Stewards of the Future – A Guide for Competent Boards

This week’s article is an excerpt from “Stewards of the Future – A Guide for Competent Boards”, by Helle Bank Jorgensen, CEO of Competent Boards, which offers the global online ESG Competent Boards Certificate Program.  It is a companion to her interview on Innovating Leadership, Co-creating Our Future titled Stewards of the Future: A Guide for Competent Boards that aired on Tuesday, January 18th, 2022.

 

“Stakeholder concerns are shareholder concerns. The increasing focus by investors, consumers, and other stakeholders on sustainability is directly influencing value creation.” — Jane Diplock, chair, Abu Dhabi Global Market Regulatory Committee; director, Value Reporting Foundation

 

Case study – Ørsted

One company that has successfully managed the transition from passive to active engagement is Ørsted, Denmark’s largest energy utility. Ørsted has undergone a dramatic transformation since its inception in 1972 as Dansk Naturgas, and later as Dansk Olie og Naturgas. For the first thirty years of its existence, its business centered on coal-fired power plants in Denmark, and offshore oil and gas drilling rigs in various other parts of Europe. In 2006, however, it decided to shift its focus to green energy, closing its coal-fired plants and putting its resources instead into offshore wind farms. As of 2020, the Danish company was the world’s leader in offshore wind power, with a 30 percent market share; it forecast that it would produce enough power for more than 30 million people by 2025.

Stakeholder engagement has been a key pillar of the transition strategy. In 2007, for example, the company began fostering a dialogue with activist groups such as Greenpeace, the World Wildlife Fund and the Danish Society for Nature Conservation. Rob Morris, a senior editor at the London Business School, noted in an article that Ørsted “had to convince people that the future business could be as successful as the old one.” One example was a lengthy op-ed piece in Denmark’s Politiken newspaper written by then-CEO Anders Eldrup in which he stressed that transformation would not be an overnight miracle. Eldrup publicly debated the company’s climate action strategy with Greenpeace’s then-executive director Mads Flarup Christensen at a 2009 meeting hosted by the Copenhagen Business School.

While the Danish government still owns 50.1 percent of Ørsted’s shares, the company has been listed on the Copenhagen stock exchange since 2016.  The following year, it opened another useful avenue to tell its story to international investors by launching its first green bond.

“A lot of it starts with a company needing to be clear about what its purpose and its real priorities are, and that can be quite difficult to formulate,” says Ørsted’s current board chair Thomas Thune Andersen. “We have a wide debate about strategy that covers everything from the annual strategy plan to the long-term strategy, to our strategic priorities. If you’re able to really explain what your strategic priorities are, you’re able to get the shareholders and others to buy in.”

Ørsted now conducts a thorough materiality assessment each year, which involves identifying its most material stakeholders as well as assessing shareholder priorities and how these priorities intersect with society’s overall challenges. It has identified five key stakeholder groups: political stakeholders and authorities, local communities, employees, investors and shareholders, and NGOs/multiple stakeholder networks. The company has a specific interest in each group. Political stakeholders are vital allies in its plans to develop green energy. Local communities and employees provide valuable input on skills, talent retention, education, and local environmental initiatives. Investors expect strong financial returns as well as robust performance on environmental, social, and governance issues. Finally, the company engages NGOs and multi-stakeholder networks on topics such as biomass sustainability and human rights. It has worked to strengthen implementation of the UN Guiding Principles on Business and Human Rights and has identified minerals and metals in its supply chain where environmental and human rights risks are greatest. The Danish company also has no problem collaborating with other utilities to develop wind farm projects. For example, in March 2020, it joined forces with Japan’s Tokyo Electric Power Company Holdings to bid for an offshore wind power project in Chiba prefecture, near Tokyo. The two companies have several other joint projects.

Ørsted has set a target of net-zero carbon emissions by 2025 and no carbon emissions at all by 2040. Corporate Knights magazine named it the world’s most sustainable energy company for three years in a row, from 2019 to 2021, and ranked it number two across all sectors in 2021. But sustainability has not come at the expense of financial performance. Ørsted’s market value has more than doubled since its listing in 2016, surpassing rivals such as BP with a far greater dependence on fossil fuels. It achieved a 10 percent return on capital and a 4 percent advance in operating profit in 2020. As of mid-2021, its share price had almost quadrupled since the 2016 initial public offering.

Taken from “Stewards of the Future – A Guide for Competent Boards”, by Helle Bank Jorgensen, now available in hardcover and ebook.

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

Helle Bank Jorgensen is the CEO of Competent Boards, which offers the global online ESG Competent Boards Certificate Program with a faculty of over 95 renowned international board members executives and experts. A business lawyer and state-authorized public accountant by training, Helle helps global companies and investors turn sustainability into strong financial results. She was the creator of the world’s first Green Account based on lifecycle assessment, as well as the world’s first Integrated Report and the first holistic responsible supply chain program. Helle has written numerous thought leader pieces, is a keynote speaker, and is interviewed by global media outlets.

 

Photo by Damir Kopezhanov on Unsplash

Disposable Housing and the Circular Economy

This week’s article is provided by Dr. John A. Kilpatrick, an economist specializing in real estate investment and housing issues. It is a companion to his interview on Innovating Leadership, Co-creating Our Future titled What Leaders Need to Know About Circular Economy that aired on Tuesday, December 7th, 2021.

 

There is an economics story making the rounds about the coal miner and the coal mine owner each buying a new pair of work boots. A cheap pair costs $5 and will last a season. A better pair will cost $20 and last five seasons. Unfortunately, the coal miner is never able to squeeze together $20, and so each season is only able to buy a $5 pair. The coal mine owner, of course, can afford the better pair. At the end of 5 years, the coal miner has spent more money than the boss ($25 versus $20) and has thrown away 5 pairs of used boots.

We have a not dissimilar problem at the heart of the world’s very significant housing crisis. It is most obviously manifested in the lack of housing affordability but is inextricably tied to the life-cycle wastage in housing resources.

Globally, housing now costs an economically unsustainable portion of a working person’s budget. Inseparable from housing affordability is housing availability. At the bottom rung of the economic ladder, housing is simply not to be had. Gregg Colburn, a real estate professor at the University of Washington, has done ground-breaking empirical research into the homeless problem to arrive at an extraordinarily simple finding – cities with the most expensive housing have the most significant problems with homelessness.

Attempts to address the problem since World War II may have actually made the problem worse and almost certainly violated the principles of a circular economy. For example, after WW-II, in the UK, vast arrays of temporary “modular” housing was constructed to address the immediate shortages. These homes were designed to have 10-year life spans, but in many corners of the UK these flimsy dwellings are still standing. As an ironic side note, many of these pre-fabs contained asbestos, lead-based paint, and other structural problems. In the US, many modular units such as mobile homes were purposely built to the most cost-cutting standards and had significantly foreshortened lifespans and lack of future adaptability compared to traditional stick-built, site-built homes. Interestingly enough, these flimsy substitutes were considered the new modern convenience in the 1950’s and promoted in movies such as the Lucile Ball – Desi Arnez hit, “The Long, Long Trailer.”

In Japan, the problem has been exacerbated by stylistic choices. Newer homes have been highly preferred to older homes. Japan saw a wave of post-war construction, but “new” and “modern” became more fashionable, and each passing decade has seen older homes become valueless in as short as 20-30 years. As such, homes in Japan are not built to last, and in some suburban towns, homes built in the 1960’s are no longer standing.

