The June 3rd, 2013 Leadership Development Carnival

Great Leadership By Dan

Welcome to the June 3rd, 2013 edition of the Leadership Development Carnival! Prioritising Short Term Profits 2. Short Term Thinking 3. In this post I’ll share 3 misconceptions entrepreneurs and business leaders should be aware when starting a company but also when starting a bigger project. You''ve heard of "speed dating"? Well, here''s your monthly dose of "speed leadership development". 30 leadership bloggers in 90 minutes.

How Need to Succeed Holds Back

Leadership Freak

Needy leaders choose short-term success over medium or long-term wins. Courage Fear Insecurity Personal Growth Success Taking others higher helping others Leadership Development leadership success personal success project goals The up side of the need to succeed is hard work and passion. The down side of the need to succeed is it blocks lasting achievment. Needy leaders: Make fear based decisions based on protecting themselves. Hold back others rather than release.

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What You Can Learn From Black Swans, Forecasting, and Idolatry

The Idolbuster

Taleb suggests that forecasts are a good way of charting possible outcomes, what is a potential large seller, but the actual outcome can’t be predicted, which is why every company should have a diversified portfolio of high risk and safer projects. (And Take a lower profile product or project that will bring lower stress. Another option, which I will explore in the next post, is to find a way to find a more flexible work environment that focuses on longer term results.

Profit From the Positive

CEO Blog

Time Management Tip of the Day: On the weekend, I had a large project I wanted to tackle. So, I did not start the big project. So my tip for the day: 1 - Break big projects down if possible. Often there are small parts of big projects that can be done. Students who said they wanted to complete a project were successful when they included when and where they would do the project. They talked about the balance between short and long term.

The Most Overused Word in Business

In the CEO Afterlife

Tactics are the ever-important short term decisions and activities that win battles and contribute to winning the war. Tim Cook and Steve Jobs before him were adamant in saying “no” to thousands of projects so that they could focus on the few that were truly meaningful to Apple. Strategy has to be one of the most misused words in business. The word is tossed around boardrooms and customer meetings with reckless abandon.

Eighth Annual Hay Group Study Identifies Best Companies for Leadership

Great Leadership By Dan

In times of rapid change, many companies lose their focus, failing to adequately engage and enable their current workforces as the organizations shift to achieve short-term or immediate objectives,” added Lash. Leaders work hard to connect people with projects that are personally meaningful to them. Hollywood has the Oscars, Television the Emmys, publishing has the Pulitzer prizes, and leadership development has its own annual awards.

Leading through Long Term Influence

Great Leadership By Dan

If a leader only has authority and is unable to influence others, then his leadership will be short lived. Other types of situations where influence may be needed include: • Changes to project plans • Support of proposals by upper management • Agree to new assignments and tasks • Provide necessary information in a timely fashion • Stop ineffective or negative behaviors The Power Use Model outlined by Anita Hall, Extension Educator ?and

Leaders Get The Innovation They Deserve

LDRLB

He adopted a style that was playful and bold, holding informal staff lunches – not to grill them on numbers and projects but to liberate creativity. Innovation is unlikely for those stuck in the short term. [Editor's Note: This piece is adapted from Max's book The Truth About Innovation.]. When the Disney CEO was asked to choose one winner from twelve finalists in an internal competition for new business ideas he responded: “Let’s just do them all!

The Strategy Confusion

LDRLB

Tactics are the ever-important short term decisions and activities that win battles and contribute to winning the war. Tim Cook and Steve Jobs before him were adamant in saying “no” to thousands of projects so that they could focus on the few that were truly meaningful to Apple. Strategy has to be one of the most misused words in business. The word is tossed around boardrooms and customer meetings with reckless abandon.

Re-Imagining New Leadership Possibilities in 2014:

The Empowered Buisness

Yet, in my 30 years experience of working with leadership teams and companies, the terms “vision,” “mission” and “values” are THE most overused, misunderstood and abused words in the business community today. Both of these visions are sadly bland and generic that they could have been thought of by high school students as a homework exercise for their economics project. They are overwhelmed with short term demands at the expense of long term possibilities.

What makes high performance teams?

