The Connection Magazine A.I.M. Mutual Fall 2016 | Page 14

LESS IS MORE Verne Harnish Verne Harnish is founder and CEO of Gazelles, a global executive education and coaching company, Verne has spent the past 30 years educating entrepreneurial teams.  He’s the author of Scaling Up that uses approaches honed from over three decades of advising tens of thousands of CEOs and executives. LESS IS MORE Both in Business & Life! OVER the last few years a convergence of news, reading, and conversations have screamed the mantra “less is more.” It first grabbed me as I was watching an interview of China’s first track and field superstar Liu Xiang, who captured gold in the 110-meter hurdles over a decade ago at the 2004 Olympic Games in Athens, Greece, and set a new world record. Unlike most athletes who train incessantly, Liu took a scientific approach and trained just three hours/day. Many athletes experience this same boost in performance after coming back from a break that has limited their practice. Less practice is sometimes more. Just this past year, Denmark was again named the happiest place in the world by the U.N.’s World Happiness Report. Noted Adrian White, an analytical social psychologist at the University of Leicester in central England, “Smaller countries tend to be a little happier because there is a stronger sense of collectivism.” Rereading Thomas Friedman’s classic From Beirut to Jerusalem, the world would be a lot happier if regional cultures hadn’t been forced to form artificial countries. Let Iraq, Afghanistan, and Lebanon go the way of Yugoslavia, breaking up into more culturally aligned mini-countries. And I don’t think it’s coincidental that 34 of the U.S. states expect to run budget surpluses in 2016 while the Federal Government continues to bleed red. The less people lumped together in nation-states, the more fiscally responsible and happy. Moving closer to the business world, Seth Godin’s must-scan book is appropriately entitled Small is the New Big, admonishing us to act small if we want to be big. It’s worth taking a couple minutes to go to www.sethgodin.com and read his overview of the book which includes a complimentary download of his title essay. Writes Godin, “Today, little companies often make more money than big companies. Little churches grow faster than worldwide ones. Little jets are way faster (door to door) than big ones.” Given the additional security obstacles to commercial air travel has made Godin’s comment on air travel a reality for more and more of us. Small jets are better than big jets (and less likely to be targets of terrorism). Brad Anderson, CEO of $39.5 billion electronics retailer Best Buy, used ideas from a similar marketing-focused book Angel Customers and Demon Customers to reduce the number of FALL 2016 customer groups on which Best Buy is focusing its efforts. Larry Seldman’s and Geoffrey Colvin’s book points out that some customers may be highly unprofitable and that not all customers are valuable i.e., less customers is more. Google has shown a similar wisdom on the employee team side. Recognizing that smaller teams are more effective, Google has organized their engineers into teams of three to drive hundreds of innovations. Simply adding a fourth person to the team would dramatically lessen their impact. John Carney, CEO of Alexandria, Virginia-based Carney Interactive, has applied this same less-is-more philosophy to individual quarterly priorities. Once required to name five priorities each quarter, Carney’s employees are now asked to outline three. Notes Carney, “inevitably either the employees, including myself, padded our lists with slam dunk priorities or found at the end of the quarter that there were two of the five we simply couldn’t find time to complete.” Fewer priorities means more focus. This brings me full circle back to training and education. A while ago I had the pleasure to hear small business guru Michael Gerber, author of the huge bestseller E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It speak. In his speech, Gerber discussed the topic of mastery and how his saxophone teacher taught him, at the early age of eight, the importance of practicing three hours a day. No more than a week later, I was talking with my then pre-teen son Cameron about school, who was dreading the start of a new school year. When I asked him how he would redesign school, he suggested it would start around 10am; students would focus on a subject they love for 90 minutes (his is marine biology); recess and lunch would take them to 12:45pm; then another 90 minutes of focused learning with the school day ending at 2:15pm. His reasoned three hours of focused learning a day seems to align with both Gerber’s and Liu’s experience about mastery. And Bill Gates’ Foundation is supporting the creation of high schools with less students which will also start later in the morning, based on years of research that support both notions. Smaller schools create better academic performance. Where, in your business and personal life. would less give you more? Think about it and then act. 14