Showing posts with label Management. Show all posts
Showing posts with label Management. Show all posts

Sunday, June 2, 2013

Will a basic degree direct the path for a good career ?

Extracted from Straits Times May2013

Will having a basic university degree lead you to the route of a good career?


Our PM Mr Lee Hsien Loong, National Development Minister Khaw Boon Wan, Acting Minister for Social and Family Development Chan Chun Sing and Education Minister Heng Swee Keat - recently spoke on similar themes of how academic qualifications are not a sure ticket to success.

Indeed, Asia "is a bit hung up on that piece of paper", Singapore Management University (SMU) president Arnoud De Meyer tells Insight. A degree helps get a better salary, but it is the experience of learning that is more important in today's age, says Professor De Meyer, who has held top posts at Insead and Cambridge University's Judge Business School.

He also discusses last year's announcement of a 3,000-strong increase in student numbers by 2020, noting that not everybody needs to go to university and there are good jobs that do not require a degree.

· What is your take on the recent debate?Having a good degree helps you to find a better job and a higher salary. It also offers you broader options. If you go for a diploma, usually you're quite specialised.

But there are successful people with no degree, such as (late Apple chief executive officer) Steve Jobs and (Facebook CEO) Mark Zuckerberg.

Even when the PM announced last year that 40 per cent of each cohort will go to university by 2020 (up from 27 per cent now), that still means that 60 per cent will not go to university.

If you look at other advanced countries like the Scandinavian countries or Britain, 40 per cent is in the upper limit.

University degrees offer three things as opposed to a diploma.

First, you get your specialisation, your skills you build up.

Second, it is broad base learning. Students have a lot of flexibility. Most universities now provide the students option to take second major, second degree or electives,etc..

The third,  is "learning to learn". What you learn today may be obsolete five years from now. You need to constantly learn new things. That is also what university education provides - a system of learning.

Some other articles typically note that learning how to learn is a process in which we all engage throughout our lives, although often we do not realise that we are, in fact, learning how to learn. Most of the time we concentrate on what we are learning rather than how we are learning it. The process of learning much more explicit by getting you to apply the various ideas and activities to your own current or recent study as a way of increasing your awareness of your own learning. Most learning has to be an active process - and this is particularly true of learning how to learn. 
The ministers emphasised the value of work experience and entrepreneurship. Can't these be obtained both in and out of university?   Mr Khaw said that it is not about the piece of paper you can hang on your wall but about real experience and the components of your education which is more critical.

It is about being able to immediately start working when you get a job. That is why we believe in internships and nowadays it is compulsory for every student to do an internship as well as international exposure and holistic education - these prepare people better for a job in the real world.

That's what universities need to do more in the future - mix conceptual and theoretical learning with practical exposure.

Asia as a whole is a bit hung up on that piece of paper. It's the experience of learning that is more important. A university is both about skills and things like interactions and discussions with each other, the creativity of working day and night on projects, going out, making new friends.

It is also true that we need to become more entrepreneurial, not necessarily setting up a business but in the way we act within the company. Singapore Institute for Innovation and Entrepreneurship has 55 companies created by our students. They are all small and some of them will fail but you will see that some students have that entrepreneurial attitude.

We have to be realistic. It's not necessary that everybody goes. There are really interesting and good jobs that don't require a university degree and they may be a better fit for people with more practical or artistic aptitudes. We all have different capabilities and should recognise that not everybody will have to go to university.

The second point is, we know from the European experience that if you have too many students going to university, you get graduate unemployment. So underlying the messages from the ministers is, be careful, a degree is no guarantee for a job.

Third, be careful in choosing a line of study. Choose a broad area where there will be demand.

Polytechnic graduates are concerned that in sectors where they compete with university graduates for jobs, starting pay and job progression will differ.

At polytechnics, you get very good people with much more practical skills who can hit the ground running. They start working at 19 for women or 21 for the men, and you could argue that they have four more years of earning money than a university graduate.

University graduates also have to pay their tuition fees. Somehow the market recognises the difference in investments that students have made.

· How has the value of a university degree changed in Singapore? Recruiters ask for more than skills from your studies. They are looking for communication skills and global exposure. They expect us to groom students to be more job- ready.

· How can universities ensure both that their education remains accessible while graduates are employable? By making sure our students are employable.

We have to be realistic. Just because I got a degree in economics today doesn't mean it will be valid 10 years later. That's why our young students nowadays have to think about a broad set of capabilities and skills and to keep improving.

I agree with those who believe it to be essential that for example uni lecturers have expertise in their subjects. But such expertise is not limited to certification: if it were, Tony Blair could hardly have taken up a position lecturing in Politics at Harvard when his BA is limited to Jurisprudence. And who would bother listening to Margaret Thatcher droning on about statecraft when her BSc is in Chemistry? And yet many will sit at their feet, because they have qualification way beyond a framed degree.

Thus lecturers should be an expert, but expertise comes in a number of guises. When lecturing ceases to inspire, the learning ceases to engage. When the learning ceases to engage, little or nothing is learned. What unis' and polys' desperately need are outstanding professionals with a sense of vocation: ten of those liberated to draw out students' faculties and intelligences will eclipse a hundred who have been certified and licensed by the institute to impart a centralised curriculum in accordance with government guidelines for the sake of targets and league tables.

Sunday, April 14, 2013

The most important asset - Yourself

From the Business Times February, 2013

Your most important asset is - yourself
Unlike stocks and bonds, you have full control over your human capital

WHAT is probably your most important asset? Stocks? Bonds? Real estate? Collectibles? None of the above. It is human capital. Although most of the focus in wealth planning is on financial assets, human capital is the one thing you can bring to the table that can have the most impact on your future. Yet few advisers stop to measure it fully and discuss its impact on your prosperity.

