The Art of Manliness - April 06, 2017


#293: How to Do More With Less


Episode Stats

Length

41 minutes

Words per Minute

196.96602

Word Count

8,128

Sentence Count

8

Hate Speech Sentences

2


Summary

Have you ever told yourself, "Man, if I only had more time, more money, or more connections, I could start putting into action those big plans I have for my life"? Well, my guest today on the show is here to tell you that those extra resources might actually hurt you more in the long run than if you just embraced and used what you already have at hand. In his new book, "Stretch: Unlock the Power of Less and Achieve More Than You Ever Imagined," Scott Sunenshine argues that companies that try to get more resources like money or employees actually have a higher failure rate than companies that make do with the resources they already have.


Transcript

00:00:00.000 brett mckay here and welcome to another edition of the art of manliness podcast have you ever
00:00:18.780 told yourself man if i only had more time more money or more connections i could start putting
00:00:23.800 into action those big plans i have for my life well my guest today on the podcast is here to
00:00:29.020 tell you that those extra resources might actually hurt you more in the long run than if you just
00:00:33.340 embraced and used what you already have at hand his name is scott sunenshine he's professor of
00:00:37.780 business management at rice university and in his latest book stretch unlock the power of less and
00:00:42.420 achieve more than you ever imagined he highlights case studies from the world of business that show
00:00:46.700 that companies that try to get more resources like money or employees actually have a higher fail rate
00:00:52.000 than companies that try to make do with the resources they already have at their disposal
00:00:55.820 today on the show scott and i discuss why chasing more resources often leads to failure and why
00:01:00.200 learning to stretch and use what you've already got scott then shares insights he's gleamed from
00:01:04.460 the world of business and how this stretching principle help you achieve your personal goals
00:01:07.900 we then dig into the science of why constraints makes us more creative and scrappy why planning
00:01:12.680 is overrated and why you should put a premium on action and why it's so hard to stretch even though
00:01:17.380 we intuitively know that it comes with lots of benefits great show filled with actionable insights
00:01:22.440 after the show's over check out the show notes at aom.is slash stretch
00:01:27.020 scott sunenshine welcome to the show thanks so much for having me you're the author of a book
00:01:39.480 called stretch unlock the power of less and achieve more than you ever imagined and really it's one of
00:01:44.820 the best books i've read this year just just packed with all this this useful information is just
00:01:50.060 these interesting tidbits and case studies so it's all about how companies individuals go about
00:01:56.380 being successful in their career or with their in their industry and you start off the book there
00:02:03.160 there are two ways there's there's stretching which we'll talk about here in a bit and there's
00:02:07.320 chasing and you argue that the way a lot of companies or individuals go about being productive in life
00:02:13.500 getting the success they want is through chasing can you describe what are the traits of a chaser
00:02:18.880 and yeah just kind of give us a walkthrough through that chasing is the idea that we need more
00:02:24.500 resources in order to be successful so we orient our entire lives or entire business models about
00:02:30.640 trying to suck up as many resources as fast as possible and i learned this firsthand during the
00:02:36.780 dot-com boom and subsequent bust in silicon valley i went out there to join a startup and i was i was
00:02:42.060 definitely chasing i was promised a lot of wealth everyone was going through these ipos and i got
00:02:49.020 out there and organizations were doing the same thing because the entire model was let's just raise
00:02:54.360 as much money as we can let's bring in as many employees as we can and instead of building something
00:02:59.720 sustainable whether it be a sustainable business a sustainable career or even a sustainable life
00:03:05.760 this whole model just worked as long as someone wrote the check and as people stopped writing
00:03:10.700 checks and the market collapsed you were left with not much and so that's where i came up with
00:03:15.760 the idea of chasing and chasing is driven largely through what we call social comparisons and that's
00:03:22.480 the sense that you look around at your neighbors your friends your colleagues at work and you think that
00:03:28.880 you need the same things in order to succeed so you focus so much of your efforts on trying to get
00:03:35.040 these things meanwhile you overlook the most important goals right in front of you right and
00:03:40.300 you still see the chasing model today in silicon valley with the the venture capital right like
00:03:45.380 it's just companies who are just trying to get as much cash as they can like the whole mantra is there
00:03:50.700 is like you know cash flow solves all problems spending it on high salaries perks for their employees but
00:03:56.600 a lot of these companies they like what's the success rate for venture capital funded you know tech
00:04:01.900 companies it's not that great is it well we'll see what well yeah we'll see we'll see what it is in
00:04:05.880 in this most current cycle to kind of call the song it it does feel like 1999 all over again but back in
00:04:12.720 the boom and bust that i was in roughly 50 percent of organizations that were founded went out of
00:04:19.320 business like in around five years or so those that survived took this very different approach around
00:04:25.560 stretching which is really about being resourceful and focusing on how do you get the most out of what you
00:04:30.940 already have as opposed to trying to accumulate resources you have to remember that resources are
00:04:36.420 instrumental they help us reach goals they're not the goal itself but people forget that and i mean
