RAND GOLLETZ & ASSOCIATES

www.randgolletz.com 


In today's issue

>> A Note From Rand

>> Feature Article: Do You Have CEO Disease?

>> The Big "People Questions"



 Note From Rand

I met Tracey Neale a few years ago while vacationing in Sedona. She was also on vacation, doing the "hiking and pampering thing" with her friend Jackie, who she met while the two worked at the same TV station in Florida – Tracey as a journalist and Jackie as a salesperson. Fast forward: Now the lead news anchor (although she would dispute the "lead" characterization) at WUSA in Washington, D.C., Tracey’s life is very full, thank you, which makes the following story all the more interesting and touching.

 

While doing a story on AIDS and orphans in Africa, Tracey fell in love … hard! Not your usual "Hey, Rand, let me tell you about the unbelievable guy I met" kind of love, but a life-affirming, "Now I know why I’m here" kind of love. The object of her affection was also the source of her heartbreak – the kids. Fast forward again.

 

Tracey continued to do her work and then much more. She adopted two little ones and started a foundation to encourage others to help. Per Tracey: "Adopting is a dream come true for me. And while I was able to bring home an adorable brother and sister, it breaks my heart to think about all of the babies we had to leave behind. Not all of the children that we serve are infected, but they are all parentless and they all desperately need your help. I know, because I have seen it, and it has forever changed my life. It’s hard not to feel that you have to try to help in some small way, and this is my small way."

 

Tracey established her foundation, Veronica’s Story (www.veronicasstory.org), to create hope and provide a mechanism for change. Tracey also created her foundation because she has a huge heart! If you have space in your heart, please go to the site and contribute in whatever way and in whatever amount you feel is appropriate.


Happy holidays!

 

 Do You Have CEO Disease?

My mission is "to help business leaders discover and achieve their potential." One of the things that I discover is that many business leaders – more than half – limit their success because of inadequate attention to reflection and self-examination.

 

My clients would say that I’m not prone to make or accept excuses and that my approach is rather direct. In that spirit …

 

If you believe, or even suspect, that your past or current success preordains future success, you are in deep trouble! The people who I know who sustain enduring professional success are those who can balance their self-assured, rightfully-deserved confidence with a healthy dose of "Oh my God, what do I do next?" suspicion of their own success and potential – enough to keep themselves honest, reasonably objective, and appropriately paranoid.

 

As the Bard would say, "Herein lies the rub." The greater your current success and the higher your perch, the greater the likelihood that you are headed for a fall because of the deceptions your mind feeds you. Some of those, as well as my responses, follow:


THE LIE – I am successful because I am intelligent, insightful and competent about all things. If the people who criticize me or volunteer feedback were as capable as I am, they’d be as successful as I am. They’re not, ergo….

 

THE TRUTH – You got where you are because of your assets and in spite of your liabilities. Additionally, attributes that may have comprised the strengths required for previous success may now be the liabilities keeping you from future success. An example: Your early success may have occurred because it required strong strategic and analytic skills, two of your personal strengths. You now run a more mature enterprise with a requirement for superior operating management. If the voice in your head provides rationale for sustaining a status quo that has outlived its usefulness, you and your company are headed for deep yogurt.

 

THE LIE – Every personal exchange, whether one-on-one or in larger meetings, must give everyone an "aha" moment. My comments must demonstrate that I am omniscient, that I have command of all of the relevant dimensions of the business and that I am "the man."

 

THE TRUTH – Get over yourself. First, in an executive chair, you get paid to ask great questions, not to have all of the answers. If you want to create a lasting, productive impression and do some real good, the next time you critique a presentation, instead of saying, "That’s wrong; do this," ask, "What were the options you considered and what motivated you to make the recommendation you did?" In lieu of saying, "Your recommendation doesn’t comport with our strategy," ask, "How does your recommendation drive our strategic success?"

 

Second, when you have nothing of real value to add, don’t add it. Before making a comment, ask yourself, "Does what I intend to say contribute to fulfilling my conditions of satisfaction, the success and development of the other person/people, our customers’ satisfaction and our shareholders’ value?"

