Career – thoughtLEADERS, LLC: Leadership Training for the Real World

When your annual plan goes off the rails, how does your organization react?

May 28, 2020/0 Comments/in Business Toolkit, Career, Communications, Leadership, Poll, Strategy /by Ryan Shaw

Our reader poll today asks: When your annual plan goes off the rails, how does your organization react?

We try desperately and in vain to make the plan happen. 13%
We keep the plan but accept that we’ll fail. 6.3%
We tweak the plan and do the best that we can. 66%
We disregard the plan and write an entirely new one. 14.6%

Are tweaks enough? When bad things happen to good strategic and annual plans, the vast majority of you say you “tweak it and do the best you can.” You might be missing great opportunities or assuming gigantic risks with that approach. Usually when a plan goes off the rails it’s because of a massive external dislocation. Those can be opportunities to reassess everything you’re doing and plot a new course. Your competitors are reeling from those challenges, too, and while they’re taking a “tweak and hope” approach, you have a real opportunity to compete differently in a new market environment.

Press pause on the plan. Do a fundamental reassessment of your strategy given the new realities of the market. Make the changes you need to make today, and do so of your own volition rather than tweaking, hoping and waiting. Because the market will ultimately force you to change, and that’s a lot less pleasant than making the change on your own terms.

Do you agree with these poll results? Let us know in the comments below!

– Mike Figliuolo at thoughtLEADERS, LLC

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The Philosophy of One Team & Extreme Ownership

May 25, 2020/0 Comments/in Books, Career, Guest Blogger, Leadership /by Ryan Shaw

Leadership is not always about being the loudest voice in the room, it’s about the ability to bring a group of people together around one goal.

Today’s post is by John Piester, President of RedPeg Marketing.

Nearly four years ago I became President of RedPeg Marketing. I quickly encountered many firsts in my 20+ year career that I wasn’t sure I was prepared for, namely becoming the leader of a then 21-year-old privately owned agency with roughly 45 employees.

For the first time in my professional life, I’d have the overall responsibility for the success or failure of an organization and, in turn, everyone who worked there. I’d been in leadership positions before across business units, work groups within companies, sports teams — but this felt different. Bigger. Was I ready?

A team is only as good as the people on it

As a young boy, I learned the importance of being part of a team from watching my dad coach football and basketball for a local high school. Unsurprisingly, sports have always played a huge role in my life and I know it helped me learn valuable lessons about leadership that I’ve been able to apply throughout my career as well. The most important takeaway for me is that a team is only as good as the people that are on it.

What are the biggest mindset challenges you face when leading your team remotely?

May 14, 2020/0 Comments/in Business Toolkit, Career, Communications, Leadership, Poll, Strategy /by Ryan Shaw

Our reader poll today asks: What are the biggest mindset challenges you face when leading your team remotely?

I worry they’re not actually working. 19.5%
I have little control over their deliverables. 8.4%
I worry they feel like I’m not developing them. 22.2%
I worry they feel I’m not necessary or adding value. 16.9%
I don’t worry at all about anything. 12.7%
I worry about something else. 20.3%

It’s not you, it’s me. While 28% of you worry about your team members’ productivity and managing their deliverables because you can’t supervise them closely, the bigger concerns (39%) are with how the team members see you as their leader. You’re worried about not developing them or adding value. These are the true leadership concerns to keep top of mind. To manage them, schedule regular development and 1:1 calls. Don’t let good in-office habits fall by the wayside. Have explicit conversations about their development needs especially in a distanced environment. In terms of adding value, don’t just ask “What can I help with?” because you’ll get a “nothing” response. Make specific offers of assistance like “I’m happy to talk to that one stakeholder who’s giving you trouble and see if I can help remove the barrier.” Specific requests show you’re tuned into what their issues are and are more likely to be met with a response of “that would be really helpful.”

Do you agree with these poll results? Let us know in the comments below!

