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Strategies to develop your top talent

Archive for the ‘Culture’ Category

Culture clearly plays a part in leadership and how it is expressed in different places.  People who live or move within different cultures encounter these differences and know they are real; the words to accurately describe or understand the differences, however, are often lacking.  We resort to general observations or broad-brush statements that are riddled with exceptions.

The experiences of leaders in different countries clearly shape them.  Two researchers looking at leaders in China, India and Singapore noted difference in challenging assignments, developmental relationships, dealing with hardships, education and personal experience.  All of these influences shape individuals into the leaders they are, and gaining an appreciation for each individual’s personal biography is insightful and essential for understanding their own expression of leadership with its gaps and its strong areas.

One way of understanding leadership differences is through behavior styles.  (more…)

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A mark of great leadership

You know that sucking sound you hear?  It’s caused by the vacuum of leadership we continue to experience. At this exact time in history we continue to muddle through the mess we’re in and there is an absence of leadership to show us the way forward.

Is that too bleak?  I’m not a pessimist even while I try to stay realistic.  Since the worldwide “reset” (recession, currency devaluation, drop in trade–whatever you want to call it) that began in 2008, the signs are clear that we’re looking for direction and the old order has passed.  We’re not too sure what the new order is, while many act confused, some put their heads down and soldier on while the true entrepreneurs smell opportunity and are moving aggressively into action.  You’re going to hear their stories become public in the coming years, but I’m getting ahead of myself.

What are some signs of the times?  (more…)

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One of the best writers on leadership is one you’ve never heard of.  If I told you a few of the titles you still wouldn’t recognize who I’m referencing.  Yet Peter Drucker, the Father of Modern Management, liked to tell his students that the reason he never wrote a book on leadership was because the first systematic book on leadership was written by Xenophon and it was still the best.  Who was Xenophon?  More about that in a moment, but the point is the best-kept leadership secrets are out in the open, and they rest in (more…)

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Making change stick

McKinsey published an interesting paper earlier this year titled ‘The Irrational Side of Change Management’

It provides insight about traditional approaches to change management and how success or failure is is determined by execution and practical implementation of the approaches.  Organizational change requires the following four conditions for change:
  • a compelling story
  • role modeling
  • reinforcing mechanisms
  • capability building
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Top talent and the money game

talent-money-gameRecently we looked at two different approaches to developing talent:  paying premiums in compensation packages and investing in a strong internal culture. 

Yesterday  John Mack, Chairman and CEO of Morgan Stanley told his shareholders that he has to pay employees well to keep top talent and grow the business, but he doesn’t see the ability to sustain that into the future.  (more…)

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Talent and the culture factor

top-talent-1What kind of companies tend to keep top talent?  Those that pay a lot or are leaders in their field?  What about those who have an engaging culture?  Let’s take a moment to look at both of those possible answers and see what part culture plays in attracting, developing and retaining top talent. (more…)

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charles_m_schwab_crop One of the first people in American business to be paid a salary of a million dollars a year as a professional manager was Charles Schwab.  He was picked by Andrew Carnegie to be the President of United States Steel in 1921 when he was 38 years old.   Why did Andrew Carnegie pay a million dollars a year to Charles Schwab?  

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Talent – the long view

I just got back from a trip to Mexico City and besides having a fabulous time with my wife I also learned a few things on this trip.  On our first day in the city we went to the renowned Museum of Anthropology and were dazzled by the talent that was on display. mural_cacaxtla(http://en.wikipedia.org/wiki/Museo_Nacional_de_Antropología to read more, or go to the museum’s site http://www.mna.inah.gob.mx/)

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  • Filed under: Culture, Talent
  • Poise under pressure

    The aikido dojo I train in had a significant event over the weekend.  Five of our members took a test, and I was one of them.

    legsinaikidoaction_byoldsargeI won’t go into all the background here about aikido (*see the footnote below if you’re interested).  Since we don’t have competitions or tournaments in aikido, testing (and the training that leads up to that) is one of the times when we are able to assess what we have learned and how much more there is to learn.  Besides demonstrating specific techniques that are called out early on, the last part of the test involves multiple attackers coming at you from all directions and you have to effectively deal with each attack without injuring yourself or anyone else.  It is a true test of poise under pressure.

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    I had a colleage ask me today about talent management and my experience with how employees respond to talent management efforts at work.  Here’s some of what I shared with her.

    From the employee side, there is a natural concern about fairness and favoritism; will Talent Management (TM) be administered fairly and give everyone an equal chance to succeed?  Will it be a cover for leaders who are championing/grooming/promoting their own favorites?

     

    Also, most TM efforts or programs have some kind of measurement included with them.  Some of those include personal profiles or talent assessments.  Some people have a natural fear about how those will be viewed or used by management.  Other measurements are more tied to performance management or productivity or contribution to the company.  Some employees don’t like the additional scrutiny that comes with measurement–period.

     

    Honestly, a lot of “talent management” efforts are really HR-sponsored drives that are modest in their goals/design and don’t have real staying power.  Employees have a legitimate right to question if TM is a “flavor of the year” hobby that will be eventually abandoned in 12-24 months.  That often seems to be what happens unless management is fully committed to it and is willing to make it a robust, long-lasting change in how the organization thinks about and practices talent management.

     

    Of course, I encourage leaders who are committed to developing top talent to exercise some empathy and think first about how their efforts are going to be received by employees.  It can avoid a lot of pain and waste later on.

     

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