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February 23, 2005

How important is talent?

Filed under: Start-ups — Wayne McVicker @ 3:41 pm
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This is a deceptively simple question. I have always been drawn to talented people. And I have had the luxury of meeting and working with many stunningly talented people. But this is where I must add a critical caveat the talent I am most enamored by is characterized by creativity the ability to see things differently.

This type of talent is needed in every company. However, it is only one kind of talent. For example, the ability to read people is critical to HR, management and sales people. But many very creative people are oblivious to the emotional state of others. And the ability to focus to receive an assignment, understand the limits of its scope and to fulfill its requirements is not necessarily tied to creativity, academic intelligence or management skills. But people with this ability to focus and fulfill make up the backbone of every successful company.

So talent isnt particularly important. Obtaining the right balance of talented people is.

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Why did you got public with Neoforma?

Filed under: Start-ups — Wayne McVicker @ 2:48 pm
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Once we brought on a tier one venture firm in mid-1998, it was not a question of whether we would pursue becoming a public company, but when. There was no decision.

The IPOs of Netscape and others had proven that the public was willing to bet on earlier companies than previously. And gambling is what the public stock market is all about. Anyone who pretends otherwise is doing just that pretending. Based on the economic reality of the time, the first company in each market sector to go public would reap the majority of the available mindshare.

We had run up against the frustrating inertia inherent in healthcare and knew that huge resources could help accelerate fundamental and much needed change. When the economic mood shifted from optimism to pessimism, a different, more patient approach is required. That is what we are doing at Attainia now.

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Why write the book?

Filed under: Start-ups — Wayne McVicker @ 2:39 pm
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When starting Neoforma, I was terribly excited by the idea of bringing together a group of talented people to tackle some important challenges. Everything seemed possible and I assumed that being a part of something special would be enough to hold everyone together. And that was true for awhile. Once the company became too large for everyone to communicate with everyone (15-20 people), interesting stuff started to happen. And much of that stuff was not fun.

None of the books I had read prepared me for the complexity of the task of building a strong corporate culture. While my partner and I were more experienced than most of the stereotypical entrepreneurs of the time, and we did many things very well, I made more mistakes than I should have. While our experience was more extreme than most, the issues we faced are universal to startups.

At the time Neoforma was soaring into the spotlight, I was struck by the contrast between our public persona and our private chaos. And I knew through other entrepreneurs I had met that ours was not a unique situation. I decided at that time that I wanted to write the book that I wish I had read before starting the company. So I began saving everything I could get my hands on. After leaving Neoforma, it took me more than a year to sift through the information, establish a timeline and determine what was important and what was irrelevant. Then I had to figure out how to write a book.

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Hi.

Filed under: Start-ups — Wayne McVicker @ 2:19 pm
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Hi Todd, I wanted to begin by thanking you and Jack at 800-CEO-READ for putting this Business Blog Tour together. When I released Starting Something a few months ago, I knew that a traditional book tour would not be an efficient means to get the word out. With the exception of a few celebrities, business book authors dont tend to draw crowds. I was thrilled to hear about your creation of the Business Blog Tour, because well because it makes so much sense.

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Book Tour Stop at 8cr

Filed under: Start-ups — Todd Sattersten @ 12:58 pm
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We are getting started a little late today. Wayne McVicker will be by in just a little bit talking about his book Starting Something. This is a part of the Business Blog Book Tour running this week.

I am going to get out of the way and let Wayne have the stage.

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February 22, 2005

Interview with Rush Kidder

Filed under: Audio — Todd Sattersten @ 6:01 pm
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This is our first of many author interviews at 800-CEO-READ Audio.

This is piece we interview Rush Kidder and we talk about his new book Moral Courage, Enron, and Ashlee Simpson.

mp3, 35:15min, 16.1MB

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The 8th Habit Buzz

Filed under: Personal Development — Todd Sattersten @ 1:58 pm
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I realized the other day that we haven’t talked much about Stephen Covey’s latest work. I had a post the week the book launched, but we haven’t done much since.

