Using Executive Coaching to Grow

How executive coaching can help you in your business

by Andrew Cooke, Growth & Profit Solutions

learn leadExecutive coaching is a next evolutionary step in the development of leaders. Historically, leadership development was largely focused on participants’ involvement in training programs. These programs were all based upon one completely invalid assumption—if they understand, they will do.

Wrong!

In the United States the diet industry is worth about $59 billion per year, with over 50% of Americans on some type of diet – yet 95% of dieters fail. That means the market just keeps churning: people lose weight, gain it again, and go right back to the diet industry to search for another solution.  Everyone who buys diet books makes the same assumption as everyone who goes to training programs: If I understand how to go on a diet, I will do it.

Wrong again!

You don’t lose weight by reading diet books. You lose weight by actually going on a diet—and sticking with it.  You don’t improve yourself by attending training programs, you only improve by actually applying what you learn on a consistent basis.

Extensive research involving more than 86,000 participants in leadership development programs from eight major corporations found that if leaders attend training programs, but then don’t discuss what they learn with co-workers and follow up to ensure continued progress—they improve no more than by random chance. In other words, they might just as well have been watching sitcoms all day!  Those who do apply what they have learned do get better. Yet many don’t!

Why do so many leaders attend training programs and then end up making no real change? The answer is seldom because of a lack of values or a lack of intelligence. The reason why many leaders don’t apply what they learn in traditional training when they’re “back on the job” is that they are buried in work. Leaders in major corporations today work harder than leaders have worked in the past 50 years. They feel trapped in an endless sea of e-mails, voice mails, and requests. They worry about global competition. The job security that they may have felt in the past is a distant memory. They barely have time to meet the minimum requirements of their jobs—much less focus on their long-term development as leaders.

Executive coaches can help leaders bridge the huge gap between understanding what to do and actually doing it. Your coach is a person who sticks with you over time and makes sure that you do what you know you should do, but have a tendency to “put off until tomorrow”—a tomorrow that (without help) may never come.

So why do CEOs prefer to work with external executive coaches rather than coach their leaders themselves? There are four good reasons:

  1. They don’t like dealing with behavioral issues, so their motivation is very low;
  2. They lack the ability to coach well
  3. They lack time
  4. It is more efficient and effective to have an objective outsider involved, rather than take up a leader’s valuable time which is in short supply

In today’s corporate world, the stakes have gone up, the pressure has gone up, and the need to develop great leaders has gone up. The time available for executives to do this has diminished. Coaching can help high-potential leaders become great leaders! In doing so, coaching helps you to develop the skills, capabilities, and bandwidth of your people to lead, manage and develop others.

Click here to find out more about Andrew Cooke and Growth & Profit Solutions.

Understanding How Others Respond – And the Implications

Understand how people can react – whether they take control of themselves, or abdicate responsibility…

There is a simple, but useful tool that helps you to understand how people respond to situations, and to anticipate their likely behavior. It can also help you identify those who are likely to be winners and losers. This tool is called the Locus of Control.

Everyone wants to know what separates winners from losers? One of the significant factors limiting the attainment of your vision is the degree to which you believe you are in control of your destiny. Your locus of control can be internal or external. You can have a combination of both but normally one will outweigh the other.  So what are the differences between an internal Locus of Control and an external Locus of Control, and how can you identify them?

  • External Locus of Control – listening to what you say, or your team members, when talking about your business and your life. If you hear things like, “I would have been successful but the economy turned sour” or “I got caught by a pile of bad debts so I had to close the business down” you or they have an external locus of control. People with an external locus of control blame the external factors for their failure.
  • Internal Locus of Control – people with an internal locus of control feel that they can influence the issues around them. You’ll hear them say things like “I misjudged the market so I put on too many people which ended up costing me a packet of money” or “I found that my skills weren’t sufficient to handle the negotiation”.

Get into the habit of listening to the people to determine whether they have an internal or external locus of control. Of course, those who have an external locus are the ones who find it difficult to change. It’s always someone else’s fault or responsibility.

