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Business Fiction

Posted in Business by Administrator on the October 28th, 2005

Toby Hecht taught me that businesses don’t exist. He was speaking about this from the standpoint of trying to talk to IBM. Toby says, “Try it sometime. Call and ask to talk to IBM.” While I recognized this as profound at the time, it took me a while to figure out where I was going to apply this insight. Where could I have this thinking show up more powerfully for me?

Ultimately something occurred to me. I noticed people were speaking to me about situations they were in or situations that they were trying to produce (such as getting an appointment for a sales call) and they would say, “I had a sales call at IBM today” or “IBM isn’t interested in our product right now” (I’m just using IBM as an example). And I realized how ineffective this speaking can be. It’s not very rigorous nor professional because–as Mr. Hecht had pointed out–IBM doesn’t exist!

I would have to ask, who did you meet with at IBM? Who isn’t interested in our product right now? If we began talking about the people involved, focusing on them, our conversations would be a lot more effective. From this insight I resolved never to speak like that except when doing so thoughtfully. Similarly, I’m going to encourage the people that I’m working with to do the same.

Now that you’ve read this post you may begin to notice people speaking about interacting with things that don’t exist. Most importantly, you may find yourself speaking this way. Depending on how you want to show up in business you may want to catch yourself and correct it. We can’t sell to, coordinate, cooperate, communicate, partner, team or do anything with something that doesn’t exist. We do these things with people.

Slam Dunk

Posted in Business by Administrator on the October 27th, 2005
OK, business is not a slam dunk, but don’t you wish it was? I couldn’t resist using this for the title of this post. I learned about William Dunk through an interview he did with the Ubiquity publication from the ACM. You can find it here

One of the most important things I’ve learned about business is that it’s not as important to have the answers as it is to always be asking yourself the right questions. William Dunk Partners advises CEOs on their strategies and on his website shares “some of the questions we always have to ask”:

a. Can we state the strategy simply in fifteen words or less?

b. What kinds of people will we need to put the strategy in place?

c. Will the strategy truly grow the company? For years, strategists and consultants have focused much too much on reducing costs, not increasing revenues.

d. Does the strategy figure out what alliances will create enough leverage for us to achieve superior performance?

e. Does the strategy swim upstream against the prevailing tide? The real money will be made by finding a way of not doing things the way they are today.

f. Will the strategy remedy some big hole in the economy? Will lives really be different if the strategy gets implemented?

g. Does the strategy look for niches where there’s no competition?

Questions like these are helpful in triggering my thinking, particularly when coming from accomplished business practitioners. Increasingly, I’ll collect and keep questions from accomplished people more than settling on any particular answers. As the world changes, I find the answers less valuable than the fundamental questions.

The Future of Work In A Changing World

Posted in Uncategorized by Administrator on the October 27th, 2005

Charles Handy is Visiting Professor at the London Business School, writer, and broadcaster. Those of us who are continuing to develop our Reading The World skills will note that in this interview Handy cites economics, demographics, and technology as the forces of change ending what he calls “the employee society”.

You’ll want to read this interview if you want to know more about these claims:

- Organizations are changing, with three types emerging in the future.

- “Leadership” is beginning to replace “management”.

- Education for tomorrow will go on all the time.

- People will have to learn the skills of selling.

Danger Signs

Posted in Uncategorized by Administrator on the October 23rd, 2005

In Into Thin Air author John Krakauer recounts an ill-fated expedition on Mt. Everest in which 4 out of the 6 climbers died. One of the tales of that disaster includes the story of an airplane pilot who had reached Everest’s summit earlier that day. He later told Krackauer that he had recognized dangerous cloud formations and saw the early signs of an impending storm that would claim the lives of 4 climbers. Krackauer recalls “…he told me that he recognized these innocent-looking puffs of water vapor to be the crowns of robust thunderheads immediately after reaching the top. ‘When you see a thunderhead in an airplane,’ he explained, ‘your first reaction is to get the f**k out of there. So that’s what I did.’ ”

This story has haunted me since I first read it several years ago, not just because of the disaster itself, but as a potential business lesson. This airplane pilot was a unique observer. He saw imminent danger when others only saw “innocent-looking puffs of water vapor”. This story has spurred me to ask, What are the equivalent warning signs for a business disaster? Would I recognize them and more importantly would I recognize them in time to get out? I’ll share some danger signs I’ve experienced in future posts. What are your danger signs?