Use Doctrine to Pierce the Fog of Business

Use Doctrine to Pierce the Fog of Business

by Mark Bonchek and Chris Fussell

The “fog of war” describes the uncertainty faced by soldiers in the field of battle. In today’s markets, business leaders face a similar challenge: how to pierce through the “the fog of business.”

The traditional tools of management — strategy and planning — are no longer sufficient. Strategy and planning are like high beams on a car; they just bounce off the fog. Strategy doesn’t give employees enough guidance to know how to take action, and plans are too rigid to adapt to changing circumstances. In rapidly changing environments, you need fog lights to get closer to the ground.

Business leaders recognize the importance of pushing decision-making down the organization and out to the front line. But delegation can lead to invisibility, inconsistency and even chaos. When driving, fog lights work best when there are lines on the road to follow. Similarly, leaders must create mechanisms that keep everyone aligned to the mission and coordinated in the field.

Doctrine is the military’s mechanism for managing the fog of war, pushing decision-making closer to the ground while providing the lines to guide decision-making and action. Doctrine creates the common framework of understanding inside of which individuals can make rapid decisions that are right for their circumstances. We believe doctrine offers a powerful model for executives looking to pierce the fog of business and find new ways of exerting influence without centralized control.

NATO defines doctrine as “Fundamental principles by which the military forces guide their actions in support of objectives. It is authoritative but requires judgment in application.” If strategy defines objectives, and plans prescribe behavior, then doctrine guides decisions.

Consider one example from U.S. Special Operations teams trying to get the most use out of their helicopters, assets with high demand and limited supply. One approach would be to centralize all of these decisions, but that would be too slow. Another would be to have a computer automate the process, but there would be no way to feed enough data into the system in real time. So Special Operations went with a third option … let the human network figure it out and create solutions.

This network became the fog lights, pushing decision-making closer to the ground. But how to ensure the human network made the right decisions? What were the lines to paint on the road?

Military leadership created a common doctrine to frame the organization’s understanding of how helicopters would and wouldn’t be employed, their range, their maximum load capacity, their refueling requirements, etc. With these principles and shared understanding, the network could quickly coordinate across silos and create collaborative solutions.

One of the most powerful qualities of doctrine is its scalability. Like a Russian matryoshka doll, doctrine can be nested inside other doctrine. For example, the doctrine related to helicopters is nested inside doctrine related to the military’s network-centric approach to warfighting. This higher-level doctrine has four core tenets:

One can see how the distributed approach to managing helicopters flowed from this higher level doctrine, especially in how to achieve self-synchronization. Doctrine provided the many units spread around the battlefield with a shared framework in which they could operate. Units were free to move and take action within that framework. In turn, results were fed back to leaders, who evolved the doctrine to improve performance, enabling a true learning organization.

The media company TED would seem to have little in common with Special Forces units in Iraq. But in fact, TED’s approach to scalable growth echoes the same doctrine-based approach.

Founded in 1984 by Richard Saul Wurman, TED became famous for its exclusive conferences and compelling talks. The world discovered TED when Chris Anderson posted videos of the talks online. But how to give more people the experience of TED events, not just the content? The solution was TEDx, which launched in 2008 to extend the TED mission of “ideas worth spreading.” In only a few years, TEDx has grown to 1,300 events in 134 countries with only a handful of employees.

What most people don’t know is that TED has no direct control over TEDx events. Instead, TED authorizes and empowers local organizers to create TED-like events in their own communities. How does TED ensure consistency instead of chaos? With what amounts to doctrine.

On its web site, TED publishes clear guidelines for organizers on how to run a TEDx event:

These guidelines are consistent with the definition of doctrine: “Fundamental principles by which [TEDx organizers] guide their actions in support of objectives.” These principles are “authoritative but require judgment in application.” As another sign of the doctrine-based approach, TED recently had a problem with some of the TEDx events. Rather than step in to micromanage, they clarified and reinforced the doctrine.

How can you apply doctrine to your company?

1. See where you might already have some elements of doctrine.

Do you have principles that guide decision-making throughout the organization? Sometimes these are informal precepts that are passed along as part of the culture. Other times they get codified, as Reed Hastings did for Netflix.

2. Identify areas conducive to doctrine-based approaches.

It might be where the front line is calling for more authority, but where you are afraid to give up control. Or where centralized operations can’t keep up with the amount of information or the variety of local conditions (as in the case of the helicopters.)

3. Involve your broader team in creating the doctrine.

When the military rewrote its doctrine on counter-insurgency, it brought together a cross-functional team of soldiers, civilians, experts and leaders while gathering feedback from hundreds of front-line personnel. When IBM rewrote its values, it engaged 50,000 employees around the world.

4. When developing doctrine, focus on principles not policies.

Don’t be too specific in telling people what to do, but also not so broad that it doesn’t help them make the right decision. What information do you need from them, and what information do they need from you, in order to create rapid, independent, and effective action?

One way to put these steps into practice is to convene a “Constitutional Convention.”

After all, a constitution is essentially doctrine for democracy, providing the enduring principles by which to govern a nation. The Agile software movement started with such a gathering.

Ultimately, good doctrine becomes embedded in the culture. Touring a command post in Baghdad, a general came across this sign: “In the absence of guidance or orders, determine what they should have been and execute aggressively.” Good doctrine provides the empowerment, autonomy, and direction to make this not only possible, but effective. For business leaders operating in fast-moving and uncertain environments, doctrine dispels the fog of business.

Original document, Use Doctrine to Pierce the Fog of Business
Source: HBR
Adapted for Academy.Warriorrising

Prioritization

Prioritization

Prioritization is the essential skill that you need to make the very best use of your own efforts and those of your team. It’s also a skill that you need to create calmness and space in your life so that you can focus your energy and attention on the things that really matter.

It’s particularly important when time is limited and demands are seemingly unlimited. It helps you to allocate your time where it’s most-needed and most wisely spent, freeing you and your team up from less important tasks that can be attended to later… or quietly dropped.

With good prioritization (and careful management of reprioritized tasks) you can bring order to chaos, massively reduce stress, and move towards a successful conclusion. Without it, you’ll flounder around, drowning in competing demands.