– Mike Figliuolo at thoughtLEADERS, LLC

Did you enjoy this post? If so, I highly encourage you to take about 30 seconds to become a regular subscriber to this blog. It’s free, fun, practical, and only a few emails a week (I promise!). SIGN UP HERE to get the thoughtLEADERS blog conveniently delivered right to your inbox!

Rethinking Gen Z and Millennials in the Workplace

April 27, 2020/0 Comments/in Books, Career, Guest Blogger, Leadership, Training /by Ryan Shaw

Millennials and Gen Z workers are passionate and searching for meaning in their work. It’s time to ditch the lazy and entitled cliches society attributes to these generations.

Today’s post is by Heidi Ganahl, author of SheFactor (CLICK HERE to get your copy).

News flash: the promising new grad you just hired is already looking for her next job.

The numbers don’t lie – Generation Z and Millennial women are only staying at their jobs for an average of 18 months. In comparison, the national average for salaried employees is 4.6 years, according to an Economic News Release from the Bureau of Labor Statistics.

The American workforce has changed dramatically since Millennials came on the scene. This phenomenon has left many of us wondering why the ways we engage, reward, and retain employees have not changed with it.

Today, especially with a historically low national unemployment rate, companies cannot afford to lose their ambitious new talent. The costs of turnover and training can add up in ways that go beyond the measure of profit margins. Reputation, recruitment, and employee turnover can add up to about half of an employee’s annual salary. Let that sink in for a moment.

If you want to retain Millennials, your organization’s leadership must give them better reasons to stay.

How prepared is your organization for a sudden crisis?

April 16, 2020/1 Comment/in Business Toolkit, Career, Communications, Leadership, Poll, Strategy /by Ryan Shaw

Our reader poll today asks: How prepared is your organization for a sudden crisis?

Extremely: 10.01%
Very: 27.81%
Somewhat: 36.82%
Not very: 17.56%
Not at all: 7.80%

Crisis management identifies opportunities. It would have been interesting to take this poll a few months ago and see what the responses were. My guess is the “Extremely” and “Very” categories would have scored much higher. We tend to overestimate our capabilities and underestimate the impact of a crisis. The best thing you can do during a crisis, other than dealing with it, is identify where your organization is falling short and fill those gaps either during the crisis or after it passes. The weaknesses exposed in the midst of the chaos are ways you can harden your business and get it ready for the next inevitable, unforeseen challenge. Start gathering lessons learned as soon as the crisis hits and allocate resources immediately to fix those issues. You’ll be glad you did when the next crisis hits.

Do you agree with these poll results? Let us know in the comments below!

– Mike Figliuolo at thoughtLEADERS, LLC

Did you enjoy this post? If so, I highly encourage you to take about 30 seconds to become a regular subscriber to this blog. It’s free, fun, practical, and only a few emails a week (I promise!). SIGN UP HERE to get the thoughtLEADERS blog conveniently delivered right to your inbox!

Leadership Through the Lens of Wellbeing

April 13, 2020/1 Comment/in Books, Career, Guest Blogger, Leadership /by Ryan Shaw

One way to instantly see if your workforce is being effectively managed is to ascertain how they feel about work.

Today’s post is by Dr. Ian Hesketh and Sir Cary Cooper, authors of Wellbeing at Work (CLICK HERE to get your copy).

Starting with the basics, it is without doubt that the relationship workers have with their immediate line managers is the one that can impact most on their wellbeing. The relationship can be the key to happiness, positivity, commitment, productivity and performance. The good news is that this skill can be developed and honed, resulting in optimum working efficiency. Therefore, it is well worth the investment in your leaders, at all levels. We suggest that at its very basic level leadership can be broken down into just three elements. These are, knowing yourself, knowing your people and knowing your business.

One of the most popular frameworks of leadership is that of transforming leadership. Initially coined by James Downton in 1973 following his research into charismatic leadership, it was influenced largely by Bernard Bass, and his instrumental book Leadership and Performance Beyond Expectations. Bass established what it was about leadership that inspired extra ordinary achievement and contributions of extra-role effort. He explored what were the traits that great leaders seem to have; concluding with four major tenets. These leadership attributes, commonly known as the 4 ‘I’s’, are: