The Leadership Lift

By Susanne Blazek, Lalitha Urs, and Evelyn Orr; originally posted to Korn Ferry Institute on October 7, 2015. 

100% of respondents in follow-up interviews said they applied to their leadership what they learned years earlier in Korn Ferry’s CEI and ELI programs. They said they internalized program principles, used them to coach or mentor others, and actively refer to their strategic leadership plans years later.

When presidents, royalty, and CEOs seek to optimize their health, they turn to elite medical centers’ executive health programs, where internists, cardiologists, dietitians, and others help them elevate every aspect of their fitness. The expert teams not only prescribe a regimen but also ask—is it effective over the course of months and years?

For alumni of Korn Ferry’s Chief Executive Institute™ (CEI) and Executive to Leader Institute™ (ELI) the value of the 12-month experience—even as much as 25 years later—is sustained and powerful.

To assess the enduring impact of CEI and ELI, intensive programs that Fast Company magazine called the “Mayo Clinic of leadership development,” researchers from the Korn Ferry Institute interviewed 39 people who completed CEI or ELI between 1989 and 2013.1 The executives were asked what the experience was like for them, what they had learned about themselves, how they applied those insights to their work, and what impact on their careers they attributed to the program.

Read More

8 Behaviors That Distinguish Effective Entrepreneurs

Entrepreneurship may be the purest form of leadership.  If leadership adds value by going beyond what is, then entrepreneurs express this tendency at the most essential level.  What makes an entrepreneur an effective one?  And what do these most effective entrepreneurs have to teach corporate leaders?

While we work with mainly corporate CEOs and senior leaders for the world’s largest companies, I have a soft spot and admiration for these enterprising, risk-stimulated types.  Granted, I was an entrepreneur for 25 years, so my bias and appreciation for business creators is no accident.

A massive growth in entrepreneurship is taking place across the U.S. with more than 500,000 becoming business owners every month, according to Vishal Agarwal.  Vishal should know, as a venture capitalist he is constantly interacting and advising young founders on the challenges of startup leadership.  In addition, Vishal was a former GE executive who can see the distinction between entrepreneurial and corporate leadership.

Vishal Agarwal is the bestselling author of Give to Get: A Senior Leader’s Guide to Navigating Corporate Life, and has studied the dynamics of why some startups succeed and others fail.  Interestingly, he sees the most successful entrepreneurs as “servant leaders,” those who serve the enterprise vs. self-serve.  He has discerned several key principles that distinguish successful startup leaders.

Read More

Profit vs Purpose: The Duel Begins

By Russell Pearlman, originally published in issue 35 of Briefings Magazine, and posted on KornFerry.com on May 15, 2018. 

Kurt Graves had just heard from multiple investors in Intarcia Therapeutics, the pharmaceutical firm he runs, asking him a single question: Why wasn’t he putting Intarcia up for sale?

Intarcia is one of those “unicorns,” a firm with a multi-billion-dollar valuation. Its big product is a pushpin-sized pump that, when placed under a patient’s skin, will deliver medicine without trouble for a year. It’s a potential life changer for diabetes patients, many of whom have trouble keeping up with all the injections and pills to keep their disease at bay.

But the treatment, while succeeding in many clinical trials, was still facing months of regulatory review. Selling now, or taking the company public, the investors argued, would let the owners earn some quick short-term profits.

Read More

The Salary Surge

SS

Following the launch of The Global Talent Crunch, Korn Ferry is pleased to share The Salary Surge. This latest report in our future of work series outlines the potential costs that organizations may need to pay to secure skilled talent amidst severe global skilled talent shortages.

In The Salary Surge, we project the impact that talent shortages will have on salary bills by mapping Korn Ferry’s proprietary global pay data against the skilled labor shortage estimates across 20 economies at three future milestones of 2020, 2025 and 2030.

Got a minute?  View the Infographic

Got three?  View the Executive Summary

Got 30?  Read the Report

For many high-octane professionals, retirement is not an option

By Robert Weisman; originally published in the Boston Globe on May 2, 2018. 

Jim Roosevelt stepped down as Tufts Health Plan’s chief executive when he was 70, about five years beyond what people used to think of as the traditional retirement age. Two-and-a-half years later, his schedule looks nothing like that of an easygoing retiree.

Roosevelt, now 72, has resumed practicing law, as a health care attorney for Verrill Dana.

He consults for Tufts on strategy and public affairs.

All told, he logs 40-hour weeks — a breeze in comparison with the 80 that he regularly clocked during his CEO days.

Roosevelt says his wife, Ann, who works 30 hours a week as a volunteer for environmental groups and as president of the Cambridge Water Board, did the math. “She said, ‘You’re a quarter-time with Tufts, a third with the law firm, and the rest with the Democrats, so you’re back to 100 percent,’ ” he recounted. “I said, ‘Yeah, but before it was 200 percent.’ ”

For many high-octane professionals like Roosevelt, retirement is a dirty word. While their hair may be thinning and they’re carving out time for one or more of the three Gs — golf, gardening, and grandchildren — they’re aiming to downshift rather than to hit the brakes, continuing to work, but at a somewhat less feverish pace. Losing the professional identity that they spent a lifetime creating is unimaginable.

Read More

Future of Work: The Global Talent Crunch

By 2030, business will have different needs. But will there be the talent to meet them? By 2030 we can expect a talent deficit of 85.2 million workers – greater than the population of Germany. The talent crunch is coming. Are you ready? 

Korn Ferry’s latest study – The Global Talent Crunch – forecasts the gap between talent supply and demand at three critical milestones of 2020, 2025 and 2030, and across 20 developed and developing economies. This major initiative, which seeks to assist organizations with their planning and execution – helps leaders understand how talent shortages are impacting their sectors and regions where they operate so they can immediately begin to address the talent crunch, before they fall behind and suffer the economic consequences.

Download the whitepaper from Korn Ferry’s website here.

 

How Can You Tell Someone Has True Leadership Skills? This Legendary Football Coach Nails It With 1 Brilliant Sentence

By Marcel Schwantes; originally posted on Inc.com on February 20, 2018. 

A few days ago, I was listening to a Higher Purpose podcast where the host, Kevin Monroe, asked his guest Jeff Harmon, a leadership coach and author of The Anatomy of a Principled Leader, about the challenges of using the word “love” in the leadership and workplace sense.

Now before you get an allergic reaction to the word “love” in this sense, Harmon masterfully juxtaposes our often-misconstrued interpretation of love as a “soft” management approach to the actual management approach of one of the toughest and most revered sports icons of all time —  the legendary head coach of the Green Bay Packers, Vince Lombardi. Here’s what coach Lombardi once boldly stated:

I don’t necessarily have to like my players and associates but as their leader I must love them. Love is loyalty, love is teamwork, love respects the dignity of the individual. This is the strength of any organization. [emphasis mine]

Keep in mind, this is the same hard-driving Vince Lombardi who also made famous the statement: “Winning isn’t everything. It’s the only thing.”

That’s why his love quote is even more profound when you think about it. As Harmon pointed out, we often view any notion of leadership and love through the spiritual teachings of historical and religious figures like Ghandi or Jesus of Nazareth.

Perhaps long overdue, the no-nonsense Vince Lombardi slaps us upside the head with a sober understanding of love and leadership even more applicable for the workplace today. Surprisingly for his generation, it was this approach to coaching his players that brought the Packers total dominance in the 1960s, when they conquered five World Championships over a seven-year period (including the first two Super Bowl wins).

Read More

Leadership from the Inside Out

By Skip Prichard, interview with Kevin Cashman.  Originally posted on SkipPrichard.com on March 12, 2018. 

I first read Leadership From the Inside Out years ago. It is one of the books that helps build a foundation of knowledge for leaders. That’s why I was excited to see that it is now out in a new version with updated chapters, new case studies and stories, and even more practical exercises to help everyone achieve their leadership potential.

Author Kevin Cashman is the Global Leader of CEO & Executive Development at Korn Ferry. He has advised thousands of senior leaders across almost every industry.

We recently talked about his updated book and his leadership views.

Read More

Leadership from the Inside Out: Growing a Person Into a Leader

Enjoy this new episode of Dr. Diane Hamilton’s Take the Lead podcast, featuring Kevin Cashman.
Click on the photo below to visit the podcast website.

Podcast Capture

5 Credibility Killing Stories You Should Avoid

By Dr. Mark Goulston; originally published in The Business Journals on February 9, 2018. 

If you have read some of my previous articles, you know that I often make a more compelling case for something by pointing out the “Don’ts” to cause you to wake up to their destructive power if you’re doing them.

For instance, saying that leaders should engender trust, confidence and respect is so obvious as to be yawn, yawn, non-compelling. However, ask people the effectiveness of a leader if he/she instead engenders distrust, doubt and embarrassment, and you’ll receive a powerful, “They will fail!” (and sometimes, “And I’ve got one like that!”)

On this occasion, I am focusing on the concept of storytelling. More and more, we hear about preaching this to companies and imploring CEOs and others to increase their influence through effective storytelling. That said, ROI CEOs (and aren’t they all?) and salespeople often pooh-pooh storytelling as too “woo woo.”

Well, there is another way to make a case for the power of storytelling by using the power of negatives and of the “Don’ts.”

Read More