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More Than a Minute – How to Be an Effective Leader & Manager in Today’s Changing World – Overview
The One Minute Manager is the best-selling management book of all time, written more than 25 years ago. Pause for a moment and consider how the world has changed over the past 25 years. It’s kind of mind-boggling when you consider the depth and complexity of our daily transformations. The world has changed and the world of work has changed with it.
We can look at six categories that tell the story well
You can instantly connect with almost anyone, anytime, anywhere via your mobile phone, Skype, the Internet, PDA, or even via your Twitter or blog. Blogs and websites, like Facebook, which now has over 100 million users, keep you in touch with friends, family and customers. On most days in 2008, 230,000% of 2B’s new users signed up for MySpace. If it were a country, it would be the 11th largest country in the world. The number of text messages sent every day exceeds the total population of the planet. YouTube isn’t just for the crazy antics of teenagers, it’s also a business tool with thousands of product and instructional videos. In virtual worlds like SecondLife.com, where you can be whoever you want, where IBM holds internal meetings, and where Harvard now offers courses for credit.
Now you can get answers to almost any question with just a click or two. Your morning paper is now an RSS feed delivered directly to your PDA, so you can always get the news you want, and even get alerts for information that’s important to you (like sports scores!). In January 2008, Google performed more than 2.7 billion searches.
Wikipedia has become the world’s largest reference site, attracting nearly 700 million users in 2008. It is written collaboratively by volunteers from around the world. Today, more than 75,000 active contributors have written more than 10,000,000 articles in more than 250 languages. As of October 1, there were 2,581,268 articles in English.
Blogging has become a way of life for millions of people. As of December 2007, blog search engine Technorati tracked more than 112 million blogs. More people blog today (31 million) than there were Internet connections 10 years ago.
Now with more than 24 million members, LinkedIn connects you to almost anyone you want and helps you discover who’s doing what work.
speed and size
Faster and smaller is also a new way of life today. Just when we thought it couldn’t get any faster, it does. The Instant felt too long at times, and phone designers and makers are now faced with the dilemma that they’ve gotten too small. (How many of you have a hard time pressing the correct button on your phone?).
It took 410 years from movable type printing to the invention of copiers. It took only 20 people to design a modern computer from the first mainframe.
Distance as a boundary has been eliminated. Teams can work 24/7 around the world. You’re in Paris…you decide to use your credit card. Getting approved for credit involved traveling 46,000 miles by phone and computer…and doing it all in under two seconds. If the system glitches even slightly, a ten second delay can feel like forever!
ENIAC, often considered the first modern computer, was built in 1944. It takes up more space than an 18-wheel tractor trailer, weighs more than 17 midsize cars, and consumes 140,000 watts of electricity. Computers are more affordable and portable than ever before. Computer power supplies are 8,000 times cheaper today than they were 30 years ago. If we had made similar advances in automotive technology, you could buy a luxury car for about $2 today. It will travel at the speed of sound and have a range of about 600 miles on thimble gasoline.
Today, the average consumer wears more computing power on their wrist than the entire world did before 1961. look around. Is there anything that hasn’t been significantly impacted by technological advances?
competition and customers
Another major difference in today’s world is the removal of barriers to entry for most businesses and products. The ability to instantly share information around the world combined with easy access to it means starting a business is easier than ever. Garage startups presenting their clients online is no different than large brick-and-mortar structures.
Co-opetition is more prevalent today as businesses, industries, and products overlap. Suppliers are customers as well as competitors. We must constantly review and re-examine the way we think about who and how we serve.
Today, the average shopper can purchase over a million products. From the early 1970s to the late 1990s, the number of available models increased from 140 to 260. Frito-Lay chip varieties increased from 10 to 78. The number of over-the-counter pain relievers increased from 17 to 141. In January 2007, 106,875,138 websites were reported with domain names and content, compared to only 18,000 websites in August 1995.
Customers aren’t just looking for products online, they’re turning to the Internet for every aspect of their lives. One in seven couples who married in 2007 met online.
At last, Generations and Diversity
For the first time in history, four generations are working in America. The differences in values, wants, needs and desires are enormous, providing us with almost endless perspectives on every aspect of our business, products and services.
Diversity, including race, age, ethnicity, political and religious affiliation, and gender, is pervasive in most communities and businesses, especially in the United States.
So what is the key to being a good manager or leader in today’s world? You must have a more complete set of abilities, skills and traits. EQ (Emotional Intelligence) and IQ are key – it’s not an either/or proposition. Today, it’s clearly an equation of one and/or both.
To keep pace, today’s leaders and managers must Do Good at the following areas:
- Back to basics when everything around you makes you complicated
- Make strategic planning a way of life in your organization
- Set clear expectations for what excellence looks like
- Constantly communicate your strategy and excellence
- Build a high-performance culture that supports your strategy and puts it into practice
- provide continuous feedback
- keep learning and unlearning
Certain important aspects and behaviors of leaders and managers 25 years ago are still relevant today and may still be relevant 100 years from now. These include acting with integrity, leading by example, developing talent and ensuring customer satisfaction/loyalty.
However, there is a big difference between old-style directing and new-style leading heuristics. Managers and leaders today face a whole new set of expectations in the way they motivate those who work with them or follow them, setting the tone for most other aspects of the work they do. People today not only don’t want to be managed, in most cases they won’t be managed at all. Today’s workforce wants to be led. They want to be involved and engaged in all aspects of their work. Building two-way relationships is critical, especially given that many knowledge workers today know more about what they’re doing than their bosses.
Another major shift in today’s managers and leaders is the need to think globally. The impact of globalization has affected every aspect of business. Appreciating and leveraging diversity is another shift associated with our world becoming smaller; businesses expanding broadly across oceans, cultures and religions. Beyond these areas of action and focus, today’s leaders and managers must be more innovative and proactive, anticipating problems and opportunities as well as entirely new markets and products.
How are you keeping up with your manager or leader today?
focus on continuous learning with forget. Few jobs remain the same over time, and the needs of leaders and managers are constantly changing. Really great people are constantly learning and developing themselves, and they have the following common characteristics. them:
- Like to master things. They have the drive and drive to keep getting better, and they know full well that they won’t and shouldn’t be perfect.
- Observational and flexible. They can consider multiple perspectives to develop general guidelines that help them make sense of what’s around them.
- Focus on solving the problem. They think about current problems in terms of making things better instead of blaming or worrying. Their thinking is characterized by a balance between the ability to imagine what might or might be and an efficient, everyday way of getting the right thing done. They can distill complexity.
- Be self-aware. They are constantly striving to become more aware of their intentions and their impact on others. They admit mistakes and learn from them.
- Be specific, direct, and honest with others. They are open about whatever agenda they have and use good listening skills to actually hear what the other person has to say rather than simply planning their next response.
- Wide interest. They are genuinely curious about other people. They are able to compare easily while seeing and appreciating the complexity of the world.
- Think strategically. They are able to see, understand and appreciate the current state as well as see possibilities. When dealing with today’s issues, they take a broad, long-term perspective rather than taking a narrow view or focusing on short-term impacts. They are able to collect information and make decisions in a timely manner.
- Be action oriented. They get things done and make timely decisions.
More Than a Minute provides a guide — and I keep pointing out throughout the book that there is no one right way to do all the things we say are critical to success. Almost every method has advantages and disadvantages. Make sure you choose wisely and know the trade-offs.
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