Tag Archives: management

July 15, 2016 · 12:25 pm

Do You Respect The Traditions? Then Change Them!

By Alice.jessica.north

This Foodie Friday I want us to reflect on a quote I read. It comes from Chef Massimo Bottura who runs a restaurant currently ranked as the world’s best. He did and interview with the folks at Business Insider and one thing he said particularly resonated with me:

Most of the time I ask myself, “Is the tradition really respecting the ingredients?” If it’s not, then I have to change the recipe. In the beginning, it was difficult to do, but after we showed people we could evolve the traditions by taking a different approach, everyone accepted it with open arms.

I think that statement has broader application beyond the kitchen. We have many traditions in our business lives. Some of them are relatively innocuous such as our daily routine and some of them are quite important such as what is the nature of our business. It’s in these latter traditions that we find ourselves often not “respecting the ingredients” by ignoring the changes occurring around us.

Let me give you an example. When I was with the NHL over a decade ago we began discussing the streaming of local games. At the time we had some technical concerns ranging from bandwidth both on our end and consumers’ along with others. Those technical issues are long gone, and the NHL has been successfully streaming lives games to consumers since 2006, but only to consumers out of the local market where the game is airing. It has taken a decade for the local television deals to evolve to permit in-market streaming. That “ingredient” – the local television contract – was no longer “in season” and was being overly respected. The recipe had to change and it finally has, as this article shows. Bravo!

That’s one example. You can probably cite several in your business area where the recipes need change so that the traditions evolve and become relevant to the modern world. We can change things up while preserving the integrity of the tradition and the best things about why it became a tradition in the first place. Circumstances change. We need to as well.

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June 28, 2016 · 11:00 am

Going Backward Is Dumb. Looking Backward Isn’t.

There was a story in this morning’s paper that had me shaking my head once again. Seems as if it’s a daily occurrence, I know. This one got me thinking about the things we can take away from the subject and apply to business, which is also a daily occurrence. The story was about our shared stupidity and our general refusal to learn. Let me explain.

Here is the headline: American Drivers Regain Appetite for Gas Guzzlers. I’ve linked to the story but as you can imagine it has to do with many people giving up their fuel-efficient cars to buy gas guzzlers as the price of gas has fallen. Of course, in addition to adding a lot of room to the passenger compartment, these vehicles also add a lot of greenhouse gasses to the atmosphere, and unless you’re one of the few who are ignoring virtually every scientist on the planet, that is creating a changed climate for us all.

I’m not ranting today about the politics of this. To me, it’s not very different from what a lot of managers do in their own businesses. The higher price of gas was a crisis. Many car owners adjusted by decreasing driving, buying more efficient vehicles or using mass transit if it was available. Most good managers do the same sort of thing in a crisis. They cut spending, focus on business development, eliminate inefficient product lines, and do all of the other things one can do to continue on until the crisis has passed. What the great managers do is to continue to operate with that mindset even after the crisis is long gone under the assumption that the same problem or another one is virtually certain to rear its head at some point. That doesn’t mean they fail to invest once conditions have improved. It does mean that they learn from the crisis and adjust and they don’t go back to doing exactly what they were doing before.

I own a hybrid and my family owns two others. I can’t see going backward with respect to fuel efficiency and greenhouse emissions no matter how cheap gas becomes. I try not to go backward in business either. Going backward is dumb. Looking backward and learning isn’t. Your call.

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June 20, 2016 · 12:45 pm

Make Up Your Mind

At the risk of compelling you to sound like Ronald Reagan (“There you go again”), I’m going to weigh in on a lesson learned from yesterday’s US Open Golf Championship. I promise not to get into a discussion of the rules of golf!

There was a moment when Dustin Johnson, who was leading the tournament, had his golf ball move a tiny bit while he was preparing to putt. He notified the rules official about what had happened and the official told him that since ball moved without Johnson doing anything to cause it, there would be no penalty. At some point, other US Golf Association officials notified the on course officials that they were going to review video of the indecent and that Johnson might be facing a one stroke penalty. What ensued was chaos, and is instructive for any of us in business.

Put yourself in the position of the golfers. At the time, there were several competitors within several strokes of one another. The on-course scoreboards might no longer be accurate and every walking official had been notified that Johnson’s score might be one shot lower than the scoreboards were reporting. Do the golfers play more aggressively? More conservatively? The point is that there was uncertainty and that uncertainty might not be resolved until after the round was over when more officials could chat with Johnson.

That’s the business lesson. Putting aside the complexity of the rules, the USGA should have made a decision immediately. No golfer can compete without knowing how they stand and neither can the folks who work in your business. I’ve worked in organizations where there were rumors of layoffs and/or budget cuts. It was paralyzing. Employees were focused on their jobs and not on their work. Partners were worried about both with whom they’d be dealing and if the business could live up to commitments it had made. I’ve found people can deal with almost anything except not knowing.

There is a corollary lesson here. If the scoreboards aren’t accurate, the golfers don’t know how they stand nor how they should operate going forward. If your data is incomplete or possibly inaccurate, neither do you. We need to make decisions and we need to have accurate, complete information as we do so.  Lesson learned?

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