Archive for January, 2012:

Culture Eats Strategy For Lunch

January 31, 2012

Posted by in Blog with no comments

cultureEatsStrategyImg

This is a great blog post from the Fast Company blog about creating and sustaining a vibrant and healthy organizational culture. We see organizational leaders every day that don’t get a fraction of the concept produced in this blog post and it seems that if we continue to ignore this intangible concept, we do so at our own peril. What are you doing to contribute to or improve upon your company’s culture?

Get on a Southwest flight to anywhere, buy shoes from Zappos.com, pants from Nordstrom, groceries from Whole Foods, anything from Costco, a Starbucks espresso, or a Double-Double from In N’ Out, and you’ll get a taste of these brands’ vibrant cultures.
Culture is a balanced blend of human psychology, attitudes, actions, and beliefs that combined create either pleasure or pain, serious momentum or miserable stagnation. A strong culture flourishes with a clear set of values and norms that actively guide the way a company operates. Employees are actively and passionately engaged in the business, operating from a sense of confidence and empowerment rather than navigating their days through miserably extensive procedures and mind-numbing bureaucracy. Performance-oriented cultures possess statistically better financial growth, with high employee involvement, strong internal communication, and an acceptance of a healthy level of risk-taking in order to achieve new levels of innovation.

Read More at Fast Company

Better Under Pressure!

January 30, 2012

Posted by in Blog, Thought Leadership with no comments

I was told by a manager at Nortel
Networks in the 1980s that when times were tough, true character in leaders was
revealed.  I couldn’t have agreed more…
especially in a politically charged climate for a company approaching $30
Billion in sales.  That insight stayed
with me for assignments to follow and it paid off when I focused on being calm
during the storms.  The stress of the
situation was always tough enough without adding my own “manufactured” stress
in the moment.  The following book summary rings true for me and articulates advice for leaders who find themselves under constant pressure.

According to Justin Menkes, consultant for the executive search firm Spencer Stuart and
author of the best-seller Executive Intelligence, the best leaders are
those who have the ability to realize their potential and the potential of
those they lead — in other words, to perform to the best of their ability and
to get the best out of their people. In his new book, Better Under Pressure,
Menkes presents three specific “catalysts” for realizing potential:realistic
optimism
, subservience to purpose and finding order in chaos.

How to Be Optimistic Without Losing Your Head

Realistic optimism is self-confidence without self-delusion or irrationality,
writes Menkes. People who have this trait are not afraid to attack audacious
goals, but are also fully realistic about the challenges and difficulties that
lay before them. To be realistically optimistic, Menkes explains, leaders must
have both “an awareness of actual circumstance” — the ability to see
the world as it is, both positive and negative — and a “sense of
agency” — the deep belief in one’s capabilities to change circumstances or
situations.

Menkes illustrates the ability to see the world as it is through the story of
“Randy,” an insurance company executive interviewed for the top
position at one of America’s leading insurers (Menkes disguised his name for the
sake of privacy). The interview took place soon after the collapse of AIG,
which was in large part due to the company’s involvement with high-risk credit
default swaps. Randy was intrigued by the credit default swaps, but remained
cautious. It seemed to him that there were serious risk issues that his
competitors did not seem to notice. As a result, according to Menkes, Randy set
up “a separate subsidiary unconnected to the rest of the corporation that
did a small trade in these products.” In retrospect, the move might seem
like genius, but for Randy it was simply of matter of “weighing risk and
reward,” Menkes writes. Randy was realistic about both the upside and
downside of credit default swaps. And he also had the humility to admit that he
wasn’t sure where this new market might go. His approach to credit default
swaps reflected realistic optimism — he was willing to give the new product a
try, but didn’t buy into the unsupported enthusiasm in which other companies
indulged, to their eventual regret.

Fighting Back

Subservience to purpose, the second of the three catalysts, means a total
dedication to a goal. “Leaders who demonstrate subservience to purpose put
a particular pursuit — such as their company’s mission — ahead of their own
comfort,” Menkes explains. “Quite simply, great leaders equate
progress toward this goal with emotional satisfaction. They are, ultimately,
servants to their company’s most noble purpose.”

The third catalyst for leaders is to find order in chaos, Menkes writes. This
is the unique ability to cut through multiple or multi-dimensional problems to
find the solutions and resolutions that others cannot see. Maintaining clear
thinking and having the drive to solve puzzles are the two key attributes in
leaders who are able to find order in chaos.

Menkes conducted in-depth interviews with 60 of the best CEOs in America and
draws on research of 200 other CEOs and leaders. The result is a clear
explanation of three core personality attributes that separate the leaders who
can face up to any challenge from the leaders who crumble or are weakened by
adversity. Better Under Pressure
is a valuable book for both experienced and emerging leaders.

A Revolution in Customer Service

January 23, 2012

Posted by in Blog, Thought Leadership with no comments

Now here’s
a story of how to “wow” the customer.
Rarely as providers do we put ourselves in the shoes of our customers to
find ways to meet needs they’re not even aware of.

In The Amazement
Revolution
, an engaging new book on customer service,
author Shep Hyken tells the story of a Web hosting company named Contegix that
proactively uncovered and prevented an impending disaster for a client while
the client itself was unaware of what was happening. One weekend, the Contegix
director of key accounts was monitoring social media mentions of all his
clients’ companies when he noticed a disturbing trend involving one of those
clients, an online ticket agency. A promotion had led to a tidal wave of demand
for free tickets that threatened to crash the client’s Web site. When efforts
to reach the client for a server upgrade authorization were unsuccessful, the
director of key accounts preemptively called in his engineers, who rushed to
install the additional servers that kept the client’s site functioning. On Monday, Contegix informed the client what had
happened during the weekend, and said that the client could pay for the new
servers or refuse them. Contegix also said the rush installation and
engineering over the weekend would be offered at no cost.

The Contegix story is one of the many case studies that exemplify what Hyken
calls “amazing” customer service — customer service that is
consistently and predictably above average. While a number of the ideas in The Amazement Revolution
may be familiar to readers of customer service books, Hyken (whose previous
book was the best-selling The
Cult of the Customer
) offers a framework that translates the key
issues of customer service into seven actionable strategies, supported by more
than 100 specific takeaways (with typical flair, Hyken calls them ARTs or
Amazing Revolution Takeaways).

The Power of
Partnership and FUN

The Contegix case study is a powerful illustration of Hyken’s third strategy:
to cultivate a partnership
with customers that goes beyond the traditional ongoing service relationship.
The monitoring of the client’s social media mentions alone was beyond the duty
of a standard Web hosting arrangement. Most Web-hosting companies would not
even have learned of the problem until after the client itself noticed the
issue — which would have been that Monday morning
after the site had crashed over the weekend.

Another of Hyken’s seven strategies is for companies to “have serious
FUN.” The acronym stands for employees who are motivated in their
interactions with customers by a personal sense of Fulfillment and of being appreciated for
their Unique
needs and skill, and the anticipation of the Next
challenge.

As Hyken explains, if you engage your employees, they will engage your
customers. Hyken’s other strategies include:

Provide Membership: Treat the people served by a company as members with
an elite status rather than customers.

Hire Right: Hire the people whose personalities will best support the
customer service experience. The key is to hire for attitude first, then worry
about developing the right skills.

Create a Memorable After-Experience: Create a memorable, positive and
even unexpected experience for customers after they have done business with
you.

Build Community: Create a community of evangelists by listening to,
supporting and respecting your most loyal customers.

Walk the Walk: Make sure every employee at every level of the
organization consistently and without exception supports your commitment to
customer service.

Enthusiastic
Practicality

The cover of The Amazement Revolution
features a stylized rendering of fireworks, effectively underscoring the
celebration of great customer service in these pages. Some readers may see the
cover illustration as cheerleader pom poms, which would be equally appropriate
given the palpable energy and enthusiasm in this book.

The power of the book, however, goes beyond Hyken’s engaging vocabulary and
style. The detailed organization and structure of the book offers readers easy
access to scores of practical strategies, tactics and ideas, supported by 50
real-world examples.

Managers and employees don’t need sizzle, they need steak, and Hyken delivers.

5 Ways Leaders Must Get Their Hands Dirty in 2012

January 19, 2012

Posted by in Miscellaneous with no comments

Hands-Dirty-Touch-Business

The future of American enterprise is heavily dependent upon the mindset, motivation and desire of its leaders. Whether you are a front line manager, director, executive or in the c-suite – 2012 is a defining year for America’s economy. Your commitment to get your “hands dirty” is inextricably linked to the increased performance of workplace leadership.

The world is watching the continuous disruption of our economic order as our leaders resist confronting the real problems that…

Read More at Forbes.com

The Seven Habits of Spectacularly Unsuccessful Executives

January 16, 2012

Posted by in Blog with no comments

Time for Action - Clock

Sydney Finkelstein, the Steven Roth Professor of Management at the Tuck School of Business at Dartmouth College, published “Why Smart Executives Fail” 8 years ago.

In it, he shared some of his research on what over 50 former high-flying companies – like Enron, Tyco, WorldCom, Rubbermaid, and Schwinn – did to become complete failures. It turns out that the senior executives at the companies all had 7 Habits in common. Finkelstein calls them the Seven Habits of Spectacularly Unsuccessful Executives.

These traits can be found in the leaders of current failures like Research In Motion (RIMM), but they should be early-warning signs (cautionary tales) to currently unbeatable firms like Apple (AAPL), Google (GOOG), and Amazon.com (AMZN). Here are the habits, as Finkelstein described in a 2004 article:

Habit # 1: They see themselves and their companies as dominating their environment

This first habit may be the most insidious, since it…

Read More at Forbes.com

Leading in the Public Eye

January 9, 2012

Posted by in Blog, Thought Leadership with no comments

From news media to social media, every
organization, every leader, every decision is open to public scrutiny as never before.

Imagine if every time you named
employees to a team or task force or made a job assignment, you were blasted by
opinions and counter-opinions. Imagine if every decision had to be explained
(sometimes defended) to multiple constituencies. Also imagine if the measures
of success for you and your organization were moving targets.  This is the reality for leaders of today.

How do successful leaders navigate
leading in the public context?

Look out for collateral damage. Don’t underestimate the consequences of your actions and
decisions. You must be thoughtful on a moment-by-moment basis. Ask yourself: Am
I really clear about this situation or decision? Do I need more data, more
input, more time? What if I get this wrong? Do I need to change my
decision-making processes?

While taking more time slows you
down on the front end, it may save you hours or weeks of time and resources in
dealing with the fallout of a preventable problem.  Of course, there is always an element of risk
and uncertainty. If you get a decision right for person A, you automatically
get it wrong for person B, and person C is unhappy either way. You need to
learn to live in this reality.

Learn to span boundaries. Leaders must interact with many people and meet the
wide-ranging needs of numerous constituencies. Even in the context of a single company,
a leader is responsible to a huge number of communities that span geographic,
cultural, language, socioeconomic and educational boundaries — as well as ages,
interests and values.  Be empathetic when
interacting with anyone about anything.
It seems to be broad, but is critical in this day and age of social media.

Consider your legacy.  Leaders are often in
a specific position for just a few years. While they personally move on, the
best leaders leave their employees more energized, more capable and
well-prepared to come back and lead tomorrow, next month, next year. A leader’s
job is to buffer the employees from anything that pulls their focus off of
results, and to invest in them for the future.
As a business leader, what are you doing to ensure your people are
focused on what matters most — for now and for the long-term health of your
organization?

Consider how successful leaders
navigate the challenges that the “public eye” present.  Doing so will ensure you’re spending time on
the things that count the most.

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