Entries by Engers Fernandez

The Fifth Discipline

February 10, 2019 /0 Comments/in , , , /by

Peter Senge, an expert in leadership and sustainability, discovered that a gap existed between an organization and how it learns new things. This discovery brought about the evolution of The Fifth Discipline. The Fifth Discipline explains that the concept of a learning organization is to seek to facilitate and encourage learning at all levels. In this manner, the organization has the ability to adjust continually and transform itself in a highly dynamic and competitive world. In this summary, we will give a rundown of the five basic learning disciplines and the seven learning constraints.

THE FIVE BASIC DISCIPLINES
Peter Senge shares five basic principles that set a learning organization apart from a traditional organization; A shared Vision, Mental Models, Team Learning, Personal Mastery, and System Thinking.

A Shared Vision
All employees in a company are committed to a shared long-term inspiration. They share the same vision of where the organization needs to go. When the vision is unique and shared, staff members will automatically participate in improving processes to get the organization closer to accomplishing its vision. In Peter’s words, a vision is being shared when “people are not playing according to the rules of the game, but feel responsible for the game.”

Mental Models
Mental models are all the limiting beliefs and flaws a person has which influences their actions. The official hierarchy of an organization is the first mental model. In itself, it is the ecosystem where departmental and individuals’ Mental Models begin to bloom. When individuals begin using phrases such as “that’s not the way we do things” and reject new ideas or when leaders passively attempt to give you the history of how things came to be, these are the symptoms of resistance to growth. The first step in having people change their Mental Models is to have people reflect on their own behavior and beliefs. Personal values can overcome all the shortcomings of hierarchical power, but to do so what is needed is transparency and openness.  One part of openness is to quit playing “power games” and be open and honest about the real needs of the individual, department, and organization and then streamline them.

Personal Mastery
Shenge describes Personal Mastery as the strength of ability of people to proactively learn to achieve results continuously, achieve clarity and depth of vision, see reality objectively and close the reality-vision gap. Team influence and environment play a part in Personal Mastery. Effective teamwork leads to outcomes in which individuals could not have accomplished on their own. Members within a team learn faster and more than they would have alone. They align and develop their capacities as a team and build on individual talents and vision.

System Thinking
System thinking is described by Peter Senge and the golden discipline. This is the fifth discipline and unifies all of the five principles. It is the cornerstone of a learning organization. An organization is like a living organism that needs to be analyzed with a holistic viewpoint rather that small unrelated manageable parts.  System thinking encourages leaders to understand the impact of their department or business unit on the system. Every decision made should be based on the holistic principle of System Thinking.


THE SEVEN LEARNING CONSTRAINTS
Like any other living organism, when it’s not working according to its purpose, it will show signs and symptoms. From Senge’s point of view, there are seven disabilities that most organizations suffer from and impair them from being effective learning organizations.


1. I am my position: When a staff members define themselves as the position they fulfill within the organization. If we use our jobs as a substitute for our identity, we run the risk of failing to understand the purpose of what we are doing for the organization or we perceive ourselves as having too much or too little power. Therefore one will fail to take responsibility or fail to think that all responsibility lies with them.

2. The enemy is out there: Failing to understand that external and internal problems are part of the same overall system; there are not isolated. When we fail on the inside, the competitors see it on the outside.

3. The illusion of taking charge: Confusing response to consequences of a challenge (reactive action) with working with problems (proactive reaction) by focusing on outside threats only without first discovering how we contribute to the current problem.

4. Fixation on events: Being focused on the short term, often prevents us from foreseeing long-term patterns of change that are the cause of the immediate circumstances.

5. The delusion of learning from experience: The idea that most staff members learn from experience is an illusion. More often than not, people do not experience the consequences of their decisions in the organization directly, especially when the systems are not in place to provide honest feedback.  

6. The myth of the management team: Management and leadership are not the same. A  good manager is not automatically a good leader. Management-minded people tend to not work together but rather fight over turfs and avoid doing anything that may risk them looking bad. Real leaders cross the line, take risks and compromise as long as the vision is moving forward.

7. The parable of the boiling frog: We tend not to be conscious of or are unwilling to notice threats that arise regularly which leads to an inability to react until it’s too late. Status quo is the godfather of anti-progress and anti-innovative culture. It grows slowly, painlessly until someone in the market beat you in your own game.  

The book ends with an explanation of how to integrate and apply the five disciplines to building a learning organization. As staff members practice the discipline of personal mastery, they experience gradual progress, analyze their own mental models and become more comfortable and identify new ways of thinking. A shared vision helps people see how their actions contribute to transforming and shaping their future. All five disciplines set the foundation for team learning, which allows staff members to build the type of results they desire, at a level beyond their individual capacities. Systems thinking underlies all four other disciplines to help everyone to see the big picture, their role in it, restructure assumptions and reveal causes and ways to leverage in complex situations.