I opened my ears and let Technorati go to work. Here is what bloggers have been saying about The 8th Habit:

That Dwayne – Finding Your Voice

“This book is all about anchoring your actions and decisions to your values and passion, and about providing encouragement and opportunity to others to give them a chance to make Meaningful contributions. Easier than it sounds, of course, but a very inspiring concept.”

aaron21 – The 8th Habit

“The problem that Covey identifies in the first part of the book is that we are working in an Information Age, where the ideas that people contribute to organizations are the true assets in this new global economy. However, most organizations still operate in an Industrial Age mindset. In doing so, Knowledge Workers are often micro-managed, “carrot-and-sticked” and dehumanized. Leaders aren’t often in the actual position of leadership, and managers with operational control don’t always lead the people they’re responsible for. So how do organizations survive and thrive in a marketplace that values, no less demands innovative ideas? They need to model and grow the values that invite collaboration.”

Reba’s Blog – The 8th Habit

” Went roaming thru Stephen Covey’s new book, The Eighth Habit, at B&N today. It’s not on my purchase list, but I may venture into it in more depth, using the cool new hold’em for pick up option at the SAPL site.

What I did see in the, well – I hate to use the word “tome” here, but it was somewhat weighty. Okay, maybe just heavy. I digress. What I did see that I want to learn more about was an obvious focus upon the absence of trust within our current business culture, as well as a pervasive “what’s in it for me” -itis. This, coupled with a lack of what Covey calls “spiritual intelligence.” Wow. You think????…”

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Changing Minds by Howard Gardner

Filed under: Personal Development — Rob May @ 8:53 am
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I picked up Howard Gardners book Changing Minds with the hope that it contained some sure fire tricks for getting people to come around and see things my way. Unfortunately, there are no such tricks, but there are some helpful ideas.

Howard Gardner begins the book by talking about theories of mind, how we acquire ideas, and how our minds change. He then transitions into chapters that present the levers of change, which are: reason, research, resonance, redescriptions, resources and rewards, real world events, and resistances. The rest of the book talks about these levers of change, how they work, when they work, and gives examples of them in action.

The book contained some very interesting information, with the following passage being one of the most striking:

Studies of moral development, for example, show that individuals at X stage of sophistication are likely to be persuaded by arguments that are couched at X+1 level of complexity. Thus, youngsters at the might = right level find convincing an argument that states that a person who is smart or moral might be more worthy of resources than a person with bigger muscles. If the complexity is greater, say +2 or +3 stages, then the youngsters cannot assimilate the argument and simply ignore it (arguments in terms of complex concepts like distributive justice or the categorical imperative fall on the deaf ears of ten-year-olds).

The passage made me wonder how much the quality of political debate in this country might improve if the educational system improved. It is also relevant to business in that when introducing a new product or service, you have to keep your explanation at a level that people can understand, or else they will just ignore your message.

Gardner ends the book by discussing changing ones own mind, and offers a summary of what we have learned. The trick in psychosurgery (i.e. mindchanging) is to accept the changes that will happen anyway, acknowledge that certain other changes may be impossible, and concentrate ones efforts on those changes of mind that are important, wont occur naturally, but can be achieved with sufficient effort and motivation. In other words, pick your battles wisely.

This book is pretty good overall, but is slow and technical in some places. This book would be most interesting to people who dont know much about psychology, or dont change their minds very often. The rest of you may find it too dry to finish.

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February 21, 2005

Rush Kidder Interview Posted

Filed under: Uncategorized — Todd Sattersten @ 6:11 pm
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It was a busy day for us at 8cr. I finally got the Rush Kidder interview posted. I am no Charlie Rose, but I think Rush makes some outstanding points.

Rush has authored eight books including:

  • Moral Courage (the subject of the interview)
  • How Good People Make Tough Choices
  • Shared Values in a Trouble World
  • Heartland Ethics
  • Global Ethics
  • E.E. Cummings: An introduction to the Poetry
  • Dylan Thomas: The Country of the Spirit
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This Week – 2/21/05

Filed under: Misc. — Todd Sattersten @ 2:43 pm
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Another Monday and more snow to report. We got three to six inches here yesterday and have a good ground cover again.

Lots going on this week.

The 7th Business Blog Book Tour starts today. We are featuring Starting Something by Wayne McVicker. Rob at Businesspundit has already gotten things going this morning. Wayne will be here Wednesday talking about the book.

I will be posting the first of our audio interviews on 800-CEO-READ podcasts. I will let you know when that is ready.

We are going to continue the discussion on design books. I got feedback from a few of my designer friends. I also came across a couple of other things that I think apply well to the non-designer.

As always, we’ll bring you whatever news and links we find.

Have a great week!

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