Showing posts with label Hyperion Solutions. Show all posts
Showing posts with label Hyperion Solutions. Show all posts

Tuesday, August 23, 2011

Don't Be an "Accidental" Leader

Leadership Matters
I was a new manager at Oracle when I found out I had been selected as part of a group to get to meet face-to-face with Ray Lane, Oracle’s COO and #2 to Larry Ellison at the time. He gave a short presentation and took questions from the audience and I was amazed at his ability to thoroughly address any question ranging from detailed issues in specific geographies to strategic matters like Microsoft’s intentions in the enterprise database market. A few years later, Oracle announced that he was leaving the company. Oracle lost $8B in market-cap the next day. As a young manager, the headline for me was that “Leadership Matters.” Leaders like that are hard to find, and they aren’t developed overnight.

Hot Topic in Silicon Valley
Last Wednesday evening, ExecCatalyst hosted a high-tech Executive Leadership forum at the Four Seasons in Palo Alto. It was “standing room only” full of Directors, VPs and C-level execs from market leaders like Salesforce, Oracle, Cisco, National Semiconductor, SAP, Informatica, VMware  as well as hot startups like Gluster, Host Analytics, Kapow, KXEN, Intacct, Milyoni, Turnitin, and others. The event topic “Succeeding in the Era of the High-Tech Leadership Paradox” even drew leaders across many industries - from the pharmaceutical industry, health care, manufacturing, renewable energy and also from major leadership organizations including Monte Jade and Ascend. As new software delivery models including SaaS, cloud computing, and open source fuel the frenetic pace of business, these leaders came to explore new approaches to “make room for strategy” while managing time spent on operational and tactical delivery.

“Leadership Development is Deliberate”
Heidi Melin, EVP and CMO at Taleo was one of 4 high-profile executive panelists. Check out this video as she responds to the question “How do you manage strategy vs. execution in a fast moving SaaS company?”

Her point that leadership development is deliberate really struck me. High-tech certainly does moves fast and the pace even seems to be accelerating. I’ve seen many managers and even organizations ignore the need for deliberate development of high potential leaders. But leadership development won’t happen by accident while you and your team are busy executing against your task list. It takes prioritization, commitment, and investment – deliberate activity.

I was very fortunate early in my career when Oracle invested in my leadership development. It only happened because my EVP, Randy Baker, had the vision and commitment to invest in developing every manager in his 5,000+ organization. He made it his priority, committing time and dollars to leadership development programs. Over the course of 1 year, I spent 2 weeks out of the office and away from the business while attending leadership training. Huddled up with 40 other managers, I thought, “Wow, Oracle is investing quite a lot of money and time into us!” Years later, I reconnected with Randy, and he shared with me The realization that in order to be successful as an organization we needed to develop a 'culture' of teamwork and that once operational, it would be obvious to other organizations in Oracle and more importantly our customers.”

Leaders are patient and intentional to set up and measure the hard, fast ROI. Randy continued, “Were the results measurable? Absolutely! We had all the measurements in place that demonstrated positive results on all fronts, most importantly customer and employee satisfaction- the drivers of everything. I could pull up, in my office, the customer and employee satisfaction for any manager in support worldwide! All this data was updated quarterly.”

Intuitively, every good manager has an internal compass that justifies investment in developing talent and building leaders. However, great managers act on the obvious and make investments today that will pay big dividends in the future.

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Wednesday, August 10, 2011

Avoid Career-Damaging Job Transitions - Part 2: Hit the Ground Running

In last week’s blog post, we focused on assessing with clarity whether an opportunity is the right fit for you. In this post, we will explore how best to approach your on-boarding into a new company so you get traction quickly.

A Very Rough Landing

She came in with the reputation of a corporate “rock star.” We’ll call her Paula. She was considered a key player at a highly successful applications company and widely credited with helping to build up an Alliances program that had exceeded its target metrics for six years in a row and in some ways was the envy of the industry. People talked in the hallways during her first week. “That’s her. That’s Paula. She’s the one who’s here to ramp up our Alliances.”

I was in the leadership meeting when she was “given the floor” to talk about her plans. She leaned back in her chair, talked about how she would bring in her playbook, and immediately outlined how she would revamp the partner program to drive more partnership fees. There was an awkward silence that she didn’t appear to notice, and I could tell by the looks on people’s faces that they were having the same reaction I was. At our company, we were trying to drive more revenue with partners, not from partners. The “myth” shattered fairly quickly as people realized that she thrived under a different game-plan and set of objectives that were nothing like ours. She lost the confidence of the team and never recovered from her early misstep.

“Non-Portable Assets”
Your on-boarding process is a compressed 90 day period for you to secure “quick wins” and cement your leadership position in the company. And when you’ve had a great track record of success, it’s natural to assume that it was entirely due to your own talents and hard work. While talent and hard work count for a lot, the fast-pace and pressure of the high-tech workplace and the wildly-different corporate styles and individual personalities are also significant factors in determining your success or failure. What steps can you take to make sure that you avoid stepping into potholes or tripping up on stumbling blocks that will derail your success in your new company?

It starts with the concept of “non-portable assets.” While you can take your talent and work ethic anywhere, you may not realize how many non-portable assets you have that made you successful in your previous role. And just like your desk phone and your file cabinet, these things stay behind at your old job, and are replaced with new ones at your new job. You simply can’t take them with you. Recreating them in a new role essentially amounts to “learning the system” – adapting your skills and approach to the new environment. Here’s how to recreate these assets in your new role, so that your upward trajectory accelerates instead of stalling out in your new job:
  • Your Reputation Is Yesterday’s News – Although your professional experience and accomplishments had everything to do with you getting your new job, they mean nothing to the people who you’ll be leading because they weren't there to see you in action. On your first day, your new manager will probably send a nice note to the department or company stating how excited he is to have you on board. He may even mention your great track record, citing some accomplishments that you probably scripted for him. But unless you’re a family member of the CEO, you’ll need to get big wins under your belt at the new company before you get that “rock star” designation that was previously so familiar. As new leader, your great success in prior roles doesn’t automatically get you on-the-ground and in-the-trenches respect. In fact, raised expectations will make success even harder for you to achieve. Leave your reputation in the past and focus on creating your new list of big wins.
  • Be a “Student” First, a “Master” Second – When changing jobs, you know what it’s like to go from “having all of the answers” to “having all of the questions.” In your previous company, you knew how to get things done in that environment i.e. people, process and tools. You also knew a lot about the product and market e.g. customers, competitors, etc. However, any new company is going to be a step back for you on all of these fronts. On top of that, if you are changing industries, say from an on-premise database company to a SaaS applications company, you’ll be in a very steep ramp-up for a while. As eager as you are to make a big impact and as much as you may put pressure on yourself to quickly implement visible change, the worst thing you can do to is to make impulsive decisions without being fully informed. When I was at Hyperion Solutions, Jon Temple joined as the new head of field operations. He spent 3 months meeting with key managers and individual contributors before he laid out his master plan. He was in active learning mode and gathering facts about what worked well and what was broken. Jon’s investment to get the perspective of the team didn’t just help him make better decisions; it rallied people to get behind his plan because they knew it was a fully informed decision.
  • Make Deposits in Your (Empty) Goodwill Bank Account - Driving big initiatives in any company requires strong collaboration and influence. But the ability to influence others is something that accrues over time e.g. when you help a colleague hit a critical deadline, when you adjust your priorities to support another organization, or when you give someone advice that makes them look like a corporate hero. Unless you’re working for a company where the executives are “getting the band back together”, you don’t have any of that on Day 1, except that the people who hired you have a vested interest in you being successful. Think of it this way: you have zero “credits in the bank” (also known as “political capital”) and you have to rebuild your “account balance” (relationships, favors, etc.) to get back to the level of influence you had previously. Without support, you will have a hard, lonely, and treacherous path ahead. Make a list, or use the org chart to identify what individuals are most important to your success. Put a plan in place to use your ramp-up period to build those relationships and get some quick wins. And don’t over-commit. If you’re a new sales ops leader working with various sales executives, don’t ask for the laundry-list of things that could be improved and then commit to solve it all in only 30 days. Look for common pain points and pick one or two that you can address within a reasonable time frame. Then your “account balance” will begin to rise quickly.
Changing jobs presents great challenges and learning opportunities. And with some luck you make be in a perfect position to capitalize on that opportunity with the next Silicon Valley breakout company. However, there are no guarantees. Trying to replicate success by just repeating what worked for you before will jeopardize a positive, favorable outcome career-wise (a meaningful “stint”) and financially (stock option vesting). Approach your next career transition with objective clarity and a practical assessment of how your skills and experience will flourish in the “new system.” Sustainable leaders don’t let their egos get in the way of their own success. Instead, they adapt and even grow new leadership skills in all situations. Paula was able to make these adjustments in her next transition and the word on the street was that she acclimated well and was very successful.

