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	<title>eriksmartt.com/blog &#187; business</title>
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		<title>The self-defeating effects of micro-management</title>
		<link>http://www.eriksmartt.com/blog/archives/1391</link>
		<comments>http://www.eriksmartt.com/blog/archives/1391#comments</comments>
		<pubDate>Thu, 12 Aug 2010 19:26:51 +0000</pubDate>
		<dc:creator>erik</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[consulting]]></category>
		<category><![CDATA[management]]></category>
		<category><![CDATA[quote]]></category>

		<guid isPermaLink="false">http://www.eriksmartt.com/blog/?p=1391</guid>
		<description><![CDATA[I started drafting a blog post about the self-defeating effects of micro-management when I came across this interview response (from Yahoo CEO Carol Bartz) which sums it up perfectly: What classic mistakes do you see managers making over and over? &#8220;Setting a goal is one thing. Telling people how to do it step-by-step is another [...]]]></description>
			<content:encoded><![CDATA[<p>I started drafting a blog post about the self-defeating effects of micro-management when I came across this interview response (from Yahoo CEO Carol Bartz) which sums it up perfectly:</p>
<blockquote><p>
<b>What classic mistakes do you see managers making over and over?</b></p>
<p>&#8220;Setting a goal is one thing. Telling people how to do it step-by-step is another thing. That&#8217;s what happens especially with new managers. They not only tell the result that&#8217;s supposed to happen but they also tell them how to do it, which is such an insult. People just friggin&#8217;shut down&#8211;I guess I&#8217;m not going to do it well enough. I&#8217;ll just wait to have you tell me how to do it.&#8221;</p>
<p>(via <a href="http://www.fastcompany.com/1680546/yahoo-ceo-carol-bartz-im-just-a-manager">Yahoo CEO Carol Bartz: &#8220;I&#8217;m Just a Manager&#8221;</a>.)
</p></blockquote>
<p>I&#8217;ve seen teams &#8220;shut down&#8221; for this exact reason, and the result is a loss for everyone.</p>
<p>When faced with continual &#8220;managerial vetoes&#8221; and micro-management, teams stop delivering the value they are capable of.  They no longer seek the best solutions &#8212; they no longer listen to their customers.  By not delegating and trusting their team, <b>these managers have created more work for themselves!</b>  And the odds are pretty good that whatever comes out of this process will be sub-par.</p>
<p>The idea raises an interesting perspective on the evaluation of new products and services: If the solution is sub-par, was it for lack of ability on the part of the implementation team?  Or was it lack of ability on the part of their management?</p>
<hr />
On a related note, I highly recommend<br />
&#8220;<a href="http://www.socialbookclub.com/book/isbn/0060833459">The Effective Executive</a>&#8221; by Peter Drucker if you happen to be new to management (or, in this case, have under-performing teams.)  &#8220;<a href="http://www.socialbookclub.com/book/isbn/032171153X">Reflections on Management: How to Manage Your Software Projects, Your Teams, Your Boss, and Yourself</a>&#8221; by Watts Humphrey has some nice views on this issue as well.</p>]]></content:encoded>
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		<title>Great quote on the value of being a good client</title>
		<link>http://www.eriksmartt.com/blog/archives/1371</link>
		<comments>http://www.eriksmartt.com/blog/archives/1371#comments</comments>
		<pubDate>Sat, 31 Jul 2010 15:19:32 +0000</pubDate>
		<dc:creator>erik</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[quote]]></category>

		<guid isPermaLink="false">http://www.eriksmartt.com/blog/?p=1371</guid>
		<description><![CDATA[&#8220;Clients who are easy to work with &#8230; don’t just get our best work. They also get the lowest invoices, because we can work efficiently and don’t have to fight our way through the process.&#8221; The article is about working with Graphic Designers, but it applies equally well to technology or strategy engagements. via &#8220;10 [...]]]></description>
			<content:encoded><![CDATA[<blockquote><p>
&#8220;Clients who are easy to work with &#8230; don’t just get our best work. They also get the lowest invoices, because we can work efficiently and don’t have to fight our way through the process.&#8221;
</p></blockquote>
<p>The article is about working with Graphic Designers, but it applies equally well to technology or strategy engagements.</p>
<p>via &#8220;<a href="http://blog.kissmetrics.com/design-code-phrases/">10 Secret Code Phrases to Get What You Want from Your Graphic Designer</a>&#8220;.</p>]]></content:encoded>
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		<title>Nielsen finds that Senior Management is often what blocks innovation</title>
		<link>http://www.eriksmartt.com/blog/archives/1355</link>
		<comments>http://www.eriksmartt.com/blog/archives/1355#comments</comments>
		<pubDate>Mon, 12 Jul 2010 21:20:19 +0000</pubDate>
		<dc:creator>erik</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[business]]></category>

		<guid isPermaLink="false">http://www.eriksmartt.com/blog/?p=1355</guid>
		<description><![CDATA[The findings from this Nielsen report, &#8220;Secret to Successful New Product Innovation: Keep the Boss Out of It&#8220;, ring all too true, and are worth considering if your company creates, wants to create, or is struggling to create products. Two key points from the report: Get the innovation centers out of the corporate headquarters Let [...]]]></description>
