GOOD BOSS

GOOD BOSS, BAD BOSS!!

How to be the Best and Learn from the Worst…

A must reading for all who has – or is – a boss.

75% of the workforce reports that their immediate supervisor is the most stressful part of their job

Professor of management Dr. Robert I. Sutton, the best-selling author of The No Asshole Rule, explores how good and bad bosses affect the workplace and what distinguishes one from the other

Dr. Sutton says that as more people shared with him their asshole stories, about working and dealing with assholes (as a result of reading or hearing about “The No Asshole Rule”), he realized that everything came back to one central figure — the boss. It was from the countless workplace asshole stories and the desire to share how to be a skilled boss or how to work for one that led Dr. Sutton to write “Good Boss, Bad Boss.”

How Bad Bosses creates Negative Impact?

The prevalence of bad bosses is confirmed by careful studies. A  Zogby survey of nearly 8,000 American adults found that of those abused by workplace bullies (37 percent of respondents), 72 percent were bullied by superiors.Stories about the damage done by bully bosses are bolstered by systematic research. University of Florida researchers found that employees with abusive bosses were more likely than others to slow down or make errors on purpose (30 percent vs. 6 percent), hide from their bosses (27 percent vs. 4 percent), not put in maximum effort (33 percent vs. 9 percent) and take sick time when they weren’t sick (29 percent vs. 4 percent).

A boss can be bad in many ways, but whatever the permutation, ill behaved bosses make people sick. In England, researchers tracked 6,000 civil service workers for 20 years. Those with bosses who were hypercritical, poor listeners or stingy with praise experienced higher rates of angina, heart attacks and death from heart disease than those working for benevolent bosses. Finnish and Swedish studies show similar results. Employees working for bad bosses frequently report feeling angry, stressed out, emotionally numb, depressed or anxious. On the flip side, employees are more satisfied and productive when they feel their bosses care about them. Organizations with good bosses enjoy healthier employees, more profitability and greater employee retention.

(image source: www.sarahjanevickery.com)

Balance, Determination and “Small Wins”

Good bosses are not micromanagers who stifle creativity and interrupt work flow, and they’re not lackadaisical, like bosses who fail to achieve company goals. Good bosses walk the line between stepping in when necessary and letting their employees work without interference. Good managers have determination, or “grit” – that is, “perseverance and passion toward long-term goals.” Bosses with grit regard work as a marathon, not a sprint. They sustain effort through adversity and never stop learning.

Good bosses don’t just plan to meet long-term goals. They also set out to achieve small wins along the way and to motivate staffers to reach for lofty goals. For example, some people “freak out or freeze up” when their tasks become overwhelming or too complex. People are more effective when they conquer smaller tasks and celebrate small victories. Helping staff members stay calm and confident is one reason to break projects into manageable, contained segments.

The 10 commandments For Wise Bosses:

  1. Have a Strong opinions and weakly held beliefs.
  2. Do not treat others as if they are idiots.
  3. Listen attentively to your people; don’t just pretend to hear what they say.
  4. Ask a lot of good questions.
  5. Ask others for help and gratefully accept their assistance.
  6. Do not hesitate to say, ”I don’t know”.
  7. Forgive people when they fail, remember the lessons, and teach them to everyone.
  8. Fight as if you are right, and listen as if you are wrong
  9. Do not hold grudges after losing an argument. Instead, help the victors implement their ideas with all your might.
  10. Know your weakness and flaws, and work with people who correct and compensate for your weakness, Express gratitude to your people.

Conclusion:

“Good Boss, Bad Boss” is about the best bosses and what they do. It’s not about incompetent or even mediocre bosses. As Dr. Sutton puts it, it doesn’t matter if you’re a boss whose team brought in the highest sales number or a principal of an award-winning school, if you treat people badly, you don’t deserve to be called a great boss.

About Author: Robert Sutton is Professor of Management Science and Engineering and a Professor of Organizational Behavior (by courtesy) at Stanford.  Sutton has been teaching classes on the psychology of business and management at Stanford since 1983. He is co-founder of the Center for Work, Technology and Organization, which he co-directed from 1996 to 2006.  He is also co-founder of the Stanford Technology Ventures Program and the Hasso Plattner Institute of Design (which everyone calls “the d school”). He has published over 100 articles and chapters on these topics in peer-reviewed journals and the popular press. Sutton’s books include Weird Ideas That Work: 11 ½ Practices for Promoting, Managing, and Sustaining Innovation, The Knowing-Doing Gap: How Smart Firms Turn Knowledge into Action (with Jeffrey Pfeffer), and Hard Facts, Dangerous Half-Truths, and Total Nonsense: Profiting from Evidence-Based Management (with Jeffrey Pfeffer).  The No Asshole Rule: Building a Civilized Workplace and Surviving One That Isn’t and Good Boss, Bad Boss: How to Be the Best…. and Survive the Worst are both New York Times and Wall Street Journal bestsellers.

