Chapter 1: Employment in the Networked Age
• The fundamental disconnect of modern employment: the employer-employee relationship is based on a dishonest conversation
• The goal of The Alliance is to provide a framework for moving from a transactional to a relation approach. Think of employment as an alliance: a mutually beneficial deal, with explicit terms, between independent players.
• Reed Hastings, CEO of Netflix: "We're a team, not a family" "Which of my people, if they me they were leaving for a similar job at a peer company, would I fight hard to keep at Nexflix? The other people should get a generous severance now so we can open a slot to try to find a star for that role."
• The idea of a sports team defines how we work together, and toward what purpose, but the idea of a family still has relevance because it defines how we treat each other -- with compassion, appreciation, and respect.
Chapter 2: Tours of Duty
• The phrase tour of duty comes from the military, where it refers to a single specific assignment or deployment: focus on accomplishing a specific, finite mission.
• Employees don't need your permission to switch companies, and if you try to assert that right, they'll simply make their move behind your back.
• Types of tours:
• Rotational: Structured program of finite duration, usually aimed at entry-level employees. The purpose is to allow both parties to assess the potential long-term fit between employer and employee.
• Transformational: The focus is less on a fixed time period and more on the completion of a specific mission. Employees will have the opportunity to transform both their career and the company.
• Foundational: The company has become the foundation of the person's career and even life, and the employee has become one of the foundations of the company.
• Every employee relationship should be bidirectional in nature; it should be clear how the employee benefits and how the employer benefits.
Chapter 3: Building Alignment in a Tour of Duty
It is likely that employees will not spend their entire life at your company anymore. As a result,alignment in this context means that managers/employees should explicitly seek and highlight the commonality between the company's purpose and the employee's career purpose and values. In other words, seek for mutually beneficial experiences that will provide value to both parties.
• Your task is to build alignment with regard to the employee's specific mission objective, not their entire life.
• Who do you look at and say, "I want to be her someday?"
• If you find a colleague has a difficult time articulating their values: ask a colleague to jot down the names of three people they admire. Then, next to each name, list three qualities they most admire about each person (nine total). Finally, rank these qualities in order of importance.
• "Far and away the best prize that life has to offer is the chance to work hard at work worth doing" - Theodore Roosevelt
• Interview Question: Tell me in three to five minutes your life's journey and how it led you to be the person you are today... touching on major moments in your life that helped define who you are and your approach to business and leadership, such as dealign with adverse experiences like a bully, the death of a loved one, or major decisions that went wrong." Interestingly, when used as an interview question, the interviewer goes first to set the example and to model vulnerability for the candidate.
Chapter 4: Implementing Transformational Tours of Duty
The goal is to select a mission objective that helps the company, but also provides an opportunity for the employee to grow.
• At LinkedIn, for example, managers ask, "How will the company be transformed by this employee?"
• Losing a valued employee is one of a manager's greatest fears. But it happens, and for many valid reasons. No company has ever been able to retain all of its top performers in perpetuity.
• The alliance is ethical, not legal, and the tour of duty is an informal agreement to respect and honor a key relationship.
• The great management theorist Peter Drucker put it best when he wrote, "What gets measured, gets managed." If you carefully manage leading indicators such as mission alignment, an employee's ability to gather network intelligence, or general satisfaction during tours of duty check-ins, you'll successfully manage lagging indicators such as employee retention or engagement.
Chapter 5: Employee Network Intelligence
Employees are invaluable resources to bring customer and market intelligence back into the product team and ultimately to make better products. The intelligence leveraged by your organization's people is the most effective way for your organization to engage with and learn from the outside world.
• "The most meaningful way to differentiate your company from your competition, the best way to put distance between you and the crowd, is to do an outstanding job with information. How you gather, manage, and use information will determine whether you win or lose." Bill Gates
• When faced with a difficult problem, our natural tendency is to assemble all of the smartest people into a room. But you can't rely on the information circulating in the brains of your current employees. There are more smart people outside your company than inside it.
