November 2008

7 Leadership Skills You Must Want to Have

November 24, 2008 by Marshall Goldsmith   Comments (0)

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leadership

Here are the seven "must have" skills you need to be a good leader.  I was asked what advice I have for a leader when their boss says they need to exhibit more self-confidence while still being collaborative and authentic. This is a great question.
7 skills of leadership
I rarely encounter this issue in my work with CEOs and potential CEOs because people at the top of huge organizations don’t often have self-confidence problems. But I have had several inquiries lately about helping future leaders who need to demonstrate more self-confidence.

Here are a few suggestions that I give leaders who have self-confidence issues:

1. Decide if you really want to be a leader. Many of the MBAs who report self-confidence issues are brilliant technicians. They often find the uncertainty and ambiguity of leading people very unsettling. They are looking for the “right answers” – similar to the ones in engineering school. In some cases, brilliant technical experts should continue to be brilliant technical experts – and not feel obligated to become managers.

2. Make peace with ambiguity in decision making. There are usually no clear right answers when making complex business decisions. Even CEOs are guessing.

Marshall Goldsmith Effective leadership dvd 3. Gather a reasonable amount of data, involve people, then follow your gut and do what you think is right.

4. Accept the fact that you are going to fail on occasion. All humans do.

5. Have fun! Life is short. Why should you expect your direct reports to demonstrate positive enthusiasm, if they don’t see it in you?

6. Once you make a decision, commit and go for it. Don’t continually second guess yourself. If you have to change course, you have to change course. If you never commit, all you will ever do is change course.

7. And finally, demonstrate courage on the outside, even when you don’t feel it on the inside. We are all afraid on occasion -- that is just part of being human. If you are going to lead people in tough times, you will need to show more courage than fear. When direct reports read worry and concern on the face of a leader , they begin to lose confidence in the leader’s ability to lead.

Originally published in Harvard Business Online, 2008.

Life is good.

Marshall

Feedback, Honesty and Change

November 23, 2008 by Marshall Goldsmith   Comments (0)

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If you really want to know how your behavior comes across to your colleagues and clients, stop looking in the mirror and admiring yourself.

Remember the character Gordon Gekko in the movie Wall Street? Michael Douglas won an Oscar for his portrayal of this rude, larcenous wheeler-dealer. Well, I worked with a real-life investment banker who in some ways could have inspired the Gekko character.

A significant part of my practice as an executive coach is working with supremely successful people who getting honest feedback and making positive changemay need to change some behaviors to achieve the next level of success. The man I coached -- let's call him Jim -- wasn't amoral and unethical like Gekko, but he had the same competitive fires.  He sometimes treated people like gravel in a driveway. They were the pebbles; he was the SUV. Jim's score for treating direct reports and colleagues with respect was an astounding 0.1%. That is, out of 1,000 managers rated, he was dead last!

 

Effective Leadership Skills DVD with Marshall Goldsmith

But Jim put up equally astounding numbers with his trades. His profit contribution was so vast that the CEO promoted him to the company's management committee. This should have been the apex of Jim's young career. Instead, it exposed his bad side as well. The firm's leaders, who had been insulated from Jim's behavior, were suddenly in a position to get a firsthand dose of his "lead, follow, or get out of my way" style. In meetings, they saw that there was often no checkpoint between Jim's brain and mouth. He was surly and offensive to everyone, even mouthing off to the CEO (his biggest supporter), who finally called me in to "help Jim change now."

When I met Jim, he was clearly delighted with his success. He was making over $4 million a year, so professional validation was coursing through his veins like jet fuel. I knew that breaking through to Jim by challenging his performance would be tough. He was clearly delivering financial results. So I sat down with him and said, "I can't help you make more money. You're already making a lot. But let's talk about your ego . How do you treat people at home?"

Jim insisted that he was totally different outside the office, that he was a great husband and father. "I don't bring my work home," he assured me. "I'm a warrior on Wall Street but a pussycat at home."

"That's interesting," I said. "Is your wife home right now?"

"Yes," he said.

"Why don't you give her a call and see how different she thinks you are at home than at the office?"

He called his wife. When she finally stopped laughing at her husband's statement, she concurred that Jim often acted like a jerk at home, too.  The kids agreed as well!

"I'm beginning to see a pattern here," I said. "As I told you, I can't help you make more money. But I can get you to confront this question: Do you really want to have a funeral that no one attends other than for business reasons?"

For once, Jim looked stricken. "They're going to fire me if I don't make my numbers, aren't they?" he asked.

"Not only are they going to fire you," I said, "but several people will be dancing in the halls when you go."

Jim thought about that for a minute and then said, "I'm going to change, and the reason I'm going to change has nothing to do with money and it has nothing to do with this firm. I'm going to change because I have two sons, and if they were receiving this same feedback from a person like you in 30 years, I'd be ashamed to be their father."

Within a year, Jim's scores on his treatment of people shot up past the 50th percentile, above an already high company norm. He probably deserved even better, since he started so far down in the ditch. He also doubled his income.

The lesson: Our flaws at work usually don't vanish when we go home.

The moral: Anybody can change, but they have to want to change.

Sometimes you can deliver that message by reaching people where they live, not where they work.

The action plan for leaders (and followers):

If you really want to know how your behavior comes across to your colleagues and clients, stop looking in the mirror and admiring yourself.

Let your colleagues hold the mirror and tell you what they see. If you don't believe them, do the same with your loved ones and friends -- the people in your life who are most likely to be agenda-free and who truly want you to succeed. We all claim to want the truth. This is a guaranteed delivery system.

Life is good.

Marshall