To Scale Up Your Business, Keep the Feedback Loops Wide Open.
by Beth Comstock
Reid Hoffman’s podcast, Masters of Scale, takes a deep dive into one of the great overlooked questions that every change maker has to answer: “What’s your plan for success?”
If your startup has just kicked into high gear, or if your company has decided it’s time to implement your big idea, you need to know what all of Reid’s guests have learned: that solving the engineering problem at the heart of your business isn’t enough. You also also need to solve the very human problem of harnessing the contributions of the wider circle of people you'll need to succeed.
No matter your industry or business model, success is sure to mean one thing: working with more people than you have now. Without a plan for that, you’re in for a rough road ahead.
In the case of Sheryl Sandberg, who was Reid’s most recent guest, scaling up meant growing Google's engineering department from twelve people to four thousand.
She had to make decisions at the up-front and on the fly that would have huge ramifications for the shape of the business, far beyond anybody’s ability to predict. When you’re building a business for a market that doesn’t exist yet, there’s just no way to know who you’ll need or how you should operate in the future.
In the episode Sheryl told two stories that struck me.
When she decided to stop interviewing every new engineering hire personally, Sheryl said her decision was greeted with applause from her team. Her ego was momentarily bruised, but she realized needing to giver her input had actually become a bottleneck, and she was happy to step aside.
In another instance, she found that an off-handed remark she’d made about not allowing PowerPoint in her own meetings had resulted in PowerPoint being banned from the company entirely. In both cases, her response was spot on. “It’s on me,” she said, for not creating a workplace where people felt safe enough to ask questions or challenge what they felt was a bad decision.
I feel the same way, which is why I am so big on the idea of feedback. In an organism, feedback is what allows the nervous system’s response to a changing environment. In an organization, it’s what allows for adaptation in response to change. For a team, it creates trust and speeds action. My favorite question with my teams: Tell me one thing I don't want to hear. And usually I don't, but I must.
While healthy nerve cells don’t hesitate to send signals back to the brain, people can hesitate to relay crucial information to the leaders of their companies.
And that’s where it’s on leaders to make it safe for feedback, always.
Be sure to check out Reid’s podcast for more amazing stories like Sheryl’s.
Top 5% Global Fortune1000 CEO, CMO, CTO, COO, SVP | Top 100 World-Wide for Innovative Solutions | AI | E-Commerce | Brand Champion | Quality Improvement | Musician | Athlete | Mother
7 年Agreed. It is no longer enough to just have 360 feedback loops at work with the people who most frequently see you. If you are a CMO, you benefit from feedback from your largest customers and this feedback needs to include the communication channels with the highest value. Sometimes this will be the traditional channels of email and online surveys. More frequently though, it will include a combined communication portfolio. For example, CEO of a billion dollar innovation co. posts research on Facebook. I send the research to a customer in email (not yet connected on Facebook) with insights on how to improve ROI of research.
President at LG Engineering, LLC
7 年Now that the loser of Steve Bolze is out the next is Vic Abad and all the good for nothing that brought this company to the floor. What is Comstock doing in Germany? The company needs to redefine the corporate structure or will die. Why they bought old technology like Baker Hughes, Dresser, Texaco? Why are these incompetent still there? Is the new CEO an engineer? Or another Wharton College graduate? We don't need a MBA we need people who really know the technologies we deal with.!
Profesora y Escritora. "Me apasionan ambas profesiones"
7 年The essence of any business is people and it does not matter if you offer a service or a product to customers in general, think of them in very important, for them we work but think that it is the employees of the companies that make satisfaction possible Of those clients is what, in my opinion, really turns a business into a successful company.
Ideation + Solutions + Impacts
7 年Tell me one thing I don't want to hear..... I love this concept. Leaders who embrace it show they value feedback from all levels if their organization, they want to know the big picture both good and bad, are willing to change, and have the fortitude to take on challenges that will make their organizations better.