You have a surprising degree of control over your human capital, unlike the financial markets. You can switch jobs, obtain graduate degrees or simply work more as an independent contractor or partner in a professional firm. In contrast, you have no control over what stocks, bonds, commodities, real estate and other assets return every year.

So consider human capital a measurable return on investment - in yourself.
The stodgy economist's definition of human capital is the net present value of lifetime earnings. This is what you will earn based on the skills, experience and talent you contribute to the labour market. For some, this is a fixed quantity, but in a dynamic world where people are increasingly shifting careers, working longer or pursuing "encore" careers, human capital is a moving target.

Yet estimating human capital is a bit like trying to guess your life expectancy. Life throws us a lot of curves and income gauges look easy to calculate as they emerge from a software programme. Nevertheless, you need to do some projections of lifetime earnings, and potential changes in your income stream, to make a realistic, flexible and holistic financial plan.

Zvi Bodie, a professor of finance at Boston University and co-author of Risk Less and Prosper (Wiley, 2012), says it is essential to know your human capital factor because it ties into how much risk you can take in your financial portfolio. Prof Bodie has been a pioneer in applying economic life-cycle theory to human capital decisions.

Some, with a fairly secure income over their career - such as college professors - may take more risk in their portfolios, while others whose income is linked to cyclical industries may not. You can characterise your human capital like a stable bond or an insecure stock. This is one of the first steps in linking your human capital to how much risk you may take in your portfolio.
"I see myself, for example, as a convertible bond," Prof Bodie said. "I'm protected by tenure at a solid university and have the potential to do extra things for income. I have a lot more capacity to take risk in my portfolio than I choose to use. I'm risk-averse, don't like to gamble and don't get a kick out of winning. I hate to lose."

Noting that "human capital is not a major asset for only a tiny fraction of the population", Prof
Bodie said that lifetime earnings and portfolio management should be reframed as a way of insuring a standard of living and not a focus on obtaining the highest returns.
Figuring human capital into a prudent financial plan requires an attention to detail that most financial advisers may not be able to handle. Because most advisers are focused on managing money or picking investments, they may not be able to do the right calculations that are flexible enough to accommodate changes in income.
Paula Hogan, a fee-only certified financial planner based in Milwaukee, has been employing human capital and the life-cycle theory that underpins it into her business model for years. Like most planners, she carefully examines cash flow, expenses, income and her client's portfolio.

"A key insight of life-cycle theory," Ms Hogan said, "is that the consideration of human capital comes first and then portfolio management comes after that: financial capital is tailored to the human capital, not vice versa." Ms Hogan also steps into the realm of "life" planning that merges human capital with various goals and changes in a person's journey. This raises a set of questions that go beyond numbers. "What do you care about?" Ms Hogan said she asks clients. "Do you have a vision of where you want to be?"

Career counselling

If they want to change, the questions become more focused on transition. "How can we make a bridge? What about health insurance? Will you need a new family budget? Do you have family reserves (savings)? Is your spouse on board?"
Sometimes the transitions are modest, as for an executive at the top of his profession whom she counselled. He wanted to "not go at full tilt" and spend more time doing other things. Other, more radical moves, such as a career change, will require more support. Ms Hogan works with career coaches and counsellors such as Jane Schroeder of Brookfield, Wisconsin to manage the vocational piece.
As a master career counsellor and board-certified coach with a background in educational psychology, Ms Schroeder applies standard assessment tools such as the Myers-Briggs personality test and talks with clients on future direction. She delves into their core strengths, competencies, emotional intelligence and "brainstorms on possibilities".

"What allows you to engage your human capital at the highest level?" she asks clients. "When were you at your best? What was happening? What was energising?"
By re-engaging clients with the force that drives their ability to create, manage or earn money in a fulfilling way, Ms Schroeder eases the transition that some need to make.

It is one thing to know if you need to make a change, but is that possible, given your financial situation? Will you have enough cash reserves to see you through a transition? Will a spouse or partner support your household while you make some changes or re-educate yourself?
Before you even make the decision to redeploy your human capital, you will need to run some numbers to see if it is possible. Online planning programmes such as ES Planner (esplanner.com) can give you some general ideas on what is possible given changing income and cash flow.

While these questions may be difficult at first, they may help you forge a satisfying new path. But you will need to take your time and do some detailed planning that may involve a paradigm change. Your personal capital reserve and future earnings should drive your ability to make a change and not your portfolio return. That is a big leap for most, but a rewarding one if you are able to navigate it.

Sunday, August 5, 2012

What is good leadership and the "Real Leader" ?

Straits Times, 4 Aug, Laurence Lien
The writer is a Nominated Member of Parliament who is the chief executive of the National Volunteer and Philanthropy Centre. He is also acting CEO of the Community Foundation of Singapore and chairman of the Lien Foundation. Some extracts he wrote below :

We all agree that good leadership is critical for the long-term success of any company, non-profit organisation, corporation  or government. Our political leaders have certainly emphasised this. But what we often diverge on is what constitutes good leadership. Mr Lee Kuan Yew's Hard Truths To Keep Singapore Going, said that talented leaders form a very small percentage of the population and consequently, Singapore with its small base would face a dearth of good leaders.

To him, a leader must have the basic qualities of high IQ, EQ, leadership stamina, integrity, determination and resourcefulness. Seventy to 80 per cent is the result of genetically attained traits. "Twenty to Some may disagree with this. A trait-based theory of leadership is of limited value, because the usefulness of a particular tra30 per cent is nurturing. That's life."

it is situational. The qualities that help a person lead well in one context may be fatal flaws in another. Good leadership may not seem well-correlated with good academic results. That many from good schools take on top management positions does not make them good leaders. They may simply be good managers, fortunate to be given early opportunities. Along the way, their bosses would often become guilty of cognitive biases, such as confirmation bias, availability bias and halo effects, in accelerating their career progression.

Leadership values are of importance. The most important among these include a high sense of purpose, integrity, humility, moral courage and a willingness to listen. Leaders need a high sense of purpose as the job is never done, with new opportunities and threats always emerging. Purpose, more than vision, shapes us in the present. You can be top dog one day, and a disaster the next. Ask photo giant Kodak, which recently filed for bankruptcy.

Humility is critical. A good leader accepts that he cannot be good at everything or have all the answers. Integrity and moral courage are also essential because leadership invariably encounters people's resistance and perceived losses, and these values help you stay the course through the heat of the conflict generated.
The willingness to listen to the diverse positions and concerns of people helps to ascertain what people are resonating to so that these are incorporated into the problem-solving process.
The difference between traits and values is that you are born with the former while the latter is nurtured. I would say leadership is two-thirds nurture and only one-third genetic. This gives us hope that good leaders are not a narrow and predestined group, and that more candidates can be trained and developed to be more effective leaders.

What then is leadership? According to Dr Dean Williams, who teaches leadership at Harvard University, most leadership models are more about gaining and exercising authority than enacting real leadership. They focus primarily on leading in unsophisticated environments and unduly emphasise the role of the leader in "articulating a vision", "showing the way", and generating "loyal followers".

Fundamentally, leadership is a process of mobilising people to confront and deal with problematic realities for the purpose of making progress in improving the human condition. This often requires getting the people to change their values, habits, practices and priorities.

Counterfeit leadership, on the other hand, provides false solutions and allows the group to bypass tough problems and pursue the easy path. Leadership is a complex activity of challenge and engagement. It is a journey, not a destination.
What is the state of leadership in Singapore? Certainly, our national leaders pass muster as people with aspiration, integrity, and drive. They generally look long term, sense opportunities and threats in the environment and engage citizens on these issues.

Mr Lee himself has often displayed his ability at getting Singaporeans to confront challenges, and shift their values and mindsets and accept new policies. A good example was how he got Singaporeans to accept the bilingual policy. The learning journey was well-paced and resulted in a shared understanding of the problem and the policy.

However, the global and domestic environments are changing rapidly. We face complex social issues, which the Government has limited direct control over. Citizens have widening interests and values, and are much more expressive of their opinions and desires. It is hence an illusion that technical fixes, developed by an elite small group, can resolve the messy and interconnected problems we face today.

Yet, because it has served us well in the past, we still embrace the "great man" idea of leadership. The expectation is that a carefully selected cadre of national leaders with supreme intelligence and deep commitment to Singapore would have the most accurate diagnosis of reality and the best answers, even when that is an unrealistic burden to place on any man, no matter how talented.

The danger here is that when a "great man" fails to deliver or cannot feed the people's hungers, he can be swiftly deauthorised by the group. The sudden surge in citizens' anger online in the wake of last year's general election is evidence of this.

There is also a danger of choosing a group of leaders with traits and backgrounds that are too similar. When I was a young bureaucrat attending a course for administrative officers, 10 out of the 12 participants, when tested, had the same personality profile! The limited cognitive and personality diversity of a leadership group may be good for producing loyalty and common thinking, but it can be a serious impediment when dealing with complex challenges.

The Government's belief seems to be that they mainly need to improve their communication and persuasion techniques. But the bigger problem is the increasing dependency on Government to solve all problems, big and small. That dependency is perpetuated both by the Government and by citizens who demand that the Government "fixes" every problem.

Citizens need to be stirred to take greater responsibility for the problem solving and creative work in the community. The Government needs to involve and entrust citizens more proactively in the hard and messy (but creative, solution-making and opportunity-enhancing) work that produces societal progress. Apart from developing a sense of agency, this ensures increased commitment to the implementation of the solutions and policies adopted.

Sometimes, members of the establishment are too quick to judge those who passionately espouse differing views as being against the interests of Singapore. This often disenfranchises the very people who may be their best partners, because they bring a piece of the complexity of the problem to the table and care deeply about the problem. Specifically, non-profits should become valued partners and co-creators in the problem solving process.

In short, any Government will have to encourage the expression of real leadership at all levels of society in order to ensure that the nation can more swiftly adapt and respond to the demanding challenges confronting all in the fast-changing times. 

Buckingham and Coffman state (authors of the best selling book “First, Break All the Rules”, 1999) good leadership skills are demonstrated in a leader who says:   “You come to work with me and I’ll help you be as successful as possible: I’ll help you grow: I’ll help you make sure you’re in the right role; I’ll provide the relationship for you to understand and know yourself. And I want you to be more successful than me.”



If you are to remember anything about great leadership, some good leadership skills :  

1) Communication with your stakeholders vital. Good communication involves listening to what people have to say. Active listening skills, making sure that you really have understood your follower. Ask appropriate questions to help you understand and gather the information you need.

2) Set achievable goals.  Give them a vision something to strive towards. With inexperienced followers you may set the realistic goals for them, with more experienced followers discuss the goals. Make sure the goals you set are specific.

3) Define the expectations. Let people know what is expected of them and check that they understand.

4) Monitor appropriately. Inexperienced followers will require closer monitoring than more experienced followers.

