Three things executives should stop doing when looking for their next job

August 28, 2014 · Filed Under innovation and investments, reflections, style · Comment 

Because they have been pretty lucky, senior executives are not the best job seekers; but times are changing, the concept of an industrial age career is over and senior executives must also adjust to the changing conditions, meaning that they must stop doing the very things they were doing to get their first job.

1. Do not send resumes to anybody! Especially don’t send it to everybody, it is not a flyer. If you shoot it out indiscriminately you disrespect your whole life and literally devalue (discount) yourself.

2. Forget executive search firms, they can’t help you! If they could, they’d already be talking to you. If you thought it’s their job to find jobs for senior executives you probably never engaged a search firm to build your team which means any or all of these three things: a. You live in an emerging market, b. You don’t understand how this business and the market for executives works (even if you were placed in your current role by one). c. You have no relationship with any.

Read the specific do’s and don’ts on how to deal with search firms, including what games not to play, here.

3. Do not call yourself a consultant just to fill the gap in your resume, when you have no career aspiration to become one. If you do, don’t waste any time and meet the right guys at McKinsey or similar, right away. If you don’t do anything right now job wise, find something to do that’s meaningful. You can find out more about that and about how to look for a job the right way here.

Raising the issue of organicity

The bigger the organization gets, the dumber it becomes.
Yet: organizations of the same size exhibit different levels of organizational intelligence (e.g. innate innovation, leadership, etc.).
The key lies in organicity: while all organizations are highly mechanical, each has a certain level of organicity.
Focusing on fostering innovation with mechanical measures, instead of focusing on increasing the level of organicity, is comparible to trying to increase sales by talking more about it, instead of connecting with customers.
Is ironic, although absolutely not surprising that organicity is not on the executive agenda (it hasn’t even made it to spell-check programs)!

What is your greatest weakness

January 18, 2014 · Filed Under reflections, style, the funny business of executive search · 4 Comments 

An article with this title came up in my news feed from the Harvard Business Review; it was written by an HR manager working for a startup and dealt with pre-programmed / taught answers mostly from people fresh out of university. The point there was that these answers are not honest and not being honest translates to not admitting problems, which could be fatal in startups.

We will deal with this question from a completely different perspective.

I didn’t take the effort to research who came up with the “what is your greatest weakness” question in an interview setting – probably an empowered bureaucrat: the question is unfair and ill-willed and if asked “in general”, it is plain idiotic. If the interviewer has good intentions (whatever that means) and still asks this question, he lacks critical thinking or doesn’t think, period. This is why it has become an issue how to answer it.

An acceptable way to approach this for anyone with some degree of self-respect:

If you are a specialist: tell them technical areas: I am not that strong in Python yet, I am still learning new tricks with macros and similar. If you want to dig more, ask my wife, boyfriend, roommate, whatever, but I don’t see how it’s relevant.

If you are going for management or leadership roles and you hear this question, it’s probably time to walk: they either use this because they don’t want you or they are wasting your time with incompetent paper pushers.

If you decide that it’s worth your time to address the question:

Tell them the management principles that you operate by, like “I always try to set clear expectations”, “walk the talk”, ” I fire manipulators”, “I put integrity above profits”, “I hire the best and let them flourish”, “I treat people like adults”, whatever. Then ask: could this be a weakness in this organization?

Leadership is based on supra individual principles and principles are neither good nor bad: in this context the weakness is always the individual himself.

If the interviewer is more interested in discussing principles than weaknesses, you’re in the right place.

How to perform a strategy audit in 10 minutes

December 12, 2013 · Filed Under identity based praxis, reflections, style · 2 Comments 

Admittedly this is somewhat provocative, but perhaps not that far – fetched.

Considering that over 90% of companies are mediocre, it doesn’t make much sense to even raise the question of strategy. Companies are mediocre because they have no leadership who could provide a concept that may serve as the foundation of any kind of strategy, so they are, without exception playing catch-up. Their „leaders” are staring in the rear-view mirror and at various indicators while stepping ever heavier on the gas pedal. All the while there is only one song coming from the speakers at maximum volume: faster!

Paradoxically they are terrified of taking their eyes off the rear-view mirror and focusing on the road.

People leading leading firms do precisely this. There is no noise, their attention is proportionately spread between the road, the mirrors and the indicators with most attention dedicated to the road, they feel the car and most of all: they know precisely why they are driving and they know it pretty well where they are heading.

There is no strategy without a concept!

It’s easy to find out if there really is a concept behind a written and „internalized” strategy; we just need to ask the question: what is your strategy based on? If the CEO’s answer is quantitative or is based on outside factors, like last year’s results, market data, competitive behaviour, etc., then there is no concept.

