Will Technology’s Next Big Innovation Be Your Company’s Downfall?

This blog is provided by Terry Jones, founder of Travelocity.com and founding chairman of Kayak.com. It is a companion to his podcast. Can Your Business Survive the Rapid Advance of Technology?

It’s a scenario that gets played repeatedly in the corporate world.

One moment a company is riding high, the next it’s struggling to exist, its business model disrupted by new technology and a failure to keep up with an ever-changing competitive landscape.

Take as just one example Nokia, which at one time ruled the roost in the mobile-phone market, able to boast in the late 1990s that it was the world’s largest cellphone maker.

But when Apple introduced its iPhone in 2007, Nokia proved too slow to adapt as the market, the technology and the competition began to evolve all around it. Over the next several years, Nokia became an also-ran in an industry it previously dominated.

History is replete with similar stories, and you can expect more in the future as technology continues to advance at a head-spinning rate, says Terry Jones, founder of Travelocity.com, co-founder of Kayak.com, and author of the new book Disruption OFF: The Technological Disruption Coming for Your Company and What to Do About It (www.tbjones.com).

“Our constantly changing world is disrupting what many businesses do, whether it’s photography, the book industry, the music industry or many others,” Jones says. “In the business world, change is inevitable, but success is optional.”

“Technological change can come quickly. For example, 90% of hearing aids are now produced by 3D printing and that change happened in just four years. Companies that didn’t make the change are no longer with us.”

That doesn’t mean any particular company is necessarily doomed, though.

“There are a surprising number of 100-year-old companies out there,” he says. “Most of the ones I’ve talked to have mastered the ability to shed their old skin and renew themselves when required.”

Jones says a few ways businesses can avoid becoming a disruption casualty include:

  • Be willing to take risks. “Your company was probably founded on risk, but you don’t take risks anymore,” Jones says. “But you have to take risks to move forward.” He says he speaks with many corporations that are envious of the speed with which Silicon Valley startups make decisions. “These nimble companies are constantly trying, failing, changing and moving on,” Jones says. “Disruption is in their DNA. Most larger corporations are not like that. They generally are deliberative, risk averse and ponderously slow. They focus on delivery more than discovery. That approach might have worked in a time of limited disruption, but not today.”
  • Create a culture open to new ideas. “Many businesses are stuck in corporate pinball,” Jones says. By that he means this: Each time someone dreams up a new idea, that idea gets bounced from department to department, as if its hitting the bumpers of a giant pinball machine. Each department finds a reason to say “no” to the idea, which eventually ends up in the gutter. “You have to stop closing the door and saying, ‘No,’ ” Jones says. “Your job is to get the idea to the finish line. To get it over, to say, ‘Yes.’ ”
  • Become a disrupter yourself. In this world of disruption, it’s unlikely your largest competitor will be your undoing, Jones says. The problem is those 5,000 to 6,000 new startups per year that are attacking the traditional world. “You need to put their ideas to work and become a disruptor yourself,” he says. “Disruption and innovation really are two sides of the same coin. You just call it a disruption because you didn’t do it.”

“A company may currently be strong and it may be run by intelligent executives, but the question is whether it’s adaptable enough to change,” Jones says. “Even more important, is the company proactively preparing for change? If so, it’s more likely to survive and maybe even thrive.”

About the Author

Terry Jones (www.tbjones.com), founder of Travelocity.com and founding chairman of Kayak.com, is author of the new book Disruption OFF: The Technological Disruption Coming for Your Company and What to Do About It. For the last 15 years he’s been speaking and consulting with companies on innovation and disruption. Jones began his career as a travel agent, jumped to two startups and then spent 20 years at American Airlines, serving in a variety of management positions including Chief Information Officer. While at American he led the team that created Travelocity.com, served as CEO for six years, and took the company public. After Travelocity he served as Chairman of Kayak for seven years until it was sold to Priceline for $1.8 billion.

How to Help Midlevel Leaders Grow and Develop

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The following blog is provided by Liz Kislik. It is a companion to her interview on Innovating Leadership, Co-creating Our Future titled Defining Organizational Problems: Beyond Personal Experience that aired on May 26th, 2020.

Midlevel leaders are absolutely crucial to managing the guts of an organization and accomplishing its business. Unfortunately, even competent, up-and-coming leaders can languish if they don’t get appropriate developmental attention from their senior leaders, but those senior leaders sometimes expect junior leaders to develop on their own.

In an interview I did with Amir Ghannad for The Transformative Leader podcast, we talked about how senior leaders can provide the right input to middle managers to ensure they’re achieving their own successes and supporting the organization’s continued growth.

Be Intentionally, Persistently Curious

Leaders often think of middle managers in terms of their roles and responsibilities and form monolithic assumptions about how middle managers are expected to think and what their considerations are. But every individual takes action based on what seems best to them at the time. If their choices seem wrong, probe to find out their reasons.

When leaders think, “Oh, that’s trivial. That’s dumb. I’ll just tell them to knock it off,” they’re actually undercutting their subordinates’ autonomy and ability to adjust and perform better. If you ask what prompted middle managers’ actions or comments instead of making assumptions, you can approach them in a more open, less judgmental way and you’ll seem less like a know-it-all. You’re also more likely to take their opinions and concerns more seriously.

During our conversation, Amir told me about two skillful, productive people who had been in conflict for 12 years based on a single mistaken impression. Once the mistake came to light, the relationship improved dramatically, but it took months of probing to uncover the original misapprehension. Amir’s story demonstrates that no directive to behave differently can effectively cut through someone’s deeply held pain (even if that pain is unnecessary) — and how finally getting to the bottom of a long-held conflict is a true relief.

Partner on Problems and Perspectives

Say you do figure out where your midlevel leader is coming from. You can’t do an improvement to them. You may be able to see what needs to change, but that doesn’t mean they’re ready to hear it. So, after finding out what they’re thinking, go to wherever the other person is mentally, and take their perspective rather than dictating to them from on high.

