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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

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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

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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

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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

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LEADERSHIP: SHARP TOOLS FOR HARD TIMES

Protect and build capability, effectiveness, market position and productivity
Beware lazy, old-style thinking and last year's ideas, approaches and assumptions

What's the leadership equivalent of reaching for your Swiss Army Knife, and selecting the right blade?  It's creating a plan, and populating it with appropriate leadership actions.  Actions relevant to current challenges, not old ones.  Actions that convince people and build commitment.  Things that work, giving traction in this tough new environment.

If I interviewed your team, how much would they say you've shifted your thinking and leadership actions over the last six months?  Would they rate it as significant or not?  In terms of the organisation's journey, are they now more convinced and committed, or less?

With markets in turmoil, how clear is each member about where they're going and why.  Are new goals defined and specific?  Is everyone aligned?  And, with cost pressures and personnel shortages, how many people still have clarity around where and how they all fit in.  Are relationships and teamwork requirements clear?  And, across all areas, how deeply have you embedded a capacity and willingness for learning and reinventing?

In sum, are you (and your team) winning?  Or, is the market - and your competition?

In disruptive times, these are fundamental challenges that need to focus your mind; and, drive every waking moment.  You need ruthless analysis and tough decisions.  You need relentless execution and manifest passion for bottom-line outcomes.

But, how?  My suggestion is to develop a Leadership Action Plan.  Look at the key questions worrying members of your team; and, find the right actions to answer them.  Sadly, in most companies, no-one develops a leadership (as opposed to a business) plan.  They don't work out what each leader (from CEO to front-line) needs to do so their direct reports and other colleagues know what the journey is, and have a clear basis for committing.

In a sense, my V|E|C|T|O|R Leadership® framework provides a Swiss-Army-Knife solution.  It offers a range of actions to address key follower questions.  And allows you, in an hour or so, to develop a plan - specific to the hard current and coming challenges.  It's your plan; and, you make the calls.  That requires honesty in defining your challenges; and, incisiveness and courage in selecting actions.  It’s not for the faint-hearted.  In that way, it's rather Swiss.

So, act sharp: cut yourself a plan!

Categories for this Potshot:

GFC Potshots, Monitor and shape change, Drive strategic rethink, Show self-leadership, Create goal alignment, Build teams and relationships, Take tough decisions, Push execution and follow-up, Understanding V|E|C|T|O|R,



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

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