00:04:41.920 how does chasing play itself out in our personal lives is it just like oh if only this thing was
00:04:47.340 different or i had this thing i would be successful is that like a chasing mentality in our personal lives
00:04:51.580 yeah absolutely if i only had more money or more connections i can do all of these things and then
00:04:59.500 of course you see chasing a lot when it comes to how we set up our our households so a lot of people
00:05:06.140 move into larger homes than they necessarily would because they think that it's a symbol of status and their
00:05:12.860 neighbors have it and the problem is i like to think of this as you're on the treadmill and you're trying
00:05:18.440 to get somewhere forward and that's what your goal is but with a treadmill of course you're not moving
00:05:23.740 any forward you're working hard and your legs are moving but you're not making any progress and then
00:05:28.680 as you chase you escalate those comparisons i talk about people in the book who are multi-millionaires
00:05:35.260 who feel inadequate as they make comparisons to billionaires so you turn up that dial on the treadmill
00:05:40.500 and you're running faster and faster and faster but you're still not making any more progress
00:05:44.420 towards your goals and that's the challenge with chasing it's a rat race that people don't want to
00:05:49.060 play but they end up playing it because they don't have the courage to recognize and have a conversation
00:05:54.860 with themselves about what it is they're trying to accomplish in their lives and i think also chasing
00:06:00.260 can be a roadblock to actually getting started with something because you use that as an excuse like well
00:06:05.640 i mean i would get in shape but i just don't have time or the money for the gym so they just keep putting
00:06:11.560 it off right yeah exactly it delays it delays reaching your goals and you have a whole chapter
00:06:17.240 in the in the book about that and you take this it's an excuse it's a really convenient excuse to
00:06:21.740 say oh you know i don't i don't have the gym membership or i have an inadequate set of weights
00:06:28.320 in my in my house well just go for a walk or go for a jog or do something and the idea with stretching is
00:06:33.680 you you reach your goals when you start doing something because our success comes not from what we
00:06:39.400 think about or what we plan to do but from what we actually do and chasing is the ultimate
00:06:44.340 distraction and excuse to do nothing all right let's talk about stretching you've mentioned some
00:06:48.880 of the attributes of stretchers they're they use they see their resources and and that what they
00:06:53.480 have and they they start there instead of thinking about what they don't have any other
00:06:56.880 attributes of of a good stretcher a good stretcher is also going to embrace constraints i think when a
00:07:02.880 lot of people think about constraints they want to run away from them because from the chasing
00:07:07.880 mentality constraints are bad because we think of ourselves as worthy people if we have a lot that's
00:07:15.120 what comes from chasing but with constraints stretchers embrace constraints and they recognize
00:07:19.760 that when their backs are against the wall that's when we can unleash that inner macgyver that i think
00:07:24.260 all of us have so i like to think of stretchers as macgyvering their entire life not just you know
00:07:30.620 the physical things and not just in the way that he does it but to think about all of the problems
00:07:35.620 that we face and ask not what i don't have but what do i have and how can i think about those
00:07:40.520 more creatively and there's a whole whole host of research in psychology that shows that when we face
00:07:45.800 constraints when we think about scarcity we can get really creative with what we have and it allows us
00:07:50.600 to solve problems that we otherwise might need more resources for and with this constraints you know
00:07:56.520 yeah you you talk a lot about a lot of research you highlight a lot of research how actually
00:08:00.040 constraints can make us more creative i mean any specific um uh studies or experiments that uh that
00:08:06.940 stood out to you that showed that constraints actually make us more creative yeah so i like this
00:08:11.940 study that looks at simply thinking about constraints because the reality is is all of us probably face
00:08:18.560 constraints in our lives at some time and that's often where we can get into the stretching mindset
00:08:24.400 but i think the bigger challenge is most people in this country are relatively fortunate and how do we
00:08:31.660 unleash this power of stretching when we're in these types of situations so in this research study they
00:08:37.420 divided participants into two groups randomly one group was told simply think about a time when you
00:08:43.120 were a child and you had a lot of things that's the abundance group then another group was told think
00:08:48.680 about a time when you were a child and you didn't have a lot that's called the scarcity or constraint group
00:08:53.060 then they were given a problem computer lab had some extra bubble wrap and they needed to solve a
00:08:59.020 problem related to the bubble wrap and it turns out that simply just thinking about constraints allow
00:09:04.360 people to come up with more creative and innovative ideas and that's one of the beauties of the stretching
00:09:09.120 mindset is it's not that hard to get into first of all we have familiarity with stretching whenever we
00:09:16.400 faced a real constraint that's where we can get into this and you know people who i profile billionaires who
00:09:22.360 grew up during hard times and they were able to build really successful businesses by using the
00:09:27.940 lessons of stretching that they gained when they were under hard times but even when we're relatively
00:09:32.800 fortunate simply thinking about constraints can get us into a similar type of headspace so we too can find
00:09:38.820 success at all times so yeah if you are in a fortune position you have to be more thoughtful about
00:09:44.060 establishing those constraints for yourself i mean that takes a little bit of uh willpower i imagine
