Archive for March, 2024

Credibility and Trust – a Powerful One-Two Punch – If You Build Them

Credibility built – when the situation is not good, you say “the situation is not good.”  And when things went poorly you say “things went poorly.”

Trust built – when things go well you give away the credit.

Credibility built – when you provide a controversial perspective and three years later it turns out you were right.

Trust built – when you share your frustrations in confidence.

Credibility built – when you ground your argument in facts, especially inconvenient ones.

Trust built – when you say “I will keep that in confidence” and you do.

Credibility built – when you don’t know, you say “I don’t know.”

Trust built – when you do something that benefits others but comes at your own expense.

Credibility destroyed – when you tell people things are one way when they know it’s the other.

Trust destroyed – when you respond from a hardened heart.

Credibility destroyed – when you tell partial truths.

Trust destroyed – when you avoid doing the right thing.

Credibility and trust are a powerful one-two punch, but only if you build them.

Image credit — _Veit_

Are you a striver or a thriver?

Strivers do what’s best for them.

Thrivers do what’s right.

Strivers want more.

Thrivers want what they have.

Strivers can’t push back on people that are higher on the org chart or disagree with them.

Thrivers push back and disagree regardless of the org chart.

Strivers trade promotions for family.

Thrivers put family first – no exceptions.

Strivers are less than forthcoming to avoid conflict.

Thrivers put it straight over the plate to create the right conflict.

Strivers get led around by the nose.

Thrivers will punch you in the nose when you deserve it.

Strivers don’t have time for trust.

Thrivers put trust ahead of all things.

Strivers do the wrong things that come at your expense.

Thrivers do the right things that come at their expense.

Strivers step on your head.

Thrivers put you on their shoulders.

Strivers create headwinds to slow their peers.

Thrivers create tailwinds for all.

Strivers are afraid of thrivers because they cannot manipulate thrivers.

Thrivers don’t like strivers because they manipulate.

Strivers use the formal organizational structure to exert power.

Thrivers use their informal networks to make the right things happen.

Strivers blame.

Thrivers make it right.

Strivers are forgotten.

Thrivers are remembered.

Will you be forgotten or remembered?

Resource Allocation IS Strategy

In business, we have vision statements, mission statements, strategic plans, strategic initiatives, and operating plans. And every day there are there are countless decisions to make. But, in the end, it all comes down to one thing – how we allocate our resources.  Whether it’s hiring people, training them, buying capital, or funding projects, all strategic decisions come back to resource allocation.  Said more strongly, resource allocation is strategy.

Take a look back at last year.  Where did you allocate your capital dollars?  Which teams got it and which did not?  Your capital allocation defined your priorities.  The most important businesses got more capital.  More to the point – the allocated capital defined their importance. Which projects were fully staffed and fully budgeted? Those that were resourced more heavily were more important to your strategy, which is why they were resourced that way. Which businesses hired people and which did not?  The hiring occurred where it fulfilled the strategy. Which teams received most of the training budget?  Those teams were strategically important.  Prioritization in the form of resource allocation.

Repeat the process for this year’s operating plan.  Where is the capital allocated?  Where is the hiring allocated?  Where are the projects fully staffed and budgeted?  Regardless of the mission statements, this year’s strategy is defined by where the resources are allocated.  Full stop.

Repeat the process for your forward-looking strategic plans.  Where are the resources allocated?  Which teams get more?  Which get fewer?  Answer these questions and you’ll have an operational definition of your company’s forward-looking strategy.

To know if the new strategy is different from the old one, look at the budgets.  Do they show a change in resource allocation?  Will old projects stop so new ones can start? Do the new projects serve new customers and new value propositions?  Same old projects, same old customers, same old value propositions, same old strategy.

To determine if there’s a new strategy, look for changes in capital allocation.  If the same teams are allocated more of the same capital, it’s likely the strategy is also the same. Will one team get more capital while the others get less?  Well, it’s likely a new strategy is starting to take shape.

Look for a change in hiring.  Fewer hires like last year and more of a new flavor probably indicate a change in strategy.  And if people flow from one team to another, that’s the same as one team getting new hires and the other team losing them.  That type of change in resource allocation is an indicator of a strategic change.

If the resource allocation differs from the strategic plan, believe the resource allocation. And if the resource allocation is the same as last year, so is the strategy.  And if there is talk of changing resource allocation but no actual change, then there is no change in strategy.

Image credit – Scouse Smurf

Some Ifs and Thens To Get You Through Your Day

If you didn’t get what you wanted, why not try wanting what you got?

If the timing isn’t right, what can you change so it is right?

If it could get you in trouble, might you be on to something?

If it’s impossible, don’t bother.

If it’s easy, let someone else do it.

If there’s no possibility of bad things, there’s no possibility of magic.

If you need trust but have not yet secured it, declare failure and do something else.

If there is no progress, don’t push.  Move the blocking agent out of the way.

If you don’t know where the cost is, you can’t design it out.

If the timing isn’t right, why didn’t you do it sooner?

If the project went flawlessly, you didn’t try to do anything meaningful.

If you know some people won’t like it, isn’t that reason enough to do it?

If it’s almost impossible, give it a go.

If it’s easy, teach someone else to do it.

If you don’t know where the waste is, you can’t get rid of it.

If you don’t need trust, it’s the perfect time to build it.

If you try the hardest thing first and it doesn’t work, at least you avoid wasting time on the easy stuff.

If you don’t know the number of parts in your product, you have too many.

If the product came out perfectly, you took too long.

If you don’t give it a go, how can you know it’s impossible?

If trust is in short supply, supply it.

If it’s easy, do something else.

If forgiveness is so much better than permission, why do we like to do things under the radar?

If bad things didn’t happen, try harder next time.

Image credit — Gabriel Caparó

Mike Shipulski Mike Shipulski
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