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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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by Tom

Management vs. Leadership

November 21, 2011 in Financial Services, Investment Banking, Private Banking, Success Stories

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First of all you have to be aware, that management and leadership are not mutually exclusive but instead management is the foundation of discipline and rules and values that leadership is built upon. You cannot become a great leader without the proper respect of just what it takes to formally run a company, achieve commercial objectives or organize a work force effectively. But in turn to excel in all of these areas does not inspire a vision or nurture creativity – to do that, you will need leadership.

And while management skills should not be eliminated or neglected they can be counter intuitive to developing your leadership skills. Trained and conditioned to rely on knowledge and facts and to measure progress with hard numbers we are often caught on our wrong foot when dealing with people. Leadership on the other hand needs to work with values and world-views, terms that will sound fuzzy and hard to grasp and rarely can be measured in hard facts. And while motivation can be an indicative gauge to judge the effects of a leader’s actions it is not the purpose of leadership to motivate staff. Rather can successful leadership instill a sense of purpose and direction that helps your staff to tackle their work motivated and with an inner drive. As a direct definition you could derive that leadership is about altering what others think that is appropriate and possible.

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by Tom

Out and about – how much Time & Effort do you spend on Partners

Januar 25, 2011 in Help Wanted

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So it’s my favorite little spot behind the money facades just off of Zurich’s Paradeplatz. And it’s yet another evening I spend with business partners that harbor the same dream as anvalad’s partners. Creating a mutually and financially beneficial business relationship with complementary products, skills and networks. Most likely you have spend enough hours planning and executing similar strategies and implementing co-operations that followed parallel hopes. The following best practices I have summarized over the past three years, after many such co-operations loosing their charm or never ever getting off the ground in the first place:

  • Do you like the people involved – if the answer is “no” you might stop right away. Though I have tried for three or four times it never actually worked out even though our mutual products seemed more than fit for a joint marketing and sales strategy
  • Do you really! know the product – if the answer is “no” you might stop again. And I didn’t put that exclamation mark in for good measure – you really have to spend more time with the product or service that you going to pitch to your trusted customers than with the people involved. So any partnership really is more of an investment than a couple of dinner checks and some happy hour shouting over the crowd.
  • Do you see any results hands-on – this one I usually give 30 – 60 days depending on the product complexity or service turnaround involved. But if you don’t have some promising leads or a true project after the first working sessions it is not likely that your client roosters are going to help you in a partnering context.

I’d be glad to hear from some fellow readers out there, what their best practices sound like. When have you made a business partnership a true commercial success? I’ll keep you posted on ours…

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