5 Ways to Never Give Up

What do you do when a project you have invested everything on - your blood, sweat, tears, mind and heart - proves to be a failure? Why, just get up, dust yourself and get going again, of course! Here are five stories I have gathered of how some people did it. 
1. Take pride in past success
Dustin Brown ranked 102, on beating Rafael Nadal at Wimbledon, but losing his very next match to Viktor Troicki. 
"It doesn't matter if I lost or not, no will ever be able to take that (beating Nadal) away from me."

2. Respect failure
Howard Schultz after a major setback at Starbucks.
"Celebrate failure, learn from the failures, and not hide from mistakes". He also spoke of the bottle of Mazagran, a coffee drink he helped launch in the 90's. It proved be a spectacular failure. He now keeps a bottle of the drink on his table, to remind him to do a reality check on his success when he's up, and equally - never give up, when he's down. 

3. Reconnect with your passion.
Filmmaker Deepa Mehta on the failure of her film 
'Monsoon' at the box office. 
She remembered her father, who, when told about her decision to take up filmmaking, had encouraged her, but cautioned her about life's unknowns, "You make a film because you have incredible passion and because you want to tell a story. If it does well, good. But if it doesn't, you can't do anything about it, but you've had the satisfaction of doing something honest." 

4. Reframe strategy
Satya Nadella on how he handles the failure of the Windows OS for mobile phones. 
Competition for him, is not a zero sum game. He believes, "Just because Android wins does not mean Microsoft loses. If Android wins great. I'll also put Office 365 on Android so it can be a win - win, it doesn't have to be a win - lose."

5. Keep the spirit
After Edmund Hillary's great, but failed attempt, at scaling Mount Everest in 1952.
Though he regarded himself a failure. He did not however, lose his spirit. At a function organized to recognize the attempt, people greeted him with thunderous applause. Hillary, walked onto the stage, balled a fist at the picture of the mountain and said, "You beat me the first time, but I’ll beat you the next time, because you’ve grown all you are going to grow… but I’m still growing."  

He beat Everest on 29th May 1953.

Back to Your Roots

"Understanding where you are from help you better understand where you want to go."
                          - US Ambassador to India Richard Verma, describing his recent visit to his hometown in Punjab. 

The Awareness Framework

Awareness precedes choice and choice precedes results. - Robin Sharma

When Paul O'Neill arrived as CEO at Alcoa, he didn't hold his troops to criteria that CEOs commonly use, such as profit margins, sales growth rates, or share appreciation. His singular standard: time lost to employee injuries. By focusing on just one  highly impactful habit, O’Neill managed to create change at different levels of awareness within the organization, the company's annual net income went up by five times and its market capitalization rose by $27 billion.

The Awareness Framework can help us understand the deeper and wide ranging implications of the focus on safety:

1. Task Awareness: Empowered employees began to offer suggestions and accidents were immediately brought to the attention of executives. As a result, the accident rate declined — ultimately to about 5% of the national average.

2. Situational Awareness:  Workers realizing that the management was keen to examine and improve every inefficient and dangerous manufacturing process, increased  communication among employees. Line workers offered suggestions to improve efficiency, and the company underwent a renaissance.

3. Emergent Awareness: Employees started recommending business improvements that otherwise would have remained out of sight. One day, a low-level employee made a suggestion that quickly worked its way to the general manager. Within a year, profits on the product doubled. By creating patterns of better communication, a chain reaction started that lifted profits.

4.  Self Awareness:  ''Paul came in and got us to do things we never thought we could do,'' says L. Richard Milner, head of Alcoa's automotive unit. The safety habit influenced every part of the employees’ lives - how they worked, ate, played, lived, spent, and communicated. Employees’ thoughts, feelings and  beliefs and their attitudes and reactions to changes in the environment improved. Their attitudes to people around  having a different point of view also took a turn for the better. Hard-core, ladder-climbing, capitalist executives turned into soft, feel-good samaritans, adept at identifying, co-opting, and shaping behavior patterns to increase profits.

By creating awareness around safety, O'Neill unleashed a pattern with the power to start a chain reaction. A reaction that improved a host of processes in the organization, created a employee-friendly environment, aligned people to the company’s goals and increased profits.

