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Patti Cotton

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Has Your Leadership Expired?

June 13, 2018 By Patti Cotton Leave a Comment

Has Your Leadership Expired?
Image Credit: Shutterstock

There is much buzz about “the organization of the future” as the top business focus around the globe. Indeed, in a world-wide survey conducted by Deloitte Touche Tohmatsu Ltd, the focus takes first place among 11 other key issues facing executives today as they ask themselves how to keep their respective companies sustainable into the next generation and beyond.

This makes sense. What leader doesn’t want his or her company to move into the future successfully? Those leading realize that, as technology and shifting customer demands transform the business landscape, they will need to restructure the organization, including many processes, roles and responsibilities, and other moving parts in order to deliver services and products.

But leadership needs to change, too.

In order to lead the organization of the future, to support required new approaches, ways of thinking, doing, workforce shifts, and so much more, leaders will need to up their game.

Is your leadership up to it?

Or is it out of date?

Top tenets of the organization of the future include operating at a faster pace, adapting more quickly to market demands, acquiring new knowledge more rapidly, and embracing dynamic career demands.

What will the leaders of today need to do in order to prepare for this?

The answer lies beyond a traditional emphasis on horizontal development, which concentrates on acquiring additional information, skills and competencies.

Instead, leaders will also need to add a focus on their vertical development – developing more complex and sophisticated ways of thinking.

This only makes sense: a more complex world mean that the organization needs to respond in kind.

To do this, we need a more sophisticated way of seeing and making sense of things so that we can lead effectively.

Here are some highlights of vertical development. Do you reflect these in your leadership?

  • Strategic Thinking 2.0

Your strategic thinking sees many patterns and connections. Gone is the black and white thinking of the past. It’s time to become comfortable with uncertainty as the norm instead of having a high need for certainty.

  • Leading Change

Success is no longer defined as achievement of individuals and teams, but a realization of a shared vision. Change is embraced as a culture and is a collaborative, ongoing process.

  • Leading Across Boundaries

Are you focused on the success of your own area of responsibility? This will be termed “siloed thinking,” and replaced by working in partnership with other functions. Brain-trusting will become a regular way of thinking and doing.

How do you develop these traits and practices in yourself, your team, and your employee base?

Nick Petrie, author of “Vertical Leaders,” www.CCL.org, outlines a 3-pronged approach that can support your growth initiative:

  1. Intense stretch experiences

Provide periodic “bursts” of learning stimulation by providing a challenging work initiative or project that stretches current thinking and skills.

  1. New ways of thinking

Hold periodic meetings with an outside facilitator with the intent of challenging beliefs and behaviors to develop higher thinking. During these meetings, choose two to three difficult business issues to surface beliefs, biases, and mental models so that you can collectively challenge these and shift thinking.

  1. Strong developmental networks

Use peer coaching to see through the eyes of different stakeholders and learn how to work on real-life issues incorporating multiple considerations.

As you review the suggestions above, you no doubt recognize that these kinds of shifts require dedication and time. However, without this commitment, your enterprise will probably become a casualty of the coming changes. Making the effort to meet the future now is an investment that will surely pay off today, as well as tomorrow.


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.

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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.

Getting Your Bold On

December 7, 2016 By Patti Cotton Leave a Comment

shutterstock_229429621a

Are You a Gambler or a Calculated Risk-Taker?

There’s a fine line between taking a calculated risk and being a reckless gambler – and you can win or lose big, either way. However, in today’s business world, it is necessary to take risks in order to remain competitive and ahead of the game.

How do you do it so you don’t lose your shirt?

Whether you are an executive, business owner, or other professional, risk-taking is a key factor in your ability to lead yourself and others into the future. It affects your direction, decision-making, choices, and actions. It is the difference between becoming a Vera Wang or Elon Musk – or a Jane Doe or Joe Blow.

Can you become a calculated risk-taker – and win?

Deborah Perry Piscione, author of Risk Factor, says yes. Piscione, a member of former congressional and White House staff, as well as a media commentator for several key news channels, now supports some of the greatest risk-takers in Silicon Valley where technology history is made. She and some of her colleagues have conducted research that reveals the “DNA” of bold risk-takers, and they have discovered several key attributes – all of which can be cultivated.

These traits include such things as refusing to accept the status quo, being in touch with a much greater purpose in life, valuing talented people and understanding how and when to collaborate with them, and being able to effectively execute an innovative idea or direct others as they do it.

Indeed, in my coaching practice, I’ve observed 5 ways accomplished risk-takers differentiate themselves from gamblers:

risk_chart

But at the foundation of all of this is to have a lower level of fear than most people, or even an absence of fear. Because it is fear that keeps us from considering those decisions and actions that are outside of the box, and that will take our business and career from safe and small to extraordinary.

So we tell ourselves that people must just be born with a risk-taking quotient, and that it doesn’t run in our family. This is our excuse for removing ourselves from the equation. We then step back into our ordinary space, playing it safe and small, while others take the leaps and celebrate the rewards.

However, risk-taking isn’t a genetic trait – it’s acquired. You can, at any age, acquire the tools, skills, and knowledge to become a calculated risk-taker, and learn to avoid the pitfalls of those encountered by the reckless gambler.

So it’s back to confronting and overcoming the fear, because the approach to risk-taking can be learned. I’ll be writing about a specific method I use with clients to do this in my next article.

But meanwhile, what fear is holding you back from getting what you want?  And how do you move past it? Join us on LinkedIn to share, and for more discussion.

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Patti Cotton helps women executives optimize their effectiveness in leading self, others, and enterprises. Her areas of focus include confidence, leadership style, executive presence, effective communication, 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, women’s leadership development, 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.

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