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The Future Of Mentorship In An Age Of Entrepreneurs | Do your people have what they need?

The Future Of Mentorship In An Age Of Entrepreneurs

BY MAYNARD WEBB
DECEMBER 13, 2012

If mentor-protege relationships have gone the way of the mainframe computer, where does that leave those of us who seek guidance?

Once upon a time, mentors and coaches were assigned to employees. Workers were given a very clear road map to follow, and the definitions of success were clear (even if some of them were crazy).

This kind of defined structure scarcely exists anymore, for a few reasons. Employee tenure has consistently become shorter, which makes getting advice or help from one’s company less practical than ever. In addition, middle management has been slashed, and there are fewer folks with enough bandwidth to help. Competition is fierce, and in some cases, people worry about training their own replacement, someone the company may view as newer and less expensive. With people concerned about making themselves redundant, there’s no longer an opportunity to receive years of coaching from one boss. This shift away from internal coaching is only going to be exacerbated by further shrinkages in employee tenure, and location will matter less as more people work remotely and become more entrepreneurial (either starting their own companies or becoming freelancers). Also, mentoring seldom exists at under-resourced, fast-paced startups.

Where does this leave us? Jim Billington presciently wrote in 1997 that “the traditional mentor-protégé relationship has gone the way of the mainframe computer–while it hasn’t completely disappeared, it isn’t nearly as common as it used to be. Reengineering, flatter organizations, and a lack of gray-haired senior vice presidents have all contributed to the decline.” Now, more than fifteen years later, in the age of iPad and tablets, the mainframe has disappeared, and the mentor-protégé relationship has gone with it.

We have to acknowledge that in the Age of Entrepreneurship, the onus of personal and professional development is on the individual, not on the company. I hope that instead of fearing this new responsibility, you’ll see the many benefits it brings.

One of the most crucial improvements is that it eradicates the inherent conflict of interest that comes from getting advice from your employer. There are very few mentors within your company who are actively committed to having you consider extending your career outside of their company (especially if you are a star performer). You can understand why: there are never enough of the best resources on hand, and it would take a very selfless leader to be willing to lose a great talent.

Employees are aware that the system doesn’t work. In a 2007 interactive poll by the Human Capital Institute about the business value of coaching or mentoring programs, participants were asked, “How effective is your organization in evaluating the business impact of coaching?” Sixty-six percent of respondents answered “not effective,” 32 percent said “moderately effective,” and 0 percent replied “very effective.” It’s like the mainframe: it’s outdated technology.

Mentoring 101 for Individuals

  • Be open and welcoming to the concept of mentoring and coaching.
  • Accept whatever help is available from your company.
  • Solicit help from outside your company (ideally from trusted and knowledgeable sources).
  • Develop a robust network that helps challenge and educate you about the possibilities that exist.
  • Be willing to give advice and help to others.
  • Understand that the way to access the best opportunities is to continue to execute on your current ones. Remember that you need to be voted on to the team every day.

In the last decade, the social networking trend was born. Maintaining your own personal networks is much easier than ever before–even more so, it’s becoming mandatory, as the people who do this well gain a significant advantage. Today, it’s possible to access almost anyone, and that introduces incredible opportunities to build networks that can enable your career. This external board of advisers can offer insight, direction, and introductions. These mentors can make a tremendous impact on your career and your life. 

So how do you nurture your network?

  • Find the best mentors. Who does your current job–or the job you want–well? Read industry publications and websites and blogs to identify the best people in your field. Search Google. Find them on LinkedIn. Connect with them on a mentoring matching service. What is their magic? Create a database of who they are, what they’ve accomplished, and what you can learn from them.
  • Seek advice from the best people. (Don’t be shy. Reach out.) People love to mentor, help, and coach. Ask your mentors what success looks like to them. Ask them what they think has made them successful. Ask them to share their story. (People love talking about themselves.)
  • Bring value to the network. Ask what you can do to help your mentors. You may have assets they need. Don’t be a pest, but do send a relevant article or a post they might find interesting, or promote their work to your network. Social media tools make this easier than ever.
  • Ask questions. This will give you the best education.

