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100 Best Performing CEOs: How Do You Measure Up?

November 21, 2018 By Patti Cotton Leave a Comment

100 Best Performing CEOs: How Do You Measure Up?
Image Credit: Shutterstock

The Harvard Business Review (HBR) has just come out with its annual list of 100 best performing CEOs in the world.

Who are these leaders and what makes them different?

The team at HBR uses tough criteria to identify and rank these CEOs, assessing their capability to lead in a volatile world.

How do you measure such capability?

Outcomes.

Quite a bit of HBR’s process involves reviewing the profitability and forward movement of the company, seeing how well it sustains momentum in the midst of challenging outside forces – “savvy competitors, demanding customers, profit-hungry investors, political and economic headwinds” (Best Performing CEOs in the World 2018).

How would you measure up?

Is it fair to judge you as leader when external forces aren’t in your control?

Yes and no.

You certainly cannot change or control external forces.

But you can change the way you meet them.

And this is exactly how these 100 best performing CEOs became part of HBR’s list.

Of course, vision, strategy, and focused action all played into successful outcomes. But what makes the difference for winners once the plans are in place are two things: steadiness and stability.

That’s right – steadiness and stability.

Sound dull? These are two of the most underrated traits in leadership – and yet, two of the most important.

Steadiness is the ability to continue pushing through even at the toughest times so that you can emerge from the toughest of maelstroms. And stability is a foundational strength that provides focus, security and safety.

It stands to reason that, unless you can lead with steadiness and stability, you will compromise your targeted success.

I recall a time in my younger years when my then 35-year-old father left his teaching position to develop healthcare facilities. His vision and strategy were sound, and against all odds, he first developed a retirement center, a convalescent and rehab center, and a hospital all within three years. The city sorely needed these facilities – even the hospital which was just a mile from a larger more established one. The administrator of the latter had shared with Dad that they needed overflow facilities and if Dad would develop a community hospital, there were patients waiting.

So Dad began developing these with a passion and determination that were unparalleled. But he met with great resistance. Someone in town complained that if another hospital was built, that his dog would be nervous. Someone else tried to get in front of Dad and quickly develop a hospital before he did, even after Dad had procured the licenses and permissions necessary to break ground. There were fights and opposition all around. And 16 City Council hearings. Sixteen.

I reflect on that and ask how many people would have weathered all this at 35 years old. In the end, he won – and so did the town, which has benefited from these facilities for several decades, now.

But Dad could not have done this without unwavering steadiness – the commitment to push through even when incredibly discouraged and feeling alone. He could not have done this without the stability that his vision gave him – the strength and commitment to move with focus.

How would you rank your steadiness? And your stability in the face of opposing winds?

Here is my personal challenge to you for growth:

  • During this upcoming holiday season, I invite you to reflect on those times when you have faced difficulty, but still pushed through to successful outcomes. Celebrate this!
     
  • Ask yourself where there is room for more steadiness in your leadership…more stability. What stretch goals do you have for yourself, your team, for the company – and how will these traits play into reaching them?
     

Are you interested in developing greater leadership capacity in your work and life?

Come and join me at the Bellevue Club Hotel in the Seattle area on November 28 to hear more about how you can do so. Seating is limited and folks are flying in to attend, so please rsvp only if you are sure you can be there: https://www.eventbrite.com/e/3-essential-shifts-every-leader-must-make-tickets-51973207262.

Or for Southern California leaders, e-mail me at patti@patticotton.com for details of a private upcoming event in the Inland Empire.

Townsend Leadership

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 Essential Shifts Every Leader Must Make – Part 3

November 14, 2018 By Patti Cotton Leave a Comment

3 Essential Shifts Every Leader Must Make Part 3: Leadership and Brain Trust
Image Credit: Shutterstock

Leadership and Brain Trust

How well prepared are you to lead into the future?

The world now requires that you lead at a higher level to navigate change and complexity.

It demands that you have a greater capacity for the kinds of decisions and challenges that confront you now and in the future.

This requires a powerful three-pronged approach to support your leadership.

Over the last two articles, we talked about two of these elements, and they are:

  • Sharpening your emotional intelligence skills to increase your relational skills, your ability to influence and to impact
  • Up-leveling your leadership character to fuel your skills and potential

Without these two abilities, you as leader may be close to your expiry date.

This week, we’ll talk about the third and final element to developing your leadership capacity: brain trust.

What is brain trust, and why do you need it?

The term “brain trust” is a term that was first coined by James Kieran, a New York Times reporter. He used this term to describe the group of leaders assembled by Franklin Delano Roosevelt during his presidential administration. President Franklin brought these “brains” together to advise him, decode problems, and design new solutions for America.

