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Showing posts with label Leadership. Show all posts
Showing posts with label Leadership. Show all posts

Management By Weekly Check-In Is the New 'Wandering Around'

Management By Weekly Check-In Is the New 'Wandering Around'

Management By Wandering Around (MBWA) sounds like a distraction, something for team leads who are either lazy or confused. But it’s a process that has helped some of the world’s largest and most successful companies. MBWA managers walk around the workplace to check in with employees, check on the status of equipment and to be more present and available. For example, Steve Jobs would often move about at Apple, responding to customer emails or initiating customer calls. The practice seems to have worked out quite well for the tech giant.
Often attributed to Hewlett-Packard founder David Packard’s practice during the 1940s, MBWA was put into more widespread use at HP in the '70s. The expected benefit is that a manager, by random samplingof events or employee discussions, is more likely to improve alignment, morale, productivity and other business outcomes. Compare this with having an open door policy and expecting brave employees to show up with questions or status reports in hand. That is often intimidating for employees even in the most open and transparent cultures.
MBWA is meant to be random, but not aimless -- with managers taking a closer look at everything from the environment, company hardware, or employee productivity. When management presence is not random and employees know that they are being watched, this influences their behavior. Announcing that the boss is making her rounds on the floor today might cause people to work harder than normal, or perhaps even have them make mistakes due to the added pressure. MBWA is meant to be unplanned so that managers can observe work in its natural state and have the greatest impact.

The new workplace.

Today things have changed. According to the U.S. Department of Labor, over the past five years there has been a 50 percent increase in companies that have the majority of their teams working remotely. Many are predicting that the telework trend will continue as technology makes it easier and employee demand for flexibility increases. Managers in many industries are unlikely to have physical access to employees, many of whom telework. Sometimes the managers themselves are thousands of miles from their teams.
In the not-so-new millennium, effective managers are shifting into what I am calling #MBWC (Management By Weekly Check-in). They are using different technologies like employee surveys, employee feedback software, or email -- for those who like managing employee performance in the most inefficient way possible.
Unlike MBWA, this practice is not meant to be spontaneous. In fact, a regular cadence is recommended for maximum results. When managers ask certain core questions repeatedly -- like those dealing with goals and objectives -- they can track progress and help influence it.
What is not spontaneous is changing up some of the questions depending on what managers are trying to achieve. For example, managers can ask the same weekly questions around employee accomplishments, but change other questions periodically to drive higher morale, maintain a strong culture or influence other outcomes.

Best practices for checking-in.

There are some dangers to checking-in with employees either virtually or in the physical workplace. According to this Economist article,MBWA often arouses suspicion from employees who see it as an excuse for managers to spy and interfere unnecessarily. The key here is to have this be an ongoing practice where management is transparent about the outcomes.
I’ve found this to be true with digital check-ins. Collecting employee feedback is effective but to encourage trust and candor, managers have to respond to feedback with their words and actions. There are three levels here:
  1. Acknowledge the employee for their candor.
  2. Respond and create a conversation around the feedback.
  3. Let each employee know that you will take action (if that is most prudent) and keep them updated on progress.
In Tom Peters’s, "A Passion for Excellence," MBWA is described as the “technology of the obvious”. It is founded upon listening to what people are saying, transmitting the company's values, and stepping in with support when needed.
Employee feedback software platforms are the newest “technology of the obvious”. Effective managers are curious about what employees are working on, their levels of inspiration or frustration, and their innovative ideas for the product or company processes.  A weekly check-in lets them ask questions like these:
  1. How are you feeling, what’s the morale around you?
  2. Which company value would you like to have a new high mark in? (as in, which do you feel you aren’t living to its potential?)    
  3. Anything in your work world that’s less than stellar/causing frustration or delays?
Nothing can replace regular face to face contact, and every manager should check-in personally as often as possible. In a marketplace where the growing trend is to work or manage remotely, the best alternative for facetime is Management By Weekly Check-in.

How Successful CEOs Make the Jump From Industry to Industry

How Successful CEOs Make the Jump From Industry to Industry

The fundamental competencies that determine a successful chief executive officer generally hold true from industry to industry. This is not to say that a CEO at a SaaS startup can transform immediately into the role of a CEO at a banking institution, but at the core, running a successful enterprise requires a basic foundation which business leaders must possess. These core competencies generally allow for successful CEOs to pivot from one industry to another.

Vision.

The most successful CEOs have maintained a careful balance between vision and operational details. Jack Welch, the former chairman and CEO of General Electric between 1981 and 2001 said, “Genuine leadership comes from the quality of your vision and your ability to spark others to extraordinary performances.” A highly successful leader must be a constant source of inspiration. The ability to inspire and execute is the signal virtue of a successful CEO.

Financial acumen.

