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Purpose & Vision: Overcoming Trump’s Fear-Driven Capitalism, Part 2



Photo credits:  „Eye“: http://tinyurl.com/y8gb8h4b. “Fear“: http://tinyurl.com/y8gtw3wj.

Photo credits: „Eye“: http://tinyurl.com/y8gb8h4b. “Fear“: http://tinyurl.com/y8gtw3wj.

Trump’s economic policies are starkly different from his predecessors and deviates from mainstream economics and political thinking.  Take, for example, his massive tax cuts for the corporate world or his initiated trade wars.  Just by looking at recent economic numbers and the booming stock market his policies seem to pay off and open a new era of economic prosperity.  But do they really?

Long-term market performance indices and forecasts tell a different story.  Shareholder buybacks and alike contribute nothing to building a solid foundation for future business success.  They yield short-term benefits and the party is on.  But, for how long?  Where does it lead to?  Has big money finally succeeded and overtaken economic and political thinking?  How sustainable is this short-term growth? Who benefits, who loses?  And, last but not least, what kind of answers does it provide to today’s global challenges that are becoming more and more volatile, uncertain, complex and ambiguous?  What if Trump’s favored form of capitalism leads to a dead end?!

As explained in a previous post, I am more than skeptical about the outlook of traditional capitalism.

Fact is that traditional capitalism does not answer today’s challenges in a VUCA (volatile, uncertain, complex, ambiguous) world, widens the gap between rich and poor, exploits and threatens to destroy our environment and thus our own planet.  What we need is a different, a new business paradigm that not only helps find solutions to today’s problems but can also serve as guidance to sustainable business in the 21stcentury.

In this article I explain why and how purpose-driven human business can make a huge difference.  It differs significantly from the classical business paradigm.  At the same time it has built-in bridges every business can cross to build a sustainable future.

Maximizing Shareholder Value: Engine for Growth?

There is one and only one responsibility of business: to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.

– Milton Friedman

No doubt, Milton Friedman and shareholder value theory has shaped Western business since the 1970s.  It has led to tremendous wealth of companies as well as societies, even though the fruits of this growth have not been distributed equally.

And, Milton is still very much alive as Steve Denning points out in a Forbes article.  He explains that “in 1990, an article in HBRby Michael Jensen and Kevin Murphy, gave shareholder value thinking a new push. The article, “CEO Incentives—It’s Not How Much You Pay, But How” suggested that CEOs were being paid like bureaucrats. Instead, they should be paid with significant amounts of stock so that their interests would be aligned with stockholders. Thereafter, the use of the phrase ‘maximize shareholder value’ exploded and CEOs became very entrepreneurial — but in their own cause,not necessarily their firm’s cause.”

Denning continues stating that “by 2017, shareholder value thinking was everywhere. Joseph Bower andLynn S. Paine reported in Harvard Business Reviewthat shareholder value thinking “is now pervasive in the financial community and much of the business world.” It had led to a set of behaviors by many actors on a wide range of topics, “from performance measurement and executive compensation to shareholder rights, the role of directors, and corporate responsibility.”

Acknowledging shareholder value thinking is prevalent in today’s business world, and a booming stock exchange market, what’s so wrong about it?!  Why change a winning formula?!

On the face of it, shareholder value is the dumbest idea in the world.
– Jack Welch

Jack Welch, former CEO of General Electric, had been heralded as one of THE proponent of maximizing shareholder value.  This is in contrast to what he has been preaching since he left GE, stating „On the face of it, shareholder value is the dumbest idea in the world.“ Welch also pointed out several times that „shareholder value is a result, not a strategy . . . Your main constituencies are your employees, your customers and your products.“

So far so good.  But what about business performance in the market place?

