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Tag Archives | Behavioral Psychology

Lose $1Million in 1 Day – and Still Become a Champion

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Focus. Focus. Focus.

I never thought that Rory McIlroy, a PGA golfer, would be the subject any article I ever wrote, least of all 2 of them.

What a difference a few years makes!

When I wrote about the Magic of True Grit, Rory appeared in an ignominious way.

What do you do when you totally screw up?

In 2011, Rory entered the final day of the Masters Tournament with a 4 stroke lead … and watched it quickly evaporate as his game imploded.

He shot 80 on that final day, the worst score of anyone playing on Sunday. He finished 10 strokes behind the winner, a Masters rookie, Charl Schwartzel.

(The Masters tournament doesn’t like to talk about such crass subjects as money … but the one day cost of that catastrophe to Rory WAS OVER  $1.3 MILLION!)

He was heartbroken over his performance that day, but held his head high with these words: Continue reading to see the Big Change …

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The 7 Qualities You Need to Get Your Company on the Medal Stand

What does it take to get on the Medal Stand and out of the Grandstands?

Jessica Long. One of the most decorated Paralympic athletes in history.

She’s won 17 Olympic medals. 12 of them are gold.

She holds 13 world records.

She’s been Sports Woman of the Year twice.

She’s obviously a remarkable swimmer.

She did all of it after having the lower part of both legs amputated when she was 18 months old.

Jessica Long’s drive, devotion and discipline are unquestioned.   Her determination is boundless. (NBC produced an in-depth look at her life you can find here.)

Is all of that enough? If you had each of those characteristics in immeasurable quantity, would it be enough to make you an Olympian?

Is drive, devotion and discipline enough?

Probably not.

Keep reading and download the 7 Olympic Qualities checklist …

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Hope is powerful but don’t let it become an embalming agent. Get moving.

Hope is Not a Strategy. Action is.

Hope isn’t a strategy. Action IS!

For most of us, this is the time of the year when hope springs eternal.
We’re revved up for an exciting new year, determined to change all of the things that didn’t work last year so we can pound the ball out of the park in 2014.

Nothing wrong with any of that.

Commitment, momentum, focus … these are the energies that will fuel our engine and help us jumpstart 2014 with the vigor and rigor that we need to make this year the most successful ever.

Are your initiatives starting to drag just a bit?

The gum does kinda lose its flavor on the bedpost overnight, doesn’t it?

We don’t get far into the new year before we discover that it’s much easier to start than to finish.

We struggle to keep the engine stoked with the same energy that propelled us into the New Year.

We begin to feel some of the air already coming out of the tires, and begin to wonder … “where did that new-found energy go”?

What’s that whimpering sound?

It comes back to that whimpering sound of “hope springs eternal.”

Read why Hope is a poor excuse for a strategy….

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Rudolph led his team across the world. You can, too!

If you woke up this morning with sugar plums dancing in your head, most likely Santa made it down the chimney … and Rudolph is stretched out on the ottoman with a cup of spiced egg nog in hand.

“Seriously?” my wife said. “You’re really singing Rudolph the Red-Nosed Reindeer while you’re getting dressed this morning?”

I’m afraid so.

Rudolph, The Entrepreneur?

Honestly, I have no idea how that song got into my head.

Maybe because Rudolph … along with Santa and Frosty … are the most iconic images of a secular Christmas?

Maybe because Santa brought me some cool loot?

Maybe because my daughter’s little yorkie, Lulu, is wearing her “Ludolph” outfit?

Maybe all that … but  for just a moment, I stopped to consider the words … mostly to figure out how to convince my wife that I hadn’t lost it  … yet ….

There’s a timeless message in Rudolph’s story.

Then, it dawned on me that there’s a very timeless message in this simple tune that applies to all of us entrepreneurs … and everyone else trying to find their way in this world. Here’s the message Rudolph has to share …

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Video & Slides | Does Your Incentive Plan Really Drive Superior Results?

Does Your Incentive Plan Really Drive Superior Results?

Does Your Incentive Plan Really Drive Superior Results?

Can we develop an incentive plan to drive superior performance?

You can be pretty sure that’s the question someone was trying to address when your key incentive program was created.

At the time, the answer may have been yes.

Since then?

The chances are that question has never been asked again.

If we believe in the power of incentives … and we want to stimulate superior performance … why do we rarely take time to examine the programs already in place to see if those programs are accomplishing their intended objective?

Incentive Plans are rarely updated

When you look under the hood of your own incentive programs, you’re likely to find that incentive plans already in place aren’t working too well.

What started as a well-intended and robust incentive plan has now become a routine bonus program that participants expect to receive as a regular part of their income.

