Sunday, 20 of May of 2012

Category » Career

Business Lesson from Physics: Speed vs Preparation

The Need for Speed

Many scientists use nature as a source of inspiration for new technologies. If we can understand the forces of nature that govern us, we can learn to get it on our side. One physic’s equation governing nature that I find very practical in business is:

E=½mv2

While I know the sight of equations affects some like horror movies, it essentially says this:

The energy (E=energy) that something can produce is based on its weight (m=mass) and its speed (v=velocity). Of the two, speed is far more important.

In fact, if given a choice between doubling the size or the speed, doubling the speed would double the impact you would get by doubling the mass. Consider the greater damage a round, small bullet does versus a thrown stone three times its weight. In WWII, the Germans implemented blitzkrieg to help their smaller, faster forces overcome their numerical inferiority.

The business lesson is that if we have a choice between doubling our preparation or doubling the speed with which we can deliver (all other factors being equal), then we are better off with the latter. In decisions, if we have the option to double our research or double the speed with which we decide, the latter is preferred. In marketing, we often hear, “It’s better to be first than it is to be better,” translating this means our idea would need to be at least four times better than our current one to justify doubling the time to introduce it.

Often, in our effort to make the best decision, we delay. Speed, if used wisely, can help us recover quickly from mistakes and adjust to changes, thus alleviating pressure to be right at the outset. It’s why average professionals, when they deliver substantially faster, can beat experts in the marketplace.

 


Beauty as Power (Pt 5): Defense Mechanisms

We often hear about the jealousies women have for other women who they feel are attractive. While it’s easy to discount this as pettiness, there are business implications when it comes to appraising and hiring talent.

For example, the March 31, 2012 edition of The Economist reports in its article, “Don’t Hate Me Because I’m Beautiful,” that it’s better for attractive men to submit photos with their resumes but not women. The reason was that “human resources departments tend to be staffed mostly by women,” especially when it comes to resumes’ initial screenings. Bradley Ruffle of Ben-Gurion University and Ze’ev Shtudiner of Ariel University Centre conducted the study.

As I wrote above, it’s easy to view from a petty perspective. However, let’s frame it from a perspective of power. For instance, would a man hire another man who he felt was more powerful (i.e. more talented than he was)? More specifically, would a male manager hire another man who could take his job or the promotion he was expecting to receive in the near future?

Thus, if we look at beauty as power, couldn’t the women in this study be feeling threatened from a power perspective? This is even more possible if we review how beauty’s subliminal influence deliver many advantages to attractive people in the marketplace. As a result, rather than see the rejection of attractive women by other women as something superfluous, it’s now a natural defense mechanism.

Again, the purpose of this series is to explore the tangible, pragmatic influences beauty has on us in everyday business life. It’s not just a personal sideshow in that life. Beauty, and its superficial sister, attractiveness, trigger deep, natural forces within us that influence our decisions.

 

Other posts in this series:

 


Relationship Building Technique #7: Summarization

We often don’t learn the value of listening techniques in building relationships. Consequently, people might not realize we are listening; this needs to occur in relationship building.

Summarization rephrases the information or key points of the person in a condensed version. The technique verifies what we heard, demonstrates listening, allows focusing of the conversation, and defines parameters for additional discussions.  It also allows the other person – once we summarize – to alter, modify or restate so we can correct misunderstandings early.

Typically, summarization will rephrase the point of a sentence, paragraph or entire discussion. The focus is on subject matter not feelings and emotions, such as:

  • Information
  • Ideas
  • Facts
  • Opinions
  • Logic
  • Instructions

Of all the relationship-building techniques, it will tend to be the most lengthy and involved; however, if too long, its effectiveness diminishes. Often it’s followed by a closed question such as, “Did I understand you correctly?”

Some examples of summarization include:

  • “Just to make sure I heard you right, Jack, you’d like us to find a way to secure a steady supply of our old product from this vendor, to negotiate a price based upon our minimum usage, and to find someone else to produce our new product.”
  • “To make sure I’m on the same page, let me summarize what I heard. You want to send Sue and Tom out west and to promote Sally to run the plant. Also, you want to find a recruiter to help us to fill Sally’s job and to find us a good service person to manage our top customer.”
  • “It seems that what you’re saying is that you want us to start over.”

From a relational perspective, summarization conveys the feeling that you are:

  • Understanding and valuing what the person is saying
  • Paying attention to detail and quality
  • Someone in whom the person can have confidence

The effect of summarization is to create:

  • A common understanding of what was said
  • Opportunities for correcting any misunderstandings upfront
  • Confidence in your abilities in the eyes of the other person
  • Confirmation that you know what was said or needs to be done

Summarization, is really a result of the other relationship techniques. It’s used less frequently, but when it is it covers a lot of ground – often the entire conversation.  Summarization heads off many problems before they damage relationships. It has helped me much in my career.

 

Other posts in this series:

 


Relationship Building Technique #6: Synchronization

We often don’t learn the value of listening techniques in building relationships. Consequently, people might not realize we are listening; this needs to occur in relationship building.

Synchronization is using words or phrasing of the other person to ask, comment or respond. The technique facilitates communications by ensuring he and you are “speaking the same language.” It’s keying in on the person’s pet words and phrases that emphasize key thoughts or emotions. It can be difficult to use since it requires intense listening and conscious avoidance of mocking or mimicking. We might also require some time and experimentation to ensure we are using the person’s words the way he does.

Some examples of synchronization include:

  • Buzz words, for example:
    • “Reorg”
    • “Rush job”
    • “Strategize”
    • “Devi’s in the details”
  • Acronyms:
    • ASAP
    • RFP
    • Industry specific ones
  • Particular to person:
    • Person: “Run this by Sue before doing anything.” You: “Ok, I’ll run this by her first.”
    • Person: “This is an awesome idea.” You (later in the conversation): “I believe this other idea is awesome too.”
    • Person: “This report has some sound and strong recommendations.” You (later in conversation): “The reasoning behind Tom’s idea is sound and strong.”

From a relational perspective, synchronization conveys the feeling that you are:

  • Complimentary through subtleties
  • Connecting, recognizing similarities
  • “On the same page”

The effect of synchronization is to create:

  • Synergies
  • Perception of being on the same wave length
  • Establish and improve common understandings

Synchronization effectively builds relationships when integrated with other techniques.  It ensures that we use words the other person understands, thus reducing miscommunication. More importantly, since this technique, when done well, is very subtle, it promotes the development of relationships on a more interpersonal, emotional level.

 

Other posts in this series:


Relationship Building Technique #5: Encouragement

We often don’t learn the value of listening techniques in building relationships. Consequently, people might not realize we are listening; this needs to occur in relationship building.

Encouragement directs the other person to elaborate on a point. It’s similar to an acknowledgement except it’s a clearly worded, short statement expressing a more direct interest. It’s also more effective in directing conversation to a previous point. Encouragement usually occurs as a conversational transition from open-ended questions to closed questions.

Some examples of encouragements include:

  • Short statements such as:
    • “Tell me more . . .”
    • “Explain that further …”
    • “Please elaborate …”
    • “Please explain, I’m not sure I understand . . .”
  • Redirections of conversation such as:
    • “A few minutes ago you mentioned the analysis that was done by the group, tell me more about that and its findings.”
    • “Please go back to your comments regarding when you started the project and tell me more about that.”
    • “You mentioned that earlier as well. Elaborate on it since it’s obviously important to you and the team.”

From a relational perspective, encouragements convey the feeling that you are:

  • Interested in the conversation
  • Closely listening when you are able to redirect conversation to a previous point
  • Remembering what was said earlier

The effect of encouragements is to:

  • Encourage further comments especially from quiet people
  • Substantially increase receptivity when redirection occurs
  • Move the conversation to a more personal or confidential level

Encouragements effectively build relationships when integrated with other techniques.  They promote a more casual, interactive, directed and friendly conversation as opposed to an interrogative one. More importantly, through redirection of the conversation to a previous point, they can dramatically convey to others that you’re listening to them.

 

Other posts in this series:

 


Need a Breakthrough? Delegate Upward

A while back, a manager requested my advice about moving a stalled initiative forward. She had sat down with her boss several times to discuss this, but nothing seemed to come from these meetings. After sharing with me her previous conversations on this, I noticed a trend and asked, “Have you ever asked your boss for help?”

