel’s thesis, and you can see this in three graphs. I’ll give my 2 cents on his conclusions below these. First: Most venture-backed founders go to collegeCombining the Crunchbase database of venture funding with founder’s LinkedIn profiles, Conover finds that most venture-backed founders went to a highly reputable college and held senior leadership positions prior to their startup Second: Age mattersAs University of California at Berkeley researcher Vivek Wadhwa has pointed out, many Silicon Valley founders defy the stereotype of a young, brilliant twenty-something. Conover’s own findings show that the overwhelming proportion of founders begin a company after they turn 30. Finally: Founders have networksConover finds that most founders are heavily networked on LinkedIn; the more people founders know, the more successful they are. After adding education background, age, and total LinkedIn connectivity, Conover finds that there’s a moderate correlation these characteristics and the total amount of venture raised.
Not so fast, though … LinkedIn’s report is a fascinating look at the career paths of successful entrepreneursand uses some new data sets in important ways. For this, the company should be commended, especially for daring to offer an opinion on an important policy topic. That said, the report’s conclusions are questionable. All of the data is based on weak correlations and a misunderstanding of Thiel’s project. Here are a few key issues the report doesn’t address: - Many startup founders fail a few times before becoming successful. This will necessarily make them older. The report assumes that this kind of failure is not as valuable as going to college or working for a big company prior to beginning a startup.
- Some very successful founders did not finish college. Like Bill Gates and Steve Jobs, for instance. But while dropouts are a minority of founders overall, maybe they have a higher rate of success — we just don’t know. The report needs to look at the success rate of similar founders who dropped out vs. those that went to college.
- Conover’s magic “machine-learning algorithm” is like asking a chef to learn how to cook by eating soup and never providing them with the ingredient list. How much does college factor into success compared to age and how networked a founder is? We have no idea from the report. And if job experience and network is far more important than an education, it’s not clear why college is essential to get these valuable assets.
- A 0.365 is not a strong correlation. As we can see from the graph, it looks more like a circle than an arrow. Why is the correlation so weak? A correlation of this shape usually means there are many (many) more reasons why someone is successful. Most important, college is not one of these very important, unknown variables.
Additionally, Conover misinterprets the reason why some people forgo college or go into Thiel’s program. Many entrants into 20 Under 20 don’t have the opportunity to go to a school where students can start a company. Stanford’s StartupX is great for the lucky few who can get a great education at a university that is willing to invest venturecapital. But this practice is not mainstream at most schools. Ideally, Thiel’s project will push universities to integrate elements of his philosophy and fund students who attend their school. Thiel’s project is more a statement on college reform than a call to abolish the entire system. That said, the program is yet to prove that paying students to forgo college actually works. To date, we don’t have good data on whether college is the cost for aspiring startup founders. If I had to guess, I’d say it is a wise idea for students’ to hedge their bets and get a diploma. But we need to be honest and admit that it’s a guess either way.
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Scooped by
Linda Holroyd
September 4, 2014 2:32 PM
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When things get messed up—and they do—some people respond with lying, denying or minimizing their own responsibility. Leaders know that to be respected or trusted they must be accountable. They must be willing to be responsible even before they know how things will turn out. If it is to be, it’s up to me: Accountability starts with you. It means you are responsible. It’s not so much a way of thinking as a way of being, and it starts from within. Accountability is about being reliable. Ask yourself “Can people count on me to do what I say I’ll do, as I said I would do it?” You must always keep your word. Accountability is ownership. It’s the willingness to hold yourself to account, it means taking totally ownership no matter the mess up Accountability is about creating clarity. When you are accountable you clear up the gaps and voids of expectations and what you are going to be doing. Accountability is about trustworthiness. When you are responsible and you make a commitment, you hold yourself to a high standard where others know and can trust in you. Accountability is a partnership. Partnerships are about support and mutual accountability; when you are held accountable by a partner, it’s important to recognize and respect the power of their intention and respond with appreciation rather than anger.
Successful leaders front load accountability into their leadership development.
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Scooped by
Linda Holroyd
September 3, 2014 1:08 PM
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The millennial generation is considered one of the most promising to date when it comes to business ownership. According to the Millennial Generation Research Review, compiled by the U.S. Chamber of Commerce Foundation, the entrepreneurial spirit demonstrated by Generation Y may be creating a positive outlook for job creation. Citing 2011 figures such as "Millennials launched almost 160,000 startups each month, and 29% of all entrepreneurs were 20 to 34 years old," the research report concluded the "entrepreneurial mind-set" of millennials could "reverse a declining trend of business startups." Spurred on by the likes of Facebook’s Mark Zuckerberg, Andrew Mason of Groupon and Snapchat founder Evan Spiegel, more and more young people are starting their own businesses or being promoted into influential positions. Being a leader can be tough even at the best of times, yet the added pressure that a young leader faces as a result of others equating youth with inexperience can make the experience even harder. Young leaders can take these eight steps and (older) employees, colleagues and business associates may be more likely to take them seriously: Related: Overcoming Youngest Person in the Room Syndrome 1. Know the industry. Young business leaders should do research and be sure to know their industry inside and out. Read up on the latest trends, connect with experts in the field and become immersed in the appropriate business sector. Figure out the following: Who are the key players and why have they become successful? What emerging technologies could serve as a springboard for the company's success? Taking the time to develop an understanding of the industry at hand will show others this leader knows her stuff and means business. As Sheryl Sandberg wrote in Lean In: Women, Work and the Will to Lead, “The upside of painful knowledge is so much greater than the downside of blissful ignorance.” And she was right. Knowledge is power. Don't forget. 2. Lead from the front. One of the most effective ways to demonstrate ability and prove a management role is deserved is to lead by example and work hard. Be the first person in the office in the morning and the last to leave at night. Take on a fair share of the workload and show everyone signs of being a team player. The most effective way to earn respect is to lead from the front and help others succeed. 3. Take advice. While a young business leader may have already demonstrated skills in management, only a fool believes he or she knows it all, particularly when armed with limited experience. People are far more likely to take a manager seriously if he or she listens to and heeds advice. A study conducted in June by Sage surveyed people in more than 11,000 small and medium-sized businesses in 17 countries and found 89 percent of those surveyed acknowledged that mentoring can help them succeed. Listening to people and heeding their advice could significantly boost the leader's chances of success. What’s more, people will respect this willingness to learn and openness to constructive criticism. Show signs of being a know-it-all, though, and risk alienating others and losing credibility as a professional. Related: Got Conviction? Then You Can Drive Your Business to Success. 4. Show conviction. It’s important for a leader to have conviction in her decisions. If the young manager has done her homework, then her decision may well be the right one, even if it’s challenged by someone with more experience. Young leaders should be aware of their value in brining a fresh perspective to the table. That’s not to say they should avoid taking advice or admitting when a decision was incorrect. Just don’t back down immediately. A leader with the confidence to put his head above the parapet is likely to impress others in the office and earn respect. 5. Remain calm and collected. Part of being a successful leader is staying cool under pressure. The business world regularly offers up challenging and stressful situations and a leader's reaction is judged. Take a step back and a deep breath and put everything in perspective. Members of the team will feel reassured by a collected demeanor, which will in turn develop their trust and confidence in the leader. Related: New Gen Y Leaders Can Carry the X Factor for Success 6. Manage expectations. Leadership is all about managing expectations. Share with employees what's expected of them and in return, listen to what they desire in a leader. By opening the lines of communication and being approachable, a leader can build a team with people who understand the direction the department is headed in and the end goals. If this leadership results in positive business outcomes, then respect and support will follow. 7. Consider personal appearance. It may seem trivial but the way a leader presents himself to the outside world is critical. How the person dresses and carries himself says a lot about his personality. This doesn't mean always show up to work suited-and-booted but be sure to be dressed appropriately for any situation. Take a look in the mirror each morning and ask, Does my appearance reflect my desired business persona? 8. Develop a business persona. Finally, hone the professional personality. A leader needs to figure out decide how she would like people to perceive her and work toward building a personality in line with that. To be considered firm but fair, hard working and meticulous, behave that way. As Mark Zuckerberg said, “The question isn’t, ‘What do we want to know about people?’ It’s, ‘What do people want to tell about themselves?’” How a young business leader presents himself will influence others’ opinions. The leader is a product of past experiences, failures and successes. Become immersed in the right situations and tailor reactions appropriately to build the business persona desired.
