growth

The Perils of Living by Transactional Goals

September 26, 2018 By Patti Cotton 1 Comment

Goals are powerful. Reaching these culminates not only in great reward, but also a sense of achievement, confidence, and moving ahead.

But goal-setting can also be perilous.

In my practice, I generally partner with the CEO or a member of the senior team to work through transitions of all kinds. If they approach me about doing organizational work, they generally seek success in helping the enterprise expand or realign to keep up with current and future demand. If I am brought in to help them or a member of their team on a personal level, they focus on goals such as higher productivity, better performance, or a greater ability to meet company objectives.

The challenges for which these leaders engage me are important. The world demands that we show up and keep up if we are to remain competitive and viable. But these goals are transactional.

And transactional goals can actually be harmful and counterproductive unless these are tied to a bigger transformation.

Before I explain why and how, it’s necessary to explain the difference between transactional and transformational goals.

First, the word transaction relates to the action of conducting business. It calls to mind those tasks and activities that are required to ensure smooth operations. The word transformation, on the other hand, connotes a metamorphosis or life change.

Here are some examples for comparison:

The goals in both columns can be worthy. However, unless you set your transactional goals with the following in mind, you may get into trouble.

Ask yourself the following:

1. Does this goal align with my values?

Unless you begin with your values in mind, you may wind up setting goals that conflict with what you hold most important. For example, if a chief transformation you desire is to become a more attentive and devoted parent, but all of your transactional goals keep you from being with your family, this is a conflict. Before you set any goals, revisit your top values and use these as your compass.

2. Does this goal support my own priorities?

Transactional goals may be subconsciously chosen to please or impress others, instead of being in your own best interest. I have coached executives who seek to achieve more so that they meet an ideal that their deceased parents held dear. Living your life for someone else will eventually wind up as a life “un-lived.” Ask yourself why you have set a particular transactional goal and whether this is truly a priority for you, regardless of others.

3. What transformation does this goal support?

Your transactional goals should support a sought-after transformation. Quite often, we can become addicted to reaching transactional goals and treat these as the “end game,” or tie this to self-worth (“I achieve, therefore, I am worthy”). Either is a dangerous and misleading path. Make sure that your transactional goals are simply milestones toward a larger transformation you desire for yourself. A good example would be, “I will lose 10 pounds (transactional) because this is part my goal to adopt a healthier lifestyle (transformational).”

In addition to these cautions, be sure to respect the journey as you work toward your goals. This is where great growth and transformation – the process of becoming a better version of yourself occurs.

Note: With appreciation to a great friend, Dennis del Valle for inspiring this topic. Dennis is a well-known marriage and family therapist, thought leader and speaker. Part of his practice entails leading small groups of highly successful business leaders to achieve exponential personal and professional growth, and I am privileged to be a part of one of them.

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.

Jumpstart Company Performance with Trust

July 4, 2018 By Patti Cotton Leave a Comment

How high is the trust quotient in your company? If it’s low, you are among the 47% of American companies currently losing significant dollars and competitive edge.

How does trust affect company performance?

Well, compared with people at low-trust companies, people at high-trust companies report: *

74% less stress
106% more energy at work
50% higher productivity
13% fewer sick days
76% more engagement
29% more satisfaction with their lives
40% less burnout

And those factors have everything to do with individual, team, and company performance.

So now what? How do you raise the trust quotient in your organization?

Here are some important steps to building greater trust.

1. Create shared agreement.

You’ve set company goals, but has your workforce integrated these to support them? When was the last time you had your executive team review their areas to ensure these are aligned with the company-wide goals? Do the metrics and milestones support the goals? Are there any conflicting processes or practices that might silo teams from one another?

If so, ferret these out ruthlessly. Otherwise, you are pitting teams against one another, thus causing mistrust to grow.

2. Respect shared accountability.

What are your practices for setting expectations, reporting on progress, and measuring against your projected success?

If any of these are missing, this will create questions and assumptions about the work of others. In the absence of information, people will create stories to make meaning. Unless you have a regular communication process that keeps everyone in the loop, someone may be assuming others are sleeping on the job – or worse. Assumptions are deadly because they erode trust.

3. Be honest.

Do you foresee you will be unable to deliver a product to a customer? Mentor honesty to your company. Make the difficult call to let the customer know as soon as you are aware. Your customer may not be pleased, but will appreciate your integrity.

