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How to Balance the Three Rings of Your Personal Market Value as an Innovative Leader

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How to Balance the Three Rings of Your Personal Market Value as an Innovative Leader

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This blog is provided by David Nour, CEO of The Nour Group.  It is a companion to his interview on Innovating Leadership, Co-creating Our Future titled Curve Benders: The Intersection of the Future of Work and Strategic Relationships that aired on Tuesday, September 29th, 2020.

 

During times of uncertainty, we begin to question ourselves. We wonder if we are on the right path, are we accelerating in our leadership, or do we have all the education and experiences we need to succeed as a leader? Instead of throwing this time to the wind, the global pandemic could be used to assess our value and emotional investment.

Just like Walmart or Apple, each of us should be thinking of our perceived market value. There are essential areas that you need to focus on to make sure you are at the highest value. At a time where global jobs are at risk for significant cutbacks or replacement by accelerated technology such as automation and AI, many leaders are in a global war against obsolescence. That’s why you need to attend to all three areas of your personal market value: people, personal, and professional.

 

Core Ring: People 

Your central ring is founded on people you can’t live without: your friends and family. The core of your social sphere needs to be composed of individuals who provide a loving home and a stable social life. If your home life is unstable and disruptive, it will show up in how you lead at work. It will stifle your creativity, innovative ideas, and problem-solving with and through your team. However, when your core group is a loving ecosystem of close friendships, deep partnerships, and rich family interactions, it will provide you with the foundational support to accomplish any stress in your leadership style.

Having a nurturing infrastructure builds our leadership resilience. Many top leaders we admire confess that their success is often credited to their nurturing family and spouse.

Choose wisely who you spend your downtime with. It’s better to be surrounded by fewer authentic friendships with equal emotional investment than to be surrounded by 100 acquaintances who, frankly, don’t care about what you’re doing. The world and our leadership obligations naturally put pressure on us, and if we don’t have a solid foundation to stand on, it is a struggle to get ahead. If this is an area you think you need to pay more attention to, actively elevate it.

 

Second Ring: Personal 

No pandemic, economic crisis, or war can take away your investments in your personal development as a leader. Crisis or not, we are at a time where we are living longer: the United Nations projects that the average life will be 95 for women and 90 for men. That means we don’t just have longer lives; we are working longer too. Every leader, regardless of their tenure should be investing in his/her life-long education, spiritual grounding, and unshakable values. These are developments that are immediately in your control. Industries will always develop and evolve; therefore, life-long learning will be mandatory.

When we continue our leadership education, it will show us how to adapt and upgrade to the ever-changing framework we live by. No one this time last year would have expected we would be predominately if not exclusively working from home. Many who have thrived during this time have prioritized upgrading their digital infrastructure and mastering new remote leadership tools such as digital whiteboards.

That openness also expands to our spiritual selves. Whether you prescribe to an organized religion or consider yourself curious, we need to have personal spiritual grounding to believe in something more than ourselves.

When you focus on these non-negotiable values, they become guardrails for future direction and keep you in your preferred lane.

 

Third Ring: Professional

The final ring of your personal market value is the professional sphere. This is seen as your acumen: how you blend your knowledge and skills in the manner which you lead. Your past actions and expertise will inform your future decisions and problem-solving accurately. You will be better at cutting and adjusting productivity, revenue, and costs. This business acumen allows you to see the bigger picture, evaluate available options, and confidently make high-grade options. This is also leadership by modeling the business behaviors you want to see in others.

Your ability to focus on a few, strategic priorities necessitates leading others toward a common mission, vision, or against a possible enemy. That’s where your leadership presence comes into play. You want to captivate a room or a person. When you have them on the edge of their seat, you have honed your gravitas. Aspire to be measured with your language, hold yourself confidently, and command the right kind of servant leader attention. These individuals don’t throw around SAT words and leave their audience confused; they are succinct and careful with their message, recognizing the incredible power of the verbal and written language.

Lastly, you must develop your emotional courage to lead. There will be situations where uncomfortable topics or feelings arise. You must be willing to experience feelings like discomfort, risk, and disappointment. But the true leaders are the ones who push through the discomfort and take charge of their emotional courage and compassionately have a conversation. If you’re not willing to examine any of those things, you won’t be able to handle anything.

Are you lacking in any of these three areas? Start from the core and work your way out. If you find yourself coming short in one spot, consider investing in your growth today.

 

To become a more innovative leader, you can begin by taking our free leadership assessments and then enrolling in our online leadership development program.

Check out the companion interview and past episodes of Innovating Leadership, Co-creating Our Future, via iTunes, Google Play, TuneIn, Stitcher, Spotify and iHeartRADIO. Stay up-to-date on new shows airing by following the Innovative Leadership Institute LinkedIn.