What other perspectives do you have in preparing for a successful on-boarding? We appreciate your comments.

Tuesday, July 5, 2011

Get "Offensive" In Your Interview

I Thought I Had the Job “In the Bag”
Justin was heading into final round of interviews for a VP of Services role at a hot Silicon Valley startup. He was very confident since his future boss-to-be, the General Manager, had indicated to Justin that he was her first choice. You see, Justin had worked with both the GM and CEO of this new company at Hyperion Solutions before it was acquired by Oracle. He approached the interview thinking that it was his to lose. It sure was.

The CEO greeted him. “Hey Justin, it’s great to see you again!” After they finished getting reacquainted, the CEO proceeded with “I knew you at Hyperion as a Marketing guy, and never thought of you as a ‘VP of Services,’ so what do you do you really want to do?” Without a hitch, Justin responded “Yes, my early career was well grounded in technical services and the latter part of my career in marketing.” Delivering what he thought was his power position, Justin completed his response with “so as you can see I have a wealth of experience across different business functions and therefore can do anything you or the business needs me to do!” Justin didn’t get the job.

Offense vs. Defense
Most people are familiar with the phrase “bring your A-game.” However, in the competitive job search game and interviewing, that A-game needs to be offense-minded. You’ve got to compete for the job with the perspective of the interviewer - what are her top pain points and what needs to get done? Instead, Justin made the common mistake of playing defense. He told them what he thought they wanted to hear and delivered a generic response to a pointed question and by doing so, closed the door of opportunity. The company was hiring for a very specific role, VP of Services. However, Justin presented himself as a “Jack of all trades.” He assumed that his broad “wealth of business experience” would be viewed as a valuable asset but instead he was viewed by the CEO as someone who was “confused” and uncertain about his career path, and not committed to the VP of Services role. Offense employs deliberate action of attack with the intent of scoring (i.e. competing for a job on your own terms). Defense, on the other hand, involves tactics that prevent scoring (i.e. reacting to the questions and going along with the interview process “not to lose the job”). The difference, while subtle, will make all the difference in whether you will impress the prospective employer and get the offer or not.

3 Keys to Execute Your Offensive Attack
The longer you go without having a job, the more emotional and financial stress can undermine your confidence. The pressure of landing a job together with one rejection after another can erode your poise and positive attitude. And before you know it, you’ve slipped into “desperation mode” without even realizing it. This is the root of becoming “defensive” in your job search and interviews. It’s crucial for you to turn this around because these signs are more obvious to the interviewer than they are to you! Remember, they’re not evaluating whether you can competently perform the job, they’re evaluating whether you’re the best among the many candidates they’re interviewing. So “not blowing it” in the interview is a losing strategy. Here are some points to consider that can make you much more effective in your interviews:

