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Right Attitudes

Ideas for Impact

Death to Bureaucracy

September 6, 2017 By Nagesh Belludi Leave a Comment

Bureaucracy can suck the life out of any organization by rewarding complacency and inertia.

Efficient managers are annoyed with the speed of bureaucracy. Internal rules and policies for making and approving decisions slow down managerial undertakings. In a world where fast, disruptive innovation has become foremost, any company can ill afford the time or expense of operating with bureaucratic mindsets.

Management pioneer Peter Drucker’s enduring condemnation of bureaucracy, formalities, and rules and regulations hit the peak with his ground-breaking editorial called “Sell the Mailroom,” first published in the Wall Street Journal in 1989 and then republished in 2005.

At a time when the great majority of businesses were engaged in making an effort to improve the efficiency of support staff, Drucker brashly advocated that bureaucratic support should be eliminated by outsourcing their work to outside contractors. Drucker observed,

In-house service and support activities are de facto monopolies. They have little incentive to improve their productivity. There is, after all, no competition. In fact, they have considerable disincentive to improve their productivity. In the typical organization, business or government, the standard and prestige of an activity is judged by its size and budget—particularly in the case of activities that, like clerical, maintenance, and support work, do not make a direct and measurable contribution to the bottom line. To improve the productivity of such an activity is thus hardly the way to advancement and success. When in-house support staff are criticized for doing a poor job, their managers are likely to respond by hiring more people. An outside contractor knows that he will be tossed out and replaced by a better-performing competitor unless he improves quality and cuts costs.

Idea for Impact: Drop unnecessary work.

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Filed Under: Leadership Reading Tagged With: Getting Things Done, Leadership, Peter Drucker, Winning on the Job

How to Learn Anything Fast // Book Summary of Josh Kaufman’s ‘The First 20 Hours’

September 4, 2017 By Nagesh Belludi Leave a Comment

Every Discipline, Hobby, or Sport Has Its Learning Curve

'The First 20 Hours' by Josh Kaufman (ISBN 1591846943) One of your core productivity principles should be to learn to do things to a good-enough level—but not to perfection.

In the pursuit of self-improvement, when you start to study a field, it seems like you have to learn hundreds of principles and skills. If you’re interested in no more than gaining an adequate amount of fluency in any skill, you have only to identify the crucial few core principles, learn them, and diligently practice them “in the trenches.”

According to self-described “learning addict” Josh Kaufman’s The First 20 Hours: How to Learn Anything… Fast, with a bit of strategy, you can learn just about any skill to a sufficient level with twenty hours of focused effort:

In my experience, it takes around twenty hours of practice … to go from knowing absolutely nothing about what you’re trying to do to performing noticeably well. … It doesn’t matter whether you want to learn a language write a novel, paint a portrait, start a business, or fly an airplane. If you invest as little as twenty hours in learning the basics of the skill, you’ll be surprised at how good you can become.

Learning is Fun but it is also Dedicated Work

One of the real challenges for rapid skill acquisition, according to The First 20 Hours, is to get past the beginner’s blockade, which is the frustration that occurs when learning something new doesn’t come as naturally as you’d hoped for. The solution is to build in focused learning time into your daily routine.

Make dedicated time for practice. The time you spend acquiring a new skill must come from somewhere. Unfortunately, we tend to want to acquire new skills and keep doing many of the other activities we enjoy, like watching TV, playing video games, et cetera. “I’ll get around to it, when I find the time,” we say to ourselves. Here’s the truth: “finding” time is a myth. No one ever “finds” time for anything, in the sense of miraculously discovering some bank of extra time, like finding a twenty-dollar bill you accidentally left in your coat pocket. If you rely on finding time to do something, it will never be done. If you want to find time, you must make time.

The First 20 Hours tells you how to use the initial learning time to maximum effect and have as steep a learning curve as possible. To learn a skill, you must deconstruct the skill into its constituent subskills and learn enough about each subskill to be able to practice effectively and self-correct. For instance, Kaufman finds a shortcut to learning how to play the ukulele by memorizing the three chords needed for the majority of songs, which happen to be C, F, and G.

