Answering your calling

It has been an interesting, or should I say serendipitous week, that I came across a couple of very good articles about career choices even as I have been working for a while (years!) on my own calling.

First was this really good post in HBR blog: Make Your Job More Meaningful

It talks about the differences among the three –  job, career and calling. Job is something you do for a fixed period of time in a day and charge for it – e.g. waiting at a table in a restaurant.  Most jobs are in-between things you do before you figure out what you REALLY want to do next.

Career is working from one job to another job, up the ladder (if you are lucky), mostly in the same company and/or industry. Some mistake a job for a career at places where the outcome even after many years turns out to be just a job, despite a lot of energy and time spent there with no real path to what was promised initially.

Calling is when you know your purpose is beyond sucking up to your boss or doing the same thing over and over with no good result. Calling is about building something, creating meaning for yourself and others. Calling has very little to do with money, position or power. It is about making real change in whatever you are after. It’s about delighting yourself and others around you.

The second blog post I read was on Victor Cheng’s website: The Decisive Advantage in Career Choices. I know Victor, have used his training material and followed his posts for a long time. He is an incredible teacher and a great guy. Victor minces no words when he says these two things – 1) NEVER compete in a competition where you don’t have a major advantage over the competition. 2) Get OUT of any market that you’re ALREADY in, where you have no decisive advantage.

In other words, drop your ‘me too’ strategy and figure out what your real strengths are compete on that basis. And also know not to compete in places where your strengths won’t work. The latter is very important, more important than the former.

For example, if you are an innovation driven product guy (or gal), don’t go and look for a position where product (or service) innovation is secondary to the firm. That’s just a plain misfit. Even if you have a lot to offer, you are simply not going to make sense to the people around you or the firm.

But if you want to just keep a machine running, e.g. flipping burgers (a job) that’s a different story. There’s always going to be people wanting to eat at undifferentiated burger chains. These burger chains solve the simple known problem = feeding hunger at $1.99/burger (let’s leave the question of health out of the picture for now). There’s nothing wrong with these places. They serve a real need in the market – low priced meat+bun packaged and sold in convenient drive-throughs/accessible locations (e.g off highway service roads).

Working at these burger chains for some can be mind numbing. If your mind comes up with ideas like these: what about coming up with better customer service, better ingredients, better menu and so on, you have lost the race for the job. These burger chains are innovation killers for those holding line jobs. They focus on one thing really well – their model – flipping burgers fast to feed the hungry at $1.99/burger (or even less if they give you a deal).

And here’s a twist: Just as the candidate (because flipping burgers is a job) is aware that this is going to be a job so should the burger chain owners know that they are not looking for real innovative talent or demanding loyalty to fill their vacancies. Once that understanding is reached, both sides can happily go about flipping the burgers. It is the lack of understanding there that results in most firms and employees confusing themselves on what they want from each other.

Clear that understanding and we will all have more meaningful work.

 

Why conferences matter?

I read this superbly balanced post in the New Yorker, “What happens at Davos?” a couple of days ago and I’ve been thinking about conferences since then.  I myself am looking forward to Austin’s own SXSW Interactive this upcoming week with excitement (I had a blast last year).

Back to the New Yorker post – a fantastic story around Davos with characters from all walks of life.  A Nobel winning astrophysicist, a software executive at TIBCO in the bay area and a hedge fund manager who was a lawyer for Vaclav Havel at some point in the past, are some of the interesting characters he has described in his post.  The hedge fund manager describes three interesting reasons why he attends Davos, one of which is  to learn about things unrelated to his work.

Switch that scenario to your boring Austin corporation.  This morning I met a design guy from a large company here in Austin and he is spending his own time and money to attend SXSWi because his employer won’t care.  If you wonder why managers at companies treat their employees like children on curfew, this is a good example.

Ask how many Austin based technology companies are encouraging their employees, heck sponsoring a pass for their employees to go and attend SXSWi.  You’ll be surprised by the answer.  While out of towners are canceling their trips because they can’t afford sky high room rates (last I saw on a tweet it was $750/night at Motel 6!), you have lots of large local companies in Austin completely oblivious to tapping the energy, excitement and serendipitous learning from a conference in their backyard.  In exchange for SXSWi passes, lots of poor Austin tech workers are getting calendar invites for  ”All Hands Meeting with your Boss”.  Really?

But this scenario is not something to look at in isolation.  It is time to rethink conferences as part of a core personal development curriculum.

 

Future of work – some “what if” ideas

What if:

  • we had boss-less organizations (see Tory Gattis’ post in MIX for a case study.  Hat tip: Jim Stikeleather)
  • we could vote for who we want to work with (open source projects already work this way)
  • we worked in our own comfortable spaces  (meaning no cubicle nation or new group think)
  • we worked on our own schedules

We would have less and less organized labor as it looks right now and more and more “free agents”, creative thinkers, independent businesses and entrepreneurs.  The future of work is less organization and more freedom.  Just as it is in polity and public life.

One of my favorite books is Free Agent Nation by Dan Pink.  This book was written over 10 years ago, but I realize now how far sighted Dan Pink was even then.

 

Valuation, investment banking and career choice

The Missed Red Flags on Groupon: This post in the Times raises a lot of questions (hat tip: @arustgi).

  1. A company is valued at $30B.  Goldman Sachs CEO flies in to pitch for lead underwriter position for its IPO.
  2. Lots of details behind the company and its CEO unravel.  Company is now valued at $10B.  That’s a $20B difference we are talking about.
  3. Investment bankers at the underwriting firms will probably walk away with millions when the IPO happens.

The cynical reason that the banks stood by Groupon and its accounting shenanigans is most likely the expected fees from the offering. Even if Groupon’s I.P.O. values the company at $10 billion instead of $30 billion, the banks will probably walk away with hundreds of millions of dollars.

“There’s a ton of money to be had,” Mr. Turner said. “That’s what’s driving this.”

What job skills do market participants value most?  Rocket science? Fundamental science? STEM fields? or “accounting shenanigans”?

Or it is a case of cognitive biases that human beings carry, and by extension, investment bankers (also being humans) at leading firms carry.

You decide.  Heads I win, tails you lose.