Patti Cotton

Executive Coach & Career Strategist

attitude

Leading in a Time of Crisis

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Leading in a Time of Crisis
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We are faced in this moment with a crisis that stretches around the world. It is affecting every aspect of our personal and professional lives.

You, as a leader, are being tested with every fiber of your being. The work challenges you were dealing with a few weeks ago have been eclipsed or compounded by COVID-19 and its effects on your business.

How do you lead through this?

The real test of leadership – a leader’s behaviors and actions during a crisis – are what help a company to move through successfully. At this time, you are no doubt being asked to make critical decisions that affect the livelihoods of many.

How can you encourage confidence and stability to bring your people along as we move through this critical period?

1. Educate yourself and others.

Make sure you are aware of federal and state requirements vis-à-vis the current situation so that you are abiding by that which is requested. Additionally, seek trusted sources to learn more about how you can protect your employees, clients, and key stakeholders. Check in with these sources on a regular basis and ask your executive team to do the same. Make sure you are communicating well and often. Dealing with a crisis means that others need to hear from you often and with reassurance.

2. Check your attitude.

The way you see and approach the crisis is critical. It is difficult to use the word pandemic as I write, but we are currently experiencing one. Focus on the things you can control as you lead forward and check your language when talking with others to make sure you are not inciting panic, fear, or stress. Your attitude bears great weight and influences many. In the not-too-distant future, we will look back to see how we made it through. Lead with this in mind.

3. Exercise self-care.

Stress and anxiety can certainly soar during these times. Yet, frequenting public places to exercise and get self-care services may not be your first choice at this time. Think about replacing these rather than foregoing them. For example, if you feel uneasy about going to the gym, find some recorded videos for workouts at home. Avoiding spas or other self-care centers? Create your own spa experience at home with music, hot tub soak, and other ideas.

4. Be decisive.

As you and your team make critical decisions, move forward with conviction to take action. Don’t wait to be the last company on the block to make a move you know you should be making. Part of keeping the employee and client base calm and developing trust is sending a message of strength through taking precautions when you know you should.

5. Feed your executive team.

Don’t forget that your executive team needs increased connections with you during this time. Think about incorporating a daily huddle for updates, a weekly briefing with discussion around next steps forward, and frankly, even stopping by their office during the day to check and see how they are doing. Your team is carrying great weight with you, and they deserve the reminder that they are appreciated as they carry this responsibility. Where you cannot meet in person, collaborate virtually.

6. Stay connected with your life team.

These are the few close people in your life who care about you and who will be supportive and present for you. As a leader, it is hard to ask for this kind of support. It can be difficult to find people with whom you can share not only feelings of celebration, but also feelings of doubt and uncertainty. This is a time to call on your life team even more often to fill your own cup as you continue to care for the well-being of so many others.

© Patti Cotton and patticotton.com. All rights reserved. Unauthorized use and/or duplication of this material without express written permission from the author is strictly prohibited. Excerpts and links may be used, provided that attribution is made to Patti Cotton and patticotton.com, with links thereto.

How to Retain Your Top Talent

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How to Retain Your Top Talent
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What keeps CEOs up at night?

Lots of things.

But their #1 concern is attracting and retaining great talent.

And many companies do better at attracting this talent than keeping it.

How much are you losing if you can’t figure this out?

That depends. If you need to retain highly complex positions (managers, software developers and such), you risk missing out up to 800% more productivity, because superior talent is up to 8 times more productive (Keller and Meaney, Leading Organizations).

What is the answer?

Make your company so attractive that no one wants to leave.

Here are five ways to do this:

1.  Develop a high-trust culture.

Trust serves as the foundation for all else. Trust is the incubator for healthy communication, collaboration, empowerment, productivity, profitability…in short, all components that support working at highest and best levels.

Does your company lean on “control and monitor” behaviors or heavy compliance?

These are early signs of a problem. How do you begin to turn this around?

It begins with you. Determine how trustworthy you are as CEO, because your company will rate no higher than its leadership. Download the trust infographic and rank yourself – and then ask those closest to you to do the same. Compare. Where do you need to begin developing more trust with your people?

