The Killer CEO: How Leaders Influence Their Organizations for Good or Evil
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Transcript of The Killer CEO: How Leaders Influence Their Organizations for Good or Evil
Today’s Speakers
• Dr. Casey Mulqueen
• Dr. Natalie Wolfson
• David Collins
Congratulations! You Have Just Been Promoted to CEO
If you don't have a competitive advantage…
DON'T COMPETE.— Jack Welch, former CEO of GE
an edge that generates greater sales, margins or customer retention than the other guys.
COMPETITIVE ADVANTAGE:
Where does it come from?
It used to come from him…
Then came the Inventors
Ushering in a new age…
the Industrial Revolution
Where size and scale DOES matter
Enter technology…and the modern era begins
And it’s a Game Changer
The average age U.S. worker is 40-44 years old. That means they have experienced …
Life without FACEBOOKFacebook was founded in Harvard Dorm in February 2004
Life without SMART PHONESFirst generation iPhone was released on June 29, 2007.
NO GOOGLE…founded on September 4, 1998
OR INTERNETNetscape 0.9 released on October 13, 1994
The pace of change is accelerating.
And it is impacting our world as CEOsCompetitive Advantages Were Built Over Decades
Raw Materials
Size and Scale
Power of our Brand
Expertise of our Employees
… and lasted just as long
Remember these companies?
WHO’S NEXT?
AND Possibly…
“Wal-Mart Takes Over The World”What operates in 44 countries, has 2,276 stores outside of the U.S., has more than 100,000 associates…Forbes Magazine – January 2006“
Long Live the King!
“Falling Back to Earth”with the price gap shrinking between Wal-Mart Stores Inc. and its competitors, the retailing giant faces the double sorrow of sluggish sales and traffic.Wall Street Journal – July 2014
The King is Dead
Polling QuestionHow much is your organization affected by competitive change?
Not at all
A little bit
Quite a bit
It’s all we talk about
Fortune Top 20 Turnover Chart
35%
45%
60%
New Members in Fortune 500
So What Might You Be Thinking About as a CEO?
Adapt today. Or else…
And You Wouldn’t be Alone
< 50% – Global executives who have confidence intheir companies’ ability to capitalize onmarket shifts or serve new customers.
50% – Do not believe that their culture is adaptiveenough to respond positively to change.
44% – Uncertain that their workforcesare prepared to manage change through economic uncertainty.
What Do Killer CEOs Emphasize?
Forwardthinking
Change
InnovationRe-engineering
Obsoletingproducts
High-growth vslegacy business
What Do Killer CEOs Miss?
Resistance
Change
The People Element
Stress
Coping
Difficult for Business.Even Tougher on Individuals.
Business Evolution vs. Human Evolution
“Corporate agility is the key to not only surviving but also in surviving in today’s rapidly changing business environment.”
Agile firms grow revenue 37% faster and generate 30% higher profits than non-agile companies.— Massachusetts Institute
of Technology (MIT)
PEOPLEStressIllness
DepressionObesity
COMPANIESDisengagement
TurnoverStagnation
What’s the Impact of All this Change on People & Companies?
SURVIVAL!
Organizational Impact of Stress
$300 billion —Cost of stress to American companies annually
1 million — Daily American work absences
4 times — Stress is much more likely to cause absences than workplace accidents or disease
Absenteeism
Presenteeism
Presenteeism
Polling QuestionIs Presenteeism a problem for your organization?
Yes
No
Not Sure
Question
What examples of Presenteeismhave you seen in the workplace?
41
Negativity Bias
43
Evolution Affects Us Today
“Bob, please come see me when you return from lunch.”
Evolution Affects Us Today“Matt, can we talk about some of the figures on your report?”
Neuroplasticity to the Rescue.
Our Emotional and Logical Brain
Prefrontal Cortex(Logical Brain)
Limbic System(Emotional Brain)
Neocortex(Logical Brain)
Stress is Not the Problem
It’s the Reaction to Stress that Matters
Change
Agility
TEAMING
PRODUCT TRAINING
PERFORMANCE MANAGEMENT
CONFLICT MANAGEMENT
NEGOTIATION
SALES
TRAINING TODAYMost training today focuses on processes and not the core individual.
It’s not more effort, but investment in the right places that is needed.
Min
dse
t
Trainable Techniques
Effective Leaders:
• Serve as Role Model
• Communicate a Higher Purpose
• Know Your People
• Stimulate Your People
• Reward Your People
Market Basket
“You demonstrated to the world that it is a person’s moral obligation and social responsibility to protect a culture which provides an honorable and dignified place to work.”
Arthur T. Demoulas
Summary/Review
• Every organization faces challenges in today’s world
• Individuals are susceptible to hidden barriers
• Recognizing and managing these barriers is key to individual AND organization
• An organization with resilient people is more successful
Follow-Up
• Adaptive Mindset Whitepaper
• On-Demand Version of Webinar
• Specific question follow-up
62
The Essence of Who We AreWe believe that improving a person’s understanding of themselves and others makes the world a better place
Through research and experience we uncover the hidden barriers that prevent individuals from achieving their maximum potential and identify how to overcome them
We synthesize our discoveries into actionable learning and resources that improve an individual's performance in all parts of their lives
Adaptive Mindset for Resiliency™
Adaptive Mindset ™ Programs
Developing a Resilient MindsetTM
• Resiliency is a way to productively deal with stress and overcome our brain’s natural, counter-productive ways of thinking.
• This course teaches people about sources of their stress, response patterns to stress, and practical strategies for altering responses.
• Decades of resiliency research and groundbreaking neuroscience.
Questions