Unless it’s a true emergency, try to ignore your own reaction and the intensity of your beliefs about what would work better. Suppress your impulse to impose solutions, because when you slice through difficulties like the proverbial hot knife through butter, subordinates may not feel ownership for the situation. They may follow your directions but neglect to think broadly about costs and benefits, sequencing, or other operational details — even if they know more about operations than you do — and mistakes are more likely to be made.

Don’t Give Leaders Solutions; Teach Them How to Develop Solutions

The old saw, “Don’t bring me problems, bring me solutions!” is a common complaint among leaders who believe that their people don’t think and want to be spoon fed. Risk-averse middle managers may be comfortable having you act decisively and save them time and effort by telling them what to do. But in the long run, you build better solutions when more people contribute to them. And why create unnecessary dependency that slows down implementation and turns you into a bottleneck?

You may need to teach the people involved new ways of thinking and interacting if they’ve developed the habit of expecting you to call the shots. This kind of development requires coaching rather than directing. So, ask middle managers what factors lie under the scenarios they present, and to be explicit about pros and cons — not just as a general list, but as detailed, second-order potential consequences. Encourage them to hypothesize about why negative patterns recur and speculate about multiple potential alternatives.

As midlevel leaders begin to see you being consistently curious, open to their views, willing to partner, and supportive of their decision-making, not only will they be better partners for you but they also may start exhibiting those behaviors with their subordinates as well. That’ll help develop your next cadre of up-and-coming managers, and strengthen your organization from the bottom up.

Onward and upward —

 

To become a more innovative leader, you can begin by taking our free leadership assessments and then enrolling in our online leadership development program.

Check out the companion interview and past episodes of Innovating Leadership, Co-creating Our Future, via iTunes, TuneIn, Stitcher, Spotify, Amazon Music, Audible,  iHeartRADIO, and NPR One.  Stay up-to-date on new shows airing by following the Innovative Leadership Institute LinkedIn.

About the Author

Liz Kislik is a management consultant and executive coach, and a frequent contributor to Harvard Business Review and Forbes. Her specialty is developing high performing leaders and workforces, and she helps family-run businesses, national nonprofits, and Fortune 500 companies like American Express, Girl Scouts, Staples, Janssen Pharmaceuticals and Highlights for Children solve their thorniest problems. Her TEDx talk, “Why There’s So Much Conflict at Work and What You Can Do to Fix It,” has been viewed over 160,000 times. Liz received her BA from Yale University and earned an MBA in Management from NYU.

Photo by Christina Morillo

Why Should Leaders Look After an Employee’s Financial Health?

This blog is provided by Ashley Johnson, a business blogger, as a companion to the interview with Jack Modzelewski and his podcast titled Leadership, Communication, and Credibility in a High-Stakes World.

Your responsibilities to your staff go beyond simply signing their paychecks, granting their leave requests, and assigning work. It is also your duty to look after their financial health, especially in light of recent developments pushing America into an economic crisis. In these times, 15% or more of any given workforce is struggling financially. Part of this is due to flat-lining income levels that, when adjusted for inflation, are a mere $50,000 annually per household. In other words, there is a good chance that many of your employees are living paycheck-to-paycheck, and are possibly deep in debt. The question for today’s business leaders is what should they do about this?

Financial hardship equals poor performance

The above scenarios can lead to financial stress, which can be very debilitating for employees. In a Marcus feature on the link between physical and financial health, money coach Elisabeth Donati explains how money-related stress is almost as bad as health stress as it is directly tied to a person’s drive to survive. Failure to attain this drive, in turn, worsens stress, and can result in some serious health problems like depression, anxiety, sleep disturbance, and psychosomatic symptoms such as headache, fatigue, and even pain. In other words, financial stress can take not only a mental and emotional toll on your staff, but also a physical one that can affect how they work.

Indeed, a Reuters article on financial health by journalist Beth Pinsker describes money stress as being “as bad for workplace productivity as back pain.” In a 2018 survey of 1,600 working adults, some 15% admitted to missing work due to health problems caused and exacerbated by financial stress. Around 40%, on the other hand, admitted to being distracted due to thinking about their finances, leading to a reduction in workplace productivity. The situation today is likely the same as that of 2 years ago, if not worse, given the unsettling events of 2020 and their adverse impact on the American economy.

The physical, mental, and emotional toll of financial hardship underscores why you, as a leader, need to look after your employees’ financial health. Put simply, doing so is good for business, as financially healthy staff will be more productive, especially since they won’t be distracted by thinking about their financial issues. Crucially, making sure your employees have sound finances will help them avoid the health-related pitfalls of financial stress, and will cut down on missed work days due to health concerns involving money anxiety.

Ensuring employees’ financial health

So, the question is: How can business leaders ensure the financial wellbeing of their employees? Amway chief HR Shantanu Das recommends three financial wellness strategies you can implement, beginning with giving competitive compensation, which should ideally be above market standards. Staff must be compensated based on merit, so as to encourage a high standard of work and to keep them motivated. You can also offer a variety of financial assistance programs, like emergency loans, educational sponsorships, and even car payment subsidies. Make sure that you also give everyone all the benefits — 401(K), medical insurance, etc. — they are entitled to, and more if possible.

Finally, it would be a good idea to connect your team with financial planners, who can give them expert advice on how to attain financial independence. These can range from one-on-one meetings to group seminars on everything from retirement savings to cultivating healthy money habits. While a business cannot be directly responsible for how an employee spends their money, having these services in place shows them that you are prepared to go beyond the usual parameters of most companies. Such advice, along with your financial programs and support, will help ensure your staff’s financial wellbeing, and keep them productive and happy at work in the process.

Leaders Lead

Your job as a leader isn’t just about running the business and counting the numbers. It is all about stepping up and being someone who your employees can count on for a wide range of issues. Marie Miguel notes in ‘Why Mental Health Awareness is Important for Leadership’ that good leaders lead, and that means taking care of your people so you can motivate them to be productive and efficient. In this context, taking care of your employees means keeping them happy, which you can do by looking after their financial health as well as their physical and mental health. This is what it means to create a healthy work culture that will inspire those who work for you and encourage future top talent to seek out your company. We hope the above points will help you have a better understanding of how and why you should look after your employees’ financial health.

