Running a successful business is what it is about. Let's share lessons learnt and build even bigger, better businesses! Reputation Specialist | Workshop Facilitator | Author
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Thursday, 28 October 2021
Book: Up the Organisation, Robert Townsend
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: 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.
…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.