Running Better Meetings

by zacharyclayton on February 14, 2013

In January, I attended a great workshop that Ellie Byrd hosted for Moderators of an Entrepreneur’s Organization (EO) forum.  The EO forum is a confidential peer group of founder/CEOs who share ideas, discuss problems, and serve as a sort of “personal advisory board” for each other.

Here are a few takeaways I had from Ellie’s workshop:

  • When a meeting starts to wonder or gets off track, take a 60 second break.  Or ask everyone to go around a circle and share a “one word update”
  • Set clear norms around cell phone use
  • Keep meetings interesting by varying the type of meetings you have.  Sometimes you may need to use a standard format; other times you may want to do a “brainstorming roundtable”
  • The more people in the meeting, the more important structure and preparation become.

Right now, at Three Ships Media, we are doing several uniques things in our internal meetings:

  • Starting the meeting by emphasizing our values: Spirit of Service, Accountability, Initiative, Listening, and Scrappiness
  • Insisting that each meeting have a moderator or a chair.  That person is responsible for starting the meeting on time, keeping the discussion on track, and ending the meeting on time.
  • Holding the moderator accountable for the agenda.  The agenda sets out the items to be discussed; ideally it should be sent out ahead of time so everyone can prepare for a fast/effective meeting
  • Ending the meeting by having everyone hold up a 1-5 rating of the meeting.  If someone doesn’t rate a 5, they need to share an idea for improvement.

Even though we’re doing these things, we still have lots of room for improvement!  What are you doing to make your meetings more effective?

 

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The Letter I Send to New Hires

by zacharyclayton on January 31, 2013

I’m sharing the letter I place on the desk of a new hire, when they join Three Ships Media.  We have made great progress the last year in building our culture and creating values that guide the company.  This attempts to convey some of that to new sailors.  What do you think?

 

From: Zach Clayton

To: New Shipmates

Re: What We’re Trying to Do Here

Congratulations! We’re extremely excited that you’re now a sailor at Three Ships Media.

By this point, you’ve probably gotten to know several people at Three Ships fairly well. Our hope is during the recruiting process we’ve been fairly transparent about what we’re good at, what we’re working on, and more importantly, what we’re trying to do here.  All that said, the recruiting process is always a bit of an awkward dance. You’re trying to sell us while you evaluate us; we’re trying to sell you while we evaluate you.

As you begin, I want to share a few reflections with you on what we’re trying to accomplish at Three Ships Media. The more we get to know each other and the more trust we develop, the more forgiving and empathetic we’ll be when either the company screws up (which it will) or when you screw up (which you will!)

We are trying to build a company that attracts the best talent from across the country to help our clients move their businesses forward. Across the last couple of years, we’ve been able to exploit what is a huge inefficiency in the market: the lack of sophistication around how to effectively use content, digital advertising and tactics like Search Engine Optimization to effectively build audience and convert it into customers. That doesn’t mean that inefficiency will always exist or that there aren’t other capabilities Three Ships Media will add as we grow.  At the core of what we’re trying to accomplish is helping our clients move their business forward.

Many mature companies – notably General Electric, Honeywell, or Disney – have well-established processes for leadership development. The positive of joining a place like that is you benefit from generations of leadership development training. The negative is you enter a huge freaking bureaucracy. Hopefully one of the things you learned as you were assessing Three Ships Media was the fact that, as a start-up, we don’t have much bureaucracy. The con of this is that sometimes we lack systems, which means you have to be a little patient with us.

In addition to patience, several other virtues will ensure that you add value quickly at Three Ships Media. Adding value is the #1 factor that will influence your access to future career opportunities, your compensation, and the overall quality of your experience. Let me suggest some shortcuts to adding value quickly:

1. Build domain expertise. We want an unfair advantage at digital marketing. That requires each person on the team to build knowledge in specific areas.

2. EQ is more important than IQ. In our business, complexity is a given. That means our teams must be cross-functional and we must proactively communicate across them, solving problems to get things done and feeling comfortable disagreeing with colleagues while not being disagreeable. It’s a given that you’re smart (otherwise, we wouldn’t have hired you). Going forward, your emotional intelligence will likely have a bigger impact on your success than your intellect though.

3. Ensure accountability for commitments. We are invested heavily in our company operating system. However, while tools may help you achieve accountability, ultimately it rests with your willingness to accept ownership for results. Ask constantly: What does good “look like” and am I tracking toward that or do I need to find resources (advice, learning, etc.) to achieve the goal?

