Common Mistakes CEOs make

August 15, 2006

Jim White, consultant to the world’s largest corporations, including AT&T, Kinko’s, Sprint, Rolls Royce, Volvo, United Way, Pacific Stock Exchange and PricewaterhouseCoopers, identifies the top mistakes CEOs make on a daily basis — and what to do about them.

* TIME MANAGEMENT – Do you know how to get up to 2 hours back each day by avoiding time traps?

* FAVORITISM – Do you always have lunch with the same group of employees?

* COMMUNICATION – Do you take time to talk with your employees? Do you understand their role in the company?

* VALUES – Do you allow your employees to “break the rules” here and there?

* WEAK LINKS – Do you get rid of the dead weight or do you allow complacency?

* DEATH BY MEETING – Do your meetings bore you to tears? Are they effective?

* ACCOUNTABILITY – Do you take the heat or do you pass the buck?

* VISION – Do your employees know where the company will be in five years?

Lefties have it

August 12, 2006

Left-handed men, often seen as having an advantage over right-handed counterparts in sports like tennis, also enjoy much better paydays, a new study says.

Left-handed men with at least some college education earned 15 percent more than similarly educated right-handers, while those who finished college earned about 26 percent more, wrote Christopher S. Ruebeck of Lafayette College, and Joseph Harrington and Robert Moffitt of Johns Hopkins University in a paper published by the National Bureau of Economic Research.

There are “several suggestive and economically and statistically significant results that suggest further support for the notion that handedness matters,” they wrote. “We do not have a theory that reconciles all of these findings.”

The researchers did not find a similar effect among women.

The data used for the study were hourly earnings taken from the National Longitudinal Survey of Youth, a set of surveys including individuals aged 14-21 in 1979 who were interviewed every year until 1994 and every other year thereafter.

Record Setting Broadband Additions

July 14, 2006

Friday, July 14, 2006

First Quarter of 2006 Continues Record Setting Broadband Additions A recent newsletter from the Leichtman Research Group, citing the LRG updated study, Broadband Across the U.S., shows that cable and DSL providers in the U.S., representing about 94% of the market, acquired a record 3.06 million net additional subscribers in the first quarter of 2006. The top broadband providers now account for nearly 46 million high-speed Internet subscribers, with cable having nearly 25.8 million broadband subscribers, and DSL having about 20.2 million.

Other key findings for the quarter include:

  • The top DSL providers added a record 1.66 million subscribers, representing 54% of the net broadband additions for the quarter versus cable
  • The top cable providers also had a record quarter with over 1.4 million subscribers added
  • DSL providers have added more broadband subscribers than cable providers in each of the last six quarters, acquiring over 1.1 million more subscribers than cable during this period, but the top cable broadband providers maintain a 5.6 million subscriber advantage over DSL and have a 56% share of the US residential broadband market versus DSL

In related broadband research, LRG found that as of the middle of last year:

  • 85% of cable broadband lines had speeds of over 2.5 mbps in the fastest direction, compared to 14% of DSL lines
  • Approximately 11.5% of DSL subscribers were non-residential, compared to 1.8% of cable subscribers
  • The top five states in residential broadband penetration were Connecticut, New Jersey, Hawaii, Massachusetts and California
  • The bottom five states in residential broadband penetration were Mississippi, South Dakota, North Dakota, Kentucky and Montana

The first quarter of 2006 was the best ever for both DSL and cable broadband providers in net additions of total broadband subscribers, according to recent information culled from a variety of sources, including the Federal Communications Commission (FCC) and others.

What is the right number?

June 29, 2006

Is Your Team Too Big? Too Small? What’s the Right Number?

When it comes to athletics, sports teams have a specific number of team players: A basketball team needs five, baseball nine, and soccer 11. But when it comes to the  workplace, where teamwork is increasingly widespread throughout complex and expanding organizations, there is no hard-and-fast rule to determine the optimal number to have on each team.

Should the most productive team have 4.6 team members, as suggested in a recent article on “How to Build a Great Team” in Fortune magazine? What about naming five or six individuals to each team, which is the number of MBA students chosen each year by Wharton for its 144 separate learning teams? Is it true that larger teams simply break down, reflecting a tendency towards “social loafing” and loss of coordination? Or is there simply no magic team number, a recognition of the fact that the best number of people is driven by the team’s task and by the roles each person plays?

