Wednesday, February 21, 2018

How to Get Time on Your Side

Image result for pink when

strategy+business, Feb. 21, 2018

by Theodore Kinni

The vagaries of time can be bewildering. One day, you drive through heavy traffic as if in a 
perfectly choreographed dance number; the next, it feels as if you’ve entered a demolition derby. One day, you’re brimming with ideas; the next, your creativity well is as dry as Death Valley. Timing is everything, right?

Actually, no. That’s what Daniel Pink declares in the last sentence of his illuminating and often surprising new book, When: The Scientific Secrets of Perfect Timing. “I used to believe that timing is everything,” he writes. “Now I believe that everything is timing.”

What Pink means is that there are predictable oscillations present in the days of our lives, and in individual and group work, that affect the outcomes we are working toward. In When, he argues that we can improve our chances of success in work and life if we simply recognize these oscillations and use them to our advantage. This may seem akin to casting runes, but in his trademark style, Pink supports his thesis with a convincing and nuanced reading — and synthesis — of a wide variety of scientific research.

Much of the research that Pink offers stems from the application of big data and analytics. Take, for instance, the study of 26,000 earnings calls from 2,100 companies over a span of six and a half years conducted by three business professors. They discovered that the tenor of calls and their effects on stock price are related to the hour in which they are held. Calls made first thing in the morning tended to be positive. Call results declined until lunchtime, when there was a small bounce, and then declined again until after the closing bell. (What time is your next earnings call?) Read the rest here

No comments: