15Apr 2021 by Steve Musica No Comments
The Entrepreneurial Myth (E-Myth)

The Entrepreneurial Myth (E-Myth)

Summary
  The Entrepreneurial Myth (E-Myth) has had a profound cost in America – in lost resources, lost opportunities, and wasted lives. Most small business owners are not venture capital funded tech companies, despite what we hear about on the news. The majority of businesses get started because employees who are strong at their craft technically become frustrated and feel unappreciated by their employers. These carpenters, mechanics, programmers, cooks, barbers, doctors, plumbers, graphic designs, engineers, etc. get the “entrepreneurial itch” to ditch their worthless boss and call their own shots. Most of these new businesses fail within the first few years due to a misconception about entrepreneurship. The fatal assumption is: "if you understand the technical work of a business, you understand a business that does that technical work."   Why…
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13Jan 2021 by Steve Musica No Comments
Great by Choice

Great by Choice

Summary
Authors Jim Collins (Good to Great and Built to Last) and Morten Hansen compare another set of companies to learn what differentiates the great. This time the research focuses on the question: “Why do some companies thrive in uncertainty, even chaos, and some do not?” The nine-year research project forms the basis of their 2011 book, Great by Choice: Uncertainty, Chaos, and Luck--Why Some Thrive Despite Them All. This post summarizes four key choices made by leaders of the best companies (defined as companies that beat their industry indexes by at least 10X over 15 years) that challenge conventional wisdom. You may be surprised to learn that the “10X” companies: Were not more risky, visionary, or creative than their counterparts Focused more on scaling innovation than innovation by itself Changed…
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07Dec 2020 by Steve Musica No Comments
Setting Objectives: Measure What Matters

Setting Objectives: Measure What Matters

Lesson
Learn how to write SMART goals and the Objectives and Key Results (OKR) method of setting objectives from the book Measure What Matters. As we approach the end of the year, it is a great time to review best practices for setting new objectives.   This post will cover: how to write SMART goals, the Objectives and Key Results (OKR) method of management, tips from the book Measure What Matters, how OKRs and KPIs are related, and setting objectives for personal kaizen. We also have a special BONUS OFFER at the end of the post. Connect with us to learn Google's 5 OKR traps to avoid.   SMART Goals We always recommend individuals and organizations set SMART goals. SMART is an acronym that stands for: S = Spe­cif­ic. Be precise in the…
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18Aug 2020 by Steve Musica No Comments
Green and Clean: Servant Leadership

Green and Clean: Servant Leadership

Lesson
This past month has been a busy one for Lean East with several new clients. As I reflect on lessons from the past month to blog about, one theme has come up several times in my discussions with top executives. The discussion goes something like this:   Executive: “I don’t think this employee is going to work out.” Me: “What is the issue?” Executive: “I’m hearing complaints from the team about this employee. He/she isn’t keeping up with the work. When I look into their projects they are often falling behind.” Me: “What is the employee's expectation and how is it measured?” Executive: “They know they have to keep up and be responsive. When I sent the employee an email to ask about a recent issue they didn’t even email…
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18May 2020 by Steve Musica No Comments
Ten Lessons from Built to Last

Ten Lessons from Built to Last

Summary
Authors Jim Collins (author of the best-sellers Good to Great and Great by Choice) and Jerry Porras compared 18 sets of long-running and successful companies to learn what differentiated the visionary company from the comparison company. Their research identified key traits and habits prevalent in the more successful companies and formed the basis of their book, Built to Last: Successful Habits of Visionary Companies. This post summarizes ten lessons of visionary companies from the book and, as a bonus, offers six suggestions for leaders to better align an organization.   You don’t need a great idea to start a great company. Few of the visionary companies in the book began with even any specific idea. Visionary companies often get off to a slow start, but set BHAGs (below) and continue…
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17Mar 2020 by Steve Musica No Comments
The Infinite Game

The Infinite Game

Summary
This month we summarize the 2019 book The Infinite Game by Simon Sinek. This is Sinek’s third book and follows the 2014 bestseller, Leaders Eat Last. There are two kinds of games. Finite games have known players and fixed rules. As I write this sentence, I am watching the finite game of football. The game has two known teams pitted against one another with referees enforcing the rules. One team will win the game by having scored more points as the time expires. Infinite games are played by known and unknown players. There are no agreed-upon rules, and no finish line or clock signaling the end of the contest. There is, therefore, no way to “win” an infinite game; the best you can do is keep playing. Sinek notes that…
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25Dec 2019 by Steve Musica No Comments
Develop Scientific Thinking with Lean Kata

Develop Scientific Thinking with Lean Kata

Lesson
This month we are happy to share a simple yet powerful tool that will benefit any organization. It is the Lean Kata approach for developing a culture of scientific thinking at all levels of any organization.     What does the word “kata” mean? Kata is the Japanese word for “form” and refers to a detailed, choreographed pattern of movements practiced alone or in groups. Anyone who has ever practiced the martial arts has performed katas in front of a sensei to advance and earn additional belts. The kata allows the trainee to memorize and perfect the movements being executed so they can easily make the movements later using muscle memory. The Lean Kata was developed by Toyota and has been well described in the Mike Rother book, Toyota Kata:…
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18Nov 2019 by Steve Musica No Comments
Traction/Entrepreneurial Operating System

Traction/Entrepreneurial Operating System

Summary
Several clients and trusted partners we work with have recently implemented some of the ideas discussed in the 2011 book, Traction: Get a Grip on Your Business by Gino Wickman. The book introduces an Entrepreneurial Operating System® (EOS) that small and medium-sized enterprises can use to simplify how they grow their business.   EOS® simplifies the many aspects of an organization into six core components as shown below. We will explain these six components and how they work together in a powerful system. EOS contains good tools for a small business if you don't already have a management system. None of the six components in EOS are novel, but the overall system uses the KISS method (Keep it Simple, Stupid) to help a business owner focus.     VISION A…
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27Oct 2019 by Steve Musica No Comments
Maximize the benefits of a huddle meeting

Maximize the benefits of a huddle meeting

Lesson
Workers often complain that meetings waste too much of their day. Work time spent in meetings has increased over the past 20 years, and a Harvard Business Review survey found over 70% of senior leaders believe meetings keep them from completing their work. We at Lean East believe that one meeting is more important than others for a team – the team huddle. Our team has worked with many organizations over the years and supported implementing and improving huddles. A well-run huddle is likely the single most effective meeting a leader will have with a team. We will answer eight common questions about huddles to help leaders and teams maximize the benefits.   What is the difference between a huddle and a scrum meeting? Let’s begin by clarifying the difference…
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28Jul 2019 by Steve Musica No Comments
Lean Innovation for Growth

Lean Innovation for Growth

Lesson
Our two previous posts introduced the Need for Lean Innovation and Lean Startup Thinking. In our conversations about Startup Thinking and Innovation, we want to clearly encourage that these innovation tools and strategies work for established companies equally as well as they do for start-ups. In fact, most of the companies Lean East supports are mature companies, not early-stage companies with a nascent product idea to test. In this post, we show that there are four primary types of innovation for existing companies, as presented by the Harvard Business Review article "You need an Innovation Strategy," Gary P. Pisano in 2015. The four types are described by whether they feature a business model innovation or technical competency innovation. Then we share three suggestions for existing companies who want to innovate.…
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