![]() Financial Daily from THE HINDU group of publications Monday, Mar 22, 2004 |
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Mentor
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Books Columns - Reading Room Leaders must look to see if there are followers D. Murali
That may sound anachronistic, but here's the clue: "By raising your leadership ability, without increasing your success dedication at all, you can increase your original effectiveness by 500 per cent." So, what is this leadership ability? It is "the lid on personal and organisational effectiveness" and you can raise it. "Becoming a leader is not like investing successfully in the stock market," so you can't pick up the phone and get your broker to help. And it may come as a shock for many leaders that "at some point in life, we are placed in a leadership position only to look around and discover that no one is following us." Leaders need to prioritise and a common misconception is that it is a one-time job. No, "priorities continually shift and demand attention." Maxwell proposes 3 Es to keep priorities in place: "Evaluate: Every month review the three Rs requirements/ return/ reward. Eliminate: Ask yourself, "What am I doing that can be done by someone else?" Estimate: What are the top projects you are doing this month and how long will they take?" Next E, enquire: Find out where the book is available.
Not miles, only inches
The book outlines more than forty gaps "most of us will encounter at some point in our lives" and offers practical ideas to resolve. "Balance in life is not a math problem; it is a design problem. It is not a willpower issue; it is a discipline issue. Closing the Gap is about discovering what is truly important and then designing a plan to deal with it." The part that deals with `maximum wealth' begins with three laws to help you develop discipline with your money. "Law 1 Track your cash outflow: Until we start tracking where our money goes, we will not know how much we are spending or what we are buying. Law 2 Understand the cost of waiting: Start saving today. Law 3 Understand the power of compounding: The wealth-building mantra is pay now, play later, and invest the difference. When money is left undisturbed over time, it can actually outpace the amount of your current contributions." On the clichéd topic of time management what has the author to say? For a `life-productive behaviour', clarify your values. "Name five things that are important to you." And do time blocking: "Decide in advance what your day will look like," because "you cannot manage time with Post-it notes, scribbled `to-do' checklists, or electronic gadgetry." Useful reading at least to identify one's own gaps.
From inventor to challenger
And it has two messages: "It's results that matter; and sustained results require a leader to appropriately balance priorities for the organisation's particular circumstances." A leader who does not focus on results gets "beguiled by style, past practices, and management fads." Business priorities help in result-focus. At times leaders put `simplicity' on a pedestal, and aim at solutions that are quick and cheap. "Wishing for a simple answer, however, will not make one appear or make it work. Solutions are part of a complicated environment." Priorities have to reflect the lifecycle of the organisation. Thus, at inception, you need an inventor; during growth, a catalyst; for stature, a developer; during prime, a performer; at maturity, a protector; and for renewal, a challenger. The last one is only too relevant for today's context because the challenger serves as "an organisational harbinger, announcing trends, looking at evolving circumstances, or examining ramifications to prepare for the future." As Stephen Covey has observed, the book is `insightful'.
Thinking about thinking
What's so great about reasons? They `get your foot in the door'. "Ignorance is not so bad; it is only a temporary affliction. Unreasonableness, on the other hand, is seen as a chronic condition." Chapter 5 is titled: "Nonsense: Viruses in our knowledge; emptiness in our talk". It explores contradictions that lie at the heart of inconsistency. "Whereas plain falsehoods are contingently false, contradictions are necessarily false." Thus, a lethal weapon against an argument is to spot a contradiction. "Looking for inconsistency is one of the most basic and powerful strategies of discourse. The search, which should be relentless, is the very signature of the critical thinker." Perhaps, this is what tax planners do when looking for loopholes.
Managing is not leading
How are leaders different from managers? "Leaders are people who do the right thing; managers are people who do things right. Both roles are crucial, and they differ profoundly. I often observe people in top positions doing the wrong things well." Thus, you find around cases of companies that are underled and overmanaged. A useful book to read and check if you're only managing when you're supposed to be leading. (Books courtesy: Magna Publishing Co Ltd. www.magnamags.com) Tailpiece "I saw a picture that said not a thousand vague words but only two." "Uh... " "Poor quality."
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