Tuesday, October 9, 2007

A Spanner in the Wheel

I have been preparing for a marathon run for a long long time. Over a year actually. Every thing that could go wrong went wrong. Busted knee. Job change. Timings going wrong etc. etc. Anyway, my half-marathon is on 10/14/07 and I have been ramping-up perfectly well till last night. I have had a bad bad bout of allergies which has got me worried if I can recover in time for the race.

Okay. All of this is good. How does this fit into my blog of business talks?

You plan for a big huge transformation project with teams working over a year across continents. You have checked and cross-checked everything before you begin your home-stretch and then "it" shows its ugly-head. Something out of the blue. Like my allergies. Something totally unplanned for which might derail you. What do you do? How do you recover with less than 96 hours before prime-time?

Is there a clear answer? A magic bullet that will make all your troubles disappear? Never ever. If someone promises you a magic bullet, well then you are in fantasy land.

This is what I think really needs to happen to manage situations that hit you out of the blue just before D-Day: Evaluate, Review, Evaluate, Execute. I see that happening all the time, executives get nervous and start having status meetings multiple times a day to review the situation. I agree you need to do this if you are fighting a war but in the business world, as Jack Welch puts it, go by your gut. Evaluate your various options including aborting the project. There is no harm in reviewing this as an option. Once you have reviewed the impacts of each option, evaluate one more time the final chosen option(s) and execute. I cannot stress any more on why you need to execute perfectly. There is no room for error.

During all these activities never ever lose control. Be calm and be in control.

Anyway, the next time around, you suddenly find a spanner in the wheel, are you going to panic or going to attack the problem or going to live with the problem? Think about it.