Thursday 28 October 2021

Book: Up the Organisation, Robert Townsend


Even though this book was published in 1970, there are many interesting and valuable tidbits of business advice. Robert Townsend was the chairperson and president of Avis-Rent-a-Car and grew it into one of the largest rental car companies. 

It's a fairly quick read. The three pieces of advice that I think of immediately when I think of his advice: 

1. Reporting: Sadly in 1970 the use of reports was already a useless exercise. Personally, I am also of the opinion that reports are way too often generated just for the sake of it.  Many hours goes into writing a report, just to never ever be looked at again. We see a lot more success with presenting our results in a format that is reused at board level to make decisions.  

2. Objectives: ..."I used to keep a sign opposite my desk where I couldn't miss it if I were on the telephone (about to make an appointment) or in a meeting in my office: "Is what I'm doing or about to do getting us closer to our objective?" That sign saved me from a lot of useless trips, lunch dates , conferences, junkets and meetings. 

3. Thanks ~ A really neglected form of compensation. 

Recommendable 4/5

Tuesday 26 October 2021

Audiobook: Bad Blood, John Carreyrou



An absolutely thrilling book! Must admit that I had absolutely no idea what it was about, but I saw that Bill Gates found it gripping, so thought, let’s see what this is about…

It’s the story of a tech start up company based in Silicon Valley, Theranos, headed up by Elizabeth Holmes. Young, dynamic and one of the youngest and first female tech start ups. All the marks of an inspirational, success story, only it really isn’t.

She managed to manipulate and dupe many investors and employees. Her idea, incredible. With a pin prick blood sample, the idea was to do a multitude of blood tests on their technology. Ultimately to develop something small enough for people to use at home. The problem was that this is pretty much impossible with just a small blood sample. The other problem was going to market much too soon and not listening to sound advice from the teams that were employed.   

This is a prime example of a leadership team that has gone rogue. What is surprising is that this is a fairly recent story, in fact her court case is on the go at the moment.

How did they manage to swindle so many people? I think it boils down to questionable, or to be more specific, non-existent, governance structures on many levels.

Highly recommendable. 


Sunday 17 October 2021

Thank you!


A heartfelt thank you to everyone who participated in, and helped us to gauge our reputation score for 2021! It gives me great pleasure to share that as your reputation research company of choice, we scored a Repudometer® score of 91%! This is six percent higher than last year!

It’s important to walk the talk to ensure that we deliver excellence always, in all ways.

I am humbled and incredibly grateful for the tremendous response that we received. There were 149 people that took the time to share their views, thoughts and insights into Reputation Matters. Our main goal is to quantify value. Your opinion is helping us to refine our service offering even further to add even more value going forward.

One of our highest scoring elements was: Operational Governance (94%), which refers to ‘the way that we do things around here.’ Consistency is key when it comes to building reputations. Being consistently good, will build a positive reputation. The contrary is also true, being consistently inconsistent has the opposite impact. We have worked very hard to refine our systems to make the research process as painless and as streamlined as possible.

Our clients often tell us that they can’t believe how smoothly the whole research process has gone at the end of a project, which has been confirmed by this high score for Operational Governance.

We scored equally as high with our Human Capital (94%) element. I am incredibly grateful for the extremely talented team that I get to work with every day. Your Reputation Matters team who measures and manages your reputation has been handpicked. Apart from being award winning and the top of their respective classes, they have extensive industry experience.

Impacting our overall score ever so slightly, (but still scoring very high), was our Strategic Alliances (87%). Strategic alliances are the people and businesses that we surround ourselves with and collaborate with on project. We’ll make sure to share more information of who our strategic alliances and collaborations are going forward.

Our Corporate Social Responsibility (88%) is the other element that you would like more information on. I’m not too surprised that this element scored slightly lower. It has been a bit quieter on this front. With the lockdown, our Awesome AfriCAN initiative with computer training came to a halt as a result of not being able to facilitate any classroom-based training. Lockdown did however bring with it another opportunity. I wanted to find a project that wasn’t reliant on technology or required classroom-based support. Re.Bag.Re.Use was born earlier this year. Ladies in the Hangberg and Imizamo Yetho communities in Hout Bay have been taught how to repurpose empty bread bags into shopping bags.


From left to right: Jane Hoffman, Susan Mouton, Maureen Plaatjies, Setta Adams and me. These are some of the Re.Bag.Re.Use ladies. Photo credit:  @JayCaboz [Here’s a wonderful article is Billionaire Tomorrow]

From left to right: Maureen Plaatjies, Setta Adams, Mary Sambou, Tapiwa and Margaret Nyika. More Re.Bag.Re.Use ladies.  