00:09:49.240 it takes willpower and it also i think really takes a lot of courage because again if we think that
00:09:54.040 most people are operating out of this chasing mindset by having constraints you're trying to say well maybe
00:10:00.980 i'm inferior because i judge how valuable i am as a person or how important my business is based off of
00:10:08.660 our resources why would i ever want to put myself under constraints you look at the way a lot of startup
00:10:14.580 organizations evolve they start as the scrappy garage startup that's the classic hp in silicon
00:10:20.960 valley and then they move into these really elaborate beautiful headquarters because i think they want
00:10:25.620 to show themselves and the rest of the world that they've made it really big meanwhile they send all
00:10:30.960 of these signals to their employees that says hey it's okay to squander resources look at all of the
00:10:35.920 things that we have we live in the land of abundance and you know the the challenges and i'm talking
00:10:40.900 about a lot of the unicorn startups you see right now they don't actually make any money they spend
00:10:45.680 a lot of money but they don't make they don't make a lot of money and they send all of these
00:10:49.000 signals and they create a culture of waste and when someone stops writing the check they're going to
00:10:53.580 have a really hard time adapting i think there was there's a quote something i forgot who said it
00:10:57.420 something along the lines that like great nations begin stoic and they die epicurean yeah they kind of
00:11:04.340 begin very you know hearty and scrappy but then the reason they die is because the success they got
00:11:09.300 from that scrappiness eventually kills them yeah they consider it inferior right so besides constraints
00:11:15.180 any other attributes of a stretcher yeah so another another important part is this idea of ownership
00:11:21.280 and how stretchers embrace what they have from a from a psychological sense of ownership so i've done
00:11:28.920 some research that looks at retail employees and you wouldn't think of retail employees as those who have
00:11:34.120 a lot of ownership they're barely paid above minimum wage and they don't have equity stakes
00:11:40.400 or any of that stuff but what i found in this research of this large chain of stores is if
00:11:46.060 employees can get into that headspace where they literally feel like they own the resources in their
00:11:51.440 stores they're able to solve problems more creatively and effectively the challenge of course is
00:11:57.360 we tend to strip away ownership from employees we like to put on a dunce cap on them we expect that
00:12:03.240 people are not going to perform their best so we develop a lot of control mechanisms to monitor
00:12:08.320 employees and take away discretion and as a result we end up getting employees who are controlled and
00:12:15.420 don't take discretionary action that would help the organization so ownership when you feel like you own
00:12:20.720 stuff around you and that's hard that's hard to grasp at work because most of us don't work for
00:12:25.280 ourselves we work for other people and we don't own the desk we're working at we don't own the tools
00:12:29.420 we're working at we don't own the computer we're working at but if you can get into that space where
00:12:33.280 you feel like you own these types of things you're able to come up with more creative solutions and
00:12:40.020 then another important aspect of the mindset is frugality and that's all about how do you use
00:12:45.720 resources in effective ways being good stewards we tend to conflate frugality with cheapness and they're
00:12:53.780 two very different things from a psychologist perspective when people are cheap they are
00:12:59.580 pained from spending money they have this bad reaction in their gut so they can't part with money
00:13:04.940 that is not the ticket to a successful life or a successful business because you're not going to
00:13:10.440 make indulgences and we like to indulge sometimes there's nothing wrong with that you're also not
00:13:15.200 going to invest in your business because you're afraid to spend money when we're frugal however it's a
00:13:20.380 very different psychology we take pleasure in using money and other resources wisely so it's about
00:13:27.220 getting a good deal it's about using resources efficiently and that's what tends to be the path
00:13:32.440 to not only a good life but a successful business okay so let's backtrack to this idea of ownership so
00:13:38.320 it's an important aspect of a stretcher and so if you're an employer or you're an employee and you're
00:13:43.520 listening to this you're like i i want i want that because i i know it can make me more effective
00:13:47.260 how do you go about creating that culture in a in a company that culture of ownership so it starts
00:13:52.860 with trust and trusting the front line that they can make decisions because if you think about it
00:13:58.140 the people who are closest to your products closest to your customers are your front line employees
00:14:04.280 yet we take away so much of their ability to use that information because we don't trust them so
00:14:10.360 starting a culture of ownership is really a leadership challenge it's a challenge that sets up an
00:14:15.180 environment that says hey we're going to empower you we're going to trust you to make good decisions
00:14:19.820 and we're going to give you the benefit of the doubt now some people of course will take advantage of
00:14:24.280 that and that's always going to be a negative outcome and there's there's ways you can do that
00:14:28.540 but most people want to make contributions to work they want to help their organizations but we don't
00:14:33.640 trust them so in one one part of my my research i went to the most successful store manager in this
00:14:38.760 in this chain of stores and it was a woman's fashion boutique and i i was asking him
00:14:43.200 what is it that allows you to be so successful and he told me a story about the time when he got a
00:14:48.720 piece of crap dress no one wanted to buy it the store had lots of it it was falling off the hangers
