Three tips for improvising your way to success

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IMG_4012Over the last couple of years, I’ve been learning the art of Improv. For those of you who have never experienced such joy, Improv is a form of completely unscripted theatre or comedy, where a group of fully-grown adults create a story, characters and some kind of plot completely in the moment. As we walk onto the stage we have no idea who our character will be, where the scene is, or what the relationship is that we have with each other And yet, somehow it works. Somehow, we create something that is coherent, makes sense and sometimes – just sometimes – is hilariously funny.

Now, if this were a team in an organisation, we would consider it doomed to fail: No goals, no clarity on team roles, no accountability – no chance. But in this domain it succeeds. It got me thinking about what it is that makes it possible for Improv to… well, just work really, and what that could then teach us about creating successful teams in organisations. It all starts with three simple rules that allow everything else to follow freely:

#1 Listen to offers

The first time I got on stage to do an Improv scene my mind was screaming to me: “Say something. Anything. For the love of God fill the silence!” The result: disaster and a very public way to learn the hidden beauty of staying quiet and listening. And so comes the first rule: listen to what others are offering. The only way that something unscripted can work is if you are truly listening to all the cues your team are sending you about where you are in the scene, who your character is to them, and what the hell’s going on. Likewise, they need to be listening out for every possible piece of information from you so that you can all create something together.

There are many parallels here to what we see happening in teams. I can recall so many meetings in which it’s seemed like we’re all working off a different script. And why? Because that’s exactly what we were doing. We were armed with our own individual scripts about what we wanted to achieve, our foregone conclusions about the matter, ready to force that on others whether consciously or without even realizing that’s what we were doing. Next time you’re in a meeting with your team, try leaving the script behind. Make a conscious effort to focus and hear every ‘offer’ made by the other person. Every sentence, every word.

#2 Accept offers

The most awkward moments in Improv are when one actor makes an ‘offer’ in terms of what’s going on in the scene, for example: “Hey, great to bump into you. We always seem to see each other at this same park” only for their fellow actor to reject that offer and instead pursue their own agenda: “This isn’t a park it’s a school classroom, what were you thinking?” There’s really nowhere good to go from that point. It’s a clear rejection and now you are both completely lost somewhere in a…  school parkroom? Or a park school class? Huh? When this happens in Improv it’s painfully visible and the chaos that ensues is immediate.

Once again, having learned this the hard way in performances, I’ve become particularly aware of it in other realms of life and work. How often do we listen to someone’s idea (offer) only to reject it, either subtly by moving the conversation back to our own brilliant idea, or by outright declaring it impossible due to a set of constraints reeled out too quickly to be a true response to what we’ve just heard?

I think the reason we find this so hard is because it requires us to be vulnerable. In a scene, if I accept someone else’s offer in terms of where we are or what our relationship is, then I have to put more thought and energy into responding than if I were to simply shut it down and force my own idea – inevitably one I’m more comfortable with. It’s unknown territory and I can’t guarantee I’ll sail through it. Likewise, exploring someone else’s way of thinking at work means letting go of our reassuringly familiar reality to step into theirs. It’s uncomfortable. As a leader, you may feel you need to add value by having the vision and providing clarity of output. You may feel that if you’re not driving the meeting or the project, then you’re not doing you role as a leader. However, the two are of not mutually exclusive at all.

Next time you feel yourself inclined to say no to an idea – to reject someone’s offer – perhaps take a moment. Acknowledge that it feels a bit uncomfortable and then stick with it. It may be that the discomfort lasts only a few moments and is the path to something you never thought possible.

#3 Make other people look good

Every so often, I’ll be in a scene and see an opportunity to throw in a line so witty it’s sure to have the crowd thinking, ‘God she’s hilarious’. And every time I’ve given into the temptation it’s resulted in a soul-destroying awkward pause. Now, while this is no doubt useful feedback about the quality of my jokes, it’s also a fairly unanimous experience in Improv. Why? Because Improv is about teams, not stand up comics, and any attempt to elevate yourself over and above your fellow Improvisers just destroys whatever it is you were creating together.