5) Give feedback –based on their results. Feedback can help people specifically with the tasks they are involved with and also make them feel valued. Everyone likes to feel that what they are doing is worthwhile and valued.

6) Diagnose for any particular task they have to perform. Figure out what it is that they need from you as their leader - do they need direction or do they just need some support?

7) Be flexible. Inexperienced followers will need a more directive style than experienced followers. Empower and trust experienced followers – give them some slack. Involve more experienced followers in your decision making if it affects them.

8) Keep your team informed. Give them the “big picture” - engage their hearts as well as their minds

The “Good” leader

There will always be debates about what is good or great leadership in a business context. Creation of shareholder value will always be high among the criteria considered, as indeed it should be. But as societal values embrace broader concerns, as we judge not only what these leaders appear to have achieved but also how they have done it, as we assess leaders not just in terms of their achievements but on their contributions to the societies within which they operate, I suspect that the emphasis will shift toward the goodness of leadership as described in this article as a necessary condition for leadership greatness.

There is an argument to be made that, given a long enough time frame, “Goodness” and “Greatness” as suggested by Jim Collins converge into one and the same thing. That may turn out to be the case but there is too much press given to leaders who have yet to achieve either. Perhaps it is we – the public, who look to our business leaders to drive the prosperity of this and future generations – who need to be more restrained in granting this ultimate accolade and granting someone the title a “good leader.”

Sunday, July 29, 2012

The Next Generation Y and their values

Straits Times July 23, 2012

SINGAPORE'S 'Linksters' view themselves as global citizens, are optimistic about the future and their values are firmly entrenched in the family.
These traits showed up when The Straits Times spoke to 200 students between the ages of 13 and 19 last month. They were asked about their social and economic backgrounds and current influences in face-to-face interviews.
Broadly, they have grown up in small, more affluent households with an average of 3.5 members. By contrast, the Department of Statistics had it that the average teenager in 1970 grew up in a household with 5.4 family members, and in 1990, with 4.2 members.
Twenty years ago, just over half - or 51.5 per cent - of families lived in HDB four-room flats or larger, including private housing. In 2010, this number had jumped to 74.4 per cent. In the Straits Times poll, 167 lived in such flats, or 83.5 per cent, including private housing.

More than a quarter, 26.7 per cent of respondents, lived in households with a maid. Almost everyone had at least one computer at home - about 50 per cent had two or three. About 50 per cent also owned their own cameras and music players, while about 40 per cent had portable game consoles.
Culturally, Linksters feed off viral videos, ubiquitous social media and live Twitter updates. The result: a heightened awareness of world issues, even if they do not act on it. Up to 72.5 per cent agreed they 'felt strongly' on issues such as animal welfare and poverty, but only a third - 32.1 per cent - were doing something about it.
Interview results also suggested an ambivalence towards local politics. When asked if they felt they mattered in the development of public policy, most indicated a 'neutral' response.

Like Gen Y a decade ago, many Linksters grow up in homes with live-in maids; they have fewer siblings and more disposable income.
Linksters come from even smaller households, where families have shifted from a 'parent- centric' to a 'child-centric' dynamic, as sociologist Tan Ern Ser of the National University of Singapore put it.
Their parents dote on them and shield them from hardships such as deprivation, he said.
But though they take these material things for granted, they say they do not seek affluence. They aspire towards loftier ideals and, nurtured by Internet connectedness, identify themselves as global citizens (see table).
These results from The Straits Times' interviews echo the findings of Singapore-based LifeWorkz, a training and management consultancy specialising in work-life and generation issues.
Having observed qualitative focus groups of more than 500 young people in four societies (China, India, Singapore and Hong Kong), it found that teens today regard personal time as a 'premium commodity'. Globally, Linksters are similar, they are less worried about bread-and-butter issues and more likely to 'choose where they want to live, then find work there'.
They set high career goals. 'For example, they will be asking to be posted to London and New York, not the far-flung parts of China. There is a lot of work in emerging countries, but this generation may not want to go there,' said Ms Liew-Chng, referring to youth generally across countries.

Associate Professor Tan calls them 'post-materialist', unconcerned about fulfilling basic needs because they have never had to worry about money. They are also less traditional in their ways.
Linksters use phones as an active medium - for exchanging news and information, and to express themselves. Reaching a wide community through a mobile phone tops their list of priorities.
But when it comes to work, being 'offline' is a prized commodity. For instance, they may not want to take on jobs that require them to carry BlackBerry devices and answer e-mail 24/7. As consumers, this interconnectedness has made them a homogenous demographic. Universally, Linksters are exposed to the same brands and marketing, as geographical location has become irrelevant.  As they come of age, businesses, employers and even governments will want to steel themselves for this demanding generation: They want things fast, flexible and in tune with their beliefs. To meet the challenges of crashing economies and global unemployment, they must be prepared.

They are not reticent, like Gen X-ers or Baby Boomers, about making themselves heard.

With courtesy of COE ( Center for Organizational Effectiveness )

Sunday, July 8, 2012

If some of these myths make sense to you, you might very well be on the road to becoming a poor performance manager yourself.

Myth #1: “We are a meritocracy.”   
You hear this all the time inside high tech firms, and it’s becoming increasingly common elsewhere, too. The idea is that management only awards promotions and salary increases as the result of proven performance. That’s the theory. But it’s total "BSing".

The idea of a “meritocracy” ignores that many other factors influence who gets what inside a corporation. For example, tall men and pretty women have an inside track that’s purely genetic and has nothing whatsoever to do with their actual contributions.

