Friday, June 30, 2006

Job Enlargement & Job Enhancement

I was recently thinking about ‘Job’? Job enlargement vs. Job enhancement? Is one a scope issue vs. a quality issue? I decided to explore and conduct a literature survey to better understand.

My searches lead me to Mintzberg… Mintzberg talks about horizontal expansion of the job, where additional tasks are added to ones portfolio while at the same skill level. The variety in the job enables the individual to learn, stay excited and avoid boredom. Mintzberg refers to this as Job Enlargement!

Mintzberg talks about the vertical expansion of a job which results in increased responsibilities and elevation in role (increase in prestige and visibility). He calls it Job Enhancement. I finally confirmed my hypothesis, enlargement vs. enhancement is truly a scope vs. quality issue respectively.

Thanks to the 20 some emails I receive each day offering to enhance or enlarge anatomical parts of my body… Inspirational I tell you!

Thursday, June 29, 2006

Why We Hate HR-Counterpoint : Fast Company Now

Fast Company Now: "Why We Hate HR--Counterpoint"

1) Companies hire inexperienced and unqualified people to handle HR, but expect them to perform at higher levels than they are qualified.
2) Companies do not invest in HR as they do in other departments.
3) Many small to medium size companies have HR people that are strategic partners.

Most of the HR participants believe that they are strategic partners. It would be interesting to ask their CEO's and management team's opinion.

From Fast Company...

Why we need strategy?

Why do we need strategy, I wonder? In my list of the most abused business words, STRATEGY is at the very top, it’s the “Shame Spot”. I have written about strategy before with the perspective of what it means, may be that will lead me to my answers?

In my quest I found three leads:

  1. Data & Information
  2. Hedging & Speculation
  3. Hypothesizing results

People often confuse data with analytics and analytics with insights and insights with strategy. I believe in the real world data translates to information, information to knowledge. Our data systems only capture limited elements of data not just about events and their performance but all the ancillary things connected and disconnected that may or may not have affect the outcome.

From the point in time we start school to the point we retire we hedge! There is not guarantee that you will score an 'A' in a course and likewise no guarantee that we will have enough saved for a stable, relaxing retirement. We set ourselves to an unstated (but understood) mission of meeting our goals successfully. We make puts and calls on the options that lie ahead of us, pace ourselves, change directions until we get to our set destination or close to the goal.

Hedging and Speculation only works if you know what to expect? The goal therefore is just a hypothesis from making the puts and calls.

So there we go… I believe collectively they create the need for strategy?

Wednesday, June 28, 2006

Competitive Advantage! - Funny one

The Motley Fool: Talk About a Competitive Advantage!

Just imagine the marketing possibilities for these companies, owned 100% by Berkshire Hathaway.

"Switch to GEICO, and help global health!"

"Jordan's Furniture: Where your new living room can help cure diphtheria!"

"Acme Brick: Rebuilding libraries, one brick at a time!"

"Helzberg Diamonds: 30% more likely to help cure AIDS than other jewelers. (Except for Ben Bridge and Borsheim's.)"

...from The Motely Fools

Talk about compaction!

Forbes.com Article: "Get Ready For Stagflation"

The first time I heard Stagflation I thought... Oxymoron? Stagnation + Inflation, but it is not. Only because the word is our way of cramming more info into one single word-compaction. The word focuses on two seperate areas, Stagnation of business and Inflation of prices.

Bureaucracy is structure

I don’t know of one individual who likes bureaucracy? If you do drop me a note I would be interested… in any case what is it about bureaucracy that we HATE? I started to wonder and like most other things in my life made a list.

  • Checking in
  • Checking out
  • Delays
  • Authority
  • Lost productivity/creativity
  • Unnecessary baggage

Oh I could go on and on and on….

But bureaucracy is organization! My list above is an organization to my thoughts, plans to do things in an orderly fashion and planning them out is organization. Bureaucracy is order!

Why and when did bureaucracy turn into a negative term? As individuals we all like order, often times we become slaves to this order. It’s this ‘slavery’… the over dependence on a need for order that gives rise to bureaucracy

Tuesday, June 27, 2006

Multiple of three

In 1998 Daniel Goleman wrote an article in the Harvard Business Review (Nov/Dec98, Vol. 76 Issue 6, p93-102, 10p, 1 chart, 2c; (AN 1246794)). In reading through it I came across the usual little sections in the main article that add spice and the occasional brain tease – “Can Emotional Intelligence be learned?”. Daniel made a reference to the brains limbic system that develops are emotional intelligence. The neurotransmitters in the limbic system according to Mr. Goleman develop through Motivation, Practice and Feedback. Motivation, Practice and Feedback so simple and yet so obvious!

