Business Case Studies, Executive Interviews, Bill Fischer on Building High Performance Teams

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Executive Interviews: Interview with Bill Fischer on Building High Performance Teams
May 2009 - By Dr. Nagendra V Chowdary


Bill Fischer
Professor of Technology, IMD


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    We see Virtuoso Teams (VTs)as having the following unique characteristics:

  1. VTs start with the best people, and a mandate to change the world
    VTs are marked by assembling the best people obtainable, rather than those merely available. They are centered on great talent, position by position, and then are given a license to really pursue great change. They are explicitly not modest!
  2. Creating mobility for talent
    In order to attain the best people obtainable, it’s necessary for an organization to have sufficient talent visibility so that talent is not merely a local asset, but a global asset. This is frequently not the case.
  3. Highlighting the “I’s” within the “We’s”
    VTs hire people because of their individual virtuoso talent, and then let them be as good as they can possibly be, rather than “averaging” them down to some mean team.
  4. Telling what not to do, rather than what to do
    if you go to the trouble of attracting great people, the likelihood is that they knowmore about their particular field of expertise than you do, so the leadership lesson is giving them sufficient goal-precision, without infringing on their ability to fully utilize their expertise.
  5. Double-stretching
    stretch the customer first. We live in an era of “stretch goals,” but what surprised us was that VTs stretch their customer first, by virtue of their “ennobling” assumptions regarding the sophistication of their customers and their ability to appreciate and willingness to pay for more complex offerings. This is quite different than the rather arbitrary stretch goals [e.g.,“we’re going to double our inventory turns this year!”… does this really matter to anyone?] that we typically see.
  6. Strong central [engaged] leaders
    Leadership in a Virtuoso Team is a “contact sport.” This is about strong, central, and engaged leaders, who are in the middle of everything, and as a result are able to “play” their teamas if it were a fine musical instrument.
  7. Direct Dialog: Polite teams yield polite results
    Remember, the underlying advice for employing VTs is that “when big change is the goal, hire for skills and figure out how to deal with the attitudes.” When big change is the objective, we need more opinions rather than fewer, and this inevitably requires open, honest, fast, and constructive conversations, where feedback is efficient and effective. Such attributes are not characteristic of “polite” organizations. Warren Bennis once wrote that “great leaders don’t waste your time;” we would argue that VTs don’t waste your time with false politeness, which slows you down and misleads you. The highest professional compliment that you can give to a colleague is to tell her or him the truth, in a way that inspires them to actually achieve more. Recognize, please, that this does not mean rude or diminishing commentary, but rather that VTs have the capacity for constructive challenge.
  8. Prototyping
    We have become big believers in the power of prototyping as a way of learning. Trying things, and then learning by failing, is a fast and powerful way to advance. If the prototypes are simple in their fashioning – representative rather than precise – we can fail without fear, as our investment in the prototype, or the idea, is small, and the time lost as a result of failure, minimal.
  9. Listening: the key leadership activity
    if you are fortunate enough to surround yourself with great talent, then the best advice we can give you is to “listen.” Don’t tell talented individuals what to do; listen to what’s going on, and then try to orchestrate situations that get more out of their talent, rather than less.
  10. Virtuoso teams as a “crucible” for leadership succession
    A surprise outcome for us was the realization that the members of the VTs that we observed, ultimately “graduated” to becoming the leaders of their industries in the next generation of product offerings! The message was this: hire great young talent, put them into a situation which has significant opportunity to fully exploit that talent; a situation that matters to the key stakeholders; and that has a high degree of personal risk, and then see what happens. We believe that those who succeed in such circumstances have a high potential for future leadership. This, then, becomes a “crucible” for forging the next generation of leaders.

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