How Behavioral Science is rapidly & radically changing the business success formula
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Transcript of How Behavioral Science is rapidly & radically changing the business success formula
How Behavioral Science is rapidly & radically
changing the
business success formula
October 8th, 2013 NAWBO Showcase Presentation
Key SHIFTS
• Relationships over Technology • Harder to compel• Screen-centric, still relationship- driven
• Renewed focus: Relationships
“Relationship Economy”
BEST RELATIONSHIPS HELP OUR BUSINESS THE MOST
Level 5: Richest relationships have 9 qualities• Authenticity
• Humility• Empathy• Confidentiality• Vulnerability• Curiosity• Generosity• Humor• Gratitude
Something is…..
ABSENT
Click icon to add picture
Still ABSENT!!!
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Leadership Dev’t Spending &Lack of Confidence in Leadership
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Avg. across Corporations,
Wall St., & Gov’t
Annual Spending on Leadership Dev’t ($Billions)
$Billions
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Comprehensive yet concise values/personality dashboard
Enviousness- not truly happy for others.
Defensiveness- hypersensitive to criticism
Aloofness- if cold/distant, not trusted
Volatility- drama follows them/unsteady
Entitlement- you deserve, but do not earn
The “roller coaster” - so unpredictable not trusted or confided in
“10 Character Flaws That Can Derail Even Good People” | Jan 09, 2013
Over the top eccentricity- seeking attention more than contribution
Morally Scrupulous - You find fault with everyone but yourself.
The Destructive Sense of Humor - Needless sarcasm/cutting remarks/relationships never “run deeper”
Overly Eager to Please- do not advocate/explode
Most pain-inducing personnel related growth challenge
you NEED to solve to go to YOUR next level of performance
& personality factors/uncertainty IMPEDING a precise
and sustainable SOLUTION
Most heavily leaned on, repetitively used, and heavily pressured
part of the bike?
http://www.youtube.com/watch?v=gENC-X4e5Gs
CRANKSET
The bicycle drivetrain that converts the reciprocating motion of the
rider's legs into rotational motion used to drive the chain or belt,
which in turn drives the rear wheel.
The PERSONALITY CRANKSET
• Highly cyclical patterns
• Predictive profiles
• How Relate or Lead
• http://vimeo.com/70921986
GPS and “ the avoiders”
• I am REALLY smart• TOO personal• Have “coach”• In Peer Group• Low priority• People not invested• Low budget
• Crocodile ahead!!! • Already personal• GPS dashboard???• Comprehensive/concise• Good luck in traffic!• More easily replaced• Scalable
Pervasive role OF GPS• High stakes roles (nuclear, banking, military)• Athletic teams (performance)• Matching /algorithmic technology (eHarmony)• Behavioral economics (judgement)• Artificial Intelligence (AI)• Jury selection• Marketing (“Psychographics”)
• 75% of Fortune 500 companies
Case Example: Assessing work style of managers/partners
• Enhance alignment/detect misalignment
• Development going forward
GPS Dashboard solution
Potential Derailers -Excitable-Extremely cautious-Lower science Strengths
-Not about power, $$, Ego -Not hedonistic -Not overly traditional
Sensitive use of GPS• Collaborative – “Doing with” not “doing to”
• Balance profile & interview • Accelerate talents/strengths• Fill skill gaps, correct derailers
• Not sanitize, but Understand/Expand
What GPS is not
• Fluffy personality tests• A credential-based commodity• Overuse/Misuse of one tool– E.g., MBTI
• Book/Certification-based “Life coaching”
what GPS is!!!
+Elite tools -- identify solutions FOR pressing growth challenges
+Holistic, nuanced, and fluid sense
…..FLOW
How Behavioral Science is rapidly & radically
changing the
business success formula
GPS as Foundry
• Selection: Sunny/Thorns/Skill Gps• Development: Meaningful Traction• Retention: Salary/benefits NOT motivators!!!• Succession: Protect Legacy of Values • Merger: Values aligned/conflictual • Leadership: Character, connection, presence
The ROI of GPS
• 75% of BIC profits to assessment strategies
• Profits up 20% with more formalized selection
Case: The Air Force study
• Losing 50% of recruiters quickly• EQ-I • Gave to 1500 • Identified/developed 5 skills
• 270% higher likelihood of retaining• Went from 50% to 97% retention
Take home:
• GPS is critical to… ..cultivating the best relationships ..smoothly navigating key personnel challenges
Success is not about what we accomplish, but what you
INSPIRE others to accomplish
More Fundamental & Customized Approach =Lasting Edge