The Executive Leadership Experience The Executive Leadership Experience Jason Jennings NY Times Bestselling Author What I hear: the leadership challenges • • • • • • • Finding, keeping and growing the right people Getting and keeping people on the same page Being faster at everything Doing more with less Growing revenues Staying out of the commodity marketplace The need to be more innovative What I hear: the leadership challenges • • • • • Making the organization ready for nonstop change Remaining relevant Rooting out complacency Uncertainty about the future Being agile and adaptable Definitions: Leadership/Management Leadership Taking groups of people where they’d like to go but couldn’t or wouldn’t go by themselves Management Counting Today The 10 Shared Leadership Traits of the World’s Most Enduring and Authentic Business Leaders We made these discoveries inside • • • • • The fastest The most productive The most consistent growth The greatest amount of value creation The best reinventors A few of the world’s best Shared Leadership Trait 1 The world’s most successful business leaders turn what they do into a ? Leaders: good and bad Shared Leadership Trait 1 The world’s most successful business leaders turn what they do into a Noble Purpose/Cause Shared Leadership Trait 1 Defining success and successful • Withstanding the test of time • Financial achievements that have far outpaced the competition and/or peer group/sector • Consistent growth through good times and bad • Not involved in illegal acts • Has achieved commercial success while pursuing responsible actions Cause/Noble Purpose • Isn’t the mission Statement • Isn’t the vision Statement Cause/Noble Purpose • • • • • • • Is BIG and bold Inclusive The why we do not the what we do Fixes something wrong The non financial reason More than a goal Gives meaning to people’s lives Cause/Noble Purpose • • • • Provides Direction Fuels Passion Drives Momentum Builds cultures The right culture is the ultimate competitive advantage Cause/Noble Purpose • 10 minutes group discussion • 10 minutes Q&A Shared Leadership Trait 2 The world’s most successful business leaders are committed to achieving Double digit revenue/profit growth annually Double-digit growth • Solves the problem of finding, growing and keeping the right people • Forces companies to stay ahead of their customers • Allows for reinvestment in the company • Rewards those who took the chance • Turns vendors and suppliers into partners • Is good for all the stakeholders Double Digit growth • 10 minutes group discussion • 10 minutes Q&A Shared Leadership Trait 3 The world’s most successful business leaders build organizations that Let Go Letting Go • • • • Yesterday’s breadwinners Ego Same old-same old Conventional wisdom When You Let Go • Better able to deal with change • Stay more focused than your detractors/rivals • Innovation happens Letting go • 10 minutes group discussion • 10 minutes Q&A Shared Leadership Trait 4 The world’s most successful business leaders have a set of Guiding Principles Guiding Principles – Charles Schwab • • • • • • • • • Is it fair for our customers Does it respect our fellow employees Does it celebrate teamwork Will it improve what we do Will it further earn our customer’s trust Will it reinvent what we do Will we own it Does it build our brand We’ll take short term sacrifice Guiding Principles • 5 minutes Q&A • 10 minutes to write your list –solo activity • 15 minutes to assemble sample list -group Shared Leadership Trait 5 The world’s most successful business leaders make certain that Everyone knows the strategy First, Let’s Define: Strategy Strategy is the most overused buzzword in business Strategy: Is The BIG objective of the organization Tactics: How you achieve the strategic objective Secret Strategies Don’t Work • People don’t become emotionally connected to their work • Corners get cut and illegal things happen • Everyone under 35 and people over 35 who get ‘it’ expect transparency • There’s zero accountability Strategy • 10 minutes group discussion • 10 minutes Q&A Shared Leadership Trait 6 The world’s most successful business leaders make certain that Everyone thinks and acts like the owner Thinking/acting like the owner • Know how what they do creates economic value and that it’s measured and can be improved • Compensated for the economic value they create Thinking/acting like the owner • 10 minutes group discussion • 10 minutes Q&A Shared Leadership Trait 7 The world’s most successful business leaders Keep their hands dirty Keep Their Hands Dirty • • • • • With customers – 50% With vendors and suppliers -10% With the workforce – 20% With community -10% With shareholders/owners -10% Keep their hands dirty • 10 minutes group discussion • 10 minutes Q&A Shared Leadership Trait 8 The world’s most successful business leaders ask WTGBRFDT? WTGBRFDT? • 10 minutes group discussion • 10 minutes Q&A Shared Leadership Trait 9 The world’s most successful business leaders Don’t do lay-offs No Lay-offs • The organization doesn’t lose its intelligence • The company doesn’t have to constantly recruit and train • The workforce can concentrate on its work instead of fear for survival • The workforce becomes fiercely loyal • The company becomes known as a desirable place to work • It’s economically better for communities No Lay-offs • 10 minutes group discussion • 10 minutes Q&A Shared Leadership Trait 10 The world’s most successful business leaders are ? Shared Leadership Trait 10 The world’s most successful business leaders are Stewards Stewardship • • • • Service over short term self-interest Abandoning power over others Preserving natural and human resources Nurturing, authentic, mentoring and selflessness Stewards • • • • • • • • Share information Are accessible Keep their hands dirty Stand for something Get rid of superficial distinctions Make it better Are coaches and mentors Are called to serve Stewardship • 10 minutes group discussion • 10 minutes Q&A The Big Leadership Challenges • • • • • • • • • • • • Finding, keeping and growing the right people Getting and keeping people on the same page Being faster at everything Doing more with less Growing revenues Staying out of the commodity marketplace The need to be more innovative Making the organization ready for nonstop change Remaining relevant Rooting out complacency Uncertainty about the future Being agile and adaptable Imagine, when the leader • Moves a noble purpose or cause across the organization • Builds a company committed to double digit growth • Builds an organization that lets go • Has a set of guiding principles that allows for agility • Makes certain everyone knows the strategy • Has everyone think and act like the owner • Keeps his/her hands dirty and stays in touch Imagine, when the leader • Builds an organization with WTGBRFDT in its DNA • Is committed to a policy of no lay-offs • Is a good steward All the best on being a lifelong learner and a leader who takes people and organizations where they’d like to go but couldn’t/wouldn’t get there on their own Jason Jennings jason@jason-jennings.com