Book Short: Must-Read for CXOs
Lead Upwards: How Startup Joiners Can Impact New Ventures, Build Amazing Careers, and Inspire Great Teams, by Sarah E. Brown, is an amazing book – and one that fits really well with our Startup Revolution series, in particular our book Startup CXO.
I kept thinking as I was reading it that it was the other side of the proverbial coin…that Startup CXO was about the details of each executive job in a company…but Sarah’s book is about the things common to ALL executive jobs – how to get them, how to succeed at them, essentially how to BE an executive. I read it front to back in a single day one weekend and loved it.
Some of the most insightful moments in her book are:
- Why big company executives who join startups often struggle
- How to get promoted by proactively doing the next job – act âas ifâ – while still excelling at your current job
- The importance of managing to the CEOâs preferred work style (personally…I’d debate this – I think CEO’s should manage to their CXOs’ work styles or at least make it a two-way street, but her point is very valid!)
- Why executives shouldn’t just up and quit with âtwo weeksâ noticeâ but that executives also need to be mentally prepared to be shown the door when they resign
- The importance of getting your hands dirty and not being “above” doing the work of your team
- Mastering the art of data-driven storytelling
Sarah quotes a number of CEOs throughout the book who I know and respect, from Nick Mehta at Gainsight to Mindy Lauck at Broadly. It was fun to read the book and see a number of very familiar names in it along the way.
Sarah and I did an interesting format – sort of a “dueling fireside chat” about our respective books on a webinar last fall. We had a fantastic conversation that could have gone on for hours. If you’re an executive – or an aspiring executive – you should go read her book.
Book Short: On Employee Engagement
Book Short:Â On Employee Engagement
The first time I ever heard the term “Employee Engagement” was from my colleague David Sieh, one of the better managers I’ve ever worked with. He said it was his objective for his engineering team. He explained how he tried to achieve it. I Quit, But forgot to Tell You, by Terri Kabachnick, is a whole book on this topic, a very short but very potent one (the best kind of business books, if you ask me).
It’s got all the short-form stuff you’d expect…a checklist of reasons for disengagement, an engagement quiz, the lifecycle of an employee that leads to disengagement, rules for dealing as a manager.
But beyond the practical, the book serves as a good reminder that employee engagement is the key to a successful organization, no matter what industry you’re in. All managers at Return Path — this is on the way to your desk soon!
Book Short: Required Reading
Book Short:Â Required Reading
The Leadership Pipeline, by Ram Charan, Stephen Drotter, and James Noel, should be required reading for any manager at any level in any organization, although it’s most critical for CEOs, heads of HR, and first-time managers. Just ask my Leaderhip Team at Return Path, all of whom just had to read the book and join in a discussion of it!
The book is easy to read, and it’s a great hands-on playbook for dealing with what the authors call the six leadersihp passages:
From Individual Contributor to Manager (shift from doing work to getting work done through others)
From Manager to Manager of Managers (shift to pure management, think beyond the function)
From Manager of Managers to Functional Manager (manage outside your own experience)
From Functional Manager to Business Manager (integrate functions, shift to profit and longer term views)
From Business Manager to Group Manager (holistic leadership, portfolio strategies, value success of others)
From Group Manager to Enterprise Manager (outward looking, handle external and multiple constituencies, balance strategic and visionary long-term thinking with the need to deliver short-term operating results)
All too often, especially in rapidly growing companies, we promote people and move them around without giving enough attention to the critical success factors involved in each new level of management. I’ve certainly been guilty of that at Return Path over the years as well. It’s just too easy to get trapped in the velocity of a startup someitmes to forget these steps and how different each one is. This book lays out the steps very neatly.
It’s also one of the few business books that at least makes an attempt — and a good one at that — at adapting its model to small companies. In this case, the authors note that the top three rungs of the pipeline are often combined in the role of CEO, and that Manager of Managers is often combined with Functional Managers.
Anyway, run, don’t walk, to buy this one!
Book Short: Gladwell Lite
Book Short:Â Gladwell Lite
What the Dog Saw, And Other Adventures (book, Kindle) is Malcolm Gladwell’s latest book. Unlike his three other books, which I quite enjoyed:
- The Tipping Point (about how trends and social movements start and spread)
- Blink (about how the mind makes judgments)
- Outliers: The Story of Success (about how talents are genetic, situational, and cultivated)
this was not a complete book, but rather a compendium of his New Yorker articles loosely grouped into three themes.
If you love Gladwell and don’t read The New Yorker, it’s not a bad read. He’s a fantastic writer, and his vignettes are interesting. There are many “hmmm” moments as we learn why ketchup always tastes the same but mustard doesn’t; why Ron Popeil is a great salesman of kitchen gadgets; or why the inventor of the birth control pill thought the Pope would endorse it. But it falls far short of his three books, which go deep into topics and leave a much more lasting impression/impact.
Book Short: The Joys of Slinging Hash
Book Short: The Joys of Slinging Hash
Patrick Lencioni’s The Three Signs of a Miserable Job is a good read, as were his last two books, The Five Temptations of a CEO (post, link), and The Four Obsessions of an Extraordinary Executive (post, link). They’re all super short, easy reads (four express train rides on Metro North got the job done), with a single simple message and great examples. This one is probably my second favorite so far.
This book, which has a downright dreary title, is great. It points to and proposes a solution to a problem I’ve thought about for a long time, which is how do you create meaning for people in their day to day work when they’re not doing something intrinsically meaningful like curing a disease or feeding the homeless. His recipe for success is simple:
– Get people to articulate the relevance in their jobs…the meaning they derive out of their work…an understanding of the people whose lives are made better, even in small ways, by what they do every day
– Get people to measure what they do (duh, management 101), IN RELATION TO THE RELEVANCE learnings from the last point (ahh, that’s an interesting twist)
– Get to know your people as people
All of these are things you’d generally read in good books on management, but this book ties them together artfully, simply, and in a good story about a roadside pizza restaurant. It also stands in stark contrast to the book I reviewed and panned a few days ago by Jerry Porras in that it is nothing but examples from non-celebrities, non-success stories — ordinary people doing ordinary jobs.
Brad has blogged glowingly about Death by Meeting, so I’ll probably make that my next Lencioni read next month, with two more to go after that.
Book Short: Plain Talk
Book Short: Plain Talk
An HR rock star I met with recently told me that âYou can say anything you want to your people, as long as itâs true,â which of course is great advice. Plain Talk: Lessons from a Business Maverick (book, kindle), by Ken Iverson, the long-time CEO of Nucor, pretty much embodies that. If youâre not familiar with Nucor, itâs a steel company â right, steel â and the most successful one of the last 50-75 years, at that. You may think an industrial company like this offers no lessons for you. If so, you are wrong.
The reason Nucor has been so successful, if you believe their long time leader, is that they run the people side of their business differently than most companies like them. Reading this book from the perspective of a knowledge worker business CEO was particularly interesting, since I had to transform my frame of reference a bit (and do a little mental time travel as well) in order to understand just how revolutionary Nucorâs practices were at the time.
But then I realized â theyâre still revolutionary today. How many companies â even the most progressive ones â donât have performance reviews because they donât need them in order to create a high performing environment? Companies that spend a good percentage of their time and energies thinking about how to get their employees to do their best work, as opposed to focusing only on the goals of the business, do better than those who donât. It doesnât matter what industry youâre in. As Patrick Lencioni would say, you can outbehave the competition.
Plain Talk is a really short book, and a good, authentic read if youâre a leader who cares about your people and wants to learn a few nuggets here and there from one of the 20th century masters of that discipline. Anyone that can link a high degree of delegation to authority has a story worth telling.
Book Short: the Garage Workbench of the Future
Book Short:Â the Garage Workbench of the Future
Makers:Â The New Industrial Revolution, by Wired Magazine’s Chris Anderson, author of The Long Tail (review, buy) and Free (review, buy) is just as mind expanding as his prior two books were at the time they were published. I had the pleasure of talking with Chris for a few minutes after he finished his keynote address at DMA2012 in Las Vegas this week, and I was inspired to read the book, which I did on the flight home.
 The short of it is that Anderson paints a very vivid picture of the future world where the Long Tail not only applies to digital goods but to physical goods as well. The seeds of this future world are well planted already in 3D printing, which I have been increasingly hearing about and will most likely be experimenting with come the holiday season (family – please take note!).
As someone who, like Anderson, tinkered with various forms of building as a kid in Shop at school and in the garage with my dad, it’s fascinating to think about a world where you can dream a physical product up, or download a design of it, or 3D scan it and modify it, and press a “make” button like you press a “print” button today on your computer, and have the product show up in your living room within minutes for almost nothing. This will change the world when the technology matures and gets cheaper and more ubiquitous. And this book is the blueprint for that change.
