Playing ketchup

bread-390247_1920Time to do some catching up on topics I’ve been writing about…

The news still isn’t great for women in business. According to research by McKinsey & Co., if present trends continue, women won’t close the pay gap with men for more than a century. (That’s more than a hundred years by my detailed calculation.) And this requires investing over $300 billion in access to childcare and paid leave over the next ten years.

Meanwhile, it's been reported that only 6% of general partners in venture capital firms are women—down from 10% a decade and a half ago. (By my accounting those numbers appear to be headed in the wrong direction.) And this is occurring while women are making the lion’s share of consumer purchases—85% by some estimates! But if 94% of investment decisions are made by men, this is right out of Alice In Wonderland.

Women haven’t gained much ground in the music business as we've previously discussed, despite a few success stories like Taylor Swift, Beyoncé, and Katy Perry which distract us from the continuing low percentage of female performers getting radio play in almost every genre. The talent is out there, so this is insanely stupid.


The open office is a dbf

people-690810_1280After reading another article this week describing the backlash against the "open office environment" I've decided to reprise an earlier post I wrote on the subject. Despite the fact that most offices are now designed for it, it's been widely discredited as a DBF (Dumb Business Fad).

The open office environment is everywhere these days.

No private space, no closed doors, everyone working side by side in a collaborative utopia. Coworkers can see/hear what each other is doing and spontaneously contribute insights. New ideas, models, and projects are hatched on the spot. It’s amazing how this approach has caught fire. (70% of offices use it now!)

It’s amazing because it’s a dopey idea.

Wait! I know what you’re thinking: you can’t overlook the benefits of people constantly peering over your shoulder, loudly interrupting your work, and offering unsolicited judgments. Besides, what are stairwells good for, if not for holding private discussions?

As it turns out, evidence abounds that productivity suffers when people can’t find private space. A New Yorker article convincingly makes the case here that open office layouts destroy job performance. The predictable results are: reduced creativity, concentration, sense of control, motivation, and job satisfaction; damage to interpersonal relationships; and increased stress and sick time from noise, commotion, and interruption. (Other than that, it’s a swell idea.) Articles in Fast Company here and The Huffington Post here confirm this.


The certainty of uncertainty

abstract-979604_1920 I was ready to move on after our discussion of VUCA last week—namely, the Volatility, Uncertainty, Complexity, and Ambiguity of life in today’s globalized marketplace.

But two days after I posted “My name is VUCA,” disruption and disorder made their presence felt on an international scale in the tragic Orlando nightclub shooting—which warrants a further comment.

Just to bring you up to speed (in case you make the mistake of not memorizing these scintillating BLFR posts): VUCA is used in business to make sense of the unpredictability of events. The digital revolution that has overturned the music industry is an example I’ve used to illustrate the world of VUCA. Nearly every aspect of musical performance, recording, sales, and marketing has been destabilized in recent years by these forces of turbulent change.

But after Orlando, it’s clear that VUCA is everywhere—and we better get used to it.

As mentioned previously, we would be advised to stop pretending we really understand what’s going on around us—economically, socially, politically. We don’t. And when we provide—or accept—magic-bullet answers to maddeningly complex problems we’re demonstrating our lack of understanding of the world we now inhabit.


My name is VUCA

thunderstorm-567678_1280 Volatility. Uncertainty. Complexity. Ambiguity. Life in the 21st century.

The VUCA acronym was originally developed by the U.S. military to make sense of the post-Cold War multi-polar landscape of interdependent nations and economies. Since the financial crisis of 2008 the term has been co-opted by business leaders to delineate the unpredictability of market trends and forces. But it’s an apt description of all aspects of the world around us, as news headlines daily remind us.

In the music business there has always been volatility and uncertainty, but the advent of digital technology has taken disruption to new extremes. Traditional radio, bricks-and-mortar recording distribution, print advertising, etc. are all in various stages of decay. Disintermediation—the elimination of the middleman—has become a runaway train. (Coming soon, we hope: the ability to buy tickets for major concerts directly from the artist.)