Posts Tagged ‘Lessons Learned’

Your core business is your greatest strength and your greatest weakness.

Your core business, the long-standing business that has made you what you are, is both your greatest strength and your greatest weakness.

The Core generates the revenue, but it also starves fledgling businesses so they never make it off the ground.

There’s a certainty with the Core because it builds on success, but its success sets the certainty threshold too high for new businesses.  And due to the relatively high level of uncertainty of the new business (as compared to the Core) the company can’t find the gumption to make the critical investments needed to reach orbit.

The Core has generated profits over the decades and those profits have been used to create the critical infrastructure that makes its success easier to achieve.  The internal startup can’t use the Core’s infrastructure because the Core doesn’t share.  And the Core has the power to block all others from taking advantage of the infrastructure it created.

The Core has grown revenue year-on-year and has used that revenue to build out specialized support teams that keep the flywheel moving.  And because the Core paid for and shaped the teams, their support fits the Core like a glove.  A new offering with a new value proposition and new business model cannot use the specialized support teams effectively because the new offering needs otherly-specialized support and because the Core doesn’t share.

The Core pays the bills, and new ventures create bills that the Core doesn’t like to pay.

If the internal startup has to compete with the Core for funding, the internal startup will fail.

If the new venture has to generate profits similar to the Core, the venture will be a misadventure.

If the new offering has to compete with the Core for sales and marketing support, don’t bother.

If the fledgling business’s metrics are assessed like the Core’s metrics, it won’t fly, it will flounder.

If you try to run a new business from within the Core, the Core will eat it.

To work effectively with the Core, borrow its resources, forget how it does the work, and run away.

To protect your new ventures from the Core, physically separate them from the Core.

To protect your new businesses from the Core, create a separate budget that the Core cannot reach.

To protect your internal startup from the Core, make sure it needs nothing from the Core.

To accelerate the growth of the fledgling business, make it safe to violate the Core’s first principles.

To bolster the capability of your new business, move resources from the Core to the new business.

To de-risk the internal startup, move functional support resources from the Core to the startup.

To fund your new ventures, tax the Core.  It’s the only way.

“Core Memory” by JD Hancock is licensed under CC BY 2.0

If nine out of ten projects projects fail, you’re doing it wrong.

For work that has not been done before, there’s no right answer.  The only wrong answer is to say “no” to trying something new.  Sure, it might not work.  But, the only way to guarantee it won’t work is to say no to trying.

If innovation projects fail nine out of ten times, you can increase the number of projects you try or you can get better at choosing the projects to say no to.  I suggest you say learn to say yes to the one in ten projects that will be successful.

If you believe that nine out of ten innovation projects will fail, you shouldn’t do innovation for a living.  Even if true, you can’t have a happy life going to work every day with a ninety percent chance of failure.  That failure rate is simply not sustainable.  In baseball, the very best hitters of all time were unsuccessful sixty percent of the time, yet, even they focused on the forty percent of the time they got it right.  Innovation should be like that.

If you’ve failed on ninety percent of the projects you’ve worked on, you’ve probably been run out of town at least several times.  No one can fail ninety percent of the time and hold onto their job.

If you’ve failed ninety percent of the time, you’re doing it wrong.

If you’ve failed ninety percent of the time, you’ve likely tried to solve the wrong problems.  If so, it’s time to learn how to solve the right problems.  The right problems have two important attributes: 1) People will pay you if they are solved. 2) They’re solvable.  I think we know a lot about the first attribute and far too little about the second. The problem with solvability is that there’s no partial credit, meaning, if a problem is almost solvable, it’s not solvable. And here’s the troubling part: if a problem is almost solved, you get none of the money.  I suggest you tattoo that one on your arm.

As a subject matter expert, you know what could work and what won’t.  And if you don’t think you can tell the difference, you’re not a subject matter expert.

Here’s a rule to live by: Don’t work on projects that you know won’t work.

Here’s a corollary: If your boss asks you to work on something that won’t work, run.

If you don’t think it will work, you’re right, even if you’re not.

If it might work, that’s about right. If it will work, let someone else do it. If it won’t work, run.

If you’ve got no reason to believe it will work, it won’t.

If you can’t imagine it will work, it won’t.