If you are setting up a team or looking at staffing make sure you have plenty of people with an internal locus of control. In simple terms, a person with an external locus of control is problem focused, while a person with an internal locus of control is solution focused. Remember, you will always find what you are looking for. Sometimes you find that by teaching someone about the locus of control and helping them to change their own mindset they can change from having an external locus of control to an internal locus of control.

There is little point in developing a focused and aggressive business strategy if you are surrounded by people who believe that the Government, their people, and even their customers are conspiring against them. You are defeated before you start. How can this be resolved?  By having people with an internal locus of control!

To view or download a PDF version of this blog click here

Share your thoughts and ideas here, or email me at andrew.cooke@business-gps.com.au

If you found this article of use or interest please don’t hesitate to share it with others.

Click here to find out more about Andrew Cooke and Growth & Profit Solutions,

How to Manage Internal & External Changes

High-Potential Leaders & Building Partnerships

by Andrew CookeGrowth & Profit Solutions 

High-performing leaders need to know how to partner, both internally and externally, to manage the on-going changes in the business environment.

A survey, asking high-potential leaders describe today’s ideal leader, produced an unequivocal result – an ideal leader is a person who builds internal and external partnerships.

Internal partnerships include direct reports, co-workers, and managers.  External partnerships include customers, suppliers, and competitors.

Inside the Organisation

1. Partnering with Direct Reports.Leaders Need to Partner

Organizations no longer provide employees with job security.  As job security has diminished so has employee loyalty.  High-performers see themselves as “free agents”, able and willing to move to those who will cater to their needs for personal growth and development.  Leaders here need to develop a “win-win” relationship with these high-performers and to be their partner rather than their boss.

This is especially true when managing knowledge workers, where managers know less of what is being done than their reports.  If you don’t partner these people then you won’t have them.

2. Partnering with co-workers.

Successful leaders will share people, capital, and ideas to break down boundaries:

  • Share people –  so that the leader can develop the expertise and breadth needed to manage;
  • Share capital – so that mature business can transfer funds to high-growth business; and
  • Share ideas – so that people can learn from both successes and mistakes.

These are difficult to do, especially when areas may have to suffer a short-term loss to allow the organization to benefit in the longer- term.  It requires leaders to collaborate and be skilled in negotiating and to create “win-win” relationships.

3. Partnering with managers.

The changing role of leadership will mean that the relationship between managers and direct reports will have to change in both directions. Leaders will need to be partners leading in a network, not managers leading in a hierarchy.  Leaders need to collaborate as a team and combine the leader’s knowledge of unit operations with the manager’s understanding of larger needs. Such a relationship requires taking responsibility, sharing information, and striving to see both the micro and macro perspective. When direct reports know more than their managers, they have to learn how to “influence up.”

Outside the Organisation

1. Partnering with customers.

Customers are now buying solutions and systems for delivery that are customized to meet their needs to meet their needs. Many customers now want “network solutions,” not just hardware and software.

Leaders from supply organizations will need to become more like partners and less like salespeople. This trend toward building long-term customer relationships, not just achieving short-term sales, means that suppliers need to develop a much deeper understanding of the customer’s total business. They will need to make many small sacrifices to achieve a large gain. In short, they will need to act like partners.

2. Partnering with suppliers.

As the shift toward integrated solutions advances, leaders will have to change their relationship with suppliers. Many leaders now realise that their success is directly related to their supplier’s success. As such they now make a commitment to their suppliers as part of their joint focus on serving the end user of the product or service.

3. Partnering with competitors.

The most radical change in the role of leader as partner has come in partnering with competitors. Most high-potential leaders see competitors as potential customers, suppliers, and partners. When today’s competitors may become tomorrow’s customers, the definition of “winning” changes.

Summary

These six trends toward more partnering are mutually reinforcing. As people feel less job security, they begin to see suppliers, customers and competitors as potential employers. Leaders need to learn about these organisations, create “win-win” relationships and build long-term relationships,

What are you doing to do build partnerships in your strategy, direction and actions?

John Donne put it very eloquently:

“No man is an island entire of itself; every man is a piece of the continent, a part of the main”.

Are you looking to work alone, or do you see yourself as part of a greater whole and a greater opportunity?