According to the 2009 Shift Index of Deloitte’s Center for the Edge there is conclusive proof of failure of traditional management.  Accordingly

  • The rate of return on assets has fallen by 75% since 1965
  • The life expectancy of Fortune 500 firms is down to 15 years, and is heading towards 5 years.
  • Only 1 in 5 workers fully engaged

Preserving the performance of a status quo may be laudable.  Yet, it doesn’t secure lasting, sustainable business.  The opposite is true.  Mariana Mazzucato  explains that „shareholder value theory – the destructive idea that companies should be run solely for the benefit of shareholders – has led to financialized businesses that do not invest in the areas that will lead to future growth or the invention of useful new products.“

In short, traditional businesses infiltrated by shareholder value theory not only ignores long-term perspectives, they also risk their own future existence.  Myopia at its best.

Stuck in the past

In face of this evidence why do so many companies still stick to a business paradigm of the past?

There are lots of reasons for clinging to this pastime.  Let’s have a look at two of them:

  1. For one, it is convenient.  Governance in most businesses still built on the old business paradigm, along with complicated incentive system for individual and company performance at the stock market.  Changing these processes and culture takes ages.  Why change it given that those who would have to make the call for a change personally benefit from the old system?
    Linking maximizing shareholder ‘value’ to personal compensation blinds managers from the real world – and most of them don’t even realize it because they were born blind or lost eyesight early in their childhood (or education). From this perspective, they live out their DNA. I guess, you can’t even blame them for their upbringing shaped their belief system. They were indoctrinated.
  2. A second reason for favoring existing belief systems is that proponents of the status quo simply don’t see any real alternative at hand.  Thinking in complicated, elaborate governance structures and processes implies that there needs to be an even more complicated system? There is simply no time to address this, even less so, coming up with new ideas that improve existing processes.

As long as this reasoning prevails, it is difficult to change anything until it may be too late.  Alas, it is not that complicated at all.  Let’s have a look at the opposite of the traditional business paradigm of short-term profits and shareholder value theory.  It’s called purpose-driven business.

MVP’s for doing business in the 21stcentury

A purpose-driven business follows a compass that gives a clear direction for the future of the business.  The compass also indicates where the business is coming from, i.e., why it is business in the first place.   Both, the motivation and the vision of a business constitute the credo of its practice. I call this the MVP of a purpose-driven business whereas stands for motivation, for visionand for practice.

For example, Johnson & Johnson’s company credo is engraved in granite at the entry to company headquarters, which makes crystal clear that customers are first, then employees, and shareholders absolutely last.

Another example is Procter & Gamble which declares in its purpose statement: ‘We will provide branded products and services of superior quality and value that improve the lives of the world’s consumers, now and for generations to come. As a result, consumers will reward us with leadership sales, profit and value creation, allowing our people, our shareholders and the communities in which we live and work to prosper.’

On this token, a business that has forgotten or neglects its motivation or vision for short-term gains, such as maximizing daily stock prices, may just as well be digging its own grave in the long-run.  It is anything but a purpose-driven business.

Human business is purpose-driven business

Facing the increasing number of challenges in our volatile, uncertain, complex and ambiguous (VUCA) world, Human Business addresses today’s challenges.  It focuses on serving and delighting its customers, workforce, business, and society.  And it does so holistically and puts us as humans in its center.  That is, it constantly seeks ways and means to generate and add sustainable value to its customers, workforce, business, and society.  From this perspective human business follows three elementary principles:

  1. Delight your customer(s)
  2. Take care of your employees
  3. Build sustainable business value

(1) Delight your customer(s)

Having a customer focus is not new.  Peter Drucker, father of management thinker, explains that

There is only one valid definition of a business purpose: to create a customer.”

Alas, delighting a customer goes beyond creating or satisfying a customer. Delighting a customer implies that a business has a deep understanding of the needs, expectations and wishes of its customers and strives to fulfill and exceed them.  It seeks to build customers for life.  It reaches out to its customers, communicates with them, walks in their shoes and shows a sincere interest in them.  There are no quick fixes for this approach.  It is an attitude and belief system.

(2) Take care of your employees

Employees are not resources like products.  They are human beings and want to be treated as such.  A human business understands and practices this.  It shows

a sincere interest in the needs of their employees. It starts with a safe, secure and environmentally friendly work environment.  For employees to follow a direction you have to set it, share it and let your employees contribute to it. Let them become a part of it.