 

About the Author

David Nour, a senior leadership/board advisor, educator, executive coach, and bestselling author, is internationally recognized as the leading expert on applications of strategic relationships in profitable growth, sustained innovation, and lasting change. The author of eleven books, including bestsellers Relationship Economics® (Wiley), and Co-Create (St. Martin’s Press), as well as the forthcoming Curve Benders (Wiley, 2021), Nour serves as a trusted advisor to global clients and coaches corporate leaders. He is an adjunct professor at the Goizueta Business School at Emory University and Vanderbilt University’s Owen Graduate School of Management and was named to the Global Gurus Top 30 Leadership Professionals list. A Forbes Leadership contributor on the Future of Work, and an Inc. contributor on Relationship Economics, Nour’s unique insights have been featured in a variety of prominent publications, including The Wall Street Journal, The New York Times, Fast Company, Huffington Post Business, Entrepreneur, and Knowledge@Wharton. He’s also the host of the popular Curve Benders podcast.

Born in Iran, Nour immigrated to the U.S. as a teenager with $100, limited family ties and no fluency in English. He graduated from Georgia State University with a bachelor’s degree in business management and went on to earn an Executive MBA from the Goizueta Business School at Emory University. He resides in Atlanta, GA, with his family. Learn more at www.NourGroup.com.

 

Inclusive Leadership During a Crisis: How to Lead Equitably and Compassionately

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Inclusive Leadership During a Crisis: How to Lead Equitably and Compassionately

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This blog is provided by Taryn Oesch DeLong, managing editor of digital content for Training Industry.  It is a companion to her interview on Innovating Leadership, Co-creating Our Future titled Research Findings on Women’s Access to Leadership Development that aired on Tuesday, September 22nd, 2020.

“The coronavirus pandemic has cast an irrefutable spotlight on social and workplace inequity — and places an urgent demand on employers to lead responsibly and with compassion.”

This statement from a report by Time’s Up, the organization created by 300 women in the entertainment industry in response to the #MeToo movement, reflects a current concern of many leaders, especially those managing remote teams or creating leadership training programs during the COVID-19 pandemic. Interest in TrainingIndustry.com articles on topics related to leadership, supporting employees, managing in a crisis, and diversity and inclusion has increased in recent months — which is good. It means leaders, and learning and development (L&D) leaders in particular, are looking for ways to lead compassionately and equitably during a year that sometimes feels like a never-ending crisis.

In a recent article for TrainingIndustry.com, “Leading During a Crisis: Retooling Leadership,” Maureen Metcalf wrote that effective leaders, particularly during a crisis, have an “unwavering commitment to right action.” They identify the right course for the organization and its people, and they alter that course when needed. One right action, the importance of which has been highlighted by recent events, is inclusive leadership.

What Is Inclusive Leadership?

According to Training Industry’s glossary, “Inclusive leadership is present in organizations and leaders that make a concerted effort to promote and support diversity and equity in their teams and companies. Inclusive leaders create environments of transparency and psychological safety to encourage idea sharing and innovation by embracing perspectives from diverse backgrounds.”

In other words, leading inclusively means going beyond values statements and diversity pledges. It means ensuring equitable opportunities for all employees. It means creating an environment where people are valued for their intrinsic worth as human beings rather than on surface achievements or attributes. And, it means honoring each person’s unique gifts and contributions.

Why Is Inclusive Leadership So Important in a Crisis?

As months of COVID-19 have gone by, we’ve seen that the impacts of coronavirus have not been distributed equitably. People who already lived with inequities, such as people with disabilities and chronic health conditions and people of color, have been disproportionately affected both by the illness and by the economic fallout. And the challenges of working from home, often while managing a household with children and/or elderly family members, have placed an added burden on women, who already faced an often uphill climb to career success.

The COVID-19 pandemic is not the first crisis to have a harsher impact on disadvantaged groups of people, and it will not be the last. Fortunately, the more we develop leaders who know what it means to lead inclusively, the better equipped we will be to handle such crises in the future.

How Do Inclusive Leaders Support Their Employees?

Inclusive leaders not only strive to have teams that include diverse perspectives, but they also work deliberately to ensure that those diverse perspectives are honored and the people who share them feel that their gifts are valued and cultivated.

For example, Training Industry research has found that women who believe their managers support their career development are more likely also to have equitable access to leadership development when compared with men. This finding sounds obvious but is critical for organizations to understand, especially if they are to succeed during a crisis.

A manager’s job is not just to assign work and make sure it’s completed. In our current job market, workers are looking for jobs that go beyond putting food on the table and also provide them with development opportunities to grow their skills and advance their careers. LinkedIn Learning’s 2018 “Workplace Learning Report” found that 94% of employees would stay at their employer longer if it invested in their career, and the most common reason “employees feel held back from learning is because they don’t have the time” — in other words, their managers are not giving them support, in terms of time, to grow.

