What can a billionaire and the karate kid teach us about MANAGING STAFF
Business mostly isn't about the next big thing. It's about finding a formula that works and repeating it. Apple, Amazon, Google and Facebook are tremendously successful and get a disproportionate amount of media coverage, but companies like these are only a small fraction of the global economy. And even these companies are evolving from innovative to formulaic.
Most progress doesn’t come from new things but rather just getting better at existing things by repeating them over and over. Like a golfer practices his drive - that's what being a professional is about. This is also true of managing people. New management developments are rare - stick to simple, tried and tested principles. Practice them and get good at them. This is a key concept in the Manager Foundation management model. Managing by Objectives, 360 degree evaluations, 5 - 10 – 15 reports, flexible working - a lot of these are fads that derive from general management principles. The fads come and go but the principles stay the same.
My personal story about the business rinse and repeat business success story comes from when I worked with one of the worlds top 100 richest people for six years. He wasn’t my boss but he was my boss’s boss. He is a self-made billionaire and Forbes has listed him as number 63 in 2016. So clearly I was very keen to try to work out what his business secret was. He's a really smart guy - an actual nuclear physicist. But as smart and insightful as he is, his method of operation over the last 40 years has been extremely simple and consistent. And he just repeats it over and over. Using his simple formula he grew a modest family business into a $13.4B mountain of personal wealth.
Get the basics right and the rest will follow.
Got a big complicated staff problem? Just consistently apply the basics - build relationships, develop your staff, give feedback and that will solve more than 90% of the problems.
I can't show you how to fix your individual relationship problems - your situation is unique. And my goal is not to solve individual problems here; my goal is to show you the general principles.
Some of the things that I can show you include:
- A formulaic method for you to build good relationships with your staff and to get to know and understand them;
- A formulaic method for you to acknowledge your employees performance and to demonstrate to them that what they do is important in a quick, low stress and effective way;
- A formulaic method for you to correct your employees actions in a quick, non-confrontational method that ensures future improvement and;
- A formulaic method to efficiently improve the skills and abilities of your staff.
None of these are fancy, customized solutions. They are extremely simple methods, based on elemental principles that will improve the performance of your staff. I’ve spent years researching, developing and testing the best of the best so that you don’t have to. And this is what I share with you at www.boss.camp - proven management techniques to make managing easy.
So what can the Karate Kid teach us about managing staff?
Yes a lot is about practicing and practicing until you get good but the real key is this: When you are learning a new skill, there are some simple constituent movements that form the basis of competence. Just like dancing is taught one basic step at a time. Your teacher doesn’t teach you how to dance, your teacher teaches you one step at a time. When you put all of the steps together, you are dancing.
This is one of the secrets to the Manager Foundation learning model. Managing people is one most difficult things to do. By extension without a good learning method it can be an extremely difficult skill to learn. Reading a book or going to a class won’t make you a good manager. To become a good manager, you need to break the skill of managing staff into a bunch of small, simple constituent parts. And then you need a way to practice these parts in real world scenarios to become good at them. But because you put the techniques into practice almost immediately, you start to get the benefits almost immediately. It doesn’t matter if you’re not very comfortable or are only doing a few basic techniques to start out with. You will still get returns straight away.
Breaking a skill into its constituent parts and knowing what the right drills are that will develop the skill is the key to learning any skill.
How to Solve Complicated Problems:
When you have a complicated problem, break it into its constituent parts. The parts are always simpler than the whole. This will allow you to find a simple solution. What are the top three business problems that you are facing? Can you break these down further? Please share your own experiences at breaking problems down in the comments below.
Do you have any comments, tips or questions about problem solving? Help the rest of us out by sharing in the comments below.
Want your employees to produce awesome work but don’t want to be the jerk boss who shouts at their staff? Find out about ethical management in WWW.BOSS.CAMP. The program includes topics such as:
- How to motivate employees,
- What are bad employee motivators,
- What you must do as a manager but isn't on your job description,
- How leaders get power.