			<content:encoded><![CDATA[<p>The findings from this Nielsen report, &#8220;<a href="http://en-us.nielsen.com/content/nielsen/en_us/news/news_releases/2010/june/secret_to_successful.html">Secret to Successful New Product Innovation: Keep the Boss Out of It</a>&#8220;, ring all too true, and are worth considering if your company creates, wants to create, or is struggling to create products.</p>
<p>Two key points from the report:</p>
<ul>
<li><b>Get the innovation centers out of the corporate headquarters</b></li>
<li><b>Let Senior Management focus on the process, not the ideas</b></li>
</ul>
<p>Why would this be the case?  There are numerous possibilities, but many will likely involve corporate politics, &#8220;group-think&#8221;, &#8220;power and control&#8221; issues, and people focused on the wrong areas.  Remember, your Senior Management should be very knowledgeable of the field in which you do business, but are generally tasked with operational responsibilities &#8212; not directly on R&amp;D, market research, customer support, etc.  Furthermore, without a clear process for product proposals, funding, and re-investment, good ideas might be battling for funding against lesser ideas from someone with more political power.</p>
<p>So how do you solve it?  You&#8217;ll have to look at the operational shortcomings of your own organization; But the solution likely involves a proper Product Management group, and an open product proposal, review, and funding process.  It may come as a surprise to many, but the role of Product Management is to focus development (and product creation) on the right products, based on market needs (identified via market research.)  They uncover opportunities, evaluate fit, and get solutions to your customers.</p>
<p>Too often, Product Management is run incorrectly (or non-existent), which might be behind the findings of the Nielsen report.  If anyone in the company (Product Managers included) is basing product strategies on their gut feel &#8212; you&#8217;re gambling.  If you&#8217;re in the Invention Business, that&#8217;s fine.  Just acknowledge that you&#8217;re guessing.</p>
<p>Having a clear, open process for product proposals is equally, if not more important.  This is how you suppress favoritism and personal agendas.  It also allows you to leverage the wisdom of your full organization (e.g., internal crowd-sourcing and peer-review.)  In my experience, transparency in product funding is a major area of contention since it &#8220;takes away&#8221; power from Senior Management (even though having this power hurts the organization.)</p>
<p>If you&#8217;re expecting new product innovation and your organizational operations aren&#8217;t specifically designed to foster it, it&#8217;s time to get serious or quit kidding yourself.</p>
<ul>
<li>Give people the time and tools they need to innovate</li>
<li>Get the politics and &#8220;devil&#8217;s advocates&#8221; out of the ideation process</li>
<li>Establish an open process for reviewing and selecting the products to be funded</li>
<li>Understand your metrics for success</li>
<li>Adopt formal Product Management methodologies</li>
<li>Listen to the market (your customers and non-customers)</li>
<li>Allow customer and market research to trump seniority</li>
<li>Be willing to fail quickly and move-on</li>
<li>Accept that good ideas can come from anywhere</li>
<li>Ensure that Senior Management (and everyone, for that matter) understands their role, and what&#8217;s expected of them</li>
</ul>
<p>&#8212;-</p>
<p>Related reading: &#8220;<a href="http://socialbookclub.appspot.com/book/isbn/0060851139">Innovation and Entrepreneurship</a>&#8221; by Peter F. Drucker (or at least <a href="http://www.eriksmartt.com/blog/archives/634">my review of the book</a>.)</p>]]></content:encoded>
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		<title>Book: &#8220;Reflections on Management&#8221;</title>
		<link>http://www.eriksmartt.com/blog/archives/1336</link>
		<comments>http://www.eriksmartt.com/blog/archives/1336#comments</comments>
		<pubDate>Thu, 10 Jun 2010 14:49:26 +0000</pubDate>
		<dc:creator>erik</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[books]]></category>
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		<category><![CDATA[management]]></category>

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		<description><![CDATA[&#8220;Reflections on Management: How to Manage Your Software Projects, Your Teams, Your Boss, and Yourself&#8220; wasn&#8217;t the best written/edited book, but has some tasty bits scattered within the random acronyms. It reads like the storytellings of a retiring, experienced, software manager at a large corporation. Someone telling the inside story in a blunt, matter-of-fact approach. [...]]]></description>
			<content:encoded><![CDATA[<p> <a href="http://www.amazon.com/gp/product/032171153X?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=032171153X"><br />
  <img class="book-cover" src="http://www.eriksmartt.com/blog/wp-content/uploads/2010/05/book-reflections-on-management.jpg" width="106" height="160" border="0" /><br />
 </a></p>
<p>&#8220;<a href="http://www.amazon.com/gp/product/032171153X?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=032171153X">Reflections on Management: How to Manage Your Software Projects, Your Teams, Your Boss, and Yourself</a>&#8220;<img src="http://www.assoc-amazon.com/e/ir?t=eriksmarttcom&#038;l=as2&#038;o=1&#038;a=032171153X"; width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /> wasn&#8217;t the best written/edited book, but has some tasty bits scattered within the random acronyms.  It reads like the storytellings of a retiring, experienced, software manager at a large corporation.  Someone telling the inside story in a blunt, matter-of-fact approach.  Personally, I like that style.  It gets to the point without dancing around the subject.  The only caveat with this book though, is that some of the advice is a little too specific to the author&#8217;s previous corporate environments. Still, if you&#8217;re stuck at an airport and this is what the local bookstore has, it&#8217;s not a bad choice.</p>
