Healthy Mind, Healthy Body = Healthy Business

by Elisa SpainNo Comments

 

I recently heard a CEO say “when I am healthy, my business is healthy”. And then over the weekend, I watched this TED talk Why We All Need to Practice Emotional First Aid.

I have been thinking about both the CEO’s statement and this TED talk in the context of CEOs I have known or observed over the years. My reflective observation is, he is right; there is a strong correlation between the health of the leader and the health of the business.

In the public company arena, we see the impact on stock prices when the CEO becomes physically ill.

In the private company arena, where most of the CEOs I work with reside, those that focus on their health and fitness are the ones that lead successful companies. I have watched CEOs move from poor mental and/or physical health to good health and back again and observed the company performance move in tandem.

While a component of health is genetic and beyond our control, research continues to show that lifestyle, nutrition and fitness are directly related to emotional and physical health.

So, as we go through our daily busi-ness, what can each of us do to pause, reflect and recognize we have a fiduciary responsibility as leaders to practice both physical and mental hygiene?

The Power Of Shared History

by Elisa SpainNo Comments

 

A couple of weeks ago I attended the Vistage Chair Conference and spent an evening with 9 senior women chairs. All of us were at the gathering at the invitation of one of the people present, i.e. we all knew at least one person and none of us knew everyone. We talked about a lot of things and then serendipitously began to share stories about challenges early in our careers. In the spirit of full disclosure, the stories mostly were about challenges of being young women faced with inappropriate situations in male-dominated companies.

A few days later I had a conversation with a male chair who is a longtime friend and mentor. I was telling him what a wonderful time I had with the other women earlier that week.

I told him about our shared history conversation and the direction it took. After telling him a few of my stories, he then shared his own stories from the other side. Such as when he was in a leadership position and falsely accused, offered sexual favors, etc. I was struck by the reminder that the more we share, the more common ground we find. And, that these stories are really about the personal side of business.

Like me and my women colleagues, my male colleague had several stories to tell. We talked about how these stories shape us, and that for women and people of color, because of the power equation, sometimes they shape us more.

I was struck by the value of shared histories in creating connections and overcoming stereotypes.

Wouldn’t it be cool to sit at a table with men and women, and people of all colors and backgrounds, and tell our shared histories of career and life challenges that shape the people and leaders we have become…?

Can A Focus On Culture Produce Financial Results?

by Elisa Spain1 Comment

 

In 2014, the theme for my Vistage groups was All That Matters is Culture. We talk about culture a lot in Vistage and we have several speakers that focus on this topic. Certainly we can all agree that focusing on culture creates a more consistent workplace. I say consistent, rather than harmonious, because as we learned from Vistage speaker, Edgar Papke, each culture is different – The important thing is to know what your culture is, hire accordingly and ensure your culture (inward facing) is consistent with your brand (outward facing).

And…when we went around the table at the end of the year, two of my CEO members shared that they had their best year yet (both had been in business 15+ years). When the other members asked the reason, both said, without hesitation, “because I focused on culture more than anything else this year. I got rid of the cancers. Everyone who is with my company today reflects the culture. I see it, the customers see it, and frankly to my surprise, the bottom line shows it”.

In one case, one of the CEOs fired his #2 producer. A risky move, so he thought. In fact, he even expected a down year as a result.  He decided the risk was worth it.

Good thing he took the risk because… he was one of the CEOs to report the best year ever.

Elisa K. Spain

Is Coaching For Me Or For My Company?

by Elisa SpainNo Comments

 

As a leadership coach, working with both CEOs and senior executives, I am sometimes faced with this question:

  • Is leadership coaching for the individual or
  • Are there specific results this individual is expected to produce for the company?

For CEOs, the answer to this question is usually easy, the development a CEO gains from coaching usually has a direct correlation with results in their business.

For a senior executive, the question is more complex, both for me and for their sponsoring manager.

As with most things, getting clear upfront about your intentions and expectations will yield better results. Here are some questions to consider if you are either the senior executive or their sponsoring manager:

  • Is coaching for your general professional development?
  • Or are there specific expectations that coaching is expected to address and that you will be accountable for?
  • What is the contract between you and your coach?
  • What is the contract between you and your sponsoring manager?
  • As the executive in coaching, how will I demonstrate or communicate progress to my manager?
  • As the sponsoring manager, how do I want to be kept informed of progress?

