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In today's issue

>> A Note From Rand

>> Feature Article: Confidence Is Your Primary Competitive Weapon

>> Additional Thoughts: Books That Make a Difference



 Note From Rand

Happy holidays! I hope you had an opportunity to enjoy your Thanksgiving with friends and family and that you carved out some time to reflect on your blessings.

 

Peter Drucker, one of the two or three pre-eminent business thinkers of the 20th century, died in November. He is credited by many people with being the creator of the modern concept of management, and the relevance of his writing has never diminished. We owe him extravagant praise and thanks for his wisdom and insights.

 

My lead commentary this month contradicts traditional thinking in the arena of personal development. After you read it, I'd love to hear or read your comments. The second article promotes three books that belong on the shelf of any successful executive or entrepreneur.


Our mission is to support your success and that of your team. This publication is only one part of that. Our coaching for entrepreneurs, executives and teams has been acknowledged as uniquely valuable in one important regard – experience. As a former Fortune 100 executive officer and CEO, I bring a "been there and done that" perspective to my work. Call now to explore ways in which our collaboration will create the momentum you need to produce superior results.


One of our goals for the coming year is to triple our readership of Performance Digest, and we need your help to do this. Please forward this issue to colleagues, both inside and outside your company, that you think would benefit from our commentary.

 

I'll see you in January.  


 Feature Article

Confidence Is Your Primary Competitive Weapon

You know the old joke: An out-of-town gentleman wanders down 5th Avenue in New York City while looking at his map. A native New Yorker walks up to him and the following exchange ensues: "Pardon me. You look lost. Can I help?" the native asks. "Why yes," the lost gentleman responds. "Can you tell me how to get to Carnegie Hall?" The New Yorker then admonishes him to "practice, practice, practice."

 

Ba da bing!

 

The moral of the story: Work hard and you'll achieve your goals. The truth: Hard work is a necessary component in goal achievement, but it's insufficient.

 

Here's an instructive story: As baseball's last .400 hitter in 1941, Ted Williams was a notoriously hard worker, but the foundation for his exceptional success was laid in his youth.

 

While Ted was still very young, his parents noticed his incredible perception of time/space relationships, his quick reflexes and his incredible hand-eye coordination. When he began to play baseball as a young boy, these talents served him extremely well. He enjoyed rapid success and began working really hard to hone his hitting skills. As he became more successful, his love of the game developed. Increasingly, he pushed himself harder to improve, but it wasn't hard or tedious work for Ted. He loved what he was doing, so while it required tremendous effort, to him it seemed effortless.

 

In both World War II and the Korean War, Ted served his country as a pilot — maybe I should say the pilot. Those who served with him stipulated that he was one of the greatest military pilots they ever saw. The same talents, attributes, skills and knowledge that propelled his baseball success made him an incredible combat aviator.

 

There's more: During and after his baseball career, Ted's love of fly-fishing developed and grew. He became an award winner. Again, his hand-eye coordination, highly developed sense of time and space, love of the sport and diligent practice fueled his success.

 

Now you've read the "what." Here's the "so what:"

 

Most of us spend our professional lives focusing on improving our weaknesses. Whether you're an entrepreneur or a company employee, you've probably either told yourself or been told by managers or corporate HR staffers that success requires well-roundedness. If you're analytical, develop your collaborative capability. If your strength is "x," you also have to become adept at "y" to be successful.

 

Not quite!

 

Peter Drucker said that the primary job of a manager is to make strength productive and render weakness irrelevant. In business, the most effective competitive strategies rely first on strength. Many executives and entrepreneurs are convinced, however, that while strengths should be engaged and deployed, weaknesses should be the focus of their people development initiatives.

 

Here's the truth: Most weaknesses, with lots of work, money and time, improve slightly, but they're still weaknesses.

 

Do you want to know the real requirement for personal success? It's confidence, and its equation looks like this:

 

CONFIDENCE = talents x attributes x knowledge x skills x passion.

 

Here are my definitions of the elements:

 

Talents are genetic strengths. They are gifts and they are immutable. Take a look at the things I labeled as talents in the Ted Williams story. They can be augmented by the other elements that contribute to confidence, but if you're tone deaf — and pardon my grammar here — a year of training with Andrea Boccelli ain't makin' you a world-class tenor.

 

Here are two tidbits: First, everyone has specific, unique talent. Second, ignoring one's own talent always creates a longing later in life. Don't ignore yours.

 

Attributes are characteristics of morality, character or personality initiated genetically and developed primarily in childhood. This category includes such characteristics as discipline, courage, emotional endurance, optimism, honesty and persistence. A recent study found that, while they can develop further in later life with patience, persistence, practice and reinforcement, these traits are typically 80 percent hard-wired by the age of 18. The degree and nature of parental love and support — the aggregate of actions parents take with their children to instill self-worth and inspire exploration in a safe and supportive environment — typically do more to develop specific attributes (for better or worse) than any other factor. Given that fact as well as the reality that attributes undergird successful professional performance, this presents an enormous challenge.

 

Knowledge represents the level of learning of concepts and facts from the most basic (curiosity) to the most mature (perspective). In most companies, the acquisition of knowledge is deemed to be synonymous with development. For example, if John has a problem with collaboration, he's sent to a seminar.

 

When John returns, he may have learned a lot about collaboration, but he won't have permanently changed his behavior.

 

Passion is the zest from commitment. It typically develops when attributes, skills, talent and knowledge converge. Its energy then feeds the development of even higher levels of skill and knowledge, which in turn create additional passion. You get the idea. A quick word to the wise: To the observer, passion does not always look like Jack Welch on steroids. I recently worked with a client who was roundly criticized for having a lack of passion. In reality, he didn't display his passion in an overt, fist shaking, evangelical way, but he had plenty of zest and commitment.

 

Whether you are concerned with your own development, that of others or both, here's the lesson: Personal confidence evolves out of a messy, non-linear collision of experiences in childhood. Further, and with apologies to Jim Collins, going from good to great almost always requires the ongoing development and leverage of existing strengths and implementing multi-dimensional strategies that address the elements of confidence appropriately.


 Additional Thoughts

Make an Early Resolution to Read More (and Keep It)

I read a lot. Given what I do for a living, I need to. Given what you do for a living, you do too.

 

Promise yourself the gift of increased reading in 2006; you won't regret it.

 

Given the death of Peter Drucker in November, it's appropriate to mention his seminal book, The Practice of Management. It sits at the top of the dozen or so books on my must-read list of books for executives and entrepreneurs. Published in 1954, it remains totally relevant and compelling.

 

Here are a couple of additional recommendations for this month. The Inner Game of Work by W. Timothy Gallwey is a few years old now. You may recall that he also penned The Inner Game of Tennis, which if you read, you know was not really about tennis.

 

This book examines people's relationship to their work and postulates that the biggest obstacle to success is what goes on between our ears. I guarantee it'll result in your questioning some of your preconceptions and fundamental assumptions about work.

 

My second recommendation is Resonant Leadership by Richard Boyatzis and Annie McKee. I believe this is an important book — not just more lofty and esoteric leadership speculation.

 

The authors wrote Primal Leadership. This book extends their thinking from that book. With the support of research and data, Richard and Annie propose that executives must carve out time for self-examination and self-renewal to remain vital and relevant, to themselves as well as their organizations. This one is really worth your time and reflection.


 About Rand Golletz

Rand Golletz is a executive coach and consultant. With more than 25 years in leadership roles, including CEO, chief marketing officer of a Fortune 100 company and international strategy consultant, Rand brings an unparalleled level of business expertise to his profession.