While we may look back on this book in 5 or 10 years, and say “DUH,” which is what many people would say now about The Long Tail or Free, for right now, this gets a WOW.
Book Short: Getting to MVP
Book Short:Â Getting to MVP
Usually, when we hear the term MVP, we think Most Valuable Player. But in my line of work, that acronym has come to mean something entirely different: Minimum Viable Product. Running Lean: Iterate from Plan A to a Plan That Works, by Ash Maurya, is an incredibly useful, practical how-to guide for any entrepreneur with an idea from concept through to MVP, or the smallest bit of functionality that you can get customers to pay for. This is one of the best books I’ve read that encapsulates most of the contemporary thinking and writing about product development in the early stages of a startup’s life from thought leaders like Steven Gary Blank and Eric Ries.
I read the book recently, as I was writing Startup CEO (original outline here), and I quoted liberally from it, including using his Lean Canvas graphic:
The basic principle behind the Lean Canvas is that the old way of doing a business plan was a ton of up front planning work, assuming you’re right, then building to spec. The new way of doing a business plan is a really short series of hypotheses on a single page, then the time is spent de-risking the plan by systematically testing each element of it out. The book includes several lists of checklists that walk you through how to test each box on the Lean Canvas. As I’ve written about before, checklists are a really powerful management tool.
This is an essential read for entrepreneurs just starting a business. But it’s also an excellent read for anyone running a growth company. We have adopted more and more agile/lean methodologies over time at Return Path, and all of our product teams use the Lean Canvas with any major new features and projects.
(Side note – I’m writing this post on Friday, May 10, which is the 9th anniversary of my publishing this blog – 760 posts and one draft book later, it’s still an integral part of my business life!)
Book Short: Less is More
Subtract: The Untapped Science of Less, by Leidy Klotz is a great read, and in concert with the philosophy of the book, this will be a short blog post.
The book’s basic premise is that less is more, addition by subtraction. The author’s examples range from the genius of the Strider Bike (bike without pedals) that allows 2-year olds to ride bikes to the Embarcadero in San Francisco. Many people don’t remember that that road used to be called the Embarcaro Freeway, a massive, ugly, two-tiered structure that blocked out the views and waterfront, and that the opportunity to tear down the whole thing following the massive 189 earthquake left San Francisco with a much simpler, beautiful, liveable waterfront by the Ferry Terminal.
There are many great takeaways in the book as well as an action plan for how to think about subtracting AND adding, not just adding, which is the normal reflex for humans, and I’d add ESPECIALLY for entrepreneurs!
We put these principles into action a couple weeks ago at Bolster. When we were crafting our 2024 plan, we worked methodically as a leadership team to reduce. We cut out words, but we also cut out topics and strategic initiatives. The end product was less than 50% the size (word for word) of the 2023 plan, and I think it’s much crisper, more memorable, and more actionable for our team than last year’s.
Hopefully over time, we will find more occasions to do less.
I’ll close with two of my favorite quotes, both of which were in the book. One is by Mark Twain, which is “I didn’t have time to write a short letter, so I wrote a long one instead.” The other is by Lao Tzu, which is âTo attain knowledge, add things every day. To attain wisdom, subtract things every day.â
Sometimes less takes more time. But it’s almost always more valuable.
Book Short â Blink part III – Undo?
Book Short â Blink part III – Undo?
I just finished reading Michael Lewisâs The Undoing Project: A Friendship That Changed Our Minds, and honestly, I wish I could hit Lifeâs Undo button and reclaim those hours. I love Michael Lewis, and heâs one of those authors where if he writes it, I will read it. But this one wasnât really worth it for me.
Having said that, I think if you havenât already read both Malcolm Gladwellâs Blink (review, buy) and Daniel Kahnemanâs Thinking, Fast and Slow (review, buy), then it might be worth it. But having read those two books, The Undoing Project had too much overlap and not enough âunderlapâ (to quote my friend Tom Bartel) â that is, not enough new stuff of substance for me. The book mostly went into the personal relationship between two academic thinkers, Daniel Kahneman and Amos Tversky. It also touched on some of the highlights of their work, which, while coming out of the field of psychology, won them a Nobel prize in Economics for illuminating some of the underlying mechanics of how we make decisions.