How to Learn Anything Faster

The first three rambling chapters of The First 20 Hours introduce many general principles of rapid skill acquisition and effective learning. The six succeeding chapters give Kaufman’s firsthand accounts of how he applied these principles to learn yoga, programming, touch-typing, a Chinese board game called Go, ukulele, and windsurfing. The chief takeaways from these chapters are,

  • Study, by itself, is never enough. If you want to get good at anything where real-life performance matters, you have to practice that skill in context.
  • Invest your limited time on the sub-skills with most payback and avoid those elements of the skill that are non-essential.
  • Create mental models and checklists for remembering the things you need to do each time you practice. It helps make the learning process more efficient.

Recommendation: Skim Josh Kaufman’s The First 20 Hours: How to Learn Anything… Fast. Start with the author’s TED video and then speed-read the first three chapters (39 pages) and the prologues. Read the subsequent six chapters only if the subject matter particular skills fascinate you—these monotonous chapters expose the many nuances of the trial and error in the course of learning.

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Filed Under: Sharpening Your Skills Tagged With: Books

Inspirational Quotations #700

September 3, 2017 By Nagesh Belludi Leave a Comment

Age is not a particularly interesting subject. Anyone can get old. All you have to do is live long enough.
—Groucho Marx (American Actor)

He abused me, he beat me, he defeated me, he robbed me,–in those who do not harbour such thoughts hatred will cease.
—The Dhammapada (Buddhist Anthology of Verses)

Winning is a habit. Unfortunately, so is losing.
—Vince Lombardi (American Sportsperson)

The guilty think all talk is of themselves.
—Geoffrey Chaucer (English Poet)

There are compensations for growing older. One is the realization that to be sporting isn’t at all necessary. It is a great relief to reach this stage of wisdom.
—Cornelia Otis Skinner (American Dramatist)

You can never get enough of the things you don’t need, because the things you don’t need can never satisfy.
—Marvin J. Ashton (American Mormon Religious Leader)

All paths are present, always… and we can but choose among them.
—Jacqueline Carey (American Novelist)

Man is the creature of circumstances.
—Robert Owen (British Social Reformer)

Be tough where you must be, kind where you can be.
—Marty Nemko (American Career Coach, Author)

Spirituality is neither the privilege of the poor nor the luxury of the rich. It is the choice of the wise man.
—Swami Chinmayananda (Indian Hindu Teacher)

Good ideas are not adopted automatically. They must be driven into practice with courageous patience.
—Hyman G. Rickover (American Military Leader)

That is true wisdom, to know how to alter one’s mind when occasion demands it.
—Terence (Ancient Roman Playwright)

A man must be obedient to the promptings of his innermost heart.
—Robertson Davies (Canada Journalist)

Doubt is the incentive to truth and inquiry leads the way.
—Hosea Ballou (American Universalist Clergyman)

The more specific and measurable your goal, the more quickly you will be able to identify, locate, create, and implement the use of the necessary resources for its achievement.
—Charles J. Givens (American Self-Help Writer)

Filed Under: Inspirational Quotations

An Old Joke about Accounting and Leadership

September 1, 2017 By Nagesh Belludi Leave a Comment

A man in a hot air balloon gets lost over Nebraska. He has no idea where he is or where he is going. He does not see anybody… nothing but farmland as far as the eye can see.

Eventually, he sees a woman down in a field. He goes down and cries out to her, “Where am I? I’m already an hour late for an appointment!”

She hollers back, “You’re at 42 degrees 15 minutes and 4 seconds North latitude and 98 degrees 12 minutes 15 seconds West longitude.”

The man yells out, “You must be an accountant.”

“Hmm … how did you guess?”

“Your information is absolutely precise and accurate … but totally useless.”

“You must be an executive.”

“Yes … but how do you know?”

“You’re higher up, you do not know where you are, you do not know where you’re going, you’re over-scheduled, and you blame your subordinates—someone below you.”

