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Name of author Rick Baker, P.Eng.

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2 Ways to Inject Value Into Your Business

by Rick Baker
On Jan 31, 2013

There are 2 ways to inject Value into your business.

When you boil it down - when you seek simple & boil it down - there are only 2 ways to inject Value into your business.

To inject Value into your business:

  1. You can improve the way you perform Routine work and
  2. You can improve the way you perform not-Routine work.
Both of these 2 types of work can be strategic and tactical; both of these 2 types of work can be thinking-work and action-work.
 
Again seeking simple, there are 3 types of work:
  • Routine work...work that is systematized and handled with pre-defined process...the process may be formal [as examples: work-process manuals & checklists]...the process may be informal [as an example: word-of-mouth]
  • not-Routine work...work that is intentionally done without systematization and process [examples include: skunk work, innovation, & creative thinking]
  • Gray-Zone work...work that is neither Routine nor not-Routine...it is work that is neither prescribed nor expected...it may be beneficial & it may be wasteful...it may involve pleasant surprises & it may involve unpleasant surprises...it may go without saying or it may be ignored...this works tends to happen to us rather than happen by us [examples include: firefighting, Ho-Hum actions, & browsing the Internet]
 
Leaders need to create business cultures that promote:
  • improved Routine work,
  • improved not-Routine work, &
  • reduced Gray-Zone work.
The keys to getting this done...

For Routine work:
  • help your people understand the Routine work is an essential ingredient of success
  • show your people how Routine work serves its goal-oriented purpose
  • identify your people's talents & strengths and make sure their roles & tasks align with individual talents & strengths
  • keep an eye on each individual's motivation...are individuals self-motivated? If Yes, then good. If No, then Why? Is this individual one of those people who has been soured by a poor past experiences with supervisors, managers, & leaders? You can or at least may be able to overcome that. Is this individual soured by life? You will not be able to overcome this. Is this person un-motivated because Routine work does not align with his of her Talents & Strengths? If so then you will need to address that by using strengths-based-business techniques. [i.e., remove the Gray-Zone]
For not-Routine work:
  • help your people understand not-Routine work is the best way to inject Value into your business
  • help your people feel comfortable taking risks & accepting failures...build or re-build trust in open communication
  • provide people the time they will need to learn and practice creative thinking
  • educate your people about creative thinking...you may be the first person who has helped them this way so make sure it is done right [non-judgmental environment...making sure every creative experience is enjoyable]
  • know your people's Talents & Strengths
  • separate Ideation & Intellection
  • reward ideas & insight
  • again, make sure it is fun or it will fail!
Of course...there are many more ways to improve performance of Routine work and not-Routine work.
 
Here's the big picture... 

Note: in real life the performance curve is blurry...this is not an exact science...this is directionally correct.
 

Tags:

Seeking Simple! | Thinking as in Think and Grow Rich

Thought Tweet #663

by Rick Baker
On Jan 30, 2013

Thought Tweet #663 When using the past to predict the future, choose only the proper pieces of your past as guides.

 

The Thinking Behind The Tweet

People love to make predictions... https://rickbaker.ca/post/2012/12/18/Thought-Tweet-632.aspx

"Rational behavior, in particular, depends upon a ceaseless flow of data from the environment. It depends upon the power of the individual to predict, with at least fair success, the outcome of his own actions. To do this, he must be able to predict how the environment will respond to his acts. Sanity, itself, thus hinges on man's ability to predict his immediate, personal future on the basis of information fed him by the environment."

Alvin Toffler, 'Future Shock', (1970)

 

Tags:

Change: Creating Positive Change | Thought Tweets

@GKWCC #CEOP2P: TRUST - without it, there is no truth in business.

by Rick Baker
On Jan 30, 2013

The @GKWCC #P2P series of thought tweets contains ideas, quotes, & suggestions provided by local business leaders at "CEO Peer-to-Peer" group meetings, sponsored by the Greater Kitchener Waterloo Chamber of Commerce.

The goals of the thought tweets: to help local business leaders and to promote the sharing of business thoughts.

The thoughts expressed are not opinions of the Greater Kitchener Waterloo Chamber of Commerce...they are opinions of local business leaders who are Chamber members and participate in the Chamber's CEO P2P program.

Tags:

Greater KW Chamber - CEO P2P Groups | Leaders' Thoughts

Squeezing Value Out of Each & Every Workday

by Rick Baker
On Jan 29, 2013

On average, how do you spend your workday:

 

_____% doing step-by-step routine work?

_____% fixing problems that followed your routine work? 

_____% fixing problems that followed someone else's routine work?

_____% handling emergencies?

_____% tackling opportunities?

_____% planning & organizing...for your organization's future?

_____% creating & choosing Ideas for future products & services?

_____% leading, mentoring, & coaching?

100% 

 

We haven't shaken off the economic doldrums because the pie chart for many leaders looks something like this:

 

Thought Tweet #662

by Rick Baker
On Jan 29, 2013

Thought Tweet #662 Unknowns: it's a good thing we only have to deal with them when we solve problems, do tasks, & think creatively.

 

The Thinking Behind The Tweet

I've read there are 3 types of knowledge:

  • knowledge we know we know
  • knowledge we know we don't know
  • knowledge we don't know we don't know
If we didn't have those things we know then everything would be unknown.

 

Tags:

Humour | Thinking as in Think and Grow Rich | Thought Tweets

@GKWCC #CEOP2P: TRUST - if you don’t have trust at your organization it is pretty difficult to discern what’s real.

by Rick Baker
On Jan 29, 2013

The @GKWCC #P2P series of thought tweets contains ideas, quotes, & suggestions provided by local business leaders at "CEO Peer-to-Peer" group meetings, sponsored by the Greater Kitchener Waterloo Chamber of Commerce.

The goals of the thought tweets: to help local business leaders and to promote the sharing of business thoughts.

The thoughts expressed are not opinions of the Greater Kitchener Waterloo Chamber of Commerce...they are opinions of local business leaders who are Chamber members and participate in the Chamber's CEO P2P program.

Copyright © 2012. W.F.C (Rick) Baker. All Rights Reserved.