 

To become a more innovative leader, you can begin by taking our free leadership assessments and then enrolling in our online leadership development program.

Check out the companion interview and past episodes of Innovating Leadership, Co-creating Our Future, via iTunes, TuneIn, Stitcher, Spotify, Amazon Music, Audible,  iHeartRADIO, and NPR One.  Stay up-to-date on new shows airing by following the Innovative Leadership Institute LinkedIn.

ABOUT THE AUTHOR:
Ashley Johnson is a business blogger who specializes in following the latest leadership trends. She hopes her articles will inspire new and veteran business leaders alike, and help them establish a better company culture. In her free time she loves to hike with her family.

The Benefits of Using a Great Coach in a VUCA Environment

This blog is provided by David Goldsmith of 7 Paths Forward, LLC. as a companion to his podcast as a part of the WBECS (The World Business & Executive Coach Summary) Series,  The Benefits of Great Coaching in a VUCA Environment.

VUCA stands for Volatile, Uncertain, Complex and Ambiguous. It’s a term that comes from the military to describe conditions during war. The current pandemic has highlighted and accelerated the disruption that leaders were already experiencing in their organizations. Now when we talk about VUCA more people have a first hand experience of what we are talking about.

The world is volatile right now. Everyday things change. We don’t know when and if things will return to how they used to be. This creates a lot of the uncertainty that we are all experiencing. Just as we think we know how things might be, we learn new things and our view changes rapidly. Sometimes we experience this change hourly! It’s a lot to keep up with.

It’s hard to imagine a time when things were more uncertain. When will children go back to school? How long will we work from home? Will there be further waves of the virus? How will we deal with those? What does “normal” look like in the future? How will this affect organizations? What kind of work will there be? What do we want to keep and preserve from the disruption?

The complexity has only increased. As a leader you had your OKRs for the year. How do you accomplish those goals with your workforce configured very differently? How do you get these done when your workforce is facing childcare challenges and experiencing a level of stress and personal disruption previously unknown?

The pandemic has also been a great example of ambiguity. We are watching governments manage a public health crisis and an economic crisis at the same time. There are no easy or right decisions. Every decision has consequences. And you never have enough information to make a decision. You have to choose and then be prepared to update your decision very quickly!

Coaches help leaders grow and develop and handle more complexity. Great coaches help their clients do this more efficiently and with deeper results. A simple example is inter-city trains. In many parts of the world you can take a train service from city a to city b that might take ten hours. Or you can take a high-speed train that makes the trip in six hours. The high-speed train is usually more comfortable and gets you there significantly faster. Both options get you to your destination.

During this pandemic we are finding that leaders are making time for their coaching sessions. However, many times these sessions are shorter. A great coach can efficiently work with the client to identify the issues, help them develop actionable insights and help them get on with their VUCA challenges.

To deal with these VUCA challenges requires a coach who has the experience, skill and insight to customize their work to provide what these leaders need now. They must be agile, insightful and armed with a large toolbox of skills and approaches. ​They must themselves be comfortable in a VUCA environment.

When you have to make a complex decision without enough information, you need a coach who can lean in to the conversation, help you understand all four of the VUCA elements and then help frame the issue so that the leader can make their best decision. And the coach is standing by ready to help that leader adjust (because they will need to).

Leaders also need great coaches who can work with a variety of narcissistic, defensive and emotional clients. All of us are dealing with a far greater level of conscious and unconscious stress. Leaders are behaving in ways that are unusual and often surprising to themselves. They need a coach who isn’t fazed by this and in fact knows how to utilize this new behavior to help the leader accelerate their growth.

Our current environment is a great example of why leaders who want to grow, develop, and thrive need to work with a great coach.

About the Author

A pioneer in the coaching industry, David Goldsmith was Chief Operating Officer of CoachInc.com and past President of CoachU. He has staged many innovative conferences on coaching and was the first to showcase coaching research almost 20 years ago. He co-founded the Foundation for Coaching which has now become the Institute of Coaching at Harvard. he has also co-founded Accelerating Coach Excellence, a program dedicated to helping coaches get to the heart of client issues in less time.  David is an active coach working with senior leaders, professionals, and entrepreneurs around the globe. He has also coached many of the leaders in the coaching profession helping to grow the impact of coaching worldwide.

Bridging Millennial and Traditional Leadership

If you want to solidify your value to your current employer and develop your leadership skills without necessarily having a leadership role. And for those in leadership roles, are there potential leaders in your organization with the characteristics of an intrapreneur? This blog is a companion to Greg Moran’s podcast Bridging Millennial and Traditional Leadership.

When you imagine a professional leader, many of us picture a manager, a business owner, or an entrepreneur. Leadership in many cases is synonymous with being in charge of a group of people. While it is true bosses and business owners are leaders, there are many different kinds of leadership that one can embody. You don’t have to be in charge of an organization or team in order to lead with your efforts and insights.

Whether you’re a manager or simply a member of a large team, intrapreneurship is a skill you can utilize to position yourself as a leader. Intrapreneurs are innovators within an organization who use their knowledge and skills to drive new ideas. In a similar way that entrepreneurs create a new product or service, intrapreneurs create new processes, develop new products, forge new pathways at their own company.

There are several key characteristics that allow intrapreneurs to achieve more than the average employee, which you may already be familiar with. They are eager to learn, always asking questions to understand why things are the way they are. They are flexible and collaborative, always willing to make adjustments and react to changing situations and requirements. Though they work well in a team, they also are motivated by a certain degree of competition.

Perhaps one of the factors that makes them most successful, is their creativity. Using their innate curiosity, they think outside of the box to come up with unique solutions to common problems. They also tolerate a certain degree of risk when advocating and testing their more unusual ideas.

These characteristics are often seen across every level of a successful team. No matter your position, you can focus on these traits to help find success. Here are just a few of the ways that intrapreneurship benefits your career:

  1. Positions You as a Leader

If all these characteristics sound familiar, it is because they also make great leaders. Being a team player, taking initiative, and coming up with innovative ideas can all help others see you as a leader in the workplace.

  1. Helps You Build Lifelong Skills

No matter what you’re doing in 5 or 10 years, the soft skills you build while working as an intrapreneur will always be valuable. Being able to innovate, take on risks, and learn from failures are some of the most important skills in any career. While you may not use the same software job to job, these skills will always be useful.

  1. Sets Your Career Up for Success

Being able to offer a unique perspective, smart ideas, and flexible teamwork abilities will undoubtedly benefit your career. When looking for someone to take on a new project, or spearhead a new team effort, your bosses and coworkers will be more likely to look to you if you have a track record of intrapreneurship.

To learn more about intrapreneurship, check out this infographic by Turbo:

 

About the Author

Brigid Ludwig is a digital content creator who helps Turbo create helpful and compelling stories worth sharing. With a background in digital marketing and creative writing, she has written on everything from tiny homes to financial planning. aspires to empower others to make smart financial decisions for a happier and healthier life.

 

Revive Your Business — Shed Overhead, Thrill Your Clients and Boost Productivity

Mitch Russo provides this blog from his book Invisible Organization: How Ingenious CEOs Are Creating Thriving Virtual Companies ©2015 and used with permission. Mitch shares how leaders can begin the process and enjoy the benefits of a successful Invisible Organization, which embraces the work-from-home atmosphere. If you want to learn more, you can purchase his book here. This blog is a companion to his podcast, Building a Community Around Products and Services.

The whole world is moving in this direction. Your competitors may already be working virtually at some level. Some companies have tried and failed, others are succeeding and winning. You may already have a few people who work from home. That’s great, but it’s just a start. Transitioning to an Invisible Organization requires much more, and the rewards are much greater than you are aware of.

Why is it worth the effort to build an Invisible Organization? You can create more free time, higher profits, greater business success, and probably best of all, greater fulfillment for you and your staff. You might not realize it, yet the future of your very business may depend on it.

It’s not hard, but it does take determination and the willingness to rethink the way your company operates. The steps I provide are simple and direct regardless of what type of company you have or what industry you are in. I’ve done it myself, and I’ve helped others do it—with tremendous results. Now it’s your turn.

The goal of this book:

To get you into action quickly so that you can begin the process and enjoy the benefits of a successful Invisible Organization sooner rather than later.

The process will require you to master several new skills and strategies which will be the keys to unlimited business success. You’ll be challenged to find ways to become “invisible” in all areas of your company.

You’re going to evaluate every department, each staff member and every system you’re using now from a different perspective. You’ll discover ways to work more efficiently, and as a direct result, expand your business.

This process will take some time, but the cumulative results will be undeniable. You will create maximum results with minimum effort and cost.

Inevitably, this will enable you to increase your income.

When asked how they run their sales organization, some business owners might say, “We just pick up the phone, call a prospect and ask for the order.” That answer is no longer good enough. You need to break down exactly what it is you do into a series of steps that you follow with every single client or customer.

When you know exactly what it is your company is doing, you can tell a person exactly what it is you do with confidence. This leads to more business because people like systems. If they’re looking for someone to help them with a specific problem or service, they feel comfortable knowing that there’s a tried-and-tested series of techniques in place to get that job done.

Besides selling with confidence, good systems will make expansion easier and training more precise. They will let you build in and repeat successful processes. You can set up the training for your staff and track their results and improve them. You’ll know how long it takes to accomplish each action.

Once clearly defined systems are in place, you’ll then be able to easily discover ways to maximize your exposure with more effective marketing.

Your marketing system is a crucial piece of your business that will ultimately be generating income for you on its own. It will become a major component of your Invisible Organization.

The following chapters will share marketing techniques that go beyond the now-common Facebook and Google ads. These techniques will become huge profit generation systems when used in an Invisible Organization. If you already have great marketing systems in place and want to expand sales while cutting expenses, you are in the right place, too. I’ll show you how you can increase productivity and profits while improving the lifestyle of the CEO, the management team, and your staff.

How do I know this for sure? I did it myself. Now I want to help you do it as well.

As the CEO of Business Breakthroughs International, I built a multi-hundred-person organization spanning seven countries and with over 10,000 clients. We doubled our business three years in a row and managed twelve divisions, seven of which had their own Profit and Loss Statement and were profitable. At its peak we generated over $25 million in revenue per year with over five hundred clients every month. On average we had more than fifty working coaches and nearly 100 salespeople, all of them working from the comfort of their own homes. We didn’t own a single copy machine, and yet anyone who dealt with us thought we occupied a huge facility with a lot of parking spaces.

The company started as Chet Holmes International and evolved into Business Breakthroughs when Tony Robbins became our joint venture partner.

We collectively assisted thousands of companies with high-level consulting services, coaching and education. I created several new divisions, all profitable almost from day one.

I ran the entire organization as President and CEO from a home office, my spare bedroom converted to a workspace. It was comfortable, easy to work from, and it saved me countless hours and dollars I would have spent maintaining a professional, outside facility. Even though my personal assistant was 2,000 miles away, we functioned as a great team.

Before that, I was a CEO consultant and a venture investor. In that role, I saw hundreds of business models and directly participated in several as an operating executive.

Back in 1985, I built, ran, and sold the most popular time accounting software company ever built called Timeslips Corporation. At one point, Timeslips Corp had over 250,000 clients. We sold that business for over $10M.

With an Invisible Organization you won’t need the physical infrastructure you are currently using. Just imagine how much money you could save if you no longer had to pay for rent and utilities. Your first response may be, “That won’t work for our company.” But think about it. Wouldn’t it be a great way to boost profits and create leverage for your business if it were possible?

How much money could you really save? Let’s take a look.