Walking our talk and doing our own research once again proved to be a valuable exercise. This allows us to refine our research processes even more and pinpoint any areas that may need some attention.

Thank you for your candid feedback! Now the ball is in our court, we will use these results to ensure that we continue to be consistent in the way we deliver our value to you.

We will strive for excellence always, in all ways!

If you would also like to know what your Repudometer® score is, get in touch. Pop us an email: research@reputationmatters.co.za

Thank you again for your interest and support!

Regine

Thursday 14 October 2021

Book: Let my people go surfing, The Education of a Reluctant Businessman, Yvon Chouinard


An absolutely marvelous read of how being an environmentally responsible business is absolutely possible; it takes corporate social responsibility to the next level. The book follows the start, growth and philosophy of outdoor wear company, Patagonia, and illustrates how business could, and in fact, should be done to put the environment first. 

It’s fascinating how Yvon Chouinard, a reluctant businessman has taken Patagonia from strength to strength finding solutions with the least environmental impact. One percent of all of their sales, regardless of whether they make a profit or not, gets allocated to environmental activism programs.

Love this very apt quote about being an entrepreneur:

'If you want to understand the entrepreneur, study the juvenile delinquent.

This one also really resonated: ”you can’t wait until you have all the answers before you act”.

One of the key things that I have learnt about reputation management, is the importance of having clearly defined values that need to be top of mind (it does not help having beautiful posters around the office with random values written on them, but no one knows what the company's values are). I was thrilled when I read Yvon Chouinard's take on it too:

Living the values and knowing the philosophy of each part of the company aligns us all in a common direction, promotes efficiency, and avoids the chaos that comes from poor communication.

Synchronicity fascinates me. They say a book crosses your path when you are ready for it. There was a key message in it for me, just when I needed to hear it.

Not so long ago, as I was ready to go out, my neighbour said to me that my jacket looked like I had bought it from the local charity shop. He was 100% correct; finding treasures at charity shops is one of my favourite hobbies. But, being told that I looked like I shop at a charity shop is not exactly the greatest compliment or look that I was going for.

Not long after this incident, Yvon Chouinard’s words comforted me, “Buying used clothing and wearing it as long as possible is the most responsible thing you can do.” 

Yvon Chouinard’s comparison of climbing mountains with business and life is also fascinating. “Many people don’t understand that how you climb a mountain is more important than reaching the top. You can solo climb Everest put ladders across crevasses, lay in six thousand feet of fixed ropes, and have one Sherpa pulling and one pushing you. You just dial in ’10,000 fee’ on your oxygen bottle and up you go.

Typical high-powered, rich plastic surgeons and CEOs who attempt to climb Everest this way are so fixated on the target, the summit, that they compromise on the process. The goal of climbing big, dangerous mountains should be to attain some sort of spiritual and personal growth, but this won’t happen if you compromise away the entire process.

I also found his take on crisis very interesting:

Just as doing risk sports will create stresses that lead to a bettering of oneself, so should a company constantly stress itself in order to grow. Our company has always done its best work whenever we’ve had a crisis. I’ve never been so proud of our employees as in 1994, when the entire company was mobilized to change over from using traditional cotton to organic grown by 1996. It was a crisis that led to writing down our philosophies. When there is no crisis, the wise leader or CEO will invent one. Not by crying wolf but by challenging the employees with change.

You might think that a nomadic society packs up and moves when things get bad. However, a wise leader knows that you also move when everything is going too well; everyone is laid-back, lazy and happy. If you don’t move now, then you may not be able to move when the real crisis happens. Teddy Roosevelt said, “In pleasant peace and security, how quickly the soul in a man begins to die.” And Bob Dylan says, “He not busy being born is busy dying.

 Something else incredibly interesting:

…a study done of the most successful CEOs in America (not the celebrity CEOs, but those, without fanfare and jumping jobs every few years, get the work done), found one factor they all have in common. They enjoy working with their hands. The older ones had cars that they worked…or had woodshops. [I must admit when I read this, it did give me nod of approval for all the crocheting I’ve been doing and for the Re.Bag.Re.Use initiative.]

"Looking for somewhere to start? Go plant a tree. Only an optimist would that," Amy Kumler.

It seems to me if there is an answer, it lies in these words: restraint, quality and simplicity. We have to get away from thinking that all growth is good. There’ a big difference between growing fatter and growing stronger.

Wonderful final thought:

I believe the way toward mastery of any endeavour is to work toward simplicity; replace complex technology with knowledge. The more you know, the less you need. From my feeble attempts at simplifying my own life I've learned enough to know that should we have to, or choose to, live more simply, it won’t be an impoverished life but one richer in all the ways that really matter.

A highly recommendable read.