Friday, February 5, 2016

The Seven Biggest Traps in the First 90 Days…and How to Avoid Them

                                                              Genesis Advisers: Accelerating Everyone
My research shows leaders who derail or under-perform in their new roles often fall into common traps in their First 90 Days. Have you fallen into any of these traps? Have you seen others do so? 

Trap #1: Not adapting to the new culture
Leaders who move between companies (or even units of the same company) risk stumbling into cultural minefields. When new leaders act in ways that are inconsistent with the culture, they risk triggering an organizational immune system attack. The result is that they become increasingly disconnected and isolated from the flow of critical information about what is really going on in the organization. This further increases their vulnerability to making bad calls, and contributes to a vicious cycle that ends in failure. 

Trap #2: Not engaging in social learning
New leaders can become isolated because they spend too much time reading and thinking and not enough time meeting and talking. Sometimes this happens because the new leader wants to “know” the organization, by reading everything available, before venturing out into it. But the resulting isolation inhibits the development of important relationships and cultivation of sources of information about what is really going on. If this goes on for too long, the new leader may rapidly be labeled as remote and unapproachable. Impressions, ideas, and strong feelings about how to deal with issues are often more important than financial analyses in making crucial early decisions. New leaders must get out and into their organizations quickly. 

Trap #3: Coming in with "the answer"
Another common trap is to come into the organization with “the answer,” a well-defined fix for the organizational problems. New leaders fall into this trap through arrogance or insecurity or because they believe they must appear decisive and establish a directive tone. But employees who perceive leaders to be dealing superficially with deep problems are inclined to become cynical, making it difficult to rally support for change. When employees believe their leaders’ minds to be made up, they may become reticent to share information, thereby effectively impeding the latters’ learning about broader, more complex dimensions of the situation. 

Trap #4: Staying too long with the existing team
New leaders, especially those with a collegial style, often believe that the subordinates they inherit deserve as much opportunity as possible to prove themselves. Some perceive this to be an issue of fairness; in others, it springs from arrogance (“I can make these people change better than my predecessor did”) or hubris (“All it takes is hard work, listening, giving them support, and just plain leadership”). Whatever the source of the impulse, retaining team members with a record of mediocre performance is seldom advisable. This is not to say that new leaders should be unfair, expect miracles, or fire people summarily. What they should do is impose a time limit—3-6 months is a good rule of thumb, depending on the severity of the problem—for deciding who should be on the playing field. 

Trap #5: Attempting too much
Some new leaders try to do too many things at once, believing that “If I get enough things going, something is bound to click.” Such leaders are effectively trying to send a message that winners are active and quick and able to handle diverse challenges simultaneously. What this approach usually accomplishes, however, is to confuse and overwhelm people rather than spur them to action. New leaders have to experiment and try different approaches to discover what works and what doesn’t. But excessive experimentation can deprive promising change initiatives of the requisite critical mass of resources and attention. 

Trap #6: Getting captured by the wrong people
The arrival of a new leader in an organization inevitably precipitates jockeying by those who have exerted influence in the old regime. Among the many people vying for a new leader’s attention will be those who (1) cannot help because they are not capable, (2) are well-meaning but out of touch, (3) actually wish to mislead, or (4) are simply seeking power for its own sake. New leaders must exercise care in deciding to whom to listen and to what degree. If selected internal advisors do not represent a broad enough constituency, have skewed or limited information, or use their proximity to the leader to advance partisan agendas, others might inadvertently be alienated and valuable input lost. Just as one is known by the company one keeps, so judgments about new leaders are based on perceptions of who influences them. 

Trap #7: Setting unrealistic expectations
Finally, new leaders get into trouble when they assume that the mandate they negotiated before they entered the organization (or in the early days on the job) is the complete story, that it will remain unchanged or that it represents a blank check. New leaders should never presume that an initial mandate will or should remain unchanged. Rather, they must devote considerable effort during the transition to negotiating with their superiors to clarify their mandate and set expectations. Often, this means understanding the nature of key constituencies’ expectations and then carefully deflating those that are dangerously high, while taking advantage of those that can be useful.

