Chip Conley: Count what really matters?

Below are some interesting quotes from this talk:

    • And one of the simplest facts in business is something that we often neglect. And that is that we’re all human. And each of us, no matter what our role is in business, actually has some hierarchy of needs in the workplace.
    • And what we can measure is that tangible stuff at the bottom of the pyramid. They didn’t even see the intangible stuff higher up the pyramid. So I started asking myself the question: How can we get leaders to start valuing the intangible? If we’re taught as leaders to just manage what we can measure, and all we can measure is the tangible in life, we’re missing a whole lot of things at the top of the pyramid.
    • “Not everything that can be counted counts, and not everything that counts can be counted.”
    • I asked him (Bhutan Prime Minister), “How can you create and measure something which evaporates, in other words, happiness?” And he’s a very wise man, and he said, “Listen, Bhutan’s goal is not to create happiness. We create the conditions for happiness to occur. In other words, we create a habitat of happiness.”
    • GDP counts everything from air pollution to the destruction of our redwoods. But it actually doesn’t count the health of our children or the integrity of our public officials. As you look at these two columns here, doesn’t it make you feel like it’s time for us to start figuring out a new way to count, a new way to actually imagine what’s important to us in life?

What are the right motivators to keep employees engaged?

www.fastcompany.com screen capture 2011-8-16-11-26-17

This blog post talks about the right motivators that managers & leaders should deploy for effectiveness & longevity of top talent within organizations.

  • More often than not, individuals don’t realize themselves what their primary motivators are.
  • The challenge for leaders / managers / organizations is to align individual’s personal strengths / goals towards organizations goals. While this is easier said than done, it could be a very effective talent management strategy.
  • I’m sure many of you come across this animation by Dan Pink about Drive. If not, its a highly recommended watch.

Trust Maketh A Good Day

Trust_flickr_soonerpa
(Photo courtesy flickr | soonerpa)

With Lightening McQueen back in town, it was just a matter of time before we had to make a trip to the cinemas. While making reservations online, I ran into connectivity issues that left my transaction incomplete – a depleted bank account, but no reservations. Having heard of prior instances, I readied myself for time consuming multiple calls to the vendor call centres. The reservations were completed with a new transaction (twice the amount spent so far) & the sorting of the issue relegated to the weekend.

After having watched the movie, we grappled with a bout of flu over the rest of the weekend. The task of having to recover the extra ticket money was a nagging thought through the weekend & Monday.

Come Tuesday morning, a surprise awaited in my mailbox. A mail letting me know that the ticketing vendor has initiated a refund for my failed transaction! And I had not called any call centre yet. It was such a thrill, a relief & a hope-instilling event. In this big bad world where opportunism rules people’s behaviour, it was pleasant to experience something as basic as a fair business practice. There is hope 🙂

The incident reminded me of what I had read about one of Omidyar Network’s investing philosophy – investing in ventures that promote mutual trust via online business. I so understand this thought process now.

Update (19th July 2011): Check out this article (Digital Oxytocin: How Trust Keeps Facebook, Twitter Humming) that postulates that Internet use (the likes of Facebook & Twitter in particular) promotes trust amongst its users.

Memory In A Tube

(Picture courtesy www.thehenryford.org)

Every once in a while, you stumble across an astonishing fact about a well know personality that shakes up the image you held of the personality. This one involves Henry Ford & Thomas Edison.

Ford first worked for Edison. Over time, the two became good friends & spent quite some time together. When Edison was on his deathbed, Ford apparently convinced Edison Jr. to catch the great inventor’s last breath in a test tube. This test tube is now on display at the Henry Ford Museum.

Stories about why Ford did what he did include references to reincarnation  & buddy souvenir. Check out the below links for more details:

~ http://www.thehenryford.org/exhibits/pic/2004/july.asp
~ http://www.thenewatlantis.com/publications/the-last-breath-of-thomas-edison