Tag Archives: Communication

The Biggest Mistakes New Executives Make

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sabina-nawazby Sabina Nawaz

Organizations invest a lot of time and money in hiring the right CEO or senior executive to set a vision and make the changes in their company. Yet within the first 18 months, there’s a 50% chance the executive will leave the organization. This failure comes with enormous costs, not only in disruption to the organization but financially, too. One estimate puts the cost at 10 times the executive’s salary – sometimes more.

The reasons these individuals leave are many. They often cite poor cultural fit, inadequate onboarding, or the lack of appropriate expectations. But in reality, many new executives inadvertently set themselves up for failure within the first few months of their tenure through their own actions.

As an executive hired from outside the firm, you’ll naturally want to add value and assure your employers and employees that you are the right hire. But based on my work helping executives transitioning into new organizations, I’ve discovered common traps new executives tend to fall in, even as they try to solve problems, make decisions, and improve the company. Fortunately, there are ways to sidestep these traps so you can assimilate successfully into your new organization. Continue reading →

Pivots are for leadership — not just strategy

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By Tori Utley

The entrepreneurial journey is not linear – and it’s certainly not easy. Because of this, it’s easy to go the wrong direction, make the wrong decision, or choose a faulty business strategy.

Whether you’re a social entrepreneur solving community or social problems or an entrepreneur bringing new technology to market, there’s one thing you must remember – sometimes you need to admit your mistakes.

Whether it’s pride, aggressive timelines, or keeping your donors or investors happy, it’s difficult to say “we messed up” or worse – “I messed up.” This pride or fear can keep us ignoring both gut feelings and hard data – and ignorance in the face of truth about a mistake doesn’t get your company or your movement anywhere.

If entrepreneurs don’t know how to correct their own shortcomings – leadership style included – it puts the entire organization at risk of failure. Similar to how you run a startup, pivots are relevant in your leadership style, too. Learn to embrace the pivot to become a better leader – and watch your movement benefit in the process.

As a young social entrepreneur, I’ve had to learn the leadership pivot the hard way: after getting it way wrong. Although it’s never comfortable to go through these pivots, this kind of leadership and acceptance transcends through your team – which gets you closer to your ultimate goal of making an impact. Continue reading →

Your Team’s Time Management Problem Might Be a Focus Problem

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by Maura Thomas

iStock_000004877664XSmall - Copy“My team has a time management problem,” leaders often tell me. For example, an executive might say that their teams aren’t moving the needle on important projects, yet staffers seem busy and stressed. “Time management” becomes a catchall solution to this problem, and they want to hire me to offer tips and techniques on things like prioritizing and using their calendars better.

What we soon uncover, however, is that the root of their team’s problems is not managing time, but managing attention. And these attention management issues are due not to a skills gap on the part of the employees, but to a wider cultural problem unintentionally reinforced, or at least tolerated, by senior leadership.

Distraction is one of the biggest hurdles to high-quality knowledge work, costing almost 1 trillion dollars annually. The first step to addressing this problem is to treat it as a company culture problem that deserves the attention of senior executives.

In my experience, many leaders inadvertently allow or even actively promote the following four situations that impede their team’s ability to focus and produce their best work. Continue reading →

The 10 Best Business Lessons Of 2016

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Here’s a list of the best advice we’ve given for building and growing a successful organization.

Over the last year, there have been a lot of changes on the business landscape from Yahoo being sold to Verizon to Gawker going bankrupt. Along the way we’ve talked to CEOs of big companies, first-time entrepreneurs, and those working hard every day to make something new. Many have gone against the grain and looked at practices that may seem unintuitive but ultimately helped them find success.

To help you prepare for making change at your own company in 2017, we’ve complied some of the best business lessons we learned this year.

Lesson 1: Look Outside The Box When Sourcing Talent

Though unemployment has been on a steady decline over the last few years, tech jobs are still in high demand. More often than not they are hard to fill. Take the example of security: Cybersecurity jobs are very hot right now, and most companies are having trouble finding and cultivating the right talent. The answer to this problem may be to think bigger. Telecommunications services firm Level 3 has actually found success in sourcing security talent not from their hard labor skills but from their passions, namely from musicians.

Though many people do not know the technical skills that security professionals need, the company found that those adept at music were able to learn how to do the job and excel at it. By casting a wider net and seeking talent from out-of-the-box sources, a few companies have been able to fill gaps where others are still searching long and hard.

You can read about this strategy here: Musicians May Be The Key To The Cybersecurity Talent Shortage Continue reading →

Why leadership development doesn’t change some people

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By Jack Zengerjz

Statistics show that 40% of people are unaffected by leadership development. Here are the steps you should follow to turn the non-responders around.

My firm Zenger Folkman measures leadership effectiveness using a 360-degree feedback process in which 15 or so subordinates, peers, and the boss pool their perceptions of a leader. They complete an on-line assessment and the results are then passed onto the leader who was assessed. By repeating that measurement every 12-18 months, the organization can monitor the collective amount of change that comes from any development program. The difference scores tell you whether or not the leader in question has made significant change. Continue reading →