THE BIG THREE – KEY POINTS
Keypoint #1: In a learning organization, people do not want to work according to the rules of the game but rather they feel responsible for the game.
Keypoint #2: To solve problems, we need a shift of mindset from seeing small parts to a holistic view, moving away from being reactive to being proactive.
Keypoint #3: Quit playing “power games” and be open and honest about what your real needs are.

One Last Thing
“Taking in information is only distantly related to real learning. It would be nonsensical to say, “I just read a great book about bicycle riding—I’ve now learned that.”
― Peter M. Senge, The Fifth Discipline

How Google Works

February 10, 2019 /0 Comments/in , , , , /by

How Google Works talks about how to succeed as a company in a fast growing era and digital age. Their answer is to attract smart creatives and give them an environment where they can thrive and scale. The author also focuses on corporate culture, strategy, talent, decision making, communication, innovation and dealing with disruption.

Google’s early principles were simple but powerful: constantly focus on the user, always hire as many great software engineers as you can and perhaps the most important part, give those engineers freedom. Google was managed with informal meetings of small engineering teams. Eric Schmidt and Rosenberg took advantage of the opportunity given to them to create a business plan to take on Microsoft. To carry out this task, they invested more time in learning new ways of managing these smart creatives who are not shackled by organizational structures and defined rules. Using this process, the new management methods being learned were documented and this book gives insight into how Google works, providing a series of steps in the development of a company.

CULTURE: Culture is an important consideration when starting a company. Google imbibed the culture of close interaction among employees from inception to date. The culture was deliberate to reduce envy of other colleagues facilities. Collaboration was highly prioritized which has helped in increasing integration. It had been discovered that smart creatives care about where they work to produce their best of work. Google’s culture was an intentional “established a culture of saying YES!” Equally important to saying yes, is to start things which lead to experiences, which in turn leads to an increase in knowledge.

STRATEGY: The author moved on to the principles of Google’s strategy which are:

Bet on technical insight, not market research. Technical insight either increases functionality or reduces the cost of a product significantly. Almost all successful Google products were developed using this strategy. Google search was and it is better than any other search engine because the founders worked out how relevant a web page is to a search query based on which other pages are linked.

 

Optimize for growth and not for revenue. In order to achieve something, you need to be able to grow quickly and globally. Google resisted the urge to make money by placing advertising on its homepage and instead focused on improving and investing in the search engine.

Let great products grow the market for everyone. Keep your product open by adhering to standards and sharing computer code for example: losing control but gaining scale and innovation.

TALENT: In the organization, talent cannot be substituted with any amount of business strategy. Google’s recruitment process is carried out by the interviewee’s potential future peer. The most important thing they look out for is passion, growth mindset and character.

DECISION: There is more to decision making than just making the right decision. The timing, the process of getting to a decision and the way the decision is carried out is extremely important. The author dove deep into Google’s decision making process and principles and they were implemented.

COMMUNICATION: Effective leaders share information rather than keeping it to themselves. As a  leader, knowing the details is very key. This requires asking the right questions and getting the right answers even if it’s not good news. Emails aim to respond quickly. Emails are meant to be clear and straight to the point. There shouldn’t be any content there that people can skip.

INNOVATION: Thinking big is vital and provides a unique advantage of giving creative smart people more freedom to express themselves. One thing that Google has found in it’s process is that big challenges often attract big talent.

In conclusion, when making decisions, think more about the future and how it will impact the outlook.  Schmidt and Rosenberg believe that with enough data and skills, any problem can be figured out and therefore solved. Computers were and will continue to design, to make lives easier and better but for yet more people. The future is bright and technology will transform practically every field.

THE BIG THREE – KEY POINTS
Keypoint #1:  The Basis of success with product excellence is iterating, at speed.
Keypoint #2: Determine who runs the company based on performance and passion not based on function and experience.
Keypoint #3: Optimize for scale not revenue.

One Last Thing

“The most valuable result of 20 percent time isn’t the products and features that get created, it’s the things that people learn when they try something new.”
― Eric Schmidt, How Google Works

THE 21 IRREFUTABLE LAWS OF LEADERSHIP

February 10, 2019 /0 Comments/in , , , , , /by

The 21 Irrefutable Laws of Leadership was written out of many studies and observations John Maxwell has carried out on leaders in various sectors like business, politics, military, sport and most of all his personal leadership experience. He poured out his heart into this book by giving us 21 laws that can help you become the most powerful and effective leader. The principles of leadership do not change over time, only the application does. These principles or law brings consequences; people will either follow you or they will not. It will depend on your mode of application. These laws when applied in real life form the foundation of leadership.

