Monday, January 28, 2013

Hard Work Beats Talent, When Talent Doesn’t Work Hard!

On an athletic level, this is so clear. There are plenty of “gifted” athletes that never excel because they rely on their natural ability to pull them through. This lesson can also be seen in academics. Some students rely far too much on their natural ability and end up paying the price.
 
There is no simple secret to success. There are no silver bullets or short cuts. But nothing is more important than preparation and hard work. Yes, we can all point to examples of people who are successful “flying by the seat of their pants”.   There are always exceptions. 
 

In business, we compete every day.  We compete with other companies.  We compete with other employees.  We compete with other candidates during interviews.  Does the most naturally talented individual always win?  No.   Does the most naturally talented individual win most of the time?  I would argue “No”.  In my experience the most prepared individual wins.
 

The lesson is simple, “Hard Work Beats Talent, When Talent Doesn’t Work Hard”.  Don’t make excuses.  Simply work hard and be prepared.  You will win more often than you think.

Monday, January 21, 2013

Important things you won't learn in school

As I tell my students, you can learn a lot of things in the classroom. But there are some things you’ll never learn in the classroom. Hopefully, this will fill some of the gaps:
 

The Whole Truth Is An Illusion – You will almost never know the whole truth, so don’t pretend that you do or that you will.  Our perceptions of the world are clouded by our own subjectivity and by our interpretation of information.  But this shouldn’t stop you from making a decision. Analysis paralysis is a term used to describe the situation where the deeper you dig into a topic the more questions you have.  As a rule of thumb, don’t make decisions with only 10 percent of the available information – but don’t expect to have more than 75 percent before a timely decision is required.  Most importantly, be humble in your decisions and opinions because of this fact, but stand by them until proven wrong by more information.
 

Great Ideas Are Nothing Without Execution – Great ideas without good execution get slaughtered in the market by ‘good enough’ ideas with great execution.  There are plenty of examples of the same idea failing until properly executed such as Facebook when compared to earlier attempts such as Six Degrees and Friendster.
 

Intelligence Still Requires Experience – In school we compete against classmates that have generally the same level of experience. Thus, one’s intelligence plays a key role in academic performance.    In the real world brilliance alone, especially in competitive situations, simply isn’t enough. The Dunning-Kruger effect, sometimes termed Illusory Superiority, tells us that the less competent we are in any given area (competence is driven by experience), the more likely we will rate ourselves as “better than average” in competency.  This illusory superiority often drives bad decisions.
 

Not All Conflict Is Bad.  We grow up being told not to argue with our teammates or peers but both scholars and practitioners agree that there are good and bad forms of conflict.  The good conflict, known as cognitive conflict, is the healthy debate that teams participate in when determining what or why something should be done.  It involves a wide range of perspectives and experiences and can help generate strategic options for growth.
 

Leadership Is About EQ not IQ – Evidence suggests that the most successful leaders have some minimum IQ.  But IQ alone is not sufficient to be a successful leader.  The greatest leaders have high emotional quotients, often considered a combination of social intelligence and emotional intelligence.  Leadership is not about you. It’s about your teams.  As a leader you need to check your ego at the door and worry more about your team’s welfare, performance, and improvement.

Friday, January 11, 2013

Decisions

One of the easiest ways to take control of your actions is to take control of your decisions.  Decisions are what precede all of our actions. A truly committed decision is one where you release all the possibilities from your mind, except for the outcome that you are absolutely committed to.

The challenge is that most of us have weak decision making muscles mainly because we tend to say "I will give it a go and see if it works." A truly committed decision is like a laser beam that is so focused on its target that nothing can get in its way. In its Latin form the word "decide" means to "cut off" and that is what a truly committed decision calls us to do.

Cut off all other possibilities to the extent that you will not even consider any other result. Now this might sound easier said than done and I have to agree. BUT once you realize that making decisions is a skill and that the more you practice it the better you get at it, you will begin to powerfully direct and shape your life towards your ultimate destination.

Consider this: Start by taking a different look at problems and challenges. Commit yourself to seeing them as the necessary "weights" to build enough strength to reach your goals. Learn to welcome problems as opportunities to grow and soon you will habitually turn challenges into opportunity.

Thursday, January 03, 2013

How Do You Treat Waiters?


The way you treat others offers a window into the type of person you are.  Your interaction with people, whose job is to serve you, reflects on your character and offers a glimpse into the way they will react to you.
 

When you behave in a condescending manner, you are sure to elicit a negative reaction.  Immediately, the person you are talking down to will be put off, even if they don’t show it.  You will squelch any inclination for the other person to go out of their way to help you.  At most, they will do no more than the bare minimum necessary to keep you mollified.
 

Many Managers like to observe how job candidates treat waiters.  How a prospective employee treats a waiter offers a clear picture of the type of person he/she is.  Someone who is polite to you but discourteous to a waiter does not have desirable interpersonal skills.  They tend to be abrasive, causing friction among coworkers and subordinates.
 

People, who are rude to waiters, erroneously believe they are displaying power and authority.  They mistakenly think their behavior will impress others.  Anyone who attempts to elevate their status by stepping on others will ultimately fall flat on their face.
 

People with integrity and character treat everyone with courtesy and respect, regardless of their occupation, financial, or social status.  They don’t view themselves as being above or below anyone else.
 

Treat everyone you encounter with dignity.  In so doing, your relationships with people, even strangers, will improve.  You will still find some individuals you just can’t deal with.  But they will be much more of an exception.  You can never go wrong by treating another person well.