I believe life is as simple as three corners of a triangle, with the area under the triangle remaining constant! To maintain a balance we stretch in one direction as needed and compensate with contraction in the other direction/s.

Three points is also the minimum needed to create a plane surface through them.

 Posted by Picasa

The Half Life of Ideas

Fast Company Now- Refrences the WSJ article why management trends quickly fade away (online subcription needed).

FC has summarized the points elegantly... worth a read

Monday, June 26, 2006

Attitude Adjustment

Attitude Adjustment from the Fast Company

Stint abroad is a résumé requirement - some advice on bridging cultural divides.

Saturday, June 24, 2006

How Can You Become a Smarter Marketer?

ANA Marketing Maestros: How Can You Become a Smarter Marketer?:

"It will require that we innovate, think differently, think like our customers"

Friday, June 23, 2006

Creative Recombination

Managing Change in a World of Excessive Change: Counterbalancing Creative Destruction and Creative Recombination
Eric Abrahamson is professor of management at Columbia Business School.

Ideas At Work

Some intersting articles from Columbia Business School






Columbia Business School: Ideas At Work

Sociogram

One of the first things I always ask from every new organization I visit/join is an organization chart. Call it by any other name (ORGANIGRAM as introduced by Mintzberg) it still represents the same elements, the organizational focus, reporting lines, flow of authority and responsibilities.

The part that is interesting is when one flipping the charts upside down! The ORGANIGRAM transforms into a SOCIOGRAM of the organization, the influence at every level in the hierarchy. Width of the structure at any level is directly proportional to the extent of social influence that level casts both above and below.


Posted by Picasa

Thursday, June 22, 2006

The 15% Rule

Some have called it the GE model, I have not seen it to confirm... in anycase I think this is a hybrid of what I come to know.

The top 15% performers within a grade level will outperform the bottom 15% performers of the next higher grade level.

Talent Management must be the center stage of any corporate strategy even with an aging population.

Posted by Picasa

Wednesday, June 21, 2006

Career GPS

A couple years ago I started my list of the most abused business words. The list is not as long as I had expected it to be but continues to grow, some day I will publish the list. One of the words I recently started grappling with is “Career Pathing”. What is a career path? I did a general search on Google and came across the following links…


o Career Journal/College Journal from WSJ
o Internet Public Library for Teens
o Numerous recruiters and internet job forums and boards
o Career sections from National and Regional News papers – NYTimes, ChicagoTribune, etc.
o Various consortiums – Business Education, MBA.com, etc.
o Even some astrology sites…
o & much, much more

A common theme across all of the sites was creating awareness of the kinds of jobs, philosophies on what it expected at those levels, an inventory of the arsenal, tools and methods available at our disposal that we as individuals can leverage and some biographies of successful people who have made it and how. Clearly none had a route to get there only a map of the territory and some anecdotes and stories of previous explorers.

Tere are ten ways from Tuesday to skin a cat and so is true of a career path. There is a clear need to know where you want to be, develop and demonstrate the skills, adjust and sharpen the worn edges, an idea of what is one willing to stake and for how long and lastly what’s the exit strategy incase the goal seems worthless as things evolve. Our coaches and mentors can guide us but at the end of the day you are what you make of an opportunity!

Is there a Career GPS? Can I set my destination and have it steer me to the right destination?

HR and Strategy

Once you get beyond the sales pitch... an interesting article by - Right Management Consulting
HR's role in strategy implementation.

I wish HR could see as clear as the article and was as effective as the idealistic view shared in the article.



Image copyrighted to - Right Management Consultants Posted by Picasa

Tuesday, June 20, 2006

COORDINATION & AGILITY

Every organization is unique! Big, small, young, mature. On a weekend recently I decided to sit back and figure out the differences between the DNA of a startup and the DNA of a mature organization. I thought for a while and could not find anything distinguishing! I decided I would look though news from organizations on the public wires as examples to distinguish their characteristics.