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Scooped by
Linda Holroyd
September 2, 2014 1:03 PM
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Leadership has never played a more prominent role in America's national discourse, and yet our opinions of leaders are at all-time lows. Private sector leaders are widely seen as greedy to the point of being corrupt. Public sector leaders are viewed as incompetent to the point of being inept. And, levels of trust in government have plummeted. As the title of this book conveys, leaders in America are experiencing hard times.
Barbara Kellerman argues that we focus on leaders, and even on followers, while ignoring an essential element of leadership: context. This book is a corrective. It enables leaders to track the terrain that they must navigate in order to create change. Rather than a handy-dandy manual on what to do and how to do it, Hard Times is structured as a checklist. Twenty-four brief sections cover key aspects of the American landscape. They trace evolutions and revolutions that have revised our norms, transformed our populations and institutions, and shifted our culture.
Kellerman's crash course on context reveals how significant it is to leadership. Clearer still is the fact that leadership is more difficult than it has ever been. It is context that explains why leadership is so fraught with frustration. And, it is context that makes evident why leadership will be better exercised if it is better understood. Calling out patterns that emerge from the checklist, Kellerman challenges leaders to do better. This fascinating read will change the way that all of us think about leadership, while compelling us to consider what it means for our future.
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Scooped by
Linda Holroyd
September 2, 2014 12:39 PM
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Are you a creative person? Most people like to think they are. But the fact is that we can all benefit from a boost to our creative juices. Those who are truly creative don’t copy what others do; instead, they might use innovative ideas from others as a springboard to come up with a unique application, product, or service for themselves. They tend to distance themselves from the competition rather than compete with them. If they see another company or person copying what they do, they create something new and better. In other words, they are able to leverage their creativity and their innovative capabilities to attain long-term success. So would you like to be more creative than you are right now? Here are 10 strategies for increasing your level of creativity.
- Truly creative people have developed their ability to observe and to use all of their senses, which can get dull over time. Take time to “sharpen the blade” and take everything in.
- Innovation is based on knowledge. Therefore, you need to continually expand your knowledge base. Read things you don’t normally read.
- Your perceptions may limit your reasoning. Be careful about how you’re perceiving things. In other words, defer judgment.
- Practice guided imagery so you can “see” a concept come to life.
- Let your ideas “incubate” by taking a break from them. For example, when I’m working on a big business project, one of the best things I can do to take a break from it is play my guitar or the flute for a few minutes, or take a ride on my motorcycle. It shifts my brain into another place and helps me be more innovative and creative.
- Experience as much as you can. Exposure puts more ideas into your subconscious. Actively seek out new experiences to broaden your experience portfolio.
- Treat patterns as part of the problem. Recognizing a new pattern is very useful, but be careful not to become part of it.
- Redefine the problem completely. One of the lines I’ve been sharing for the past few decades is: “Your problem is not the problem; there is another problem. When you define the real problem, you can solve it and move on.” After all, if you had correctly defined the real problem, you would have solved it long ago because all problems have solutions.
- Look where others aren’t looking to see what others aren’t seeing.
- Come up with ideas at the beginning of the innovation process … and then stop. Many times we come up with several ideas and start innovating, and then we come up with more ideas and never get any single idea done. At some point you have to turn off the idea generation part of the process and really work on the innovation and execution part in order to bring a project to life.
No matter what your expertise or what industry you’re in, you can become a lot more creative in what you do. In fact, when you apply creativity to every aspect of your business, you are able to stay ahead of a changing marketplace and the competition, and attain long-term success.