Thursday, February 4, 2016

Digital Disruption

Monday, February 1, 2016

Pretty much only 10 companies run nearly everything out there!!

Wednesday, January 27, 2016

THE 7 HABITS OF HIGHLY EFFECTIVE PEOPLE BY STEPHEN COVEY - ANIMATED BOOK REVIEW

  THE 7 HABITS OF HIGHLY EFFECTIVE PEOPLE BY STEPHEN COVEY - ANIMATED BOOK REVIEW

FightMediocrity

Know All, Tell Not


Know All, Tell Not


I am going to give you this two by two matrix that describes different models of leadership. Now most leadership lives up in the KNOW ALL, TELL ALL world. The leader knows all the answers so he or she gives all the orders, and since they are the ones giving all the orders, they better know all the answers!

When I was ordered to the USS SANTA FE, a ship I did not know the technical details of, I dropped down into KNOW NOT but still TELL ALL. Why? That was the habit. Submarine Captains gave orders. It is not a good long term strategy.

When I made the decision that the problem was me, that I needed to keep my mouth shut and stop telling the crew what to do, I became a KNOW NOT, TELL NOT leader. Again, not a good long term place to be.

Eventually I learned the ship and I learned it very very well. I knew as much as anyone could probably know about the submarine. The question is, do I go back to being a KNOW ALL, TELL ALL leaders?

I ended up being what I call a KNOW ALL, TELL NOT leader. The lesson IS NOT don’t know your job! The lesson is know your job, but resist giving your people the solution when possible, because that is when they start doing their leadership push-ups! Try saying; “Hey, what do you think?” or “What would you do if I weren’t here?” That’s when you are going to be developing leaders. 

My leadership nudge to you this week is this: 

The next time your people come to you with a problem you know the answer to, resist telling them what to do. Let them tell you how they would solve the problem. The minute you stop telling people what to do, you start developing leaders!

Let us know how it goes!

Do You Have a Growth Mindset?


Posted on Harvard Business Review: November 23, 2010 10:29 AM 
 
Mindset is everything. If that statement seems too strong, consider that we bring these basic assumptions to every decision and action we make. Left unexamined, they may unnecessarily restrict us or lead us in the wrong direction altogether. Perception may not truly be reality, but when it comes to how we approach challenges and opportunities, mindset determines the world we encounter and possibilities we apprehend. Achieving the power of pull requires us to make our assumptions explicit and examine them in different contexts—testing, challenging and refining.

In her 2006 book, Mindset: The New Psychology of Success, Stanford Professor Carol Dweck distinguishes two extremes of the mindsets people tend to have about their basic qualities: 

• In a fixed mindset, "your qualities are carved in stone." Whatever skills, talents, and capabilities you have are predetermined and finite. Whatever you lack, you will continue to lack. This fixed mindset applies not just to your own qualities, but to the qualities of others.
• In a growth mindset, "your basic qualities are things you can cultivate through your efforts...everyone can change and grow through application and experience." Qualities like intelligence are a starting point, but success comes as a result of effort, learning, and persistence.

The distinction between fixed and growth mindsets has tremendous implications—as individuals and organizations—for how we address the growing pressures around us.

The Mindset Paradox: 

The greatest threat to success is avoiding failure. One of the most provocative aspects of Dweck's work is what it says about our approach to challenges. In a fixed mindset, you avoid challenging situations that might lead to failure because success depends upon protecting and promoting your set of fixed qualities and concealing your deficiencies. If you do fail, you focus on rationalizing the failure rather than learning from it and developing your capabilities. With a growth mindset, you focus on learning and development rather than failure and actively pursue the types of challenges that will likely lead to both learning and failure. This sounds a lot like the questing disposition we have discussed previously. 

Mindset profoundly shapes key business practices:
 
Business Ecosystems. If you have a fixed mindset, you believe that there are a finite set of smart people and valuable resources outside your company. The challenge is how to identify, connect with and mobilize them to deliver more value to the marketplace—static resources tied together in a static ecosystem. The ecosystem benefits from the network effects of adding more and more participants because more diverse capabilities are connected and accessible. 

If you believe that both the resources and the ecosystem itself are dynamic, then the role of the ecosystem is not just to connect and mobilize existing resources but to build relationships that help all participants get better faster. This leads to a more powerful form of increasing returns—not just network effects but new mechanisms to accelerate learning and performance improvement—as each participant learns faster as more and more participants join the ecosystem. 

Talent Management. A fixed mindset leads you to focus almost exclusively on attracting and retaining talent. The assumption: each person's skills and capabilities are set. You will tend to devote too many resources to those with a perceived stock of knowledge and overlook (and eventually lose) employees with limited stocks but great learning potential. Worse, because you underestimate the value of learning and development, you won't likely get the most out of those employees you do value.

With a growth mindset, you understand that individual and organizational capabilities can be cultivated and developed, to improve performance and to expand in new directions. You focus more on talent development, creating work environments and practices that enable employees, regardless of work classification, to develop new skills and to learn by working with others, by problem-solving and experimentation. 

Relationship-building. A fixed mindset fosters a zero-sum view of the world: if you win, I lose. With a fixed and finite set of value, the only question is how to allocate it. This perspective fosters conflict and mistrust and, not surprisingly, relationships governed by relative power, tend to be transactional and are rigidly defined to protect each party's share of the value.

A growth mindset fosters a broader view of the possibilities: by working together, we can create more value than if we work individually. While there are still issues around allocation, relationships are cultivated based on a goal of creating an even bigger pie. These relationships center on improving the performance of all participants, and the process of creating value together fosters trust. The levels of collaboration and trust deepen with time, creating a more valuable relationship. 

Mindset may be destiny but it is changeable. While mindset has a profound impact on our ability to harness the power of pull, Dweck (displaying her growth mindset) offers hope: "Mindsets are an important part of your personality, but you can change them. Just by knowing about the two mindsets, you can start thinking and reacting in new ways."

The future belongs to those who can adopt a growth mindset. Those with a fixed mindset will likely be increasingly stressed and overwhelmed by mounting performance pressures and sustained uncertainty. Worse, the more they avoid failure, the more susceptible these individuals and organizations can be, not learning from mistakes and missing opportunities.

What assumptions do you make about the world and how do they play out in your decisions? What techniques have been useful for exposing your unexamined assumptions? Have you succeeded in actually changing your mindset?

Copyright © 2012 Harvard Business School Publishing. All rights reserved. Harvard Business Publishing is an affiliate of Harvard Business School.
Hagel_brown
John Hagel and John Seely Brown are co-chairman and independent co-chairman, respectively, of Deloitte LLP's Center for Edge Innovation. John Hagel writes a blog at Edge Perspectives. Their monthly column, Innovation on the Edge, explores what executives can learn from innovation emerging on various forms of edges, including the edges of institutions, markets, geographies and generations. Sign up here for an RSS feed.

What Amazing Bosses Do Differently


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We all know that job satisfaction often hinges on the quality of the relationships we have with our bosses. Yet in today’s rapidly evolving, 24/7 workplaces, it’s not always clear what managers should do to create the most satisfying work experiences and the happiest employees. My research into the world’s most successful bosses has unearthed some common practices that make work much more meaningful and enjoyable. If you supervise others, make sure you do the following:

Manage individuals, not teams. When you’re under pressure, it’s easy to forget that employees are unique individuals, with varying interests, abilities, goals, and styles of learning. But it’s important to customize your interactions with them. Ensure you understand what makes them tick. Be available and accessible for one-on-one conversations. Deliver lessons cued to individual developmental needs. And when it comes to promotion, look past rigid competency models and career ladders for growth opportunities tailored to the ambitions, talents, and capacities of each person.

Dr. Paul Batalden, a professor emeritus at Dartmouth College’s Geisel School of Medicine, who previously worked under Tommy Frist at healthcare giant HCA, told me that his former boss was “such an unusual CEO” of a company that size. “You could always get to see him. He always had time.”  Samuel Howard, another Frist protégé who is now CEO of Xantus Corp, added, “when you asked him to do something, he would roll up his sleeves” and work with you to get it done.

Go big on meaning.  Most employees value jobs that let them contribute and make a difference, and many organizations now emphasize meaning and purpose in the hopes of fostering engagement. But this is also the manager’s responsibility. You can’t rely on incentives like bonuses, stock options, or raises. You’ve got to inspire them with a vision, set challenging goals and pump up their confidence so they believe they can actually win. Articulate a clear purpose that fires your team up, set expectations high, and convey to the group that you think they’re capable of virtually anything.

Legendary bosses like Bill Sanders in real estate, Julian Robertson in hedge funds, and Bill Walsh in professional football all communicated visions that entranced employees and left them hell-bent on success. Scot Sellers, a protégé of Sanders who went on to become CEO of Archstone before retiring in 2013, recalled that his former boss “would lay out his vision and say, ‘I would like you to be a part of it.’ You were so honored to be asked… that you just wanted to jump in and say, ‘Sign me up!’”

Focus on feedback. A 2013 Society for Human Resource Management survey of managers in the U.S. found that “only 2% provide ongoing feedback to their employees.” Just 2%!   Many bosses limit themselves to the dreaded “performance review” and often mingle developmental feedback with discussions about compensation and promotion, rendering the former much less effective.

As I’ve written elsewhere, some organizations are changing their ways, but even if yours sticks with traditional reviews, you can still supplement that with the kind of continuous, personalized feedback that the best bosses employ. Use regular—at least weekly—one-on-one conversations to give lots of coaching. Make the feedback clear, honest and constructive, and frame it so that it promotes independence and initiative.

Hedge fund manager Chase Coleman remembered that his former boss and backer, Tiger Management founder Julian Robertson, was “very good at understanding what motivated people and how to extract maximum performance out of [them]. . . . For some, that [meant] encouraging them, and for others, it [meant] making them feel less comfortable. He would adjust his feedback.”

Don’t just talk… listen. Employees tend to be happiest when they feel free to contribute new ideas and take initiative, and most managers claim they want people who do just that. So why doesn’t it happen more often? Usually the problem is that bosses promote their own views too strongly. 

Employees wonder: “Why bother taking risks with new ideas when my boss’s views are already so fixed?”

The best leaders spend a great deal of time listening. They pose problems and challenges, then ask questions to enlist the entire team in generating solutions. They reward innovation and initiative, and encourage everyone in the group to do the same.

Football coach Walsh went out of his way to encourage input not only from his assistant coaches, but also from the players themselves. He did this before the game, during the game, and afterwards when watching game film. This more collaborative approach probably had something to do with his track record with the San Francisco 49ers: six division titles, three NFC Championship titles and three Super Bowl wins.

Be consistent. Who could be happy with a boss who does one thing one day and another thing the next? It’s hard to feel motivated when the bar is always shifting in unpredictable ways and you never know what to expect or how to get ahead. So be consistent in your management style, vision, expectations, feedback and openness to new ideas. If change becomes necessary, acknowledge it openly and quickly.

Kyle Craig, who worked with restaurant impresario Norman Brinker at Burger King in the 1980s, remembered his boss’s consistent humility. “He was never unwilling to admit his failures and mistakes, which puts people around him very much at ease.” Bill Walsh, meanwhile, came across as consistently confident. As former 49ers wide receiver Dwight Clark remarked, “There was just an attitude. He walked with a strut almost—not cocky, just very confident.” These superbosses had dramatically different approaches, yet both worked well because they were consistent.

No behavior a boss adopts will guarantee happy employees, but managers who follow these five key practices will find that they will help improve well-being, engagement, and productivity on any team. The common denominator is attentiveness. Pay close attention to your employees as individuals.

 Take that extra bit of time to build their confidence and articulate a vision; to provide constant, ongoing, high quality feedback; and to listen to their ideas. And ensure that your own messages are consistent.  Is it hard work? Yes. But it’s worth it.

Sydney Finkelstein is the Steven Roth Professor of Management in Dartmouth’s Tuck School of Business and the author of Superbosses: How Exceptional Leaders Manage the Flow of Talent (Portfolio/Penguin, February 2016) from which this article was adapted.