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Entries in development (7)

Friday
Mar202015

The half-life of technical knowledge

That thing you just learned about or acquired mastery of - it could be a piece of electronics or a programming language or a new HR or Talent Management system, or anything really - about how long would you estimate is the useful life of that newly acquired knowledge or expertise?

One estimate,published in 1997, from the mathematician and engineer Richard Hamming suggests the half-life of technical knowledge is about 15 years. Since Hamming's conclusion was reached more than 15 years ago, the theory itself, as well as our own practical experience with the modern world, seems to indicate the 15 year useful life of specific technical knowledge is probably even shorter. It could be 10 years, it could be even fewer. You still (mostly) remember things, but as time passes the value of what you remember continues to diminish.

Think about the device that passed for what you called a smartphone in 2005. Remember how that thing worked? And even if you do, does that specific knowledge help you much today? Or how about the expertise you developed to help you navigate through that archaic HR and Payroll system your company used a decade ago. Any of that training and learning paying off these days?

While it is no great bit of insight to conclude that technology is progressing more rapidly than even in the recent past, the question that results from that conclusion, just how can you attempt to stay relevant and knowledgeable in such a fast-moving environment is the important matter. How can or should you go about becoming more accustomed to learning all of the time, since as much as half of the knowledge we have already acquired becomes obsolete, in a kind of continuous cycle of degradation?

Well, our pal Hamming had some really good ideas about that, and they have been synthesized and summarized in this excellent piece Ten Simple Rules for Lifelong Learning, According to Hamming, on the PLOS Computational Biology site. (Please don't ask me what I was doing on a Computational Biology site).

You should really read the entire piece, it is not that long, you have time, but since I know you won't I will highlight the one 'rule' that stood out for me the most, especially since it sort of contradicts a currently popular idea that we should be open to and embrace failure.

Take a look at an excerpt Rule 6, Learn From the Successes of Others:

As Hamming says, because “there are so many ways of being wrong and so few of being right, studying successes is more efficient, and furthermore, when your turn comes you will know how to succeed rather than how to fail.” In addition, he notes that “vicarious learning from the experiences of others saves making errors yourself.

The best part of that observation is just recognizing the almost infinite number of ways to fail and the extremely rare ways to succeed or to be 'right'. Maybe we have gotten too caught up in the 'embrace failure' cult since it is just easier to spot and experience failure in ourselves and in others than it is to attain success. Learning from success, even other's success, might get you where you want to be faster than always trying to extrude the value from your own failures.

There are plenty of other great nuggets in the piece, (especially Rule 8. No Matter How Much Advice You Get and How Much Talent You Possess, It Is Still You Who Must Do the Learning and Put in the Time), so like I mentioned above if you are someone that needs to be concerned and able to keep current and proficient in today's complex world of technology the entire article is worth your time.

Have a great weekend - try to learn something new!

Monday
Mar032014

Three quick performance lessons from the Oracle of Omaha

Legendary investor and Berkshire Hathaway CEO Warren Buffet dropped his annual shareholder letter last week, and as usual it is full of insights about investing and business and offers plenty for anyone interested in better performance - of investments, organizations, or individuals to think about and learn from.

1. On taking the long view

Buffett: "Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays."

HR/Talent lesson: Like many investments, the true payoff on many talent decisions/initiatives are only realized in the fullness of time. New hires can take as long as a year to be fully productive, that big HRMS project could have an 18-month timeline, and that new recruiting blog or Facebook page you've set up is simply not going to catch in the first month. We want, or are trained to expect, a faster payoff or return on everything we do, but as Buffett reminds us, often patience will be rewarded. Probably the most difficult, and most valuable, ability for any manager is the ability to know just how long to keep pursuing a strategy and when to change course.

2. On understanding your strengths and weaknesses

Buffett: "You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences."