  1. LAW OF THE LID:  The law of the lid states that leadership ability is a determinant of a person’s level of effectiveness. This means that your effectiveness is determined by your level of leadership. When your level of leadership increases, you become more effective. An increase in effectiveness directly affects the level of success.
  2. LAW OF INFLUENCE:  Leadership is different from every other subject matter such as management or entrepreneurship. The true definition of a leader is determined by the level of people he has influenced. Your followers are the proof that you are a leader, nothing more or less.
  3. LAW OF PROCESS: Maxwell explains five different phases of leadership growth. He also explains that what sets a leader apart from their followers is their ability to learn, develop and improve their skill.
  4. LAW OF NAVIGATION:  A true leader is a leader with foresight. Leaders chart the course for their team because they have full vision of where they are going, understand the challenges and risk and also understand the right set of people needed to achieve the vision.
  5. LAW OF ADDITION: This law defines the ability of a leader to add value by serving others and making things better for them.
  6. LAW OF SOLID GROUND: The foundation of leadership is trust. Trust is built when a leader is consistently competent and displays remarkable character. Character conveys potential and builds respect.
  7. LAW OF RESPECT: In this book, Maxwell explains six ways leaders gain respect and how to access and improve your level of leadership. Leaders tend to stand out while others follow because they are perceived to be stronger.
  8. LAW OF INTUITION: We relate and see people based on who we are so leaders also see things with leadership bias. Maxwell explains in detail various ways a leader can apply their leadership bias and how to improve their leadership intuition.
  9. LAW OF MAGNETISM: You attract who you are. It’s as simple as that. People are drawn to others with similar characteristics like attitude, ability, leadership ability, energy level, etc.
  10. LAW OF CONNECTION: The key to connecting with people is by relating to them as an individual even if they are in a group. There is a need to connect with people emotionally as a leader before you can move them to action. Maxwell shares a bigger picture of how you can connect with yourself and others.
  11. LAW OF THE INNER CIRCLE: Your inner circle is the group of people you turn to for advice, support and assistance. These people must be chosen intentionally. They must be people who display excellence, maturity and good character in everything they do.
  12. LAW OF EMPOWERMENT:  The important thing in empowerment is believing in people. Most leaders refuse to empower others due to three key reasons: resistance to change, desire for job security and lack of self-worth. In this book, John Maxwell sheds more light on how to improve your self-worth and empower others.
  13. THE LAW OF THE PICTURE: Exceptional leaders understand the irreplaceable role of vision. A vision shows the picture of what is to be achieved. Therefore, for a leader to communicate it effectively, he/she has to model the vision by setting the right example and showing the way. This act of modeling gives the followers credibility, passion and motivation to carry on with the vision.
  14. THE LAW OF BUY IN: The secret is people buy into the leader first before buying into the vision. They listen to people who they trust, believe in and feel they are credible and worth going along with.  When followers buy into the leader and the vision, then they are ready and willing to follow such leader through any challenge and success.
  15.  THE LAW OF VICTORY:  A Good leader must take responsibility for all actions, be creative and transfer his success and passion to his followers. Failure or quitting is not an option on a leader’s list.  Maxwell wrote ”one thing victorious leaders have in common is that they share an unwillingness to accept defeat.” As a result, they take responsibility for the success of the team and do what it takes to lead the team to victory.
  16. THE LAW OF BIG MO: Momentum is a leader’s best friend. An organization or team with momentum can successfully pass through any obstacle, and momentum is a determining factor between winning and losing. It makes you unstoppable. In this book, Maxwell shares several characteristics of the Big MO and how to access where we are.
  17. THE LAW OF PRIORITIES:  Don’t just get busy, get productive. The heart of the law of priority states that leaders understand that activity is not about accomplishment. This means prioritizing requires leaders always to think ahead, to know what is more important and how it all relates to the vision. Maxwell discusses the Pareto principle and other key factors that help in setting a priority list which are Requirement, Reward, and Returns.
  18. THE LAW OF SACRIFICE: This law gives a glimpse of what leadership life is.  A leader might be looking glamorous on the outside, but the secret behind his true leadership is that he has sacrificed and still sacrificing. The hidden secret behind success is the sacrifice. And a true leader does not only sacrifice but also put others ahead of him.
  19.   THE LAW OF TIMING: Leadership is not only about how to lead but discerning the right time to take action. Maxwell summarizes his statement by saying “taking the wrong action at the wrong time leads to disaster and the right action at the wrong time leads to resistance while the wrong action at the right time leads to a mistake”. This shows that leadership ability goes beyond leading.
  20.   THE LAW OF EXPLOSIVE GROWTH: You can attain explosive growth when you choose to lead leaders and not followers. To lead leaders, you have to focus on the strength and not weaknesses, treat everyone differently and invest quality time into others rather than spending time together. Maxwell summarizes this law by saying leaders who develop other leaders experience incredible multiplication effect in their organization that can be achieved in no other way.

 

  1. LAW OF LEGACY:  This is the final law in this book. The law of legacy states that a leader’s lasting value is measured by succession. What do you want to be remembered for? Maxwell summarizes the life of a leader by saying that “achievement comes when they do big things by themselves. Success comes when they empower followers to do big things for them. Significance comes when they develop leaders to do great things with them. Legacy comes when they put leaders in the position to do great things without them.” He ends the chapter with the thought, “our abilities as leaders will not be measured by the buildings we built, the institutions we established, or what our team accomplished during our tenure. You and I will be judged by how well the people we invested in carried on after we are gone.” This is the greatest challenge of  a lifelong pursuit of leadership, but it is also the only thing that will matter in the end.