“The size question has been asked since the dawn of social psychology,” says Wharton management professor Jennifer S. Mueller, recalling the early work of Maximilian Ringelmann, a French agricultural engineer born in 1861 who discovered that the more people who pulled on a rope, the less effort each individual contributed. Today, “teams are prolific in organizations. From a managerial perspective, there is this rising recognition that teams can function to monitor individuals more effectively than managers can control them. The teams function as a social unit; you don’t need to hand-hold as much. And I think tasks are becoming more complex and global, which contributes to the need for perspective that teams provide.”

Each Person Counts

While the study of team size is one of her areas of concentration, Mueller and other Wharton management experts acknowledge that size is not necessarily the first consideration when putting together an effective team.

“First, it’s important to ask what type of task the team will engage in,” Mueller says. Answering that question “will define whom you want to hire, what type of skills you are looking for. A sub-category to this is the degree of coordination required. If it’s a sales team, the only real coordination comes at the end. It’s all individual, and people are not interdependent. The interdependence matters, because it is one of the mechanisms that you use to determine if people are getting along.”

Second, she says, “what is the team composition? What are the skills of the people needed to be translated into action? That would include everything from work style to personal style to knowledge base and making sure that they are appropriate to the task.”

And third, “you want to consider size.” The study of optimal team size seems to fascinate a lot of businesses and academics, primarily due to the fact that “in the past decade, research on team effectiveness has burgeoned as teams have become increasingly common in organizations of all kinds,” writes Wharton management professor Katherine J. Klein, in a paper titled, “Team Mental Models and Team Performance.” The paper, co-authored with Beng-Chong Lim, a professor at Nanyang Business School, Nanyang Technological University, Singapore, was published in January 2006 in the Journal of Organizational Behavior. 

In an interview, Klein acknowledges that when it comes to team size, each person counts. “When you have two people, is that a team or a dyad? With three, you suddenly have the opportunity to have power battles, two to one. There is some notion that three is dramatically different from two, and there is some sense that even numbers may be different from odd numbers, for the same reason. My intuition is that by the time you are over eight or nine people, it is cumbersome and you will have a team that breaks down into sub-teams. Depending on the group’s task, that could be a good thing or that could not be right. There is a sense that as a team gets larger, there is a tendency for social loafing, where someone gets to slide, to hide.”

Ringelmann’s famous study on pulling a rope — often called the Ringelmann effect — analyzed people alone and in groups as they pulled on a rope. Ringelmann then measured the pull force. As he added more and more people to the rope, Ringelmann discovered that the total force generated by the group rose, but the average force exerted by each group member declined, thereby discrediting the theory that a group team effort results in increased effort. Ringelmann attributed this to what was then called “social loafing” — a condition where a group or team tends to “hide” the lack of individual effort.

“After about five people, there are diminishing returns on how much people will pull,” says Mueller. “But people, unless they are not motivated or the task is arbitrary, will not want to show social loafing. If the task is boring and mundane, they are more likely to loaf. If you tell executives this, they say, ‘One of the things I’m worried about is loafing and free riding.’ Whereas social loafing is decreased effort in a group context relative to individual context, free riding is rational and self-interested. If a person is not going to be rewarded, they say, ‘I’m going to free ride’ and they don’t participate as much. The two concepts are hard to distinguish, but they are just different ways to measure similar outcomes.”

The Number Six

Evan Wittenberg, director of the Wharton Graduate Leadership Program, notes that team size is “not necessarily an issue people think about immediately, but it is important.” According to Wittenberg, while the research on optimal team numbers is “not conclusive, it does tend to fall into the five to 12 range, though some say five to nine is best, and the number six has come up a few times.”

But having a good team depends on more than optimal size, Wittenberg adds. For instance, when Wharton assigns five to six MBA students to individual teams, “we don’t just assign those teams. We make sure they can be effective. We have a ‘learning team retreat’ where we take all 800 students out to a camp in the woods in upstate New York and spend two days doing team building and trust building exercises. I think this is what people forget to do when they create a team in a business — spend a lot of time upfront to structure how they will work together. We get to know each other and share individual core values so we can come up with team values. But most importantly, we have the students work on their team goals, their team norms and their operating principles. Essentially, what are we going to do and how are we going to do it?”

In the work world, says Wittenberg, it has been “reinforced that five or six is the right number (on a team). At least for us, it gives everyone a real work out. But frankly, I think it depends on the task.”