The plan doesn’t do anything to stimulate superior performance. Keep Reading for the Video & Slides

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The 6 Keys You Can Use to Rock Your Company Culture

The 6 Keys You Can Use to Rock Your Company Culture

The 6 Keys You Can Use to Rock Your Company Culture

The 6 Keys You Can Use to Rock Your Company Culture

Do you remember the CEO we discussed in the first article in this series who threw his secretary’s typewriter through a second story window – without opening it?

You may not have seen a typewriter fly … or a lead crystal ashtray pass by your head. You may also worked in a company that was thriving financially with a company culture that didn’t quite measure up.

I was at the epicenter of one cultural disaster.

From the first day, I was stunned that so many put up with so much. My excuse is that I was a young pup and didn’t know any better … but a lot of adults in the playroom sure should have. (I eventually regained my sanity and jumped ship.)

Even to this day, I look back in amazement that the company was such a financial powerhouse. It was a star performer on the NYSE … but my young, naïve bubble was burst because I figured that companies that performed great … must be great companies.

Their bank account was fat but their culture was leaner than a ostrich burger.

What YOU CAN do about it!

Read the Full Article about the 6 Keys to Rock Your Culture …

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The Most Powerful Leadership Lesson You Can Learn from Detroit’s Bankruptcy

The Single Most Powerful Lesson You (Leaders?) Can Learn from Detroit's BankruptcyNOW is the time for tough decisions?

“Now is the time for tough decisions,” said Michigan’s governor, Rick Snyder, on the occasion of Detroit’s bankruptcy filing.

Did he say “NOW is the time for tough decisions”?

Maybe for the weak-kneed, lily-livered city fathers who’ve been putting lipstick on this pig for years, but “NOW” was a very long time ago for Detroit. (This isn’t elistist babble, either. I was born in Detroit and raised in the great State of Michigan.)

Let’s come at this from a different perspective

But, it isn’t our place to examine the state of the American city and the financial woes that are afflicting all of our governmental entities.

It is our business, however, to examine the leadership and decision-making process that brought Detroit to this fateful day.

Can’t Make the Tough Decision? Leave the Kitchen!

How many times have you … and me, too … deferred a difficult decision because we desperately held on to an easer choice even though we knew we were only delaying the inevitable?

This is the Achilles’ heel of almost every business leader I know.

I’ve written about this dilemma on many occasions … and from many perspectives. Why don’t leaders deal with issues as they “show up” rather than when they “blow up. Why do we hesitate to make the tough calls and do the right thing?

Isn’t that why we’re earning the big bucks?

5 Warning Signs that Tough Decisions Aren’t Being Made Read the Full Article to Learn the 5 Warning Signs

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Productivity Tip | 4 Ground Rules to Make Sure You Reach the Summit

Break the impasse. Reach the Summit.

Too often we set these BHAGs (“Big Hairy Audacious Goals”) but don’t create the milestones and timelines that give us a chance of achieving them. Put these 4 Ground Rules into action to make sure you reach the summit. 

Set up Base Camps to Reach your Goal

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Today is one of those occasions when I’m not sure what this article is about … so I’m going to let you decide.

“Thankfully, perseverance is a good substitute for talent.” — Steve Martin

Is it about resolve, our ability to persevere, to vigorously pursue an idea, uncover its value to our business and set out to relentlessly apply it?

Or, is it about execution, our ability to follow proven processes to implement sustainable change in our business?

Didn’t Mom teach us to take small steps?

It was probably our moms who first taught us to break down a big task … like cleaning our room … into smaller steps, like “hang up your jacket, put your shoes in the closet,” so that we would ultimately accomplish the bigger goal.

Did we need that coaching because we hadn’t resolved to do it in the first place and mom was on to us?

Or were we so overwhelmed by the enormity of the task that we didn’t know how or where to start? (more…)

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Leadership Insights | The 8 Principles of Effective Delegation

What’s Your Delegation Score?

Delegation isn’t just a handoff so you can walk away and do something else. It is a critical leadership skill that you must master if you want to expand your reach, take control of your time and achieve the work-life harmony you’re seeking.

Learn the 8 Principles of Effective Delegation.

Score = 0 from 3 people

 

How often have you failed with delegation?

How often have you wondered why a project went wrong, or why someone never finished the task you were counting on them to finish?

How many times have you complained about projects that you’re managing … missing their deadlines, going over budget (not under budget very often, huh?) and not getting done as you expected?

How did you feel when you were called on the carpet by YOUR boss wanting to know why the project you’re handling is stalled?

Why didn’t your delegation succeed?

When we’ve delegated some or all of a project to someone else, we’re embarrassed … and probably a little teed off … but we’re also too often thinking about the wrong things like …, “damn that John, he just can’t be counted on” … or, “she doesn’t get it” … or something like, “they can’t ever seem to follow through” as we tick off all the reasons why the people on our team have let us down. (more…)

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