The Lead, AchieveForum’s weekly brief of leadership news and insights, provides quick clarity into relevant headlines and straight-forward analysis for applying effective leadership tools and techniques.
Listening to music while driving seems incredibly commonplace, so it’s hard to imagine how something with such an everyday autopilot nature could see dramatic innovation. And yet, the relationship between automotive and media industries may see considerable change in the foreseeable future. With more targeted media experiences and analytics enabled by 5G in combination with ridesharing networks of drivers and riders, the next music format could likely be a disruptive technology. Major labels, festivals, and award shows already frequently work with rideshare transportation providers to promote their artists, and when analytics tools are added to the mix, multiple mutually beneficial opportunities arise such as those that create a more customized listening experience for riders and more sales for musical artists. Entertainment in driverless and “conditionally automated” cars is projected to produce between $15 billion and $20 billion between 2018 and 2028.
Our View: Partnerships that cross industries pose additional complexity than more conventional business collaborations, but they also have immense potential to create value. Being flexible and open to change is a key ingredient to maintaining strong inter-industry partnerships. Relationships become strong building blocks make these partnerships successful when leaders are sensitive to political, cultural, organizational, and human issues. Maintain a win-win mindset with the simple exercise of finishing the statement “this would benefit all stakeholders if…” and encourage your team to participate in the exercise. Seek teaching and learning roles regardless of your positional leadership status. Further Reading
Related AchieveForum content: Leading Across Boundaries, Leading with Influence
The U.S. Department of Health and Human Services recently issued new physical fitness guidelines that less than one in three Americans currently meet. The guidelines say that adults should get at least 150 minutes of moderate-intensity aerobic physical activity along with two sessions of muscle-strengthening activity every week and that children ages 6 through 17 should get at least 60 minutes of moderate-intensity aerobic physical activity per day in addition to three sessions of muscle-strengthening each week. A cardiologist on the guidelines’ advisory committee explained that simple day to day changes like parking farther from entrances and taking the stairs count as exercise.
Our View: Changing your routine by as little as where you park can make a difference in the amount of time you exercise and in turn, the quality of your health. Furthermore, little changes you make become habits that prevent decision fatigue and free up mindshare for more creative tasks. Strive for momentum. Writer Ernest Hemingway was known to always finish his writing day mid-sentence in order build momentum and stave off writer’s block. Further Reading
Related AchieveForum content: Adapting to Constant Change
The EnergyCompass is a new tool to improve energy literacy in Ontario and improve green building designs to help reach net-zero carbon emissions. It is a free data visualization platform that can be used to help construction professionals streamline energy benchmarking and reporting during the design phase of building development projects. “Previously, data available through energy simulation studies has not been leveraged en masse to analyze performance trends or to benchmark similar buildings to improve energy performance,” said Mike Williams who developed the program with the Ontario Association of Architects and Toronto’s Architecture 2030 District.
Our View: As the emphasis shifts from minimizing negative effects to designing tools and processes to leave a positive impact, many leaders look to create more good instead of less bad. Desso, a Dutch carpet maker, created a carpet that is both PVC-free and fully recyclable and it also cleans the air in homes and offices by capturing airborne particulates by using special fibers. Ask how can your products or services and the processes to produce them create value that go above and beyond expectations. These improvements can go well beyond environmental benefits and reach employee satisfaction and productivity. For example, don’t just think about how to prevent attrition and disengagement, and instead, think about how to make your organization a magnet for retention and recruitment of top talent. Further Reading
Related AchieveForum content: Leading Innovation: From Concept to Customer Value
Around the country cooks prepare Thanksgiving dinner to feed family, friends, acquaintances, and strangers, and people are finding new ways to express gratitude in their community. A grassroots dinner to benefit underprivileged families whose children go to Davis and Hoover elementary schools in Santa Ana, California is being held by five of the area’s local chefs. “We are just a bunch of ragtag chefs who wanted an excuse to get together surrounded by friends, make good food and help make the world a better place,” says chef Joshua Lozano.
Our View: Whether you donate to a food bank, volunteer your time, or simply convey your thankfulness, there are plenty of kind ways to spread the cheer of Thanksgiving. Kindness matters in life and in business. An estimated 65% of startup failures are attributed to cofounder conflict. Demonstrating kindness is more than just being polite; it’s about being respectful, fair, and honest. To avoid buzz words from losing their meaning, write out what words like trust, ethics, and kindness mean to you and at your organization. While the concepts transcend specific circumstances, creating your own definitions and examples can return power to an overused term. Further Reading
Related AchieveForum content: Building Trust in the Digital Age (a Leading in the Digital Age program), Building Trust Under Pressure
Artist Edward Hopper’s 1929 painting “Chop Suey” was sold for a record $91.9 million at the recent Christie’s auction of American art. For perspective, the previous high for Hopper was $40.5 million in 2013 (about $43.8 million with inflation), but “Chop Suey,” a painting of two young women seated in a sunlit Chinese restaurant, had been estimated to go for $70 million to $100 million.
Our View: Determining the market value of leadership can be just as nuanced as the valuations of artwork, but the Harvard Business Review’s “leadership capital index” can help. Using this index moves subjective gut feelings about the quality of an organization’s leadership to a thorough assessment that can help predict the impact leaders have on intangible value creation. Further Reading
Related AchieveForum content: AchieveForum Alliance – programs to build leadership capability at all levels of leadership