Posts Tagged ‘leaders’

4 steps to effective Disaster Recovery planning

by Marc Watley, Aug 23, 2010

IT executives today are, in fact, increasingly faced with the threat of disasters – whether natural or man-made. As organizations – and their customers – increasingly rely on database, server, and IP-connected applications and data sources, the importance and responsibility of maintaining continuity of the business infrastructure and limiting costly downtime in the event of a disaster, is paramount. Read this article to get a high-level, best-practices overview of the DR planning process. more…

Character and Personality #8: Competency

by Gary Monti, Aug 24, 2010

A good leader is also a good politician, one who finds a way to thread through a situation to reveal a path that, when followed, benefits the common good. Competence pulls technology and sophistication together so that one person can meet another person’s needs, i.e., a connection comprising the humanity of the stakeholders who need and commit to finding a solution that works. more…

Social Media and Tribes #9: The fear factor

by Deepika Bajaj, Aug 25, 2010

Even professionals who have gone through many technological innovations in the past don’t find the idea of being transparent and authentic over social media too appealing. They were worried about identity theft, making a wrong impression on a potential employer and above all were overwhelmed by the friend requests on Facebook. These are valid concerns, but not an excuse to avoid social media.  more…

Flexible Focus #16: The decision trap

by William Reed, Aug 26, 2010

Ambiguity causes anxiety in those who are inflexible, and creates possibilities in the minds of the people who have flexible focus. Tolerance for ambiguity drops when you have to make a decision. Urgency adds pressure, and when the decision affects the core areas of your life, you can feel as if you are lost in a labyrinth of choices. Your decision sets the wheels in motion, whereas with indecision the wheel turns without you. Read about the Six Criteria for Decision Making to stay in motion and steer the wheel. more…

Investment Value

by Steve Popell, Aug 27, 2010

In a previous post, Business Valuation in Divorce is Different, Steve discussed why Investment Value is more appropriate in the context of family law.  But, this method is not just for divorcing couples.  In any situation in which the party acquiring an interest (or a greater interest) in a company will become (or continue to be) part of the management team, Investment Value is often the most appropriate method.  Read this article to find out why. more…

Magesh is an accomplished software professional focused on building enterprise value through creative use of technology. Magesh enjoys working with people and is passionate about bringing out the best in everybody to achieve results that are larger than the sum of individual accomplishments.

Tagged as: active garage, Business Management, business planning, Business Strategy, Business Valuation, deepika bajaj, execution, Flexible Focus, gary monti, http://activegarage.com, leaders, Leadership, management, marc watley, Social Media, steve popell, Strategy, technology, william reed, www.activegarage.com, www.datacentertrust.com, www.deepikabajaj.com

In my last post, I talked about the pillars of success to help start your venture.  In order to make sure that the pillars stay up, you have to have a solid foundation, which are the principles of the leader.  These principles are: integrity, credibility, attitude, teamwork, excellence and vision.

In order to become a leader, you must have integrity.  Without integrity, you won’t have any followers.  Your integrity is your brand not only within your company, but in the marketplace with your customers as well.  As a leader, you are constantly building it and making it better.  You create, maintain and build your integrity throughout your career, but it only takes one unethical act to destroy it.

As you build and improve your integrity, you start gaining credibility not only within your organization, but with your customers as well, as you keep and fulfill on your promises.  You can’t have integrity and build your credibility without the right attitude.  You need to know how to build people up and help them overcome challenges and go above and beyond to not only create opportunities but create success as well.  An organization with smart people with the right attitude in an organization will go much farther than an organization without.  Sounds simple, but great people with the right attitude are the hardest, and most important, assets to find in a business.

A leader with integrity, credibility and the right attitude with a group of people following them who also have the right attitude must be able to create a teamwork environment.  Employees who are able to effectively work together allow a company to accomplish tasks and meet goals that would be very different, if not impossible to do, as individuals.

Being the leader of a company, you must strive for excellence.  You should constantly push to improve your product and services in the marketplace.  Not only listen to your employees recommendations, but more importantly, your customers as well.  Use these recommendations to continually improve your products or services.

In doing all of this, don’t forget about your company’s vision. Always remember it and ensure that your colleagues and employees practice it, believe in it and share it with your customers.  As a leader, you must be able to not only share the vision with others but also make sure it its being followed and practiced.

We all have skills and capabilities that help our organizations, but none of us are perfect.  If you can master most of these, along with the pillars of success, you will not only be an effective leader, but will create a company with effective employees helping you build a successful business.

This article was contributed by Robert Driscoll, co-founder of Active Garage. You can follow Robert on Twitter at rsdriscoll.

Tagged as: active garage, business, Business Management, Business Strategy, Communication, execution, http://activegarage.com, leaders, Leadership, management, Robert Driscoll, Strategy, www.activegarage.com

Can we avert failures in our life?

by Vijay Peduru, May 3, 2010

This article reminds me of one of my high school teachers. This was his famous refrain: if a rocket destined to the moon is off by a fraction of a degree, it will not reach its destination. You can change your destination only if you change your direction. Nothing happens all of a sudden. There is no overnight success. Take small steps in the right direction every day. more…

Leadership Cancers #8: Anticipation

by Gary Monti, May 4, 2010

Wow, Gary… or should I say “The sage of Active Garage”? Performing action without becoming a servant of the desired consequences has been a subject of discussion for the longest time. This is a very nuanced concept and can be easily misinterpreted out of context. But understanding and putting this single principle to practice can bring you peace of mind and take your performance to new heights you have not experienced before. more…

Are You Preventing Your House Sale?

by Guy Ralfe, May 5, 2010

One of my teachers insists on learning the art of quitting. You got to listen to this Kenny Rogers song on this topic. While quitting is an essential art, it is equally important to not shut the doors of opportunity. When you don’t give into emotions and think strategically, you can leverage every thing that comes across your way for your ultimate benefit. more…

Pillars of Success

by Robert Driscoll, May 6, 2010

Based on movies, TV and what we read in the media, we have a pre conceived notion of what a hugely successful CEO is. You cannot be more wrong. Robert has captured the essence of one CEO’s practices for success in this article. more…

Author’s Journey #20: Choosing the right incentive to build your List

by Roger Parker, May 7, 2010

One of your most important marketing and promoting decisions is choosing the right incentive to offer as a bonus to visitors who sign up for your e-mail newsletter or weekly tips. It’s not enough to offer great information delivered at consistent intervals via e-mail. In this article, Roger has listed a great array of incentives you can provide your readers. more…

Magesh is an accomplished software professional focused on building enterprise value through creative use of technology. Magesh enjoys working with people and is passionate about bringing out the best in everybody to achieve results that are larger than the sum of individual accomplishments.

Tagged as: Action, active garage, author's journey, business, Business Management, business planning, Business Strategy, Communication, entrepreneur, Entrepreneurship, execution, gary monti, Guy Ralfe, http://activegarage.com, Innovation, leaders, Leadership, management, possibilities, Project Management, purpose, Robert Driscoll, roger parker, vijay peduru, Writing for Business, www.activegarage.com

In its simplest term, a leader is someone who people choose to follow.  They influence others to do things and there is a difference between managing people and leading people.  There are certain characteristics that make someone a model leader, which I will list below, but we don’t need to have all of them.  If you have a good understanding of most of these characteristics, you can become a model leader.

Operate with honesty and integrity.  This is the most important characteristic and the foundation for a model leader.  People who work for you need to trust you and should want to work with you.   Without this foundation, everything else is irrelevant.

Execute efficiently.  You need to know how to formulate a plan and put measures around your plan.  You have to be able to take data and measure your plan and understand why you accomplished it or know what went wrong.

Demonstrate financial savvy.  It is imperative as a business leader to understand profit and loss, balance sheet and cash flow statements.  In business, this is how we keep score.  More importantly, as a model leader, you need to know how to explain these statements to others.  If you don’t understand them, you can’t be effective in business.