Undoubtedly, you are eager to know other laws of leadership. The 21 Irrefutable Laws of Leadership not only explains the laws but include several tips on how to apply the laws. Do not hesitate to feed on the richness of this innovation.

KEY POINTS

Key point #1: Leadership is built on trust and compounds over time

Key point #2: Leaders attract who they are.

Key point #3: Leaders must learn, grow and develop.

 

One Last Thing

“Leaders Who Attract Followers . . . Need to Be Needed

Leaders Who Develop Leaders . . . Want to Be Succeeded”

― John C. Maxwell, The 21 Irrefutable Laws of Leadership: Follow Them and People Will Follow You

The $100 Startup

February 10, 2019 /0 Comments/in , , , , /by

The $100 startup by Chris Guillebeau is an insightful book that contains many real-life case studies. It describes the possibility of starting and running a successful business with a tiny team. It also gives great insight on how you can start a small business of your own, giving you the ability  to live on your own terms- from positioning yourself, finding your audience and prospects, creating your products or services, marketing, scaling and leveraging.

 

Guillebeau identified three key areas to start a business: a product/service people are willing to pay for, a group of people who are willing to pay for it such value and a way to get paid. To succeed in business, you need to merge your passion and your skill with something that is useful and essential to other people. If you focus on providing value above all else, your business will be successful. The value in this sense means ‘helping people.’ A vast majority of people want more of some things (money, time, love) and less of other things (debt, stress, pain). The key is to focus on your added value or what pain you take away to improve their life. Give people what they really want and not what you think they should have or want instead.

The author explains that not every passion or hobby is really worth building into a business and as incredible as it sounds, not everyone will want to have a business based on passion or hobby. Many ‘follow-your-passion’ businesses are built on something indirectly related and not the passion or hobby itself. There’s nothing wrong with a hobby, but if you’re operating a business, the primary goal is to make money, that’s it. Short term or long term, just make sure that making money is the focus.

A ubiquitous characteristic of successful startups is that they operate on a “plan as you go” basis. This gives the startup the opportunity to respond to the changing needs of its customers yet still get your business out as soon as possible with a bias toward action. One common mistake is thinking about your audience in terms of categories such as age, race, and gender. Instead, Chris Guillebeau recommends thinking of them in terms of shared beliefs, interests and values. A survey to understand customers and prospect is a good strategy, as long as it is concrete. The more specific and shorter the better.

When creating an offer, think carefully about the possible objections and then respond to them in advance. There is a difference between a good offer and a great offer, urgency. Immediately after a customer purchases something, that customer is hiring you. Look for small but meaningful ways to go above and beyond their expectations. They are not just buying a product or service from you, they are walking the experience with you.

It is vital to work on your business daily. Part-time or full time, work on your business every day and focus that work into key activities that improve the customer experience. Avoid just by responding to an urgent needs that accurate.  

Perhaps one of my favorite takeaways from this book is the advice to leverage skills and contacts. This approach places you in more than one place at the same time with outsourcing, affiliate recruitment, and partnerships. Ideally, you should be able to grow the business without dramatically increasing the workload, allowing you to scale without hiring more people when you make careful choices.

Select two to three metrics that are the lifeblood of your business, then check them monthly.  

In conclusion, a business that is scalable is both teachable and valuable. If you ever want to sell your business, you’ll need to build teams and reduce owner dependency.

THE BIG THREE – KEY POINTS

Key point #1: Keep it simple
Key point #2: Value action over plans
Key point #3: Set your own terms

One Last Thing
“A desk is a dangerous place from which to view the world.” —JOHN LE CARRÉ”  ― Chris Guillebeau, The $100 Startup

Good To Great

February 10, 2019 /0 Comments/in , , , , , , /by

Jim Collins, an established management consultant, identifies and evaluates the factors and variables that allow a company to transition from merely good to truly exceptional in his classic,  Good to Great: Why Some Companies Make the Leap and Others Don’t. “Great”is a very subjective term, but Collins successfully defines it by a number of metrics, including financial performance, the highest the market average sustained by several periods of time. Using this particular criteria, Collins and his research team exhaustively cataloged the business literature and finding a handful of companies that matched their predetermined criteria for greatness.  

Throughout the book, Collins addresses different components that build the bridge that guides the transition from good-to-great. Among these components, we find management, operational practices,  personnel, behaviors and attitudes that are both effective and yet mutually incompatible to the good-to-great transition.

Using the criteria described above, Collines selected the following eleven companies: Abbott, Fannie Mae, Circuit City, Gillette, Kimberly-Clark, Kroger, Nucor, Philip Morris, Pitney Bowes, Walgreens and Wells Fargo.  The most crucial factor in the selection process was a period of growth and sustained success that far outpaced the market or industry average.

