That's the sentiment expressed by Eduardo Castro-Wright, vice chairman of Wal-Mart Stores, in an interview in The New York Times this past weekend. Despite that fact that I write business books, I happen to strongly agree with him. Here are a few more of his comments:
"At the end of the day, retailing - but you could apply this to many other businesses - is not as complicated as we would like to make it. It is pretty logical and simple, if you think about the way that you yourself would act, or do act, as a customer."
"I’ve worked 30 years now in management roles, and a number of times I’ve seen a new C.E.O. come in, and the first act is typically to get the leadership team to an offsite. And you get a consultant - because you can’t do it without a consultant - and the consultant then helps the team design a vision. And then you’ve got all these words, and several thousand dollars and a couple of days of golf later, you go back to the company to actually try to communicate that vision throughout the organization. So you hire another consultant to do that. It shouldn’t be like that."
"I think the best source of strategy is your customer and the people who work for you. I’m not saying there’s no room for a vision statement or anything like that. I’m just saying that we tend to spend too much time on that and not enough on the more practical, down-to-earth requirements that drive business."
Can I get an Amen! One would think that the harsh realities of the economic slowdown would have forced organizations to strategically focus on adding value in meaningful ways to the lives of their constituents. In fact, it has had the opposite effect.
Instead of inspiring what's left of their organizations with a meaningful goal of helping others through their people's unique ideas and involvement, leaders are either:
There is another, much more sensible option: Start doing things with and for your people and your customers. They all know that the future is a big unknown. What they want right now is respect and understanding. They want to feel special. They want to express themselves and they want control over their lives. And they want you to help them get there.
Business is no longer a simple cause and effect, transactional, quota-driven environment. Now it's all about trust and involvement - relationships. And relationships are messy. Relationships are hard to quantify. Relationships take time.
This is a moment in time that holds more possibilities for you than any period in the history of humankind. And the only thing standing between you and the results you truly want is you - and your need to control it. That's right! Your mind is your enemy. And control is your albatross.
Control destroys relationships. Control blinds you to opportunities. Control shuts down your inner voice. Control is driven by your ego's need to serve itself. Control is an illusion you cling to primarily to alleviate your fears.
Great leaders give up the need to control, come to terms with their own egos, and dedicate themselves to helping others. They inspire. They embrace change. They accept the uncertainty of the future. They trust people and help them live their dreams.
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It may be the case that we read too many business books. But I can't get enough of your blog. Reading it is always a pleasure. I'm inspired and enlightened and nodding my head in agreement. Thanks Tom!
Posted by: Sebastian Franck | May 27, 2009 at 03:20 AM
Great point about keeping the customer in mind and not complicating the who process and my theory has always been without some kind of direct marketing to your customers the retailer is doomed to wander the waste land of non loyal customers because for the most part retailers will NOT take the time to market to them.
Hence my website www.retailmarketingsuccess.com which is designed to make marketing to their customers a breeze.
Great info on your blog...
Cheers,
John Young
Posted by: John Young | May 27, 2009 at 10:44 AM
Tom,
I don't agree with Castro-Wright and I find it interesting that you didn't include his actual quote about business books.
His statement really suggests business books lead people to hire consultants, causing the over zealous mission statement writing and lack of follow through when unleashed on the organization. It is a little crazy to blame business books for a knowing-doing gap.
Later in the article he laments how MBA programs don't teach the right skills when business books are exactly the product to feel the knowledge gap.
I wrote a more coherent post here:
http://blog.800ceoread.com/2009/05/26/all-of-us-read-too-many-business-books/
Posted by: Todd Sattersten | May 27, 2009 at 10:01 PM
Thanks for the comment Todd. In this particular case, coherence is obviously in the eyes of the interpreter. I didn't include the entire quote, because I didn't sense the same connection as you. Perhaps your interests have colored your perceptions, as my experiences have colored mine.
Posted by: Tom Asacker | May 27, 2009 at 10:13 PM
I too read business books. But I don't really see his comments as an indictment of reading per se. It seems to me rather to be a question of overcomplicating business by too much theory and modelling and too little passion and even less action. You can only talk, and think so much.
Posted by: Sebastian Franck | May 28, 2009 at 12:33 AM
Tom,
Amen!
Be well,
Bob
Posted by: Bob Souer | May 28, 2009 at 10:08 PM
You can get an AMEN from me. I think this is sound and reasonable and should be put in a book (Just Kidding about that).
Seriously though, it is great advice, treat people (in this situation employees) with respect and dignity, allow them some flexibility, and listen to what they have to say because they work the problems everyday. They know what is broken and needs to be fixed and what should be left alone.
Posted by: Fortune Teller | May 30, 2009 at 12:58 AM
You can read too many business books, I would suppose, just as you can read too many self-help books on other topics. I think the problem is when you read, in stead of do or when your reading leads to a paralysis of indecision. I get good ideas from reading business books, and from reading business-related blogs. There is a wealth of information out there.
I was just reading about some top business books (someone's list, obviously) on another business site. I'd heard of some -- not all, by any means, and bookmarked the page so I could go back and write down some titles later, for a trip to the library. (I did find myself wondering where the Dale Carnegie classic is used much anymore, though.) I know some will be way too boring and basically useless. I think to be effective, a book has to be readable, and has to give concrete tips that apply somewhat universally, like the book, Take the E Out of EGO and GO! While the book covers a lot of topics, I got value from the stress on communication skills and having good business relationships. Get your big fat ego out of the way and be more effective in your business. Very readable, very practical, with good tips and pointers.
Posted by: Liz | June 03, 2009 at 04:12 PM
Stopped by your site again, and was wondering what your thoughts were on the book I had mentioned. Did you get a chance to look at it?
http://eoutofego.com/
Posted by: Liz | August 14, 2009 at 02:10 PM