According to a Forbes article “The Path to Becoming a Fortune 500 CEO” by Jeffrey Sanders, Vice Chairman and Managing Partner of the North American CEO Practice for Heidrick & Struggles, “about 30 percent of Fortune 500 CEOs spent the first few years of their careers developing a strong foundation in finance.” A leader needs to be a visionary who drives creative ideas to the forefront of business, but if that drive is not supported by strong financial competencies, the vision may never come to reality. A strong CEO needs to fully comprehend financial modeling and budgeting along with being completely comfortable with those analytics to raise capital and execute strategies to produce an attractive return on investment.

Entrepreneurship.

With the advent of crowdfunding and cross-industry venture capitalism, we work in an environment where starting a business is generally no longer a once-in-a-lifetime opportunity. Financial engineering and entrepreneurial business constructs are the primary creative forces in a constantly evolving economy. Those who start their own businesses understand the struggle that comes with transformational leadership. Successful CEOs bridge thought to action!

Staying ahead.

The best leaders have a fundamental understanding of current events. An article by Business Insider cites the morning routines of twelve influential leaders, including Gary Vaynerchuk, cofounder and CEO of VaynerMedia, who “plans his mornings down to the minute…first thing, he catches up on, the news.” Many CEOs stay abreast of news, current events, and technology, as well as the landscape of their individual industries whether they be finance, politics, education...

Trustworthiness.

Perhaps the most important attribute that highly successful CEO’s share is their ability to lead a company with honesty, transparency and consistency -- which leads to the creation of a culture of trust. With so many executives in business for the wrong reasons, trustworthiness is critically important. In order to be perceived as trustworthy, CEOs must demonstrate consistency in their leadership.

Value-driven.

A CEO can pivot from one industry to another by understanding the long-term benefits of a value-driven approach to business. CEO decisions are based on considering the impact of that decision on the organization over an extended period of time. Will decisions made to meet challenges in the short-term ultimately uphold the overall values of the company? Will they align with its mission statement, its dedication to the client, and the judgment of the board of directors? CEOs keep the culture of trust intact by intelligently staying a course of providing value to the organization. Successful CEOs create an environment that embraces a philosophy of value over the long term.
 

Conclusion.

A breadth of operational experience and business judgment is critical in building transferable skills that carry leaders from venture to venture and win to win. Successful CEOs generally have leadership qualities that span multiple industries: vision, financial acumen, trustworthiness and values are key among them. When making a career pivot, it’s up to the executive to transfer these core strengths to the new endeavor.

Muhammad Ali's Greatest Quotes of All Time

Muhammad Ali's Greatest Quotes of All Time

Muhammad Ali didn’t just float like a butterfly and sting like a bee, he also lost 3 and a half prime years of his career while fighting the draft as doggedly as he did Sonny Liston. He controversially converted to Islam at a time when most Americans didn’t even know what that was (but they knew they didn’t like it) and even raised the roof by way of talking a suicidal jumper off of one.
The man did a lot. With his fists and with his mouth. Born as Cassius Clay, his mesmerizing ability to fight with wars with his words could best be described as flow years before hip hop was even a thing. And his talent was so titanic that, well, Titanic up and plagiarized the self-described “king of the world”.  Hell, the real life super hero even negotiated the release of American hostages in Iraq!
Last night Ali passed away due to respiratory issues, surrounded by family at a Phoenix area hospital, at the age of 74. Here are some of the most memorable words spoken and shouted by this incredible fighter and activist. RIP, GOAT.

 

On Achieving Greatness

“If they can make penicillin out of moldy bread, they can sure make something out of you.”

On Aging

“A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.”

 

On Fortitude

“It isn’t the mountains ahead to climb that wear you out; it’s the pebble in your shoe.”

On Preparation

“If my mind can conceive it, and my heart can believe it—then I can achieve it.”

On Golf

"I'm the best. I just haven't played yet."

On Regret

"Turning my back on Malcolm X was one of the mistakes I regret most in my life. I wish I'd been able to tell Malcolm I was sorry."

On Race

“The Nation Of Islam taught that white people are devils. I don’t believe that now; in fact, I never really believed that.”

On Being Humble

“At home I am a nice guy: but I don’t want the world to know. Humble people, I’ve found, don’t get very far.”

On His Achievements

“I’ve wrestled with alligators; I’ve tussled with a whale; I done handcuffed lightning; and throw thunder in jail.”

On Victory

“The will must be stronger than the skill.”

On Payback

“You kill my dog, you better hide your cat."

On Dreams

"If you even dream of beating me you'd better wake up and apologize.”

The One Page Project Manager for IT Projects Communicate and Manage Any Project With A Single Sheet of Paper

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Clark A. Campbell, author of a best-selling book on project management, has written a project management guide specifically for IT professionals who want to save time and work more efficiently. The One Page Project Manager for IT Projects:Communicate and Manage Any Project With A Single Sheet of Paper presents you with a winning formula for managing your complex IT projects using minimal resources. Coverage of vital topics like working with outside consultants, ERP project management, and ISO 9000 will be of special interest to IT managers and CIOs.