HOW MUCH

DO OTHERS REALLY TRUST YOU?

​Learn the two vital parts to trust and how they can help you become a more highly effective leader.

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2.  Foster a company-wide growth mindset.

This kind of mindset is the stuff of motivation and innovation.

A fixed mindset reflects a closed attitude. Language includes phrases like, “That idea won’t work,” or “It can’t be done right now.”

Growth mindset attitude and language, on the other hand, will reflect phrases such as “How might this work? How might this be possible?” Failure is seen as a way to learn and not as a reason to stop trying.

If you notice there are just a handful of people always making decisions for everyone else, this is an indicator that you are not fostering a growth mindset in your employees.

Where can you start?

Begin by what is right in front of you – applaud all new ideas. When asking for input, make it a rule that whenever someone volunteers a new idea, that the first person to speak after that must say something positive about the idea, whether they agree with it or not. This sends the message that all people have something valuable to contribute, and it fosters creativity.

3.  Recognize and reward the right things.

Are you emotionally biased toward certain employees and against others?

On a company-wide basis, make sure that your systems and processes for recognition are standardized. Form a taskforce to evaluate this.

And then, have this taskforce identify what should be recognized. Go wide! The way in which you acknowledge things such as caring and supportive behaviors can go a long way; these certainly are influences on business outcomes. And on a personal basis, please take the time to acknowledge contributions and jobs well done. It is free to mention people in meetings to thank them for their efforts – and this kind of approach fosters a caring culture that goes far.

4.  Empower your people.

If you feel your people need higher accountability, it may be your systems and processes and not a lack of talent on their part. Start with the basics. Make sure you have clearly outlined expectations for their role and responsibilities.

Then, work together to agree on top goals and priorities for their area of responsibility. Can you show them how these support company-wide goals? Without this foundation, even the best in talent will operate somewhat hesitantly or begin to get lost in the weeds. Make sure you have agreed on a system of reporting that reflects these goals, and which relieves you from chasing your executives for answers (the latter of which is a real trust-killer). By setting this structure in motion, you will empower your talent to move forward with confidence and perform at their best.

5.  Invest in leadership development at every level.

Learning and development is a key concern for companies world-wide. And company talent seeks opportunities for growth and career development. Providing employees at every level with leadership development opportunities meets both objectives well.

When you invest in this, you foster greater performance and contribution – and you can also more easily identify rising stars. And as your company talent receives this focused support, they will feel recognized by the company, and motivated by their growth and future opportunities within. It is surprisingly cost-effective to implement a company-wide leadership development effort. And the ROI is exponential (Note: Executive coaching typically yields an ROI of 4-10 times the initial investment; training with a group coaching component can yield similar results.)

Retaining your top talent requires a healthy and exciting culture. If your culture needs a “reboot,” please understand that this takes time and effort. The payoff, however, is exponential, being key to current profitability and future success.

© Patti Cotton and patticotton.com. All rights reserved. Unauthorized use and/or duplication of this material without express written permission from the author is strictly prohibited. Excerpts and links may be used, provided that attribution is made to Patti Cotton and patticotton.com, with links thereto.

Peter Drucker – Goals and Self-Control

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Peter Drucker - Goals and Self-Control
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Peter Drucker once stated that his mission was to help other people achieve their goals.

Helping people reach their big leadership goals is what I do. If I can help them develop their leadership, they can then achieve the personal and professional things they set out to do.

And at face value, it’s easy to reach your goals.

To do this, all you need are these three things.

  • Define your goal
  • Identify the steps and ways to get there
  • Practice the self-control to work the plan

But a lot of leaders don’t reach the goals they set for themselves. Why? If the formula is so simple, where is the hitch?

To give some insight on this, I’d like to share some background about meeting objectives and reaching goals by reflecting on Peter Drucker. Drucker, a widely influential thought leader, has been described as the founder of modern management. I believe his work holds the key.

Drucker invented the concept of management by objectives and self-control, somewhat of a “household idea” in strategic planning today. He popularized this idea in his 1954 book, The Practice of Management.

