Wednesday, April 16, 2008

Stop or My Mom Will Shoot

Here's some special words of encouragement from Jack Welch to his old company and successor. ...

Leadership Incentives

... "Jack Welch said Wednesday that he would get a gun out and shoot his successor, Jeff Immelt, if he allowed GE to miss earnings targets again. " ...


Via USATODAY: Immelt should be scared

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Sunday, October 28, 2007

A Goose Learns to Lead: Meet Gregory

I just returned from a mind-altering three-day thought leadership summit in Connecticut, hosted by Judith Glaser, author of Creating We and The DNA of Leadership (both of which are landmark books for leading change and ensuring alignment in your organization or team).

At the summit, which we collectively titled The First International Creating We Summit, we engaged in deep conversation and shared the most groundbreaking tools for facilitating real change. Present were the leading thinkers from a variety of disciplines, including organizational development, neuroscience, psychology, and more. The mutual benefits and shared learnings were so great that we realized we need to keep working together on an ongoing basis.

Rest assured, more will come from this, so stay tuned. Meanwhile, we got to preview a new video from Judith Glaser, called The Leadership Secrets of Gregory Goose. Don't let the title, or the simplicity, fool you. This animated short packs a wallop in its short 6 1/2 minutes, and is bound to generate discussion among leadership teams who watch it. The purpose of the video is to help leaders understand how sharing power releases the leadership instincts in others.

Here's a brief snippet, along with information for ordering it (the package comes with a facilitators guide and power point presentation, so you can conduct your own workshop with the video). If you order it, tell them PMThink sent you.

The Leadership Secrets of Gregory Goose by Judith E. Glaser :: Benchmark Communications, Inc.

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Tuesday, February 20, 2007

Just the Facts: Evidence-Based Management

I recently read an enlightening book by Jeffrey Pfeffer and Robert I. Sutton, titled, Hard Facts, Dangerous Half-Truths, and Total Nonsense: Profiting from Evidence-Based Management.

The premise of the book is that many organizations follow the guru du jour, or manage according to the book of "someone said so." As the book points out, if we only looked at the evidence, we'd see that may of these so-called truths are anything but.

Here are some examples of the lessons the book has to offer, always supported by evidence:

1) Forced ranking of employees doesn’t work, especially where people’s performance depends on interdependence with others. Furthermore, a survey of over 200 HR professionals by the Novations Group found that forced ranking (employed by more than half of the companies) resulted in lower productivity, injustice, skepticism, less employee engagement, reduced collaboration, lower morale, and mistrust in leadership.

The authors add that, if an organization trains people right and places them in an effective system, there’s no reason why 10 or 20 percent would automatically become incompetent every year.

2) Beware of your biases as a manager. Studies of NBA drafts showed that players picked earlier and paid more were less likely to be traded and had longer careers, regardless of their actual performance.

3) In the war for talent, don't forget that bad systems cause far more damage than bad people. Try redesigning systems and jobs before judging individuals. And don’t give people objectives unless the system and staffing can support it.

4) Watch out for dangerous incentives. One organization's salespeople shipped too far ahead of schedule just to win a prize. Some salespeople would hold customer returns in the trunk of their car so they still get their commission for that period. Others opened bad credit accounts because any order counted as a good order. In another company, incentives to complete truck routes early led to increased accidents and overloading of trucks to avoid multiple trips.

5) Strategy isn’t all it’s cracked up to be. Operational execution often has a greater impact on performance. The CEO of Wells Fargo once said, “I could leave our strategic plan on a plane and it wouldn’t make any difference. No one could execute it.” In U.S. football, virtually every play is designed to go for a touchdown. Unfortunately, reality gets in the way, as do mistakes in execution.

The authors point out that time spent pursuing strategic options could be better spent solving operational problems or focusing on customer needs. Organizations such as eBay and Intel use a “learn as you go” approach, putting something in the market and tweaking accordingly. Doing the right things is important, but not at the expense of doing them effectively.

6) Many changes, including mergers and acquisitions, ERP implementations, Six Sigma programs, Business Process Reengineering, cost cutting initiatives, and others, carry risks that outweigh the benefits and can be easily misapplied. People tend to underestimate the costs and overestimate the gains.

However, if it is determined that the change is still needed, the authors suggest we:

a) Ensure dissatisfaction with the status quo (i.e. the burning platform)
b) Communicate the same message repeatedly about the need for the change
c) Express extreme confidence in the change, but listen to concerns and adjust accordingly
d) Expect setbacks, errors, and miscommunication; Learn from it and revise processes. Never point fingers.

7) Based on proven evidence, in order to gain respect and trust, leaders should:

a) Act "as-if" - Be sure to act and talk like a leader
b) Have some sense of modesty. Understand the difference between knowledge (knowing things) and wisdom (knowing what you know and knowing what you don’t know).
c) Know when to get out of the way.
d) Above all, be an architect of systems, teams, and cultures.

These are but a few of the valuable nuggets in the book. The book offers additional tips as well, plus loads of supporting stories, examples, and research. Perhaps most valuable is the chart on the various types of changes and risks associated with them. I highly recommend this book to all leaders.

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Sunday, January 28, 2007

Empathy: Lessons from Iwo Jima

I just saw Clint Eastwood's magnificent film, Letters from Iwo Jima, this weekend. Of course, as usual I end up looking at everything through the lense of leadership and project management lessons, which drives my wife crazy.

The film offered numerous contrasting examples of good leadership and poor leadership. The differences weren't hard to spot. Besides strategic intuition, what separated the effective leaders from the rest of the pack (on both the Japanese and American sides) was an undeniable sense of empathy (much like the film's director, Clint Eastwood, did in making the film from the Japanese perspective).

Empathy, a key component of Daniel Goleman's Emotional Intelligence, is an undervalued trait in leadership. Equally important is the wisdom to know what to do with that empathy. In the film, the leaders who showed empathy and restraint were able to make the right decisions, even in the heat of battle. Their moral compass served them well. Ironically, it was empathy that led them to be able to predict the moves of the enemy as well.

Then there were the less effective leaders who blindly followed rules, thought only of themselves, were obsessed with power, and looked at people as objects to be used. Go see the movie. You'll see leadership styles worthy of emulation, and those to avoid. Ultimately, the film is about human decency and indecency.

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