Reference: A Year with Peter Drucker by Joseph A. Maciariello

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Filed Under: Leadership Tagged With: Leadership Lessons, Parables, Peter Drucker

Smart Folks are Most Susceptible to Overanalyzing and Overthinking

August 30, 2017 By Nagesh Belludi 8 Comments

Many High-IQ People Tend to Be Overthinkers: They Incessantly Overanalyze Everything

There’s this old Zen parable that relates how over-analysis is a common attribute of intelligent people.

A Zen master was resting with his quick-witted disciple. At one point, the master took a melon out of his bag and cut it in half for the two of them to eat.

In the middle of the meal, the enthusiastic disciple said, “My wise teacher, I know everything you do has a meaning. Sharing this melon with me may be a sign that you have something to teach me.”

The master continued eating in silence.

“I understand the mysterious question in your silence,” insisted the student. “I think it is this: the excellent taste of this melon that I am experiencing … is the taste on the melon or on my tongue …”

The master still said nothing. The disciple got a bit frustrated at his master’s apparent indifference.

The disciple continued, ” … and like everything in life, this too has meaning. I think I’m closer to the answer; the pleasure of the taste is an act of love and interdependence between the two, because without the melon there wouldn’t be an object of pleasure and without pleasure …”

“Enough!” exclaimed the master. “The biggest fools are those who consider themselves the most intelligent and seek an interpretation for everything! The melon is good; please let this be enough. Let me eat it in peace!”

Intelligence Can Sometimes Be a Curse

The tendency to reason and analyze is a part of human nature. It is a useful trait for discerning the many complexities of life. It’s only natural that you could go overboard some times and over-analyze a point or an issue to such a degree that the objective becomes all but moot.

Don’t get me wrong. Intelligence is indeed a gift. But intelligence can trick you into thinking you should be overthinking and calculating everything you do. The more intelligent you are, the more investigative you will be. The more your brain analyzes people and events, the more time it will spend on finding flaws in everything.

Intelligent People Overanalyze Everything, Even When it Doesn’t Matter

Many intelligent people tend to be perfectionists. Their overanalysis often cripples their productivity, especially by leading them to undesirable, frustrating, and low-probability conclusions that can limit their ability to understand reality and take meaningful risks.

Intelligent people are too hard on themselves and others—family, friends, and co-workers. They can’t settle for anything less than perfect. They tend to be less satisfied with their achievements, their relationships, and practically everything that has a place in their life. What is more, many people with speculative minds hold idealistic views of the world and lack a sound acumen about coping with the practical world.

Idea for Impact: Don’t Make Everything Seem Worse Than it Actually is!

Thinking too much about things isn’t just a nuisance for you and others around you; it can take a toll on your well-being and on your relationships.

Check your tendency to overthink and overanalyze everything. Don’t twist and turn every issue in your head until you’ve envisaged the issue from all perspectives.

Sometimes it does help to overthink and be cautious about potential risks and downfalls. But most times, it’s unnecessary to ruminate excessively. Don’t make everything seem worse than it actually is. Set limits and prioritize. Learn to let go and manage your expectations.

To avoid overthinking, use my 5-5-5 technique. Ask yourself if your decision will matter 5 weeks, 5 months, and 5 years in the future. If your answer is ‘no,’stop stressing yourself out!

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Filed Under: Mental Models, Sharpening Your Skills Tagged With: Confidence, Critical Thinking, Decision-Making, Mindfulness, Perfectionism, Problem Solving, Risk, Thinking Tools, Wisdom

The Fermi Rule: Better be Approximately Right than Precisely Wrong

August 28, 2017 By Nagesh Belludi 1 Comment

What’s the size of the market for razors in China? How many golf balls does it take to fill a Boeing 747 aircraft? How many piano tuners are there in the world?

Non-standard problems such as these are called “Fermi problems” after the distinguished Italian-American nuclear physicist Enrico Fermi (1901–54.) Fermi delighted not only in creating and solving them, but also in challenging his fellow scientists with similar problems.