The two most interesting pieces of their work to me, which are related in the book, are:
First, that human decision-making is incredibly nuanced and complex, and that at least 25% of the time, the transitive property doesnât apply. For example, I may prefer coffee to tea, and I may prefer tea to hot chocolate, but that doesnât necessarily mean I prefer coffee to hot chocolate.
From the book, âWhen faced with complex multidimensional alternatives, such as job offers, gambles or [political] candidates, it is extremely difficult to utilize properly all the available information.â It wasnât that people actually preferred A to B and B to C and then turned around and preferred C to A. It was that it was sometimes very hard to understand the differences. Amos didnât think that the real world was as likely to fool people into contradicting themselves as were the experiments he had designed. And the choice created its own context: Different features might assume greater prominence in the mind when the coffee was being compared to tea (caffeine) than when it was being compared to hot chocolate (sugar). And what was true of drinks might also be true of people, and ideas, and emotions. The idea was interesting: When people make decisions, they are also making judgments about similarity, between some object in the real world and what they ideally want. They make these judgments by, in effect, counting up the features they notice. And as the noticeability of features can be manipulated by the way they are highlighted, the sense of how similar two things are might also be manipulated.â
Second, what Kahneman and Tversky called Prospect Theory, which is basically that humans are more motivated by the fear of loss as opposed to the greed of gain. Iâve written about the âFear/Greed Continuumâ of my former boss from many years ago before. Iâm not sure he knew about Kahneman and Tverskyâs work when he came up with that construct, and I certainly didnât know about it when I first blogged about it years ago. Do this experiment â ask someone both of these questions: Would you rather be handed $500 or have a 50% chance of winning $1,000 and a 50% of getting nothing? Then, Would you rather hand me $500 or have a 50% chance of owing me $1,000 and a 50% chance of owing me nothing? Most of the time, the answers are not the same.
For fun, I tried this out on my kids and re-proved Prospect Theory, just in case anyone was worried about it.
Anyway, bottom line on this book â read it if you havenât ready those other two books, skip it if you have, maybe skim it if youâve read one of them!
Book Short: Internet Fiction
Book Short:Â Internet Fiction
Itâs been a long time since I read Tom Evslinâs Hackoff.com, which Tom called a âblookâ since he released it serially as a blog, then when it was all done, as a bound book. Mariquita and I read it together and loved every minute of it. One post I wrote about it at the time was entitled Like Fingernails on a Chalkboard.
The essence of that post was âI liked it, but the truth of the parts of the Internet bubble that I lived through were painful to read,â applies to two ânewâ works of Internet fiction that I just plowed through this week, as well.
Uncommon Stock
Eliot Pepper’s brand new startup thriller, Uncommon Stock, was a breezy and quick read that I enjoyed tremendously. It’s got just the right mix of reality and fantasy in it. For anyone in the tech startup world, it’s a must read. But it would be equally fun and enjoyable for anyone who likes a good juicy thriller.
Like my memory of Hackoff, the book has all kinds of startup details in it, like co-founder struggles and a great presentation of the angel investor vs. VC dilemma. But it also has a great crime/murder intrigue that is interrupted with the bookâs untimely ending. I eagerly await the second installment, promised for early 2015.
The Circle
While not quite as new, The Circle has been on my list since it came out a few months back and since Bradâs enticing review of it noted that:
The Circle was brilliant. I went back and read a little of the tech criticism and all I could think was things like âwow â hubrisâ or âthat person could benefit from a little reflection on the word ironyâ⊠Weâve taken Peter Druckerâs famous quote ââIf you canât measure it, you canât manage itâ to an absurd extreme in the tech business. We believe weâve mastered operant conditioning through the use of visible metrics associated with actions individual users take. Weâve somehow elevated social media metrics to the same level as money in the context of self-worth.
So hereâs the scoop on this book. Picture Google, Twitter, Facebook, and a few other companies all rolled up into a single company. Then picture everything that could go wrong with that company in terms of how it measures things, dominates information flow, and promotes social transparency in the name of a new world order. This is Internet dystopia at its best â and itâs not more than a couple steps removed from where we are. So fictionâŠbut hardly science fiction.
The Circle is a lot longer than Uncommon Stock and quite different, but both are enticing reads if youâre up for some internet fiction.