‘Relationship Economics’

 

Leadership Thoughts from a Leader I Admire

Wednesday, June 30th, 2010

By David Nour

John Chambers’ (Cisco) Expectations of Leaders

John recently provided advice and expectations for Cisco leaders that go beyond their own functions, meeting goals and building quality teams:

  1. Think about where we are going and understand the organizational structure and business model for Cisco. Master it and take it to others.
  2. Take one market opportunity at a time and talk to your team about it.
  3. Listen.
  4. Work and lead cross-functionally, seamlessly, and get results as a team.
  5. Work using collaboration and Web 2.0 tools.
  6. Get comfortable with the organization you work for changing with every meeting; this will constantly evolve.
  7. Vision, Strategy, and Execution (VSE) should prescribe everything you do. Always start with a VSE and remind your teams where they are going. Use the cross functional common vocabulary to describe what you want to accomplish.
  8. Think in four dimensions (time is the fourth) constantly, weighing the impact of your decisions and play out a virtual chess game in your head. Do it dynamically from one meeting to the next or simultaneously in more than one meeting.
  9. Part of the reward for doing a good job is you will move somewhere else. Establishing a comfort level with this is key to moving fast.
  10. Have fun.
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Ten Fundamental Values of Social Networking at Work

Monday, May 31st, 2010

By David Nour

There are three types of relationships:

  • Personal – These are your friends (golf buddies, neighbors, parents at kid’s school, etc.); they like your warts and all and you choose them, making them rather safe.
  • Functional – These are people you work with to perform your job or realm of responsibilities.  You build relationships with them, often because you have to (colleagues, customers, suppliers, etc.). You don’t necessarily choose all of them, but because of the context of your relationship, likewise they feel fairly safe.

Many use the current generation of social networking technologies such as LinkedIn®, Spoke®, and Plaxo® to connect with this audience.  Our relationship with these people online is simply an extension of our interactions with them off-line.

The third type of relationship is your strategic relationships – those which most people often miss. These are the people who can elevate your thinking, provide new perspective, and create a fundamentally greater level of access to new markets, new opportunities, and new possibilities of greater perceived reach.

Here are ten valuable uses of current and prospective social networking sites for any leader to identify, build, nurture and leverage their strategic – often their most valuable relationships: (more…)

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How’s Your Bench… Really?

Friday, April 30th, 2010

By David Nour

The most valuable resource you have to work with as a Project Manager on your projects are people. With this fact in mind, one of my favorite questions to ask senior executives early on in our relationships is: How’s Your Bench… Really? Here’s why: (more…)

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Email Relationships Are Dysfunctional

Wednesday, March 31st, 2010

By David Nour

E-mail has become a way of life for many of us. It has become the way we interact and engage others. The fundamental challenge is that you cannot abdicate your relationships to email. Emails have zero personality; emails often lose their intent – the point in what you were trying to say is somehow lost in how you said it.

As such, here are ten simple points to consider as “digital etiquette”: (more…)

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Influence, Persuasion and Self-Promotion In A Low-Trust Environment

Sunday, February 28th, 2010

By David Nour

What do you need to know when attempting to influence, motivate, or sell an idea or project today?

Behavioral science shows us why those who keep pitching as they did before the crisis are headed straight for a cliff.  In times of crisis, when anxiety levels are high, our ability to respond rationally (i.e. through our cognitive brain) is short-circuited by our primal brain, which does not understand logic or reason. Therefore, attempting to pitch your ideas before you’ve quieted down the primal brain is doomed to failure.

To convince the primal brain to take a backseat and let the cognitive brain re-engage, you need to establish (more…)

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The Business of Innovation with David Nour and CNBC

Monday, February 8th, 2010
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Are You Reference Selling Your Ideas Within Your Organization?

Wednesday, February 3rd, 2010

By David Nour

As a mentor of mine often says, “If you’re not tooting your own horn there is no music!” Those whose livelihoods depend on business relationships such as Project Management Professionals, all understand the power of reference selling.  In any economy there is an enormous level of comfort in a buyer’s journey when they get unsolicited recommendations from other satisfied buyers – it’s simply called “credibility by association.”

When I work with Project Management Professionals, I often ask about their current or perspective client reference selling efforts. Recently, a consultant at a client complained that although she had extensive industry experience and subject matter expertise, she was seldom tapped into for possible client project engagements. So naturally, I asked her “what are you doing to package, market, sale, and proactively reference her value add and ideas, within the firm?”  When she gave me a blank stare, I offered what I consider five best practices to reference selling her value and her ideas and a way to effectively “toot your own horn.” (more…)

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Adaptive Innovation™

Thursday, December 31st, 2009

By David Nour

Value creation is derived from value chain disruption. Adaptive innovation, by definition, is destructive in its character, open to a broad base of business models, and must be driven by high performing teams focused on maximizing the current and future capabilities of their respective organizations.

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2010 – The Year of the Astutely Engaged Organization

Tuesday, November 24th, 2009

By David Nour

The changing dynamics in buyer behavior will force many organizations to engage and influence their current and prospective customers very differently in the “new norm” of 2010 and beyond.  Marketing will have to focus much more proactively on one-to-one relationships (as advocated by Don Peppers and Martha Rogers of Peppers & Rogers Group in the early 90s – talk about being ahead of your time!) whether on the corporate website/blog, or a multitude of social networks.

The organizations of 2010 and beyond must become much more astute in how they identify and respond to the ever fluid market dynamics.  In short, they have to learn to engage and influence more and mass broadcast less, participate in communities, set up LinkedIn groups and Facebook fan pages, read blogs and respond to tweets, create conversations, and share photos – in short, Listen Louder! In many ways, social networks are changing the rules of influence and engagement.
(more…)

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Corporate Blogging Best Practices for PMPs

Saturday, October 31st, 2009

By David Nour

Although I’m finding myself tweeting more (@davidnour) often and blogging less, I remain amazed by how many organizations, senior leaders and PMPs in particular have yet to see the value of a corporate blog as the central hub for their ideas, perspectives, and candid responses to market dynamics.  In short, a fundamental platform for their voice!

As such, here are some best practices from our work with a multitude of corporate clients, senior leadership teams and PMPs:

1. Find Your Focus – the broader market is NOT your market.  Who are you trying to date, because you cannot date everyone!  Pick a focus or two and discuss both your unique perspective in a strategic approach, as well as a more practical, pragmatic, tactical manner.  Remember, most audiences and teams love tips, techniques and proven best practices.
(more…)

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