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Patti Cotton

Executive Coach & Career Strategist

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Executive Coaching: Understanding the Numbers

June 9, 2021 By Patti Cotton Leave a Comment

Executive Coaching: Understanding the Numbers
Image Credit: Shutterstock

Returning to work means reexamining how you operate to get things done. It’s an opportunity to see whether you and your staff can be even more effective in light of the complexities that have developed in the world which affect the business landscape. It’s time to fine-tune your leadership and take it to the next level.

But as business owners seek to develop their leadership and that of others in the company, they often focus on presenting workshops, classroom training, and mentoring programs. These have proven to be the least effective in developing leadership. Executive coaching, which is called upon less frequently, has proven to work best for leadership development, and the numbers reflect this.

“But my training budget is modest,” said one leader. “I can’t give every executive her own private coach.”

I agree that executive coaching may appear to be more costly. But the return is also much higher. Studies by PriceWaterhouseCoopers and the American Management Association show the following: When businesses invest in executive coaching to develop greater leadership, they recognize a mean ROI (return on investment) of 7 times that of their initial investment, with a solid 25% of those same companies reporting a return of 10-49 times the investment.

How might your business benefit from such returns?

Typical ROI results reported from executive coaching include (but are not limited to) increased revenue and profitability, reaching or exceeding organizational goals, higher performance and productivity, greater creativity and innovation, and enhanced skills in communications and conflict management.

At the same time, leaders have all heard disappointing stories of coaching experiences that cause hesitation.

“How do I know it will work?” asked one executive. “My colleague really enjoyed his coaching experience, but he said it never really helped him reach any tangible goals.”

Sadly, his story is not unique.

How can you ensure, then, that your investment will pay off sizable dividends? Careful planning to identify a leader’s development goals and objectives is not enough. The coaching engagement should be overseen by a formally trained coach using proven methodologies, and the plan should have distinct measurables (more numbers!) that serve as success markers to gauge how well the process is working.

You may also consider team coaching, which can make the most of your budget, and still have great returns. New evidence supporting the effectiveness of this approach is exciting, and can yield such outcomes as greater trust, performance, alignment, and coordination (and these are just a few dividends).

A lot of leaders, in their eagerness to get “back to normal,” have given little thought to leadership development. The return to work has been first and foremost on most minds. However, with the complexities that COVID has brought to us, leaders and other decision-makers will need to sharpen their skills in decision-making and execution.

Indeed, the COI (cost of inaction) when it comes to leadership development is staggering and has increased exponentially with the new business landscape. For example, 67% of all productivity loss can be attributed to poor communication and conflict. Less-than-optimal leadership practices can cost a business an amount equal to as much as 7% of its total annual sales. There’s much more, but I think you are getting the picture.

Why don’t more companies take advantage of this tool?

Leaders fall into what we call “normalcy bias,” where they feel they are doing well, even when they are not. They may feel that coaching is only for corrective situations, or their executives seem too busy for coaching. And many feel their teams are meeting every goal they set. If the latter is your case, I’d challenge you to think about whether things are just too easy, and what could be accomplished by stretching those goals.

As the great “return to work” continues, and you think about whether your company is ready for more change, ask yourself if you are really fully equipped to lead it. Make sure that your investment, however you allocate it, provides you with a great return.

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© 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.

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.

3 Crucial Questions Leaders Need to Answer for 2021

December 30, 2020 By Patti Cotton Leave a Comment

3 Crucial Questions Leaders Need to Answer for 2021
Image Credit: Shutterstock

I hope you have been able to enjoy a safe and meaningful holiday, and that you have this week as a reflection period, as well. Contemplating key questions in order to move forward well in 2021 requires dedicated focus.

Here are 3 crucial questions leaders are currently asking themselves. Can you answer these? And if not, do you have the plan and support you need in order to do so?

1. What should virtual or hybrid work look like for us in the future?

A lot of leaders still hope that as the devastation of COVID is addressed and managed, that all will get back to “business as usual.” However, many of the ways we have had to work this year were already on the horizon as possibility. The virus simply accelerated this. As we move forward, we recognize that working virtually has not only been in place for some time in many businesses, but it is now something that the rest of us need to accept.

Beyond physical logistics, we need to address the potential impact this will have on our ability to deliver; to productivity and outcomes. Culture will need to be considered (see point #2 below). Ways of communicating are important – but what we communicate in order to get things done will need to change, as well. Cultivating soft skills in connection and all things relational will become more important to success.

2. How can we cultivate and maintain a vibrant and positive culture?

Culture is a company’s mission, vision and values in action. Much of this has been eclipsed by the constraints of COVID and having to scramble to work virtually in many cases. Moreover, as we return to work, it will not be as we knew it, but as we create it going forward. Considering virtual and hybrid work environments, how will you keep your organization’s culture vibrant and alive? What will need to change or be implemented in order to create this? Focus on individual, team and organizational behaviors, as well as the processes and systems needed to provide a supportive framework.

And as we move from a knowledge-based mindset to a learner’s mindset (pivotal for meeting the future!), how can you implement a program that supports culture at all levels of the company? This is an oft-neglected part of typical planning, but key to the spirit of belonging and desire to contribute; employee morale, engagement and productivity.

3. What skills and abilities does my executive team need now in order to meet the future?

Your strategic plans dictate what capabilities your team will need in order to execute. Identifying these and putting a development program in place is non-negotiable. You will want to use a blend of proven techniques and modalities that allow your executives to apply their learning to their work. Online learning is here to stay and is just as effective as in-person learning when well executed. How will you identify your needs, what programs are most effective, and how you will receive support to make sure the learning is integrated?

Beyond the individual team members’ growth, however, focus needs to be given to the team as a body. Include the team behaviors and norms you need to see in your own team in order for them to trust each other, to execute together at highest levels. How would they assess trust on the team? Are team members aligned and coordinated in their execution? In their ability to communicate and resolve conflict? Without putting a plan in place to respond to these questions, the best team can become fragmented or siloed, depending on what your organization is facing.

As you read this, what key components will you need to integrate into your planning for 2021? Designing a framework that supports both short and long term is crucial.

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© 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.

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.

Can You Pivot and Flex to Meet the Unexpected?

October 7, 2020 By Patti Cotton Leave a Comment

Can You Pivot and Flex to Meet the Unexpected?
Image Credit: Shutterstock

How powerful is your “pivot and flex”? Can you shift gears and make critical decisions when the unexpected leaves other leaders in a state of paralysis?

Your agility as a leader is paramount to meeting the future well.

How do you develop this ability so you can anticipate and get ahead?

David had risen through the ranks of Parkside Products’ early days. Having served as CEO for more than 10 years, he expanded the company’s footprint to represent in all 50 states. Because of his leadership, the business world recognized Parkside for quality and value.

Then, crisis hit.

And Parkside wasn’t ready.

COVID conditions slowed production significantly. And although David was heartened on one hand that they were still able to operate, he was extremely worried about fulfilling commitments.

Unless David could approach the business differently, Parkside would go under.

“I’ve thought for some time that I should brush up on how I lead this company,” David shared with me. “And I’m sorry it took such a crisis for me to act on it by calling you for help. What can I do?”

“David, you aren’t alone,” I said. “And you are right – it’s time to act.”

“Where do I begin?” David asked. “There is no end to good information and advice from experts in my industry. It’s that I’m not sure who to listen to, or how to plot the course. I’ve never led in a crisis.”

“It begins with your mindset,” I responded. “And you have an open one. That’s what it takes to step into new and more complex situations.”

Over the day, David and I worked together to assess how he approached decision-making and taking action on critical matters. I noted that he had good self-awareness on several fronts, but that he didn’t realize that, when he convened his team, he tended to dominate the space. As a result, his talented team was not speaking up. This meant that they were missing out on serious brainstorming and the sharing of new ideas.

“David,” I shared later, “we need to develop your self-awareness about how you make space for the team to contribute ideas and participate in decision-making.”

I went on to explain what I had seen, and he received the feedback well. This was just the first step, however. Here are the three steps we worked on to develop greater agility in David’s leadership:

Key Steps in Developing Leadership Agility

  1. Self-awareness

    In order to develop the ability to meet today’s complexity, a leader must first recognize his or her growth opportunities. This is not always easy to identify, and outside observation or a targeted assessment is often helpful.

  1. Experimenting with new behaviors

    Once the leader has identified where he/she can benefit from greater agility, new behaviors to support this must be identified and put to practice. Careful monitoring on a regular basis to assess the effectiveness of these behaviors is necessary.

  1. Seeking feedback

    As the leader practices the new behaviors that will support greater agility, seeking feedback to see what’s working helps to fast-track success. Seeking this from one’s executive team or with the people one works with most, will be highly effective.

Where could greater agility serve you as leader?

  • Is it in learning how to bring people along to meet the vision?
  • Does it create a shift in the way you make decisions, so they are even more effective?

I challenge you to seek feedback from those closest to you and to consider making the changes that will allow you to meet the future, now.


© 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.

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.

Is the Way You Show Up Under Pressure Hurting Your Leadership?

September 30, 2020 By Patti Cotton Leave a Comment

Is the Way You Show Up Under Pressure Hurting Your Leadership?
Image Credit: Shutterstock

How well do you manage yourself under pressure and stress? You may feel you are doing a good job at remaining calm and focused. Or you may feel it doesn’t matter whether you keep your cool or not. After all, everyone is human and entitled to their emotions.

But the way you manage yourself when the going gets tough can compromise others’ trust in you. It has a direct impact on how others assess your ability to lead.

Eric, CEO of a food distribution company, had lost credibility. When he called, he noted that members of his executive team seemed to be making decisions without him.  They were now siloed as they worked in their own areas of responsibility.

“Just like that,” Eric said. “COVID hit, we scrambled to put things in place, keep the company running, and here we are – fragmented, scrapping, and losing clients. I know we hit an international crisis, but I can’t seem to bring the group back together.”

Eric allowed me to visit with the team members individually to explore moving forward together with a more aligned approach.

“Eric lost his edge in May,” said one. “He stopped making the hard decisions and would use phrases like, ‘let’s just wait and see’ when it came to things we couldn’t wait on.”

“Eric holed up in his office when COVID hit,” said another. “He seemed distant and aloof. He would lead discussions around tactics to survive, but he couldn’t seem to move beyond the immediate. After a while, we just left him alone and moved forward.”

I sat with six executives, and the messages were all similar.

“Eric, we have some trust-rebuilding to do with your team,” I said. “They have lost confidence in your ability to lead under pressure.”

“What? I don’t understand!”

“Here is a short list: unresponsive, preoccupied, slow to make crucial decisions…”

Eric slowly sat back in his chair. After a quiet moment, he said, “I didn’t realize it showed that much.”

He shared the pressure that COVID had generated for them.

“I lost a lot of sleep,” he said. “There were so many new things we had to deal with as far as employees working from home, shipping things out. And so many other things.” He seemed lost in thought. “I have to say the stress really got to me. I guess I didn’t handle things that well.”

“We can rebuild,” I said. “But you are also going to have to learn to manage the way you show up under pressure.”

Over the next few months, we did some important team building using a short-term strategic action plan to recover client loyalty and revenue. At the same time, Eric and I worked on techniques to sharpen his awareness around his emotions and how this affected his decision-making and ability to relate to others.

They continued to improve in their trust of Eric and the team’s ability to work together under stressful conditions. Today, Eric’s team is one of the most agile I know, starting with Eric and his ability to lead, and the team in how they work together.

How do others perceive your ability to manage yourself as leader when the going gets tough? If you aren’t sure, it’s time to ask them.


© 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.

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.

Do You Have a Social Loafer on Your Team?

September 23, 2020 By Patti Cotton Leave a Comment

Do You Have a Social Loafer on Your Team?
Image Credit: Shutterstock

You’ve hired some great talent. Most of them are meeting the challenge of this year’s disruptions.

They pushed past the overwhelm and pulled together to move forward.

But their performance still isn’t what you know it could be.

You also have one team member who seems to have slowed down. He isn’t putting in as much effort as he did in times past.

Do you have a social loafer on your team? If so, this may be the very reason your team isn’t performing to capacity.

Social loafing is a phenomenon that occurs in groups asked to pool their efforts to meet a common goal. Interestingly, individuals within the group tend to put forth less effort when this happens.

Researching why this happens first began with Max Ringelmann, a French agricultural engineer.

Ringelmann observed that, although groups collectively outperformed individuals, these groups did not do as well as they could, had the individuals all performed to their individual capacity. In other words, individuals measured at one level of performance when working by themselves would reduce their productivity when they were placed in a group. For more on this, see Ringelmann’s Rope-Pulling Experiment.

How might this play out on your team? And what can you do about it?

Here are a few examples of social loafing I have encountered as I work with teams to elevate their performance.

1. Low expectations of team performance.

Susan had been a high performer and eager to make a difference. But I was called in to support her because, over time, her leader had noticed she was showing signs of disengagement.

“I meet deadlines, so what’s the problem?” asked Susan. “In past positions, I always got things done faster and could produce at a higher rate than my fellow team members. Why should I do this, now? And by the way, we are making goal, so I don’t see the problem.”

Susan’s assessment of her team members was faulty. After a deep-dive inquiry, I found that the entire group was made up of high achievers. Moreover, the team’s collective productivity had decreased because of Susan’s decision to slow down. In fact, it actually impacted their ability to meet the stretch goal of launching an additional new product. And at an organizational level, this product would have captured much more market share.

If you are a leader who sees a team member disengaging, act quickly to give them the support and accountability they need in order to thrive. This situation can otherwise greatly impact your organizational health and your ability to outperform your competitors.

2. Evaluation potential.

Mark secretly knew he had overrated his experience in order to get the job. He also knew instinctively that he could meet the requirements if given a chance. But Mark unwittingly overrated his abilities. When I met with Mark’s leader, she was confused.

“The team isn’t working to capacity,” Sharon shared. “I know COVID has thrown a wrench into the works, but we are well beyond the initial crisis state. I’m also noticing something disturbing. The team members work together more than usual on certain projects, which would normally be taken care of by individuals. What’s going on?”

What was happening? Mark was “hiding in the crowd,” and it had impacted the team’s performance. The crisis COVID had created allowed him to huddle with others more frequently and disguise his inability to perform. Whenever his area was tasked with an initiative and something felt out of his element or beyond his grasp, he would partner with one or two others to ask for their ideas. In the beginning, they appreciated the collegiality. But as time progressed, this dynamic prompted them to feel ownership in his area, and they would speak on his behalf or do part of Mark’s work. This dis-empowered Mark in the eyes of others. At the same time, it also affected the performance of those who shouldered with Mark when they should be focusing on their own areas. Were things getting done? Yes. Were the results as they could be? No. Social loafing induced a chronic mediocrity to which people became accustomed, labeling this stress from COVID conditions.

If you are a leader who sees too much teamwork (yes, this is possible!), it’s time to sit together and reassess how things are getting done. And if you have someone who is hiding in the crowd, this will quickly come to light.

3. Low value placed on the goal.

The goal may be attainable, but if your executive doesn’t see it as meaningful or relevant, they will not place their full energy into helping to achieve it.

James had been on the team for a couple of years when his leader, Bob, noticed James seemed disengaged. Further, he waited until the other executives weighed in on a particular decision, and then agreed with the majority, rather than to provide his own perspective. When I urged Bob to sit with James, this was an eye-opener.

“Patti, James wasn’t clear on how the goal related to the larger vision,” Bob shared. “It was as if he lost interest in helping to meet the goal because he couldn’t see the relevance.”

“Bob, you figured it out,” I responded. “James has been a social loafer. And you have pinpointed the problem. But you have a larger challenge, now. At his level, I’d expect James to speak up if he isn’t clear or is feeling disengaged. And he hasn’t done that. He has been coasting along, and you have lost a lot of valuable productivity from him. It will now be important for you to hold James accountable for speaking up when he isn’t clear on directives or a particular goal.”

These are just a handful of reasons that social loafing can occur on a team.

How do you begin to eliminate this so that your team can perform at optimal levels?

    • Be sure that, when collective goals are identified, responsibilities for each individual team member’s role in this are distinctive, clearly defined, and well-articulated. Let the team members know they will each be evaluated, not only on the collective outcome, but also for their individual part in it.
    • Establish how you will hold your team members accountable and set these expectations with them so you can catch any diminishing performance quickly and course-correct it. And ask yourself what information you need to receive on a regular basis in order to monitor and facilitate progress.
    • Identify and quickly intervene when you suspect someone is “hiding in the crowd” or “coasting” for any other reason. Recognize that one person’s compromised performance affects the entire team, whether this is readily visible in the early stages or not.

If your team isn’t working to capacity, it’s your responsibility as leader to make the necessary shifts to rectify this. The difference between good performance and high performance may define your company’s future and its impact.


© 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.

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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