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Choosing Certainty over Clarity

By Charlie · Comments (0)
Sunday, June 3rd, 2012

At this month’s Executive Express-o, a gathering of small / mid-sized business owners from the area, we discussed a concept from Patrick Lencioni’s book “The Five Temptations of a CEO”. I highly recommend his books and “The Five Temptations” is particularly good for the leader of an organization who might be looking for a way to increase his or her effectiveness.

The third “Temptation” is “choosing certainty over clarity”. The way I understand what Patrick is saying, CEOs that are succumbing to this temptation have a hard time bringing themselves and/or their organization to a decision in a timely manner. He suggests that you may be choosing certainty over clarity if you answer yes to one or more of the following questions:

  • Do you pride yourself on being intellectually precise?
  • Do you prefer to wait for more information rather than making a decision without all the facts?
  • Do you enjoy debating details while in a decision-making process?

The Express-o group began with a brief discussion of what we see as the traits of a successful entrepreneur:

  • Analytical
  • Aware of his or her limitations (there was quite a discussion on this, the more successful entrepreneurs are)
  • Charismatic, likeable (and like being likeable)
  • Creative, visionary
  • Highly intellectually capable
  • In charge, driven
  • Makes considered decisions
  • Not lacking in ego or confidence
  • Persuasive

We did come to a consensus that the traits of a successful entrepreneur could easily lead him or her to choosing certainty over clarity. Other causes could include fear of failure, or more likely, fear of making less than the “best” decision. We agreed that lack of financial strength could add significantly to the leader’s desire for more certainty.

The meat of our discussion focused on the risks and rewards of choosing certainty over clarity. There seemed to be a general agreement that moving forward upon reaching clarity was preferable to waiting for certainty in the decision-making or similar processes of running a business.

Awaiting certainty can be limiting in terms of the capacity of the individual or organization to create progress. Valuable time is lost in seeking certainty; it has been said that in the research process, 80% of knowledge is gathered during the initial 20% of the time invested. Of course the problem is, it’s hard to know when you have reached clarity or gotten to that 80% of the knowledge in 20% of the time target. I think, in hindsight we can all see when we have invested more time and research the necessary.

On a positive note, the closer to certainty the individual and organization gets, the more likely the buy-in of everyone in the organization.

Another significant nugget of the conversation was the concept that after making a decision or deciding on a course of action the organization shouldn’t stop asking questions and gathering information. It’s often necessary to rethink your decision given additional information and clarity.

There was a question raised about accountability. What are the ramifications of making a less than fully successful decision in your organization? Are your employees rewarded for taking risk that doesn’t pay off? …or do they receive negative feedback? It seemed to the group that the leader of the organization as well as his or her employees needs to feel the freedom to make a carefully considered and rational mistake. In addition most people need to be encouraged to overcome the desire to make the “best” decision.

The general conclusion: It is the leader’s responsibility to recognize when enough clarity has been gained and promptly step up and make the decision. We agreed that the leader needs to put his or her concern for image and ego aside, take a risk and make a timely decision. An the vast majority of instances the business will be positively rewarded.

How does it work in your organization? How do you strike the balance between making a solid decision in a timely manner as opposed to making the best decision after too much time has elapsed?

Comments (0)
Categories : Business, CEO, Execution, Leadership Development
Tags : business goals, business objectives, CEO Accountability and Leadership, CEO Coach, change, Leadership, leadership development, Procrastination, Tips for Chief Executives

Value for CEO’s – From CEO Peer Advisory Group Members

By Charlie · Comments (0)
Tuesday, February 7th, 2012

I am faced daily with the challenge of communicating the value members get from their participation in a peer advisory group. So in this blog entry you are not going to hear from me or read my perspective on this topic. Instead, I’m going to direct you to a collection of blogs from actual Vistage members talking about their experience and the value they get as a result of the investment of their time and development dollars. The following links are from actual members and probably represent only the tip of the iceberg of what you might find on the Internet to fill in the blanks on what it means to be a CEO peer advisory group member.

Mark Kolier has more than 25 years experience in direct marketing, advertising and production. He has led CGSM Inc. into offering full advertising agency services specializing in direct and digital marketing, creative, strategy and production, by taking a media neutral approach. In addition, he founded e-commerce application YourCover.com, developed in 2001, which is continually expanding its product line. Read about his Vistage experience here: http://blog.cgsm.com/2011/12/09/vistage-%E2%80%93-a-ceo-network-that-gets-personal.

