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Archive for the ‘Success’ Category

Curing The Leadership Crisis

Thursday, December 11th, 2014

John Allison: The Leadership Crisis and the Free Market CureWould the principles that make one an effective, successful and happy individual create those same results for a company, and for society as a whole? In this absolutely terrific book on leadership, the author says that yes, indeed they would.

The following is from John A. Allison’s introduction to his recently-released, The Leadership Crisis And The Free Market Cure:

“{T}here is a set of ethical principles that is consistent with the laws of nature and the nature of humans that is the foundation for individual success and happiness. These same principles are applicable to organizations and to society.”

“The ultimate goal in life is to achieve happiness {in terms of} a life well- lived.” … “In this overall context, this is a book about leadership in the pursuit of happiness, at the individual, organization, and societal level.

“The foundation for this concept is self-leadership, which is essential for organizational leadership. Most failures of leadership are failures of self-leadership. And, most organizational failures are caused by failed leadership.”

It’s safe to say that Mr. Allison knows from whence he speaks. The prestigious Harvard Business Review named him one of the decades top 100 most successful CEOs.

More importantly, for 20 years he served as Chairman and CEO of BB&T, one of the largest financial institutions in America, growing the bank from $4.5 billion to $152 billion in assets during his tenure. And, they were hugely successful during a time when many banks failed spectacularly.

But, perhaps the banks’ huge profits came as a result of cronyism and sub-prime loans?

Actually, no. BB&T was one of the few banks that did not involve itself in sub-prime lending, writing only conventional mortgages. Mr. Allison was very outspoken against sub-prime lending, as well as cronyism in all its forms, including that between Washington, D.C. and many of the major banks.

When the bubble burst and banks were going under, he and his bank were left standing tall; not only in reputation…but in profitability, as well.

How Was This accomplished? Through rational, long-term thinking combined with a desire to provide exceptional value to customers, employees and shareholders alike.

And…by acting from a base of uncompromising values.

Now CEO of the highly-regarded libertarian think tank, Cato Institute, Allison approaches life and leadership from a very practical, logical, and rational viewpoint. He also approaches his relationships with employees and customers with an extremely benevolent, win/win mindset (as he referred to it, “getting better together”) always at the forefront.

Like the vast majority of ultra-successful people I’ve known and in this case, studied (I’ve been a fan for quite a while), he understands that happiness is the ultimate goal; that financial success is just one aspect of overall success and happiness. And, that all leadership begins with self-leadership; mastering ourselves and our character traits.

Two Distinct, But Integrated Parts

Part One, “Values in the Pursuit of Happiness” includes a chapter on each value that he deems vital and necessary to one’s successful pursuit of happiness. They were also the principles he used to lead at the bank.

They include being Reality Grounded, Reason (Objectivity), Independent Thinking, Productivity (Profitability), Honesty, Integrity, Justice, Pride, Self-Esteem (Self-Motivation) and Teamwork (Mutual Supportiveness).

According to the author, “Not only are these values not contradictory but they are integrated. Failure to execute on one value will make it impossible for you to execute on another value.”

Part Two, “Leading for Personal, Organization, and Societal Greatness” is really a Masters Degree in business leadership. That it’s told from the personal experiences of a man who has been there, done that very successfully, and is willing to share exactly how, is truly a gift. Absolutely fascinating and enlightening.

While again, logic and reason are very important to the author, his writing is warm and thoughtful, and he certainly understands the dynamics of emotion and human nature; that most people make decisions based on their emotions being in control. Yet, as he says, “Emotions are not a valid means of knowledge.”

So, how does he suggest we don’t make counterproductive decisions based on this fact?

“The goal should be to train your emotions so they automatically support the conclusions that your rational mind determined.”

Powerful!

One of my favorite points had to do with the importance of understanding the relationship of value and money, and that a business only makes money to the degree they focus on bringing value to their customers. I loved this gem:

“In the 1960′s, the CEO of General Motors announced that the mission of GM was to ‘make money.’ Shortly thereafter GM’s earnings started to decline. GM was created to make cars in a variety of price ranges and quality categories. Its real purpose is to make ‘good’ cars, and when it does this very well, it gets to make money. At BB&T our real purpose is to help our clients be financially successful and economically secure, and when we do this well, we can make money for our shareholders.”

He also warns about what he calls the “ultimate psychological sin of evasion.” This occurs when we choose not to explore what we know we should explore because we are afraid the information will not concur with our already-established views. Evasion has a dramatically negative impact on one’s happiness, as well as the success of a business or a society.