Strive to optimize the end-to-end value chain.  A leader needs to develop and nurture not only the people in their organization, but partner organizations who can contribute to your organizations success.  While you need to have a team with your same values, inside and outside of your organization, you need to continually work to make them better.

Develop and nurture the organization.  As one moves up the corporate ladder, this area becomes more important.  It is important to not lose sight of what your front line employees do.  Spend time working directly with your teams and help them grow and prosper.  This in turn will help you grow and prosper.  As a leader, you need to be focused on making sure you have the right people in the right positions while helping them develop the right skill sets to help them prosper and grow.

Think independently and critically. Don’t just be a “yes” person, but don’t  always get in to fights with your colleagues.  Pick your battles and when your views differ, have data to back it up.

Practice situational leadership. Know and understand your dominant leadership style but also pay attention to the situation at hand and be able to effectively articulate what you need.  You might need to be able to act in a manner that is uncomfortable for you but is necessary to get the job done.

Communicate effectively.  Make sure that your message is clear so that it’s not misunderstood.  The last thing you want is to have the task not completely correctly.  Take your time.

Like what you do. If you don’t, then think about where you can be more effective.  Be up to the challenges that you are faced with in your job every day.  Be excited about it.  Negative energy spreads quickly.  Be positive and like what you do, otherwise move on.

The marketplace is always changing which requires you to constantly adapt.  As you work on improving these characteristics, before you know it, you will stop being a manager and will become a model leader.

This article was contributed by Robert Driscoll, co-founder of Active Garage. You can follow Robert on Twitter at rsdriscoll.

Tagged as: active garage, business, Business Management, business planning, Business Strategy, Communication, execution, http://activegarage.com, leaders, Leadership, management, Robert Driscoll, Strategy, www.activegarage.com

Whenever you try something new and share your idea with others, you get met with such diverse responses. How people respond affects how you see the world too.

Go through a day where you come across three people who spend all their time telling you why you will fail and you quickly start to question your judgment. On the other hand discuss the same idea with three optimists and you suddenly think you are setting your sights too low.

What we must always be aware of is that when you tell someone your idea or ambition their response is always from their point of view. Their point of view appears to be driven by two factors:

1. Knowledge of the topic or business area
2. Support – driven by the persons mood, personality, ambition combination

Having reflected on this over the last few weeks I have come up with Guy’s Magic People Quadrant.

Guy’s Magic People Quadrant

Neatly illustrated in the picture there are four quadrants; Partner, Decoy, Fairy, Onion determined by the intersection of the above two factors of Knowledge and Support.

Partner – These are the individuals you need to isolate and partner with for longer term success. These individuals have a keen understanding of the business or topic to be able to advise, mentor and facilitate your success not just provide you with support. These individuals are interested and inquiring into your plans and able to guide rather than just bestow good wishes. They care.
Decoy – These are the individuals you have to watch out for. While they share the same knowledge as the partner group, their moods, personality and ambitions prevent them for providing you support, unless it is for their gain. These individuals (or groups) appear as inquisitive as partners do but are extremely selfish and you are viewed as purely a pawn to achieve their ambitions. They can come across as supportive but will soon show up in conflict with their words through their actions. BEWARE!

Fairy – This group have little to no knowledge of the topic, however from what you tell them they formulate an image based on how they see what you are doing. Your ambition appears to them as grandiose and enviable. For them they cannot see themselves making a similar choice or action, for this they are in awe and wish you every success, and believe that you will have success. These people would help you if they could. In reality this is the fairy godmother talking to you – yes you do feel good but you are no better off when you wake up.

Onion – The next best way to describe this group is disinterested or self important. These people are so selfish that the notion of you having an ambition brings tears to their eyes. Having the conversation with these types is like talking to a black hole – it sucks the life out of you. Keep clear!

One thing to know is that there is a lot of gray between the obvious extremities that I describe above, but if you are going to discuss your ambitions with others be mindful of the individual behind the spoken words before you respond to them. Reputations are earned and past actions are a fairly good indication of future. There is no short cut to gaining Knowledge, but gaining it from people who care is about as good as it gets.

