2021 Best places to work, Ashby’s law, Back to sports, Starlink & The Power and Struggle of saying no
12th September 2021 Evolution Partners Newsletter
“I can’t understand why people are frightened of new ideas, I’m frightened of the old ones” – John Cage
Hope you’re Thriving!
I’ve had an interesting week with a great learning event and several meetings. I also enjoyed a couple of days of R&R!
2021 Best places to work report
This week Wrkplus released the Australian Best Place to Work awards and the related report. What was interesting was the similarities of all the companies and the differences between small and large companies.
The primary difference I found between the smaller firms having less than 100 employees and larger companies with greater than 100 employees was that;
Smaller companies have 41 average hours of professional development per employee.
Larger companies have 65 average hours of professional development per employee.
We know that larger firms have more resources available to provide to employees. And with the current challenges that employers are experiencing in finding and retaining staff that I’ve discussed before, considering the amount of professional development your firm provides per employee compared to these examples may offer a retention opportunity.
Check out the Australian 2021 Best places to work report here
Ashby’s law and complexity
Of course, you should only provide resources relevant to the size and complexity of your company. A great rule related to this is Ashby’s law, closely aligned to the Law of Requisite Variety.
This law states that the complexity of an organism needs to match the complexity of its surroundings.
As you scale your firm, this can be problematic because it’s a negative, self-reinforcing loop.
Firstly the more revenue you add, the more complexity you encounter. Think about starting a lemonade stand outside your house, then starting to bottle, then moving to sell in local stores and then national stores. Each increment of growth comes with increasing complexity, and the law states that your firm must meet those complexity demands, or revenue will begin to fall.
Next, the way that you often deal with that complexity is to add more employees, and by adding more employees, in turn, you increase the complexity within your firm by requiring more and better systems and software, more managers, more resources etc.
Learn more about this issue in this 9-minute video Ashby’s law and complexity.
Back to sports
I’ll be the first to admit that I know nothing about US Gridiron football, but I do know the feeling many people are experiencing as some sports begin to bring back crowds. This week I came across a fantastic example showing the start of the first game back between North Carolina and Virginia Tech at Lane Stadium, with the entire crowd jumping with excitement at coming back after the pandemic lockdowns. Even the military are jumping! It’s hard not to have the hairs on the back of your neck stand up when the team runs onto the field.
Starlink set to change the internet and society
Elon Musk’s satellite internet business, Starlink, a part of SpaceX, has to date launched 1,737 satellites into orbit and is now providing high-speed broadband to many countries. The pricing is US$99 per month, plus taxes and fees, plus an initial payment of $500 for the mountable satellite dish and router that you’ll need to install at home. The service, which provides 50 to 150 megabits per second and latency from 20 to 40 milliseconds, isn’t as good as fibre optic but is significantly better than the current service for many people, and Musk recently tweeted that he expected these speeds to double to around 300 Mbps by the end of 2021.
The main advantage here is that SpaceX can reuse rockets, which others have yet been unable to do, giving them rapid global coverage. For the first time, this presents a viable alternative to many land-based carriers, both in their business model – as the pricing is similar and their service. Notably, the data traffic won’t be going through Government-regulated firewalls and filters, meaning that anyone anywhere can connect to any part of the internet. This will present a significant challenge for Governments trying to control what citizens see, as shown in the tweet below, and is an excellent example of a business finding differentiators in a strategy – compared to local ISPs.
Read an interesting article about Starlink here Starlink explained: Everything you should know about Elon Musk’s satellite internet venture
This week on The Growth Whisperers podcast
Saying yes comes at a cost. Understanding the cost of yes and the challenge to say no, along with the cost can help you become more effective.
The price of no includes time, money and busyness, leading to less effectiveness. Also, saying no the mediocre things, means you can keep room for greatness.
This week we talk about the price of yes and provide some tools and techniques to help you to say no.
The Power and Struggle of saying no
Listen to The Growth Whisperers
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