The author is very firm regarding the importance of staying focused on truth. He says, “When we evade, we are detached from reality and cannot learn or grow.” True both for individuals and for businesses. And, for society? He asks, “Do our political leaders make decisions based on reality?”

The pages of my copy of the book are filled with notes and underlines as well as starred and bracketed sentences and paragraphs. I simply cannot do this book justice in a single post. Let me suggest — if I may — that you purchase this book, read it, study it, and then buy it as a gift for all the leaders and potential leaders in your life.

There are a lot of excellent leadership books on the market and I’ve benefited from reading many of them. This one might just be the most important one yet!

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P.S. Here are just a few more gems from the book I couldn’t resist including. And I worked hard to whittle it down to just these: :-)

“It is a significant error for a leader to promote a vision and not deliver. This is a fundamental breach of trust with the organization’s constituents.”

“The organizing principle of human action is purpose….{W}e are purpose-driven entities.”

“If your work is just ‘work,’ you are missing a lot of what life is about.”

“The ultimate societal incentive is freedom.”

“It is noteworthy that we seem to tolerate a level of dishonesty in politicians that we would not tolerate at work or with our friends.”

“It is irrational to expect someone to change his or her behavior based on nonexistent feedback.”

“The primary manner in which you earn self-esteem is by living your life with integrity and living your life consistent with your values.”

“Much of leadership is based on the ability to integrate multiple specialists to accomplish complex work that no single specialist could achieve alone.”

“Successful communities (teams) are created by voluntary mutual consent…Successful teams and communities cannot be built using force.”

“The compound self-esteem impact of working to your potential day in & day out is significant.”

“Earning money is tremendously rewarding, even if you give it all away. Earning money in a free society is a symbol of productivity and has a meaningful psychological reward. It is the earning, not the having, that is valuable.”

“Remember human flourishing — happiness — is the end of the game.”

The Continuum of Thought

Sunday, December 7th, 2014

Feel Good!Yes, thoughts are things. And, each act of human creativity, every invention; indeed, all progress is preceded by thought.

Thought, combined with correct action and fortified by burning desire, belief, determination, and dogged persistence is almost unstoppable.

However, on another level, in this case an emotional level, let’s look at three different types of thoughts and how they serve or do not serve us.

Productive Thoughts: These make you feel good; they are empowering. Thoughts with positive, uplifting feelings put you in a good place for personal productivity, accomplishment, and overall happiness. While these good thoughts can simply happen on their own, by and large they are the result of choice and conscious awareness (and, in my case, a yellow sticky note on my computer that says, “FEEL GOOD!”)

Productive thoughts are also seeing the good side of something rather than the bad (congruent with reality) such as judging someone favorably when you don’t know their intent. And, very importantly, feeling gratitude for the many blessings in your life, big and small.

Neutral Thoughts: These bring forth neither good feelings nor bad. They’re not negative and they’re not positive. It’s not so much that they are realistic as much as they are without conscious thought.

Counterproductive Thoughts: Anger, resentment, ingratitude, grudges, etc., can absolutely eat away at a person. They result in bad feelings and, unchecked, can only undermine happiness. As one who for many years lived like that it’s still very easy for me to allow myself to fall into the trap. When this happens, I am now able to catch myself quickly (usually) and consciously interrupt the pattern.

These negative thoughts and feelings are fed through actions such as gossip, complaining, judging others unfavorably, victim-hood, accumulating debt and more. They also go hand-in-hand with poor self-esteem.

Every morning I read the brief email from Abraham-Hicks. Nearly 100 percent of the time, the message has to do with allowing yourself to feel good; consciously deciding to feel good. I read it so that I remember it. Without these reminders I find it too easy to forget; yes, despite the above-mentioned sticky note.

So, in the continuum of thought, from helpful to harmful, where do you usually stand?

How do you keep up the productive thoughts and good feelings? Any suggestions?

Integrity and Honesty — For YOUR Sake

Tuesday, November 25th, 2014

Integrity and HonestyIn his new book, The Leadership Crisis And The Free Market Cure, John Allison defines Integrity as, “the harmony of mind and body” and says that, as a principle, it “guides us to act consistently with our beliefs.”

After a brief but brilliant explanation regarding how one cannot act with integrity if one’s values are either contradictory or not aligned with reality, the former BB&T CEO, now CEO of the libertarian think tank, Cato Institute made what I felt was another profound point:

“Many people view integrity as some form of duty. Integrity is not a duty. It is a means to improve the probability of being successful and happy.”