Apartment dwelling has proven to be no solution, and in fact has contributed to the wastage problem. Post-war apartment buildings were often constructed with 30-40 year economic lives. After that, the cost of replacing mechanical systems, tired or failed window and door systems, and overall heightened maintenance favors tear-down and replacement rather than rehabilitation.

This race to the bottom in housing quality and the shortening of the economic lifespan of housing inevitably drives up the long-term cost of providing adequate housing to a growing population. While short-life-span housing may have an attractive up-front cost, the need for regular replacement drives up the cost and saps resources. In short, workers needing a roof over their heads have been forced to invest in the housing equivalent of $5, disposable boots.

At the core of the concept of a circular economy is the notion of reducing the price consumption by extending the lifespan of the goods consumed, in this case, housing. Finding a sustainable, circular solution to the simultaneous problems of housing cost and housing lifespans will not be simple. For one, health and safety standards today mandate materials and systems that were either unknown or had unacceptable substitutes in past generations. Examples include adequate and cost-efficient heating, cooling, and ventilation, window and door systems that contribute to energy efficiency, improved sanitary facilities, and kitchen and utility appliances that optimize the time spent on cooking and cleaning. These systems have short life spans, and remodeling/rehab have not proven to be efficient solutions in the past.

There is however significant research underway. The 2016 African Real Estate Society Conference, held in Addis Ababa, was devoted to sustainable development. Architecture and design researchers from universities in the Netherlands are presently working with colleagues in Malaysia where housing demand and affordability are nearing crisis levels. By designing future flexibility into housing units, they hope to simultaneously conquer the affordability problem for younger consumers, the space availability problems of growing families, and even the downsizing issues of empty nesters. Researchers in Australia and Germany are focusing on the results of the 100 Resilient Cities Program (100RC) developed by the Rockefeller Foundation in 2013, which aims for “the capacity of individuals, communities, institutions, businesses, and systems within a city to survive, adapt, and grow, no matter what kinds of chronic stresses and acute shocks they experience”.

The Houseful Project, sponsored by Housing Europe, kicked off in 2019 with three themes related to housing and the circular economy: Integration of circular solutions in energy efficiency, further development of feasible circular economy business opportunities in the housing sector, and identifying buildings that are willing to implement some of the tested solutions. These solutions include, but are not limited to, containment of materials wastage in the construction process, improvement in the handling of wastewater, and energy conservation.

Australia has been a focal point for much of the research on this topic. In that country alone, over 20 million tons of waste from the construction industry are sent to landfills each year. The Royal Melbourne Institute of Technology and several other universities, with funding from the Australian Housing and Urban Research Institute, hopes to address these and related issues and help guide that country’s housing production toward increased sustainability. Finally, just this month at Canada’s McGill University, researchers held a webinar to address the problem of information silos related to housing and the circular economy, and to find ways to more efficiently share data and methods.

Housing faces real problems in affordability and availability. Increasingly, the housing sector is recognizing that adopting the precepts of a circular economy is a way of holistically addressing these issues.

 

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

Dr. John A. Kilpatrick is an economist specializing in real estate investment and housing issues.  He is Managing Director of Greenfield Advisors, based in Seattle, and also serves as a Director of the Washington State Economic Development Finance Authority. Is an author or contributing author of 10 books, most recently Real Estate Valuation and Strategy (McGraw Hill, 2020).

 

Photo by Marcus Lenk on Unsplash

2021 Top 10 Interviews on Innovating Leadership, Co-creating Our Future

As we enter into the last month of 2021, we at the Innovative Leadership Institute want to take a moment to look back at the year and recap what interviews have stood out to our listeners.

We also want to extend a big THANK YOU to every subscriber of this newsletter for trusting us with your time and helping to grow this newsletter to over 73,000 subscribers in 15 months.

Our passion is to bring you thought leaders in the area of leadership, to share an article written by those who have looked at a situation differently, solved a problem others face as well, researched and analyzed a facet of leadership, or gave us something to contemplate.  We strive to bring you timely interviews by these same people so you can hear their thoughts on leadership and provide you the opportunity to learn from others, implement new ideas, and upskill your leadership.

Today’s article is a countdown list of the top 10 most listened to shows of 2021.  Links to each of the shows are included for ease in accessing this valuable content.  The links direct you to the Voice America platform but any of the shows can be accessed 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.

 

  1. Sponsorship and Being Sponsored (8/17/2021)with Ricky Robinson and Keith Powell, both of C-Crets, a career advice platform offering career coaching services, online courses, and topical content through blogs and a podcast.

The leadership journey can be a challenging one with unseen challenges that ruin reputations. Skilled people can be left wondering what went wrong if they don’t have effective sponsorship. These challenges are even more pronounced for underrepresented people in leadership roles. Ricky Robinson and Keith Powell of C-Certs will talk about the importance of having a sponsor and of being sponsor-ready.

 

  1. Management Vs. Leadership: How Coaching Skills Make a Difference (5/25/2021) with Jonathan Reitz, an executive coach and CoachNet FLUXIFY’s Director for Training/CEO.

Coaching skills are not just for the life coach or the executive coach, they are every leader’s secret weapon. Managers can become the leaders that are needed when they understand how to use coaching skills that put the development of their team as the top priority and multiply their impact. Want to move from managing your team to leading your team? Coaching skills are the key. Jonathan Reitz joins Maureen to share how managers can move toward leading by learning some simple coaching behaviors.

 

  1. The Science of Dream Teams (9/14/2021) with Mike Zani, author and CEO of The Predictive Index, a talent optimization platform that uses over 60 years of proven science and software to help businesses design high-performing teams and cultures.

Sophisticated assessments, data, and software are giving CEOs and managers within any organization or industry detailed insights into human behavior. As CEO of The Predictive Index, Mike Zani has witnessed firsthand how the application of data and science can impact, and completely change, the way we function in our professional lives. In his new book, THE SCIENCE OF DREAM TEAMS: How Talent Optimization Can Drive Engagement, Productivity, and Happiness, Zani details a data-driven approach to talent strategy that makes hiring, motivating, and managing people more efficient and effective than ever. Mike joins the show to share his research on how to build a dream team.

 

  1. Applying the Innovative Leadership Concepts (7/27/2021) with Tom Grote, the chief catalyst for the Edge Innovation Hub, and Christoph Hinske, an associate professor at the School of Finance and Accounting at SAXION University of Applied Sciences, covering Systems Leadership and Entrepreneurial Ecosystems.

Several of the Innovative Leadership Institute’s certified facilitators join the show to share how they have taken the concepts that they learned from a 9-month program and applied them to their business functions. Tom Grote and Christoph Hinske joined Maureen to discuss how they have extended the program content and built a values-based systems mapping that helped shape both of their professional and personal journeys.

 

  1. The Essentials of Theory U (2/23/2021) with Otto Scharmer, Senior Lecturer at MIT and co-founder of the Presencing Institute.

Theory U blends systems thinking, innovation, and leading change from the viewpoint of an evolved human consciousness. Otto Scharmer joins Maureen to discuss his latest book: The Essentials of Theory U: Core Principles and Applications, a book that meets a crucial need during this point in history in helping us bring necessary changes to our foundational systems from a place of deep consciousness and perspective-taking from all key stakeholders – including the future as a key stakeholder.

