Being a Tech Exec Category

Have a Backup Plan in Times of Uncertainty

Everybody has a plan until you get punched in the face.
Mike Tyson

As a tech exec, it is crucial to have a backup plan and anticipate the unexpected. Despite careful planning, things often deviate from the desired course. In moments of adversity and deviation, how do you respond? How do you lead your team through challenges and keep them motivated?

One key to navigating uncertain situations is by having a strong understanding of the market and industry trends. This knowledge can help guide decision making and inform strategies for adapting to changing circumstances.

Additionally, it is important to foster a culture of agility within your organization. This means encouraging flexibility in processes and promoting a mindset of continuous learning and improvement. By being adaptable, your team will be better equipped to handle unexpected challenges, pivot when necessary, and stay ahead of competitors.

Another critical aspect of successful leadership during times of uncertainty is effective communication. Clear and transparent communication with your team about the situation at hand can help alleviate stress and build trust. It also allows for open discussions about potential solutions and encourages collaboration.

In addition to communication, it is crucial for leaders to prioritize empathy and emotional intelligence. During times of uncertainty, people may be experiencing heightened levels of anxiety and fear. As a leader, it is important to understand and acknowledge these emotions, while also providing support and reassurance.

And for yourself, anticipate the unforeseen and resist complacency.

Even during a smooth journey, having a backup plan in place is prudent. For instance, proactively nurturing your professional network can act as a safety net, heaven forbid you find yourself in need of new opportunities. Remember, preparedness is key.

Being prepared and having a backup plan is paramount. Complacency poses a significant threat to technology leaders and their success. Stay vigilant and proactive to stay ahead in the game.

Another way to navigate through uncertain times is by staying informed. This means keeping up to date with current events and industry trends, as well as seeking out advice from experts or mentors. By staying informed, you can make more informed decisions for your organization.

Finally, it is essential to maintain a positive mindset during times of uncertainty. While challenges may arise, it’s important to focus on the opportunities that can come from adapting and overcoming these obstacles. Encourage your team to stay positive and stay focused on the future, rather than dwelling on the present uncertainties.

Click here for a post on embracing uncertainty in the tech world.

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Importance of a bigger picture

Many technology executives get so wrapped up in the details that they do not see the broader view of an issue, and hence, do not see the risks associate with their narrow point of view.

You might be familiar with the phrase, “You can’t see the forest for the trees.” This suggests that sometimes being too focused on the details prevents you from seeing the bigger picture.

“You can’t see the forest for the trees.” – John Heywood from his proverbs collection, 1546

Many tech executives focus on project details, missing the big picture and overlooking risks with their narrow viewpoint. This often happens because they focus intensely on specific technical issues or immediate challenges, neglecting the larger strategic picture. It is crucial to maintain an open mind and ensure a comprehensive view of all aspects of the business. A diverse team’s value lies in providing insights and perspectives beyond your own, offering fresh angles on problems or opportunities. Yet, it’s crucial to stay open to their ideas, creating an environment where team members feel empowered to share their thoughts and expertise.

Think of a hidden tiger in the woods: focusing too much on one thing could make you miss nearby dangers.

Stepping back gives you a bigger picture view to spot risks or opportunities that may not be obvious upfront. This ability to see the bigger picture is vital for effective risk management and strategic planning.

As a technology executive, recognizing these risks and opportunities requires taking a step back periodically. While focusing on details is crucial for specific tasks, it’s equally vital to take a broader view to ensure you’re prioritizing the right ones. This bigger picture view helps you evaluate, prioritize, and allocate resources more effectively, improving decision-making and business results. Balancing detail with the bigger picture is crucial for successful tech leadership in today’s fast-evolving world.

Moreover, keeping an open mind and welcoming diverse perspectives can also lead to innovation and creativity within the team. Different backgrounds, experiences, and ways of thinking can bring a fresh approach to problem-solving and decision-making. Promoting inclusivity and diversity benefits the business and fosters a dynamic, engaging work environment for all.

