Patti Cotton

Executive Coach & Career Strategist

growth

The Courage to Lead

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The Courage to Lead
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Character does matter. And courage, as one of its virtues, is vital.

Many a person placed in a position of authority or power has fallen due to a lack of courage. And they have, in many instances, also damaged the lives of countless others under their leadership.

How does courage play into leadership?

Courage means making bold decisions under conditions of uncertainty – or standing up to oppose potentially bad decisions.

Consider Alan Mulally, who turned Ford around from impending doom to a viable, profitable company. When Mulally arrived, Ford was unwilling to address the issues that were sinking it. Further, the organization was losing $18 Billion that year. In order to bring Ford’s operations and infrastructure up to speed, Mulally borrowed $23.5 Billion, convincing the Ford shareholders to put up its stock and the famous Ford Blue Oval as collateral.

Courage means having the confidence to act in difficult situations.

Mary Barra, General Motor’s chairwoman and CEO since 2014, addressed an angry Senate investigating committee immediately following her appointment. The Senate was examining deaths from failed ignition switches on Chevrolet Camaros. Barra took full responsibility – a bold and risky action. GM subsequently recalled more than half a million cars affected and paid more than $120M in settlements. Moving forward, Barra took the company’s products from problematic to high quality, earning the business a new reputation of excellence.

Courage means taking risks, coloring outside the lines, trying new things. It means growth, exploration, innovation – and so much more.

The first step toward developing more courage is to identify where, when, and in which situations you feel your courage falter.

Do you need to flex when it comes to confronting a chronic, damaging situation? Deciding to cut losses to render the business healthier? Acting more quickly and decisively when faced with moral issues?

Avoiding the tough stuff only postpones the inevitable.

Maya Angelou once said, “Courage is the most important of all the virtues, because without courage, you can’t practice any other virtue consistently. You can practice any virtue erratically, but nothing consistently without courage.”

Where might you flex more of yours?

© 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.

Three Tips to Boost a Culture of Inclusivity

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Three Tips to Boost a Culture of Inclusivity
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An open and honest environment is important for a healthy company culture.

Fostering this is important to employee engagement and your ability to retain top talent.

But if your employees don’t feel free to express their opinions, you are keeping them from feeling more motivated to contributing their best work.

Why is this the case? And how can you turn this around?

Studies show that creating a sense of belonging in the workplace is one of the top criteria for an employee to feel engaged. A sense of belonging allows employees to feel like they are able to be authentic. And the ability to feel authentic at work affects an employee’s sense of contribution, which in turn, affects their engagement and performance.

Most CEOs pride themselves on creating such a sense of belonging. They cite great on-boarding processes, recognition programs, and intentional cultural markers and norms such as “Dress Down Friday” and the annual employee picnic.

But there is one area affecting employee retention that gets overlooked quite a bit. And this is making sure that you teach your people how to value differing perspectives or opinions.

As your employees come from all walks of life, backgrounds, beliefs, and experiences, they are bound to have various perspectives and opinions. And nothing will curb a feeling of inclusion faster than to discount someone’s opinion.

I’ve heard things in executive meeting brainstorming sessions such as, “Well, John, that can’t work because…” or, “That approach is impossible,” as first responses to someone offering ideas for solutions.

What happens?

Shutdown.

People hesitate to speak up. They are afraid of “getting it wrong,” or of being discounted.

And nothing is worse than sending that kind of message if you are trying to create a spirit of inclusion.

Everyone wants to feel included. Having that sense of acceptance and belonging is key to fueling the desire to contribute and be a part of something.

Here are three tips that will help you boost your culture’s spirit of inclusivity.

  1. Make sure you have a growth mindset.

Do you find your executive team is in a rut when it comes to new ideas? Make sure it hasn’t calcified to a fixed stance of “This is the way we have always done it.” You may not readily hear it, but you will see it in the way that your executives become complacent and comfortable with “what is.”

If this is the case, begin having brainstorm sessions around new ideas by asking the question, “What is possible, here? If we couldn’t do it the way we have always done it, how might we approach this?”

  1. The first responder to someone else’s opinion must be a cheerleader.

Develop the “carrot approach” to encourage people contributing their ideas and perspectives. Adopt the group norm that when a person comes up with an idea, the first one to respond must offer something positive.

He or she doesn’t have to agree with the opinion, but should at least laud the other person for thinking outside of the box. This kind of immediate response will develop a culture of acceptance and inclusion. No idea is a bad one – let’s consider it.

  1. Ask questions instead of making pronouncements.

When exploring the opinions and perspectives of others, take an open-minded approach by asking questions to dive deeper. “Tell me more,” or “Let’s talk about how that might work.” This keeps you on your toes to consider new possibilities, and at the same time, creates a spirit of togetherness as you work through toward a solution.

The next time you are tempted to share why a particular idea won’t work, pause and redirect. You’ll find that your team will become more engaged, animated, and willing to contribute at much higher levels.

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Fill out the form below and get instant access to the HOW TO RAISE YOUR INFLUENCE IN LESS THAN 5 SECONDS infographic.

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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.

Five Steps to Charter Team Values

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Five Steps to Charter Team Values
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Are you and your colleagues living up to your team’s core values?

Core values serve as a GPS to shape culture, drive better decisions, and sharpen best behaviors and attitudes.

Sadly, most don’t understand why they need core values at the team level, nor how to use these to move from average to high performance.

How do team core values differ from organizational core values? And how do you make your team’s values come alive?

I work primarily with leaders and their executive teams who are ready to either merge, realign, or grow. They know they need to improve the way they work together in order to tackle new vistas.

Part of the work I do is help the team create its own identity, establish a safe psychological space in which to work and play, and recognize its personal team power. These three factors are what go into creating a highly emotionally-intelligent team – one which outperforms others.

Without getting into the weeds in this article, part of the work we do together to accomplish this involves creating a team charter – a set of operating rules that the team creates together, and which are based on its core values. In other words, we define the attitudes, behaviors, and ways of doing that reflect the team’s values.

For example, if a team’s core values include honesty, the charter might define what honest conversation looks like, what honesty looks like in the face of conflict, etc.

Chartering your team’s core values in this way makes them come alive. It is powerful and serves as the foundation of your team culture.

What is important to remember as you develop active core values?

Here are five steps to keep in mind.

  1. Develop your values with full team participation.

Every person on the team needs to be involved in the process of defining your values. This creates buy-in and ownership. Do you have someone who is reticent to participate or to speak up? Make sure you include them and let them know their weigh-in is important.

  1. Hold a discussion with your team on what these values mean for you.

It is not enough to pick a word to represent each value – you collectively need to come up with a definition that reflects what you mean by that word choice. Craft together two or three sentences that expand on the value’s meaning until you feel it reflects clear definition to the team.

  1. Identify attitudes and behaviors that support these values.

Take some time to talk about how you should relate to each other (and other teams) in light of your values. If one of your values is integrity, what kinds of attitudes and behaviors reflect this? What needs to change in order for you to fully embody each value?

  1. Assess your systems, processes, and protocols to ensure these support your values.

Do a review of these to see if they support your values. What changes need to take place in order to have these align with your values? This is truly systematizing a team culture.

  1. Accountability as a way to fully integrate your values.

How will you hold yourself and others accountable for the way you embody your charter? I suggest you define this, and then do a spot check-in at least once monthly. Be candid in rating the team – and if you are courageous, ask an external stakeholder to review your values, their definitions, and to share with you any gaps or growth opportunities they see in the way your team lives these.

Are you and your colleagues living up to your team values? Where do you need to start?

Download the Free Infographic

Fill out the form below and get instant access to the HOW TO RAISE YOUR INFLUENCE IN LESS THAN 5 SECONDS infographic.

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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.

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.

GET THE INFOGRAPHIC

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.

New Year, Same You, Celebrate!

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New Year, Same You, Celebrate!
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It’s that time of year, again, and the pressure is on to turn over a new leaf or achieve more. If you are like many of us, the process of identifying what we need to do more of, and visioning about what could be can be frustrating.

Indeed, the statistics on succeeding with New Year’s resolutions is grim. It is said that 80% fail by February. The reasons could fill a book (and they have!). But I’d like to propose a new approach for your new year that is more powerful.

Consider focusing on what is working for you and take that to a deeper level.

You see, we’ve fallen prey to thinking we must target imperfection and head for perfection. And perfection is something that is not humanly attainable. Even so, the world keeps telling us to get more, do more, and be more than we are – a dastardly setup. As we buy into this, it can create and feed the mindset of a hamster on a wheel – keep going, spin faster and faster. And we all know where that ends (if you don’t, the wheel only spins until the exhausted hamster stops).

What would it be like, instead, to capitalize on what is working for you and simply do more of that? To create a mindset of gratitude for the abilities you possess, and to use these to impact the world around you to a greater level?

Here’s a five-step process that can help you to be more of your best self, make bigger impact, and simplify your life at the same time:

1. Take an inventory to identify the top three gifts or abilities you bring to life’s table.

  • Are you someone who is able to influence others easily?
  • Do you have a special gift for making sure that things run smoothly? Note these.

2. Measure the impact you have been able to make by using these top three gifts.

  • In other words, because you have used these gifts, what outcomes have you been able to see for yourself?
  • For others?
  • How have these made a difference?

3. Do a mental scan.

  • Discover the opportunity you have to be even more effective through flexing these gifts.
  • Mentally scan the areas in life and work where you could use more of your top gifts to make greater impact. Let’s call these areas your “growth areas.”

4. Triage to streamline.

  • You may see a growth area where you can flex more influence, but in doing so, you won’t have as much time to spend doing other things.
  • Don’t make the mistake of stopping the exercise – this is part of the process. Instead, simply make a list of these other things.

5. Prioritize

  • Now, take the list of things you have identified that might interfere with flexing your gifts to a greater extent.
  • Are they things someone else can take over for you?
  • Or are they initiatives that are “nice” but not necessary – or which can be pushed back to a later time?
  • Be intentional in your prioritizing so that you create a picture for yourself that is congruent and effective.

You hold the key to the new year. You alone can choose how you want to spend your time, your focus, and whether you want to make significant impact.

I encourage you to step off the hamster wheel the world has created, and to claim a platform where you can truly make more of a difference.