Sunday, February 28, 2010
Virgin - Sir RIchard Branson - Live
The keynote speaker yesterday was Richard Branson. More impressive stats - 250 companies. Has never let one fail because reputation is everything. He is the branding king. He understands consumer behavior and branding.
He comes across as humble, real and "normal". I even saw him jogging along the beach after the session.
He used his Dyslexia and ADD to his advantage.
The big take away I got from his session was I should delegate more. He spends 4-8 weeks immersing himself in a business then he hires a leader and lets that person run it.
I had just read his autobiography - Losing My Virginity (thanks to Russ Salo - GPS to go). The book elaborated more on his struggles to get Virgin Atlantic up and running in the face of unethical competitive practices by British Airways. And the cash crisis of his early business that lead to him selling Virgin Music. He is now worth $2.5B according to Forbes so he did manage to do fine anyways.
He did speak of the responsibility of wealth. He also spoke of the value of being a good listener.
Wednesday, February 24, 2010
Success Habits and Why we do Time Management
I am always perplexed when I hear someone say they are not interested in Time Management. The reasons they cite usually has to do with the fact that they do not want to work that hard and are more interest in having fun, relaxing, or having leisure.
If this is truly the case, then they have missed the whole point in Time Management. Many of the efficiency tips (and management has more to do with efficiency than anything) allow people to be more productive and get more done.
It seems to me if someone were interested in spending more time on leisure, relaxing or anything else, they would want to get through their other tasks and chores in an efficient manner so they can go on about relaxing better.
I know I tend to be fairly driven and perhaps that sends the wrong message to people who think that if they start some time management tricks they will just start working too hard.
Time management is not about working harder, it’s all about working smarter so you can do what you actually want to do.
My success habits of the day are:
1. Do the worst thing first thing. I choose to do this both first thing in the morning and first thing after lunch. This has been the best thing for getting items off my plate, breaking through procrastination and not having the stress of having things hang over me.
2. Know you goals and link the action items to your goals. If something is not important enough to be on your goals, should you really be doing it?
3. Leave the room a little bit neater than you left it. I don't spending a lot of time cleaning out my car or any other room for that matter and the simple habit of leaving the room a little neater than I came into it allows me to keep the clutter and the paper a little bit neater (of course sometimes I have to go in and out of a room a few times to get things neat).
4. Be healthy. In reality this one is because a lot of time management has to do with energy, not so much time and being healthy gives you energy. If you are not healthy it sure creates a huge elephant in the room that needs to be dealt with first.
Good luck on your time management.
Friday, February 19, 2010
Business Book Review - Contagious Leadership
I love the concept of contagious leadership and I figure even if someone doesn't deliberately go about trying to be contagious, the leader definitely will be. I have seen in organizations where the leaders is slow and lack a customer service ethic and this tends to permeate throughout the organization. I've also seen cases where the leader is quick, responsive, has a high work ethic and that tends to also translate through the organization.
The gist of Hersey's message is that by deliberately trying to be contagious, the leader can multiply their efforts. The book has a number of practical ideas on how to do this.
2. Vibrant Communication (Communication is always a big deal in any organization)
Thursday, February 18, 2010
Purity Products
Wednesday, February 17, 2010
Why Time Management
If this is truly the case, then they’ve missed the whole point in Time Management. Many of the efficiency tips (and management has more to do with efficiency than anything) allow people to be more productive and get more done.
It seems to me if someone were interested in spending more time on leisure, relaxing or anything else, they’d want to get through their other tasks and chores in an efficient manner so they can go on about relaxing better.
I know I tend to be fairly driven and perhaps that sends the wrong message to people who think that if they start some time management tricks they’ll just start working too hard.
Time management is not about working harder, it’s all about working smarter.
My success habits of the day are:
1. Do the worst thing first thing. I choose to do this both first thing in the morning and first thing after lunch. This has been the best thing for getting items off my plate, breaking through procrastination and not having the stress of having things hang over me.
2. Know you goals and link the action items to your goals. If something is not important enough to be on your goals, should you really be doing it?
3. Leave the room a little bit neater than you left it. I don't spending a lot of time cleaning out my car or any other room for that matter and the simple habit of leaving the room a little neater than I came into it allows me to keep the clutter and the paper a little bit neater (of course sometimes I have to go in and out of a room a few times to get things neat).
4. Be healthy. In reality this one is because a lot of time management has to do with energy, not so much time and being healthy gives you energy and if you're not healthy it sure creates a huge elephant in the room that needs to be dealt with first.
Good luck on your time management.
Lead Your Boss
As most of my readers know, I did not really have a boss (unless you count the Board of Directors) for most of my working career. Then for five years I worked for Synnex, although I was CEO of the Canadian entity, I did have a direct reporting relationship to the CEO in the States.
At some point I may again have a boss.
The title itself makes me think, how do you manage up. After I sold my business to Synnex for the first six months I was depressed thinking it was the worst mistake I had ever made, mostly because I hadn't learned how to manage up. A good friend of mine took me aside when I was complaining about not being able to do what needed to be done and said that I needed to treat it like a sale.
That switch in my head, that reframing caused me to love the five years that I worked at Synnex. They were challenging but I viewed my job as simply selling head office to do the right thing and for some reason I don't get depressed when I don't make a sale, I simply go out and figure out what is a better way to make the sale.
From the book: “Leading up requires great courage and determination, writes Michael Useem, a professor at the Wharton School at the University of Pennsylvania and author of an eponymously named book that popularized the concept. “We might fear how your superior will respond, we might doubt our right to lead up, but we all carry a responsibility to do what we can when it will make a difference.”