Besides fostering team diversity, it’s crucial to stay updated on industry trends beyond your expertise area. This allows you to anticipate potential disruptors or shifts in the market that could impact your business. Stay updated on new tech and industry trends to adapt strategies proactively instead of reacting last minute.

In conclusion, for technology executives, keeping an open mind and stepping back to see the bigger picture is vital for effective risk management, strategic planning, and fostering innovation. Embrace team diversity and stay updated on industry trends to stay ahead and make informed decisions for business success. So always remember, don’t get lost in the weeds, but also don’t overlook the hidden tigers in the woods. Keep a balanced perspective and embrace diverse viewpoints for continued growth and success in the ever-changing landscape of technology.

Click here for a post on avoiding unconscious bias as a tech executive.

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Building Your Network in Tough Times

I had the privilege of addressing a group of tech professionals, including a senior executive recently affected by a layoff. They were actively building their network. These individuals, feeling frustrated and confused despite being strong performers, found themselves singled out due to strategic decisions by their companies. Factors such as team restructuring, discontinuing underperforming products, or identifying lower-performing employees often dictate such decisions. Unfortunately, this group fell into the bottom 10-15% targeted for downsizing.

Job security remains a constant concern when working for others, as the threat of a layoff can emerge unexpectedly.

To navigate these disheartening and stressful situations, tech professionals should unite and collaborate. Launching successful projects can provide protection and the freedom of self-employment. Leverage your technical skills to start a blog, earn affiliate income, and undertake consulting projects. By sharing resources, you can mitigate the risks associated with working solo.

Often, meeting a group of like-minded individuals facing common challenges sparks creativity. It also allows for the exploration of new ideas and concepts that may not have been considered otherwise. Collaborating with others can lead to the discovery of new opportunities and potential partnerships, providing a sense of security and stability in an ever-changing industry.

Furthermore, building a strong network within the tech community can provide valuable connections for job opportunities or potential clients. By staying connected with other professionals, you increase your chances of finding future employment or securing freelance projects.

In addition to networking, it is essential to continuously upskill and stay updated on industry trends.

This will not only make you more marketable but also ensure that you are equipped with the latest knowledge and skills needed to succeed in the fast-paced tech world. Attending conferences, workshops, and online courses can help you stay current and relevant in the industry.

While job security may seem elusive in the tech industry, it is crucial to remember that there are always opportunities available for those who are willing to adapt and innovate. By staying connected, collaborating with others, and continuously learning, tech professionals can overcome challenges and thrive in their careers.

In conclusion, don’t let a layoff or uncertain job market discourage you – instead, use it as an opportunity to connect with others and building your network. After all, the tech community is all about innovation and resilience. Therefore, by working together and supporting one another during difficult times, we can create a stronger and more secure tech industry for everyone.

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Managing a Micromanager

As you progress in your journey as a tech exec, you will encounter a diverse range of individuals and interact with various personalities. Amongst them, the most vexing leader to work with is undoubtedly the micromanager. Learning how to manage a micromanager can make your life much easier.

This person needs to be in control and wants to know everything you are doing. This is painful because you really need to be on your toes. There is a lot of extra work with a leader who is a micromanager because they constantly want to know what you are working on and want to provide lots of input.

Managing the micromanager

If you’re new and unfamiliar to the micromanager, it takes time to establish comfort. Follow their instructions, stay patient, and they’ll value your ability to comply. Eventually, most micromanagers become more lenient, but trust takes time. The trick is to gain trust swiftly. Here’s what you can do:

Regular updates – frequent status reports will help your manager feel good about your activities.
Face to face meetings – the more your manager sees you, the more comfortable they are that you are focusing on work.
Frank conversations – Although this might be uncomfortable, talk to your manager about giving you more space. Explain that you feel good about where you are with your work, and that you feel like you can be independent.