 

  1. Flex: The Art and Science (9/21/2021) with Jeffrey Hull, author and CEO of Leadershift, Inc., a leadership development consultancy based in New York City.

In the past, to move up the corporate ladder and succeed at the top, you simply had to set goals, motivate the troops, delegate to underlings, and groom a successor. Now, if they are leading a team, chances are that they are managing a kaleidoscope of people from a variety of cultures, across a range of ages, all of whom are wired together 24/7. These changing demographics and structures have led to a seismic shift in terms of the tools needed to successfully manage and grow within a company: charisma and strategic thinking abilities now matter less than qualities such as vulnerability and relatability. Jeffrey Hull joins the show to discuss the research he has done on the art and science of leadership in a changing world that is featured in his book, Flex.

 

  1. Mental Toughness: How to Embrace Stress for Greater Success (7/6/2021) with Colonel Deb Lewis, a retired Army Colonel, a West Point graduate, and a Harvard MBA.

Women (and men) face unhealthy stress and anxiety daily – it’s a wonder they’re still standing. Too few of us have stress tools powerful enough to put stress to work for us so we can enjoy the journey. Once you’ve learned how to be mentally tough, you will use stress to your advantage. It becomes your superpower! Colonel Deb Lewis joins the show to share her experiences and how you can learn to effectively use stress to your advantage.

 

  1. The Power and Promise of Generation Z (10/5/2021) with Anne Marie Hayek, a cultural consultant, generational expert, and social agitator who deeply understands society’s evolutions. She founded and leads two companies, Global Mosaic and ZSpeak, with a passion for navigating the cultural movements shaping our world.

AnneMarie Hayek joins Maureen to share about her new book, Generation We. In this book, she joins forces with thousands of Zs to tell their powerful story—one that impacts all of us. From new ideas on capitalism, politics, and climate change to education, gender, race, and work, AnneMarie explains how Gen Z thinks, what they envision, and why we should be hopeful. Zs are not naïve idealists. They’re hardened realists with a bold vision for how we can transition, re-create, and progress. Generation We is your invitation to see the future they will create as it’s unfolding.

 

  1. The Future Leader: Skills and Mindsets to Succeed in the Next Decade (1/12/2021) with Jacob Morgan, the founder of FutureofWorkUniversity.com, an online education and training platform that helps future-proof individuals and organizations by teaching them the skills they need to succeed in the future of work.

There has been a lot written about leadership for the present day, but the world is changing quickly. What worked in the past won’t work in the future. We need to know how to prepare leaders who can successfully navigate and guide us through the next decade and beyond. How is leadership changing, and why? How ready are leaders today for these changes? What should leaders do now? To answer these questions, Jacob interviewed over 140 CEOs and partnered with LinkedIn to survey almost 14,000 of their members around the globe to see how CEO insights align with employee perspectives. Jacob joins the show to share insights he gained from this research.

 

  1. Becoming a Better Leader: Daily Leadership Development (2/9/2021) with Ron Riggio, the Henry R. Kravis Professor of Leadership and Organizational Psychology at Claremont McKenna College. He is the author of more than a dozen books and more than 100 research articles and book chapters in the areas of leadership, organizational psychology, and social psychology.

“Great leaders are great learners” is often quoted but how can leaders implement this into their very hectic day? Ron has created a year-long leadership development guidebook that offers day-by-day instruction in short excerpts to provide leaders with the knowledge and practical application ideas. Ron joins the show to discuss his new book “Daily Leadership Development,” his lifetime achievement award, and his views on the current state of leadership.

 

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.

 

Photo by Jonathan Farber on Unsplash

3 Industries Artificial Intelligence Will Transform Over the Next Decade

This week’s article is provided by Eric Redmond, a twenty-year veteran technologist and author. It is a companion to his interview on Innovating Leadership, Co-creating Our Future titled Deep Tech: Demystifying the Breakthrough Technologies that aired on Tuesday, June 29th. The following article has been adapted from the Deep Tech book.

 

Artificial intelligence as a field has existed in one form or another for centuries, but only in the past decade or so has it reached the critical point of going mainstream. No longer confined to science fiction, artificial intelligence (AI) is at work behind Amazon’s Alexa, Apple’s Siri, Google’s search engine, and many other technologies we use every day.

These applications of AI, while exciting, are only the beginning. Over the next decade, we can expect AI to transform many industries, including these three: agriculture, manufacturing, and the military.

Now that the Pandora’s box of AI has been opened, there are very few fields that artificial intelligence won’t affect in the near future. We’ll never stop finding new ways to add intelligence to dumb processes or inanimate objects.

With this transformation comes the chance to invest in and adopt these new technologies, but to seize the opportunity, you’ll have to first understand what to expect from the shifting landscape of industries.

Industry #1: Agriculture

The first industry worth exploring in relation to the rise of artificial intelligence is agriculture. Historically the largest industry, agriculture has long been in the crosshairs of innovative technologies. From plowshares to cotton gins to factory farming and GMOs, each innovation seems to increase yield and decrease the number of people required to work in this grueling sector. The influence of AI is expected to be no different.

One way AI will reduce required labor is through monitoring of soil and crop conditions and targeted deployment of solutions. For example, John Deere announced the acquisition of a company that leverages machine-learning vision systems to automatically spray weed killer directly onto plants, reducing herbicide use by 90 percent.

Several other companies, such as ecoRobotix, are creating chemical-free, mechanical weed-pulling robots. Many of these robots are also capable of targeted insecticide deployment, helping stave off many of the unintended consequences of overspraying, such as bee colony collapse. And speaking of bees, there’s now a pollinating robot called BrambleBee. Furthermore, nearly 90 percent of crop losses are due to weather-related events, and the task of weather prediction is tailor-made for big data and machine learning.

Monitoring all the details of million-hectare farmlands is daunting work for humans yet perfect for machines, which is why you can expect to see a massive intersection between AI and agriculture in the coming decade.

Industry #2: Manufacturing

Next, let’s take a high-level look at how AI will impact manufacturing. Even in the early 1950s, automation was taking over manufacturing tasks in Henry Ford’s automobile factories. Our collective and persistent fear of automation goes back even further—just look at the Luddites of 1811, who famously destroyed high-tech cotton mills.

It’s true that automation, along with outsourcing, has contributed to a decrease in manufacturing jobs in first world nations. Still, over 8 percent of Americans earn a living in the manufacturing industry, which is over 11 percent of US GDP. Much of the technology needed to automate the remaining jobs currently exists: robotic arms, logistics machinery, quality control systems, and the like. So how will AI change things?

The introduction of AI into manufacturing takes automation to the next level by turning expensive specialty robots into general purpose cobots, or collaborative robots. Rather than huge, clunky welding robots, blind to the world and programmed for a narrow range of tasks, cobots can be taught many different tasks, retooling themselves automatically.

Cobots are also aware of their surroundings, capable of working side by side with humans on complex tasks. This allows cobots to slowly ease their way into a workspace and take over more work, limited only by an exponentially growing intelligence. Cobots may not be able to do all tasks, but they can do enough to bend that 8 percent of jobs down a few points while reducing waste, cost, and overhead.

Industry #3: Military

Lastly, artificial intelligence will undoubtedly transform the military. For the military, AI poses a siren song that’s too attractive to ignore: perfect knowledge of world events from governments to battlefields, paired with robots that bend the casualties on your side toward zero.

