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Design Education Innovation Reading

Latest Read: Execution

Execution: The Discipline of Getting Things Done by Larry Bossidy and Ram Charan. Bossidy served as Chairman and CEO of Honeywell and held executive roles at General Electric for over 30 years. Ram Charam spent 35 years working with executives at GE, Bank of America, DuPont, Novartis, EMC, 3M, and Verizon among others.

Chapter two reveals many strong points about company failures due to a lack of leadership. From Xerox, EDS, and Lucent. So many glaring mistakes top executives.

The lack of key knowledge regarding P&L or supply chain can kill. Yet those promoted into senior roles resulted in quarterly sales slumps. Bossidy shares firings began after two slumping sales quarters.

Looking back one can wonder how did they actually hold a job so valued yet be so inaccurate in leadership. Bossidy and Charan provide the insights needed.

Hiring during a pandemic? Execution can provide valuable insights to efficient execution by Baxter and Duke Energy. Bossidy took personal time to ensure executive and senior management hiring was a success. His spent time calling candidate references.

Execution also reveals HR should be honest in rethinking hiring timelines. This must include support by senior management in order to stay afloat or thrive.

To be fair, Bossidy also rewrote the executive’s rules on promoting long time managers. A company open to honest, critical analysis proved a key indicator when search was moving external.

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Design Education Innovation Reading

Latest Read: To Pixar and Beyond

To Pixar and Beyond: My Unlikely Journey with Steve Jobs to Make Entertainment History by Lawrence Levy proves to be a wonderful read. Levy, the former Pixar CFO reveals significant financial challenges Pixar faced upon his arrival.

To Pixar and Beyond

Steve Jobs purchased Pixar from George Lucas for $5 million and then invested $5 million into the company. Steve brought Lawrence to Pixar in 1994. Lawrence Levy shares how Disney really put the screws to Pixar. Disney played hardball with a small company struggling and got away with it.

Lawrence shares how he and Steve took walks around their neighborhood around Palo Alto on Saturdays. He described many of the topics of their walks. This reveals much about Steve’s view of the company. Steve was growing Pixar to be a rockstar animation company.

My insights gained from To Pixar and Beyond is that Steve always saw the company holding an amazing future. There were roadblocks with Disney at times, yet Pixar was unknowingly growing into a change agent for Hollywood.

Much has been written about Steve’s control of Pixar stock. This included a negative image held among Pixar staff when he purchased the company. To be blunt, Jobs burned over $10 million of personal money to keep Pixar afloat. At the time the company really did not have a solid business revenue model for many years.

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Design Education Innovation Reading

Latest Read: Scaling Up Excellence

Scaling Up Excellence: Getting to More Without Settling for Less by Stanford professors Robert Sutton and Huggy Rao. This book is a wonderful, insightful read for today’s world. Robert Sutton continues to provide deep analysis for successful leaders. Those leaders in turn generate (and sustain) ideal performers. Coronavirus is challenging business to fundamentally re-think their core business model.

scaling up excellence

Scaling Up Excellence will help organizations understand how to embrace change faster and effectively in the short term. And short term as of mid April may be forecasting this into December 2020.

Let me begin with a new twist for business projects. Conduct a pre-mortem. Organizations conduct post mortems to discover where tasks failed. Sutton’s pre-mortem can drive project goals or reveal scope creep.

The key is dividing your team into two. One team will imagine project delivery as a success specifically down to the details. The second team takes the opposite road, also in great detail. Bring your teams back together and place all points on a whiteboard. Find your hits and misses in a new way and determine if your scope is accurate enough to deliver.

Scaling Up Excellence provides great case studies and academic research. From start-ups, pharmaceuticals, airlines, retail, financial services, education, non-profits, and healthcare. All benefit from pre-mortems.

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Design Education Innovation Reading

Latest Read: Focus

Focus: The Hidden Driver of Excellence by Daniel Goleman is a book for our coronavirus moment. Chapter 12: Patterns, Systems, and Messes addresses the 1918 flu pandemic. Does Focus have your attention now? Goleman provides many insights we need to understand today. He delivers direct lessons for our new coronavirus world.

Focus: The Hidden Driver of Excellence

Maybe what readers should enjoy is a quick test on your reading memory. What? A memory test in a book? Ah…Yes. This approach brings into sharp ‘focus’ how we read.

Focus addresses how business needs to pay more attention to the market. The refrigerator business does not change. The mobile handset market dramatically changed.

Goleman addresses the sharp rise and sudden fall of Blackberry. A smartphone market lesson would not be complete without a story of Steve Jobs and the iPhone.

And to some extent what Goleman may have missed was the demise of Blackberry was their simple lack of ‘focus’ on 4G networks. Yes, Blackberry actually stayed with 3G, did not embrace 4G just as mobile began BYOD.

Blackberry’s leadership (engineering backgrounds) led them to success very early in the mobile device marketplace. They rested on their laurels. The iPhone killed their company. Smartphones do not equal, as Goleman suggests a refrigerator marketplace. He points to many lessons about corporate shooting stars.

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Latest Read: Scorecasting

Scorecasting: The Hidden Influences Behind How Sports Are Played and Games Are Won by Tobias J. Moskowitz and L. Jon Wertheim may be the closest thing to a sports version of Freakonomics.

Moskowitz was a Booth Professor of Finance at time of publication. Today he teaches at the Yale School of Management. Jon Wertheim holds a law degree from the University of Pennsylvania and is Executive Editor at Sports Illustrated

Scorecasting: The Hidden Influences Behind How Sports Are Played and Games Are Won by L. Jon Wertheim and Tobias Moskowitz

As we headed into the Easter weekend, the NFL virtual draft was the only sports headline. Coronavirus shut down all sports recently.

Scorecasting it’s worth noting, reveals the recent NFL draft number one picks, turn out equal to a number ten pick regarding rookie performance.

Yet the money NFL teams waste on top picks should change. Scorecasting reviewed the signing bonuses of Ryan Leaf and Sam Bradford, top busts from the NFL draft. Actually the Leaf vs. Payton Manning draft reversal remains popular with sports fans even today.

For all the cable sports hype regarding player performance leading up to the draft, Moskowitz and Wertheim separate the signal to noise ratio very efficiently.

The hours (upon hours) of endless player and coaching interviews, season hi-lights showcasing how each team should draft the data reveals is only good for … selling commercials. Actually fans should wise up and gain some hours back in their lives.

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