Simple Prioritization

At a simple level, you can prioritize based on time constraints, on the potential profitability or benefit of the task you’re facing, or on the pressure you’re under to complete a job:

Prioritization Tools

While these simple approaches to prioritization suit many situations, there are plenty of special cases where you’ll need other prioritization and time management tools if you’re going to be truly effective. We look at some of these prioritization tools below:

Paired Comparison Analysis

Paired Comparison Analysis is most useful where decision criteria are vague, subjective or inconsistent. It helps you prioritize options by asking you to compare each item on a list with all other items on the list individually.

By deciding in each case which of the two is most important, you can consolidate results to get a prioritized list.

Decision Matrix Analysis

Decision Matrix Analysis helps you prioritize a list of tasks where you need to take many different factors into consideration.

The Action Priority Matrix

This quick and simple diagramming technique asks you to plot the value of the task against the effort it will consume.

By doing this you can quickly spot the “quick wins” which will give you the greatest rewards in the shortest possible time, and avoid the “hard slogs” which soak up time for little eventual reward. This is an ingenious approach for making highly efficient prioritization decisions.

See our article on the Action Priority Matrix to find out more.

Eisenhower Urgent/Important Principle

Similar to the Action Priority Matrix, this technique asks you to think about whether tasks are urgent or important.

Frequently, seemingly urgent tasks actually aren’t that important. And often, really important activities (like working towards your life goals) just aren’t that urgent. This approach helps you cut through this.

See our article on Eisenhower’s Urgent/Important Principle to find out more.

The Ansoff Matrix and the Boston Matrix

These give you quick “rules of thumb” for prioritizing the opportunities open to you.

The Ansoff Matrix helps you evaluate and prioritize opportunities by risk. The Boston Matrix does a similar job, helping you to prioritize opportunities based on the attractiveness of a market and your ability to take advantage of it.

Pareto Analysis

Where you’re facing a flurry of problems that you need to solve, Pareto Analysis helps you identify the most important changes to make.

It firstly asks you to group together the different types of problem you face, and then asks you to count the number of cases of each type of problem. By prioritizing the most common type of problem, you can focus your efforts on resolving it. This clears time to focus on the next set of problems, and so on.

The Modified Borda Count

The Modified Borda Count is a useful technique for prioritizing issues and projects within a group, giving everyone fair input into the prioritization process. This is particularly useful where consensus is important, and where a robust group decision needs to be made.

Using this tool, each group participant “nominates” his or her priority issues, and then ranks them on a scale, of say 1 to 10. The score for each issue is then added up, with issues then prioritized based on scores. The obvious fairness of this approach makes it particularly useful where prioritization is based on subjective criteria, and where people’s “buy in” to the prioritization decision is needed.

Original document, Prioritization
Source: Mind Tools
Adapted for Academy.Warriorrising

7 Tips for How To Prioritize Tasks and Work Effectively

7 Tips for How To Prioritize Tasks and Work Effectively

Most designers, regardless of whether you’re self-employed or an employee, have a to-do list full of all kinds of different tasks that are fighting for attention. It may include finalizing a project for one client, working on an estimate for another client, responding to emails, recording payments, and working on financials, etc.

With so many different things going on and a to-do list that likely includes tasks related to several different projects, knowing how to effectively prioritize tasks can be a real challenge. Prioritizing tasks effectively may seem to be a daunting task for new freelancers entering into the industry or getting fearful of an immense workload immediately.

Having productivity in your workday is important, but having productivity on the right tasks is what will really lead to the successful use of your time.

How to Prioritize Tasks for Work Effectively

Let’s look at 7 tips on how to prioritize tasks and the criteria for prioritizing tasks when you’re struggling with managing a creative project.

1. Respect Deadlines for Tasks

When working for clients, the most obvious factor that determines priority and urgency is the deadline. If your project has a deadline approaching or if you’re behind the pace to meet a deadline, the work should have some added urgency.

Meeting deadlines is an important part of giving your clients a positive experience working with you, and most designers understand the need to use deadlines in prioritizing work.

As a freelancer, you’re working as the business partner of your client and you must hold onto the responsibility of doing all the tasks in the proper time for efficient results. People who work hard and smart consider prioritizing their tasks in the most effective manner so that they can get the most out of them.

2. Set Milestone Deadlines

If a client project only has a deadline for completion of the project, make an effort to break down the work needed to complete the project and put it into a few different steps or parts.

Assign each part with a deadline to hit a certain milestone that will allow you to move on to the next step, and use these self-imposed deadlines to help with prioritizing. This way, rather than just seeing the final deadline, which may seem like it’s far off into the future, you’ll have a clear understanding of the smaller steps involved in the project and what you need to do now in order to stay on pace.

These milestone deadlines that you set for yourself may not even need to be shared with the client, they can be used just to help you stay on track and to view the big picture of the project.

Staying on pace with a project can also have an impact on everything else that you are working on. If one project gets off track, you may need to dedicate extra time to getting caught up, which of course takes time away from your other projects. So staying on course will allow you to prioritize effectively, rather than being forced to dedicate your time to catch up.

3. Consider the Consequences

Most likely there will be times where you’re not sure how you’re going to be able to get everything done. If you have several different things that are pressing for your attention and you’re not sure how to prioritize tasks, consider the consequences of not getting the work done or not meeting the deadline. Chances are, there will be very different consequences from one task to the next.

For example, you may have a client project that would be disastrous if you can’t meet the deadline. Maybe the client has other things, such as a marketing campaign, that is dependent upon you getting your work done by a specific date. On the other hand, you may have a client project that has an upcoming deadline, but there really are no significant consequences if it falls a little behind schedule.

Another factor to consider is your relationship with the client. If it’s a client that you have worked with for a while and have always met deadlines, they may be more understanding if you’re struggling to meet a deadline (depending on the situation). Or you may have a situation where you’re working with a new client and hoping to get more work or referrals in the future from this client. In this case, your relationship with the client may be important enough to shuffle things around to get the work done.

4. Consider the Payment Terms

You’ll also want to take into consideration the impact that a task will have on getting paid. You may have a project where you’ll be paid at various milestones throughout the project. If you’re just a small step away from reaching one of those milestones, you may want to give added priority to get it done and getting paid.