Recent research by Mueller would seem to support Wittenberg’s notion that preparation for team success is vital. In a recent paper, “Why Individuals in Larger Teams Perform Worse,” Mueller channeled Ringelmann’s theories on large group efforts and tried to explain why the title of her paper is true. For decades, researchers have noted that mere changes in team size can change work-group processes and resulting performance. By studying 238 workers within 26 teams, ranging from three to 20 members in size, Mueller’s research replicates the general assertion that individuals in larger teams do perform worse, but she also offers an explanation for this conclusion.

“Understanding the reasons why individuals in larger teams in real work settings perform worse may be one key to implementing successful team management tactics in organizations, since research shows that managers tend to bias their team size toward overstaffing,” she writes. In addition, “individual performance losses are less about coordination activities and more about individuals on project teams developing quality relationships with one another as a means of increasing individual performance. Because research on teams in organizations has not examined team social support as an important intra-team process, future research should examine how team social support fits in with classic models of job design to buffer teams from negative influences and difficulties caused by larger team size.”

But is there an optimal team size? Mueller has concluded, again, that it depends on the task. “If you have a group of janitors cleaning a stadium, there is no limit to that team; 30 will clean faster than five.” But, says Mueller, if companies are dealing with coordination tasks and motivational issues, and you ask, ‘What is your team size and what is optimal?’ that correlates to a team of six. “Above and beyond five, and you begin to see diminishing motivation,” says Mueller. “After the fifth person, you look for cliques. And the number of people who speak at any one time? That’s harder to manage in a group of five or more.”

Diversity: Bad for Cohesion?

Klein’s recent research has looked at another confusing area when it comes to teams — the value of diversity. Various theories suggest that diversity represented by gender, race and age leads to conflict and poor social integration — while various other studies suggest just the opposite. “The general assumption is that people like people who are similar to themselves, so there is a theory to suggest that a lot of diversity is bad for cohesion,” says Klein. “But there is also a theory that says diversity is great, that it creates more ideas, more perspectives and more creativity for better solutions.”

In their own research, Klein and Lim find a distinct value in having some similarity between team members. The authors describe how “team mental models — defined as team members’ shared, organized understanding and mental representation of knowledge about key elements of the team’s relevant environment — may enhance coordination and effectiveness in performing tasks that are complex, unpredictable, urgent, and/or novel. Team members who share similar mental models can, theorists suggest, anticipate each other’s responses and coordinate effectively when time is of the essence and opportunities for overt communication and debate are limited. Our findings suggest that team mental models do matter. Numerous questions remain, but the current findings advance understanding of shared cognition in teams, and suggest that continuing research on team mental models is likely to yield new theoretical insights as well as practical interventions to enhance team performance,” the researchers write.

Wharton management professor Nancy P. Rothbard has a similar theory on what she calls “numerical minorities” — including gender, race, age and ethnic groups. “Often times, a numerical minority can appear to be less threatening because it’s not unexpected that someone who is different from you has different viewpoints. But if they are more similar to you and they disagree with you, some groups find that more upsetting. It can raise the level of conflict on a team. That’s not necessarily a bad thing, if the conflict doesn’t get in the way of being able to think through a problem and do what needs to be done.”

Klein has also looked into what factors determine who becomes important to a team. The single most powerful predictor? Emotional stability. “And the flip side is neuroticism. If someone is neurotic, easily agitated, worries a lot, has a strong temper — that is bad for the team.”

Within a company, individual teams often begin to compete against each other, which Wittenberg finds can be troublesome. “One of the problems is the in-group, out-group problem,” he says. “Depending on how we identify ourselves, we can be part of a group or separate from a group. At many companies, the engineering group and the marketing group are very much at odds. But at the same time, if you talked about that company vs. another company, the teams are together, they are more alike than the people at the other company. Teams are sometimes more siloed within a company and they think they are competing with each other instead of being incentivized to work together.”

When it comes to creating a successful team, “teams that rely solely on electronic communication are less successful than those that understand why communication in person is important,” says Wittenberg. “Email is a terrible medium… . It doesn’t relate sarcasm or emotion very well, and misunderstandings can arise. There is something very important and very different about talking to someone face-to-face.”

While teams are hard to create, they are also hard to fix when they don’t function properly. So how does one mend a broken team? “You go back to your basics,” says Mueller. “Does the team have a clear goal? Are the right members assigned to the right task? Is the team task focused? We had a class on the ‘no-no’s of team building, and having vague, not clearly defined goals is a very, very clear no-no. Another no-no would be a leader who has difficulty taking the reins and structuring the process. Leadership in a group is very important. And third? The team goals cannot be arbitrary. The task has to be meaningful in order for people to feel good about doing it, to commit to the task.” Published: June 14, 2006 http://knowledge.wharton.upenn.edu

Armenia: 1983

June 27, 2006

memorial.jpg

Time to let go

June 27, 2006

(Originally written in 2005)

Slowly brushing my fingers along the water

Your smoothness – like a stone in the ocean.