A small architect’s office in Ashland Massachusetts has 12 employees. One is the CEO, another the bookkeeper, another is receptionist, and there is one tech to support the infrastructure. The remaining eight are engineers and draftsman. They have a 4,000-square-foot office space with a conference room, a reception area, and ten individual offices. After understanding their concerns about maintaining their “presence” in the area, I recommended the following, as their lease was up for renewal:

Current Monthly Costs:

Rent at $32/SqFt:                                 $10,666

Electricity                                               $816

Gas for Heat                                           $437

Leased Servers Onsite                          $2,850

Custodial                                                 $300

Coffee Service                                         $195

Snacks                                                      $150

Phone System Lease                             $532

Internet                                                    $450

Phone Service                                         $295

Property and Facilities Insurance       $310

 

Total:                                                        $17,001 per month

 

After the CEO decided it was time to become “invisible,” most of these costs were eliminated. The company downsized to an 850-sqare-foot office, which allowed the CEO to maintain his presence with the receptionist. This included a full conference room and two guest workstations with the equipment the company already owned.

The CEO returned his leased server to the leasing company and signed a contract for a cloud-based server, eliminating 3/4 of the company’s monthly expenses (and that included new equipment at his hosting company every two years with 24/7 tech support and backup). He sent his entire engineering staff home and gave them each $75 a month to pay for their Internet fees. They were delighted to save money on fuel and lunches, plus they were happy that they didn’t have to commute an average of 80 minutes anymore.

After going invisible, the company’s monthly costs were:

Rent at $36/SqFt                            $2,550

Electricity                                          $327

Gas for Heat                                      $196

Coffee Service                                   $48

Snacks                                                $54

Internet                                             $250

Phone Service                                   $96

Property Insurance                         $144

Remote Server Lease                      $650

Added Internet for Staff                 $750

Total:                                                 $5,065 per month

That’s an $11,936-per-month savings—about $143,232 per year— because they converted from a physical location to a virtual organization. Besides the savings, everyone loved working from home, except one engineer who didn’t have the self-discipline and had to be let go. As a result productivity soared, the quality of work increased dramatically, and people were logged into their servers from home at all hours of the day and night, willing to work extra if needed without complaint.

Just imagine how much you would save on office furniture, partitions, phone sets, phone systems, and in most cases, even the cost of computers. Since you won’t maintain any of your own hardware anymore, you will no longer need a tech support person. Instead you’ll rely on your cloud system’s provider for help.

In the above example, profits soared and staff became more productive even before we started implementing the really cool stuff: interconnecting all their systems, building their document vault, and creating their automated training environment. That’s the next step, and that’s where your world will change when it comes to scalability.

Today’s cutting-edge systems will open doors you didn’t even know existed. Even if you own a manufacturing plant, or operate a medical center, or need manual labor, there are still certain departments that could operate virtually. When you have the proper training systems in place with clear policies and procedures, you can send your sales and administrative team home while watching their productivity increase. They will be happier and will keep more of their net pay.

It’s best to transition gradually. Start with just a few people to get used to how it works. Then begin to migrate, and watch the magic happen. Everything I’ve discussed in this book can be done without physical infrastructure.

The Invisible Organization by Mitch Russo © 2015

About the Author

Mitch is the author of the bestseller The Invisible Organization: How Ingenious CEOs are Creating Thriving, Virtual Companies, which is the CEOs guide to transitioning a traditional brick and mortar company into a fully virtual organization. It became an instant bestseller on Amazon across several categories. He cofounded Timeslips Corp, which grew to become the largest time tracking software company in the world before it was sold in 1998. Then, Mitch went on to join longtime friend Chet Holmes as President, later to join forces with Tony Robbins and together created Business Breakthroughs, International with nearly 300 people and about 25 million in sales. Mitch says, Make it Happen and he’s doing that with yet another great company he founded, called PowerTribes. His websites are MitchRusso.com and PowerTribes.net.

To connect with Mitch Russo, email: mitch@mitchrusso.com

 

 

How to Bring Out the Best In People at Their Worst

Dr. Rick Brinkman provides the following blog. It is a companion to his podcast How to Bring Out the Best In People at Their Worst.

Conflict can take many forms. It can be in your face, or passive aggressive behind the back. It can be caused by a specific context like meetings where typically assertive people talk too much while others drop out. The first step to successfully exiting a conflict or even better preventing it in the first place, is to understand why people act the way they do. In order to do that I would like to introduce you to the Lens of Understanding, from our book, “Dealing with People You Can’t Stand, How to Bring Out the Best in People at Their Worst.”

When you understand why people act the way they do, then you will be empowered to transform and prevent conflict behaviors. Let’s examine behavior through the Lens of Understanding. We have a green Cooperation Zone and people have 4 intents operating within them: the intent to Get Things Done, to Get Things Right, to Get Along with People, and to Get Appreciated by people. Behaviorally speaking if a person is in a Get it Done mode they will be focused on the task at hand and become more assertive to make things happen. If things are not getting done and perceive others as wasting time, then they have a tendency to go into the yellow Caution Zone and will become more controlling because if they can take over they can make things happen. Sometimes the fact that they take charge and move things forward is not a problem but a solution. That really depends on how it is done. People can also go into what we call the red Danger Zone and their behavior is more destructive and can easily become a Tank. A Tank declares martial law and runs right over you. Life is really simple to them. You are part of the solution or you are eliminated. They may rip you apart personally, but the irony is, “it’s nothing personal”. You just happen to be in the way of an end result and so must be eliminated.

However, control has other expressions. When people have suppressed anger or resentment, Sniping is often the result. At a meeting their attack is hidden in put down humor, snide remarks and sarcasm. This can be to your face or also behind your back. Sabotage and malicious gossip are also versions of this behavior. A third controlling behavior is Know-it-All. They control through knowledge because they really know a lot, but they are closed minded to everyone else’s possible contribution. In a meeting they can take the group down endless irrelevant tangents.

