Saturday, October 6, 2018

no longer cutting it

One of the biggest mistakes a manager can make is leaving people in positions for which they’re no longer suited. [Jeff Weiner, CEO of Linkedin] uses a sports metaphor to explain his perspective... 

“The most important lesson I’ve learned in the role of CEO is to not leave the pitcher in the game for too long,” Weiner says. “You know, when you’re watching a baseball game, sometimes you’ll see a star pitcher on the mound, they’re having a great game and as the game continues to go on, you can see their arm starting to tire and you can see the opposing team start to hit the ball a little bit harder.”

Whenever this happens in baseball, the manager approaches the mound to check on the pitcher, who inevitably says some variation of: “I’m fine. I got this.” Weiner says the same thing happens in business.

“In 20 years of managing people, not once has anyone ever come to me and said they couldn’t do their job. Not a single time,” he says. “It’s not their job. That’s the role of a manager.”...

With Weiner’s corporate philosophy relying so much on managing compassionately, it may seem unusual to suggest letting go of an employee who is no longer cutting it. But, as he explains, it’s not.

“People just assume ‘compassion’ means not making hard decisions, not making hard choices, not transitioning people out of roles,” Weiner says. “It’s the exact opposite: The least compassionate thing you can do when someone is not equipped to be doing what they’re doing is to leave them in that role.”

When those employees are left in their roles, Weiner continues, it takes a toll on them.

“They lose confidence. They’re losing self-esteem by the day. They’re taking that back to their teams, people are seeing that you’re leaving them in the role ― which is undermining your ability to lead ― and the worst of all is that individual that no longer believes in themselves, that’s losing their sense of self, they take that energy home,” Weiner points out. “They’re taking that energy home to their families.”

There’s only one way to stop this vicious cycle, he says.

“The most compassionate thing you can do in that situation is take that person aside and say, ‘This isn’t working out right now. Here’s where the bar is set. I’m going to do everything I can to get you to the bar or above the bar. And we’re going to set a timetable,’” Weiner says.

In some cases, the employee may need to be transitioned out of the role, but that’s not a foregone conclusion.

“There’s probably a reason you put them in that role, so there may be the potential for them to be able to take coaching and learn how to do the job more effectively,” Weiner says. “It’s a question of how much time you’re going to give them and how much work you’re willing to put in.”


Friday, October 5, 2018

know your core values

Kerr is famous for being a student of leadership and always working on his craft as a coach. One offseason he went to see Pete Carroll the Seattle Seahawks head coach and Carroll taught him an important lesson: "Your leadership approach has to reflect your identity."

After that meeting, Kerr identified 'joy' as a core value he had to lead with all the time. Knowing your core values is a critical part in finding your authentic leadership voice.


Thursday, October 4, 2018

the transformational CEO

Four key functions collectively define a successful role for the CEO in a transformation:

  1. Making the transformation meaningful. People will go to extraordinary lengths for causes they believe in, and a powerful transformation story will create and reinforce their commitment. The ultimate impact of the story depends on the CEO’s willingness to make the transformation personal, to engage others openly, and to spotlight successes as they emerge.
  2. Role-modeling desired mind-sets and behavior. Successful CEOs typically embark on their own personal transformation journey. Their actions encourage employees to support and practice the new types of behavior.
  3. Building a strong and committed top team. To harness the transformative power of the top team, CEOs must make tough decisions about who has the ability and motivation to make the journey.
  4. Relentlessly pursuing impact. There is no substitute for CEOs rolling up their sleeves and getting personally involved when significant financial and symbolic value is at stake.

Everyone has a role to play in a performance transformation. The role of CEOs is unique in that they stand at the top of the pyramid and all the other members of the organization take cues from them. CEOs who give only lip service to a transformation will find everyone else doing the same. Those who fail to model the desired mind-sets and behavior or who opt out of vital initiatives risk seeing the transformation lose focus. Only the boss of all bosses can ensure that the right people spend the right amount of time driving the necessary changes.


"The CEO’s role in leading transformation". mckinsey.com. Feb. 2007

Wednesday, October 3, 2018

therefore trust

One of a leader’s most important jobs is to drive employee trust. Without it, you cannot drive change and accountability. When I was CEO at Investopedia, we drove trust by always sharing the “bad and ugly” not just the “good”. If we were missing our goals, we let everyone know the challenge, the reason behind it and what we were doing to fix it.

I required every member of my executive team to send a weekly all-employee email we called the “3x3” with three positive updates and three challenges. We forced the sharing of the bad so that everyone would know the challenges each department was facing. We forced it to ensure no one would be surprised. We forced it because it enabled 150 individuals to provide solutions so we could fix things faster.

But most importantly, we shared the bad because it is precisely through the transparent sharing of the bad that trust is built. Psychologists will tell you that trust is most engendered when individuals can be vulnerable around each other. “Sharing the bad” demonstrates a leader’s potential failings and vulnerability, and therefore trust.