Likewise, there may be a situation where a client has already paid for your services and you just need to complete the work. Completing this client’s work may take priority since they have already paid for your time.

If you’re a freelancer, you’ll always need to be considering your cash flow situation. So taking into consideration the situation with money and how/when payment will be made will help you know what you need to be working on to keep your business functioning smoothly.

5. Consider the Time Required

There may be times when you have two or more equally urgent tasks that competing for your attention. However, although they’re equally urgent, they may not require the same amount of time to complete.

My preference is to prioritize tasks that will take less time to complete so I can get them crossed off my list and be able to focus more effectively on fewer remaining tasks.

6. Set Monthly Goals and Work Backward

Setting goals can be very helpful in determining what needs to go on your to-do list. This process is made a little bit easier if you take a look at the big picture before setting your to-do list for a particular day. Try starting with monthly goals of what needs to be done. Then look at the specific actions or tasks that need to be done in order to reach this goal. For the first week of the month, take the most urgent actions, those with deadlines, and those that are foundational for other tasks, and put them onto a to-do list for the week. Then you can plan your week more effectively by splitting them up and setting certain things that need to get done each day.

This can be a much more effective way of prioritizing tasks than simply trying to decide what to work on for a particular day without really giving much thought to the big picture. With weekly and monthly to-do lists in addition to a daily list, you’ll be able to see how each task impacts the other things on your list, and priorities tend to clearly emerge.

In addition, you may want to set some specific financial goals that will help to keep you motivated and on task.

7. Schedule a Percentage of Your Time for Personal Projects

There are other important tasks aside from just working on client projects. Things like working through tutorials, reading a book on a topic that you’d like to learn more about, re-designing your portfolio site, maintaining a blog, etc. often get pushed to the back burner because they don’t seem to have the same urgency as other things on your to-do list. In the long run, though, these types of personal projects and opportunities for development or improvement are very important for your career.

The best way to make sure that you get time to work on these things is to prioritize them by setting aside time in your schedule. You can decide that you’ll dedicate 10% of your time (or some other amount) to working on projects like this, and set aside time each week to take action for your own improvement. If you don’t set aside the time, most likely you won’t get around to it since other things will always come up.

Additional Tips for Balancing Priorities

Tip: Manage Client Interruptions

If you’re juggling multiple clients, you can’t be constantly fielding unexpected phone calls and still get any work done. Studies show that even short interruptions can have a disastrous effect on productivity.

Interruptions can cause you to lose your train of thought, which can cause you to spend more time on your project than you intended to. In extreme cases, too many interruptions could result in missed deadlines.

Here are three ideas for minimizing phone interruptions:

When all else fails, if a client absolutely must have you on call, be sure to charge extra for that service.

Tip: Always Negotiate for Extra Time for Important Tasks

The fact is, despite their best efforts, most freelancers underestimate how long a project will take. That’s because estimating is tough and there are lots of variables. It’s easy for an estimate to get off track.

Before the deadlines pile up, the best way to keep from missing a deadline due to estimating error or unexpected circumstances is to ask for a little more time to complete the project than you anticipate the project will take. This gives you a buffer for the prioritized task in case something goes wrong. And if nothing does go wrong, you can always deliver the project early.

Tip: Communicate Regularly

Another important tip for juggling multiple clients and task prioritization is to keep in touch with each client regularly. That doesn’t mean that you need to overwhelm them with emails or meetings. But you should check in regularly on longer projects, especially when you reach milestones, and make sure to answer their emails promptly.

It’s also really important to communicate any problems or questions that you have. And be sure to let your client know as soon as possible if you won’t be able to deliver on time. Communicating and updating your client consistently will help your client plan for the future in a better way.

Tip: Follow the Instructions of Each Task

One of the biggest causes of client dissatisfaction is freelancers who don’t follow instructions. Now, if you’re new to freelancing you may be thinking to yourself, “I’d never do that.” But the truth is that misreading or misunderstanding a client’s instruction is very easy to do when you’re in a hurry. It’s also easy to mix up instructions between clients.

To make sure you’re on track, review all of your communications with the clients several times before you start work and during the course of the project. You should also review your work agreement. If there’s anything that seems unclear to you, ask about it.

Tip: Over Deliver for Repeat Business

The final tip for dealing with multiple clients has to do with retaining them. Unlike in a traditional job where your employer typically gives you severance pay when the relationship ends, your clients could choose to end the relationship at any time. So naturally, it’s important to keep them happy.

One way to ensure that your clients come back to you for future projects is to over-deliver. You can do this by:

Tip: Create a Master Task List to Help Prioritize

Having a master to-do list will help you to miss important things that need to be completed. Of course, you’ll still have to prioritize the list so you know what to do first, but having a master task list is essential for ensuring that things don’t get overlooked.

Start by writing down everything that needs to be done as part of a project, and then organize the items by what is most important and urgent. With a relatively small amount of effort, you’ll have a prioritized task list that will keep you on the right track.

Tip: Understand that Prioritizing Isn’t an Exact Science

While creating a task list is easy, perfectly prioritizing isn’t always so simple. Sometimes you’ll need to use a judgment call to prioritize project tasks. However, you’ll get better with practice and project management will take less time and effort.

Project Management Apps for Freelancers and Designers

Managing client projects is a major requirement for efficiency and for creating a positive experience for clients. Regardless of whether you freelance, work for a small agency, or work with a large team, there are a lot of details and communication involved in client projects. Having an efficient system for managing those projects is essential. Project management software can help. Here are a few of our favorites with great features for you to check out:

Final Thoughts on Prioritizing Tasks

While it’s not one of the most glamorous skills a freelancer or designer can have, being able to prioritize is a necessity. By following the tips presented in this article, you’ll have a method whenever you need to decide how to prioritize tasks at work. Remember these factors to consider when prioritizing tasks and you’ll be well on your way. Use it to make project management a strength instead of a weakness.

Original document, 7 Tips for How To Prioritize Tasks and Work Effectively
Source: Vandelay Design
Adapted for Academy.Warriorrising

Business Life Cycle

Business Life Cycle

What is the Business Life Cycle?