If we shift gears to the intent to Get it Right, we find people still focused on the task but less assertive because they must slow things down to make sure all the details are covered.   If the people around them are not paying attention to accuracy, then they can move into the yellow zone and become more perfectionist. The positive of that is all the details are covered but if they go too far into the red danger zone, they can get to a point where no one including themself can meet their high standard and then begin to feel helpless or hopeless. When people feel helpless, Whining is the result. When people feel hopeless, Negativity results. What they both have in common is they speak in generalizations that “everything is wrong, nothing is right, and it’s always that way.” It is these generalized problems that drive everyone around them crazy, because the first step to problem solving is specifics. You can’t solve a generalization.

Other people in the face of that unattainable perfection just get frustrated and give up. That’s when you hear, “Fine, do it your way. Don’t come crying to me when it doesn’t work out.” From that point they become the Nothing person and give up.

You also get Nothing behavior from a different area of the Lens. Out of the intent to Get Along with people you get people who are friendly and helpful. Here the yellow zone is all about get approval from others. And since if you don’t have something nice to say, then don’t say it at all, Nothing behavior is a common result. Agreeable Yes behavior also stems from this motivation. Out of the desire to please and get approval, people don’t consider their own needs but just say yes to whatever anyone else wants. Maybe behavior can also originate from this zone. We have all told a salesperson, “I’ll think about it.” Were you really planning on thinking about it? No, it was approval-oriented behavior. Passive aggressive behavior also originates out of this zone. They are nice to your face but become a Sniper behind the back.

Shifting mental gears to the intent to Get Appreciated by people, we find the focus is still on people but behavior tends to be more assertive because what goes hand in hand with appreciation is a desire to contribute to others. But if they are not getting the appreciation they feel they deserve, their behavior gets more attention seeking. The red zone version can be a temper tantrum or what we call the Grenade. It is different than a Tank attack in that the Tank is focused on a specific person and you know what the issue is. When a Grenade blows up they do so in 360 degrees, indiscriminately and everyone gets hit. You are more likely to hear things like, “It’s the government’s fault! That’s the problem with the world today.” and other statements that make no sense given the present circumstances. A Tank is demanding action. A Grenade is demanding attention.

What you also get out of a need for attention is another kind of Sniper; friendly fire. These are people who like you and use put down humor or teasing as a way of showing their affection. There is no ill intent, but it can still have painful consequences.

Last but not least another behavior with an extreme need for attention is Think-They-Know-it-All behavior. Here you have someone acting like they know what they are talking about, but they don’t. You get one-upmanship in this category. If you had a great vacation, they had a better one. If you were sick, they were sicker. If you had a big inauguration, they had a bigger inauguration.

Tank, Sniper, Know-it-all, Think-They-Know-it-All, Grenade, Yes person, Maybe person, Nothing person, No person, and Whiner are the top ten-problem behaviors people face. But the good news is communication is like a phone number and there is a “right number” behaviorally that you can dial that can pull people out of their stress response and back into the normal zone of behavior.

Detailed strategies for all the behaviors are beyond the scope of this article but are certainly available in the book, “Dealing With People You Can’t Stand”, published by McGraw-Hill.

Download a free Lens of Understanding and see a live presentation of the Lens of Understanding in Dr. Brinkman’s trademark Educating through Entertainment style here.

About the Author

Dr. Rick Brinkman is best known for his Conscious Communication® expertise conveyed to millions of people via keynotes and trainings in his trademark Educating through Entertainment style. He has performed over 4000 programs in 18 countries.He is the coauthor of six McGraw Hill books including the 2,000,000 copy international bestseller: Dealing With People You Can’t Stand: How to Bring Out the Best in People at Their Worst. Which has been translated into 25 languages. His latest book is: Dealing with Meetings You Can’t Stand, Meet Less and Do More.  His clients have included: the Astronauts at NASA, LucasFilm, Sony Pictures, the FBI, Defense Department, Lockheed Martin, Adobe and many more. He has been featured as a communication expert on CNN, the Wall St. Journal, the New York Times, and O Magazine.

Photo by Kaboompics .com

Practical Advice for Businesses in Crisis – Emerging

The following is a guest blog written by Mike Sayre.  It is a companion to the interview with Paul Gibbons titled Impact-Leading Change in the Digital Age .

What to start pushing forward on as you think about emerging from this crisis. You do need to push forward!

In the a previous two article, you learned about communicating openly and honestly with your team and understanding your cash and credit resources to push forward. But what do you push forward on?

Because this blog series is meant to be both practical and tactical, I am assuming that you and your company already have a mission, vision and values that are all in alignment and are the basis for the culture of your business. If not, please check out my At C-Level blogs 2, 3 and 4 at the Innovative Leadership Institute website.

As I write this, much of the world is in some kind of lockdown status for “non-essential” businesses. A major indicator that your business is not as essential as you might like it to be, is that during the pandemic, your business was either designated as “non-essential” or your sales dropped like a rock and will take months, if not years, to recover. Whenever your sales are falling off significantly, most of the following applies as well. You always want your business to be “essential” to fulfilling the needs of your customers!

Of course, there are varying degrees of “essential” and some businesses will rebound more quickly than others. What degree of “essential” is your business?

To get a gauge on that, ask yourself, “What are people doing or buying right now instead of what we provide and, more importantly, why?

Then ask yourself,

  1. If the pandemic ends tomorrow, will they immediately come back to us as customers?
  2. If not immediately, is there something we can start doing now to incentivize them to come back sooner?
  3. Is it possible they will continue on with what they are doing now and not need us at all, or nearly as much, going forward?

In any of these three cases, it’s time to engage with your customers and your team to come up with appropriate incentives to insure they come back and as soon as possible, or come up with new directions to keep them from splintering off to those new-found alternatives…which, actually, you and your team should be doing on a regular basis anyway!

If that all sounds like Marketing 101, it is. But it is amazing how much we forget and how far away we can get from our customers in a pandemic, or when things have just been going really well for a while! Your owners, customers, employees, suppliers and communities are all depending on you and your team to be thoughtful and committed in this process!