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Want a Business coach to clarify/create/action the awareness process?
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Living mindfully

When we think of the word 'food', we only think of nutrition, says chef Pankaj Walia. But the truth is our connection with food is deep and spiritual; something that our ancestors realised and respected. Archaeology professor Dr Kurush Dalal recommends slow cooking to establish the connection. Slow cooking, he says, recognises the connection between plate, people, planet and culture; things we have forgotten to correlate these days while munching on fast food.

#Viewpoint
People, planet and culture - each, some, or all three, are integral to our every action. Recognising the impact of our actions on the three, can help us become more mindful citizens.

Living our values

A 22 year old heir to a large infrastructure company believes luxury lies in work and relationships, not materialism. "Unity of family, companionship of friends, and faith in God..."  are the luxuries, he believes one should truly strive for. "More than anything," he continues, "I like to meet new people and learn about their viewpoints. That's like a luxury to me."

The three luxuries the young man talks of, reflect his personal core values. Values are the practices we use (or should be using) every day in everything we do.

They form the foundation on which we perform work and conduct ourselves. In an ever-changing world, core values are constant.  Core values are not descriptions of the work we do or the strategies we employ to accomplish our life purpose, our Dharma.  They  underlie our work, how interact with each other, and which strategies we employ to fulfill it.

Reference: ET Panache

Picture source: everyoneagreeswithtom.com

Hi-5s to Your Business Improvement

Every day, newspapers and TV news channels in India keep telling us of the dark clouds of political uncertainty in West Asia and North Africa, unemployment in the US and the Greek debt. And then there are the ominous whispers that more news – bad of course – on the debt front from Italy and Spain. Are things really that bad? Is it all gloom and doom?

The Economic Times recently surveyed 22 CEOs of large businesses to rank 10 issues on a ‘headache scale’ of 1 to 10, where 1 stood for the ‘least headache’ and 10 for the ‘worst headache’. The most important conclusion of the study was that in India, consumer demand would continue, that top line growth would remain intact and that we can weather a global crisis. This will come as good news to all those business leaders who may have started to grow jittery, hearing all the global bad news. So then, what does Indian business need to worry about - if at all? It is the high input costs which could end up hurting their profits. And it is this situation of shrinking margins that is likely to give business heads, especially from the SME sectors, sleepless nights. And sleepless nights, as we all know, can lead to rash decisions. So what should they do to deal sensibly with the current situation?

In my experience of working with owner-managed businesses I have noticed that most, if not all of them, are so deeply operationally involved in the day-to-day managing of their businesses that they rarely give time and thought to put in place a long-term directional view of their businesses. Renny Thomas, of McKinsey & Co attributes this neglect to the fact that up until recently, India was in a period where lack of a meticulously planned strategy did not matter as much since the growth areas were obvious. But with increasing competition from Chinese and other foreign competitors, coupled with shrinking margins, business heads have realized that it is no longer enough to go with the flow. It’s time to move beyond the present and start planning the future with purpose and intent and desired results in mind.   

So where do you begin? Here are five ways to kick-off your change process:


1. Assess Your Company’s Current Status: Put everything on the table, both the good and the bad. Include areas of the business you are proud of and problems you wish would just go away. Address issues relating to staff, products and services, location, profitability, and new business development.

Hi-Fives to Your Business Success



2. Review The Past: Look carefully at your past marketing efforts, successes, and failures. If you are running a marketing program but cannot justify its expense with increased sales, consider cancelling it or placing it on hold. Successful marketing turnarounds stop the bleeding quickly.



3.  Analyze Competitive Activity: Often, a new entry in a market will use new marketing techniques and follow new thinking to achieve sales that you didn’t know were possible. Evaluate objectively, to achieve a successful marketing turnaround, you must do what is best for your company.

3. Rethink Your Business: Keeping your learning from the earlier three steps in mind, think again, about current customers, competition, industry changes, and technology. Rethink your business model. Many successful businesses have managed to stay successful by moving with the times. They saw that the needs of their customers were changing and acted accordingly. Be flexible to adjust to new opportunities and challenges.