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Scooped by
Linda Holroyd
August 29, 2014 4:10 PM
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Here's the brutally unpleasant dark side of being an HR professional… No matter what you do, someone is going to criticize and distrust you -- and many willhate you, even if they don't know your name. That's the reality. It comes with the territory. And there are lots of reasons why. First of all, if you're doing your HR job well, your actions will directly and negatively affect the personal lives, dreams, ambitions and the livelihoods of every single employee in your organization. That's a fact. For example, in staffing situations, for every one person that is thrilled to be hired or promoted, you're often the bad guy that has to call up and dash the career hopes of six to ten others by letting them know they didn't get the job. In job eliminations, you are often the last person the terminated employee sees and talks to about all the great benefits the company will no longer be providing to them and their family now that they've been whacked. Your inside knowledge about that planned layoff, those anticipated cutbacks in the health care plan, that business that is about to be sold off or that outsourcing decision that will wipe out an entire department -- all of which can affect the peace of mind, families and the paychecks of many of your closest non-HR colleagues -- puts you in a position to keep secrets, sidestep the truth, come across as coldly objective or seem distrustful because you cannot reveal what you know. Secondly, your HR role often requires you to deliver bad news. For example, saying no to a manager who wants give an "out-of-guidelines" increase to her indispensable, superstar employee who has just been offered a huge salary increase at another company. Or disappointing a powerful executive who is hellbent on terminating an employee immediately, but hasn't followed the proper progressive disciplinary guidelines and hasn't afforded the employee the opportunity to correct their performance. In these situations, most great leaders will respect your stance. However, a few deep down will blame you for throwing a monkey wrench into their plans and serving as a bureaucratic speed bump to the success of their business. Thirdly, some people may not even hold a grudge against you personally. They just hate your guts because they had a run-in with someone in HR over a mistake made years ago. It could be that an error was made in their merit increase, dental program deductible or the effective date of their promotion -- individual situations that happened long before you even came on the scene. But you're guilty by association and held responsible because "you're HR." These are honest mistakes that are made every day in business. However, to quote Sue Meisinger, the former CEO of SHRM... When your finance counterparts make a mistake, they'll just redo the spread sheet. When marketing screws up, they'll simply redesign the campaign. When the sales group miss their quota, they focus on the next quarter. When R&D fails to discover or develop a new product, they'll just try again. But unlike these other groups, if HR makes a mistake, it's very personal and will sour the individual on the HR department (and YOU) for years. Finally, spinelessly weak managers don't do you any favors either. They often deal with their employee or workplace problems by saying that "HR said…" or "HR won't let us…" This approach undermines HR and allows them to shift responsibility for their actions. After all, they'll say, HR determines pay. HR determines job titles. HR set the policy that led to your termination. So, it's therefore HR's fault. I could go on but I'm sure you get the point. It doesn't matter how phenomenal you are as an HR professional -- even if you're respected and valued by the CEO and the executive team in your organization -- you're still going to be unpopular among many employees and managers who blame YOU for what happens to them on the job. Some of my former colleagues have allowed this "dark side" of HR to drive them from our profession. Don't fall into this trap. Accept these realities. But besides just acceptance, what should you do to deal effectively with them? Here are just a few thoughts: 1. Strive for respect, not approval. Your own success in HR happens when your personal HR brand stands for trustworthiness, reliability and credibility, not the number of people who agree with every little thing you do. Build this kind of reputation for yourself, whether your HR department has it or not. The most reputable and successful HR leaders on the planet accept the reality that some decisions will be unpopular. And that means not promising what you can't deliver or making commitments just to be liked or to make people happy. If you can’t handle others’ disapproval, then HR probably isn’t for you. Trying to be everyone’s friend is a futile and selfish effort -- and is impossible. 2. Replace no's with options (lots of them), whenever you can. Let’s say your client is concerned about his three best people and wants to increase their pay beyond reason, in order to retain them. In this case, don't respond with just a flat out no. Meet with him on his turf to brainstorm alternative, creative solutions that address his real need: retention. For example, could you keep these top performers by providing them with the opportunity to improve their skills so they might be promoted (with higher pay) more readily? Can you restructure their jobs to give them even more recognition, freedom and autonomy in making decisions? Can you enhance their work life by providing flexible work schedules, remote working arrangements or more time off?
Strive for win/win solutions. It's not always possible, but work hard with your clients to come up with alternatives that both you and they can embrace. 3. Focus on what you can change. Ignore the noise from those who are complaining because they had a bad HR experience or know someone who did. Instead focus on those things within your control or that you can change. If you've discovered that you're suddenly someone's enemy, look back at the series of events that led up to this strain in your relationship. You may discover that somewhere along the way, you screwed up. If so, fess up and apologize. And keep moving. Ultimately it will be your willingness to admit mistakes and keep a cool head that serves both their interests and the company's. 4. Forget revenge. We're all human and there may be clients who bring out your worst instincts. Just as it's important that you do not play favorites, it's also important that you resist the urge to retaliate against someone who has pissed you off. You're asking for trouble if you go after people with the attitude that "I'm going to make them pay!" Even if you win and that person quits (or is terminated), word spreads and you'll never be trusted again. When that happens, you might as well leave too. Model forgiveness and, to a responsible extent, forgetfulness. Be an example yourself of supporting a workplace where people are expected to make mistakes and in which it's safe to be human. You can do this by treating screw ups as teachable moments and learning experiences that everyone can benefit from. Cut others slack and they'll return the favor when you slip up…which you will do. 5. Let people vent, but don't get pushed around. In the article Don't Call Me HR, RJ Morris tells the story of attending a meeting with a stressed out Operations executive named Jim whose business wasn't doing well and who wanted to make job cuts. The meeting had operations, senior executives, finance, HR and others in the room. During the meeting this executive would drop in statements like: "Well, if HR would let us do this the right way, we’d be done with this already..” or “HR won’t let us make the changes we want make…” In doing so, he was blaming HR for not letting him make the people changes he was seeking. Todd, the head of HR (RJ's boss at the time), was in the meeting and let him go on for a while. But then finally he had heard enough and said: “Jim, who exactly are you talking about when you say “HR?” I am confused. Is someone here named HR? Are you talking about me? Is that it? Let’s do this, Jim. We’ll get through this together if we act like adults. Don’t call me HR. Call me Todd. We’ve given you good advice. You’re angry about it. That’s fine. Disagree with me, but don’t depersonalize who we are as advisors to you. I’m Todd, you’re Jim. If you have an issue with my advice, have the guts to call me by my name. I’m not Corporate; I’m not HR. I’m just trying to help you out of your bad business deal.” To be fair, I'm not an advocate of calling people out and smacking them down in a meeting in front of their peers, especially when you can do it in private. But I'm also not an advocate of being disrepected either. Sometimes you must make a stand in favor of a value or principle. In doing this, some people are bound to take it very personally and believe you're taking a stand against them. And I'm sorry, that can't be helped. Successful HR leaders stand up for themselves, their values, stand up against toxic and truly cruel managers and gain respect from others because they take the most important stand of all -- the stand they take in front of the mirror. 6. Embrace HR's larger purpose. As an HR professional, what really drives you should be your unwavering desire to help your organization get better results through people. That's why you get paid. Despite all the crap you take, it's a noble calling. It's a great way to make a living. So stick your chest out and wear that badge proudly. Don’t let others extinguish your flame. Despite the negatives, what you can do as an HR professional to impact peoples' lives in a positive way is immense. You help to develop and execute strategies that make your business successful, which in turn creates jobs for lots of people. You ensure employees are rewarded fairly enabling them to provide a life for their families they can be proud of. And you help provide a workplace that's engaging, productive and where talented people can thrive and achieve their dreams. HR, like any calling, has thrills, challenges and frustrations. So prepare to be hated, but remember that most haters don’t matter. So don't permit yourself to be a "victim" because of misplaced blame or because someone just doesn't understand what HR does. The ones who DO matter will sincerely appreciate your leadership and will trust your guidance -- especially if you prove reliable, consistent and trustworthy. Let THEM be your source of motivation. And you’ll do just fine. Onward!
