The Onboarding Buddy, Technology fork in the road, Omicron & Strategic planning framework
28th November 2021 Evolution Partners Newsletter
“Our society has trained us to measure ourselves against our ideals, which by definition are unachievable” – Dan Sullivan
Hope you’re Thriving!
I’ve had a pretty good week that was starting early and sometimes finishing late each day, but that’s typical in my calendar for this time of year, and I think we all know there’s a break about a month away which is a good thing to look forward to.
One of the things that I noticed this week was the stark difference between people who work in large enterprises and people who work in midsized firms. Large enterprises are often about complicity and playing a political game. People move slowly and form committees to protect all the bases. When you ‘grow up’ in that culture, it can be shocking to come to a fast-moving midsized firm and realise that we need to be brutally honest, make fast decisions, and live by the values instead of politics. And this week, I had a situation where a real A-player was struggling because they had spent a lot of time in enterprise, and we’re trying to adapt in the mid-market. So it’s just worth noting when you’re hiring a person from a large corporation, they may indeed be great, but there may be cultural challenges.
Another quick take from this week was when I was in a meeting with another client, and we needed to engage their accountant on a large deal that we’re doing. It’s an out of the ordinary contract that is large in its scope and requires adaptability, and both the CEO and I have a firm belief that this is a mediocre accounting firm.
As we were reading their quote and imagining the end when we paid them, we both knew that we would likely be disappointed and frustrated at the end. And so I commented what if instead they sent us a price and a predicted Net Promoter Score number.
For example, wouldn’t it be great if they could tell us it will cost us $50,000 and it will also come with an NPS greater than seven? In terms of potential differentiators, to promise someone satisfaction in a quote that’s quantifiable, which they’d be willing to stand by, would be fantastic.
The Onboarding Buddy
In the research that I’ve done for my book about onboarding, one of the things that stood out was the impact of a buddy. A buddy is appointed to the new hire when they begin and is given the responsibility to be their point of call for questions and be a friend throughout the challenging onboarding journey. There was an absolute connection between the success of an onboarding program and the use of a buddy. And this week, I came across an article from Harvard Business Review which talks about the impact that a buddy has on onboarding. From the article;
“Our research points to one overlooked prerequisite for transition success: the effective use of internal networks. The people who are the most productive, innovative, and engaged in new roles—the “fast movers”—are those who establish extremely broad, mutually beneficial, uplifting connections from the start.”
Read the article here How to Succeed Quickly in a New Role
The technology fork in the road
You may remember that at the beginning of Facebook, the antagonist in the story was the Winklevoss twins. Two brothers claimed that Mark Zuckerberg had effectively duped them out of Facebook ownership. And through the movie about Facebook, they were undoubtedly portrayed as the antagonist, but what if that’s all backwards? This week, I saw an interesting article where Gemini, the company owned by the Winklevoss twins, has raised USD 400 million to protect the metaverse from Meta (Facebook).
From the article
“There’s these two parallel paths, in terms of technology right now,” says Cameron Winklevoss, 40, speaking from his home in California. “There’s a centralised path, like Facebook or Fortnite, that is one step away from being a metaverse, and that’s totally fine. But there is another path, which is the decentralised metaverse and that’s the metaverse where we believe there’s greater choice, independence and opportunity, and there is technology that protects the rights and dignity of individuals.”
Read the article here Gemini Raises $400 Million To Build A Metaverse Outside Facebook’s Walled Garden
A few days ago, a health worker walked around taking 87 random swabs from a Hong Kong hotel room. There were swabs from the bathroom, the walls, the bedside table, and the cupboards, and 25 of those 87 random swabs contained the new virus variant omicron from a double vaccinated quarantining traveller from South Africa. Perhaps you’ve heard of this new variant, maybe you haven’t, but it’s definitely got the scientific community and the stock market interested. Most interesting is the difference between the original, the Delta and the latest variant the WHO has called Omicron.
Disease modelling scientist Weiland estimated that Omicron (B.1.1.529) is 500% more transmissible than the original Wuhan virus. (Delta was 70% more transmissible). John Burn-Murdoch (Chief Data Reporter at Financial Times) also found that Omicron is much more transmissible than Delta. He plotted the spread below.
Read an interesting article about the new variant here New Concerning Variant: B.1.1.529
This week on The Growth Whisperers podcast
How do you know which strategic planning framework you should use for your business? There are many frameworks and systems that claim to have the tools to help entrepreneurs get what they want from their business.
In this episode, Kevin and Brad discuss the six things to consider when evaluating which strategic planning framework is best for you.
How to get the most from a strategic planning framework
Listen to The Growth Whisperers
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