I find that statement to be powerful because if one displays integrity simply out of obligation to others, he or she cannot truly be happy. It’s only when one lives in integrity because it is congruent with their own values and how they wish to relate to the world that it can lead to happiness and personal fulfillment.

The extra benefit to living with integrity is that others respect you; they trust you more…and are more likely to want to be in relationship with you.

Mr. Allison’s teaching reminded me of wisdom from another person I also greatly admire, the late, Harry Browne.

Mr. Browne, whose classic on sales is – like Mr. Allison’s book on leadership as well as a recently-reviewed book by Russ Roberts — a spectacular treatise on understanding human nature wrote:

“Honesty is not a self-denying virtue. It’s one of the greatest assets a salesperson can have.”

There are two parts to this, as well. First, you are honest not for the sake of others (though, that is also very important) but because it is congruent with your personal value system. This allows you to be happy. And, in the end, happiness is what we as human beings ultimately desire.

The additional benefit to being an honest salesperson is the degree of trust you earn from your prospective and current customers and clients. This results in their gladly buying from you and just as enthusiastically referring you to others.

Yes, living with integrity and honesty certainly makes you more valuable to those whose lives you touch and influence. It affects you, however, on a much deeper level.

Because, when it comes right down to it…

It allows you to genuinely feel good about yourself and live with a sense of joy, peace of mind, and happiness.

Your thoughts?

Position Yourself As The Authority in Your Field

Tuesday, November 11th, 2014

Authority AlchemyLast post we looked at some of the key points and takeaways from the recent David Neagle Accelerate Live event Kathy Zader and I attended in Fort Lauderdale, Florida.

David also brought in several terrific speakers. Two of them were the team of  Jack Mize and Brian Horn of the highly-regarded business and personal positioning firm, Authority Alchemy and hosts of the extremely popular podcast by the same name.

How does one position themselves as the expert and authority in their field? We learn, first from Jack Mize, the big mistake most make and that the answer — while somewhat counterintuitive — makes a lot of sense:

Powerful! Indeed, by taking the focus off yourself and instead advocating for your prospects and clients, you create the proper environment for your own expert positioning, or being the authority.

And, what about utilizing both traditional and online media to help in the positioning process? According to Brian Horn, who has been featured on media as far-reaching as The Howard Stern Show to Huffington Post and the major television networks, the good news is that whether your desired platform is local or national, you can build upon your small successes in order to go (and grow) big.

Great concept — “The Authority Snowball.” Love it!

What were your biggest takeaways from Jack and Brian? And, what can you begin to apply right now in order to position yourself as the Authority you know you can become?

Abundance Mindset – Powerful Influencer

Friday, November 7th, 2014

David NeagleThis week I attended Accelerate Live, a four-day event held by David Neagle. The Founder of Life is Now, Inc., David is a very highly regarded income acceleration mentor and giant in the personal development field.

Having mentored a large number of hugely-successful proteges, he has certainly unlocked the door to financial success as well as other areas where success can be defined and measured.

The entire event was extremely well-staged and choreographed, and with a support team in place — including his team of personally-trained coaches — that allowed David to do what he does best…teach from stage.

On a personal note I found it very cool that his mentor was Bob Proctor, upon whom the character Pindar in John David Mann’s and my book, The Go-Giver is loosely based.

While the event’s theme was Influence it was really all about living a life of both personal and professional success. The first two days were more about mindset; the last couple of days more about strategy. Yet, even within the strategic how-to…there was always mindset.

Why? Because it’s always about mindset. We are all human beings constantly dealing with ourselves as well as with other human beings. If we don’t feel good about ourselves; if we don’t see ourselves as winners, if we don’t feel abundant then it’s awfully difficult to influence another person that they will be better off by doing business with us.

Of the many gems shared by David here are just a few:

  • “Create in your mind what you want to accomplish, then grow into the person who accomplishes it.”
  • “Most will only go after what they think they can accomplish; not what they really want.”
  • “How does your prospective client know — just by being in your presence — that you can help them?”
  • “People hear with their ears but they listen with their emotions.”
  • “Hope or wish is {a representation of} internal or external discomfort. It doesn’t mean they want to change.”
  • “Help them get to the point where they can choose to change for themselves.”
  • “When around negative people, the moment you stop consciously rejecting it, you start subconsciously accepting it.”

An abundance mindset with a true focus on bringing value to others leads to powerful influence. Terrific event and valuable lessons!