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Posts Tagged ‘Consequences’

Today, I encourage you to focus on change externally.

Who do you know who is facing a significant change in his/her personal or professional life?

What could you do to help this person? Sometimes, it’s as simple as spending time with them and listening; others, help requires taking action of some sort.

As you spend time with this person, and listen to his or her story, could you help them to see the situation from a different angle? As a coach, this is one of the things I do with my participants — help them to see another perspective that might allow them some new insight or ideas they may not have otherwise considered.

You might be able to help them come up with a couple of different solutions, and evaluate them…decide if they need to do something new, stop doing something they currently do that no longer serves them, or maybe even both (Yes! use the tool you learned yesterday — Know, Evaluate, Act/Change).

Who do you know who is facing change?

How much do you know about their situation?

What options are you aware of that they might want to consider when developing a solution or action plan?

Does the situation call for them to start something new, stop something in progress, or some combination of the two?

What is the best thing you could do for this person at this point in their life?

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For many of us, we change only when we absolutely have to — literally pushed through it by forces beyond our control — when the pain of not changing is worse than the pain of the change. We change reactively, rather than proactively.

As a leader, you can capitalize on these moments because people are now ready to act.

There are times when we make decisions quickly and emotionally, without considering all the factors involved. These are the decisions born of reacting (immediate and emotional) rather than of responding (thoughtfully, and with consideration for the risks, consequences, and implications).

Here is a tool you might use in considering your options when faced with a decision involving change. This is based on the steps of knowing, evaluating, then acting (changing).

Know: What is the level of pain your organization is in? What is wrong, confused, or broken within your team or organization that is driving you towards a change? Take a few minutes to describe the situation.

Evaluate: Now that you are in pain, and recognize you must make some change, what are three potential solutions? For each solution, write down at least two benefits to moving in that direction, and two risks or implications that are associated with taking that action.

Act/Change: To make this change, do you need to start something new, simply stop something you are already doing, or go in an entirely different direction? Based on these considerations, what’s the best solution you’ve come up with and what do you need to do to make it happen?

What will it cost you to do nothing?

Whatever you decide is the best course of action, the time to act is NOW!

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Approximately a year and a half ago, I attended the Chick-fil-A Leadercast, and Andy Stanley was one of the speakers. I don’t remember the entire content of his talk, but one part of it really stuck out for me and I remember it frequently.

He was telling to story of two executives, a few years ago, I believe at Dell. They were struggling with an issue that they had to resolve, and weren’t coming up with new ideas. You see, they were so firmly entrenched in their paradigms, that they couldn’t see their situation in a different light. They knew their way of thinking at that time wasn’t going to allow them to come up with the solutions they needed to change the direction of their business.

Finally, one of them had a stroke of genius and asked this question: “What would our successors (replacements) do?” You see, he recognized the dire situation they were in and was confident that if they weren’t able to change their way of thinking, and change their corporate strategy, they would soon be replaced with someone who could!

Pretty sobering thought, don’t you think?

This simple question allowed them to think as if they were someone else, with different beliefs, constraints, perceived barriers, etc…and they were able to come up with some ideas that were a bit out of the ordinary for them, but weren’t out of the realm of possibility. Having given themselves permission to consider ideas they wouldn’t normally entertain, they were able to come up with some better responses to their situation.

And that, as they say, made all the difference!

Take some time today to think back on a time when you had to change your way of thinking in order to succeed. What was the situation?

What “barriers” (either real or perceived) held you back?

What pushed you into a new way of thinking?

What were the results?

How have you used that experience with different situations?

Having had this experience, how quickly do you now move into a new way of thinking when faced with a challenge?

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As we have all experienced, “here today, gone tomorrow!” What is relevant today may be quite different tomorrow. Get your journal out and spend some time in both reflection and forward-planning. As a leader, it’s important not just to respond to change, but also to be able to anticipate it.

What’s going on in your industry and/or organization that has significant implications for your future viability and success?

What’s going on in your personal life that has significant implications for your future success and satisfaction?

What could you be doing to become more aware of the things going on around you, in both your personal and professional lives?

