10 Things That Abruptly Happen When Real Leadership Shows Up

10 Things That Abruptly Happen When Real Leadership Shows Up

“There are no bad teams, only bad leaders.”―Jocko Willink

What does the environment around you look like?

Is it obvious to you and everyone else what you stand for?

Is your benchmark for success clear and understood by all?

Do you, as the leader, clearly reflect your vision and standards to such a degree that reading them is unnecessary?

Are you consistent in good times and bad times?

Are you a master of the basics and technical stuff, or have you lost touch?

When you experience failure, do you confront the future or wallow in the past?

No Bad Teams

There are no bad teams, just bad leaders.

Leadership is what determines how successful you and those around you are. If there is minimal success, there is minimal leadership.

There are very few real leaders:

  • Who genuinely stand for something and brightly reflect those standards
  • Who are willing to put everything on the line for what they believe in
  • Who create change and lead

Leadership is not born, it’s made. If you’re not excited about your current circumstances and success, you have complete power right now to make radical transformations.

Until you do, nothing will change.

Here’s what abruptly happens when you take ownership of your life and situation:

  1. Inject a winning standard of performance before you start winning

“How would your life change if you made decisions TODAY as if you were already the person you want to become TOMORROW? We tend to live up to our own feelings of ourselves (for better or for worse). If we plan to become something else, what better way to do so than to step into that skin now?” — Richie Norton

It doesn’t matter what your current circumstances are. Winners act like winners before they start winning.

Your mindset is what you grow into. Mental creation always precedes physical creation. Who you are in your head is who you eventually become.

Who are you in your head right now?

The first thing that happens when you step up as a leader is that you and everyone around you begin looking toward success. You start craving it, and believing it’s possible. In turn, your behavior starts changing.

It all starts with you.

It doesn’t matter where you are in your organization. As Robin Sharma explains, real leadership requires no formal title.

  1. Constancy among chaos and success

“Consistent effort is a consistent challenge.”―Bill Walsh

Most people can’t handle failure or success. They’re on a behavioral roller-coaster depending entirely on external circumstances. When things aren’t going well, they’re overwhelmed or depressed. When things are going well, they’re overconfident and lazy.

However, when you show up as a leader, your mindset and behavior remain constant regardless of success or defeat.

You are marching forward to the beat of your own drum. Everything outside of you is noise. You’re compelled forward by intrinsic vision and values. Your consistency reflects your conversion to your cause.

  1. Clear point of reference is established to keep you consistent

When you decide to lead, you provide a clear standard of excellence. Your standard of excellence becomes your point of reference, keeping you honest and consistent in all circumstances.

It ensures you don’t have too many bad days in a row. Or get derailed by haters. Or get overconfident when successful.

Your point of reference is what you really believe in. It’s why you do it.

When you’re struggling and failing, you look to your point of reference. When you’re crushing it, you look to your point of reference.

What’s your point of reference?

  1. Clear performance metrics are established to keep you accountable

“Where performance is measured, performance improves. Where performance is measured and reported, the rate of improvement accelerates.” — Thomas S. Monson

What does success looks like for you, behaviorally? What is your actual job? What do you need to do?

How do you determine if you’re failing or succeeding?

There should be clear metrics to measure yourself against. However, simply knowing what you should be doing isn’t enough. Clear accountability needs to be put in place.

That accountability, if possible, should be to an actual person, not just a spreadsheet. When you are required to report your progress — especially to someone you respect — your performance will improve.

  1. As the leader, you reflect the standard of excellence and recognize you are the ultimate bottleneck

When you don’t show up as a leader, everything falls apart.

You are the example of what optimal performance looks like. You become the living and breathing standard of excellence for others to emulate. You reflect your mission and values.

One thing is absolutely certain, your performance will be mimicked by those following you — whether good or bad. Thus, you are the ultimate bottleneck. Your failure to get to the next level hinders everyone relying on you. You can’t take people beyond where you currently are, personally and professionally.

Hence, Darren Hardy, author of The Compound Effect, has said, “Never take advice from someone you wouldn’t trade places with.”

Who you follow determines where you get in life. If your leader isn’t moving forward, you’re not moving forward, because your results are a reflection of your leader’s results.

Consequently, as the leader, you should be insanely determined to become the best you possibly can. The better you become the more clearly you can help others get where they need to go, because you’ve been there yourself.

The essence of true leadership is pure ownership. You’re no longer doing it for yourself, but so you can take those you leader further.

  1. A radical and permanent change in the environment and culture

“Man is not the creature of circumstances, circumstances are the creatures of men. We are free agents, and man is more powerful than matter.” — Benjamin Disraeli

Most people work from the outside in. They focus on the external environment, and thus, would take people out of the slums in hopes to improve their lives.

Conversely, as a true leader, you works from the inside out. You focus on the person, and thus, take the slums out of the people and empower them to take themselves out of the slum — so they can improve their own lives.

Most people focus on behavior. True leadership focuses on human nature.

As a leader, you know a person’s environment and behaviors are merely a reflection of them. If you change the person, they’ll change their own environment to match their new values and identity.