<p>A few quotes:</p>
<blockquote><p>&#8220;Quality work is not done by mistake.&#8221;</p></blockquote>
<blockquote><p>&#8220;When developers are simultaneously assigned to several projects, they have split loyalties and their teammates cannot rely on them for support and assistance.&#8221;</p></blockquote>
<blockquote><p>&#8220;It is hard for someone to feel committed to a project when management is unwilling to make it their principal job.&#8221;</p></blockquote>
<blockquote><p>&#8220;Discipline, in fact, is what separates the experts from the amateurs in any professional field.&#8221;</p></blockquote>
<blockquote><p>&#8220;The team leader must motivate, coach, drive, and urge the members to perform to the best of their abilities.&#8221;</p></blockquote>
<blockquote><p>&#8220;If you don&#8217;t change the engineers&#8217;working practices, you can change the organizational structure and all its procedures, but nothing much will really change.  Thus, to have a substantial impact on an organization&#8217;s performance, you must change the way the engineers actually work.&#8221;</p></blockquote>
<blockquote><p>&#8220;Even when the result is a total business disaster, if the team provided a rewarding personal experience, the team members will view the project as a success.&#8221;</p></blockquote>
<blockquote><p>&#8220;When people say they are working harder, they actually mean they are working longer hours.&#8221;</p></blockquote>
<blockquote><p>&#8220;Designing, coding, reviewing, inspecting, and testing are intensely difficult tasks. To have any hope of producing quality products, we must occasionally take breaks.&#8221;</p></blockquote>
<blockquote><p>&#8220;Often, teams respond to this pressure by taking shortcuts, using poor methods, or gambling on a new (to them) language, tool, or technique.&#8221;</p></blockquote>
<blockquote><p>&#8220;Every day that you wait to act is a day that you can’t use to solve the problem.&#8221;</p></blockquote>
<blockquote><p>&#8220;The most important single asset a software engineer can have is a reputation for meeting commitments.&#8221;</p></blockquote>
<blockquote><p>&#8220;The most successful teams have energetic, enthusiastic, confident, and hard-driving leaders. If you don’t have the required energy and drive, figure out what to change so that you do. If you can’t see how to do that, either your team has a hopeless job or it needs a new leader.&#8221;</p></blockquote>
<blockquote><p>&#8220;A significant part of your leadership job is to keep the team’s goals clear and well defined and to ensure that every team member knows how his or her current tasks contribute to meeting that goal.&#8221;</p></blockquote>
<blockquote><p>&#8220;It is impossible to be an effective leader without being committed to a cause that animates you and motivates your followers.&#8221;</p></blockquote>]]></content:encoded>
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		<title>Book: Blue Ocean Strategy</title>
		<link>http://www.eriksmartt.com/blog/archives/685</link>
		<comments>http://www.eriksmartt.com/blog/archives/685#comments</comments>
		<pubDate>Sun, 11 Jan 2009 18:16:17 +0000</pubDate>
		<dc:creator>erik</dc:creator>
				<category><![CDATA[books]]></category>
		<category><![CDATA[business]]></category>

		<guid isPermaLink="false">http://www.eriksmartt.com/blog/?p=685</guid>
		<description><![CDATA[&#8220;Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant&#8221; uses a &#8220;red ocean vs. blue ocean&#8221; analogy to discuss the risks of head-to-head corporate competition (bloody red oceans) against the opportunities of differentiating your company or service such that your offerings are unique (blue oceans.) The book walks through a few [...]]]></description>
			<content:encoded><![CDATA[<p>&#8220;<a href="http://www.amazon.com/gp/product/1591396190?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=1591396190">Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant</a><img src="http://www.assoc-amazon.com/e/ir?t=eriksmarttcom&#038;l=as2&#038;o=1&#038;a=1591396190" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />&#8221; uses a &#8220;red ocean vs. blue ocean&#8221; analogy to discuss the risks of head-to-head corporate competition (bloody red oceans) against the opportunities of differentiating your company or service such that your offerings are unique (blue oceans.)</p>
<p>The book walks through a few techniques for modeling your current market and exploring opportunities to reposition yourself.  This analysis focuses heavily on identifying gaps between the parts of a service that businesses emphasize, and the parts that customers value.  For example, if a current market has competitors battling over &#8220;quality of craftsmanship&#8221;, thus raising prices and limited it&#8217;s customer base, there may be a blue ocean strategy around simplifying manufacturing, reducing costs, and selling to a wider audience.</p>
<p>In many ways, the solutions the book promotes are often in alignment with the classic &#8220;user-centered design&#8221; and product management philosophies of listening to customers and focusing on providing customer value, rather then selling to a fictitious market.  However, to get into a blue ocean, a company must react and reinvent itself if the customers it wants need a different offering.</p>
<p>A few quotes:</p>
<blockquote><p>&#8220;Effective strategy should be about risk minimization and not risk taking.&#8221;</p></blockquote>