The most commonly used word that I came across in the new content on mature organizations was “synergy”. But synergy means there are common strengths and these strengths align. I have seen many a teams in a tug of war, they both have strengths and they all work whole heartedly only to stay in the same position without moving one way or the other. So could they mean “alignment”? May be… COLLABORATION and COORDINATION? That was my “aah ha” moment, I thought that makes sense, benches of managers are taught over and over the art of leading, or what I call the sociology of creating influence and change. Successful change only occurs through collaboration and coordination.

I then started to search literature on startups and smaller organizations! A common theme that stood out was the desire to met a distinctly different or ancillary (yet different) need created by the products from the large corporations. So why was it that the large mature corporations miss the opportunity? They have smart people, they foster entrepreneurial spirit, they have deep pockets, then what’s so different. The answer was some what obvious, AGILITY and SERVICE!

All mature corporations start as startups at some point with the much needed agility, one on one customer service, as they begin to grow agility took back seats… rightfully so! The scale and scope forcing them to create greater collaboration and coordination between the moving parts of the organization. It would be fascinating to turbo charge an organization with the right mix of coordination and agility!

Monday, June 19, 2006

Perception Perception Perception

Recently on our drive back from lunch with a couple friends we started to talk about emerging markets in particular India and China. We had a diverse and eclectic crowd to carry on a stimulating conversation on perceptions.

Some one started by asking the multicultural folks in the car what was the general opinion of the US in markets like India, China and the East in general. I thought to myself and wondered if I ever thought of that question when I lived in India? No, not really. But that may have been because I was a young student and did not spend much of my time thinking about markets instead in more interesting teenager distractions. I wondered what did my parents think of the USA, given they had traveled all over the world much before I ever got on an airplane? Again I drew a blank, guess we never discussed those kinds of things? I forced my mind to race a couple years into the future immediately after I arrived in the USA… I remember being enamored with shopping, spending making merry. Meanwhile my buddy blurted out ‘The world’s shopping mall’, ‘The world’s spenders and shoppers’… there was a moment of silence in the car while everyone ruminated and assimilated the comment. How true!

I stopped to ask what I thought were obvious answer, what do we think of India? The answer was “The world’s back office”, right on I thought… what do we think of China? “The world’s factory”, came the answer.

Perception is reality, a brand managers once told me…. how interesting!

Sunday, June 18, 2006

Friday, June 16, 2006

Driving the only Metric that Matters: GROWTH

Association of National Advertisers, Inc.

Booz Allen Study on Marketing Organization DNA.
related blog: ANA Marketing Maestros

Success is never on 'SALE'

RadioShack CEO Claire Babrowski on how women can rise to the top

Podcast from the University of Chicago - GSB

http://chicagogsb.edu/multimedia/podcast/gsb.xml

Thursday, June 15, 2006

Saatchi has always been my fav

Chk out their How ideas are generated site - Saatchi & Saatchi

Work - Variety & Excitement

Every the years I felt a gradual stagnation kicking into every role I held, I wondered why? It drove a need to move up the corporate ladder, I pushed myself harder and made it happen in most cases and on other occasions decided to move on. Then recently on my ride to work a concept seeded in my mind… what is it about a new job and a higher role that creates excitement? The image below is the result of that ideation!

The colored triangles represent functions within the organization, they start off with a large base where a lot of the work is hands on. As the individual rises within the hierarchy of the organization their contribution to real hands on work declines but it automatically creates a certain amount of variety in the job (people management, management of budget, etc.) the title adds to the social influence the individual is able to have on his immediate organization and the rest of the company.
 Posted by Picasa

Wednesday, June 14, 2006

Destruction of creativity

One of the most misunderstood theories of management has been scientific management by Fredrick Taylor and the sister effort in Europe by Max Weber – “Division of labor”. Organizations emphasized specialization of roles and functions in order to improve productivity. Along that thought finance managers became financial experts, Marketers became marketing experts, the Customer service people became logistics and order management experts and collectively they coordinated the work to make an ensemble “The Company”. As some of these people rose through the ranks of their specific functions, some functions evolved to realize the need for breath and started to call themselves general management. General managers are groomed to be able to talk about overall management, describe a holistic view of the business that included all the tasks they may or may not have had a chance to perform at some time or the other during their careers. General management usually comes from the core function of the business or the line business with responsibility for the profit and loss for the organization. General management make allocation decisions on funds and career paths for the entire company.