Individuals who lead up are those who demonstrate that they are aware of the bigger picture and are ready, willing, and able to do what needs to be done for the good of the team.”
He suggests in order to do well you need to think like a boss. I guess because I've always been a boss that doesn't take much. His suggestions are to be around, be seen, and be curious.
The obvious is ask what you can do to help.
I found my time at Synnex was made somewhat easier by me doing a weekly report and I turned this into a process I call rollup weekly reports. I would have the people who reported to me do a weekly report, then cut and paste snippets of things I thought should be known by California into a weekly report. Also as my week progressed, if I thought there was something relevant they might not have heard or seen that I would simply put it in a file. When it came time to do my weekly report, I could fairly easily generate it. The weekly report of course always had some of my opinions of what was happening, which was one way for me to subtly sell my points.
Over time, I've modified the weekly report to even include things like having 3 or 4 organizational goals and asking everyone when they do the weekly report to report what they've done on these goals. This is a great way to get a company focused.
Another line which I like to add is what do you need from me. The reason for adding this in, is it makes sure I'm not the stumbling block, although no one can use waiting for something from me as an excuse.
With so many books written about leaders, I'm surprised there aren't more written about how to be a good follower leader (or a good senior person on the team), because there's many more of those positions than there are of the true leaders.
If I ever take another position where I have a boss, I will simply treat it as an additional challenge to the job. And I will study it.
Friday, February 12, 2010
Green Recovery
- Get lean by revving up your energy and resource efficiency to survive the downturn.
- Get smart by using environmental data about products and value chains to save money, innovate, and generate competitive advantage.
- Get creative and rejuvenate your innovation efforts by asking heretical questions such as "Can we run our business with no fossil fuels?"
- Get your people engaged and excited by asking employees to solve their own, the company's, and even the world's environmental challenges.
- Replacing ordinary incandescent bulbs with energy efficient lights, etc.
- Shut off your technology (computers can draw a lot of power). I toured a company called Chromis Fiberoptic in Connecticut Monday that makes plastic fiber optic cables. Very interesting company with potentially disruptive technology but that is another story. One advantage of fiber over copper is it uses less than 1/10 of the energy which in a datacenter environment results in huge savings because you not only save on the power in the first place, but you save on the power to cool it.
- Fill the trucks, drive fewer miles, redesign distribution.
- Travel less - telecommute and teleconference. I had spoken earlier about one of the companies I invested in called Calliflower , teleconferencing / WebEx software.
Thursday, February 11, 2010
I am a Busy-holic
Tuesday, February 9, 2010
Top 10 Distinctions Between Millionaires and the Middle Class
The book is so bang on I could have written most of it myself. It espouses many of the same principles that I've said repeatedly on this blog.
One of the distinctions is Millionaires think long term. I've blogged about the value of long term thinking in my Secrets of Self Discipline post.
Millionaires embraces change and of course I've often said that change is opportunity and one of my mantras is change change change, embrace change, welcome change, make change, create change.
Millionaires take calculated risks. One of my favorite sayings is Fail Often. Fail Fast. Fail Cheap. Clearly I wouldn't be an entrepreneur if I didn't take risks.
Millionaires are constant learners. One of my repeated refrains is I love to learn and I am a constant learner.
Millionaires ask themselves empowering questions. I've longed believed that there is great power in the questions we ask.
The book is fast, easy to read and highly recommended for anyone who is trying to get on the right track.
The book inspired me to write the How To Become a Millionaire - 8 Truths article on ezine.com on how to become a millionaire and although I used most of his ideas, I added or modified some.
I also read some of his other books. From those books, I can see that he is a good person (the only reason for saying that is I believe the pursuit of money itself is a very hollow goal and anyone who simply pursues that will not be successful, they have to be a fundamental good person)
His other books include:
The Top 10 Distinctions Between Entrepreneurs and Employees
The Top 10 Distinctions Between Winners and Whiners
The Top 10 Distinctions Between Dream Fulfillers and Dream Killers
The Top 10 Distinctions Between Relationship and Religion
All of the books are short, easy, fast reads and similar in style to John C. Maxwell and as you can see by the titles, they're all along a similar theme.
Wednesday, February 3, 2010
The AMA Handbook of Leadership
The book has five parts.
The articles are thoughtful, well chosen, well edited and for the most part interesting and thoughtful.
There was an article by R. Roosevelt Thomas Jr. on Leadership and Diversity which tied into the book review I recently did on The Loudest Duck. The gist of the article is similar to the book, diversity is good business and its the role of leadership to make sure that diversity is embraced.
There was an article on Asian and Western Executive lifestyles. This was of high interest to me since I have done a lot of business in Asia and since I am in the computer industry. This has been something that I have studied and any leader of a global business should understand different executive styles in different cultures.
There's an article by Marshall Goldsmith - Passing the Baton : Developing Your Successor. One of the toughest things for a leader to do is prepare to move on from an organization. I've done a lot of thinking about that lately since some people have talked to me about how SYNNEX has changed since I've left. I've come to the conclusion that when leadership leaves an organization, some of the leader remains on in the culture and some of it changes.
The article is a good reminder that succession plans do need to be done. I know for many leaders, this goes against their sense of immortality.
There are other articles on leadership, change, how to be an effective leader and situational intelligence.
I liked the short article format because I could read one article in its entirety in a few minutes and then come back and read another one. One Time Management Success Habit I use is keeping reading readily accessible for any spare minutes I might have. This book is perfect for that - sort of like a magazine.