The business life cycle is the progression of a business in phases over time and is most commonly divided into five stages: launch, growth, shake-out, maturity, and decline. The cycle is shown on a graph with the horizontal axis as time and the vertical axis as dollars or various financial metrics. In this article, we will use three financial metrics to describe the status of each business life cycle phase, including salesprofit, and cash flow.

Phase One: Launch

Each company begins its operations as a business and usually by launching new products or services. During the launch phase, sales are low but slowly (and hopefully steadily) increasing. Businesses focus on marketing to their target consumer segments by advertising their comparative advantages and value propositions. However, as revenue is low and initial startup costs are high, businesses are prone to incur losses in this phase.

In fact, throughout the entire business life cycle, the profit cycle lags behind the sales cycle and creates a time delay between sales growth and profit growth. This lag is important as it relates to the funding life cycle, which is explained in the latter part of this article.

Finally, the cash flow during the launch phase is also negative but dips even lower than the profit. This is due to the capitalization of initial startup costs that may not be reflected in the business’ profit but that are certainly reflected in its cash flow.

Phase Two: Growth

In the growth phase, companies experience rapid sales growth. As sales increase rapidly, businesses start seeing profit once they pass the break-even point. However, as the profit cycle still lags behind the sales cycle, the profit level is not as high as sales. Finally, the cash flow during the growth phase becomes positive, representing an excess cash inflow.

Phase Three: Shake-out

During the shake-out phase, sales continue to increase, but at a slower rate, usually due to either approaching market saturation or the entry of new competitors in the market. Sales peak during the shake-out phase. Although sales continue to increase, profit starts to decrease in the shake-out phase. This growth in sales and decline in profit represents a significant increase in costs. Lastly, cash flow increases and exceeds profit.

Phase Four: Maturity

When the business matures, sales begin to decrease slowly. Profit margins get thinner, while cash flow stays relatively stagnant. As firms approach maturity, major capital spending is largely behind the business, and therefore cash generation is higher than the profit on the income statement.

However, it’s important to note that many businesses extend their business life cycle during this phase by reinventing themselves and investing in new technologies and emerging markets. This allows companies to reposition themselves in their dynamic industries and refresh their growth in the marketplace.

Phase Five: Decline

In the final stage of the business life cycle, sales, profit, and cash flow all decline. During this phase, companies accept their failure to extend their business life cycle by adapting to the changing business environment. Firms lose their competitive advantage and finally exit the market.

Corporate Funding Life Cycle

In the funding life cycle, the five stages remain the same but are placed on the horizontal axis. Across the vertical axis is the level of risk in the business; this includes the level of risk of lending money or providing capital to the business.

While the business life cycle contains sales, profit, and cash as financial metrics, the funding life cycle consists of sales, business risk, and debt funding as key financial indicators. The business risk cycle is inverse to the sales and debt funding cycle.

Phase One: Launch

At launch, when sales are the lowest, business risk is the highest. During this phase, it is impossible for a company to finance debt due to its unproven business model and uncertain ability to repay debt. As sales begin to increase slowly, the corporations’ ability to finance debt also increases.

Phase Two: Growth

As companies experience booming sales growth, business risks decrease, while their ability to raise debt increases. During the growth phase, companies start seeing a profit and positive cash flow, which evidences their ability to repay debt.

The corporations’ products or services have been proven to provide value in the marketplace. Companies at the growth stage seek more and more capital as they wish to expand their market reach and diversify their businesses.

Phase Three: Shake-out

During the shake-out phase, sales peak. The industry experiences steep growth, leading to fierce competition in the marketplace. However, as sales peak, the debt financing life cycle increases exponentially. Companies prove their successful positioning in the market, exhibiting their ability to repay debt. Business risk continues to decline.

Phase Four: Maturity

As corporations approach maturity, sales start to decline. However, unlike the earlier stages where the business risk cycle was inverse to the sales cycle, business risk moves in correlation with sales to the point where it carries no business risk. Due to the elimination of business risk, the most mature and stable businesses have the easiest access to debt capital.

Phase Five: Decline

In the final stage of the funding life cycle, sales begin to decline at an accelerating rate. This decline in sales portrays the companies’ inability to adapt to changing business environments and extend their life cycles.

Understanding the business life cycle is critical for investment bankers, corporate financial analysts, and other professionals in the financial services industry. You can benefit by checking out the additional information resources that CFI offers, such as those listed below.

Additional Resources

Thank you for reading this guide on the 5 stages of a business or industry life cycle. To help you advance your career, check out the additional CFI resources below:

Original document, Business Life Cycle
Source: CFI
Adapted for Academy.Warriorrising

Laddering

Laddering

Laddering is a brainstorm technique which analyses the benefits and features of a product, service or issue, and connects those attributes to a target audience’s point-of-view and personal values.

More of an interview technique than an exercise to do during a brainstorm, Laddering visually demonstrates how individuals connect a brand’s attributes or benefits to their own subconscious intent or desire about the brand.  (You can substitute companyproduct or service for brand.)  Laddering is primarily a positive connection between the brand benefits to one’s personal values, but it can also be an effective tool to map negative connections, such as their personal stake in a brand or a product during a crisis.

Put in a more conversational way, Laddering allows you to get inside the head of your customer by asking simple questions. Creativity comes into play when you 1) ask yourself what insights do the audience’s answers tell you about the brand or its issues, and then 2) brainstorm how you might translate those discoveries into potential ideas for implementation.

(See below the link for the tool, instructions, and a simplified example.)

Laddering: The “Why Method”

Starting broadly and moving to niche, the questions of the Laddering technique are designed for the interviewer to enquire how the respondent subjectively “moves” from benefits of product attributes to the abstract of their unconscious. A simplified conversation might look something like this.

The interviewer eventually hears a connection in the person’s response to a particular personal value. By understanding what motivates or inspires a person about a particular topic, the interview might be able to repeat that specific value in marketing or communications to the audience, through messages, engagement and tactics, social and digital media, and visual tone.

How To Conduct The Interviews

Laddering interviews with your customers or similar audience can either be formal or informal, or a mixture of both.  Formal research is expensive and time consuming, but it’s also more reliable. For important campaigns or assignments, it’s absolutely worth it. Informal research is a great way to engage a large group of people. In the past, I’ve given all workshop participants a single interview sheet and sent them out to talk to individuals a week prior to the meeting. People bring back with their input, and together in a conference room we plot the Ladder together. It’s a great exercise, and if possible, I like to conduct it prior to a brainstorm.