Seek out Partners in all that you strive for in your careers, and bump into the odd Fairy just to keep your spirits up. Good luck!

This article was contributed by Guy Ralfe, co-founder of Active Garage and co-author of the upcoming book ProjectManagementTweets. You can follow Guy on Twitter at gralfe.

Tagged as: active garage, business, care, growth, Guy Ralfe, help, knowledge, leaders, mentors, sharing, support

We’ve all heard this many times in our workplaces – “The customer is always right” and “All customers are equally important”. Well… I am going to challenge these in this post and will focus more on the latter one. This topic came up in one of my recent conversations with a publishing industry thought leader, Gordon Tibbitts, President, Atypon Systems where both of us were talking about the capacity of individuals and the choices we, as individuals, have to make in order to utilize our limited capacities effectively. At a point in the conversation Gordon said “You know what Himanshu, before you fight them… you have to choose your battles wisely”. One might ask how do you qualify what’s wise Vs. what’s not and the quick answer is – One that you think will produce the results you are after is the wise one to take.

Not all customers are made equal. Some customers are very rewarding, whereas some are pretty much a drain on your resources. For instance, I had a customer once who did not understand the value of Quality Assurance; as a result of that they did not have a clear QA management, a QA team or even any QA processes. The impact of that alone was that the project had many delays and not only impacted the customer in a negative way but even the vendors (us being one of them) felt the reverberations of the impact to a point where it affected (negatively) our bottom-line. If someone were to ask me about if the customer was a beneficial one for us as a vendor, the answer would, most unequivocally, be a resounding NO. These are the kind of customers that you don’t want!

Another very insightful point that Gordon made during our conversation was that it is a good thing not to ruffle any feathers if you see your competitor serving a high cost client. What made this insightful for me was the observation that Mr. competitor would face a lack of capacity if they are busy servicing high cost clients, and you don’t want to burn the midnight oil to get these clients from your competitors as this would almost be counter-intuitive to your productivity (and you’d be helping Mr. Competitor, too).

This also reminds me of a quote by Napolean Bonaparte:

“Never interrupt your enemy when he is making a mistake”

I’d like to acknowledge Mr. Tibbits for the pearls of wisdom he shared with me and I am more likely (than before) to think twice (or maybe even thrice) before I choose where I invest my resources… and I suggest you do, too!

This article was contributed by Himanshu Jhamb, co-founder of ActiveGarage (The company behind 99tribes) and co-author of #PROJECT MANAGEMENT tweet. You can follow Himanshu on Twitter at himjhamb.

Tagged as: active garage, atypon systems, battles, clients, competitors, customers, equal, gordon tibbitts, himanshu jhamb, leaders, Leadership, wise, workplace

Is your change leadership transforming your company into a front-runner in your market niche or turning it into aversion of Dr. Frankenstein’s monster? How do you even go about answering this question? What’s your reference point? Is it reliable?

Mary Shelley’s protagonist, Victor Frankenstein, combined with three project management principles, scope management, quality management and risk management, can help answer these questions and keep you and your organization on the right track. By following these principles your organization’s performance will have two important characteristics – Sustainability and Stability.

Frankenstein

Victor Frankenstein suffered from an extreme case of hubris. He was caught up in appearances. He wanted all the glory. He pulled pieces and parts together to create something that breathed and moved and ended up being a demented testament to his limited genius. The monster lacked human spirit. In the end, his creation was the source of his downfall.

Scope Management

The human spirit that was missing in the monster stands out clearly when examined in terms of leadership (see the Leadership post, the first in this series.)

From that blog you may recall the magnetic north for the executive compass comprises the leader’s beliefs and values. For Dr. Frankenstein they were ego, pride, and vainglory. The team (society) was shut out. His only worry was about what he would get from the situation. With that attitude no matter how hard he worked failure was certain.

To be successful the needs of all relevant stakeholders must be included when creating a scope of work that is going to transform your company. This includes competitors as well as clients. Knowing the competition is just as important as knowing your customers.  Success also includes your needs being met as part of the outflow of providing opportunity for others.