00:14:53.700 and most people would resign themselves and say i can't be successful in this type of
00:14:58.440 environment i have garbage to sell so i'm just going to wait until something better comes along
00:15:04.300 well what this guy did is he took a pair of scissors he cut the straps off he rolled it up put a bow
00:15:11.020 around and it made a sign that said beachwear and it went from a last seller to a best seller now a lot
00:15:16.340 of companies that probably would get you fired that would be called damaging the products right
00:15:20.960 but what this company did is it empowered people like him to make these types of decisions that were
00:15:26.400 good for his store as well as the larger company so that ownership it sounds like gives the gives the
00:15:32.020 person an internal locus of control right that they are in control of their exactly so going back to
00:15:37.760 frugality i thought this was a really great section frugality is you enjoy spending money
00:15:43.620 but you enjoy when it's spent wisely right and saving money so how do you avoid because i know
00:15:50.800 when i've been in my frugal streaks it often slips into miserliness where i just get you know i'm just
00:15:56.700 pinching every penny and it's not enjoyable but somehow i turn to this scrooge my duck where i enjoy
00:16:02.300 counting my coins right how do you avoid frugality slipping into miserliness well i think you have
00:16:08.960 to remind yourself of what your goals are and it's kind of ironic but if you think about it the cheap
00:16:15.480 person is really not that much different than the than the chaser because the chaser is so worried
00:16:22.440 about accumulation is going out and trying to acquire resources counting those resources well in many
00:16:28.420 respects that's what the cheap person is doing they're hoarding their resources they're hoarding
00:16:32.740 their money they're counting i mean you're literally counting counting those coins and meanwhile the
00:16:39.160 numbers might be increasing you might have more money you might have more coins or more of whatever
00:16:43.100 you're trying to maximize but you're not using those towards your goals and again at the end of the day
00:16:48.560 what we care about is using our resources to achieve goals not just to get more resources that would be a
00:16:55.540 pretty bizarre goal resources are instrumental so if we remind ourselves what their actual goals are
00:17:01.640 we can get closer to the frugality part of this spectrum than the cheap part and you highlight i
00:17:09.160 guess he's a hedge fund manager of some sort but he was super i mean he's a big penny pincher yeah
00:17:13.680 you're talking about webbush this is a guy who's got millions and millions of dollars and he's a he has
00:17:20.580 his own investment bank and he lives in this dilapidated house with a leaky roof he doesn't
00:17:28.120 seem to want to get a professional to repair the roof he's been seen on his roof trying to repair it
00:17:32.780 himself the house is in such disrepair that mold has started to infest in it so his wife doesn't
00:17:39.540 want to spend the night in that home meanwhile this guy would easily be able to fix it his same business
00:17:44.920 is run the same way where he didn't want to fix the carpet people were tripping all over the place
00:17:49.020 one of his regulators fined his company for compliance issues not because there was any
00:17:54.400 ill will done but because he was so cheap and didn't invest in compliance and so this is this is
00:17:59.380 this is the classic example of someone being cheap he's counting his money he's not using it to focus on
00:18:06.020 goals that i i would argue would be his more meaningful goals and it's completely displaced him
00:18:11.000 from living i think the type of life that most of us would consider uh wanting to live i guess a
00:18:17.080 contrast him would be someone like warren buffett i mean the guy's a billionaire but he seems pretty
00:18:21.720 frugal like he doesn't mind spending money as so long as it's wisely spent yeah that's right and he
00:18:27.420 of course is donating most of his money to charity and i think there's a lot we can learn from
00:18:33.060 successful business people who take this approach there's a couple of others i profile in the book
00:18:38.660 one is dick yingling who founded a very successful beer company it's actually the largest domestic beer
00:18:43.980 producer in america right now with domestic production and he's he's really frugal he reuses
00:18:50.340 styrofoam coffee cups and drives a very modest car he's one of the 500 richest men according to uh
00:18:57.280 forbes magazine and he's instilled his culture in his whole company and the same thing for this guy by
00:19:04.180 the name of bob kierlin who you know does some pretty pretty extreme things on the frugality side
00:19:11.520 such as not reimbursing expenses when employees travel because or not reimbursing meals when they
00:19:16.560 travel because of course they need to eat but the flip side of that is he takes that money and he
00:19:21.260 invests it in his people he gives them better salaries bonuses lots of opportunities and he
00:19:27.000 reasons look if if i'm paying the bill when they eat they're going to end up eating in ways that they
00:19:31.420 wouldn't if it were their money so let them spend their money and i'll give it back to them in other
00:19:34.780 ways and by the way this guy donates a lot of money to charity too although often anonymously
00:19:39.140 and you can kind of compare that to people who want that you know glamour and they want all of
00:19:44.760 the recognition they want to put up the fancy buildings and get their names on things you know
00:19:49.240 it's a very different type of mindset about how you think about resources one is really about
00:19:53.620 thinking about those goals and what you want to live the best life and the other i think is largely
00:19:58.480 driven by this chasing mentality of of status so even gift giving becomes who can build the nicest
00:20:03.360 building i want to one-up my friend who just donated a lot of money and i want to build an even nicer
