business smarts or is curiosity enough?

=====================

“We’re in a world now where it’s not enough to be smart. You have to be curious. Curiosity is rare. That level of intelligence is rare. business thriving orProbably the further up in a business you are, the less intelligent you need to be. At the entry stage, the sieve grows ever tighter and education can only do so much. The truth is we don’t manufacture that many really smart people.”

Barry Diller <Media Industry Outlook for 2014>

===================

 

Well.

This is about what is more important in business – business smarts or curiosity. To begin I use a phrase my friends at TopModels refer to as ‘black box thinking.’ It is a combination of the fact in today’s business world:

–          Knowledge <or information of shit> is available to anyone with access to a computer <a black box>

curiosity ownership–          There are an increasing amount of things which are ‘black boxes’ of inner workings <they work … but the majority if is have no clue how they work>

–          Great decision making in today’s business world is more often defined by on how good you are at assessing what aspects should be accepted on ‘faith’ <the black box designated aspects> and what aspects need real knowledge & understanding

–          It has never been possible to know everything … but in today’s world it is mind numbingly <and humbling so> obvious <which means we HAVE to be dependent upon black boxes>

–          Curiosity is not just a business characteristic but also a management tool <an openly curious leader embraces team dialogue & discussion – without relinquishing decision responsibilities>.

All that said. Smart isn’t enough.

In order to weave your way through business issues, organizational issues, people issues and real knowledge issues takes a daunting combination of strength of character, curiosity, strength of self and real leadership <of which confidence, not arrogance, is embraced>.

Yikes.

Now there is a tough combination of characteristics to embody in one person.

Well. That’s why there aren’t many great leaders in today’s business world.

Business is changing. Therefore business leaders <and what is needed> are changing. And I say that to not simply suggest … but rather I will unequivocally state … that many of existing leaders are unqualified to meet these characteristics.

Now.

You may think I am being a little harsh … but read what Barry Diller said in his interview:

By the third hour of your morning, you have some kind of a headache. The reason is you can never master the swiftness of change, innovation, knowledge, etc. It’s very daunting. You really didn’t need to know very much if you were really good, if you had better instincts. We’re in a world now where it’s not enough to be smart. You have to be curious.

Curiosity is rare. That level of intelligence is rare. Probably the further up in a business you are, the less intelligent you need to be. At the entry stage, the sieve grows ever tighter and education can only do so much. The truth is we don’t manufacture that many really smart people.smart person test 72

We really don’t manufacture that many really smart people.

Well. Certainly not many smart business people <although we do manufacture business smart people>. And we need more smart business people these days to face not only the changing face of management but to face the changing face of business challenges. Deloitte reports the following challenges:

 

–          The confluence of eroding brand loyalty, enduring recessionary consumer attitudes, rising digital influence on the shopping path to purchase and cross-channel conflict create a challenging environment for consumer companies.

Eroding brand loyalty: For the third year in a row, brand loyalty in the food, beverage and household goods product categories has declined, according to the 2013 American Pantry Study. The percentage of “must have” brands – those brands consumers will purchase whether on sale or not – slipped from 33 percent in 2010 to 29 percent in 2012 due to sales on competing national brands, less expensive brands and private label offerings. The threat from private labels remains as many U.S. consumers (88 percent) have found several private labels they feel are just as good as national brands. Moreover, relatively few consumers (27 percent) plan to switch back to national brands from private labels when the economy improves. 

–          Rethink brand and product portfolio for the new normal: In the 2013 American Pantry Study, 76 percent of U.S. consumers surveyed believed that, “Going through these economic times has caused me to realize which brands I really care about and which ones are less important to me.”

Those brands with the highest loyalty outperform other brands on perceived product performance, experience and trust. As consumers are re-evaluating their brand relationships, consumer companies also need to rethink their product portfolio in light of the widening gap between the affluent and lower-income households. Consumer companies may need to have distinct strategies (e.g., brands, product offering, pricing) to target affluent and lower-income consumers.

–          Connection.

The world is now an always-connected world and everyone is more likely to use online and mobile technology across the shopping lifecycle. I don’t care if its storytelling or customer centric or even good ole fashioned “doing business the right way” everything comes down to being agile enough to create relevan connections at the right time with the right message.

Businesses just need to be … well … smarter moving forward.

curiosity disneyTherefore their leaders need to be smarter. Smarter in being relentlessly curious and relentlessly adapting <and adopting new knowledge>.

None of the challenges I outlined suggest plans etched in stone.

None of the challenges I outlined suggest finding the necessary knowledge through benchmarking <or any education>.

None of the challenges have a fool proof solution.

I say these things because:

The sign of intelligence is that you are constantly wondering. Idiots are always dead sure about every damn thing they are doing in their life.”

Vasudev

==================

These challenges mean Business needs a new kind of leader. Smart … but a curious wondering agile smart. One who roams intellectually but has the ability to stand still with regard to vision … and maybe more importantly … on decisions which can, and will, come fro any direction. They will have the ability to be vibrant in repose and still amidst fluidity.

This is a tricky leadership skill. Not for the faint of heart. And, frankly, there will not be a lot of people particularly good at this.curiosity leader burden

You not only have to demonstrate curiosity but also cultivate a curious culture organizationally. That’s not the tricky part. That’s the easy part.

The hard part is managing a curious culture. Good leaders continuously learn more about their subject and are not afraid to show mistakes or admit that they don’t know it all. They continuously seek to experiment with new ideas.

While this kind of passion is both infectious and memorable … when not managed well … it can lead to an organization that sits around debating rather than doing. Constant curiosity means constant questioning especially in a world where knowledge is fluid and constant and at your fingertips. The new leader will encourage ongoing curiosity and excel at saying ‘stop here’ <no more intellectual exploration>, from this point we make a decision and go ‘do.’

That will take a good leader. Uhm. That will take a smart curious leader.

Anyway.

Smart curious leaders will walk the fine line of balancing decisions & choices <with the knowledge many decisions are “best in this time and place”> while the idiots will always be sure of what to do and where to go.

The smart will always recognize that today’s decision is a moment in time <with a horizon in mind>. And will engender support in the decisions because the followers understand that in a fluid world solid steps matter … and they may not agree today … but believe their leader is curious enough to adapt tomorrow if needed.

Look.

Smarts do matter. As stated upfront … ‘being smart will not be enough.’ The key is ‘not enough.’ Leaders still need to be smart. It’s just they need to be curious … always wondering and learning and asking and evolving and adapting.

smart people and doubtCurious as how to spot the idiots?

They will be sure someone already has found the answer <and attempt to copy ‘greatness’> and therefore will always be sure of everything <these are the people who thrive on implementing book “to-do’s”, best practices & whatever the business fad-of-the-day is>.

Remember.

The truth is we don’t manufacture that many really smart people. Uhm. The odds are you are working with an idiot.

, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Written by Bruce