Move over FOMO, it’s a new age of JOMO.
A panel of economists recently presented their predictions for 2020 at The Executives’ Club of Chicago. This annual event is always thought-provoking, controversial, and occasionally funny. This year the major theme was the unusual level of economic uncertainty. Between the upcoming US presidential election, Brexit, the fraught US-China trade relationship, and on-going concerns about climate change, the experts were decidedly uneasy.
But the chief take-away for me was not some great tip about where to invest my fortune, such as it is. It was a toss-off comment by “Dr. Bob” Froehlich. In his usual witty manner, Dr. Bob proposed four important trends that would, in his opinion, affect the economy this year. One of them was “JOMO.”
I know, I know – New Year’s resolutions are supposedly a
waste of time. Each year we start out with great intentions, but by February
they’re usually forgotten. And yet, each year I think about the changes I would
like to make in my life and I start again on my self-improvement journey.
Of course, this new year is especially momentous because it is also a start of a new decade. (Once again, I know – the new decade doesn’t technically start until January 2021. But I don’t care – it feels new when that third digit flips over.) A friend recently sent me a post from Steve McClatchy’s email campaign about making new decade resolutions.
The top executive coach isn’t for hire. That’s because it’s not who you think. According to the Wall Street Journal (Sunday, Nov 16-17, p B2), it’s Queen Elizabeth. In her 67 years on the throne, she has met weekly with 14 prime ministers. These meetings are absolutely confidential. The queen is not allowed to comment publicly on matters of state, but that does not prevent her from offering her views in private. According to her own reflections and a few comments from prime ministers, she focuses more on asking questions and providing a safe space for these leaders to talk about the challenges they are facing. She has massive knowledge of both world history and current events, which enables her to provide a perspective both deep and broad.
Want to accelerate your career? Start by building a mentor-mentee relationship. Find a good mentor – someone who has knowledge and experience to help you grow, who is willing to spend time with you and give you honest feedback, and who is invested in you and your success. Often, but not always, mentors are leaders in your own workplace.
A mentor is not the same as a coach. Coaches are professional helpers who usually work with a variety of leaders across different companies and industries. We often use psychological assessment tools to help our clients understand themselves, and we charge for our services. Mentors offer their support and expertise for free.
Executive coaching trends may change, but as in psychology, change happens slowly. Back in 1957 Carl Rogers wrote a brilliant article on the necessary and sufficient conditions for therapeutic change. He proposed that three elements were necessary for a helping relationship to produce positive changes:
- Unconditional positive regard
If you ever took a Psychology 101 course, you’ve probably heard about these conditions before. In the 62 years since Rogers’ article was published, a lot of research has been done on his proposition. I wrote a review of that research in the mid-70’s and concluded then that the data suggested that these conditions were necessary but not sufficient for creating change —other factors are also required. Still, many psychologists today, including myself, remain convinced that Rogers’ conditions are essential for driving change.
“Solo CEO” — what a great label! Several months ago, I was invited to speak at the SoloCEO Summit, a conference created by my colleague, Terra Winston. The one-day event was designed for “solopreneurs,” people who had established and were operating a business by themselves. The goal was to provide opportunities for small business people to learn from experts, build community, and create an action plan to move forward.
Terra put together a great team of presenters with a wide range of skills: marketing, coaching, law, operations, and many other aspects of business leadership. The event was striking in its diversity, both among the presenters and the attendees — people leading all sorts of businesses; men and women; old and young; racially diverse. The energy in the room was powerful.
The ROI of executive education is rarely measured, but that hasn’t stopped the courses from proliferating. Some are customized for specific companies, while others are open to students from many different employers. Business schools, consulting firms — all kinds of organizations develop and offer these courses to build business acumen and specific leadership skills.
Frankly, executive education is a real cash cow for many academic institutions. Corporations often shell out big bucks to send senior executives or high-potential leaders to prestigious exec ed programs. Other companies spend money to develop their own in-house programs. Some years ago, Motorola had such an extensive program that it was labelled “Motorola University.” Consulting firms also get in on the action, working with their corporate clients to develop educational offerings.
Former Mayor Rahm Emanuel is not the first person I’d turn to for contract negotiation tips. He does not have a strong reputation as a conciliator. He is not known to make nice with people. His brand is that he’s an aggressive, stubborn leader who’s quite willing to dig in his heels and pound the other side into submission.
And yet, he was able to help end The Chicago Symphony Orchestra’s seven-week strike, the longest one in their history. Negotiations had been ongoing for most of that time, but the two sides were unable to reach an agreement — until then-Mayor Emanuel intervened.
I am so delighted to
celebrate the 10th anniversary of the start-up of Gail Golden
Consulting with all of you. This is really a joyful day for me, and for the
many people who have supported and collaborated with GGC over the past decade.
In a sea of demoralizing news stories, it’s important to remember the leadership lessons learned during the wonderful events. It’s been 10 years since Captain “Sully” Sullenberger managed to land his disabled passenger plane on the Hudson River, saving the lives of every single passenger and crew member. It was a remarkable and inspiring achievement.
coach extraordinaire, is back in the new season of Showtime’s Billions, the melodrama about life in
the world of high-flying hedge funds and unscrupulous prosecutors.
One of the first executives I coached was a golden boy — let’s call him Christopher. In his early thirties, he was bright, handsome, and well-spoken. He had a beautiful wife and three lovely young children. He had been promoted four times in the past twenty months. From others’ perspective, Christopher was leading a charmed life. He had it all.
So why was he coming to see a psychologist? Underneath his polished exterior, Christopher was paralyzed and overwhelmed. When we finished our first meeting, I offered to see him again in a week. He paused and replied, “If it’s ok with you, I’d like to come back sooner than that.” So I scheduled a meeting for us in four days.
As the shape of business shifts rapidly, it’s crucial to optimize HR for the task of attracting, retaining, and motivating top talent in an evolving landscape. Many human resource practices that were effective in 2009 are now outdated. Here are the top trends in HR today, as outlined by Linda Villalobos at Insperity, along with my recommendations for how business leaders can respond with focus and agility.