The Leader as a Key Factor in Success A Japanese research study recently found… The Japanese eat far LESS fat than British and Americans… …and live longer The French eat far MORE fat than British and Americans… …and live longer The Japanese drink far LESS alcohol than British and Americans… …and live longer But Germans drink more alcohol (wine) than British and Americans… …and live longer The only conclusion they could draw was that… Speaking English significantly reduces your life expectancy! The Leader as a Key Factor in Success “In the majority of failures – we estimate 70% – the real problem isn’t (bad strategy)…. It’s bad execution.” “Why CEO’s Fail”, Fortune Magazine “…there’s an alarming disconnect between the parts of the organization that formulate corporate strategy and the functions, processes, and people required to execute it” “The Office of Strategy Management” – Robert S.Kaplan & David P.Norton, Harvard Business Review What’s going wrong with the people side of the equation? “Employee engagement is the extent to which employees… …are motivated to contribute to organizational success, and are willing to apply discretionary efforts to accomplishing tasks important to the achievement of organizational goals.” Vernon Bryce, Talking in TradeArabia 2009: The Legacy • • • • • • Ambiguity Fear Complexity Speed Ever-changing priorities A capable but shell-shocked talent force ‘Sustaining High Performance in Difficult Times’ – Harvard Business |Review Recognise that everyone is scared – it’s just a question of degree “We know that we cannot do what we’ve been doing any more. It’s not just that mortgage-backed securities have dug us a deep hole; we simply can’t l leverage money in ways we’ve gotten used to. But where do you go from here? No one - especially the current crop of CEOs seems to know. What is the next engine for growth? The next big money spinner?” Anonymous Banking Managing Director - Hidden Brain Drain Interview ‘Sustaining High Performance in Difficult Times’ – Harvard Business |Review “Sure, the lion is king of the jungle, but airdrop him into Antarctica, and he's just a penguin's plaything” Dennis Miller Don’t do it! Disengagement has a silver lining …it represents an untapped resource that could rocket productivity by 20%+ if tapped * * Corporate Leadership Council Study of 50,000 employees Untapped ‘employee performance potential’ • 84% of highly engaged employees believe they can positively impact the quality of their company’s products, compared with 31% of the disengaged. • 72% of the highly engaged believe they can positively affect customer service, versus 27% of the disengaged. • 68% of the highly engaged believe they can positively impact costs in their job or unit, versus 19% of the disengaged. Towers Perrin (85,000 / 16 countries/ four continents) Fortune Magazine’s “100 Best places To Work” “… a great workplace is measured by the quality of three, interconnected relationships: The relationship… • …between employees and management • …between employees and their jobs/company • …between employees and other employees” The Charismatic Leader … your time has come We defined a more practical ‘commercial charisma’… "Charismatic leaders create and maintain a work environment where people are emotionally and intellectually committed to the organization's goals. They build an energetic and positive attitude in others and inspire them to do their very best. In doing so they create a common sense of purpose where people are more inclined to invest extra energy and even some of their own time in their work." The Research - 2010 • 40,000 managerleaders assessed for their charisma • …by 40,000 ‘Bosses’ and more than 400,000 ‘Peers’ & ‘Direct Reports’ • Results to be published in January “The most dangerous leadership myth … asserts that people simply either have certain charismatic qualities or not. That's nonsense … the opposite is true... ....(Charismatic) leaders are made rather than born.” Warren Bennis “Inspirational Leaders choose to be Inspirational Leaders – they make the choices that enable them to become Inspirational Leaders” The Charismatic Leader emanates a contagious enthusiasm Charismatic leaders focus on results "I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the Earth.“ JFK, May 1961 Charismatic leaders build personal relationships with their people “In a crisis top performers will stay wherever their personal value rises at a rate greater than that possible elsewhere” Deiric McCann “In these days of Talent Wars, the best way to keep your stars is to know them better than they know themselves… …and then use that information to customize the career of their dreams” Timothy Butler & James Waldroop “Job Sculpting” Harvard Business Review September-October 1999 Make it your OBVIOUS mission to make your top people all they can be • Focus upon external value • Develop personal USPs • Provide greater high level contact & mentoring / coaching • Engage in long-term programs with certified output You Must Know Their… • • • • • Achievements to date Failures to date Strengths Development needs Career / life goals – inside & outside the organisation • Family situation – priorities • Passionate interests Charismatic leaders are extraordinary communicators Communication I: Listen! “The greatest compliment that was ever paid me was when one asked me what I thought, and attended to my answer.” Henry David Thoreau Feedback ‘I’m not afraid of death. I just don’t want to be there when it happens.’ We’re not afraid of feedback. We just don’t want to be in the room when it’s delivered. Sylvia Ann Hewlett Communication II: Feedback • Identify why each top performer position is vital, what it contributes – and tell them – Over, and over, and over again (‘Rule of Seven’) • Catch teams and individuals doing good – and recognize it publicly (sincerely) “Sometimes the fiercest thing we can say to someone is, “I want to tell you exactly what I appreciate about you.” And tell them. With no ‘but’ or ‘however’ attached. Susan Scott, Fierce Leadership Communication III: Keep it Positive • At every level the overriding atmosphere must be one of optimism – Find the good news and promote it Communication III: Keep it Positive • At every level the overriding atmosphere must be one of optimism – Find the good news and promote it • Don’t assume it has penetrated – bad news travels faster and more efficiently Charismatic Leaders Create a Shared Vision “When there is no vision the people perish” -Book of Proverbs “Obstacles are those frightful things you see when you take your eyes off your goals” Henry Ford They accomplish long term goals by planning daily steps Don’t be silly about goals! • 2006, 2007 goals probably won’t fly • Don’t manage for failure • Adapt – make them realistic ‘at a stretch’ Charismatic leaders know when to stop planning & take action – they don’t hesitate “Don't spend your time waiting for the perfect situation, something which is not very likely to come. Go ahead with life as it is, with the bumps and the pitfalls, and give your best to every moment.” - Ralph Marston Charismatic leaders see obstacles as opportunities for creative change in the organisation – and instil that attitude in their people Charismatic Leaders Motivate K.I.T.A Motivation ‘101’ Thanks! Help! Reputation Take a bow! Motivation II: Reach out to your people Get out among them – be visible “80% of success is just showing up” Woody Allen Pep talks and ‘team touches’ are at least as important as strategy bashing Profiles - Showing Up • Monthly whole company ‘Town Hall’ – Distance worker teleconference or view/listen to recordings • Followed immediately by team level meetings – ‘keeping on message’: ‘what did you think?’ ‘Questions?’ ‘anything need clarification?’ • 1-2-1s with ALL team members – keeping ‘on message’: ‘Good job’ & YOUR situation • At all the focus is upon listening, soliciting ideas & suggestions Charismatic Leaders display genuine self confidence and keep a positive outlook The Charismatic Leader … your time has come “Inspirational Leaders choose to be Inspirational Leaders – they make the choices that enable them to become Inspirational Leaders” "I'm rather like a mosquito in a nudist camp; I know what I ought to do, but I don't know where to begin." Stephen Bayne You must know how you’re perceived to be by your people… …inside out Some of the 70 things you MUST know • • • • • • • • Listens to all points of view with an open mind Is an effective articulate speaker Is honest in dealings with others Reacts constructively to setbacks Shows consideration for the feelings of others Is a patient, effective, helpful coach Gives recognition to producers of high quality work Shows appreciation when others give extra effort 15 minute to look inside your leadership capabilities… ‘Self’ Anonymous & Confidential Direct Reports Anonymous & Confidential Each Leader / Manager Peers ‘Boss’ “If it’s not written down, or has no deadline – it’s a hope… ...and hope is not a Legitimate strategy” The Leader as a Key Factor in Success