It is critical that a leader has a brain trust for several reasons. Here are the top five:

  • Perspective

Because leading requires complex decision-making, being able to see and understand a problem or challenge from all angles is necessary.

Albert Einstein’s quote reminds us that you can’t solve these with the same mindset that created them. However, it is often difficult to step outside oneself to see these additional angles. Having a brain trust made up of people who come from various industries and backgrounds means you can tap into a vast pool of experience for greater perspective and creative solutions.

President Roosevelt’s brain trust helped him to enact 19 laws to meet America’s challenges in just the first 100 days of him being in office. He freely admitted this was due to having an intellectual powerhouse to bring ideas and perspective that he could not bring to the table alone.

  • Powerful Support

It gets lonely when you carry big responsibilities. You balance many demands and set the standard for your organization.

Carrying all this alone can cause isolation and stress, as you feel you must face and meet these challenges by yourself. In fact, a recent survey shows that 60% of all leaders express feelings of isolation and they report that this hinders their performance.

Unburdening and processing with family, friends, or direct reports often creates greater stress on these relationships and can’t provide the right kind of support the leader needs to meet life and work effectively.

It is important for you as leader to have a safe and powerful support system that is trustworthy, confidential, and one that can receive and help process the complexity of your challenges.

  • Challenge

If you want to continue to grow so that you lead both your life and work solidly into the future, you need input.

What are you not seeing that you need to examine?

How is not leading at a higher level affecting your life and work?

With great responsibilities, you can operate from “stress mode” as you address the immediate and urgent. This can develop tunnel vision, and you will lean on familiar approaches that cannot meet more complex problems. This dynamic will keep you from being able to solve these, and to meet the important goals that will truly make a difference for you and the others around you.

A brain trust will challenge you where you might be playing small with limited thinking or approaches. It will provide that safe space for you to confront where you are holding yourself back and decide how you want to move forward.

  • Accountability

Change is hard; growth is hard. Without an accountability mechanism, the biggest goals and commitments are seldom met successfully.

As you process and make the decisions you need in order to move forward in both your life and work, a brain trust will keep you accountable to yourself and your commitments. And because a brain trust’s only agenda is your agenda, you can count on your brain trust as an unbiased and supportive group that has your best interests in mind.

This will help you to stay on track and to focus where you need in order to meet goals.

  • Community

How edifying and uplifting is your community?

If you are like most, you have little time to enjoy the nurturing benefits of connection and community. In fact, your responsibilities and pace as leader can limit your ability to form meaningful community and to enjoy the gifts and benefits of bonds and belonging.

Sadly, if you are like most leaders, your community feels fragmented and might be made up of some or all of these:

  • Frantic seasonal socializing to reconnect with old friends during holidays
  • Networking and brainstorming with peers
  • Industry or business-specific meetings with colleagues
  • Connections with families of your children and grandchildren during sports season
  • A weekly (if even that!) church experience

An intentionally-focused community that encourages intellectual improvement, supports personal and professional growth, and genuinely cares about you is an invaluable and rejuvenating asset to the leader. What’s more, being able to connect with this kind of community in time of crisis or celebration is priceless.

“When we live our lives in isolation, what we have is unavailable, and what we lack is unprocurable,” wrote Basil.

It is time to admit that going it alone doesn’t work anymore.

As you seek to meet the challenges of the future more effectively, having a solid brain trust is a not a “nice to have,” but a necessary component to your life and work.


© 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.

How Your Leadership Identity Can Keep You Stuck

September 5, 2018 By Patti Cotton Leave a Comment

How Your Leadership Identity Can Keep You Stuck
Image Credit: Shutterstock

Who do you say you are?

The way you see yourself, your leadership identity, is the reference point you use in relating to others, making decisions and taking actions.

It’s important to knowing how to operate and in feeling confident as you go about it.

This means that when your identity is threatened, you’ll do just about anything to protect it.

But, sometimes, this self-protection can actually hurt you and your potential.

Maybe it’s time you rethink who you are.

We formulate our identity through life experiences, making sense of how we perceive ourselves and how others perceive us.

Let’s say I report to you. I will form my identity around questions such as, “Am I doing well?

What does my boss feel I’m doing well? Does my boss recognize my gifts and strengths? Does my boss think me worthy of promotion?”

These are just some of the questions around which I will form my identity, along with other feedback I receive from you, others, and the work I perform.

Conversely, if I’m your boss, I’ll be asking myself questions like, “Does my report see me as influential? Effective? Worthy of respect?” And other pertinent questions relating to the way I see myself – and want to see myself.

We will watch for feedback that tells us we are right about ourselves – our gifts, abilities, our potential – and our limitations. And we will then operate accordingly.

Of course, identity starts much younger than this, and we all bring this history with us to the present. What this means is that your identity has already been shaped and you will subconsciously seek to reinforce it by the way you approach life.

Sadly, the feedback we receive is anecdotal and can be faulty and limiting. It comes from many situations and sources over time, coupled with our own synthesizing of the information. It  takes into account what is perceived to be true at the moment, which is at best, partial and imperfect. And it does not take into account what is possible – our potential.

The struggle becomes apparent when we begin to ponder our potential. What’s possible for me? Using our leadership identity as a reference point becomes limiting. By checking against this perceived identity to see if something is possible, we limit ourselves to who we could be because we are referencing who we think we are.

This situation was nowhere more apparent than with a client of mine a few years ago. Danielle had been promoted from senior manager of a department to vice president in charge of multiple areas of responsibility.

Danielle had done extremely well as senior manager. Always the one to meet deadlines and keep things running, she prided herself on getting things done. When someone in the department had a personal issue, Danielle was the one to jump in and help complete the work. She enjoyed hands-on opportunities – this was gratifying and gave her the sense that she was doing something important.

All this came to a halt the day Danielle was promoted to vice president. The company felt she managed the department well and could now take on multiple areas of responsibility. Of course, Danielle was elated. She felt a sense of pride in the confidence the enterprise gave her, and the promotion reinforced her sense of self-worth.

However, Danielle was now faced with managing a different way. No longer could she jump in to complete someone else’s work. It was not possible to take on projects “hands on” as she had done in the past. The responsibilities were too vast, and this called for her to step up in leading others to get the work done. It required more influence than brawn, and a way of holding areas and managers accountable for actually doing the work.

And Danielle found herself in trouble.

Her own leader, John, allowed Danielle some time to “get her feet wet,” but began to notice a troublesome trend. Danielle began to work long hours and weekends when others were gone. She developed the poor habit of being late to meetings. She showed signs of great stress, and John decided she needed help. He called me.

When I met Danielle, she was frazzled, and frustrated that she had to take time to meet.

“I really don’t have time for this, although John thinks executive coaching will help. Is it possible to push this back a few months? I’m concerned that I won’t be able to get things done on time – and that’s a huge problem for the way my boss sees me.”

I realized she felt cornered and pushed to her limit.

“Danielle, if I could help make your job easier and help your boss and others to see you as competent, effective, and up to this new appointment, would you be willing to give me some time?”

“Well, if you put it that way…” she responded. “I’m just plain worn out.”

“I can see that,” I answered. “And I’m so sorry you are feeling worn out and overwhelmed. Let’s see if we can fix this.”

After some careful conversation together, it became apparent to me that Danielle was holding herself back from stepping fully into the new role – because of who she thought she was – her leadership identity.

Basically, Danielle had always received accolades and affirmation that she did a great job whenever she completed a task or project. From early on, grades and promotions came from successfully completing work, which told Danielle that she was seen as competent and effective as she met deadlines well with her hands-on results. In short, Danielle saw herself as an effective “do-er.” Do something, get rewarded. Complete a job and be seen as competent. That was Danielle.

This ability to get things done and do them well made Danielle an excellent individual contributor with some basic managerial skills. Individual contributors are called on to effectively manage their time and activities, competing demands, and multiple deadlines – all within a confined area of responsibility. They can make great team players and can take on a senior “helping role” when skilled at this.

But moving from individual contributor to leader is a leap. Leading means influencing others and holding them accountable to complete the assigned work.

It was not that Danielle did not have the gifts and talents to lead – it was simply that the move required embracing this different role as valuable. And this was unsettling for Danielle.

Who was Danielle if she was not a do-er?

Was she a person of value?

Becoming the vice president meant getting the work done without putting a hand to it. It meant utilizing more influence with her reports and holding them accountable to get the work done. It meant dealing with relationships and complexities at a heightened level and making difficult decisions palatable. Bringing people along. Motivating them to perform at their best.

Danielle had what it took in the way of raw talent to do this – but the way she saw herself – her leadership identity – kept her from doing so.

She argued with herself. If she wasn’t “hands on” with projects, she did not see herself as equally as valuable. Who was she if she wasn’t actually completing assigned work as she had done in her previous job? How would they know she was competent and effective? Others might see her as superfluous, as not needed. Where was the value in her role?

In response to this internal argument, Danielle had held on to some work that should have been delegated. She inserted herself in meetings where her managers could have represented. She was reticent to mentor a couple of staff into greater responsibilities because they might shine too brightly.

And all this because of her leadership identity. Seeing herself as not valuable unless she was “doing” – unless she was contributing individually on projects – was keeping her stuck and hurting her reputation.

Once we worked through this, recognizing the value in her new role and leadership, and reshaping the way she showed up with her responsibilities, we were well on our way.

From there, we identified her growth opportunities including ways to sharpen her influence, how to mentor more effectively, and how to hold people accountable with confidence. I helped her to see how this impacted the organization so that she reinforced her own sense of self-worth.

We then worked on her vision for her areas of responsibility, the traits her senior team needed to adopt, and how this translated into the way they worked. Ultimately, she formed and honed her own team’s “identity” so that they became high-performing, engaged, and loved working for her.

How might your own current leadership identity be holding you back from your potential? What are the stories you tell yourself about what you can – and cannot do?

I challenge you to move beyond this. Begin by creating a vision for yourself and what you would like to ultimately accomplish.

What story about yourself will need reshaping?


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.

What Should Keep a Leader Awake at Night

August 1, 2018 By Patti Cotton Leave a Comment

What Should Keep a Leader Awake at Night
Image Credit: Shutterstock

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?

​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.

Man or Machine: Who Will Win in the Workplace of the Future?

July 11, 2018 By Patti Cotton Leave a Comment

Man or Machine: Who Will Win in the Workplace of the Future?
Image Credit: Shutterstock

What’s smarter than a human being?

A group of human beings.

Putting our heads together to come up with brilliant ideas and implementation has been recognized for centuries as “brain-trusting,” and is well-known for the rich perspectives, problem-solving, and creativity it can generate.

But now that machines loom larger and smarter, will this mean that we lose brain trust to brawn?

The experts project a loss of 800 million jobs by 2030 to machines.

How will you remain viable and vibrant in the new age of artificial intelligence (AI)?

AI is currently viewed as both an exciting development and a terrible threat. The advances we are able to make today and tomorrow are critical to meet an ever-growing complex world. Yet, we also realize that what has previously been accomplished by humans can now be taken over, at least in part, by machines.

What does that mean for meaningful work for us and for those generations that succeed us?

Will we lose our workplace to the machine?

No.

In fact, work may become more meaningful than ever before – if you and your organization are prepared to meet it.

It is important to understand that we continue to design machines that can take over automated tasks and mundane, repetitive work. We are seeing this in the operation and support of factories and production lines, customer call operations, document classification, and other areas.

With this development, machines will indeed replace a large part of the workforce that has previously performed these tasks.

In addition, machines are now capable of performing other more complex activities such as those requiring the processing of data streams, real-time knowledge, etc. Again, machines will dominate in this particular arena.

Then what is left for us?

How can AI actually benefit and bring more meaningful work opportunities to the human part of the future workforce?

Here are three ways:

1. Opportunities for vertical development.

Instead of emphasizing hard skills and competencies, focus will be on vertical development: developing the ability to perform more complex and adaptive thinking and to “see” with a greater lens and make sense of a world growing in complexity.

Our charge will be oversight and management of machines, rather than performing the tasks.

Abilities required of us at greater levels will be adaptability, network thinking, judgment, and creativity. Acquiring these skills means more career opportunities and greater flexibility in work choices open to us.

The good news is that each of us has been given the seeds to develop vertically – and there are proven ways to develop it systematically.

2. Opportunities to support the need for belonging and growth.

Human beings seek to belong, and they seek growth.

The workplace plays a critical role in helping people to do this. Those organizations embodying a culture of collaboration and offering individual and group growth opportunities will support these needs.

Further, this will benefit the company by lowering employee turnover, and heightening engagement, satisfaction, and productivity. Machines cannot create and support this culture – it is the people alone who are empowered to do this.

What does your company need in order to support this need for belonging and growth?

3. Opportunities to tap into collective intelligence (CI) to become the organization of the future.

CI is shared or group intelligence that emerges from the collaboration and collective efforts of many. And it is key to moving an organization into the future.

Gone is the hierarchical business model of one “general” at the top, several “sergeants” at the next levels, and many “foot soldiers” carrying out the tasks.

Instead, teams are leading teams, from top to bottom – to sideways. As leaders now demand greater leadership at every level, their workforces demand to have more voice and participation in leading the company forward.

We recognize the power of this collective, and welcome the rich brain trust it provides.

As we incorporate greater vertical development, a sense of belonging, and collective intelligence, this means we will have the ability to operate at a higher level of intelligence and meaning than we have ever experienced. And that is pretty exciting!

So where do we go from here? What’s your burning question or concern about man and machine in the workplace?


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.

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