Physicist Enrico Fermi Was a Master of Guesstimation

Fermi was celebrated for his ability to make fast, excellent approximate calculations with little or no concrete data. In one well-known example, when the first atomic bomb was detonated during the Manhattan Project, Fermi dropped a few scraps of paper as the shock wave from the detonation passed. After some coarse calculation, Fermi estimated the power of the blast from the motion of the scraps as they fell. Fermi’s guesstimate of 10 kilotons of TNT was remarkably close to the now-established value of 20 kilotons. Even though Fermi’s estimate appears 50% off, it was a reasonable order-of-magnitude estimate.

Fermi believed that the ability to guesstimate was an essential skill for physicists. A good way to solve physics problems—and complex problems in any line of work—is by coming up with simple shortcuts to make approximate, but meaningful, calculations.

Teaching Physics Students the Fermi Way of Contemplating Open, Non-Standard Problems

Based on Fermi’s technique, at the beginning of many physics courses, professors pose problems such as “how many piano tuners are there in Chicago?” Such questions require students to employ quick reasoning and unsophisticated numerical methods to attack problems without the knowledge of any core physics concepts.

The historical emphasis on the order-of-magnitude calculation was propelled by the lack of computing power available to solve complex problems. Such approximate calculations were considered necessary to decide if an onerous and lengthy full-blown calculation was required.

Classic Fermi Problem: Number of Piano Tuners in the City of Chicago

'Guesstimation' by Lawrence Weinstein (ISBN 069115080X) Fermi problems are typically restructured by breaking them up into smaller problems that are easier for the students to approach than the original problem.

The challenge of estimating the number of piano tuners in the city of Chicago is the classical example of a Fermi Problem. A problem-solver guesstimates the total population of Chicago, then the fraction of families in Chicago that may own a piano, and the frequency of piano-tuning, the time it takes to tune a piano, and so on. This sequence of thinking, accompanied by a few conversion factors, can lead to an adequate assessment of the number of piano tuners in Chicago.

Back-of-Envelope Calculations for Fermi Problems

The Fermi technique is so popular that math buffs organize competitions in Fermi’s honor. Contestants are asked to estimate unusual assessments (the fraction of the surface area of the United States that’s covered by automobiles, the number of cells in the human body, the number of pizzas ordered this year in the state of California, for example) as closely as they can.

One distinctive feature of Fermi problems is that precision is impossible to achieve quickly, but it’s easier to arrive at a fast estimate of the range for the right answer. Before investing a big effort to measure something with precision, problem-solvers can estimate the answer approximately—and only then determine if it’s sensible to do the extra steps to calculate the accurate answers.

The Ability to Guesstimate: A Key Problem-Solving Aptitude

The ability to reach first-order estimations is an important skill in daily life. In a world where we are continuously bombarded with qualitative and quantitative information (and disinformation,) acquiring a solid grounding in numeric literacy has almost become an important intellectual obligation.

'Street-Fighting Mathematics' by Sanjoy Mahajan (ISBN 026251429X) Many problems are too complicated for you to come up with an accurate answer immediate. In analyzing such problems, precision may be impossible, but you can quickly estimate a range for the right answer. Guesstimation enables anyone with basic math and science skills to estimate virtually anything quickly using realistic assumptions and elementary mathematics.

Microsoft, McKinsey Consulting, Google, Goldman Sachs, and many leading businesses use guesstimate questions in job interviews to judge the ability of the applicants’ intelligence, their flexibility to think on their feet, and to apply their numerical skills to real-world problems.

Idea for Impact: Use Effective Guesstimation Techniques Before Undertaking a More Complete and Formal Investigation

Learn to do a first approximation of value and then, if the problem merits, refine your estimate further for much nuanced decision-making. Before putting much effort into calculating anything with precision, make a rough estimate of the answer, then decide whether it’s worth investigating further.

In my line of work as an investor, for example, I use fund manager Eddy Elfenbein’s “simple stock valuation measure”:

Growth Rate/2 + 8 = PE Ratio

Let me emphasize that this is simply a quick-and-dirty valuation tool and it shouldn’t be used as a precise measure of a stock’s value. But when I’m first looking at a stock and want to see roughly how it’s priced, this is what I’ll use.

