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Entries in management (36)

Tuesday
Dec012015

Know what game you're playing

Three separate but sort of related stories from the worlds of music, movies, and sports that all seem to point in the same direction, even if it might not seem so at first glance. First, the background information, and then the (painfully obvious) conclusion and argument for why these things matter to 'regular' folk like you and me.

Music - Adele's '25' breaks sales records, plus Adele keeps '25' off of most music streaming services

From CNN Money:

Adele's latest and highly anticipated album '25' will not be available on music streaming services, according to an executive with knowledge of the release strategy.

The New York Times, which first reported the streaming decision on Thursday, said Adele was personally involved in making it.

Adele is one of a small number of A-list artists who can make potentially more money by foregoing sites like Spotify and Apple Music.

"Adele is an anomaly. If she decided to release her album on cassette tapes, it would still be the biggest album of the year," an industry source said.

The music label has indicated to streaming executives that "25" will stay off Spotify-like services indefinitely, but that calculation could change in the coming months.

Movies - 'Star Wars: The Force Awakens' breaks pre-sales records, plus 'Star Wars: The Force Awakens' will likely not be pre-screened for movie critics

From The Verge:

Normally when a movie studio decides not to screen a film for critics, it’s a sign of weakness. The film’s not working, so rather than let bad word of mouth hurt the opening weekend, the move is just to hide the problem from the moviegoing public as long as possible. But there’s nothing normal about the upcoming release of Star Wars: The Force Awakens, which according to recent reports isn’t screening for year-end awards consideration — and likely won’t be shown ahead of time to critics at all.

What’s being hidden this time is the movie itself — and any spoilerific twists J.J. Abrams has cooked up. In an era of oversaturation, where it’s common for nearly every major joke and reveal to be spoiled by a movie’s trailers and marketing campaign, The Force Awakens has been a cinematic anomaly, parcelling out carefully chosen nuggets of information that have generated unprecedented levels of excitement without revealing much about what audiences will be seeing next month. For fans, it’s a welcome change that’s largely kept the notorious internet spoiler machine at bay — but for studios anxious to control how every facet of how a movie is perceived in order to maximize box office and hype, it could be the new blockbuster template

Sports - 76ers Rookie Jahlil Okafor can't stay out of the news - street fights, speeding, fake ID at a bar, plus Okafor's current stats after 18 games (they're pretty good).

From philly.com

On the court, Jahlil Okafor had arguably the best start of any Eastern Conference rookie.

However, his experiences off the court have been far from stellar.

Four sources independently confirmed to The Inquirer that the 76ers center was pulled over on the Ben Franklin Bridge about three weeks ago for driving 108 m.p.h. The normal speed limit on the bridge is 45 m.p.h.

The Sixers did not deny The Inquirer's report.

Ok, three stories from three different component of pop culture, but all kind of instructive for us normals.

None of us wants the 'rules' to apply to us. Or said differently, we like to think that we are so super talented so important or so irreplaceable that the rules shouldn't apply to us. Just like they don't seem to apply to Adele and Star Wars and NBA stars like Okafor.

So how can we know if the rules, or at least most of them, should apply to us? Let's look at the above three examples for some guidance.

1. From Adele - If the value you can create with your work is so unique and so hard to duplicate, then you can control how that work is going to be shared with the world, i.e., with more favorable terms and conditions than others in your field can demand. Adele's fans will buy full albums and CDs (like we all used to), where most other musical artists have to submit to the Spotifys and Apple Musics of the world in order to get their music to the fans (who don't want to pay anything). The entire music industry has been turned on its head in the last two decades, (when was the last time you bought a CD?), but for Adele, she can play the game by the old rules still because she creates value no one else can. 

2. From Star Wars - If you have a direct line into the hearts and minds of your most important customers, and they will stick with you no matter what, like the fans of Star Wars have for the movie franchise, then you might have a case for the rules not applying to you. Star Wars does not need validation from movie critics, and if you don't need validation or approval of your work from middle management or the suits upstairs, then you have plenty of power. Gaining that kind of trust from customers is really rare and really valuable.

3. From Okafor - If you have an incredibly rare and valuable set of skills, ones that are in extremely high demand and highly limited supply, then the rules might not apply to you. The list of people that can average 18 points and 8 rebounds in the NBA is very, very short. Like about 10-15 people in the world. If you are one of those 10-15 people then things are generally going to be pretty good for you.

So should the rules apply to you, or that 'star' on your team?

Well if you can create value like Adele, connect with your source of profit like Star Wars, or possess such a unique and almost impossible to replace set of skills like Okafor, then maybe the rules should not apply.

But there are not many Adeles, Star Wars, or Okafors in this world it seems.

