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Saturday, 15 May 2010

Sharpen your axe

SCIENCE OF BUILDING LEADERS
By ROSHAN THIRAN 


“Employ your time in improving yourself by other men's writings, so that you shall gain easily what others have laboured hard for.” - Socrates

A few years ago, while at Lawas in Sarawak, I was told this story of a very strong and skilled Kayan woodcutter who asked for a job with a timber merchant.


He got the job with a good salary and decent work conditions. And so, the woodcutter was determined to do his best for the boss. His boss gave him an axe and on his first day, the woodcutter cut down 15 trees. The boss was pleased and said: “Well done, good work!”


Highly motivated, the woodcutter tried harder the next day, but could only fell 13 trees. The third day, he tried even harder, but only 11 trees were chopped down.


Day after day, he tried harder but he cut down fewer trees. “I must be losing my strength,” the Kayan woodcutter thought. He apologised to the boss, claiming he could not understand why.


Great leaders like (from left) Steve Jobs, Mahatma Gandhi and Nelson Mandela have a continuous appetite for learning and growth.
 
“When was the last time you sharpened your axe?” the boss asked. “Sharpen? I had no time to sharpen my axe. I have been too busy cutting down trees,” said the woodcutter.

He sharpened his axe and immediately was back to 15 trees a day. Since then, he begins the day by sharpening his axe.

Most leaders are too busy doing and trying to achieve, that they never take time to learn and grow. Most of us don't have the time or patience to update skills, knowledge, and beliefs about an industry, or to take time to think and reflect. Many assume that learning ends at school and so sharpening our axe is not a priority.

So, what exactly is sharpening the axe? Dr Steven Covey, who popularised the term, believes it means “increasing your personal production capacity by daily self care and self-maintenance.”


Most people fail to understand what it means and mistake it for taking a break or vacation. If you're overworking yourself and your productivity drops off, take a break.

However, that isn't sharpening the axe; that's putting the axe down. When you put down a dull blade and rest, the blade will still be dull when you pick it up.


The woodcutter does need downtime to rest, but it is not “sharpening the axe.” The woodcutter only becomes more productive by sharpening his blade, analysing new woodcutting techniques, exercising to become stronger, and learning from other woodcutters.


Sharpening the axe is an activity. You too can sharpen the axe of your life. Here are 10 ways:

● Read a book every day;
● Get out of your comfort zone by changing jobs. A new job forces you to learn;

● Have a deep conversation with someone you find interesting. Sharpen your axe through that interaction;

● Pick up a new hobby. Stretch yourself physically, mentally or emotionally;
● Study something new;
● Overcome a specific fear you have or quit a bad habit;
● Have a daily exercise routine or take part in some competition;
● Identify your blind spots. Understand, acknowledge, and address it;
● Ask for feedback and get a mentor; and

● Learn from people who inspire you. Subscribe to YouTube/leaderonomicsmedia and watch interviews of great leaders.


You have to do it as often as possible. But if you're so focused on your task at hand with no time for discussion, introspection, or study, you're not really moving forward. Just as a car needs to be refuelled to keep going, we too need refuelling through learning.


The Management Mythbuster author David Axson believes most organisations still rely on outdated management strategies. Unless we are sharpening our axe daily by observing the changing world and changing ourselves accordingly, we risk becoming irrelevant.

Andrew Grove reinvented Intel and oversaw a 4,500 times increase in market capitalisation by his daily habitual “axe-sharpening” ritual of understanding global changes and taking advantage of these to ensure Intel remained relevant.

Employees at Japanese organisations like Toyota believe it's a crisis if they do not create improvement each day. The “Kaizen mindset” means that every day, whether you're a line worker or executive, you find ways to learn something new and apply it to what you're doing. This forces employees to be alert, mindful and constantly improving.

Great leaders like Mahatma Gandhi, Nelson Mandela and Steve Jobs have a continuous appetite for learning and growth. They always listen and watch in the hope of learning new ideas and discovering new truths and realities.

Many of us do just the opposite. By staying in the same job for many years, although we become experts and our roles become easy, our learning flattens.

We don't like changing jobs as there is pain and struggle in taking on new roles. But the more we struggle, the more we learn.

When a new boss with new expectations takes over, we sometimes find ourselves struggling even though we have been in the same role for years. We try harder but still fail to impress. Why does this happen?

Much like the woodcutter, trying harder will not yield results. This is because we did not upgrade ourselves nor grow in the “easy” years. Our years of experience count for nothing as we did not keep up with the world around us and were ignorant and mindless of things that were evolving daily around us.


Two weeks ago, I interviewed Harvard Prof Ellen Langer, who reminded me of our natural inclination to be mindless. Mindlessness is our human tendency to operate on autopilot, whether by stereotyping, performing mechanically or simply not paying attention.

We are all victims of being mindless at times. By sharpening our axe, we move from a mindless state to a mindful state; from “blindly going with the flow” to thinking and “breaking boundaries.”

Why then do so many people fail to sharpen their axe? Well, axe sharpening isn't as fun as whacking away at the tree. And it is painful and tedious work.

Religious leader David O. McKay once said: “The greatest battles of life are fought out daily in the silent chambers of the soul.”

Sharpening the axe is a daily inner battle. Research reveals that self-educated presidents like George Washington and Abraham Lincoln sharpened their axe daily by cultivating the discipline of reading.

In a number of Asian organisations, when there is a crisis or financial situation, the first thing that gets slashed is training programmes for employees. Yet, in a crisis, there is a greater need for employees to have sharpened axes to deal with issues.

Crises often helps companies to become great because they finally take time to sharpen their axe by re-looking at their current strategies and reinventing their industries, sometimes through painful reforms.

Before the 1998 Asian financial crisis, the Korean auto industry were jaguh kampung and known for low-quality cars with strong domestic car sales.

The crisis forced them to take a step back, sharpen their axe, become mindful to the world and move to sell the majority of their cars outside South Korea.

Of course, too much or aimless axe sharpening can become another form of procrastination. Many like to attend training courses and classes but end up never using the axe. After sharpening the axe, use it or all is in vain.


How are your various blades doing? Your skills, your knowledge, your mind, your physical body, your relationships, your motivation, your commitment to succeed, your capacity for growth, your emotions - are all of them still sharp? If not, which ones are dull, and what can you do to sharpen them?

Lincoln once said: “Give me six hours to chop down a tree and I'll spend the first four sharpening my axe.” What are you doing to sharpen your axe? Take a step back this weekend and start sharpening your axe.

Roshan Thiran is CEO of Leaderonomics, a social enterprise passionate about transforming the nation through leadership development. Sign your kids up for the leadership camps in June at www.diodecamp.com, or call 016 6559017. You can also listen to Leaderonomics leaders every Monday at 11am on BFM89.9 or download podcasts at www.leaderonomics.com.

MacBook update in the works?

Despite a lack of signs pointing to an Apple MacBook Air refresh, there are some indications of an impending update to the more pedestrian MacBook.

The same Vietnamese Web site that purportedly did a teardown of an iPhone 4G now seemingly has a new MacBook in its hands, according to a video posted on YouTube (below). Specifications for the MacBook that appear in the video include an Intel 2.4GHz Core 2 Duo processor (updated from the current 2.26GHz chip) and Nvidia GeForce 320M graphics (updated from the aging Nvidia 9400M graphics silicon).



Note that those are the same chip upgrades that the aluminum 13-inch MacBook Pro got when it was updated last month. The MacBook Pro is also offered with a slightly faster 2.66GHz Intel processor.
There is no indication about when or whether the updated MacBook might be available. But if the gent in the video is cracking open a sealed box--which appears to be the case--availability may not be too far off.
[Via Engadget.]