Drucker maintained that in order to effectively reach objectives, these must first be defined by management and conveyed to other members of the organization. Then, it must be decided as to how to reach these objectives (strategies), and these strategies must then be broken down into sequential steps (tactics). The resulting outline or strategic action plan could then be used as a roadmap for those who had assigned responsibilities therein.

Drucker’s theory proposed to create an organized and positive work environment. As people worked the steps in the plan, they would be motivated by their achievements and spurred to continue on to the “finish line.”

Let’s translate all this into you as leader as you work on developing your own leadership.

Most of you reading this can easily identify the goals that are important to you. You can probably also outline the steps you need to take in order to reach your goals.

But you may not be reaching these.

What’s missing?

Self-control.

A lack of self-control is usually the culprit in thwarted goals. This is when leaders often call an executive coach. They’ve read the books, attended the boot camps, and yet, little has changed. And they aren’t quite sure what to do about it.

If this is you, it’s easy to feel discouraged and fall back into old patterns. After all, good enough is good enough – right?

But quietly, you know that if you develop greater leadership, you’ll benefit not only yourself and those around you, but the entire organization.

If you are at this point, I challenge you to adopt the following four tools.

These will help you to develop more self-control to move past obstacles and on to success.

1. Begin in a corner to set yourself up for success.

Is your goal to be a better communicator? Identify two to three things that will help you to become one. And then, start with just one of those. Let’s say your three strategies to becoming a better communicator include being a better listener, asking more questions, and being clearer and more concise in your written communications. Attempting to shift to all three of these behaviors at once is too much and will discourage the best of us. Begin with the one that feels easiest or like the biggest win, and work on that for a few weeks before taking on the next shift.

2. Assume a can-do attitude in your language.

What are the things you say to yourself when you think about taking that next step toward goal? Does your language feel heavy, full of examples like, “I need to…” “I have to…” “I must…”? Try shifting this type of language to one that is more encouraging, such as, “I am looking forward to trying…” “It’s fun to think about experimenting with this…” Look for the negatives and turn these around. Your language reinforces attitude with feelings around the work you need to do to reach goal.

3. Keep the transformation in mind.

If being a better listener is your goal, the transformation might be that by being a better listener, others will respect you more, share more, feel recognized, etc. and this will help to motivate and engage them, resulting in greater outcomes. Identify this transformation and keeping it in front of you as a carrot is powerful to helping you stay the course.

4. Congratulate yourself for wins and points of learning.

One step at a time. Each time you move a little closer to your goal, congratulate yourself. Each time you recognize when you have taken a step back, look at this as a point of learning. Ask yourself what you will do differently next time to move forward. The brain needs this in order to flex where it needs to go next. Rome wasn’t built in a day – and neither has your leadership been developed overnight. Decide that it’s “brick by brick” and keep going.

As you contemplate 2019 and what you would like to see in your personal leadership, remember that this is a journey. By traveling in this way, you model this for others, providing encouragement and a sound way forward.

HOW MUCH

DO OTHERS REALLY TRUST YOU?

​Learn the two vital parts to trust and how they can help you become a more highly effective leader.

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Beware of Hubris Syndrome

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Beware of Hubris Syndrome
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You have a successful track record. Your company is doing well. But over a period of time, you have lost touch with your employees.

In fact, when you aren’t in the room, they may describe you as “calloused” or uncaring.

But they don’t know what it takes to run a business. You can’t always stop to be warm and fuzzy with everyone.

Is that true?

Not necessarily.

You may be suffering from the beginnings of hubris syndrome.

Neuroscientist Sukhvinder Obhi has found that power damages our mirror-neurological activity — the neurological function that indicates the ability to understand and associate with others.

“David Owen, a British physician and parliamentarian, has dubbed this phenomenon hubris syndrome. He defines this as a ‘disorder of the possession of power, particularly power which has been associated with overwhelming success, held for a period of years.’” (Hougaard, et al).

Are some people just born with an inability to handle power?

Or is a hardened profile required to rise to – and stay at the top?

Hubris syndrome is actually an acquired personality change in people who assume positions of power. There are a few key symptoms that indicate one is suffering from this, and one particularly dark side to it is an inability to have compassion for other people. This can lead to devastating effects, and we’ve all witnessed this. Martin Winterkorn and the Volkswagen scandal. Martin Shkreli of Turing Pharmaceuticals. Hisao Tanaka of Toshiba.