Much has been researched and written about the value of mentors at work. The relationship produces results: a large body of research demonstrates that when looking at career mentoring in terms of objective career success, better mentoring resulted in greater compensation, greater salary growth, and more promotions. In addition, people benefit personally. Other studies have found that people were more clear about their “professional identity,” meaning their unique talents and contributions at work as well as their personal values, strengths, and weaknesses. Perhaps this is one of the reasons why the existence of a formal mentoring program is now a criterion against which the “Best Companies to Work For” are judged. 

Mentoring 101 for Companies

  • If you don’t have formal mentoring practices in place, implement them. Explore services like Menttium, which businesses use to provide mentors to employees.
  • Expand your view of career development beyond your company’s boundaries. For example, Bain & Company, a management consulting firm, has an excellent “externship” program in which consultants leave Bain to embark on a six-month working engagement at a company of their choice and then return to Bain. For employees, it’s a low-risk way to gain experience in another company or role that interests them; for the company, it’s a way to keep their best talent learning, challenged, tackling new experiences in new industries, and building specializations that they bring back to the company.
  • Differentiate from other employers by truly putting the employee’s career interests first.
  • Understand that the best way to keep top employees is to ensure that they keep learning, growing, and being challenged. As an employer, you should operate as though your employees were deciding every day which company to join.

Find more mentorship advice in the daily Fast Company newsletter. 

Excerpted with permission from the publisher, Wiley, from Rebooting Work: Transform How You Work in the Age of Entrepreneurship by Maynard Webb. Copyright 2013.

–Maynard Webb is the founder of the Webb Investment Network, a seed investment firm dedicated to nurturing entrepreneurs. Webb is currently the chairman (and was formerly the CEO) of LiveOps, a cloud-based call center with a community of 20,000 agents, and a board member at both salesforce.com and Yahoo!. He was previously COO of eBay.

[Image: Flickr user Risto Kuulasma

 

The Future Of Mentorship In An Age Of Entrepreneurs | Fast Company.

2012 in review – Thank you to everyone that visited Verto Laurus last year.

The WordPress.com stats helper monkeys prepared a 2012 annual report for this blog.

Here’s an excerpt:

600 people reached the top of Mt. Everest in 2012. This blog got about 2,700 views in 2012. If every person who reached the top of Mt. Everest viewed this blog, it would have taken 5 years to get that many views.

Click here to see the complete report.

The 20-Minute Exercise To Eradicate Negative Thinking

Leading Through The Power Of Persuasion

By Charlotte Beers

November 8, 2012

Sweeping people up into an idea is a wonderful experience, and the best leaders use six tools to do that effectively. Charlotte Beers, former CEO of Ogilvy & Mather, reveals compelling ways to get people on board and enthused about your ideas–even if the odds are stacked against you.

Taking part in the adventure of persuading others, sweeping them up into an idea, an unexpected action or an unproven vision, is a wonderful experience. The ability to create excitement all around you is what leadership is about. Listen to the sound of leadership; it is you being eloquent, powerful, convincing, compelling, and forceful. It is not for the faint of heart, but the outcome is inevitable if you care enough to ignite a spark, which will grow into a flame.

Leading through persuasion is a form of communicating that must be learned. In fact, it has to be learned, for if you can’t persuade or convince others, you cannot lead. It helps to focus on the response you hope to evoke rather than just what you want to say as a way to counter your own reluctance to ask others to change. Of course, laying out the response you want is a central part of good communication, but in the goal of leading others, you are also always after one very specific response: “I never thought of it that way.”

To elicit an “I never thought of it that way” response, you must be prepared to express your own excitement, your keenness, the leaps you’ve made from logic to an imaginative new proposition, the size of which is yet unknown.

What new tools can you use to persuade others, to change people’s minds? Imaginary flights, hyperbolic language, music, drum rolls? Well, maybe. But there are higher forms of communicating you are can master.

You are not trying to sway people against their will but to offer them a chance to see things anew. To create change, to invent a new future, you have to be vulnerable, to show passion and belief in an unproven idea, and to risk failure by pursuing it. You, the initiator, have to find a delivery style that allows you to communicate your conviction in a compelling, inescapable way.