Thanks to Marshall Goldsmith whose work provided the basis for much of this article.

Click here to find out more about Andrew Cooke and Growth & Profit Solutions 

4 Questions for Debriefing and Learning

Four key questions by which to learn from your experiences!

We often get so involved in doing the work, that we rarely make the time to review how we are doing in a structured and creative manner that allows us to extend our curiosity into what has happened, and to learn why. In short, we rarely take the time to debrief and when we do so, we generally do it poorly.

Debriefings can help you accelerate projects, innovate new approaches to problems, and hit difficult objectives. More than a casual conversation about what did and didn’t work, a debriefing digs into why things happened.

“Two things are infinite; the universe and human stupidity; and I’m not sure about the universe” – ALBERT EINSTEIN

A debrief should review four key questions:

1.What were we trying to accomplish? Start by restating the objectives you were trying to achieve.

2.Where did we hit (or miss) our objectives? Review your results, and ensure the group is aligned and has a shared understanding of what has happened.

3. What caused our results? This should go deeper than obvious, first-level answers. You need to go beyond the symptoms and get to the underlying causes of your results. A good way to do this is to use the Five Whys Tool.  Here you take the first-level result, and ask “Why did we achieve this result?” This exposes a second-level item. Ask the same question again. You normally do not need to ask this question more than five times.

Example:

Results:  Sales down by 25% compared to the same time last year.

Why? #1 – Because the market is more competitive.

Why is the market more competitive?

Why? #2 – Customer demand for our products is down

Why has customer demand reduced?

Why? #3 – The market price has come down and we are charging a high price.

Why are we unable to sell our quality products for a higher price?

Why? #4 – Because the sales force lacks the skills to sell the value of our product.

Why is the Salesforce unable to sell on value?

Why? #5 – Because we don’t hire the right people with these skills, or develop these skills in our existing sale team.

Solution: to address the fall in sales we need to train, equip and incentivize our sales people to sell on value, not on price.

1. What should we start, stop, or continue doing? Given the root causes uncovered, what should we do next, now that we know what we know?

Debriefing provides you and your team with a structured learning process that allows you to continuously evolve plans while they’re being executed in the light of your experience and results.  This helps you to learn quickly in rapidly changing situations and to address mistakes or changes quickly and effectively.

Remember, no plan goes to plan – never. We need to learn to adapt, and we need to adapt to survive, and we need to survive if we are to thrive.  Debriefing is an ongoing process that needs to be built in as a core part of your work, not something that is ancillary to it.

To view or download a PDF version of this blog click here

Share your thoughts and ideas here, or email me at andrew.cooke@business-gps.com.au

If you found this article of use or interest please don’t hesitate to share it with others.

Click here to find out more about Andrew Cooke and Growth & Profit Solutions.

4 Questions to Prepare for Any Meeting

Preparing for any meeting these 4 questions will help you be more effective.

by Andrew Cooke, Growth & Profit Solutions

4 Questions for Any MeetingWe spend a lot of time meeting and talking with people.  Think how much of your time is spent on the phone, face-to-face, on webinars, video conferencing, conference calls, email etcetera.  It is a lot of time, and often it takes longer than we want and achieves less than we would like.

Yet for all the time we spend communicating with other people we spend remarkably little time preparing for these conversations and dialogues.  Here we look at a simple way to do this – by asking yourself 4 simple questions.  It is quick to do, only takes 30 seconds, and the benefits can be substantial.

The Four Questions

  1. What are the messages I want to convey?
  2. What do I want them to think?
  3. What do I want them to feel?
  4. What do I want them to do?

Let’s look at them each in turn.

  1. What are the messages I want to convey?

Know what your key messages are so that you can share them clearly and concisely.  In doing this be aware of how you need to adapt your delivery style so that your audience (whether it be one person or a thousand) can hear and comprehend your messages. 4 Questions for Meetings

2.  What do I want them to think?

You are looking to engage their minds and thoughts, you want them to give their full attention and consideration to what you are saying so that you can guide their thoughts

3.  What do I want them to feel?

Logic makes people think, but emotions make them act.  Your message may be logical, but if they do not personally engage with it then it will be weakened and ineffective.  If people feel the message, it is stronger, more memorable and more likely to achieve the result you are looking for.