<blockquote><p>&#8220;Innovative ideas will be profitable only if they are linked to what buyers are willing to pay for.&#8221;</p></blockquote>
<blockquote><p>&#8220;Unless the technology makes buyers&#8217;lives dramatically simpler, more convenient, more productive, less risky, or more fun and fashionable, it will not attract the masses no matter how many awards it wins.&#8221;</p></blockquote>
<blockquote><p>&#8220;If individuals are not treated as though their knowledge is valued, they will &#8230; not share their ideas and expertise; rather, they will hoard their best thinking and creative ideas, preventing new insights from seeing the light of day.&#8221;</p></blockquote>
<p>The concepts in the book aren&#8217;t too hard to grasp, and unfortunately, this makes the book feel unnecessarily long.  It&#8217;s a easy read, but without a lot of substance.  I do like how the Strategy Canvases were drawn (and I&#8217;m definitely going to play with that approach to modeling competition), so I did get some value out of it;  But overall, the book isn&#8217;t sitting too high on my recommended list.</p>]]></content:encoded>
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		<title>Book: &#8220;Innovation and Entrepreneurship&#8221;</title>
		<link>http://www.eriksmartt.com/blog/archives/634</link>
		<comments>http://www.eriksmartt.com/blog/archives/634#comments</comments>
		<pubDate>Mon, 08 Dec 2008 16:21:01 +0000</pubDate>
		<dc:creator>erik</dc:creator>
				<category><![CDATA[books]]></category>
		<category><![CDATA[business]]></category>

		<guid isPermaLink="false">http://www.eriksmartt.com/blog/?p=634</guid>
		<description><![CDATA[What a great book &#8212; and difficult to review in a &#8220;cut to the chase&#8221; manner. &#8220;Innovation and Entrepreneurship&#8220;, by Peter F. Drucker, outlines a systematic approach for identifying innovation opportunities, and growing a culture of innovation within an organization. He provides a view of innovation as a style of working &#8212; a way of [...]]]></description>
			<content:encoded><![CDATA[<p>What a great book &#8212; and difficult to review in a &#8220;cut to the chase&#8221; manner. &#8220;<a href="http://www.amazon.com/gp/product/0060851139?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=0060851139">Innovation and Entrepreneurship</a><img src="http://www.assoc-amazon.com/e/ir?t=eriksmarttcom&#038;l=as2&#038;o=1&#038;a=0060851139" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />&#8220;, by Peter F. Drucker, outlines a systematic approach for identifying innovation opportunities, and growing a culture of innovation within an organization.  He provides a view of innovation as a style of working &#8212; a way of paying attention to, researching, and responding to key market changes.</p>
<p>The chapter on &#8220;Principles of Innovation&#8221; offers a nice list of Do&#8217;s and Dont&#8217;s, but this is just scratching the surface of the wisdom in this book:</p>
<p>Do&#8217;s:</p>
<ol>
<li>&#8220;Purposeful, systematic innovation begins with the analysis of the opportunities.&#8221;</li>
<li>&#8220;Go out and look at the customers, the users, to see what their expectations, their values, their needs are.&#8221;</li>
<li>&#8220;An innovation has to be simple, and it has to be focused. It should do only one things, otherwise, it confuses.&#8221;</li>
<li>&#8220;Effective innovations start small.&#8221;</li>
<li>&#8220;Successful innovation aims at leadership.&#8221;</li>
</ol>
<p>Dont&#8217;s:</p>
<ol>
<li>&#8220;[Do] not try to be clever.&#8221;</li>
<li>&#8220;Don&#8217;t diversify&#8230; don&#8217;t try to do too many things at once.&#8221;</li>
<li>&#8220;Don&#8217;t try to innovate for the future. Innovate for the present!&#8221;</li>
</ol>
<p>Here are some of the quotes I highlighted while reading:</p>
<ul>
<li>&#8220;The test of an innovation&#8230; lies in its success in the marketplace.&#8221;</li>
<li>&#8220;Most of Silicon Valley are still inventors rather than innovators, still speculators rather than entrepreneurs.&#8221;</li>
<li>&#8220;Entrepreneurship&#8230; is a behavior rather than [a] personality trait.&#8221;</li>
<li>&#8220;The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.&#8221;</li>
<li>&#8220;Entrepreneurship is &#8216;risky&#8217;mainly because so few of the so-called entrepreneurs know what they are doing.&#8221;</li>
<li>&#8220;Anything truly new that looks big is indeed to be distrusted.  The odds are heavily against its succeeding.&#8221;</li>
<li>&#8220;The organization must be&#8230; willing to perceive change as an opportunity rather than a threat.&#8221;</li>
<li>&#8220;<b>Only when people with proven performance capacity have been assigned to a project, supplied with the tools, the money, and the information they need to do the work, and given clear and unambiguous deadlines &#8212; only then do we have a plan.</b>&#8220;</li>
<li>&#8220;To render an existing business entrepreneurial, management must take the lead in making obsolete its own products and services rather than waiting for a competitor to do so.&#8221;</li>
<li>&#8220;The people responsible for an existing business will&#8230; always be tempted to postpone action on anything new, entrepreneurial, or innovative until it is too late.&#8221;</li>
<li>&#8220;A business needs only a very small share of a small market to be successful.&#8221;</li>
<li>&#8220;Failure to achieve objectives should be considered an indication that the objective is wrong, or at least defined wrongly.&#8221;</li>
<li>&#8220;The probability of success&#8230; diminishes with each successive try.&#8221; (In reference to pursuing the same idea multiple times.)</li>
<li>&#8220;One cannot do market research for something that is not yet on the market.&#8221;</li>
