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Book Summary: Extreme Productivity

Overview

- Success depends on a large part on mindset.
- Focus the results you plan to achieve rather than the number of hours you work.
- Results are what matter most to your employers, clients and colleagues
- Personal productivity = quantity and quality of your results in achieving your own objectives
- Actively carve out time to think as opposed to constantly reacting

Personal Objectives

- How to rank Your personal Objectives

What you want to do (Supply)
- What you are good at (Supply)
- What the world needs you for (Demand)

focus on economic fundamentals
- be open to new developments

- Time categories

Career Aims (5+ years)
- Yearly objectives (3-24 months)
- Weekly targets (1 week or less)

Planning steps

- Know what you are good at and go after targets from your position of strength
- Set/write down goals and expected outcomes with explicit priorities. Be relentless about applying the 80/20 rule
- Clearly define the hypothesis behind each goal
- Tie long goals to actionable short term targets

rank your targets

rank = who requested X implied importance

- Differentiate between

Enabling Targets: helps you accomplished your objectives
- Assigned Targets: give to you

Control

- Goal management

revise hypothesis as new data becomes available

- Time management

monitor where you are spending your time
- Project into the ideal future 365 days from now to visualize how your ideal time allocation will look like
- start calibrating your time allocation towards that ideal configuration
- address mis-alignment between goals and time allocation

- Keep your ego in check

unchecked ego results in misallocation of time and resources
- catch procrastination

is it to do with your fear of failure

- Task execution

figure out how to do the same items more efficiently
- figure out which tasks can be done in a quick-and-dirty way
- constantly seek to free up time for more important stuff

- Good management system

proactively achieving priorities
- avert crisis before it ever gets the chance to happen

- Habits

observe habits
- cultivate new habits to displace old ones
- avoid the narrative fallacy

Execution

- Low priority task - only handle it once

accepting imperfection
- avoid micro-management
- more so as you start moving up the ladder and need to delegate more

- Incoming Requests

decide promptly either to offer response or ignore it
- ignore 80% of all incoming requests

- Avoid context switching
- All appointments in one place

purpose
- importance

Dealing with meetings

- if it is purely about information sharing - try to do so via email
- don't have it drag for too long
- avoid distractions
- avoid complex powerpoint slide
- be very clear about your objectives - don't use fluffy terms

Personal skills

- Reading

Know your purpose
- read fewer words
- Do in order: conclusion, beginning, middle
- Grasp the structure of the reading. scan materials quickly to get the gist. Only do deep dives if required

- Writing

 know your audience

- speaking

 know your audience
- make sure line of argument is crystal clear
- less information is more
- introduction, body and conclusion

Delegation

- Never delegate the recruitment of your own lieutenants

make your own reference calls

- Ability to lead multiple small teams in multiple large projects
- Each employee needs their own space - autonomy
- foster trust

they need to trust you are working towards shared goals

- maintain open line of communications

be willing to listen
- spend more time listening than talking

- establish accurate metrics

establish priority of metrics
- there is academic literature on good versus a bad metric

- Make sure your team knows you are offering suggestions not order
- give effective feedback

address behavior
- feeling humiliated causes decreased productivity

Communicating upwards

- Content and style
- agree what you should be doing
- understand their preferences
- elicit for feedback
- Managing cautious managers

talk them through your intended plan before executing

Leadership skills

- inherently transferable and always in demand
- Exercising creativity and judgment in resolving tough problems
- Practise integrity

Family time

- Always make sure to reserve time aside for family
- set clear boundaries
- embrace and work around constrains