Mike Cardus

Whether you are teaming , project focused , developing corps ( people with specialized skills sets brought together short term, with clear accountability and authority, to complete a task ) these 4 things will make a difference. High Performance Teams come from systems-that-drive performance from the individuals on the team. To be effective on an ongoing basis, teams need to be integrated within the existing structure of an organization.

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Build A Tower Build A Team. Corporate Team Building

Mike Cardus

Quick short-term feedback is better than delayed long-term feedback. _. Increased trust and speed of project completion and decision making as a team. Teambuilding has to be integrated into the existing team structure, culture and goals + objectives of your company. People must see the connection between the team building activity and their work. Create-Learning Team Building & Leadership specializes in just that.

Team Building and Leadership Development Simon Graduate School of Business

Mike Cardus

I am very proud to have facilitated for the 4th year in a row University of Rochester NY Simon Graduate School of Business Executive MBA Program.

Simon 96

Goals and do you know what you are supposed to do?

Mike Cardus

Means accepting and being accountable for the output of subordinates and team members if you are a manager / project manager / team leader you must know what you are supposed to do and be able to define what others are supposed to do. Meet with your subordinate Supervisor(s) and work with them to define 2 to 3 short term, less than 3 months goals (that align with your managerial goals). Goals and do you know what you are supposed to do ?

Goal 103

Management Coaching and Development. Situation, Objectives and First Meeting Plans

Mike Cardus

Their direct manager is noticing a lapse in time for responses to customers and project members, poor delegation of tasks and prioritization of incoming and outgoing work, plus increased signs of stress with the employees. Enhanced performance of skills: Project management – developing a process for prioritization of incoming work and outgoing communication. Delegation of short-term tasks, to free up time for the areas they have control over.

7 Secrets to Being a High Achiever

Ron Edmondson

I frequently take on extra writing projects and speaking opportunities, which usually keeps me doing something different every week. I work from a plan – Whether it’s long-term or short-term planning, I try to have one. I get asked frequently: Pastor, how do you get so much done and still take care of yourself and your family?

The Enormous Coaching Skills Gap

The Practical Leader

Leaders often fall into these common coaching traps: Trapped by reactive problem solving that puts out short-term fires and doesn’t build long-term personal, team, or organization capabilities. Spending 85 – 90% of conversations with employees on project or status updates and very little time on coaching and developing.

The Invisible Power of Competence Plus Calmness

Rajesh Setty

Faking calmness seems easy but it only works in the short-term. Faking competence seems easy but it only works in the short-term. And, in addition, you need to be working on projects related to that topic so that you get the real-world skills. Select the Market: Find out who needs the benefit of these skills to move the needle on their projects. Think about someone who is competent AND calm. The combination immediately provides signs of confidence.

StrategyDriven Editorial Perspective – Panic of 1907 vs Great Recession of 2008

Strategy Driven

This year, 2013, marks the 100th anniversary of the Federal Reserve System, and central bankers are taking a historical perspective. households are generally not directly at risk in short-term wholesale funding arrangements.” A July 2013 Congressional research report articulates a challenge for today’s central bankers. StrategyDriven Editorial Perspective – The Ugly Truth About Partisan Public Project Labor Agreements.

Questions for Brainstorming

Ron Edmondson

For example, what if the team is trying to discern what went wrong on a project? What are the long-term and the short-term ramifications? What are the immediate, mid-range and long-term decisions we need to make, as a result of this? Brainstorming often leads a team to the answers you can’t seem to find any other way. The best brainstorming begins with great questions.

Why many smart people can’t get buy-in from others

Rajesh Setty

Like many other mini-research projects, I embarked on a journey to find out the answer. Confronting reality may give you short-term pain but it’s better than long-term misery. I have been thinking about this question for a while and written bits and pieces on the topic before. Here is what I found – some reasons may be obvious but may be not all of them. You be the judge. Here are the reasons (in no particular order).

How to decide what to learn next

Rajesh Setty

Every single day you are learning as you work through your projects. So “learning” encompasses both what you do explicitly and what projects you are engaged with. This simply means that you need to pick projects that are one or two notches harder than before every single time. ” Learn this and your current projects can be packaged and presented well. I still remember that meeting.

