Friday, 16 November 2012

Bill Clinton on innovation

I went to the Entrepreneur's 2012 conference today and heard Bill Clinton speak.

He said "You have to have the right to fail and admit it so you can succeed."

In our world today this is tricky - especially when you think about the George Entwhistle situation at the BBC. Where as Director General he had to resign when some believe he may be the perfect man to lead the BBC through this crisis.  We can learn from our mistakes.  Success is not always a good teacher.

Clinton joked about liking being part of an NGO because now "When I  screws up I can now say “I did’"

He said

We should try rewarding politicians for saying “I tried this, I failed,  it didn’t work, we stopped, we’re not wasting your money any more, here’s what we learned so now lets do something else.  I wish one of these organizations that gives people awards would set up an award system for innovative political leaders who tried things that didn't work and admitted it to their voters.

So how would this work.  Would we have to redefine how journalism reports politics.  Is it more about solution finding than blame pointing.  Would we have to reform our attitude towards party politics and look at the longer game rather than the short term votes. 

Perhaps over the next few years we have to define how we want our society to run.  Do we want it the same way as before?  With all the challenges and changes happening in politics, banking and the media I think now is a great time to innovate how we live in our society.  Let's look to society outcomes rather than pointing blame.  Let's find economical solutions that help us, our children and our planet not just quick fixes. 

How do we do this.  I'm not sure but it starts when someone like Bill Clinton is posing the argument that politician have to have the right to fail in order to truly succeed.  

Friday, 9 November 2012

Women work for free until the end of the year

Have a look at the evening standard article which says
The Fawcett Society, which campaigns for gender equality, (states that ) the pay gap — 14.9 per cent across the country — is even more marked in London, at almost 23 per cent. And in financial services...., it is a stonking 55 per cent.

Here's my comment on the story:

I completely agree with Vicky Pryce.  I have coached women in the City and the public sector to get their next promotion.  The things they often need to work on is:
1. Belief - they don't believe they can do the job - even when they're doing it already
2. Networking - they get on with being brilliant at their job and forget to tell anyone about it.
3. Clarity - their words can lack confidence - they say "I just won a deal the other day" or "yeah things have been good" when they closed a million pound deal in a new sector.  Tell the facts and let the success speak for itself.
4. Body Language - their body language can imply a  lack of confidence - lowered eyes and shoulders when talking to senior people. They have to get used to stating their successes.
5. Ambassadors - they need other people to shout about their brilliance.  It's always good when it comes from other people not just you.  More women need to ask colleagues to email their line manager to tell them what a great job they've done.

Telling people what you've done isn't bragging - it's helping your manager understand what role you play in the organisation.  It then helps them promote their department.  We're all in sales after all!