c suite

Gender Equality in the Workplace

March is Women’s History Month, and one of the ways in which we can celebrate this is to honor the female trailblazers in the corporate world. Women like Estee Lauder, Coco Chanel, Katharine Graham, and Oprah Winfrey, made their way to the tops of their respective industries years ago, when women made up a very small fraction of C-suite leadership. Although that percentage has now grown, we have a long way to go before we achieve true gender equality in the workplace.

Despite the long road ahead, many in the business world feel optimistic about the future of gender equality. In the newest episode of Wharton’s podcast, the issue of equality in the workplace is on the table. As part of their Women in Leadership series, podcast host Dan Loney interviews Maurice Schweitzer about the long-held assumptions of gender norms and how they are changing. Side note: the irony of this discussion being held by two men is not lost on this blogger. It is, however, a very interesting and valuable conversation to listen to. Both discuss examples of inequality they’ve seen in the business world, and how we can all do our part to address these issues in the future. Give the new episode a listen here to see what has changed since the first women in c-suite leadership opened the doors for the next generations to come.

What Leadership Can Learn From Uncertainty

There are several well-known military acronyms that have entered the civilian vernacular. FUBAR is likely the most famous, with FARP and BOHICA following closely behind (worth a Google if you’re unfamiliar with any of them). One that is less well-known but highly important, is VUCA. Coined in the late 1980s, VUCA stands for: Volatility, Uncertainty, Complexity, and Ambiguity. For those in leadership, these are the well-known disruptors of work life. When the landscape is changing rapidly, data is either overwhelming or insufficient, processes are overly complicated, and trends are difficult to spot, leading a team can feel like a rollercoaster ride. The U.S. Military, specifically the Army War College, has been studying this for many years, and recently, Angus Fletcher, Thomas L. Gaines, Brittany Loney at Harvard Business Review took the research one step further. Working with the U.S. Army Special Operations, these three developed brain-training exercises for leaders to be better equipped during uncertain or volatile times.

The first challenge for leaders in uncertain times is managing data. More data does not mean better decision making. When the road is rocky, an overabundance of data leads to “passivity, mission creep, and hesitation”, according to the authors. They recommend targeting “exceptional information”, or that which is the exception to the rule. Interestingly, in the age of AI we are in, this ability is particular to the human brain. Computers have no ability to weed out the exceptional information during data overwhelm.

The second recommendation is to forego active listening, and embrace active questioning. Of course, active listening still has it’s place in times of smooth sailing, but in rough waters, delay asking the Why. Focus instead on the who, what, when, where and how. Recently the designers of these brain training tools worked with a Fortune 50 company that was losing talent. When asked why they were leaving, these employees always responded the same way: money. Upping the retention offers had no effect, however, so they had to look elsewhere. When they started asking deeper questions about employee’s overall satisfaction in life, they were able to make retention offers that really struck home, and employees stuck around.

Third, don’t plan; instead, be a planner. President Eisenhower once told an audience that “The reason it is so important to plan is to keep yourselves steeped in the character of the problem that you may one day be called upon to solve.” The actual solutions that Eisenhower and others came up during his military tenure ended up being useless. But the process of planning kept them so on target that they were truly ready for anything.

Fourth, use “Emotion Reset” when fear or anger arise. Although these are often considered to be “negative emotions”, from an evolutionary standpoint they kept humans alive by allowing the flight or fight response to activate in our bodies and brains. With the emotion reset technique, leaders are asked to recall a time when either fear or anger arose, and to remember what they did. The idea is to send our brains the message: “You’ve done this before”. This will immediately take us out of the flight or fight response, making it possible for rational thought and calm decision making to prevail.

Since none of us can predict the future, these tools have the potential to greatly assist leadership through volatile times. Do yourself a favor and read the full article here, then send it to all the other leaders you know.

Mandy Hickson on Being a Better Leader

Mandy Hickson knows a thing or two about leadership. As one of the first female pilots in the UK’s RAF, she has had to prove herself time and again. Hickson did so exceptionally, flying in the Tornado GR4, and patrolling no-fly zones over Iraq. In her three tours of duty, she was one of the only female pilots the entire time she served. During her time in the RAF she learned about leading with integrity, about overcoming challenges, and about how all of us have to first fail in order to succeed. She will be featured later this month at Chief Executive Magazine’s ongoing Masterclass series about Women in Leadership, so she recently sat down with them for an interview.