AI can better support troops by improving training systems and creating novel curricula for war games. It can provide smart weapons and better intelligence, along with the more pedestrian benefits of industry, like optimizing logistic challenges in the world’s most challenging situations, or helping troops with maintenance tasks.

Autonomous weapons are increasingly augmented with AI, such as smart-camera-controlled tactical missiles. Even if control ultimately remains in human hands, the myriad of complexities that would take humans years to learn can be partially automated, allowing operation from fewer specialist hands, like flying attack drones. Moreover, the ability to correctly detect targets can drastically reduce collateral damage and innocent deaths.

These are only a few straightforward examples and may not even scratch the surface of the many uses for AI in the military. At the very least, increasing automation may allow countries to shrink their military budgets in favor of more civilian expenditures.

The Time to Invest in AI is Now

I’ve only scratched the surface of how AI will transform agriculture, manufacturing, and the military, and as you can see, the potential uses for the technology are myriad. Artificial intelligence is already making an impact on our daily lives and most profitable industries, and its influence will continue to grow.

Even if you don’t work directly in tech, now is the time to get involved in the AI revolution. Historically, the people and companies that profit the most from emerging technologies are the ones who adapt and invest in them early. Moreover, these early adopters drive further adoption of the technologies, forcing everyone else to catch up.

You can get involved by learning more about how artificial intelligence will transform your industry, whether you work in agriculture, manufacturing, the military, or practically any other industry—AI is coming to disrupt them all. Prepare to be the first among your competitors to implement new AI solutions in your business, and like Amazon, Apple, and Google, you’ll position yourself to win.

 

For more advice on emerging technologies, you can find Deep Tech on Amazon.

 

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

Eric Redmond is the Forrest Gump of technology: a twenty-year veteran technologist who always happens to show up wherever deep tech history is being made, from the first iPhone apps to big data to Bitcoin. He has advised state and national governments, Fortune 100 companies, and groups as varied as the World Economic Forum and MIT Media Lab. He has also authored half a dozen technology books (including two tech books for babies) and spoken on every continent except Antarctica. Today, he’s a husband, a dad, and the leader of a global tech innovation team.

 

Photo by Possessed Photography on Unsplash

 

 

 

Leading in Emerging Industries

This week’s article was written by James Brenza.  It is a companion to his interview on Innovating Leadership, Co-creating Our Future titled Leading in Emerging Industries that aired on Tuesday, August 3rd.

 

I recently shifted my business and technology leadership skills to a new industry. It is an opportunity to help a burgeoning industry improve operational efficiency, improve patient outcomes and help operational leaders be more effective. My career focus has been technology, data, and analytics. My career took a tangential shift when I started Greenest Grow, a company that focuses on creating sensors and software to support efficient cannabis growth. After watching my brother and father suffer extreme pain during the end stages of cancer, I decided to shift my strong professional focus to an area that would help others have a better experience than my family had.

Leaders are frequently called on to step into new industry domains. Sometimes, we invite ourselves into those domains. While the reasons for the shift can be numerous (e.g., burgeoning market opportunities, industry transitions, or personal growth), there’s one constant you’ll encounter: change. While it may be obvious that you’re going to instill change in the new industry domain, you’ll also need to accept some changes yourself. For many people, that second change can be the harder one to anticipate and accept.

My shift required a great deal of soul searching and business research to ensure I was focusing on an area that would have a positive impact on the industry, be financially viable, make the impact I wanted to make for cancer patients and their families. It was also critical that I not provide a gateway drug that might exasperate our global drug addiction issues. This shift has been a bit easier by focusing on 3 key elements:

  1. Adapting and applying the lessons I’ve learned in other industries. When you step away from the details, there are nearly always parallels you can identify and solutions you can leverage.
  2. Applying domain knowledge in common areas (e.g., technology, marketing, and finance).
  3. Adjusting your interpersonal approach to adapt your knowledge to the new domain while garnering acceptance.

That last element, adjusting your interpersonal approach, may be difficult to navigate. “Leading” is getting in front and charging forward, right? While that may work for some, I’ve found it’s generally more effective to gain acceptance and facilitate change through others. While we may need to be “in the forefront”, we can also remain humble and gain perspective. One very effective method is leading with questions to facilitate mutual understanding. If you’re attempting to explain how a prior experience can help solve a challenge, you’ll likely find a very short story will help. That will help others see the parallel to their challenge, consider it differently, and adapt/adopt a new approach.

Throughout a cross-industry transition, it’s critical to remain true to yourself and your values. Consider this: if you can’t lead yourself, how can you lead others? If you can’t succinctly state your values, you may encounter unnecessary turbulence when you encounter new problems. By clarifying your values, it will be much easier to navigate the gray areas and avoid a potential abyss. More importantly, it will help you focus your value proposition and avoid conflicts with your “true north”. By being true to yourself and your values, your new team and industry peers will immediately perceive your sincerity.

The Innovative Leadership Mindset model from the Innovative Leadership Institute provides a robust perspective to help you lead more effectively. Here’s a summary of the mindsets and examples of how I applied them.

Leader 2050 Mindset Application
Be professionally humble You, your peers and your team know you have a lot of expertise. However, you’re stepping into a new domain. It’s important to remember that others have spent decades in that domain and possess a lot of industry wisdom.

 

I am a 50+ year old man who has never used drugs. I was trying to enter the cannabis industry, which is closed by necessity because of the legal challenges. I needed to observe, learn, build relationships before even stepping into a grow house. I went from being the industry expert to the new guy in this industry with extensive experience that would help solve significant challenges and improve operational efficiency. I found it helpful to spend 3-4x more time listening than speaking. I also try to introduce new approaches with a question that invites discussion rather than blunt statement or order.

Have an unwavering commitment to the right action I was an Eagle Scout growing up. I didn’t use illegal drugs. When my brother and father died from cancer, I began to explore the available options to help other cancer patients and their families. I looked at questions of ethics such as is cannabis a gateway drug. Each of us will find our own path. For me, my research made me confident that I could pursue this path and help many people by improving the growing efficiency, which will help produce consistent medicinal cannabis at a lower cost.
Be a 360-degree thinker This was certainly a new domain for me. The size of the puzzle I was facing increased dramatically. Prior to jumping into action, I had to invest time and effort into understanding the entire landscape, identify parallels I could leverage as well as blind spots I needed to question. I relied on Stephen Covey’s sage advice: “seek first to understand, then to be understood”.

 

I partnered with a broad range of people to help me solve significant business issues such as addressing the ability to retain a bank account as a business that supports the cannabis industry. I learned about running a manufacturing business and the contract manufacturing process, about all of the elements in the manufacturing value chain and the cannabis value chain. I sought a board with a range of experience and strategic partners to help in areas where they were experts.

Be intellectually versatile I was stepping into a new domain. It was disconcerting to not have all the answers immediately. I had to open my mind to new knowledge, new experiences, new information, new perspectives – before I could apply any existing mental constructs. I also realized I would never develop the skills that others have spent decades honing. I adapted my approach to ensure that I was building a team that could fill my voids while I applied my skills to help them reach a new level. Collectively, the intellectual capacity of the team increased dramatically.
Be highly authentic and reflective As I processed new information and perspectives, I needed to “double click” on my firmly held beliefs and values.  I knew that if I varied from my “true north”, I wouldn’t be able to work or lead effectively. I had to think deeply to understand my values, what they meant and how they are accomplished. I value both helping people mitigate pain AND I value laws and a focus on avoiding making illegal recreational drugs more accessible if they function as a gateway drug.  I also had to incorporate more research to validate accepted concepts. I grappled with my initial view of “drugs”, my values and the research and ultimately refined how I viewed cannabis. Lastly, it was important to ensure I was applying concise logic and not simply rationalizing to support a business model. This process was an important one. I use the word grappling because I needed to think deeply about what I support, what ventures I want to invest my energy and financial resources into. For many entrepreneurs, this is an important step to consider.
Be able to inspire followership Many individuals look to the “leaders” for the instant answer. However, many leaders know there isn’t always an easy or instant answer. I’ve found that it’s a very fine balance to be both collaborative (seeking input) as well as a visionary that can offer the team a new outcome. I’ve found it helpful to introduce a vision followed by a series of questions that invite conversation to help validate, refine and gain adoption. This “softer” approach helps me empower the team to expand the thinking, influence the adoption of new methods, and encourage collective ownership for sustainable change. We built a shared vision through a process that gave them a voice in the outcome. They also built trust in me and the leadership team through this process.
Be innately collaborative The delicate balance I mentioned above shows up in the tension between inspiring people to follow me and inviting them to collaborate. I’ve realized my first thought should always be to find a way to bring others into the thought process and solution development. Lasting change is only instilled if others are buying into the changes. I’ve observed many organizations rebounding to old behaviors due to the solution being incomplete or a lack of shared ownership. I’ve increased my focus on bringing the team together rather than trying to provide all the answers.

 

Leading through changes and transitions can be both frustrating and rewarding. As you see from the brief account of my experiences, this change in direction has been highly rewarding and also one of the more challenging endeavors I have taken on. At the end of the day, I will accomplish a goal that I am very proud of, improving the lives of people with cancer and the lives of their families. To do this, I needed to remain curious, facilitative and true to myself.

As you think about yourself as an entrepreneurial leader, what is your story? If you look at the seven mindsets, how would you describe your journey? Does this process reveal any gaps you would like to attend to?

 

 

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

James Brenza is an entrepreneur, information technology and analytics leader with 30 years of diversified experience. He is a hands-on leader who carefully balances strategic planning, business communications, and technical delivery. He has extensive experience with motivating mixed-shore teams to deliver high-quality, flexible results. James’ academic foundation includes 3 degrees: Information Technology, Finance, and an MBA. He complemented his technical skills with a Six Sigma Black Belt, Lean Qualification, and PMP certifications. He applies that foundation to solving problems in agriculture, banking, insurance, retail, distribution, manufacturing, pharmaceuticals, and public service. He led analytic programs that have paid for themselves upon implementation and delivered first year ROI’s in excess of 10,000%.

 

 

What Collective Leadership Is and Isn’t

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This blog is a guest post from Erica Sunarjo, it coordinates with Mark Shapiro’s interview titled Disruption in America’s Favorite Pastime: MLB CEO Shares Insights that aired on Tuesday, March 30th, 2021.

 

What does the dominant approach to leadership research assume? It assumes that a single individual embodies all aspects of the leadership role within a team.

But does this approach fit the reality of the modern business world? No, it doesn’t. The vast majority of fast-growing modern companies are led by multiple individuals (both formal and informal leaders) who make strategic decisions altogether and motivate the team.

Today, we will discuss the basic aspects of collective leadership and compare them to traditional leadership. Let’s dive into the topic.

What is collective leadership, exactly?

In a nutshell, collective leadership can be defined as a group of people with diverse talents and expertise working together toward a shared goal. Collective leadership is associated with strong external and internal motivation. Sharing the same vision, collaborative leaders work enthusiastically and focus on achieving both short-term and long-term success.

In contrast to traditional leadership, collective leadership recognizes that accomplishing ambitious goals is impossible without diverse perspectives and contributions.

View of organization

Collective leadership is viewed as a process. An organization is viewed as a living system rather than a machine.

The success of the project is defined by the relationships among the parts of the system. Working together and taking advantage of each others’ expertise, collective leaders develop unique, innovative solutions that are unattainable for traditional leaders.

Structure

Traditional leadership is based on a pyramid organizational structure. In contrast to it, collective leadership represents a connected network structure.

Collective leaders do not obey each other. They don’t have a boss. They work together toward a shared goal, discuss their ideas openly, and don’t experience excessive pressure.

Marie Fincher, a leadership book writer and editor at best essay education website, shares her thoughts about collecting leadership: “In 2020, hierarchical organizations are doomed to failure. They lack the flexibility to adapt to fast-changing markets and technologies. If you want your company to thrive in the long-run, you should create a connected network structure and promote collective leadership.”

Decision making

Traditional organizations use a “top-down” approach to decision-making. Decisions are taken at the top of the pyramid and permeate down through layers of management.

Organizations that employ collective leadership make decisions in another way. Team members discuss various solutions with each other and greatly rely on the opinions of the experts in the niche.

Imagine there are four collective leaders: web designer, product manager, marketer, and customer support expert. They need to decide on building a new landing page. Who will be responsible for decision-making? All four of them. Whose opinion will influence the final decision the most? Opinions of the web designer and marketer because the landing page design relates to their field of expertise.

Assumptions about people’s capacity

Collective leadership has such an assumption about people’s capacity: people are inherently capable and can be trusted to complete the tasks. People don’t need to be told what to do.

Qualified professionals can do their jobs without supervision and without directions from the boss. A marketer can calculate the cost of an upcoming ad campaign. A writer can choose a topic to cover in the blog. A web designer can pick a font for the home page.

Talented marketers, writers, and web designers don’t need a leader – they can be leaders by themselves and make their project a success. They have enough skills and knowledge to deliver outstanding results, and the absence of the bossy leader only boosts their internal motivation.

Beliefs of how success is created

The traditional approach to leadership teaches us that one person has the skills or talent to create success. Collective approach makes us look at the success of an organization from another angle. Collective leadership shows us that success comes from the diversity and skills of many.

Let’s face it. There is no person in the world that knows the answers to all questions and can find solutions to any emerging problems. But there are teams of experts who can find the required answers and solutions really fast if they work together.

The collective approach to leadership is growing in popularity and for a good reason. Since the modern business world is getting more complex and fast-changing, it’s important to empower experts and give them more authority to adjust strategy.

Benefits of collective leadership

Collective leadership is beneficial for modern organizations:

  • It helps to enhance the decision-making process
  • Boosts motivation
  • Allows to realize the full potential of each team member
  • Helps to increased engagement

Are you ready to revisit your business strategy and change the approach to leadership in your organization? Write a new strategy that employs collective leadership principles, and you will lead your company to success. Feel free to use ClassyEssay or SupremeDissertations if writing help is needed.

Wrapping up

In the coming years, collective leadership will become a common practice. So don’t waste your precious time.  Become an innovative leader today – take a free leadership assessment and enroll in an online leadership development program.

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

 

About the Author

Erica Sunarjo is a professional writer, translator, and editor with a Master’s degree in Marketing and Social Media. She writes thought-provoking articles for publications in a variety of media. She is a regular contributor writer at Subjecto. Even though she is an expert in numerous fields of business, Erica is always dedicated to learning new things. She actively visits conferences and takes online classes to keep her mind open to innovative ideas.