MP Mueller is the founder of Door Number 3, a boutique advertising agency in Austin, Tex. She is a relatively new Vistage member and speaks knowledgeably about the values and culture of a Vistage peer advisory board. She has written two columns that have recently appeared in the New York Times. http://boss.blogs.nytimes.com/2012/01/13/why-i-decided-to-join-vistage/, http://boss.blogs.nytimes.com/2012/01/20/its-not-quite-as-lonely-at-the-top/.

Jay Goltz, also in the New York Times blog, offers his advice on how to select the right business group. Although his blog is not specifically directed at Vistage, I recommend it highly. If you’re thinking about joining a peer advisory group; his advice is spot on. http://boss.blogs.nytimes.com/2010/05/05/how-do-you-pick-the-right-business-group/.

Please share your experience and advice with my readers. The strength of the experience is learning from each other.

Comments (0)
Categories : advisory board, CEO, Leadership Development, Vistage
Tags : advisory boards, CEO Coach, leadership development, Tips for Chief Executives

Your Leadership Role, the New Year and Change

By Charlie · Comments (0)
Tuesday, January 3rd, 2012

What makes a CEO a great leader and great CEO?  Tenacity?  Vision?  Integrity?  We all like to think we have these great qualities; and we do, they exist in our inner CEO – (the Steve Jobs voice that goes off in our heads from time to time).  The business owners and CEO’s that I work with all have great potential for successful leadership; the issue is often some combination of balance, focus and / or priority:  all facets of their talents are not exercised consistently.  They seem to start out with a singular focus to tenaciously work harder and harder to improve the bottom line, they push the team to get the best results.  Sometimes, often all too briefly, they don their visionary hat.  Hopefully, at other times they recognize the need and make the right decision even when it’s difficult.

You probably have a strong belief that the harder you work the better your results get.  I, also, believe this is true but only to a point.  You also know that change is a part of the game.  It absolutely is!  How do you recognize when change is influencing you and your business?  How do you react to it?  How do you lead through change?  I believe that by working smarter you will get better results than when you simply work harder.  There is a trite but, I believe, true saying that to maximize results the business leader must spend time working on his business not in his business.  The most successful CEOs that I know also believe this is the case.  They invest time in planning, developing a vision for the future, setting goals and objectives for themselves and their organizations and tracking progress toward their long-term vision.

The New Year is here with new challenges!  Are you exercising your inner CEO?  Are you investing toward a long range vision?  Can you see changes coming?  Is there a better way, a smarter approach that you may not be taking?  How can you be more efficient, more effective?  Are you taking a balanced approach to the leadership of your business?  Are you effectively holding yourself accountable to lead change rather than react to it?

The New Year is a great time to ask these questions.  What are you going to do differently in 2012 that will bring positive change to your business?

Of course, because of the work I do I’m a bit biased.  I have two suggestions for you to consider:

  • Joining a peer advisory board will bring you new perspectives on your business and help keep you focused on your strategic, growth objectives.
  •  A CEO Coach is also a great sounding board for these types of questions and discussions. A CEO Coach can help you balance your view and help you think around and through “a new box” or a new idea that has been percolating.

So I ask again: What are you going to do differently in 2012 that will bring positive change to your business?

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Categories : advisory board, Business, CEO, Execution, Leadership Development, Strategic Planning
Tags : CEO Coach, change, Leadership, New Year

CEO DECISION MAKING

By Charlie · Comments (0)
Wednesday, December 7th, 2011

As a CEO, how would you rate your decision making?

How do you do when it comes time to be decisive? When you have to make a tough decision, are you prepared and confident to make the decision proactively, or do you, like many leaders, take too much time and draw out the process pondering the imponderables?  Several months ago, I caught a quote I really like in an unlikely place:

“People worry too much about making the wrong decision

when what they should really worry about is not making any.”

Henrietta “Hetty” Lange, NCIS Los Angeles

Well in life and especially in business, tough decisions are not easy.  As a CEO or the president of the company you have to be confident and capable when it comes time to implement those decisions. Tough decisions usually come from situations, issues and opportunities that represent tough choices. And when we find ourselves as business leaders and executive decision makers faced with tough decisions we need to act and act reasonably quickly with purpose and focus. This is an important component of successful leadership.

