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The Most Effective Competitive Advantage

I’d like to think that most of you are people who pour their hearts into all that you do. If I could be so bold, I’d classify myself right there beside you. Its people like us who spend a majority of our day working to improve the world around us. My recent efforts have lead me to question just what part of my business would be the most effective competitive advantage.

My answer:  The ability for an organization to build and maintain trust.

It leads to effectiveness, it creates freedom for innovation, it enables relationships to flourish – it is the basis for building solid businesses.

Kotter and Cohen, authors of The Heart of Change, point to trust as a foundation for a team to see, feel and execute change.  Also, one of the Five Dysfunctions of a Team is the absence of trust. Even though many people see it as foundational, it seems as though trust slips away from us through the inevitabilities of business life:  layoffs, restructuring, lack of funding, poor investments, poor hires, there are too many to name.

At the Catalyst Conference, Andy Stanley presented about trust as a foundation of organizational culture.  He provided a functional way for how you and I can begin to establish trust in our organizations.  I reproduce them here so you won’t miss out on these great ways to lead others to establish trust:

“To develop a culture of trust, leaders must be trustworthy. Worthy of trust does not mean perfect. It means when I create a gap where your expectations don’t line up with the experience I give you, I talk to you about it.

5 Essential Commitments of Trust

  1. I will believe the best.
  2. When other people assume the worst about you, I will come to your defense.
  3. If what I experience begins to erode my trust, I will come directly to you to talk about it.
  4. When I am convinced I will not be able to deliver on a promise, I will come to you ahead of time.
  5. When you confront me about the gaps I’ve created, I will tell you the truth.

The gaps are the opportunities… the gaps are the litmus test… for you to choose what culture you will have.

Questions to Ask

  1. Are there people in your organization you have a hard time trusting.
  2. Is it your issue or is it theirs? (if you have never chosen to trust it is still your issue)
  3. What can you do about your part?
  4. What do you need to address with them about their part?
  5. Who do you sense having a difficult time trusting you?
  6. Why?
  7. What can you do about it?

If you choose to trust, you will create an organization that is more nimble and effective.”

Its not easy to create this trust, but it sure does challenge me and push me to the next level.  I’ll be asking  myself these questions to become more intentional about building trust.  What do you do to develop trust in your relationships?  Buy people coffee?  Take them to the doctor when they need their wisdom teeth pulled?

I’d love to hear how you intentionally build trust into your relationships, leave a comment and lets get the ideas flowing.

Popularity: 1% [?]

Comment Policy

Although I am in the middle of an blog idenity crisis, I am now struggling to cope with some disrespectful comments on an old post of mine.

To a blogger, comments are like Hansel and Gretel’s bread crumbs, they give us bloggers confidence to keep going.   I love comments and I’m not one for censorship.   So I left these nasty comments up for a few days, but I realized that leaving the offensive, defamatory and outright mean comments on my blog did not promote conversation and reflected poorly on me and this blog.

Classyness is something that I am not in an identity crisis about, so from here on out I will have a comment policy, published below.

Joe Budde Jr.com Comment Policy

I hate to do it, but after several nasty comments on my blog, I had to outline a few things that will not be tolerated in the comments.

1.  General Classlessness – I consider my blog a classy place: classy like wine, tuxedos and table cloths.  Please leave the personal attacks (on me or others) at the door.

2. ADD Comments – I enjoy talking about subjects that people are passionate about, but if I take the time to write a post, the comments should match the content and subjects outlined in the post.  Oh, but you wanted to chat about something else?  GREAT!  Send me an email or a tweet, we can chat about it that way.

3. Disrespect – Differences are welcomed here.  Hatred is not.  We are all humans, we all have hearts, and because of that we must respect one another.  Thoughts and opinions change through respectful discourse.  Leave the trash talk on the field/court/ice/floor/pitch.

These are the rules, and I reserve the right to change them at any moment.  If you don’t like it:  Don’t comment.  It’ll save you from having your feelings hurt when I delete your classless, off topic, and disrespectful comment.

Update: Because of a recent comment, a number 4 has been added:

4. Non-Full Disclosure – Any comment made without disclosing your relationship to the content of the post will be subject to removal or a public disclosure of the association by yours truly. Let’s leave the anonymous commenting to the creepers and uncivilized.

Popularity: 24% [?]

U.S. Mobile Payments Short Term Viability is Low

cell-phonesA lot has been said of the new mobile payments company Paymo and other mobile payment companies as well. They turn your mobile phone into a charge card by entering your phone number as payment and then shooting you a text message to verify the amount. That payment then gets billed to you via your mobile phone bill. In theory, this is a great idea. But fees and the gate keepers – mobile carriers – cause implementation problems with high fees.

So until Paymo gets in bed with the mobile carriers we cannot call this one a win. Mobile carriers charge 20-50% fees to do a payment like through Paymo. So if you buy 10 dollars worth of groceries, you actually pay 15 dollars for them if you pay using Paymo.

So I don’t think unless some deal is had there, that Paymo is viable in the short term.

Long term I’d like to see a Verizon Wireless merge with Visa or some combo like this.   I think it is a very closely related revenue stream that could be championed by the new ID device – your cell phone. 

This new mobile/credit card company would be a mobile payments company to be reckoned with, your Verizon account becomes a credit card?  Something to think about here…

How do you think we will pay for things five years from now?

Popularity: 15% [?]

It Isn’t The Holidays Until You’ve Elf’d Yourself

My wife found some amazing pictures to create a pair of perfect elves using JibJab’s Elf Yourself!  We had such a good laugh from them.  You can elf yourself too: It isn’t the holidays until you have elf’d yourself!  If you do go elf yourself, please leave a comment with the link to your video.  I would love to see all of you dancing around!

Send your own ElfYourself eCards

Popularity: 10% [?]

Going International: JoeBuddeJr.com Translated!

Google has just come out with a handy new gadget for your website!  It translates your blog/site into foriegn languages! Ryan Graves gave me the idea after he added it.  Since I love checking my analyitics to see the international visitors map it shows there are visitors from across the globe, I thought you might enjoy it as well:

I love connecting with great people outside of the USA, so please shoot me a note and let me know what you are up to! Enjoy reading JoeBuddeJr.com in your first language! Or second, if you are trying to learn another language! My blog should prove to be a good source of language practice for you.

Now if only comments could get translated too… So many gaps in technology out there for great products to fill gaps.  Sounds like a job for a weekend team at a Startup Weekend event!

Popularity: 7% [?]