Tools That Help You Lead When your goal is to have more impact, when the force of your presentation will alter things, you have to deliver your message with such a high degree of fervor that it overwhelms your audience’s resistance. You may need to deflect skepticism, shake away reluctance to embrace a new idea, or break through indifference. In order of ascending artistry, here’s a list of tools that I’ve seen leaders use to carry the flame:

  • Threats or consequences
  • Passion, pathos
  • Humor, wit
  • Imperfection
  • Surprise
  • Wonder

Here is how each can be used to persuade: Threats or Consequences Inertia or complacency can be converted into action by force, threat, or intimidation. This is why every enterprise has a bully or two. As a manager in a team, the agreed goals are usually incentive enough to get things going. But if someone falls behind or a faction resists, then you need to find a way of  stepping out of the team and taking the lead. You may find this shocking, but a common technique for taking the lead is to be threatening; to ramp up the urgency of what’s at stake so the laggards get in line. Many men rather admire a terrorizing boss because they see the boss’s bullying as proof of his belief and fervor, which they respect. They probably feel like they’ve just switched from their football coach to their business coach.

 

But, you need to develop your own unique way of exercising your certain authority.  Once you’ve mastered speaking clearly about serious consequences, you won’t have to bluff or threaten to be a supplicant to convince others you mean business.

Passion, Pathos A story from the heart told well can change the response of everyone listening.  It’s persuasive because it is genuine.

Soldiers are not known for using pathos or evocative language, but consider how Colin Powell turned a hostile, cynical audience into a deeply appreciative one. In 2003, as our secretary of state, he spoke at Davos, Switzerland, to the World Economic Forum in a crowd that included a lot of people who were suspicious about the United States. He was greeted with respect and modest applause after his remarks, but the pending U.S. invasion of Iraq and our war in Afghanistan were controversial. There were heated discussions by the many religious, business, and political leaders assembled, and Secretary Powell was asked why the United States relied on hard power (military) versus soft power (diplomatic programs and dialogue). He paused to consider the question and then spoke from the heart, with the authenticity of a soldier stepping out of his role as a statesman.

“I have been a soldier for 35 years,” he began. “It was not soft power that freed Europe in World War II. For the last hundred years, when the U.S. has sent our young men and women forth to fight in other countries, many lives have been lost. Not once did we ask for treasure or land. We asked only for the ground to bury them in.”

A venture capitalist friend of mine was there. He reported, “It was as though all the hard edges in the room and the tight faces softened–you could feel the change.”

Speaking with passion born of your own authentic experience and belief is always persuasive.

Humor and Wit You don’t always have to heavy up on earnestness just to prove you care.  You can use humor or a surprise to reveal a fresh perspective.

Humor is the most disarming ingredient for leavening the seriousness of work. I urge you to consider any avenue to humor that you can handle. Creative enterprises of any sort put a huge premium on humor because humor’s cousins, irreverence and outrageousness, are great goads to opening up “I never thought of it that way” responses. Humor is similar to the way creative departments in ad agencies use music. Anything that is too emotional to say, a deeply felt promise, a personal revelation, can always be sung. When it’s put to music, it can be heard. Humor is a carrier like that.

Imperfection Perfection, in the form of a flawless stream of words delivered with cool composure, is never as persuasive as realness.  An impassioned but imperfect speech, which shows you care too much to hide flaws, is far more compelling.

Surprises Every chance you get, introduce the unexpected, an element of surprise. A refreshing slap of surprise runs through many of the successful ways there are to persuade others toward change and to cause an audience to respond more openly.  Think of all the possible responses you can receive from your endless interactions with people, which unfortunately include lack of attention, distraction, and cynicism.  These can be interrupted by a jolt, a surprise.

Wonder You can break down a mountain of indifference by learning how to communicate in a breakthrough way. The ability to say what you mean in its leanest form dramatically improves your chances of luring distracted audiences from ambient noise and the hypnotic draw of their messages and e-mails. But there are even bigger rewards if you can evoke wonder.

It’s an unusual response, more of an occasional feat than an everyday exercise. The kind of wonder I’m talking about contains an element of surprise, too. It is an important talent to be able to surprise people into wonder, as they often spend their whole working day trying to dodge unpleasant surprises. A good surprise is a welcome break.

Here’s a way to practice being drop-dead persuasive. Set as your goal (for a meeting, phone call, or presentation) that you will instill wonder to such a degree that your listeners respond, “Hey, I never thought of it that way.”

Do you hear the wonder in this reaction? In revealing to your audiences what you feel strongly about in a lean memorable way, you are asking for nothing less than a transformation of their thinking or behavior. Transformations inspire wonder.