Dov Seidman states that „working with passion is an engine that is unbelievable. A person with drive and passion does three times the job of another person. But it is not so much the quantity of the job; that is not the point. The point is that they draw crowds; they have followers; they push, and lead, and so achieve much more.“ (Dov Seidman (2011). “How: Why How We Do Anything Means Everything”, p.295, John Wiley & Sons)

(3) Build sustainable business value

Shareholder value is not identical to business value.  Business value comprises short-, mid- and long-term business concerns, interests and investments.  Business value is made up of a number of factors: the overall business performance and outlook, customer satisfaction ratings, market position, innovation performance, the skillset and turnover rate of the workforce, the attractiveness of the company as an employer of choice and many other factors.

Whereas the daily stock price is heavily influenced by quarterly results and a relative short time horizon into the future, business value is more than quarterly results.  Jeff Bezos clarifies why holding a long-term perspective is so important:  “If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people. But if you’re willing to invest on a seven-year time horizon, you’re now competing against a fraction of those people, because very few companies are willing to do that. Just by lengthening the time horizon, you can engage in endeavours that you could never otherwise pursue. At Amazon we like things to work in five to seven years. We’re willing to plant seeds, let them grow—and we’re very stubborn. We say we’re stubborn on vision and flexible on details.” (Source: “Jeff Bezos Owns the Web in More Ways Than You Think”. Interview with Steven Levy, www.wired.com. November 13, 2011.)

Last but not least, business value doesn’t only look at business numbers but includes corporate social responsibility, too. Klaus Schwab, founder and head of the World Economic Forum, explains that “corporate social responsibility is measured in terms of businesses improving conditions for their employees, shareholders, communities, and environment. But moral responsibility goes further, reflecting the need for corporations to address fundamental ethical issues such as inclusion, dignity, and equality.”

Human business as a compass for organizational excellence

Klaus Schwab’s wide view on business value summarizes what it means when we say that human business is holistic and human-centered and focuses on generating and adding sustainable value to its customers, workforce, business, and society. It serves as a business compass that helps optimize daily operationsand build and sustain organizational excellence.

Walking the Talk. Building a Human Economy

Art of New BusinessAt Motivate2B and The Art of New Business we are witnessing businesses that have made the transition to a human business.  And, we too, follow the principles of human business by ourselves. What else can we do?!  We walk the talk and invite you to do the same.  Please join us and share your stories.

Posted in: Agile, Future of Work, Human Business, Leadership, Sustainability, Uncategorized, WEF

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3 Most Common Barriers Keeping Conscious Business Leaders on the Hamster Wheel

[originally published in the Huffington Post on 25 Nov 2016]

If there ever was a time to realize creative potential inside companies it is now. A quick look at the top issues facing companies of all sizes reveals the usual short list: attracting and retaining talent, managing reputation, with the need to create flexible workplaces and balance benefits with bottom line. While tempting to view these challenges with concern over the bottom line, doing so sabotages gains possible when entrepreneurial spirit applied to innovation is ignited full throttle. Even conscious business leaders, who keep an eye on the horizon (longer term), getting work done and being attentive to workplace dynamics, are still susceptible to running around in circles.

In case the term ‘spirit’ is distracting, a definition is in order. Personal spirit refers to three measurable elements:

  1. initiative,
  2. sense of control, and
  3. outlook on life.

Entrepreneurial spirit combines personal spirit with a sense of adventure, willingness to experiment, an insatiable desire to learn and a capacity to bounce forward.

Without entrepreneurial spirit at play, companies plod through the motions, guided by habitual processes and routine. The company runs on auto-pilot so much so that either the purpose of the task is assumed, or the underlying agenda is to explicitly or implicitly control behavior. Either way, the company falls asleep at the wheel numbing leaders into the same repetitive albeit comfortable cycle. Running hard to wind up in the same place.