If someone else says it won’t work, it might.

If someone else tries to convince you it won’t work, they may have selfish reasons to think that way.

It doesn’t matter if others think it won’t work. It matters what you think.

So, what do you think?

If you someone asks you to believe something you don’t, what will you do?

If you try to fake it until you make it, the Universe will make you pay.

If you think you can outsmart or outlast the Universe, you can’t.

If you have a bad feeling about a project, it’s a bad project.

If others tell you that it’s a bad project, it may be a good one.

Only you can decide if a project is worth doing.

It’s time for you to decide.

“Good example of Crossfit Weight lifting – In Crossfit Always lift until you reach the point of Failure or you tear something” by CrossfitPaleoDietFitnessClasses is licensed under CC BY 2.0

What It Takes

Speak up.  Your ideas can’t see daylight unless others know about them.

Be wrong. When you’re wrong, you sharpen the rightness.

Be right. When you’re right in the face of wrongness, everyone wins, except for you.

Stand tall. Stand behind your decisions, but you can’t be responsible for their outcome.

Be truthful, but not hurtful.

Be overwhelmed.  This is difficult.

Give it away. When things go well, delegate credit to the up-and-coming.  They’ll remember.

Support others. When someone’s in the bucket, pull them out. They’ll remember.

Pay it forward. A kind soul gave it to you, and it’s time to give it to someone else. They’ll remember.

Say “thank you.” And mean it.

Be quiet. When things are on the right track, there’s no need to derail.

Take the heat. When there’s a mistake, own it so the young don’t have to. They’ll remember.

Make room for others. Nothing blocks their growth like your career aspirations.

Say nothing negative, unless you can’t. And if you must, say it in private.

Praise publicly, loudly, and often.

Set up others for success. And when accused of doing so, plead ignorance.

Share your frustrations, but sparingly. Done skillfully, it’s a compliment.

Be human.  People will notice.

“Uncomfortable Fisher” by DaveFayram is licensed under CC BY-SA 2.0

If you “don’t know,” you’re doing it right.

If you know how to do it, it’s because you’ve done it before. You may feel comfortable with your knowledge, but you shouldn’t.  You should feel deeply uncomfortable with your comfort. You’re not trying hard enough, and your learning rate is zero.

Seek out “don’t know.”

If you don’t know how to do it, acknowledge you don’t know, and then go figure it out.  Be afraid, but go figure it out.  You’ll make mistakes, but without mistakes, there can be no learning.

No mistakes, no learning.  That’s a rule.

If you’re getting pressure to do what you did last time because you’re good at it, well, you’re your own worst enemy.  There may be good profits from a repeat performance, but there is no personal growth.

Why not find someone with “don’t know” mind and teach them?

Find someone worthy of your time and attention and teach them how. The company gets the profits, an important person gets a new skill, and you get the satisfaction of helping someone grow.

No learning, no growth.  That’s a rule.

No teaching, no learning.  That’s a rule, too.

If you know what to do, it’s because you have a static mindset.  The world has changed, but you haven’t.  You’re walking an old cowpath.  It’s time to try something new.

Seek out “don’t know” mind.

If you don’t know what to do, it’s because you recognize that the old way won’t cut it.  You know have a forcing function to follow.  Follow your fear.

No fear, no growth. That’s a rule.

Embrace the “don’t know” mind. It will help you find and follow your fear.  And don’t shun your fear because it’s a leading indicator of novelty, learning, and growth.

“O OUTRO LADO DO MEDO É A LIBERDADE (The Other Side of the Fear is the Freedom)” by jonycunha is licensed under CC BY-SA 2.0

Work is 95% Noise

There’s a lot of noise at work.  I’m not talking about the audible noise you hear in your office or the chatter of your coworkers. I’m talking about the noise purposefully created to slather a layer of importance to things that aren’t all that important.

Corporate priorities are created at the company level to move the company in a new direction. There are regular presentations made by the leadership team to educate everyone on the new direction and help everyone think the initiative is important.  This takes a lot of time and energy.  Then, there are regular meetings held across the company to hear the sermon of the corporate priorities. How much does it cost for everyone in the company to sit through a one-hour sermon on corporate priorities? How much does it cost to do this quarterly or monthly? Because the cost is high and the value is low, corporate priorities have a high noise content.