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Scooped by
Linda Holroyd
August 29, 2014 11:38 AM
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To gain insights into the 2014 global human capital trends, we conducted a survey in the last quarter of 2013 that included 2,532 business and HR leaders in 94 countries. The survey covered the major industries and all of the world’s geographies (survey demographics are summarized in the appendix to this chapter). Our goal was to better understand the priorities and preparedness of executives and HR professionals around the world, and to provide insight on what leaders can do to drive the talent and HR agenda. This chapter provides a summary of our top findings from the global survey. We are also making views of the data available through the Deloitte Human Capital Trends Dashboard tool, which will be available on our websites. Finding 1. Leadership, retention, HR skills, and talent acquisition are the top global trends in perceived urgency Across all respondents to our global survey this year, companies cite four issues as the most urgent: leadership, retention and engagement, the reskilling of HR, and talent acquisition and access (see figures 1 and 2).
Building global leadership is by far the most urgent: Fully 38 percent of all respondents rated it “urgent,” almost 50 percent more than the percentage rating the next issue “urgent.” Companies see the need for leadership at all levels, in all geographies, and across all functional areas. This continuous need for new and better leaders has accelerated. In a world where knowledge doubles every year and skills have a half-life of 2.5 to 5 years, leaders need constant development. This ongoing need to develop leaders is also driven by the changing expectations of the workforce and the evolving challenges businesses are facing, including two major themes underlying this year’s trends: globalization and the speed and extent of technological change and innovation. The second most urgent issue today is retention and engagement—a topic that often has no clear owner within HR or the business. Our research shows that “we all own this issue”: HR, top leadership, and all levels of management. As we discuss in the main report, companies should redefine their engagement strategy to move from keeping people to attracting them and creating a passionate and compassionate place to work. Further, companies will benefit from having a clear point of view on how business executives, line leaders, and HR can more effectively work together and address this challenge. The third most urgent issue is the reskilling of HR. This finding suggests that the HR and talent functions are in the midst of a transformation. HR is not making the grade as companies move away from HR as people administration to a focus on people performance. An essential part of this change is the upskilling, reorganization, and transformation of HR and its relationship with business leaders and issues. The fourth most urgent issue is talent acquisition and access. This continues to be one of the most important things companies do. In a skills-constrained environment, a company’s ability to find, attract, and access highly skilled people is critical to success. This area is going through a significant disruption as a result of globalization, technology, social media, changing workforce expectations, and the shrinking half-life of skills and technical knowledge. Tools such as LinkedIn, Facebook, Twitter, and others are changing recruiting into a strategic function focused on marketing, branding, and new tools and technologies. Explore the report findings Launch the interactive trends dashboard Finding 2. Companies report generally low levels of readiness to respond to the trends Overall, survey respondents reported generally low levels of readiness to respond to the 12 global trends in our survey (figure 3). In fact, on average across all trends, 36 percent of respondents reported they were “not ready” as opposed to 16 percent reporting they were “ready”—meaning that they were more than twice as likely to say they were “not ready” versus “ready” for the trends they see coming. Only in workforce capability did more than three-quarters of respondents feel either “somewhat ready” or “ready” to address the trend. These findings are sobering, given that each trend was rated “important” or “urgent” by at least 60 percent of respondents, while the top five trends were all rated “important” or “urgent” by at least 75 percent of respondents (figure 1).
More than 40 percent of respondents reported their companies were “not ready” to address talent and HR analytics, HR technology, the overwhelmed employee, and performance management—the lowest levels of readiness among all the trends (figure 4). These low reported levels of readiness and preparedness are a warning signal, considering the high levels of urgency and importance attributed to the trends in the global survey.
Figure 5 maps the 12 trends according to respondents’ ratings of both their urgency and their companies’ readiness to deal with them. Urgency is shown on the horizontal axis, with higher numbers indicating greater urgency; readiness is shown on the vertical axis, with higher numbers indicating greater readiness. The resulting grid shows a clustering of the trends in the lower right, underscoring one of the major findings in the survey: the gap between these trends’ perceived importance and companies’ readiness to address them.
Finding 3. The largest capability gaps are reported in leadership, analytics, reskilling HR, talent acquisition and access, and the overwhelmed employee To further highlight the near-pervasive gap between urgency and readiness, we calculated an index score for each trend that we call the Deloitte Human Capital Capability Gap Index, a figure that shows HR’s relative capability gap in addressing a given talent or HR-related problem. It is calculated by taking an organization’s self-rated readiness and subtracting its urgency, normalized to a 0–100 scale. For example, if an organization feels that an issue is 100 percent urgent and it also rates itself 100 percent capable and ready to address the issue, the capability gap would be zero. These index scores, which are almost always negative, provide a “weighting” of gaps to help identify the biggest areas of need. As figures 6 and 7 show, leadership (gap of -34) and analytics (gap of -30) are the areas with the biggest gaps between urgency and readiness, and hence the most important areas on which to focus investment. Reskilling HR, talent acquisition, dealing with the overwhelmed employee, and the need to replace HR technology are close behind, with gap scores of between -25 and -27, inclusive. These indicate areas where companies need to rethink their strategies and reengineer their current approaches.
The challenges of revamping performance management, addressing retention and engagement, and improving HR globalization received gap scores of between -20 and -24. These areas reflect a need to rethink HR strategies to deal with the 21st-century workforce. The areas of workforce capability, diversity and inclusion, and learning and development also require attention. When weighted by importance, the gap between urgency and readiness is the smallest in our index, but these areas still represent potential opportunities for improvement. Finding 4. Leadership is the top priority in developed and growing economies We asked our respondents to identify in which of seven global geographies their top five trends were most important. As figure 8 shows, leadership, the most important overall trend in our survey, was identified as highly important in five of seven global regions: Asia Pacific, Western Europe, Central and Eastern Europe, North America, and South America. Note also that, in these regions, retention and engagement is a high priority as well, with North America facing the most acute need in this area.
This geographic pattern of leadership’s perceived importance corresponds to global regions of business growth and opportunity. Asia and North America were rated as the two highest areas of growth in our survey, and Western Europe is undergoing a difficult economic transformation. Emerging economies (Middle East, Africa, and, to a degree, South America) also report leadership as a top priority, balanced with the need for workforce capability, HR globalization, retention, and talent acquisition. Finding 5. While global trends are similar around the world, program needs vary by region While most geographies have broadly similar priorities across the human capital trends, there are some variations, as figure 9 shows. North America reports the highest level of challenge from the overwhelmed employee. Asia Pacific- and South America-based companies report the need for improved workforce capabilities more strongly than companies in other geographies. Western Europe sees a greater need to reskill and transform HR than other regions.
