Mukesh Gupta's Blog, page 4

First Principles Based Leadership: The Hidden Risks of Data-Driven Decisions

In the past few years, we have seen a huge proliferation of data. With this amount of data being available, the expectation of data driven decision making has peaked as well. However, in my experience, just using data to make decisions is a trap and can lead to some bad decisions. Availability bias The first trap is to think that he data that we have is all the data there is. Most of the times, the data we have is the one’s that is easy to collect, store and make sense of. It is not necessarily ...

Why Deming’s Management Philosophy is More Relevant Today

Premise Edwards Deming has been one of the most influential figures when it comes to management thinking. He is known as the father of the quality movement and was hugely influential in post-WWII Japan, credited with revolutionising Japan’s industry and making it one of the most dominant economies in the world. There is a lot that has been written about him, his management philosophy and the impact he had while he was still operating. However, there is nothing better than hearing from the man hi...

Mistakes to AVOID in Large Scale Transformation

In today’s rapidly changing world, organisations are constantly looking for ways to transform themselves to remain competitive. Large-scale transformation can be a daunting task, but it is essential for success in the long run. In this video, I discusses four common myths and six common mistakes that people make when leading transformation. I also share advice on how to avoid these mistakes and successfully lead transformations. You can watch the full video here. Myths about Transformation Myth ...

Stop Trying to be Cool

We spend a lot of energy in trying to be cool.. A cool manager, a cool dude, a cool dad or mom or boss. James McCrae has hit a nerve in me with this quote. Instead of trying to be cool (which we maybe or may not), we are better off being nerdy about the things that we love. We are better of being obsessed about the things that we find are interesting and passionate about. This shows our enthusiasm about the thing we love. This shows our true self. We turn up as authentic. And he is absolutely ri...

How to Lead Teams to Drive Innovation, Efficiency, Growth or Transformation

Premise I watched this short video in which HBS professor Linda Hill shares her experience from engaging a Life Sciences company and how they went about building teams and leading for innovation. You can watch the full video here. I have written many times about this topic (here, here, here, here, here, here and on innovation here). As leaders, we need to adapt and change depending on what we are trying to achieve and what our objectives are. Leading for Innovation If we want to drive innovation...

Three Skills We Need to Continue to Improve for Life

Premise There are three things that we need to continue to work and improve as leaders, in order to continue to be an effective leader. These are fundamental in our evolution as a leader and true irrespective of where in the leadership ladder you are at. Believe What we believe have a significant impact on how and what we think is possible. The belief systems are usually sub-conscious in nature and most leaders are not aware of their own beliefs and how they affect our thinking and actions. As l...

First Principles Based Leadership Requires First Order Learning

Premise I read this post by John Hunter, which was originally published in 2014 but is still very relevant. In this blog, he shares one key insight from the work of Deming – managing (or leading) can’t be taught (prescriptive) and needs to be learnt (experiential). First Order Learning Vs Second Order Learning One needs to learn to lead by leading and to manage by managing. We can learn from our own experience (first order learning) or from the experience of those who have gone before us (second...

Lessons we Can Learn From Catching A Rocket in Mid-Air

On 13th October 2024, SpaceX team did something remarkable. They launched their starship rocket and then allowed its booster to drop into the Earth’s atmosphere and caught it with their giant mechanical arms at the launch pad. This is something that has never been done (or even attempted before). There are a few lessons to be learnt for all of us as leaders from this exercise. Lesson 1: Challenging Assumptions and Beliefs When Elon Musk started SpaceX and decided to develop a re-usable rockets, ...

First Principles Based Leadership – 4 Ways to Know Anything

Premise I was introduced to John Vervaeke and his work by the inimitable Matt Church who leads the Thought Leaders Business School and is based in Australia. John is an award-winning professor of psychology, cognitive science, and Buddhist psychology at the University of Toronto. He says that there are four different ways we can know things, which he calls the 4P’s of Knowing. These are about the manners in which and the mechanisms of knowing something rather than the content of the knowledge it...

How to find Opportunities to Unlock Significant Performance

Premise One of the things that every leader is expected to do is to find ways to drive significant value from their teams. Good leaders are always trying to look for opportunities that can unlock significant value creation. If you know me at all, you know that I am a big fan of the work done by Dr. Eliyahu Goldratt, the creator of the “Theory of Constraints“. He had this belief that the biggest constraint that any business faces is Management attention. If we rephrase this, the biggest constrain...