  1. “Need a job” vs. “Want that job” – When you act like you “need a job,” any job, it’s impossible not to project negative attributes like anxiety, fear, and self-doubt. Justin had been out of work for over 6 months. His previous job was VP of Marketing at a well-established SaaS leader. At this point, he was willing to take any job so he opened up his job search to Services roles, falling back on his experience and professional track record from 10 years earlier. Justin needed a job and he unintentionally projected that very clearly to the CEO. However, Justin didn’t really want to go back to Services, he wanted to pursue his career in Marketing. Once he changed his mind set to “want that job” (i.e. Marketing), he was able to focus on what made him an excellent marketer, what kinds of companies and environments he’d thrive in, and he pursued those marketing roles with new-found confidence (which he leveraged to effectively negotiate his next role). Put another way, interviewing for a job you don’t really want makes you far less likely to get it.
  2. Reactive vs. Proactive – Another symptom of being defensive is not wanting to “rock the boat.” When an interviewer takes you through an endless list of questions, it’s hard for you to do anything else but to fire back with your answers.  The best interviews are when 2 people are having a dialog, not a one-way “interrogation.” Interview dynamics are very tricky and the worst thing you can do is to be reactive and just respond to questions that are thrown at you. This is even more true when interviewing for senior roles. How can someone hire you to manage a team, a project, or a product line if you can’t “manage” an interview? So when you find yourself in this situation, take control. Be proactive by asking questions to disrupt the Q&A pattern. Find a way to up-level the discussion with an insightful question that will get the interviewer to share more about his pain or needs. Then you’ll have an opportunity to promote your experience and skills in context, directly mapped to the interviewer’s needs. Otherwise, you’re just guessing and hoping that something in one of your answers resonates and “sticks” with your interviewer. Speaking as an experienced hiring manager, I appreciate when candidates ask smart questions and turn the interaction into a dialog. I dislike interviews where I’m pulling reactive answers out of a candidate one-at-a-time.
  3. Eliminate the Guessing Game – All too often, people tell me that they think the interview went fine and are later surprised to find out that they were not selected to go further in the interview process. Before you end any interview, you should ask the interviewer “How do I fit with your expectations for the role?” or “Do you have any concerns about my ability to perform well in this role?” Not only will you find out exactly where you stand, but most importantly, in the event that there are any reservations about your qualifications then you’ll still have a chance to address those concerns and to convince them that you can do the job better than any other candidate.

Having the discipline to stop looking for the “wrong job” and start focusing all of your efforts on getting your “ideal job” will pay off by giving you self-assurance and poise that are contagious. You may surprise yourself in how direct and bold you can actually be, and better yet, those traits will be viewed as valuable leadership attributes. In fact, once Justin made the shift from defense to offense he got his swagger back landed his VP of Marketing role within one month.

We appreciate your thoughts, so please weigh in with comments.

For more information on leadership development and career management, please visit ExecCatalyst.

Tuesday, June 14, 2011

Don’t Make the Wrong Case: 3 Worst Reasons Why You Should Be Promoted

Due to popular request, we continue with the 3rd part in the “Promotion” blog topic series.

A Not-So-Happy Birthday…
A few years ago, a Senior Manager who reported to me (I’ll call him “Rick”), with whom I had a very good relationship, greatly disappointed me when he asked for a promotion. It didn’t bother me at all that Rick asked. It was how he asked that troubled me, and it’s a good lesson in how not to justify a promotion.

We were having our weekly one-on-one meeting, and after getting through the fairly standard update on key projects and metrics, Rick said “Can I ask you about something?” with a tone that implied we were about to shift gears into a more serious conversation that he had clearly prepared for. He grabbed a small pad of post-it notes that was sitting on my desk, wrote on it for a moment, and passed me a post-it that said “Age 30: Director.” Rick proceeded to explain - “My thirtieth birthday is coming up next month. It’s been a goal of mine for years to be a Director by age 30, so I’m here to discuss my promotion and see how I can meet my goal.”