This finding suggests that regional economic forces and cycles have an impact on human capital priorities. In figure 9, the high urgency that companies in Africa, Latin and South America, and the Middle East report for many of the trends is striking. This underscores the value of HR and leadership teams understanding these variations and accommodating regional workforce priorities and dynamics as they globally hire, manage, and lead their people. Finding 6. Human capital priorities vary by industry, with one exception: Leadership Different industries have different talent priorities—with one major exception (figure 10): Every industry sees leadership as its top priority. Retention and engagement was almost as consistently rated a high priority: It was the No. 2 trend for six of the eight industry groups. Differences among industries include: - Technology companies, life sciences, health care, professional services, and oil and gas companies rate talent acquisition and access particularly high, reflecting the important need in these industries to find key people with unique technical skills.
- Energy companies, life sciences companies, and technology, media, and telecommunications companies—three industries going through significant transformations—rate the need to reskill HR as a particularly high priority.
- Professional services companies, public sector organizations, and energy and resources companies rate building workforce capabilities particularly high—in the top two or three slots.
Finding 7. “Excellent” HR companies and teams focus more intensely on the urgent global human capital trends Our survey asked respondents to rate the overall performance of their HR and talent organizations and programs. When we looked at self-assessed “excellent” or “high performing” HR and talent teams, we found that they rated the top trends higher in urgency and importance (on average, seven percentage points more) compared to those who rated themselves “adequate” or “average” performers. These trends included: - Leadership: Rated as “urgent” or “important” by 88 percent of high performers vs. 85 percent of average performers
- Talent acquisition and access: Rated as “urgent” or “important” by 85 percent of high performers vs. 74 percent of average performers
- Reskilling HR: Rated as “urgent” or “important” by 84 percent of high performers vs. 76 percent of average performers
- Retention and engagement: Rated as “urgent” or “important” by 83 percent of high performers vs. 79 percent of average performers
- Talent & HR analytics: Rated as “urgent” or “important” by 82 percent of high performers vs. 71 percent of average performers
These findings suggest that top HR teams are even more focused on certain business and talent priorities, including leadership, talent acquisition, delivering a high-performing and highly engaged workforce, improving the HR function, and building analytics capability, than most companies’ HR teams. Finding 8. Business leaders have less confidence in their organization’s readiness to deal with future trends than HR leaders Our survey included the perspectives of both business leaders and HR leaders. For the five trends identified as most urgent overall, we observed substantial differences between business leaders’ and HR leaders’ views on their organizations’ readiness for these trends. These differences were more pronounced for larger organizations—those with more than 10,000 employees. Among these organizations, business leaders rate their organizations’ readiness to address the top trends an average of 13 percentage points lower than HR’s assessment of readiness in leadership, reskilling HR, the globalization of HR, retention and engagement, and talent and HR analytics (figure 11).
While HR teams may understand their current programs, capabilities, and readiness in these areas, these results hint that business leaders may not. If this is so, then this finding highlights the importance of HR leaders and teams improving their engagement with business line leaders, ensuring that HR is focusing on critical business concerns, and partnering with the business effectively to share HR’s capabilities and services. Of course, the finding may also point to underlying gaps that business leaders believe HR leaders need to address more fully. Finding 9. HR and talent executives grade themselves a C-minus for overall performance When asked respondents to rate their organizations’ HR and talent programs on a scale from excellent to underperforming, the HR organizations in our survey showed a minor improvement over last year’s self-assessment. In 2013, 37 percent of respondents felt that their overall HR and talent programs were “underperforming” or just “getting by.” This year, that number dropped to 34 percent. While this improvement is a positive sign, the general picture is still one of widespread perceived mediocrity. If we evaluate HR organizations’ overall self-assessed capabilities using a traditional grade-point scale (see figure 12), where “excellent” is a 4.0 or A, “good” is a 3.0 or B, “adequate” is a 2.0 or C, “getting by” is a 1.0 or D, and “underperforming” is a 0.0 or F, then this year’s respondents rated themselves at the equivalent of a C-minus—in contrast to last year’s D-plus. In 2014, twice as many global respondents gave their HR and talent programs an F as gave them an A (10 percent versus 5 percent). While this is not intended as a criticism of HR in general, it does reflect how challenging it is to build a world-class HR function and how far companies believe they are from this goal.
Finding 10. Companies worldwide plan modest increases in talent and HR investments in 2014 Forty-seven percent of responding companies expect to increase their HR investments in 2014, with 13 percent anticipating increases of 5 percent or more. Eight percent of respondents expect to decrease these investments, and 39 percent are planning to invest at the same level (figure 13).
Taking the weighted average across these increases, we found that 2014 should see a general growth in spending on HR of 1.32 percent. While this is a relatively small number, it is positive, indicating that companies are recognizing the need to invest in human capital and the value derived from those investments. Similar research shows a significant increase in spending in talent acquisition, training, reskilling, and employee engagement programs, with a flat to declining investment in HR staff and technology. Toward a 21st-century talent agenda: Are HR and business leaders ready? The global Human Capital Trends 2014 survey strives to present critical insights for business and HR leaders on both their HR and talent priorities and their readiness to deal with the future. Given evolving business needs and a changing global employee landscape, there is a complex set of urgent and important human capital challenges that require attention. At the top of the list are: - Leadership
- Retention and engagement
- Reskilling HR
- Talent acquisition and access
- Global workforce capabilities
At the same time, new challenges, including talent and HR analytics as well as the “overwhelmed employee,” are being added to the human capital agenda. While the priorities and challenges are clear—and seem to resonate in importance across industries and geographies—the readiness of HR teams to respond to these challenges is less certain. For almost every trend we identified, readiness scores lagged, in many cases substantially, behind the trend’s perceived urgency. In large organizations (those with more than 10,000 employees), we saw the largest differences between business and HR leaders in their assessments of the readiness to respond to important trends. Perhaps HR executives are being tough on themselves and their functions when they grade themselves an overall C-minus. But given the importance that both business and HR leaders place on the human capital and talent agenda, 2014 is a moment both to reflect on what else can be done and to take action: focusing on what more can be done, what should be done differently, and what might be improved to move the needle in this critical area. Our findings outline an agenda that can guide business and HR leaders pivoting between the recession and future growth strategies. The trends discussed in the balance of this report represent opportunities for improvement in leadership and development, acquisition and engagement, and transforming and reinventing HR to support business priorities in a changing world. APPENDIX: GLOBAL HUMAN CAPITAL TRENDS 2014 SURVEY DEMOGRAPHICS In the fourth quarter of 2013, Deloitte Consulting’s global Human Capital practice conducted an extensive survey of HR and business leaders to understand their priorities and readiness to address 12 global HR and talent trends. The survey included 2,532 respondents from 94 countries around the world. The key survey demographics are summarized in the following charts.