Quality Management

So how do you know if changes are moving in the right direction? The answer is simple. Your work must be sustainable. A synonym for “sustainable” is “quality management.” With quality management deliverables are defined in measurable terms consistent with the scope of work. This is the same scope of work that includes all stakeholders.

Going back to the Leadership post, the plan is the arrow on the executive compass that points the way. Quality underpins the plans credibility. It is incorporated into the overall change strategy as well as day-to-day management.

Dr. Frankenstein’s compass was useless. It was unable to provide meaningful direction. His plan was unsustainable.

Risk Management

The final component needed is stability. A synonym for stability is “risk management.”

Dr. Frankenstein’s work lacked stability. He worked in isolation. He lost his connection with society. All his work was self-referencing.

Why is this so important? Recall the dancing terrain from the Leadership post. Complex situations have a terrain that is constantly shape-shifting. There is too much for one person to map reliably and keep current.

Success requires everyone in the organization to be eyes and ears for new, changing information that can keep the map current.

With an accurate map the organization, under your leadership, can plan how best to deal with threats and opportunities present. This is risk management. Executing the risk management plans provides stability.

In the next blog we will look at process management’s place in change management. If this blog has been beneficial and you would like more information or care to comment send me an e-mail at gwmonti@mac.com or visit www.ctrchg.com.

—

With over 30 years experience, Gary Monti consults/teaches/mentors/speaks in change management and project management with a focus on compassion and respect in the workplace. The work is grounded in project management, chaos and complexity theories combined with Myers-Briggs Type Indicator

Tagged as: active garage, business, Business Management, business planning, Business Strategy, Frankenstein, leaders, Leadership, management, possibilities, quality, Quality Management, Risk Management, Scope Management

Your journey through change can have a great deal in common with the experiences of Dr. Jekyll’s friend, Mr. Utterson from Robert Louis Stevenson’s The Mysterious Case of Dr. Jekyll and Mr. Hyde. Like Utterson, you see strange behaviors emanate from areas managed by people whom you’ve come to know and trust. At first there is a wondering if some outside force is affecting the person. A concern, a desire to check in and offer help sets in. Eventually the awareness develops that the strange behavior is coming from the trusted person himself.

Your plate was already full with external challenges. Now the human terrain in your organization is changing as well! (For more on terrain changes see the Leadership blog ). Let’s briefly explore this human terrain and examine Dr. Jekyll, Mr. Hyde, their dilemma, and possible solutions.

Dr. Jekyll

Normally, we all want to do well and fit in socially. We are wired that way at birth. An interesting twist to that wiring is it varies from person to person. We each are whole and have free will but we have a neurological bias towards how we see the world and process information. This means some tasks we take to naturally and others are more challenging.

For example, one person may be great with big ideas while another person excels at running things on a day-to-day basis. If we are lucky the parts of our psyche where we excel are consistent with what our parents, teachers, etc., consider good and get emphasized. That is Dr. Jekyll. He feels complete.

We launch our career and settle down to a particular life style through which we move as Dr. Jekyll. But what about those other parts? Do they just lie around? Hmmm…let’s explore.

Mr. Hyde

While Dr. Jekyll is developing, the undesirable or more challenging parts get pushed into the shadows as if they never existed. That is the Mr. Hyde. The longer Mr. Hyde is pushed down the greater the fear associated with using those traits.  Remember, Dr. Jekyll feels complete and in control. To compound things, the developing Mr. Hyde takes extra effort since traits are weak from under-development. The stage is set for the dilemma.

The Dilemma

People tend to migrate to positions emphasizing their Dr. Jekyll. It can be very upsetting when the business demands complex changes requiring Mr. Hyde to be invited to join the team.

Take the Dr. Jekyll examples from before. A team member may simply want to know what the rules are and his eyes glaze over at the thought of a strategy meeting. A manager excellent at strategizing gets bored with details.  Neither cares much for how the other operates. This aggravates you because with complex terrain changes you need associates to understand and work with each other – to at least see things through the other person’s eyes.

