Lessons for the Firm5 { A# n; `8 Z6 R" v' o% [
If moods, emotional states, and such characteristics as determination and enthusiasm are the keys to individual success, what does all this mean for companies and firms? o6 O' q$ R, L( }9 _ w: c
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The most important lesson is that managers, if they are to serve their role, must, above all else, be net creators of energy, passion, drive, and enthusiasm in other people. , S9 G' E% [9 b0 ~% s) G
% x! A( a' J9 u: g- m v' y4 ^Even Jack Welch, the recently retired chairman and CEO of General Electric, who had a reputation for being a hard-driving boss, wrote (in his book Winning): “The job of any leader is to build self-confidence in the people around him. Make those people feel twelve feet tall. Clap for every achievement, no matter how small, with everybody around you. That’s a hell of a lot more important than some finite strategy.”3 V3 ?8 r9 g5 ^
4 \7 O5 m! ^( T/ GUnfortunately, in too many cases, managers, rather than being creators of excitement, end up being net destroyers of it. Managers have been encouraged and trained to focus on tasks, activities, outcomes, and accomplishments, but they are rarely trained to understand and influence people’s emotions, either as individuals or in groups.
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For example, few business strategies are chosen because of (or tested against the criterion of) how motivating individuals and groups in the firm will find them. Product, service line, and location choices are still most frequently made on the detached, analytical grounds of “it’s an attractive market.”) U9 d" ]6 y( a3 A. L
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The received approach to good corporate strategy remains one that stresses analytics, planning, and logical, rational thinking. Managers are frequently skilled at figuring out what their firms should be doing. It is less common to find managers who can get their people and their organization to go there.; w( `5 R8 G0 m( F5 y6 Y
4 f( _: N$ e5 @4 d+ nI have previously observed (in “Strategy and the Fat Smoker,”) that the primary outcome of strategic planning should not be analytical insight or smart choices, but a superior resolve to accomplish something. % H- ~7 Y& \# L& z
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Too few organizations, and too few individuals, have implemented the basic insight of this article: He or she wins who gets more done, and he or she gets more done who passionately wants to get to the next level of accomplishment. Creating and sustaining that ambition is management’s primary task. It’s obvious, but it’s still scarce.
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How well does your firm stack up against these behaviors and states of mind?
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New challenges are eagerly, continuously sought out.
8 X* \6 i: n' H, ZThe firm and its people never rely on momentum for their success, but are always seeking to build new capabilities. O: ^1 @1 J% \$ A
Compared to key competitors, the people in the firm are distinguished by a superior, burning passion to get somewhere new.
4 Z4 [$ I& f! @& ^The firm emphasizes and requires adaptability, flexibility, and responsiveness as key virtues. 9 K" s/ B( Q, k- Z; L, g4 y, }
The firm’s strategies are created through continued and repeated experimentation.
3 f* p+ ~0 d0 P p P1 GThe firm is markedly superior in creating (not just hiring for) energy, excitement, enthusiasm, drive, determination, passion, and ambition.
) n2 W4 w( z9 J" v: r- H3 CService offerings, locations, and operating units are repeatedly assessed against the three key criteria: Do the people in the firm find this exciting? Are we making money? Are we doing something special that others are not doing? % z6 C$ C9 R2 X3 i! ]) Q) r
There is a restless refusal to accept “It’s OK.” People never settle, never give up, never coast. - Q7 w& h4 i* A' t% V( V, P3 d
The firm sustains energy and investment actions both when things have gone badly and when things are going relatively well. . |* g% L% `3 _
The firm does not judge its performance by the levels of its accomplishments, but by the “relative incline”: whether or not it is improving relative to competitors on the characteristics it has chosen to compete on. ; J7 R- @7 g8 ~9 X! w
Management is held accountable for its ability to create and sustain drive, enthusiasm, passion, ambition, commitment, and excitement, and instills these things in the individual members and groups that make up the organization. Managers who cannot do this are replaced.
8 H/ N5 m% H4 P) F6 s: u# L' ~Yes, these are tough standards. But if individual success is based on outperforming others on determination, it surely follows that an organization that cannot create and sustain it must be in trouble, no matter how much organizational momentum it has. ; @/ G2 ]3 D9 R& l$ M h
6 ]8 F4 Y! D( f8 O$ _, t4 n8 s) ALast Thoughts
+ X4 _0 o; S3 Y8 `* r5 cA final autobiographical note. In my mid-50s, after having written a book per year for three years in a row, I suddenly found myself without energy. The lethargy lasted for more than two years, and I have never been so miserable in my entire life.
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' h( |8 Q1 P( w! Z$ n/ `. qIt turned out that I had sleep apnea, a medical condition that meant I hadn’t had a good night’s sleep in two years or more. There was (I understood only in retrospect) a reason that I had been physically and mentally exhausted. With treatment, my energy bounced back, and I’m writing again, great things are happening in my career, and I’m having a ball.
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As the Anthony Newley / Leslie Bricusse song goes: I’m going to build a mountain / I’m going to build it high / I don’t know how I’m going to do it / I only know I’m going to try. |