CEOs / Executives:
When you freak out about a team missing their launch date by a week or a few weeks, you should know that freaking out (or punishing this team) will not actually achieve the outcome you want.
This also applies if you appreciate a team very publicly mainly for hitting their committed date.
I know you want a culture of speed, sense of urgency, execution discipline, set an example, etc. etc. but in practice you will almost certainly get the opposite of that if you do these things.
Why?
Unintended consequences.
From now on, every team — wanting to avoid punishment & seeking your appreciation — will start padding their schedules and creating a perception of greater complexity to justify the schedules.
This in turn will slow things down a lot more, company-wide.
Plus, despite heavily padding the schedule, it’s not like these teams are going sometimes launch a project early. Because of Parkinson’s Law (“work expands to fill the time allotted for its completion”), these teams will still struggle to barely hit the padded date they committed to.
This is not intuitive to some executives. They have forgotten how first-level & mid-level managers will respond to incentives and disincentives set by the execs and the CEO.
What to do?
You must learn to see the odd missed date as an acceptable cost of setting ambitious goals and aggressive deadlines. If you want teams to move as fast as they can, you must be tolerant of the occasional missed date.
(it is a different matter if there is an external customer / partner / regulator / analyst / Wall Street commitment for a given launch date — in most companies, for most launches, this is not the case)
New blog post: Don't fall into the trap of taking the wrong lesson from other companies' success.
https://t.co/XkcIjbSuHP
See this all the time so wrote up a quick note.
Top 10 books for product leaders:
Working Backwards
Amp It Up
The 5 Dysfunctions of a Team
Competing Against Luck
The Mom Test
7 Powers
Understanding Michael Porter
Never Split the Difference
Thinking in Bets
Are Your Lights On?
Bonus:
Alchemy
Principles
High Output Management
Thank you @peterkyle for coming to Horsham tonight! It was inspiring to hear stories about how Labour win in Sussex. Good luck in Northern Ireland tomorrow. It is refreshing to hear such a positive approach. Much appreciated.
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“It is not too late. We have an interview prepared. Oven-ready, as Mr Johnson likes to say”
Andrew Neil issues a challenge for Boris Johnson to commit to an interview with him, to face questions on why people have “deemed him to be untrustworthy”
https://t.co/daHLxEYn4r
This is the simplest and most lucid explanation I’ve heard from any politician from any party of what trading with the world on WTO terms actually means. Intellectual clarity is a rare commodity amongst the current crop of politicians.