Monthly reports on the status of the corporate priorities take a lot of work to pull together. These reports tell us how things are going at a high level but are not actionable.  Some initiatives are green, some are yellow, and some are red.  So what? After reading a monthly report of a corporate initiative, have you ever changed your work in any way? I didn’t think so, because the report is noise.

If your work brings about no changes, the work is noise.

If you complete a talent assessment for your team and no one’s work changes or no one changes teams, the talent assessment is noise. If you are asked to create a summary of your work experience to support a talent assessment and nothing changes after the assessment, the talent assessment program is noise. If you are asked to put together a succession plan and nothing changes, the succession planning process is noise. If you are asked to put together an improvement plan for your team’s culture and no one reads the plan or holds you accountable, the culture improvement program is noise.

If you write a monthly report and no asks questions about it, the monthly reporting process is noise. If you write a charter for a project and no one asks questions about it, the project definition process is noise. If someone sets up a meeting without a defined agenda, that meeting is noise. If no one writes meeting minutes, the meeting is noise. If there will be no decision made at the meeting, don’t go because that meeting is noise.

Work is 95% noise.

If someone asks for help, help them because that is not noise. When you see a problem, do something about it because that’s not noise.  When you see something that’s missing, fill the hole because that’s not noise.  When something interests you, investigate it because that’s not noise.  When your curiosity gets the best of you, that’s not noise.  When something is important to you, that’s not noise.  When something should be important to someone else, tell them because that’s not noise.

When the work is noise, don’t do it. But if you must do it, do it with minimal effort and do it poorly. Don’t start the work until two weeks after the deadline. With luck, next time they’ll ask someone else to do it. If you think the work is noise, it probably is. Don’t do the work until you’re asked three times. Then, do it poorly.

If the customer won’t benefit, the work is noise. If the work is new and the customer might benefit, the work is not noise. If you are unsure if the work is noise, ask how might customer benefit.  If you are pursuing something that will grow the top line, it’s not noise. If you’re unsure if the work is noise, ask how the work might grow the top line.

If it’s noise, say no.  That will free up your time to say yes to things that are real.

“Olive with her NYE hearing protection… Muffs on upside down work great!” by Bekathwia is licensed under CC BY-SA 2.0

How do you measure your people?

We get what we measure and, generally, we measure what’s easy to measure and not what will build a bridge to the right behavior.

Timeframe. If we measure people on a daily pitch, we get behavior that is maximized over eight hours.  If a job will take nine hours, it won’t get done because the output metrics would suffer.  It’s like a hundred-meter sprint race where the stopwatch measures output at one hundred meters.  The sprinter spends all her energy sprinting one hundred meters and then collapses.  There’s no credit for running further than one hundred meters, so they don’t.  Have you ever seen a hundred-meter race where someone ran two hundred meters?

Do you want to sprint one hundred meters five days a week?  If so, I hope you only need to run five hundred meters.  Do you want to run twenty-five miles per week?  If so, you should slow down and run five miles per day for five days.  You can check in every day to see if the team needs help and measure their miles on Friday afternoon. And if you want the team to run six miles a day, well, you probably have to allocate some time during the week so they can get stronger, improve their running stride, and do preventative maintenance on their sneakers. For several weeks prior to running six miles a day, you’ve got to restrict their running to four miles a day so they have time to train.  In that way, your measurement timeframe is months, not days.

Over what timeframe do you measure your people? And, how do you feel about that?

Control Volume. If you have a fish tank, that’s the control volume (CV) for the fish.  If you have two fish tanks, you two control volumes – control volume 1 (CV1) and control volume 2 (CV2).  With two control volumes, you can optimize each control volume independently. If tank 1 holds red fish and tank 2 holds blue fish, based on the number of fish in the tanks, you put the right amount of fish food in tank 1 for the red fish and the right amount in tank 2 for the blue fish.  The red fish of CV1 live their lives and make baby fish using the food you put in CV1.  And to measure their progress, you count the number of red fish in CV1 (tank 1). And it’s the same for the blue fish in CV2.

