Pascoe's potshots

Latest

LEADERSHIP: AVOIDING BLACK-SWAN DISEASE

published:2010-07-26 01:00:00

Nassim Nicholas Taleb, the best-selling economist and author of The Black Swan, is famous for his arresting insights. His recent postscript to The Black Swan is no exception: presenting ten lessons from the Global Financial Crisis. Above all, he recommends learning from “Mother Nature” – by making our

This Potshot has 0 comments:

Subscribe


Subscribe to RSS feed

Or receive Pascoe's Potshots weekly by email

Recent

LEADERSHIP: FOR SUCCESS – AND HAPPINESS

published:2010-07-19 01:00:00

Like Professor Clayton Christensen, I’ve faced a life threatening cancer and found it a crucible for clarifying my thinking about what’s important. The day

This Potshot has 0 comments:

LEADERSHIP: TRAINING AND DEVELOPMENT - BUT HOW?

published:2010-07-13 01:00:00

Due to a backlog of new registrations to work through this Potshot has been delayed by a day. Our apology to our regular readers

This Potshot has 0 comments:

LEADERSHIP: THAT ONE KEY LESSON

published:2010-07-07 01:00:00

How do you rate yourself on the following five actions? Showing self-awareness?. Demonstrating authenticity, integrity and compassion? Understanding and engaging people as

This Potshot has 7 comments:

Search Pascoe's Potshots

LEADERSHIP: FOR BOTH NOW AND LATER

Ensure you've got the skills needed for both today's slump and tomorrow's upswing
Quell rumours you're tired, out of date, not up to it: not worth following any more

Bad times are tough for everyone.  Fewer sales, lower margins, cancelled contracts - and, yes, lay-offs.  We're each under pressure - trying to find new customers, offer extra service, get bills paid, cut costs.  In sum, improving our effectiveness (in achieving goals) and our efficiency (in delivering them).  Doing more and doing it better - but with less!  This is true whether we're an engineer, front-line salesperson or work in the canteen.  But, it's doubly true for leaders.  You have to inspire and motivate people more than ever.  You've got to be a leader for today and tomorrow - not yesterday.  Which are you?  Here's how you can find out.

Self-leadership: how up-to-date are you on market and technical changes?  Can you coach your people and help them adapt?  Are you still rerunning old battles or winning the new ones?  If you can't reinvent yourself, how can you reinvent your business?

  • Vision: if you want your team to slog through the daily disappointments of the tough times, you must give them hope for a better future.  What's your light on the hill?  What will it look, sound and feel like for them, when they emerge out of this mess?
  • Stamina: to energise others, you have to model stamina yourself.  It's no time for armchair leadership.  Show them you can  face the angry customer, move product out, deliver service - walk the talk.  How well are you doing this?  What else could you do?
  • Decisions: are you taking the tough decisions: cutting waste, redirecting resources, retrenching excess staff?  It's unpleasant.  But, if you don't have the guts, don't expect others to.  When the chips are down, you are the culture.  How would they say you're doing?  How would they rate you on determination, accountability and honesty?
  • Engagement: great generals identify with their troops, and the troops identify with them.  Each boasts of the other's proficiency and bravery.  How well do your people identify with you?  What stories are they telling?  Are these strong enough to get them through?
  • Plan: I'm sure you've plans for most activities in your business.  But, what about your leadership?  No?  Well, to help you work out what you're going to do about all the above, I suggest your create a Leadership Action Plan?  NOW!

The economy will recover.  History shows it always does.  But, only a fraudster would guarantee when.  Some experts already see "green shoots".  Others say these are just flecks of mould on piles of rotting stock.  However, growth will return.  So there are two questions.  First: as a leader, have you fully adapted for the recession - being effective in the areas above?  Second: when things start to turn, will you have the courage and stamina to reinvent yourself - yet again?

Leading in business differs little from leading in other fields - whether you're the CEO of IBM, medical registrar at a local hospital or CFO of a national charity.  You have to stay abreast of developments relating to both your profession and your current responsibilities.  You also need to motivate people - and their needs change too.  In other words, leadership's a journey, not a destination.  And, with each cycle and stage, we adapt or die.

Categories for this Potshot:

GFC Potshots, Career planning, Attend to customers, Monitor and shape change, Show self-leadership, Excel as a technician, Define goals and outcomes, Model stamina and discipline, Take tough decisions, Show fairness and honesty, Create accountability, Engage people, Be EQ-effective, Develop plans and actions lists, Not-for-profit Potshots,



Dr. Timothy Pascoe AM
PhD (Cambridge), MBA (Harvard), BE & BEc (Adelaide)
Creator, V|E|C|T|O|R Leadership®

Did you enjoy
this article?
Subscribe to
RSS feed

Please comment on this Potshot

name
the name you enter will be displayed beside your comment
email address
this must be a valid email address. It will not be displayed
Comment
Conditions of posting: please feel free to post your views, but note that any post that is defamatory, contains bad language, or is spam will be blocked and deleted.

This Potshot has no comments yet