Tuesday, May 25, 2010
British Petroleum: Why can't they say they are sorry and trying to make sure it will never happen again? by Bob Sutton
Sunday, May 23, 2010
Forget carrots and sticks, they don't always work - Telegraph, Daniel Pink
Forget carrots and sticks, they don't always work
In the first of a new series on business development, we reveal how a new approach to motivating teams is changing corporations for the better
Friday, May 21, 2010
Narcissism, Partnership and Strategy, by Walter Kiechel
As the great Nebraskan Fred Astaire (born Frederick Austerlitz, Omaha, 1899) used to sing, 'There may be trouble ahead...' An article in the latest issue of Academy of Management Learning and Education reports that over the past 25 years college students in the U.S. have scored steadily higher on tests for narcissism. Professors Bergman, Westerman and Daly note that 'the mean narcissism score of 2006 college students on the Narcissistic Personality Inventory (NPI) approached that of a celebrity sample of movie stars, reality TV winners and famous musicians.'
Fabulous. If that weren't bad news enough, 'Narcissism in Management Education' (Academy of Management Learning and Education, 2010, Vol. 9, No. 1, 119-131) also cites research indicating that 'narcissistic tendencies such as materialistic values and money importance tend to be particularly evident in business students.'
Most studies of narcissists in business focus on their usually awful eventual effect on co-workers. To ride along with them can be energizing, even inspiring at first, but frequently ends in tragedy. As I was reminded last week when I caught one of the last New York performances of Lucy Prebble's 'Enron,' which pretty much reduces that company's rise and fall to a story about Jeff Skilling's increasingly delusional hubris. (A hit in London, the play bombed in Babylon on the Hudson, which already has enough challenges to its own hubristic tendencies these days.)
In a terrific 2001 HBR article, Michael Maccoby argued that a "productive narcissist" can be good for a company — setting out a vision, rallying the troops to achieve it. (As examples he cited Jack Welch and George Soros.) But in my observation, narcissism in strategy-makers almost always represents an invitation to disaster.
This for at least two reasons. Narcissistic executives usually create around themselves a miasma of distrust. They take credit for other's work, value no one else's ideas as highly as their own, and are so busy looking after No. 1 that they can be oblivious to the welfare of others. This makes it tough to develop a strategy in consultation with colleagues, who usually know more about vital details of the competitive situation than the Great One. And even tougher to actually carry the strategy out, except under the narcissist's lash, which most talented people quickly lose a taste for.
The more fundamental problem may be that with sufficient feeding of their grandiosity, narcissists deteriorate in their ability to do what psychologists call 'reality testing,' being able to spot the difference between the movie they're playing in their heads (guess who the star is) and what's actually going on in the world.
The classic posterboy for this syndrome: John De Lorean, father of the Pontiac GTO, who when he wasn't hanging out with movie stars or marrying again was going to set the automotive world on fire with the De Lorean Motors gull-wing doored DMC 12. The entrepreneur's arrest for drug-trafficking — allegedly to raise money for his failing company — put the finishing touches on that endeavor; even though he eventually beat the charge, he would spend the rest of his days bouncing down the stairs, eventually into personal bankruptcy.
In the face of what may be a rising tide of MBAs with, how shall we say, narcissism issues, and the chance that some may climb into strategy-making positions, the news of Britain's new coalition government comes as all the more intriguing. Here you have two politicians, David Cameron and Nick Clegg, heads of rival parties, who, admittedly under serious pressure, manage to quickly form a partnership that has at least some observers suspecting that the country may have lucked into a governing solution better than any one party could have afforded.
For all the usual bromides about how 'you can't run a company by committee' and 'you gotta have clear lines of authority,' partnerships have worked remarkably well in running a few fabled companies, including in setting their strategy. The modern Walt Disney Co. was at its best when Michael Eisner was complemented by Frank Wells. Coca-Cola's patrician, aloof Roberto Goizueta wouldn't have accomplished nearly as much without the consummately personable Donald Keough presenting a smiling corporate face to the world. Some of us wonder whether Goldman Sachs would be in the doghouse it is today if it had stayed with its tradition of two-headed leadership — John Weinberg teamed with John Whitehead, Robert Rubin with Steve Friedman. Astaire wasn't the only Nebraskan who appreciated the value of a good partner — to every Warren Buffet, his Charlie Munger.
