Sunday Brunch Reads with Social Media ReInvention: Week of 09/15/14

Share-worthy links Social Media ReInvention Community Members can enjoy during Sunday brunch:

1) Bloomberg Businessweek: Tim Cook Interview: The iPhone 6, the Apple Watch, and Remaking a Company's Culture. Brad Stone shows how Tim Cook transformed a post-Steve Jobs Apple:

  • Collaboration inside Apple among hardware, software, and services. Departments worked in their own silos and defended turfs in the Steve Jobs era. Apple Watch marks the first product launch where multiple departments and large teams worked together. The renegade teams who broke off from the rest of the company and operated in secrecy are history.
  • The turning point – firing Scott Forstall. Forstall led software development for the iPad and iPhone under Steve Jobs. Cook broadened responsibilities among his top leaders. Jony Ive (Apple's Head of Design) assumed leadership of the look/feel of Apple iOS while Craig Federighi (Senior VP for Software Engineering) took mobile operating systems. Stone notes: "It was a plan designed to break down walls and extinguish infighting, executed with precision."
  • Financial discipline. Stone writes: "In meetings once devoted to the hallowed act of reviewing products, he (Tim Cook) asks managers pointed questions about spending and hiring projections, says a person involved. Staff from finance and operations now sit alongside engineers and designers in product road map sessions with key component partners."
  • Collaboration with external partners to penetrate untapped markets (aka the enterprise / large corporations). Anecdotes from IBM CEO, Ginni Rometty, and Cook's rationale for their partnership are gold.

 

2) Fortune: Peter Thiel Disagrees With You. Roger Parloff (Senior Editor of Legal Affairs,  Fortune Magazine) interviews Silicon Valley's Peter Thiel.  Parloff's article describes the philosophies and relationships influencing Thiel's business decisions: 

 

 

3) Fast Company: The $3.2 Billion Man: Can Google's Newest Star Outsmart Apple? Austin Carr's profile of Tony Fadell (Founder and CEO of Nest) details Fadell's decision to join Google, his relationship with Steve Jobs (his former mentor), and Fadell's pursuit of perfection with Nest products. The article concludes with Fadell's comments on Larry Page as his "next mentor."

  

 
4) eMarketer: Millennials Respond to Brand Transparency—for Health and Other Products. Erin Byrne (Chief Engagement Officer, Grey Healthcare Group) shares her thoughts on how pharmaceutical manufacturers and healthcare companies can earn the trust of millennials:

  • Give them information to make their own decisions. They trust their own research via an information journey. "You can't scare them into behavior."
  • Recongnize millennials are a "multi-screen generation." They consume information via their smartphones, tablets, laptops, and print magazines. Make sure your content "syncs up."
  • Be honest and transparent. Millennials trust social sources. Channel-optimize your message and explain the brand/service benefits. 


5) The Paley Center for Media: Jerry Seinfeld and David Letterman (Full Program). Mitch Joel published a blog post about the link between Seinfeld's ideas for Comedians in Cars Getting Coffee and creating differentiating content:

  • Season One is ten (10) individual garage experiments. Seinfeld wanted to test his theories on attracting online audiences for a new show (e.g., movement of the guests, movement of the cars, etc.). He guessed on what might work (or might not). He wanted to learn from the experience.
  • The original episodes weren't written or optimized for smartphone viewing. Seinfeld produced the show for desktop viewing. Analytics proved people watched the show at work on their laptops/desktops via time of day viewing.
  • He pitched the show to Facebook, YouTube, and other Silicon Valley royalty. They passed. 
  • Four (4) people create, produce, and edit the show (Seinfeld included). Production costs are $100,000 per episode. The Internet allows Seinfeld creative freedom a cable network won't provide. That's why he enjoys doing the work.

 

 

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Tony Faustino is a marketing and corporate strategist.  He writes about how The Internet reinvents marketing strategy for organizations and individuals in his marketing strategy blog, Social Media ReInvention.  Follow his tweets @tonyfaustino or circle him on Google+. 

