Category: management

  • On running late

    On running late

    Business Insider’s unathorised biography of Yahoo CEO Marissa Mayer is both enlightening and scary while giving some insight into the psyche of the tech industry.

    Nicholas Carlson’s story tells the warts and all tale to date of a gifted, focused and difficult to work with lady who’s been given the opportunity to lead one of the Dot Com era’s great successes back into relevance. It’s a very good read.

    Two things jump out in the story; Mayer’s desire to surround herself with talented people and her chronic lateness.

    When asked why she decided to work at a scrappy startup called Google, which see saw as only having a two percent chance of success, Mayer tells her ‘Laura Beckman story’ of her school friend who chose to spend a season on the bench of her school varsity volleyball team rather than play in the juniors.

    Just as Laura became a better volleyball player by training with the best team, Mayer figured she’d learn so much more from the smart folk at Google. It was a bet that paid off spectacularly.

    Chronic lateness is something else Mayer picked up from Google. Anyone whose dealt with the company is used to spending time sitting around their funky reception areas or meeting rooms waiting for a way behind schedule Googler.

    To be fair to Google, chronic lateness is a trait common in the tech industry – it’s a sector that struggles with the concept of sticking to a schedule.

    One of the worst examples I came across was at IBM where I arrived quarter of an hour before a conference was due to start. There was no-one there.

    At the appointed time, a couple of people wandered in. Twenty minutes later I was about to leave when the organiser showed up, “no problem – a few people are running late,” he said.

    The conference kicked off 45 minutes late to a full room. As people casually strolled in I realised that starting nearly an hour late was normal.

    It would drive me nuts. Which is one reason among many that I’ll never get a job working with Marissa Mayer, Google or IBM.

    A few weeks ago, I had to explain the chronic lateness of techies to an event organiser who was planning on using a technical speaker for closing keynote.

    “Don’t do it,” I begged and went on to describe how they were likely to take 45 minutes to deliver a twenty minute locknote – assuming they showed up on time.

    The event organiser decided to look for a motivational speaker instead.

    Recently I had exactly this situation with a telco executive who managed to blow through their alloted twenty minutes, a ten minute Q&A and the closing thanks.

    After two days the audience was gasping for a beer and keeping them from the bar for nearly an hour past the scheduled finish time on a Friday afternoon was a cruel and unusual punishment.

    This was by no means the first time I’d encountered a telco executive running chronically over time having even seen one dragged from the stage by an MC when it became apparent their 15 minute presentation was going to take at least an hour.

    It’s something I personally can’t understand as time is our greatest, and most precious, asset and wasting other people’s is a sign of arrogance and disrespect.

    Whether Marissa Mayer can deliver returns to Yahoo!’s long suffering investors and board members remains to be seen, one hopes they haven’t set a timetable for those results.

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  • Cutting the middle management fat

    Cutting the middle management fat

    No-one can say life is comfortable at Cisco when every two years the company engages on a round of job cutting that tends to keep employees on their toes.

    While this year’s job cuts are relatively mild – only 4,000 as opposed to nearly 13,000 in 2011 – it’s notable the focus on culling middle management positions.

    “We just have too much in the middle of the organization,”  the Wall Street Journal reports Cisco CEO John Chambers as saying.

    One of the challenges for businesses is become more flexible when markets are rapidly changing. Having ranks of middle managers makes it harder for organisations to respond.

    John Chambers and Cisco are reducing their middle management head count to respond to that need. Many other companies are going to have to do the same.

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  • Fighting the content wars

    Fighting the content wars

    I’m moderating keynote Q and A’s at the ADMA Global Forum today. One clear message from the international speakers’ presentations is how original, unique content is one the key planks of a modern media strategy.

    “Content will be king” says McKinsey’s Joshua Goff, a thought echoed by Weiden and Kennedy’s Husani Oakley.

    During one of the breakout sessions, the AFL’s Sam Walch explained the sporting code’s strategy of using content to retain supporters and expand the sport.

    The fascinating thing about this content strategy is how organisations are having to deal with gathering unique, compelling material.

    For many businesses, getting customers to contribute material makes sense. Josh Goff showed how some businesses, even in the B2B space, were using user generated content to get a buzz happening around their sites.

    Others are commissioning their own work with the AFL employing nearly fifty journalists to provide content.

    What’s particularly interesting about the AFL is how this threatens broadcasters and the print media business models which increasingly rely on ‘events’ like sports. This is something I might explore on the blog over the next few days.

    In the afternoon ADMA session Michael Bayle, formerly of ESPN, described how much of that content will be accessed on mobile devices. Interestingly ESPN has the greater share of mobile visitors for US Sunday football despite not owning the broadcast rights. This is both an opportunity and challenge for rights holders, sporting organisations and media disruptors.

    The key take away from this morning’s ADMA sessions though is that we are going to be drowning in content marketing over the next couple of years. The challenge for those businesses engaging in those wars is to make themselves heard over the noise.

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  • Realising value from the internet of everything

    Realising value from the internet of everything

    How much opportunity does connecting all our machines to the internet really offer businesses and society?

    Cisco’s Internet of Everything index released last week looks at one of the great opportunities facing today’s managers in realising business value in these new technologies .

    On Cisco’s calculations, the internet of everything is worth over $14.4 trillion to the world economy and nearly half the business benefits are going wasted.

    Germany and Japan lead the pack and, as discussed yesterday, Australia wallows between China and Russia.

    Cisco comparison of countries
    Cisco comparison of countries

    Despite German businesses being the leaders, Cisco estimates $33bn, or nearly 40% of the potential gains, isn’t being realised even in that country.

    How different industries are using the internet of machines is notable as well, with Cisco claiming the biggest benefits currently being realised by the IT industry while the greatest potential lies in the service, logistics and manufacturing industries.

    cisco-internet-of-everything-value-index-by-industry
    Internet of everything value by industry

    If anything, these projections could be on the conservative side with Cisco estimating fifty billion devices connected to the net by 2020. Given the rate of smartphone being sold and everything from vending machines to clothing being online, it may well be ten or even a hundred times that number.

    The real challenge for businesses in all these projections is how individual organisations can realise this value in their operations.

    For some businesses, there’s plenty of existing opportunities with well established services in areas like field services and logistics tracking the locations of staff and packages. These are relatively simple to incorporate into existing operations.

    In other applications, businesses will find things more complex as the connected devices will tie into analytics and Big Data plays. These won’t be simple.

    One particularly important area for the workforce as a whole in business process automation where many tasks currently done by humans can be carried out by machines talking to each other.

    This is already happening in fields like fast moving consumer goods and hospitality where stock levels can be automatically monitored and replacement stock ordered in without staff being involved. As the technology becomes more widespread this will threaten the roles of many previously well paid managers.

    Many of those managers though will be challenged anyway unless they’re prepared to deal with the changes that internet of things is bringing to their businesses.

    How do you think the internet of everything will change your business?

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  • Politics, business and leadership

    Politics, business and leadership

    I’ve covered the New York Times’ interview with Google’s senior vice president of people operations, Laszlo Bock previously in describing what the business has learned from its scientific method of hiring people.

    One striking aspect of that story that deserves further discussion is Bock’s thoughts on leadership;

    We found that, for leaders, it’s important that people know you are consistent and fair in how you think about making decisions and that there’s an element of predictability. If a leader is consistent, people on their teams experience tremendous freedom, because then they know that within certain parameters, they can do whatever they want. If your manager is all over the place, you’re never going to know what you can do, and you’re going to experience it as very restrictive.

    This is something that applies in all walks of life — whether you’re coaching a kids’ football team, running a corporation or leading a nation.

    Sadly in many of these fields we’re lacking the consistent leadership Laszlo Bock describes. That could turn out to be one of the greatest challenges for the 21st Century.

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