How to Use It

You can develop the Ladder once you have input from the target audiences.

When I make a Ladder as part of a group exercise, I hang a broad swath of paper on a wall so all of us can easily see it, discuss and adapt it together, and use it as an anchor for brainstorming.  If you’re creating one by yourself, it works just fine to use a large sheet of paper on a desk top.

An empty Ladder looks like the chart at right.  I’ve also included a real-life but simplified example (below right) from an online gourmet food company that I helped a few years back.

The Ladder works from bottom to top in five horizontal bands corresponding to the five Laddering questions. As much as possible, use the audience’s own words when you answer the questions in the exercise. Don’t wildly paraphrase or make broad assumptions.

Separately, you’ll also need a list of universal values so you can connect the fourth and fifth levels. There are many lists of values. I prefer this list of Universal Values because it’s simplest.

Here are the questions, in interview order.

1. Start at the bottom of the page or chart with Question #1: “What is it?”

Write a concise sentence about the company, brand or product. It must be objective and factual. No opinions. This statement might also be the issue or problem you want to address, written from the POV of the target audience. It might also be a statement about the category or business environment.

In the online food company example, we used the brand proposition statement created by their advertising agency.

2. Go to Question #2: “What does it do?”

Alternative questions: “What’s its purpose?” “What are the benefits or features of the product/service or its attributes?” “How does this make life easier?”

If you’re laddering an issue, try these questions instead: “What consequences, outcomes or affects are happening because of the issue?  What’s the rippling or residual effect of this problem?” “How is this making life more complicated, more difficult?”

At this level, the answers are about a specific individual feature, a benefit or attribute. Broad attributes or benefits are OK, but if possible, try to break down general attributes into specific attributes. For example, for a fast food restaurant, we broke down “good customer service” into “good smiles when I walk up to the counter.” Again, keep it objective. No assumptions.

3. Go to the Question #3: “What benefit do I get from it?”

Alternative questions: “What do I get out of it?” “What’s in it for me?”  If you’re laddering an issue, “reverse” the questions: “How does this affect me?” “Why is this a problem for me (my family, my neighborhood, etc.)?”

At this level, you begin to tap into the subjective. This is an ideal place to begin to lift specific testimonials, statements, phrases, key words or lingo that the audience uses which show a connection between the bottom level and the personal top level.

4. Go to Question $4: “Why is this important to me?

Alternative questions: “Why do I care about it?” “How does this touch me personally?” “What need do I have that this product satisfies or alleviates?” “What can’t I live without?”

These answers are “selfish” – personal, immediate, intimate. They often touch on emotions (both positive and negative). They should sound altruistic. The important thing is not to judge. It’s alsol easy at this level to question or disbelieve the emotional connection between layers. Don’t. You can go back and re-question the audience, but assume that perceptions are real.

5. Go to the top level. “What personal value does this tap into?”

Unless you’re conducting formal research, this is a question for you and your team in the exercise – it’s not a question to ask the target audience.

From the answers on level 4, discuss how these personal responses connect potentially to personal values. (Definition of “values”: deeply rooted principles which guide what the audience believes and influences their attitudes and behaviours.)

Sometimes we’ve been able to find exact words in the testimonial interviews to help us make that leap. Sometimes it’s an educated guess or a leap of (logical) faith. If we have time and resources, sometimes we go back to the audience and drill deeper with questions which helps us figure out which value is the important one.

Transition to Creative Thinking

From a creativity standpoint, Laddering gives you a new richness of insights to translate into potential ideas.

In the example of the online food website, we discussed the different pathways from bottom to top.  As a group, we were most surprised by the connection customers had with the website helping to support local cafes serving unusual cuisines. (Note the broad green line on the right of the chart.)

Where the client had originally wanted to play up all of the global cuisines, the Ladder changed his mind, and decided to make the campaign local. In brainstorming, we began to play with ideas which might bring that “community connection” to life.

To make a long story short, the company eventually created a “Neighborhood Hero” program. Participants could generate points for supporting local neighborhood – even specific restaurants. The points were shown on the home page to all customers (to bait a bit of competitiveness with other customers) as well as demonstrate how the company was doing good works locally. Participants could also use their points as votes in an online auction to choose which grass roots programs they wanted the company to support, working with local councils. Their tally of points/votes were also lodged on the customer’s favourite social media sites, which also helped to spur their friends to try the website. Multiple points also were redeemable for coupons or gift cheques for friends.

Laddering is a broad topic and, I admit, may be confusing. But don’t let it put you off. Of all the creative exercises I’ve used in the past 20 years, Laddering is still one of my favourites, and often the one that brings to life an entirely new idea.

Please tell me what you think below, or send me an email for more information or help in planning a Laddering exercise.

Some other hints, before I forget.

Original document, Laddering
Source:Andyeklund
Adapted for Academy.Warrior rising

Ladder of Evidence

The Ladder of Evidence: Get More Value From Your Customer Interviews and Product Experiments

One of the best signs of an effective product team is a regular cadence of customer interviews and product experiments.

But it’s not enough to simply check the box on these activities; we need to make sure that we do them effectively.

Without a strong background in research methods, it’s hard to know how you are doing. I’ve developed a simple framework to help teams evaluate the effectiveness of their methods. It’s called the Ladder of Evidence and I explain it in the video below.

Full Transcript

The Ladder of Evidence will help you get more value out of your customer interviews and your product experiments.

Hi Everyone, I’m Teresa Torres with Product Talk and I want to take ten minutes to walk you through the Ladder of Evidence. Many of us have learned that focus groups and surveys are not the best tools for figuring out what to build, but do you know why? The Ladder of Evidence will tell us. It also helps us get more value out of our customer interviews and our product experiments. Let’s take a look.

The more effort you are willing to put into climbing the Ladder of Evidence, the more value you’ll get out of what you learn.

When we want to learn something, we tend to ask about it directly. We ask questions like, “Would you use this feature?” or “Would you pay for this service?” The problem with these types of questions is that we aren’t very good at speculating about our future behavior. The answers to these types of questions aren’t reliable. It’s easy for me to say I’ll go to the gym next week. That doesn’t mean I will go to the gym next week. It’s important when asking customers for feedback that we do our best to collect reliable feedback. The Ladder of Evidence is going to help us do just that.