What does the business and/or its offering need to look like to not only keep current customers, but also to attract new customers as your business emerges from your crisis? Fact is, you will need new customers to fill in for current customers who just won’t come back no matter what you do, and to grow the business and thrive again going forward. What are your competitors doing? Is that what your customers want? Is your new offering really a compelling proposition for your customer and for your business?

Sales in our profitable electronics repair business (something like $12M-$15M at the time) with customers like Oracle, HP, Xerox and IBM were in decline…a crisis for us. Our customers told us we were being excluded from new bidding processes because we only had one location, which made the shipping cost of doing business with us too expensive. To be added back to the bidder lists, we needed to add our own repair locations in Europe and Asia like our much larger global competitors. Our vision had to be “adjusted” from being “the best in the business at what we do” to being “the best in the world at what we do!” We already had an international salesperson selling our customized electronic solutions who had made some nice partnership connections for us in The Netherlands and Hong Kong. So, we cultivated those connections into relationships, raised money from investors, bought a small well-run repair business in The Netherlands, and partnered with our repair contact in Hong Kong to create a small joint venture operation there. We were then put back on the bidding lists, the repair business started growing again, and we eventually achieved our vision to be “the best in the world,” according to our largest customer! Yes, this is a much bigger story, but I think it illustrates the point.

Now that you have some ideas on how you want to emerge from this crisis, you need to focus on what will have the biggest impact for your customers and business, based on what you can actually do considering your resource availability and/or constraints.

I sometimes use a quick model to evaluate such ideas/alternatives with my team:

“Impact” can be short term or long term. So you have to consider your time horizons on each alternative.

“Resources” can be financial, expertise, people, equipment, facilities, etc. Considering all of these, how would you rate it in terms of being possible for your business to do it?

“Score” is just multiplying your two ratings. This is where your risk analysis comes in.

Idea #1 is a slam dunk for an okay impact at best.

Idea #2 would have a huge impact, but is really beyond your resources in a big way.

Idea #3 would have a sizable impact, and you have the majority of what you need…do you have the money or other less obvious resources to fill in what’s missing?

This is just one way to look at it and a place to start. The larger the potential investment, the more analysis you really need to do. If you have the resources to do more than one of the alternatives, and they all make sense strategically, redo the model by taking out the best alternative and assume those resources no longer exist. Re-rate, score, and decide.

Please don’t let any model substitute for your common sense! Your results should mirror your intuition. If not, I’d think it through again.

Now, it’s time to think about the people and capabilities in-house that can be redirected to build up new business capabilities without causing major disruption in the current business, depending on how large the challenges are in the current business.

About the Author

Mike Sayre has successfully piloted businesses through difficult times of crisis for over 20 years – as a CEO, COO, CFO, and/or Board Director. He is currently an independent executive leadership consultant working through Civilis Consulting and the Innovative Leadership institute, trusted partners inspiring and enabling perpetual innovation, evolution, and growth in leaders and their businesses.  If you would like to learn more or get help, please contact Mike through LinkedIn.

 

 

What Is Imposter Syndrome and How May It Be Affecting Your Leadership?

Kayla Montgomery provided this guest blog. It is a companion to the interview with Greg Moran, Bridging Millennial and Traditional Leadership.

You’ve made it as a leader. A leader that most say is very successful. Yet, you still find your hands getting clammy every time you have to get up and talk about ideas or projects you have in the works even though your team knows they won’t fall short of a success.

If you feel this way, you may be experiencing the imposter syndrome. Turns out, even the highest of achievers, like Serena Williams and Tom Hanks, deal with the same extreme case of self-doubt.

The syndrome is reported to have, and continue, to affect 70 percent of millennials. This extreme self-doubt stops you from chasing after your goals and let you feel proud of those you’ve already nailed. But guess what? You aren’t crazy! You’re worthy of the achievements you have earned. You are worthy of your place no matter what stage of life, or your career, you are in.

Whether you’re slightly affected by the imposter syndrome or not, there are five different types you may just fall under. Learn about the types, how they may be affecting your finances, and what you’re able to do to counteract each thought process.

Five Different Types of Imposter Syndrome:

  1. The Perfectionist

As a perfectionist, you feel like you’re unstoppable. You think no matter what you have on your to-do list, or calendar, you will be able to fit everything in and master each activity no matter how tired you may get. Even though you think every week you’ll be able to master all trades, you’re constantly letting yourself down. Each week you look back at everything you weren’t able to complete, even though you thought you easily could.

To push past your perfectionist imposter tendencies, break your goals down into smaller micro-goals. Instead of wanting to save thousands of dollars this year for a house down payment, break down a small monthly value goal that will easily lead you up to your goal.

  1. The Super(wo)man

You may find yourself spending the majority of your time in the office or working countless jobs. When your friends and family ask if you’re able to make an event, you find yourself constantly turning them down because you have to “work.” No matter what, you grade your work on how much time you put into each rather than the output of each project you complete.

To hold back from working countless hours night after night, try different work methods like deep work and task batching. Invest in various apps that are able to block notifications during certain working hours, and value sound canceling earbuds that will allow a distraction free zone. Create boundaries in the workplace to ensure you don’t stay too long to wrap up a project in an unrealistic time frame.

  1. The Natural Genius

Luckily, you’re really smart. The downside is that you don’t like to get out of your comfort zone. You may avoid taking on new projects since they will take you a little more time and focus to get the job done right. This can prevent you from reaching the next step in your career or be there when your coworkers may need help on certain projects to deliver in time.

Even though you’re really good at what you do and are happy with that, get out of your comfort zone. Whether that be going to a new workout class on the weekend or asking to join meetings across different departments at your company, push yourself out of your bubble.

  1. The Soloist

As the soloist, you find yourself doing everything yourself. You insist on walking up and down every aisle at the grocery store to find that specific rice blend you like rather than asking the countless associates that walk right past you. You find yourself doing the same thing at work. You’d rather finish a project on your own in double the time it normally would just so you don’t have to ask your coworkers for a rundown.