Hickson first discovered her love of flying at age 14, when the RAF still didn’t allow women to join. Despite this, Hickson had made up her mind. She finished school and enrolled at a university, all the while dreaming of a career that she wasn’t allowed into. Then, in the early 1990s, that finally changed. When she was 17 years old, she received a flight scholarship. After a successful career in the RAF she went on to volunteering with the cadets, a program to introduce flight programs to teens. It was there that she realized her ultimate calling; to become a business coach specializing in human performance factors. Hickson uses her history in high-pressure, high-performance situations and coaches leadership to minimize human error, minimize burnout, and minimize stress, all while maximizing communication, maximizing decision-making skills, and maximizing fulfillment. Which, coincidentally, also makes for a very safe flying environment.

Side note: If you want to learn more about Hickson and other women in leadership, check out Chief Executive Magazine’s Women in Leadership series. Their next event is coming up on September 27th (streaming live). Or check out her book, An Officer Not a Gentleman, the inspiring story of how her determination led to achieving a dream that almost never happened.

C-Suite Personal Data Security

Not all that long ago, C-suite data security was a matter of physical file storage, literal locks and keys, and a few strongly-worded NDAs. Over the past few decades, however, that has changed dramatically. Although data security is a matter of concern at all levels of a company, top executives tend to be the most vulnerable targets of data breaches and fraud, simply due to the sensitivity of information that they are privy to. Obtaining an executive’s personal information is generally the first step in this process. Dimitri Shelest, of Chief Executive Magazine, has published a new article on how vulnerable C-suite personal data might be, and also how to go about protecting this information to avoid a larger company-wide data breach down the road.

These days, the data stored by companies isn’t as simple as names and addresses. Companies store browsing histories, purchase histories, political affiliations, contacts, and even biometrics. While all of this data is gathered and stored legally, the amount and details that each of us offers up to private companies is staggering. Most of this data can be sold to anyone willing to pay for it, with no need for a background check or authentication of any kind. Whether the threat comes in the form of personal information being published on social media (as happened after the 2020 election, in which CEOs of voting machine manufacturers saw their personal information published online, leading to death threats aimed at them and their families), or through “phishing” or “whaling” attacks on companies (as happened to a Mattel financial exec who wired $3 million to a fraudster posing as the company’s CEO), targeted attacks can come from all sides.

So what steps do execs need to take to protect themselves and their companies? Well, as is the case with many things, says Shelest, the first step is education. Knowing that they are high-value targets and the threats to look for is the easiest and best way to stop fraud before it starts. After that, Shelest recommends laying low on social media (at least personal accounts), using separate email addresses for highly sensitive information, maintaining strong passwords, and removing oneself from websites that publish people searches. Luckily, in this age of on-demand help, there are companies that can be hired to remove personal information from the internet. For an unbiased list of companies and reviews, click here. All in all, protecting personal data is a must, and especially for C-suite execs. Check out the Shelest article for a full read and make sure you’re doing all you can to protect yourself and your business.

Three Traits of a Leader People Will Follow

Sri Amit Ray once said “If you do not lead by example, you cannot expect your team to follow.” All leaders want to set great standards for their teams. This is especially true in this post-pandemic business environment and the associated war for talent. Some people even make a living coaching leaders to be the best version of themselves (wink, wink!). So what does one of the experts say about how best to inspire others? Marcel Schwantes, contributing editor at Inc.com, has published a new article listing his insights on the three characteristics that set certain leaders above others.

First of all, inspiring leaders are selfless. Any exceptional leader knows that their role is not about ego. Whether the head of a country, business, or household, true leadership is about taking care of the needs of the people. Next, inspiring leaders are very good at listening. This blog has featured many articles over the years that discussed the advantages of “active listening”. Despite the name, active listening is actually quite passive. It simply involves listening without any agenda or prepared response. We are not all inherently good at this particular skill, but if it can encouraged, teams and individuals will flourish. And lastly, exceptional leaders serve their employees. This is the aspect of leadership that is perhaps most easily forgotten. Again, however, if those in leadership are able to put ego aside, it’s easy to see that improving the lives of employees is ultimately serving the greater good. Give the full article a read here, and see how you can better inspire your team and those around you.

