Takeaway #20: Whodini on creating organizational success

***Now the party didn’t start till I walked in

And I probably won’t leave until the thing ends

But in the mean time, the in between time

If you work your thing, then I’ll work mine ***

  

Whodini Five Minutes of Funk; Escape (1986)

 

It’s a marathon not a sprint.  This is your call to stay the course.  Do not get anxious about what preceded your efforts.  Focus on what you are doing now that you are in the game.

You cannot change what your predecessors in your position did for the organization, nor can you afford to focus on it.  The party starts with what you are doing now.  Do your thing as only you can and do not focus on activities that you cannot control.

More than just internalizing this notion you have to be able to communicate that to your coworkers and subordinates.  The bottom line is that if members are not focused on doing their function, then the organization does not succeed.

BPM TAKEAWAY#20:

  • STAY THE COURSE

  • FOCUS ON DOING YOUR ROLE AND KEEP OTHER TEAM MEMBERS’ HEADS IN THE GAME

Takeaway #17: Value Investing inspired by “lyte as a rock” @mclyte

***

All in the way, just little obstacles

Chew em up, spit em out, just like popsicles

Suckers out of my way, we’re not on the same wavelength

I show stability, potential and strength ***

MC Lyte     Lyte As a Rock; Lyte As a Rock

 

Takeaway #17:   This is quite simply the key to investment success.  Warren Buffet has exhausted the topic of becoming the Value Investor for our generation.  Minor obstacles and glitches in performance must be ignored when investing in the market.  Ignore the day-traders and those flipping companies for quick return.  Dust off your edition of Value Line, check out the P/E ratios, roll up your sleeves and crunch the numbers yourself.   MC Lyte was never a paper-weight in stature in the industry and I credit her approach to the stability-potential-and-strength mantra that she serves up here.  Lyte As a Rock…solid.

 

BPM TAKEAWAY#17:

  • INVEST FOR THE LONGRUN

Takeaway #19: Equity and Alliances. Inspired by Special Ed

***

I got . .. An accountant to account the amount I spent

gotta treaty with Tahiti cuz I own a percent . . .

 I’m not a trader

if what you got is greater I’ll trade

but maybe later cuz my waiter made potato -n- alligator soufflé–

I got it made.

 

Special Ed        (I Got It Made Youngest In Charge)

Oh my, he “makes fresh rhymes daily.  You burn me, really?”….Special Ed echoes the value investing strategy here as, but there is more bang for the buck BPM thinks.  The art of the deal is on stage and BPM likes the techniques spun on Technics-1200 here.  Special Ed has a great negotiation team — including the accountant to crunch the numbers.  He makes sure that he gets a piece of equity or backend participation with his owned “percent”.  His philosophy is not casual trading for the sake of being a short term investor, but only if you make sure he is showing “greater” value on that deal.  It’s all about the ROI.  No trading for the sake of getting the shiniest new asset here – no vanity deal.

The treaty reminds us that a joint venture or strategic alliance can be critical in taking your enterprise to the next level.  It may be a supply chain deal, or business process outsourcing.  It does not have to be a vast international deal, but think partners.  You don’t need to do all the work internally or yourself.  People are specialists for a reason.  Use the better resource.  Partnerships are great.  And for paranoid lawyers, make sure you do not cross the line into some conjured up notions of price collusion and anti-competitive behavior.

BPM TAKEAWAY#19:

  • GET A PIECE OF EQUITY

  • STRATEGIZE AND ALLY

A return to classic beats helps us move forward innovatively today:Takeaway #8

       On down through the Middle Ages

When the earth kept going through changes

There’s a business going on, cars continue to change

Nothing stays the same, there were always renegades

Afrika Bambaata & The Soulsonic Force  

(Renegades of Funk  Planet Rock)

Is the only constant change?  BPM believes this to be the case.  Reinvention and innovation are the hallmarks of any long term executive player.  At the risk of contradiction, having a brand for the way in which you conduct business with the world is great, but you need to be able to adapt that brand with the times.  Business continues to evolve, and you do not want to spend your life in an Edsel when the new BMWs are coming around the corner.  Again, don’t lose focus on your basic mission, but certainly work that mission so that it remains relevant to the changed surroundings.

BPM TAKEAWAY#8:

  • IF NECESSITY IS THE MOTHER OF INVENTION THEN REINVENTION IS A SECOND MOUTH THAT MOM HAS TO FEED

  • INNOVATE OR DIE

Q: Outside-the-box test:  I say surf, what location comes to mind? (Hawaii?, Malibu?)

A: Nope.  Surf ghana:  http://www.economist.com/node/21550253  C’mon …outside the box.

The Brand Speaks for itself or Takeaway#3

I’m genuine like Gucci, raw like sushi

Big Daddy Kane  Raw Long Live the Kane

Speak less, say more.  There is a beauty to this Strunk & White concise statement that can only be destroyed by commentary.

BPM thinks of the essence of branding when hearing this line.  The succinct couplet tells BMP who e Kane is.  He is a quality item.  He certainly is not one of the knock-off Rolexes and Louis Vuitton bags that littered the streets of New York and Venice when he wrote this line.  He is the genuine article.  Moreover, he has texture and taste.  Taste the wasabi and know that he is potent.  It is beautiful.

How many of us can say the same for our practice and our own corporate brand.  Do you say too much in memoranda and meetings?  Does your PowerPoint deck have too made slides?  Sometimes, the talkative dilute efficacy by speaking too much and really saying nothing … all sound and fury.

Does your communication and tagline succinctly address the fullness of your brand?   Let this be a model to tightening your expression for the most impact.

Do you understand BPM’s take?  If so, here is a takeaway for you.

BPM TAKEAWAY#3:

  • MANAGE THE BRAND

  • SPEAK LESS – SAY MORE

 

Other Related Links:  Brand Discussion at SXSW