Over that same period of time creativity in the support functions has been destroyed! Functions became SILOS and were mandated to stay ancillary without opportunity to enter general management, each got a seat at the table while GMs sat at the head! Outside of line management motivation is expected to be derived mostly from financial rewards and punishment… not work enrichment.

In his 1983 book Structures in Five – Designing Effective Organizations, Mintzberg refers to this exact concept but focuses on the blue collar jobs. He quotes James Worthy of Sears and Roebuck from 1950, “One has the feeling of division of labor gone wild, far beyond any degree necessary for efficient production”. This by removing “all possible brain work from the shop floor and moving it into planning and laying out department”.

Tuesday, June 13, 2006

Another one of my favorites, WOW!

Tompeters!

It is soooo obvious we don’t get it…

Most managers get so involved in the tactical projects they are engaged in that they often miss the big picture. I am a huge supporter of the balancing act between tactical bent versus a serious long term focus. I was at a friends place and he was trying to convince his little boy to change as we prepared to step out for a drive to the beach.

It was interesting to watch him expedite the process for an incentive to be able to play at the beach. The thought of the beach had only limited value given the little boy was enjoying his toys. In addition it also meant the little kid would have to clean up, obviously change and all that within a constrained amount of time. The kid looked reluctant, thought for a little while but finally decided he would get started. Guess he knew there was more in store once he got to the beach… pizza, ice cream, play in the ocean, sand castles, etc.

Some of these lessons come fairly early in life and yet, day in and day out we get bogged down by the most mundane and tactical things on hand and miss the big picture.

Fear of the benchmark!

Change is not easy, we have heard that a million and a half times! To the contrary a recent change I went through was GREAT. I am not just saying it but I mean it, the part that uncomfortable was the paranoia caused from my baggage. No I am not talking about inflection curves from Andy Grove’s, Only the Paranoid Survive. I am talking about the paranoia of “the known”. Am I beginning to sound stupid? but seriously… I mean paranoia of the knowing someone who is the very best that you cannot mimic no matter what you do and how hard you try!

It is the fear of the peak in front that looks insurmountable causing one to mock and poke holes! It is the fear of the benchmark. The manifestations of fear are even worse!

Why the fear? No one said a benchmark is the best strategy but the reverse is not true either

Judgement & Experience!

Good judgment comes from experience, and experience comes
from bad judgment.
- Barry LePatner

Monday, June 12, 2006

ANA Marketing Maestros

interesting Blog on the ANA site.

ANA Marketing Maestros: Growth-The Only Metric that Counts

Some of my intersting bookmarks…

I recently received a request to post my bookmarks, here are some of the more interesting ones…

o Prediction Markets
Paper
; Info.
Here is from today’s Dow Jones Index hedges, whether the markets will rise or fall

From NewsFutures.com.

o Zietgiest
News
; Definition

April 2006 - Zietgeist

Sunday, June 11, 2006

MENSA

I have a friend who is a Mensa. Years ago when she first told me about Mensa, she had a way of describing the organization. She said if you have a room full of Mensa members, you will have as many opinions in the room as the number of people, that’s a Mensa. I started to wonder if they were colored or white, short or tall, thin or fat, professional or stay at home. I am a strong supporter of diversity I have wondered how it would fit with the diversity strategy at most corporations.

We are always confusing diversity with equal opportunity? Why do we track them by race, gender? What is diversity really?

Friday, June 09, 2006

Self Organization

Self-organization is a process of increasing complexity in an effort to evolve! I came across the concept a couple years ago during a presentation about process scheduling – Bucket Bridges. "Bucket brigades" are a way of organizing workers on a flow line so that the line balances itself. I decided I would read up on Self Organization. I came across a cloud fall of data, the part that struck me as the most amazing was the fact that nature does not like organization and structure! That’s interesting? Guess that explain Man proposes, god disposes.

I worked for an organization where we had a clean desk policy for various reasons… some of our data was very sensitive in nature and more than anything else it was always believed a clean desk reflected discipline. The paradox is… there are instances of articles like - Messy desk = ordered mind, expert says; and then we have Laurence J. Peter - If a cluttered desk is the sign of a cluttered mind, what is the significance of a clean desk? A clean desk was a digression… it is interesting to note our obsession with organization. I once spoke with an executive who told me he wanted to put together an organization that delivered consistent breakthroughs! I have said this before… organization and breakthrough, oxymoron aren’t they? I have tremendous respect for organizations like 3M-Century of Innovation (US corp site) that consistently deliver innovation, but from the literature I have read I am convinced they thrive on chaos!