Context Drives Behaviour and Regulates Entrepreneurial Spirit

The term ‘conscious business leaders’ applies to a small group since

85% of leaders in the U.S. are operating at the survival level. [See Seizing the Executive Imperative To Expand Consciousness] One source of the hamster wheel is the existence of internal politics. Behind internal politics is the desire to protect personal reputation at the expense of achieving business goals. Aversion to risk, and therefore innovation, is inherent. Entrepreneurial spirit suffocates in working climates where trust is low and expression of diverse ideas is suppressed. In contrast, innovation requires creativity and a comfort with uncertainty.

The Impact of Systemic Barriers

Systemic beliefs add to the pressure of delivering on short-term goals blocking innovation and adaptability. Attracting and retaining talent, or mitigating risks to reputation are restricted to a narrow set of strategies arising from one or more of these three dangerous barriers:

custom_sign_with_traffic_cones_11627Focusing on Recurring and Constant Barriers

Characteristic of problem oriented, adrenaline charged companies is the persistent focus on solving problems. Problems love analytical thinking. Innovation on the other side requires exploratory thinking – the opposite of problem solving. Linear thinking doesn’t help because problem solving tends to assume that there is a singular root cause. In a complex system, multiple causes exist. Unless perception is expanded you will find yourself running in circles: busy but not productive.

Asking leaders to innovate and apply their entrepreneurial spirit while continuing to focus on barriers keeps everyone running in a loop.

Personal Impact:

Leaders find themselves chasing problems. Since what you focus on expands, problems also expand. Adrenaline is addictive as is the illusion of feeling in control. In workplaces designed to control behaviour, business leaders at every level will find themselves repeating the same patterns over and over again.

Insight
Awareness of what you are focusing on helps you develop flexibility in how you perceive (see) the situation. Increasing flexibility gives you more options, while letting go of the need to control everyone else. It is a start at least.

custom_sign_with_traffic_cones_11627-3Falling Unconsciously into Organizational Patterns and Behaviors

Beliefs keep decisions running in a rut and operate without being noticed until you systematically poke them to the surface. For example, walk into a company that believes it exists to purely make a profit and you will find behaviours shaped by those beliefs. Or if, for instance, the core belief is that employees must be told what to do, then selection of metrics and implementation of performance management strategies will reflect that belief. Beliefs drive decisions unless the company and business leaders have deliberately worked with values as a principle-based approach to decision making.

Where habitual patterns operate on unchecked auto-pilot, efforts to explore and experiment (the prerequisites for innovation / entrepreneurial spirit) run smack into complacent thinking. “Do something different, but don’t change anything.”

Organizational Impact:

Take a look at the metrics. Whenever a company focuses on quantitative measures and statistics alone, meaning is likely to be missing. Without meaning there is no inspiration and no fuel to fire up creativity, much needed for innovative responses to uncertainty.

Insight
Reflecting to observe patterns in recurring issues or undesirable results, strengthens ability to pivot.

custom_sign_with_traffic_cones_11627-2Losing Connection to What Matters Most to You

By far the biggest barrier is to sight of what matters most to you as a fully aware and caring human being with a desire to contribute your talent to something meaningful. Yes, food needs to be put on the table but the days of trading your soul for security are gone. Rather than being driven by the need for societal approval or by metrics that manipulate behavior reconnecting to your personal sense of purpose and of inspiration is the only door available going forward.

Insight
Personal reflection to identify what you rely on: social approval, meeting external expectations for instance, enables you to chart a course toward personal fulfillment.

What do you see as the barriers to stepping off the hamster wheel and do what you believe, deep down, you’re truly capable of?

About Dawna Jones:

Dawna Jones delivers customized workshops and insights raising leadership and decision making awareness of a wider spectrum of skills and intelligences. She provides dynamic oversight into organizational change initiatives by spotting the patterns, and openings for innovation and fresh approaches to working with complex adaptive systems. Contact Dawna through LinkedIn or directly at www.FromInsightToAction.com

Follow Great Work Cultures on Twitter: www.twitter.com/GWCLeadLink

Posted in: Centeredness, Future of Work, Guest Blogs, Institute, Uncategorized

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Traditionelle Organisationsentwicklung führt in eine Sackgassse


Heute erklärte ich den Teilnehmern des HR Summit beim 12. Deutschen Corporate Social Responsibility Forum warum traditionelle Organisationsentwicklung in die Sackgasse führt, weil es auf den falschen Annahmen und überholten Management-Theorien basiert.  Stattdessen plädiere ich für einen agilen Ansatz der organisatorischen Potenzialentfaltung.  Ein entsprechendes Programm entwickelte bei und für Magna International.  In der Kürze der Zeit war es nicht möglich, näher auf dieses Programm einzugehen.  Einen kleinen Einblick gibt die Kopie meiner heutigen Präsentation; bitte hier klicken.

