Video Notes #1

Conscious Business: https://www.youtube.com/watch?v=IdMvWLARF1w

Personal Note: Heard about Fred Kofman from Sheryl Sandberg in her book. This video mainly talks about how employees should keep company first and work towards it. It something fails, learn from it.

• Your job is not what you do but what goal you pursue
• The job of each employee is about making the company win.
• The company improves by optimizing its subsystems.
• The Subsystems must not be aligned to maximize their own goals but to maximize the companies goals. For example: If Salesrep focuses on maximizing their own revenue then the company profits. That’s bad for the company.
• Providing local incentives: Sales rep will focus on getting more sales revenue and not spend time on training other people as it’s their competition. They are happy when other sales rep fail, as they get more hot leads. But the company overall suffers. These are called Silos.
• Possible short term solution: Everyone sucks at running a company. For you to succeed you need to suck a little less than your competitors. This is how you become best by sucking less than others.
• An individual job is for the company to win and create an economic opportunity for everyone.
• Everything something bad happens in your life there are two vectors to look at. Out of control situation and In control situation. You have to decide which one you focus on.
• When you come late to and you ask sorry I was stuck in another meeting. What you mean is that you choose to spend more time in that meeting that is why you’re late. It’s your choice not to come to the meeting on time.
• When Kids break their toy or spill the milk, They say it broke or it spilled. Notice the precise language. By using it they remove the blame from them to the toy.
• When these kids grow up. They say the project got delayed. It got delayed. They remove their ownership from it. When someone says it’s too difficult. They blame the topic then themselves. It’s too difficult because one doesn’t know how to do it.
• If you don’t feel part of the problem you cannot be part of the solution.
• When things go wrong think: 1. How did you contribute (by doing or not doing) to create the problem? 2. What can you do now? 3. What can you learn from this?
• Remember by saying you didn’t do anything about the broken toy, project. Ask yourself how did you contribute or influence and what can you do now from it?
• If you’re suffering it’s your problem.