During the pandemic, employees who started working from home due to health and safety concerns found themselves with blurred lines between work and life, and many had to juggle their parenting or other caregiving responsibilities with their work responsibilities. With such demands on an employee’s time or energy, learning can all too easily fall by the wayside. During this crisis, inclusive leaders have sought with compassion to understand their team members’ needs and identify ways to support them. While it may have meant that their employees put less time in on the clock, it almost certainly meant that the work they did do was of a higher quality, because they were able to focus more of their energy on it.

How Can Organizations Develop Inclusive Leaders?

Including information on diversity, equity and inclusion (DEI) in leadership training programs is important to developing inclusive leaders. DEI training is notoriously difficult to implement well, but in general, if a program goes beyond lip service, includes practical and relevant information, and is led by a credible instructor, it can be effective in cultivating inclusive leaders.

It’s also important to teach leaders how to coach and, especially, how to coach employees from underrepresented or disadvantaged groups. Coaching is an effective tool for behavior change and personal development. It also, according to Training Industry research, can bridge the gender gap in leadership development access. Female survey respondents who had received formal coaching reported almost equal levels of access to leadership development when compared to male respondents. Inclusive leadership training, then, helps managers learn how to provide personalized coaching that meets the unique needs and preferences of their female employees.

Finally, as Dr. Stefanie K. Johnson, author of “INCLUSIFY: The Power of Uniqueness and Belonging to Build Innovative Teams,” wrote in a TrainingIndustry.com article, “If we are to train leaders to be inclusive, we need to know what makes people feel included.” Her research identified uniqueness and belongingness as keys to an inclusive culture. In a work-from-home pandemic workforce, the ability of leaders to understand team members’ unique needs and make sure they feel like they belong is more challenging — and more rewarding — than ever.

To become a more innovative leader, you can begin by taking our free leadership assessments and then enrolling in our online leadership development program.

Check out the companion interview and past episodes of Innovating Leadership, Co-creating Our Future, via iTunes, Google Play, TuneIn, Stitcher, Spotify and iHeartRADIO. Stay up-to-date on new shows airing by following the Innovative Leadership Institute LinkedIn.

 

About the Author

Taryn Oesch DeLong is managing editor of digital content at Training Industry, where her work has received an APEX Award of Excellence and a Regional Bronze Azbee Award. She is also the co-host of “The Business of Learning,” the award-winning Training Industry podcast, and contributed to the 2020 book “Global Perspectives on Women’s Leadership and Gender (In)Equality” (Palgrave Macmillan). Taryn is the board secretary at The Power of the Dream, a nonprofit creating jobs for adults with autism and IDD in the Raleigh, N.C., area and a coach for Miracle League of the Triangle. She serves her faith community as managing editor of Catholic Women in Business and assistant editor and contributing writer for FemCatholic.

Grow as a Leader with These 3 Essential Psychological Skills

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Grow as a Leader with These 3 Essential Psychological Skills

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This blog is provided by Nashater Deu Solheim, Founder and CEO of Progressing Minds AS.  It is a companion to her interview on Innovating Leadership, Co-creating Our Future titled The Leadership PIN Code: Unlocking the Key to Willing and Winning Relationships that aired on September 8th, 2020.

 

We’ve all had the experience of watching someone from the sidelines and admiring their leadership ability. Their skills are not always concrete, tangible, or observable from the surface. In fact, it is the subtle arts and nuances of what leaders do that makes it look so natural.

Some, of course, are natural-born leaders who are great with people. But great persuasion, influence, and negotiation can also be learned, and there is opportunity for you to learn the nuance of effective leadership as well. How do you, in a moment of leadership, translate all your expertise and knowledge towards positive engagement with your stakeholders or employees?

In a word, PIN: Persuasion, Influence, and Negotiation. Here’s why those three psychological skills are essential to your growth as a leader.

Persuasion

Persuasion is the process by which one person achieves their goal to change another person’s viewpoint or position on a matter. Persuasion is an everyday necessity for leaders. Persuasion is about closing the gap between you and your position and the other person and his position, which makes up a good deal of leaders’ time.

An engaged leader is curious in everyday interactions, asking the other party questions to establish their interest. Armed with answers, he can then start to challenge facts. Persuasion is often about guiding others to identify the gap between what they believe to be true and actual facts or likelihoods.

Parents do it with children. For example, when a child says, “I don’t want to jump off the diving board at the swimming pool.” The parent asks what he thinks will happen. “Well, I think I’m going to bang my chin on the board,” the child responds. The parent, in turn, explores the facts in the gap, pointing out that by standing at the end of the diving board, banging his chin is nearly physically impossible. The child is persuaded to change his perspective by drilling down into facts.

