Management | Benchmark Consulting

Scientific Proof That Your Gut Is Best At Making…

September 27, 2017February 26, 2020

There are two over-arching kinds of decision making. One requires research and careful thought as to probable outcomes. The other simply goes with the gut.

It may make sense to stick with the latter in matters of the heart, but a number of recent scientific studies show that in business, the inner voice working in concert with cold, hard information could lead to better decision making.The Gut is Faster Than the Mind

The Gut is Faster Than the Mind

Neuroscientist Antonio Damasio of the University of Southern California tells us that it is important to pay attention to “somatic markers.” Originating in the insula (the island in the brain responsible for social emotions like pride or guilt) and the amygdala (which cues our response to threats), they send messages that something just feels right—or it doesn’t. The more you pay attention to the outcome of trusting your intuition in combination with facts, the better your future decision-making can become.

Further Questions

For those still on the fence about a current decision, Angela Jia Kim, cofounder of women entrepreneurs’ network Savor The Success, broke down her thought process for dissecting gut feelings in a previous interview:

“Do I feel good around this person or choice?”
“Does this person or situation give me or take my energy?”
“Do I feel empowered or disempowered?”
“Am I going toward an adventure or running from fear?”
“Am I listening to my lessons learned from the past?”
“Would I make the same choice if I had a million dollars in my pocket now?”
“Do I feel respected and valued?”
“Am I trying to control the situation or am I leaving room for expansion?”

From here, it’s just a matter of trusting both cognitive and emotional responses to figure out the right way to go.

About the author

Lydia Dishman is a reporter writing about the intersection of tech, leadership, and innovation. She is a regular contributor to Fast Company and has written for CBS Moneywatch, Fortune, The Guardian, Popular Science, and the New York Times, among others.

Careers in Wine

What’s the best advice you ever got?

July 12, 2017July 12, 2017

We get advice all the time. From people that we know, we respect and those we don’t know and we don’t necessarily respect….but we learn from regardless. Here is a collection of advice from a group of people from all walks of life…. May something resonate with you!

1. Don’t lose sight.

“‘People who used to run car companies were really into cars. People who ran hotel chains loved hospitality. Now, everything is run by accountants, and you feel it as a consumer.‘ This slightly grumpy rant from one of my mentors, the famed mad man Martin Puris, inspires me to stay focused on the purity and passion of a business pursuit.” –Andrew Deitchman, co-founder of The New Stand

2. You get only what you settle for.

“The best business advice I ever got came from my dear old Dad. It’s quite simple and immeasurably powerful. It goes like this: ‘You, and only you, should set the value of your talents, ideas, services, and/or product. Don’t ever expect anyone to pay or give you more than they have to.’ As an entrepreneur, you have to get used to the fact that, quite often, you’ll be faced with an offer that seems less than the value of your talent, ideas, services, or product. That’s business. You are the sole arbiter of what you, your ideas, services, or product is worth. Therefore, what you get is what you are willing to settle for. You have to fight for what you feel you’re worth. Not that settling is necessarily a bad thing, but where you end up is what you settle for. Sage advice.” –Neil Powell, fine artist and co-founder of Mugnacious

3. Be clear and transparent.

“I learned many things while working for Steve Jobs in the ’90s, including what not to do. While Steve was arguably the greatest marketer of our generation and gave some of the most inspirational speeches of our time, he wasn’t the best communicator when it came to individuals. Steve didn’t set defined expectations for me or other employees: he simply knew it when he saw it. Watching him operate made me recognize the importance of clarity and transparency with my team, and how imperative it is to set expectations and effectively communicate with them. The more transparent I am about where I want to take the company, the clearer my team is about how to get there. Making sure everyone is on board before you make business decisions will help ensure you won’t alienate people (sometimes your best ones) in the process.” –James Green, serial entrepreneur and CEO of technology company Magnetic

4. Forget “having it all.”

“These days, there’s an ongoing debate about whether women can ‘have it all,’ and I’ve often been asked that question. I’m a person who likes to give 100 percent to everything I do. I want to be the best at my job and as a mother. But I realize I can only give 100 percent in the moment. If I’m at work, am I giving 100 percent to my kids? No. If I’m at home, am I giving 100 percent to my work? No. It’s a balancing act, but worthwhile as long as we don’t kid ourselves that we’re superwomen.” –from the book Getting Real by Gretchen Carlson, host of The Real Story with Gretchen Carlson on Fox News, used by permission

5. Don’t get caught in analysis paralysis.

“Work is never going to be as slow as it is today. The pace of business in general — and start-ups specifically — will only quicken in 2016. So, we have to make a lot of important decisions quickly. I got some great advice early in life, which was: ‘Sometimes you won’t know the right decision, so you have to make the decision right.’ In other words, when you lack perfect information and time, you have to be thoughtful about your process, be diligent in your analysis, then make the decision quickly. After that, it’s all about execution and putting all your energy into making it work.” –Don Smithmier, founder and CEO of The Big Know

6. Listening is very different from hearing.

“The best piece of advice ever imparted to me comes from my mom, who is fond of saying ‘What you say matters less than what people hear and understand.’ As a teacher, she was a brilliant listener, and she used what she heard to build a bridge between what she needed to teach and how the student needed to learn. From that, she taught me to focus my efforts on helping people understand rather than on what I wanted to tell them. She taught me how to hear, and it is the single most important skill in my professional success.” –Courtney Buechert, founder and CEO of creative marketing agency Eleven, Inc.

7. Put your weirdness into your work.

“These words were spoken to me by famed voice-over and recording artist Ken Nordine. This was many years ago, and I’ve carried these words with me ever since. He recognized that we all get a little weird from time to time, but it’s how we choose to channel our weirdness that’s key. To offset my very ordinary life, I infuse every project I touch with experimental and fluid creations. It’s what’s led to my best work and most successful endeavors. With weirdness and imaginative thinking embedded in all facets of your work, you are free to spend the rest of your time enjoying the little things in life, a balance that is delicate yet so profound.” –David Slayden, founder and executive director of designer-founder accelerator BDW

8. Action creates opportunity.

“There’s a variety of advice that has had lasting impact, but this is the one that I continue to return to on a weekly basis. It’s a quote from my former CEO. This phrase remains valuable in the big and small, in the tactical and the strategic. We are in an industry that requires the creation and fostering of constant change. We have to invent new ideas, create new services and capabilities, all while increasing the quality of our craft. So while we can all spend an endless amount of time contemplating and planning, there is one force that cannot be denied. Take action, as it will surely create and open up new opportunities.” –Ed Brojerdi, CEO of KBS New York and co-founder of Spies & Assassins

9. No cohesion, no team.

“In creative industries especially, teams are central to the work. They are integral to collaborative cultures and, far more often than not, essential to innovation. What too many people fail to recognize, however, is that two or more people working together doesn’t automatically constitute a ‘team.’ These people may be partners and co-workers, but that’s not enough to effect the magic that genuine teamwork can produce. When I was running the brand-strategy practice for consultancy FutureBrand, we assembled teams to take on each assignment and were careful to include a diversity of skills and backgrounds in each. I couldn’t help but notice, though, that certain teams were far more effective than others. In a management meeting, we discussed the issue and then we each went off to gather more data. When we reconvened, the lesson became clear: No cohesion, no team. It turned out that the highest performing teams simply liked each other more. They would break for dinners. Go bowling. Share their weekend plans and recaps. They genuinely cared about one another. And that led to a level of performance that far outstripped anything that less cohesive teams could hope to achieve. I keep that lesson in mind, not just when I’m putting teams together but also when I’m hiring. However brilliant or accomplished a prospect is, I don’t want to hire that person if he or she can’t play well with others. I look for the right mix of skills and mindset, of course, but beyond that I want to know that the person will be worthy of colleagues’ trust and a positive presence within the company. If not, I’d prefer that person play on someone else’s team.” –Andrew Benett, Global CEO of Havas Worldwide and Havas Creative Group

10. See the spaces, not the trees.

“This is a snowboarding reference. It can be daunting, standing at the top of the mountain readying yourself for the trip down, and seeing all the trees in your path. But the key is to see the space between the trees. This sort of mindset, seeing the opportunity and not the obstacles, is important as you start out on your next life chapter, both personally and professionally. When you’re deep into your work or facing a personal challenge, it’s easier to see the barriers, but don’t let them stop you from pursuing the opportunity that exists around them. Remember the business of your business. Many companies get caught up in the service they provide versus what actually drives their business. For example, Twitter is a micro-blogging service. But at the end of the day, what pays the bills is selling ads and sponsored tweets on the platform. Don’t lose sight of the actual economics of your business; it’s what keeps the lights on

Careers in Wine

12 habits of Genuine People

November 15, 2016February 26, 2020

There’s an enormous amount of research suggesting that emotional intelligence (EQ) is critical to your performance at work. TalentSmart has tested the EQ of more than a million people and found that it explains 58% of success in all types of jobs.