As you show up as a leader, and establish and exemplify a new standard of excellence, your environment immediately changes to match your internal reality. You create an environment that reinforces what you’re trying to accomplish, making your success automatic.

  1. A focus on values, principles, and philosophies over specific behaviors

In the book, Tribal Leadership, Dave Logan and John King distinguish organizations based on their tribal culture.

Most cultures focus on specific behaviors and practical applications. However, according to Logan’s and King’s extensive research, the most innovative organizations are not guided by behaviors, but rather, by values and principles.

When you’re doing what’s never been done before, there is no map or instruction book. Thus, you’re guided by ideals, and your behavior adjusts to meet the unique contexts you find yourself in.

And that’s the difference.

When you really show up as a leader, you instinctively place an enormous emphasis on teaching and learning. The human capital around you iseverything. The better your people become — as people, not employees or “followers”— the more successful and impactful you will all be.

  1. Any perception of independence is replaced with connection and extension

Most people focus on individual behaviors, and thus view themselves as independent entities.

However, when you become a leader, you recognize the inter-connected-ness of everyone you lead. Each and every person is an extension of each other. Each person lifts where they stand and fulfills their specific duty. Without each member, it all falls apart.

Independence is a broken concept, and has no place in real leadership. Being interdependent is where you want to be.

  1. An obsessive focus on the nuts and bolts (the fundamentals) creates an expectation of ensuing success

“Just as the yin-yang symbol possesses a kernel of light in the dark, and of dark in the light, creative leaps are grounded in a technical foundation.” — Josh Waitzkin

It’s all about the fundamentals. The better you get at the basics, the more confident you will be.

Like happiness, you don’t pursue success directly. Instead, you focus on perfecting your performance, and as famous coach Bill Walsh says, “The score takes care of itself.”

You don’t have to worry about the outcome when you master the nuts and bolts. Success takes care of itself. You just do work that’s so good it can’t be ignored. You focus on becoming a true professional in every sense of the word. Success becomes an organic and natural consequence of something much more important — who you are.

  1. Embrace failure as the path to victory

“If I fail more than you do, I win.” — Seth Godin

Failure is the path to your greatest success. And you will fail. You will fail hard if you really want to succeed.

And it will hurt like hell.

It will sometimes be hard to pick yourself back up. And in your deepest despair, you’ll confront your future as the leader you are, rather than wallowing in the past like so many do.

The past is over. It’s behind you. You are in this moment. And this moment is what’s going to make you.

Picking yourself up and continuing after big failures is the most important aspect of your personal development as a leader. Your personal confidence will be strengthened and solidified. You will begin to believe you can achieve anything.

Here are Bill Walsh’s 10 rules for failure:

  • Expect defeat and on’t be surprised when it happens.
  • Force yourself to stop looking back on the past.
  • Allow yourself some time to recover and mourn your loss. But not too long.
  • Tell yourself you are going to stand and fight again. You’re actually far closer to your destination than you can imagine.
  • Prepare yourself for the next encounter. Your next battle. One game at a time.
  • Don’t ask “why me”?
  • Don’t expect sympathy from others.
  • Don’t complain.
  • Don’t keep accepting condolences from others.
  • Don’t blame others.

Conclusion

The moment you’re ready to become a leader, you will experience these changes almost immediately in your life.

You are a magnet, and your environment directly responds to your inner world.

Are you ready to become a leader?

Connect Deeper

Thank you for reading! Have a beautiful day.

Source : Observer.com

 

How to avoid common mistakes during high M&A activity

How to avoid common mistakes during high M&A activity

Conditions remain strong for mergers and acquisitions, prompting 63% of CFOs to anticipate pursuing deals in 2016, according to global surveys Deloitte conducted in the fourth quarter of 2015. More than half of the CFOs who expressed interest in an M&A said they are pursuing deals to expand in existing markets, diversify in new markets, or achieve scale efficiencies.

Low interest rates, accessible and inexpensive financing, and healthy balance sheets boosted M&A activity to $3.8 trillion in 2015, surpassing the previous record set in 2007, according to data compiled by Bloomberg.

Uncertainty that is curbing the risk appetite in some countries may also slow M&A activity, but exuberance during periods of rapid M&A activity can lead to mistakes that companies aren’t usually prone to make. The three most common are:

  • Lacking a clear strategy as to what role an M&A will play in the company’s growth.
  • Paying too much for a deal because average bid premiums are driving up prices.
  • Resorting to an M&A as a last-ditch option to drive corporate growth.

To avoid the mistakes, CFOs can take these five steps:

Assess strengths, weaknesses, and opportunities for growth. The CFO and executive management should assess the company’s opportunities for growth in revenue and value and develop a strategy to complement strengths and backfill weaknesses. That may include deciding which customer segments in which geographic locations to serve and how to distinguish the company from its competitors, as well as understanding the capabilities and market access required to achieve the goals.

