Review of Daniel Pink’s new book, When: The Scientific Secrets of Perfect Timing

Review of Daniel Pink’s new book, When: The Scientific Secrets of Perfect Timing
by Kevin Smith

After hearing Daniel Pink as a guest on a podcast recently, I bought his new book When. Now, I’m not a rush-out-and-buy-a-new-book kind of guy. I’m a cheapskate from way back and I’m comfortable on the library waiting list for a while. There’s always plenty on my table to read. But the way Pink talked about this material struck a chord with me. The subtitle of the book is: The Scientific Secrets of Perfect Timing. As a consultant who works at home alone, I’m more than happy to tell you that I am fully in charge of my own schedule and I attend very few meetings. It works for me, but it’s not for everyone. One of my challenges is how to orient my day in order to be most effective. Busy isn’t the issue. Effective is the issue. The stories that Pink began describing about what he found sounded incredibly helpful. I think it will be, but it’s too early to tell.

Pink digs into the research of timing in a variety of interesting ways:

  • “The Hidden Pattern of Everyday Life.” The best time of day to tackle certain tasks. (The answer of course is “it depends” but it’s not the copout that it sounds like. It’s simply a more nuanced answer.)
  • “The Power of Breaks.”
  • The influence of “Beginnings, Endings and In Between”, for days, events, meetings, lives etc.
  • “Synching and Thinking.” How to synch groups and get your ideal “when” together.
  • And more.

Are You Doing Enough to Onboard Your Directors and Committee Members?

The Spotting of an Extremely Rare Event: A Full-Day Onboarding Event
by Kevin Smith

I recently had the privilege to be part of something I’ve found pretty rare in my time working with credit union boards and supervisory committees: A full-day onboarding event. And … it made no pretense about being comprehensive. The fresh meat … er … I mean, the rookie members got the clear message that the full day of onboarding and training was not meant to cover everything, and they were enthusiastic about this fact and theyunderstood. This event had little to do with where the coffee is kept, how to access email and set up the new iPad. It had nothing to do with the schedule for the year, or where the strategic planning session will be held this year. The agenda called for a thorough review of duties and responsibilities, for best practices in communications between the supervisory committee and the board, for governance best practices. Deep stuff!

This all begs the questions:

  • Why is this rare? (And if you want to argue with me about the fact that it’s rare, bring it on.)
  • Are you doing enough as a board, as a committee to make sure you’re all up to speed and, more importantly, on the same page, and functioning as an actual team.

Does your CEO Feel Safe Enough to Admit Failures?

Does your CEO Feel Safe Enough to Admit Failures?
(Psychological Safety and the Board/CEO as Team)
By Tim Harrington & Kevin Smith

It sounds kinda weird to say that we hope the CEO of your credit union fails. But in a way, it’s true. (We’ll qualify this. I swear.) More importantly for credit union board members: Does your CEO feel confident and safe enough to readily share any failures with you?  A few weeks ago we wrote about Google’s research into what makes teams perform at the highest level. The number one indicator: psychological safety, the ability to be vulnerable and know that this would not be used against you by the other team members. Does your board and CEO operate at this level? You are a team after all.

Here are two scenarios that we see as radically different:

1. The board asks the CEO to report on the progress of strategic project X. The CEO responds saying it will take some time to gather data to adequately address that project. He/She requests that this be an agenda item for next month’s board meeting. At reporting time there are a flurry of statistics, qualifications, points of context and a lot of use of the passive voice (i.e. “assumptions were made,” “benchmarks were missed,” “due diligence was done”).
2. The CEO calls the board chair and says, “I need to give you an update on strategic project X. We missed the benchmarks and a few things have gone wrong. I don’t want you to have any surprises. I will update the rest of the board more thoroughly at the next board meeting. In the meantime, can you give them a heads up and send them my way if they have any questions?”

Both of these are reports on a failure. The tone of the two are polar opposite. In scenario 1, the CEO comes off as defensive, covering tracks, diverting blame, delaying accountability, etc. In scenario 2, the CEO is proactively addressing the issue, before being asked, in plain language and leaving the door open for further information which is a higher level of transparency. Which one of these two CEOs has the trust of the board, and vice versa?

