Sharpening Your Skills

What if Something Can’t Be Measured

July 4, 2022 By Nagesh Belludi Leave a Comment

During a September-2021 Airlines Confidential podcast (via Gary Leff’s View from the Wing,) former Spirit Airlines CEO Ben Baldanza told an exciting story about the airline industry’s systematic approach to reckon if potential new routes are economically feasible:

For the most part, airlines rely on data—required and reported by the Bureau of Transportation Statistics—on ticket purchases that show the number of people flying a given route and what price. For example, New Orleans, which is home to one of the largest Honduran populations in the U.S., has not had direct service to Honduras. Spirit Airlines will therefore analyze data from Sabre Market Intelligence for 2019 showing O&D (Origin and Destination) traffic between New Orleans and Honduras.

Sometimes, though, there’s no data on historical demand on a route, such as when Spirit Airlines was considering service to Armenia, Colombia. There hadn’t ever been a U.S. carrier flying into the airport, so there wasn’t available traffic data Spirit could access. Instead, Spirit looked at telephone data and migrant remittance statistics to get a sense of ties between the U.S. and the Latin American city. Spirit studied the frequency with which people were calling friends and relatives and how much money and how frequently money was being remitted as a reliable metric to determine if the new route was viable.

Spirit Airlines relies heavily on leisure bookings, especially visiting friends and relatives (VFR) traffic. In the absence of historical yield data for a route being considered, Spirit used fund transfers to Latin America as a stand-in variable.

A surrogate metric or proxy metric is exactly that—a substitute used in place of a variable of interest when that variable can’t be measured directly or is difficult to measure. For example, per-capita GDP is often a proxy for the standard of living, and the value of a house is a stand-in for the household’s wealth. Freight tonnage is often a proxy for economic activity.

Idea for Impact: Relying on intuition for sound decision-making isn’t sustainable, so folks need a systematic approach to making those decisions. Use meaningful proxy and surrogate metrics in your decisions to help overcome inherent biases with what can’t be measured.

Stop Trying to Fix Things, Just Listen!

July 1, 2022 By Nagesh Belludi Leave a Comment

In these distraction-packed times, it’s harder than ever to create the mental and physical space necessary to really listen—actively listen—to another person.

A common listening pitfall is trying to have all the answers. Instead of fully hearing out a friend, you’re scrolling through your brain, being all frustrated that this problem has an obvious solution and concocting a hasty fix.

As a listener, your most important job is to listen with curiosity and immerse yourself in the person’s message. Just try to understand the person and listen to their feelings. Validate their suffering, take their perspective, and let them know you understand. That’s often what people want most.

Idea for Impact: To be a better listener, talk with each other about the ways they’d like you to give support. People have different ways in which they prefer to seek and provide support.

The Best Advice Tony Blair Ever Got: Finding the Time to Think Strategically

June 28, 2022 By Nagesh Belludi Leave a Comment

Former British Prime Minister Tony Blair reminisced, at a 2012 event at the Stanford Graduate School of Business, how easy it is to get so absorbed by the pressures of doing that you rarely ever disentangle yourself from the chock-full of activities and the clutter that can choke strategic thinking.

As the leader of the Opposition, when I went to see him in 1996 at the White House, he explained that one of the hardest things when you get into the government is finding the time to think strategically. It’s being able to create the space so that you’re focused on what you really know counts because otherwise, he said, the system will take you over. You’ll be in meetings from 8:00 in the morning till 10:00 at night, and you think you’re immensely busy, but the tactics and the strategy have all got mixed.

What happens in leadership is that things come at you the whole time. If you’re not careful, you’ll spend your time dealing with one situation after another. You lose your strategic grip on what’ll determine if you’re a successful government. Many of these crises are real, and you must deal with them. But when you judge your government in history, no one will remember any of them. You’ve got to create the space to be thinking strategically all the time to change the world.

Idea for Impact: It’s your strategic thinking, more than any other single activity, that can influence what you’ll achieve as a leader. Find ways to create more “head time” amid the busyness.

How to … Nap at Work without Sleeping

June 27, 2022 By Nagesh Belludi Leave a Comment

Make nap time the new coffee break. A quick snooze boosts productivity and improves memory and problem-solving.

Bill Anthony’s The Art of Napping at Work (1999) states that a shot of shut-eye was an indispensable afternoon pick-me-up for some of history’s greatest achievers, viz., Aristotle, Eleanor Roosevelt, John D Rockefeller, Leonardo da Vinci, Lyndon B Johnson, Margaret Thatcher, Napoleon, Salvador Dalí, Thomas Edison, and Winston Churchill.

According to the University of California-Irvine sleep researcher Sara Mednick, you don’t want to get into a deep sleep because you need to be alert. Her Take a Nap! Change Your Life (2006) uses the term “sleep inertia” to describe the inability to shrug sleep off after a nap. This impaired state worsens as you go deeper and deeper into sleep. So the trick is to avoid getting deep sleep.

If you nap about twenty minutes, you’ll be in light sleep, which is easy to get out of. In other words, twenty minutes is long enough to reach Stage 2 sleep but short enough to ward you off from waking up groggy.

