One of the things we used to do every year in the TV business was our 5 year plan. We’d project out ratings and revenues and expenses and someone in the accounting department would make sense of it all. The same sort of exercises went on then (25 years ago) at most businesses, as they do now, which is wonderful except for one thing. Continue reading →
I enjoy watching Rachel Maddow and Pat Buchanan. Their segments together on MSNBC are interesting to me (and even to Fox News, apparently) because they are as far apart as two people can be but are able to have a discussion about the issues without engaging in personal attacks. Unfortunately, this is not common (any more) either in politics or in business.
How do you behave in business? Is everyone who disagrees written off as a jerk or do you listen to what they’re saying and weigh it against your position? They may be wrong about the facts – you can correct them. You may disagree with their interpretation of the facts – you can show them there is another way to think about them. I’ve had people explain to me in excruciating detail how their way is the ONLY way to think about something and get our business to someplace we both want to go. I’ll often ask them to pretend we are driving to that place and a bridge has fallen en route – what’s the other way?
Then it gets tricky – one of you is going to have to agree to try it the other person’s way. If your way is the agreed-upon solution and you fail, you need to do a couple of things:
Figure out why
Change your thinking
Reach out to the other person and compliment them on their excellent thinking (well, it WAS better than yours this time!)
File the entire incident under “learning experience” and move on.
If you are right, you need to do a couple of things:
Do a silent victory dance when you’re alone
Reinforce the good parts of your thinking and think about that parts that may not have been spot on
Leave the other person alone unless you’re into getting beaten up and want a reputation as an “I told you so” jerk
File the entire incident under “learning experience” and move on.
The key was what Pat and Rachel were doing – an intelligent exchange of ideas expressed in an honest and open way and received in the same manner. Run things this way and you won’t always win but the business will and, over time, you’ll be surprised how often you all end up on the same page.
I drove home late last night (or early this morning – I’m never sure when one ends and the other begins) in sleet. The roads were really slick and you could see the ice pellets accumulating toward the side of the road where people hadn’t driven yet. Which of course got me thinking about business or, more specifically, the business climate today. Continue reading →