Sunday, September 25, 2011

Good Boss, Bad Boss – Chapter 1

Good Boss, Bad Boss by Robert Sutton – Chapter 1

Right Mindset

(1) Don’t Crush the Bird

Best Bosses are rated average on terms like competitive, aggressive, passive and submissive by followers.

Are you constantly thinking about and trying to walk the most constructive line between being too assertive and not assertive enough?

Or are you neglecting to give people the guidance, wisdom, and feedback they need to succeed? Worst yet, are you obsessively monitoring and micromanaging every move they make?

(2) Grit Gets You There

Great bosses instil grit in followers. They are dogged and patient, pressing themselves and others to move ever forward. Gritty bosses create urgency without treating life as one long emergency.

Gritty bosses are driven by the nagging conviction that everything they and their people do could be better if they tried just a little harder or were just a bit more creative. This nagging conviction that nothing is ever quite good enough, that you can never stop learning and never ever rest on your laurels.

Do you treat the work you lead as a marathon or a sprint – are you dogged and patient, pressing yourself and your people ever forward? Or do you look for instant cures, treat life as one emergency after another, and give (or disappear) when the going gets tough?

(3) Small Wins are the Path

Best bosses break down problems into bite-sized pieces and talk and act like each little task is something that people can complete without great difficulty. Doing so instils calmness and confidence, and spurs constructive action.

Do you frame what your people need to accomplish as a series of small, realistic and not overly difficult steps? Or do you usually propose grand goals and strategies without helping people to break them into bite-sized pieces?

(4) Beware the Toxic Tandem

Good bosses never forget how closely their followers watch them, and they resist the urge to grab all the goodies for themselves and ignore their followers’ feelings and needs.

Do you remind yourself that your people are watching you very closely – and do you act accordingly to avoid doing little things that undermine their performance and dignity? Or are you oblivious to this intense scrutiny and rarely (if ever) think about how the little things you do and say will be magnified in your followers’ minds?

(5) Got Their Backs

Effective bosses protect their people.

Do you see your job as caring for and protecting your people, and fighting for them when necessary? Or do you consider it too much trouble to advocate for resources they need or too personally risky to battle idiocy from on high? When your people screw up, do you take the heat or hang them to dry? When you screw up, do you admit it or point the finger of blame at your innocent underlings?


Performance and Humanity

Great bosses work relentlessly toward two general kinds of goals – performance and humanity.

Performance Does the boss do everything possible to help people do great work? The ultimate judgement about the quality and quantity of the work is best made by outsiders rather than insiders. Great bosses and their followers produce work that consistently meets or exceeds the expectations of those who use and evaluate it. Regardless of local jargon and metrics, a boss’s job is “to eliminate people’s excuses for failure.”

Humanity Does the boss do everything possible to help people experience dignity and pride? A boss’s humanity is usually best judged by insiders, especially followers. Working with dignity means “taking actions that are worthy of respect by oneself and others”. Dignity enables people to travel through their days feeling upbeat and respected.

Monday, September 19, 2011

Short Points from The House Advantage

The House Advantage by Jeffrey Ma

Prefer optimal decision making (disruptive opinion) over cohesiveness (groupthink).

Ensure that incentives are aligned with performance

Smart people show enough to impress -- but not intimidate -- the potential boss

Essence of maths is to make things simpler.

Present analysis in simple terms, with humility and a sense of collaboration.

The Effective Executive Part 2

The Effective Executive (Part 2) by P F Drucker

First Things First

(i) Pick the future as against the past

(ii) Focus on opportunity rather than on problem

(iii) Choose your own direction – rather than climb on the bandwagon

(iv) Aim high, aim for something that will make a difference, rather than for something that is “safe” and easy to do.

Elements of Decision Making

(1) Realise that the problem was generic and could only be solved through a decision which establish a principle or rule;

(2) Define the speciation or the “boundary conditions” that the answer to the problem must satisfy

(3) Think through what is “right”. That is, the solution which will fully satisfy the specification before attention is given to the compromises, adaptations and concessions needed to make the decision acceptable

(4) The building into the decision of the action to carry it out

a. Who has to know this decision?

b. What action has to be taken? Who is going to take it?

c. What the action has to be so that the person who has to do it can do it?

d. Change the measurements, standards for accomplishments and incentives simultaneously, so that the people are incentivised to carry out the decision.

(5) The “feedback” which tests the validity and effectiveness of the decision against the actual course of events.

a. The decision maker has to go out and look at the results himself. If not, he has to send one of his aides to observe the results.

