Category Archives: Thinking Aloud

Speed Kills

I was reading a sports business newsletter this morning and I came across a quote that prompted a business thought. The speaker – a host on ESPN – was reflecting on the demands placed on journalists these days. What she had to say about the need to be fast was this:

The whole Wells Report is like 400 pages. I don’t have time to read 400 pages, but I have to go on the air to say something about these 400 pages. I may have read a good third of it. That’s where we are right now. The whole need to produce an opinion has overshadowed the need to produce reporting. When I was growing up, people were watching the news and expecting unfiltered, objective news. Now, if it isn’t about clicks, it is about drawing attention to yourself and making your opinion stand out and that is difficult.

The Wells report, for those of you not following the story, was an independent review of the deflating of footballs by the New England Patriots during a playoff game last season. I think what she had to say applies to any of us in business and it’s instructive.

We get so much information on a continual basis. Inevitably, some higher up asks about what’s going on and there is a rush to judgement. Many of us feel the need to produce an opinion even though we don’t feel as if we’ve had the time to adequately analyze and reflect on the information we’re getting. That’s dangerous and, in my book, often counterproductive.

We all have opinions – just check your Facebook feed and you’ll see dozens.  I think we all like to believe that we base them on facts, but that same feed will show us that many times that’s just not so.  When that request for information is made, the person asking is generally not seeking your opinion.  They want a cogent analysis of factual material.  The problem is that we’ve all become accustomed to getting the answers fast.  After all, in a world where much of the learning of humankind is at your fingertips and is just a search query away, our sense of patience has all but disappeared.  The quote’s reference to “unfiltered, objective news” applies to the expectations we have in business.  Unfortunately, so too does the emphasis on speed and the need to place yourself front and center.

Like you, I get asked for quick answers.  I’ll often give one along with a disclaimer that it’s an informed opinion but not necessarily reflective of all of the facts and request the opportunity to come back with a more informed answer.  If I know the person asking is going to take immediate action on my answer, I might even ask for a brief delay before I respond so I can gather up some more objective information.  How do you handle it?

Leave a comment

Filed under Reality checks, Thinking Aloud

Becoming A Steakhouse

It’s Foodie Friday, and my mind is turning to steak. While I enjoy grilling steaks as much as the next person, most of our efforts here at Rancho Deluxe can’t compare to the product put out by a good steakhouse. It got me thinking about why that is, and it turns out there are some really good business points one can take away.

Steak at Peter Luger's

(Photo credit: Wikipedia)

At first I attributed the biggest difference to the meat itself. After all, high-end steak places serve nothing but prime meat, and generally, it’s been aged. As with any business, NOTHING can take the place of top-shelf raw materials. You can’t make a great product out of inferior ingredients. So on a special occasion, I splurged on an aged piece of Prime porterhouse thinking I now had the ability to replicate that great steak at home. While it was very good, it was definitely NOT the same.

Then there is the cooking method. Top steak places might use a broiler that is heated to 1,000 degrees or more. While I do have a high-end broiler in my oven, I don’t think it gets quite that hot. A charcoal grill can get quite hot using lump (not briquette) charcoal, but it’s a different experience than most steakhouses. Still, it came close in terms of providing enough heat to do the job.

So now I had the equivalent ingredients and a similar cooking tool but it just wasn’t the same. Putting aside that I was doing the cooking and not just being served, I realized that there was one more huge difference: practice. Steakhouses cook 1,000 steaks a week or more. If I do 24 in a year it’s a lot. But it’s a good business point.

There is no substitute for practice, and the more times we do things – presentations, analyses, whatever – the better we become at them. That’s noticeable to the recipient.  Having great raw materials – that includes people – and a great methodology coupled with the right tools to do the job and a LOT of practice can produce a great steak.  That formula’s also capable of producing greatness in your business if you’ll let it.  Will you?

Leave a comment

Filed under food, Thinking Aloud

Business Jams

Grateful Dead: Backstage Pass

 (Photo credit: Wikipedia)

I was driving around this weekend listening, as I often do, to The Grateful Dead. Like them or not, you probably are aware that they were the world’s preeminent jam band, even if jamming as a concept that is as old as music itself. What’s interesting about jamming is that the music is never the same. Oh sure – ideas get recycled from one night to the next, but the entirety of the piece of always pretty different no matter if we’re listening to The Dead or to some great jazz.

What’s interesting is that some bands will cement the better ideas into songs. That is how some bands write. They just start playing until some good ideas surface. Those ideas are memorialized, lyrics added, and voila – a song. It’s not a bad business concept either.

When musicians get together to jam, they come from a place of openness and collaboration. They are there to experiment. While some jams start with the framework of an existing song or just a blues jam in G, most of the time you’re off following musical ideas thrown out there by the other musicians. You’re guessing about what will work at some points. To do that well, you need to keep an open mind.

Brainstorming is business jamming. You need an open mind and a willingness to go where the music (thinking) leads. Sometimes you happen upon a great riff – a fantastic business thought – that can be preserved and turned into a song – a product, or maybe an entire business.  You might think that some brilliant new innovation was the result of careful planning.  The execution probably was, but I’m willing to bet that the underlying idea came out of some mental jamming by a person or a group of people.

When I used to play music seriously, jams were fun.  They involved getting the right people together – people who have both the technical and mental abilities required as well as whose musical styles meshed well with the others in the room.  I can’t think of a better way to lay the foundation of a successful enterprise, can you?

Leave a comment

Filed under Music, Thinking Aloud