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Patti Cotton

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Are You Holding Your Employees Hostage?

May 23, 2018 By Patti Cotton Leave a Comment

Are You Holding Your Employees Hostage?
Image Credit: Shutterstock

Five Ways to Find Out…

Do your employees feel happy and secure at work?

Or do they feel as though they are being held hostage?

You may not realize it, but when an enterprise is trust deficient, its employees suffer, which means the company does, too.

In fact, if your culture isn’t emotionally connected, your employees can experience the same stressful range of emotions as a hostage does, feeling anxious, fearful, and with the ambition to get out quickly.

It’s difficult to detect the emotions – but you can readily see the effects. What should you look for? And what’s causing it?

Here are five ways to identify whether your culture is lacking in trust, and what is causing it.

  1. Your executive team hasn’t had a new idea in ages.

Your executives are aware of changing trends, but they aren’t exhibiting the creativity and innovation needed for the company to retain its competitive edge. This usually indicates an atmosphere where new and creative is not welcome, or where the opinions of others are not valued.

Are you surrounded by “yes” people who always think your ideas are wonderful?

If so, you will want to take a look at your listening skills and determine if you are encouraging the perspectives of others – not being first with all the answers.

  1. You have a manager who is a chronic complainer.

Your managers tend to shy away from solutions and wait for you to solve problems. One of them consistently brings complaints to your door.

Are you holding them accountable for results?

I’m guessing you are. But are you empowering them with the ability to come up with possible solutions to problems?

If you have complainers or those who wait for orders, this means you need to exercise providing feedback to help them take that responsibility.

  1. One of your teams doesn’t play well with others.

Teams have trouble getting the work done when they must involve other teams to complete an initiative.

Does one of your teams have a chronic “bad kid” reputation? If they can’t connect well with others to get the job done, this means a conversation about their performance with the rest of the enterprise.

Of course, this can’t be done in isolation – chances are, if you have a “bad kid” team in your company, the culture supports it. Time to revisit.

  1. You put up with a key employee who is rough around the edges.

This person is great at technical skills, but very poor when it comes to getting along with others.

This is close to #3 above – the “bad kid” team. However, if you have put up with a key employee who is rough around the edges, this probably means you don’t want to touch the situation for a reason.

Perhaps the person is a star performer or some kind of genius who can do something for your enterprise that no one else can.

Think again – when an employee is allowed to mistreat or disrespect others, this is a de-motivator to the rest of your employee base. Demotivation leads to productivity loss, turnover, etc. – so, no matter how good they are, their behavior is not worth putting up with. Find a solution.

  1. One or more of your teams or areas is less productive than others.

This can manifest in ways such as sub-par productivity, continually missed deadlines, and finger-pointing and blaming in meetings.

Who is steering your ship? If you find that you are continually taking that team’s manager to task on poor performance, this means you haven’t defined what productivity looks like – or you aren’t holding him or her accountable to that shared agreement.

Being transparent about how this is affecting the larger body is pivotal. You are otherwise disrespecting your entire employee base.

These five scenarios cultivate a culture that is devoid of trust. And when trust is lacking, the enterprise will suffer. Where do you need more trust in your organization? Download the infographic to find out.

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.

GET THE INFOGRAPHIC

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 Downsizing May Not Be the Answer

May 16, 2018 By Patti Cotton Leave a Comment

The Hidden Costs of Downsizing
Image Credit: Shutterstock

Tom S., CEO of the Jansen Company (fictitious individual and company names, real client), called me a short time after downsizing.

The company had lost quite a few customers due to the bad press it had received for this.

Employee morale and engagement were rapidly sinking.

There was a loss in productivity due not only to the occurrence itself, but also because the remaining employees had to absorb the work previously done by those having lost their jobs.

The cost in dollars to Jansen was significant and surprising.

The move to restructure had been a move to stop profit bleed. But just totaling money spent on loss of market share due to bad press, severance packages for those laid off, and current training costs for those who needed to absorb the work left behind, was more than the company had projected.

Additionally, employee turnover was on the rise, as people didn’t trust what the company might do next. The search for replacements was also costing Jansen money, time, and effort, as well as the onboarding and training to get the new people up to speed.

Things were a mess as a result of the downsizing.

It appeared that Jansen’s downsizing had been an incredibly poor idea that did not pay off.

It’s a fact that a majority of layoffs do not turn out well. Downsizing has become a default response to an ambiguous future marked by swift advances in technology, volatile markets, and growing competition (for more on this, see “Layoffs That Don’t Break Your Company” by Sucher and Gupta, Harvard Business Review, May-June 2018 issue).

There are new and more successful alternatives emerging – but in Jansen’s case, this was now water under the bridge.

The CEO had called me in because the executive team members were under extreme stress. A couple of them who had never worked well together were simply not talking to one another. He was afraid that some of these executives might secretly be job hunting, and the company couldn’t afford such a final blow.

