Does your team know your core values and personality style?
Is your behavior consistent in all your interactions with your colleagues?
Do you sometimes find yourself following a pattern of behaviors that others’ expect from you, instead of creating your own?
Do you experience a level of stress trying to perform to others’ standards? (more…)
“What if we’re wrong?” That was the question a senior leader asked his CEO as they were discussing business strategies and plans. “We probably are,” she replied, “but let’s move forward nonetheless.”
This conversation was recounted by the CEO of an $18 billion company recently. Like every organization, they were making major corporate investment decisions based on assumptions seeded by the best available information. These were long-term strategies developed to align with forecasts of customer needs and technological innovation, based on trends and predictions, and presuming an appropriate measure of volatility. In other words, they were making an educated guess. Some people freeze, waffle or delay in the face of such massive decisions, but leaders must ultimately take a position and move forward, frequently knowing that they’ll be wrong, or they have only a partial solution. But failing to prepare for the future isn’t an option. (more…)
Jake was elated. His COO had just called him into his office to give him the good news. The executive committee approved his promotion to VP of Client Services. This was the promotion he had been working towards for the past five years. It had even come a bit sooner than expected as his predecessor resigned several weeks ago to take a position with another company. He wanted to call his wife immediately to share the good news, but she was on an airplane returning from a west coast business trip. Instead he had to rush to pick up his two sons and take them to their after-school sports activities. He was scheduled to be on vacation over the next two days and looked forward to the long weekend to get his mind in gear and prepare to step into the new role. It would be effective one week from today and the announcement would go out on Monday. (more…)
Bob sat down at his desk and let out a huge sigh. He had just returned from lunch with one of the board members at his company. They were preparing for the current CEO to retire within the next 6 months and the board wanted to initiate a formal selection process to confirm Bob as a candidate to replace him. Bob had been with the company for 15 years and held the CFO role for 5 years. It was time to step up. He knew the inner workings of the company as well as challenges in the industry. He also knew that his chances of being selected were pretty good. But there was one nagging issue on his mind. He fundamentally felt that the strategy the current CEO and Board were pursuing wasn’t going to pay off the way they thought. He had shared his concerns in the past but given the politics didn’t feel he could push it too far. Now, if he were to be selected as CEO, he realized he couldn’t lead the organization forward with a strategy he didn’t believe in. He knew that two or three of the twelve board members might support his thinking, but that wasn’t sufficient to make the shift he felt was necessary. And if he declined consideration, he’d have to come up with a really good reason because telling them he didn’t believe in their strategy would call into question his role over the past several years. (more…)
How do you say “no” to the myriad of requests impacting your time?
As your leadership role expands, you are likely discovering that the demands on your time to deliver results and to connect with people inside and outside your organization are increasing. You’re finding that you’re unable to be responsive to the needs that you used to easily fulfill in the past. You want to spend time investing in others but are faced with the challenge of prioritizing the greatest return on investment for your time spent. You find that you must make the most productive connections that are mutually beneficial to all involved.
So, what do you do with the increasing requests for connection on social media? Then there’s the follow up emails to just get 15 minutes of your time to discuss an important topic. Meanwhile, in the office you’re encouraged to support employee engagement by increasing your interactions with team members at all levels of the organization. (more…)
For most leaders who are results oriented, high powered and fast paced, life is work. But what happens when life interrupts work?
Several weeks ago, one of my best and oldest friends passed away. I had the privilege of spending the last few days of her life with her, as I canceled my role in leading a meeting and rushed to the airport in tears to catch an earlier flight than originally planned to see her. It was a precious time that I wouldn’t trade for anything. But it impacted me more than I realized. Only several weeks later did I realize some of the work-related things that totally slipped my mind while I was supporting her family and processing my loss.
About 8 months ago, I was facilitating a meeting of women business owners and casually stated that I wasn’t at an earlier meeting because…then I suddenly burst into tears….sobbing! The good news is that I was in a “safe space” where they were very supportive, though confused because it came with no warning. I was finally able to communicate that the memory of missing their earlier meeting triggered the recognition that it was because my husband was having a heart transplant at that time. And for some reason, my emotions came pouring out uncontrollably. (more…)
As a leader, the “buck” for certain decisions stops with you. You’re responsible for outcomes impacting your team, your organization, your career, your family and friends. Sometimes the choice is clear, but frequently, it’s not. Ambiguities are the norm, and while there is pressure to make fast decisions, you know that it’s more important to make timely decisions. Meanwhile, stakeholders press you because they have their own motivations and need to know how your decision impacts them.
Good decision-making isn’t based on the quantity of information you’re able to review, but on the quality of information you’re able to comprehend and process to the right conclusion. Good decision-making brings together intuition and systems understanding of the many networks impacted by the choices you make. It incorporates intellectual agility to draw conclusions from a broad array of facts and data to reach desired outcomes, with the political savvy to navigate varied perspectives and power dynamics. Thus, decision-making is not only a science but an art.
