Strategy – Page 9 – Elisa K. Spain

It's That Time Again…

January 3, 2016 by Elisa SpainNo Comments

What time? In business we call it goal setting time. In our personal lives we call them “new year’s resolutions”.

Here’s how Webster’s defines each of these:

Resolution: “to make a definite and serious decision to do something”

Goal: “something that you are trying to do or achieve”

Hmm, resolution sounds much more committed and yet, the common lore is resolutions are broken soon after made. Why is that?

Here’s the process most follow for business goals:

we set goals for the period
we prioritize the goals and choose the most important to focus on
we identify the steps we, and our team, need to take to get there
we identify the dependencies that exist and order the process accordingly
we establish monitoring systems and milestones, so we know how we are progressing toward the goal

In short, for business goals we have a process and for those who follow the process, results follow.

In my experience, working with business leaders, some follow a similar process for personal goals and many do not.

I wonder what has to change in our mindset for us to begin to treat personal goals or resolutions as “definite and serious” with the same level of importance as we do our business goals?

For some, it is a health scare that reminds us that life is short and our families depend on us.

Is that really the only way to get from here to there?

What Our Vistage Members Want You to Know

Are Your Expectations Too High Or Too Low?

December 13, 2015 by Elisa SpainNo Comments

How do you know?

Sometimes we set our sights too low and don’t achieve as much as we can.
Sometimes we expect too much from ourselves and constantly feel as though we don’t measure up.
Sometimes we expect too much from our team or our key vendors and they feel as though they can’t please us.
Sometimes we expect too little or don’t ask for what we really want from our employees or our vendors and we end up taking on too much ourselves instead.

How do we know which it is? For me the litmus test is this…

How often are our expectations of ourselves or others met?
What does our gut say about that percentage? Too high? Too low?
What then is the next step to get our expectations in line with what is possible?

What Our Vistage Members Want You to Know

Right People At The Right Time…

November 22, 2015 by Elisa SpainNo Comments

Most of the clients I have worked with over the years founded their businesses; same is true for the members of my Vistage CEO group. These folks often join Vistage because they want to grow and build a professionally managed business. They are grateful and loyal to the folks that helped them get started. And, sometimes these two objectives are at odds.

The CEO knows in his head that change won’t happen without changing some key players. (After all, if the folks that are there were going to get you where you wanted to be, you would be there already). And, in his heart he is torn.

As humans, when confronted with substantial change, particularly within a structure, the mind tends to go immediately to “what am I going to lose?” Often there is much to gain, occasionally something to lose, but this is our mind at work, much less than the process at work. The question becomes, how do we overcome these fears and realize that forward progress only comes with transformation?

Here are some questions to consider, as you think about your own evolution:

Owner: Am I in the right role in the organization? Am I best suited to be the investor, the operator, or both?
Owner: The age old question, are the right people in the right seats on the bus to get to the destination I want?
Owner or Key Executive: Am I spending most of my time do the things that are in my genius?
Owner or Key Executive: Am I performing at the same level (or higher) today as I was when I began? If not, what change could I make so that I am?
Owner or Key Executive: Am I making decisions out of loyalty rather than what is best for the organization? If so, what is the cost? And what really is loyalty?… Are we doing someone (or ourselves) a favor keeping them (staying) in a role that we are not excellent at? How might the organization (or I) benefit by moving on if I am not performing?

What Our Vistage Members Want You to Know

As Time Goes By….

November 15, 2015 by Elisa SpainNo Comments

Lots of talk these days about the increasing role the millennials are playing in the workplace. At the same time, many boomers remain in the workforce. The result: younger people managing folks older than them.

Millennials tell me they often feel uncomfortable in these situations. Today, I was talking with a young man taking over a family business. He shared with me that while he is excited about the opportunity, he is wondering why none of the “seasoned guys”, who have been with his father a long time, wanted to buy the business from his Dad. He is also wondering how they feel about him being their boss.

While the dynamics of a family business are different, I hear the same story from millennials in all types of organizations. And, I remember when I too was in a similar situation. I was 24 and became the manager of 3 divisions of a large company. Two of the direct managers were older than me and one was my age. Turned out the most challenging one, as you may have guessed, was with Nevin, the one my age. He wanted the job I had.

Here is what I learned from this experience. It is up to both the manager and the now junior employee to make it work. The best situation for me was with Rita, a graceful woman 30 years older than me. Rita didn’t want my job; she loved the job she had. And, while I was her boss, I learned a ton from her. She was gracious in sharing her wisdom and I credit her with helping me become a better leader. Nevin was a bigger challenge; we had some rough waters for some time. What we learned was there was a place for both of us and we could learn from each other. The result, we remained friends for many years to come. When I moved on, he took over the role I had, and years later, I introduced him to a friend who helped him launch a writing and speaking career he had dreamed of.

If this resonates with you, whether you are the boss in this situation or the older or peer subordinate, what are you doing to make the extra effort to make this work for both of you?

What Our Vistage Members Want You to Know

As The Leaves Begin To Fall….

November 8, 2015 by Elisa SpainNo Comments

Those of us in the northern climates are enjoying the annual fall display. For me, it is a reminder of the cyclicality of life and of business. Time to reflect on what has passed, celebrate our successes and remind ourselves that whatever may have been our failures, we get an opportunity in the new year to begin again.

In my experience, putting some intentionality, around what I want to happen, ups my chances of being able to look back at this time next year and notice and measure progress and success. With that in mind, I offer these questions to consider before the year comes to an end:

What was one significant 2015 accomplishment?
Have I articulated my vision for my team and have I validated that everyone knows what it is?
What is our theme for 2016?
What are our specific business objectives for 2016?
What are the specific initiatives (action items) for achieving these objectives?

