Category Archives: decision making

When It’s Time to Let Go

Taking a break at the cowboy coffee house in Cochrane, Alberta

I was talking to my motorcycle mechanic about my latest acquisition, when a quote from Drucker came to mind:

If we did not do this already, would we go into it now?” If the answer is no, the reaction must be “What do we do now?” Very often, the right answer is abandonment.

I spent two years rebuilding my last motorcycle’s carburetors. I’d never done it before. I figured it would be a fun project to do with my buddy. It turned into an epic trial spanning multiple spare parts, nested layers of mechanical failure, and mishaps such as screws dropped into the engine. I could have taken that time, got a weekend job driving a cab, and bought myself a new bike.

The upside was that I did get to spend time with my buddy, mostly in an unheated Canadian garage. So when he found a $100 bike last fall, and it ran well, I jumped at it. Cosmetically it looked bad, but I’d rather be riding than busting my knuckles turning wrenches.

Third ride out, however, it started backfiring, stalling, and losing power. I took it down to my local mechanic who, after a quick inspection, identified about $2000 worth of work. Only two out of four cylinders were firing, the chain rusted out, there was an oil leak, and the carburetors were also leaking. This last one got my attention, as memories of busting knuckles in a cold garage came flooding back.

So I sold it to him for $200 in trade. He’s going to break it down for parts. For the money I would have spent fixing that one up I’d still have a bike that was only worth $100. I’m better off saving my pennies and spending that money buying a new, better looking, mechanically sound bike that I can actually enjoy riding. Sometime before another two years elapses.

As leaders we have to ask ourselves the tough questions:

  • What parts of your business are sucking up more time and energy than their worth, draining the life and joy from the rest of the company?
  • Which employees have you kept because you have an emotional investment in them unsupported by performance or results?
  • What opportunities are slipping away from you because you’ve been focused for too long on fixing something that’s not working and that isn’t your core business?

What Do Rituals Have To Do With Business?

I had a boss once who had three levels of acknowledgement. When he was being briefed on a project or program and he agreed he would say just that: “Agreed”. It meant you had his approval. If he said “Understood”, he got what you were saying but didn’t necessary like what you were doing. If he said “Noted”, you had failed. It got to the point were we were anticipating his response, cheering when somebody got the coveted “Agreed”, and moaning when somebody failed and got the dreaded “Noted”. It gave us a sense of shared community and took some of the sting out the rebuke. It spurred us on to do better next time.

Every organization has its own language, rituals, and rhythm. Military and para-militaries are an obvious example, as are religious groups. But also businesses volunteer and community groups, sports teams, and families all have their accepted ways of communicating and making decisions. Some are more functional than others.

Discipline or Regret

Communications need a structure. “You can run your business with discipline, or you can run you business with regret.”* I would add that you also need to run you business with intent. Every meeting, celebration, and contact inside and outside a business need to support the purpose and vision of that company. Daily, weekly, monthly, quarterly, and yearly meetings each need their own purpose. They need to follow a simple format with some structure. And when things are busy, that doesn’t mean fewer meetings.

Focused, clear communications are even more important when we’re under the gun. An army unit can give us a great example of this. When an infantry company is in garrison, training, or otherwise in a relaxed state weekly briefings are probably sufficient. Would this be acceptable in theatre, or in combat operations? Absolutely not. So why is it acceptable for businesses to complain that they don’t have time for meetings? They’re right, in a way. They don’t have time for unfocused, un-informative, un-productive meetings.

If people hate meetings in your company, it’s probably because you run them badly, and your leadership doesn’t know how or doesn’t have the fortitude to run them correctly. It’s a basic management skill that every leader needs to learn and practise.

Your Meeting Checklist

Here are a couple of items you can check the meetings you run. They’re not rocket science, but like the skating and puck-handling in hockey, if you don’t have mastery of the basics then you can’t move to the next level.

Give yourself a passing grade only if you can say yes to all of the following:

1. It starts on time
2. Only the people who need to be there are invited and show up
3. It has an agenda that is distributed ahead of time
4. It sticks to the agenda
5. Everybody is physically, mentally, and emotionally present and contributes to the conversation, debate, or decision without fear of retribution or punishment for speaking honestly
6. It ends on time
7. Who is going to what by when has been decided, written down, and distributed to all attendees

If It’s Not Your Meeting

Even if it’s not your meeting to run, there are still some things you can do to make meetings in your organization more effective:

1. Sit up and pay attention. Face whoever is speaking. It’s a great opportunity to build relationships by supporting your fellow dwellers of whatever particular level of hell you’re trapped in together.