CEOs and individuals in business leadership roles are frequently confronted with the dichotomy of making decisions to ensure the long term health of their companies, while maximizing short term profits. Their management roles compel them to lead the organization as if they are owners, but in reality, these organizations are owned by and at the mercy of investors and customers who determine the value of their products and services.
In a recent survey conducted by Fortune Magazine, 77% of CEOs said it would be easier to manage their companies if they were private¹. This feedback comes in a climate of increasing numbers of activist investors who purchase a significant amount of company stock, then proceed to make recommendations to the board and company leadership on how they should run it to increase value. To be fair, all such suggestions are not bad, and some have led to considerably positive results in the bottom line of these companies. But these CEO owners may find that their company’s mission and purpose are no longer aligned with where others want them to go.
Customers also have a powerful voice in shaping corporate strategies and decisions. Pepsi worked hard over several years to reformulate its diet cola to remove aspartame, thereby meeting the needs of people who wanted to move away from artificial sweeteners. However, many other diehard Diet Pepsi drinkers didn’t like the taste with the sucralose replacement, and complained loudly. So Pepsi recently announced that the old aspartame formula would return to the market, and they will sell both versions to meet the needs of all those customers. Oh, and did I mention that their sales volume slumped more than 10% during one of the quarters that the aspartame formula was off the market?
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We frequently talk about purpose in the context of individuals or organizations, but there are other areas where identification and understanding of purpose is critical. One such instance is in the context of leadership, and Isadore Sharp, founder and Chairman of the iconic Four Seasons Hotel brand provides a great example.
Sharp finished college with an architecture degree and joined his father’s construction business in the Toronto area. After building several motor hotels, he recognized that his passion lay not in constructing and owning hotel buildings, but in providing a premier guest experience and level of customer service. He wanted to “welcome customers and treat them like guests coming into our home.” 1 So Sharp shifted from being a hotel owner-operator into managing hotel properties. His priority is a commitment to the Golden Rule, where employees and guests alike are treated with respect. Along the way he had to examine the behavior of his senior leadership team and part company with those who couldn’t lead by example. As a result, with 96 properties in 41 countries and annual revenues in excess of $4B, both customer and employee retention is high, and they’ve been on the list of 100 Best Places to Work for 18 consecutive years.
Sharp understands that his leadership purpose was to provide a premier level of hospitality and service. And over time, he recognized the importance of building the right team around him, whose perfomance aligned with that purpose. He fulfills his purpose based on leadership strengths of treating guests with respect and sincerity, and providing the right location and environment for a first class stay. He consistently embeds it into every aspect of his organization’s processes, rewards and behaviors; and believes that a true leader influences not from a position of power, but from a position of respect.2 His leadership purpose and strengths, then work together to accomplish his leadership goal of generating a reasonable profit that benefits the company, hotel owners, customers and employees.
Leadership purpose forms the “why” of your leadership. Are you seeking a leadership role simply because of the power, position, people or profits? Or are you leading because of the purpose, mission and vision that you are pursuing, no matter the size of the role? Leadership strengths are the capabilities and critical success factors necessary to operate in your purpose. And leadership goals are the results you accomplish in your work. (more…)
Many years ago there was a leader and queen of the country of Sheba. As the ruler, she had many people and resources under her command. But rather than simply take pleasure in her obvious wealth, she pondered how to better lead her people, and how to handle the challenges of her country. Someone told her about another leader named Solomon who was the king of Israel. Solomon was known to be very wise and might be able to help her figure out how to manage some of the problems she was dealing with.
She must have been very concerned, frustrated, maybe even desperate to find a better approach to her leadership issues, because she planned a major trip to visit him and talk about it. Sheba gathered the currency of her country (many camels carrying spices, gold and precious stones), and along with numerous servants, traveled to meet with Solomon.
When she arrived and sat down to talk with him, the understanding she gained was overwhelming. The advance reports of his wisdom didn’t even come close to matching her actual experience. Solomon not only understood her issues, he answered every question she had. His perspective and wisdom were so very great that he became a valuable consulting resource for her. She observed his leadership style and capabilities, the engagement of his employees, his organizational culture, and the mission and focus of his team. Solomon’s perceptiveness was so helpful to her in leading her country more effectively that she gave him an abundance of the expensive gifts that she had brought.
While it’s difficult to measure her gifts in the context of her overall wealth, we do know that it was the best of her country’s resources, because no one else ever gave him such costly spices in so great a volume as she did. And in return, Solomon gave her all that she asked for.
Here was a leader, someone already accomplished enough to lead a large organization, but who recognized the need and opportunity to learn more. She knew that she had to continually improve her competencies to more effectively build relationships to influence her team, and accomplish her organization’s goals and objectives. She yearned to talk with someone else who understood leadership challenges and would support her in her initiatives. The queen’s perspective on the resources she devoted to this was not about cost, but about making an investment in her own growth, that would pay off in many ways in the long run. (more…)