She paused and then slowly responded, “No, I haven’t.” So, I went on to suggest that the next time she discusses this initiative with her boss that she begin by asking, “Nancy, I could use your help on something. May I discuss it with you?”

After her boss says, “Yes,” she is to thank her first, then describe her plan for moving the initiative forward and specifically telling her boss how she can help by asking, “Nancy, can you help me by doing . . .?”

Many times, as this manager did, we just expect bosses to suggest their help when we explain a situation. We might also be uncomfortable delegating upward, appearing inadequate or possibly receiving a rejection.

In this situation, the manager successfully moved the initiative forward by following this approach, but the point is this: bosses like to feel helpful too – they’re human. Of course, asking the right way helps. Bosses are more likely to help if we ask in a way that ties their help to us. This personifies our request. For instance, asking, “Can you help me by doing . . .” is much better than just asking, “Can you help?”

So, the next time a project stalls, an effort becomes difficult or a roadblock appears, ask your boss for help. Not only might you solve the problem at hand, but you might build a stronger relationship with your boss.

 


Relationship Building: Insincerity & Personality Differences

In response to my post, “Relationship Building Technique #4: Acknowledgement,” a reader emailed the following observation:

I often find this is a simple [technique], which has a very sensitive component to it and is frequently very “fake” . . . . I know of several peers whom I converse with who “appear” to be practicing acknowledging and listening to others. . . . I have noticed over time, for example, although they may seem engaged and interested at the very moment, they are either preoccupied (and do a good job of hiding it) or are insincere . . . . This is often evident in subsequent conversations with them as you realize they have very little memory of prior conversations. . . .

First, these techniques won’t have the same effect on everyone. Obviously, they didn’t work on this person. However, why this occurred isn’t simply a case of the speakers being insincere; it could just be that they were very different from the listener. The latter could have been born with  much greater sensitivity than the others were and thus greater sincerity.

As a result, despite the listener’s view, it’s very possible that the speakers felt that they were sincere. Furthermore, they might not even be self-aware enough to know they were coming across as insincere. It’s also quite possible that they didn’t care.

We need to remember that any human attribute will vary widely across individual humans. That’s why not remembering might be a sign of poorer memories than the listener’s and not just lesser abilities to express sincerity. Thus, the problem isn’t so much one of sincerity or listening but rather one of differences in personalities. It’s going to be very difficult for less sensitive people to convince those with higher sensitivities that they are being sincere.

 


Relationship Building Technique #4: Acknowledgement

We often don’t learn the value of listening techniques in building relationships. Consequently, people might not realize we are listening; this needs to occur in relationship building.

An acknowledgement is usually a short utterance, statement, phrase, question or gesture. It lets the other person know we are listening, paying attention and interested while remaining non-judgmental. It avoids a conversation from being a monologue especially when the other person is doing most of the talking. Indirectly, it can direct conversations by emphasizing points of interest.

Some examples of acknowledgements include:

  • Single words such as “Yes/No,” “Sure,” “Certainly,” “Amazing!” “Gee!” and “Yeah!”
  • Short phrases or sentences such as “I see,” “I agree,” “That’s amazing,” “I understand,” and “That’s interesting.”
  • Short questions such as “Really?” “Why not?” “Are you joking?”
  • Utterances in the form of sounds such as “Hmm,” “Uh-huh,” exclamation tone in voice, and laughs or chuckles
  • Gestures such as nodding of head, raised or squinting eyebrows, smile or other looks expressing our mood, making direct eye contact on a specific point, moving or leaning forward, and looking at a nearby document that is being referenced

From a relational perspective, acknowledgements convey the feeling that you are:

  • Engaged in the interaction
  • Listening and digesting
  • Perceiving value
  • Complimenting the other person

The effect of the acknowledgement is to:

  • Encourage further comments
  • Lower barriers and increase trust
  • Subtly move the other person to topics you find of interest

Acknowledgements effectively build relationships when integrated with other techniques.  They encourage a more casual, interactive, directed and friendly conversation. By demonstrating that you’re acknowledging what others say; you convey that you’re listening too.