With the two CVs, you can dial in the recipe to grow the most red fish and dial in a different recipe to grow blue fish. But what if you don’t have enough food for both tanks? If you give more food to the blue fish and starve the red fish, the red fish will get angry and make fewer baby fish.  And they will be envious of the blue fish.  And, likely, the blue fish will gloat. When CV1 gets fewer resources than CV2, the fish notice.

But what if you want to make purple fish?  That would require red fish to jump into the blue tank and even more food to shift from CV1 to CV2. Now the red fish in CV1 are really pissed.  And though the red fish moved to tank 2 do their best to make purple guppies with the blue fish, neither color know how to make purple fish.  They were never given the tools, time, and training to do this new work. And instead of making purple guppies, usually, they eat each other.

We measure our teams over short timeframes and then we’re dissatisfied when they can’t run marathons.  It’s time to look inside and decide what you want.  Do you want short-term performance or long-term performance?  And, no, you can’t have both from the same team.

And we measure our teams on the output of their control volumes and yet ask them to cooperate and coordinate across teams.  That doesn’t work because any effort spent to help another control volume comes at the expense of your own.  And the fish know this. And we don’t give them the tools, time, and training to work across control volumes.  And the fish know this, too.

“Purple fish” by The Dress Up Place is licensed under CC BY-SA 2.0

The Discomfort Around Diversity of Perspective

When your organization doesn’t want to hear your truth because it contradicts a decision they’ve already made, that’s a sign of trouble.  It’s a sign they’re going to do what they’re going to and they don’t care all that much about you. But, what if they’re wrong?  And what if your perspective could snatch victory from the flames of an impending train wreck?  As someone who cares about the company and thinks it would benefit from hearing what you have to say, what do you do?

When you have a culture that makes it clear it’s not okay to share divergent perspectives, you have a big problem.

In domains of high uncertainty, increasing the diversity of perspective is the single most important thing we can do to see things more clearly.  In these situations, what matters is the diversity of culture, of heritage, of education, of upbringing, and of experiences. What matters is the diversity of perspective; what matters is the level of divergence among the collective opinions, and what matters most is listening and validating all that diversity.

If you have the diversity of culture, heritage, education, and experience, congratulations. But, if you’re not willing to listen to what that diversity has to say, you’re better off not having it.  It’s far less expensive if you don’t have it and far fewer people will be angry when you don’t listen to them. But, there’s a downside – you’ll go out of business sooner.

When you have a perspective that’s different than the Collective’s, share it. And when there are negative consequences for sharing it, accept them.  And, rinse and repeat until you get promoted or fired.

“A Sense of Perspective” by dolbinator1000 is licensed under CC BY 2.0

How To Grow Leaders

If you want to grow leaders, meet with them daily.

If you want to grow leaders, demand that they disagree with you.

If you want to grow leaders, help them with all facets of their lives.

If you want to grow leaders, there is no failure, there is only learning.

If you want to grow leaders, give them the best work.

If you want to grow leaders, protect them.

If you want to grow leaders, spend at least two years with them.

If you want to grow leaders, push them.

If you want to grow leaders, praise them.

If you want to grow leaders, get them comfortable with discomfort.

If you want to grow leaders, show them who you are.

If you want to grow leaders, demand that they use their judgment.

If you want to grow leaders, give them just a bit more than they can handle and help them handle it.

If you want to grow leaders, show emotion.

If you want to grow leaders, tell them the truth, even when it creates anxiety.

If you want to grow leaders, always be there for them.

If you want to grow leaders, pull a hamstring and make them present in your place.

If you want to grow leaders, be willing to compromise your career so their careers can blossom.

If you want to grow leaders, when you are on vacation tell everyone they are in charge.

If you want to grow leaders, let them chose between to two good options.

If you want to grow leaders, pay attention to them.

If you want to grow leaders, be consistent.

If you want to grow leaders, help them with their anxiety.

If you want to grow leaders, trust them.

If you want to grow leaders, demonstrate leadership.

“Mother duck and ducklings” by Tambako the Jaguar is licensed under CC BY-ND 2.0

The Illusion of Control

Unhappy: When you want things to be different than they are.

Happy: When you accept things as they are.

 

Sad: When you fixate on times when things turned out differently than you wanted.

Neutral: When you know you have little control over how things will turn out.

Anxious: When you fixate on times when things might turn out differently than you want.

