I recently heard a simple workplace experience that I think really underlines why listening is among the most practically useful of business skills. That it also stands out, despite its simplicity, perhaps also suggests that listening is something that many of us could do well to work on some more.
Here, then, is the story. An employee came to their manager with a difficult and still-developing client problem, one that could only be resolved by calling the client in question in a desperate effort to directly resolve the issue. The problem the employee had was that the situation had degenerated to such a low ebb that they no longer felt they could make this call without diminishing the relationship still further and upsetting the client to a terminal degree. Let us (for the sake of drama at least) assume that this client’s business was also pretty crucial to the whole organisation’s success. That’s when they approached their manager for help.
This manager, at once, asked for the number and called the client, despite having no previous contact with this person, nor any understanding of the issue beyond the most basic of panicked pleas. They weren’t previously briefed on the situation and they had no concept of what the client might say.
What followed was a perhaps surprisingly good-natured 10-minute talk, during which the manager said very little, except to ask necessarily open questions about the client’s problem. There was no shouting, no angry confrontation, just an actual conversation where the manager was able to successfully resolve a festering issue in the time it takes to buy a latte.
Why did this work? Because the manager went into the conversation without any one-sided knowledge or any preconceptions about the situation. He didn’t have a script prepared, and he hadn’t thought about any arguments, excuses or justifications. All he could do was listen to the client and respond, on the hoof, to whatever they had to say.
This didn’t mean the client wasn’t angry, nor did it mean the manager would simply roll over and agree to any demand. But it did mean that the client felt that their point of view was really being listened to and properly engaged with. The manager heard their particular complaint, responded to it fully and, in doing so, ultimately demonstrated the value that he placed on this customer and their situation. He empathised, listened with an open mind and was then equipped to make an evident effort to solve the problem.
Listening, of course, has an air of passivity about it that maybe doesn’t sit well as a top-level skill to be learnt and practised. After all, you listen to conversations all the time; sometimes – unavoidably – ones you aren’t even involved in. Practising listening, the logic might run, requires you do nothing at all.
However, the truth is that many of us conduct conversations more as monologues broken up by occasional white noise, rather than as truly responsive give-and-takes of opinion and experience. We bring our own biases and understanding to the table, and we don’t necessarily hear everything (even anything) that is being said as a result.
In the workplace particularly, this can be a problem in many situations. Providing feedback without hearing an employee’s frustrations and concerns; contacting a supplier without heeding their clearly stated terms; advising a client without understanding their actual needs. All are likely to lead to greater friction and issues down the line, in spite of all the information needed being readily offered up.
Naturally, I’m not saying that every conversation should be leapt into with two feet and no preparation – such an approach certainly has the potential to end as badly as it might end well. But it definitely doesn’t hurt to approach potentially difficult work conversations with a resolve to make the conscious effort to shut your mouth and to listen more instead.
Ahmad Badr is the chief executive of Abu Dhabi University Knowledge Group.
business@thenational.ae
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Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
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Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar
Director: Neeraj Pandey
Rating: 2.5/5
The specs: 2018 Chevrolet Equinox
Price, base / as tested: Dh76,900 / Dh110,900
Engine: 2.0L, turbocharged in-line four-cylinder
Gearbox: Nine-speed automatic
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What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
Other ways to buy used products in the UAE
UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.
Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.
Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.
For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.
Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.
At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”