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

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