2. Put away your laptop and smart-phone. This is a variation of the previous point. You’re not fooling anybody with your “Blackberry Prayer”, and it’s insulting that you think they are How about turning off the laptop and actually being present instead of just doing your e-mail in the same room as a bunch of other people who are ignoring each other?

If You’re Still Not Convinced

If you’re still not convinced that ritual and structure have a place in business consider this. When Scouting was established in 1907, it got started with a set of rituals. Ceremonies for opening a meeting, closing a meeting, inducting new members, passing graduating members out. The Scouts learn ceremonies for deciding discipline for their peers, planning camping activities, and running campfires.

First they learn the “ritual”, and within that they make all the decisions and execute their work (going to camp, cooking their own food, earning merit badges). The structure of the patrols and troop give the youth the process they need to make and carry out their decisions. The same rituals work if it’s just a local Scout troop meeting with a dozen kids, or a World Jamboree with 10,000.

So how would it feel if a troop of fifteen-year-old boys and girls ran and executed meetings better than your company does? Who provides the “adult” supervision in your company?

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What’s the worst meeting you’ve been in? The best? Does your company have standard agendas for daily, weekly, monthly, quarterly, and annual meetings?

The Only Thing That Has Ever Changed the World

This RSA talk on the 21st Century Enlightenment grounds us back to thinking where we *should* be going, and is a thought-provoking bit of animated lecture (which is also fun to watch!).

Some highlight from just the first four minutes:

  • If you want to be happy throw away all those self-help books and surround yourself with happy friends
  • We are bad decision makers
  • We are very very bad at predicting what will make us happy, but also bad at understanding what made us happy in the past.
  • Recent insights into human nature help us make better decisions.

The only thing that has ever changed the world? Watch the clip and find out.

Other posts about change:
How to Persuade – and what doesn’t work
Take Care of Yourself First – because performance isn’t the only thing you’re judged on
When You Screw Up (and you will) – turning failure to your advantage, or at least take the sting out

How Executives Make Decisions

What do you find if you go through interviews with 6,500 executives and figure out what drives the best decision makers?  What behaviours do you want to hire for if you’re looking for somebody to fill a key role in your organization?

Bias to action, passion to succeed, and resourcefulness.

The best executives and leaders are curious and learn at light speed. They are humble and have no problem abandoning dumb ideas.

They guard their time jealously  – deciding not what to spend their time, learning just enough to dismiss an idea or decide to spend more time on it

The best have a habit of disciplined systematic analysis. Whether it takes minutes or weeks, or it’s done on the back of envelope, or a thorough, disciplined, formalized decision-making process. Whether their choosing a summer camp for their children or deciding the strategic direction of a multi-national.

They build long-term relationships with people they trust that they can instantly tap for advice and support.

The best take responsibility. While they get input from everywhere and everybody this does not mean they rely on consensus or vote. They want to be challenged, but will decide based on what they think is best. When they make a poor decision, they take the heat and learn from it. The bias for action needs is  balanced by humility.

Then they execute. Strategy without execution is useless, execution without strategy is aimless. Success requires great execution, over-communication, patience, resourcefulness, and persistence.

Heading Out On Your Own? Here’s What You Need To Do

I was having coffee with a (different) friend and former co-worker two weeks ago, who is working hard at starting his own company. He asked me what entrepreneurs do differently. I could tell him about entrepreneurial behaviours, and personality traits. Now I can share this with him. Knowing what something is nice, but that’s different from knowing what to do.

Advanced Entrepreneurship

When You Screw Up, and You’re Going To . . .

I was having lunch with a friend and former co-worker last week, and at the end of the conversation I wish I had a nice way to tell him that he needed to learn from his mistakes. Instead of just trying harder, and making the same mistake faster again next time. Embracing error prevents catastrophes and prevents conflict.

The Bright Side of Being Wrong

via Lifehacker

Decision Making – It’s the Process Stupid

Why is process so important to making decisions? Good decision-making process includes exploring uncertainty, including contradictory viewpoints, giving more weight to skill and experience instead of rank.

Bad process doesn’t allow good analysis to be heard.

Good process uncovers bad analysis.