4.  What do I want them to do?

As a result of sharing a clear, consistent message that engages the audience both rationally and emotionally what is the behavior that you want to occur? It is behavior that drives results and outcomes, not outcomes and results that drive behavior. So how do you want the audience to behave as a result of hearing and understanding your message(s)?  What is the call to action?

By reviewing these four questions before your next meeting or interaction you can customize your conversation to the situation and the audience, whilst be engaging them to take the necessary actions/behaviors as a result. Build this into your daily activities and see the difference it makes.

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Click here to find out more about Andrew Cooke and Growth & Profit Solutions.

So, What Do YOU Think?

How to get your people to engage with you.

In a recent interview with the New York Times, Bill Marriott, chairman of the Marriott Hotel Group, shared this useful piece of advice.  He explained that as a young officer in the US Navy he was responsible for the stewards who served in the officers’ wardroom.  New to his role, and being in a military organization he told them what to do.  They ignored him.  He ordered them.  They ignored him still.  He came to realize that, even though he was in the military he could not command people to follow him as a leader, they had to want to follow him. For them to follow him he had to engage them.

So what was the lesson from this?  It was four simple words – “What do you think?”

As a leader, by asking this, you are getting your ego out of the way.  Leaders cannot and do not have all the answers, nor do they know everything.  By asking people for their ideas, their input and their insights several things will happen: firstly, your people will see that you care about them and are interested in their opinion; secondly, you will learn something you did not know before; thirdly, you can make better and more informed decisions which your people can buy-in to as they have participated in the process  By engaging with others they can engage with you, but it starts with you reaching out first.

What do you think?

Click here to find out more about Andrew Cooke and Growth & Profit Solutions.

The 4 Foundations for High-Performance

The Four Components of Human Performance

There are four key components that need to be in place for people to perform, and for organisations to prosper.  What are they and what can we do to ensure they are in place? 

by Andrew Cooke, Growth & Profit Solutions Human Performance

Performance is about people, and people can be fickle.  Organisations are under pressure to do more with less; organisations are becoming flatter which, in turn, is extending the scope and responsibility of managers and leaders, increasing the number of reports and reducing the time that manager and leaders can spend with them.

So what do we need to do to ensure that we have the right building blocks in place so that people can perform effectively and efficiently?

Andrew’s Four Building Blocks

There are four building blocks which form the foundation for performance.

4 Components of Human Performance

1.  Desire to Work – people need to want to work.  It is not about just satisfying their monetary or security needs.  People want the opportunity to apply their skills and talents, to gain gratification from doing so, and to receive recognition for doing so.

2. Adequate Skills– if people have the desire but lack the necessary skills they will be unable to perform, they will be frustrated, and the organisation will be negatively impacted.  Certain skills are essential for success.  Employees may already have these skills; they may need to be trained in them, or to develop these skills experientially on the job.  At the same time, especially with “knowledge workers”, the necessary skills and expertise may erode or even become obsolete (how many rotary telephone repair people do you know?  Or typewrite repair experts?)

3. Right Attitude – if you hire nothing else, hire enthusiasm.  Hire energy, hire excitement, and hire passion.  These are not teachable.  You can teach people your content and the skills required. The adage, “hire for attitude, train for aptitude”, has never been truer.

4.  Right Behaviours– if people lack the right behaviours, even though they have the desire to work and the necessary skills, you will find poor performance. How many times have you gone out for a meal, which was excellent, but marred by slovenly, slow or disinterested service?  How are you clients experiencing your people? Behaviours have to match the job results expected.

Look at your organisation and ask yourself how are you doing in each of these areas?  Are you recruiting people with these four components from which you can build a foundation from which to build high-performance? Are there are weaknesses or gaps in your business, divisions or departments? Are these gaps areas which you can influence or are they areas which are in the domain of the employee?

All four components are required for human performance and measurement, but only some of them can be built by the employer, although all of them can be nurtured by the employer.

Click here to find out more about Andrew Cooke and Growth & Profit Solutions.