Build #41 - FOMO, decision-making and failing on culture
Simon Wakeman
Fractional & consultant COO | Advisor | Coach | Creator of B3 framework? for company building | Classic 90s and nu-disco DJ
FOMO, decision-making and failing on culture
Hello once again,
It’s Wednesday and that means it’s time for this week’s short format Build. Here are three things I spotted recently for founders in scaling businesses to think about:
Often when debating decisions extroverts tend to dominate the discussions, while people with differing opinions sometimes feel silenced. This article explains how Zola uses a structured voting and debate process to make big decisions. Their approach adds genuine diversity of thinking to their decision-making while building team unity.
My take: I talk a lot about decision-making in my work. In fact this post was one of the most read from Build in 2023. But often it’s hard to know what this looks like in real life, so this article is helpful to show a real decision-making process in action.
Business orthodoxy suggests that devising strategy, planning, executing, measuring and correcting happens in neat cycles (who’s doing annual planning now?). But in reality life moves on faster than those cycles can happen. Geoff Marlow argues the only solution is embedding a culture of ongoing change, tightly coupling sense-making, decision-making and action.
My take: I love Geoff’s writing and thinking. In this piece he neatly nails four ways that businesses attempt to but fail in shaping their futures: “they all fail to focus precisely enough and deeply enough on ensuring that the actual key influencers in the organisation”. Keep that top of mind when thinking about change.
领英推荐
3. FOMO at work
Fear of missing out (FOMO) happens when people miss events involving people they value. It comes from perceiving missed opportunities for bonding and concerns about how this could damage future relationships. People get more FOMO when they miss events that could have led to stronger bonding, even if the event itself seems unenjoyable - for example a funeral - suggesting that FOMO stems from anxiety about potential social costs rather than just missing a fun time.
My take: This caught my eye as I was doing some work on a governance structure for a client. It got me thinking about why people wanted to be part of the various forums that we are developing. Sometimes it’s not for the obvious or articulated reasons. That meant a need to think about how to create other opportunities for the bonding that people outside the forums felt they were missing out on.
Looking ahead I’ve got a couple of ideas brewing for next week’s Build.
I’m interested in exploring the role of curiosity at work. And I’ve also got a load of observations about the disaggregation of work and what it means for organisational design in scaling businesses.
Which one should I cover next week? Drop me a line and let me know.
Until next time.
best regards,
-sw
Founder and Director of Clean Slate Training & Employment CIC
1 个月As a leader, I always worry that too much decision-making is coming my way. I always say we're not very hierarchical but this suggests otherwise. There's a touch of 'founder syndrome' here as it's hard for people to make their own mistakes with 'my baby'. I need to be more self-disciplined and find ways to set parameters, or we'll never grow.
Delivering growth to Engineering, Manufacturing & Technology | BIMA 100 23 & 24 | Managing Director | Platinum HubSpot Partner
1 个月Interesting thinking on the Zola methodology, I do think extrovert leaders have to be aware of the others in a room, and consider all of the information.
Author of "CFO to Fractional CFO: The Only Guide You'll Need To Launch Your Business & Leave Corporate" / Social Media Manager (LinkedIn)
1 个月Love how this dives into the human side of business—decision-making, culture, and even FOMO all point back to connection and inclusivity. Next week's vote: Implications of disaggregated work for organizational design.