Similarly, many employees enter a company with pre-existing connections, both through colleagues and family members. A son with minimal talent takes over his father’s job. An executive comes in at the top and pulls a bunch of his cronies in with him. Somebody has an affair with the CFO and then becomes the chief auditor. Deals are cut between drinking buddies. Talent has little or nothing to do with it. Beyond that, the corporate world is full of toadies and lickspittles whose sole ability to survive and thrive is based upon an unerring sense of who in the corporate structure needs periodic sphincter osculations.

Even if those factors were absent from the corporate milieu (which they’re decidedly not), the Peter Principle still remains valid. As anyone who looks at any business carefully can tell you, people could be seened been promoted to their level of incompetence, where they remain in the organization for years and the perception is that these people have been contributing to the growth?

The reason that this belief is so toxic? People who are lucky, connected, or oily use the “meritocracy” belief to justify the fact that they’ve gotten ahead. It makes them feel that they “deserve” their success, and therefore owe nothing to anybody else. Back in the day when belonging to an aristocracy meant automatic advantages, they had a concept called noblesse oblige. Aristocrats knew that they didn’t really deserve their privileges, so they felt obligated to treat the hoi polloi with a modicum of kindness and restraint.

Not so the meritocrats. Once they get ahead, they rapidly become insufferable snobs.


Extracts from David Brooks, Straits Times 14July'12:
Most of the 19th and 20th centuries, the Protestant Establishment sat atop the American power structure. A relatively small network of white Protestant men dominated the universities, the world of finance, the local country clubs and even high government service. Over the past half-century, more diverse and meritocratic elites have replaced the Protestant Establishment. People are more likely to rise on the basis of grades, test scores, effort and performance.
Yet, as these meritocratic elites have taken over institutions, trust in them has plummeted. It's not even clear that the brainy elites are doing a better job of running them than the old boys' network. Would we say that Wall Street is working better now than it did 60 years ago? Or government? The system is more just, but the outcomes are mixed. Meritocracy has not fulfilled its promise. The problem is inherent in the nature of meritocracies. Meritocratic elites may rise on the basis of grades, effort and merit, but, to preserve their status, they become corrupt. They create wildly unequal societies, and then they rig things so that few can climb the ladders behind them. Meritocracy leads to oligarchy.

It's a challenging argument but today's meritocratic elites achieve their rank and status not mainly by being corrupt but mainly by being overly ambitious. They spend enormous amounts of money and time on enrichment. They work much longer hours than people down the income scale. Phenomena like the test-prep industry are just the icing on the cake, giving some upper-middle- class applicants a slight edge over other upper-middle-class applicants. The real advantages are much deeper and more honest.
The corruption that has now crept into the world and the other professions is not endemic to meritocracy but to the specific culture of our meritocracy. The problem is that today's meritocratic elites cannot admit to themselves that they are elites. Everybody thinks they are countercultural rebels, insurgents against the true establishment, which is always somewhere else. This attitude prevails in the Ivy League, in the corporate boardrooms and even at television studios where hosts from Harvard, Stanford and Brown rail against the establishment.

Today's elites are more talented and open but lack a self-conscious leadership ethic code. The language of meritocracy (how to succeed in an honest and sincere truthful way ) has eclipsed the language of morality (how to be virtuous, cunning and shrewd ). Some organization and established firms, for example, now hire on the basis of youth and brains, not experience and character. Most of these organization will eventually face with serious problems and the fact can be traced to this shortcoming.

 
Myth #2:  “I must control employees.”

The idea that the role of management is to control employee behavior is common, but that doesn’t make it right.

We’ve been told for so many years that managers are supposed to be fully “take charge” that any other definition of management seems absurd or naive. All too often, well-meaning managers try to control their way out of problems, control the behavior of the people who work with them, control events that are going to happen whether they like it or not.

But thinking of management as control misses the entire point (and real power) of management. Ideally, a manager should be a servant, coach and mentor to the people who work inside the group. The goal of the manager is to make everyone else in the group successful, and thereby make the group success. You can’t “control” that outcome. It’s just not possible in some big organization. 

The reason this belief is ugly that it leads organization to concentrate power at the top. It causes the proliferation of complicated rules and regulations, the growth of bureaucracies, and the need for expensive reporting mechanisms to pass information up and down the management chain. Thus making the process of decision making tedious and cumbersome and sometimes costing big mistakes due to delay in decision taking.

Even so, the need to control can be very seductive. The illusion that we can bend other people’s hearts and minds and get them to do exactly what we want is a comforting one in a world that’s admittedly chaotic. What’s most dangerous about “control” is that it works-at least for a while, but it eventually creates massive resentment.

The controlling person looks around the conference table one day and finds that he or she is surrounded by "enemies" who would stab the controlling manager in the back, if given half a chance. So the manager comes up with some new way to control or manipulate, while the employees continue to maneuver and posture to avoid the heavy hand of management.

Myth #3: “Our company is like a machine.”

Listen to the way executives talk and business authors write about corporations. A successful corporation is often said to be a “well-run” or even a “well-oiled machine”; it also is said to be a “good system,” one that is “efficient” and “well-designed.” When you hear these descriptions or hundreds of others like them, you’re hearing the belief that employees should be cogs in the corporate machine.

But hold your horses! Machines are, by nature, rigid and stable. Machines never grow; they never change on their own. They only break, because machines are, by definition, comparatively brittle. And isn’t a corporation actually a collection of human beings? Organic creatures who adapt and change with relative ease?

The machine analogy creates other absurdities as well. For instance, machines need to be “greased and run.” Therefore, the whole corporate machine mindset encourages top managers to visualize themselves in the control room of a big machine. This is supposed to make them feel that they’re in control, but ironically it can create a sense of helpless.