HR/Talent lesson: This is the classic workplace  trap of wanting to do everything yourself, followed closely by trying to staff your team with people that also think they can do everything. I am utterly convinced people are more happy, engaged, and productive simply doing the things they are good at more often than they have to attempt the things where they are not so capable. Let people build on their strengths, don't focus obsessivley on trying to push them into areas where they are not ready, or not as talented. Some folks will want to stretch and challenge themselves no doubt, but not everyone is that comfortable or that driven, and that is ok too.

3. On listening too intently to what others think

Buffett: "Forming macro opinions or listening to the macro or market predictions of others is a waste of time. Indeed, it is dangerous because it may blur your vision of the facts that are truly important. (When I hear TV commentators glibly opine on what the market will do next, I am reminded of Mickey Mantle's scathing comment: "You don't know how easy this game is until you get into that broadcasting booth.")

HR/Talent lesson: I am a pessimist or a cynic I suppose, but I remain convinced that about 75% of the people you know really don't care about your career success, 20% are actively conspiring against you to various degrees, and maybe 5% are truly in your corner. You should care about what these 5% have to say, listen to their advice, etc., and everyone else should be ignored. Completely. And if you are not sure if a particular person is really on your side or not, then you can just assume they are part of the 95% you should be ignoring and thus, ignore them as well.

Once again, really solid advice and perspective from a guy who's credentials mostly speak for themselves. Think about the medium term and long term, know what you are good at (and like to do), and don't get caught up in what the crowd thinks - most of them hate you and want you to fail anyway.

Have a great week!

Monday
Mar072011

Soft, Selfish, or Stupid

Last week in Boston the fifth annual MIT Sloan Sports Analytics Conference was held, and while sadly I was not in attendance, the excellent ESPN True Hoop blog provided an outstanding series of posts that offered summaries and commentary from the conference.Does he need more practice?

One of the True Hoop posts reviewed a panel discussion titled 'Birth to Stardom, Developing the Modern Athlete in 10,000 Hours?'. This panel was moderated by 'Outliers' author Malcolm Galdwell, famous for his '10,000 hours' theory, (the time one needs to put it to achieve mastery at any given skill), and included (among others), Steve's HR Technology favorite basketball analyst, the great Jeff Van Gundy.

The discussion centered around the modern athlete and the debate surrounding the age-old question of nature vs. nurture. Do sports stars have innate, natural ability that assures success, or are they developed due to the combination of training, early identification, and almost obsessive focus on performance? In other words, does the '10,000 hours' theory apply at the highest levels of athletics?

While in athletics, the inherent physical characteristics that place most of the top performers at an advantage can't realistically be debated (if you are only 5' 3", putting in the 10,000 hours still likely won't land you in the NBA), what is open to discussion is the relative importance in athletic achievement of 'nurture', and the necessity of supremely physically talented athletes to diligently practice, refine, and improve their skills over time. As we know, many of the games greatest stars were not necessarily the hardest workers (see Iverson, Allen in 'Talkin' About Practice').

And certainly the access to and the involvement of mentoring and coaching play a role in athletic development as well; even the most dedicated pracitioner will need guidance along the path, and coaches have to be prepared to adapt their approaches to better fit the talents and goals of the athletes.

In the end, there seemed to be agreement (perhaps obvioulsly), that for most athletes, a combination of 'nature', (raw, physical traits and ability), combined with 'nurture' (work habits, dedication, ability to accept coaching), were necessary conditions for athletes to achieve their greatest potential.  Sure, it could be argued whether the '10,000 hours' level is really relevant in athetics (often the length of time needed to put it 10,000 hours would result in a loss due to aging and injuries of some of the raw physical abilities needed to succeed), but the basic equation of Raw Talent + Hard Work = Success seems to hold.

But beyond the obvious conclusion, the great Jeff Van Gundy offered up this nugget of wisdom, observing that all players that arrive in the NBA have at least a baseline of physical ability, i.e. there are no slow, short, unathletic players, but the real differentiators were more intangible.  According to JVG professional athletes need to balance the physical with the attitudinal.