Your warmth –afternoon rays on my forehead.

You glide across the bay,

while the wooden rocker protects.

An occasional wake and

I hear your tears against the rocks,

An occasional splash.

As you go out to sea,

I reach, knowing you prefer to go it alone (right now).

The sails, the wind, the silence

You know that here are two kinds of stability:

The feeling of silence across the waters,

-so please stay seated.

The second type places you

In rapids and eases you into balance

-so just roll with it, it only gets better.

The lighthouse watches and waits,

Knowing that you will make it to shore.

So, just paddle home, paddle away

Reduce the drag and let the current glide you..

Maybe even safely into my arms.

Let the current tell you,

I will always make sure there is no harm?

Let the current tell you

I will always be there,

whether or not you care.

2006 (or at least the second half) =’s Streaming Media and Video downloads

June 27, 2006

2006 will mark the year in which streaming media and video downloads becomes mainstream. The adoption of broadband over the last two years laid the path for content publishers to distribute full length videos, TV shows, sporting events, and other rich media content to consumers. Broadband now reaches two-thirds of home Internet users vs. 50% a year ago. Additionally, with consumers spending greater amounts of time on the Internet (Internet users watch 5 fewer hours of TV per week than non-users), the content publishers now realize that the Internet is a key distribution channel. While the lack of video home-networking solutions limits the ability to watch programming on the TV today, newer solutions introduced over the next few years could greatly expand the appeal of video downloads and steaming media. Over the last 6 months a number of content publishers beginning to embrace video downloads and streaming media.

Notes on Buddhism (just random)

June 26, 2006

Buddhism: 1) Hinayana (Sri Lankan, Thailand, Burma, etc.) and 2) Mahayana (Tibet, which has four divisions: Gelung, Nymgma, Kagyu and Sekya)

By the end of 16th century, Geluk had become the most dominant school of Tibetan Buddhism, amidst strife amongst sects of Buddhism, (and particularly the forcible converting to Gelug of the Jonang branch of the Sakya school), and from the period of “The Great Fifth” in the 17th century until the Chinese takeover in 1949, the Dalai Lamas held political over central Tibet.

The four noble Truths:

  1. “Now this, monks, is the noble truth of suffering: Birth is suffering, aging is suffering, illness is suffering, death is suffering; union with what is displeasing is suffering; separation from what is pleasing is suffering; not to get what one wants is suffering; in brief, the five aggregates subject to clinging are suffering.
  2. Now this, monks, is the noble truth of the origin of suffering: It is this craving which leads to renewed existence, accompanied by delight and lust, seeking delight here and there; that is, craving for sensual pleasures, craving for existence, craving for extermination.
  3. Now this, monks, is the noble truth of the cessation of suffering: It is the remainderless fading away and cessation of that same craving, the giving up and relinquishing of it, freedom from it, non-reliance on it.
  4. Now this, monks, is the the noble truth of the way leading to the cessation of suffering: it is this Noble Eightfold Path; that is, right view, right intention, right speech, right action, right livelihood, right effort, right mindfulness, right concentration.”[2][5]

Pulling the bouy to shore

June 26, 2006

Pulling the bouy to shore

Restless,

Bobbing along the surface,

Threatening to capsize and sink

Above and below the surface at the same time

The wind sprays water against my face,

And she thinks I am crying for her

The moon light breaks through and keeps me awake

I am restless and feeling as if I will capsize

And never be able to do it over

I have to let go,

I wait for the evening man

To motor out along side me

Motor out and drag me along the surface

And to the shore

Drag me along the shore

And pull me up on the surface of the sand

I can hear the scratching sound

I feel as if I should walk up the path

And knock on her door

And tell her to come out and play

Aware of my breath

June 26, 2006

(Originally written in 2003, but am in the process of moving over to WordPress)

Always aware of my breath,

Starting when I hit the ground,

Stared up at cousin,

Who brought me back to life.

Always aware of my breath,

At a face off to calm down,

Swimming the length of the lake,

Or lying on my back in pain.

Always aware of my breath,

Especially in the afternoon sun,

When I lie on my back,

Put my hands on my chest and

Fill them as I inhale

I have always been aware of my breath,

even though they never stopped and thought about the rest.