Once this happens, re-examine your processes and practices to see what needs adjusting so that this is not a trend.

Are you in the planning stages of a downsizing or merger? Plan out your communication plan to your employees. Delivering tough messages is unpleasant, but saying nothing and surprising people is a trust-breaker.

4. Treat mistakes as points of learning.

Model this for your workforce.

Admitting you were wrong about something and sharing what you have learned from it shows others they can do so, as well.

The quickest way to cut creativity and innovation to the quick is to support a culture of perfection. If your employees get the message that perfection is king, they will play it safe by under-committing and performing at a safe, sub-par level because they don’t trust the company to regard them in the same light if they make a mistake.

Celebrate mistakes. It means you support learning, which is part of a successful future.

5. Facilitate “whole-person” growth.

Are you losing employees when they find promotion opportunities outside of your company?

It may be time to chart out the employee journey, with clear tracks, and supportive education and growth opportunities for both personal and professional development.

The organization of the future will keep learning and development as top priority, bringing meaning and fulfillment to its employee base. This creates a trust in them that you have their interests in mind.

When have you experienced a lack of trust at your company? How did you approach remedying this?

*Source: Zak, Paul. “The Neuroscience of Trust.” Harvard Business Review, Jan-Feb 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.

Can You Lead with Heart and Get Results?

February 14, 2018 By Patti Cotton 1 Comment

A business can’t exist without meeting its bottom line.

But neither can a business exist without its people.

You’ve probably been in the room when budget is discussed, and someone diagrams the tension between dollars and people to get to an answer. The thought there is, too low on dollars, and we aren’t investing enough in infrastructure; too low on people and they won’t be engaged and produce.

But this is the wrong question.

What if I told you that in order to make your business perform at higher levels and meet the future more successfully, that you invest in people first, every time?

Can you really lead with heart first and get results?

Many misunderstand and think that leading with heart means taking on a maternal approach to leadership and offering a shoulder to cry on. Not so.

Leading with heart means leading with authenticity and service. It means putting people first. It’s having the ability to build trust and followership through influence and a genuine sense of service (and not because of position or power).

When you lead with heart, you get results.

Why?

Putting people first, building bonds, fostering their growth, and supporting their interests results in greater motivation. Your people become more highly engaged, and take more initiative. And this means more productivity. It means your workplace will experience a culture of creativity and fun.
All of this leads to a healthier and happier bottom line.

Instead of leading your decision-making with the dollar sign in front, keep your people as first priority.

What are the characteristics of leading with heart? Here is a short list to help you reconnect head and heart:

1. Lead with authenticity.

If you are attempting to emulate someone else’s style of leadership, or you haven’t taken the time to explore and discover your “inner leader” – your strengths, values, and personal mission – then you aren’t operating at your most powerful and best. Your natural gifts allow you to contribute at highest levels. Don’t play the comparison game – do the work to discover who you are as leader so that you are genuine in your approach to life, work, and relationships.

2. Serve with a sense of purpose.

Develop your why. Why do you do what you do? Why does the business exist? How do you and the business change things for the world? If you haven’t taken the time to answer these questions, then you don’t possess the drive that comes with purpose. Serving with purpose allows you to step outside yourself to connect and see how you can serve others. And that’s heart.

3. Develop capacity for love and caring in the workplace.

This may sound counter-intuitive. Yet, we are talking about the ability to build deep bonds and trust with others. This may sound rather esoteric, but stop to think for a moment: when human beings carry wounds and personal agendas fueled by a disconnect in character or poor experience, they step back, reticent to connect with others at a deep and personal level. This keeps others from trusting them, and staff will serve their leader out of fear and not out of love. If this is the case, motivation and engagement will take a deep dive – and so will your bottom line.

4. Foster growth and empowerment in others.

This may seem to be a given, but stop and think: are you someone who directs others and tells them what to do, or do you practice active listening and asking careful questions so that they can develop their personal growth? Are you someone who finds it difficult to trust others to get the job done, or do you take safe risks that allow others to flex their skills and learn to acquire greater tools?

5. Model and teach collaboration.

It’s easy to get the job done; it’s more challenging to allow others to participate and bring them along in the process. Do you find yourself saying, “Oh, I’ll just do this right now and we can move on,” or do you recognize the value in teaching collaboration? What else might get in your way of modeling collaboration? You’ll want to break through this so that you can create a powerful culture of team.

6. Confront courageously and in love.

Learn to love conflict, and to seek reconciling it wherever possible. Modeling this for your business will allow others to support reconciliation instead of forming silos and carrying the stress of unresolved conflict. Poor communication and conflict account for 87% of all productivity loss in the workplace. Learn to confront with courage and by being tough on issues and tender on people.

7. Celebrate creativity, fun, and initiative.

Are you having fun yet? Do your employees show they are enjoying what they do? If not, you will want to look at fostering a spirit of creativity and allowing more brainstorming and collaboration on areas you have considered closed. Cultivate the ability in yourself and your people to consider various perspectives outside the norm. Remember – the most amazing inventions have been born out of thinking outside the box. And thinking outside the box means stepping outside of it.

If you can master these seven steps, you will truly be on a strong path to leading with the heart. And in a world where technology continues to grow and impact our ability to lift each other up, cultivating the human spirit in love is more important than ever before.

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.

Seven Steps to Providing Supportive Feedback

January 3, 2018 By Patti Cotton Leave a Comment

Have you ever had an employee ask for feedback?

In theory, this is a good thing. After all, who doesn’t want to lend a hand when a colleague or report asks for help – especially when it pertains to their effectiveness on the job?

Or perhaps you see the need to give an employee feedback, even when they haven’t asked for it.

Either way, you may not feel safe or comfortable as you think about what might happen as a result. Your intention to help may be met by the employee becoming defensive, hurt, or angry.

What then?

How do you handle this? How do you provide information that is candid and in their best interest, and do so in a way that doesn’t backfire?

Seven Steps to Providing Supportive Feedback

1. Be thoughtful and specific about what you both want to accomplish.

Whether your employee has initiated the conversation by asking for feedback, or you have recognized that feedback is needed and have asked them to talk to you, you will want to identify why the feedback is needed and how this will help them, their team, and the company going forward. This will help you frame the conversation supportively, and help them to understand impact.

2. Set up an appropriate setting for your conversation together.

Make sure you and the employee have some dedicated time and are in a place that is quiet and confidential. Feedback provided in passing or in a public place is neither respectful nor beneficial.

3. Emphasize to the employee your desire to be helpful by providing feedback.

If they have initiated this conversation, thank them for placing confidence in you as part of their growth trajectory. If, on the other hand, you have initiated the conversation, you can share that part of your role is to help them grow into more of their potential, and that you take this seriously. In either case, you will want to convey that you come with best intentions and the desire to support them.

4. Affirm them first for the value they bring to the team and the company, noting some of the key strengths you appreciate in them, and how these strengths benefit the company.

Be specific. Use illustrations. For example, saying that someone brings a lot of strengths to the table is too vague and may sound dismissive. On the other hand, identifying that someone exhibits a lot of integrity in the way they deliver results on time or include others, for example, during the last major project…well, you can see the difference. Follow the latter illustration as you recognize their value.

5. Pay attention to your language as you point out growth opportunities.

Let’s say that your employee has a habit of over-promising and under-delivering. Rather than say, “You are untrustworthy,” or “I can’t count on you,” use an illustration to show how their behavior impacts the situation. You might say, “You and I agreed on a deadline for your piece of the XYZ Project. When you were unable to meet this, it meant the team was delayed two weeks in completing their portion so that we could deliver to the customer on time.”

6. Tell them what you need and offer your help by coaching them on this going forward.

Following our illustration, ask them, “Can you shed light on this? Is there something I am missing?” Pause and allow them to respond. If they do not realize this problem is isolated, you may want to give a second situation where it occurred. Either way, you can then ask, “How can I help you so that this one area doesn’t hold you back?” Asking, rather than telling, will allow them a growth moment, allowing them to develop awareness about the problem, and to identify any possible solutions.

7. Offer a go-forward plan.

You can share any insights you have, once you have allowed them to respond. And be intentional about checking in on a regular basis to share how you feel it is going. Catch them doing right when they are on time, and let them know you appreciate it. Give them feedback, as well, if it occurs again, and ask them to help you identify how you can work together to avoid it in future. Hold shared accountability in this.

I’d like to hear of your experience in giving feedback. What has worked – or not worked – for you? How do you use this knowledge as you provide feedback going forward?

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.