JVG's money line: “Soft, selfish or stupid. You can be one of these things, but you can’t be two.” 

Super point, and one that likely applies beyond sports as well. While we all have this idea in our minds when we are managing, leading, or recruiting for our organizations of what the 'perfect' or 'high potential' employee looks like, the reality is those 'perfect' employees and candidates are almost impossible to define and to find. But often we don't admit this, and we just keep grinding, keep sourcing to uncover that one person out there that isn't 'soft, selfish, or stupid', when in reality we could live with having two of the three characteristics, and manage around the one that is missing.

The greatest players certainly, win on all three variables, but the other 95% that make up our teams, (and almost all of us) will fall short of at least one of them. Maybe instead of holding on to a mostly unrealistic chase for a once-in-a-generation star, we build up a solid team of role players that can feed off each other, and perhaps make up for one another's shortcomings, (as well as yours).

 

Saturday
Apr102010

The Story of Garrett Jones

The Minnesota Twins have a well-deserved reputation as an organization that knows how to judge talent, to select, train, and consistently produce a steady stream of high quality players.  This organizational capability to find and develop so-called 'home-grown' talent is critical for a team like the Twins, who historically have had significantly lower salary budgets than many of their rivals like the Yankees and Red Sox.

Some of the top players that have been brought through the Twins system past American league Most Valuable Players Joe Mauer and Justin Morneau, as well as pitching great Johan Santana (now currently playing for the Mets).  By consistently making smart draft choices, having a consistent philosophical approach that is embedded throughout all levels of the organization, and by actually providing real opportunity for these home-grown players at the major league level, the Twins are contenders for the division and league title most years.  They are in a way a kind of baseball version of the NBA's Utah Jazz, my friend the HR Capitalist's favorite team.

With that background, I want to share a bit of the story of Garrett Jones, an outfielder now playing in the major league for the Pittsburgh Pirates, ( a team I took a shot at recently). Fans of the Pirates certainly, know some of Jones' story.  A player with 10-plus seasons toiling at various levels of baseball's minor league system, never really getting much of a chance to see if he had what it took to succeed in the big leagues.  In fact, Jones was in the minor leagues for so long, a little known baseball rule called the 6-year free agent rule, granted him his release from the club that owned his contract late in 2008 and allowed him to sign with the Pirates organization.

The club that 'owned' Jones for the 6-plus years?

The Twins.

One of the primary reasons Jones never got much of a chance with the Twins (about 30 games in 2007), was the presence of the star Morneau, who played the same position as Jones, as was one of the games best players. To be fair, Jones' minor league career did have some down points as well, so the Twins could also be forgiven for having some doubts about his upside.

Jones began the 2009 season once again in the minor leagues, but about halfway through the season, he was called up to the Pirates and proceeded to have an outstanding second half.  Jones hit 21 home runs and batted nearly .300.  For a perennial losing team like the Pirates, this performance was likely the highlight of the (sorry) season.  This year in the new season's first three games, Jones has already hit three home runs. 

The point of all this to me is that even organizations that pride themselves as great evaluators and developers of talent sometimes get one wrong.  Jones was plying his trade for the organization for many years, in fact for so long league rules allowed him to break away, and the Twins for whatever reason did not or could not give Jones the chance to prove himself at the highest level, helping both the team's fortunes, as well as improving Jones' career prospects. Professional sports, and the individual performance of the players themselves, are so closely monitored, scrutinized, and evaluated, that these kind of talent 'misses' are relatively rare.  Performance in sports is so measurable and public, that players possessing major league talent usually do end up in the major leagues.  Maybe Jones simply needed a change of scenery to really display his true ability, but in the end, at almost 30 years old, he is much the same player the Twins did not give much of a chance to.

Think of it, someone spends more than six years working for the organization, their performance, development, and potential on display in the most visible manner possible, and yet the organization (universally regarded as great talent evaluators) allows the player to leave, only to see him star for another team.