4. Think and act with discipline. A significant competitive advantage we will have at Three Ships Media is our ability to get concrete. Many companies have a meeting when they don’t know what to do. Many companies make decisions by committee. Ultimately, one person is responsible for any decision at Three Ships. Others may weigh in but one person must be responsible and must be held accountable. Getting concrete and being disciplined in our thought and in our actions means being precise. Don’t send an email saying to 8 people, “What should we do?” Instead, send an email saying, “Here is my proposed plan of action. I welcome thoughts by Thursday on what we should do; otherwise, I will act.”

5. Have a bias to action. Very few start-ups die from lack of strategy. Many die from lack of results. We have a bias to action. We try to sell before the product may be ready. We try to build the product before the vision may be complete. We test things in the market before we make big fancy announcements and roll them out. In doing this, we must be willing to fail, and we must be willing to move fast.

6. Engage. By joining Three Ships Media, you gained access to something unique. Several members of the team have started businesses. Others have worked at the world’s most prestigious companies. And you have access to all of them. You will need to make a deliberate effort to seek them out and to find resources that support your own efforts to accomplish something for the business. Ask for help. Get shipmates input. Think proactively about what’s the next step. And if you do all of this, you will deliver results.

7. Be selfish with your time. The best leaders know that time is their most precious resource. If you’re in a meeting, is it moving you closer to the objective? If you’re working on a task, is it accomplishing the goal? You will have to be jealous with your time, because you will need it to achieve the results we expect.

There is no secret to success.  The best leaders are focused.  They are disciplined.  They are engaged.  We saw something unique in you during the interview process, and I’m certain that that you will bring confidence and competence to this company.  We’ll do all we can to ensure you are working on the right activities.  Ultimately, it’s up to you to make sure you deliver the right results.

I’m looking forward to getting to know you better as we have the opportunity to work together.

Zach Clayton

 

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Flexibility with Accountability as the Goal of a Company’s Operating System

January 28, 2013

I love ideas and brainstorming, and often I am a little bit ADHD.  (Most entrepreneurs are.)  However, as a company grows a huge part of its competitive differentiation comes from establishing processes.  The good news about processes is that they create efficiency, capture institutional knowledge, and scale.  The bad news is they are inflexible.  (Ever [...]

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Social Innovation in the Public Sector

January 23, 2013

Video of the entire panel at eAdvocacy 2012 sponsored by Eli Lilly.  Enjoy!

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Writing, and Living, Posthumously

January 21, 2013

I find myself re-reading Jeffrey Eugenides’ Christmas Eve article in The New Yorker.  He elaborates on the advice that a serious person should attempt to write posthumously.  The writer Christopher Hitchens says, “one should compose as if the usual constraints–of fashion, commerce, self-censorship, public and perhaps especially, intellectual opinion–did not operate.” To me, the aspiration to write posthumously [...]

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How Disinterest Helps Fulfill Duty

January 1, 2013

Winston Churchill bullied, cajoled, intimidated, mesmerized, entertained, and uplifted; but he did not strive.  Given how we decry “career politicians,” why do we so acclaim this one–a man first elected at age twenty-six? As a youth, as a parliamentarian, as a Minister, and as England’s Prime Minister, he possessed an inner confidence in his principles [...]

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The Chronic Pain of Governance Today

December 27, 2012

The cliff looms.  Both sides, impervious to reason, posture.  The country yawns. So this is what democracy comes down to?  We expect so little from today’s political leaders that when they play chicken with the foundation of capitalism—the integrity of our national debt—we accept this, this unapologetic finger-pointing, as the status quo? All agree there [...]

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The World Runs Away From Risk

October 4, 2012

I have read Sir Ronald Cohen‘s book a few times.  He is a self-made man, and an impressive one at that.  Perhaps most of all, I admire the way he built a great enterprise while actually playing a pivotal role in the creation of hundreds of others. This weekend I got to watch his relatively short [...]

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Great Leaders Master the Contradictions

October 2, 2012

UNC trustee Peter Grauer, the Chairman of Bloomberg LP, delivered a high energy lecture last week at Kenan-Flagler. He opened with a tour de force of Bloomberg statistics.  After sufficiently demonstrating the superiority of the business model, he zoomed out to share thoughts on management. My favorites: It’s all about relationships. Never underestimate the power of investing in [...]

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Display Advertising and the Quest for Click-Thrus

August 6, 2012

Check out my new post on Three Ships Media’s blog on display advertising and the quest for click-thrus.

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