Showing posts with label Corporate America. Show all posts
Showing posts with label Corporate America. Show all posts

Tuesday, November 13, 2012

Omnishambles


The Oxford English Dictionary set a new standard for yearly awards by naming "omnishambles"--defined as "a situation that has been comprehensively mismanaged, characterized by a string of blunders and miscalculations"--the 2012 Word of the Year by the BBC.

Last Tuesday, Mitt Romney was so convinced the national election would go his way he reportedly didn't even draft a concession speech. As a proven top flight executive, it defies logic that Governor Romney would be so unprepared regarding an outcome he could not control.  I have to attribute this miscalculation mostly to his staff that apparently didn't have a firm handle on electorate variables and realities to properly advise Mr Romney last week's outcome wasn't certain.

Mitt Romney is hardly the first last or only leader to get insufficient insights and direction from trusted staff. With alarming consistency across Corporate America, mid and senior managers filter and package information designed to either make themselves look good or to have their executive team feel good. The end result is always omnishambles.

Even during flush economic times successful businesses engage a series of problem solving exercises. Clearly, problems cannot be effectively solved if they are not fully evaluated. When facts are altered and factors shaded, even the best and brightest executive teams cannot make wise decisions. But the omnishambles cycle is not restricted to a activities below the C Suite.

We are all familiar with companies that run board meetings like they are dog and pony shows, designed to entertain and mollify board members instead of using these critical sessions to address serious issues and get the board's advice and counsel. More often than not these boards are comprised of mostly investors or others captive to the company's success so they accept what they are told, triggering even greater degrees of omnishambles.

Based on my professional experiences, I strongly believe the short-term mentality that has taken hold of Corporate America is omnishambles' primary culprit. The courage necessary to tackle difficult problems simply poses greater risk than it offers reward when companies are guided strictly by each moment. While true leaders don't neglect the short term they remain ever-mindful of longer-range implications and consequences

Given the inadequacy of true leadership in 2012, Oxford English Dictionary got it right! Omnishambles is the word of this year. And as always, true leaders will determine 2013's Oxford English Dictionary's word of the year.

Monday, September 28, 2009

Let's rebuild our businesses through the sincere efforts of the committed professionalism of top performers...

With Kirk and many like him still very much in my face and on my mind, I was thrilled to run into the Anti-Kirk the other day. The timing couldn't have been any better because focusing our attention on professionals that are part of the proverbial solution, rather than those who define the problem, is the ticket to creating and sustaining high achievement.

For many years I've commuted home on the 8:04 PM Metro North train out of Grand Central Station and it was on this ride I got to know Joe the Conductor. If Joe ever told me his last name I've long since forgotten it, but I've gotten to know him rather well and have always admired his work. When bucketed in to stereotyped categories, Joe (a proud union member working for the Metropolitan Transit Authority on the Metro North New Haven Line where the train cars date back to the 1970's), would seem to be a leading candidate for a horror story. But Joe the Conductor served as a nightly reminder that pride in workmanship, a keen sense of professionalism, and a deep understanding of customer service transcends even the most hardened stereotypes.

Over the years I learned a great deal by watching Joe; the way he handled belligerent drunks, resolved disputes between passengers, calmly dealt with the occasional rider who didn't see any reason to buy a ticket, kept order when trains broke down or were forced to endure delays. Whether it was a cold winter night where several cars didn't have heat or brutally hot summer days when the air conditioning didn't work, Joe stayed in calm control. From time-to-time he would tell me about MTA policies or management decisions that made no sense, occasionally observing that the New Haven line was in sorry shape. Like all of us he undoubtedly had his bad days, felt pressures from professional or personal challenges, but Joe was the rare talent who was able to rise above any of these forces. I never saw him have a bad shift, I can't ever recall him mishandling any situation (and on the 8:04 there were many tough ones, none of them could have been predicted), and he lit up every car of every train with his constant smile.

Joe retired earlier this summer and yet there he was the other night, kicking back as one of the passengers. Maybe it was his farewell tour or perhaps he simply missed being at his office, but it was great seeing him one last time. Seeing Joe the (retired) Conductor again was a much needed reminder for me that companies, industries and the entire economy as a whole can only be rebuilt through the sincere efforts of the highly knowledgeable, the deeply skilled, and the committed professionalism of top performers like Joe.

Friday, August 21, 2009

Who would have guessed: August -- a prime time for engineering high rates of sustainable growth.

Although I’ve always been told that not much business gets transacted mid-late August because everyone is on vacation, I’ve always found August to be a particularly productive month. Not only has August 2009 not been an exception, my experiences this month tell me that there’s heightened focus and purpose in the business world…clearly a very positive leading indicator! I’d like to use the remainder of this space to relate my highlight for the week to the encouraging signs I’m seeing in general.

Presented with an opportunity to launch a new business line, a company I’ve been working with (that defines the word “conservative”) had the good sense to pursue the initiative with cautious optimism. The company assembled a project team that did more than simply evaluate the venture’s worthiness. This cross-functional team was comprised of members that brought subject matter expertise and a strong willingness to challenge every assumption. From day one it was clear that this was a highly capable group of professionals and it soon became even more evident that this team has uncommon maturity. Members didn’t make the process easy on one another, yet at no time did any meeting devolve into finger-pointing, egoism or turf protection. This team collaborated in a most impressive way: each member demanded goal-oriented excellence from himself and his peers.

Along the way, the project sponsor had moments of doubt—even thought at least one participant was going to do everything he could to kill the initiative. As it turned out the (apparently) most negative group member proved to be the driving force for transforming concept to reality. Had any member, particularly the project sponsor, lost sight of the business objective; had anyone reacted to legitimate business challenges in a personal rather than professional way; had they lacked individual and collective commitment to the absolute best work product theirs would have been abandoned like so many other excellent ideas unfortunately are in Corporate America. Without the sincere efforts of the team’s toughest critic, their high-potential initiative would ultimately fall short of its objectives. This team set a very fast pace, accomplished a great deal in a short period of time, yet all had to keep up with other job responsibilities. They never missed a meeting, none of the participants ever came unprepared, and none allowed other responsibilities to be slighted either.

As they practiced it, collaboration wasn’t pandering nor was it about compromise. Theirs was collaboration as I believe it is intended to be: each sum intensely driven to create a superb whole. Though they did ask the question that is on everyone’s mind these days, “is this the right economic climate to try something new?” They didn’t obsess on that ever present excuse in most business environments today and they also concluded that the best remedy for poor results is growth and growth will come from innovation. As more companies and project teams adopt the “We Must!” mentality, removing all vestiges of finding reasons why not to do something (always the easiest path) economic vitality will overwhelm anything that has ailed us.

I was privileged to work with this group and what they did, in August no less, is the model for engineering high rates of sustainable growth for many years to come.