While the management gurus pound you with advice on great strategies, propagated all the way down from Peter Drucker, simple day-to-day tools are often seriously overlooked. Gossip, in the hands of the shrewd executive at the right level, beats any of the management theories taught, after paying thousands of dollars, at management schools. In many cases, it takes small talk to an entirely different level with richer rewards.
First, all gossip is not the same. Second, for the best effect, all gossip must be released to the right person at the right time. Two low level executives may have a casual conversation in the parking lot wherein they may exchange gossip about the habits of a new Director who has recently joined the organization; or exchange rumors regarding an upcoming promotion and who the favorites are; or even the affair between the CEO’s secretary and the VP of HR. But such exchanges of mundane gossip do nothing more than help foster a feeling of comradery between the executives.
To become a strategic tool, the art of gossip must be refined and used with a touch of finesse – and this comes from experience and constant practice. Let us say it is the budgeting season where favors, I mean budgets, are being doled out to various departments. The CFO is struggling with cutting costs by chopping off funds approved earlier. To ‘help her along’, you, the Head of IT, whisper into the ears of the CFO, “Hi, I hear that our CEO is rather upset with the lack of returns from the liberal serving of dessert during our quarterly sales review meetings – and maybe….. the funds are better used for buying more laptops for our IT department…”. Later on, you feign surprise when you are told that your IT budgets have been approved without any cuts.
At the highest levels, judicious injection of gossip into conversations helps keep your subordinates on edge and plunge them into (un)healthy fights over non-existent issues. Let us look at a scenario where the COO is having a ‘casual’ conversation with the VP of Administration.
COO: Hi Jason, how is it going….
VP, Admin: Very well, thank you. Just struggling with controlling increasing travel costs in the company. I …….
COO (“here is an opportunity”): I have been noticing that too. I hear that the sales people are having fun parties while on visits to unqualified prospects.
VP, Admin: Thanks for that tip (I don’t care if this is true or not). I will tighten the belt.
Soon, there begins a cold war between the VP, Admin and VP, Sales on a non-existent problem. Travel expenses are brutally cut down leading to disinterested sales people refusing to travel. In the meanwhile, the originator of the gossip, the COO, with one less thing to monitor, moves on to ‘tackling’ other ‘C’ level executives in the company.