31 October 2013

How To Effectively Battle Work Guilt


High productivity is the demand of the working world today.

We feel this constant need to always be achieving results and keeping up with what is expected of our roles. But often we find ourselves being driven not by the power to be productive but by the guilt that comes with not meeting our expectations as well as others' expectations of us.

We’ve all been there, doing task after task long after working hours are over, only to feel that we haven’t been productive or done enough. We’ve waited for our managers to leave before we do, in the effort to not look like we’re ‘slacking off’. This form of guilt, commonly known as work guilt, can often be quite damaging and lead to a phenomenon called ‘obsessive-compulsive productivity’ creating a vicious cycle that you can’t seem to escape.

So how do we learn to break this cycle?

The first step is to start noticing when work guilt rears its ugly head. Start a log identifying all the triggers and your responses to them, and you will start to eliminate the reactive behaviour you have toward work guilt.

The next is to use a couple of techniques to eliminate the guilt and keep you in good standing with yourself, colleagues and employers.

1. State your goals clearly. Productivity is important, but there is only so much you can fit into an 8-hour day. Determine how much time you need to spend on tasks and be up front with your employer about overtime before starting a job. If you’re not willing to work late on certain days, be clear and give advanced notice so that your employer has knowledge of it to make the necessary changes.

2. Use your time more effectively. If you spend the entire day emailing and chatting with co-workers, you’re going to feel guilty that you didn’t get any work done. Cut down any time you’re wasting and focus on getting as much work done as you can in regular working hours. Tracking your time on tasks can help pinpoint time wasters and improve your productivity, as well as provide a written account of what you have accomplished, counteracting any guilt you might feel at the end of the day.

3. Working day in and day out is not good for even the brightest workers. It’s important to take time out. Put in a holiday leave request well ahead of time, work out project handovers and cover your bases, alert clients as to when you’ll be away from the office and don’t feel guilty when the time comes to take that well deserved break. It will give your mind some rest, eliminate stress and you will return to the workplace in a much healthier frame of mind, ready to tackle new projects efficiently.

4. Learn to say ‘No’. We often feel that by refusing to take work on we’re letting employers down. However, when you have enough on your plate and need to say ‘no’ for the right reasons, don’t hesitate. You’re more likely to let an employer down by taking on a project that you don’t have time for and won’t be able to deliver in the timely and quality manner you are known for.

Work guilt is certainly something you can have control over and it all starts with acknowledging the issues. Use the tips above to help you and remember that you’re at your best when your stress levels are manageable and productivity comes from a place of motivation and happiness, not guilt or fear.

Warm wishes, Donny

24 October 2013

Digital and Social Media

As a Business Executive, you can’t afford to ignore social media. Studies show that 2 billion consumers use social media and this number is expected to grow to 2.55 billion by 2017. Thinking at an executive level, social media must be incorporated as one of your company’s business strategies. It’s how your clients, customers and employees want to interact with your business.

This is the time for you to pull yourself away from the 70% of Fortune 500 CEOs that are not yet using social media. Recognize how Richard Branson (Founder and Chairman of Virgin), James Caan (CEO and Founder of Hamilton Bradshaw), and Doug Conant (Chairman of the Avon board of directors) made and maintained their own global presence. They share updates ranging from business to their personal lives and followers get to join them on a journey, all the while being exposed to the brand and its products and services. These executives stay active, follow their followers back and never forget to thank people who retweet them.

Look at social media as a way of “listening” to your clients and customers. Obviously, fans, followers and even “haters” are noisy when it comes to tweeting their likes and dislikes. Making sense of this noise is a great way of interpreting their minds and analyzing how your products and services can get into their evoked set of brands. Minimize the use of business lingo in your blogs and posts; it helps make them a bit more approachable.

Business executives can also use social media as a leadership tool to educate internal and external stakeholders, clients and customers. There are lots of webinars that are easily accessible on the cloud which can help create and promote your brand. Following competitor companies, finding the latest technology in line with your business and examining which strategy will be most effective for your company is paramount. You need to pick your channels and not try to be all things to all people. Facebook may not be relevant for your clients and customers but LinkedIn and Twitter may be very compatible.

As a business executive, you should aim to be a “digirati,” or what they call a digitally mature business. A digirati can make strategic decisions on where to excel in the digital space. This results in technology-enabled initiatives that improve engagement with customers and even transform business models. They continue to maintain leadership elements: vision, governance, the IT-business relationship and engagement with internal stakeholders. A joint study conducted by Capgemini and MIT Sloan showed that digirati are 26% more profitable, and also generate 12% higher market value ratios than their less mature digital counterparts.

