The Physio Co, The Myth of the CEO hero, Quantifying descriptions, Better notes, Ford-F150 Lighting & Confront the Brutal Facts
30th May 2021 Evolution Partners Newsletter
We have created trouble for ourselves in organizations by confusing control with order. This is no surprise, given that for most of its written history, leadership has been defined in terms of its control functions.” Margaret Wheatley
Hope you’re Thriving!
I’ve had a good week with a quarterly planning workshop and a 2-day initiation workshop for a new client.
What was awesome about this client is that although they are only about a year old, they have established an excellent strategy and are completely different to their competitors in the market. This meant that every time we built a part of their plan, it validated their strategy, giving them more confidence in that strategy. When I wrote on the flipchart that “operational effectiveness is not strategy”, and described how we need to run an effective and profitable business, but we also need a strategy that will sustainably maintain profits over the long term, they really appreciated the value of the work that they’d already done..
One of the other teams I’ve been working with for many years now and have, over that time, developed a good strategy with is Tristan White from The Physio Co. Amazingly, Tristan and his team have been recognised as one of Australia’s Best Places to Work for the last 11 consecutive years, and Tristan has a podcast where he talks about building great corporate cultures. This week I heard Tristan interview Bob Glazer of Acceleration Partners, an award-winning global business that specialises in helping organisations grow via affiliate marketing partnerships. Bob’s a popular name on the EO and YPO speaking circuit, and maybe you’ve heard him before, but this week I got a few great nuggets from the interview with Bob.
– An entrepreneur truly becomes a CEO when they develop a leadership team of executives, whom they need to lead
– Why onboarding is so important to a culture, especially in a remote environment, and how fortune 500 companies build great cultures through a great onboarding
– Performance reviews should be done quarterly and not annually
Check out Tristan’s podcast with Bob Glazer here
Also, you may want to check out Tristan’s BHAG counter tracking their goal to help their senior clients set and achieve 2,028,000 meaningful health goals.
And that first point above, that an entrepreneur only really becomes a CEO when they lead a team of executives, is a great way to look at the role. Because when that layer of management emerges, new issues can arise, and for a leadership team, it’s important to discuss these issues and confront the brutal facts regularly. This is something that Jim Collins regularly talks about and is the subject of this week’s podcast with details about the episode below.
The myth of the CEO hero
Over recent years there has been an increasing challenge to the concept of the CEO hero, often peddled by media outlets, much to the delight of said CEOs. This isn’t about the Ambassador role of the CEO it’s about ego and idolatry. Equally, we’re seeing an increase in a broader responsibility being laid on CEOs, including Environmental, Societal and Governance (ESG) obligations. This week, I came across an interesting article that you might be interested in, which present’s four systems-change principles for businesses deciding how to navigate the growing call to focus on stakeholders, not just shareholders.
These four principles are:
1. Understand that systems leadership relies on culture. As the adage goes, culture means doing the right thing when no one is looking.
2. Uphold purpose within and outside the boardroom. As the long-term governance body of a company, boards are tasked to uphold the company’s purpose over time and ensure executive teams deliver on it.
3. Fix the rules. Companies need clear rules of the game that allow them to deliver on stakeholder commitments in a credible and enduring way.
4. Account for ESG’s limitations. Be aware that ESG-led approaches will not necessarily lead to systems change and may even undermine it.
Read the HBR article here The Myth of the CEO Hero.
Quantifying descriptions for clarity
If something was pretty bad or really bad, what’s the difference?
Well, this week, I came across the chart below, which quantifies the difference.
I thought you might be interested in it, and I considered how I use these words every day and how others might interpret these words differently.
The Zettelkasten method for better note taking
Why do we take notes, and how do we use notes?
When I discovered OneNote a decade ago, it changed my life, making my notes more organised and searchable.
But what if there was a completely different way to think about the note-taking process.The point of note-taking is to think better. Capturing is a means to it; retention is merely a side effect.
Conventional note-taking, however, defeats this purpose. Instead of extending our abilities, it rather dampens them.
Enter the Zettelkasten method. A completely different way to think about why notes exist and how you can manage information overload and gain greater inter-categorical insight.
Interested to learn more? Read the article here Zettelkasten Method: How To Take Smart Notes For Knowledge Management
The new Ford-F150 Lighting electric pickup starts at an unbelievably low USD 40k. It has many innovations, but this EV’s most significant innovation is its ability to run your entire home during a blackout for days. 2022 Ford F-150 Lightning is an electric pickup that can power your house for days
Lengthy work weeks killed 745k+ people in 2016, according to a new World Health Organization study. The study found that people who worked 55+ hour weeks face a 35% higher risk of stroke and 17% higher risk of heart disease than those working 35- to 40-hour weeks. Overwork Killed More Than 745,000 People In A Year, WHO Study Finds
OVR Technology is bringing smell to virtual technology using vials of different scents to make making virtual reality all the more real.
A study that surveyed 22,500 working-age Americans estimated about 22 per cent of all full workdays would be supplied from home after the pandemic ends, compared with just 5 per cent before.
This week on The Growth Whisperers podcast
One of the key concepts from Jim Collins is that teams must regularly confront the brutal facts. Not the opinions or the hopes or dreams, but the facts.
For many leaders, charisma can be as much a liability as an asset. Your strength of personality can sow the seeds of problems when people filter the brutal facts from you. You can overcome the liabilities of having charisma, but it does require conscious attention.
It’s important to regularly discuss these brutal facts so we can catch problems early before they turn from small problems into large problems.
In this episode, we talk about how to manage brutal facts in your business and how they can be an incredible thing for you to focus on.
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