You are browsing the archive for 2011 Dezember.

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by Tom

Merry, peaceful and transparent

Dezember 23, 2011 in Private Banking

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We wish all our clients some peaceful and merry days. And since the year-end is positioned very friendly for entrepreneurs this time round, we’ll extend our holiday greetings to extend towards a list of new year’s resolutions we want to see put forth by banks for 2012. In the new year our favorite bank will:Vegi Languste

  • sell only products that fit the client’s risk profile and time horizon
  • measure their own success by the performance generated for their
    clients
  • establish a triple bottom-line reporting for investment products
  • be getting serious about mobile advice and social sales
  • understand social entrepreneurship as a complement to philanthropy banking

Obviously we are looking forward to many engaged discussions in 2012 and welcome dedicated guest writers…

Indulge responsibly and have fun!
your anvalad team

 

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by Tom

Leadership Wrap-Up

Dezember 15, 2011 in Financial Services, Investment Banking, Private Banking, Success Stories

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So to wrap-up all of these practices into a short but comprehensive summary:

  • leaders create an environment of active mutual support.
  • And any environment is only defined by what we create, promote or allow.
  • In that sense leadership has nothing to do with organizational rank or financial powers but all to do with your inner wiring and worldviews.

You can start leading today. Just don’t believe everything you think.

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by Tom

Stories – the leadership conversation

Dezember 9, 2011 in Financial Services, Investment Banking, Private Banking, Success Stories

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But how can you determine a good leadership conversation? Practiced and mature leaders have established a solid social identity through conversations and they apply the following:
- They challenge business as usual and think beyond what’s deemed appropriate and possible
- In speaking for the future they inspire alignment along a shared vision
- They are enabling others and foster collaboration amongst teams and individuals
- They model the way, act as a role model and “walk the talk”
- And they encourage the heart in recognizing success and celebrating it

Obviously putting this guidance into practice will not be straightforward and you will have to be prepared to deal with setbacks and iterations. And that is the crucial point where you really can make a difference. Whenever you and your team commit to a new possibility and run into an obstacle you can choose a response in both speaking as well as acting. So whatever you say or do will either perpetuate the status quo or move you further on the path towards your objective. And to do the latter it is best to seek the active support of your colleagues and to reaffirm the commitment originally pursued. It is this spiral of setting an ambitious objective and dealing with setbacks that takes time and perseverance. To honor this path you will have to take a clear stance towards what you consider realistic and ambitious: “A true leader always speaks respectfully about the past, realistically about the present and optimistically about the future”, says Jack Weber, Professor of Business Administration at the Darden Graduate School of Business at the University of Virginia. In his over 20 years of researching and teaching leadership Jack and his wife Carol have helped many global organizations to manage the transformation towards a leadership driven culture.

Another practice that differentiates the leader from the manager is how this positive attitude towards a great future is established. While managers usually make assertions, leaders make declarations. An assertion is something that can be underpinned by a plan and usually can be proven. And though this is certainly required for many administrative tasks it will not promote thinking outside the box of your trained worldview. When JFK dreamed of putting a man on the moon within a ten-year time frame, people didn’t think it would be possible and he himself had no idea how it could be done. But still in declaring this visionary possibility and by repeatedly re-asserting his commitment to that endeavor he was able to motivate and align a whole nation to work towards a glorious target. And it’s these BHAGs – big, hairy, audacious goals – that fuel many amazing leadership feats. Take for example the young team that decides to turn an average fish stand in a Seattle open air market into a buzzing, thriving and globally known example of business leadership (check out the great videos at http://www.pikeplacefish.com/). Obviously you will have to determine and pursue your own BHAG and be sure to keep a firm grip on it during setbacks and disappointments. One fact that can also help you through these difficult stages is the statistic, that true innovation adoption only requires a mere 16% of critical mass. In his book, “The tipping point”, Malcolm Gladwell outlines how new ideas and trends become mainstream. Usually only 2% of any sizable population can be considered pioneers, who take on risk and try out new ideas early. Another 14% can be considered early adopters who observe and evaluate the experience made by the pioneers and are eager to still obtain a fast-mover bonus in utilizing new trends and technology. And once you have convinced those 16% you will enter the mainstream and late adopters usage patterns where existing trends propel themselves without the need to be actively pushed forward.

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by Tom

Possibility thinking

Dezember 3, 2011 in Financial Services, Investment Banking, Private Banking, Success Stories

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Usually the lifecycle of new ideas progress through several stages: First it is ridiculed, negated and called impossible. Then it is labeled irrelevant and at last it becomes what everybody knows. When you want to move an idea from the first to the last stage you have to employ possibility thinking. The bestselling author Milan Kundera found his own metaphor for the fact that as leaders we have to think, listen, speak and act differently than when we manage. He wrote: “When the heart speaks, the mind finds it indecent to object.”

So as we have started with our own thinking and learned about the possibility to break free from our inner box by reflecting on our own worldviews, we now have to move to the second most important lesson in leadership – on how to listen. Most of the times we don’t pay special attention to the way we listen. It is something intuitive and we do it so regularly that almost everyone considers himself a good listener. But most of the time we are listening in one of two modes.

  • When we are in evaluative listening mode we are trying to find the flaw in whatever out communication counterpart is saying. We constantly check what is said with what we know ourselves and are quite ready to intervene or at least, in a more polite manner, mentally note down the flaws and counter arguments for later use.
  • The second regular listening mode is when we listen for action. Here we constantly ask ourselves how what is said will or might impact ourselves. Often political conversation within companies is full of evaluative and action screening listening.
  • The third and rarely applied mode of listening is how leaders try to listen: In a constant state of active mutual support.

When we listen for possibilities we are trying to support what is said by our own stories and experience. And even if we are skeptical of what is said we try to think about the possibility and what experiences could indeed make that possibility a reality. When you are in that mode of listening, you are constantly trying to speak for someone or for something.

And indeed it is a great daily exercise for every aspiring leader to pick one person in your professional environment and actively speak for him or her in front of other people. You will find that it is very unusual at first and depending on the level of leadership culture that prevails in your company it might even trigger some cynical comments. Do it anyways and make it a habit and you will find how this practice starts to change the way your communication flows. Because leadership indeed occurs in conversations it is very much about which stories are people telling about you whenever you are not there. Hence another definition of leadership is to leave your environment saturated with positive stories. With every story you can choose to manifest ones worldviews or to alter them.

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