Monday
Mar162015

Stable, but not still

So this past Sunday morning I have to admit getting caught up in a several hour Law & Order marathon - that staple of American basic cable TV. To the unnamed friend of mine who got me hooked on these old dramas - thanks, I was probably watching too much English soccer anyway.

On one of the episodes the District Attorney dropped a fascinating line about a theory of law that he subscribed to, something along the lines that while there always will be fundamental principles that form the foundation of law, (and right and wrong), that changes in society, technology, values, etc. over time, demanded that the law be flexible and changeable over time.

This concept in law was first popularized (as far as my 8 minutes of extensive research was able to ascertain), by the American legal scholar Roscoe Pound, who said, famously, that "The law must be stable, but it must not stand still."

Pound contended that the law should adapt, slowly, to changes in society, and argued against the idea that the law should try to force or influence society to change. Pound fought the notion of a largely unchanging Common Law, a position not always in the majority then as now.

Why bring this up? 

Because the Pound maxim, "The law must be stable, but it must not stand still" could just as easily apply to most of what we do in HR and talent management and in trying to lead in organizations today. It is really easy and fun and less restrictive to talk only about radical change and disruption and need to move 1,000 MPH in modern business, but the truth is very few organizations are architected to operate in that manner, and even the ones that do probably fail as often as not.

Pound's take, that have a stable, (Note - 'stable' is not the same as 'rigid'), while simultaneously understanding the need to change, to evolve, to in his words, to not 'stand still', is about the most practical advice for the vast majority of organizations and settings today.

Stable, but not still. I dig that. Nice, shot Roscoe.

Now, back to the last hour of the Law & Order marathon...

Have a great week!

Thursday
Mar052015

Grumpy, Chill, Hip, or Out-of-touch - Some new dimensions for your 9-box grid

The classic talent evaluation/assessment/review/calibration process usually looks to position everyone in the group of interest (managers, members of a specific department, everyone having the same type of role), on a 9-box grid that uses 'Performance' and  Potential' as its axes.

If you have been in the talent management game for more than say 6 months, you are no doubt familiar with the process of reviewing, assigning, and then taking actions based on where individuals fall on the 9-box. High performer with high potential to advance? Make sure he/she is being given challenging assignments, is being rewarded well, and knows you recognize their value and they have a bright future if they keep up their great work. Low performance and low potential? Maybe it is time to have a frank conversation about whether they remain a good fit in the organization, at least in their current role.

But 'Performance' and 'Potential' are not the only ways or measurements by which to assess and rank a group of employees. In fact, these measurements might not even be the best way to assess a group. Click for a larger version

Take a look at the chart to the right, (courtesy of NBA.com) - a 9-box-like (I know it only has 4 boxes, lay off), that plots the current set of 30 NBA head coaches using 'Grumpy <---> Chill' on the horizontal axis, and 'Hip <---> Out of Touch' on the vertical.

How does one go about assessing Grumpy vs. Chill, or Hip vs. Out of Touch?

Well, here is how the NBA.com piece explains the distinctions?

Grumpy-Chill -- Does the coach seem like a generally cheerful person? Then he's going to be more on the chill side. If he's cantankerous, he's going to be on the grumpy side. This one is pretty self-evident.

Out of Touch-Hip -- This is a little more confusing, since it incorporates coaching strategies, how they relate to players and a wealth of other things. If the coach runs an outdated offense that shuns threes and emphasizes long twos, he's going to end up on the out of touch side. If he can't seem to reach his players, that's also out of touch. But if he's running a "key and three" offense or really understands how to deal with today's players, he'll be on the hip side.

It wouldn't be that hard to make a couple of minor tweaks to the axes and dimensions on the NBA coaches 4-box in order to make it relevant to just about any kind of organization, and in particular, its managers. Grumpy and Chill are pretty much universal concepts no matter what the industry. And grumpy doesn't necessarily equate to 'bad', depending on the context. As for Hip and Out of Touch, this is also a pretty universal continuum. Instead of assessing managers on basketball concepts, just replace them with your organization's version of what constitutes 'hip'. It could be new ways of organizing teams, adoption of new technology, acceptance of variable work styles and preferences - you get the idea. Like most organizations want some kind of a blend of folks on the traditional 9-box, so to you'd likely want at least some Grumpy leaders and maybe a couple that are 'Out-of-touch', as they probably help to remind everyone that 'new' is not always 'better'.

I love the idea of using different, (and hopefully valuable), lenses through which to look at the world. Performance and Potential are good, and have a place in talent evaluation certainly. But they are not the only two dimensions that can be useful in describing people, and they definitely might not be the best ones. 