Leadership involves planning and the ability to anticipate, to see around corners.  Now without beating the drum of the ant vs. the grasshopper there is something to be said for preparation and planning. Preparation is invaluable when it comes to CEO decision making. Leadership skill development and confident decision making are the two key objectives of the investment we make as members of a Vistage Peer Advisory Board.  The members of a Vistage Board meet regularly to support each other in making and implementing the tough decisions that will make a positive difference in the strategic success of their companies.  When a great opportunity presents itself or a  crisis is looming, the board is already familiar with the member’s business and can effectively and efficiently help the member sort through the dynamics of the situation and then take action with confidence and a focus on results.

What is your experience?  How do you bring confidence and efficiency to your decision making process?

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Categories : advisory board, Business, CEO, Execution, Leadership Development, Vistage
Tags : CEO Coach, Leadership

The CEO with a Business Plan is Like a Great Coach

By Charlie · Comments (0)
Friday, October 7th, 2011

In New England, we have been fortunate to have some great sports teams, and this has been true especially over the past decade.  The combination of leadership, coaching, decision making and talent has led people to call Boston “Titletown” and help people see the city as a winning city when it comes to sports teams.  This may have shifted dramatically with the Red Sox recent inability to make the post-season. But it’s worth looking at from a business planning perspective.  It’s easy to see what happens when we fail to plan for what can go wrong. A business can fail just as easily and quickly as a sports team.

Boston also is a great hub of technology and life sciences and the analogy of coaching carries over to the world of CEOs. A CEO who can plan and then marshal the resources to build a business is very much like a great coach. And just like the coach, the CEO is always under pressure to perform, to win, to drive revenue and profitability. Many entrepreneurs and CEOs thrive on their own raw talent to build a team and climb the mountain that is building a successful business. The drive to lead is part of their fiber and often times they lead with instinct and charisma. However, even a great natural leader can fail when their business lacks proper planning.

A great CEO understands that a plan is integral to successfully leading a business. And this is true no matter how small your business. A business plan serves to help set clear objectives and it can build momentum and reinforce for your team that the business is clearly heading in a direction of growth and success. A plan is a vision set in motion. A plan is also a great way to show a partner or investor that you have thought through what you are doing and where your business is headed, what the upside is and what the realistic assessments of risk are.

Don’t have a Red Sox September; put your best possible business plan in place, now!

Comments (0)
Categories : Business, Leadership Development
Tags : Business Planning, CEO Coach

How to Choose a CEO Coach

By Charlie · Comments (0)
Monday, July 18th, 2011

OK, so you have finally decided to take the leap and hire a CEO Coach. You could have one or more of several great reasons for going ahead with this important and potentially life changing decision. As you enter the process, I suggest you consider the following questions:

• How do I feel about the personal chemistry between the coach and myself? Will we be able to communicate relatively easily? Having posed these questions, I do not suggest selecting a coach that thinks like you do….

• Will the coach bring a perspective to the discussion that I do not have? If you are an engineering type and your coach comes from the same background and experience, you and he/she will come up with variations on the same theme, so to speak.

• What kind of experience does the coach have relative to the business I am in and the issues I am facing? Do I need a generalist to help me with a variety of issues or do I need a specialist for a specific task (like a quality certification, for instance)? What is the extent of the network that the coach has available if we should need additional expertise?

• Is he/she experienced and successful? What do clients say about him? Speak personally with current and past clients to compare notes about your expectations and their experiences.

• Will the coach hold me accountable? Am I OK with that? If the answer to either of these questions is “no” or “probably not”, your investment of time and money will be wasted.

• What will happen if two or three months into our work together, I discover things are not going well. Will we be able to easily course correct? How? If I want to, will I be able to discontinue the engagement without onerous cancellation fees?

In order to get comfortable with the answers to these questions and to make a solid decision, it is usually necessary to spend at least a couple of hours together, maybe more. This is a mutual selection process. The coach is not interested in being retained and then being terminated three months later because the two of you didn’t do enough work up front. Schedule a quiet few hours when the two of you can talk without interruption to fully understand the current situation and the desired future position (for instance: what describes success at 3 months, 6 months, 1 year, 3 years in the future?). There should be no charge for this introductory session. It is really a selection interview during which the two parties get a chance to reflect on questions like those above and access the likelihood that the two parties will be able to work together successfully to meet the CEO’s objectives. If the prospective coach doesn’t have the right skill set, he or she can likely make a few helpful suggestions and refer you to someone else that might be able to do a great job.

You have made a great decision to retain a coach, now make a great selection!

Comments (0)
Categories : Business, Leadership Development
Tags : CEO Coach

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