<li>&#8220;The new venture needs to build in systematic practices to remind itself that a &#8216;product&#8217;or a &#8216;service&#8217;is defined by the customer, not by the producer.&#8221;</li>
<li>&#8220;<b>Businesses are not paid to reform customers. They are paid to satisfy customers.</b>&#8220;</li>
<li>&#8220;The founder has to learn to become the leader of a team rather then a &#8216;star&#8217;with &#8216;helpers.&#8217;&#8221;</li>
<li>&#8220;A product is not &#8216;quality&#8217;because it is hard to make and costs a lot of money&#8230; Customers pay only for what is of use to them and gives them value. Nothing else constitutes &#8216;quality.&#8217;&#8221;</li>
<li>&#8220;A &#8216;premium&#8217;price is always an invitation to the competitor.&#8221;</li>
<li>&#8220;Trying to satisfy everybody&#8230; always ends up satisfying nobody.&#8221;</li>
<li>&#8220;Charge for what represents &#8216;value&#8217;to the customer rather then what represents &#8216;cost&#8217;to the supplier.&#8221;</li>
</ul>
<p>If you&#8217;re interested in learning how to develop a professional practice of innovation and entrepreneurial management, this is a great book to read.  Sure, it&#8217;s a little dated (as Drucker&#8217;s work is going to be), but it doesn&#8217;t get in the way or dilute the message &#8212; and offers insightful business history and lessons that are still relevant today. </p>]]></content:encoded>
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		<title>Defining Design Thinking</title>
		<link>http://www.eriksmartt.com/blog/archives/596</link>
		<comments>http://www.eriksmartt.com/blog/archives/596#comments</comments>
		<pubDate>Mon, 13 Oct 2008 21:27:04 +0000</pubDate>
		<dc:creator>erik</dc:creator>
				<category><![CDATA[business]]></category>
		<category><![CDATA[design]]></category>
		<category><![CDATA[quote]]></category>

		<guid isPermaLink="false">http://www.eriksmartt.com/blog/?p=596</guid>
		<description><![CDATA[&#8220;Design thinking can be described as a discipline that uses the designer’s sensibility and methods to match people’s needs with what is technologically feasible and what a viable business strategy can convert into customer value and market opportunity.&#8221; (Via Design Thinking.)]]></description>
			<content:encoded><![CDATA[<blockquote><p>
&#8220;Design thinking can be described as a discipline that uses the designer’s sensibility and methods to match people’s needs with what is technologically feasible and what a viable business strategy can convert into customer value and market opportunity.&#8221;
</p></blockquote>
<p>(Via <a href="http://designthinking.ideo.com/">Design Thinking</a>.)</p>]]></content:encoded>
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		<title>&#8220;FORTUNE: How I Work&#8221;</title>
		<link>http://www.eriksmartt.com/blog/archives/574</link>
		<comments>http://www.eriksmartt.com/blog/archives/574#comments</comments>
		<pubDate>Mon, 22 Sep 2008 20:40:43 +0000</pubDate>
		<dc:creator>erik</dc:creator>
				<category><![CDATA[business]]></category>
		<category><![CDATA[productivity]]></category>
		<category><![CDATA[quote]]></category>

		<guid isPermaLink="false">http://www.eriksmartt.com/blog/?p=574</guid>
		<description><![CDATA[&#8220;FORTUNE: How I Work&#8221; isn&#8217;t a new piece, but I&#8217;ve gone back to it a few times, so I thought I&#8217;d share the link and a some thoughts on it. The article interviews twelve successful, industry leaders on how they work and what they do to manage their workload. The common themes are that they [...]]]></description>
			<content:encoded><![CDATA[<p>&#8220;<a href="http://money.cnn.com/popups/2006/fortune/how_i_work/frameset.exclude.html">FORTUNE: How I Work</a>&#8221; isn&#8217;t a new piece, but I&#8217;ve gone back to it a few times, so I thought I&#8217;d share the link and a some thoughts on it.</p>
<p>The article interviews twelve successful, industry leaders on how they work and what they do to manage their workload.  The common themes are that they all tend to work 12+ hour days (and generally weekends); They cut out the noise and distractions; Focus on what&#8217;s important; leverage their staff; and spend a large amount of their time emailing or calling people.  That&#8217;s a pretty good reflection of what Peter Drucker describes in the book,  &#8220;<a href="http://www.amazon.com/gp/product/0060833459?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=0060833459">The Effective Executive</a><img src="http://www.assoc-amazon.com/e/ir?t=eriksmarttcom&#038;l=as2&#038;o=1&#038;a=0060833459" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />&#8220;, which is perhaps why it&#8217;s so interesting to hear first-hand.</p>
<p>I pulled a few quotes, but left off the names so you&#8217;ll have to <a href="http://money.cnn.com/popups/2006/fortune/how_i_work/frameset.exclude.html">read the article</a> to find out who said these:</p>
<h3>On working hours:</h3>
<ul>
<li>&#8220;I get up about 4:30 A.M. and check out the markets. &#8220;</li>
<li>&#8220;I get up between 5 and 5:30&#8243;</li>
<li>&#8220;I wake up somewhere between 5 and 6 A.M.&#8221;</li>
<li>&#8220;My day starts around 9 A.M. and meetings finish up around 8 P.M. After that I stay in the office to do action items and e-mail. I can get by on four to six hours of sleep.&#8221;</li>
<li>&#8220;I try to get home by 7:30 P.M.&#8221;</li>
<li>&#8220;&#8230;head off to work about 5:45 A.M.&#8221;</li>
<li>&#8220;I do marathon e-mail catch-up sessions, sometimes on a Saturday or Sunday. I&#8217;ll just sit down and do e-mail for ten to 14 hours straight.&#8221;</li>
<li>&#8220;I usually go home after lunch and then spend the rest of the afternoon and evening, except for dinner, up till about 11:30 p.m., working.&#8221;</li>