A CEO of Xerox once confessed:

I feel like the captain of an aircraft carrier. I turn the wheel and try to point the ship in a new direction, but I have no idea whether or not my orders are being followed.

Why is this belief so toxic? It dehumanizes people. If you think that the everybody is just cog, nobody is essential; anybody can be replaced. What’s important is the machine and (by extension) the people who are running the machine.

That, in turn, creates wretched work environment that cannot and will not reward creative thinking or recognize the value of intellectual differences. People who feel they’re just part of a machine aren’t going to go out of their way to help an organization achieve its goals. In the worst case, they might be tempted to exact some kind of revenge on the company that’s treating its employees like subhumans.

When managers treat employees like cogs, work slows to a crawl. People do the minimum, just enough to keep from getting fired. Then some "smart aleck" manager gets the bright idea to “re-engineer” the machine, thus creating even more misery and even more lousy management.



Myth #4: Business is warfare.”
Many traditional business leaders have a militaristic view of the way the business world works. A glance at the titles of popular business books-Marketing Warfare, Leadership Secrets of Attila the Hun, Guerrilla PR-offer ample testimony for this widely held viewpoint. We’re told that we must imitate generals and warlords if we want to be successful managers.
Here’s the problem. If a company’s executives really believe that business is warfare, then that dogma will be reflected in nearly everything that goes on inside the corporation. Strategies that don’t fit the dogma-regardless of their potential for success-will be rejected because they are literally “unthinkable.”

For example, executives who believe that business is a battlefield will almost inevitably assume that victory in business goes to the largest “army” and they’ll build large, complicated departments stuffed full of people and resources. Even when customers would be better served by a smaller, more focused effort, there will be an overwhelming drive to build a massive corporate “army” that’s “strong” and ready to “fight.”

"Military-minded" managers also find it all too easy to become control freaks. Because they see themselves acting as generals, they tell people what to do. They think that good employees should shut up and follow their commander's orders. This behavior destroys initiative as people wait around for top management to make decisions.

And because top management is often the most isolated from the customer, the company loses track of what’s needed in the marketplace. Further, the “business warfare” mentality makes it impossible to put the decision making where it belongs-at the lowest level of the organization.

Military thinking also distances employees from their customers. To the militaristic company, customers are, at best, faceless territory to be “targeted” and “captured” with marketing and sales “campaigns.” This strategy discourages the viewing of customers as living, breathing human beings with opinions, interests, and concerns of their own.


Myth #5: “Employees are like children.”

Lousy managers love complicated rules, procedures, and guidelines that govern nearly every aspect of working life. These rules suggest to employees that they are not trustworthy, lack common sense, and have even less capacity for making important decisions. Employees who “break the rules” or “misbehave” are disciplined… like disobedient children.

It isn’t just manual laborers who are treated this way. White collar employees, too, in many companies are suspected of stealing office supplies, so management locks the supply cabinets, forcing employees to fill out a form to get a pen or printer cartridge.

The absence of trust is implicit. And locking up office supplies forces people to spend valuable work time just accessing the tools they need to do their jobs. This is seen as necessary, however, otherwise employees (children) will be dipping into the corporate cookie jar.
Some Fortune 100 companies whose top management issued company-wide emails complaining about the overuse of paper clips! Try to imagine, in the real world, a conversation between two adults where one suggests that the other should use fewer paper clips. This is pettiness taken to an insane extreme.

This infantilization of the workforce quickly becomes a self-fulfilling prophecy. When you treat people like children, they act like children. Disgruntled from the absence of trust and disgusted with management’s patronizing attitude, employees unintentionally become participants in a corporate culture where it’s tempting to waste money, waste time, or even steal company property.

Soon, not only is management treating employees like children, but the employees are acting like children. Managers and employees become trapped in a dysfunctional relationship that, weirdly, starts to resemble a family — a family that badly needs an intervention and years of therapy to become functional again.

TOXIC BELIEF #6: “Fear is an effective motivator.”

Many managers hold the threat of firing or demotion over employees’ heads. The message is clear: “Work hard or you’re outta here!” and recent changes in the economy have made that threat all the more cogent. In the United States alone, tens of millions of workers have lost their jobs as a result of an economic downturn. This resurgence of insecurity in the workplace has reawakened the fear of joblessness in many workers in all fields.

The problem with fear as motivator is that it makes companies less competitive and less adaptable, because it causes workers to become less, rather than more, productive. People become paralyzed and won’t take any action whatsoever lest they be blamed if it goes awry. Or worse, they act out of panic, making things worse.

Organizations where fear rules are truly miserable places. Managers start demanding detailed plans for everything in a vain attempt to guarantee that nothing goes wrong. Decision making to a crawl while everyone seeks to cover his or her behind. Distrust leads to bureaucracies that insist on checking every last detail. Tasks that, in a reasonable organization, could be handled in a few hours, in such an organization might take days, weeks, or months, or never be completed.
Fear also degrades the quality of communications inside an organization. In an effort to deflect potential blame, employees engage in double-talk and “weasel words.” Whenever you see a memorandum that’s a soup of industry buzzwords and half-truths, carefully crafted to spread blame and communicate next to nothing, you can bet that there’s a terrified executive or two cowering nearby.

The result of double-talk is that people in an organization stop valuing truth, even if they can still recognize it. Information that is difficult for the culture to absorb gets buried and avoided. Over time, managers and employees alike lose track of what’s going on in the market because everybody’s afraid to state the facts.
Rather than increasing the level of fear in the organization, effective managers seek to minimize it. They want employees to feel that they are in charge of their destiny-not waiting for the proverbial axe to drop. They want employees to claim ownership for their decisions, not seek to pass or share blame.

Employees who are afraid don’t make good decisions, they don’t take well-considered risks, and they don’t act rationally. Go into almost any conference room in a traditionally run company and you’ll see them. They glance around the room frequently, waiting and worrying, laughing a little too loudly when the boss cracks a feeble joke, agreeing with whatever idea seems popular or politically correct.

Five Common Mistakes with not able to achieve Your Goals?


At work, you’ve probably seen the same phenomenon. Companies establish all kinds of goals–from lofty missions statements to specific growth targets–then often fail to meet most of them.

Why? And what stands in the way of achieving goals? Here are five common mistakes:

1. You underestimate how hard it is to achieve the goal.

Those flabby abs? They can’t be turned into a sexy six pack in six days. Those diet books that promise full body make overs in 30 days? Not going to happen.

In reality, most meaningful goals take a lot of work to realize. If you don’t recognize from the out start that losing ten pounds, or increasing sales 10%, will take considerable time and effort, you will find it all too easy to give up once you get caught up in the day-to-day. You have to forecast the difficulties so that you are mentally prepared to meet the challenges when they inevitably arise.

2. You didn’t “own” your goal.

“I’m just doing this because my boss wants me to” is a goal that is destined for failure. If you’re just implementing a new sales strategy to please the new vice president, not because you believe in its necessity, you’re going to find it impossible to stay on course when you encounter obstacles–or just the daily interruptions.

We’re living in a perfect storm of distractions–email, cell phones, texting, IM, on demand media. It’s way too tempting to tell yourself, “I’m incredibly busy, I’ll get to this tomorrow.” In one survey, people admitted to wasting nearly two hours a day of an 8-hour work day on socializing or goofing off on the internet. Waiting for a “tomorrow” usually means never.

If you want to meet that 10% target, you need to be self-motivated and be committed to achieving it.

3. Your goal wasn’t clear, or measurable.

“Increasing customer satisfaction” is too general. You need to identify the specific, quantifiable goal (ie: improving customer retention by 5 percent), so that you can measure your progress on a regular basis. The on-going monitoring–seeing that retention inched up, or down–will reinforce your strategy and help you stay on track.

Yes, we know that there are people who argue that dieters should never get on a scale–that you can tell if you’re losing weight by how your clothes fit. But how many people actually lose weight that way? And is it really possible to keep focused on that difficult-to-achieve goal, without periodically checking in to see how you’re progressing?

4. You didn’t realize the rewards would be modest.

If you set a goal to increase sales 10%, and so far you’ve inched up sales 2%, you’re probably not going to see the confetti sprinkling down over your head. The sense of satisfaction may be limited. Progress frequently is incremental, and slower than we hope. The key is to remember that fact, so you keep plugging on.








5. You tried to do it alone.

There is a very good reason why so many diet plans encourage dieters to join to support groups. Most of us need a community of supporters who will cheer us on when the going gets tough–and, most importantly, hold us accountable. Just the sheer act of publicly acknowledging your goal can help make you accountable to achieve it.

It takes courage–and humility–to publicly admit that you need to do better. But once you do, having that band of supporters will help you stay disciplined to reach your goal.

How have you achieved a difficult goal? How did you do it?

Management is not just pure science; it could be termed an art. It involves people in any organization, each of which maybe unique. These management myths aren’t just the most common, they’re also some of the most mythical and therefore easy to debunk. And one thing successful managers have in common is that they don’t drink the Kool-Aid or buy into BS fads. So, if you aspire to be a successful manager, don’t buy these:





Some Management Myths


 It’s ironic that society is okay with bad spouses, bad marriages, bad workers, bad professionals - hell, bad people - but not bad bosses, poor managers are a bad thing.. There’s a bell curve for all things involving people. It’s reality; it can never and will never change. Deal with it.

It’s not what you know but could be who you know. The mantra of the perpetual underachiever, the assumption being that because he can’t get a promotion it means the guy who did must know somebody. The truth is that overachievers work harder and yes, they schmooze harder too. That’s why they know more successful people and are therefore exposed to more opportunities.
It’s the path to big bucks. For the vast majority, that’s simply not the case. There’s at least as good a chance that you’ll hit the jackpot as a professional, individual contributor, or entrepreneur. That’s because the big bucks are in a thin sliver of executive management and few managers ever get there.

You should be prepared for the job. Sure, young managers should get some basic training, but anyone who says he was adequately prepared for his first management role is "BSing". A great deal of management skill simply can’t be taught; it’s best learned on the job, under fire in the hot soup, into the real world.
Abusive, confrontational, or dysfunctional managers are bad managers. Some of the most successful managers of our time fit that description: Larry Ellison, Bill Gates, Andy Grove, and Steve Jobs, to name a few famous ones. Sure, there are plenty of best-selling books that promote the myth, but like it or not, I’ve never observed a correlation.

It’s all about managing people. This is probably the notion I most strongly want to dispel. Sure, managing people is a big component, especially for line managers. And employees certainly want to believe they’re first and foremost in the hearts and minds of their bosses. But if you look at the specific goals - how success is defined for most managers - they’re typically more about managing a function or a business than about managing people.
Leadership and management are unrelated. I hear this all the time and it’s a huge misconception. While it is true that there are different skill-sets, they’re still intimately related. The truth is that good management skills make better leaders and the converse is also true. I would argue that great management requires excellent leadership skills.


