There is much talk right now about Yahoo’s demise as an independent company. The Economist said the failure was due, first of all, to “a chronic lack of focus”, never deciding if it was a media company or a technology company. NPR’s “Morning Edition” said Ms. Mayer, the CEO, treated Yahoo more like a think-tank than the sinking ship it really was.
Both diagnoses are probably right. Ms. Mayer got into the deep weeds when she insisted on reading the resume of every person Yahoo considered hiring, and needing to OK each one. Being Yahoo’s CEO in 2012 was a job that required creating a big-picture view of what Yahoo’s success would look like and leading people toward that future. But Ms. Mayer was more interested in listening to everybody and collecting their ideas than focusing on saving Yahoo. Then she got swept up in the part of the business – media content – that is “fun but will never turn a profit”, as NPR said.
Her listening tour when she began the job might have been good preparation for a Closure Conversation: “Here’s where we are now. Here’s what has worked and what hasn’t. You people are terrific! Now we are going to make some changes in what Yahoo is all about.”
A Closure Conversation is a necessary setup for an Initiative Conversation – and that is the conversation that was missing from Ms. Mayer’s repertoire. She could have opened a conversation to create a future: “Here’s where we are going, here’s our new mission, vision, and purpose (MVP), and here are our top-line goals for the next 3-2- 1 years.” She didn’t do that. She “listened”, read resumes, and collected ideas.
A clear Initiative Conversation creates a well-defined future that can be further developed with an Understanding Conversation: “What is missing missing now, for us to reach our goals? Where are our key resources? What are the most important actions, results and timelines for success? Who else should be working on this with us on these things?” And then, of course, people can have Performance Conversations, getting into action to make that future real with agreements for producing results.
I don’t mean to suggest that I would have wanted a shot at doing Ms. Mayer’s job – I would not. But I do know that without a clear objective pointing people toward a goal, there is no game. Collecting ideas and reading resumes does not create a game that will harnesses talent and energy to produce results. People need to know what success might look like, and to locate the target so they can align their efforts for a worthwhile accomplishment.
My take-away? I really do see, out of this example, how easy it is to pay attention to the beauty of the trees and forget about paying close attention to the forest. It is a good reminder as I set about my next project.