<li>&#8220;If I don&#8217;t do six hours of sleep I&#8217;m in bad shape, but I&#8217;m usually up by six.&#8221;</li>
<li>&#8220;I typically don&#8217;t sign off e-mail until midnight.&#8221;</li>
<li>&#8220;My day usually ends in the office at about six o&#8217;clock, but then I go to two or three parties a night&#8230; Then, no matter when I get home at night &#8212; and it&#8217;s usually late &#8212; I do at least an hour or two of e-mail.&#8221;</li>
<li>&#8220;I&#8217;m asleep at 10. I&#8217;m up at 5:30 and try to work out four or five times a week.&#8221;</li>
</ul>
<h3>On allocating time:</h3>
<ul>
<li>&#8220;For meetings on a single topic that aren&#8217;t regular operational meetings, I&#8217;m very strict. The maximum is one hour and 30 minutes. Fifty percent of the time is for the presentation, 50 percent is for discussion.&#8221;</li>
<li>&#8220;If I have a business dinner, people know that it should start at 6:30 and be over by 8:30. &#8220;</li>
</ul>
<h3>On leveraging staff:</h3>
<ul>
<li>&#8220;I have two assistants now. I have an assistant from 7 in the morning till 4 in the afternoon, and then an assistant from 4 to midnight.&#8221;</li>
<li>&#8220;I rely on staff to take care of things that I know they can.&#8221;</li>
</ul>
<h3>On focus and resetting oneself:</h3>
<ul>
<li>&#8220;Every day at 8:30 A.M., I get up from my desk and walk to a health club across the street. I do yoga and work out for probably an hour and a half&#8230;&#8221;</li>
<li>&#8220;Some of my best ideas literally come from standing on my head doing yoga. I&#8217;m away from the office, away from the noise&#8230;&#8221;</li>
<li>&#8220;I don&#8217;t have a cellphone, I don&#8217;t have a Black-Berry.&#8221;</li>
<li>&#8220;It is also important to take a distance from the problem. I do not bring my work home.&#8221;</li>
<li>&#8220;I find that meditating for five, ten, or 15 minutes in a hotel room at night can be as good as a workout&#8221;</li>
<li>&#8220;I still work weekends, though not the killer hours I used to.&#8221;</li>
</ul>]]></content:encoded>
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		<title>Thank you for the free book!</title>
		<link>http://www.eriksmartt.com/blog/archives/571</link>
		<comments>http://www.eriksmartt.com/blog/archives/571#comments</comments>
		<pubDate>Sat, 20 Sep 2008 17:52:01 +0000</pubDate>
		<dc:creator>erik</dc:creator>
				<category><![CDATA[blogging]]></category>
		<category><![CDATA[books]]></category>
		<category><![CDATA[business]]></category>

		<guid isPermaLink="false">http://www.eriksmartt.com/blog/?p=571</guid>
		<description><![CDATA[Since I started working through the Personal MBA reading list, I&#8217;ve been posting summaries and links to the books on Amazon. If you&#8217;re reading this blog, you&#8217;re savvy enough to know that those Amazon links are &#8220;associate&#8221; links, meaning that they generate referral money (well, Amazon gift certificates) for me if you click-through and buy [...]]]></description>
			<content:encoded><![CDATA[<p>Since I started working through the <a href="http://personalmba.com/">Personal MBA</a> reading list, I&#8217;ve been posting summaries and links to the books on Amazon.  If you&#8217;re reading this blog, you&#8217;re savvy enough to know that those Amazon links are &#8220;associate&#8221; links, meaning that they generate referral money (well, Amazon gift certificates) for me if you click-through and buy a book.</p>
<p>I&#8217;m happy to say that a few people have bought some of these books, and I&#8217;ve made enough referral money now to pick up a free book!  I decide to buy &#8220;<a href="http://www.amazon.com/gp/product/0060851139?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=0060851139">Innovation and Entrepreneurship</a><img src="http://www.assoc-amazon.com/e/ir?t=eriksmarttcom&#038;l=as2&#038;o=1&#038;a=0060851139" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />&#8221; by Peter Drucker.  Innovation, and the application of innovation as a competitive strategy, is a topic I&#8217;m particularly interested in.  In addition, I really enjoyed Drucker&#8217;s &#8220;<a href="http://www.amazon.com/gp/product/0060833459?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=0060833459">The Effective Executive</a><img src="http://www.assoc-amazon.com/e/ir?t=eriksmarttcom&#038;l=as2&#038;o=1&#038;a=0060833459" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />&#8220;, so I&#8217;m looking forward to reading more of his work.</p>
<p>So thank you!  Reading this next book will be even nicer knowing that my friends (and some strangers) were willing to share their &#8220;click-throughs&#8221; with me!</p>]]></content:encoded>
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		<title>Quick review, &#8220;What Got You Here Won&#8217;t Get You There&#8221;</title>
		<link>http://www.eriksmartt.com/blog/archives/567</link>
		<comments>http://www.eriksmartt.com/blog/archives/567#comments</comments>
		<pubDate>Sat, 20 Sep 2008 17:29:29 +0000</pubDate>
		<dc:creator>erik</dc:creator>
				<category><![CDATA[books]]></category>
		<category><![CDATA[business]]></category>

		<guid isPermaLink="false">http://www.eriksmartt.com/blog/?p=567</guid>
		<description><![CDATA[&#8220;What Got You Here Won&#8217;t Get You There: How Successful People Become Even More Successful&#8221; by Marshall Goldsmith. The author is an executive coach, generally brought in when a high-level professional is in need of &#8220;grooming&#8221; (ex., someone tagged as being the next CEO, but isn&#8217;t quite ready.) The book outlines the author&#8217;s peer-review process [...]]]></description>