There is no focus without strategy

This is also easy to test. Just see what happens in the controlling department in budgeting or reporting times: so called bullshit strategies, that are not based on a defendable concept but are dreamed up by management in offsite sessions somewhere in the mountains or beach resorts, simply can’t be implemented. If they still appear to be implemented, it is mostly because the controlling team is diligently correcting the numbers in the reporting period.

The organization is weak without focus

A weak organization is slow and reactive. It is passive. There is simply nothing to organize around. Most of the people don’t do what they should be doing and almost everybody performs way below their abilities – 10-12 hours a day.

We can immediately recognize a weak organization: it’s enough to sit around at the main reception for 5-15 minutes during lunchtime and listen to the people. They are typically cynical, complaining or you can see fear in the eyes.

A weak organization is a sign of no leadership

Without a leader there is no concept, strategy is forgotten and resources are wasted on trying to keep together a disintegrating organization while the company is missing opportunities and falls behind.

Mediocrity can’t be kept secret!

Intellectual cowardice

People usually polarize between “what should be” and “what is“. Their position on this scale depicts very distinct types.

The “what’s possible” usually becomes a matter of opinion but -quite logically- the closer it is to “what is”, the more likely it is that the possibility may become an actuality… but: closer to whose reality…?

What I describe as intellectual cowardice is when people who know better (have the experience, have seen proof, have the intellectual capacity to recognize and embrace potentials) decide to take the comfortable position of the lowest common denominator, the “what is”, and against all they know, they don’t sway from it one inch. Their motivation is typically career related: it’s safe to be the guy who challenges potentials or the potential. Not only is this motivation not heroic, very often it is also ill-willed and cynical in that it makes it look like that the “what should be guy” doesn’t even know what’s going on; and of course nothing is farther from the truth.

This clip, depicting a hypothetical scenario of Nikola Tesla (what should be) pitching to VCs (what is), provides a great example for all this. While the clip is incredibly funny, it’s not an exaggeration and it’s a perfect snapshot of what I mean by cowardice and often even sabotage with or without arrogance as a style element. http://bit.ly/19OBSEn .

In highly bureaucratic organizations you can’t make a career by being the “what should be guy”; such guys typically get to play only when it’s already too late.

In highly entrepreneurial environments the “what should be” guys should lead. In an ideal world both the VCs and the founders are of this breed!; and the way they lead is very different from how the “what is guys” lead.

Otherwise do any of the following and watch the dynamics change:

- don’t invite “what is guys” to meetings about strategy

- make rules, like: you’re not allowed to make statements about things everybody in the group is aware of (like what is the budget (e.g. we don’t have a budget for that), what day it is (e.g. we are not there yet), basic math (e.g. that’s gonna cost us), etc.)

- put “what is guys” in problem solving or solution development positions

www.prakhsis.com/contact

Watch out for the lifestyle expat

May 9, 2013 · Filed Under identity based praxis, reflections, style · Comment 

The lifesytle expat is a sign of times, their existence is a logical necessity; they are the byproducts of flawed views and the corresponding thinking that are prevalent in the corporate world, which promotes arrogance and infantile behavior and necessarily divides employees into cynics and idiots.

The lifestyle expat may be best described by one word: entitlement.

They are typically sent from mature markets to developing ones to “get things done”, to “teach and educate those people”, to “achieve” and what in light of all this seems to be paradoxical: to gain international experience. Not all expats are lifestyle expats but we won’t speak here about the others.

Six simple ways to recognize the lifestyle expat:

- She’s doing the company a favor. The ones that are not that bright are convinced of this, the cynical players are just good at playing this card smart.

- He has demands  or non-negotiables: these are typically stuff he could not get at HQ in his “normal job”. A good example could be vacation days for North American expats (a scarcity in their home markets), job for the spouse, paid (elite) school for kids, the best house money (not budget!) can buy – and similar. For lifestyle expats non-negotiables are a vanity question (a “question of principle” as they put it) and they fight for them vehemently.

- She is not really participating, let alone rocking the boat. She typically lets her team working overtime while she’s leaving precisely at 5pm (work/life balance), takes her vacations when the going gets tough (on short notice if necessary), etc. She often counterbalances this with a great smile and a smooth personality.

- No ideas, no strategies. He’s much happier talking about his career plans. This typically boils down to becoming a general manager and a regional CEO. The career usually stops at the GM level, they rarely become regional CEOs and never become CEOs of multinationals….and this is of course a good thing.

- When it becomes clear that there is no “room for growth”, or when the lifestyle is not likely to be financed by the company anymore  she moves on to another company. The plan is typically to become a GM by the time he’s 35…then by the time he’s 45, etc. Some of them are out of there way before the notice period is up… like they had never even been there.