And so comes the third rule: make others look good. The logic is pretty simple when you think about it: if everyone does it, then everyone ends up looking good. Lovely. So what happens if we take this approach in our teams? If we all go in agreeing that our role is to make our team members look good rather than being our individual best?

This doesn’t mean that individual performance is completely negated, but that in an environment in which no one superstar (or stand up comic genius) is sufficient to succeed, we all embrace working together. We all help amplify the performance of others and bask in the great feeling that comes with knowing that they will do the same for us. This is how we can unleash additional value, enabling others else to shine and then building on that ‘greatness’.

These rules are pretty simple. But what resonated with me was how incredibly important they are in any successful collaboration – whether it be a friendship, a relationship, a project team or maybe even an Improv group. And that they are mutually reinforcing. Follow one of the rules avidly and you’re sure to find yourself deploying the other two: really listen to the other person in your team and you will find yourself immediately more likely to accept their offer and help them look good.

In increasingly unpredictable and unscripted worlds, perhaps now is the time to truly embrace improvisation.

Here is what sports can teach you about being a good manager

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David2016 is a sporty year: I’ve picked up cycling, the Euro 2016 has ended little over a month ago and the world is already focusing on Rio. The Euro 2016 was full of surprises and I am sure the Olympics also has some up its sleeves during the coming weeks. Watching teams and athletes exceeding expectations and paying attention to my body’s signals when cycling made me think about what organisations could learn from sporting endavours. Here are three you may want to think about for your own team:

1. Creating environments in which it is safe to fail

The Euro 2016, just like many other tournaments, was not short of drama. We saw players missing important shots and even penalties. However, coaches sent them back to the pitch again and again on the understanding that failure is part of the game. If players felt that every little mistake would be heavily penalised, then they would be less inclined to take the measured risks necessary to ensure an interesting game and the prospect of success.

So what can team leaders learn from this? Well, we all need tolerance of failure within our teams. We need to create environments in which people feel able to innovate and try out new ways of working even if it does not work out in the end. Employees need to be aware that taking measured risks will not cost their career if and when they encounter challenges (and inevitably failures) along the way. One great example of this is Indian conglomerate Tata’s ‘Dare to Try’ award. This award recognises sincere and audacious attempts to create a major innovation that failed to get the desired results. It is a way of recognising that innovation brings with it the possibility of great successes, but also of opportunities to learn from failure.

The question you may want to think about is how do you, the manager, react when your team makes a mistake? Are people in your team and organisation supported in trying new ways of working?

This is a theme that comes out in many of the Jams we run with organisations. These facilitated, online conversations provide people with the opportunity to discuss their more pressing challenges and it is interesting to see tolerance of failure raised as an important characteristic of any innovative organisations. People need support in testing out new ideas.

2. Analysing performance in excruciating detail

Footballers, basketball players and swimmers constantly analyse their performance: During the match, in the breaks and after the final whistle. Even I note down my time, distance and speed after cycling. This helps us understand the factors that drive individual and team performance, and uncover any areas that need improvement. It also helps us understand individual needs. For example, in football, goalkeepers and strikers have a different diet. Why? A striker runs and sweats more than a goalkeeper, which means strikers need more energy[1] to live up to fans’ expectations. Teams collect huge amounts of data to monitor players’ development and strengths.

What does this teach you about performance? Semi-annual performance reviews will not do the job in a competitive, high-pressure environment.[2] Instead you may want to think about how often you review a completed project or a proposal that you have won or lost? The extent to which you analyse individual performance within the team after a project is completed, or whether you move on to the next project without actually understanding what happened and why?

3. Embracing agility

While sports teams have great icons, it does not mean they are the only players who can score. Take Ronaldo’s injury in the Euro 2016 final against France as an example, but I could also mention Kenya’s Jemima Sumgong’s truly amazing recovery during the London Marathon. She fell over, hit her head, and despite all this, managed to win the gold in the end. Portugal’s recovery was not less remarkable either: Nani took over as captain and Queresma was substituted for Ronaldo. Thanks to their agility, the players were able to change strategy less than half an hour into the game and take home the trophy.

