First Friday Book Synopsis

"…like CliffNotes on steroids…"

Kelly Goldsmith and Marshall Goldsmith ask managers: “Do You Know When to Keep Your Mouth Shut?”

 

 

Here is an article written by Kelly Goldsmith and Martin Goldsmith for BNET, The CBS Interactive Business Network. To obtain a free subscription to one or more of the BNET newsletters, please click here.

Kelly Goldsmith

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A classic interpersonal challenge that we often see in otherwise-intelligent managers is the desire to “add value” to their team member’s great ideas. These leaders like to display their brilliance by continually adding their input — even at the expense of other people’s ownership and commitment.

This happens quite often. For instance, imagine you’re an entry-level employee, and Joe is your manager. You come to Joe with an idea that he reluctantly agrees is great. You’ve been working on this idea for months, and you’re really excited about what you’ve accomplished. Joe likes the idea, but rather than just saying, “Great idea. Congratulations!” he has the need to add, “If you just make these changes, it can be even better.”

Unfortunately, you may react with disappointment rather than gratitude. The idea is now becoming Joe’s idea — not yours. This is even more true when Joe’s “added value” really has nothing to do with the idea and is just a reflection of his own ego and need to be the boss.

Dave Ulrich, one of the world’s top thinkers on leadership, has taught us that people’s effectiveness in execution is a function of the quality of their idea multiplied by their commitment to make it work. Even if a leader’s comments increase the quality of the idea a little, these comments may not be worth saying if they damage the team member’s commitment a lot.

If you’re honest with yourself, you can tell that when you start pontificating and trying to add value, you’re often not really focused on the quality of the idea at all. You’re trying to prove to the world how smart you are.
Here are a few suggestions to help you and your co-workers avoid adding too much value.

 

Before speaking to you direct reports:

Marshall Goldsmith

 

1. Look into the other person’s eyes. Ask yourself: “Will my ‘added value’ make this person more — or less — committed to doing a great job?”

2. If the answer is “less committed,” then ask yourself: “Does the value added by my contribution exceed the loss in commitment from this person?”

3. If the answer is “no,” don’t comment.

Before speaking in team meetings:

1. Ask yourself: “Is this comment going to make our team more effective — or is it just intended to prove that I’m more clever than my peers?”

2. If the primary driver of the comment is your own ego, don’t say it!

Before “adding value” with family members (especially teenagers):

1. Ask yourself: “Do these people really care about the sermon that I’m about to deliver, or am I just annoying them?”

2. Challenge yourself by weighing, “What’s more important, my comment or this relationship?”

Adding too much value is a classic challenge for managers at all levels. As a leader, you need to make the transition from technical expert to developer of people. As one of the greatest leaders that we’ve ever met noted, “For the great individual achiever, it’s all about me. For the great leader, it’s all about them.”

We’d love to hear about your experiences. Have any of your managers ever added too much value? How did it affect you?

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I urge you to check out the abundance of free resources here I urge you to check out the abundance of free resources here. You may also contact either Goldsmith at this website.

Kelly Goldsmith is a recent Ph.D. graduate from the Yale School of Management and a member of the faculty at Northwestern University’s Kellogg School of Management. Her specialty is research in consumer decision making.
 Marshall Goldsmith is an executive educator, coach and author. His books include What Got You Here Won’t Get You There and Mojo. His specialty is helping successful leaders achieve positive, lasting change in behavior.

Monday, October 11, 2010 Posted by | Bob's blog entries | , , , , , , , , , , , , , , | 1 Comment

Women Approach Business Differently than Men – Insight from Christine Lagarde

Women in business do make a difference.  In Womenomics: Write Your Own Rules for Success, Claire Shipman and Katty Kay refer to a number of studies aboutways women impact the business environment.  Here are a few quotes:

A study in France found that companies with more women in management positions did better during 2008 – had higher profits – that those with fewer women.  “Feminization of management seems to protect against financial crisis…  In conditions of high uncertainty, financial markets value companies that take fewer risks and are more stable.”  (Michel Ferrary, Professor of management at the CERAM Business School in France).

Women deliver profits, often in big numbers, and we are worth hanging on to…  By every measure of profitability – equity, revenue, and assets – Pepperdine’s study found that companies with the best records for promoting women outperform the competition.

Companies with women in top leadership positions have “stronger relationships with customers and shareholders and a more diverse and profitable business.”  (University of California at Davis study).

French Finance Minister Christine Lagarde

On Sunday, 10/10/10, Christiane Amanpour interviewed French Finance Minister Christine Lagarde.  (Article and video here).  Here’s a key excerpt:

“You were a former CEO. Do you think women have a different way of approaching business or approaching the public sphere?” Amanpour asked.

“Yes,” said Lagarde, who is the only female finance minister in the Group of Seven industrialized countries. “I think we inject less libido, less testosterone …”

“Less libido?” Amanpour asked.

“Yes. And less testosterone into the equation,” Lagarde replied. “It helps in the sense that we don’t necessarily project our own egos into cutting a deal, making our point across, convincing people, reducing them to, you know, a partner that has lost in the process. And it’s probably over generalized what I’m saying. And I’m sure that there are women that operate exactly like men,” she said.

“But, in the main, and having had nearly 30 years of professional life … and getting closer to 60 than 50, I honestly believe that there is a majority of women in such positions that approach power, decision-making processes and other people in the business relationship in a slightly different manner,” she said.

The world really is different when there is genuine diversity in the decision-making rooms.  And when women are in on those decisions, the impact is unmistakable.

 

Monday, October 11, 2010 Posted by | Randy's blog entries | , , , , , | 2 Comments

Andrew Sullivan, Blogging Pioneer, Reaches 10 years of Blogging

As of tomorrow, Andrew Sullivan will have been blogging for 10 years.  His current home, The Daily Dish, is hosted by The Atlantic.  His output is way beyond human.  I  can barely keep up with Bob Morris on our own blog, and Andrew Sullivan makes Bob look like a weekend hobbyist.

Sullivan is a conservative, accused of going too far left, and always thoughtful.  (except for his crazy tangents, like those regarding beards…)

This blog is focused on business subjects – primarily thoughts that connect to and /or flow from business books and business authors.  But I read widely, and if you have never read Andrew Sullivan, you would find his column coming up to his 10th anniversary worth the read.  Just think – 10 years of blogging!  With substantial thoughts to share time and time and time again.  You simply have to admire that.

Many are praising him for the influence he had on them.  Check out a few here.  But, mainly, here’s his reflective column The View From My Window 2000 – 2010.

So, congratulations, Andrew.

 

Monday, October 11, 2010 Posted by | Randy's blog entries | , , | 1 Comment

“One Job of the Coach is to Correct,” says Randy – “I Don’t Agree,” says Cheryl… Time for Some Dialogue

Coach:

a : a large usually closed four-wheeled horse-drawn carriage having doors in the sides and an elevated seat in front for the driver
a : a private tutor
b : one who instructs or trains <an acting coach>; especially : one who instructs players in the fundamentals of a competitive sport and directs team strategy <a football coach>

From Randy:
So, the other day at Take Your Brain to Lunch, I am in mid-presentation, and I say something like this:  “the purpose of a coach is to tell me what I am doing wrong.”  I referred to athletic coaches, people hired by the likes of Martina Navritilova and other “individual” stars.  I am convinced that such an athlete cannot watch himself/herself, and thus needs a coach to watch, find the flaws, and correct.  I used to play tennis (back in the days when rackets were made of wood, tennis balls were white, and the tiebreaker had not yet been adopted), and I know that’s what my coaches did for me.  They saw my flaws, pointed them out, and drilled correction into me.

And I got better. (I would have gotten much, much better if I had practiced they way my coach told me to.  But that’s another story).

Anyway, Cheryl Jensen, my blogging team member and the leader of Take Your Brain to Lunch, who is a personal coach, tells me I’m wrong.  She says that a coach should not look for areas to correct, but instead should… well, let her tell you.

By the way, I disagree with Cheryl.  Thus, this dialogue…

Cheryl, your turn.

From Cheryl:
As much as I try to avoid ever correcting people in public for fear of embarrassing them or damaging a relationship, I did indeed disagree publicly with Randy last week. When we traded time at the microphone, I offered a very different perspective. Randy is correct in that I am a professionally trained coach by The Coaches Training Institute (CTI) and the International Coach Federation (ICF), the governing body of professional coaching. Our official definition of coaching is “Coaching is a partnership with clients in a thought-provoking and creative process that inspires them to maximize their personal and professional potential.”

Another cornerstone idea from our CTI training is “People are naturally creative, resourceful, and whole.” This means coaching is not about fixing what’s broken. It is about helping the client look and find what’s already within and then directing that talent, energy, and focus towards their goals. There are 3 main reasons I coach: to facilitate learning, create movement towards client goals so they can improve their performance and enjoyment from life which of course includes work. So the whole idea of looking for what’s broken and then offering advice is totally counter culture from professional coaching to me. Rather than offer answers, we offer questions for the client to explore their areas of interest. Rather than offer advice, we ask questions to create options the client wants to implement. Rather than assign responsibility, we offer opportunities that will facilitate additional learning and new insights.

Read more »

Monday, October 11, 2010 Posted by | Cheryl's blog entries, Randy's blog entries | , , , , , , , | 2 Comments

Have You Done A Culture Check Recently?

Have you done a culture check recently?

Corporate culture.
Definition: A blend of the values, beliefs, taboos, symbols, rituals and myths all companies develop over time

Recently, Howard Schultz, chairman, president and C.E.O. of Starbucks, was interviewed by Adam Bryant of the New York Times.  (Bob excerpted this interview for our blog here).  Here’s a key excerpt from that interview:

Bryant: What is your advice to an entrepreneur who asks you: “I’m just starting a company. How do I create a culture?”

Schultz: I would say that everything matters — everything. You are imprinting decisions, values and memories onto an organization. In a sense, you’re building a house, and you can’t add stories onto a house until you have built the kind of foundation that will support them. I think many start-ups make mistakes because they are focusing on things that are farther ahead, and they haven’t done the work that has built the foundation to support it.


Dov Seidman, in his book, how:  Why HOW we Do Anything Means Everything…In Business (and in Life), has more to say about culture:

Culture is the way things really work, the way decisions are really made, e-mails really composed, promotions really earned and meted out, and people really treated every day. Culture is a company’s DNA, the sum total of its history, values, aspirations, beliefs, and endeavors, the operating system, if you will, that defines and influences what occurs at the synapses between everyone working together in a group, large or small.

Unlike an operating system, however, just inserting a piece of code-such as a compliance program or an innovation team–cannot change a culture; cultures are alive; they evolve and change over time.

Just what is the culture you have, and what is the culture you want?  The culture creates so much within an organization, and a good, well-liked, respected, consistent culture is a morale builder and success generator.

Have you done a culture check recently?

Monday, October 11, 2010 Posted by | Randy's blog entries | , , , | Leave a Comment

   

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