Asking portrays your confidence in owning up to not knowing everything. Constantly tell yourself this when questions start to arise at your job. Even take baby steps by asking store associates to point you in the direction of a specific item that you know you’d be able to find on your own.

  1. The Expert

You’re the jack of all trades. You’re good at everything that’s put on your plate, but you may not be good at strutting your stuff when asked. During meetings you may feel like you blacked out when having to stand up and talk in front of everyone, or consistently feel like the information you have doesn’t amount to anything. Your coworkers look up to you, but you still feel like a fraud when they pay attention to you.

To act like the expert you are, exercise your communication skills and remind yourself you have earned your spot in whatever meeting or opportunity you were presented with. To be confident, you have to act confident.

This common syndrome may deter you from reaching your biggest career goals. If you think you may be dealing with imposter syndrome, Mint created an infographic explaining the different types, how each type may affect your finances, and tips to overcoming it. Push past your self-doubt and push past to conquer anything you put your mind to!

About the Author

Kayla Montgomery is a digital content marketer who helps Mint create helpful and compelling stories worth sharing. Her background in digital marketing and creative writing has led her to cover unique topics ranging from business to lifestyle. In her spare time, she enjoys working out, writing for her own blog, traveling, and exploring all the in’s and out’s Austin, TX has to offer. To learn more, connect with Kayla on LinkedIn at: https://www.linkedin.com/in/kayla-s-montgomery/

Managing Diversity, Equity, and Inclusion

Carrie Spell-Hansson provides the following blog. It is a companion to her podcast Diversity Training Then and Now: What Has Changed?  This interview was part of the 12-week series from the International Leadership Association.

We can all agree that technology has made the world appear smaller. Managing diversity, equity and inclusion (DEI) remains a significant challenge for many organizations. To succeed in today’s environment, organizations must commit to developing an inclusive culture.

Increasingly, companies are working with and managing people who are spread out not only within countries but also across borders and oceans. Managers are managing people from more diverse geographies, cultures, demographics, and backgrounds than ever before. People from a variety of backgrounds must work together— one-on-one and in teams—across locations that may or may not be formally linked.

Organizational leaders need additional skills to manage this changing, diverse workplace. Diversity, Equity, and Inclusion experts have the task of teaching the inclusive leadership/management skills needed in today’s multicultural work environment. Our job is to prepare leaders and managers to value differences among employees, external clients, and customers so that everyone is treated with dignity and respect.

In an article in SAGE Open, Patrick & Kumar define diversity as “a set of conscious practices that involve understanding and appreciating interdependence of humanity, cultures, and the natural environment; practicing mutual respect for qualities and experiences that are different from our own; … recognizing that personal, cultural, and institutionalized discrimination creates and sustains privileges for some while creating and sustaining disadvantages for others; and building alliances across differences so that we can work together to eradicate all forms of discrimination.”

Building a diverse workforce along with an equitable and inclusive culture requires real change and implementation of proven best practices. From my years of experience and research I’ve learned that organizations whose DEI efforts has achieved the greatest impact have all found that the initial three best practices are:

  • Leadership commitment– Many organizations have relegated the task to HR or newly developed roles and/or departments entitled Chief Diversity Officer or manager. Chances are they are qualified to create great DEI programs for the organization. I have found in most organizations without senior leadership support lasting change will not happen. Through the commitment of the leadership, organizations can give those departments assigned to the task the backing to ensure DEI initiatives rise to the level of priority needed to affect change.
  • Establish a solid foundation around the commitment and importance of DEI – Leadership must develop a clear position on DEI. DEI commitment requires communication and is an organization-wide change initiative.  A clearly defined position is essential. Many organizations have established diversity committees and/or task forces to move the DEI vision forward. These groups represent all facets of the organization including senior leadership. One of the many tasks they may be chargedwith is to develop the organization’s diversity statement.
  • Metrics for success– The most effective way to help move an organization forward and provide a measurable, long-term impact is centered around what I call the Three A’s: “Analysis—Assessment—Action.” Here’s a look at each element:
    • Analysis. This stage isn’t just about asking questions. It’s about asking the right questions. The initial goal is to capture the issues, concerns, and barriers currently existing within the organization and use that knowledge to develop a strategic diversity plan to address them. The plan should outline the specific steps necessary to reach the agreed-upon organizational goals.
    • Assessment. Generally, an organizational climate study, cultural audits, self-assessments, and one-on-one, and group interviews are beneficial in capturing the existing climate. Both quantitative and qualitative measures of the D&I climate should be used.
    • Action. Based on the analysis and assessment, the organization decides the appropriate proven best practices to implement. Some examples include:
      • Conduct organization-wide training tailored to each level—that is, leadership team, managers, and employees. When possible, separate the groups so that each feels free to open up and discuss relevant issues.
      • Provide data to help leaders and managers see the correlation between DEI and productivity and employee engagement
      • Develop a consistent operational definition of diversity and inclusion.
      • As part of the organization-wide training, include a discussion of perceptions and how our perceptions unconsciously shape how we treat and respond to others.
      • Illustrate the positive impact of cultural differences, an area that is commonly overlooked.
      • Acknowledge differences, define what the differences are, and leverage those differences within the organization.

Achieving a high-performing, inclusive organization is a journey. The DEI expert and the leadership team must develop milestones and target dates to assess where they are (actual) with where they want to be (projected). With that information, they can develop SMART goals for reaching the desired destination.

About the Author

Carrie Spell-Hansson is the executive director and founder of The Folke Institute for Transformative Learning and an expert in diversity and inclusion. TFI provides training and development, coaching, and research in diversity and inclusion, communication, cross-cultural and gender competencies, and leadership and management development both domestically and internationally. She is a sought-after speaker and a top-rated facilitator of communications, management, and leadership courses for American Management Association. She draws on her extensive years of experience in the field, using both professional and personal insights in her dynamic workshops and presentations. Spell-Hansson has been the subject matter expert on D&I for several organizations, including AMA.