MBAs make better managers. Yes, you learn a lot getting an MBA. Yes, it’s a good piece of paper to have - especially from a top notch school - if you aspire to be in senior management. There is some credible evidence that it will make you or anyone else a better manager. That’s largely because management is partly more art than science. It’s tougher to get in than it is to do. The truth is just the opposite. If you’re capable, you’ll become a top notch manager. But it takes a lot more than that to become a successful manager not the least the visionary leader.
You should be able to do the jobs of those you manage. For some people in some jobs - primarily line managers - it can help quite a fair bit. In the vast majority of cases, however, there’s little correlation and it decreases further the higher you go up the management chain.
Perhaps the supreme, overriding uber-myth here is that there’s a formula for management success. As long as people are unique individuals and organizations are unique entities - and they surely are - there can be no formula for successful management. Sure, certain qualities and processes work better for certain people in certain organizations and industries, but that’s a far cry from a general blueprint for management success. It simply doesn’t exist. So if you stop looking for formulas, you’ll go a long way to becoming a more successful manager.
Every so often there is talk about whether you should or shouldn’t get an MBA. The only thing all those stories have in common is that those who wrote them likely have a stake in the presentation.
Also, it’s indefensible to be screwing around with folk’s career potential and ability to land jobs at a time like this. This is a time for the truth, like it or not. So here it is, no sugarcoating, no research that can be manipulated to make a point, just pure, unadulterated experience and simple logic.
You see alot of people have satisfying career, but you may need to fight tooth and nail to beat out competitors with MBAs from Harvard, Stanford, Cambridge and other top schools for executive-level jobs. It could be just a piece of paper, but that piece of paper is either desired or required for the vast majority of senior management jobs at companies big and small.

So, if you aspire to climb relatively high up the corporate ladder, you’ll have a far easier time if you get that piece of paper, especially if you get it from a top notch school. An MBA from a top notch school will indeed improve your prospects but those that are not so branded will still see yourself in a fair deal if you do proven your own capability. Otherwise, you’ll be swimming uphill your entire career.  If you’re not into climbing the corporate ladder, think you can make it on your own as an entrepreneur, or can’t afford or get into a top tier school, then it’s probably not worth it. All hype and headlines aside, that’s the simple truth.

Why Smart People Make Lousy Teams
Okay, maybe it’s not all that bad. But we’ve all seen groups of supposedly smart people who just can’t work well together. That’s because, according to recent research from Massachusetts Institute of Technology, Carnegie Mellon, and Union College, raw smarts doesn’t have much to do with team performance.
Some research has placed nearly 700 people into groups of between two and five, then gave them problems to solve, such as visual puzzles, games, negotiations, and logical analysis. Here’s what they found:
Individual smarts doesn’t affect performance. The average intelligence of team members wasn’t related to team performance. So if you’ve got a team that’s struggling, putting a couple of really smart people on it isn’t going to help.

EQ–emotional intelligence– is more important than IQ. Good communication and good coordination make teams function well. To get that, you need people who are good at reading and responding to other peoples’ emotions. Teams that included even one person with superior skills in this regard had better performance.








A ’strong’ personality hurts performance. Groups where one person dominated the conversation or the decision-making, or where people didn’t do as well taking turns, had worse performance. This correlates well with other research that shows ’stronger’ leaders are often less effective than those who perceive themselves to be less powerful.
In business, it’s not always easy to change the composition of a team, and just because a team is all-male shouldn’t give it license to be socially inept. Writing for Psychology Today, Heidi Grant Halvorson suggests a number of ways any team can become more socially aware, and therefore, higher performing:
Create opportunities for team members to express their feelings, and for others to respond to them. Encourage face-time whenever possible (emotions are difficult to read on the phone, and nearly impossible over email). Cultivating a work environment where team members experiences are acknowledged and understood will create teams that are smarter, happier, and far more successful.

Teams can be smarter and more effective than the individuals who make up the team - the whole can indeed be bigger and better than just the sum of its parts, but only under the right circumstances.

A recent study conducted by researchers at MIT, Carnegie Mellon, and Union College shows that the collective intelligence of a small group working together uniquely predicts their performance across a wide variety of tasks. In the study, nearly 700 people were placed in groups of 2 to 5, and their ability to solve problems as a team was found to strongly predict their subsequent success on tasks as diverse as visual puzzles, games, negotiations, and logical analysis.
The average intelligence of members (measured individually, rather than as a group) did not predict team performance at all, and that's really important. In other words, simply having a couple of really smart people in the group didn't necessarily make the group itself any smarter.
It turns out that the collective intelligence of the team will only meet or exceed its individual potential if the right kind of internal dynamics are in place. The researchers found that what is needed for a group to be "smart" is effective coordination and communication, and that this is most likely to be the present in groups with members who were more socially sensitive.

When groups contained people who were particularly skilled when it comes to perceiving and responding to others' emotions, they demonstrated greater collective intelligence, and superior performance again and again. Not surprisingly, groups where one person dominated in conversation and decision-making were collectively less intelligent, and less effective.

So, how can you ensure that your team will be socially sensitive? The answer is simple: Try to add more women. Some studies found taht teams that contained more women were significantly more socially sensitive, and consequently more intelligent, than the male-dominated teams.

If you don't have the power to change the gender makeup of your teams, fear not. Their collective intelligence can still develop and improve - through better, more sensitive means of working together, or better collaboration tools. Create opportunities for team members to express their feelings, and for others to respond to them. Encourage face-time whenever possible (emotions are difficult to read on the phone, and nearly impossible over email). Cultivating a work environment where team members experiences are acknowledged and understood will create teams that are smarter, happier, and far more successful