00:20:07.960 building so yeah there's some great case studies there about about frugality so folks need to check
00:20:12.020 out the book get at that another attribute of stretchers you mentioned the book is they put a
00:20:16.140 premium on input from outsiders so what makes an outsider an outsider first let's let's go there
00:20:23.720 an outsider is someone who doesn't know a lot about a specific area that they're asked to solve
00:20:28.760 a problem well then how can outsiders solve problems if they don't know very much about that
00:20:34.740 area that they're working in well this again is one of the beauties of the power of the stretching
00:20:40.920 framework because again you're right our intuitions would be you would want people who know the most
00:20:46.680 to to be solving problems to be on your teams but it actually turns out that's not what the research
00:20:52.980 shows so there's there's studies that look at 10 different countries 166 scientific labs and it was a
00:21:02.020 very simple question the researchers were asking with a pretty straightforward prediction you would
00:21:05.920 think how much scientific knowledge in a given domain does someone know how much does that
00:21:13.960 knowledge predict how well they can solve a problem in that domain it turns out that there's a
00:21:18.980 relationship it's a strong relationship but it's negative the more that someone knew about the
00:21:24.060 domain the less likely they were to solve a problem so the biologists were more likely to solve
00:21:29.020 the chemistry problems and vice versa and there's a reason for that the reason is when we have deep
00:21:35.300 knowledge in an area we tend to focus and try and solve problems in traditional ways when we have
00:21:42.180 less information we're able to import different perspectives and not be blinded by our expertise
00:21:49.280 that's hard for people to grasp though you think about there's been a lot of popularity of
00:21:54.560 malcolm gladwell's work in outliers and he talks about how you need 10 000 hours to gain proficiency
00:22:00.920 in in doing something and what i'm finding in my work it's called the multi-c or multi-context rule
00:22:07.320 and that the breadth of experience is what's most important when you have complex problems so if you look at
00:22:15.820 research that shows the relationship between the number of hours you spend practicing something
00:22:20.980 and performance so for games like chess that relationship is about 26 percent that's not bad
00:22:28.280 but it's probably a lot less than you would have predicted when you get down to sports it's like 18
00:22:34.800 percent work and education it's under five percent and the pattern is as we go from more structured
00:22:42.420 activities where the rules of the game are always known to less structured activities but activities
00:22:48.760 that we spend most of our lives doing learning and working the role of expertise and practice has
00:22:54.840 less and less of an impact and it's that same reason why experts approach problems in such specific ways
00:23:00.320 that when the rules are always changing they're applying frameworks that might no longer make sense
00:23:05.600 and that's why we need outsiders on teams and this is like a really powerful idea because you know
00:23:10.380 going back to the the chasing mentality oftentimes an excuse for we use to start a business or to do
00:23:17.240 something is like well i just don't know enough i need to know more about this topic so i'm going
00:23:21.700 to research it more a lot of people do that when they start a business i gotta i gotta look into this
00:23:25.100 business more and more and more and what you're saying is that that actually might not be helpful
00:23:29.540 and in fact it might be counterproductive that's right and i spent a few years doing a study of gourmet
00:23:35.760 food trucks which was one of the funnest research projects i ever had to do i mean i did gain 15 pounds
00:23:41.100 doing this uh research which i had to work really hard to lose but these are incredibly constrained
00:23:47.820 organizations and you'd be surprised but most of them have very little experience cooking they have
00:23:53.260 very little experience in the restaurant business a lot of them were trying to reinvent their careers
00:23:57.520 they came from it i interviewed teachers people who were just serial entrepreneurs a whole diversity
00:24:04.720 of people but a lot of them had zero restaurant experience but what they realized is that that
00:24:11.600 lack of experience but the knowledge that they had from other areas allowed them to come up with new
00:24:18.100 ways of thinking about their food new ways of operating their business so it's not that they don't
00:24:23.240 know a lot it's that they know a little things a little about lots of different things and that gives them
00:24:29.220 a very important perspective on not just starting a business but trying to solve any type of problem
00:24:35.220 and you also talk about in the book that bringing an outside perspective into your life or your
00:24:38.760 business doesn't require you necessarily to actually find physical beings who are outsiders right like
00:24:44.100 you can do that in your own life by just reading you know broadly from different domains different
00:24:49.600 perspectives traveling gaining new experiences yourself so you can bring that back to your own life yeah or
00:24:55.760 even at work i mean how many people would ever think about going to a conference in a different industry
00:25:00.340 but i mean a lot of the problems that we're solving at work there's similar and parallel problems in
00:25:05.840 neighboring industries but we never talk to people in those industries or go have lunch with someone
00:25:10.600 who has your same job in a different company imagine all the things you can learn but we we tend to
00:25:15.860 just like to talk to people who are just like us there's that big book about bell labs and all the
00:25:20.080 the productivity they had during the 50s and 60s and one of the the things they attributed that
00:25:25.440 productivity and all these developments like lasers i mean it was crazy with what they developed was
