Patti Cotton

Executive Coach & Career Strategist

leaders

What Should Keep a Leader Awake at Night

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What Should Keep a Leader Awake at Night
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As a leader, you are consumed with many moving parts.

These are some of the cycle of thoughts that keep you awake at night.

  • Holding on to good talent.
  • Keeping the business units aligned and performing at their best.
  • Increasing revenue while keeping costs down.

But what should keep you as a leader awake at night is a bit different.

Facing this issue head on will help you rest well, because it has a universal effect on all those areas that are the current causes of sleep deprivation for most leaders.

It has to do with moving into the future successfully. And there are three steps you can take that will help propel you forward.

The organization of the future is already here. It is yours, if you want to accept the challenge. Three things will help you set the right foundation so you can move forward with much greater ease. You’ll find them outlined below, along with some great reading materials to help you do so.

Three Ways to Help Move Your Organization into the Future

1. Assess your ability to adapt.

How effectively do you flex with change?

These days, it is no longer a question of coping. We work in a global marketplace, where a business shift in China means impact on business in Southern California. Agility is de facto a top focus for the leader. Do you find yourself resisting change or embracing it?

For more on a growth mindset that will help you sharpen your agility and adaptability, the following book will help: Mindset by Carol Dweck, PhD.

2. Maximizing your talent.

At the team level, you should be asking yourself how you can empower your team to help you lead. You may already be great at empowering great talent, but have you thought about pooling their brain trust on issues you normally own as part of your bailiwick?

Begin to bring your executive team together on issues you normally take care of, and present these for discussion and learning. Not only will you be mentoring at a greater level for succession planning, you may also learn a few things that will help your decisions to become your best.

For more on “teams leading teams,” see the article “The Symphonic C-Suite: Teams Leading Teams” by Deloitte experts Agarwal, Bersin, Lahiri, Schwartz, and Volini.

3. How can you get ahead of the curve?

Can you actually predict trends before they happen? If so, your competitive edge will now take you firmly – and first – into the future.

Does this sound impossible? You can actually grow your visioning skills to make the “what if” a palpable tool for your strategic planning.

To flex your ability in this, begin by reading the book Anticipate: The Art of Leading By Looking Ahead by Rob-Jan de Jong, PhD. Expand your visionary capacity with practical tools provided by this Wharton professor to change your ability to stay ahead of the curve.

Here is what we know: the organization of the future is here. Whether we accept the challenge depends on continuously sharpening the skills to do so. Let me know how you enjoy these resources.

HOW MUCH

DO OTHERS REALLY TRUST YOU?

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Three Ways Humility Can Make You a Better Leader

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Three Ways Humility Can Make You a Better Leader
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Rick Warren once said, “True humility is not thinking less of yourself; it is thinking of yourself less.”

In a business world where ego has often been confused with strength and vision, proposing humility as a leadership trait has, in the past, been difficult to accept. Yet today, we realize that in order to lead well and make impact, bringing out the best in others by putting their interests and the interests of the company first is paramount.

This requires leaving your ego at the door.

Top-down leadership is, in fact, outdated and counterproductive. In the business world, we have witnessed terrible situations where this approach has gotten out of hand, and ego has given way to hurting many people on a large scale: Martin Wintercorn and the Volkswagen scandal, Hisao Tanaka of Toshiba, Martin Shkreli of Turing Pharamaceuticals… (For more about this, see my article “Beware of Hubris Syndrome.”)

Through these situations and many other lessons learned, leading with humility is paramount.

Today, even when a company’s organizational chart still resembles a pyramid, the roles and responsibilities throughout the enterprise call for leadership at every level.

Ownership and autonomy are fostered up, down, and sideways throughout the enterprise. Accountability is still king, but the difference now is that it is mutual. Shared decision-making is embraced. A culture where the people come first naturally produces best outcomes because it promotes in the workforce the feelings of trust, purpose, motivation, and engagement.

Since humility creates the type of environment that is needed for the organization of the future, we must intentionally incorporate it into leading. Being selfless with the larger agenda of leading an organization and primarily concerned with the well-being of the organization and the people in it is what works.

Here are three ways your own leadership can become even more impactful with humility.

1. Stop micromanaging, and empower your people.

Where are you hoarding a “top-down” attitude in your leadership?

Do you find yourself reticent to delegate because others might not do it as well as you? This is an indication that you are not empowering your team – and this means you are short-changing the company. I’ve coached many executives and business owners who fear letting go. If this is you, come up with a plan to mentor so that you can effectively support the present as well as the future.

2. Listen and learn to model personal growth.

Keep yourself on an honest and supportive growth journey by joining or forming a group of like-minded leaders who are willing to share, introspect, encourage, and hold each other accountable.

Be open to the ideas and perspectives of others in your company and receive feedback as a gift and not a criticism. Modeling your own growth allows others to embrace their own development opportunities and fosters a strong and productive learning culture.

3. Admit your mistakes and course-correct.

Are you avoiding having to deal with a poor strategic move? Perhaps you have hired a key individual who has turned out to be toxic. Or it may be that you have turned the company’s attention to a new initiative that is damaging its ability to deliver services or products to your current customers.

If you are sending out messages such as, “That’s just the way he is – just work as best you can,” or “Once we get through this, things should settle down,” you are modeling avoidance.

Instead, model accountability to them and the organization. Decide on a plan to course-correct, and implement it. Show your people that it is human to make mistakes – and that it is true leadership to deal with them and learn from them.

Humility is not being servile or weak.

It is being strong and confident enough to keep your focus on the bigger purpose and all that goes into making this a success. And that is true leadership.

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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Jumpstart Company Performance with Trust

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Jumpstart Company Performance with Trust
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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.

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Three Ways Compassion Makes Your Business Better

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Three Ways Compassion Makes Your Business Better
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In a recent CBS This Morning interview, Jeff Weiner, CEO of LinkedIn, expressed the importance of compassion in the workplace.

Regarding the organization of the future, Jeff said, “It’s about walking the walk… It’s about looking at different perspectives…it’s about those interpersonal or soft skills…that will set yourself, your team, and the organization up for success.”

To some people, this may sound like fluff.

After all, what’s love got to do with it?

How do you link compassion with success in a way that makes business sense?

First, let’s define what compassion is – and what it isn’t. A short definition of compassion is to have concern for the well-being of others. For more on this – and to learn what it isn’t – see my article on compassion and boundaries.

How does having concern for the well-being of others increase the bottom line?

Here are three ways compassion directly impacts your revenues.

1. Communication.

When compassion is absent from communication, it reflects a lack of willingness to walk in the other person’s shoes.

It is evidenced by little or no interest in hearing the perspectives of others, or in seeking to understand. It is also evidenced by a heightened tendency for reactive and judgmental thinking.

Poor communication can actually cost your company an average of $26,041 in productivity per employee per year. It can cost your managers the ability to perform the work and manage others; and it can cost you your leadership reputation.

2. Team and organizational alignment.

When compassion is absent from a company, teams and team members within teams work in silos.

Silos are responsible for missed deadlines, arguments over who is responsible for what, distrust, poor assumptions about others, conflict – the list goes on. The energy in such a business is negative and draining to the soul, and productivity is low as a result of it.

Do you consider yourself a compassionate leader? Be careful. Hubris Syndrome can creep up quickly, and you may discover you have actually compromised your leadership. For more on this, see my article: “Can You Lead with Heart and Get Results?”

3. Competitive advantage.

Caring for others gives you a corporate edge. But when compassion is absent, it has been proven to compromise your employees’ feelings of safety and loyalty.

They doubt that learning, collaboration, and innovation are possible at your company and can shut down, which impacts the bottom line. Service quality suffers without compassion, and the employee’s desire to empathize with others and move beyond personal bias to form a team suffers as well.

It is time to identify and take action on strategies for the workplace that ignite compassion, because, as you see, love and results do, indeed, go hand in hand.

Inspired by the book, Awakening Compassion at Work: The Quiet Power that Elevates People and Organizations (Berrett-Koehler Publishers, 2017, 272 pages)

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DO OTHERS REALLY TRUST YOU?

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Has Your Leadership Expired?

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Has Your Leadership Expired?
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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.

GET THE INFOGRAPHIC