The Solution

The solution lies in your leadership. You may recall the executive map, compass and navigation method from the previously-mentioned Leadership blog. Navigating changing business terrains require everyone’s eyes and ears to build a credible map and plan. There is no telling what will be the source of valuable information. Blind spots are the kiss of death. Cross-training will help immensely.

Using the magnetic north of your executive compass, values and beliefs, can help. If associates have the same magnetic north then tap the bond present. Use the positive stress of what they can achieve to encourage them to overcome the negative stress of bringing Mr. Hyde out of the shadows.

Timing is important. Decisions must be made. Similar to the samurai in Morphing Organizations post your best decisions flow from a detached, empathetic awareness of the overall picture.

Determine the limits of what you can risk. With limited resources the solution will probably comprise some combination of:

• Supporting individuals in bringing more of the positive aspects of Mr. Hyde’s skills to the table;
• Adjusting the timetable for achieving goals to match the rate of change people can sustain;
• Bringing in outside resources to replace or augment current team members;
• Deciding to cancel or delay achieving some goals because the terrain is shifting too fast or the opportunity will disappear by the time the team is ready to work;
• What could be most harrowing and exciting, jumping to a new business terrain.

There are threats and opportunities associated with all these strategies. By sticking with your values and beliefs a plan will show itself.

In the next blog tips will be presented for creating a successful project.

I find this topic fascinating. If you do too and would care to comment or would like more information send me an e-mail at gwmonti@mac.com or go to www.ctrchg.com.

With over 30 years experience, Gary Monti consults/teaches/mentors/speaks in change management and project management with a focus on compassion and respect in the workplace. The work is grounded in project management, chaos and complexity theories combined with Myers-Briggs Type Indicator

Tagged as: Action, active garage, business, Business Management, business planning, Business Strategy, Dr. Jekyll, leaders, Leadership, management, Mr. Hyde, possibilities, Strategy

Executives leading change are in a situation much like Moses’ when leading the Israelites through the desert to the Promised Land. There is the desire for relief from the constant complaining. The loss of resolve or simply being tired can create a yearning for a quick fix or a simple solution. One of the most common forms of giving in to this temptation is clinging to misconceptions regarding technology and its benefits.

Two of the deadliest misconceptions are the belief technology by itself solves problems and the belief human nature changes with new technology. Sales agents can play upon this by proposing something that has the phrase, “All you have to do is…”

So, before you part with your hard-earned money for the latest-and-greatest system let’s look closer at these sweet, deadly poisons and their remedies.

Misconception: Technology Solves Problems

The assumption with this misconception is the problem and the solution are external to the people and organization. Somehow the problem and solution are separate from individual ownership of risks and responsibilities associated with change. Problems will go away by signing a purchase order or contract. A false sense of confidence develops proportional to the blindness present. The situation is similar to the person speeding down the freeway without a map. They don’t know where they are going but they sure are making great time! Typically, in the end everyone is miserable and unhappy. The client scapegoats the vendor and the vendor says the client provided no direction and needs change orders.

Remedy: Solve the Problem First

Technology doesn’t solve problems, people solve problems. For a successful implementation of technology in a changing environment first focus on the principles discussed in the previous two blogs:

1. Change Management #1: Leadership: Navigating with an executive map and compass
2. Change Management #2: Morphing Organizations: The executive samurai and complexity theory

Work with your teams to know where you want to go, build a map of the business terrain, build a plan, and organize your people to move towards the goals.

This begs the question, “If it’s not the solution just what is technology?” The answer is in the word itself. The root for “technology” is the Greek word “techne,” which means, “to craft, to build, to put form to, to bring into existence.” In other words it’s a means to an end not an end in itself. It is a tool for building the solution.

Briefly, what you want to do is solve the problem first (functional specification) then pick the vehicle for expressing it (technical design specification).

Misconception: Technology Changes Human Nature

This misconception assumes providing an external something will improve people’s attitudes, sense of responsibility, and performance.  Cooperation will spontaneously increase with new technology.