Posted in: Empowerment, innovation, Keynotes, Leadership, Uncategorized

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The MVP Model for Project Success


I believe that for projects to excel and evolve into WOW projects it is not sufficient to focus on project objectives and even less so on requirements.  One of the reasons is that they are subject to change.  If involved project members and stakeholders believe them to constitute the foundation for the project, such changes ought to lead to terminate the project, unless they don’t really know what they want to do or strive for.

WOW Projects
WOW Projects are projects that add value, projects that matter, projects that make a difference, projects that leave a legacy. And those are projects that bring happiness into our daily lives – on the individual. team and customer levels.

Successful WOW projects are characterized by a strong, commonly understood and supported motivation and vision by all involved parties.

  • The motivation describes why the project starts in the first place.  This could be a problem that needs to be resolved or an idea worth exploring.
  • The vision delineates the ideal state in contrast to, for example, the problem that triggered the project.

Both motivation and vision are long-lasting, they are not necessarily time bound.  Unlike projects which are time-boxed, having a start and finish date.  Corollary, motivation and vision set the overall direction of a movement of which a project is a stepping stone.  In other words, motivation and vision may serve as a compass during the complete project life cycle.  Project objectives and requirements may change, the motivation and vision don’t.  If they did, a project lacks the necessary foundation of existence; if continued it may become a zombie project but that’s pretty much it.

In short,  for projects to excel and evolve into WOW projects you need the full understanding and support of your MVP – motivation, vision and project goals – by all project team members and stakeholders.

Sparks for WOW projects

Developing an MVP for a project is the first prerequisite for developing successful WOW projects.  It doesn’t stop there.  Project work is teamwork.  Hence, it is equally important to develop MVP’s for both the team and the individuals.

MVP Model and WOWRegarding the latter, individuals, project leadership ought to provide the space for individual team members to identify and share their personal MVP’s, i.e., what motivates them to work on the project, what they envision and what concrete goals they may have.  Sharing personal MVP’s may be strange for some people.  But then, if you are seriously interested in developing and sustaining a successful WOW project wouldn’t you want your teammates to know what drives you, what you expect, what you want to contribute and vice versa?!  Sharing personal MVP’s helps move a group of individuals closer together and thus contribute to team building.

Finally, aligning all three MVP dimensions – project, individual and team – is where magic can happen; it is the spark for WOW projects.  It takes teamwork to the next level.  It is like three separate entities moving into the same direction at an accelerated pace, not because of external pressure but intrinsic motivation.  The outcomes are greater happiness, productivity, quality and, last but not least, results.

Build your MVP’s for project success

Even the longest journey starts with the first step.  On this token, I encourage you and your team to have a closer look at your own project(s).  Please let me know if you’d like me to help you build WOW projects through customized workshops and trainings.  Workshops can be as short as 2 hours or several days depending on your needs.  Or, if you like, I can accompany your journey over a period of several weeks through coaching and consulting.

Posted in: Institute, Leadership, Tools, Uncategorized

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Do It With Passion and Succeed


I believe that one of the key factors for happiness at work, and this includes projects, is PASSION. Passion comes from feeling like you are a part of something that you believe in, something bigger than yourself.

Passion in a groupThis meaning by itself is still fluffy if you expect a formal definition of the term.  Alas, I am not sure whether or not it is a) possible or b) desirable to offer a formal definition.  Passion is, just as ‘happiness’, very personal and subjective in its meaning and its implications. Hence, I like to stay it with the attempt of the offered description of passion, i.e., passion comes from feeling like you are a part of something that you believe in, something bigger than yourself.