The Board and Supervisory Committee Dynamic

Creating A Good Board/Supervisory Committee Dynamic
By Tim Harrington & Kevin Smith

What does it mean to have a healthy relationship or dynamic between the board and the supervisory committee? We suppose that’s probably as unique as your organization and as individual as your members. That means that there’s no one “right” answer to this.

Kevin and I were recently facilitating a two-day governance workshop and this issue came up. We didn’t end up with a great deal of time to talk it through (as we had a litany of items to talk about), but it did get us to thinking about this as an issue.

Google Research & the Quality Most Important to Team Success

By Tim Harrington & Kevin Smith

So … Google thinks it know what the most important qualities are for team success. Well, of course they do. They’re Google. Don’t they know everything these days? Or at least they know how to find it.

Most of the work done at Google is done in teams. That’s also true for many of us. And of course, it’s hugely important to know how to make sure that teams are as effective as possible. There are entire industries built around figuring this out. Google set out to find the answers (Here’s the original article). Here’s some of what they found.

The most important trait for team success … (drumroll, please) – psychological safety for the team members. The comfort and trust in the team setting to weigh in, to brainstorm without fear, to point out potential problems to superiors without fear of retribution, and ability to act in the best interest of the goal, rather than navigating the personalities (or office politics) of the team.

Here’s how they put it:
Psychological safety: refers to an individual’s perception of the consequences of taking an interpersonal risk or a belief that a team is safe for risk taking in the face of being seen as ignorant, incompetent, negative, or disruptive. In a team with high psychological safety, teammates feel safe to take risks around their team members. They feel confident that no one on the team will embarrass or punish anyone else for admitting a mistake, asking a question, or offering a new idea.

But before we go further, just what do they mean by “effective”? That can be a loaded idea, where everyone thinks they understand it, but all of the definitions are different. The researchers measured team effectiveness in four different ways:

  1. Executive evaluation of the team
  2. Team leader evaluation of the team
  3. Team member evaluation of the team
  4. Sales performance against quarterly quota

The Five Most Important Qualities for Team Effectiveness:

Psychological Safety – Team members feel safe to take risks and be vulnerable in front of each other.
Dependability – Team members get things done on time and meet Google’s high bar for excellence.
Structure & Clarity – Team members have clear roles, plans, and goals.
Meaning – Work is personally important to team members.
Impact – Team members think their work matters and creates change.

The researchers also discovered which variables were not significantly connected with team effectiveness at Google:

  • Colocation of teammates (sitting together in the same office)
  • Consensus-driven decision making
  • Extroversion of team members
  • Individual performance of team members
  • Workload size
    (Also very interesting, wouldn’t you agree? Some long held assumptions shot right down here. More on that at a later date.)

The most important qualities reported here line up to us in a nice way with Lencioni’s Five Dysfunctions of a Team, which we’ve found enormously helpful in our work, particularly in the areas of trust and accountability. At the same time, it seems like it’s opening a whole new can of challenging worms.

This idea of psychological safety could be a game-changer for so many organizations. We’ve seen an awful lot of folks who give plenty of lip service to this idea, but who don’t actually follow through on it in a meaningful way for one reason or another. Perhaps because one or more senior people don’t really buy it, or because people didn’t really treat it as that TOP MOST IMPORTANT element that makes a team effective, as Google has found. Many treat it as a nice to have, not a MUST have, or top priority as this research suggests.

In light of this research, will you do a hard look in the mirror to find out if your teams create true psychological safety in order to have a higher level of success and effectiveness? Are you willing to invest in this kind of culture at your organization in order to make this happen? Because that’s what it will take – investment. We’re not talking about cash, but time, energy, and authenticity to create this kind of safe environment. Too often, we see cultures that are defensive and a high level of CYA (i.e. the opposite of psychological safety). A good culture of trust doesn’t just happen overnight; it is fostered and nurtured continuously when senior leadership values it. And now the Google research has reinforced what that can yield. Will this be the year that you make an impact on your culture? I mean … we generally trust Google to have the answers, don’t we?

Credit Union Strategic Governance Basics by TEAM Resources

Hey Credit Union Friends!