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Scooped by
Linda Holroyd
August 29, 2014 11:22 AM
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Finding talented game programmers isn’t easy. So HackerRank has built a recruiting tool that “gamifies” the process, or applies game-like mechanics to nongame tasks to get people more engaged. Today, the company is revealing a game tool that challengers programmers to create artificial intelligence characters that can beat those created by a game company that is looking for programmers. Game companies in particular are excited about the tool, and two companies that have already signed up to use it are the fast-growing digital game companies Riot Games and Pocket Gems. They need engineers, and tools like those that HackerRank offers can show off an applicants skills without boring them to tears in job interviews. “Every single customer I’ve shown this to is excited because it brings a whole new dimension to job recruiting and interviewing,” said Vivek Ravisankar, chief executive of HackerRank, in an interview with GamesBeat. “With HackerRank, you can attract people who are really interested in what you are doing in an engaging manner.” Companies can do things like create a game of chess and challenge a player to create a program that plays chess better than the game’s existing AI bot. Some companies are able to get nine hires from each challenge they create. Companies can challenge programmers to show off their skills with computer languages such as C, C++, C#, Java, and Python. Ravisankar believes that his company’s tools are especially useful in technical recruiting. He believes that his company’s tools can identify people with skills, regardless of where they graduate from, rather than steering recruiters into pursuing programmers who are graduating from big-name schools like Stanford University. “We hope we are on the forefront of changing attitudes about hiring,” he said. HackerRank creates a community where developers and engineers can use its web site to solve puzzles or hone their skills. Those who perform will can show up on leaderboards, and companies can go after the people with the best skills. The company claims it saves its customers 80 recruiting hours for every hire. The Palo Alto, Calif.-based company raised $9.2 million in a second round of funding in June. Investors include Khosla Ventures, a16z, Sierra Ventures, Battery Ventures, and other angel investors. Altogether, the company has raised $12.5 million. HackerRank has 75 employees, and it hopes to become profitably by the second quarter of 2015. Rivals include Gild. Beyond the game companies, HackerRank has lots of other tech customers such as Facebook, Yahoo, Microsoft, and Square. It took a while to figure out the business. Ravisankar and Harishankaran Karunanidhi started thinking about a company a few years ago. One of their ideas was to create a process that made it easier for engineers to apply for visas so they could work in the U.S. That didn’t work so well, since there were only two times a year when the applications were processed. Another idea was to create mock interviews to help train job applicants. But the applicants didn’t really have money to pay for that. They went through the Y Combinator summer 2011 accelerator class. By 2012, they figured out what they wanted to do. “Our vision really expanded beyond a platform for screening programmers,” Ravisankar said.
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Scooped by
Linda Holroyd
August 28, 2014 6:38 PM
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I had the opportunity at the end of 2011 to interview Geoffrey A Moore, the best-selling author of such popular books as Crossing the Chasm, Inside the Tornado, The Gorilla Game andDealing with Darwin. He had a new book out at the time called Escape Velocity: Free Your Company’s Future from the Pull of the Past and having read many of his other books, I thought it would be fun to sit down and pose him some questions to get some of his latest perspectives, thoughts and insights on innovation. Here is the text from the interview: 1. When it comes to innovation, what is the biggest challenge that you see organizations facing? The biggest challenge is understanding that they are three types of return on innovation which are largely incompatible with one another, and the importance therefore of declaring which type of return you are seeking. The first type is differentiation innovation, and that’s one everyone understands. But the key there is to be “beyond compare” so that you capture your returns in bargaining power. The second type is neutralization innovation, where the focus is on meeting all the performance standards of your category, to make sure you do not get eliminated from consideration or lose your customers to churn because of some dissatisfiers in your offer set. And the third type is productivity innovation, where the return comes from eliminating waste, ideally to repurpose resources for one of the other two types of innovation. Most people associate innovation only with the first type, which unfortunately is relatively hard to achieve. The other two types represent lots of low hanging fruit that people neglect. 2. In ‘Dealing with Darwin’ you identified 13 different types of innovation. Which is the most difficult for companies? Which presents the most opportunity? Each type of innovation has its strengths and weaknesses, so choosing a focus is a lot about where your category is in its life cycle and what kind of crown jewels you can bring to the table. In the age of the Internet, marketing innovation has been a real challenge, as the old models of marketing do not apply very well and the new ones are still being developed. On the other hand, also because of the Internet, business model innovation has never been easier. 3. What is the biggest obstacle to generating future growth within an established enterprise? Established enterprises struggle whenever they are required to reallocate resources away from established lines of business in order to fund the growth of new lines of business. The period of greatest pain is when the new business is big enough to demand a material amount of resource but not yet big enough to create a material return. Management teams are continually under pressure to raise the performance bar every quarter, and this makes it increasingly painful for them to invest in the future. But eventually this policy leads to a future state where the cupboard is bare and the company is in real trouble. 4. Tell us about the importance of reallocating resources across an enterprise in deliberately asymmetrical ways One of the ways enterprises waste their innovation resources is by “peanut-buttering” them across way to many initiatives in way too many areas of the business. It is much more effective to concentrate on a few must-win bets, even when that means some areas get no additional funding whatsoever. This is not a popular decision, which is why peanut-buttering is so common. Unfortunately, however, it is a sure path to a slow death. 5. Why is it important to be swift to neutralize competitors’ innovations and to be laser-focused on driving in-house innovations? Neutralization innovation ensures you keep up with your industry’s changing norms. The key here is to be “good enough, quick enough,” conserving both on the level investment (don’t go any further than the norm requires) nor taking a second longer (every second you are out of compliance with the norm gives your competitors a license to poach on your turf). The laser-focus is all about spending just the right amount of resources here, as opposed to with differentiation innovation, where the rule is to spend whatever it takes. Needless to say, you cannot do a lot of differentiation innovation, so laser focus there includes keeping discipline as to what projects get this tag. 6. What do you feel is the most important takeaway from your new book ‘Escape Velocity’? Contemporary management protocols and practices overweight a focus on performance and underweight a focus on power. The primary purpose of this book is to rectify the balance by creating a vocabulary and a context for addressing the current and future state of power of your enterprise, and driving innovation initiatives to ensure that power is replenished instead of exhausted. Too often the latter occurs, which ends with the demise of the enterprise. 7. What skills do you believe that managers need to acquire to succeed in an innovation-led organization? We make a big distinction between leadership and management because success depends both on making the bets needed to create future power (leadership) and converting those positions of power into economic returns to reward the current bet’s investment and to fund the next series of bets (management). Contemporary financial markets are very pro-management and anti-leader because they have disconnected themselves from long-term returns. This creates a fundamental imbalance in the politics of governance which is driving established enterprises to marginalize themselves along a path of quiet self-liquidation. It is critical that boards of directors retake the reins here and reassert a more healthy balance between long and short term, which in turns involves taking strong leadership positions. 8. If you were to change one thing about our educational system to better prepare students to contribute in the innovation workforce of tomorrow, what would it be? Compared to the rest of the world we have a great educational system—really, better than any other—for the elite. That’s because our system really does encourage students to take risk, explore views, etc. in ways that no other system does. Our huge challenge is that this system does not scale to the entirety of our population, and all attempts to scale it have actually made overall results worse, not better. So we have a real conundrum here. Our crown jewels are not aligned with our social values, and the most probable outcome of that is that we will try to destroy our crown jewels. Needless to say, we need to find a better path forward than that.