Careful! Passion is contagious and the gate to being and expressing yourself

And yet as ‘passion’ is subjective as it may be it is not limited in its scope.  Passion can be contagious.  Look at a group of people who are passionate about their activities, may it be music, sports or work.  When you observe them not only can you see the smiles in their face, you can literately feel and sense their passion, their excitement and energy.  These people share something in common, something that moves them, something that excites them.  And they love every minute of it.  What would you do as an observer or bystander?

I can speak for myself: most likely, watching a passionate group of people would make me smile for I like it when I see people who are happy. And I may even admire them for having found their passion and expressing it.   It is cool and it is worthwhile striving for.  It may remind me of my own passion.  Or it may remind me that I yet have to identify my passion in a specific area and express it.  Fact is that expressing your own passion releases energy and it comes back to you multifold in a very positive way.  It is a ‘flow’ state where time seizes to exist and you enter a state of ‘being’.

Achieving a ‘flow’ stateIMG_1958

Achieving a flow state is a wonderful experience.  It is fun, exhilarating, exciting, stress-relieving, enjoyful, dramatic and pure.  It is multi-dimensional in the sense that it can come from your work or project, from your own personal self or from and with your team, or – even better for a project or work setting – from all of these levels, i.e, individual, group and project levels.  This is what happens in WOW projects.  WOW projects are projects that add value, projects that matter, projects that make a difference, projects that leave a legacy.  And those are projects that bring happiness into our daily work life.  Both on the individual and team level.

Passion is a key ingredient to this WOW experience.  So, go out, find your passion and do it with passion.

Learn more

Learn more about how to find your passion and use it in your projects at work.  For example, have a look at my seminar “Finding the Spirit of WOW Projects“.

I will be giving a keynote address on ‘Leadership, Happiness and Project Success’ at this year’s PMI Netherlands Summit on Thursday 12 June 2014.

Posted in: Happiness, Uncategorized, Upcoming Events, WOW projects

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Leadership doesn’t need tools but principles


Developing my new workshop “Leadership, Happiness and Project Success” I came across the question whether or not there can be tools for developing leadership.  After all, the second part of the preliminary workshop agenda read “Create a strategy with the best tools possible”.  It is a legitimate question and I think easy to answer:  If you ask me if leadership requires tools my response is “No! Leadership requires principles.”  Principles give you guidance and an orientation.  Tools are superficial, they are means to reach a goal but no more.

Remember the saying “A fool with a tool is still a fool”?  Well, this applies to those who are interested in leadership, too.  No, just by applying good and effective tools you do not develop leadership.  Leadership goes deeper, it comes from within, i.e., you have to know where you are coming from, what drives you and where you want to go.

In a project setting I have found the following leadership principles most helpful:

1Build Vision

Sharing a common vision and goals with your team and organization and having the same understanding how to achieve it are key factors for project success.

2Nurture Collaboration

A performing team yields synergy effects; the impossible becomes possible. This is why team building is crucial.

3Promote Performance

Both on the individual and team level. Inspire and ignite team magic.

4Cultivate Learning

Effective leaders are open for receiving and giving feedback. It requires courage to explore new avenues and to make mistakes and to learn from them.

5Ensure Results

Delivering results is both a prerequisite and an outcome of effective leadership.

 

These five principles are not limited to the role of the project manager or project leader. Indeed, you can apply the five principles of effective leadership in any role you fill on a project, whether as the official project sponsor, project manager, team member, external consultant, project auditor, or any other project role.

Practice leadership in your role, and thus contribute to project success

It may be difficult at times. But it is possible. Every journey, regardless of how long it may be, starts with the first step. Take this step and move forward.

Posted in: Centeredness, Happiness, Leadership, Project success, Uncategorized

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The 2011 PMI Global Congress North America in Dallas – Part 3 – Take-Aways from Sessions on Leadership, Project Winners, the Learning Project Organization, and the future PMO


This is the third part of my impressions of the 2011 PMI Global Congress North America in Dallas.  Part 1 talks about the conference setup.  Part 2 covers my lessons learned from sessions on sustainability, ethics, innovation, and Agile.