What steps could you take today to better position yourself for changes you anticipate as a result of this exercise?

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What’s going on in your life today?

What three things are you resisting or allowing yourself to be complacent about?

Take out your journal and spend some time examining your behavior in these areas, and the reasons behind them.

Area 1:

Reason for resistance or complacency:

Consequences of your behavior:

Area 2:

Reason for resistance or complacency:

Consequences of your behavior:

Area 3:

Reason for resistance or complacency:

Consequences of your behavior:

What have you learned about yourself from this exercise?

What one thing can you work on today that will make a difference in your life? As you clarify this, and take action, share this thought process and your accomplishment with someone with whom you are close.

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In his book, the 21 Irrefutable Laws of Leadership, John Maxwell tells the story of Henry Ford and his leadership style. Truth be told, he wasn’t an effective leader, because he needed to be in control, thrived on keeping his staff uncomfortable and on-edge, and actively worked to undermine them and cause disruptions between members of his leadership team. Be that as it may, he did develop an automotive company that was, at one time, the dominant automaker in the US.

Well, Mr. Ford pioneered the assembly line, thus streamlining automotive manufacturing, significantly cutting the amount of time it took to build a car, which also lowered costs. He made the automobile an affordable transportation option for the masses, rather than a luxury item only a few could afford. However, as his competitors began to copy his assembly line and mass produced their own cars, Ford made a mis-step. You probably all remember one of the famous quotes attributed to him about one of his cars, something to the effect of: You can have it in any color you like, as long as it’s black! This was in response to the growing demand of his customers who wanted cars in different colors.

His thinking was sound in one respect: black paint dried the fastest and could be used more efficiently than other colors. He missed the boat in understanding and acknowledging what his customers wanted: variety! Other manufacturers were more than willing to paint their cars other colors, and consumers bought those instead of a Ford.

This is a clear example of having tunnel vision; Ford was so focused on moving towards efficiency, changing the way cars would be built even today, but he couldn’t move back to a less efficient process, a different direction if you will, even when doing so would have been very profitable for his business. This is the danger of becoming complacent.

Sometimes, when we have outpaced, out performed our competitors and tasted some level of success, it’s tempting to think that it’s “good enough” and we don’t have to continue striving to get better; this is an extremely dangerous mind-set and will surely lead to one’s downfall.

As they say, if we don’t learn from our mistakes we are doomed to repeat them. We should all be so wise as to study Ford’s leap to success and later to the back of the pack. It’s a lesson we shouldn’t repeat.

As a leader, it’s critical that we are in tune with what’s going on the marketplace, what’s changing in the minds of our customers and potential customers, to changes in technology, and especially to changes in thinking. If not, we will soon find ourselves at the back of the pack, and sometimes…it’s just not possible to recover from that position.

Take some time to think about a time when you ignored a necessary change and missed an opportunity. What was the situation? What signs did you ignore? What did you miss? How has that affected where you are today?

There is an assessment called the Kirton Adaptive-Innovative measure; it is designed to identify whether you are an innovator and maintainer (prefer the status quo, thank you very much!) or somewhere in between. It’s a revealing exercise to be sure. In the absence of having the opportunity to do this assessment right now, how would you honestly rank yourself in terms of your tendency to embrace change?

We’ll spend a lot more time with these thoughts this month.

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Well, we’ve spent the last four weeks focused on Legacy…what you leave behind, how people think and talk about you, when you are gone. Now, this may simply be because you’ve taken on a new role, left the organization for a new position with another company, or have passed away.

We’ve learned, by example, that you have the power and ability to design your legacy; you can influence what you want it to be.

What if you had the opportunity to know what it would be…would you be likely to make changes in your direction or behavior?

Let’s look into the story of a man who unexpectedly had just such an experience!

In 1888, an infamous Swedish industrialist received news that his brother, Ludvig, had died in France. You can imagine his dismay when he read the obituary and discovered the editor of the paper had mistaken his brother’s identity for his own!

The headline read, “Merchant of Death is Dead.” The obit went on to explain how the man had built his wealth through the invention, manufacture, and sales of dynamite. He was considered a heartless profiteer for having introduced the world to such a devastating innovation.

To be sure, reading one’s own obituary is a rare occurrence, indeed; but what an opportunity! Profoundly affected by this experience, Alfred Nobel determined to make a change, resolving to put his wealth to to work in hopes of reviving his legacy. In the eight years before his death, Nobel created an endowment worth more than $9 million to reward exceptional humanitarian effort. Today, the Nobel Peace Prize is one of the world’s best known and most coveted awards, bestowed annually to individuals who have made extraordinary contributions to humanity. *

While it’s not likely any of us will have this same experience, but we do have the opportunity to increase our self-awareness and become aware of the legacy we are building. If we choose to do it now, we have time to make changes if what we learn is not in tune with what we desire.

What do you know about how you are perceived, about what people think and say about you when you are not there?

Is it in line with how you wish to be remembered and talked about?

If not, it’s not too late to make a difference.

*From the Intentional Leadership booklet, by Giant Impact. 

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As you move toward your desired team legacy, what costs might there be in pursuit of it? Make a list…

What challenges might you encounter on your journey?

What capital (personal or corporate) do you have that you can use to achieve your goal?

What could the impact be on your team / organization if you do not pursue your goals?

If you don’t move forward, how would you look upon your life?

How would not moving forward impact the legacy you are hoping to leave?

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We’ve all heard it said, “just because we can does not mean we should.”

So, so true! And it holds true in leadership, as well. And how we handle this will greatly influence our legacy.

Think in terms not only of what you are doing, but also give some time to thinking about what you should not be doing — those things that may be taking valuable time and resources away from making the impact you desire.

Time to get out your journal, and on a clean, fresh page, draw a line down the middle so you have two columns — one on the left and one on the right. In the left column, make a list of the ways in which you are investing your time, energy, and resources that are showing substantial return. In the right column, make a list of the ways in which your investments are bringing only a weak, or no return.

Once you have clarity around this, you may choose to do things differently, to invest your influence, focus, time, energy, and other resources in higher-return pursuits.

Then, take it one step further…What will you do differently, now?

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We all die. The goal isn’t to live forever; the goal is to create something that will. ~Chuck Palahniuk

I believe I’ve mentioned the idea, before, about how with every interaction we have the opportunity to build or damage trust (earn trust dividends or pay trust taxes, as Stephen MR Covey would say). Well, there are other types of capital for leaders; in addition to trust, there is personal capital (ability, time, and influence) — things you have control over, and corporate capital (brands, product lines, etc…). Every day, and throughout your career, you will have the opportunity to make trade-offs with the various types of capital you have within your control. As we would with our money, we might make a withdrawal of one type of capital in order to invest it in another area, with the expectation of a positive pay-off at some point in the future.

In many ways, your legacy as a leader will be defined by your ability to shift capital from unproductive ventures to more profitable areas.

For an example of this, take a look at Indra Nooyi, chief strategist of PepsiCo, Inc. She was the driving force behind Pepsi’s transition from just being a soft drink company to becoming a more diverse producer and distributor of some healthier fare. Under her direction, the company bought Quaker Oats, which brought Gatorade and Quaker Oatmeal into Pepsi’s portfolio. She also drove the acquisition of Tropicana, which allowed Pepsi to add a well-known fruit juice to the portfolio. Later, she persuaded the company to sell Pizza Hut, Taco Bell, and Kentucky Fried Chicken, essentially getting out of the “fast food” (or Quick Serve) industry.

Because of her efforts, only 20% of Pepsi’s sales wee from soft drinks by 2006, compared with 80% for Coca-Cola. Based on her accomplishments, Nooyi became CEO of PepsiCo.

What do you think she said when asked about the legacy she hoped to leave? She wanted Pepsi to be regarded as “both a commercial and moral success — turning profits while combating obesity.”

That’s a tall order, one might say, but it’s clear the woman is not easily discouraged by circumstances and conditions. She has a vision, she has the capital — both personal and corporate — to use at her disposal in crafting the company she dreams of…

Let’s transition now, and look inward. In what area of your life / business do you think you are wasting capital?

What can you do differently to reinvest your resources for a more favorable outcome?

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