He wondered if executive coaching might be the answer to supporting his team with the agility they needed as they faced managing this unexpected situation.

I agreed to meet with each one of the executives individually to get a sense of where they were vis-à-vis their commitment to the company and to assess their ability to manage change.

As I did so, I learned that their effectiveness as team members and as team itself had been compromised long before the decision to downsize took place.

And I wished I could have coached them sooner – before they found themselves in such a difficult situation. Because what I identified were some areas in their leadership that, had these been strengthened, might have circumvented the downsizing and what led up to it.

Here were the chief team and individual behaviors I uncovered. These led to high COI (costs of inaction).

  • Poor communication and conflict management (by the way, this one area account for around 67% of all productivity loss in any enterprise)
  • Slow and poor decision-making processes leading to less-than-optimal outcomes
  • Ineffective approaches to bring others along in the process for buy-in and commitment
  • Poor ability to keep eyes on the horizon for trends and shifts while managing the present
  • Poor stress management from high productivity and little return
  • Unwillingness to consider multiple perspectives leading to better creativity and innovation

I believe Jansen would not have had to consider downsizing, had decision-makers recognized the value of intentional and consistent leadership development.

Leadership directly affects all levels of the organization’s success.

Is your leadership producing a great ROI? Here are some questions to help you gauge this:

  1. Are people clamoring to work for your company? Are your employees highly engaged and productive?
  2. Is your business consistently increasing revenue and profitability? Or are there areas that need help?
  3. Are you retaining your current market share and capturing more? Or are you stalled at a certain point?
  4. Where do you stand vis-à-vis the competition? How well are your products and services reflecting the innovation you need to be on top?
  5. What does overall performance look like for your enterprise? Are there any silos or broken parts needing your attention?

Schedule a Complimentary Discovery Session!

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.

Radical Engagement: Building Trust with Your Clients

April 11, 2018 By Patti Cotton Leave a Comment

Radical Engagement: Building Trust with Your Clients
Image Credit: Shutterstock

How much do your clients trust you?

If you don’t know, you may already be in danger of losing them.

In a world where relationships rule, trust is imperative. But it’s not always easy to be transparent with clients.

What does trust look like when you have a lot to lose?

Competition is fierce and delivering the best in products and services means going above and beyond rivals. However, let’s admit it – being the best all the time in every single way isn’t reality. Even if we are highly committed to the client and our process normally yields great results, things happen – for example, a missed deadline or a snag in product.

Even more serious, your business may encounter a particularly tough time enterprise-wide that risks to compromise your reputation in the marketplace.

When you find yourself in a vulnerable position with a client, you may fear losing the relationship.

However, if you have delivered great service with consistency in the past*, this situation could actually be an opportunity to strengthen it.

How do you recoup in a way that builds trust with your client?

Radical engagement!

Radical engagement means communication, transparency, and responsibility.

  1. Communicate well, communicate early, and communicate, communicate, communicate.

Once you recognize a point of vulnerability, whether a deadline may be compromised, or your company is receiving negative press because of a temporary downturn, the inclination is to hide and hope that the client doesn’t notice.

Of course, that doesn’t work. So rather than wait to hear that the client has noticed, be proactive and reach out to connect and update. Doing so demonstrates that as a valued client, they should be kept updated. This will show them that you are taking responsibility for your commitment.

  1. Be transparent.

We tend to want to downplay situations that compromise our reputations, hoping that a “soft” version of the truth will be easier to accept.

But this is where most companies actually lose clients because the real truth generally emerges.

Instead, be transparent: “Here is the situation, here is our plan to recoup, and here is what we are doing so that this doesn’t happen, again.”

Anything less, even with the most effusive appreciation for their understanding, will not reflect your commitment to serving them at highest levels.

  1. You can’t please everyone, but you can acknowledge responsibility.

Just because you are transparent, and you communicate well and often, this doesn’t mean you can avoid unpleasant reactions from clients. When others are counting on you, disappointment can be keen and emotions can flare.

However, remember that you are responsible, and acknowledge this. Let them know that if you were in their shoes, you would be disappointed and upset, as well. Remind them of your plan of action for recouping and recommit to serving them well. Let them know you will stay in close communication along the way until you deliver results.

Again, if you have delivered great service with consistency in the past, follow these three steps when you hit an unexpected snag that affects them. In doing so, you are sure to strengthen that client’s trust in you.

*For more on the topic of earning and keeping trust, companies of all industries and sectors can benefit from Leonard Berry’s article entitled How Service Companies Can Earn Customer Trust and Keep It, Harvard Business Review, 2017.

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.

GET THE INFOGRAPHIC

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.

Are Your Business Partnerships Hurting You?

April 4, 2018 By Patti Cotton Leave a Comment

Are Your Business Partnerships Hurting You?
Image Credit: Shutterstock

Whether you represent your own business, or you hold a corporate responsibility, your company thrives on good business partnerships.

When these are healthy, they can be powerful in helping you leverage your business growth.

But if you have a business partnership that isn’t smart, it can actually damage your business and professional reputation.

How can you tell whether yours are hurting you?

Here are Five ways to assess your business partnerships.

1. Is the business partnership purpose-driven?

Does the partnership move you closer to your vision and goals? Many partnerships are founded on fleeting fancy.

“It seemed like a good idea at the time,” bemoaned one executive. “But the energy it requires has really steered us off into left field.”

If a partnership isn’t supporting your ultimate purpose, you are choosing to compromise your endeavors for the sake of shiny objects. Time to get tough.

2. Is the business partnership a positive experience?

Is it enjoyable and easy to work in this partnership? Or does it feel like a struggle each time you interface with one another?

If you dread that next meeting or interaction, ask yourself what lies underneath. Is it simply a matter of learning to communicate differently, or are you just not a fit for one another?

3. Is the business partnership productive?

Are you seeing results from your partnering? Or is the relationship one long conversation leading to another without any real action or outcomes? If you are holding space for a business partnership that does not yield results, ask yourself why. There may be a conversation that needs to take place to see how to produce.

4. Is the business partnership mutually beneficial ?

Can the partnership equitably benefit both of you? Are you and the other party well-positioned to be able to contribute to one another?

Many a partnership has been formed out of mutual appreciation – and not because they can truly benefit one another in some kind of equitable manner. If this is your case with a particular relationship, you may want to adjust how much time and effort you devote to it.

5. Is the business partnership an edifying one?

Does this partnership reflect highest integrity? How can you trust this? If you haven’t done your research, do so before committing to the association.

Does the partnership add value to both parties? If you and the other party are “better together,” or the better for having associated, then the answer is a resounding “Yes!”

Make sure your business partnerships are smart, productive, and trustworthy – and that those who partner with you can say the same of you.

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.

GET THE INFOGRAPHIC

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.

Focus Bandits – Have You Been Robbed?

March 28, 2018 By Patti Cotton Leave a Comment

Focus Bandits – Have You Been Robbed?
Image Credit: Shutterstock

Are you easily distracted, or are you finding it hard to concentrate?

Worried this will affect contributing your best work?

Before you get swept away in a sea of overwhelm, see if these three focus bandits are lurking in your vicinity.

If so, I’ve given some tips for you to eliminate the thieves and recapture clarity and focus so you can get going!

1. Unfinished business.

You may be carrying a stress load from unresolved conflict.

Is there a current challenge outside of the immediate work at hand that you need to resolve? A critical conversation that needs to occur?

Even more insidious is a long-standing situation that has silently eroded your focus for some time. If you aren’t sure as to whether you have any of the latter in your life, do a short self-assessment.

Rate yourself from 1-10 in the following areas:

  • Personal finances
  • Friends and family
  • Intimate relationship
  • Career
  • Fun and recreation
  • Physical environment
  • Spiritual life

With 10 being ultimate success, give yourself a score in each area. If any are less than 10, ask yourself what holds you back from a 10. The problem will emerge, and then it’s up to you to decide how you will resolve it.

2. Too many good things.

The adage, “Because I can, I do,” is bunk.

When a client tells me he or she is overworked and highly stressed, it usually comes from one of three areas:

  • Mismanagement (lack of delegating appropriately, avoiding conflict to allow it to pile up and affect the team, or other poor management practices)
  • A need to please others by accepting new assignments or an increase in responsibility without the proper support
  • Delusions of grandeur (believing you can handle it all, when the calendar shows it is physically impossible)

Do any of these feel as though they might be the case for you?

The mind needs “white space” or downtime to reflect, process, and actually follow through with the work prescribed from all those meetings we attend.

If you aren’t finding that white space in your life, it is time to re-organize. Identify the non-essentials and delegate or eliminate. You can have it all – just not all at the same time!

 3. Lack of organization, prioritization.

I find this less in my corporate clientele than my entrepreneurs, only because it is tough to wear several hats at once when you are building a business. However, this can also creep up when you are a corporate executive, and it usually occurs when you have just been handed an additional area of responsibility.

If this is you, whether things have just piled up, or whether you have accepted new opportunities, you’ll do best with formulating a 90-day plan of action to help you…

  • Prioritize
  • Identify short- and long-term wins
  • Determine the internal and external connections you need to cultivate in order to best get the work done
  • Establish a process whereby you can stay focused on the top priorities

I’ve helped many clients turn things around with this approach, and besides getting organized, the plan has kept their focus to a level that builds great credibility with others quickly.

And finally (bonus tip), here is the unvarnished truth for you who are eternal optimists:

You are fooling yourself if you use phrases that sound like, “As soon as _______ happens, I will have more time to breathe easier, capture more white space….”

If you find yourself in any of the above descriptions, you can recapture a great deal of focus and lessen your stress by simply being tough enough to create better boundaries for yourself.

It’s not always easy – but the reward is oh, so great.

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.

GET THE INFOGRAPHIC

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.

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