			<content:encoded><![CDATA[<p>&#8220;<a href="http://www.amazon.com/gp/product/1401301304?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=1401301304">What Got You Here Won&#8217;t Get You There: How Successful People Become Even More Successful</a><img src="http://www.assoc-amazon.com/e/ir?t=eriksmarttcom&#038;l=as2&#038;o=1&#038;a=1401301304" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />&#8221; by Marshall Goldsmith.</p>
<ul>
<li>The author is an executive coach, generally brought in when a high-level professional is in need of &#8220;grooming&#8221; (ex., someone tagged as being the next CEO, but isn&#8217;t quite ready.)</li>
<li>The book outlines the author&#8217;s peer-review process for identifying personality traits that are holding executives back in the career advancement.</li>
<li>Lists and describes the common issues:
<ol>
<li><b>Winning too much</b> &#8212; ex., wanting to &#8220;win&#8221; an argument just for the sake of winning</li>
<li><b>Adding too much value</b> &#8212; ex., always trying to add to the conversation</li>
<li><b>Passing judgement</b> &#8212; ex., quickly reacting in approval/disapproval when hearing new ideas.  It&#8217;s better to listen with &#8220;complete neutrality&#8221; and make a decision later.</li>
<li><b>Making destructive comments</b> &#8212; ex., the facial expressions and under-the-breathe comments that generally serve only a negative purpose.</li>
<li><b>Starting with &#8220;No,&#8221; &#8220;But,&#8221; or &#8220;However&#8221;</b> &#8212; ex., saying &#8220;that&#8217;s a good idea, but&#8230;&#8221;  You&#8217;ve now shot down the idea.</li>
<li><b>Telling the world how smart we are</b> &#8212; ex., responding with an &#8220;I already knew that&#8221; when someone brings information.</li>
<li><b>Speaking when angry</b> &#8212; pretty self-explanatory, but yelling at your staff is no way to keep top-talent.</li>
<li><b>Negativity, or &#8220;Let me explain why that won&#8217;t work&#8221;</b> &#8212; a devil&#8217;s advocate is generally more destructive then helpful. Don&#8217;t shoot down ideas, or people will stop bringing them to you.</li>
<li><b>Withholding information</b> &#8212; when you withhold information you put your colleagues at a disadvantage, which naturally, they won&#8217;t like.  (And eventually, when the don&#8217;t like you enough, they&#8217;ll stop working for you.)  Keep in mind the lessons of the information age &#8212; information becomes more valuable (and powerful) when shared.  Practice transparency.</li>
<li><b>Failing to give proper recognition</b> &#8212; if you don&#8217;t give credit where credit&#8217;s due, your staff will resent you.</li>
<li><b>Claiming credit that we don&#8217;t deserve</b> &#8212; this is a short-term gain, for a long-term fail. Taking credit for someone else&#8217;s achievements is a great way to make people dislike you.</li>
<li><b>Making excuses</b> &#8212; they just hold you back.</li>
<li><b>Clinging to the past</b> &#8212; like making excuses, but with historical precedent.  Again, it&#8217;s holding you back.</li>
<li><b>Playing favorites</b> &#8212; the favorites like you, the other&#8217;s hate you.</li>
<li><b>Refusing to express regret</b> &#8212; apologize so everyone can move forward.</li>
<li><b>Not listening</b> &#8212; and specifically, not listening well (ie., not engaging or paying attention.)  Not listening is a great way to get people to stop bringing you information.</li>
<li><b>Failing to express gratitude</b> &#8212; saying &#8220;Thank you&#8221; and recognizing other&#8217;s achievements make people feel good, and thus, makes them enjoy being around you.</li>
<li><b>Punishing the messenger</b> &#8212; a negative reaction to bad news will make the messenger feel bad for having brought it (thus limiting your access to information in the future.)  Listen with neutrality, thank the messenger, and deal with the problem separately.</li>
<li><b>Passing the buck</b> &#8212; ex., blaming someone (or something) else for our mistakes.</li>
<li><b>An excessive need to be &#8220;me&#8221;</b> &#8212; ex., letting some mental model of your personality dictate how you work.  Doing something because it&#8217;s &#8220;in character&#8221;, rather then doing what&#8217;s right.</li>
<li><b>Goal Obsession</b> &#8212; driving so hard to achieve a goal that we lose sight of why we&#8217;re doing it.</li>
</ol>
</li>
<li>Walks the reader though the discovery process, and addresses how to successfully recover from a bad personality trait.  (ie., it&#8217;s not enough that you simply get better &#8212; what matters, in fact, <b>the only thing that matters, is how your peers perceive you</b>, and your changes.)</li>
</ul>
<p>The book occasionally comes across as &#8220;selling his services&#8221;, but it works.  It&#8217;s well written, easy to read, and offers many opportunities for self-reflection.  Goldsmith describes his process in-depth so that it can be replicated.  The book even concludes with an example peer-review worksheet.</p>
<p>My overall take-away was positive, and I&#8217;d recommend the book to someone wanting to advance in their career (particularly in a managerial direction.)  It&#8217;s a good reminder that once you&#8217;ve mastered your craft, interpersonal skills may be what&#8217;s keeping you from climbing to the top of your field.</p>]]></content:encoded>
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		<title>Finished reading &#8220;The Simplicity Survival Handbook&#8221;</title>
		<link>http://www.eriksmartt.com/blog/archives/558</link>
		<comments>http://www.eriksmartt.com/blog/archives/558#comments</comments>
		<pubDate>Mon, 08 Sep 2008 03:16:00 +0000</pubDate>
		<dc:creator>erik</dc:creator>
				<category><![CDATA[books]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[productivity]]></category>