Values

I feel I am very fortunate to have had the opportunity to experience multiple cultures. Experiences help sculpt personalities and personalities define your choices… your choices make YOU! People and organizations all have value systems based on their experiences and cultures. I challenge you to find one that is NOT positive or self reinforcing! Yet we have all the crime, hatred, prejudice and bias.

Years ago I had a vice and one day I decided I would rid myself of this vice. I made a firm commitment to myself and decided I would share with my friends and my mentor. My mentor and I share similar origins and background; I have counted on him for an objective opinion over the years and often a socio-religious perspective. During my chat I told him about my plans, his reaction was, “I was weak and was the sharing was my drive for self affirmation!” that struck me as a tad bit odd. I enquired why he thought so. His response amazed me and to date continues to provide me strength in the decisions I make and all my execution plans. He said my brain has helped me synthesize the facts and realize that the vice would hurt me in the long run but my heart needed help in believing I could pull it off. The heart did not feel strong enough to be able to execute and hence I felt the need to say it out loud to my friends and repeat it over and over… my heart needed to start believing in being able to accomplish what I had set out to do. I cherish that advice to date!

Each time I read values of organizations around the world the everything from Enron to WorldCom, for profit to nonprofits, governmental organizations and nongovernmental organizations, it echoes of weakness. That lacuna in the hearts of these organizations, we can’t maintain these standards, but we continue to try, may be someday we may embody them?

Thursday, June 08, 2006

Strategy, Needs and Strengths

Diversity is the talk of the day. There isn’t a single corporation that has not included diversity as part of its strategy. What changed in the last decade that has made diversity such a significant element in our work place? Government has instituted accountability, we have clearly gotten more litigious as a society and there has been a significant rise in media coverage on outsourcing and developing and emergent markets like the BRIC countries. I am not sure that could have done it though? Given peoples migratory patters for generations! We have certainly started to measure them in greater detail lately than we ever did in history.

But who knows… it is all a mater of point of view.

Back to strategy… needs and strengths drive strategy! Diversity is a necessity and so it is a strategy. What is diversity anyway? The dictionary definition was “differing from one another; composed of distinct or unlike elements or qualities”, but that is not how it is measured. Is this once again one of those “SHADOW MAGIC”. People miss the obvious, diversity is not just physical, and it is diversity of thought and action. How do we measure it? It is not enough to measure it but to appreciate and reward it! Don’t muddle strategy with WYSIWYG.

Cult of objectivity

Diversity at its best from, CBC Radio - Ideas.

An interesting and diverse perspective on opinions from Continental Europe and the United States in a coffee table discussion - CONTINENTAL RIFT
(A discussion between French philosopher Alain Finkielkraut and John MacArthur, publisher of Harper’s Magazine)

link to the audio - MP3

Wednesday, June 07, 2006

Life of learning

When I graduated I heard the classic convocation speech… learning does not end with school but is the end of the beginning. I surely felt… ok so I am on my way to graduate school, I got it. Two more years and I will be done for sure. Finally! Then I heard it again at the end of my graduate degree and I felt how could that be? I started my first job a highly reputed organization and when it was time to move on I reflected on all the new things I learned and I was amazed. The second time the economy turned sour and I was let go before I could exit. But I continued my reflection only to realize my learning continued, I had made strides both professionally, personally, made great friends for life and stepped on numerous toes. I entered into a business and was very successful; I realized the lack of a structured development program and started to acquire codified knowledge from texts, journals and professional interaction. But the learning continued! I acquired tacit knowledge from my hands on work and felt enriched! It was time for a change again. I worked at another company and my growth accelerated far surpassing my peers… I wondered what could have caused it? There had been areas where I had refined and enriched myself through the acquisition of codified knowledge that it felt unusual to relive the readings and writing from literature I had read and assimilated. Codified knowledge is no replacement for tacit hands on learning but it is a good start! Without adequate the tacit knowledge codified learning is like reading the word “hot” but not knowing what “hot” really feels like. In essence learning continued. I am not sure I understood what it meant when I heard those words… learning does not end with school but is the end of the beginning. I do believe it has been a life of learning.