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Scooped by
Linda Holroyd
August 28, 2014 12:13 PM
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Make a list of the 5 leaders you most admire. They can be from business, social media, politics, technology, the sciences, any field. Now ask yourself why you admire them. The chances are high that your admiration is based on more than their accomplishments, impressive as those may be. I’ll bet that everyone on your list reaches you on an emotional level.This ability to reach people in a way that transcends the intellectual and rational is the mark of a great leader. They all have it. They inspire us. It’s a simple as that. And when we’re inspired we tap into our best selves and deliver amazing work.So, can this ability to touch and inspire people be learned? No and yes. The truth is that not everyone can lead, and there is no substitute for natural talent. Honestly, I’m more convinced of this now – I’m in reality about the world of work and employee engagement. But for those who fall somewhat short of being a natural born star (which is pretty much MANY of us), leadership skills can be acquired, honed and perfected. And when this happens your chances of engaging your talent increases from the time they walk into your culture. Let’s Take A Look At Tools That Allow For Talent To Shine: Emotional intelligence. Great leaders understand empathy, and have the ability to read people’s (sometimes unconscious, often unstated) needs and desires. This allows them to speak to these needs and, when at all possible, to fulfill them. When people feel they are understood and empathized something, they respond PERIOD and a bond is formed. Continuous learning. Show me a know-it-all and I’ll show you someone who doesn’t have a clue about being human. Curiosity and an insatiable desire to always do better is the mark of a great leader. They are rarely satisfied with the status quo, and welcome new knowledge and fresh (even if challenging) input. It’s all about investing in yourself. Contextualize. Great leaders respond to each challenge with a fresh eye. They know that what worked in one situation may be useless in another. Before you act, make sure you understand the specifics of the situation and tailor your actions accordingly. Let Go. Too many people think leadership is about control. In fact, great leaders inspire and then get out of the way. They know that talented people don’t need or want hovering managers. Leadership is about influence, guidance, and support, not control. Look for ways to do your job and then get out of the way so that people can do theirs. Honesty. Not a week goes by that we don’t hear about a so-called leader losing credibility because he or she was dishonest. Often this is because of pressure to try and “measure up” and it’s not coming from a place of being real – often this relates to fear of not being accepted for your true self. We live in age of extraordinary transparency, which is reason enough to always be true to your core – your mission will be revealed, your motivations will show by your behaviors. But it goes way beyond this. It’s an issue that sets an example and elevates an organization. If you have a reputation for honesty, it will be a lot easier to deliver bad news and face tough challenges. Are you inspiring people from your heart? Kindness and respect. Nice leaders (people) don’t finish last. They finish first again and again. Ignorance and arrogance are leadership killers. They’re also a mark of insecurity. Treating everyone with a basic level respect is an absolute must trait of leadership. And kindness is the gift that keeps on giving back. Of course, there will be people who prove they don’t deserve respect and they must be dealt with. But that job will be made much easier, and will have far less impact on your organization, if you have a reputation for kindness, honesty and respect. Collaboration. People’s jobs and careers are integral to their lives. The more your organization can make them a partner, the more they will deliver amazing results. This means, to the greatest extent possible, communicating your organization’s strategies, goals and challenges. This builds buy-in, and again is a mark of respect. People won’t be blindsided (which is a workplace culture killer) by setbacks if they’re in the loop. Partner with your people. As I said above, people’s careers are a big part of their lives. That seems like a no-brainer, but leaders should have it front and center at all times. Find out what your employees’ career goals are and then do everything you can to help them reach them. Even if it means they will eventually leave your organization. You will gain happy, productive employees who will work with passion and commitment, and tout your company far and wide. This an opportunity to brand your greatness. Leadership is both an art and a science. These tools are guidelines, not rigid rules. Everyone has to develop his or her own individual leadership style. Make these tools a part of your arsenal and use them well as you strive to reach people on an emotional level. Be Human. This Matters.
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Scooped by
Linda Holroyd
August 27, 2014 11:39 AM
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A lot of people believe that the true leadership capacity of a person is tested during times of crisis. Performance under stress can show how quick witted or level headed a person is, or on the contrary, it can show where their weaknesses lie. As a business owner or as an entrepreneur, it's important that you always keep your wits about you and stay cool in difficult situations. These are the five things that every successful leader does in times of crisis, and traits to you should always keep in mind when running a business. Successful Leaders Don't Let Their Emotions Get In The WayThe most important thing to do during a crisis is to maintain an example for your employees by keeping cool, calm, and collected, which will allow you to think about the curveballs being thrown your way. Successful Leaders Are BraveMany people respond to a crisis by being overwhelmed by stress, which turns to fear. It is easy to be afraid when you have a crisis situation in your business, as it is your entire livelihood on the line, but if you remain brave, then your employees will be too, and together a strong team will be able to turn anything around. Successful Leaders Are Accountable For Their Victories And Their LossesGood leaders own up to when they make mistakes. After all, we are all human, and someone who is too proud to admit their own mistake is not likely to be someone that others will follow. Taking responsibility for any actions that you have taken that could have contributed to the crisis will be a good way to prompt your employees into working on the situation with you wholeheartedly, instead of just because they have to. Successful Leaders Don't Take Failures PersonallyBy separating your personal feelings from the matter at hand, you are better able to focus on what is happening and take care of it in a manner that is going to be most successful for you, your employees, and the rest of your business. Crises can also bring out power dynamics in the workplace, and a successful leader does not let those office politics get in the way of taking care of business! Successful Leaders Possess Positive Attitudes From Start To FinishThe end of the crisis is not just when you pull yourself out of the muck that it had put you in. The end of the crisis is when the team has started to recover and is moving on, which might take a bit. Keeping a positive attitude on your face and pushing the excellence of your team will keep morale high, which will put things right back on track in no time at all, and will also earn you the trust and respect of your employees.