- Never learns a local language, interacts mostly with expats and locals who share “his views”. I link here some more relevant stuff to this from my friend Eric Bilginoglu, who has a unique perspective on the issue.

…and you can probably list many more.

Someone dealing with these guys often summed up their performance like this: nice guys, great at building relationships, perfect presentations, structured input, absolutely no results.

Top 3 reasons why lifestyle expats exist:

1. There is no leadership in the organization: the boss of the lifestyle expat may very well be another lifestyle expat, a Like-minded Local or just a weak manager

2. The company’s “culture” actually favors the lifestyle expat; this means that it’s full of incompetent super stars. Since in this case the company is not performing well (most of the good guys have already left and the cynical and the stupid constitute the majority) a CEO change and a major organizational change should be expected – or the company’s demise.

3. The organization is going through massive change and they haven’t got around firing them yet (see also point 1)

If you have lifestyle expats reporting to you,

- you MUST start showing leadership NOW

- if you haven’t yet, you must realize that business is NOT as usual: you have a CRISIS on your hand and you must manage accordingly

- you MUST re-think how you approach and manage change

Alternatively

- you should start looking for another job

www.prakhsis.com/contact

Is an agent’s network really that valuable?

April 30, 2013 · Filed Under Theoretical Foundation, reflections · Comment 

Excerpt from the upcoming book: The funny business of executive search

Search guys’ networks maybe large but it doesn’t mean that they are valuable for clients or potential candidates. This is logical since agents benefit more from their network than their network from them; and when we look at search guys specifically, who are after people not looking for new jobs, they provide actual value only to current clients (even for those ideally NOT through their network) and to a lesser degree to shortlisted candidates: percentage wise – in proportion to their total network– this is close to zero. Even if we consider potential benefits to their network the ratio is not much better for the same reasons.

Interestingly neither the clients nor the candidates act as if they were aware of this. It happens often that clients call search guys saying: here’s a great guy do you have something for him? Or vice versa: candidates often check in with search firms when they are looking for jobs. It’s not a 100% useless to do this but realistically there is not much point in it. Unless they have special arrangements with clients to bring them top candidates without a formal search process in place, the search guys are not that motivated to make moves: they don’t want to jeopardize coming across as desperate or “creative”. There are “influential” search guys out there who can call up a client and say: hire this guy! In some cases they can do this because they put the guys they call in their position the same way, sometimes for other reasons – the number of these players are not substantial and these practices are of course highly questionable from an ethical point of view. It’s also worthwhile to note here that many search guys expect “loyalty” from the directors they placed, thinking that when they hire key people they should use them for the search – these players obviously lack business sense and/or they are pressured to do so; either way, it’s not good.

Search guys are of course selling heavily the size of their network. This is typically a sign of the clients and/or the search guys being clueless. People hiring search firms often complain: I spoke with this guy and I couldn’t even finish explaining what the situation was, he kept on interrupting by telling me who he knows who maybe relevant…

Strongly related to the size of the network is when local search guys sell the “I know everybody” proposition. The disadvantage of the search guy “knowing everybody” is that the chance that he will subconsciously screen out candidates before even starting the search is big. A search guy who is not that tied in to the social fabric in a particular location and performs a thorough research will go in without any preconceived notions and talks even to candidates that others may not even think about approaching for whatever reason.

Another thing about this proposition is that people tend to associate knowing everybody with being influential. Knowing everybody often means that they spoke once in a conference, somebody was a candidate once or they both member of the same chamber of commerce, attend the same networking events, etc.  Some search guys throw BBQs, have lunch and drinks with somebody every day, etc. None of this means influence.

Even if both the search guy and a high profile candidate are members of an exclusive club where members tend to deal mostly with “insiders”, the only advantage from all this for the client is that the candidate maybe more willing to talk about their role – and even this is losing relevance: interested candidates discuss interesting opportunities no matter where it comes from – testament to this is the well documented story of Ramsey Beirne Associates (now Kindred Partners) in the USA that rose to dominance in the Silicon Valley in the 90’s without even having an office there. Club membership and the brand name of the search firm absolutely does not mean that the candidate will be influenced by the search guy when considering the opportunity- provided that he really is of high caliber.

There are managers who just recently entered high enough positions to get on the search guys’ radar and they often make the mistake to get into discussions and even go to client interviews to please the search guys all the while knowing that they will not take the job. This normally happens when it comes to top tier search firms and the candidates typically think this maybe a good way to build “relationships”. Most candidates sooner than later realize that this is a big mistake and their reputation will become stronger when they deal openly and say NO right off the bat when they see that there is no point in continuing.