You can see here on the left that as we climb the ladder, the time and effort to collect the feedback goes up, but so does the value of what we learn. This is a delicate balance. We want to learn as much as we can, while moving fast, and continuously shipping value to our customers. We don’t want our engineers sitting around while we conduct perfect research, but we also don’t want to build the wrong functionality because we got unreliable feedback. Instead, we want to climb as high up the ladder as we can, given the time constraints in which we have to work.

You don’t need to do perfect research, but you do need to collect reliable feedback. – Tweet This

Focus groups and surveys are often used to ask people what they might do in the future. This isn’t the only way to use these tools, but it’s the most common, and it’s why they have a bad reputation. You can see that asking people about what they would do is the lowest rung on the ladder. It’s easy to do, but it doesn’t lead to valuable feedback.

Asking people what they would do is easy to do, but doesn’t lead to reliable feedback. – Tweet This

Instead, we want to climb higher. The next rung is to ask people about what they’ve done in the past. Our past behavior is a better indicator of our future behavior than our speculation about our future behavior. In other words, I’m more likely to go the gym next week if I went to the gym last week than if I’ve never been to the gym but think I’ll go next week.

But we can do even better. If you are going to ask about my past behavior, you might as well climb one more rung and ask me for specific stories about my past behavior. Here’s why: If you ask me if I work out regularly (a question about my past behavior), I will say yes. If you then ask me what I do, I would say yoga, CrossFit, and running. You might also ask how often I work out. Again, I have quick answers. I do yoga twice a week and CrossFit three times a week. But all you are doing is collecting facts. Insights are rarely generated from simple facts.

Rather than asking me for facts, ask me for specific stories about my workouts. Stories convey context like where the workouts happen, with whom, the emotion associated with the workout (did I love it, was it a grind), how I felt beforehand (was it hard for me to go, was I excited to go), how I felt afterwards (was I glad I went, did I regret it), and so much more.

Ask for specific stories about the past to generate insights. – Tweet This

Here’s an example: Yesterday, I went to yoga. At 11:30am, I was wrapping up my last coaching call. It ran a little long and I had to rush out the door. Because I was in a rush, I forgot my water bottle. Halfway there I remembered that I had a 1:30pm phone call and that I should have brought my phone just in case class went long. I laughed at my own busyness as I raced to get to yoga on time. As soon as I walked into the yoga studio, I relaxed. Jill, my favorite instructor, was smiling at the front of the room. Michael, my brother-in-law, had saved a space for me. I sat down on my mat, took a deep breath and was ready to sink into yoga. It was a hard class. I’ve been dealing with a foot injury and it was hard to stay present while attending to an injury. I got frustrated a few times but just kept coming back to my breath. At the end, I was mentally and physically exhausted, but I felt great. I walked home, calm, quiet, and smiling. I laughed at the difference an hour of yoga makes.

It took me less than three minutes to tell this story. And it’s packed with so much rich context. If you were designing a product or service for me, you learned so much more than the quick facts that I rattled off earlier. There’s so much to explore here. The role yoga plays during my work day, the people that I see there, the mental and physical benefits, the scurry out the door, the amazing feeling at the end. There is so much context, emotion, and richness that you aren’t likely to forget this story.

And it gets even better. Because this is a specific story about the past, it’s much more reliable than the factual answers I gave earlier. If you asked me why I go to yoga, I would probably say because I care about my fitness, but if you look at this story, I go to yoga for many reasons where fitness is only one of them. Others include: it’s a break during my workday, it makes me feel great, I see friends and family there, it relaxes me, it’s a challenge. There’s so much more to work with.

Asking people for specific stories about the past is one of the richest ways to generate insights about which opportunities to go after and which solutions might deliver on those opportunities.

But no matter how good you get at collecting specific stories, you still have to test those insights. And that brings us to the top two rungs of our ladder.

Too often, when we are ready to test a solution, we put it in front of people and ask, “What do you think?” This is the wrong question to ask. Again, we want to stay away from speculation and look for action. Instead, we want to simulate an experience and prompt them to take action.

The key is to try to simulate the experience your customer would have if your product or service was real. This can be challenging, but it’s worth the effort. You don’t want to learn after you build it that people like it, but won’t use it. We want to discover whether or not they will use it as early in the process as possible.

Ask for specific stories about the past to generate insights. – Tweet This

If based on the stories I collected, I learn that people view yoga as a good break during their work day, I might look to offer lunchtime yoga programs to big companies. To test this idea, I don’t want to ask people if they would go to lunchtime yoga at their office. This is an easy question to say yes to, but it’s pure speculation. Instead, I want to simulate the experience. I might start by offering one lunchtime yoga class at a company and measure how many people come. If I’m worried about attendance over time, I might offer lunchtime yoga for a couple of weeks, before evaluating the results.

Of course, I won’t know for sure if this program will work until I actually offer it (the top rung of the ladder). But the closer I can simulate the experience without doing all the work to make it scalable or sustainable, the more I’ll learn about my idea.

You’ll notice that the top two rungs each have two options. We’ve already talked about the options on the right. The options on the left are for when you are building a product or service that is similar to a competitor’s product. In this case, you can use existing solutions to test your idea. Instead of simulating an experience, you can ask a user to show you what they do using your competitor’s product. And instead of waiting until your product or service is live, you can observe them during a real-life experience using a competitor’s product.

Here are the key takeaways from the ladder of evidence:

Thanks for your time. If you have questions or comments about The Ladder of Evidence please reach out at ProductTalk.org or on Twitter. Until next time, keep embracing your doubt and questioning your assumptions.

Original document, Ladder of Evidence
Source: Product Talk
Adapted for Academy.Warriorrising

Leadership development are we clear on the intent

Leadership development are we clear on the intent

The effectiveness of leadership development interventions

The effectiveness of leadership development interventions is a perennial question most organisations ask themselves. 

Sabine Vinck, Associate Dean of Executive Education at London Business School, explores the merits of individual and organisational leadership interventions, and proposes a new way of working that ensures these interventions achieve their aims.

