It looks like nothing was found at this location. Maybe try a search or browse one of our posts below.

When you’re negotiating, be smart and act stupid.

I’ve heard this advice many times over the years, but my pride never lets me accept it. Ego-gratification always ends up taking precedence over financial gain.

This is semi-good career counsel too. When you try to prove you’re smarter than your organizational superiors (superior in position only, of course), one of two things will happen – both bad:

1. You succeed. By both being smarter and spending your energy proving it, you’ve made yourself dangerous.

2. You fail. You’re not executive material – you just don’t measure up.

Keep your ego out of it. When you disagree, you aren’t right and your boss isn’t wrong. You’re discussing and reconciling alternatives, to help fine-tune the program. In the end, your initiative and skill have to advance your boss’s decisions, not your own. This is called “followership” and it’s a valuable and valued skill.

You may be getting peeved, thinking I’m recommending toadyism. Think again. Pride is one of the seven deadly sins. I’m just giving a practical example of how the workplace punishes sinfulness.

Many readers took similar exception to an earlier column, which pointed out that the ethics of power lead to complications beyond commonplace, day-to-day morality. Right is right and wrong is wrong, and that’s all there is too it, complained some of these readers. Regardless of what I actually said, grumbled others, my column encouraged unethical behavior among the powerful.

Notes from readers and messages posted on the InfoWorld Electric forum on the subject, brought several points into sharper focus:

1. The Edge of the Slippery Slope: Politicians used to gain power to advance their programs. Bad enough, but as campaigning has become marketing, politicians now adjust their programs to gain power. This distinction – gaining power to achieve worthwhile ends vs attaching yourself to whatever ends will gain you power, define (for me) the edge of an ethical precipice. When you’re playing the power game, ask yourself this question on a regular basis: “What am I trying to achieve, and if I achieve it, will I approve of the result?”

2. Means and Ends: The ends, we’re told as children, never justify the means. This guidance provides a useful touchstone … for children. Adults, especially those with some power (and that includes everyone in management) need to apply a more sophisticated calculation.

Every action (the means) has both an immediate consequence, consequences intended to achieve a goal (the end), and unintentional effects as well (side effects). Defining the ethics of an action by its immediate consequence alone is naive – the ethical content of an action must be measured through a complex calculus that takes into account all of its consequences.

You’ve heard this before: the road to hell is paved with good intentions.

3. Gut Feeling: Should you trust your instincts when it comes to distinguishing right from wrong? Probably not. Huck Finn pointed this out: “If I had a yaller dog with no more sense than a man’s conscience, I’d shoot him.”

Your gut feelings come from how your mother raised you, and Mom didn’t explain the choices I’d have to make as a manager. An anecdote to illustrate the point:

Several years ago, one of my staff had to insist that a vendor replace a project manager on an installation. Our complaint ended up getting the project manager fired. My staff felt understandably bad about the impact on this guy.

Here was my response: “You knew the guy who got fired. A total stranger now has an opportunity. Your knowing someone personally doesn’t make him or her more deserving.”

After reading the earlier column, my friend Steve Nazian reminded me of a character in Isaac Asimov’s Foundation, who recommended: “Never let your sense of morals prevent you from doing what is right.”

Proving, once again, the value of science fiction to your career.

Bitcoin is the new Beanie Baby.

In case you’re too young to remember, in the early 1990s Beanie Babies were the new tulips. Which were, as documented in Charles MacKay’s Extraordinary Popular Delusions and the Madness of Crowds, (1972) an early example of something that only grows in value because people believe it will grow in value, and whose value vanishes as soon as skepticism sets in.

There are those who see no difference between Bitcoin as a currency and dollars as a currency in this respect. In both cases, the theory notion goes, the value of one currency unit is nothing more than a consensus among all who hold the currency as to its value when compared to other currencies.

Not that it has anything to do with keeping your joint running, and not that I’m a trained economist (perish the thought!); in this the Bitcoin enthusiasts are misguided. Because in the end, the value of a dollar is derived from the U.S. GDP, just as the value of a share of a company’s stock is, in the long run, tied to its profitability and balance sheet.

Put slightly differently dollars and other currencies have an entire national economy behind them. Bitcoin is backed by enthusiasts telling each other it has value. The name for this is the “Greater Fool Theory,” which states that Bitcoin, Beanie Babies, tulip bulbs, and the IPOs of companies that have utterly preposterous business models are all solid investments with excellent profit-making potential, so long as you can find a greater fool to take your investment off your hands before the bubble bursts.

In, just in case this isn’t obvious, my awesomely humble opinion.

Which has what to do with running IT?

In my awesomely humble opinion, it has a lot to do with enterprise technical architecture management, because every application, platform, and chunk of infrastructure you purchase or license is, in a very real sense, an investment in your company’s business. To the frequent regret of your technical experts, the best technology isn’t always the best investment.

The analogy is imperfect. In the case of Bitcoin the issue is that loss of belief will result in the collapse of Bitcoin’s exchange rate with other currencies. In the case of a technology you’ve invested in, you have no interest in reselling it. Your risk is loss of support.

This is especially true for new technologies developed by venture-funded startups. But it’s also true for established players, some of whom have been known to abandon customers when a product they thought was promising just didn’t quite pan out.

Here’s where Bitcoin and Beanie Babies come in. Belief … industry mindshare that translates to you and your peers being confident the provider will succeed … determines whether the product is an early-stage success, and is, as a result, supported.

And support isn’t merely the ability to call in technical expertise when needed to make the product do what you need it to do. Support also means distributing patches when someone finds a security hold; being able to install and run on updated operating systems; adding new features and functionality as the marketplace for the product and its competitors becomes increasingly sophisticated.

Even more important, support means you can hire top-notch talent to work with the technology.

Example: According to iDatalabs 167 businesses still rely on IMS, IBM’s ancient hierarchical DBMS. IMS still works. IBM still supports it enough that it will continue to work next year.

Try recruiting an IMS DBA and see what kind of talent shows up. And no, I’m not talking about the average applicant age. I’m talking about the average applicant’s level of sophistication and initiative. It’s doubtful someone who’s excited about working with IMS has even mastered relational data design. That puts them two conceptual generations behind what’s now possible, stuck in a hierarchical data design mindset in an era of post-relational NoSQL technologies.

So the Bitcoin analogy is imperfect: Those who develop and sell new IT products start out with Bitcoin value dynamics, where all that floats the product’s longevity is belief the product will have longevity.

But unlike Bitcoin and its advocates, IT startups have an intense focus on having the equivalent of an economy backing them, which in their case means either revenue and profits, or acquisition.

If I haven’t convinced you, a suggestion: Buy copies of The Moral Hazard of Lime Daiquiris (Bob Lewis and Dave Kaiser 2013).

The smart money predicts this will become a high-value collectible item. You’ll easily quintuple your investment.

Or at least get a few chuckles out of the deal.