Posted by Evan Smith on Mon, Mar 23, 2009
IN a recent post (21 March 2009) in the New York Times, Thomas Friedman writes about his concern that we don't have any "adults in charge" - and that as a result, "politics worse than usual" prevail.
Mr. Friedman said, "Inspiring conduct has so much more of an impact than coercing it." ...
He goes on in one paragraph to quote Dov Seidman, CEO of LRN, on
what it might look like to actually have leaders behaving like leaders
- and engaging citizens, stakeholders (and now, yes, SHAREHOLDERS)
around those values, motivations and principles that draw us forward -
the greater values we hold in common.
"There is nothing more powerful than
inspirational leadership that unleashes principled behavior for a great
cause... What makes a company or a government “sustainable" is not
when it adds more coercive rules and regulations to control behaviors.
It is when its employees or citizens are propelled by values and
principles to do the right things, no matter how difficult the
situation. Laws tell you what you can do. Values inspire in you what
you should do. It’s a leader’s job to inspire in us those values.”
What are the best examples of inspiring leadership - in your
home, organization, or nation - that have propelled you to virtuous
action?
Who has been the best example of this kind of leader for you?
Posted by Evan Smith on Fri, Mar 06, 2009
These are Tough Times
Many businesses are experiencing restricted access to investment capital.
Workforce morale is poor; many have experienced downsizing. Survivors grieve their
departed colleagues. The fear, uncertainty and doubt has disheartened workforces – who see their company lowering its sights, but without a new clear vision in view.
Working capital is constrained as lenders focus internally on their cash and balance
sheet issues – and grimly, on their own diminished prospects.
Sales volumes are down.
Forecasts for the future are gray.
For many companies, the weakening brought on by many factors like those above has increased competitive pressures, challenges to find and keep the right talent. For some, the gathering storm has raised the specter of more imminent acquisition.
In Challenges, We Find Opportunities
During these times, people question many fundamental assumptions – about how the business makes money, about whether the business model itself remains viable, about our collective capabilities and will, about the future and what it may hold, for good (or we fear) for ill.
Some of this questioning is valuable. To the extent that all assumptions and
questions are “valued equally” – and to the extent that people are
putting too many assumptions “in play” at one time – the process of
questions assumptions in this way might actually contribute to
anxieties, and stoke fear, uncertainty and doubt. To the extent that
excessive questioning paralyzes, and limits meaningful action, it can
be unhealthy.
For many during this time, the writing is on the wall that “the future” will look
different from “the past.” The process of holding on to the past, hoping that some vestiges of it will survive – and grieving the losses that accompany its passing – complicates the situation, and may add emotional challenges to the very real and rational economic,
organizational and personal ones.
Finding The Way Forward
During this time is an opportunity for leaders to make a new call to action. An opportunity to rethink the business model. To refocus on core principles. To affirm vision, and describe and define how that vision might come into being in new, fresh, innovative and compelling ways. To
reconnect and affirm relationships with good customers. To rethink basic assumptions, in a structured and progressive way. To hold candid and courageous conversations that do not shrink from clear language and clear description, and that enable all participants to find inspiration, motivation, and value - and the strength and will to move forward.
Now is the time to position and drive your organization – in the ways demanded by these
times, and the new realities your organization faces. Now is the time to approach people and thinking in new ways. Now – more than ever – is the time to “double down” on leadership. But perhaps not leadership as it has always been practiced...
What key questions are you asking yourself – about the direction for your
organization, what you discern as needs and priorities to address, about your leadership?
Posted by Evan Smith on Fri, Mar 06, 2009
The No-Stats All-Star - NYTimes.com
I’m not a basketball fan. Before reading this article, I couldn’t
have named a single player on the Houston Rockets – and in fact, had
never heard of Shane Battier, who is the subject of this article.
Shane Battier, his approach, and the observations made about the larger
“mode of managing” illuminated here have leadership repercussions what we focus on, where we find ourselves as a
society and an economy today – and I can feel the tremors rippling
through leader- and management development as well.
In summary: Shane Battier is an individual with undistinguished
individual statistics. However, he does many of the "right things",
the unselfish things, the ego-less things... those things that make his
teammates' performances improve, that dramatically improve his
team's overall odds of winning games - and increase opponent's odds of
losing. The Houston Rockets have been able to create a "meta model" of
performance - and measure these intangible but very real contributions
of Shane Battier - and in fact, of every Houston Rocket.
[Note to author Michael Lewis: Basketball isn’t the only ‘arena’
where we should be looking at team-level performance metrics (and the
ways that individual performance affects the team and other members on
it). Basketball isn’t the only place where we should be attending to
“team dynamics” and team performance – instead of individual
performance. It isn’t the only place where we should be thinking about
metrics and measures that really matter to the long-term health and
vitality of the enterprise. Just thought you’d want to know.]
Our economy – and esp. the financial system, set up with incentives
and loose regulation for the Masters of the Universe, could drive sales
(see this note
elaborating a view on the financial system meltdown).
Apparently, however, this system
could not review the odds as well as Daryl Morey and Shane Battier,
apparently can’t digest and respond to data as well, or understand from
the data what it is that they should be doing. Apparently, this system
and the leaders and players in it, could learn a lot about managing –
and about winning, overall as a team - from watching the NBA, and from
studying the Houston Rockets.
The No-Stats All-Star - NYTimes.com
Article Excerpts:
Statistical Anomaly His greatness is not marked in box scores or at slam-dunk contests, but on the court Shane Battier makes his team better, often much better,
and his opponents worse, often much worse.
Here we have a basketball mystery: a player is widely regarded inside the N.B.A. as, at best, a replaceable cog in a machine driven by superstars. And yet every team he has ever
played on has acquired some magical ability to win.
He may not grab huge numbers of rebounds, but he has an uncanny ability to improve his teammates’ rebounding. He doesn’t shoot much, but when he does, he
takes only the most efficient shots. He also has a knack for getting the ball to teammates who are in a position to do the same, and he commits few turnovers. On defense, although he routinely guards the N.B.A.’s most prolific scorers, he significantly reduces their
shooting percentages. At the same time he somehow improves the defensive efficiency of his teammates...
... the big challenge on any basketball court is to measure the right things. The five players on any basketball team are far more than the sum of their parts; the
Rockets devote a lot of energy to untangling subtle interactions among
the team’s elements. To get at this they need something that basketball
hasn’t historically supplied: meaningful statistics.
There is a tension, peculiar to basketball, between the interests of the team and the interests of the individual. The game continually tempts the people who play it to do
things that are not in the interest of the group.
... [in the game], the player, in
his play, faces choices between maximizing his own perceived
self-interest and winning. The choices are sufficiently complex that
there is a fair chance he doesn’t fully grasp that he is making them.
... instead of grabbing uncertainly for a rebound, for instance, Battier would tip the ball more certainly to a teammate. Guarding a lesser rebounder, Battier would, when the ball was in the air, leave his own man and block out the other team’s best rebounder. A player whom Morey describes as “a marginal N.B.A. athlete” not only guards one of the greatest — and smartest — offensive threats ever to play the game - but renders him a
detriment to his team.
Knowing the odds, Battier can pursue an inherently uncertain strategy with total certainty. He can devote himself to a process and disregard the outcome of any given encounter.