Photo by Kylie Haulk on Unsplash

The Power of a Learning Culture and How It Fits Into a Competitive Sports Environment

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This blog is provided by Mark Shapiro, President & CEO of the Toronto Blue Jays, as part of the International Leadership Association’s interview series.  It is a companion to his interview on Innovating Leadership, Co-creating Our Future titled Disruption in America’s Favorite Pastime: MLB CEO Shares Insights that aired on Tuesday, March 30th, 2021.

 

As I reflected back on this pandemic year, I came across an email I wrote to Blue Jays staff while I was on the unexpectedly early flight home from Spring Training in March of 2020, part of which read, “If only I could just pass on some wisdom or insight from experience that would provide simple guidance for navigating this challenge. But there is no past experience for any of us. We are in uncharted waters.”

Together – players, coaches, staff alike – we were facing an entirely new situation with no playbook. And yet, the Toronto Blue Jays prepared for and attacked a season at two (now three) different home ballparks, overcoming uncertainty, external doubt, and constant change, to compete against the best in the world, going from a 95-loss team to making the expanded 2020 playoffs.

How do you prepare an organization to perform at the highest level during a once-in-a-generation crisis scenario?

There is no playbook for something no one has experienced, but by fostering an organizational culture of learning, open-mindedness, and intentional growth, leaders can lay the groundwork to make their team an unstoppable force when adversity arises. The ultimate competitive advantage.

Our leadership team has strived for many years to create a learning culture, where regardless of where we each individually show up to work – whether that is a player walking on to the field, a coach working with a hitter in the cages, a baseball operations employee looking for competitive advantages by analyzing game data, or a ticket rep fielding phone calls from fans – we listen to those around us with an open intent to learn and improve.

There have been few moments where I, or one of the many talented people I work with, have an immediate answer to a problem we are trying to solve. As issues and important decisions have arisen, we bring different people and opinions together to listen and collaborate. I take great pride in knowing and believing that no matter how many experts we contact to help us solve a problem or learn something new, I will walk into Blue Jays stadiums, offices, and fields across North and Latin America with the confidence that I am just as likely to learn from members of our organization – at any and every level – as I am from professors at elite universities.

That commitment to keeping an open mind leads us to have the ultimate competitive advantage – a learning culture.

Our Blue Jays catcher, Danny Jansen, recently told a story on a podcast about doing game recall when he was a young prospect where a coach would ask him why he called each pitch, “as soon as you stop learning from this game, and doing things to better yourself, it’s going to spit you out; as a catcher, you are always learning.”

When a pitcher is struggling to develop a new pitch, seeking out feedback and analyses from different resources might spark a tweak for success.

When a marketing employee is stuck on a concept for a fan initiative, collaboratively inviting people from other parts of the organization might bring around the next big idea.

When an amateur scout is speaking with a high school coach, their curiosity might uncover an overlooked prospect.

Our shared commitment to learn, get better, trust, and respect those around us, helps bring competitive advantage opportunities that might have been lost in a fixed mindset.

From border restrictions to COVID-testing protocol, I could spill a lot of ink sharing the unfathomable number of challenges that needed to be solved for this year. Like every other public facing organization, the list of questions was significantly longer than we had solutions for, with fans, players, families, staff, partners, media, and so many more, needing answers.

But to be a competitor, to be the best at anything you do, is to be constantly looking for ways to learn and improve. And by fostering a learning culture, our players and people already had the tools they needed without a playbook, to rise to the challenge at the highest level.

We have all been forced to live outside out of our comfort zones and to adapt to a new way of working this year. It would be easy to throw in the towel or use the overwhelming challenges as excuses for underperforming. But by taking ownership of a situation and approaching each moment as a growth opportunity, we can collaboratively find solutions and get better incrementally.

Even outside of a crisis, the competitive advantage gained by pulling together and building upon our experience, intellect, and skillsets enables us to bridge any resource gaps to compete against the best in the world.

An open mind and learning culture are better than any road map a leader can provide.

 

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, and iHeartRADIO. Stay up-to-date on new shows airing by following the Innovative Leadership Institute LinkedIn.

 

About the Author

Over a career that spans 28 seasons, Mark Shapiro is one of the rare executives in Major League Baseball that has had the opportunity to lead and impact baseball, business, and league operations. Widely considered one of MLB’s top executives, he was appointed as President & CEO of the Toronto Blue Jays in November 2015, following 24 seasons within the Cleveland Indians organization.

Following both the 2005 and 2007 seasons, Shapiro was named the Sporting News “Executive of the Year,” at the time the only active GM in MLB to win the award twice. In 2005 he was also named “Executive of the Year” by Baseball America, and after the 2006 season, the Indians organization was named “Organization of the Year” by TOPPS for the first time. In 2007, Mark was named to the elite “40 under 40” by Sports Business Journal, as well as being listed on Baseball America’s “10 to Watch” list.

Photo by Mike Bowman on Unsplash

Innovative Leadership for the Health Care Industry

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This article is from the new book Innovative Leadership for Health Care. The book was written by Maureen Metcalf of Innovative Leadership Institute and several other co-authors, to provide health care workers with frameworks and tools based on the most current research in leadership, psychology, neuroscience, and physiology to help them update or innovate how they lead and build the practices necessary to continue to update their leadership skills. It is a companion to the interview on Innovating Leadership, Co-creating Our Future between Dr. Neil Grunberg, one of the co-authors, and Maureen titled Innovative Leadership for the Health Care Industry that aired on Tuesday, March 23rd, 2021.

 

The Robert Wood Johnson Foundation’s Urban Institute reports that on an average night in the United States, around 465,000 people will go to sleep in our hospital beds. They will wear our gowns, eat food prepared in our kitchens, have their faces washed with water from our sinks. Some will undergo lifesaving procedures; some will undergo preventative observation, all will be in a state of vulnerability, unlike almost any other experience. Many will receive the care they would term as “miraculous.” Whether it is inside one of our 6,100 hospitals or in a rural office 100 miles from the nearest metro emergency room, health care is a big responsibility. It is always intimate. It is always humbling. It is often urgent.

Advances in training, education, information, public policy, and technology account for many of these daily miracles. We assert these miracles are also the result of extraordinary leadership. Leadership leveraging the strength of the team to go beyond the limitations of the individual. Leadership creating resources when and where they are needed. Leadership reaching beyond what can be touched and extending to the health care delivery system.

Just as receiving health care is intimate, humbling, and often urgent, so is leadership development. This book provides the education and tools to help you grow personally and increase your knowledge and skills. If you are not touched as well as challenged, lost as well as enlightened, and reflective as well as affirmed, then we have failed you. Leadership growth is a contact sport. Changing who you are is the real leadership growth that you seek. Creating miracles for your patients, staff, and community is your reward for risking this personal leadership journey.

Health care professionals are highly respected and valued in society. They have essential, existential roles as healers of the sick and injured and promoters of physical and mental health. Effective health care professionals apply their knowledge and skills appropriately and ethically. They respect colleagues, patients, patients’ significant others, and the limits of their knowledge and skills. They are leaders in that they are aspirational and inspirational. They influence these stakeholders and the organization’s cultures and systems in which they have a formal leadership role. They lead themselves, their people, their teams, and their organizations.