5. Be Quick. Act quickly on your plans to marry the short-term to the long-term. Speed and flexibility are essential in turning a company around.

And don’t give up - giving up too early may result in your falling short of the great success your business was destined for.Act consistently and diligently on the five ways and you could have success dancing on the palm of your hand!

And in case you need help; I have more than10,000 hours of Buisness coaching experience of supporting business-owners such as you. I can help you reach your business goals faster, achieve higher and become stronger! For contact details click on Contact tab above.

Over the Moon With Your I I

"When it comes to the future, there are three kinds of people: those who let it happen, those who make it happen, and those who wonder what happened."

                                                                    --John M. Richardson, Jr 

The problem of getting started with any change, whether personal or organizational, is our initial reluctance to it. The tendency is to procrastinate, even though we know the circumstances require we do something about it. We let "things happen" and when the inevitable happens, "we wonder what happened!". In my previous blog post (On Why CEO's Procrastinate. And What They Could Do About It), I had suggested an approach to overcome this reluctance to act  which was more in a business context. Thomas Pytchyl, an associate professor of psychology at Carleton University  who specializes in the study of procrastination, suggests a way all of us could employ. When Pytchyl is asked what someone should do to reduce procrastination, his most common answer is, "It's not enough to have a goal intention, you need to have an Implementation Intention too." Implementation intention, a term coined by Peter Gollwitzer, is a specific type of intentional statement that defines when and where a specific behavior will be performed. and is an easily applicable planning strategy that can help overcome procrastination by automating action control. An implementation intention supports goal intention by setting out in advance when/where and how one will achieve this goal. So instead of making yourself a "to do" list of goal intentions it is more effective to decide how, when and where you are going to accomplish each of the tasks you need to get done. 

In my opinion, the best example of this format  is John F. Kennedy made to the American congress on May 25th 1961. That's when he announced a plan to put a man on the Moon before the decade was over. Now, even though there wasn't even a plan in hand nor the technology to do so, it had to be done. The reason?  The feeling worldwide that the Soviets were way ahead in the space race. Only twenty days before Kennedy's speech, NASA had launched Alan Shepard into space, the first US man to reach space. And, unlike Yuri Gagarin more than a month earlier, Shepard didn't even orbit Earth. He was just launched like a cannonball. 

Kennedy clearly knew that getting NASA started on a project as crazy as this was to put a stimulus for action into the environment. And the stimulus? The fear of the Soviets beating them to the moon and making it a Red Moon. Remember, this was in the days of the cold war when the US-Soviet competition to beat each other in every way was at its height. So here is how Kennedy in his speech, used the "If....then, when/where and how" format to galvanize his countrymen into action:

If... (we do not) "land a man..."
Where "on the moon..." 
When "by the end of the decade..."  
Then (left unsaid) the Soviets will beat us to it and rub our collective noses into the moon dust!

The result was that on July 20th 1969, an American became the first man on the moon.

The result of Kennedy's "If...then" stimulus

 The spectacular results of Kennedy's 'moon speech' has now made it a classic example of the perfect  mission statement. His accomplishment was to set his scientists a BHAG (Big Hairy Audacious Goal) with a "then" stimulus (even if not explicitly articulated) impossible to ignore.

And for You and Me...

 Considering that you and I do not have such bruising(?) imperatives as did Kennedy, let us consider an everyday example Pytchyl cites. I might have, say,  a goal intention of "flossing my teeth regularly" An implementation intention can support this goal intention by setting out in advance when/where and how we will achieve this goal. In this case, it might be "When I put the toothpaste on my toothbrush in the evening (something which is a habit for me), I will then stop and get out the floss first." Essentially what I've done in making this implementation intention is to put the cue for behavior (putting the paste on my toothbrush) into the environment, so it serves as a stimulus for my behavior. I don't have to think about or remind myself about my goal. The moment I put the paste on my brush, my behavior is cued. In time, this should become as automatic as my teeth brushing is already. My 'then' stimulus could also be, "or end up with decayed teeth or a root canal treatment." This of course would make my stimulus an imperative in the same league, or close to that of  Kennedy's in his moon speech!

