emotional

Chip Conley: The Most Neglected Fact in Business

by Chip Conley on March 28, 2011

Huffington Post…

Henry Ford complained, “Why is it when I need a pair of hands, I have to get the whole man as well?” Sorry, Henry, that’s how it works. When my father was in the midst of strenuous management-labor negotiations he would say to me as a kid, “I love business, but the people side of business can be really frustrating.” As much as I love my dad, I see the fallacy in his thinking now that I’m no longer a young whipper-snapper. There is no people “side” of business. The most neglected fact in business is that we’re all human and virtually everything we do in the context of business can be distilled down to the emotions and whims of people just like you and me. Douglas McGregor, who wrote The Human Side of Enterprise 50 years ago, suggested, “Behind every managerial decision or action are assumptions about human nature and human behavior.” McGregor was the management guru who popularized Theory Y management, or the idea that people long for a workplace that allows them to actualize their greatest potential. Humans are trustworthy, motivated, and collaborative. Unfortunately, most of us come from the Frederick Taylor scientific management school of thinking. Taylor famously suggested 100 years ago that, “In the past, man has been first; in the future, the system must be first. The first object of any good system must be that of developing first class men.” I’m sure Henry Ford was a big Frederick Taylor fan. Theory X management is based upon the premise that men, by nature, are moldable and need to be trained because, left to their own devices, men are lazy losers. Have you ever worked at a company that had this kind of underlying assumptions about its people? What was the effect on the work climate over time? The intersection of psychology and business is typically seen as being as congested, stressful, and emotionally barren as a peak commute traffic day on the LA freeways. But, thankfully, we live in an era in which neuroscientists are teaching us about the malleability of our brain and the emotionally contagious nature of our workplaces. We are not robots and, yet, when we’re treated as such, we can lose our passion for our work and our compassion for our fellow employees and customers. Yet companies that create a healthy “psycho-hygiene” are able to tap into the full potential of their people. These companies evaluate their leaders not purely on financial results but on scales for both results and relationships, they create cultures of recognition knowing that positivity has a ripple effect just like negativity does, and they create a sense of purpose and meaning that helps employees feel that they’re motivated by an internal calling or inspiration as opposed to being a trained seal who only performs when financial incentives or awards are offered. In sum, we’re finally starting to realize that organizations are purely the sum total of the relationships that make up that organization. The companies we admire are like the people we admire: resilient, authentic, personable, collaborative, ambitious, and humble. Daniel Goleman has proven that two-thirds of the success in business is based upon our Emotional Intelligence as opposed to our IQ or our level of experience. As we look for the next crop of future CEOs, maybe it’s time for America’s corporations to start interviewing grads from the psychology master’s programs rather than the MBA programs.

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Chip Conley: The Most Neglected Fact in Business

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Huffington Post…

Sometimes you learn more from your failures than your successes. One of the most painful times occurred in early 2000. My goal was to build the ultimate state-of-the-art baseball stadium in the entertainment capital of the world, Las Vegas. At the time, Mandalay baseball owned five professional minor league franchises across the country, including single-A, double-A, and triple-A teams. If we accomplished this goal, it would have elevated Mandalay’s sports entertainment business onto the national stage. Our success hinged on my ability to persuade Las Vegas’ chief politician, Mayor Oscar Goodman, to lead the campaign for a municipal bond to fund this multimillion dollar civic project. And what did I do? I spouted facts, figures and information! I failed to tell the mayor a story, aspirational or inspirational. Instead, I went informational and I failed in my goal to get them to build our stadium. And that’s when the light bulb turned on: a-ha! You forgot to tell a story, stupid! The epiphany that here I was, a teller of stories, failing to tell a heartfelt story to propel my company’s most important goal hit me like a ton of bricks. Miss the audience’s heart as a filmmaker, and the only wallet that gets hit is your own. That’s because the heart is always the first target in story telling. But my Vegas strikeout suggested that this rule went beyond show business. What if reaching the audience’s heart was critical to winning in every business I asked myself? Indeed aiming at the heart is critical in every business. Regardless of your industry or profession, you must consider yourself in the emotional transportation business and transport your listener to your goal through the purposeful story you tell. What do I mean by “emotional transportation”? I’m talking about the complex system of action and reaction that operates within stories to move listeners. Stories that “work” transport audiences emotionally. They move us to laugh, cry, gasp, sigh, or yell in sympathetic rage, and every listener intuitively demands this emotional propulsion. It’s important to remember that this is true even in a business context. Business people are human beings who grew up listening to stories, just like everybody else. So in business as in show business, if you fail to transport your listener emotionally, you will lose your audience. Lose your audience, and your story can’t possibly deliver your intended call to action. Telling purposeful stories that aim at the heart is the single biggest game-changer any business person can do and immediately — not next week or next year, but tomorrow — to change their success. That’s because magic happens when you narrate otherwise soulless information like facts, figures and features in decks and PowerPoints into emotional nodes that render an experience to an audience — and a single listener is an audience — making the critical information inside the story memorable, resonant and actionable — inciting them to embrace your call to action. And, that’s the result of the emotional transportation. It transports an army who hears your story to carry your story forward as theirs becoming apostles and advocates of your brand, service, mission or cause. Don’t take the stupid pill I took. The next time you need to convince, persuade or motivate someone or a group of someones to heed your call to action, tell a purposeful story and embed the critical information into it. As they say in the American express ads, “don’t leave home without it.”

