|
The great bus ride of 2003
by
Dave Anderson
In
Jim Collins' book, Good To Great, he relates how Dave Maxwell was
hired to turn around Fannie Mae in 1981. At the time, the mortgage
giant was losing $1 million per day and had nearly $60 billion in mortgage loans underwater. Naturally, the board was anxious
and when they met with Maxwell, asked him about his vision and
strategy for the company.
Maxwell replied that asking where the
company was going and how it would get there was the wrong first
question; that before he made the journey his first order of business
was to get the wrong people off the bus, the right people on the bus
and the make sure the right people were sitting in the right seats.
Then, he replied, they could focus all their energy on taking the
‘bus’ somewhere great.
Managers
spend exhaustive amounts of time devising elaborate goals and
strategies without enough regard for whom will be making the trip.
Quite frankly, goals are absolutely irrelevant until you have the
right people on your bus and get the wrong people off. After all, a
great dream with
the wrong team is a nightmare; a great dream with mediocre people
still equals mediocre results.
Consider the following to get your bus
on track for the year ahead.
Get the wrong people off the bus
Who’s riding on your bus that
should have been dropped off long ago? It helps to remember that the
old cliché about people being your best asset doesn’t tell the
whole story. People are not your greatest asset. The right people are
your greatest asset. The wrong people are your greatest catastrophe.
Mediocre people are your greatest drain on resources.
Ditch
sentimentalism and tradition and ask yourself when you look at your
team if what you see is what you really want or if it is what was
easier, safer and less scary than what you really want.
Have you
settled too early, too cheaply? Some people will have to leave your
bus in order for it to go forward; you know who they are. Don’t let
yourself off the hook by rationalizing you’re hanging on to them out
of compassion or because you want to give them one more chance. The
reason we normally keep the wrong people on the bus has much more to
do with personal convenience than it does compassion. It’s simply
more convenient to put up with the ‘devil we know’ than it is to
go to the trouble of recruiting, interviewing, hiring and training
someone new—the ‘devil we don’t know.’
As for giving them another chance, who are you kidding?
Most of the deadwood in businesses is so consistently bad that if
mediocrity were a crime, they’d be on death row. If someone isn’t
going to make it on the bus in the long term, why have them suffer
with you in the short term?
As you consider who must depart the bus,
remembering the danger of deadwood should make it easier to initiate
the exodus. Ridding
your business of weak links is like trimming trees. If you don’t cut
the deadwood, eventually the whole tree falls. But if you remove the
deadwood, the tree becomes healthier, the healthy branches produce
more and there’s more room for productive new branches on the tree.
Get the right people on the
bus
One key word for building the
right team: proactively. You’ll never build a pipeline of talent if
the only time you recruit, interview or hire is when you need someone.
Great businesses never consider themselves fully staffed, hire year
round and create an environment where people enjoy their work.
Other
key strategies to attract and retain top people for your journey
include the following.
A.
Train your
managers to be better leaders. Sitting in an office trying to turn the
numbers around is a flawed strategy. Taking the initiative to get in
the trenches and turn the people around so they can turn the numbers
around is what brings results.
B.
Liberate your good people from inane rules; increase their latitude to
meet customer needs and don’t burden them with micromanagement. Once
you have the right people on the bus you won’t have to spend so much
time trying to motivate them because these people are self-motivated.
Instead, you should determine how not to de-motivate them.
C.
Create an environment that is hostile to mediocrity by realizing that
monthly incentive programs should not be designed to get the wrong
people to do the right things; they should be designed to attract,
reward and retain the right people.
D.
Interview rigorously as nothing turns off a top candidate like the
all-smiles, slap-on-the-back, can-you-start-tomorrow
interview. While interviewing, if in doubt, keep looking.
E.
Invest irrational amounts of time and money developing the right
people.
If
you have good people but are not rigorously investing in them you
don’t deserve them; in fact, you deserve to lose them and you
probably will because when good people outgrow your organization they
will leave it. They won’t hang around and let their potential rot on
the vine while you try and get your act together.
F.
Focus on quality over quantity. You’re better off to hire five good
performers, work them like 10 and pay them like eight than to have
ten non-performers stumbling over one another, doing barely enough to
keep from being fired, as they abuse your time, energy and resources.
Make sure the people are sitting in the right
bus seats
Put
your people in positions where they can do what they are wired to do.
Don’t dilute their talent by insisting they be a jack-of-all-trades.
Job excellence is only possible when they work in an area of strength.
Persisting
in non-talented areas is frustrating and resigns them to a game of
perpetual catch-up and damage control. If someone has a good attitude,
good work ethic and strong character, but is failing in his or her
position, quit trying to fix the person and fix the casting error by
putting them in a place where they can use their talents. If there is
none, then they must part the bus.
Only
after these three steps are addressed will you be prepared to take
your bus to somewhere great in 2003. Until you do, your ride will be
more like a roller coaster -- or worse -- a demolition derby. A great
vision for next year without these three factors addressed is
hallucination.
Dave
Anderson is the author of the book No-Nonsense Leadership. He is a peak performance author, trainer, speaker and an expert
on leadership and sales. For
more information call 650-941-1493 or go to: www.LearnToLead.com.
Back
to top
Back to Online exclusives |