In this 3rd part I am talking about my takeaways from sessions about Leadership, Project Winners, the Learning Project Organization, and the future PMO.  Happy reading!

Leadership

Slides of my own session “SFT02 – The 5 Team Leadership Principles for Project Success – Part of Leadership Community Track” are available for download as well as on Slideshare.  Both Links are available on my blog.

Michael O’Brochta’s session “PRJ09 – Leadership Essentials for Project Management ProfessionalsPart of Leadership Community Track

What else can I say about any of Michael’s sessions?  You have to attend them.  They are and Michael is AWESOME.

Here are some of my tweets and insights I took away from this exceptional session:

  • Servant leadership: how can I help? What can I do to help?
  • Powerful leadership styles: collaboration, trust, empathy, ethical use of power
  • Situational leadership: participating, selling, telling, delegating
  • Transformational leadership behavior: inspiring change beyond self-interest
  • PMP + Leadership = Success
Thomas Juli and Michael O'Brochta

Thomas Juli and Michael O'Brochta

Lazy Project Managers

Peter Taylor’s session “ISS09 – The Lazy Project Manager Salutes the Project Superstars

Peter Taylor explains why we should think of us as superstars.  Why?  Because project management is – or shall we say, ought to be – more prevalent than most of think.

One of my tweets during this great session was:

  • Famous historical project managers: Leonardo da Vinci, Henry Ford, Nelson Mandela

The Learning Project Organization

Slides of my second presentation “ISS13 – The Learning Project Organization Part of Learning, Education & Development Community Track” can be downloaded from my blog at  or viewed on Slideshare.

The Future PMO

What I have said about Michael O’Brochta applies to Jack Duggal, too.  His sessions fall in the category “Must attend”.  In Dallas Jack talked about “Reinventing the PMO for the Next Decade”.

My tweets during this session included:

  • A high degree of compliance (80% and more) to project management processes did not correlate to project success, according to a recent study by Jack Duggal.
  • Today’s project environment: Dynamic and changing, ambiguous and uncertain, non-linear, complex, emerging
  • Bob Dylan: If you are not busy being born, you are busy dying.
  • The focus of the future PMO will and has to change:
From focus on … to focus on …
Service & support Ownership & accountability
Delivery Adoption and usability
Delivery-oriented governance Business-oriented governance
Delivery of projects & deliverables Benefits revitalization and value
Configuration-oriented change management Change leadership
Dealing with the pain of the day Holistic, balanced and adaptive approach

… what about the other sessions?

There were so many sessions I wanted to attend.  Often it has been very difficult to make a choice.  Luckily there are papers and presentations to download from the Congress’ websites.

Future Congresses

Oh yes, there will be many Congresses to come. And I hope that I too can participate in them.

So, tell me and all other readers what you have experienced in Dallas.  What were your highlights?  What did you miss?  And what did you take away from the Congress?

Posted in: Agile, Empowerment, innovation, Keynotes, Leadership, Miscellaneous, Project Management, Uncategorized

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A must-read for agile project managers


If you are interested or alreaday practicing agile project management Michele Sliger’s and Stacia Broderick’s book “The Software Project Manager’s Bridge to Agility” (Addison Wesley, 2008)  is a must-read.

There are a LOT of books on agile project management out there. Unfortunately, there are hardly any which explain how to build a bridge from traditional to agile project management. This books fills this gap.
One of the outstanding features of the book is that it explains how Agile differs from the PMBOK, one of the world standard in project management these days. Even more important it shows that Agile is not contradictory to the PMBOK or vice versa. It thus succeeds building the much needed bridge for traditionalists.

Readers who have read about Scrum, XP and other agile approaches are highly recommended to read Michele Sliger’s and Stacia Broderick’s book. The modern and effective project manager should be knowledgeable and experienced in both approaches and be able to pick the right approach for the customer.

I highly recommend this book.

Posted in: Book Recommendations, Uncategorized

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