Lesson 3A of 6: Reinventing You After Age 50 Case Study — Michael Ovitz and Developing Validators

Mother of Reinvention

Career Reinvention After 50 Is Possible

IMPORTANT NOTE: This case study series is a self-initiated interpretation and analysis by me, the blog author.  I want to make it clear that neither Dorie Clark nor Michael Ovitz were consulted or personally endorsed this case study and how I've applied the analysis to the valuable teachings in Reinventing You.

 

Are You Too Old to Professionally Reinvent Yourself After Age 50?  

No!  You still have time.  The real question you should is: How Much Are You Going to Focus, Your Unique Assets, Time, and Energy into Your Post-50 Career Reinvention?  

If these thoughts run through your mind or resemble one (or more) of the following, I encourage you to keep reading:

  • "I just got layed off and am looking for a job (or I'm worried about getting layed off) …" or
  • "I love to learn, try new things, and build different skills …" or
  • "What do you mean by unique assets?  What the hell are you talkin' about?  I don't think I have any …"  

Because YOU CAN Successfully Reinvent Yourself After Age 50

 

Reinventing You Book Image

Reinventing You by Dorie Clark

This post is third in a series of six (6) about successful career reinvention after age 50

In this post (and the other five), I talk about linkages I see from Michael Ovitz's career reinvention after age 50 to six (6) of Dorie Clark's Reinventing You principles from Chapter 9: Reintroduce Yourself and Chapter 10: Prove Your Worth.

The bullet point highlighted in blue is the Reinventing You principle analyzed in this post:

  • Develop Validators
  • Leverage Symbolic Actions
  • Go Where The Action Is
  • Building Your Portfolio

Note: The following analysis references examples from the October 2013 Fortune Magazine article: Ovitz Does Silicon Valley by David A. Kaplan to describe Michael Ovitz's latest career reinvention in the context of Reinventing You's valuable teachings.

Lesson 3A: Develop Validators

 

Validators

Who Are Your Validators?

Dorie Clark emphasizes the importance of "having other people talk us up."  Here are key quotes from Reinventing You's Chapter 9: Reintroduce Yourself — Develop Validators:


Another important way we can convey our new identities is through external validators, that is, other people talking us up. As a powerhouse group of researchers led by both Jeffrey Pfeffer and Robert Cialdini discovered, the secret is to have someone else bragging for you.
(Jeffrey Pfeffer) "People don't like people who self-promote. But ironically, even if you self-promote through the mouths of other people, somehow that stigma doesn't get associated with you.  It's much better to have someone else toot your horn." 
 

 

Defenders

Who Are Your Defenders?

 

Powerful and Influential Third-Party Validators Address Key Objectives for Michael Ovitz: (1) Promoting Him as a Trusted Silicon Valley Advisor and (2) Defending Him Against Critics.  Since 1999, Mr. Ovitz developed and nurtured business relationships with Sillcon Valley's movers and shakers.  These people provide and support him with significant third-party validation:

These direct quotes from the aforementioned October 2013 Kaplan-Fortune article highlight how Mr. Ovitz's third-party validators defend and talk him up:


1. Marc Andreesen on Mr. Ovitz role as a trusted advisor to Andreesen Horowitz (Andreesen's venture capital firm):


There are similar tales of Ovitzian assistance around the Valley as he rises again, this time far removed from the lights of show business. At Andreessen Horowitz, the venture capital firm, Ovitz is an in-house mentor on how to build a full-service operation in the mold of Creative Artists Agency, the Hollywood talent monolith he built and ran from 1975 to 1995.

"Michael is the classic kind of entrepreneur that we like up here — he's highly aggressive, he's highly disruptive," says Marc Andreessen, with whom Ovitz has cultivated a relationship since 1999. "Michael's a very close friend of the firm. He's a great friend to have." He's also an investor in the firm, though AH won't say for how much. 