For the people in my who have learned to present themselves on a bigger canvas, the response they received when they returned to work fiercer and braver, was one of wonder. “What happened to Jen?” or “Joe is on fire,” bosses report back.

With every step you take to be clear about your own place at work and in every opportunity you seize to claim that place, you can become clear and communicate memorably and become more of a leader. Such clarity is surprising and often impressive. Speaking passionately from the very center of who you are is compelling, forceful, persuasive: that’s what leadership sounds like.

–Charlotte Beers is the former chairman and CEO of Ogilvy & Mather Worldwide; from 2001-2003, she was the Undersecretary for Public Diplomacy and Public Affairs, reporting to Secretary of State Colin Powell. This piece is adapted from her recent book, I’d Rather Be in Charge.

[Image: Flickr user Kristina]

 

The 20-Minute Exercise To Eradicate Negative Thinking

The 20-Minute Exercise To Eradicate Negative Thinking

By Kaihan Krippendorff

November 15, 2012

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Belief is contagious. It wins supporters. It’s self-fulfilling. Here’s how to get there when nagging, negative thoughts are holding you back.

                            

After a flurry of emails in response to my blog post on passion, I reached a disheartening realization: Passion is useless if you don’t already believe.

You see, what we can achieve is limited by what we believe. Henry Ford knew this: “Whether you think you can or you think you can’t, you are right.”

So here I was, passionately committed to become the world-class business guru, best-selling author, the speaker who fills stadiums. And yet there was voice telling me, “You can’t do it. Keep trying, trying is fun, but in the end you will fail.”

You’ve probably heard that voice as well.

I’m making progress–my book sales are accelerating, my keynote audiences are growing, and I’m sharing the stage with people like Jack Welch and Robin Sharma–but in the back of my mind the voice pulls the reins: “You can’t do it.”

Great “outthinkers” seem to overcome this voice. Their belief matches their passion. Napoleon believed he was the greatest general of his time and so he was. Steve Jobs believed his people could achieve the impossible, so they did. Richard Branson believed he could win against British Airways, and so he won, even though every airline that tried over the prior three decades failed.

Belief is contagious. It wins supporters. It’s self-fulfilling. As Harvard professor Rosebeth Moss Kanter shows in her book Confidence, the belief you can win creates momentum which improves your chances of winning.

So what do you do when you don’t believe?

Over the past four weeks, I’ve studied books and articles, interviewed entrepreneurs and experts, then assembled it all for you in a simple framework with which you can systematically attack whatever belief is holding you down. Give me 20 minutes. This works.

Fundamentals

1. Beliefs aren’t real. They are mental maps, abstractions of reality, that help us predict a complex world. My son believes good batteries must be cold because I keep ours in the freezer. He believes Santa Claus rides a sleigh.

2. Four anchors form our beliefs (For more, read Why We Believe What We Believe by Andrew Newberg and Mark Robert Waldman).

  • Evidence: Something happens (e.g., gifts appear one morning and my mom says they are from Santa Claus)
  • Logic: It makes sense, more specifically, it is consistent with our other beliefs (e.g., gifts can’t just appear out of nowhere, my mom and dad were asleep…it must have been Santa)
  • Emotion: Strong emotional associations (a 3-year-old’s joy at getting a new choo choo) embed beliefs more indelibly
  • Social consensus: We believe more deeply if others believe too (e.g., Maria and Nico and Sofia all say Santa brought them gifts too)

 

3. We reject what doesn’t fit. Once a belief is formed, we explain away any inconsistent evidence. I saw a documentary in which a young child said to his friends, “Santa came to my house and ate a little bit of a cookie, then he went to Jack’s house and ate a little bit and drank some milk, then to Maria’s and ate some and then…So if he went to ALL of our houses in one night, it must mean–” You are sure he is about to realize Santa can’t be real, but instead he animates excitedly, “Santa must have been really hungry!”

4. Humans need consistency between beliefs, actions, and words. In Influence: The Psychology of Persuasion, Robert Cialdini calls this “The Rule of Consistency.” This is how beliefs hold us down or lift us up. If you believe you can’t, you start acting and speaking like someone who can’t, so you actually can’t. Interestingly, the relationship also works in reverse: Change your action or words and you can change your beliefs.

