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EXECUTIVE EDGE: VICTORIES AND VULNERABILITIES





Outshined by peers? It's time to rethink...
 

I recently had a conversation with a family member who was sharing that he felt
he was getting too old for the role. Younger, more energised individuals were
coming in and doing it quicker and better than he felt he was able to. They were
also introducing new ways of doing things that he felt very much out of touch
with, he wasn’t sure that he had the ability or want to learn new complex
processes and procedures.   We did have some laughs on how we could eliminate
the competition… not all legal.

 

Everyone at some point in their career will feel that they are not living up to
their potential and that their peers are outshining them. It may be that there
are younger more energised individuals coming in who are making a name for
themselves. It may be that life has changed for you and your energy and effort
is being focused elsewhere. It doesn't take away self-doubt or the question
whether you're still relevant or capable.  On a positive note, these thoughts
can serve as a wake-up call motivating you to reassess your strategies and seek
out growth opportunities.

 

The race to outperform competitors isn't just external—it's internal too. Even
the most seasoned leaders may find themselves being outshone by their peers in
both delivery and leadership. 

STRATEGIC VISION 

Realign your leadership strategy with a focus on innovative thinking and
operational excellence.

Senior leaders must not only manage but inspire and drive their teams toward
exceptional outcomes. A recent study by McKinsey found that companies with
dynamic leadership are 25% more likely to outperform their competitors and yet
only 25% respondents see their leaders as inspirational and fit for purpose. 

The 70-20-10 leadership model is a powerful framework that could be your
game-changer. This approach emphasises that 70% of leadership development should
come from challenging on-the-job experiences, 20% from feedback and working with
role models, and 10% from formal education.

Embrace this model to ensure you're not just managing but leading with vision,
innovation, inspiration and execution that sets you up for success. 

Personal Leadership 

Self-Awareness
Effective leadership starts with understanding your strengths and areas for
improvement. A Harvard Business Review study revealed that only 10-15% of
leaders possess a high level of self-awareness, yet it's one of the most
significant predictors of success. And yet self-awareness is depressingly rare.
For instance, psychological research suggests there is less than 10% overlap
between people’s actual and self-perceived competence, mostly because people are
not as adept as they think they are. 

Conduct a 360-degree feedback review to gain insight into how others perceive
your leadership. Use this data to refine your approach and address any blind
spots. 

Decisiveness
Decisive leaders are often the most respected. According to a survey by PwC,
executives from companies that have changed the way they make their biggest
decisions as a result of data and analytics are nearly three times as likely to
report significant improvements in strategic decision making as those from
companies that have not done so. 

One of the most significant military strategies adapted for business use is the
OODA Loop model, also referred to as the "decision cycle." This model was
created by U.S. Air Force Colonel John Boyd to assist pilots in making rapid
decisions during air combat.   Implement a decision-making framework such as the
OODA loop (Observe, Orient, Decide, Act) to enhance your speed and effectiveness
in making critical decisions. 

STAKEHOLDER ENABLEMENT 

Building Trust and Influence
Without trust, your influence wanes. Research from Edelman indicates that 61% of
business leaders are purposely trying to mislead people by saying things they
know are false or gross exaggerations. 


Communication Consistency
A consistent communication strategy is key to stakeholder engagement. According
to Gallup, Certain communication traits make it easier for people to trust you.
Communicating with honesty clarifies your motives. Communicating with
consistency makes you predictable. Both read as trustworthy because followers
know where you stand and what to expect. 

Regularly review and refine your communication strategy to ensure alignment with
your leadership vision and stakeholder expectations. 

Leadership isn't static—it's an evolving journey. As senior leaders, it's
essential to stay ahead of the curve by continually challenging yourself and
your strategies. Take these insights, apply them, and watch as you regain your
edge in leadership. 

Source: 

McKinsey & Company: The state of Organizations 2023
HBR: How to Work for a Boss Who Lacks Self-Awareness
2024 Edelman Trust Barometer
Gallup: Improve Your Leadership With These 4 Skills 

Respond to this email for a complimentary 30-min coaching consultation and take
the first step towards a more balanced and strategic leadership approach. 

Ready to talk...

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Middlesex • HA2 6BA