Kids & Stewardship

There is much to be said about a kid who wakes up and makes his or her bed… help with readying up the table for dinner, doing the dishes after dinner, picking up after play, helping with the yard work, etc. etc. Each time we visit our friends I love to watch their kids, they inspire me… There is always something interesting to notice from one child to the other and from one set of kids to the other.

  • Not everyone will take on a task without being asked.
  • Some compete with their brothers and sisters and other family based on the effort
  • Some will do it but only half heartedly
  • Some will do it because a guest is present
  • Some others will do it for candy

The list goes on… When does stewardship really settle in our psyche? Almost every single one of us has heard fable of the boulder in the middle of a major road that blocks traffic but not a single resident would invest the effort in moving it to the side. Until one day a gentleman decides to move the boulder only to realize a handsome gift hidden beloe the boulder, from the king for his STEWARDSHIP and social responsibility.


And yet we all forget! Dr. Covey makes a profound statement… “the gap between stimulus and our response to that stimulus is choice”, in 7 habits of Highly Effective People. It is these choices that define who we are!

Organizations offer innumerable courses to its employees on stewardship and personal responsibility, I challenge the approach. I think what we need is a course that appeals to that inner self, the one that weights good versus bad, right versus wrong and drives our choices!

Tuesday, June 06, 2006

Hiring: The Lake Wobegon Strategy

http://googleresearch.blogspot.com/2006/03/hiring-lake-wobegon-strategy.html

  • Lake Wobegon Strategy - only hire candidates who are above the mean of your current employees
  • no hiring manager
Must read - Who is Running Google?, Article from Forbes

Modified Manager

Posted by Picasa

Create an imperfection and leveraging it

I grew up learning that imperfections were a bad thing. Our parents, our teachers and almost everyone is always trying to fix something or the other. They are always trying to fill some void somewhere… “You don’t read fast enough”, “You don’t chew your food”, “Improve your hand writing”, “Improve your vocabulary”, I could go on and on… As I grew I realized I there was no way I could do all those things right… I am sure there are others more immaculate than me but there is an equal likelihood of those like me. What a novel idea I thought… imperfections as an opportunity to serve!

A marketer will tell you it’s your differentiation strategy… an economist will tell you it’s your leverage strategy.

Each time I hear some one say, every business there is to be built has been built. I say, you aren’t looking hard enough! If an opportunity does not exit, create an imperfection and leverage it.

Talk about TrUsT!

Trust me! I am hoping I will have lost you by now. Wow… I must have some credibility? Yoo-hoo. I was critically analyzing trust as the starting point for a relationship recently. The model fell apart given the need for the parties to invest trust. Each party had their own points of view. One assumed that it demonstrated trust by coming to the table while the other assumed... that as the start of trust building process. When the first was expecting the second to build credibility the first expected the same from the other. There is no greater truth than acknowledging, ‘everything in life is a two way street!’, so is TRUST!

The only thing I ever learnd from my engineering background was don’t make any assumptions. Granted there is no enough time or money to do much without making assumptions, but I am not sure I can start with trust as a basis for an assumption…

I am a 'do it and show me' guy… nothing prepared me more for that than my upbringing and later, school. As an engineer I always tried things and strived for the same from my peers. I evolved into a marketer and learnt the vitals of marketing… VALUE PROPOSITION! It’s the credibility element. Trust follows with credibility, then why should trust be the start of a relationship model?

Monday, June 05, 2006

Google Trends







Another fabulous tool only from the labs of Google! Google Trends

http://www.marketingprofs.com/6/reynolds9.asp

The future of the enterprise

Only from IBM - Expanding the Innovation Horizon
http://www-306.ibm.com/e-business/ondemand/us/pointofview/enterprise/mar27/index.html

  • Business model innovation is becoming the new strategic differentiator. "The business model we choose will determine the success or failure of our strategy," one study participant said. In contrast to the findings of the 2004 survey, innovation in the enterprise's business model garnered nearly as much attention as innovation in a company's core processes and functions.
  • Business model innovation can pay off. In the financial analysis for the study, companies that have grown their operating margins faster than their competitors were putting twice as much emphasis on business model innovation as underperformers
  • Innovation doesn't need a badge to get in. CEOs said their company's employees were the most significant source for innovative ideas. But ranking close behind employees were business partners and customers—indicating that two out of the three top sources for the best ideas now lie outside the enterprise.
  • Collaboration can pay off. The financial analysis explains why CEOs are more eager to partner and engage with other organizations than ever before. Companies with higher revenue growth reported using external sources significantly more than the slower growers. As one CEO said: "If you think you have all the answers internally, you are wrong."