The effectiveness of leadership development interventions is a perennial question most organisations ask themselves. Some executives are strong supporters, while others are more sceptical, pointing to the difficulty of evaluating whether these interventions really achieve their aims.

What we know for sure is that companies across the world continue to report that improved leadership is critical to their future success. So, corporate learning functions and business schools must identify even better ways of addressing leadership dilemmas and demonstrate the value of their work.

One answer lies in all parties being clearer and more specific in articulating the objectives of Leadership Development initiatives. We must understand what participants will do differently and the impact that behavioural change will have on the organisation.  Clearly identified objectives align expectations and provide a common base to evaluate return on investment.

My four years at the helm of Executive Education at London Business School have convinced me that more clarity is often required when establishing whether a request for improved leadership is intended to address individual or organisational development needs.  Both are important but they must be tackled in different ways. We have worked hard to make that distinction clear in what we do.

Individual leadership: ensuring leadership “fitness”

Individual leadership interventions aim to develop an individual’s ability to achieve business objectives with and through others, almost irrespective of what these objectives are. Drawing on a sporting analogy, individual leadership programmes provide leaders with the level of “fitness” required to play any number of sports, or leadership roles.

Executives must remain focused on “staying fit” throughout their careers, especially in today’s VUCA (Volatile, Uncertain, Complex and Ambiguous) world, where an even greater level of leadership effectiveness is required. It is not surprising that individual leadership interventions are in high demand. Attracting 300 participants a year, Essentials of Leadership is one of the most successful individual leadership open programmes in our portfolio.  A number of our corporate clients are also experiencing strong internal demand for the custom individual leadership development solutions we developed with them, sometimes a number of years ago.

Individual leadership interventions typically start with an initial self-awareness exercise, which helps participants gain a greater understanding of who they are and how they represent themselves as leaders. A combination of thought-leadership, experiential activities, coaching and practice is then used to enhance the participants’ skill set. Impact is measured by a second assessment exercise 12 – 18 months later.  Focused on individual leaders and their immediate sphere of influence, these interventions are often stand-alone solutions.

We are now finding that while absolutely necessary, these interventions may not always be sufficient. They need to be complemented by organisational leadership initiatives, which aim at developing leadership in support of a firm’s strategic objectives and culture. To go back to my earlier sport analogy: individual leadership interventions deliver general fitness, while organisational leadership solutions focus on getting a group of leaders to win a specific match.

Organisational leadership: accelerating business performance

Organisational leadership interventions target the one or two things leaders could do better or differently, in order to improve a company’s performance at a point in time.

These initiatives have an individual component to them, as organisational impact can only be achieved by individual leaders changing their behaviours. However, the intent is different. We are not developing leaders to improve their general level of leadership fitness; we are developing them to address a very specific business challenge. It is leadership development in context.

In my experience, when CEOs say they need “better leadership” in their organisations, they usually mean organisational leadership but they are not always explicit in saying so. As a result, learning providers may end up delivering an individual leadership programme that is not necessarily focused on addressing the organisation’s business challenges. That pitfall can be avoided by remaining in the diagnostic phase of the design process until there is a common understanding among all stakeholders of what leaders are expected to do differently after the intervention.

For example, in a London Business School client engagement, the discipline of remaining in the diagnostic phase until all stakeholders visualised the programme outcomes, turned an initial request for an all-encompassing individual leadership programme into an organisational leadership initiative. Leaders needed to take more initiative to increase the company’s strategy execution speed. This is what their CEO really meant by “better leadership”.

Developing organisational leadership interventions: a new way of working

The notion of leadership development in the context of what a firm must achieve to remain competitive has quite profound implications for the design, implementation and measurement of organisational leadership interventions.

Defining the desired outcomes


These interventions essentially become an element of an organisation’s execution engine or organisational transformation. Therefore, the executive team is best placed to identify which levers can be pulled to accelerate performance and it must offer essential input into the intervention’s design process. Helpful questions to focus on include:

Concrete and specific answers to these questions ensure stakeholders have a common picture of the intervention’s outcomes, increasing the chance of achieving them. They also highlight any misalignment in the senior team, a common barrier to success. Finally, they ensure that the intervention’s objectives are achievable.

Leadership development initiatives invariably try to do too much. Achieving behavioural change takes time and in general, focusing on one or two goals adds the most value to an organisation.

Integrating the programme with what the organisation already does

To support specific strategic needs effectively, organisational leadership initiatives must be integrated with an organisation’s practices.  The more integrated they are, the greater the impact. We work with clients to identify these touch points as part of the design process. Techniques we have used successfully include:

In one instance, the CEO set the scene by outlining the strategy, the organisational changes he expected and how he hoped the programme would achieve them. As the programme progressed, he personally reiterated the take-aways and described how these were coming to life in the organisation. He highlighted examples where the senior team acted differently as a result of the programme. His involvement in supporting participants to visualise success had an immensely positive impact.

In an existing design, the learning journey starts with a conversation between a participant and her line manager. The pair works together to identify one or two business challenges the participant will address during the programme and to define a set of successful outcomes. The participant then uses these challenges as context to bring the programme’s key take-aways to life. Regular checkpoints with the line manager ensure the programme remains integrated with the participant’s work reality.

In our Global Business Consortium programme, the CEOs of the member organisations set annual “CEO challenges” to be worked on by their representatives during the six-month learning journey. They attend a final session with the participants to refine the proposed solutions and guide their implementation.

Integrating a programme into wider business activities requires buy-in and alignment from internal stakeholders and significant strategic thinking, planning and coordination from the corporate learning function. It can only be delivered in close partnership with the business. We ascertain the ideal level of programme integration into business activities during the design process.

Measuring impact

An organisational leadership journey provides the challenge and the opportunity to measure impact differently. If the intervention supports a strategic aim, then the impact measure must be the success in achieving that aim. The challenge comes from the other factors that may also have contributed to success and therefore, isolating the impact of the learning intervention becomes difficult.

For instance, a couple of years ago, we designed a leadership development intervention to support an initiative conceived to increase internal promotion rates to executive-level positions.  The programme certainly contributed to achieving this aim but not in isolation. It needed to be integrated in a broader talent strategy and opened the question of whether promotion rates were a fair impact measure.