Idea for Impact: Go ahead and snooze for 20 minutes, ideally sometime between 2 p.m. and 4 p.m. Step into bright light or splash your face with water if you need help regaining alertness after the alarm goes off. The post-nap energy spike can last for several hours.

A Quick Way to Build Your Confidence Right Now

June 20, 2022 By Nagesh Belludi Leave a Comment

Guilt, anxiety, and fear usually manifest as a creeping mindset of what’s lacking. You feel you’re not enough, and you don’t have the resources you need to achieve your goals.

Lack of confidence will probably hold you back more than you may acknowledge. Be mindful of your thoughts and address these negative thinking patterns. Notice how you speak to yourself—harping only on what isn’t enough of or what isn’t working doesn’t instill your self-assuredness.

When you spiral about what is lacking, try the Abundance Mentality—it empowers you to believe in your extant ability. You can make do with what you have and overcome any difficulties. This isn’t some naïve “can do” temperament, but it’s an earnest endeavor to muster hope and agency instead of doubt and helplessness.

Idea for Impact: The less you do, the less confident you’ll feel.

Don’t wait until you feel more confident—often, more ruminating leads to analysis paralysis. Self-confidence comes from successful experiences, and to create these successful experiences, take action.

Take a low-risk action to increase your confidence. Assume you’re the most confident self you’ve ever been and do what that self would do. Prioritize your choices and direct your resources to pressing needs, ignoring other goals.

Get Your Priorities Straight

May 28, 2022 By Nagesh Belludi Leave a Comment

Most folks don’t take the time to write down and prioritize their values and goals. That’s the cornerstone of the all time-maximizing strategies.

Without distinct values and priorities, many people devote insufficient time to activities that support their most significant priorities.

No matter your goals, begin by thinking thoroughly about why you are engaging in any activity and what you expect to get out of it. Then be time-conscious. Match your time allocations with these top goals. Deliberately decide if you want to pursue each task required of you. Recall, too, that what you get done, and not time, in and of itself, is the best measure of success.

Beware of Too Much Information

May 25, 2022 By Nagesh Belludi Leave a Comment

Nearly all decision-making models emphasize the need for much information about the situation and options before making a decision.

Information is worthwhile, no doubt, but information can sometimes be less factual or less precise than it may seem. Besides, too much information may distract you from important issues. Scouting for additional data may cloud the picture rather than arm you with crucial information.

Idea for Impact: Be wary of the usefulness and truth-value of the information you have amassed. The solution to being overwhelmed by too much irrelevant information is selecting relevant information—not merely less information.

Bear in mind that there’s always room for new ideas and new perspectives. Review and challenge your current comprehension of the problem you’re confronting. Don’t be afraid to refine your understanding and explore other possibilities.

What Most People Get Wrong About Focus

May 5, 2022 By Nagesh Belludi Leave a Comment

In Choose Wonder Over Worry (2018) self-help author Amber Rae recalls novelist Elizabeth Gilbert’s interaction with a wise older lady who was helping Gilbert with her struggles as a writer:

Lady: “What are you willing to give up in order to have the life you keep saying you want?”

Gilbert: “You’re right—I need to start saying no to things I don’t want to do.”

Lady: “No, it’s much harder than that. You need to learn to start saying no to things you _do_ want to do, with the recognition that you have only one life, and you don’t have time and energy for everything.”

This anecdote is such a powerful illustration of how saying ‘no’ is so much easier when you’re clear about your priorities.

That’s what focus really is—saying ‘no’ to things you’d like to do so that you can free up your time to focus on the pursuits that truly matter—even tasks you have to do, even if they don’t energize and excite you.

Idea for Impact: Setting boundaries isn’t always easy, but it’s essential to establish an overall sense of well-being. Every ‘no’ is a ‘yes’ to something else.

Don’t find any excuse to say ‘yes’ to what shouldn’t be done.
Don’t find any reason to say ‘no’ to what should be done.

Why You Can’t Relax on Your Next Vacation

April 23, 2022 By Nagesh Belludi Leave a Comment

Some managers can’t slow down even on vacation. They keep worrying about their work and won’t come back feeling rested and rejuvenated.

If you feel the added guilt of being away, it may be time for you to look inward and reflect upon your ability to delegate. Don’t bring fear of inadequacy with you on vacation.

Sure, most people responsible for delivering big things find it difficult to be away. Feeling out of control is always stressful. Here’s how to make time off as restful as possible:

Schedule 1-hour check-ins every day.
Manage your team’s expectations and make sure everyone knows what matters you want to be bothered about.
Build-in buffers at both ends. Don’t work right until you leave for the airport and don’t get back to work right off the plane. Schedule an extra day off before you depart and another when you return. Dive back in slowly.

Idea for Impact: Time off should be time off. Get the most out of your time off by unplugging completely.

« Previous Page

Sharpening Your Skills

Wondering what to read next?

Wondering what to read next?

Wondering what to read next?

Wondering what to read next?

Wondering what to read next?

Idea for Impact: The less you do, the less confident you’ll feel.

Wondering what to read next?

Wondering what to read next?

Wondering what to read next?

Wondering what to read next?

Wondering what to read next?