Building an agile team is undoubtedly one of the toughest challenges managers face. In project teams, members may change frequently, or leaders may be called away to other roles or responsibilities and yet the team must continue to perform. This means it’s important to consider what contingency plans are in place if a key person were to be unavailable.

For inspiration from the business world, we can turn to music streaming service, Spotify. Spotify’s teams, or ‘squads’ as they call themselves, are good examples. Dr. Jeff Sutherland, inventor of the Scrum software development process explained that Spotify is able to compete with Google and Amazon in terms of performance by hiring agile coaches, employing seamless coordination and mastering the art of removing redundant steps from the project.[3]

How agile is your team and what can you do to ensure your team performs when circumstances change?

At the Hot Spots Movement we are always looking for inspiration from other industries – sports, Opera, dance – to see what we can learn. Football and other team sports are by no means perfect in terms of managing performance, but perhaps we can take something from the sport’s ability to create a safe-to-fail environment, its commitment to reviewing team performance in detail and its agility.

If you would like to learn more, or have a great example to share, get in touch at david@hotspotsmovement.com.

[1] http://www.telegraph.co.uk/men/active/11807652/Footballers-food-what-do-Premier-League-stars-eat-every-day.html

[2] Future of Work Research Consotrium. http://www.fowlab.com

[3] http://labs.openviewpartners.com/agile-done-right-agile-gone-wrong/#.V6SaD5MrJGN

Make Peace with Hierarchies

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haniahDespite all the talk about the strength of peer networks and the new technological utopia in which increased connectivity yields instant equality, power is still often a zero-sum game. In fact, getting organisations to do away with hierarchies is proving to be next to impossible. Notwithstanding the rich example provided by Morning Star and millions of books that call for employee empowerment, shared power arrangements remain extremely rare. On the other hand, for all its enemies, hierarchy is amazingly resilient.

Why do hierarchies persist? In 1832, as Charles Darwin travelled through Tierra del Fuego on the southernmost tip of South America, he came across a series of native tribes whose living conditions he described as ‘‘wretched.’’ He blamed their conditions directly on lack of power structures: ‘‘The perfect equality among the individuals composing the Fuegian tribes must for a long time retard their civilization. In Tierra del Fuego, until some chief shall arise with power sufficient to secure any acquired advantage, it seems scarcely possible that the political state of the country can be improved.”[i] Since he made that assertion over 180 years ago, numerous social scientists have similarly argued that hierarchies are necessary. In fact, many theorists have even argued that hierarchies are inevitable as they stem from our evolutionary roots. In other words, if different forms of organisation were more beneficial, groups would have successfully adopted them long ago.[ii]

Hierarchy has evolved to be the most dominant form of social organisation because it works. All those structures and roles serve a purpose. At its most basic level, the invisible hand of hierarchy helps people know who does what, when and how, and promotes efficient interactions by setting clear expectations and role clarity. Hierarchy also offers purely psychological benefits. Research indicates that perceptions of our rank and status in hierarchies are extremely important to us. In his book The Status Syndrome, Michael Marmot details how closely status is aligned with longevity and good health. Status even surpasses education and income, two factors that usually determine how healthy an individual can be throughout their life. An indicator of this is when Zappos gave the choice of embracing holacracy or taking a buyout, almost 210 of its 1,500 employees took redundancy rather than relinquish their hard-won management rank and the status that accompanies it.[iii]

Whilst it seems hierarchies are inevitable and here to stay, there is no doubt that they can sometimes be dysfunctional. The way forward therefore, is to reap the benefits of hierarchy while at the same time mitigating its negatives. At our recent Future of Work (FoW) Masterclass on Power and Leadership, we asked our participants the following four key questions in order to help them assess and future-proof their organisations’ power structures:

Does power inhibit voice? The vast literature on voice has underscored the reluctance of employees lower in hierarchy to communicate with their bosses. Laboratory research on groups also illustrates a similar pattern; participants temporarily assigned a low-power position tend to voice their opinions less, even though the hierarchy was just constructed moments before. How does your organisation create a psychologically safe environment for all employees to voice their opinions and ideas?

