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Saturday, August 24, 2019

Think vs Do! Ideate vs Execute! The thinker-doer dilemma.


Think vs Do!
Ideate VS execute!!

New ideas receive a fair dose of skepticism especially if they need a change in our way of work. Likewise, one gets trapped in the ‘now’, if he is not willing to look into the future and make changes to face it or create it. So, what is the right balance? How much innovation is okay and at what point should we look at the practicality of execution too? Should we think more ‘now’ so that we optimize on the effort in the future or excel at what we are doing now and not worry about the change bridge, until such time we have to cross it? Is the reluctance to accept change only an issue of moving away from comfort zone?
Some standard phrases thrown at the change agents are – “We must improve our execution first, then think about innovating” or “It’s easy to dream, difficult to implement” etc. Let us look at some of the elements around thinking for the future and executing well in the current.
A pit fall in the process hurrying to execute is the pursuit of incorrect idea. A wrong idea will always take you to a wrong destination. A wrong idea, executed well, will take you to your destination faster. Nevertheless, the destination will not be the one where you wanted to reach in the first place. If the solutioning is based on any constraints or is a knee jerk reaction to any pressure, the whole process and outcome are bound to fail. No one deliberately pursues the wrong ideas. The problem comes when one loses sight of the bigger picture and is caught up in an activity trap.
Stephen Covey in in his famous book, ‘Seven Habits of Highly Effective People,’ shares an example of a person climbing efficiently on a ladder, only to discover that the ladder has been leaning against the wrong wall.
Another element to consider is the timing and impact of the idea we pursue. Ideas could be aplenty, but we must pursue only the ones, which have longer impact and are thought-through from inception to ease and consistency of execution. Repeat-ability and replicatability of the execution is as important as any other feature of a new idea. Mediocre ideas, no matter how well executed, will still give mediocre results. So the natural thing is to think that we should pursue ideas that are right at that time and situation. However, there is a catch again. If the aim is to create a differentiated experience/ offer / service / product, the input can’t be just a right idea. It has to be a great idea. The key lies in transiting from a stage, which nurtures innovation and move towards break-through ideas. An external intervention might not always provide an impetus to the transformation process. Building internal capability and incubating innovation with careful nurturing will help create the ecosystem where people would be free to express and iterate on new ideas. In addition, great ideas do not come easy. At the core of any great idea is a deep thought, appreciation of all the impacting elements and ability to nourish execution. Good is indeed the enemy of Great.

What about execution?
Execution makes innovation prosper. Without execution, ideas will remain in the discussion stage. Some teams and individuals build execution excellence as their most precious asset. No doubt, it is a great asset, but it should not be wasted merely on the mediocre, wrong or even good ideas. Instead, they should leverage it to the fullest by applying it on breakthrough ideas. Steve Jobs is regarded as one of the best innovative minds. But, he is also notorious for his ruthless executing skills. He drove execution at Apple in every imaginable way. But he didn’t run after every idea. After his return to Apple, he pruned the number of products from 350 to 10. Perhaps Steve Jobs was an exception. Not everyone can be a master of both ideation as well as execution. Most of the times, leaders are strong in one of the areas. Does that mean you have to make a trade-off between ideas and innovation? Not necessary.
Take the example of the intuitive, creative software designer Pierre Omdiyar, who started a new venture called AuctionWeb. Omdiyar knew that execution was not his greatest strength. He came across Jeff Skoll, whose skills in analysis and in the practical side of running a business made him a perfect match to Omidiyar’s skills . On Omdiyar’s invite, Skoll joined him as his first employee. Later, they changed the name of the company from AuctionWeb to eBay, which is now a multi-billion dollar business that operates in over 30 countries.
So, if execution is your top strength, stop undermining the importance of ideas, instead tag along with minds that are full of great ideas. When the best of ideas are driven through great execution, the magic of innovation happens.
So what to choose? Great ideas or excellent execution? If we have this question in mind, we have lost half the battle. Because the very mindset of ‘ideas vs execution’ is a flawed one. Anyone who believes that ideas and execution are set to be replaced with others who operate with the mindset of ‘idea AND execution’

The bottom line:
If your team / function is planning to pursue execution excellence, do it. However, never be under the illusion that it will compensate for the lack of creative ideas. Encourage people to think creatively. Train them in creative thinking. Everyone can learn to think creatively. Raise your bar. Demand for those creative ideas that will offer your team a clear edge. In addition, execute them with fervor.   This is how great teams disrupt the market with their innovative ideas and create delightful experiences that distinguish their organizations in the market.

Monday, February 11, 2019

Work is no longer somewhere people go; It has to be something they feel.


Work is no longer somewhere people go; It has to be something they feel.




While the work from home trend is catching up across most sectors, there seems to be a positive news for the office as well.
Across the world the real estate costs for residential communities have been steadily growing high and people are moving to the outskirts along with the increase of urbanization. Simultaneously, the need for office as a physical location for employees to gather is continuously being questioned. What was a ‘far-off’ location isn’t really that far, and companies are pressurized to extending their transport operations net to wider areas. In an interesting study1 conducted on job satisfaction of employees in different commute times, “Twenty extra minutes each day has the equivalent impact on satisfaction as a 19 per cent reduction in income.” There is a consistent increase (by over 115%, YoY)2 in the number of people adopting to work from home at least once or twice a week. Like the analogy of shrinking world, the workplaces are shrinking too, the change is happening in the physical workplaces as well as in the minds of employees about their perception of workplace.
However, one can’t undermine the importance of engagement, networking and insights that the quintessential watercoolers and cafeteria provide. Having an intrinsic need for social association people still drive to a place they would call as work at least occasionally for various engagements and the primary of them is validation. A workplace which can foster collaboration, bring together different sub-groups (communities of work / practices), will thrive as against a typical cubicle –cabin office space. Another important concept that is catching up is that of work places as social glue of the company culture.
Besides, the working-from-home trend might not be one-pill for all office space problems. Yahoo Chief Executive Officer (CEO) Marissa Mayer famously banned the practice, writing: “Some of the best decisions and insights come from hallway and cafeteria discussions and impromptu team meetings.”
IBM followed suit, a remarkable move in a company where 40 per cent of staff worked remotely. The information technology giant upgraded its offices accordingly, installing an ‘immersion room’ (complete with 360-degree screens), in its Manhattan building, while its Software Executive Briefing Center in Rome has been renovated to foster more collaboration amongst users.
Research suggests that organizations are turning to inspirational work environments as retention tools for their top talent. Nearly a quarter (23 per cent) of US employees say the way an office is designed affects their retention, according to a recent report from Continental Office, with 85 per cent wanting a more collaborative work environment.
Finally, as facilities managers we realize each day through our interactions that work is such a big proportion of people’s lives that the environment they do it in has to be enjoyable, work can no longer be somewhere people just ‘go’ to. It has to be something they feel.”
Citation
1.     Dr Kiron Chatterjee, associate professor in travel behavior in the University of West England.