Brooke Crothers has been an editor at large at CNET News, an analyst at IDC Japan, and an editor at The Asian Wall Street Journal Weekly, among other endeavors, including co-manager of an after-school math-and-reading center. He writes for the CNET Blog Network and is not a current employee of CNET. Disclosure

New MacBook Details Revealed By Vietnamese Website



Nick SaintBio | Email
Nick Saint is a reporter for Business Insider. 

Vietnamese website Tinhte has turned up what appears to be the next MacBook from Apple.
The new laptop sports several hardware upgrades over currently available models, including a 2.4GHz Intel Core 2 Duo processor and an NVIDIA GeForce 320M GPU.
This story, first noticed by Engadget, is the second major Apple hardware scoop for Tinhte this week; this is the same website that uncovered the second iPhone 4G.
Apple has not confirmed the authenticity of the story, and no details about when the new MacBook will be released are available.
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Criminal probe targets six Wall Street firms




A view of the Morgan Stanley headquarters building in New York's  Times Square, February 3, 2010. REUTERS/Brendan McDermid

A view of the Morgan Stanley headquarters building in New York's Times Square, February 3, 2010.

WASHINGTON: US prosecutors are conducting a broad criminal investigation of six major Wall Street banks, including JPMorgan Chase & Co and Citigroup Inc, to determine if they misled investors, a person familiar with the matter said on Thursday.

The others are Deutsche Bank AG, UBS AG, Morgan Stanley and Goldman Sachs Group Inc, according to the source.

The investigation, being conducted with the Securities and Exchange Commission (SEC), comes as Wall Street and major banks around the world are attracting scrutiny from regulators who are looking at transactions that occurred in the run-up to the subprime mortgage meltdown and financial crisis.

The source said the investigation included mortgage-bond deals, that it was in an early stage, and that it might not necessarily lead to criminal charges against all of the firms.

The person spoke anonymously because the probe is ongoing.

Separately, New York authorities opened an investigation into whether eight banks, including Citigroup, Goldman Sachs and Morgan Stanley, misled rating agencies with regard to mortgage-derivative deals, a separate source said on Thursday.

New York attorney-general Andrew Cuomo's office served subpoenas on Wednesday to four US banks and four European lenders, the source said. Cuomo was also targeting Credit Agricole SA, Credit Suisse Groupe AG, Deutsche Bank, UBS and Merrill Lynch, now owned by Bank of America Corp, the second source said.

The companies that rated the mortgage deals were McGrawHill Cos Inc's Standard & Poor's, Fitch Ratings, majority-owned by Fimalac, and Moody's Investors Service, a unit of Moody's Corp.

The federal and state probes also come less than a month after the SEC charged Goldman Sachs with civil fraud in connection with its marketing of a subprime mortgage product.

A federal criminal investigation of Goldman was first disclosed on April 30, but it had not been previously known that other major Wall Street companies were under scrutiny as well. - Reuters

JPMorgan has not been contacted by the Department of Justice or any U.S. attorney's office on these matters and is unaware of any criminal investigation, a spokeswoman said. A spokesman for JPMorgan declined to comment on the SEC investigation.

With regard to the Cuomo investigation, Citigroup spokesman Alex Samuelson said: "We are cooperating with the AG's office."

On the criminal probe, Samuelson declined to comment and referred to the company's most recent quarterly filing with regulators, which says the bank is cooperating with subpoenas and requests for information from the SEC and other government agencies regarding subprime and other matters.

Credit Suisse spokeswoman Victoria Harmon said: "It is our practice to cooperate fully with regulatory authorities."

Morgan Stanley Chief Executive James Gorman said he had no knowledge of any such investigation, the Wall Street Journal reported on Wednesday.

A Credit Agricole official said it had received the Cuomo subpoena and was cooperating, but wouldn't comment on the ongoing matter. Spokesmen for UBS and Deutsche Bank declined to comment.

The other banks did not immediately return messages seeking comment. The Justice Department and the SEC declined comment.

(Reporting by James Vicini, Steve Eder, JoAnne Allen and Steve Slater; additional reporting by Danielle Rouquie in Paris; Editing by John Wallace, Steve Orlofsky, Gary Hill)

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