Becoming a better health care leader and optimizing innovation hinge on your ability to authentically examine your inner makeup and diligently address some challenging limitations. Leadership innovation or elevating your leadership quality can be accelerated by a structured process involving self-exploration, allowing you to enhance your leadership beyond tactical execution. While we provide a process, we want to be clear that readers should use this process to be effective for them. We each face different challenges and relate to leadership development in different ways. Each of us will use this book slightly differently. With that in mind, we tried to create a framework that is actionable and easy to follow. The process of leadership growth can be challenging, especially when it requires exploration of implicit beliefs and assumptions and potential changes to your overall worldview. Combining health care leadership with innovation requires you to transform the way you perceive yourself, others, and your role as a health care leader.

Wiley W. Souba noted, “Unless one knows how to lead one’s self, it would be presumptuous for anyone to be able to lead others effectively… Leading one’s self implies cultivating the skills and processes to experience a higher level of self-identity beyond one’s ordinary, reactive ego level… To get beyond their ‘ordinary, reactive ego,’ effective leaders relentlessly work on ‘unconcealing‘ the prevailing mental maps that they carry around in their heads. This unveiling is critical because leaders are more effective when they are not limited by their hidden frames of reference and taken-for-granted worldviews. This new way of understanding leadership requires that leaders spend more time learning about and leading themselves.”

By earnestly looking at your own experience—including motivations, inclinations, interpersonal skills, proficiencies, and worldview, and aligning them with the context in which you operate—you can optimize your effectiveness in the current dynamic environment. Through reflection, you learn to balance the hard skills you have acquired through experience with the introspection attained through in-depth examination—all the while setting the stage for further growth. In essence, you discover how to strategically and tactically innovate and elevate leadership the same way you innovate in other aspects of your profession.

We define leadership using the following chart. Leaders must attend to and align all elements of the overall system continually to respond to changes within the system and external factors within your context, such as insurers and government regulations.

This table is foundational to depict how we talk about the facets of the leader’s self and organization. When one facet changes, the leader must realign other aspects to ensure efficient and effective operation. Many leadership programs focus on leadership behaviors; this book is different in that it addresses where the leader fits within the overall system and how they are responsible for leading.

  • The upper left quadrant reflects the inner meaning-making of each leader (the personal). It contains both innate and developed capacities. This quadrant provides the foundation of self-awareness and individual development. It serves as the basis for behavior, competence, and resilience. Leaders must be aware of their inner landscape to be truly effective.
  • The upper right quadrant reflects observable behaviors, actions, competencies, and communication. This quadrant is what we see in leaders. Leadership training often focuses on checklists of behaviors because they are easier to assess and discuss. This book is different; it suggests actions, but it is not prescriptive. We acknowledge that behaviors tie to your meaning-making, culture, systems, and processes.
  • The lower left quadrant is inside the groups (interpersonal/dyads, teams, and organizations). It includes the vision, values, agreements, guiding principles, and other factors that create health care cultures.
  • The lower right quadrant reflects the visible systems, processes, physical infrastructure and equipment, facilities, technology, and reward and recognition systems

Part of what is innovative about this approach is that it requires leaders to focus on all four areas concurrently. When one area changes, others are impacted. When leaders’ beliefs change, their behaviors often change. Behavior changes impact culture and systems. The same is true when the organization changes, such as shelter in place during a pandemic. Health care leaders need to change their behaviors and face new challenges, such as telemedicine’s increasing use. One essential leadership skill is to quickly realign across all four quadrants in response to changes in any single quadrant.

Innovative health care leaders influence by equally engaging their personal intention and action with the organization’s culture and systems to move the health care organization forward to improve the lives of the people it serves. These leaders also take into consideration the rightful interests of the organizational members. Depending on the role of leaders and sphere of influence, they impact individuals, teams, and the entire organization. Health care professionals who are innovative leaders adapt and develop themselves and their organizations to optimize effectiveness with changing environments or contexts (psychological, social, physical). This book guides health care professionals in becoming Innovative Health Care Leaders.

 

To find out more about this new book, Innovative Leadership for Health Care, click here. To find out how to implement this innovative book into your health system, contact Innovative Leadership Institute here

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

About the Authors

Maureen Metcalf, M.B.A., founder and CEO of the Innovative Leadership Institute, is a highly sought-after expert in anticipating and leveraging future business trends.

Erin S. Barry, M.S. is a Research Assistant Professor in the Department of Military and Emergency Medicine at the Uniformed Services University.

Dukagjin M. Blajak M.D., Ph. D. is an Associate Professor and H&N Division Director in the Radiation Oncology department at The Ohio State University Comprehensive Cancer Center – Arthur G. James Cancer Hospital and Richard J. Solove Research Institute.

Suzanna Fitzpatrick, D.N.P., ACNP-BC, FNP-BC, is a senior nurse practitioner at the University of Maryland Medical Center in Baltimore, Maryland.

Michael Morrow-Fox, M.B.A., ED.S., is a consultant with the Innovative Leadership Institute experienced in health care, education, banking, government, and non-profit management.

Neil Grunberg, Ph.D., is Professor of Military & Emergency Medicine, Medical & Clinical Psychology, and Neuroscience in the Uniformed Services University (USU) of the Health Sciences School of Medicine; Professor in the USU Graduate School of Nursing; and Director of Research and Development in the USU Leader and Leadership Education and Development (LEAD) program, Bethesda, Maryland.

 

 

7 Must-have Qualities of Leaders to Get the Best Output from Their Teams

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This blog is a guest post from Valentina Wilson, it coordinates with Ron Riggio’s interview titled Becoming a Better Leader: Daily Leadership Development that aired on February 9, 2021.

 

“Management is about persuading people to do things they do not want to do, while leadership is about inspiring people to do things they never thought they could.” — Steve Jobs

The responsibilities of leaders have quadrupled during an era when it has become a challenge to run a business. Covid-19 has brought fresh challenges for the companies. The onus is on leaders and remote workers to keep the business running amidst all uncertainties. But the key responsibility of helping a business thrive during the pandemic rests upon the shoulders of its leaders.

Great leaders can help to inspire teams to give their 100% at work.

Leaders need to instill a sense of courage and trust in their workers. Workers look up to leaders for direction and inspiration. If the leaders are incompetent or do not have adequate leadership skills, then it is hard to get 100% productivity from the teams.

Good leaders can get the best out of their teams during a crisis period. By keeping the teams motivated, inspired, efficient, productive, and focused on work, leaders can help a business to reach the pinnacle of success at any time. Teams look up to their leaders for direction and confidence. They walk on the path that their leaders show them. They watch and observe each movement of the leaders.

Also, leaders act as a bridge between the company and the employees. A great leader can inspire his or her teams to give their best effort during a crisis time and help to bring abundant growth to the company.

What are the great qualities of great leaders that can help to get the best output from their teams? 

  1. Give powerful and inspiring messages to your team.

Employees trust leaders more than the information they get from the media or the government. Great leaders always choose their words carefully at the time of communicating with their teams. They give clear and direct messages to make workers feel safe and protected.

During a period of crisis, leaders give moral support to workers even though they don’t feel confident about the situation. They solve the queries of the workers in the best possible manner to reduce their stress.

Great leaders are always there with their workers during ups and downs. They give powerful messages to instill hope and courage in the hearts of workers and help them shine in their full glory.

  1. Great leaders bond with the team by sharing personal stories and experiences.

Sharing personal experiences helps to strengthen the bond between leaders and team members. It helps the leaders to connect with team members and help to build healthy relationships. They speak about their personal experiences and victories to their team members.

They discuss Netflix web series, sports, personal interests, TV shows, politics, and so on to uplift team spirits. All work and no play make the team members feel bored. Personal chats and sharing of hearty laughs are also equally essential for the smooth functioning of a team.

If the bond between the leader and team members is not strong, then there cannot be 100 percent success. When leaders share their experiences and personal stories, workers feel inspired. They get the strength to collaborate with other members and get the work done as soon as possible.

  1. Great leaders act as a mentor rather than an authoritative person.

Great leaders don’t instruct workers about what to do like an authoritative boss. They act as a mentor toward the employees and guide them on how to finish a task. Leaders share helpful resources with the workers so that they can work on the project in the right direction. Leaders work with employees as a team.

They give genuine feedback about the progress of workers. They converse about the challenges that workers may face while doing the project in the weekly team meetings. Leaders ask how they can help workers overcome those obstacles and challenges. They share personal experiences to encourage workers to keep on fighting to overcome all the challenges and achieve ultimate victory.

  1. Great leaders take accountability for both success and failure.

Workers look down upon leaders who love to come to the limelight when there is a grand success and put all the blame on the workers when something goes wrong. Great leaders work as a team with workers.

They set clear objectives so that employees know what they must deliver. They work alongside the members until a project is delivered. They share both success and failures with the team members.

  1. Great leaders are fair and impartial to everyone.

Great leaders are fair and impartial to all workers so that they don’t feel deprived of anything. If the leaders are not neutral, then the team will not be motivated to give their 100% at work. The relationship between the team members and the leader will suffer, and so will the work in process.

  1. Great Leaders act as a bridge between the employers and the employees.

The outbreak of COVID-19 led to the introduction of work from home policy in many companies across the globe. Millions of workers have been working from home for the last year. Now, this has created a sense of confusion among employees. It has also created a sense of disconnect between employees and employers.

Leaders have a big responsibility here. They must act as a bridge between the employer and the employees. Great leaders communicate the new work from home policy clearly and decisively so that there is no confusion. They answer all the questions of the remote workers patiently and resolve their curiosity. After all, curiosity kills the cat.

Great leaders explain the benefits and risks of the new work from the home policy so that no one feels that others are getting an undue advantage. They work with employers to develop effective strategies to motivate workers who are coming to the office and working from home during the pandemic. They relay messages from employers from time to time so that remote workers get a sense of belonging to the company.

  1. Great Leaders work hard to lead by example and inspire others to work equally hard.

Workers will not be ready to put their 100% at work if their leaders give only 10% effort on projects. If leaders are sloths, workers will also be sloths. Great leaders prefer to lead by example. They put their 300% at work so that the workers are equally motivated to put at least their 200% on the current assignments. Strong leaders don’t believe in delivering speeches only. They believe in action. And that is because action speaks a thousand times more than words.

Final note

Leadership qualities help companies and workers in achieving financial freedom during dark times. The right behavioral attitude, empathy, and effective collaboration, and great leadership skills can help both companies and workers to get financial success in the long run.

 

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, Google Play, TuneIn, Stitcher, Spotify and iHeartRADIO. Stay up-to-date on new shows airing by following the Innovative Leadership Institute LinkedIn.

 

About the Author

Valentina Wilson is a writer. She loves to analyze personal financial matters and help others manage their finances in a better way. Traveling is also her passion. She follows more animals on Instagram than humans and her greatest achievement is her blog. She believes that transparency and conversations about money are essential in gaining control of finances.  To connect with her, go to her LinkedIn or visit her blog bestdebtconsolidation.org

Image by Gerd Altmann from Pixabay  

 

 

 

A Wave of Inspiration

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The following blog is provided by Anie Rouleau. It is a companion to her and Daniele Henkel’s interview on Innovating Leadership, Co-creating Our Future on titled Certified B Corporations Seek to Improve Our World that aired on March 24th, 2020.

 

In 2003, I went on a solo adventure and traveled around the world for 18 months. In every country I visited, I sat down in the parliament to hear what the local pressing socio-economic issues were. Time after time the same challenge surfaced… the environment.

From Africa – where the concern was access to clean drinking water, to Australia – where I swam over disappearing grey coral reefs, to Chile – where I witnessed a plane flying over lakes to steal water for Argentinian vineyards.

Growing in up Canada with the abundance of freshwater lakes and rivers surrounded by two oceans, I was flabbergasted by this reality. I quickly understood the meaning of Blue Gold, a book by Maude Barlow and Tony Clarke that deeply moved me.

Concerned about this reality, water became my inspiration and motivation.

A Wave of Innovation

Principal source of all life, water is vital to human health.

Paradoxically, water is the main ingredient in almost all of our products. Water is also required to use most of our products. Offering biodegradable products to limit the damage in our water sources is a good start, but we must also be aware of the harmful repercussions of single use plastic packaging. These containers and plastic particles are largely found in our oceans and today form impressive plastic islands. We are part of an industry known for its single-use packaging and products that have damaging impacts on the ecosystem.

As conscious citizens and a responsible company, it is our duty to ensure the least impact possible on our waterways throughout the lifecycle of our products. For example, our new ecodesigned dish tabs have been tested to be efficient at low temperatures from 45° Celsius and in a shorter wash cycle. Not very extraordinary for some, but highly impactful on a larger scale and a small win for the company.

A Wave of Freshness

In our collective imagination, a wave represents a strong force of nature. Sometimes calm and peaceful other times tumultuous, water occupies an intimate place in which ecological concerns come to take root. If the wave on our bottles could talk it would tell you that it symbolizes cleanliness, foam, and effectiveness. Figuratively, the wave is our source of inspiration and wealth that must be thought of every day. Its beauty is present in every room where there is a water source in our homes, from the laundry room to the kitchen.

It’s easy to forget to drink enough water every day, it’s equally easy to forget that we waste water every day. In Canada, we’re privileged by its abundance from coast to coast, from the base of the Rocky Mountains in the West to the Gulf of Saint Lawrence in the East.

Let the wave on our bottles serve as a daily reminder throughout your household that water is precious and an essential part of our lives.

A Wave of Change

Just like our products, an actual ocean breeze does not smell like anything, yet it brings a sense of peace, wellness, and desire for change. Water scarcity is a worldwide challenge that is current and pressing, awakening a strong motivation for change. What if one day our entire product line contains no water and has no packaging?

 

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

Anie Rouleau, a Montrealer born to a business-oriented family, Baléco’s Founding CEO knows how to do business without compromising her values and convictions. That’s why she chose to redefine the notion of clean by creating a line of ecofriendly home and body care products designed for conscious living. Fervent defender of local sourcing, she sits on different committees, including Made in Montreal. Women leadership and ethics being causes close to her heart, she is a mentor for young women in business. She is also part of Quebec entrepreneurship promotion groups. Mother of two, Anie is driven by her desire to protect future generations. By investing in innovation and eco-design within an industry which sets his sight far from sustainable development issues, she seeks with Baléco to define tomorrow’s business as a transparent entity, respectful of its employees, the community and the environment.

 

Photo by Alexandra Côté-Durrer