 

 

When The Obvious, Isn't Obvious…

by Elisa SpainNo Comments

 

Simplify, simplify… These are the watch words of our world today. The more complex our society has become the more is written on the benefits of simplification.

And, I have begun to wonder if the complexity of our society is also leading us to forget to look for simple solutions when things aren’t working right. The obvious sometimes is missed, along the way to finding a solution.

The following experience happened awhile back and I often use it as a reminder to pause and look first for the obvious, even when it may not at first seem so obvious.

My internet service was continually cutting out. It would go down for a few minutes, sometimes an hour or so, and would always come back on its own. This went on for many months. I called for service repeatedly, the provider sent technicians out repeatedly. They replaced modems, they replaced wires, they really tried to fix it. I became convinced the problem must be with the wiring in the building so I hired an independent company who came out and checked the internal wiring. Everyone who was here, and there were lots of people, all said it should be working. But it wasn’t.  

Finally I called a technician who had been out for another issue in the past. I had saved his name because he was particularly helpful. I told him the whole story and he sent his supervisor out. The supervisor asked a few questions, listened to my story and then solved the problem in 5 minutes.  

How did he do it?

This sounds like one of those brain teasers doesn’t it? Actually, I guess it was. What he did was simple. He asked a few questions, he really listened to my answers, and then looked for the obvious. There was a loose wire where the system was attached to the building. He tightened the wire, and I have not had a problem since!

My takeaway from this … when something isn’t working, in business or in life;

pause, ask questions, listen carefully to the answers….and then search first for the obvious explanation.

 

 

 

The Oft Unheralded Challenge Of Change

by Elisa SpainNo Comments

 

Leading change in an organization is full of challenges. Most of these challenges are associated with creating a vision, inspiring action, achieving buy-in, and sustaining the change. John Kotter, noted for his work on this topic, offers an 8 step process that offers an excellent roadmap.

I am noticing a 1/2 step challenge of change, that while banal, can derail a change initiative when ignored. This oft unheralded challenge is simply that everyone hears through their own filter, and therefore the actions we see are not the actions we expected. Obvious perhaps, and yet when leading change, we sometimes think that things are not happening the way we want because people are resisting.

  • Sometimes, they simply didn’t hear
  • or what they heard is different from what I thought I said
  • or they need to hear it more than once; 7 times I have been told is the magic number
  • or they need to do it more than once, or even twice, to “get it”
  • or we simply need to allow time for the change to settle in

So, next time, before calling out a “resister”, first pause and ask them what they heard.

 

 

Elisa K. Spain

Another View On Co-Accountability?

by Elisa SpainNo Comments

2014-11-07

Last week, one of the members of my CEO group sent this Facebook post to the group. And, much like the comments on the actual post, there was a mix of “isn’t this cool?” to the cynical, “what if the person has never done anything positive?”

The discussion caused me to pause. Vistage speaker, Michel Allosso, talks about giving a person TSP: Truthful, Specific, Positive feedback. Do it enough, he says, to earn the right to give constructive feedback. While Vistage Speaker, Balaji Krishnamurthy, teaches us co-accountability: The key to a successful organization is when members of our team have expectations of each other and hold each other accountable for meeting them.

What this Facebook post says to me is, perhaps the answer is to combine the two. I wonder if in the story I told last week, the reason Southwest Airlines has both a collegial and a co-accountable culture is because they combine both TSP and co-accountability…

  • Imagine what would happen in your organization if you had both?
  • What one action step might you take today to begin a journey down this path?

Elisa K. Spain

 

 

The Emperor's New Clothes

by Elisa SpainNo Comments

 

I have come to realize, duh… that the fairy tales we read as children were intended to prepare us for our adult lives. (Robert Fulghum was right, All I Really Need to Know, I Learned in Kindergarten).

A couple of weeks ago I wrote about The Other Side of Success, when confidence becomes hubris. The Emperor’s New Clothes is, in my view, the ultimate risk of this hubris.

The Emperor’s New Clothes is a short tale by Hans Christian Andersen about two weavers who promise an Emperor a new suit of clothes that is invisible to those unfit for their positions, stupid, or incompetent. When the Emperor parades before his subjects in his new clothes, a child cries out, “But he isn’t wearing anything at all!”