For example, let’s look at Pfizer ($PFE). Wall Street expects the company to earn $2.34 per share next year. They also see the company’s 5-year growth rate at 2.79%. If we take half the growth rate and add 8, that gives us a fair value P/E Ratio of 9.40. Multiplying that by the $2.34 estimate gives us a fair price for Pfizer of $21.98. The current price for Pfizer is $22.98, so it’s about fairly priced.

Let’s look at IBM ($IBM) which has a higher growth rate. Wall Street sees IBM earning $16.61 next year. They peg the five-year growth rate at 10.58%. Our formula gives us a fair value multiple of 13.29, and that multiplied by $16.61 works out to a value of $220.75. IBM is currently at $201.71.

Recommended Resources for Guesstimation

If you’re interviewing with one of those companies that use guesstimate questions in job interviews, or if you’re interested in developing your ability to make rough, common-sense estimates starting from just a few basic facts, I recommend the following learning resources:

  • Guesstimation: Solving the World’s Problems on the Back of a Cocktail Napkin by Lawrence Weinstein and John A. Adam is a fun introduction to guesstimation.
  • Sanjoy Mahajan teaches a course on “down-and-dirty, opportunistic problem solving” at MIT. His Art of Approximation in Science and Engineering course is accessible free of charge on OpenCourseWare. Mahajan has also written the resourceful textbook Street-Fighting Mathematics: The Art of Educated Guessing and Opportunistic Problem Solving.

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Filed Under: Great Personalities, Mental Models, Sharpening Your Skills Tagged With: Decision-Making, Interviewing, Problem Solving, Thought Process

Inspirational Quotations #699

August 27, 2017 By Nagesh Belludi Leave a Comment

We never make a decision. When the time is right, the decision makes itself.
—Byron Katie (American Speaker)

By correcting our mistakes, we get wisdom. By defending our faults, we betray an unsound mind.
—Buddhist Teaching

The rich add riches to riches; the poor add years to years.
—Chinese Proverb

He who wants a rose must respect the thorn.
—Persian Proverb

The tests of life are not meant to break you, but to make you.
—Norman Vincent Peale (American Clergyman, Self-Help Author)

Look before you leap.
—Common Proverb

Perfect happiness is the absence of striving for happiness.
—Zhuang Zhou (Chinese Philosopher)

Is any man free except the one who can pass his life as he pleases?
—Persius (Roman Poet)

Philosophy of science is about as useful to scientists as ornithology is to birds.
—Richard Feynman (American Physicist)

The true battlefield is within.
—Mohandas K. Gandhi (Indian Hindu Political leader)

The desire for more and more wealth is dangerous. Cultivate the good sense to give up your desires. Wealth is the result of past deeds. Therefore be content with what you have.
—Adi Shankaracharya (Indian Hindu Philosopher)

The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will.
—Vince Lombardi, Jr.

Suffering cheerfully endured, ceases to be|suffering and is transmuted into an ineffable joy.
—Mohandas K. Gandhi (Indian Hindu Political leader)

When you think you can nail someone with your argument, take a breath & see if you can phrase it as a face-saving question.
—Marty Nemko (American Career Coach, Author)

If we divine a discrepancy between a man’s words and his character, the whole impression of him becomes broken and painful; he revolts the imagination by his lack of unity, and even the good in him is hardly accepted.
—Charles Cooley (American Sociologist)

The laughter of girls is, and ever was, among the delightful sounds of earth.
—Thomas de Quincey (English Essayist)

Every man who has become great owes his achievement to incessant toil.
—Mokshagundam Visvesvaraya (Indian Engineer)

Self-understanding, like happiness, is never fully achieved. It’s an on-going pursuit and sometimes excessive explicit focus hurts the cause.
—Ben Casnocha (American Entrepreneur, Investor)

Where your heart is, there your heart be.
—The Holy Bible (Scripture in the Christian Faith)

Filed Under: Inspirational Quotations

Moral Self-Licensing: Do Good Deeds Make People Act Bad?

August 25, 2017 By Nagesh Belludi Leave a Comment

When People Do Something ‘Good’ They Feel Licensed to Do Something ‘Bad’ Later

Being—and being seen—as moral, ethical, and principled is an important part of people’s self-concept.

Social psychologists have studied the tendency of people using their prior moral actions to license future morally questionable actions. According to these studies, prior to making morally important decisions, people may survey their previous moral actions. If they recollect engaging in virtuous moral behavior in the past, they may subsequently become less bothered about engaging in morally questionable behavior.

Prior Actions Can Affect Individuals’ Future Behavior

Past good deeds can license people to engage in behaviors that are immoral, unethical, if not problematic—behaviors that they would otherwise avoid for fear of feeling or appearing immoral. The deep-seated human tendency that makes people feel entitled to do something less moral because they’ve done something moral previously is called “moral self-licensing.”

Psychologists reason that people’s previous actions may cause them to feel more self-possessed in their own moral self-worth. As a result, this claim licenses their choice of a more self-indulgent moral choice.

Conversely, when people appear immoral or devious to others, they subsequently take up positive actions to restore their moral image. Psychologists identify this as “compensation or cleansing.”

When ‘Good’ Behavior Supposedly Counteracts Doing Something ‘Bad’

Moral self-licensing has been demonstrated in several realms of human judgment. However, in my opinion, much of the cause-and-effect narratives seem ambiguous. For instance,

  • In a set of pioneering studies, participants who established their racial non-prejudiced attitudes by endorsing President Obama or through selecting a black person for a consulting firm job were subsequently more likely to make pro-white decisions.
  • In one test, after subjects were given a chance to condemn sexist statements, they were found to be subsequently more likely to support hiring a man in a male-dominated profession.
  • One study on consumer behavior suggested that shoppers who brought their own bags felt licensed to buy more junk food.

Contribution Ethic and “Prospective Moral Licensing”

A phenomenon related to moral self-licensing is “contribution ethic” or the “moral credential effect.” When people feel they’ve done their fair share for some noble cause, they decide they need do no more. In one study, after people participated in a pro-social deeds (e.g., doing something good for the cause of the environment,) they felt licensed to behave more selfishly later (e.g., donating less to an environmental program). Another study showed that people who drive hybrid cars tend to get more tickets and cause more accidents than do drivers of conventional cars.

Some studies have suggested that just thinking about past moral behavior or writing about oneself as a moral person can decrease the likelihood of subsequently performing altruistic acts—such as decreasing contributions to charitable causes or being less engaging in cooperative behavior towards friends and colleagues.

Finally, simply planning to do good later can allow people to be bad now. Some studies suggest that when people merely plan to engage in a moral behavior in the future, they feel licensed to respond in a morally questionable way in the present. Psychologists identify this as “prospective moral licensing.”

Idea for Impact: Past Moral Deeds Could Make People Do Morally Wrong Things

Part of becoming wise to the ways of the world and getting along with people is understanding the many peculiarities of human behavior. Learning why people feel licensed to engage in potentially immoral behavior given their demonstrated moral behavior allows for a better understanding of the world in which we live.

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Filed Under: Managing People, Sharpening Your Skills Tagged With: Attitudes, Character, Ethics, Integrity, Leadership, Psychology

How to Manage Smart, Powerful Leaders // Book Summary of Jeswald Salacuse’s ‘Leading Leaders’

August 22, 2017 By Nagesh Belludi Leave a Comment

The Most Valuable People are Often the Most Difficult to Manage

As you climb the career ladder, you will find yourself working increasingly with many other powerful leaders—both inside and outside your organization—who hold the key to your success. Often, you may share responsibility and control with a variety of leaders over whom you may lack authority and influence. Compared to others you’ve worked with in the past, many of these leaders will be more talented, ambitious, competitive, accomplished, assertive, controlling, and ego-centric.