The Model

Over a 12-hour flight home from Paraguay, I assembled these principles into a model we can use to deconstruct and replace any belief that holds us down. It is simpler than it looks.

Imagine a hot air balloon being held down by four anchors. The balloon represents the belief holding you down and actions and words this belief influences.

The four anchors represent evidence, logic, emotion, and social consensus. To release the balloon you must replace the offending belief. Do this in five steps:

Step 1: Identify the belief. Find a belief that is holding you down. Tip: Write down beliefs until you find one that hurts. In my case, “You don’t really have what it takes to be world-class author/speaker/thinker.”

Step 2: Identify the anchors.

  • What evidence/events anchor the belief? (my books aren’t on the NYT best-seller list)
  • What emotions anchor your belief? (I feel comfort because in not really trying, I know I can’t fail)
  • Who around you reinforces this belief (social consensus)? (well-intentioned people who congratulate me on already having achieved the dream)
  • What logic locks in this belief; what “dependent beliefs” fit? (wanting to fill a stadium is self-centered, thinking I can offer what people don’t already know is conceited)

Step 3: Pick a new belief. What alternative belief would be consistent with someone who really achieves your dream? (I am destined to be a best-selling business thinker and speaker.)

 

Step 4: Release the anchors.

  • Evidence: what alternative evidence supports this new belief? (people pay me lots of money to speak, I’m sharing the stage with some of the biggest business gurus)
  • Emotions: what does it feel like to really live this new belief and fulfill your dream? (passion, purpose, having made an impact)
  • Social consensus: who can you surround yourself with to support the new belief? (other business gurus and authors)
  • Beliefs: how can you replace the “dependent beliefs” identified above? (this is not conceited because it’s about serving others; the best business gurus do it to serve others, not for their ego)

Step 5: Set your course.  Write down five specific things you will do (action) and say (words) that force you to live your new belief.

 

Completing this process took me 20 minutes and has put me fully in the game, committed and knowing I can win. Would that be worth your time?

 

The 20-Minute Exercise To Eradicate Negative Thinking | Fast Company.

Change Management – Do these tips from the head of Nike, Mark Parker, work for you?

How CEO Mark Parker Runs Nike To Keep Pace With Rapid Change

By Robert Safian

November 5, 2012

“The World’s Most Creative CEO” says Nike’s culture is perfectly suited for the new, unpredictable age of business.

“The last thing we want,” says Nike CEO Mark Parker, “is to be a big dumb company that feels we can put a swoosh on something and people will buy that.”

I first met Parker three years ago, at a quiet lunch in New York. He’s a tall man, a former college track star and competitive marathoner. He’s designed enormously successful sneakers. He’s hung around with every bold-named athlete you can think of, at venues around the globe. You might expect him to be a larger-than-life presence, an intimidator. But he’s not. He isn’t without confidence, certainly, and he’s highly competitive. But he’s more inclined to listen and reflect. He doesn’t fit the expectation of a traditional big-company CEO.

We profiled Parker two years ago, calling him “The World’s Most Creative CEO.” How many chief executives sketch out product designs as a form of relaxation and engagement? How many meet with street artists and collect their work, not simply for personal pleasure but to evolve their understanding of our global culture?

Parker and I had dinner after my first Generation Flux feature, and he encouraged me to continue the thread of coverage. So I reached out to him when I embarked on the second installment.

Business At The Speed Of Swoosh

“Things are accelerating,” Parker says. “But it’s not as if we’re in a speed-up, slow-down world. It’s a high-velocity world, we’re digitally connected, everything is changing.”

This type of climate, he contends, fits into Nike’s longtime culture. “Our management approach hasn’t come from studying and reading business books. It’s more intuitive, from the culture of sports. We’re constantly looking for ways to improve. How do you adapt to your environment and really focus on your potential? To really go after that, you have to embrace the reality that it is not going to slow down. And you have to look at that as half full, not half empty.”

“Companies and people look at the pace of change as a challenge, an obstacle, a hurdle,” Parker notes. “We like to look at it as opportunity: Get on the offense.”

How To Be Goliath In A David Market

I asked Parker if being a big organization was a disadvantage in an era of rapid change. “I don’t think it’s true that size by definition limits adaptability, flexibility,” he says. “We’re a big global brand, we have great resources. We break the business into definable subsets based on different consumer cultures and go deep, to be meaningful and relevant to them.”