 

THE LIE – I’m in charge, the grand poobah, the main gazane, the great and powerful Oz. I can do whatever I want to! I’ve earned that right!

 

THE TRUTH – Exercising your prerogatives has nothing to do with creating organizational success. Over time, if you depend on the job title on your business card to move people to do what you want them to do, you are dead! If, however, you believe that enthusiastic, voluntary contribution is a better road to success than indentured servitude, you’ll take another route.

 

THE LIE – I know what people are thinking. I’m an "open" guy. My people know that they can come to me with any concern, issue or problem and that they’ll get an open hearing.

 

THE TRUTH – You do not know what others think or vice versa. You must create and exploit formal feedback mechanisms to get a valid, ongoing sense of what people are thinking. Employee surveys are great, but they’re inadequate. They don’t convey emotion; they don’t allow for probing; they don’t allow you to "peel the onion" to get an explicit sense of deep truth.

 

One CEO I know (and this is a guy who runs a Fortune 100) spends about 10 hours a month talking one-on-one with people at all levels of his company. At first, it made people uncomfortable. Now, they really get into it. He learned a couple of important lessons along the way. First, nothing beats nose-to-nose contact. Second, when you create a high level of openness, you inherit a responsibility for what you do (and even more importantly, don’t do) with what you learn.

 

THE LIE – People understand my motives; they’ll forgive my idiosyncratic behavior.

 

THE TRUTH – No they don’t, and no they won’t. It’s funny, but as early as age five, we have a good idea of the impact that other people’s behavior has on us. Most of us, however, never fully develop an appreciation for the impact that our behavior has on others. We assume that they know what we’re thinking and feeling – what our motives are.

 

Do you remember when you were in elementary school and ran into one of your teachers in the grocery store? Do you remember your reaction? Here’s a guess: You sheepishly said, "Hi, Mr. Smith." What you were thinking, however, was, "What’s Mr. Smith doing here in the grocery store?" It was as if Mr. Smith, because of his lofty position as your teacher, should be above going grocery shopping.

 

Some things never change. When you hold a position of authority, you assume characteristics and attributes in people’s minds simply by virtue of your position. Whether you perceive that ought to be the case misses the point. If you are "the boss" (pardon me, Bruce), you are expected to conduct yourself with a level of virtue that exceeds that of mere mortals.

 

I entitled this article "Do You Have CEO Disease?" for a reason. Although the heads of companies do not lay exclusive claim to the issues I outlined, they are extraordinarily susceptible to them. If you are a CEO or aspire to be, you’ll be wise to be mindful of these pitfalls and to create processes to avoid them.


 

 The Big "People Questions"

I believe that if you want good answers, you have to ask good questions. If you want compelling, potentially life or business changing answers, you have to ask huge questions. I refer to these, simply, as the "big questions."

 

What are big questions? They’re questions that assault the status quo. They undermine preconceptions. They rattle you. They make you really dig deep. They require answers that provide new context.

 

Obviously, smart, high-performing people are required for any organization to be successful. We have a tendency to consider the recruiting, selection, performance and development of people within a group of very confining, incremental questions like "What does a good performance appraisal contain?" or "How do you conduct a counseling session with a poor performer?" Those are necessary questions, to be sure, but they are derivative; they are not big questions. I believe that the following five, externally focused questions must be asked and answered for any organization to successfully leverage their most important resource:

 

•What knowledge, skills, attributes and talents are required and in what amount and combinations to create and sustain value for buyers?

 

• How will you recruit, select, develop and leverage relevant knowledge, skills, talents and personal qualities to create value for buyers?

 

• What will you do to translate people’s competence and confidence into performance?

 

• What will you do to integrate individual performance into a cohesive "whole"?

 

• What will you do to maximize individual and collective contribution to the achievement of planned results and value creation for buyers?

 

Marinate in these questions and answer them in a detailed way. I believe that your human capital strategies will have a better shot at creating value.

 

Get Real, Get Tough, Get Going!

 


 

 About Rand Golletz

Rand Golletz is an 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.