Just Seven Things

Exploring why and how we do what we do, and how we can do it better

Archive for the tag “Leadership”

Managing Yourself when Underperforming to Goals

I attended an excellent MDHub100 work group yesterday. The work groups I think of as being most like AA for CEOs and MDs. A place where you can relax in the company of trusted peers and share your deepest, darkest issues.

It was a digitally focused group with the most excellent Rosie Freshwater from Leapfrogg, Jason Woodford from AI Digital and Liquid Light’s Robert Day. Most ably facilitated by Fi Shafer from Omega Blue.

The conversations covered the challenges leaders have personally in managing themselves: their self-expectations and standards in situations where financial under-performance has taken place against extremely ambitious goals.

Now obviously there’s the whole thing about setting overly ambitious goals, and avoiding disappointment or demotivation by not doing. However, to most of the members of the MDHub such talk is sacrilege. So it then comes down to how to manage.

I explained in the meeting how I did it. That I ensure that I have a very clear mission and vision. That I quickly look back and draw attention for myself (and others as needs be) to how far we’ve come. I then ruthlessly evaluate whether in the here and now I am doing all that I can do in terms of putting in place the expandable foundations for success that will be needed to deliver the vision and mission.

This means in real terms that I accept my performance in relation to any goals set as being relative to what is required to achieve the end. If I have done, and am doing, as much as I can then I cannot be frustrated by any under-performance. If what I have done, and am doing, is the best foundation that I can have for the successful achievement of future vision then I cannot be frustrated by any under-performance.

It all ends up being down to:

  1. Externalities (markets/ competition/ limiting factors (mainly people and financial resources))
  2. Lack of self-development (how can I perform better/ do more at a higher quality with more thought etc.)

The thing that I didn’t get into though is the power of that goal setting in the first instance. The power that, if you’re doing all that you can to the best of your ability, will ensure you’re ultimately successful. That takes a bit of a leap of faith……

NLP and Company Growth Enhancement

Read another great review in the FT of a book that’s now on the list. Stall Points. Most Companies Stop Growing – Yours Doesn’t Have To by Matthew Olsen and Derek van Bever.

Apparently it’s about learning from the mistakes some of the biggest companies made: Daimler-Benz, IBM, Toshiba, Levi Strauss that lead to their revenues to stall.

As well as four main reasons driving more than half the growth failures:

‘“premium position captivity” – the failure to change tactics in response to the advent of a low-cost competitor or changing customer preference; “innovation management breakdown” – failure to achieve desired or required returns on investments in new products or services; “premature core abandonment” – failure to exploit growth opportunities in the “core franchise” or to adjust the business model to meet new competitive requirements; and “talent bench shortfall” – lack of adequate leaders and staff with the skills and capabilities for successful strategy execution.’ – FT,

the authors apparently identify ‘stale thinking, based on “mental models” that no longer apply. Abandoning long-held beliefs, resisting the seductive perils of denial, proves difficult for many business leaders’

I was running one of our Ideas and Learning Project courses at Madgex today… Read more…

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