Procrastination Equation

The Procrastination Equation – Part II

How to stop putting things off and start getting stuff done (feature image source: studyguides)

In my last blog, I wrote about The Procrastination Equation by Dr. Piers Steel who is creator of one of the best motivation and procrastination books – an equation that is able to explain every scientific finding on procrastination ever.

The equation teaches us:

“What can be done at any time is often done at no time.”

The next question is very important with which I ended my part – I of the blog, which is:

How to beat Procrastination?

Simple Maths, In this equation

Motivation = (Expectancy x Value) / (Impulsiveness x Delay)

Increase the numerator and decrease the denominator to have more control, i.e

  • Increase your expectancy of Success.
  • Increase the task’s value(make it more pleasant and rewarding).
  • Decrease your impulsiveness.

Research shows that there are several useful methods to achieve each of these, though you may think these are out of your control

Let’s see how to achieve it..

Increase your expectancy of Success.

I agree, it is same as telling someone “Be Positive”, But How?

Researchers have identified, three major techniques for increasing optimism:

  1. Success Spirals – Making use of “Success Spirals” means achieving one challenging goals after another, it gives you confidence in your ability to succeed. So give yourself a series of meaningful, challenging but achievable goals, and then achieve them. You can acquire a skill, go for adventure like rafting, camping; volunteer for more social or professional work, give a level to your hobbies etc. When you achieve goals one after another, your brain will reward you with increased expectancy for success and finally a better ability to beat procrastination
  2. Vicarious Victory – Pessimism and optimism both are contagious. So try to be a part of community which fosters positivity, watch inspirational movies, read inspirational biographies, listen to motivational speakers and so on
  3. Mental Contrasting – While most of us do creative visualization of what we want to achieve: Money, Car, House, High paying Job etc.Research shows that it may drain our motivation unless we do “Mental Contrasting” after visualizing what you want to achieve with where you are now with a rusty car, rented house etc. This will help you to overcome obstacle to achieve your dreams and jumpstarts planning and effort towards it.
(image source: www.timesheets.com)

Increase the task’s value (make it more pleasant and rewarding)

If we don’t like gardening, how can we water the plant? it doesn’t have much value to us. Right?

However, study shows that, Value is to some degree constructed and relative. Psychophysics actually, advice for how we can inject value into necessary tasks

  1. Flow – it’s all about making a boring job more difficult, to the point that matches your current level of skill and there you achieve your “flow” just like how Myrtle Young made her boring job at potato chip factory more interesting and challenging by looking for potato chips that resembled celebrities and pulling them off the conveyor belt.
  2. Meaning – Connect the task to something you care about for its own sake, as a chain: Read the subject in your curriculum (you don’t like) to clear the exam and get a job, buy a house for your loved ones. Once you break the chain, it makes a task meaningless, so you do it through a chain.
  3. Energy – It’s simple, Low energy make a task harder. So take it up when you are mot alert, may be in day time or afternoon or evening, you know your rhythm. Don’t forget to sleep well, and exercise well!!
  4. Rewards – It’s simple, pat your back, reward yourself for completing a task. Treat yourself with special coffee after you achieve it.
  5. Passion – The value of task increase itself, when you do what you love. It’s the most powerful way to achieve  your goals

    Decrease your impulsiveness.

“The Achilles Heel of procrastination turns out to be impulsiveness; that is, living impatiently in the moment and wanting it all now.”

           It is one of the biggest factor in procrastination

           Here are two solid method’s to deal with it:

  1. Commit Now
    • “Throw away the key” or close off tempting alternatives
    • Make failure really painful, set aside money you will lose if you don’t meet your goals and ensure you have an outside reference to decide whether you met your goal or not. Set things up so that your money goes to an organization you hate, if you fail and your chosen referee will post the details of it on Facebook if you don’t meet your goal.
  2. Set Goals – You are smart so set SMART (Specific, Measurable, Attainable, Realistic, and Time-Anchored) goals, but remember Attainable is Redundant with Realistic, and Specific is Redundant with Measurable and Time-Anchored. However, goals should be challenging, meaningful and output focused, in X time, product is Y.