Call to Action

Studies indicate that implementation intentions on getting started can help when we have an initial reluctance to get started on an aversive task.What the above examples clearly prove is you're more likely to get started when you put the stimulus for action into the environment.

So when do you intend to get started on your "moon mission"?

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SPEAKING OF GOALS >

A study by the American Society of Training and Development showed that:

• People who merely hear a goal, have a 10 percent chance of achieving it
• People who create a plan for a specific goal have a 50 percent chance of achieving it
• People who have a coach holding them accountable to their goal have a 95 percent chance of reaching their goal 

In other words, you can double your chances of success by being held accountable through a coaching program versus merely having a plan. A good coach can leave a positive impact on your life (and business) and help you achieve things you may not have been able to attain on your own.

Get yourself a coach. Contact uday.arur@gmail.com

 

On Why CEO's Procrastinate. And What They Could Do About It

And when is there time to remember, to sift, to weigh, to estimate, to total?

                                                                                                   - Tillie Olsen

From my years of coaching CEOs, one of the important understanding is that the first and most prominent challenge for CEOs in the pursuit of their goal is - procrastination. In other words, getting started on the key priorities that will make their biggest ideas a reality.The reason for the procrastination? The threat of uncertainty.

Timothy M. Pychyl, who specializes in the study of procrastination has an explanation for this on his blog. According to him, people when faced with a task about which they are uncertain on how to proceed, experience negative emotions and threats to self. To cope with this experience, they end up delaying the task, escaping the negative emotions and rationalizing the choices they make. I have had CEOs come up with all kinds of excuses for not implementing the tasks they had committed to. Excuses such as "I cannot think beyond a three months planning horizon" (to delay their long-term planning exercise). Or "My customers insist on speaking only to me and not my subordinates" (to avoid delegating to them). Or even rationalizations such as the executive in the cartoon below.

 What such CEOs are doing is that instead of self-regulating their behavior to stay on task such as mustering their creativity to make a plan of action, they self-regulate their emotions. Mood for them, takes precedence. While useful in the short-term in terms of mood repair or protecting self-esteem, this short-termism can have serious long-term consequences for their companies. Consequently, they end up undermining their company's, as well as their own performance.

Strategist and author Kaihan Kippendorf, is right on target when he says that most CEOs invest their energy at any one time on four initiatives:

1. Wastes of time: hard-to-execute ideas that would have little impact on their achieving their goals. 

 
2. Tactics: easy-to-execute ideas that will not significantly impact their success. 

3. Winning moves: easy-to-execute ideas with huge impact. 

4. Crazy ideas: difficult-to-execute ideas that, if you could figure out how to make them happen, would really make a difference.

Investing Time Wisely

If they have the best interests of their companies at heart, and wish to invest their time and energy more efficiently, CEOs should practice the following.

• Dump the Wastes of Time and focus energy on more productive activity.
• Execute the Tactics or the easy-to-do stuff of the second , but bear in mind that they are not strategic priorities.
• Attend to the Winning moves NOW.
• Instead of dismissing the Crazy ideas as "go to the moon" ones, spend their time figuring out how to make them feasible.

To begin practice, they should ask themselves two questions: 

( i ) If I successfully executed this initiative, what impact would it have on my ability to achieve my goals? and 

( ii ) How easy is it execute this initiative?

An an even better way; they can get themselves a Business coach who can support them to question themselves in sifting and weighing their options and estimating chances of success. And most important - remember the commitments they made to themselves!

To know more on how I can help you, check out my website http://arurbizcoach.com/

Is Your Organization Future Ready?

One of the foundations of business improvement strategies is to align business activity against organizational objectives, customer requirement and business strategy. However, very often, this alignment does not exist and the reason? The teams do not know what the organizational goals and objectives are! 