Six Paradoxes Women Leaders Face in 2013

Harvard Business Review

Easing into the New Year, one big hope we have for 2013 is that women continue to bridge the gender gap in terms of pay equality and access to leadership positions. Yet, in order to clear a path for greater advancement and parity in 2013, we need to address the difficult paradoxes that women leaders continue to face — these are the mixed messages and uncomfortable realities that complicate an arguably positive picture of progress.

Rethink the Value of Each Customer for Efficient Growth

Women on Business

Perhaps they have short term reporting requirements that ignore longer-term results. Typically, companies calculate the CLV of a customer merely by looking at their projected direct revenue. Guest Post by Elizabeth Dillon of Digital Marketing NOW (Learn more about Elizabeth at the end of this post). Do you know how much your customers are worth? If not, you could be throwing away significant money on ineffective marketing initiatives.

Managing Distraction in the Digital Era

Great Leadership By Dan

Guest post from Amy Blankson: In 2013, the National Center for Biotechnology Information reported that the average attention span of a human has dropped to a mere eight seconds , one second behind that of a goldfish. According to Cyrus Foroughi, a doctoral student at George Mason University one minute of distraction is more than enough to wipe your short-term memory. An interruption as short as 2.8 I’m stepping away from my email to finish this project.

Good News, Bad News: An HBR Management Puzzle on Innovation Execution

Harvard Business Review

It shouldn’t happen, but it does: You realize much too late that your innovation project is in deep trouble. The following highly condensed fictional case study draws on their paper “Anatomy of a Decision Trap in Complex New Product Development Projects” in Academy of Management Journal. While the details of the project they studied have been changed in this story, the essential findings of their research remain. The customer needs the project completed by mid-2015.

Analyst Scrutiny Impedes Corporate Innovation

Harvard Business Review

The findings suggest that analysts exert so much pressure on managers to meet short-term financial goals that they impede companies'' investment in long-term projects, the researchers say. Companies covered by larger numbers of analysts generate fewer patents, and the patents they produce have lower impact than those from other firms, according to an analysis by Jie (Jack) He of the University of Georgia and Xuan Tian of Indiana University.

Analyst Scrutiny Impedes Corporate Innovation

Harvard Business Review

The findings suggest that analysts exert so much pressure on managers to meet short-term financial goals that they impede companies’ investment in long-term projects, the researchers say. Companies covered by larger numbers of analysts generate fewer patents, and the patents they produce have lower impact than those from other firms, according to an analysis by Jie (Jack) He of the University of Georgia and Xuan Tian of Indiana University.

Before Hiring a Design Partner, Consider This

Harvard Business Review

It''s your job to pour what you know into the project and travel with the team: think of it as an equal partnership. The outcomes will only work in the long term if both sides combine their expertise into a rich body of shared experience and understanding. If your organization cannot execute the solution because it''s unable to make necessary changes, then it''s the solution that needs to be adjusted, at least in the short term. Design Project management

To Optimize Talent Management, Question Everything

Harvard Business Review

A traditional employment model may work for some, while a model based on short-term employment may work for others. companies return to the “Organization Man” model, right next an article by Reid Hoffman (cofounder of LinkedIn), Ben Casnocha and Chris Yeh, three entrepreneurs who say that the 20th century compact is gone, and instead recommend short-term “tours of duty.”. Should you hire as if your workforce will stay a month, a year, or their entire career?

To Simplify, First Clear the Underbrush

Harvard Business Review

Many people envision the upper rungs of the corporate ladder as an inspired, innovative place where leaders spend their time on stimulating projects that shape the organization''s future. In addition, the focus on producing short-term results often leaves little time for long-term strategy — the area where the expertise of experienced professionals is needed most. This post was coauthored by Lisa Bodell.

Want to Change the World? Be Resilient.

Harvard Business Review

Resilient leaders have three key characteristics: Grit : Short-term focus on tasks at hand, a willingness to slog through broken systems with limited resources, and pragmatic problem-solving skills. Commitment : Long-term optimism and focus on big-picture goals. What's the difference between someone with a good idea and a person who can transform their ideas into real impact?