Different organisations have varying levels of tolerance for ambiguity and there is no right answer.  The challenge is to find the right impact measure for a specific organisation at a point in time. We recommend selecting multiple measures, some directly attributable to the programme and others focused on the underpinning strategic aims. In addition, the value of stories and narrative should not be overlooked, as they are effective measures of culture shift in organisations.

An enhanced role for the corporate learning function

Above all, considering leadership development programmes as organisational transformation initiatives provides an exciting opportunity for learning professionals. They maintain their role as leadership development experts but can also reposition themselves as strategic partners at the core of an organisation’s strategy execution engine. 

Delivering organisational leadership programmes successfully involves having a deep understanding of an organisation’s strategy and translating it into concrete steps for leaders. Supporting integrated interventions reinforces the informal cross-department networks, which underpin the way organisations function. Finally, by becoming an organisational development mechanism, the learning function becomes a repository of concrete examples of when the company is at its best.

In short, organisational leadership interventions enable learning professionals to become an active link between strategy and execution, a real partner to the business. In the end, that may be the most effective way to close the debate on whether leadership development creates value!

Original document, Leadership development are we clear on the intent
Source: London Business School
Adapted for Academy.Warriorrising

Strategic intent

Strategic intent

Strategic Intent for the Gordon Ford College of Business

Our strategic intent is to make the Gordon Ford College of Business the school of choice for highly capable and motivated students from the Commonwealth of Kentucky and beyond. We also intend to make the Gordon Ford College the workplace of choice for faculty and staff.

Original document, Strategic intent
Source: WKU
Adapted for Academy.Warriorrising

Big Bang! Connect. Learn. Compete.

Big Bang! Connect. Learn. Compete.

The Big Bang! Business Competition provides a forum for innovators to collaborate, develop and test business ideas.

These challenging times call on us to create new solutions to our world's complex problems.

The Big Bang! competition helps you to grow as an entrepreneur and as a leader. You’ll find opportunities to connect with fellow innovators, learn and apply business concepts in educational workshops, build your team, grow your network—and compete for cash prizes.

The 24th annual Big Bang! will award prizes for the competition’s top innovation overall and for winning ventures in the following sectors:

Leadership Skills

Even if you don’t want to become an entrepreneur, participating in the Big Bang! competition and our Ideas into Action workshop series will give you powerful leadership skills to help you succeed in whatever career path you chose.

You’ll learn to:

The Big Bang! allowed us to connect with like-minded entrepreneurs, potential investors and industry experts, expanding our network and opening doors to new opportunities. The feedback and guidance we received from mentors and judges were invaluable.
—Akshaj Aravind Raghavi | MBA Candidate| CFO, SchedGo, 2023 Big Bang! winner

UC Davis computer science major Henry Yu (center) and MBA students Dillon Hill (left) and Akshaj Aravind Raghavi won the $20,000 top prize and the $10,000 People’s Choice Award in the 2023 Big Bang! Business Competition. SchedGo has created a platform to help college students navigate the path to graduation with greater efficiency and less stress. (Jose Luis Villegas/UC Davis)

Fast Facts

The Big Bang! Workshops Series will give you the knowledge and skills you need to move from concept to company—and to effectively compete in the Big Bang! Business Competition. You’ll learn to:

> Define your problem and solution
> Develop an elevator pitch
> Evaluate the potential market
> Develop a business model
> Create a pitch presentation
> Write a business summary

Workshops are offered online, from 5 to 7 p.m. While participation in the workshops is not required to enter the Big Bang! competition, we encourage you to take advantage of this opportunity to grow your entrepreneurial skillset and your network—and to help your venture thrive.

Big Bang! workshops are open, free of charge, to everyone.

The Big Bang! Business Competition runs from March to May and is held in conjunction with the Big Bang! Workshop Series.

Events and competition deadlines are noted below. The Big Bang! culminates with the annual Awards Ceremony, where we announce the winners and award prizes in the following categories:

> Top innovation in the competition
> Animal Health + Industry Sector
> Education + Educational Tools Sector
> Energy + Sustainability Sector
> Food + Agriculture Sector
> Human Health + Industry Sector
> Social Entrepreneurship Sector

To participate in the Big Bang! Business Competition, at least one of your team or venture’s founders must be affiliated with a California-based institution of higher education. Refer to the competition overview, eligibility and requirements on the Rules and Tools page for details.

All Big Bang! teams must register and submit deliverables through the competition platform, StartupTree, by the designated deadlines. We cannot accept emailed submissions.

  • Note: All Big Bang! teams must register and submit deliverables through the Startup Tree platform by the designated deadlines. We cannot accept emailed submissions.
     
  • Event/DeadlineDate/TimeLink to RSVP / Details

    The Kickoff

    10.17.23 
    Optional Early Feedback Round
    (Round 0)
    02.05.24
    Noon
    Submit executive summary and team bios for feedback from experts in our network. 
    Final Registration Deadline
    (Round 1)
    02.26.24
    Noon

    Deliverables: executive summary and team bios

    Top teams advance to Round 2.

    Round 2 Submission Deadline (Semifinals)04.08.24
    Noon

    Deliverables: customer call summary, video pitch and detailed pitch deck

    Top teams advance to Round 3.

    Dry Run Presentations (optional)

    04.29.24 
    4–8 p.m.

    Virtual

    Round 3 Submission Deadline (Finals)05.06.24
    Noon

    Deliverables: additional customer call summary; presentation pitch deck

    Final Presentations and Judging05.15.24Finalist teams (in-person attendance required)
    24th Annual Big Bang! Awards Ceremony05.21.24

    Finalist teams (in-person attendance required)

Thank you, Big Bang! Sponsors

General sponsors of the Big Bang! Business Competition are Pam Marrone and Mick Rogers and the UC Davis College of Engineering. The Awards Ceremony is sponsored by Bow Capital. Click here to meet our prize sponsors.

It’s amazing to see how far our teams can go. In October many of their ideas are just that: ideas. By May, with a ton of hard work, support and mentorship, many of these ideas are ready for prime-time as companies, licensed technologies or nonprofits.
—Professor Andrew Hargadon

Original document, Big Bang! Connect. Learn. Compete.
Source: UCDAVIS
Adapted for Academy.Warriorrising