Evan Apfelbaum, of the Kellog School of Management, once asked a a group at a top American consulting firm what the goal of the team was. He got eight different answers! Which was exactly my experience with the findings of a survey I carried out recently. The survey, conducted on a client’s key executives, was to gauge the organization’s ability to focus on and execute their most important goals. One of the questions in the questionnaire was, “If you know any of the top three goals of your organization, please list them..” To this, 22% said they did not know the top three goals, The rest responded as follows:

 

Goal #1

1.      It should be system driven

2.      Be the biggest ....supplier in India

3.      Number 1 in world.....

4.      Achievement of target set by..... for year

5.      Sound customer base

6.      To be #1 and capture 80-90%.... market in India

7.      Brand image

Goal #2

1.      Individual responsibility for ...  success

2.      Educate the customers

3.      Customer satisfaction through technical assistance

4.      Best customer service

5.      Sales target

Goal #3

1. No compromise on quality product
2. Stand with the competitors with good profit margins
3. Fastest and profitable subsidiary of .... India
4. Collection

This diversity of  views on the goals of the organization is one of the most common occurrences in teams that don’t perform well – if people are not focussed on that one common goal, it becomes difficult to achieve the purpose that it has been assembled for.

According to Locke and Latham, clear common goals affect individual performance through four mechanisms. First, the goals direct action and effort toward goal-related activities and away from unrelated activities. Second, they energize employees. Challenging goals lead to higher employee effort than easy goals. Third, goals affect persistence. Employees exert more effort to achieve high goals. Fourth, goals motivate employees to use their existing knowledge to attain a goal or to acquire the knowledge needed to do so.

In the case of this particular client, as a first step to bring about alignment in business activity, we recommended and executed a Visioning workshop, along with some more initiatives based on other findings of the survey.

Clear common goals that everyone understands, are critical to every organizations business success. They provide organizations with a blueprint that determines a course of action and aids them in preparing for future changes.

Is your organization future ready?

Reference: Encyclopedia of Business 2nd Edn.

The Essential Element of Leadership

For an organization to succeed, it is vital for teams to have clarity of direction. Three elements which can help establish a clear direction for any team are:
- A Team Mission Statement
- A Team Vision Statement
- Team Values

Most organizations who conduct workshops for defining the three elements would do well to remember the words of Charles Schwab, the former CEO of a brokerage house. He used to say that people will work hard for money, but will give their lives for meaning. And the most powerful way of giving meaning to people's lives is by helping teams to define their Personal Mission, Vision and Values, BEFORE they do so for the organization. This will have a powerful impact on the employees engagement with the entire process of defining, as well as the practice of the values. Apart from making their individual lives more meaningful, this sequence of workshops helps in two ways;

1.  the understanding of the importance of values in their personal lives renders the task of defining the organizational values (challenging at best), much easier.
2. it helps individuals draw a line-of-sight between the personal and the organizational mission and values

Living the Vision
The task accomplished, the leader has to embark on what Tom Peters calls "the essential element of leadership" - living the vision vigorously and practicing the values diligently. To do this, he needs to ensure open and continuous channels of communication with his employees. This constant contact will help the business leader to support his teams to live the defined vision, practice the values and to shape the culture and the way that things get done. Here are some way of doing it:

1. Keep leaders, managers, HR staff and others engaged in the process through conference calls, email bulletinsand online forums
2. Create an intranet page focused on the implementation and practice of the three elements where you can put a list of FAQ's as well as experiences of the people with the new practices
3. Maintain focus on monitoring and course correction. Provide channels for feedback and ideas. Document questions and issues and share responses in different media.

Keeping at it
Once the mission-vision and values are sufficiently integrated into the system, its no time to stop. For, to quote Robert Levering, the co-founder of Great Places to Work Institute, "there is no such thing as 'too much communication". He cites examples of two CEO's who did it successfully:

1. One of the values of Genentech, a biotech company was   'open communication'. The CEO did an extraordinary job of being transparent. Any question asked over email, would be responded to within 48 hours.
2. Medtronic, a medical devices company has an event where actual patients come and talk about how their lives have been saved by Medtronic heart devices. This way, employees can see how people's lives have been saved. During the session, says Levering, there's not a dry eye in the house.

 Can you think of similar creative ways of living your values and connecting your organization's vision to it's impact on your customers?  Doing so should pay you rich dividends.