The emperor is so vain, he believes the tale. The adults are afraid to tell him the truth for fear the outcome may have consequences for them. Only a child tells the truth; he is too young to realize he is taking a risk by doing so.

To be a successful leader, one must be confident, have the courage to move forward even when questioned. And at the same time, the successful leaders I know also ask for feedback. They are constantly in touch with their constituents – customers, employees, vendors, advisors, family (after all it was a child that told the emperor the truth).

Recently I heard a new CEO talk about the changes he had made since assuming his position. He was proud of those changes and went on to say, “things are better because of these changes”. Yet, he hadn’t ever asked his users (customers, employees, vendors, etc.) what they thought. He believed it to be true, just like the emperor. I later had the opportunity to hear from some of his constituents, and they had a different perspective. For them, the changes had made their work more challenging. Which is true? I don’t know. What I do know is most of his stakeholders are telling the CEO what he wants to hear, not what they truly feel and believe.

Years ago, I saw the effect of this first hand. I was working in the investment business and several of the large institutions, like ours, decided to install a new software system for managing trust accounts. The system was built by a small company and it turned out they were better at marketing than at software development. Our largest competitor at the time was the first to “go live” with the new system. It was a disaster, such a disaster that they ultimately exited the trust business. I remember saying to my colleagues at the time “someone, probably several people, at that bank knew this was going to fail and they were afraid to speak up”.

I leave you with these questions:

  • What are you doing to solicit honest feedback in your organization?
  • What are you doing to foster an environment where your customers, employees, vendors and other stakeholders feel they can provide feedback without fear of consequences?
  • Do you have a “child” in your company and your life who is willing to tell you that you are naked?

Elisa K. Spain

 

The Other Side Of Success

by Elisa SpainNo Comments

Opt 3 Sept 21

When does confidence become hubris?

So much is written about the importance of confidence and yet, there is a dark ugly side too. We see it every day in the press – rock stars, sports stars, politicians and others, who have so much confidence that they begin to make choices out of hubris.

Well, we say, they are stars, this doesn’t happen amongst “regular leaders”. And, while we may want this to be true, my experience is, it happens in every arena where leaders are successful.

We all know the leader that made it big and acts as though s/he has the “Midas touch”. After the one success they believe everything they try, everything they touch will be the same. Or, they feel the need to tell everyone about their accomplishments, and they don’t feel the need to listen. After all, they already know it all; they accomplished what others have not.

We also know the leader who despite success after success is humble. Who, when asked how they accomplished what they did, points to the people s/he has learned from, rather than their own brilliance. The leader who is on a lifetime journey of learning, who believes no matter what their accomplishments, they can always accomplish more by listening to others.

Which of these describes you?

Which do you want to be?

If your choice is the humble leader, what are you doing to stay curious and continue to learn?

What Happens When Steady-Growth Companies Stomp On The Gas Pedal?

by Elisa SpainNo Comments

Opt 3 Sept 14

When steady-growth companies decide to stomp on the gas pedal, especially with new leaders, it is convenient to assume the “old timers” are just fine and will take care of themselves while all else goes to growth. Be wary of unintended consequences…

When a company is young – it is all about growth – and everyone is in the same place. It is all about hunting (in the hunter/farmer view of sales). When a company is in steady growth, there is a mix of hunters & farmers, with an emphasis on farmers.

 

Then when there is a shift to fast growth, frequently with a new leader and/or new ownership with a new approach to governance, the focus shifts back to hunting, as with a start-up.

 

Except, it isn’t a start-up. There still are these established relationships between account managers and their clients. The needs of the tenured account managers and their tenured clients are different from the hunters bringing on new clients. Similarly, long tenured employees in operations, and other support areas, are particularly impacted by the refocus on growth.

 

It is convenient for leaders to assume the “old timers” are just fine and will adapt, while all else goes to growth. Not true. We all want to feel valued and important.

 

So the question for the leadership of any established company on a fast growth path is, “How do you engage, (i.e. win the hearts, not just signatures on legal documents) of high performers and key clients?”

 

And the question for a board of directors is, “What responsibility do you have to steward the growth strategy in a manner that does not result in unintended consequences to the culture?”