 

Stressed: When you think you have control over how things will turn out.

Relaxed: When you know you don’t have control over how things will turn out.

 

Agitated: When you live in the future.

Calm: When you live in the present.

Sad: When you live in the past.

 

Angry: When you expect a just world, but it isn’t.

Neutral: When you expect that it could be a just world, but likely isn’t.

Happy: When you know it doesn’t matter if the world is just.

 

Angry: When others don’t meet your expectations.

Neutral: When you know your expectations are about you.

Happy: When you have no expectations.

 

Timid: When you think people will judge you negatively.

Neutral: When you think people may judge you negatively or positively.

Happy: When you know what people think about you is none of your business.

 

Distracted: When you live in the past or future.

Focused: When you live in the now.

 

Afraid of change: When you think all things are static.

Accepting change: When you know all things are dynamic.

 

Intimidated: When you think you don’t meet someone’s expectations.

Confident: When you know you did your best.

 

Uncomfortable: When you want things to be different than they are.

Comfortable: When you know the Universe doesn’t care what you think.

 

“Space – Antennae Galaxies” by Trodel is licensed under CC BY-SA 2.0

When You Have Disagreement

When you have nothing to say, don’t say it.

But, when you have something to say, you must say it.

When you think your response might be taken the wrong way, it will.

When you take care to respond effectively, your response might be taken the wrong way.

When you have disagreement, there’s objective evidence that at least two people are thinking for themselves.

When you have disagreement, confrontation is optional.

When you have disagreement, everyone can be right, even if just a little.

When you have disagreement, that says nothing about the people doing the disagreeing.

When you have disagreement at high decibels, that’s an argument.

When you have disagreement, disagreeing on all points is a choice.

When you have disagreement, if you listen to sharpen your response, it’s a death spiral.

When you have disagreement, it’s best to disagree wholeheartedly and respectfully.

When you have disagreement, if you listen to understand, there’s hope.

When you have disagreement, it’s a disagreement about ideas and not moral character.

When you have disagreement, intentions matter.

When you have disagreement, decision quality skyrockets.

When you have disagreement, thank your partner in crime for sharing their truth.

When you have disagreement, there is sufficient trust to support the disagreement.

When you have disagreement, sometimes you don’t, but you don’t know it.

When you have disagreement, converging on a single point of view is not the objective.

When you have disagreement about ethics, you may be working at the wrong company.

When you have disagreement, there are no sides, only people doing their best.

When you have disagreement, the objective is understanding.

When you have disagreement, it’s the right thing to have.

When you have disagreement, there may be disagreement on the topic of the disagreement.

When you have disagreement, you are a contributing member, even if you stay quiet.

When you have disagreement, why not be agreeable?

When you have disagreement, it’s okay to change your mind.

When you have disagreement, you may learn something about yourself.

“Day 7: I disagree” by Stupid Dingo is licensed under CC BY 2.0

What do you want?

If you want a promotion, do the right thing.

If you do the right thing, be prepared to be misunderstood.

If you want the credit, you don’t want the best outcome for all.

If you want to have focus, spend time outside.

If you want to have more control, give it away.

If you want to be happy, want what you have.

If you want to be praised, ask yourself why.

If you want to have focus, get your sleep.

If you want fame, once you get it you probably won’t.

If you want more influence, spend the next decade helping others.

If you want to make progress, demonstrate a healthy disrespect for the Status Quo.

If you want to make a difference, say thank you.

If you want to do what you love, maybe you should consider loving what you do.

If you want to have focus, get your exercise.

If you want to feel better about yourself, help someone who has a problem.

If you want to be more productive, it’s better to be more effective.

If you want to make change, point to the biggest problems and solve them.

If you want to be right, don’t.

If you want loyalty, take responsibility for the bad stuff.

If you want to be successful, same some of your energy for your family.

If you want to make progress, start where you are.

If you want to be happy, you have to decide that what you have is enough.

If you want to preserve your legacy, develop young talent.

If you want respect, be kind.

If you want to be understood, you may not do what’s right.

If you want to do better work, work fewer hours.

If you want to work on great projects, say no to good ones.

“That is the Question” by cogdogblog is licensed under CC BY 2.0

Mike Shipulski Mike Shipulski
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