We are thrilled to announce the newest publication from TEAM Resources: A Credit Union Guide to Strategic Governance, by Tim Harrington and Kevin Smith. This book has been long in the works, developed around the strategic governance philosophy that Tim and Kevin have been presenting to audiences over the years and now coming in book form. We anticipate the book to be available in December of this year. (It’s at the designers!)

You can preorder the book now and save $. Click here to order! 

In the meantime, to promote the TEAM Resources Strategic Governance approach, TEAM Resources is offering a free webinar on Monday, December 11 (1:00 PM – 1:45 PM CST).

In this webinar Kevin Smith will provide an overview of the TEAM Resources Strategic Governance approach as developed by Tim Harrington, CPA and Kevin Smith. You will get an overview of the evolution of governance issues for credit unions, hear the basic steps of Strategic Governance (i.e. what to do, and what to stop doing), learn how to maintain proper oversight, and develop an approach to maintaining a strategic approach via policy.

To register for this webinar, click here.

And please share this will all of your credit union friends!

Tim and Kevin

What Credit Union Directors Should Look for in a Board Portal

by Kevin Smith, TEAM Resources

Recently I had the opportunity to spend some time with a 100+ credit union board members and volunteers thanks to Terri Murphy and the New York Credit Union Association. During a discussion of best practices the use of board portals came up and there were quite a few questions. So I thought this might be a good opportunity to relay those questions along with the “wisdom of the room” that came together.

First, let me say, I’m not exactly an expert at this technology. But over the years I have reviewed quite a number of the products available out there as professional research. And at onepoint I was offered a job by one of the (clearly savvy) providers in the market. I do know many of the features, and the things that I like and don’t like. In fact, I’m a supervisory committee member with a Madison credit union using such technology. I have also gathered anecdotal information from a range of volunteers along the way. So take that for what it’s worth – a relevant and informed opinion that is not coming from a provider’s sales team.

Extra Steps When you Have Time … are Okay?

by Kevin Smith, Publisher, TEAM Resources

On a recent trip to a credit union event, I was actually surprised by an airline customer service effort that was positive. (I know, right?) It wasn’t a big thing, but it was enough to make me notice and jot a note. The airlines aren’t getting a lot of good press these days for their customer service. And I’ve certainly gotten my share of “meh” service over the last couple of years.

For example, last spring I got to fly over my destination … twice … over an eight-hour period … without actually getting to land there because of weather. So, I never actually got to where I needed to go. I missed the event. But I also didn’t get the miles towards my loyalty program status, presumably because I never landed there. There’s not much the airline can do about weather issues, but I did feel doubly disappointed when I didn’t even get credit for my own efforts. Jeez.

Ok, moving on to the better story. (I can’t seem to let the miles thing go.)

You’ve Got the Right to Fight: Healthy dissent in the boardroom leads to better outcomes for your CU.

by Kevin Smith, Publisher, TEAM Resources
(A version of this post was originally published in the July CUNA Directors Newsletter.)

I’m here to start an argument. There. I said it. I mean it.

What I’d like to see is more arguing among credit union board members. What I am seeing is a bit too much harmony for my taste. And no, this isn’t about shadenfreude (no matter how much I like to say that word). This is about board engagement, and avoiding complacency. In general, I’m seeing and hearing about too much complacency.

Now, don’t get me wrong. Harmony on a board of directors is a good thing, to be fostered and cultivated. But if there are only unanimous votes, too much harmony, too much kumbaya … that’s a red flag for me. It usually means there isn’t enough thought going into the discussions and material at hand.

The Importance of Strategic Planning for Small Credit Unions

The Good, the Mediocre, & the Stopped

by Tim Harrington and Kevin Smith (originally published as an article in

There’s a common belief in credit union land that you have to be over $500 million in assets to survive, some even say $1 billion. We say, “That’s a bunch of hooey!” Small credit unions can survive. But to do so, you must specialize. When your entire credit union is the size of a big bank’s individual branches, you can’t take them head on. So what do you do? Specialize and Thrive!

To do this, small credit unions must place greater importance on their strategic planning efforts. It would be a tremendous benefit to them and to the credit union movement. There are 4234 credit unions in the U.S. under $100 million in assets. That’s out of 5785 total credit unions (as of this posting) or 73% of all credit unions. That’s a lot. (“No kidding,” you say).