Dear ScaleUps,
Hope it’s been a productive and purposeful week. Here are some insights/opportunities to help you outlearn/outthink the competition.
…your culture is how your company makes decisions when you’re not there… | |
Ben Horowitz, author What You Do Is Who You Are |
Latest ScaleUp News --
A
small tech company tried it all to stop employee turnover. Only one thing worked
(you’ll be surprised by the answer); Lazard focuses on European Scaleups; Three
Point Guide for India to Survive Slow Growth – this news and more at
ScaleUps.com,
your one-stop weekly update.
Time for Strategic Planning and
the OPSP – Dec 9 Online Workshop
Check out the upcoming
One-Page Strategic Plan Online Workshop.
The One-Page Strategic Plan (OPSP) is a proven tool to help you get your team on
the same page and enables quick, daily decision making at all levels of your
organization. My clients often find the OPSP the most rapidly transformative
tool, but it’s not easy to fill out. That’s why next Monday, Dec 9th, the Growth
Institute and four of our Scaling Up Coaches are hosting an online workshop to
guide you through the process of filling out your OPSP, step-by-step.
Register today.
Google Founders Step Aside --
This
NY Times article does
the best job of any I read this week on detailing the departures of Google
founders Larry Page and Sergey Brin. Notes NY Times:
|
And this note in the article is a nice summary of the reach and scope achieved by Page and Brin:
|
Please take 3 minutes to read this informative NY Times article – it’s an historic week in biz.
Does Culture Fit Hurt Diversity
– and Other Myths --
The
most important article I’ve read in a while is this
HBR article
that addresses four myths around hiring people for culture fit. It was a huge
topic at the Bloomberg Breakaway CEO summit in London – and a key topic in Ben
Horowitz’s new book (see below). My take, after reading and hearing a bunch of
experts on the topic – you want to narrow the “culture fit” down to just a
handful of very specific values (and you need to make sure they are the right
ones that truly represent your unique organization). The rest of what makes for
a culture needs to remain fluid and change as strategy, markets, and times
change. Please take 2 minutes to read the article.
What You Do Is Who You Are --
The
must-read book of 2019, Ben Horowitz has written another classic
What You Do Is Who You Are: How to Create Your Business Culture.
I took away three key ideas among many:
- It is what people do, not what they say, that determines culture
- Culture doesn’t eat strategy – in fact, strategy shapes the culture – and when strategy changes the culture changes
- Interesting idea – strong cultures include a “shocking rule”
Ben also prefers the term virtues over values. And because the book is rooted in history, it revealed some interesting historical facts I was unaware of which made the book fun to read. It’s a book worth reading over the holidays (FYI, as an Amazon Associate, I earn from qualifying purchases if you get the book).
Create Shocking Rules --
One
of the really new ideas around culture is Ben’s discovery that successful
cultures tend to include a “shocking rule” (Section in Chapter 2) that fits four
rules:
- It must be memorable
- It must raise the question “Why?”
- Its cultural impact must be straightforward
- People must encounter the rule almost daily
It has me and my council thinking about that rule for Scaling Up. Examples Ben shares:
|
And after Facebook scaled considerably, Zuckerberg changed to “move fast with stable infrastructure.” It’s an example of how strategy, though it doesn’t change values, does often require a change in culture i.e. “how we do things.”
Join Me Feb 10 Sydney ScaleUp
Summit --
More
info next week and at this
link
CEO-BOOTCAMP: spend 3.5 days with Verne, serial entrepreneur John Ratliff, and 6 other CEOs in a beautiful retreat setting, addressing the constraints holding back you, your business, and your industry. Jan 14 - 17; Mar 10 - 13; Jul 21 - 24; Aug 18 - 21, 2020.
ORDER a BOX of 20 SCALING UP
BOOKS --
Want
to save 50% over the price on Amazon?
Go to this link.
EXITING: Looking to sell the business in the next 18 to 36 months? Want to avoid the traps many sellers fall into with today's buyers? You can download the white paper Seven Traps Sophisticated Buyers Deploy Against Unwary Sellers from align5 advisors here
Write Your Own Book
--
Whether you want to make it to the
bestseller lists or just sell a lot more of your goods or services, with a
profound competitive edge over the competition,
Book The Business: How to Make BIG Money With Your Book Without Selling a Single
Copy is for you!
Request your free copy of this ground-breaking book at
advantagefamily.com/scalingup.
COACHING:
Have you ever wondered if working with a coach might accelerate your company's growth, exponentially? Do you have what it takes to move the dial from good to great? The Scaling Up team is prepared to support you. We have helped 40,000 other organizations over the past 30+ years, in scaling up their organizations through coaching, workshops, online training and more.
We would like to offer you a complimentary, personal follow-up from our Scaling Up team to share how we can support you in scaling your organization.
YES! I WOULD LIKE TO LEARN MORE ABOUT COACHING & RECEIVE A COMPLIMENTARY FOLLOW-UP (CLICK HERE)
For questions or more information contact us at [email protected]
TECHNOLOGY:
Execute
Scaling Up Faster and Drive Accountability
--
Drive Execution with
Scaling Up
Scoreboard,
the official software tool for implementing Scaling Up – available online and in
a mobile app. The technology behind Scaling Up Scoreboard is proven to help you
achieve 3.5x more goals. Learn more at
https://scalingup.com/software/
- on your computer, tablet or phone.
Better Book Club -- What's your team reading? Increase your books read per team member. Easy, Proven, and in the Cloud at http://www.BetterBookClub.com.