Micromanagers often display signs of insecurity and tend to have nervous personalities. Building a connection and understanding their interests can help foster a positive relationship. Take advantage of opportunities to discuss topics like family, activities, and sports to create common ground.

Building a connection based on shared experiences, such as attending the same university, can help foster a sense of comfort and trust. This, in turn, allows for more flexibility and understanding in your interactions. However, it’s important to remember that cultivating such connections requires patience and investment of time.

Patience is tough

Your manager may frustrate you, but patience and controlling your temper is key. Showing anger or impatience with a micromanager won’t help. Consistently updating your manager and demonstrating success will eventually lead to the freedom you desire. Stay guarded until your manager becomes comfortable with you.

In summary, remain composed, even in situations where your manager scrutinizes your work, seemingly due to a lack of trust. It’s not solely about trust, but rather a matter of control. Dealing with such personalities can be challenging, but rest assured, you will gain valuable insights from these experiences.

Click here for a post on how a tech exec matches personalities to relate to their counterpart.

Leverage Your Strength – a lesson from history

In May 1940, the German army swiftly invaded France, leading to the astonishing defeat of the Battle for France. This unprecedented downfall stunned Europe, especially considering France’s prior reputation as a formidable Western nation. A tech exec can learn from this lesson in history.

Germany didn’t solely triumph with might; even though the French had a bigger, technologically advanced army and knew about the upcoming German invasion, they should have been prepared to repel the invaders effortlessly.

How did it happen?

The lack of trust and effective communication among French politicians and generals was exacerbated by their stagnation in the past. In 1914, France faced a challenging scenario when German forces overwhelmed them. However, their perseverance and strategic prowess proved decisive. The French tactically withdrew, synchronized their remaining armies, gathered crucial support from allies, and counterattacked. Teamwork made the Battle of the Marne pivotal for the allied forces in World War I.

Twenty-six years later the French were still using 1914 tactics against 1940’s technology.

Leverage your strength but update your strategy. The generals believed armor supported infantry from behind, underestimated planes as frontline weapons, relied on horses to outpace the enemy, and used motorcycle couriers instead of rapid communication. They also misplaced trust in misguided technology and overestimated Maginot Line defenses along the German border. The French generals, WWI veterans, failed to recognize technological advancements and clung to outdated strategies. General Gamelin, head of the French military, even lacked a telephone in his headquarters.

The French thought they knew the enemy.

The Germans effectively employed tanks, planes, troops, and weapons in innovative ways. Tanks, bombers, and infantry quickly penetrated, catching the French off guard. The German generals swiftly adapted their tactics using telephone and telegraph. Unfortunately, France failed to grasp the technological possibilities, leading to their complete defeat within 10 days. Unthinkable, but it happened.

A lesson for companies.

Silos in a company are a natural result of its structure, but they must not impede collective power and success. A tech exec should aim for a unified approach to operations, with shared standards across the leadership team. Keeping up with tech advancements and leveraging them before competitors is crucial. Embrace cross-team collaboration and resource sharing to enhance experience and boost versatility.

Organizations that stick in a ridged silo model and do not collaborate will lose to their competitors.

Leverage your strength and avoid having your teams move in different directions, as it weakens a united force. To effectively leverage your combined organization, do the following:

Have a common mission and set of objectives agreed to by all leaders.
Ensure roles and responsibilities between teams are well defined and understood.
Communicate the operating models for each team to all stakeholders, which will help minimize a silo mentality.
Better coordinate work going between teams ensure linkages are understood. This improves teamwork.
Ensure an effective leadership structure where leaders trust and are communicating with each other.
Have a better understanding of the strengths and weaknesses in our teams so individuals can be deployed appropriately.
Ensure that technology is understood and used effectively (to meet business needs) across all teams.

Don’t forget to empower your team! If you leverage your strength, the combined organization, you’ll be unstoppable… and you will have a much more cost-effective technology environment.

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