If you have responsibilities for forging strategy, consider asking yourself three partnership-related questions:
- Would the enterprise be better off if I were sharing this work? More information boiled into the process, including that all-important dissident information? More minds and hands enlisted in the success of the strategy from the outset?
- If I were to recruit a partner or two, who would they be, and why? As wonderful as you and your mix of skills likely are, imagine all that a complementary set might bring to the brew.
- If you don't have a partner already, why not?
Hmmm, anyone else detect of slight whiff of narcissism in the air around here?
Walter Kiechel III is the former Editorial Director of Harvard Business Publishing, former Managing Editor at Fortune magazine, and author of The Lords of Strategy: The Secret Intellectual History of the New Corporate World. He is based in New York City and Boston.
The Creative Process Gone Wrong, by Bob Sutton
One of my students, Rob, just sent me a link to this video on how the design of the stop sign is ruined by a bad creative process -- unfortunately, this parody resembles the process in far too many organizations and teams that try to do creative work in real organizations. It is funny but disturbing. He
saw this in Tina
Seelig's class, who teaches a fantastic class on the creative
process.
This video brought to mind three things:
1. One of the main sicknesses you see in this video is a failure to kill ideas. Most of the ideas are, on their own, sort of logical. But when you mash them all together, the complexity ruins the experience for the users and the designers end up doing many things, but none very well. See this post about Steve Jobs on the importance of killing good ideas for more on this crucial point.
2. Th process in the video, where a good idea isn't shown to users or customers, but each internal voice adds more and more, and forgets the big picture in the process, also reminds me of the stage gate process at its worst, where it each stage, the product or service is made worse as it travels along.
3. Finally, if you want a great companion innovation video, check out Gus Bitdinger's amazing song "Back to Orbit," which he wrote and performs. I wrote a bit more about it here. It was Gus's final project for an innovation class that Michael Dearing and I taught a few years back, and he does an amazing job of summarizing the key points of my favorite creativity book, Orbiting the Giant Hairball. It sort of addresses both the problems in the stop sign video and the solutions -- and in general is a delight and very instructive on the creative process.
This all raises a broader question: What are the most important things a boss can do to speed and improve the creative process. Certainly, talking to customers and users to identify their needs and test your ideas is standard and increasingly, so is the advice that you've got to kill a lot of good ideas, not just bad ones. I have also always been enamored by the power of a fast and civilized fight, and touch on a lot of other related topics in Weird Ideas That Work. Also, don't miss Diego's 17 Innovation Principles at Metacool;I especially like #17: It's not the years, it's the mileage. But I also know that there are some essential elements being left out here... what would you add?
"Graduation Advice, by Michael Josephson
Whenever I’m asked to give a commencement speech, I’m intimidated by the challenge of finding something to say that’s profound and practical without being trite. I haven’t succeeded yet, but that hasn’t stopped me from trying. So here are some thoughts for graduates:
- By all means, set goals and go after your dreams, but know that your ultimate happiness will depend not on your plans but your ability to cope with unexpected turns and unavoidable ups and downs. You may not get what you thought you wanted, but if you’re willing to adapt, you can get something even better.
- Don’t ever underestimate the power of character. If you want to win, don’t whine. Success is made from hard work, perseverance, and integrity, not luck.
- Listen to both your heart and your head. Pursue your passions, but don’t confuse feelings with facts. Almost nothing is as good or as bad as it first appears, and all things change.
- Remember, pain and disappointment are inevitable, but tough times are temporary. The enduring impact of experiences and the true nature of relationships are only revealed by time. Persist with confidence that no negative emotion can withstand your will to be happy.
- Fill your life with laughter, but don’t confuse fun or pleasure with happiness. Don’t sacrifice a thousand tomorrows for a few todays.
- Live within your means and don’t overestimate your ability to resist temptations that threaten your relationships or reputation.
- How you make a living is important, but how you make a life is vital. If you don’t pay attention to your personal relationships, no amount career success will be enough.
This is Michael Josephson reminding you that character counts.
Friday, May 14, 2010
the tao of productivity, by leo babauta
the tao of productivity
Become content, want little.
Post written by Leo Babauta. Follow me ontwitter or identica.
Be Content
Be content with what you have;
rejoice in the way things are.
When you realize there is nothing lacking,
the whole world belongs to you.
~Lao Tzu
If you realize that you have enough,
you are truly rich.
When there is no desire,
all things are at peace.