People with high EQs make $29,000 more annually than people with low EQs. Ninety percent of top performers have high EQs, and a single-point increase in your EQ adds $1,300 to your salary. I could go on and on.

Suffice it to say, emotional intelligence is a powerful way to focus your energy in one direction with tremendous results.

But there’s a catch. Emotional intelligence won’t do a thing for you if you aren’t genuine.

A recent study from the Foster School of Business at the University of Washingtonfound that people don’t accept demonstrations of emotional intelligence at face value. They’re too skeptical for that. They don’t just want to see signs of emotional intelligence. They want to know that it’s genuine—that your emotions are authentic.

image of Benefits of emotional intelligence

According to lead researcher Christina Fong, when it comes to your coworkers,

“They are not just mindless automatons. They think about the emotions they see and care whether they are sincere or manipulative.”

The same study found that sincere leaders are far more effective at motivating people because they inspire trust and admiration through their actions, not just their words. Many leaders say that authenticity is important to them, but genuine leaders walk their talk every day.

It’s not enough to just go through the motions, trying to demonstrate qualities that are associated with emotional intelligence. You have to be genuine.

You can do a gut check to find out how genuine you are by comparing your own behavior to that of people who are highly genuine. Consider the hallmarks of genuine people and see how you stack up.

“Authenticity requires a certain measure of vulnerability, transparency, and integrity.”
–Janet Louise Stephenson

Travis Bradberry ,

CONTRIBUTOR-Forbes

Careers in Wine

5 Signs You’re a “Unicorn” Employee

October 10, 2016February 26, 2020

Unicorns are hard to catch. Back in the 1500s, it was believed that only fair young maidens could gain the trust of these elusive, horned creatures.

I’m no fair maiden. Still, in my time, I’ve had the luck of getting close to many magical unicorns … in the form of “unicorn” employees. Not to be confused with unicorn companies—startups valued at $1 billion or more—“unicorn” employees, for me, are staff who possess a unique set of qualities that make them extremely rare and valuable. Like actual unicorns, they’re hard to find, but once hired, offer up enormous benefits in the workplace. To name a few, they shatter expectations, raise the bar for everyone and are simply a joy to be around. Unicorn employees can literally take your business to the next level.

Whether you’re looking to build a unicorn army, or hoping to boost your own value in the workplace, here are the five key qualities of unicorn employees:

You aren’t limited by your job title.

In the span of about 5 years, my company, Hootsuite, went from a 100-person tech startup to a 1000-person global company. Through this stage of “hyper growth,” employees who truly flourished were flexible and intellectually curious.

Earlier on in the business, this meant having the ability to wear many hats and excel at varied tasks, critical at a fast-growing startup. For example, just because somebody’s job title was “Office Administrator,” didn’t mean she would shy away from pitching in on a major marketing campaign by helping brainstorm some catchy tweets.

Later, as the company grew, unicorn employees jumped at the chance to dive deeper into specific, growing areas of business, which needed good people. Some even decided to move across several departments. I saw unicorn employees make surprising leaps—one even went from financial specialist to software engineer. I think this is so important to employee growth that we recently launched a new pilot initiative, called the “stretch program,” to help people expand their knowledge and expertise across the business … and grow their unicorn horns.

You think big and small.

Exceptional employees are able to think strategically. This means having the ability to take a step back and see the overall company goals, or the industry as a whole, then apply it to your work. To be effective in business, you must be able to see the big picture.

On the flipside, while big-picture thinking is critical, I’ve also found that the best employees also know the devil is in the details. Running a business requires meticulous attention. A minor copyright issue, improperly executed email campaign, or even what seems like a small technical glitch can end up being catastrophic, affecting a lot of clients in a short period of time. The best employees are those who take the time to read the fine print. These are the types of people I know I can entrust with serious responsibility.

You have true grit.

The concept of “grit” has made its way into popular culture recently, perhaps sparked by psychologist Angela Duckworth’s popular TED talk and book, on the subject. She defines grit as “perseverance and passion for long-term goals,” and says it’s a crucial factor to achieving success.

I couldn’t agree more. Being an entrepreneur since I was a teenager, I’ve learned that the business world is like being on a boat in the open sea. Whether it’s a patch of rough waves or an unexpected storm, unexpected obstacles are inevitable. During these turbulent times, having grit—a dogged persistence—can help you keep focused on the destination. In fact, that very outlook helped my billion-dollar company weather the storm and get to the next level. Unicorn employees have true grit, and are able stay calm and focused on the task at hand, even on choppy seas.

