Driving Change: 8 Learnings

1 Change Sucks While many folksamp8217 prattle on how quotchange is goodquot and should be embraced the reality is that change means doing new and different things and trading in the comfortable the tried and true and what one knows for months or years of stumbling inventing things on the fly and looking quite incompetent Letamp8217s be honest with folks who we would like to help change and acknowledge that it is difficult But while change does suck irrelevance is even worse2 People are analog As much as the world is going digital people remain analog We have emotion and we make decisions that are not entirely rational We care about how we are perceived we love our turf and we fear uncertainty Unless one can understand the human needs and concerns when one is looking to deliver change it can get very difficult3 Incentives are critical As Stephen Levy the author of Freakonomics makes clear to understand someoneamp8217s behavior it is critical to understand their incentives We behave like we are paid to behave So whenever anybody wants a key to drive change they should start with changing incentives So many industries continue to reward and provide incentives for the status quo while churning out press releases about change Change only happens if it makes economic and career sense4 Fear must be reduced Because change is associated with fresh and new things it is also associated with a higher degree of failure Cultures that penalize failure find themselves ossified to the past The big difference between Silicon Valley and Japan is their perspectives on failure In Silicon Valley failure is a badge worn proudly while in Japan it often leads to suicide due to loss of face There are no second chances in Japan and multiple chances in Silicon Valley If a company had a high fear level do people whisper are folks afraid of the boss than the change I recommend to folks is to quit and find a better place5 Culture must be paid attention to Every company has its culture Some are strong and some weak but often successful companies have very strong cultures This culture has often been the reason for the companyamp8217s success but sometimes may be its weakness in the future Changing or attacking a company39s culture is very intricate and requires both the patience and the precision of a surgeon Eliminating some key parts of a Company39s culture without understanding its importance or role it serves can not only be detrimental to change but also cause the change agent to be tossed out The best change agents are experts at understanding company cultures6 Tell all the Truth but tell it Slant This advice is from the poet Emily Dickinson She goes on to say quot the truth must dazzle gradually or every man be blindquot Full frontal attacks hysterical statements about quotdead business modelsquot and other melodrama may make good blog copy or conference panel grist but rarely is effective in getting large successful firms to navigate change The facts must be stated without personal attacks or offering choices that must be made at gunpoint or under fear Let the facts speak for themselves Let the reality dawn and rise versus going from darkness to high noon7 Bring Data Facts and Examples Once a company gets emotionally ready to change it still needs a lot of facts and examples and here one must be ready to interrogate the company39s legacy metrics of success For instance most content companies are under the mistaken belief that their content is valuable and can be monetized when the truth is that access to content and new ways of monetizing content is really the future Data and examples that illustrate this gets the attention of the money folks and the strategic leadership of a firm whose support is key to drive change8 Inspirational Leadership is key At some stage the numbers can be supportive fear can be reduced peopleamp8217s incentives aligned and the cultural issues addressed but that alone is not enough At some stage there is a jump into a void that must take place It is here that the leadership of a company must stand up and inspire People follow people and not power pointPosted at MediaVillage through the Thought Leadership selfpublishing platformClick the social buttons to share this story with colleagues and friendsThe opinions expressed here are the author39s views and do not necessarily represent the views of MediaVillageorgMyersBizNet

SUBSCRIBE FOR FREE MEDIAVILLAGE CONTENT | BECOME A THOUGHT LEADERSHIP CONTRIBUTOR

Driving Change: 8 Learnings

Author

Publish date

Channel

Archived in

Rishad Tobaccowala

Don’t’ Back Down; Double Down on DEI Investments - By Jack Myers

More Videos:

SUBSCRIBE FOR FREE MEDIAVILLAGE CONTENT | BECOME A THOUGHT LEADERSHIP CONTRIBUTOR

Driving Change: 8 Learnings

Enjoying This Commentary? There's More to Love

Rishad Tobaccowala

Stay in the know with more from MediaVillage

TAGS:

Don’t’ Back Down; Double Down on DEI Investments - By Jack Myers

Cookies