In fact, if I was a front-line worker thinking about joining an organization, or choosing my next assignment, I would be much more interested in where my new manager sits on the Grumpy/Chill/Hip/Out-of-touch matrix than on some Performance Vs. Potential grid.

I actually am not thinking about where I would self-assess on the 'Grumpy/Hip' matrix.

Definitely more on the Grumpy side.  But I swear I am pretty hip...

Thursday
Feb122015

Good stats, bad team

I am still basking in the limelight from yesterday's launch of The 8 Man Rotation: The 2014 Season E-book, (if you missed the launch announcement, you can check it here), so I knew I had to drop in some kind of a sport-related take as a follow-up.

There is a phenomenon in sports, most notably in NBA basketball, knows as 'Good Stats, Bad Team', which referred to the sometimes over-inflated to the positive personal statistics, (points, rebounds, etc.), that some players accrue largely by virtue of playing for a bad, losing team.World B. Free

The explanation for this situation is pretty sound and understandable. Even the worst NBA teams are likely to generate near 100 total points and 45 - 50 total rebounds, even while losing. And someone on the team has to take shots, score points, grab rebounds, etc. So often a good player, playing on one of these bad teams, can look statistically to be almost a great player just by looking at their stats. He might get 5 or 6 more points per game and 3 or 4 more rebounds than if he were on a more competitive team, and surrounded by more talented teammates. This might not seem like that big a deal, but even small increases in points and rebounds are a big deal in the NBA - they translate to more valuable contracts, possible All Star game appearances, and recognition as an 'elite' player amongst fans and peers.

So NBA team management has to be careful when dealing with these kinds of 'Good Stats, Bad Team' players, and attempt to quantify the impact on their performance when considering adding such a player to an already good team. You can take a look at Kevin Love of the Cleveland Cavaliers for a current example - since moving from the perennial bad Minnesota Timberwolves to the LeBron James-led Cavs this season, Love's numbers are down across the board, and has struggled at times fitting in to a team where he is no longer the best player.

The 'Good Stas, Bad Team' concept was on my mind not just from watching another 4 hours of basketball last night, but from this piece, highlights of a recent interview of Twitter CEO Dick Costolo, where Costolo warned leaders of sort of the opposite of 'Good Stas, Bad Team', i.e. poaching managerial talent from already successful companies. 

Here is Costolo's take:

Twitter CEO Dick Costolo just finished speaking at the Goldman Sachs technology conference in San Francisco, and he said that he's spending a lot of time instilling proper management practices into his leadership team.

It's particularly important because a lot of these employees are young, and have only had one other job. They sometimes think that just because something worked well at their previous company, it will work well at Twitter.

Not so.

As Costolo put it, "It might have just been that company X was making an extraordinary amount of money and you could've done anything."

Did you catch that? 

It is the reverse take on 'Good Stats, Bad Team'. In this context it could be called 'Average Manager, Great Team', maybe.

Costolo warns us that when hiring talent out of great, successful companies that we need to be a little careful that maybe some portion, maybe a large portion, of the individual's success was due to the great company/team of which they were a part. Maybe in that context, anyone could have been successful in the role. And finally, it reminds us to at least consider what might happen when taking an individual out of that successful context and placing them into a new, (and possibly less successful, less talented context), might mean for their performance.

It is a pretty interesting concept, and probably worth keeping in mind if you have convinced yourself that you only want to recruit from Apple, Google, (insert the name of the best company in your industry).

Happy Thursday.

Monday
Jan262015

Sprinkles are for winners

Over the weekend during an extended period of extensive reading and research that keeps this blog full of interesting and provocative content, (I was mostly watching basketball on TV), I ran into this little beauty (video embedded below, email and RSS subscribers will need to click though), one of the latest in the long-running series of 'Flo' spots from Progressive Insurance. Watch the quick 30-second spot then some FREE comments from your humble correspondent.
I, like you too probably, was just about done with Flo, she has been seemingly telling us about how fantastic discount auto insurance can be for literally YEARS.

 

But with this little bit of wisdom, 'Spinkles are for winners', she is all the way back on Steve's 'approved' list.

 

Why is this spot perfect, and relevant too?
Because it reminds us that in life, sports, business, sales - whatever, that losing is sometimes the inevitable outcome. Sometimes the other guy/company/product/candidate is bringing is simply better than what you have to offer. And sometimes you just have to accept that.

 

But, and here is the key, you don't get a complete pass, or a do-over, even if the other guy really is better. You get an acknowledgement, sure, (if you are lucky), but you don't get many more chances probably, and you definitely don't get a prize.

 

You have to figure out a way to win, eventually, even when no one blames you for losing. 

 

Sprinkles are for winners, Jimmy.

 

Have a geat week!
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