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Scooped by
Linda Holroyd
August 27, 2014 11:34 AM
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Leaders are good strategists and planners. Again, what I’ve found in working with successful men and women in business is that they’re very, very good planners. They have taken the time to learn or been taught how to do strategic thinking.
Strategic thinking means taking the long view. It means engaging in what is called “big-picture thinking.” Leaders look at everything they are doing and at all the different things that can have an impact on them. They look upon themselves as part of a bigger world. They think in terms of “If I do this, what is likely to happen? How will my competition respond; how will friends and enemies respond; what will the market do?”
What May Happen? Leaders are experts at what I call extrapolatory thinking. They can accurately predict what is going to happen in the future based on what is happening today. They look at the current trends of what customers are buying today to decide what kinds of products and services those customers will be buying or expecting in the future.
Leaders also anticipate crises. They don’t wait till something happens; they are always asking, “What could go wrong? What could possibly happen that could threaten my business?”
Similar to extrapolatory thinking is teleological thinking, which means projecting forward and looking at the different possible outcomes and results before acting. It was said that Napoleon won most of his battles in his tent. He would look at the plan of battle and his maps and consider all the different things that could go wrong and think through what he would do in response to each of those things. In the heat of the battle, when things went against him, he had already thought out completely what to do and was able to give answers instantly.
Good strategic thinkers always have an advantage over people who don’t take the time to do the thinking in advance.
Building a Strategic Plan Leaders must have a strategic plan for their organizations. There are six key questions you must answer to develop an effective plan.
1. Where are you now? Any strategic plan begins with a complete assessment of the company’s situation. If you don’t know your current situation, you won’t know what steps your company needs to take to achieve its strategic goals. Be specific. For each business unit or product area, determine your sales, profitability, assets, trends, and competitive position.
2. How did you get where you are today? Honesty is the key here. What decisions have led to your current situation? What activities are you doing that are important to your current success? What activities are unnecessary to acquire and keep profitable customers? What activities could be outsourced but are still in-house?
3. Where do you want to go from here? Once you’ve determined where you are today and why (steps 1 and 2), you now must identify where you want to go. Be detailed. Identify, for example, the products you are selling, the customer base you are selling to, and the financial results you’ll be achieving in the ideal world five years from now.
4. How do you get from where you are today to where you want to go? Make a list of everything that you would have to do to achieve the ideal future you just described. Every time you think of a new task, add it to the list.
5. What obstacles will you have to overcome to achieve your strategic goals? There are constraints and limiting factors that are preventing you from being the ideal company described in your strategic plan. What are those constraints and factors, and what are you going to do about them? 6. What additional knowledge or resources will you need to achieve your strategic objectives? There are always new core competencies that a company needs to acquire or develop to stay relevant to customers and ahead of its competitors. For example, many companies now have social media experts on their staffs.
The Scenario Planning Tool One of the best tools for leaders to use for making a strategic plan is scenario planning. The process involves developing three or four detailed scenarios that describe what your company and the business environment might look like five, ten, or twenty years down the road. Each scenario must be detailed in every way, explaining what products you are selling, who your customers are, who your competitors are and what they are doing differently, what outside or environmental influences, such as regulatory bodies, are impacting your business and how. Once you have the future scenario, you work backward to today and figure out what you must do—starting now!—to prepare for the scenarios. If a realistic scenario shows a competitor underselling your product, what can you do now to prevent this situation?
Concentrating Your Forces One important aspect of good strategy is concentrating your forces by looking at the strengths of yourself, your people, and your organization and focusing them where they can make a major difference. You also want to focus them on the weakest areas of your opposition or competition in the marketplace.
There’s no point in going head-to-head with your competition in areas where both of you are strong. But there are always opportunities in the marketplace for a company to take its unique qualities, differentiate its product or service, and go after a specific market segment where its competitors are weak and where it can develop superiority. Though you need to concentrate your forces, also be alert to where you are vulnerable to your competition and give thought to what we call the WPO—the worst possible outcome. What’s the worst possible thing that could happen in terms of setbacks? What’s the worst possible thing that could happen in terms of markets, interest rates, staff, competitive response, and so on? Think through all of those scenarios so that if the market does throw a ringer at you, you are prepared with a plan.
Strategic planners and leaders have the ability to react quickly because they have thought through what is going on. They are not swamped or carried away by events. They have the ability to see what’s happening, take in the situation, and make decisions to redeploy assets and people or to back off in some areas and move forward in others. In many cases, your ability to react quickly to an adverse circumstance is a mark of leadership.
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Scooped by
Linda Holroyd
August 26, 2014 12:10 PM
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Everyone has the potential to be a leader, regardless of title or position. But many people give themselves the title of leader, and expect others to think of them as a leader without actually understanding the meaning of leadership. There are also those who have been positioned as a leader by others. They may be ranked at the top of a hierarchy and hold an important position, but who fail us when we need them. Whether we are granted the title of leader by others or take it upon ourselves, we must remember that leadership is an honor and a privilege and something that must be earned—because others are counting on us and they are placing their trust in us. In short, you earn leadership by knowing what matters. Behavior matters. It doesn’t matter what your rank or role may be, where you come from, or if your title sounds impressive, you are not leader if your behaviors don’t demonstrate the integrity of doing the right thing. Trust matters. Leaders must earn trust. You must set the example, know that you are setting the example, and have a deep understanding that trustworthiness takes character. To be trusting requires values, to be trusted requires earning the privilege. Service matters. True leaders understand: Leadership is not about you but about those you serve. It is not about ennobling yourself but bringing others up. The best way to earn your leadership is to lose yourself in the service of elevating others. Influence matters. Leadership is neither a title nor a position, it is a demonstration of character that is worthy of imitation, emulation and inspiration. “Why” matters. When you dig deep into an organization and employees can tell you the deeper purpose and the mission of their organization, you will discover strong leadership there. Leadership means knowing how to manage and empower every level of your organization. Listen to learn. Learn to earn. Earn to lead. Earning the title of leader does not depend on how many diplomas we have received, or which corner office we have, or how much money we make, or what title we decide to give ourselves. Leaders in all realms of life and leadership know that the power they have come to hold exists because they have earned the responsibility of serving the many. Leadership is ultimately a position of service, trust, and character Lead From Within: Leadership is not patronage, power and position. It is about the service you give to show you care, the trust you bestow to show your integrity, the character you embody. It’s more about reaching out instead of climbing up.
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What they say, what they mean when they say it . . .
How can you stand up for yourself and be happy at work if the above is true?