The Power of Quitting

“I quit”. These words are generally not a welcome conversation starter. Unless, of course, one is talking about a vice such as cigarettes or alcohol, no one wants to hear it. This applies not just to jobs, but to all components of our lives. Everything from our exercise routines or diets, to our choice of where we live, to risky moves that could help careers grow. All of these are things that need to be re-evaluated from time to time to make sure they are still serving our needs and furthering our goals.

Lucky for us, Wharton’s newest Nano-Tool for Leaders teaches us how and when to re-evaluate to see what may no longer serve us. This fascinating new article was written by Annie Duke, former professional poker player, corporate consultant, co-founder of The Alliance for Decision Education, and best-selling author. Talk about someone who’s been on the front lines of quick decision making! As a former professional poker player, Ms. Duke knows that professionals abandon about 80% their initial hands during the ever-popular games of Texas Hold-em. Amateurs, however, stick with their initial hands over half the time. This kind of experience helps drive what she terms: “optimal quitting”.

So how do we utilize optimal quitting when it comes to furthering our goals? As it turns out, the simple act of setting a goal can be detrimental as it will inspire us to stick with our plans and not give up. Here is where Duke’s expertise comes in. She lays out some action items we can all use immediately to help us ditch what no longer serves us.

First, set intervals to check-in with goals and see what is working. Second, add “kill-criteria” to your goals. And last, acknowledge incremental progress. Check out the full article here for a deeper dive into each of these steps, and to read some real-world examples of how leaders (or anyone) can use these tools right away. For as Cheryl Richardson once said; “If you eliminate what no longer works, you illuminate what does.”

How to Get More Hours in a Day

Wouldn’t it be nice to feel like we had enough time to get everything done and still be able to relax? Everyone has wished for more hours in the day, at least at some point. And since we can’t slow the speed of the Earth’s rotation, we have to get creative. This is where Kelly and Marshall Goldsmith come in.

In an article featured in Chief Executive Magazine, the Goldsmiths are on a mission to help everyone achieve their goals by using time management skills more wisely. In this brief article they layout a 3-step process to narrow down what your biggest time drains are, and where your energy would be better spent, along with advice on how to expand this to your team. This technique applies to any level and on any team, and can really spark creative ideas. Give it a try and see how much better your time is spent!

Taking Humor Seriously

There’s an unfortunate belief among some in leadership that in order to be taken seriously one must be solemn, with an attitude that is positively all business all the time. Two Stanford professors, however, have set out to change that mindset.

Behavioral scientist Jennifer Aaker and corporate strategist Naomi Bagdonas have presented research and now teach a course at Stanford based on the power of humor in business. Specifically, how leadership can use humor to strengthen team bonds, problem solve, build resilience, and even inspire creativity.

Last year they were featured at a TED Conference in Monterey, where they outlined just how to harness the power of humor. Take a few minutes to be inspired, and channel your own inner stand-up comedian.

A New Year in Which to Lead

Here it is: 2022. We have arrived. After the tumultuousness of the past 5 years, and in particular the past 2 years, we are all looking for some hope as we enter this new year. Hence, we are all seeing more “new year, new you” comments than ever before. But instead of reinventing oneself, perhaps it’s time we reinvent how the C-suite and business owners lead with grace.

Enter: The Five Graces, a recent article featured in Chief Executive Magazine by Gary D. Burnison. Mr. Burnison defines grace as the goodwill of human nature predisposed to helping others. In his inspiring and insightful article he describes five qualities of a leader: gratitude, resilience, aspiration, courage and empathy. To truly be a grounded and influential leader, one must embody all of these. Take a few minutes to read this brief article and use this opportunity to realign your priorities for the new year.

Shared Leadership and WFH

Although shared leadership might not be something that most executives aspire to, it may now be part of the new work landscape hastened by the global pandemic. With the omicron COVID variant on the rise and experts warning of a post-holiday surge in cases, the idea of returning to an office full time is looking less and less likely in the near future. Not to mention that most employees do not want to return to an office full time (76% wish to stay remote, according to a new study).

So, with most leaders coming to terms with this reality over the past year, they are now looking to maximize remote efficacy. New research (penned by the same author) shows “when collaborators are separated by geography, typical approaches to leadership are not as effective. Instead, “shared leadership,” which involves dividing up leader responsibilities across multiple people, was more helpful the more teams work virtually across locations.”

Check out the full article from Chief Executive Magazine and read the recommended strategies for transitioning to a shared work team, and sharing responsibility in our newer, even more virtual world.