You’re respectful by nature.

The ability to work well with others is a skill that benefits any workplace. It seems simple enough, but you’d be surprised.

A few years ago, I put out a job posting for a high-level sales role. Many people applied, and after a series of interviews, I had some top candidates in mind. However, when I checked in with my executive assistant at the time, I was shocked to find out how many of those people who had been personable and courteous to me, had been downright rude to her.

Unicorn employees are respectful by nature, and would never treat someone—regardless of title —in this way. It’s something that absolutely sets a stellar employee apart from an average one. In fact, this is so important to the well-being of our staff, it’s been built into two of our four core company values: “Respect the individual,” and “lead with humility.”

You get it done.

A few years back, LinkedIn CEO Jeff Weiner sent out a short status update on his platform: “In simplest terms possible, the people I most enjoy working with dream big, get it done, and know how to have fun.”

The update blew up, striking a chord with the tens of thousands of people who commented and liked it. (Weiner followed up by writing a full post on the topic.) Like him, I too am a huge proponent of having fun at work and believe it’s crucial to success. However, I can’t stress how important it is for people on the job to be able to get shit done. After all, no matter how great a co-worker is to be around, if he can’t produce actual results, his presence is isn’t ultimately helpful and may even be damaging to others. Great teams can be shattered by a single member who can’t get shit done.

Meanwhile, studies have shown that top performers contribute to a business 10 times more than their average counterparts. In fact, some firms, including Microsoft, claim that figure to be 100 times.

The bottom line: At the end of the day, you can be respectful, multi-talented, tenacious, detail-oriented and a big thinker. But if you don’t produce real results and move the needle, all those traits are wasted. You must be able to execute. It’s an essential unicorn quality.

For companies and business leaders, it’s probably worthwhile to put some extra time and effort into chasing unicorns. Unlike their mythical counterparts, they’re very real and they can change your company. And for unicorn employees in the making, it’s never too late to grow your strengths and make yourself more rare and valuable than ever.

Ryan Holmes

CEO @ HootSuite

Image: Evonne Heyning

Careers in Wine

Drowning in Guilt-How to hire millennials—and weed out the…

September 4, 2016

Yes, I hear you complain about them every day: Those millennials, they ask about vacation time in the first interview! They get a bad cold and disappear for days!

They want my job after a week in their job!

“Who do these upstarts think they are,” you moan to me over every business lunch.

I feel your pain—but question your premise. Sure, there are tons of indolent slackers lounging in their parents’ rec rooms and some of them should stay there because they make terrible employees. But don’t dismiss the generation; just take some hiring and management precautions. Here are six steps to weeding out the duds and finding the eager hard-chargers who’ll stick around, build your business and make you look good.

1. Be brutally honest in the interview.

I used to mince words with prospective employees. In my lexicon, senior people with monstrous egos that needed to be not only tolerated but massaged were referred to as “challenging” or “difficult.”

I’m not polite any more.

I tell the prospective employee that the wine industry marketing environments, for an example can be hard to work in. I also tell them I don’t allow screaming, yelling, throwing things ain the organizations they may work in.…but those “difficult” people will still find ways to torture you. (I don’t, of course tell them that back in the day, at X Winery, one of the Sr. Marketing VP threw a box of yellow Kleenex at a friend of mine saying, “Don’t come back until these are white!”) I also tell them that the WIne Marketing business is a somewhat stagnant business right now. Several tiers of the job ladder have been eliminated and now there are only assistants and senior brand managers. Where I used to have five mid-level jobs to promote assistants into, I now only have one. I tell them it can take four years instead of two to advance. If they are still sitting in the chair across from me when I’m finished with this non-seduction, I figure they must really want the job.

2. Don’t hire them if you sense even a whiff of entitlement. I tell every prospective employee that they will be gofers for the first two years (that means chores like packing wine and POS for various events) even if they won’t be. When one young man who wanted to be a brand manager said, “But my university led me to believe…,” I said, “Stop right there. No one cares what your college led you to believe. They only care if you can use a copy machine and answer phones. That is how we all started.” No surprise: Our discussions ended there.