Collins  begin the process of identifying and explaining the unique factors and variables that differentiate good and great companies. One of the most significant differences in the quality was the leadership in the firm. Collins goes on to identify the followings five levels of leadership:

  •    The highly capable Individual: Leaders who contribute using their skill, know-how and good habits.
  •    The contributing Team Member: Leaders who are able to use their expertise and knowledge to help their team succeed.
  •    Competent Manager: Leaders who are capable of organizing the team to reach pre-determined objectives efficiently
  •    Effective leaders: Leaders who are able to create the commitment from their team to pursue a clear and compelling vision vigorously. They are also able to build a high-performing team
  •    Lastly, the Great Leaders: leaders with all the abilities of the four levels plus a unique combination of will and humility. It is the combination that makes them a great leader.

An actual level 5 leader often has a long-term personal sense of investment determination and profound humility.

Collins went further to identify the nature of leadership. He specifically states that getting the right people takes precedence over strategy, vision and almost everything. The “who” must be put before the “What.” The most valuable asset of a company is not the people but the right people. It is not just the quality of leadership that is essential to be great but the quality of the people in the team. Collins gave three principles that will help you maximize your most significant asset to become great.

  1.    When in doubt, don’t hire – Keep looking
  2.    When you need to let go of the wrong people, act right away. But do not overlook the possibility that the right person might be in the wrong position.
  3.   Put your best people on your biggest opportunities.

Another defining characteristic of the companies Collins defined as great is simplicity. Collins used the metaphor of the hedgehog to illustrate the principle that simplicity can sometimes lead to greatness.

Equally, Collins shares that the simplist way to transform from Good to Great is often not by doing many things well, but instead, by doing one thing better than anyone else in the world. Usually it takes time to identify that single thing that you can be great at, but those who do successfully identify it are often rewarded with singular success. Collins suggests using the following three criteria to expedite the process to find it: 1) Determine what you can be best in the world at and what you cannot be best in the world at; 2) Determine what drives your economic engine; and 3) Determine what you are deeply passionate about.

Good to Great has become a classic in leadership and business. If you are in a leadership position or planning to do so, grab a copy and be ready to move from Good to Great.

THE BIG THREE – KEYPOINTS

Keypoint #1:   Companies need to create a climate where the truth is heard.

Keypoint #2.    Good to great companies are motivated by inner compulsion of excellence for its own sake.

Keypoint #3.    Always confront uncomfortable truths head-on, but never lose faith that you’ll work it out.

 

One Last Thing:

“Good is the enemy of great. And that is one of the key reasons why we have so little that becomes great. We don’t have great schools, principally because we have good schools. We don’t have great government, principally because we have good government. Few people attain great lives, in large part because it is just so easy to settle for a good life.”

― Jim Collins, Good to Great: Why Some Companies Make the Leap… and Others Don’t

The Back of a Napkin

February 10, 2019 /0 Comments/in , , /by
B.i.L Bite of The Back of The Napkin

The back of a napkin outlines why visual communication is effective and how to make it more effective. Dan Roam explains how to solve problems and sell ideas using pictures. He explained that if a drawing is used properly, it is more powerful than a Spreadsheet or a PowerPoint chart. It can help crystallize ideas and communicate in a way the audience gets to understand more effectively.  He further explains the framework for selecting the most appropriate diagrams for certain situations as well as a framework for problem-solving.

​

Visual thinking is an universal talent, including those who could not put figures on paper. You have three basic visual thinking tools which are eyes, mind’s eye, and hand-eye coordination. The visual thinking process has four steps:

Look: which deals with collecting and screening.

​

See: which deals with selecting and clumping. It basically collects everything, lay it all out where you can look at it and establish a fundamental coordination, establishing answers to who/what, how much/many, when, where, why, how and as). Then sort and prioritize.

​

Imagine: this deals with seeing what is not there

​

Show: this deals with making it all clear. Showing in itself has three steps which includes:

●    select the right framework

●    Use the framework to create the picture

●    Explain the picture to someone else

​

Another powerful concept explained in the book is the S.Q.V.I.D process. Roam argues (quite correctly) that even when you know generally hat you would like to draw, there are numerous ways to draw it depending on what on what point you are trying to convey. He illustrates this with a story of an apple.  Suppose you wanted to communicate the idea of an apple to someone who doesn’t know what apples are. Would you draw a picture of a single apple (simple) or an entire orchard (elaborate)?  Would you draw an apple pie (vision) or the recipe and steps to prepare one (execution)?  He continues through other questions, eventually labeling it the S.Q.V.I.D approach which encourages you to consider the following qualities when communicating with a visual. This involves generating five quick drawings for the presentation.