Conclusion:

To beat procrastination, you need to be increase your motivation to do each task on which you are tempted to procrastinate. To do that, you can (1) optimize your optimism for success on the task,(2) make the task more pleasant, and (3) take steps to overcome your impulsiveness. And to do each of those things, use the specific methods explained above (Set goals, pre-commit, make use of success spirals, etc.)

About Author: Dr. Piers Steel is one of the world’s leading researchers and speakers on the science of motivation and procrastination. Winner of the Killam Emerging Research Leader award, he is considered the top new professor at the University of Calgary, where he teaches human resources and organizational dynamics at the Haskayne School of Business. He has been studying procrastination and its impact for more than ten years—and spent the decades before that as a procrastinator himself. Dr. Steel’s research has been reported thousands of times around the world, ranging from Psychology Today and New Scientist to Good Housekeeping and The New Yorker. He lives in Calgary, Alberta, with his wife and two sons.

The Procrastination Equation will teach you how to bust the excuses that are preventing you from doing your best work and living your best life….So don’t put it off any longer

 —Daniel H. Pink

Procrastination Equation

The Procrastination Equation – Part I

How to stop putting things off and start getting stuff done…

95% of us procrastinate, but interestingly perfectionists aren’t the guilty ones.

Sam, quite talented, positive, but yet to make his first sale, the rejections after rejections demoralized him. He organizes his desk, surfs the internet, keep presentations ready, and puts off his cold calls until potential clients are leaving for the day

In other department, Sarah, stares at the blank page of word doc, her write up for VP speech is due tomorrow is boring. She takes a break, go out, watch movies to find herself even less motivated to write than before. She dives in at mid night, pressing deadline, results into a terrible essay

Next lane, Jobish, Got all his preparations done for his vacation to Singapore, visa, plane tickets, shopping for wife and kids. He still needs to book a hotel room, which can be done anytime, it hardly takes time.  He keep delaying it, work projects deadlines took over and forgets about it altogether. It’s time to leave tomorrow, while packaging he recalls to book the room, but there are none by the beach, which his wife needed specifically.

“This book is about every promise you made to yourself but broke.”

The Procrastination Equation by Dr. Piers Steel is one of the best motivation and procrastination books.

Steel is one of the world’s leading researchers on the science of motivation and procrastination and the inventor of the procrastination equation – an equation that is able to explain every scientific finding on procrastination ever.

This book is about hacking motivation and getting ourselves motivated for anything we want. It’s a great read with lots of practical advice for improving our lives.

Sam, Sarah and Jobish are procrastinators, but in different ways.

Sam’s problem is “low expectancy”. He expects failure, and low expectancy of success from making next round of cold calls. Results from 39 procrastination studies show that low expectancy is a major cause of procrastination.

Sarah’s problem is “low value” of task for her. Taking a break, watching shows is easy, but it’s not easy to start doing your taxes. Dozens of scientific studies shows that, we put off things we don’t like to do.

However, Jobish’s problem is strongest predictor if procrastination. Jobish could have booked the hotel in advance. Work and other distractions with urgency, until last minute, left him with poor selection of rooms. Several Studies have shown that procrastination is closely tied to Impulsiveness


(image source: www.procrastinators-united.tumblr.com)

Impulsiveness fits into a broader component of procrastination: time.

An event’s impact on our decisions decreases as it’s temporal distance from us increases. We are less motivated by delayed rewards than by immediate rewards, and the more impulsive you re,the more your motivation is affected by such delays

Expectancy, Value, Delay, and impulsiveness are the four major components of procrastination. Author Piers Steel, a leading researcher on procrastination, explains:

Decrease the certainty or the size of a task’s reward – its expectancy or its value – and you are unlikely to pursue its completion with any energy. Increase the delay for the task’s reward and our susceptibility to delay – impulsiveness – and motivation also dips.

This leaves us with “the procrastination equation”:

Motivation = (Expectancy x Value) / (Impulsiveness x Delay)

Increase the size of a task’s reward (including both the pleasantness of doing the task and the value of its after-effects),and your motivation goes up. Increase the perceived odds of getting the reward, and your motivation also goes up

Hence the denominator, which covers the effect of time on our motivation to do a task. The longer the delay before we reap a task’s reward, the less motivated ware to do it. And the negative effect of this delay is amplified by our level of impulsiveness. For highly impulsive people, delays do even greater damage to their motivation

The Procrastination Equation into Action

As an example, consider a final semester student who has an idea to make some products wants to get into startup world after graduating. Unfortunately, for him, there could be lots of components storming into procrastination.

Getting into startup is exhaustive (low value)

The results are uncertain (low expectancy)

And you never know how long it will take to get traction (high delay). Until then how will you survive?

But there’s more. Parents, relatives, friends in general, might be the most distracting people on earth. There are always pleasures to be had with a job and fixed salary income (weekend party’s with friends, clubbing, games, events, outing with family etc.). Now wonder that starting one’s own company is hell of a job to think and venture into and it can’t be done. These potent distractions amplify the negative effect of the delay in the task’s reward and the negative effect of the student’s level of impulsiveness.

So the question is How to beat Procrastination?

But How?

Stay tuned to learn this in Part-II of this blog

Till then, happy reading…!!

About Author: Dr. Piers Steel is one of the world’s leading researchers and speakers on the science of motivation and procrastination. Winner of the Killam Emerging Research Leader award, he is considered the top new professor at the University of Calgary, where he teaches human resources and organizational dynamics at the Haskayne School of Business. He has been studying procrastination and its impact for more than ten years—and spent the decades before that as a procrastinator himself. Dr. Steel’s research has been reported thousands of times around the world, ranging from Psychology Today and New Scientist to Good Housekeeping and The New Yorker. He lives in Calgary, Alberta, with his wife and two sons.

(feature image source: www.learnfromblogs.com)

SaaS

Is it worth using a SaaS Product?

(feature image credit: www.brainvire.com)

Global SaaS market is expected to reach $436.9 billion in 2025 !!

As per CrunchBase There are 15,529 SaaS companies in the world until june 2020.

What is SaaS?:

  • The Software as a Service (SaaS) market consists of sales of cloud based software services.
  • SaaS is a software solution which can be purchased on a subscription or pay per use basis to use an application for organizational purposes
  • Customers can access this application over internet, mainly through a web browser

SaaS allows an organization to run an application at minimal upfront cost and speeds up overall functionality of the organization, get better performance, compliance and customer satisfaction.

The introduction of artificial intelligence is also gaining great popularity in the SaaS market

AI helps SaaS companies create better user experience through predictive analytics, automate manual functions and personalize user interface features

Major global players in the software as a service (SaaS) market are Salesforce, ServiceNow, Microsoft, Google, Cisco etc.

Rapid changes in business dynamics like economic uncertainty, competitive rivalry, increasing adoption of mobile, changing regulations, internet usage and applications in the market are expected to benefit the software as a service (SaaS) market

Basic Product Management Skills required for SaaS!!

1.  General understanding of data – Not much expected!! But just how to read data and interpret data accurately

2.  Industry insights & KPIs – One need to have the market knowledge and industry trends and also being able to set and track key KPIs which depicts performance

3.  Strategic thinking – Much Needed!! In understanding and defining the company’s vision and then working towards that vision with realistic and achievable goals

4.  Business Acumen – It doesn’t demand a degree but basic business skills to know about ins and outs of your product, company performance which directly or indirectly impacts your product and its development.

5.  Design & User Experience Knowledge – To create an awesome experience for customers, a decent knowledge of UX design is mandatory as it dictates the success of the company

6.  Core skills – A Communicator, Negotiator, Listener, able to handle criticism and feedback.

(image credit: www.riministreet.com)

The Pros and Cons of SaaS based products

Here are the answers:

The Pros

  • Cost – Fixed, Small, affordable, easy to absorb, no surprises, feature based, makes it apt for SMBs
  • Maintenance- Publisher’s responsibility, Automated, latest version advantage, no additional cost
  • Mobility – Accessible from anywhere where there is a network, attentive to a mobile work place

The Cons

  • Security – safeguarding the data is business’s responsibility. Mobility has been creating challenges for business wrt data security. There is a need for strong endpoint security with rise in the SaaS applications. Today the apps are required to be used on the go by employees making it more vulnerable to malicious attacks
  • Contractual Obligations – It needs to be monitored by Business on terms of over usage which may lead to surprise cost or penalties. Hence over-usage needs to be tracked
  •  Loss of control-Unlike perpetual apps, SaaS apps are controlled by publishers and compliance are being audited and may result in financial repercussions

Confused?

Whether to use it or not?

The answer is YES. It’s worth..

Just have a proper process in place to manage the software assets. Monitor it, Track it and ensure compliance