Does power have legitimacy? To ensure legitimacy of power, formal rank and competency must always align. However, people have been shown to rise to power for reasons other than competence. For example, research indicates that we are more likely to select leaders according to their sex, age and physical attractiveness than competence. In this context, it is interesting to note that there are fewer S&P 1500 companies led by women than S&P 1500 companies led by men named John. And John is more successful if he has a deep voice, a large signature and superior golf game.[iv] How does your organisation ensure that power has legitimacy?

How do leaders cope with power? Hierarchies will harm collective success when the possession of power induces leaders to be disinhibited and less sensitive to others’ needs. A significant body of empirical research demonstrates that there is a little bit of ‘Trump’ in all powerful people. In other words, powerful people are more inclined to be rude, to lie and cheat.[v] How does your organisation help leaders to cope with this dark side of power?

What is the effect on the powerless? Profound insights from neuroscience have brought to attention the multi-dimensional effect of powerlessness on employees. For example, lack of power has been shown to have negative consequences on employee well-being, motivation and even cognition. These findings should not really surprise you. Not being able to control your environment produces feelings of helplessness and stress, and study after study has documented that stress can harm your health and well-being. How does your organisation give employees opportunities to feel powerful, so that they do not suffer the consequences associated with powerlessness?

By understanding and answering these questions, organisations can create hierarchies that lead to victory with the fewest causalities along the way. The key lesson is that the future of power lies in making peace with hierarchies and learning how to empower employees without dismantling power structures.

[i] Darwin, C. (1906). The voyage of the Beagle (No. 104). JM Dent & sons.

[ii] Anderson, C., & Brown, C. E. (2010). The functions and dysfunctions of hierarchy. Research in organisational behavior, 30, 55-89.

[iii] Monarth, H. (2014). A company without job titles will still have hierarchies. Harvard Business Review.

[iv] Sebenius, A. (2016). CEOs Behaving Badly. The Atlantic

[v] The Trump in Every Leader. (5 September 2015). The Economist. Retrieved from http://www.economist.com

 

The Power of Amplified Intelligence

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Lynda - Hot Spots Movement - Portrait by LK - web size 72dpiThe quest for talent is one that has long preoccupied the world’s corporations. Many have honed their talent-acquisition skills to a very high degree, continuously boosting their intellectual resources by bringing in the most talented people from around the world. And it is undeniable that one of the biggest assets possessed by large corporations is their potential to find and connect some of the most talented and creative people in the world.

While the talent search is undeniably important, companies still often neglect the next crucial step: taking the intelligence inherent in their carefully picked talent pool and amplifying it to maximum effect.

The amplification of intelligence and wisdom is becoming ever more central to how corporations are addressing the challenges they face and to building resilience. There are four key elements to achieving this: the surfacing of ideas, amplification through open innovation, experimentation and the celebration of risk taking.

Surfacing ideas

For most of the history of corporate life, collaboration has happened when small groups of people worked together face-to-face. Technology is changing this – we now have connectivity tools which enable us to share ideas and knowledge not just within small groups meeting face-to-face, but also across thousands of people meeting in virtual environments. And yet, many large organisations still find themselves going back to the same small group of people for their next big business idea.

One example of how corporations can break this cycle and start harnessing the intelligence of ‘wise crowds’ is the Indian IT company Infosys. Their executive group decided to give younger employees a more active part in the long-term success of the business, by launching a virtual “Innovation Co-Creation Platform”. The platform enables employees to identify colleagues with whom to collaborate, to gain access to business data, and to consult experts and submit a business case for an idea. As well as generating valuable business insights and creating a fast and continuous flow of information from around the world, the platform has made it easier for senior management to identify the most knowledgeable and excited people in the organisation.