​

●    Simple VS  Elaborate

●    Qualitative VS quantitative

●    Vision VS Execution

●    Individual  Attributes VS Comparison

●    Delta VS Status quo

​

Another powerful tool in the book is the Six W’s. If this sounds familiar from previous concept is because it actually is.

The six (6) W’s gives us six ways to see and show problems:

​

●    Who and what: refers to the challenges relating to things, people and roles. In visuals, draw a portrait

●    How much: refers to measuring and counting. In visuals,  draw a chart

●    When: refer to scheduling and timing. In visuals, draw a map

●    Where: refer to the direction and how things fit together. In visuals, draw a timeline

●    How: refer to how things influence one another: In visuals, Draw a flowchart

●    Why: refer to seeing the big picture: In visuals, draw a multiple variable plots

​

Combining the SQVID and the 6 W’s will give a visual thinking codex. For each of the six ways of seeing there is one corresponding way of showing. For each one of these six ways of showing, there is a single visual framework that serves as a starting point.

In conclusion, any problem can be made clearer with a picture and any picture can be created with the same set of tools and rules.

THE BIG THREE – KEY POINTS

Keypoint #1:  Everyone is born with a talent for visual thinking.

Keypoint #2: All good pictures do not need to be self-explanatory but they do need to be explainable.

Keypoint #3: Many problems can be solved more easily and ideas conveyed better with pictures rather than words.

One Last Thing

“The single greatest challenge to leaders today (and that includes thinkers, teachers, managers, presidents, parents, CEOs, designers, salespeople, students—all of us) is this: We have to make more increasingly complex ideas more clear, more quickly and more persuasively than ever, to more audiences who are more informed and have more access to more information than ever.”

― Dan Roam, Blah Blah Blah: What To Do When Words Don’t Work

Innovation and Entrepreneurship

February 10, 2019 /0 Comments/in , , , /by

Peter Drucker is known to be the most famous management author of the century. This book does not treat innovation as an academic subject but outstandingly written with rich organizational life examples using management view. The author focuses on how innovation and entrepreneurship can be learned and applied by anyone. He wants everyone to have the mindset of changing how they do things to make a massive difference.

This book gave a meaningful and provocative definition of innovation. Peter Drucker began by teaching innovation and entrepreneurship in the mid-1950’s putting into writing his experience from the past three decades of testing his ideas. He derived his examples from the experiences he had as a consultant and the experience of people he mentored and taught.

He started by drawing his readers attention to a mystery: why in the American economy between 1965-1988, despite the recession, oil shock, inflation in some government and industry, there was still a massive job growth. Most people describe the growth as “hi-tech”. The key technology driving job growth is not widget or gadget but entrepreneurship management. The force of entrepreneur is always more significant than the current state of the economy suggest Drucker. Huge successes recorded by great influencers such as Mc Donald was majorly due to better management of a service previously run by mom and pops owners.  Everything, from the production of the product, selling technique, the way it was served, and the package was refined beyond belief. It was not the ‘hi-tech’ thing but doing things in a different, better and meaningful way and in the process creating new value.

 

In this book, Drucker sees entrepreneurship has a way of doing things differently. It is not a personality trait but a feature to be observed in people’s actions and functionality. Entrepreneurs are made to upset and disorganized. He/she is a wild card that generates wealth through creative destruction. They deal with uncertainty but still have the ability to explore change and respond positively and intelligently to change.  Embracing changes and trying out different things is the best way to invest resources. Entrepreneurship becomes risky when simple and well-known rules are violated. They become less risky when it is systematically managed and purposeful.

 

Innovation, on the other hand, is simple and often has nothing to do with technology or inventions. Science and technology are the least promising of all sources of innovation, Drucker suggests. He says in reality, innovation result to success when you take advantage of an unexpected change in the society. Innovation becomes a great deal when it meets the market through the catalyst of entrepreneurial management then your start creating things of great value.  Good innovation is always much focused. It is not about trying to do many things but just one thing excellently well. The most successful products are those that save effort, time, money and save their users from thinking. People do not purchase a product but what the product does for them. The bigger picture of innovation is to provide satisfaction where there was none before. The book concludes with Drucker giving a clearer picture of what the future holds.

The Big Three – Key points

Key Point #1: Entrepreneurship and it advises to invest in resources, explore change and respond positively to it.

Key Point #2: Innovation and it advises to innovation should save time, energy and provide satisfaction where there is none.

Key Point #3: People do not purchase a product but what the product does for them. The bigger picture of innovation is to provide satisfaction where there was none before.

 

One Last Thing

“Entrepreneurs, by definition, shift resources from areas of low productivity and yield to areas of higher productivity and yield. Of course, there is a risk they may not succeed. But if they are even moderately successful, the returns should be more than adequate to offset whatever risk there might be.”