But he acknowledges that size can have complications. “At a big company, often size turns into constipation, it fogs the lens about what’s really happening. Sometimes with size and success comes the notion that since we’ve done things to be successful, we have the formula and can institutionalize it. That can be death.”

“You have to challenge what’s worked,” Parker observes. “If we said, okay, we have the formula for design and manufacturing footwear–that’s a myopic and short-term view.” They would never have then pursued FlyKnit, a new Nike technology that allows shoes to be sewn from thread instead of cut from sections of fabric. “One of the challenges of innovation is challenging a set model. A traditional way to manufacture footwear existed for hundreds of years. Now we have a whole new way.”

Aren’t there people within an organization that resist changing? “It’s natural for people to be comfortable the way things are,” Parker says. “My job, our job, is to not close the mind. With FlyKnit, I was very involved. You look at the potential–it could be game changing–you encourage it, it creates momentum.”

Top-Down Vs. Bottom-Up

At Nike, Parker says, “It’s a mix. Traditional hierarchic top-down is archaic, it’s just not real. On the other side, everything is not bubble-up. That ratio, top-down to bubble-up, will shift based on situations. I’m a big believer that there’s no one single approach.”

“Sometimes, you need to go hard and fast,” he allows, “and [from the top] we can make that happen. Ideas may come from the bottom up but the direction and support can go top-down.” Parker looks for bottom-up ideas, by walking the halls at Nike. “I’ll see something on corner of someone’s desk and ask, ‘What’s that?’ All of a sudden, a new thing is on the priority list.”

“You have to be open to ideas from different parts of the company, from different parts of the world. The biggest sources of opportunity are collaboration and partnership. And today, with digital communication, there is more of that everywhere. We need to expose ourselves to that as a matter of doing business.”

Making Choices From Infinite Possibilities

“That’s one of the greatest challenges,” Parker admits. “We are an idea-rich organization. Never have I seen more opportunity. How do you pick? You don’t always pick the right things, you have to edit out.”

Parker has a term he uses to describe the requirement: Edit and Amplify. “The ability to edit and amplify is so critical. It is consuming for me, the choices we need to make in every part of our business.” Earlier this year, Parker noted that Nike’s R&D group had 350 ideas being explored. He recognized that the number was too high. “We had too many projects. Some are clearly more important than others.” So he pushed the group to make some hard choices. He got personally involved–not specifically selecting projects, but working with the R&D team to set up criteria to evaluate. “What are the things we want to accomplish? How do these rate against those criteria?” They cut the idea list down to 50.

“There’s a real discipline to this,” Parker says. “It’s going to sound bureaucratic, but it’s not. There’s a difference between discipline and bureaucracy.”

“You can’t always predict the winners,” he continues. “I end up asking a lot of questions, so the team thinks things through. I don’t say ‘Do this, do that.’ I’m not a micromanager. I don’t believe in that. My father, when I was growing up, would say to me when I had to make a decision, ‘Well what do you think?’ And I’d say, ‘Well, I think this.’ And he’d say, ‘That seems like a good idea.’ And over time, I started picking for myself. I didn’t need to go to him. At Nike, we have incredibly strong people. They know what to do.”

How To Model A Modern Leadership Team

“You don’t need to be here four or five years to have great ideas heard. I go out and seek ideas from lower parts of company, maybe a new designer fresh out of school. Sometimes its good to see raw ideas at a basic level. I like to pull that out, put it in the spotlight, celebrate that ideas come from everywhere. There’s real value to show everyone in the company that you can make a difference. In many cases, things that happened off the grid have become a massive success.” Parker’s own career was elevated by what he calls “a little side project”: the idea of  “visible air,” or Nike Air as you likely know it, which drove massive value for Nike for many years. A more recent example, he notes, is Nike’s line of Free footwear, which also came out of a side project. “Now it’s a billion-dollar franchise,” Parker notes.

Parker recognizes that perfection is not possible in a world of flux. “We’re not always right,” he says with a laugh. But as long as they go with change, instead of fighting it, Parker says, the company moves in the right direction. “We try to help accelerate the change ourselves,” he explains. “If you get that it’s an opportunity, you’ll want to.” He repeats his early exhortation: “Play offense.”

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