Getting personal!

I formulated an equation on Friday after a long and hard day... The more I looked at it the more it made sense.

Lightening strike * Right Angle of incidence = Minimal damage

I started to apply the soft stuff and added a pinch of Asian mysticism, the formulation looked even better.

Lightening strike * Angle of incidence + Good Karma (to compensate for Right Angle) = Minimal damage

Until finally I pulled one from my mom’s receipe. Now I had the heavy weight...

Lightening strike * Angle of incidence + Good Karma + Fate = Minimal damage

By the end it seemed like a panacea! No kidding! Take this and apply… if it fails let me know. Granted I did not need to do any ground work, but Good Karma compensates for that part… No ground work, no Karma!

Mentornet



CEO and talent Management

The CEO’s role in talent management
A paper by the Economist Intelligence Unit in co-operation with Development Dimensions International
May, 2006

Talent management now features prominently on the CEO’s agenda, according to a white paper by the Economist Intelligence Unit, in co-operation with Development Dimensions International (DDI), a global human resources consulting firm. Once only of concern to human resources (HR) departments, it is now among CEOs’ most pressing responsibilities, taking more than 20% of their time. The overall view is summed up by Tom Wilson of US insurance giant Allstate Corp.: “The most important thing I have to worry about is people.”

http://www.eiu.com/site_info.asp?info_name=eiu_CEO_role_in_talent_management
(may need subscription)

Friday, June 02, 2006

Like minded...

http://wheelsareoff.blogspot.com/
http://serializedepic.blogspot.com/
http://orperhapsnot.blogspot.com/

Interpreter of dreams

It is an amazing opportunity to look at organizations and structures. It is amazing to notice a stark similarity with historical accounts of empires and princely expedition. In a series of lectures delivered between 1915-1916 at the University of Vienna, Sigmund Freud mentioned the historical importance of dream interpreters. He went to the extent of narrating an episode from Alexander, The Great’s expedition to conquer the world, when the emperor contemplated backing off from a long siege of Tyre. It is then when Alexander dreams of victory. The emperor quickly summons his dream interpreters who guide the emperor to continue with the siege for victory will sure be on his side. The story is surely very fascinating and bears strong resemblance to our organization today. In the consumer packaged good world where Marketing is considered and treated as a line management function the world revolves around the Marketer and eventually the General Manager.

All functions support the GM in his or her tasks. In today’s day and age of effectiveness, efficiency and performance measurement the two arms of the GM are finance and marketing research. In his book the Innovator’s Dilemma, Clayton Christensen talks about an episode at EMC when they were able to understand and relate the prospective organization structure pure based on look at the architecture of the motherboard of a DEC computer. More recent the NY Times example mapping of emails at Enron let to an insightful discovery. Emails exchanged between various people in the organization to isolate and identify the most important and potentially the most influential member of the organization. In turn detect anomalies where people had duplicate emails addresses to work around the system.

Structures are interesting and so are the patterns they bear resemblances to. Technology has only helped to blur some of the boundaries between their specific deliverables but for the most part that continue to be the dream interpreters to the leaders as they analyze the past and recommend future course.

X O X O

I have noticed I am more intrigued by simplicity in life than I am by any thing else! It is absolutely amazing. By my very nature I have a tendency to complicate things. My muse always tells me I need to think simple. I certainly believe it is a more enriched form of thinking and I need to work towards it. In every element of life be it communication, planning, execution, design, engineering, marketing, etc. simplicity is clarity. As a perpetual student of strategy I believe the power of simplicity does the same as Sherlock Holmes demonstrates in his ability to find the obvious. Simplicity has greater penetration than anything else, it is lucid, it takes practice.

Overtime I have noticed and made a list of things I have deemed to exemplify SIMPLICITY!

Google – Search Engine
iPod – Apple
Mission: In L Out J – Scoop de Ville Ice Cream (1734 Chestnut Street, Philadelphia PA, 19103. 215-988-9992)

I have a long, long list that is now taking up a lot of hard disk space on my machine.

Charisma

He’s got the Fire in his belly! She has a presence about herself. I get Butterflies fluttering in the stomach each time I meet them.

I am the first to exclaim and will be the first to say that about people. Some organizations have it, stoke it, develop it and others struggle. Eventually it is all a point of view. Where you are, where you have been and how you got there will pave the way. This is as true of people as it is of organizations and how they perceive people.

People are by far the most amazing and interesting entities. Who has charisma and who does not is much more a function of where they have been (the company they have kept) and how they got there (gusto) than just their past and pro forma performance. Jim Collins in his book good to great talks about how charisma can be a dangerous thing, his example of Winston Churchill’s management of information during the second big war is a perfect example of the dangers of charisma but at on the same note a leader without charisma is like a light house without a light.

I do feel the need for a certain exhilaration every once in a while! Not the kind of high from a shot of tequila but a true rush from the talk of accomplishments. High level of performance often feeds the fire, but I am my own judge! I do need the external unbiased assessment but that only helps to reinforce or course correct my personal assessment, not drive me to be Charismatic!

Annual meetings are often an amazing place for stock price talk. The external assessment of the performance is often mistaken for success, but I want to high light the recent turbulences and corporate scandals where organizations saw some hay days… at the heights of their stock prices their leaders took respite in fake earnings. Performance is not a substitute for charisma! Performance is luster while charisma is ability to reflect light.

Visual Complexity

Visualization! See, experience then imagine

Fascinating Site - http://www.visualcomplexity.com/vc/

Thursday, June 01, 2006

Summer Destinations

Go Green >>>

Shadow Magic

I am a huge fan of the international films. A couple years ago I watched a Chinese movie called Shadow Magic, an interesting story about the introduction of motion picture in China. The story revolves around an enterprising Englishman and a young Chinese photographer brought together by fate and inquisitiveness. The crux of the story is conflict with tradition and triumph of ingenuity.

In any case this is not a movie critic I don’t think I was cut out for it, nor do I have much interest in it. I just like the pun that is life! I am just playing on the words like always, SHADOW MAGIC, bait and switch… Can’t think of a better way to talk about it would playing it out.

Metrics and measurements always fascinate me. Twain said it better than anybody else.

"There are three kinds of lies: lies, damned lies and statistics."
- Autobiography of Mark Twain

In school we studied ‘causality’, it takes a smart statistician combined with a sharp social scientist (Levitt is clearly a rarity) to interpret numbers… Performance scores, success measures are quite the same. I cannot count the number of times I have seen people measure and interpret the way it looks best versus the way it really should. It is Shadow Magic! Although nature always has the last laugh, Darwinism I guess… what else?

Bragging Rights

Very interesting article on "How to Brag?" - Social Responsibility

Fleishman-Hillard

Vee-sur-jun

These days it is tough to read a business article without the mention of China or India. I am surprised Brazil and Russia have not made it into those circles yet? You broaden your circle of measurement and it is all the more surprising to see it is not just business but popular culture, fashion, slang (common lingo) that has begun to be influenced by India, the insourcing from India as we outsource business.

Last year I was amazed when I read market penetration statistics published by Borrell Associates for the Apple iPod only a couple months after launch. I was a recent summit when I was introduced to the term “THE DEFAULT BRAND!”; the Apple iPod is the default brand in the portable mp3 player category, much like Starbucks is in Coffee and Amazon.com is for internet books purchases. If market penetration were a measure… India is quickly becoming the default brand for outsourcing everything… and I literally mean everything.

The list is amazing –

  • Make it Madras from Old Navy – Name of a South Indian City that originates the name of the print
  • Avatar, Online altar egos – Indian word for incarnation (access to this link may need subscription)
  • Big Blue Shift – IBM holds its annual investor meeting for the first time in Bangalore India
  • Pick up the phone to call your financial services provider or even the Tech support for your computer or its peripheral and expect to speak with some one in India
  • Walk up to your neighborhood departmental store and be amazed to see half the store sourced from China and the other 30 odd percent from India the rest 20 percent from all over

I could go on and on… in closing though I could solve the mystery of the title of this short essay, which originates from Marathi an old Indian language. Vee-sur-jun means immersion.