2. Peter Thiel on the C-Level, cross-industry breadth and depth of Mr. Ovitz's business connections:


"Michael can get us in to see any CEO in the U.S.," Thiel says.
 "The Valley has this excessive insularity. But he has cross-sector relationships in New York, L.A., and other places."  Thiel says Ovitz has a preternatural ability to 'learn things quickly and then communicate them to the outside world."

Since the dotcom implosion of the late 1990s, he (Thiel) says, too many new companies in the Valley have 'retrenched,' de-emphasizing relationships with other businesses and institutions.  Consulting Ovitz, whose network Thiel calls 'second to none,' has been a way to overcome that inclination.

3. Peter Thiel, Marc Andreesen, Peter Szulczewski, Joe Lonsdale, and Boris Sofman discuss Mr. Ovitz's critics and detractors:


Says Thiel (Peter): "I've learned to discount bad things said about people by rivals, and I'm not aware of a single bad thing about Ovitz that wasn't said by a rival."

Although Andreessen and others in Ovitz's new circle acknowledge the skepticism, they have different takes on it. Andreessen is the most dismissive of Ovitz doubters and ascribes Ovitz's repute more to the peculiarities of Hollywood than to any of his own faults. "We're used to guys like that here — I mean, Steve Jobs, for God's sake! Or my career, right?" Andreessen says. "That's the cultural difference between Silicon Valley and L.A." Had Intel's Andy Grove or Netscape's Jim Clark made his mark in Hollywood, according to Andreessen, he'd have the same kind of bad-boy name as Ovitz.
Peter Szulczewski of Wish says, "I haven't seen the type of things that people warned me about."
Formation 8's Joe Lonsdale agrees. "People are naturally more cautious because of his history," he says. "But he's (Ovitz) demonstrated awesome value in so many tangible ways to different people that they overlook it. And it's hard to map out what's true and what isn't." Ovitz is a limited partner in Formation 8, with a "small" investment of "under $5 million," as the firm describes it.
"There's a disconnect between a lot of the things written about him and kind of the person we've gotten to know," says Boris Sofman, the CEO and co-founder of Anki, who talks almost daily with Ovitz. Sofman says Ovitz has alluded to his own past by counseling Sofman on what happens when you're successful. "When you lead in your industry," Ovitz told him, "it's easy to start getting vilified, and the tide can turn on you quickly and unexpectedly."
Sofman says Ovitz has no stake in Anki, not even advisory fees. That may merely mean Ovitz hasn't asked yet. Or, as Sofman suggests, it could be that Ovitz really is in it for more than the money. "One of the things he shared with me is he truly loves working with young people," says Sofman, who just turned 30.

 

Closing Thoughts

Your Turn. Okay, you may still be thinking:

  • "I don't have high-profile, high-powered connections like Michael Ovitz …"
  • "Even if I did, how could or why would any of my connections 'talk me up' …"
  • "If I were to ask, wouldn't my connections be offended. It's sleazy to ask for third-party validations  …"

 

Ipad and iphone

Your Third Party Validators Are In The Palm of Your Hand

 

YOU HOLD Multiple Assets and Connections In The Palm of Your Hand.  They're in your laptop hard drive. They're accessible via the keyboards on your laptop, smartphone, or tablet.   

YOU CAN mobilize these connections on your behalf with a few keystrokes or finger swipes. 

YOU HAVE Michael Ovitz-Like Third-Party Validators.  It's all relative. You already know and are connected to influential third-party validators through these online assets and communities:

  • Your Personal Blog
  • Blog Comments on Other Blogs
  • LinkedIn
  • Twitter 
  • Klout

Build Your Relationships with Your Validators by Blogging, Commenting, Connecting, Tweeting, and +K'ing.  I connect with my third party validators on a weekly basis via these online assets and communities.  Several of these kind and generous people are highly influential and powerful in their respective professions.  These wonderful people generously support me as career mentors and allies in my personal branding and online reputation work.

Focusing on building these types of assets and participating in these communities enables you to do two important things:

1. Connect with like-minded people who share your values

2. Build what Dorie Clark refers to as an intellectual property (IP) portfolio 

Let me be candid: 

  • I'm not a rocket scientist (just ask my wife and my 9-year old daughter).
  • I'm not a New York Times, Wall Street Journal, or Amazon.com best-selling book author.