Maybe the Twins did not think Jones had the 'look' of a major leaguer or the talent ahead of him in the organization was clearly superior, whatever the reason his talents were not recognized.  But finally getting his chance with another team, he is turning in to a star.

I wonder if you look at the people in your organization right now, could you find similar untapped potential?

Are there people toiling away, solid performers, but not stars, maybe because they have not been given a big challenge, a lead role, or a big stage?

Will they eventually leave and hit the big time with one of your competitors?

Nah, you are a great talent evaluator, I am sure you have everyone pegged just right.

Monday
Dec282009

The Eminent Workforce

This long holiday weekend I came across the text of a speech given by Jon Iwata, SVP of Communications and Marketing from IBM at the November 4th 2009 Institute for Public Relations Distinguished Lecture Series at the Yale Club in New York City.

The full text of the speech is available at the 'points of view' Blog - here. Flickr - Tico

It is really worth the time to read the entire speech, but one theme in particular stood out for me, and that is IBM's idea of something they call the 'Eminent Workforce' and why these new capabilities will be essential for successful organizations in the future.

Iwata anticipates an environment where organizations will enlist, marshal, and support employees as product/service and brand ambassadors:

And all companies will then flood the Net with their people, in the same way we flooded the World Wide Web with websites and content a decade ago.

But simply getting more employees blogging and tweeting about your company does not actually add any real business value if these employees are not seen and recognized as trustworthy, knowledgeable, and authentic.

What do I mean by “eminence”? No matter what their industry, their profession, their discipline or their job, people with eminence are acknowledged by others as expert. It’s not simply to know a lot about Tuscan villas, digital cameras or banking. You need to be recognized as an expert. And when you show up – in person, or online; in writing, or in conversation – you are both knowledgeable and persuasive.

The challenges to organizations, and in particular the corporate communications professionals that Iwata was addressing, and I think by extension Human Resources leaders, are several:

Building the capabilities of the workforce

As Iwata accurately observes, simply setting a few policies and hoping for the best outcomes is not likely to be a successful strategy. Your organization is likely full of 'experts' in their given fields, but translating that expertise for consumption in what Iwata refers to as the 'Global Commons' will require new strategies in talent acquisition, more training, and ongoing support.  Alignment of the most critical HR foundational elements (leadership competency, performance management, development) with the brand strategies is HR's opportunity and challenge.

Ceding control of the internal message

Public forums, product review and evaluation sites, company rating sites like Glassdoor, and social networks have allowed every customer, supplier, critic, and the like to have a say about your organization, its reputation and products and services. By the end of 2009, most all marketing and communications professionals have at least recognized this, and many have devised and implemented strategies for addressing this new reality.

But most organizations still control (or attempt to control) the 'internal' messaging.  Corporate communications and marketing are the 'official' spokespeople for news and information for the organization. Most of the employees are on social networks, some blog, but very few of them are authorized as speaking for the company on any level.  Iwata advises that communications (and really HR as well) must get over the notion that only they can craft messages, produce content, and actually represent the organization.

Culture becomes brand

In this new world, where hundreds and perhaps thousands of employees are interacting online and influencing the perception of the organization, it is essential that every employee is completely grounded in the organization's values and culture. Iwata describes a branding model that moves from outward manifestations of the brand image, 'What does IBM look like', all the way to internal and cultural expressions, 'What does it mean to 'be' IBM'.  Moving across the model it becomes clear that most of the important understanding and work is really about the actions and performance of people, and not as much about clever TV ads and jingles. 

As the external consumer brand becomes more intertwined with the internal brand, or company culture, the importance of HR leaders, and the opportunity for HR to have a much more influential position in the real business outcomes of the organization dramatically increases.  According to Iwata, In many ways, the management and alignment with the external brand with the organizational culture, as well as the classic and traditional communications roles is a new organizational discipline.

I really encourage you to read the entire speech, as I read through this post I am not sure I really did it justice.

What do you think? 

Are we truly entering a world where organizations will be managing potentially the entire workforce as brand ambassadors?