Financial legacies are the most damaging, warns Jeff Killeen. âDonât get trapped into adopting someone elseâs budget,â he says, âeven if the board puts pressure on you to lock down a plan. You need several months to assess assumptions, and budgets are products of assumptions, thoughtfully drafted. You need time to think about the right metrics and business drivers, and then you need time to think about the talent and resources necessary to pull it all off. By letting yourself compromise on this point,â he concludes, âyou give up a slide of your credibility. God forbid you adopt someone elseâs plan, knowing you want to revisit their assumptions. Six months later when you do that and you have to reforecast, the board wonât remember that thatâs what you said you were going to do.
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She believes we need to move from mentors to sponsors because a sponsor advocates on your behalf.
Sallie says, âAll the important decisions about your career are made when youâre not in the room. People decide to hire you, fire you, promote you, fund you, send you on the overseas assignment, all when youâre not there. So how do you ensure that you have someone in the room fighting for you? I would strongly argue that you need to have in place your Personal Board of Directors. Those are your mentors, your sponsors, your confidants, the people you can turn to when youâre thinking about a career transitionâfor the kind of advice your boyfriend, your parents, and your best friend from college just canât give you.
Two, take the time to listen before you do anything else. You will set the tone; it will be very difficult to reset it. If you start off by imposing your views on people, youâre not going to have what you most need when you most need it - namely, the commitment of the people you need to get the work done. Even if youâre right and you end up in exactly the same place as you thought you were going to end up, the experience of stopping and doing nothing but being a very good listener for as long as you can stand it is the most important thing to do. The whole act of talking to the top people is the first step towards gaining their commitment and understanding, which you must have if you donât get it the first time. Until you get a consensus, that everyone agrees on - these are our priorities, and hereâs whoâs going to work on them, and hereâs how our midcourse correction is going to be if weâre not right, and here are the things we canât put off - take as long as you can stand to get that front end clear, committed, understood, communicated, massaged, and changed.â - Henry Schacht
Most likely you have more time than you think to develop your strategic agenda. While people expect fresh perspective from a new leader, a new style, and probably a new energy level, most do not expect a wholesale new direction, at least early on.
Thereâs a lot to be said for effective listening and for not sharing plans prematurely. Not only does it tamp down the amount of potential distraction within the organization, it also nips public scrutiny and second-guessing in the bud. The last thing a new leader needs, especially in a crisis situation, is to have the media and industry pundits questioning, analyzing, and deconstructing your plans even more than they already will be doing. Big pronouncements, especially early in your tenure, make big impressions that can come back to haunt you. âIf youâre going to make big calls, you better be right,â counsels Steve Bennett. âBecause if you come in early and you make big calls and youâre wrong, the whole organization is going to lose a lot of confidence in you.â
Vision for visionâs sake is counterproductive. Determining a course for the organization is a process that usually requires more time than most people foresee. It should be iterative, building off your strategic agenda, sharpening and clarifying the path based in experimentation and feedback.
A frenetic approach just makes the company even more unstable. One, youâre not likely to be right. Two, even if you are right, nobody knows what the heck youâre doing. Three, you havenât bothered to listen to anybody, so you have strained relationships you want to cement. Now, if youâre going to run out of money in five or six days, youâve got a bit of a different story than if youâre going to run out of money in ninety days. Thatâs what I call the âburning platformâ problem. If youâve got a burning platform problem, you donât have a lot of time, so you have to take things in two steps. You have to gather your team together and say, âGuys, before we do anything else, we had better put this fire out. Then weâll take a deep breath.ââ - Henry Schacht.
Do yourself the favor of getting lots of options, then culling the list down to a short and manageable size (five max); then make the best choice that you can, given the time and resources available to you, get on with it, and build your way forward. Note that if youâre doing this with prototype iteration, you donât have too much at stake, and you will be able to adjust as you go, before you really reach a significant investment. And once you make a choiceâthen embrace your choice and go with it. When the questions that lead to agonizing creep into your head, evict the thoughts, and direct your energy into living well the decisions youâve made. Pay attention and learn as you go, of course, but donât get caught with your eyes fixated on the rearview mirror of decision regret.
This letting-go step relies primarily on personal discipline. Keep your reframed understanding of decision making handy, and be sure to win the internal argument with yourself when youâre tempted to rehash and ruminate. Put in place the support you need to stick with itâfind a life design collaborator or team to help remind you why you made the choice or choices you did; make a journal entry about your decision, and reread it when you get confused. Find what works to enable yourself to enjoy your choices fully.