I'm just a regular dude who enjoys:

If I Can Do It, You Can Too.  I'll describe my own experiences on developing and cultivating relationships with my third-party validators in the next post in this series on Reinventing You After Age 50.

Lesson 3B: Developing Validators with Your Personal Branding Online Assets is scheduled for a February 2, 2014 publication.  

If you enjoyed this post, here are links to the series' first two posts:

 

 

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Photo Credit via flickr by World of Good

Photo Credit via flickr by xfile001

Photo Credit via flickr by Joriel "Joz" Jimenez

Photo Credit via flickr by spieri_sf 

 

Lesson 1 of 6: Reinventing You After Age 50 Case Study – Michael Ovitz Proves Status Can Be Taken With You

Mother of Reinvention

Career Reinvention After Age 50 Is Possible

IMPORTANT NOTE: This case study series is a self-initiated interpretation and analysis by me, the blog author.  Dorie Clark and Michael Ovitz were neither consulted nor involved in how I developed the following analysis.

 

Reinventing You Book Image

Reinventing You by Dorie Clark

Do YOU Think You’re Too Old To Reinvent Yourself After Age 50?


Author and frequent Harvard Business Review and Forbes contributor, Dorie Clark would say you’re wrong
.  And, she’s right on the money.

I agree we’re never too old to continuously shape our professional reputations (and portfolios).

Dorie Clark’s book, Reinventing You is one of my favorite MUST-READ business books of 2013.  Reinventing You is a GREAT investment for your professional career.  Dorie’s book is a personal and professional development GIFT.

Reinventing You After Age 50 Case Study: Michael Ovitz

Instead of a traditional book review, I’m applying Dorie’s thoughtful teachings to a successful real-world, high-profile career reinvention after age 50: Michael Ovitz, Owner of Broad Beach Ventures LLC.

Before There was Ari Gold and Klout, There was Michael Ovitz.  Mr. Ovitz personified and defined Hollywood business clout and influence.  For younger Social Media ReInvention Community Members, Michael Ovitz as the co-founder and leader of Creative Arts Agency (CAA) became Hollywood’s most powerful talent agent. Mr. Ovitz was THE Hollywood powerbroker — ask David Letterman.

CAA’s stellar client list and and Ovitz’s unique skills and strategic vision in “packaging” actors, directors, screenwriters, and other CAA talent as “solution offerings” (similar to how management consulting firms position their service capabilities) differentiated CAA and propelled his Hollywood influence.

Today, Mr. Ovitz No Longer Plays Hollywood Power Broker.  From 1995 through 2002, he publicly experienced high-profile, professional setbacks.  To say his detractors and former competitors delighted in these failures is an understatement.

I Admire and Respect Mr. Ovitz’s Resilience in Reinventing Himself.  For the past 11 years, he’s shifted and focused his unique talents, assets, and energy to the technology world. According to David A. Kaplan’s October 2013 Fortune Magazine article, Ovitz Does Silicon Valley, Mr. Ovitz methodically reinvented himself as a top advisor to Silicon Valley technology companies.


Still Think You’re Too Old to Reinvent Yourself After Age 50? 

This post is first in a series of six (6) about successful career reinvention after age 50.

The aforementioned Kaplan-Fortune article provides examples of Michael Ovitz’s latest career.  In this post (and the next five), I will talk about linkages I see from Mr. Ovitz’s reinvention after age 50 to six (6) of Dorie Clark’s Reinventing You principles from Chapter 9: Reintroduce Yourself and Chapter 10: Prove Your Worth.