So, what do you think? When it comes to digital and social media, are you in or out and do you have what it takes to be a digirati?

Warm wishes, Donny

15 October 2013

Succession Planning: The Good and the Bad



To most, succession planning is not an important consideration for their business. Some even believe that it is only for family-owned companies. This however, is not the case.

Succession planning should be considered as vital as the company’s biggest goal. It provides a strong basis in terms of deciding who will be the next leader of a company in case of a sudden loss or unexpected retirement of the current leader. No matter how immortal the current business status of a company, succession planning can be used to determine whether the company has a potential key leader already developed who needs continued development and to be nurtured for the future.

Much like any other corporate activity, succession planning has a number of advantages and disadvantages. More often than not, these are practical things one should consider.

On the positive side, succession planning provides a continuous supply of strong and skillful leaders to a company. It is an opportunity to retain these successors and make them feel that they are essential for the growth of the company.

One way of developing a succession plan is to assess the qualifications of current employees – what do they already have, what do they lack and how you think you can help them develop and grow. Then compile a list of future talents that you think you might need for your future employees. This is actually an extension of talent management; something that business analysts believe has a very big impact on a company’s returns.

Also, bear in mind that regular employees who are assigned to do the day-to-day tasks keep the business going. It is important to include them in your plans. Succession planning is not only for executives or senior managers.

During succession planning, there is also an opportunity to conduct a SWOT Analysis. It will enable you to see the company’s needs now and in the years to come and align with your strategic direction. Once weaknesses and threats are clear, it becomes easier to deliberate how they should be faced and resolved.

There also can be a risk that during succession planning, an unworthy person might be appointed for a key role. Risk also increases if planning is held too early. A better candidate might be available after the decisions of succession planning have already been made.

Succession planning performed poorly has worse consequences for a company than if not done at all. Plans should be made only when the business is mature enough. Poor succession planning will produce poor decisions, which will lead to a weaker business model that is not prepared for the long-term.

A perfect example of a good succession plan is what happened at Apple. Its iconic CEO Steve Jobs practiced a proactive succession plan. While he was battling pancreatic cancer, he reduced the chances of a power struggle and publicly backed his successor, Tim Cook. If a successor had not been chosen, it is unlikely that Apple’s core business would have been able to maintain its momentum two years on since the passing of Jobs.

Warm wishes, Donny

8 October 2013

Understanding People Is A Key Factor In Transition Management

Change or getting out of one’s “comfort zone” can really frighten employees in an organisation and yet the pace of innovation demands that organisations keep ahead of or at least keep pace with change to ensure sustainability, competitiveness and remain relevant to their customers and clients. A great strategy that could establish a business on a projectory path of success could still fail if it is not implemented well using appropriate methodologies of Transition Management.

What does this mean? Well, the starting point is to understand people. Sounds easy? Maybe, maybe not. A lot of leaders and managers struggle to understand the human factors when it comes to our attitudes at work. We have a tendency to assume that everyone has the same values as we do and that we are all one way or another driven to behave by the same reasons. Plans, outcomes or implementing a change can all go awry if employees do not have ownership by being included in the planning stages or believe in either the idea or the plan.

It is not due to malicious behavior to jeopardise the implementation of a change, it is how people naturally behave when it comes to change. One of the greatest books that simply highlights this behavior is called, “Who Moved My Cheese?” by Spencer Johnson.

The combination of a strategic plan with business logic and employees with emotional factors and buy in are a typical marriage forged into a transition management model. As long as the implementers of a strategic change understand this marriage, the likelihood of success increases.

To understand this concept better, try applying it on a personal level. Managing change can be tough and while we all subconsciously manage transition in our daily lives (a new home, career, partner, computer, even a new route to work) we may involuntarily resist any form of change that we do not understand or cannot see any form of benefit. Our minds are often set to perceive the current situation as the best we can achieve which can limit ideas and possibilities for improvement. We create a paradox where the result is using the transitional management skills we learnt in life to maintain the status quo.

Transition management should never be looked down upon. It should be used in cooperation of our subconscious to our conscious. As leaders of change, we must understand that people fear change however, understanding the fears that employees have can be used to enhance our focus and appreciate the resistance and convert it into motivation so that we all CAN rise to the occasion to accept and implement change.

Warm wishes Donny