		<guid isPermaLink="false">http://www.eriksmartt.com/blog/?p=558</guid>
		<description><![CDATA[&#8220;The Simplicity Survival Handbook: 32 Ways To Do Less And Accomplish More&#8221; Not a GTD book &#8212; this is about cutting past the typical B.S. you find in a corporate environment. Fewer meetings, quicker communication, more transparency, focusing on what matters. Similar to &#8220;Cut to the Chase: and 99 Other Rules to Liberate Yourself and [...]]]></description>
			<content:encoded><![CDATA[<p>&#8220;<a href="http://www.amazon.com/gp/product/0738209120?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=0738209120">The Simplicity Survival Handbook: 32 Ways To Do Less And Accomplish More</a><img src="http://www.assoc-amazon.com/e/ir?t=eriksmarttcom&#038;l=as2&#038;o=1&#038;a=0738209120" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />&#8221;</p>
<p>Not a <a href="http://en.wikipedia.org/wiki/GTD">GTD</a> book &#8212; this is about cutting past the typical B.S. you find in a corporate environment.  Fewer meetings, quicker communication, more transparency, focusing on what matters.  Similar to &#8220;<a href="http://www.amazon.com/gp/product/0385516207?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=0385516207">Cut to the Chase: and 99 Other Rules to Liberate Yourself and Gain Back the Gift of Time</a>&#8220;<img src="http://www.assoc-amazon.com/e/ir?t=eriksmarttcom&#038;l=as2&#038;o=1&#038;a=0385516207" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />, but with a bit more emphasis on working corporate politics.</p>
<p>The main themes:</p>
<ul>
<li>You have only 1440 minutes per day. Use them wisely, and respect other&#8217;s 1440.</li>
<li>Cut out everything that wastes your (or other&#8217;s) time.</li>
<li>&#8220;Do Less&#8221; by focusing only on what matters.</li>
<li>Identify the <i>real</i> problems (ie., what keeps your boss up at night) and solve them. That&#8217;s your best path to career advancement, approved budgets, etc.</li>
<li>Don&#8217;t tolerate a work environment that wastes your time.</li>
</ul>]]></content:encoded>
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		<title>Two more business books (not too thrilled with them)</title>
		<link>http://www.eriksmartt.com/blog/archives/538</link>
		<comments>http://www.eriksmartt.com/blog/archives/538#comments</comments>
		<pubDate>Sat, 23 Aug 2008 01:32:29 +0000</pubDate>
		<dc:creator>erik</dc:creator>
				<category><![CDATA[books]]></category>
		<category><![CDATA[business]]></category>

		<guid isPermaLink="false">http://www.eriksmartt.com/blog/?p=538</guid>
		<description><![CDATA[I finished a couple more books off the Personal MBA reading list this week &#8212; only this time I&#8217;m sharing them with you not so much in recommendation, but to suggest that you flip through them before making the purchase. Crucial Conversations: Tools for Talking When Stakes are High It took determination to make it [...]]]></description>
			<content:encoded><![CDATA[<p>I finished a couple more books off the <a href="http://www.personalmba.com/">Personal MBA</a> reading list this week &#8212; only this time I&#8217;m sharing them with you not so much in recommendation, but to suggest that you flip through them before making the purchase.</p>
<h3><a href="http://www.amazon.com/gp/product/0071401946?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=0071401946">Crucial Conversations: Tools for Talking When Stakes are High</a><img src="http://www.assoc-amazon.com/e/ir?t=eriksmarttcom&#038;l=as2&#038;o=1&#038;a=0071401946" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /></h3>
<p>It took determination to make it through this one.  The lessons are good, but the book just seemed to drag on and wasn&#8217;t holding my attention.  This is the polar opposite of &#8220;<a href="http://www.amazon.com/gp/product/0385516207?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=0385516207">Cut to the Chase</a>&#8220;<img src="http://www.assoc-amazon.com/e/ir?t=eriksmarttcom&#038;l=as2&#038;o=1&#038;a=0385516207" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />, and even pretty far on the soft side of &#8220;<a href="http://www.amazon.com/gp/product/0671027034?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=0671027034">How to Win Friends &amp; Influence People</a><img src="http://www.assoc-amazon.com/e/ir?t=eriksmarttcom&#038;l=as2&#038;o=1&#038;a=0671027034" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" />&#8220;.  If your job routinely requires telling people bad news (ex. firing people, or hospice work) and you don&#8217;t think you&#8217;re very good it, perhaps this book is a place to start.  The book walks through some good examples on defusing hostile situations and handling sensitive relationship topics, which are all valuable to know.  It just wasn&#8217;t a very engaging read for me.</p>
<h3><a href="http://www.amazon.com/gp/product/038552126X?ie=UTF8&#038;tag=eriksmarttcom&#038;linkCode=as2&#038;camp=1789&#038;creative=9325&#038;creativeASIN=038552126X">The Unwritten Laws of Business</a><img src="http://www.assoc-amazon.com/e/ir?t=eriksmarttcom&#038;l=as2&#038;o=1&#038;a=038552126X" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /></h3>
<p>Not much to this book. Even it&#8217;s aggressive line spacing can&#8217;t hide it&#8217;s lack of depth.  Might be of value to someone just starting their career (meaning, first job, right out of school), but you&#8217;ll definitely want to flip through it before purchasing.  Even though it&#8217;s on the Personal MBA reading list, I&#8217;d say skip it if you&#8217;ve been in business for more then five or ten years.</p>]]></content:encoded>
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