How Behavioral Science is rapidly & radically changing the business success formula

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How Behavioral Science is rapidly & radically changing the business success formula . October 8 th , 2013 NAWBO Showcase Presentation. Key SHIFTS. Relationships over Technology Harder to compel Screen-centric, still relationship - driven Renewed focus: Relationships. - PowerPoint PPT Presentation

Transcript of How Behavioral Science is rapidly & radically changing the business success formula

Page 1: How  Behavioral Science  is  rapidly  &  radically  changing  the  business success formula
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How Behavioral Science is rapidly & radically

changing the

business success formula

October 8th, 2013 NAWBO Showcase Presentation

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Key SHIFTS

• Relationships over Technology • Harder to compel• Screen-centric, still relationship- driven

• Renewed focus: Relationships

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“Relationship Economy”

BEST RELATIONSHIPS HELP OUR BUSINESS THE MOST

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Level 5: Richest relationships have 9 qualities• Authenticity

• Humility• Empathy• Confidentiality• Vulnerability• Curiosity• Generosity• Humor• Gratitude

Something is…..

ABSENT

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Click icon to add picture

Still ABSENT!!!

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Annual Spending on Leadership Dev’t ($Billions)

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Comprehensive yet concise values/personality dashboard

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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

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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

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Most heavily leaned on, repetitively used, and heavily pressured

part of the bike?

http://www.youtube.com/watch?v=gENC-X4e5Gs

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The PERSONALITY CRANKSET

• Highly cyclical patterns

• Predictive profiles

• How Relate or Lead

• http://vimeo.com/70921986

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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

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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

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Case Example: Assessing work style of managers/partners

• Enhance alignment/detect misalignment

• Development going forward

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GPS Dashboard solution

Potential Derailers -Excitable-Extremely cautious-Lower science Strengths

-Not about power, $$, Ego -Not hedonistic -Not overly traditional

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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

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What GPS is not

• Fluffy personality tests• A credential-based commodity• Overuse/Misuse of one tool– E.g., MBTI

• Book/Certification-based “Life coaching”

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what GPS is!!!

+Elite tools -- identify solutions FOR pressing growth challenges

+Holistic, nuanced, and fluid sense

…..FLOW

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How Behavioral Science is rapidly & radically

changing the

business success formula

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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

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The ROI of GPS

• 75% of BIC profits to assessment strategies

• Profits up 20% with more formalized selection

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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

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Take home:

• GPS is critical to… ..cultivating the best relationships ..smoothly navigating key personnel challenges

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Success is not about what we accomplish, but what you

INSPIRE others to accomplish

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More Fundamental & Customized Approach =Lasting Edge

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