Analysts Want You to Innovate, Except When They Don’t

Harvard Business Review

They greatly admire companies that come up with breakthrough ideas and talk about them in glowing terms, boosting their market valuation. The researchers say the evidence is consistent with the hypothesis that under intense analyst scrutiny, managers feel pressure to meet short-term goals and therefore invest less in long-term innovation projects. That’s not good for companies’ long-term prospects. Investment analysts love innovation.

How CMOs Can Get CFOs on Their Side

Harvard Business Review

To date, however, the reality of marketing analytics has fallen short of the promise. Just 36 percent of CMOs, for example, have quantitatively proven the short-term impact of marketing spend, according to the 2013 CMO Survey (and for demonstrating long-term impact, that figure drops to 32 percent). Moreover, the previous year’s survey showed that 63 percent of projects do not use analytics to inform marketing decisions. Help CFOs focus on the long term.

CFO 8

Make Time for Growth Assignments in Your Daily Work

Harvard Business Review

Alas, if you''re like most people, you probably never feel like you have enough time to devote to those important projects. Often the activities with the most learning opportunity get squeezed out of the schedule by project meetings, administrative work, e-mail, and other day-to-day items. Evaluate each of your ideas in terms of the value generated for your organization. Your job probably includes some responsibility for researching new trends or dreaming up innovative ideas.

As Emerging Markets Slow, Firms Search for “New” BRICs

Harvard Business Review

Additionally, managing corrupt business practices often makes it difficult for MNCs to realize growth potential in the short term. Petersburg allows companies to build market share, strengthen their competitive position, drive profitability, and contribute to long-term sustainability in Russia – and it’s worth remembering that 64% of Russia’s GDP sits outside of the these two cities. By all measures, emerging markets are having a tough year.

GDP 8

Behind China's Roaring Solar Industry

Harvard Business Review

Earlier this week, China's National Energy Administration announced its intention to add 10 gigawatts of solar power capacity in 2013 , more than twice its current level. China has also begun offering subsidies for rooftop solar projects. In 2010, for the first time, China overtook the United States as the world's largest center for construction, investing more than $1 trillion in building projects.

Collaboration is the New Competition

Harvard Business Review

Often, this means thinking beyond individual projects to whole solutions and big, bold ideas. The most effective of these leaders will put aside their organization's short-term interests in pursuit of the goals of the group. Adapt to data : The complex, multidisciplinary problems that many collaborative projects tackle do not have easy fixes.

A New Model for Innovation in Big Companies

Harvard Business Review

According to my current research at Harvard on innovation models in global companies across diverse sectors, these types of projects fail between 70% and 90% of the time.This should be a deeply troubling, motivating statistic. So nobody was shocked when, for a recent strategy project, Masala passed over many well-known consultancies that he viewed as having already “made a science out of their way of thinking of restructuring.” It seems we’re all racing to get more entrepreneurial.

Start Planning for Summer Interns Now

Harvard Business Review

There should be a chain of command established in terms of who provides interns with assignments and who employees should email to request intern assistance. Your interns should be assigned a mix of long-term and short-term projects. The short-term projects will most likely pop up on a daily basis and be assigned on the fly. Start collecting projects for interns now so that you can make the most of them when they arrive.

When You've Done Enough, Do More

Harvard Business Review

We''ve found that the most highly respected leaders avoid techniques to gain short-term compliance; they also steer clear of a self-centered "How can I get people to do what I want?" Instead, understand that your goals are to build long-term relationships and to make things better. How can you do more for people before, during, and after the projects you''re currently planning? How do you become truly influential?

How to Complete an Individual Development Plan | Thoughts for the.

Nathan Magnuson

Perhaps you’ve heard of the professional growth tool called the Individual Development Plan (or IDP for short). I suggest considering both short-term (1-2 years) and medium-term (2-5 years) career goals. If one of your activities is to work on a special project, that project (or your involvement with it) should have an end date. This section allows you to identify the support you need in terms of budget, time, approval, or collaboration.

Why Health Care Should Bring Back the House Call

Harvard Business Review

That kind of episodic engagement represents short-term thinking. A 2009 study revealed that home health care reduced hospitalizations and short-term nursing stays, saving Medicare dollars. Indeed, expanding access to home health care for chronic-disease patients could save a projected $30 billion, that same study concluded. Years ago, as a family physician in Louisiana, I made house calls. Certain patients were too sick or too hurt to get to my office.