Identify priority pathways for growth. As part of the strategic assessment, identify new products or solutions that should be brought to market by a specific business unit at prices adding value for customers. These priority pathways for growth can highlight gaps and the role of M&A across specific units.

Examine competitors’ deals. Deals competitors have made in the past, including the size and geography of the deal, customer segments affected, and capabilities, can help prioritise M&A targets based on the company’s strategy.

Strategically screen identified opportunities. Generate portfolios of priority M&A candidates by screening identified opportunities. Screening filters such as size, geography, technology, and management talent, are important strategic choices that can help management and the board understand why a particular target was identified in the first place.

Execute with discipline. Anticipate potential culture clashes, labour disputes, and distribution gaps in a particular deal and factor them in during the screening process. With the integration risk identified, differentiate M&A opportunities and determine resources and talent needed to integrate effectively.

Source :  CGMA  Magazine

How Compensation Impacts Your Business

How Compensation Impacts Your Business

We compare top performing companies—defined as those who were first in their industry and exceeded revenue projections in 2015—to all respondents, revealing a correlation between modern pay practices and business success. The chart below shows how top performers’ pay practices compare to average companies:

Top 10 Pay Practices That Set Top Performers Apart

#1: Pay Transparency

47% of Top Performing companies intend to be transparent about pay. There has been a lot of buzz about pay transparency, everything from employer driven initiatives to employees taking it into their own hands. Employees increasingly expect transparency around pay from their companies. Take the time now to get your house in order so that when you are ready to make the decision to get more transparent about your pay practices, you’ll be ready.

#2: Effective conversations

While 82% of employees feel okay about low pay, as long as the rationale is explained, only 17% of companies are confident enough in their managers’ ability to have those tough conversations about pay. Your managers are your eyes and ears, especially when it comes to sentiment about pay. The ‘why’ matters! Managers have to be able to communicate the why and rationale behind pay decisions, which they can’t do if you either don’t know or haven’t explained to them yet. One of your most helpful tools is a Total Comp Statement, or Total Rewards Statement, which details the cost of all the benefits and compensation you pay out to your employees. 47% of top performing companies share a Total Rewards Statement with their employees. The best time to learn how much the company pays for health insurance is while your people are still employees, not when it’s time for them to pay COBRA.

#3: Performance Management

44% of companies say they are shifting from an annual to an ongoing performance management process. Most companies really want to pay for performance, but the obstacle is in outdated modes of performance evaluation. Shift to something that is as nimble as your business goals. Linking performance with pay is still integral to driving both engagement and results, the trick is in identifying the more efficient way of measuring performance.

#4: Competitive Strategy

61% of top performing companies pay more for competitive jobs. If you want to compete in a rapidly changing global economy, you have to pay more for your hot jobs and your top talent. A peanut butter approach isn’t going to cut it anymore – don’t spread your pay too thin. Pay more where it matters, save where you can. It’s noteworthy that half of top performing companies increased their compensation budget for 2016; they actually seek to compensate their people, and to compensate them well.

#5: Creative Mix of Pay

81% of top performing companies use variable pay, including both team and individual incentives. They’re also more creative about the total rewards package, including learning and development opportunities, gym memberships, catered lunches, and more. Get to know your workforce better. What motivates them? Figure out the right mix for the right segments within your organization, and definitely get creative because your competitors are.

#6: Addressing skills gap

70% of top performing companies report that they have a skills gap in their positions that have been open for 6 months or longer. That number jumps up to 80% in science and engineering jobs. That said, only 23% of companies think their positions are remaining open due to pay, so it’s likely something else. Use your succession programs to identify key talent within your organization. Use your learning & development programs to build them into your future leaders.

#7: Millennial strategy

35% of top performing companies will change their strategy for millennials. They are evaluating their PTO practices, as well as wellness, philanthropic, and diversity initiatives. In May of this past year, we tipped the point in the US to having Millennials comprise the majority generation in the workforce. Millennials aren’t coming, they’re here and they’ve been here. Get to know what millennials care about (fairness, flexibility, and advancement to name a few), and update your compensation strategy.

#8: Supervisor skills

35% of employers said that animosity with their direct supervisor was among the top 3 reasons for employees leaving. While pay often comes up as a number one reason that employees leave organizations, 67% of employees believe that a good relationship with their manager is critical to their job satisfaction. When we combine this idea with the fact that most managers have gotten where they are because they are great individual contributors, not necessarily people with excellent management skills, it gets much clearer that companies that thrive will have to successfully train their supervisors in people and communication skills.

#9: Learning & Development programs

86% of top performing companies believe that their people are their best asset. Motivating and engaging their best asset is key to achieving both individual performance and organizational results, as well as to having a high performance culture. 58% of employers plan to use learning and development programs to retain and recruit their employees.

#10: Fresh & accurate data

56% of top performing companies are open to either employer—or employee—submitted data, as long as it’s accurate and fresh. You’re no longer competing with yourself or the company across town. In a global economy, you’re competing with people all over the world. You need data that moves as fast as your business does so that you can retain the top talent to help you accomplish your goals.

Source : PayScale’s 2016 Compensation Best Practices Report