business leader

Lead or Manage? Why You Need to Do Both

August 16, 2017 By Patti Cotton Leave a Comment

Part I. Making Your Leadership Work

To lead or manage? This is the wrong question – you need to do both.

The differences between managing and leading are crucial, and you will find a lot of material on the subject.

But the comparisons imply that leadership is preferable to management, and that in order to be a leader, you must leave the managing to others.

This couldn’t be farther from the truth.

When you manage, you should also be leading in order to be at your most effective. And when you are leading, you absolutely have to manage, as well.

What are the key differences, and how do you make them work together?

Leading focuses on taking the enterprise into the future, creating followership through influence in order to meet the vision, mission, and objectives of the enterprise.

Managing focuses on the work at hand, ensuring that the necessary pieces work well together to meet the vision, mission, and objectives of the enterprise.

Attributes of leading include:

Attributes of managing include:

Create and share vision
Inspire change
Imagine possibilities
Lead forward, setting direction
Anticipate trends
Coach and mentor talent for culture and succession planning
Ability to think abstractly
Ability to articulate and influence

Ensure goals and objectives are being met
Understand how the work gets done in an organization
Accountable to team
Ability to teach and mentor
Ability to monitor and interpret data, outcomes
Self-discipline
Direct others
Provide input

As you review these two lists and make your own comparisons, where are you? Can you see that, if you are to be most effective, you will actually need to be able to do both?

Patti Cotton

Patti Cotton reenergizes talented leaders and their teams to achieve fulfillment and extraordinary results. For more information on how Patti Cotton can help you and your organization, click here.

5 Tips to Mentor Your First-Time Manager

June 14, 2017 By Patti Cotton Leave a Comment

Mentoring Others to Take Charge

Your new manager is a talented individual. If they were not, you would not have hired them. Even though a new manager has excelled in their previous position, they may not yet have acquired the skills of managing people to meet success in the new role.

If you don’t jump in to provide mentoring and guidance, you’ll be losing much more than face. Around 60% of new managers fail. And you’ll recall that when a new manager does not work out, you will lose an average of 6-9 months of their salary in replacing them (recruitment, training, team productivity, and more), as well as a lot of time and energy. This means that if your person is making $40,000 per year, you will lose between $20,000-$30,000 in the process.

This is a much bigger ticket than investing in some sound managerial training for new managers, which usually costs around $2,000.00.

I have heard from many who tell me of their bad experiences with supervising new promotions. One of the top concerns you’ve expressed is how to help new managers adjust to managing people by displaying authority in an effective way.

How do you help your new manager learn to show how to lead – the right way?

Leaders have reported seeing some pretty sad and frustrating behaviors as the new manager attempts to assert their role – all the way from apologetic language and cloudy directives to arrogance and micro-managerial tones and approaches. Many new promotions want to assure their team members that they are still friends. Others feel they need to divorce themselves from the pack to lead. Neither is right. And the fallout from either approach is severe.

Learning to manage people takes time and experience.

Here is a 5-step checklist you can use to help your new manager to begin, and to reflect a healthier way of showing authority:

1. Teach them to set clear expectations.

As the leader, you have no doubt drawn up an action plan for the department with goals, measurables, and key milestones. Ask your new manager to review this, and to define expectations for their reports. Have them work with you to do this a few times so that they receive the benefit of your coaching. Helping a new manager go through this exercise will flex their ability to see the large picture and the moving pieces that help to compose it. It will also give you a sense of where they will need additional support as they gain greater understanding.

2. Teach them to be proactive.

Talk to them about setting up regular meetings with each of their reports to review expectations and to set up a system for each to report back to them on a regular basis. This one move will help to minimize the tendency for the new manager to micromanage since they will know when to expect the reports, and will also allow a private forum in which they can explore with team members what motivates each, how they can best lead, and to answer any concerns or questions.

3. Teach them to deal with conflict in a timely manner.

Conflict should not be allowed to take over, or it will decimate the department. It must be addressed in a timely manner, and your new manager needs to learn to handle it well by separating out emotions, stories, and issues. Further, what seems to be an issue may really be a symptom. For more on how to get to the real issue and help them develop their problem-solving skills, see the article “Taking Your Problem-Solving from Good to Great: The Missing Step.”

4. Teach them to be even-handed.

Help them to be fair in the way they deal with requests such as raises, bonuses, additional resources, and other perks. Show them how to evaluate requests by leaning on policy, procedure, and performance. This will help them to avoid team members who beg favoritism based on past relationships or future promises. It will also help them to support their decisions as they provide these opportunities to those who merit them.

5. Teach them to role model leadership.

They may not know it yet, but everyone is watching. Your new manager got the promotion, and others are curious to see whether they deserve it. They are wondering whether they can trust following them based on what they see in their decisions and actions. Is your new manager coming in late because they are now salaried and feel they have a license? When they have their lunch with the same team members on most days, does this send the wrong message to others? These are things we as leaders know will inhibit our ability to be trusted. A new manager should have that judgment, but some still need the guidance.

Think back to your earlier days when you were a new manager. What was the best advice you received that helped you establish success?

What impact are you having in life and business?
Click below to take the complimentary Impact Assessment.

http://inspireinfluenceimpactquiz.com/

Patti Cotton helps executives optimize their effectiveness in leading self, others, and the enterprise. Her areas of focus include confidence, leadership style, executive presence, effective communication, succession planning, and masterful execution. With over 25 years of leadership experience, both stateside and abroad, Patti works with individuals, teams, and organizations across industries, providing executive coaching, leadership development, succession planning, change, and conflict management. She is also a Fortune 500 speaker. For more information on how Patti Cotton can help you and your organization, click here.

Patti Cotton

Patti Cotton reenergizes talented leaders and their teams to achieve fulfillment and extraordinary results. For more information on how Patti Cotton can help you and your organization, click here.

Why Do 60 Percent of New Managers Fail?

June 7, 2017 By Patti Cotton Leave a Comment

How Do You Help Yours Succeed?

Why do rising stars perform well in one role, only to fail in the next?

If you are in charge of overseeing talent in your area of responsibility, you probably already know this by experience. You promote a promising star, only to be disappointed by her inability to perform in the new role.

You’ve wasted valuable time and energy on this person’s potential. And the company has just lost money. In fact, you can count on losing about 6 to 9 months of that person’s salary. This means that for a new manager making $40,000 annually, the company has taken a $20,000 – 30,000 hit in recruiting and training expenses for the promotion (not to mention other costs to the entire team!).

Since high performance in one role is no guarantee of high performance in the next, do you just flip a coin? How do you save yourself headache, and get ahead?

Becoming a manager requires new skillsets. So if you are thinking of promoting an employee to manager status, here are just some of the shifts this person needs to make:

1. A new manager must learn to move from “doing” to supervising and guiding the team.

Remember that a new manager has been focused on managing their own tasks and responsibilities. Now, suddenly, they must focus on helping their team manage and complete their assignments.

2. A new manager can set a powerfully negative first impression.

Some new managers will sit back and observe, unwilling to make a decision or come across with an opinion. Others may come in “gang-busters” sharing about how they are going to change everything and make it better, now that they are on deck. It’s hard to choose between having a new manager with analysis-paralysis or one who operates as an obnoxious know-it-all. Neither is good.

3. A new manager must learn to grasp the larger picture.

Because they have been previously task-oriented to complete their own assignments, they must now develop their ability to become goal-focused, with a sense of the various pieces that make up the larger departmental picture.

4. A new manager must target early wins.

The problem with most new managers is that they don’t know how to look at the larger picture and reverse-engineer to identify early wins. Without accomplishing some early wins, the boss will wonder if the new manager knows what they are doing. In the absence of seeing forward motion in the right direction, doubts about a new manager’s ability may replace the initial confidence the boss had in their protégée.

5. A new manager needs to develop their authentic leadership style.

Many a new manager looks around to other managers to see how to lead – how to communicate, delegate, execute, and more. The problem is that copycats miss out on operating from their own top strengths…and they come across as insincere.

6. A new manager must learn how to be respected.

It can be awkward for a new manager when their employees have been their friends. How to shift from being buddies with the team to being well-liked and respected is challenging, but necessary. If not, holding people accountable and managing expectations will be poorly handled. Confronting those difficult situations will be painful and sometimes not addressed.

7. A new manager must be careful not to over-promise.

Many new managers have thought they could. They promised to deliver, but failed because they did not know the work involved in delivering those results. By the same token, to be non-committal is to create doubts about ability. A new manager should not be embarrassed to say, “Let me investigate what that would take and get back to you.”

Learning to make these shifts will be helpful if you discuss with your new manager the departmental goals, the roles of the team members, and your expectations. Offer to help put together a 90-day plan that will support the larger picture and identify early wins. Talk about the network your new manager will need to develop to get buy-in from the enterprise. And keep your door open for questions. You’ll help your manager to hit the ground running much more successfully.

What difficulties have you encountered with new managers?

What impact are you having in life and business?
Click below to take the complimentary Impact Assessment.

http://inspireinfluenceimpactquiz.com/

Patti Cotton

Patti Cotton reenergizes talented leaders and their teams to achieve fulfillment and extraordinary results. For more information on how Patti Cotton can help you and your organization, click here.

What Do We All Really Want in Life?