 

Other posts in this series:

 


Real-time Personality Assessment: Freedom-Order Duality

The Freedom-Order duality expresses a dimension of our personality involved in interpreting how we balance freedom and order. It can help us – in real time – understand, appreciate and predict better the reactions of others to such things as processes, decision-making, management, customer service, change and organization.

However, all of this is arbitrary, subjective, meaning different people are comfortable with different levels of freedom and order. To some freedom is chaos because it seems anyone can do whatever he wants. To others order is slavery because there is someone or a rule telling her what to do. Therefore, since there are no absolute states for either, you can be the benchmark as the figure shows. This allows you to assess whether people are more freedom-oriented or order-oriented than you are by the feelings and thoughts they trigger in you.

 

Freedom-Order Duality

 

For instance, more freedom-oriented people might make you feel they are:

  • “Wild cards”
  • Unpredictable
  • Emotional
  • Spontaneous
  • Dynamic
  • Unfocused
  • Disorganized
  • Unprepared
  • Winging it
  • Scattered
  • Undirected
  • Flashy

You might also notice they tend to use words such as these:

  • Flexible
  • Tolerance
  • Independent
  • Different
  • Adaptable
  • Unlimited
  • Dynamic
  • Customize
  • Diverse
  • Free hand
  • Openness
  • Deviate

By contrast, more order-oriented people might make you feel they are:

  • Structured
  • Uptight
  • Controlling
  • Domineering
  • Inflexible
  • Unimaginative
  • Micromanaging
  • Analytical
  • Narrow-minded
  • Detailed
  • “By the book”
  • Rule fanatics

Similarly, you might find them using words such as:

  • Structure
  • Process
  • System
  • Arrange
  • Classify
  • Control
  • Accountable
  • Quantify
  • Collate
  • Distribute
  • Manage
  • Discipline

In our daily business lives, this means adding process and procedures to those who are more freedom-oriented than we are might stir anxious feelings about becoming nothing more than an automaton. Conversely, more flexibility and options to more order-oriented people might trigger anxious feelings about what is the right thing to do.

Once we are sensitive to this, we can better position the change by adapting immediately to what we observe in others. To the freedom-oriented people, we will need to reassure the flexibility of adding their own dimension, and to order-oriented people reassuring clear definitions of their duties will exist. In essence, we personalize our approach and words to by appreciating people and their needs better.

 


Reinvent the Wheel & Prosper!

How many times have you heard, “Don’t reinvent the wheel”? Why is it then that the U.S. Patent and Trademark Office (USPTO) has issued over 30,000 wheel patents since 1790? Moreover, as patent attorney, Lawrence Ebert, indicates, they’re approving about three hundred new ones a year. However, even Lawrence doesn’t tell the whole story.

You see, he only quoted figures from Patent Class 295 (Railway Wheels and Axles) and Class 301 (Land Vehicles: Wheels & Axles). He didn’t include wheels from Class D21 (Games, Toys, and Sports Equipment) which includes the following:

  • Subclass 375: Roulette wheels
  • Subclass 175-177: Steering wheels
  • Subclass 204-213: Toy wheels
  • Subclass 458: Pinwheel
  • Subclass 477: Toys with steering wheels
  • Subclass 543: Paddle wheels
  • Subclass 779: Skating wheels for roller skates and skateboards
  • Subclass 667: Fly Wheels
  • Subclass 763: Rollers
  • Subclass 563: Wheels for toy vehicles
  • Subclass 829: Ferris wheel

Furthermore, he didn’t include Class 472 which contains crank wheels such as those powering our bicycles. He also didn’t include pulleys which fall under Class 474 and various kinds of tires (Class 152) and wheels that fit around other wheels (Class D12)

Now, just imagine if no one “reinvented the wheel.” We wouldn’t have all these wonderful wheels not to mention many folks wouldn’t have jobs and businesses. In short, many people wouldn’t be making the money they’re making now. Technological advancement has come because we like to reinvent things, always making them better and more adaptable to a need.

So, when people say, “Don’t reinvent the wheel,” take them up on the challenge and show them how you can make the “wheel” better and more profitable. Don’t let their lack of creativity chain your creativity and innovativeness to the ground.