What Our Vistage Members Want You to Know

Tell Me A Story…

November 1, 2015 by Elisa Spain1 Comment

We humans seem to learn best, relate best and connect best, with stories. As children we learn the culture and norms of our society from fairytales and fables told by our parents. In the beginning of communities and societies, we told stories to the members of our “tribes” to initiate them into the tribe.

In organizations, we learn the culture and norms of our company from stories. For our teams and our customers, the stories they hear about the company and the stories they tell about the company matter. And today they share stories within their social networks, spreading the stories so much further than was possible before (via Yelp, Glassdoor, Twitter, to name a few).

The questions that come to my mind are:

What stories are you telling yourself, your team, your customers?
Are you intentional about the content of these stories and who you are telling them to?
What greater impact could you have by telling stories and fables of your own?

What Our Vistage Members Want You to Know

How Do You Keep Your Mojo?

October 18, 2015 by Elisa SpainNo Comments

Sometimes the demands of one part of our life, work or family, consume us. Sometimes because of a crisis, sometimes because of a spike in workload or children’s sports or…, sometimes just because we become consumed.

These days, mobile devices link us 24/7 to the office, our bosses, our employees and coworkers. We are, as I heard it said recently, living in time poverty. It may be necessary, now more than ever, to pause, regroup and allow ourselves to do something counterintuitive; listen to music, go sailing, jogging, practice yoga, make pottery or simply go for a walk.

Why counterintuitive? Because our responsible self says, stay with it, do the work, finish the project, take care of the sick loved one, etc. We tell ourselves its selfish to do something for ourselves “at a time like this”.

If we think of our lives as a three legged stool….when one leg is gone, it won’t balance and falls over. We can’t take the pressures of work and family and go back and forth between them alone….that’s where the third leg, a completely different activity that is our individual interest alone, comes in.

At the height of World War 2 when the pressures were immense, President Roosevelt would escape to his stamp collection for an hour or so, doing something completely different. General George Marshall would ride horseback many mornings to relieve the pressures of his job of building and leading an Army of 8 million men and women.

Think about it—

What is your third stool leg to balance your life?
How often are you trying to balance on only 2 legs?
How might you feel if all three legs were grounded on most days?

What Our Vistage Members Want You to Know

The Gift Of Feedback

October 4, 2015 by Elisa SpainNo Comments

Feedback is a gift. It is an opportunity for personal development and ultimately leadership development. And, it is hard; Very hard.

Not sure which is harder, giving feedback or accepting it. Recently I was with a small group of Vistage Chairs, several of us long tenured, and we were discussing this very topic. In fact, we spent a couple of hours working with each other to improve our skills at both. I mention long tenured, as a reminder to myself, that no matter how skilled we think we are at this, it is hard, and requires constant practice.

Here are the reminders I heard…

When giving feedback:

You can earn trust with truthful, specific, positive feedback (TSP as speaker, Michael Allosso, calls it)
When giving constructive feedback, ask first if the receiver is open to feedback
Even better, wait until the feedback is asked for
Own your experience, share feelings and observations; be specific
Use neutral language e.g., my experience of you… or When you do…, I feel…
Remember the purpose of feedback is to share your experience of another person, not to “fix” the other person

When receiving feedback, remember it is a gift

Ask for feedback, and be specific about the purpose, e.g., I want to become more effective at…
Listen and digest
Try not to defend or respond except to simply say, thank you.

What Our Vistage Members Want You to Know

Better, Better, Maybe Not?

September 20, 2015 by Elisa SpainNo Comments

The notion that we can constantly make ourselves and our companies better, in theory, is a great idea. But when does it become too much?

For me, the best way to answer this question is to notice our strengths and work to enhance them. In my Vistage work and as a leadership coach, I refer to this as discovering and working in our genius.

Sometimes we become so focused on achieving that we are never able to appreciate who we are or what we and our people have already accomplished. When we’re constantly reaching, rather than occasionally being satisfied with what we have in front of us, that’s a recipe for perpetual dissatisfaction.

For me, the best way to avoid the “better, better, better” trap is to ask the following questions:

What are we, as a company, already good at? Are these the things our customers value?
Among the things most important to our customers, what are we good at and what do we need to do to become excellent at these?
Of the things we are not good at and striving to improve, what can we outsource, or simply stop doing?

Once we know and understand what we are good at, and focus on that, not only do our companies and our people become more effective, we become more satisfied and ultimately become better leaders.

What Our Vistage Members Want You to Know

How Does Your Company Handle Conflict?

September 13, 2015 by Elisa SpainNo Comments

Which of these describes your culture:

Conflict is out in the open; we respectfully disagree in meetings and discuss the issue until we reach resolution or acceptance
Conflict is handled by the boss; we all agree in the meeting and then lobby our position to the boss afterwards and he or she resolves the conflict
Conflict is buried; we all agree in meetings, whoever is the leader decides and if we disagree, we keep it to ourselves

If your company operates under either #2 or #3 above, what is the cost?

What new ideas or innovations are being lost when people are afraid to speak up?
What is most important to you as a leader, being right or being effective? How does this show up in how you respond to conflict?
Are high potential team members giving their all somewhere else in their life? Or even leaving to contribute somewhere else?
How much are you leaving on the table that might be there for the taking, if people argued for the best answer?

What Our Vistage Members Want You to Know