Amplification through open innovation

No matter how many great people you have within your organisation, there are always many more outside. Corporations have always been aware of this, hence their habit of engaging with universities and specialist research groups to boost their innovation capabilities – but they now have the opportunity to cast the net far wider and to gain access to ideas outside their established networks. Some good examples of this are InnoCentive, a platform which uses open innovation to connect problems to those with knowledge, and Proctor and Gamble (P&G), which has opened up its innovation challenges to the world through its Connect and Develop scheme – a process the company expects will deliver $3billion towards the its annual sales growth by 2015.

The importance of experimentation

One avenue for surfacing ideas which I think too many companies ignore is experimentation. This can be a particularly valuable process when you are faced with problems to which no-one has a ready-made answer. All the breakthroughs we have seen in medicine, for example, have come through a process of hypothesis, experimentation and clinical trials where several different options are tried out and compared.

Despite the scientific record, very few companies dare to experiment. When I was seeking out examples of corporate experimentation for my book, The Key, I found that they were few and far between and most of them were led by scholars or academics – further underlining companies’ apprehension about experimenting themselves. In fact, the only two that made it into the finished book were at Roche and Xerox. And yet, I feel that if companies would only dare to try, experimentation has a wealth of benefits to offer. After all, one of the biggest changes in the workplace – flexible working – was the result of repeated experimentation at BT.

Celebrating risk

One of the problems with experiments is that they represent a risk: it is not possible to be right all the time, and some experiments will fail. This can be a serious barrier to empowerment. If an employee is aware that their idea may not lead to the desired outcome, they are less likely to act upon the idea for fear of failure or – in the worst case – losing their job.

So how can corporations encourage employees to set aside their fear of failure? The key is to create a culture where experimentation is valued and failure is seen as a natural part of the process. At Tata Group, for example, the company’s Group Innovation awards include a ‘Dare to Try’ category for daring attempts at innovation which have failed.

It’s clear that the amplification of intelligence and wisdom – whether from inside or outside the corporation – plays a crucial role in helping people and organisations become more resilient. As the examples I have highlighted show, technology has a role to play, but it is those companies who are able to build amplification and connection into specific and every day organisational practices and habits that will reap the benefits.

“Immense harm is caused by the belief that work is virtuous” What we can learn from the old greats

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Screen Shot 2015-11-02 at 09.20.00In 1932, philosopher Bertrand Russell wrote an essay titled In Praise of Idleness. He was writing at a time when only the most affluent in society had the opportunity for leisure time while the poor laboured away in dirty, dangerous and dull work. Today, the situation is quite the opposite: for the first time in history, the most skilled, highest earners in society are working the longest hours. But why is it that those who can afford the most leisure are now taking the least?

It turns out we still have much to learn from the old greats such as Russell and Keynes. Both had distinct yet complementary philosophies on the meaning of work that may help us understand why affluent knowledge workers, with above average pay cheques and already high standards of living, are slaving away to the point of burnout.

The first message is that as a society, we have had a vested interest in seeing work as virtuous. Back in the 18th and 19th centuries, the virtues of work were extolled by the affluent, upper classes who, according to Russell, preached ‘the dignity of labour [to the poor], while taking care themselves to remain undignified in this respect.’ The dignity of labour ‘kept adults from drink and children from mischief,’ by distracting them with 15-hour work days. This ideology was reinforced by religious beliefs that the poor were far more likely to go to heaven than the rich, thus their gratification was coming, just posthumously. So what does this mean for today? According to Keynes, despite entire populations moving into higher skill, higher paid work, ‘we have been trained too long to strive and not to enjoy.’ We ascribe status now to those who make valuable contributions to the success of organisations and our ‘busyness’ has become a proxy for that level of contribution. Perhaps then, if we are to resolve the challenge of long working hours, burnout and stress, we need to remind ourselves of the meaning of work, its role in our own lives and in society as a whole. Now that we don’t need work to prevent us all from becoming delinquent on gin and to get into the afterlife, maybe we can reassess how we spend our time?