Only influential people (the ones high caliber people tend to call before making big decisions) have valuable networks and the size of the network obviously has no co-relation to its value.  By being professional agents with one single weapon (similarly to real estate agents, management consultants and similar),  search guys’ sphere of influence is highly limited and so is the value of their network.

What would happen if executive search disappeared?

April 24, 2013 · Filed Under reflections · Comment 

Excerpt from the upcoming book: the Funny business of executive search

According to the association of executive search firms the global search business is about $7B. This maybe less than Google’s payroll. Small of course does not mean insignificant or unimportant. In fact: the more elitist a business is the smaller it should remain – at least when it comes to the number of players. Based purely on numbers, if a $7B industry disappeared nobody would notice.

How companies would hire strategically important managers without the search business is a different question altogether. Since search really wants to be perceived as a consulting business, I asked a few people this question a little differently: what would happen if the consulting business disappeared. Two types of answers emerged:

-          Great: managers would grow balls

-          It would mean demise

The first consulting companies emerged almost immediately after the first private corporations had been registered (from the mid 1800’s), . This fact sheds light to something significant:

business is a mechanical organization.

It means it’s been put together to achieve an artificial goal. I prefer to say: an inorganic goal. It is not by accident that the registered private corporation came to the scene right after the industrial revolution. The registered private company was perhaps the first completely mechanical organization in the history of mankind.

Of course it can’t survive without help! In fact: it needs all the help it can get not to disintegrate. There is no organic force that keeps it together. This is not a great exaggeration! There is of course always a little organicity in any organization; it’s unavoidable, since we are talking about people, right?

So back to the question of what would happen if the search business all of a sudden disappeared: It may mean simply one less mechanical process and a little more organicity. Growing balls is something organic; leadership is definitely organic: there is no such thing as business leadership!

Let’s look at some hypothetical scenarios in the world of business without executive search:

Externally:

-          Advertising would become more intense and diverse.

-          Passive candidates would not be approached or would be approached significantly less often; this means that

-          The overall quality of candidates would drop; this means two things:

  • Lower business performance AND/OR
  • More focus on hiring for potential, more training, mentoring, internal promotions

-          The significance of business clubs would increase

Internally:

-          Boards’ role and composition would change significantly. At the very minimum, boards would take MUCH MORE responsibility for recruiting and retaining the CEO, but also for all other areas (strategy, compensation, etc.). They would also have more skin in the game.

-          The CEO would become much more difficult to replace but it would also be more difficult for him to change jobs.

-          The team dynamics in top management would change significantly.

-          Shareholder’s expectations would change

-          HR would change

COMMENTS ARE WELCOME!

image source: http://www.flickr.com/people/polubeda/

Loudmouthing

February 16, 2013 · Filed Under Theoretical Foundation, reflections, style · Comment 

We learn stuff: in schools, courses, conferences, from reading and conversations. Then we repeat.

This is bad enough but it gets worse: whoever repeats stuff louder is considered to be better. If on top of this all somebody is also more aggressive, she’s often considered to be a “leader” – most careers have been built on this recipe.

Authentic knowledge is quiet. It is not acquired, it is created; and since it is more than the individual, it calls for humbleness!

Powerful people strive to break the bondage of their individuality. They don’t need anybody’s recognition! This kind of independence is the only vantage point for control: controlling impulses, control to stay in context and control to think about timing when the time pressure is big; control for listening.

No control, no power. “Me, me, me”, “I did this”, “My idea” and similar was invented by people with no inner power and the weak is almost always loud and they are always overcompensating.

To do big things we need to become quieter. Let’s leave loudmouthing for….others.

Blackberry. Would you buy anything from this guy?

Stephen Bates is the managing director of Blackberry Europe.

He’s making a name for himself for acting at interviews like a…how to say it correctly politically…let’s just say like somebody without any authority at all.

If you haven’t haven’t seen any of these interviews yet, the bottom line is that the reporter asks him a semi-tough question, like why was the launch of the blackberry 10 delayed and he talks about completely different stuff – with a straight face. Here’s an example:

bates interview

People are talking about this phenomena like this is his “PR strategy” ….NOT LISTENING.

Reminds me of the movie with Peter Sellers, Being there. It’s about a gardener with less than average intellect who follows the same strategy as Bates and people tend to hear in his answers (all garden talk) whatever they want to hear. This way he makes his way up to the top. Bates is already the managing director of Europe. Continuing acting like the Gardener may bring him down.

UNLESS: this is the blackberry way: don’t think just do what you’re told! Or worse yet: WE DON’T LISTEN TO THEM (to the market, to customers), WE ACT DEAF AND JUST DO OUR THING!

In this case Bates embodies the company culture and we (customers, employees and investors) must ask ourselves: is this approach sustainable in one of the most innovative fields in business?

I am definitely not buying what this guy is selling!

being there

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