April 12, 2017 By Patti Cotton Leave a Comment

January 15, 2009. It began like many other days in his lifetime – checking in at the airport, taking his seat in the captain’s chair, and running through the pre-flight checklist. He had done it thousands of times in his expansive career. As he took off, he remarked to his co-pilot, “What a beautiful view of the Hudson today!”

Little did he know that, within seconds of making that remark, he was about to make a detour into his ultimate purpose in life. That was the day Captain Chesley B. “Sully” Sullenberger safely landed US Airways Flight 1549 in the Hudson River, saving the lives of all on board.

When you are young, your goals are related to learning, experiencing, and advancing in your career. These are the building years – building family, building a career or business, and building community.

But there’s a shift that occurs in mid-life, where you begin to look at life from a broader perspective. You shift from simply wanting to make a living to being compelled to make a difference. Captain Sully writes about this in his book, Making a Difference, where he shares the insights of leaders in business, technology, science, and other industries.

As an executive coach, I meet talented and experienced business men and women every day who express to me a desire to make a difference, to know their lives have made an impact – on their relationships, their community, their business, and in some big or small way, the world. They may have earned the income and positional respect, but it is impact that matters most to them.

It made me realize that I, too, had this perspective. As a busy wife, mother, grandmother, and now care-taker daughter, I want make an impact on my family. As a volunteer with women and children’s organizations, I desire to make an impact on my community. As a business owner, I am compelled to make an impact in the business world. And as a former diplomat, I desired to make an impact even then.

What is the impact?

It differs for each person, but for me, it is about developing leaders for this generation and the next – leaders who, themselves, will make a difference, each in their own way. It is about developing good ethics and values in my grandchildren so they can have a blessed life. It is about developing strong communities by strengthening its people. It is about developing strong and successful business leaders to make an impact, not only in their lives, but in the lives of their people. It is about developing relationships with others, which makes for a better world.

What is impact for you?

What difference would you like to make in these four key areas of your life?

Relationships
Community
Business
World

This is a challenging but compelling question. Taking the time to reflect and explore each area allows you to set goals for the second act of your life that will fulfill your desire to truly make a difference.

You have spent decades preparing for this day. The question is, where do you go from here and how do you make a difference?

Patti Cotton

Patti Cotton reenergizes talented leaders and their teams to achieve fulfillment and extraordinary results. For more information on how Patti Cotton can help you and your organization, click here.

How to Move Beyond Growing and Surviving

April 6, 2017 By Patti Cotton Leave a Comment

Your Succession Plan

Are you a business leader struggling to grow and survive? It’s time to get a better game on.

Whether you are a business owner, executive, or other professional, you need a succession plan, now.

What is a succession plan?

Most think it’s simply grooming new leaders who can eventually take over a business or corporation. But it’s much more than that. Succession planning should include getting your “house” in order, making sure that systems, processes, and team are identified and developed to effectively meet the future.

Because of this, succession planning is not something you do when you are getting ready to retire.

In fact, succession planning is something that should be an ongoing process now, if you are a business leader who identifies with any of the following:

You want to move the business and your future from surviving to thriving
You are proud of your leadership accomplishments and you see this as a legacy that others should enjoy
You have a vested interest in seeing that your efforts pay off exponentially, not only now, but in the future (financial gains, heirs, etc.)

Most corporate and business leaders spend their time caught up in the daily worries of running the business or enterprise now. They are in a survival mode, or busy trying to scale the company’s efforts to generate more revenue.

When this happens, it’s tough to get ahead – much less lay the firm foundation for something that will pay off now and in future.

These business leaders may see succession planning as an HR function and not a leadership imperative – to their peril. Planning for the future and laying out the strategies to reach it effectively require vision and global thinking. It requires that you set a clear direction with system-wide goals to carry the business into the future.

This means that if you are in charge of an enterprise or your own business, you need to lead the charge.

What happens if you don’t take action, now? What are potential consequences, if you don’t see succession planning as an ongoing process to ensure a healthy and vibrant business now and in future?

Here are a few scenarios where a lack of succession planning has resulted in rapid business decline and demise:

A leader exits without warning, due to illness or another unexpected event.
A company replaces the exiting executive with someone who is not yet equipped to take over. This happens frequently in family-owned businesses and in cases where the company has hired from the outside without ensuring that the new leader is culturally compatible.
The business neglects high-potential talent inside its doors and the talent goes elsewhere.

What does your succession plan look like? Do you have a system in place to identify and develop high-potential talent, business processes, and systems that will effectively meet the future?

Patti Cotton

Patti Cotton reenergizes talented leaders and their teams to achieve fulfillment and extraordinary results. For more information on how Patti Cotton can help you and your organization, click here.