A second message from the works of the old greats is that how we spend our leisure time is also a point of contention. Both Keynes and Russell stressed the importance of leisure time in pursuing academic and creative interests. According to Russell, the small leisure class in previous centuries ‘cultivated the arts and discovered sciences; it wrote the books, invented the philosophies, and refined social relations […] without the leisure class, man would never have emerged from barbarism.’ Today, we might argue that these activities take place within institutions such as universities, businesses and NGOs. However, Russell warned that when ‘studies are organised […] the man who thinks of some original line of research is likely to be discouraged,’ making it an inadequate substitute for real leisure time.

While our context has changed markedly since the 18th and 19th Centuries, perhaps there is still something to take from this. How can we liberate people to pursue their passions, experiment and innovate under the necessary pre-condition of ‘no required output’? Some companies such as Google and 3G have attempted this with their ‘20% time to play’ rule, allowing employees to spend the equivalent of one day a week following up on an idea they have had on the understanding that it may come to nothing. But maybe, instead of creating rules around when and how much work time people can spend in liberated, free-thinking, we need to accept the fact that people need to be absent, disconnected and unrestricted if we want them to come up with new ideas. In short, we need to acknowledge the value of leisure time and ensure that work does not encroach. Likewise, we need to reserve energy as well as time for the pursuit of leisure or else, according to Russell, ‘pleasures […] become mainly passive: seeing cinemas, watching football matches, listening to the radio, and so on [… as a result of our] active energies being fully taken up with work.’

Keynes predicted that we would all be working three-hour days by now. We’ve perhaps ended up closer to Russell’s depiction of ‘a large percentage of the population idle, because we can dispense with their labour by making the others overwork.’ We simultaneously have people working extended hours and persistent unemployment. Could our ineffectiveness at addressing the skills mismatches behind this phenomenon be in part because we can make the skilled overwork? Both Keynes and Russell expected it to take some time to transition into a society that can accept and create value through extended leisure, without blindly pursuing more and more work as an end in itself. But perhaps it’s worth remembering Russell’s departing line: ‘there is no reason to go on being foolish forever.’

Sources:

Keynes, John Maynard. “Economic Possibilities For Our Grandchildren”. (1930): n. pag. Print.

Russell, Bertrand. “In Praise Of Idleness”. (1932): n. pag. Print.

 

 

 

 

 

 

 

 

 

 

 

How Firm is the Position of Older Workers in Your Organisation?

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DavidHenrik Ibsen’s play, Master Builder, tells the story of a self-made architect, Halvard Solness, who is increasingly afraid of the young displacing him. As I was watching the piece in the Old Vic Theatre a few weeks ago, one of Halvard’s lines caught my attention: “The young are waiting. In all their power. Knocking on the door.”[1] This made me wonder whether Halvard’s fear is actually real. Will older workers be made redundant by young upstarts? Does the mature workforce need to step out of the young’s way and give them space? And what are the implications – positive and negative – for organisations?

It turned out Halvard was worried about a myth. The reality is that your organisation will see teams in which employees like Halvard and the young will work together. The young were not knocking on Halvard’s door to take his job. Quite the contrary, the young showed up to take jobs his activity created.[2] So how exactly can employing older workers help your organisation grow and create more jobs in the process?

Age diversity provides you with the opportunity to combine skills and characteristics unique to different groups and thus create an effective and efficient organisation:

  1. The equivalent to Halvard in your organisation has been building their network for more than 40 years. The young know well that they cannot compete with that. Instead, on one hand, their ambition and determination can keep Halvard motivated. On the other hand, Halvard can transfer his network to the young, so your organisation has access to it when he retires.
  2. Younger workers are often still trying to define their mission and passion, which can translate into higher turnover. Indeed, according to one recent study, Millennials expect to change jobs every three years.[3][4] Chances are Halvard has worked for you for a while and he has stayed with the organisation through thick and thin. This means he has a deep understanding of the history and culture of your company that cannot be easily emulated by new entrants.
  3. In the past decades, work became part of Halvard’s daily routine, and all of a sudden he has 8 hours on his hands to kill. Flexible working is a good way of helping people like Halvard transition to retirement. In fact, there has been a 140% increase in over-65s running their own business in the last decade, revealing the many new ways in which organisations can engage with more mature workers.[5] It’s a win-win as the organisation retains Halvard’s critical skills at a reduced cost, and he gets some help with his pension too.

So what can you and your organisation do to avoid a Master Builder-like frustration?

  1. Help the Halvards in your organisations continually update their skills to stay relevant in a new day and age.[6] Organisations such as GE and HP use reverse mentoring to help different generations learn from one another and to enhance generational cohesion.
  2. Sense check the signals you are sending to older workers. Do your people processes and practices signal that mature workers are valued? Or do pension arrangements, performance processes and training budgets signal that careers have a hard stop at 65 in your company?
  3. Break the perceived link between age and stage in your organisation. Retaining older workers will mean people may be managed by someone younger than them. This can create conflict in organisations in which progression and seniority are strongly linked to age and tenure. Creating more flexibility in career ladders is one way to ensure that age and seniority are no longer considered one and the same.

So, what’s the conclusion? Yes, the young are coming and knocking on the door in all their power. Halvard however still has a great deal to offer. As his good friend and counsel, Dr. Herdal, tells him, “You are not laid on the shelf yet, I should hope. Oh no—your position here is probably firmer now than it has ever been.”

Find out more about the challenges and opportunities of longevity by pre-ordering your copy of Lynda Gratton and Andrew Scott’s upcoming book, The Hundred-Year Life at www.100yearlife.com or contact David at david@hotspotsmovement.com

 

[1] As written on the Old Vic Theatre’s website.

[2] Milligan, B. Older workers create extra jobs for young people – report, BBC – British Broadcasting Corporation 2015

[3] Meister, J. Job Hopping is the ‘New Normal’ for Millennials, Forbes, 2012

[4] Trends and Drivers of Workforce Turnover. Mercer Workforce Metrics Survey, 2014

[5] Altman, Dr. R. A New Vision for Older Workers: Retain, Retrain, Recruit, A Report to Government 2015

[6] Steimle, J. Reverse Mentoring – Investing in Tomorrow’s Business Strategy, Forbes, 2015

 

It’s Official: Mergers and Acquisitions are Back

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SONY DSC2015 was a record year, with $4.2 trillion of transactions pending or completed at the end of December. This news leaves shareholders and Mergers and Acquisitions (M&A) bankers gleefully rubbing their hands together, however history has repeatedly shown us that after too many mergers employee engagement is lost. So what should you do if you’re the person left with the herculean task of curating these two very separate groups of people into one cohesive body with a shared purpose, values and community?

Let’s take a look at why disengagement sets in. Organisations have an unnervingly brief window of opportunity after announcing a merger to create a single community with shared values and purpose. If they don’t act fast, this opportunity is lost and the “us and them culture” sets in; individual employees ask “where do I fit in?”; and the values of the dominant company swallow up those of the smaller company. This makes the chance of cementing a truly joint purpose, from an engaged community with shared values, unobtainable.

So what should you be doing to avoid this? Well for a start it is fundamental that organisations engage employees from both sides of the merger in the co-creation of shared values as soon as possible after the merger announcement. This must be an engagement at scale, and in a way that enables them to contribute to the discussion and formulation of the shared values. The very act of focusing your people on co-creation establishes a sense of community across both sides of the merger. This sense of community in turn pushes the newly formed organisation over a tipping point of engagement. You can capitalise on the renewed energy created by heightened engagement to rapidly sense-check shared values across the organisation and enable employees to feel ownership over these values. This process creates a sense of belonging, motivation and engagement on an individual level, to maintain the energy and drive needed to push through the stress of the merger.

By following a process of acting both rapidly and inclusively you ensure that, instead of creating a sense of loss at the changes made by the merger, you’ve created a community. This is a community with a shared purpose, driving engagement, around the values of your newly formed company. This engagement has the added bonus of contributing to the success of the merger, ensuring your shareholders are still happy.

Do you need to cement values across silos? Contact harriet@hotspotsmovement.com for further information on how to achieve this.