• An individual's career accelerates with the strength of his or her network - I^We
• Great story about how employee network intelligence about how PayPal employees learned the strategy of their competitors. Billpoint, a competitor, believed that a deep banking relationship with Wells Fargo provided an overwhelming advantage over PayPal. Contrary to Billpoint's belief, companies and users on eBay did not consider a deep banking relationship relevant. They placed far greater value on ease of use, especially in email communications. Never heard of Billpoint, that's because eBay won.
• Network intelligence should be tapped ethically - no need for costumes, dumpster diving, fake email accounts.
• During PayPal's direct conversations with folks at Billpoint, never did Billpoint employees stop to ask the same questions to PayPal's employees: How they viewed the market.
Chapter 6: Implementing Network Intelligence
• Many companies, especially public ones, expend their precious energy playing defense, trying to keep their employees from spilling the beans.
• Here are some questions to ask:
• How is a key technology trend (e.g., "Big Data") shaping our industry?
• What are other companies (and competitors) doing that's working or not working?
• What are our customers' sentiments, what is motivating them, and how have they changed?
• Who are the key people in our industry that we should engage with?
• What are the hiring trends in our industry?
• Who are the new entrants in the marketplace and which of them are doing interesting things?
• Social strategy: Social media engagement can translate into bottom line rules. For example, the average HubSpot employee has 6.2 times the number of connections than the average LinkedIn member, and those employees share, comment, or like updates at eight times the average rate.
• Interesting person fund: money earmarked for coffees and meals with interesting people in their network.
• HubSpot's Learning Meals: enable's employees to take anyone out for a meal as long as the employee thinks they'll learn something. LinkedIn has a similar policy.
• Mox, a Seattle-based marketing software start-up, encourages its employees to engage in speaking opportunities. If you get a speaking spot at an event, Moz will cover the travel and accommodations.
• At LinkedIn, employees can use any room, space, or facility on the corporate campus for any external group. *If you're not actively taking what employees learn from their networks and brining that knowledge back into the company to help solve challenges, its as if you're flying millions of miles a year without bothering to attach your frequent flyer number to the reservations.
Chapter 7: Corporate Alumni Networks
• LinkedIn, Tesla, YouTube, Yelp, Yammer, SpaceX. What do all of these companies have in common? All of these companies were founded by alumni from PayPal.
• When you launch an alumni network, the precise return is hard to measure, and might not show up for years. Just as uncertainty doesn't equal risky, unpredictably doesn't equal low value.
• "dig the well before you get thirsty" i.e., Why wait until you have a dire need before you develop a skill? Why wait until you are riddled with disease before you begin looking after your health? Why wait until you find yourself penniless before you begin to build a part-time income? Why wait until you find yourself without friends before you learn networking skills?
• You cannot wait until you are thirsty to begin digging a well
• If you do, you will likely die of thirst before you get the water you need
• You must prepare ahead of time, before the need arises
Chapter 8: Implementing an Alumni Network
• Lifetime employment is out, but lifetime alliance is in.
Conclusion:
• A business without long-term thinking is a business that's unable to invest in the future. A business without long-term thinking is a business that's unable to invest in the future. And a business that isn't investing in tomorrow's opportunities and technologies is a company already in the process of dying.
There were three central themes to the book: 1) tours of duty 2) employee network intelligence 3) alumni networks
Many companies are not intentionally about their employees careers and values and thus when a new opportunity comes along, the employee will make the change. With the understanding that employees will not work at one place forever, it is to the benefit of companies to make alliances with employees during their tenure and afterwards. To promote alliances, the book discusses three specific types of "tours of duties" or purposeful missions: rotational (new employees), transformational (personal and company growth), and rotational (long-term investment). For moral of the story is to be intentional, honest, and opportunistic with employees’ careers and values. Otherwise, in a networked age, employees will leave at the first opportunity of a "tour of duty" somewhere else.
Perhaps a cross section between social engineering and customer development, employee network intelligence is a way of leveraging the knowledge that the vast network that your employees have. Not leveraging this knowledge intentionally is like flying 250,000 miles in a year and failing to enter in a frequent flier number.