Remedying: Resolve Political Problems First

The reality is most people resist change and want to hold on to their personal agendas. I discovered this in the first few years of operating my business. Networks were at its heart. Some clients were a dream and others were nightmares. These differences influenced my answer to an apparently simple question, “What is a network?” The best answer, the one that made the most sense and was immediately understood was, “A network is a hard-wired political system.” Laughter ensued.

With change the concern for self increases and people become stressed. Stress can lead to unpredictable behavior. Even small, unpredictable behaviors can be quite serious in complex, changing situations. Why? Small behaviors can have a disproportionately large impact on a complex system by pushing it past a tipping point. For example, in November, 2001, at the largest airport in the world, Atlanta Hartsfield, a Georgia college student passed through security then ran back through it and down an escalator to get a camera bag left in a coffee shop. September 11, 2001, was two, short months ago. Security reacted quickly, shutting down the terminal. The domino effect shut down almost all flying in the United States for the rest of the day.

This brings up a second answer to the question, “What is technology?” The answer is, “Technology is an amplifier. Applied properly it can make a good situation better. Misapplied, it can make a bad situation worse.” In the end, the more time spent getting everyone on board with the change management process and associated technology the better.

In the next blog we will look at team building and dealing with the challenges of human nature.

If you benefited from reading this, have any comments, would like more information or are simply as interested in change management as I am send an e-mail at gwmonti@mac.com or visit www.ctrchg.com.

With over 30 years experience, Gary Monti consults/teaches/mentors/speaks in change management and project management with a focus on compassion and respect in the workplace. The work is grounded in project management, chaos and complexity theories combined with Myers-Briggs Type Indicator

Tagged as: active garage, Branding, business, Business Management, business planning, Business Strategy, leaders, management, possibilities, Rajesh Setty, Strategy, technology, www.activegarage.com

My article this week is about timing. There is an old saying “Experience is what you get, right after you needed it”.

There are things that you can time, the coffee maker, the bus schedule and so forth. There are many more things that you cannot time and attempting to time them is a mistake.

For Example: timing the stock market, similar to gambling in Las Vegas, where everyone knows the game is rigged and plays anyway. Attempting to time the stock market will eventually get you if you are playing alone. That’s why successful stock brokers get paid no matter the outcome of your transaction with them.

Timing certain types of projects is also a mistake. I work in the large scale software industry and if a project is an addition to an existing product, timing makes sense and indeed is necessary. If, on the other hand, we are building something completely new to the world, we cannot time it, and we are almost never able to resist the urge.

For things that are new to the world, much must be learned, therefor the time required is the time needed to acquire the knowledge to complete the project; be that brain surgery or a new software product. The knowledge and the skill must be acquired over time, a practice must be developed that retains that skill and then the project can be timed. Usually at that point you have completed at least the first pass and are ready to move on. Only after you have the experience can you time the next iteration, and even then, if you are doing something that is new to you, your team or the world, you need to take the time to learn.

I’ve said is almost all of my articles, you will not get where you are going alone, you need help. Help can come in many forms: parents, friends, acquaintances, government structures, business structures, etc. The number one thing that, as business people, we can find to help us are teachers. Find someone better at what you do than you are and learn from them. Learn everything you can, from everyone you can. Be discriminating in your teachers though, find the best, if you find someone better, switch. Move fast and learn to learn fast.

With learning comes obligation. As I said before, you need to learn from great teachers, you must have something to offer them in return like money, time, etc. In return you must spend some of your human capital to learn: time, lost opportunity, money etc. Education comes with a price, you must pay it. When you stop learning you are finished.

Another point about the obligation of learning; you must teach. There is a Buddhist maxim “To know and to not do is to not know”. Teaching cements your knowledge, it is a mechanism of our minds that when we teach we learn as well, the subject we are teaching. So to learn, you must teach, find a student, and be a student.

Go find something new to learn! Stretch your mind and teach someone else something new! Do it for yourself.

This article was contributed by Thomas Frasher, co-founder of Active Garage. You can follow Thomas on Twitter at tfrasher.

Tagged as: Action, Branding, Communication, execution, Intellectual Property, leaders, Leadership, possibilities, purpose, Return on Investment