Believe in your team if you want them to be creative and innovative

“Do you assume that your employees are by and large creative, intelligent, and motivated? Or do you assume that they are lazy, conniving, and counting the minutes to quitting time? If you believe the latter, then you might as well just give up on creativity and innovation in your organization, because you will not get it. It’s better to believe the former and assume that people have good intentions unless they prove otherwise.”

The Hard Thing About Hard Things by Ben Horowitz

This is an excerpt from the book “The Hard Thing About Hard Things” by Ben Horowitz. One may have recruited the best possible people but in the end only a leader’s belief drives the creativity and innovation in a team. Only a leader who believed that it’s team members are creative, intelligent and motivated can drive them on a path to innovation. 

No one can “force” people to be creative or innovative. Creativity and Innovation are driven only by a leader’s belief in its team.

If you already believe the team members around you are lazy, lack the “common sense” or are there just to punch in the hours then no amount of money can motivate them to be creative. 

#people #successmantra  #inspirationoftheday #leadership 

Who do smart people work for ?

What is the prerequisite for becoming a leader or a CEO ?

Many a times people answer from their imagination that the person needs to be selfish, ruthless, callous, conniving and manipulative. 

Nothing can be farther from truth if you really look around at the great leaders / CEOs around you. Leaders who have built amazing businesses and delivered successfully are also the ones who have been able to build great teams. They were able to build great teams because smart people wanted to work with them. 

Truly great leaders create an environment where the employee feels that the CEO cares more about the employees. Amazing things happen only in this kind of environment. 

I am quoting another gem from Ben Horowitz‘s book “The Hard Thing About Hard Things” where he talks about who do smart people work for. 

“Smart people do not work for people who do not have their interests in mind and in heart.” 

Ben calls this “The Bill Campbell Attribute” after the legendary Bill who he considers the best at doing this. 

And this is what differentiates leaders from wannabes. 

#leader #ceos #culture #linkedin #amazing #employees #people #book #inspirationoftheday #leadership

Not all work is created equal

Many people often confuse “activity” with being productive.Looking busy often gets accepted as being productive or working hard. Edmond Lau in his book “The Effective Engineer” has noted this by saying

“Not all work is created equal”.

Activities like writing status reports, organizing things, creating organizational systems, recording things multiple times, going to meetings, replying to low-priority communications only have a weak and indirect connection to creating value.

I have seen many a times that the productive time of – engineers atleast – gets lost due to meetings where they barely are even asked to utter one sentence or which are one way monologues, the essence of which they could as well have gotten over an email. Or when they have to share the same updates multiple times in different formats or on different systems. Or worse, running around, chasing different layers of management for approvals on mundane things.

All of these eat up their time and in the end they have a false sense of having a “productive day” while they barely generated any real value.

#people #leadership #inspirationoftheday #startups #effectiveteams #effectiveengineer #productivityimprovement 

Story is the output of strategic work

Most often entrepreneurs talk about story and strategy as being separate – story is focussed outwards (for investors) and strategy is focussed inwards (for team).

Ben Horowitz says that is not how one should look at it.In his book “The hard thing about hard things” his point about strategy is very clear and goes like this

“In good companies the story and the strategy are the same thing. As a result, the proper output of all the strategic work is the story.”

The Hard Thing About Hard Things

If you try to build a “story” without having really worked towards it in a strategic manner, it will result in disconnect and eventually failure.

#leadership #successmantra #startups #inspirationoftheday #thehardthing

People, products and profits – order matters

"Take care of the people, the products and the profits - in that order"

Starting up is hard, building a business out of your startup is harder and being able to scale it is the hardest. 

This is what the legend Ben Horowitz talks about in his book “The hard thing about hard things: Building a business when there are no easy answers”. He has openly written about his traumatising days of scaling Loudcloud / Opsware, how the company almost went bankrupt multiple times and how he dealt with three major lay offs in its journey. 

The core of it is simple

“Take care of the people, the products and the profits – in that order” 

Ben Horowitz

Things will always be harder than you expect but never let that impact the way you treat people who joined you in the journey.  He shared an advice given to him by another legend Bill Campbell when he had to fire an executive –  

“You can not let him keep his job but you absolutely can let him keep his respect.” 

Bill Campbell

#leadership  #startups #inspirationoftheday#failures #respect #people #startupgrowth 

Focus, focus and focus !

“We must realize—and act on the realization—that if we try to focus on everything, we focus on nothing.”
From “Measure what matters” by John Doerr

If you have not read “Measure what matters” by the legendary John Doerr then read it today. For me the single biggest learning from it is simple – focus.

He says it out loud and very clear – “We must realize—and act on the realization—that if we try to focus on everything, we focus on nothing.” Most often entrepreneurs try to chase too many shining opportunities, all at the same time, only to realise they fell short of resources or simply their own bandwidth.

I admire InVision in this regard which has been razor focussed on their product and users. It has proven SaaS is the way to go for all imaginable type of softwares.

Leaders don’t just recruit, they build teams !

Yes, most often you will need to recruit people to build a team but these two are not the same thing. You can’t build a team simply by hiring people – even putting together a bunch of ‘smart’ people does not guarantee you a team. This is what defines leaders – they know how to build teams, which are not simply a sum total of individuals.

They are able to build teams which have a multiplier effect for each team member, teams which are much more effective and efficient working together, teams which loves to work together setting aside all personal differences.

#teamwork #culture #leaders #team #leadership

Importance of R&D for Digital companies

At Innoplexus, being an AI and data first company, we have been investing heavily in R&D and there has been an ongoing debate on how much is enough. I keep reading on the the topic and today I came across this excellent article in HBR which makes the case clear for higher R&D investment for Digital companies. Here is the link – https://hbr.org/2019/01/its-time-to-stop-treating-rd-as-a-discretionary-expenditure

Here are the key insights:

  1. R&D is an economically significant expense for digital companies, much larger than for physical product companies.
  2. A large component of R&D costs for digital companies consists of employee costs for engineering, product management, and information technology personnel.
  3. Digital companies consider product development as a necessary activity to survive. Digital companies must invest in product development to keep pace with the technological progress, competitive offerings, and ever-increasing customer expectations, or fear becoming obsolete in no time.
  4. Digital companies routinely rely on third-party software, algorithms, development tools, cloud services, security and data integrity systems, client monitoring, customer databases, and cross-selling platforms for their day-to-day operations.
  5. Digital companies continuously scout for acquisition targets to obtain readymade R&D and talent teams.

Thanks alot to the authors – Vijay Govindarajan, Shivaram Rajgopal, Anup Srivastava, Luminita Enache – for conducting this investigation and sharing the insights.

 

 

Bill Gates on geeks

If your culture doesn’t like geeks, you are in real trouble. @Bill Gates said that in 2010. (Not) surprisingly, most of the companies still have not understood it. Look at the world’s most valuable companies – they know that for sure and made a strategy around that only. 

Here is the article where Bill Gates made that statement – Bill Gates: ‘If you don’t like geeks, you’re in trouble.’