These business leaders are among those who, over time, developed a greed and lust for more power. This caused them to lose their ability to feel compassion for others.

And the results were disastrous.

You are probably saying that you could never turn into a Winterkorn or Shkreli. And hopefully, you are right. However, if you have been in a position of power for some time, you will want to check on your ability to feel and exercise compassion.

Compassion moves beyond empathy, which is the ability to read and feel the emotions of others.

Compassion is a proactive commitment to contribute to the happiness and well-being of others. It’s an intentional attitude that, through regular practice, can be strengthened and become the hallmark of your leadership.

Here are some first steps to begin cultivating your compassion:

1. Seek to support others in your connections.

Each time you interact with others, begin by asking yourself, “How can I be of benefit to this person?” This turns your focus outward and strengthens your intentional commitment to their happiness.

2. Identify a family member who could use some support, or someone in your work who is a difficult personality.

Meditate on that person and send caring thoughts about their well-being. A common intention that people hold for this particular exercise is to repeat the statement, “May you be free from suffering. May you have joy and ease.”

3. Exercise compassion for yourself.

Where are you lacking compassion for yourself? Identify where you might be holding yourself to an impossible standard, or figuratively beating yourself up for past mistakes. Forgive yourself and move forward. Unless we can forgive our own errors, we cannot really do so for others.

You will notice as you begin an intentional compassion practice that your sense of purpose and contribution begin to grow alongside. And, funny thing, others respond well to practiced compassion. Your employees will begin to feel recognized and valued. Trust grows. And in turn, engagement, morale, and all the things that you need in order to sustain your business.

This creates a win-win situation.

(Reference: Hougaard, Rasmus; Jacqueline Carter and Louise Chester. Power Can Corrupt Leaders. Compassion Can Save Them. Harvard Business Review, 2/15/2018.)

HOW MUCH

DO OTHERS REALLY TRUST YOU?

​Learn the two vital parts to trust and how they can help you become a more highly effective leader.

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Building Influence – Making Emotional Connections

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Building Influence – Making Emotional Connections
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Have you ever been in a situation where you wish you had greater persuasive powers?

A situation on a flight reminded me about some of the critical steps we need to take to enjoy more influence with others.

I took an early plane to the Northwest to spend time with family on the Puget Sound. Looking forward to a quiet flight, I encountered, instead, two co-workers across the aisle who were in a heated exchange.

One gentleman, Frank, was insistent that the other “take a look at the numbers – the numbers speak for themselves!” But this was not having the desired effect on his seatmate, who sounded frazzled.

“How do I get through to you, John?” Frank finally blurted out. “It’s like talking to a brick wall!”

Have you ever felt like you were talking to a brick wall?

How do you begin to get through?

As it happens, Frank didn’t have a chance.

In fact, John turned to him and said, “Your conversation is wearing me out, Frank. I can’t listen anymore. End of story.”

I wish I could have taken Frank aside, and said this:

Frank, here’s where you could have turned this around.

You should have made an emotional connection with John to tip the scales.

Get the dopamine flowing.

Making an emotional connection is the conduit of “warm and fuzzy.” This helps people feel good and predisposed to listening, to being open to more conversation.

Instead, Frank began his conversation with, “John, I need to get you on board with this new strategy. What’s it going to take?” Diving into a selfish stance of “I need…from you” staged the failure.

Frank could have paved the way to a successful conversation by something like, “John, how was your weekend? Do anything special with the family?” or, “John, what project are you working on right now that is especially rewarding?”

When you connect in this way, it stimulates the pleasure-reward area of the brain – the “feel good” area. You are showing people you care about them in a genuine and personal way.

When you do this, people feel you are interested, and they feel heard as you listen. They tend to want to reciprocate, and will ask you some personal things, as well. This sets the stage as common ground.

It changes the other person’s attitude from one of “what do you want from me,” to “what are we looking at together?”

If you want to influence people, you need to make and strengthen that emotional connection, not only throughout the conversation, but in your relationship in general.

With whom do you have an important relationship that needs more emotional connection?

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