According to by Jeswald W. Salacuse’s Leading Leaders (2005), driving change when you lack influence over other leaders requires you to tread carefully. You must employ all the diplomatic and tactical skills at your command. “Your ability to lead other leaders arises not just from your position, resources or charisma, but from your will and skill.”

The Only Way to Lead Leaders is to Do What is in Their Interests

'Leading Leaders' by Jeswald Salacuse (ISBN 0814434568) Salacuse’s central idea in Leading Leaders: How to Manage Smart, Talented, Rich, and Powerful People is that your success depends exclusively on your personal ability to negotiate shared and conflicting objectives, and subordinate your interests to theirs. “Move your followers to take action by characterizing a problem or challenge in such a way that it is in their interests to do something about it.”

To do this, you must determine the interests of those you wish to lead and then make it loud and clear to them that you are indeed serving their interests. This requires meticulous listening, reframing of your objectives in terms of their interests, and respecting their authority and autonomy.

Salacuse breaks the challenge down into “seven daily tasks,” each of which takes a chapter in Leading Leaders.

  1. How to Direct and Negotiate the Vision: To negotiate a compelling vision for your organization that other leaders will buy into, decide on your direction for them and then have a strategic conversation on that subject. Lead an open discussion that allows for their enthusiastic participation. Do not impose your new vision from the top. Through a series of premeditated questions, pilot them to your conclusions. Such collaboration ensures that the leaders will own and support the decisions you select for them. Learn to identify those internally influential people relevant to your objectives and appeal to them. “Beware of becoming so intoxicated by your own vision that you fail to see clearly the reservations that members of your organization may have about pursuing that vision enthusiastically.”
  2. How to Integrate and Make Stars a Team: Your job as the leader is to make sure that all the members of your organization understand that they have common values, shared history, and collective interests. Focus on communication. Demonstrate both by word and by deed that you put the interests of the organization above your own. Understand the nature of the cultural differences that may divide your organization’s leaders and then seek to find ways to bridge any gaps. “Deal directly with other leaders who are spoilers by converting them or isolating them.”
  3. How to Mediate and Settle Leadership Conflicts: The more autonomous the other leaders are, the greater the odds of conflict over turf, power, style, and goals. A leader must intervene and mediate when other leaders come to disagreement. When conflicts arise, read between the lines. Observe the adversaries’ interactions, and find ways to improve communication. Look beyond the conflicting parties’ stated positions; probe for deeper interests. Work as a bridge, and find areas of agreement that can resolve the conflict. Consider how you could apply the six mediation power tools (incentives, coercion, expertise, legitimacy, reference, and coalition) most effectively to resolve conflicts. “A mediator, unlike an arbitrator or judge, has no power to impose a solution.”
  4. How to Educate People Who Think They are Already Educated: Approach your teaching role tactfully. Leaders tend to be proud and sensitive—they may begrudge being treated as unqualified, unskilled, or inexperienced. Before you instruct them, make sure you understand their frame of reference. To the maximum extent possible, do your educating one-on-one, rather than in groups. Actively involve and invite their contributions. The command and control method of instructing them will be ineffective. Instead, use the Socratic Method—ask questions that encourage people to discover the truth for themselves. “In leading leaders, the most effective instrument is not an order but the right question.”
  5. How to Motivate and Persuade Other Leaders: Learn as much as you can about other leaders—their backgrounds, interests, and their goals. Design the specific, personalized incentives that will accord with their interests—only individualized incentives persuade people to act in desired ways. Agree on future goals for the short term, medium term, and long term, and show how those goals relate to those of your organization. Be open and transparent with information so everyone knows where they are and where they are going. “Motivate your followers by envisioning a future that will benefit them and communicating that future to them in a convincing way.”
  6. How to Represent Your Organization to the Outside World: As a leader, you are always on the stage. Everything you do will be subject to scrutiny. Your every action and statement, whether in public or in private, can affect your organization’s relationships with the outside world—customers, competitors, regulators, media, investors, and the public in general. Actively manage their perceptions and expectations. If those interests are dysfunctional or unworkable, seek to change or transform them through one-on-one diplomacy. “One of the most important functions that leadership representation serves is the acquisition of needed resources.”
  7. How to Create Trust to Get the Most out of Your Leadership: People will trust you not because of your appeal, charm, or foresight, but because they’ve decided that aligning with your leadership will move their interests forward. Understand the people you lead and know their interests. Manage their expectations and deliver what you’ve promised. Reinforce your communications during problems and crises. Be consistent and predictable in your actions. “Openness is not just an easy smile or a charming manner; it refers to the process by which you make decisions that have implications for your followers’ interests.”

Tact and Diplomacy Matter More When Leading Other Powerful Leaders

Recommendation: Read Jeswald W. Salacuse’s Leading Leaders. This excellent book’s insights make a great template for the basics of executive leadership. You can especially learn how to gain persuasive skills in situations where you may not have much influence.

Beyond the academic pedantry (the author is a professor of law, diplomacy, and negotiation,) the abundant examples from political leadership are far more multifaceted than the narratives in Leading Leaders tend to imply, but they serve as good cases in point.

Leading Leaders offers a matchless resource in documenting what constitutes effective emotional leadership, which is, in spite of everything, all about persuasive power and influence to get things done through people. The key learning point is, “In developing your leadership strategies and tactics, you need to take account of the interests of the persons you would lead. Leading leaders is above all interest-based leadership. Leaders will follow you not because of your position or charisma but because they consider it in their interest. Your job as a leader is to convince them that their interests lie with you.”

Wondering what to read next?

  1. A Guide to Your First Management Role // Book Summary of Julie Zhuo’s ‘The Making of a Manager’
  2. Five Rules for Leadership Success // Summary of Dave Ulrich’s ‘The Leadership Code’
  3. The Spectacular Rise and Fall of Avon’s Andrea Jung // Book Summary of Deborrah Himsel’s ‘Beauty Queen’
  4. Eight Ways to Keep Your Star Employees Around
  5. Never Criticize Little, Trivial Faults

Filed Under: Leadership Reading, Managing People Tagged With: Books, Coaching, Conflict, Getting Along, Goals, Great Manager, Leadership Lessons, Management, Mentoring

Inspirational Quotations #698

August 20, 2017 By Nagesh Belludi 1 Comment

New ideas are one of the most overrated concepts of our time. Most of the important ideas that we live with aren’t new at all.
—Andy Rooney (American Writer)

Winning isn’t everything, but wanting to win is.
—Vince Lombardi (American Sportsperson)

The fool knows after he’s suffered.
—Hesiod (Greek Poet)

All you have shall some day be given; therefore give now, that the season of giving may be yours and not your inheritors.
—Khalil Gibran (Lebanese-born American Philosopher)

Wisdom too often never comes, and so one ought not to reject it merely because it comes late.
—Felix Frankfurter (American Judge)

Often you just have to rely on your intuition.
—Bill Gates (American Businessperson)

No one person can possibly combine all the elements supposed to make up what everyone means by friendship.
—Francis Marion Crawford (Italian-born American Novelist)

Conscience serves us especially to judge of the actions of others.
—Jean Antoine Petit-Senn (Swiss Poet)

Humans seek happiness as an end in itself, not as a means to something else.
—Aristotle (Ancient Greek Philosopher)

Occasionally, a man must rise above principles.
—Warren Buffett (American Investor)

A man who waits to believe in action before acting is anything you like, but he’s not a man of action. It is as if a tennis player before returning a ball stopped to think about his views of the physical and mental advantages of tennis. You must act as you breathe.
—Georges Clemenceau (French Head of State)

Children should be led into the right paths, not by severity, but by persuasion.
—Terence (Ancient Roman Playwright)

The essence of life is finding something you really love and then making the daily experience worthwhile.
—Denis Waitley (American Motivational Speaker)

Filed Under: Inspirational Quotations

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About: Nagesh Belludi [hire] is a St. Petersburg, Florida-based freethinker, investor, and leadership coach. He specializes in helping executives and companies ensure that the overall quality of their decision-making benefits isn’t compromised by a lack of a big-picture understanding.

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