The Rest I Have Learned About Business is From Basketball

joshsmith

Everything I have learned about business, I have learned in basketball court (with some additional help from Wu-Tang Clan). Whether it has been great (or usually horrible) leadership, importance of the team or the value of hard work. This recent incident is a good proof of that:

Detroit Pistons waived their highest paid player and star Josh Smith at the end of December. Waiving is not a little feat, because waived player is included in team salary. The results have been interesting: Pistons has been on a 8-1 winning run only losing to the hottest team in NBA right now: Atlanta Hawks. Interestingly Josh Smith has been good with his new team Houston Rockets as well, so currently it has been win-win for both the of the participants. What can be learned from this whole episode?

1.Don´t play safe: bold moves will be remembered
Sometimes you have to wake up your whole team with dramatic actions. Stan Van Gundy is not just a coach for Detroit Pistons; he is also their president of basketball operations. Waiving Josh Smith was a demonstration of his power and also a dramatic call for their team to wake up. Was it exactly wise is an another question. He had to do something to catch attention of the team. Off-the court jury is still out for Van Gundy´s strategic perspective but on the court his defensive instructions on the video below have strategic clarity that only a few business leaders (or even coaches) have:

2.Even a bad plan is better than no plan
You cannot totally fault bad Pistons season start on Josh Smith and to say so is ludicrous. They did not have proper plan in the place for the team when he was there. Josh Smith had to play a role that did not suit his skills set. When he was waived from the team, Detroit Pistons was forced to have a different game plan and missing one key player made putting a coherent plan into action much easier.

3.Take the responsibility: You either sink or swim
You can never underestimate the importance of mental aspect of sports or business. You need to feel that you are contributing to the team. Because Josh Smith was gone, the rest of the team had to rise up. Other option would have been to tank. The season is now on halfway, so the newly established Pistons can still be a boom or bust. Currently it seems that they have regained their self-esteem and if they continue like this can even make it to the play-offs.

4.Failure is an opportunity to reborn
I like Josh Smith as a player, when he is playing right role. No one denies the physical talent he has, but his attitude to the game has been a question. He has showed maturity by asking to come out of bench with Rockets. Being waived is definitely a slap in the face and you definitely want to show that you still have the skills to be a great player.

5.Team can be more (or less) than its parts
Basketball and advertising industry are similar in a way that you can fill your company or team with stars and still suck. Chemistry plays crucial role. Josh Smith is playing in Houston with his longtime friend Dwight Howard, which probably will be a good thing. Sometimes there can be only one rooster in the coop and if there are too many stars fighting for the attention the end results can be disastrous. Many combinations can work on the paper, but if it does not work on the court it does not really matter. Therefore crazy-sounding ideas like waiving your star player can actually make sense on the long run.

How the episode will pan out, we will see at the end of the season. Currently it seems that everyone seems happy with the end result.

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