Too many CEOs struggle with making decisions for the organizations they lead. How can decision-making quality improve? What makes someone a better decision maker? How do unmade decisions impact our emotional health? There is a way to improve decision-making and become happier as a CEO.
In today’s super-heated job market, companies are stockpiling talent ahead of needs. Sound crazy? Demand is growing while talent in certain sectors is difficult to find. Some companies are getting ahead of the curve by making offers to secure people now in the hopes of having them for the future. The idea may seem ridiculous, however when we consider the cost of not having key positions filled or paying search agencies large sums, it starts to make complete sense.
PIPs are the equivalent of dysfunctional annual performance reviews. They are another antiquated tool for mishandling humans on our teams. Before you get too defensive, please stay with me. This is not hyperbole to get your attention. I will provide you with a logical case for rethinking this tool’s efficacy. Whether you agree with me or not, you will enjoy the discussion. Let this information soak a while. We just might identify a blind spot.
A CEO realizes a difficult challenge needs external knowledge and experience. The first idea is to hire a consultant that specializes in the area of concern. It is much cheaper than recruiting a specialist to the team full time. The consultant can be used to solve the problem, give direction, and then disappear. Problem solved; or is it? Who is going to help with implementation hurdles as they occur? What if the implementation uncovers issues not surfaced in the beginning? What happens if the problem changes and the plans need to be adjusted? Yikes, we need to call them back.
Being toxic is like body odor. We are oblivious to the discomfort we create for others. A colleague described a healthcare Vice President that is a bully as well as a Dr. Jekyll and Mr. Hyde personality. The first question is obvious. Who promotes these people? The offending executive must be like a blind umpire calling balls and strikes behind the plate. My popular YouTube video, Is Your Boss an Idiot? Five clues to know for sure helps clarify idiocy in a boss. However, it does not share insight into what makes someone toxic in the workplace. Being an idiot and being toxic may overlap, yet they are not the same. Human toxicity is more common than you might think. I poll audiences regularly, and it seems most people know at least one toxic person at work. More specifically, if you do not know anyone toxic at work, you might be the one!
Every story needs a hero. Every hero needs a villain. A hero needs a guide or teacher to defeat the antagonist and win the girl, find the treasure, survive the storm, or become the winner in the game of life. Why is this plot repeated over and over in movies and books since the beginning of the human condition? The simple answer is we can all relate to overcoming something, battling something (or someone) in order to achieve a desired outcome. We all get it and it keeps our attention. In his book, “Building a Storybrand”, Donald Miller relates this simplicity to overcoming the noise of life.
Culture eats strategy for breakfast! These words from the late Peter Drucker are a powerful indictment for most aspiring leaders. Accountability has traditionally been viewed as a single concept that is desired yet elusive for most companies. In truth, there are two types of accountability and each must be developed independently for an organization to be successful. Building an accountable culture requires efficacy from both perspectives. In fact, accountability has been misdefined in today’s business vernacular. We often use accountability and responsibility as interchangeable terms. Who are you going to hold accountable? Who are you going to hold responsible? When misused in this way, both terms are really about blame.
Passengers in first class are convinced the ship will survive the collision with the iceberg. After all, the Titanic is unsinkable. Floors below the cabins are filling with water and the bulkheads are becoming flooded. People are drowning while the wine and music flows above. The executives at Sears and Toys R Us are planning next year’s strategy, convinced that the slowing sales are just another market dip as they have experienced many times in the past. Stores are becoming vacant and people are being let go with nothing to do.
Being busy does not mean you are effective. The higher you are in an organization, the more demand exists for your time. If not disciplined, schedules expand like that “great-stuff” expanding foam to fill each day. A full calendar is not a sign of efficacy but rather a lack of decision making and effective delegation. Temporary activities and conditions may create periods that require more time. However a chronic full calendar is a serious problem for most aspiring leaders. Sadly, too many people equate activity with success.
CEOs are vaccinated to prevent mental health issues. The success that comes from leading an organization makes them superhuman when it comes to their own mental challenges. Being the leader of an organization protects them and makes them invulnerable to conditions that impact one in five of the rest of humanity. It is easy for CEOs to admit they need help and not be judged by the public, their employees, or their board. Balderdash! Of course these are all false statements.
In 2010, I predicted what the workplace would be like in the year 2020. Chapter 18 of "Surviving the Talent Exodus" is a two part examination. The first part describes the workplace as it would become. The second part is a story about a fictitious character named Trent, a 27 year old robotic technician considering a job change. We called millennials Generation Y in the old days. How much do you think has or is coming true? You be the judge!
“I will not pay for employees to train while I am paying them to work” said the CEO of a company. We are rapidly approaching 2019 and this thinking is a reality in the business world. It reminds me of the CFO that told the CEO, “If we train our people they will leave for a better job”. The CEO replied, “What if we don’t train them and they stay?” This polarized thinking forms the foundation for the challenge facing organizations in this hyperactive job market.