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#55 Measurement and Reality

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Those whose job requires them to measure things cannot succeed unless they can face reality. The converse is also true: those who can face reality will be more accurate in their measurements.

Metrics scare people. They fear it will make them look bad. The reactions range from denial to anger to avoidance. Others avoid metrics because they are not good with numbers.

The irony is that the process of measurement is often more valuable than the final answer. The process usually results in assumptions being uncovered, dialogues taking place, myths are busted, alignment is achieved, and decisions are taken.

When faced by a tough situation, ask, “How will we measure this?” The answer may be “You can’t.” Your response should be, “Lets try, the final answer is not as important as what we discover along the way.”

This will generally be true in business strategy execution, and true in leadership development. All the hype about big data notwithstanding, measurement is tough. People don’t measure because they think they can’t, the real reason is that they won’t, or they don’t want to.

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#41 Digging for gold versus selling shovels

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There is this period of time during the gold rush, where people rushed to find gold and get rich. Some found gold and became rich, others had nothing to show for their efforts. This is a high risk, high reward situation. The people who made money consistently were the ones who sold shovels to the gold diggers. This is low risk, and low reward, but steady and somewhat predictable. One the gold dried up, the shovel makers were out of business.

When staffing your leadership team, how many are “gold diggers” and how many are content “selling shovels?” you have to balance your “portfolio” with both types of people and watch out for the conflict that is inherent when the two personalities meet. Unlike the gold rush, these people have to work with each other on a daily basis.

The “gold diggers” are likely to be the risk takers who will resent the slow, methodical, risk averse approach of those who “sell shovels.” The latter will see the former as aggressive, pushy, short tempered bullies.

The nuance in the modern workplace is that you are not “one or the other.” You are both types at the same time. Develop your awareness to know when you are which type. Develop your skill to work better with the other type.

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