BACKGROUND
Most of my CEO clients are usually decisive once they have a minimum of information about a choice to be made. They have developed good instincts and a great sense of when to go on instinct.
What then holds them back at times far longer than, on later reflection, than they would have liked (“I should have made the decision a lot sooner”)? Answers depend on the choice and the risks, of course — firing a long-time leadership team member or pruning customers from the sales base or canceling a new product.
It has become evident that even these high-powered, driven executives need tools for such moments. One of these is scripting.
SCRIPTS AS A TOOL: EXAMPLES
Harold leads a turnaround owned by investors. He has made a great deal of progress but the turnaround will take far longer than thought. And the debt structure together with the not yet robust earnings indicates there will be little if any equity for the management in the next few years. The owners have not been interested in re-negotiating the debt structure or the deal with management. No one except management will change the situation. But Harold has been reluctant to call the question. For almost a year.
Recently, Harold and I sat together and — unplanned — we began to articulate the script of “the conversation” with the lead investor. What would be the first item communicated? What is the logic from start to finish? How to keep it clinical (fact-based to avoid unnecessary triggering defensive behavior by the investor)? Harold would try a sentence, then we would discuss then improve on it.
I won’t write here the actual storyline, but Harold liked it so much, he rose from the table and went to his car to make the call he had put off for months. He said he had leapt over the reluctance because we had made the path forward to tangible. “This is incredibly helpful!”
There have been numerous other times when a decision became clearer to the CEO by our working out the script (still subject to improvement by the CEO after our session, but enough to eliminate reluctance.
This applies to conversations with the board chair, board members, leadership team, partners, vendors, customers and, yes, family members. Clients tell me how surprised they are how helpful it is to script before a conversation or a meeting.
CALL TO ACTION
How to put this to use? When you realize there is an important decision to make and are having reluctance to take the plunge, write down the first and last things you would say. Don’t let a blank page slow you down — write whatever comes into your head. Then edit and edit until it is what needs to be said, is in your voice and is most likely to have the outcome you desire.
That’s just my view. What’s yours?
Wed, Oct 25, 2017
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BACKGROUND
From a CEO point of view, sometimes briefings on data mining seems complicated and remote to challenges at hand. That is why a tangible, simple example is worth a quick read. This blog post is sourced from:
NY POST STORY: BURTS BEES (LIP BALM); byline: lisa fickenscher
1. THE STORY
Clorox, parent (owner) of Burts Bees has a data mining unit who examined periods when sales seemed to spike. Probably using some root cause analysis of possible factors, they hypothesized that weather had a disproportionate impact on sales of what is a protective product.
How might we find data that would inform us, they asked. This led them to the National Weather Service and its database: Wetbulb Global Temperature Index which tracks temperature, humidity, wind speed, sun angle and cloud cover. Matching sales data to weather data produced two interesting facts:
1. Weather and sales spikes are 80% correlated, not a sure thing but very important
2. Sales in any of the 84 weather zones spike when wind speed is higher than 7 miles per hour.
That was part one of the data mining. Part two: use Nielsen data and Facebook data to target ads to people in the best zones and tag ads to individuals who are most likely to buy the product (the article did not explain how that part works). “We can follow that user to find out if she went to a store and may have purchased a lip balk product,” says Eric Reynolds, Chief Marketing Officer of Clorox.
The same approach targets consumers on nice weather days who own grills and and may be thinking of firing them up. That is how sales of Kingsford Charcoal have been increased.
2. CALL TO ACTION
Ask your people for tangible ways in which data mining is being used to increase sales. Ask how it might be used to identify new profit opportunities. Or answer any of a host of seemingly imponderable questions about customers, competitors, products and more.
That’s just my view. What’s yours?
Sun, Sep 24, 2017
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ENVIABLE DELIVERY
Astrophysicist Neil deGrasse Tyson appeared on Harry Connick Jr.’s show to be asked about celestial matters by the host and by two 6-year olds..
What is it about Mr. Tyson that is so spellbinding that no one can get enough of him? That he can explain a complicated subject so clearly? I wish more of my CEO clients developed such a powerful delivery.
Tyson explained how black holes work, what they are and what would happen to you if you fell into one (it isn’t good): you would suffer “spaghettization (you can look it up on Wikipedia).”
HOW HE DOES IT
Some observations:
To do what Tyson does, you must be extremely expert and in command of your subject from concept to key details. And you must adapt the list above.
I am still searching for a video copy of his appearance on Connick, but you can find Tyson on Youtube. For example:
And you may enjoy his response to a heckler who doubted his physical abilities:
https://www.facebook.com/harryconnickjr/videos/10155623329055539/
That’s just my view. What’s yours?
Tue, Jul 11, 2017
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BACKGROUND
A new criterion has been added to C-Suite searches: GRIT.
Angela Duckworth’s treatise on GRIT put forth in her book has spawned numerous Youtube videos on the subject (references at end of this post). If you have been hiding out somewhere and have not experienced the blitz on this subject, the premise is that:
Effort is twice as important as talent because:
While Ms. Duckworth has created a Grit Scale, it is a self-evaluation and therefore insufficient for our purposes. My CEO Vistage members wanted to know how to put the criterion into practice. So we had a discussion about the questions to ask in interviews and the observations to note about c.v.’s and cover letters — questions for recruiters to ask finalists, questions for the CEO and direct reports to ask in interviews and of references.
AMPLIFICATION OF THE CRITERION
In Duckworth’s own writings, Grit is further detailed as:
And in a helpful video, fellow coach Brendon Burchard offers these further admonitions:
On the latter point, in a prior post about Why CEOs Falter, I observed that one root cause for failure is the leader not enlisting all the appropriate resources in her or his ecosystem.
PROBING FOR GRIT
Here are a few of the topics on which our VISTAGE Peer Advisory Board CEOs would focus questions, digging into facts, candidate’s perceptions and emotions:
That’s just my view. What’s yours?
We will post again at a later date when we have more feedback from real world situations.
Meanwhile, some resources to consult for further edification:
Grit, by Angela Duckworth. Simon and Schuster May 2016, ISBN 9781501111105
Youtube video: Grit by Angela Duckworth: Animated Core Message (6:18)
Youtube video: How to Develop Grit (And What is Grit?) — Brendon.com (Brendon Burchard)
Tue, Jun 20, 2017
Comments Off on Why CEOs Falter
This post is based on a a significant number of real world cases where the client, a here-to-fore strong leader seemed to falter.
BACKGROUND
So, … you have a history of successful leadership in prior posts. Maybe even in your current post. And, suddenly, not so much: worry; hesitation; poor decisions; delay on critical decisions; avoidance of new, but essential commitments.
I have been asked many times: “What are the recurring themes that are evident in coaching CEOs through tough periods?” Never mind that some situations are overwhelming market or competitive shifts that may even challenge the business model. Or disruptive technology that questions the viability of the firm. There are no guarantees. But when hindsight reveals poor choices were made, what are the lessons learned? What was inside the mind of the CEO?
ROOT CAUSE #1
At or near the top of the list driving you off your game is a FAILURE TO BRING ALL YOUR CAPACITIES TO THE PLAYING FIELD.
At root is either
Whether emotion is dwarfing intuition or wisdom or your own ego is blinding you, or your confidence has been shaken or you may not be listening, you may be playing defense when you should be playing offense or vice versa, failing to adapt your style to one or more of your key people…you get the idea. Look in the mirror and ask yourself: is what I believe or fear at the heart of this?
ROOT CAUSE #2
Second on the list of what is driving you off your game is a FAILURE TO BRING ALL THE RESOURCES IN YOUR ECOSYSTEM TO BEAR.
At root could be more than a few things:
Again, could the flip-side of any of these increase your effectiveness? Are you the focal point when maybe someone else should be?
ROOT CAUSE #3
Also at or near the top of the list is a FAILURE TO STAY FOCUSED ON THE ENDGAME. Getting stuck in the weeds, overwhelmed, distracted by the shiny new object.
At root could again be more than one fact:
And as the role model for others, if you falter for any of these root causes, if the way you lead does not develop your people, others may follow suit or the strong may defect,
SELF-SERVING SOLUTION & BEYOND
“Nobody succeeds alone.”
“O was some power the giftie gie us to see ourselves as others see us! It wad frae monie a blunder and free us from foolish option.” (Robert Burns)
Whether it is a coach, a mentor, a trusted HR chief (really: I have seen this), the only way humans become aware of these possibly temporary failures or missed opportunities is through someone else’s lens.
Beyond: in my next post I will enumerate some of the tools that address root causes and also suggest some video viewing and reading worth the investment of time and concentration.
As a start, view “Locating yourself — a key to Conscious Leadership” on Youtube. It is based on IP trademarked by Partners in Leadership IP, LLC.
Does this resonate? It’s just my view. What’s yours?
Mon, May 8, 2017
Comments Off on WHAT IS AND IS NOT THE JOB OF THE BOSS?
BACKGROUND
One of my CEO coaching clients years ago told me: if I work 10% less hard or delegate 10% more often, profits will go down by more than 20%. He now knows the folly of that remark. He has learned to delegate, how to tailor so doing to his comfort with each individual and how to use his team to keep the process on track
He is now on this third business, having grown the first one and sold it, having grown the second one and sold it to a new private equity owner. His objective is now to reduce his engagement in the business to fewer days per week so he can spend more time on boards of other companies and contribute more to his community. No, he is not a senior.
THE CRUX
What developed the way he leads?
How did he overcome doubts and fears of delegation? He:
Delegating frees the leader to lead.
That’s just my view. What’s yours?
If you wish to profit from other articles like this, go to:
http://SMALLBUSINESSADVOCATE.COM
Sat, May 6, 2017
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BACKGROUND
A wonderful Vistage Chair, Ken Mandelbaum and I often exchange tools which our CEO coaching clients tell us are valuable. You can find it in the public domain on Youtube if you look for Above the Line: Key to Conscious Leadership. I am told that Above the Line and Below the Line are the trademarks of an outfit called Partners in Leadership, LLC which does leadership work. Otherwise this post is based on original materials prepared for Vistage CEO Peer Advisory Boards in New York City. And the video is public on Youtube.
CONTEXT
Above the line, as defined in several videos by various people, is a way of being, a way of showing up: when you are open, deeply listening, learning what the other believes or knows. Momentarily postponing your point of view or instructions. In this condition, good things happen because you have all your powers.
Below the line is a way of being, a way of showing up but: in this state of mind you are closed, impatient, listening poorly, already at the conclusion and action item. This is not a good state for you or others. You have lost some of your power to find better solutions, to enlist others, to train others to solve problems, even to be “boss ready” for you.
Surprise?: most people are not often aware of where they are in a given moment or situation (above the line or below the line), nor what game their mind is playing in conversations with themselves that put them there. Nor do very many have a learned way of observing, framing, changing where they are and restoring their power to deal. They may not be aware of how they are experiencing life.
Leaders live in a world of massive inputs and numerous daily circumstances which compete for time. How we interpret these and make meaning out of them[2] can put us above or below the line.
Worse, Today’s we are biologically biased for our own survival to worry and to interpret many inputs as threats[3].
PRACTICE
lies in training ourselves (or others) to notice/hear the signals
HIGHER PERFORMANCE WITH GREATER CONTENTMENT
“LEARNING TO DANCE WITH LIFE AS IT SHOWS UP AND ENJOY IT”
TEACHING OTHERS TO DO THE SAME
Wouldn’t you want to be above the line>? Want your people to be above the line?
Jim Blasingame, the amazing host of Small Business Advocate, and I explored this topic on
his internet radio broadcast? If you value new ideas and ways to succeed, go to:
http://smallbusinessadvocate.com for live streaming from his “brain trust.”
And if you would like to know more about the amazing world of CEO Peer Advisory Boards and the coaches who lead them, visit Vistage International:
That’s just my view. What’s yours?
[2] A uniquely human obsession
[3] Threats to our safety, security, self-worth bias us to have more than 70% negative thoughts
Mon, Oct 30, 2017
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