00:25:29.340 that there was this intermingling going on between different departments and they were able to combine
00:25:34.180 these ideas just within their own workforce yeah that's a great example so one of my favorite chapters
00:25:39.120 in your book is about taking action and not putting a premium on plans that's one of the attributes
00:25:45.540 of stretchers they don't actually plan all that much they just they start acting and then they
00:25:49.900 kind of figure things out after they've taken action but here's the thing i mean it's
00:25:53.920 counterintuitive because a lot of the the business advice out there is you need to sit down you need
00:25:58.840 to create this detailed business plan before you do a project you need to map out the the steps you're
00:26:04.400 going to take to complete the project so how how do plans actually prevent us from getting the success
00:26:12.060 that we want how can it stop us from making progress if you think where the stakes of planning are the
00:26:18.640 highest imagine you're a big business and you're going through your five-year plan strategic plan
00:26:24.240 the reality is is what the research shows is those plans have very little impact on performance and
00:26:30.300 depending on the study you look at sometimes they even harm performance the challenge is five years
00:26:35.760 is a long time it's really hard to imagine two years from now or the world that we live in right now
00:26:41.620 sometimes goes almost on an hourly basis in terms of what's what's unfolding so when you can't when
00:26:48.740 you when you live in a lot of uncertainty plans are really misleading because what happens is you make
00:26:54.540 assumptions about what the world is going to look like what your life is going to look like what your
00:26:59.000 market is going to look like what your competition is going to look like many many years down the road
00:27:03.800 and the odds of that world or that of those markets or so on looking like how you think they're going
00:27:09.980 to look are pretty slim but you trick yourself into thinking that's how the world will work because
00:27:15.760 that's what you put in your plan so you stick to your plan and you keep marching forward as if you're
00:27:21.120 living in a reality because you thought that reality is what's going to happen so when we're stretching
00:27:26.120 we're realizing that one planning in many respects is a large waste of time and two what we want to
00:27:33.780 focus on is more spontaneous action that allows us to learn about the present as opposed to going
00:27:40.180 through the frivolous activity of trying to predict the future i do a lot of planning i try to plan my
00:27:45.980 day out and it never goes according to plan ever one thing i found with planning is that the traffic
00:27:51.840 can lead you into is that it makes you feel like you're doing something even though you're not doing
00:27:56.880 something so you can pat yourself on the back because you made this awesome plan but then
00:28:00.260 you end up not doing anything about it because you already felt like you accomplished something
00:28:04.940 with your plan yeah and we tend to think that we're successful based off of our plans when the
00:28:09.320 reality is is we're successful because of what we do not what we plan to do but we forget that you do
00:28:14.020 need to do a little planning right you talk about in the book that you know one of the downsides of
00:28:17.720 this action over plans is like not having direction basically wandering around so how do you strike a
00:28:23.220 balance between taking action and doing a bit of planning so you're not wandering around in the
00:28:29.360 weeds yeah it's a really important balance to strike and obviously there are some things in life you
00:28:34.380 still need to plan for you need to plan for retirement you need to plan for your kids education
00:28:38.880 so these are these are things where planning is important the point of the stretching framework is
00:28:44.320 that we over plan in many different aspects so the way to really balance that is to make sure that
00:28:50.860 we're learning and what separates those people who can act spontaneously successfully from those who
00:28:56.480 don't is that they learn and that they make adjustments and what i mean by that is if you
00:29:02.100 think about whether it be your business or your life it's all about trying different things and then
00:29:07.900 reflecting on what just happened and then making adjustments so i talk about one company jc penny in
00:29:15.400 the book and ron johnson was their ceo he had come from apple and he was very successful
00:29:20.640 in the apple retail store he was the one who invented the genius bar and he was he was a very
00:29:27.180 improvisational actor he had this gut feeling about genius bar and he he went with it and it turned out
00:29:32.000 to be great well our instincts also could be wrong and in his case at jc penny he literally bet the farm
00:29:39.120 on a new strategy around getting rid of the traditional discounts that you would have in department stores
00:29:43.920 and going to everyday low pricing he then tested he turned it all on at the same time and as the day
00:29:49.940 they were coming in it clearly was not working and he doubled down and we do that a lot when we're
00:29:55.260 chasing is we just start throwing good money after bad ideas because we think if we spend enough money
00:30:01.300 on something we could eventually turn it around because he had this instinct that said everyday low
00:30:06.040 pricing is the way that we're going to go and as more and more and more data kept coming in he kept
00:30:10.900 sticking to that until finally he was fired and so that's you know what he was doing is leaping which i you
00:30:16.700 know leaping are kind of acting but not learning and if we're not going to learn when we're doing
00:30:21.560 the spontaneous action we're going to be in a lot of trouble so we've got to get into a learning
00:30:25.540 mindset if we're going to abandon the plant right i think one exercise you mentioned in the book that
00:30:30.220 you can do and you sort of alluded to it here in your answer was that you know keep a journal of what