3. Do a hunger check. For a big part of my career, my assistant’s chair was held by a revolving door of fill in the blank recent top 10 University Grad . I wasn’t looking for a University Grad; it’s not as if I graduated from any of these schools or wanted to do something for my alma mater. It just so happened that at the time, these smart, heads-down kinds of people worked perfectly in the male dominated wine industry. Later on I tried out grads from other Ivies, but after going several rounds with Harvard kids who embarrassed me with their sloppy, “I’m above all this” office work, I put a moratorium on Harvard diplomas. (See, you don’t have to be a millennial to feel entitled.) I feel the same way today: The hardest-working, most attentive, most intelligent starters still come from schools with un-fancy names. They’re millennials, for sure, but not slackers. I have come to believe that America’s top-tier schools are doing their graduates a disservice by boosting their expectations about starter jobs. Entry level is the great flattener of the working world.

4. Remember, everyone announces themselves in the interview.

I learned this the hard way when I ignored my gut response and hired a young woman who made me feel uncomfortable in the interview. She startled me during our first discussion when she suddenly asked intimate questions about my children. Turns out that in preparing for the interview she had done something smart: She’d gone back and read all of my editor’s letters, in which I’d written often about my kids. But she didn’t explain that in the interview, leaving me to feel she’d snooped in a creepy way, which made me squirm a bit. But I hired her. Our entire time together (less than a year) was marred because she constantly tried to front run my desires and fumbled them; she couldn’t wait for direction.

5. Shake ‘em up a bit. Ok, so I’ve worked with some of the scariest people in wine—and made it through. While some people are just mean and awful because they can be, I’ve carved out a spot as a pretty nice person who is tough but fair. But every now and then, especially when working with the overly pampered (millennial or otherwise), I find it’s a good idea to borrow a trick from the monster-boss playbook and send a tiny chill down their spine. I am a little sterner than I would normally be; I play the tough parent who won’t put up with the crap they just handed me. I let them know I set a high bar and plan for them to jump high enough to clear it.

6. When you find the good ones, help them move up—even if that means losing them. Yes, I said that. When you find those great millennials, be generous. Part the waters for them, give them perks, jump into their court and use your influence to move them along to the next tier when it’s time—even if the better job is not in your winery and it kills you to lose them. That’s how you win their loyalty. Forever. And you just may be nurturing an employee who’ll come back to you years later.

Communication

In the Hot Seat: Handling Tough Questions Honestly

July 5, 2016

Information exchange is integral to creating win-win deals, but it must be carefully managed. Disclose too much and your counterpart might take advantage of you; disclose too little and you miss opportunities to discover mutually beneficial trades. So what should you do when you’re asked a question that, if answered truthfully, would put you at a bargaining disadvantage?

WHAT NOT TO DO

Lie. You will be tempted to lie. Don’t. Setting aside ethical, moral, and legal arguments, if you get caught, it can damage your reputation and your relationship with your counterpart and potentially put the entire deal in peril. Research shows that many positive interactions are required to restore trust after a single breach, and breaches entailing deception are among the most difficult to recover from.

Palter. Another common but misguided approach is what Todd Rogers and colleagues call “paltering,” or using truthful statements to convey an inaccurate impression. The researchers give the example of former U.S. president Bill Clinton’s answer to a question about whether he’d had a sexual relationship with Monica Lewinsky: “There is not a sexual relationship—that is accurate.” Technically that statement was not a lie, because his involvement with Lewinsky was in the past. But research shows that people view such legalistic skirting of the truth as unfavorably as they view outright lying.

Abstain. A third common workaround is to abstain from answering the question. However, Kate Barasz, Michael Norton, and I have shown that this tactic leaves a worse impression than disclosing even extremely unsavory information. For example, in one study, participants viewed people who had confessed to frequently stealing items worth more than $100 as more trustworthy than those who had simply refused to answer the question.

WHAT TO DO

Redirect. In the short term, the strategies deployed by politicians, who routinely face tough, direct questions, can be instructive—particularly for one-shot negotiations (when you are unlikely to meet your counterpart again). A familiar tactic is to dodge the question by changing the subject to something seemingly related. As noted earlier, people are generally not very good at detecting dodges, so you have an opportunity to selectively disclose information of your choosing. A second strategy is to turn the tables and question the questioner. Responding in this way can deflect attention and enable you to take control of the topic.

Share carefully. If you’re playing a longer game, disclosure can work in your favor; it can foster trust and facilitate better outcomes through collaboration and joint problem solving. To avoid being exploited, however, negotiators should start small: Share a substantive but not critical piece of information. Only if your counterpart reciprocates should you continue the tit for tat; disclosure without reciprocation leaves you vulnerable to your counterpart’s value-claiming tactics.

Leslie K. John is an associate professor at Harvard Business School. Twitter: @lesliekjohn.