I was stunned and took a few moments gather my thoughts and remain composed. This “title X by age Y” reason for a promotion was an incredibly myopic way to plan one’s career, but more than that, the weak justification based on his birthday demonstrated that he had no understanding of the promotion process and hadn’t considered what actions I would need to take to promote him. Moreover, it showed that he didn’t respect the Director role for anything beyond being a nice title. It made me think that I had overestimated him because he clearly was not thinking at the next level. Put another way, asking for a promotion in this manner actually proved that he wasn’t ready for it.

Three Proven Paths to Promotion Failure
Rick isn’t the only colleague I’ve worked with who demonstrated weak reasoning to support a push for a promotion. Here are the three that I’ve seen most frequently in my years in high-tech:
  •  Comparative justification – using someone else  at the target promotion level as a comparison to prove that you’re deserving of the same level
  • “It’s about time” – using time-in-grade, performance ratings, or a combination as the primary justification for a promotion
  • Non-business justification – using something that’s completely extraneous to the business  to justify a promotion

Comparative Justification
We’ve all heard people say “I’m contributing a lot more than she is, and she’s a Director” or “I’ve been in the industry and the company longer than he has, and his department just made him a Director.” I’ve never seen this work. While those comments might be true, they set you up perfectly for an argument with your manager. Now, instead of focusing on what you bring to the company and how you could contribute even more at the next level, you’ve put your manager in a defensive posture, forcing him to justify why someone else got promoted. It’s more productive to spend time talking about you than getting side-tracked by talking about someone else. Worse yet, your manager might even feel compelled to lay out a case against you to explain why you really aren’t as deserving of a promotion as the person to whom you’ve compared yourself. An inexperienced manager might even agree with you, effectively undermining another manager by agreeing that the other employee was not deserving of the title. But every one of these outcomes is a distraction, a potential setback, and has nothing to do with your manager partnering with you to put together a promotion plan. Even a passing mention of a comparison jeapordizes any chance of a positive outcome for you.

“It’s About Time”
When you’re in low-level, individual contributor roles, promotions are fairly simple and easy. Your manager can probably promote you from Product Manager to Senior Product Manager without any other approvals, and can do it just to reward your hard work while sending a good message to the rest of the department. Time-in-grade and performance-based justification alone don’t work for promotions at the Director level and above. The primary justification for your promotion needs to be built on why it’s better for the business for you to move up. Your talent and initiative are great supporting arguments, but you want to engage your manager in a conversation to create a plan for you to move up, not to review your timesheet or your performance ratings.

Non-business Justification
I’ve also seen experienced, talented people completely undermine their manager’s willingness to promote them by using non business- related reasoning. There’s the example from the opening about the employee who tried to drive a promotion discussion based on his upcoming birthday. Others have mentioned that they just bought a house and need to make mortgage payments, that they’re getting married this summer, or that their Business school classmates were all recently promoted. I knew a manager back at Hyperion Solutions who told me that he was going to explain to his boss that he needed a raise because he recently purchased a new BMW and had not realized how much more he would have to pay for insurance. Again, much like the “comparative justification,” any mention of non-business justifications will kill your credibility with your manager.

Put Yourself in Your Manager’s Shoes
We’ll continue to discuss the key ingredients that go into successful ongoing promotions in future blog posts. Meanwhile, as you consider how to make a strong case for your promotion, simply put yourself in your manager’s shoes. Imagine your manager having a conversation with his manager, advocating for approval to promote you. What would you want him to say? Would you rather have your manager outlining how promoting you would help the department (and overall business), or lobbying for you based on your birthday or even explaining how there was a promotion mistake in another department?

Which brings us back to Rick. As we wrapped up our conversation, I asked him to “Put yourself in my shoes, and think about what Director-level skills you can demonstrate and what projects you can deliver successfully so that I’ll have a strong case for your promotion down the road.” Within a year after he successfully delivered against his plan, I was very happy to promote Rick. 

What lessons from the “school of hard knocks” have you learned from when pushing for a promotion or discussing with your direct reports? Please share any other insights you have.

For more information on leadership development, visit ExecCatalyst.