00:30:34.840 you did and then write like what you learned from that right like i took these actions and then here's
00:30:41.220 what i learned from by taking those actions and then you can go you have basically have a record
00:30:45.000 it allows you to plan backwards in a way yeah it gives you that backwards looking plan and what i
00:30:50.580 like people to do is compare that backwards looking plan to what their forward looking plan would have
00:30:56.280 been and my sense is what usually happens is they don't look the same but you know what you see is
00:31:02.540 there still tends to be structure towards your day and that's an important point to make is that when
00:31:07.940 i'm saying you should act spontaneously i'm not saying you should fly by the seat of your pants
00:31:11.440 and you shouldn't have any structure and this backward looking plan is that structure if you
00:31:15.380 even look at jazz music music which is often held up as the classic example of improvisation there's
00:31:21.840 still a lot of structure that's going on in that music whether it be the rhythm the way that they
00:31:27.860 communicate and coordinate by looking at each other and all of those things so i'm not saying just kind
00:31:32.100 of get out there and and uh let things fly what i'm saying is you're going to learn that when you
00:31:38.560 go through your day and you're more spontaneous it's going to open you up to new experiences but
00:31:43.520 it's so critical that you learn from those experiences and make adjustments so you can
00:31:47.140 constantly be getting better and when you create this backward looking plan it disciplines us to reflect
00:31:52.500 on how our day just went what we learn by acting more improvisationally another attribute of stretch as you
00:31:58.500 talk about is having high expectations for yourself so what does the research say about having high
00:32:04.300 expectations for you your company or your employees expectations end up shaping a lot of our behavior
00:32:10.280 the challenge is we often set negative expectations so let's say we're late for work one day or actually
00:32:16.780 let's say one of our employees is late for work one day what do we immediately think well they're not
00:32:22.360 responsible they should have left early or if we're in the store and we see a stranger slip what do we
00:32:29.360 think we think well they're they're kind of clumsy now if we were in those same situations we were late
00:32:34.440 to work we would have known we got caught in the freeway in a bad accident or we would have known that
00:32:39.100 there was a puddle on the ground that we didn't look at the challenge is when we're looking at other
00:32:43.100 people's behaviors we don't have access to their situational uh their situations so we don't know
00:32:49.260 that they were stuck in traffic because of an accident we don't know that there was a puddle
00:32:54.800 on the floor and that's why they slipped so because we don't have access to this we explain
00:32:59.540 their behavior based off of individual attributes so when we're observing bad behavior they're
00:33:05.700 irresponsible and they're clumsy and that's what we do with expectations a lot at work is we assume
00:33:11.740 the worst in people we might hear oh this guy's a jerk haven't met him well what happens when we
00:33:17.620 meet him we're going to interact with him in ways that self-fulfill that prophecy that actually turn
00:33:23.620 him into a jerk whether it's our body language or the way we're looking at him or how curt we might be
00:33:28.800 when we talk to him so with stretching we want to replace these types of negative expectations with
00:33:35.520 what i call positive prophecies and positive prophecies are when we give people the benefit of the doubt
00:33:40.760 and we expect them to be able to perform at the highest levels and the important caveat here is
00:33:47.280 we want to make sure that those expectations are believable because there's a fine line that we can draw
00:33:52.920 between setting positive expectations that create this nice positive prophecy and creating performance
00:33:59.660 pressure so there's been a lot of interesting research in sports that have looked at the so-called
00:34:05.880 home field advantage and you often think wow the home team is gonna is gonna is gonna do better because
00:34:11.360 of this advantage but you know what tends to happen is those expectations create this performance
00:34:18.400 pressure so if you look at game seven of a world series it turns out that the home team usually doesn't
00:34:25.740 win those games or you can look at free throw percentage during the playoffs in the nba and the home the home team
00:34:33.680 tends to do better that well those those tend to be equal until game seven where the home team
00:34:37.520 actually does worse and it creates that performance pressure so we want to set credible and positive
00:34:42.320 expectations that are in that sweet spot where people feel capable that they can live up to those
00:34:46.900 expectations but they don't feel overburdened that it turns into pressure so how do you create
00:34:52.220 believable expectations positive prophecies well it starts with really knowing your employees and
00:34:58.060 getting to understand where they can grow and starting small you know if you go if you go and
00:35:03.600 start with someone and it's their first day at work and you tell them you're gonna be the absolute
00:35:10.120 superstar here that's you know people might say oh that's great i i love that they have such high
00:35:16.780 expectations of me and that's a really nice compliment but that creates an enormous pressure
00:35:20.600 so you want to start with what i call small wins so instead of that type of message you can come back with
00:35:26.380 something like i know you're going to do terrific on your first project and start with something
00:35:32.540 that's a less ambitious goal and then gradually over time you can amp up expectations as people
00:35:38.000 build up their confidence and then those expectations won't be seen as performance pressure
00:35:42.860 so start small is is the is the quick answer right this seems like this would be good parenting advice