See the rest here:
Peter Guber: It’s the Story, Stupid

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Inder Sidhu: Brains, Emotions and Attitudes: What A Few Telling Qs Reveal About You

October 18, 2010

On TV, he’s Dwight Schrute, the over-achieving, over-bearing salesman from NBC’s Thursday-night hit, T he Office . In real life, there’s someone just like him on a million payrolls–a man or woman who is competent but insufferable. At one time or another, most of us have worked with a person who fits this description. I sure have. And what a drag it was every time. You know the type: skilled but grating. Often, they are loathe to compromise and reluctant to collaborate. These workers secure jobs because of their unique capabilities, but rarely advance due to their objectionable personalities. I try to avoid these types of people and instead by surround myself with individuals who are highly evolved in three critical areas: intelligence, emotions and attitude. Call them the three quotients of workplace fitness. I’ll start with intelligence. More than a measure of mere brainpower, your IQ is also an indicator of your competence. It reveals how much you can do and how well you can do it. Highly competent people are ready for what the world has to offer. They prepare for assignments meticulously. They manage duties thoroughly. And they never stop acquiring new skills or insights that they can apply to new tasks. In my experience, high-IQ people are better able to anticipate difficult challenges and identify important opportunities. They can synthesize more data, and make better sense of contradictory developments. As a result, they make everyone they work with more competitive. But not always more productive. Unfortunately, some high IQ people try to get by on their wits alone. They believe they are smarter than others and aren’t afraid to show it. This makes them seem arrogant if not antagonistic. People who demonstrate such qualities can have a detrimental effect on workforce cohesion. They may lower morale, which reduces productivity. If you’ve ever spent part of your day counseling the office know-it-all to get along with others, then you understand exactly what I mean. This is why I look for more than mere intelligence in a job or promotional candidate. In addition to IQ, I try to assess Emotional Quotient (EQ) as well. Just as an IQ provides a snapshot of an individual’s competence, an EQ provides a glimpse into their emotional maturity–their ability to connect with others, in particular. This is incredibly important in today’s workplace, where different personalities, backgrounds and generations come together. Due to this diversity, we all need to think about being both a superstar and a team player . That’s true now more than ever, given how globalized, specialized and decentralized business has become over the past 15 years. Because of this, work today is collaborative in nature. Rarely is something ever designed, developed and delivered to the market by a single person. Instead, products and services are produced and sold by teams of individuals who leverage an array of inputs from more people than ever before. People with high EQs tend to shine in these environments thanks to their self-awareness. They feed off the enthusiasm of their colleagues, and sense when they may have over-stepped their bounds. High-EQ individuals tend to increase workplace morale, and productivity along with it. They don’t seek recognition, nor do they covet authority. Instead, they avoid office politics and distractions, and instead focus on the task at hand. And some look good doing it, too. No, I don’t mean how they are dressed per se, but instead the attitude they display when working on an assignment. This is my third quotient of workplace fitness–a person’s “GQ.” People with high GQs understand that appearances matter, but not in the way Madison Avenue or the fashion world would have you believe. Instead of trying to look better than others, people with high GQs try to appear more respectful. It’s a significant difference that goes beyond one’s choice of garment, grooming or accessories. A person with a high GQ dresses to put others at ease. He or she doesn’t wear their ego on their sleeve, but instead tries to put forth the most polite appearance they can. To them, life is all about the positive attitude they can project, not the superior look they can afford. Whether you’re looking to hire someone for an opening or trying to fill one yourself, remember the three Qs of workplace fitness: IQ, EQ, and GQ. In good times and in bad, they will never lead you astray. Inder Sidhu is the Senior Vice President of Strategy & Planning for Worldwide Operations at Cisco , and the author of Doing Both: How Cisco Captures Today’s Profits and Drives Tomorrow’s Growth . Follow Inder on Twitter at @indersidhu .

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A Rising Tide or Just a Ripple? — Manhattan Real Estate: New York …

November 4, 2009

That said, try to determine the maximum price you’d be willing to pay on the property BEFORE fully engaging (though clearly after having done your due diligence ). This will not only help you avoid getting sucked into the emotional trap …

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Brian Whetten: The Core Problem in Business – It’s Not What You Think

July 28, 2009

GM’s bankruptcy . Goldman’s bonuses . AIG’s collapse . It’s easy to look at what’s going on and say “How Stupid!” And this is true — but perhaps not in the way you think

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