The psychologist Robert Cialdini has shown that humans are persuaded to another person’s point of view not by luck but by the manner and methods by which the persuader captures our motivations, interests, and what is valuable to us, thereby either motivating us or drawing us in towards the choices they would like us to make.

Effective persuasion is at the core of good business. Focusing on the needs, interests, and feelings of the other people in the room make it much easier to create a collaborative, energetic mindset. Reaching people isn’t necessarily about changing their mind. It’s about showing them that you understand theirs.

Influence

Influence is the power or capacity of causing an effect in indirect or intangible ways. Influence may seem ineffable, but it can often be traced to specific kinds of practices. In many cases, it’s the result of a person’s mindset, behavior, and conversation skills.

Influential people know how to ask effective questions, give clear responses, and steer conversation in a productive way. They know the power of body language and make an effort to put people at ease with their gestures and tone of voice. They also take the time to prepare, research the people they’re going to interact with, and take the time to learn about others’ cultures, interests, and goals.

Influential leaders have high-performing teams and respectful, cooperative, and collegiate rules of engagement. They have also built trust so deeply within their teams that they can challenge, handle conflict and differences of opinion, and use them to renew their agenda, goals and targets in a positive way.

There are some common errors that leaders make when it comes to cultivating influence. These errors can lead to dysfunctional work environments and can harm their relationships with clients. For example, positive influence comes from collaboration, not competition, but often, leaders focus on their own gains at the expense of others’ needs.

Another common influence error comes when leaders are reactive, not proactive. When they jump into tasks or make changes without ensuring that their key stakeholders or team members are committed, it can lead to conflict. Impulsive and unpredictable leaders will find it hard to establish trust among their employees.

Finally, rigid ways of thinking are bad for business. When leaders have a “know-it-all” attitude, adopt an “if it’s not broken don’t fix it” mantra, and hold a hierarchy-obsessed mindset, they often aren’t flexible enough to satisfy their clients and employees.

Negotiation

According to the Harvard Negotiation Project, negotiation is back-and-forth communication designed to reach an agreement, even though each party sometimes has conflicting interests. Negotiation is far more relevant to leadership than you might believe and not just in relation to contract, financial or commercial negotiations where there are rules to follow and margins to maintain.

In today’s world, negotiations between countries and political parties have huge business negotiations behind them with multiple aspects often related to defence, trade or access. Leaders negotiate with other people all the time.

Often, powerful leaders don’t think they should have to negotiate with their employees because people are employed to do what the leader asks. Yet negotiating is about creating the win-win in which the opportunity is framed. Yes, the employee may be obliged by virtue of their role to do the task, but creating a culture of willing collaboration rather than coerced delivery is the difference between an effective negotiating leader and an entitled one.

When looking at projects or negotiations, plan and strategize beyond reaching your goal. What potential scenarios could take place? What are the success factors versus failure factors? As in a one-minute leadership approach, make sure there’s no gap between what you want to communicate and what you’re actually doing. Much of this is anticipation and planning ahead for various scenarios.

Leaders fail at negotiating when they neglect the momentary check and balance of thinking before they speak and preparing before they act. On the fly is rarely a successful strategy unless you’ve over-rehearsed.

Great Leaders Rely on PIN Skills

As a leader, have you ever wondered why sometimes you get the traction you want with people and other times you don’t? It’s not luck—you must be able to persuade and influence those you lead to get results in a positive way.

PIN is the power of using psychology in business in order to have the positive impact and influence you need to motivate your team and peers. It also allows you to continuously negotiate with managers, stakeholders or adversaries to make real progress. Great leaders infuse PIN skills in everything they do to move their organizations forward with the willing participation of their teams, peers, and stakeholders to create the wins they need.

For more advice on persuasion, influence, and negotiation, you can find The Leadership PIN Code on Amazon.

 

To become a more innovative leader, you can begin by taking our free leadership assessments and then enrolling in our online leadership development program.

Check out the companion interview and past episodes of Innovating Leadership, Co-creating Our Future, via iTunes, Google Play, TuneIn, Stitcher, Spotify and iHeartRADIO. Stay up-to-date on new shows airing by following the Innovative Leadership Institute LinkedIn.

 

About the Author

Dr. Nashater Deu Solheim brings a new toolkit to leadership development that is backed by decades of integrated experience in the areas of business and psychology. As a former forensic psychologist with clinical research in the neuropsychology of criminal minds, she developed a deep interest in effective learning strategies for lasting success. Now, as an expert negotiator who studied at the Program on Negotiation at Harvard Law School, Dr. Solheim has combined her experience as an executive leader in international private companies and government ministries to present The Leadership PIN Code, the definitive guide for helping business leaders secure influence and impactful results.

 

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