― Peter F. Drucker, Innovation and Entrepreneurship

So Good They Can’t Ignore You

February 10, 2019 /0 Comments/in , , , /by

In this book, Cal Newport contradicts a long-held mindset about following your passion. He believed there is more to loving what you do than just following your passion. To discover this and back up his point, he set out on a quest by spending time with a Venture capitalist, organic farmers, writers, freelancers and other passionate individuals that derive great satisfaction in what they do.  In this quest, Newport identified strategies used and pitfalls avoided by these individuals in developing their career. Passion comes after you have invested in becoming excellent at something valuable not before you attempt something. Aligning your career with your pre-existing passion does not matter. “So Good They Can’t Ignore You” will change your perspective about your passion, career, happiness and developing a remarkable lifestyle.”

 

Steve Mark likes to say “be so good they can’t ignore you” irrespective of your level in your career. Whether you are just starting up, or you are a professional trying to move to the next level, your target should be to master your craft to the point where people can’t help but notice you. Being passionate about what you do is a great goal but following your passion will not get you there. There are two fundamental problems attached to following your passion:

 

Firstly, it assumes that people have a pre-existing passion they can identify and use when making career decisions. However, most people end up feeling lost because they have no idea about what they want to do.

 

Secondly, there is an assumption that says if you like something you will really like doing it for a job. “We don’t have an established evidence that is true,” Newport says. People passionate about their work has little to do with whether their job matches their pre-existing passions.  The bottom line is let your passion follow you in your craft and become someone that can’t be ignored and not to follow your passion. Try something interesting to do, find a skill and career path to pursue and if you are stuck at a crossroad, flip a coin. Make your skill valuable by reaching a high level of expertise. For example, many people look down on a linguistic major for being impractical. You can be very good at a particular type of writing; it will make you stand out. People who are passionate about their work develop the passion over time after building their skill to the point that they became rear and valuable.

 

To become so good at what you do, you need to master that skill through deliberate practice. Once you have chosen a career path, the next step is to master the skills in it to become irreplaceable. “You don’t have a leverage until you become so good.” Says Newport. Look out for simple and common mistakes that show up every day when working on your skill and don’t stop getting better. Many people build their skill to a stage that they become so comfortable and they stop improving on it. It is a deadly risk. To avoid this, push yourself beyond the comfort zone and continuously practice your skills just the way athletes, musicians or artists would.

 

Finally, you have to be good at something before big things start to happen. Don’t stop building on your skills. Be so good that you can’t be ignored.

 

The Big Three – Key Points

 

Key Point #1: Do not follow your passion. Let your passion follow you and learn how you can grow your mindset around your passion.

 

Key Point #2: To become so good at what you do, you need to master that skill through deliberate practice. You don’t have a leverage until you become so good.

 

Key Point #3: Push yourself beyond your comfort zone and continuously practice your skills just the way athletes, musicians or artists do.

One Last Thing

So Good They Can’t Ignore You Quotes Showing 1-30 of 224

“Passion comes after you put in the hard work to become excellent at something valuable, not before. In other words, what you do for a living is much less important than how you do it.”

― Cal newport, So Good They Can’t Ignore You: Why Skills Trump Passion in the Quest for Work You Love

The New Edge in Knowledge

February 10, 2019 /0 Comments/in , , , , /by

The New Edge of Knowledge by Carla O’dell and Cindy Hubert focuses on the best and most effective practices to ensure organizations have the knowledge needed for the future. Each chapter of the book shares ideas on new ways of working and collaboration by using knowledge management as a social network and how leading companies apply them.

Carla defines knowledge as information in action and knowledge management as a systematic effort to enable information and knowledge to grow, flow and create value. Social networking, one of today’s most popular ways of collaborating, has helped people be good at filtering, switching and organizing their memories. Social media becomes social computing when applied to a non‐commercial intent among people to share and co‐create.

Knowledge management, or KM for short, can either be done in the workflow or above workflow. KM in the workflow is when we enable staff members to collaborate, capture and share knowledge without an additional burden or interruption on their part. Knowledge management above the workflow is when we ask staff members to stop their work process to move to another mode to reflect, capture or share. One is not better than the other, it simply depends on the type of organization and the speed on which the knowledge is needed.

Furthermore, Carla describes an effective strategy in creating a call to action on identifying and prioritizing the organization’s critical knowledge. The first step in creating a call to action for knowledge management is to understand the value proposition for enhancing the essential flow of knowledge. The next, critical knowledge has to be identified. After that, the critical knowledge must be located. A key component is to develop a knowledge map that acts as a snapshot in time to help the organization understand what knowledge it has and what it lacks. The next step is to enable the knowledge flow process. A critical step to facilitate the transfer of best practices is to identify and adopt superior practices rapidly. By sharing what works best, staff members get the theory, evidence and expertise all at once.  Examination of critical success factors is usually essential. Often knowledge and best practices exist in every organization, yet employees rarely share them. And even when they do, methods are not necessarily implemented.