00:35:48.000 too yeah it'd be absolutely good parenting advice i mean the way we i have two i have two daughters
00:35:52.360 four and nine years old and we put enormous burdens on our children right now i mean we're plotting
00:35:58.280 out you talk about planning we're not plotting out where they're going to college anymore we're
00:36:01.960 plotting out where they're going to pre-k i mean it's just it's absolutely crazy what's out there and
00:36:06.880 kids are smart they're like sponges they soak up this information and they see all of these enormous
00:36:11.880 expectations that their parents are putting on them and these kids i think tend to burn out as they
00:36:17.200 get older and eventually they they revolt because they just crack under the pressure and who wants to set up
00:36:23.480 set up a life of someone like that so again start small you want good positive expectations and a lot
00:36:30.380 of this research is in education and it shows that you can make children smarter by giving them
00:36:34.720 positive expectations but just don't overdo it we've been talking about the benefits of stretching right
00:36:39.560 putting premium actions over planning being frugal thinking about the resources you have at hand
00:36:45.440 right now instead of the resources you don't have there's all these benefits to stretching why
00:36:49.680 do so many people chase i think people intuitively understand that yeah like that's a great idea but
00:36:54.780 they don't do it why is that they don't do it because they have so many signals in our culture and in our
00:37:03.320 businesses that chasing is the and the only way to success and satisfaction you even think about
00:37:10.800 concepts like the american dream and what that means in terms of how you've got to move up to the house
00:37:17.960 with a white picket fence well you know maybe there's people that don't want to live in a house
00:37:21.800 and they rather live in in you know an apartment or something there's nothing wrong when you're
00:37:26.720 achieving your goals you just have to think what those goals are or social media plays a big role in
00:37:31.820 chasing too when we share information on social media about 75 of what we share tends to be good news
00:37:38.140 so we keep escalating our social comparisons as we're seeing all of these people it could be on networks
00:37:44.200 like linkedin you're always getting notices when people are getting promoted or when they're moving
00:37:48.640 to new jobs you never see the other side of it no one's posting on linkedin hey i just got canned
00:37:53.280 so it creates this this arms race where you feel like to have any meaningful impact and to have meaning
00:38:02.260 yourself in the world you need more resources because of all of these signals and people tend to
00:38:10.080 associate stretching as something that you do only when your backs are against the wall stretching is
00:38:17.360 something that is a necessity and we can get that you're a poor college student without any income
00:38:23.640 you understand ramen noodles and stretching you're an executive of the fortune 500 company you understand
00:38:30.000 mahogany furniture and corporate jets and that's the that's the kind of cultural signals we give to
00:38:35.840 people but the point of this book and why i think it's so valuable is when you dive down into the
00:38:42.660 research and you look at many of the most successful people and they're successful not just at work but
00:38:47.340 successful in life they're going at it in the complete opposite direction they're recognizing that
00:38:53.020 yeah we can achieve really high goals and yeah we can be really satisfied but we're getting there
00:38:58.740 not by chasing after resources but by embracing what's right in front of us and just thinking about them
00:39:04.440 much more creatively in better ways this has been a great conversation last question what do you think
00:39:10.220 is one thing that a person who's listening to this podcast right now that they can do today that will
00:39:14.620 provide the most roi and becoming a better stretcher is there like one thing you think they can do quick
00:39:19.660 and i'll give them a quick win the quick win is to start small with a project and impose some
00:39:26.800 artificial limitations on it and this i think is going to be a little counterintuitive also for people
00:39:31.220 if i said go to your boss and say you know what give me a little less money or a little less time
00:39:37.340 or one less person to deliver a project most people say that's the exact opposite thing but again we have
00:39:42.460 to link that dependence on chasing and what happens when they try this out they realize not only can they
00:39:48.040 get the job done but that those constraints help them do the job better and that's how you build up
00:39:53.680 your confidence and experience to start stretching fantastic well scott where can people learn more
00:39:57.640 about the book can go to my website which is www.scottsunenshine.com s-c-o-t-t-s-o-n-e-n-s-h-e-i-n
00:40:07.200 they've got great resources videos and articles that they can download and the book is available
00:40:11.720 wherever books are sold fantastic scott sunenshine thank you so much for your time it's been a pleasure
00:40:15.720 thanks so much for having me my guest is scott sunenshine his book is called stretch unlock the
00:40:20.260 power of less and achieve more than you ever imagined it's available on amazon.com and bookstores
00:40:24.760 everywhere you can also find more information about scott's work at scottsunenshine.com
00:40:29.560 also check out our show notes at aom.is slash stretch where you find links to resources where
00:40:35.040 you can delve deeper into this topic well that wraps up another edition of the art of manliness
00:40:44.820 podcast for more manly tips and advice make sure to check out the art of manliness website at
00:40:48.620 artofmanliness.com if you enjoy the show and you've gotten something out of the podcast please
00:40:52.440 consider giving us a review on itunes or stitcher it helps us out a lot as always thank you for
00:40:56.460 your continued support and until next time this is brad mckay telling you to stay manly
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