Effective Decision

The effective executive encourages opinions. But he also insists that the people who voice them also think through what it is that the “experiment”. That is, the testing of the opinion against reality – would have to show. The executive therefore ask: “What do we have to know to test the validity of this hypothesis? What would the facts have to be to make this opinion tenable?” And he makes it a habit -- in himself and the people with whom he works – to think through and spell out what needs to be looked at, studied and tested. He insists that people who voice an opinion also take responsibility for defining what factual findings can be expected and should be looked out for.

Whenever one analyzes the way a truly effective decision has been reached, one finds that a great deal of work and though went into finding the appropriate measurement. The traditional measurement reflects yesterday’s decision. That there is need for a new one normally indicates that the measurement is no longer relevant.

Effective decision makers create dissension and disagreement, rather than consensus. There are three reasons:

a) It is the only safeguard against the decision maker’s becoming the prisoner of the organization. Everyone is a special pleader, trying to obtain the decision he favors.

b) Second, disagreements can provide alternatives to a decision. Decision without alternatives is a desperate gambler’s throw. If one has thought through alternatives during the decision making process, one has something to fall back on, something that has been thought through, studied and understood. Without such an alternative, one is likely to flounder dismally when reality proves a decision to be inoperative.

c) Last, disagreement is needed to stimulate the imagination.

The effective executive is concern first with understanding. Only then does he even think about who is right and who is wrong.

There is one final question the effective executive asks: “Is a decision really necessary?” One alternative is always the option of doing nothing. The effective decision maker compares the effort and risk of action to risk of inaction. The guidelines are:

a) Act if on balance the benefits greatly outweigh cost and risk; and

b) Act or do not act; but do not “hedge” or compromise.

Sunday, September 11, 2011

The Effective Executive Part 1

The Effective Executive (Pt 1) by P F Drucker

Effective Executive followed the eight practices:

(1) They asked “What needs to be done?”

(2) They asked “What is right for the enterprise?”

(3) They developed action plans

(4) They took responsibility for decisions

(5) They took responsibility for communicating

(6) They were focused on opportunities, not problems

(7) They ran productive meetings

(8) They thought and said “we” rather than “I”.

The first two questions provide the knowledge. The next four helped them to convert knowledge into action. The last two ensured that organization felt responsible and accountable.

Take responsibility for decisions

a) A decision has not been made until people know:

b) The name of the person accountable for carrying it out

c) The deadline

d) The names of the people who will be affected by the decision and therefore have to know about, understand and approve it, or at least not strongly opposed to it

e) The names of the people who have to be informed of the decision, even if they are not directly affected by it.

Five habits of Effective Executive

i) Effective Executives know where their time goes. (Suggest using a time diary to keep track of one’s time for a month per year.) They work systematically to manage their time.

ii) Effective Executives focus on outward contribution. They gear their efforts to results rather to work. They start with the question “What results are expected of me?”, rather than with the work to be done, let alone with its techniques and tools.

iii) Effective executives build on strengths – their own strengths, the strengths of their superiors, colleagues, and subordinates; and on the strengths in the situation. That is on what they can do. They do not build on weakness. They do not start out with the things they cannot do.

iv) Effective executives concentrate on the few major areas where superior performance will produce outstanding results. They force themselves to set priorities and stay with their priority decisions. They know that they have no choice but to do first things first – and second things not at all. The alternative is to get nothing done.

v) Effective executives finally make effective decisions. They know that this is a matter of system – of the right steps in the right sequence. They know that an effective decision is always a judgement based on “dissenting opinions” rather than on “consensus on the facts”. They know that that to make many decisions fast means to make the wrong decisions. What is needed are few, but fundamental, decisions. What is needed is the right strategy rather than razzle-dazzle tactics.

Effective Specialist

Effective Executives find out what other fellow needs, what other fellow sees, and what the other fellow understands. Effective executives find themselves asking other people in the organisation, but above all, their colleagues in other areas: “What contribution from me do you require to make your contribution to the organization? When do you need this, how do you need it, and in what form?”

A man who takes responsibility for his contribution will relate his narrow area to a genuine whole. He may never himself be able to integrate a number of knowledge areas into one. But he soon realizes that he has to learn enough of the needs, the directions, the limitations, and the perceptions of others to enable them to use his own work. This will give him immunity against the arrogance of the learned – that degenerative disease which destroys knowledge and deprives it of beauty and effectiveness.

Focus on Contribution

(i) Communication: The executive takes responsibility for contribution. He also demands responsibility from his subordinates. He tend to ask his men: “What are the contributions for which this organization should hold you accountable? What should we expect from you? What is the best utilization of your knowledge and your ability?” And then your communication becomes possible, and easy.

(ii) Teamwork: “Who has to use your output for it to become effective?”

(iii) Individual Self-development: “What is the most important contribution I can make to the performance of this organization? What self-development do I need? What knowledge and skill do I have to acquire to make the contribution I should be making? What strengths do I have to put to work? What standards do I have to set myself?”

(iv) The executive who focus on contribution also stimulates others to develop themselves, whether they are subordinates, colleagues or superiors. He set standards grounded in the requirements of the task. People in general grow according to the demands they make on themselves.

How to staff for strength

(1) Be on guard for the “impossible” job. Ensure that the job is well-designed. Any job that defeated two or three men in succession, even though each had performed well in his previous assignments, must be assumed unfit for human beings.

(2) Make each job demanding and big. The job should have challenge to bring out whatever strength a man may have. It should have scope so that any strength that is relevant to the task can produce significant results.

(3) Effective executive know that they have to start with what a man can do rather than what a job requires. This, however, means that they do their thinking about people long before the decision on filling a job has to be made, and independently of it. The purpose of annual appraisal is to arrive at an appraisal of a man before one has to decide whether he is the right person to fill a bigger position. Also, use appraisal to look for strengths. Four questions:

a. “What has he done well?”

b. “What, therefore, is he likely to be able to do well?”

c. “What does he have to learn or to acquire to be able to get the full benefit from his strength?”

d. “If I had a son or daughter, would I be willing to have him or her work under this person?”

i. “If yes, why?”

ii. “If no, why?”

(4) The effective executive knows that to get strength, one has to put up with weakness. The effective executive will therefore ask: “Does this man have strength in one major area? And is this strength relevant to the task? If he achieves excellence in this one area, will it make a significant difference?” If the answer is “yes”, he will go ahead and appoint the man.

(5) The effective executive must remove ruthlessly anyone – and especially any manager – who consistently fails to perform with high distinction.

Intolerant of Indispensable Man

The effective executives are intolerant of the argument: “I can’t spare this man; I will be in trouble without him.” They have learned that there are only three explanations for an “indispensable man”: He is actually incompetent and can only survive if carefully shielded from demands; his strength is misused to bolster a weak superior who cannot stand on his own two feet; or his strength is misused to delay tackling a serious problem if not to conceal its existence.

In every one of these situations, the “indispensable man” should be moved anyhow – and soon. Otherwise one only destroys whatever strengths he may have.

How do I manage my Boss?

Effective executives make the strengths of the boss productive. Making the strength of the boss productive is a key to the subordinate’s own effectiveness. It enables him to focus his own contribution that it finds receptivity upstairs and will be put to use. It enables him to achieve and accomplish the things he himself believes in.

The effective executive asks: “What can my boss do really well? What has he done really well? What does he need to know to use his strength? What does he need to get from me to perform?” He does not worry too much over what his boss cannot do.

The effective executive also knows that his boss, being human, has his own ways of being effective. He looks for these ways. For example, is my boss a “reader” or “listener”?

Hit the Ground Running

Hit the Ground Running by Jason Jennings

No secret strategies – make sure everyone knows the strategy and knows their role

(Know what is expected of them.)

Gain people’s belief. Surround yourselves with others who can also be trusted.

Ask for help.

- Ask bosses for help (learn from their experiences).

- Ask Co-workers for help.

- Retain staff; they have tribal knowledge, and they have expertise.

Have a list on what you will do, if you are the boss.

HR practices

- Get the right people; promote from within.

- Give people challenges and move them around.

- Have program to identify rising stars.

- Communicate with people. Let them know what is going on.

Strategic thinking

- What is happing in your markets? What trends are becoming obvious and are likely to be long rather than short term?

- What are the capabilities of the company that will allow you to service these developing trends/needs?

- Do you have the team and knowledge to service these developing trends or needs?

- [Elsewhere] Place the best people in the opportunities area and not the problem areas.

- Do you have the financial resources to service these developing trends or needs?

- Figure out who controls your customers; stay close to them.

- Figure out what you can do to make customers’ lives easier

- Ask dumb questions

EQ

- Do not be a jerk. Sty humble.

- Just do what needs to be done.

- Be honest.

- Verify that people know what they are talking about

- Resolve issues in the open and quickly

- Own the decisions that you make. No waffle.

- Figure out the right details and pay attention to them.

- Let people know something positive is happening.

- Make people proud and let them take ownership.

Operations

- Incremental approach to change.

- Figure out what you can do to make customers’ lives easier

- Ruthlessly wring out waste, complexity and inefficiencies.

- Figure out where you want to go, but take the journey in small steps, pausing frequently to reassess.

- Speed up trends

-Let best ideas win

- Make everything as simple as possible.

- Leverage assets to cover cost and expand what you sell.

- Set the overall direction and let people tell you how to get there.