The author gives a special place to social networking in the way of capturing and sharing knowledge. Social networking refers to online sites where users can create a profile and designate a network of people to see their posts and following their activities. It is the pure manifestation of the user-driven philosophy. Social networks could become an essential adjunct for creating and sustaining the engine of relationships and knowledge in a Web 2.0 world. The guidelines for enterprise social networking are: ride the wave, every organization isn’t Facebook, imitate what works, observe what really happens, trust but verify, encourage extended networks and use social networking as an adjunct to expertise location.

The book also illustrates the ways to a cultivate knowledge‐sharing culture. There are three ways to directly influence the norms and behaviors of employees. First is to lead by example. Executive involvement lends credibility to KM programs and ensures the efforts will be long term. There are 10 desirable types of leaders for Knowledge Management identified as: progressive leader, investigative leader, all‐for‐one leader, trusted the leader, methodical leader, visionary leader, implementation leader, observant leader, innovative leader and follower‐centric leader. The second way is to brand aggressively. To develop a knowledge‐sharing culture, there is a need for consistent messaging- a formal and pervasive communications push and reinforcement of desired behaviors through rewards and recognition. The third and last way is to make it fun. It can be done by making Knowledge Management tools and approaches engaging, using humor, introducing friendly competition, enabling two‐way interaction and seeking inspiration elsewhere.

This book explores the knowledge management value proposition for any organization, provides proven strategies and approaches to make it work, shares how to measure knowledge management’s impact and illustrates high-level knowledge sharing with excellent case studies.

THE BIG THREE – KEY POINTS
Keypoint #1: Lead by example. Knowledge management is a cultural shift for the organization, so it’s required for the leaders to go above and beyond in their support.

Keypoint #2: Knowledge management is not a new catchy phrase, it is the edge on which organizations of all types, for-profit and non-for-profit, will be competing within the new knowledge economy.

Keypoint #3: Brand aggressively and make it fun. Besides leaders in the organization actively carrying the banner of knowledge management, there is a need to make it stick.  Influencing an established culture will require every staff member to embrace it.

One Last Thing
“Knowledge has to be improved, challenged and increased constantly, or it vanishes.” Peter Drucker

The Lean Startup

February 10, 2019 /0 Comments/in , , , /by

This book conveys the concept of validated learning (trying out new ideas and measuring its effect on potential customers to ascertain its effectiveness) and build-measure-learn feedback loop. It introduces a systematic approach to measure the progress of a project at startup. A start-up has its vision that employs a strategy such as product roadmap, business model, view of partners, competitors and customers. The result of the strategy used is the product. Strategy changes occasionally, product changes continuously while vision rarely changes.

A startup is designed to create a new product under uncertain conditions. Successes from these scenarios come from constant experimentation and learning from experts experience. A lot of learning is involved in the startup process and the most important thing is to figure out validated learning. The goal is to learn and know what the customers want and discard everything else.

 

As a startup, do not delay charging your customers as many startups do. Eric affirms starting with a low-quality prototype, charging customers from start date and using low volume revenue target for accountability.

One of the cores of Lean Startup model is the Build-Measure-Learn loop. Once an MVP is built, the goal is to make use of user feedback to iterate upon the product. After building an MVP, test the riskiest assumption first and then put it out for early adopters. Then define a baseline metric, a hypothesis to improve the metric and set out experiment targeted towards the same metric. As soon as you get the result, choose whether to persevere or pivot. Wealthfront pivoted from gaming platform/virtual stock trading to E-commerce service that offers money management by money managers.  Most entrepreneurs are afraid of failure thereby delaying the pivot. Also, due to vanity metrics and unclear success hypothesis, most entrepreneurs suffer from unnecessary regret for delaying the pivot. There are various types of pivot, some of which are customer segment Pivot, Zoom in Pivot, Customer need pivot, Business Architecture pivot, Value capture pivot amongst others. It is important to copy the essential features not just the superficial features when pivoting.

As the product grows, customers begin to patronize the product. Customers built overtime inform others about the product or end up purchasing the product again. Consequently, the product grows and achieves a product/market fit. When product/market fit happens, it leaves no room for doubt.

Likewise, as the startup grows, it has to adapt to changing customer base. Every company has to deal with four types of work. These include: launching a new product, scaling it for broad adoption, combating its commoditization by incremental improvement and maintenance of the product in the long run as part of the company’s product line. All steps are essential, but the last step can be a bit difficult for an entrepreneur.

A startup must pass through the learning stage, experiment hypothesis, build MVP, measure MVP, decide if to persevere or pivot, grow to adapt and innovate.  

The Big Three – Key Points

Key Point #1:

Measure the startup progress using the build-measure-learn feedback loop.

Key Point #2:

A startup is designed to create a new product under an uncertain condition, successes from these scenarios come from constant experimentation or learning from experts experience.

Key Point #3:

Every company has to deal with four types of work: Launching a new product, scaling it for broad adoption, combating its commoditization by incremental improvement and maintenance of the product in the long run as part of the company’s product line.

One Last Thing

“We must learn what customers really want, not what they say they want or what we think they should want.”

― Eric Ries, The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses