Category: Communication

Effective Succession Planning – The Silver Bullet For Successful Companies

How do I select the next leader in my company. This series reviews the need for succession planning and identifies the key traits and competencies of successful future leaders.

 

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THE SILVER BULLET

In last week’s blog post we pointed out that experienced leaders are retiring at an alarming rate leaving organizations without a pool of leaders from which to choose to fill open roles. Many companies are also ignoring the growth and development of future leaders due to budget shortfalls and lack of commitment to training and development. If a company does not invest in leadership training for its high-potential employees, those individuals are likely to leave and find opportunity and deeper engagement elsewhere. For most people, leadership is a skill that begins in their youth but must be nurtured throughout their career. Companies cannot approach leadership selection and train the same way they approach other opportunities in the company. Leadership selection and training must feel special and be engrained as a core component of the organization’s culture.

This week we will address the characteristics of an optimal leader so that companies have a framework from which to choose the best candidates to fill future roles in your organization. According to Marshall Goldsmith, number one executive coach in the world, successful leaders must maintain the traits of humility, courage, and discipline. These traits coupled with five competencies can build a successful employee into an excellent leader. In this blog, we will review the essential traits and next week we will talk about the core competencies required of a successful leader including solid communication, people engagement, boundary-less inclusion, assuring success, and continuous change.

 “Successful people become great leaders when they learn to shift the focus from themselves to others.”
― Marshall Goldsmith, What Got You Here Won’t Get You There: How Successful People Become Even More Successful

Humility

Holding a position of power may be useful for a person’s ego, but successful leaders ensure that their employees know that their leader is not above his/her shortcomings. Leaders cannot be afraid of their failures. We all fail at some point, but what matters is the way we pick ourselves up and learn from our mistakes. Learning from our mistakes is what helps us grow and be stronger. When employees recognize that failure is natural, even for leaders, they will feel more open-minded and confident. Excellent leaders involve their stakeholders with suggestions to improve their performance and that of their department. They consider all recommendations, accept the ones that make sense and make changes as appropriate. Strong leaders admit they are not perfect and demonstrate leadership growth.

“No matter how good you think you are as a leader, my goodness, the people around you will have all kinds of ideas for how you can get better. So for me, the most fundamental thing about leadership is to have the humility to continue to get feedback and to try to get better – because your job is to try to help everybody else get better. ”  Jim Yong Kim

Courage

Leaders need to have the courage to get out of their comfort zone and try new things. They need to be vulnerable, rethink deeply held beliefs, and do what it takes to change. Excellent leaders stand behind their employees and speak up for initiatives in which they believe. New leaders need to learn how to use the power of facts and financials rather than emotion to justify his/her actions. Also, one of the most challenging adjustments a new leader has to make is learning how to handle disagreements or issues. Leaders want to be fair and balanced while avoiding potential conflict, which sometimes can be difficult. In fact, managers often veer away from confrontation and try to avoid it at all costs. New leaders need to create an environment that encourages continuous feedback on both sides. Once they receive feedback, leaders should not criticize or make excuses for the suggestion. Rather they should respond with a simple thank you to the employee for the suggestion.

“Success is not final: Failure is not fatal, it is the courage to continue that counts.”

Winston Churchill

Discipline

Leaders need to be able to implement and hone their behavior, habits, and processes. A key indicator of the success of a future leader is the employees’ ability to recognize undesirable behaviors and change them. The employee should also be able to graciously accept criticism from his/her stakeholders and make positive changes in his/her behavior based on that feedback. Making leadership change stick is all about creating more effective habits and processes, which requires disciplined execution of an action plan developed after receiving input from stakeholders. Accepting and responding to stakeholder feedback can be difficult for some employees. When that is the case, developing a successful leader with this employee could be questionable.

“Discipline is the bridge between goals and accomplishments!  Jon Rohn

Final Thoughts

Baby boomers are quickly retiring leaving holes in the leadership of many companies. Recognizing the employees that have potential to be outstanding leaders is a natural outcome during a succession planning process. Executive coaching needs to begin as soon as possible once these high-potential employees are identified. Companies who invest in coaching receive a 4% to 8% return on their investment. Golden Professional Coaching is a certified Marshall Goldsmith Executive Coaching firm and certified in the John Mattone Emotional Intelligence leadership development approach. Golden Professional Coaching is ready to take on the challenge of coaching your high-potential employees to be the best leaders on your team. Contact Mary Kuniski at mkuniski@me.comfor more information.

GoldenProfessionalCoaching.com

“One of the things we often miss in succession planning is that it should be gradual and thoughtful, with lots of sharing of information and knowledge and perspective, so that it’s almost a non-event when it happens.”       Anne M. Mulcahy

 

 

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CHANGING BEHAVIOR

Will you accept Marshall Goldsmith’s two-week challenge to achieve your goals?

TAKE THE TWO-WEEK CHALLENGE

Published by GoldenProfessionalCoaching.com

Marshall Goldsmith is the master of behavioral change. In his book called “Triggers, Becoming The Person You Want To Be.” Goldsmith suggests, can we increase our motivation, demonstrate commitment, focus on positive action and reinforce the idea that goals are achieved incrementally by asking ourselves daily active questions that help inspire us to work toward our goals.

What is the two-week challenge one might ask?

To understand the challenge, we need to understand the concept of a Trigger. Inside of each of us, there is a leader who always wants to behave appropriately no matter what the environment. Yet certain environments cause us to be followers and inappropriately behave when faced with a Trigger. Consider when you last encountered an unpleasant trigger. An embarrassing moment occurred to me when I called the school and asked to speak my child’s teacher. The secretary informed me that the teacher did not take phone calls. I explained that she had told me I could call at any time. The secretary insisted all she could do was leave a message for her to call me. When I did not receive a return phone call for two days, I was exasperated. I contacted the school secretary again, and instead of calmly thinking of what circumstances may have prevented a return phone call, I  got very irate. That is not my typical behavior and certainly did not win me any favors in the long run.

Thus, we can consider the definition of Triggers to be stimuli that prompt a behavioral reaction. They can be beliefs, behaviors, or environments. Identifying your Triggers is useful in all your interpersonal relationships whether at home or the workplace. Being able to work consciously and proactively with Triggers in today’s ever-changing environment, and knowing how to identify, anticipate and adequately respond to them is critical to career success, strengthened relationships, and becoming the best version of one’s self.

The typical cycle for a Trigger looks like this: Trigger – Impulse – Response

To create behavioral change, we must take a moment and become self-aware of how we are feeling and what a proper response should be to this moment. We make many excuses for ourselves to misbehave. In the end, we are the only ones that can change our behavior. We have to decide to change and be accountable for our results

“Between a TRIGGER and our response, there is a space.  In that space is our power to choose our response. It is in our response that lies our freedom and growth as leaders.”   Victor Frankl

When we add two additional steps to our Trigger response process, we can find our freedom from circumstances.

Trigger – Impulse – Self-Awareness – Choice – Response

Marshall Goldsmith’s program of accountability requires us to ask ourselves (or have someone ask us), a series of engaging questions that are designed to incite a feeling of personal responsibility and demonstrate effort. Asking oneself a specific set of questions each night reflects a dedication to behavioral change. It also provides a mechanism for receiving feedback on current practices. The real key to the queries’ effectiveness is having another person, such as a friend or loved one, respond to the answers and challenge any trouble spots to determine if there is a causal link between behaviors and an environmental factor.

Marshall Goldsmith recommends that we begin at a minimum with six active questions listed in his book. He also advises us to add specific issues that relate to the critical goals in our life and or career. What is important to note here is the development of these questions. Questions that say, “ I have done my best to listen to my staff” are a passive question and give the leader an out. All inquiries should be formatted in an active voice.  This question should be formatted to read; I set aside one hour each day to listen to my staff’s needs.

The Two-Week Challenge

This week I was fortunate enough to offer a workshop on Triggers to the Retail Value Chain Federation (RVCF.com) at their spring conference. We spent about two hours discussing the topic and then agreed to ask ourselves our own set of eight to ten questions every day for two weeks. We determined we would rate ourselves 0-10 on each question each day for two weeks, and at the end of each week, we would average the questions to see if we had improved. Why two-weeks you might ask? It takes a minimum of two-weeks to form a new habit.

Watch for more feedback on how we did.

Final thoughts

“THE ONLY PERSON YOU ARE DESTINED TO BECOME IS THE PERSON YOU DECIDE TO BE!”

Ralph Waldo Emerson