Master Non-Action
The gentlest thing in the world
overcomes the hardest thing in the world.
That which has no substance
enters where there is no space.
This shows the value of non-action.Teaching without words,
performing without actions:
that is the Master’s way.
2. What happens is a result of the actual nature of things — they will do what they do because of what they are.
The Master allows things to happen.
She shapes events as they come.
She steps out of the way
and lets the Tao speak for itself.
Relinquish Control
The Master sees things as they are,
without trying to control them.
She lets them go their own way,
and resides at the center of the circle.
The Master allows things to happen.
She shapes events as they come.
She steps out of the way
and lets the Tao speak for itself.
Stop Planning
Other people have a purpose;
I alone don’t know.
I drift like a wave on the ocean,
I blow as aimless as the wind.
Because he has no goal in mind,
everything he does succeeds.
Let Go of Success & the Need for Approval
Success is as dangerous as failure.
Hope is as hollow as fear.What does it mean that success is a dangerous as failure?
Whether you go up the ladder or down it,
you position is shaky.
When you stand with your two feet on the ground,
you will always keep your balance.
The Master does his job
and then stops.
He understands that the universe
is forever out of control,
and that trying to dominate events
goes against the current of the Tao.
Because he believes in himself,
he doesn’t try to convince others.
Because he is content with himself,
he doesn’t need others’ approval.
Because he accepts himself,
the whole world accepts him.
Do Your Work, & Step Back
Fill your bowl to the brim
and it will spill.
Keep sharpening your knife
and it will blunt.
Chase after money and security
and your heart will never unclench.
Care about people’s approval
and you will be their prisoner.Do your work, then step back.
The only path to serenity.
How To Stop the Blame Game, by Nathanael Fast
- Don't blame others for your mistakes. The temptation is huge to point the finger elsewhere when you make a mistake. Resist it. Not only will you gain respect and loyalty from your followers, you'll also help to prevent a culture of blame from emerging.
- When you do blame, do so constructively. There are times when people's mistakes really do need to be surfaced in public. In these cases, make sure to highlight that the goal is to learn from mistakes, not to publicly humiliate those who make them.
- Set an example by confidently taking ownership for failures. Our findings showed that blame was contagious, but not among those who felt psychologically secure. So try to foster a chronic sense of inner security in order to reduce the chances that you'll lash out at others.
- Always focus on learning. Creating a culture where learning — rather than avoiding mistakes — is the top priority will help to ensure that people feel free talk about and learn from their errors.
- Reward people for making mistakes. Some companies are actually starting to incentivize employees to make mistakes, so long as the mistakes can teach valuable lessons that lead to future innovation.
Two Rules for a Successful Presentation, by Nick Morgan
Rule One: Know Thy Audience.
Against this dismal human truth there is only one defense: focus your presentation on a single idea. Be ruthless. Write that one idea down in one declarative sentence and paste it up on your computer. Then eliminate everything, no matter how beautiful a slide it's on, that doesn't support that idea.
Tuesday, May 11, 2010
Bad is Stronger Than Good: The 5 to 1 Rule
"Bad is Stronger Than Good" is the title of one of my favorite academic articles, which shows that negative information, experiences, and people pack a far bigger wallop than positive ones. I touched on this theme in The No Asshole Rule and dig into in detail in the forthcoming Good Boss, Bad Boss. But perhaps the most important finding for most of us is the research on romantic relationships and marriages: unless positive interactions outnumber
negative interactions by five to one, odds are that the relationship will fail. Scary, isn't it?
Several studies found that when the proportion of negative
interactions in a relationship exceeds this “five-to-one rule” divorce rates go way up and
marital satisfaction goes way down. The implications for all of us in long-term relationships are both instructive and daunting: If you have a bad interaction with your partner, one (or apparently two, three, or four) positive interactions aren't enough to repair the damage. It apparently takes at least five -- at least over the long-term. Related studies on workplaces suggest, along similar lines, that bosses and companies will get more bang for the buck if they focus on eliminating the negative rather than accentuating the positive (although the latter is important, the best evidence suggests that more effort and resources should be focused on getting rid of bad people and experiences).
P.S. The citation is Baumeister, R.F.,
Bratslavsky, E., Finkenauer, C., & Vohs, K.D. (2001). Bad is stronger than
good. Review of General Psychology, 5, 323-370. Here is a link to the pdf: http://www.csom.umn.edu/Assets/71516.pdf.