The bullet point highlighted in blue is the Reinventing You principle analyzed in this post:

  • Status — You Can Take It With You 
  • Shift Your Behavior
  • Develop Validators
  • Leverage Symbolic Actions
  • Go Where The Action Is
  • Building Your Portfolio

 

Lesson 1: Status — You Can Take It With You

 

Halo Effect

The Halo Effect

Maximize the Halo Effect of Your Unique Competive Advantage. In Reinventing You’s Chapter 9, Reintroduce Yourself, Dorie writes about the “halo effect” (as described by Jeffrey Pfeffer, Stanford Graduate School of Business and author of Power: Why Some People Have It–And Others Don’t):

“It’s a psychological phenomenon known as the ‘halo effect.” “If I think you’re good in one domain, I think you’re going to be good in other domains, as well. There’s the presumption that talented people have this set of generalized abilities.”

That ‘durability of reputation’–across both time and situations–makes it essential for you to be strategic about how you’re perceived from day one.  “You need to do something to build a very good reputation, a personal brand, and that will help you not only in your current place but in other places, as well.”

The secret, then is to leverage both your past experiences and the confidence that you’ve derived from your accomplishments.  After all, other people take their cues from you, so when you’re introducing your new brand, assume that others will welcome your contribution.

 

Golden Key

Key to the C-Suite

Michael Ovitz’s Unique, “Halo Effect” Competitive Advantage: CEO and Executive Chairman Level Access Across Multiple Industries.  The Kaplan-Fortune Article describes two examples of how Mr. Ovitz leverages his lifelong business connections and maximizes his former Hollywood mogul / dealmaker / powerbroker status to open C-Suite doors previously closed to young, Silicon Valley entrepreneurs.

 

 

  1. Peter Szulczewski, CEO of Wish.com:  The October 2013 Fortune article describes how Mr. Ovitz assisted Szulczewski when he ran into problems with initially securing the company’s domain name.

The company had an uninspired name, ContextLogic, and its beta website was the forgetable wishwall.me.  Wish.com wasn’t available.

Ovitz saw immediately that the domain name was critical.  “I can help with that!” he (Ovitz) told Szulczewski, and, with his big swinging Rolodex, within weeks tracked down the owner of wish.com.  It was a French subsidiary of Barry Diller’s IAC. Szulczewski handled the actual negotiation — he won’t disclose the price — but Ovitz war-gamed tactics beforehand.

  1. Peter Thiel, Venture Capitalist, PayPal co-founder, and Chairman of Palantir Techologies on the breadth and power of the the Michael Ovitz business network (also from the Kaplan-Fortune article):

“Michael can get us in to see any CEO in the U.S.,” Thiel says. “The Valley has this excessive insularity. But he has cross-sector relationships in New York, L.A., and other places.”  Thiel says Ovitz has a preternatural ability to ‘learn things quickly and then communicate them to the outside world.”

Since the dotcom implosion of the late 1990s, he (Thiel) says, too many new companies in the Valley have ‘retrenched,’ de-emphasizing relationships with other businesses and institutions.  Consulting Ovitz, whose network Thiel calls ‘second to none,’ has been a way to overcome that inclination.

 

Closing Thoughts

More Than a Decade Before Reinventing You’s Publication, Mr. Ovitz Successfully Applied the Book’s Valuable Principles.  His focus, street smart savvy, and resilience are why Michael Ovitz successfully continues “working his magic” after age 50.

During this reinvention period and today, Mr. Ovitz shuns his critics and naysayers.  Tenacity and mental toughness are critical to a successful career reinvention (at any age).

Professional Reinvention After 50 is ABSOLUTELY Possible.  Michael Ovitz proves it. Dorie Clark’s Reinventing You shows us how to do it.

Our Turn.  Here’s a link to the landing page for Dorie’s free, Professional Reinvention Self Assessment.  Let’s take inventory of ourselves and ask:

  • What are our unique competitive advantages?
  • What makes us different from others in our current field (and the new domain we want to break into)?
  • How can we help others, what doors can we open, and who are the unique connections in our business networks so we can maximize our individual halo effects?

Those unique competitive advantages can help us “work our magic.”

Just like Michael Ovitz …

Please stay tuned for the next post in this series on Reinventing You After Age 50. Lesson 2: Shift Your Behavior is scheduled for a Friday, January 17, 2014 publication.

 

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