The Courageous Life Podcast

Kevin was recently interviewed by Joshua Steinfeldt on his podcast, The Courageous Life, on topics ranging from the importance of purpose and authenticity, how to inspire through storytelling, Leading from the Inside Out, and why courage may be the most important trait in leadership.

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A Higher Priority

“The business of business is business.” For decades, that old saying has been a guiding light for organizations. But this week, some of the country’s top business leaders have declared that shareholder value no longer has a stronghold on corporations’ bottom line.

On Monday, the Business Roundtable, an association of major US-based companies, released a statement that redefines corporation’s purpose. Whereas maximizing profits was once the main objective of American businesses, that purpose should now be centered on delivering value to all constituencies, from customers to the world at large, the group asserts. The statement was signed by 181 of the group’s 188 member CEOs.

Though provocative, it’s not a terribly outrageous notion, experts say. More and more corporations are starting to lead with purpose, understanding that real value creation comes from serving multiple stakeholders. According to Korn Ferry CEO Gary Burnison, the purpose debate has even made its way into the boardroom. “The vast majority of directors are motivated by the desire to make an impact” he says.

But it’s just not enough for the Roundtable to say, publicly, that shareholder value doesn’t define a company’s purpose entirely, says Kevin Cashman, global leader of Korn Ferry’s CEO & Executive Development practice. “Purpose is not just a nice statement,” he says. “It requires developmental transformation to make it happen.”

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Enterprise Leadership: Five Big Resolutions for 2019

By Kevin Cashman; originally posted on his Forbes blog:  Pause Point on January 15, 2019. 

One of the toughest development challenges is to elevate a critical mass of talent from executive management to true enterprise leadership.  To move key talent from controlling systems, processes and financial performance to courageously create value creating significance, sustainability and purpose across an enterprise is no easy task.  To move senior people from thinking and behaving downwards into a function, a geography, a division or a single team, to thinking, and collaborating and inspiring across all functions, across all geographies, across all divisions, across all teams and across all customer groups is a very complex and critical shift.  Accelerating the development of executive managers into enterprise leaders may be the single most important factor in achieving your strategy and creating a more valuable and sustainable future.

In 2019, as you consider elevating leadership more authentically to the enterprise level, I suggest reflecting on five resolutions to help you to do so…

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Accelerating Change On-Purpose

By Kevin Cashman; originally posted to his Forbes blog, Pause Point on December 28, 2018. 

Although it may be true that we can’t “step into the same river twice,” as Heraclitis said, once we step in, we are part of that river’s flow.  Since birth, we have been swept up in a raging, constantly changing never-ending flow of experience.  Sometimes we love the flow of life, sometimes we hate it and resist it.  But because the flow of the river is constant, we have no choice in the matter.  We have to change.  It is part of the price of admission to life.  Every moment our cells are changing; our thoughts are changing; our emotions are changing; our relationships, our marketplace, our finances.  Change is endless and relentless.

We have no choice in the matter except for one aspect—accelerating our growth through change by adapting and learning.  Most leadership research illustrates that as we go up the executive ladder, we need to become increasingly comfortable with uncertainty and sudden change.  As leaders, we have to have the “integrative ability” to weave together and make sense of apparently disjoined pieces, crafting novel and innovative solutions.  At the same time, we need to have the self-confidence to make decisions on the spot, even in the absence of compelling, complete data.  The qualities needed at the top—courage, openness, authentic listening, adaptability—also indicate that leaders need to be comfortable with and able to embrace the “grayness” that comes from multiple points of view coming at us at once.  In other words, we have to master our adaptability mentally, emotionally, strategically, and interpersonally.

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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.

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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.

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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

On Transformative Leadership: Step Back to Lead Forward

Sponsors Play Key Role in Advancing Women to CEO Level

By Kathy Gurchiek, originally posted on SHRM.org (Society for Human Resource Management) on November 29, 2017. 

Women who are chief executive officers typically did not see themselves in that role until a supervisor, mentor or sponsor urged them to seek the position.

That is among the key findings of Women CEOs Speak, a new report from the Korn Ferry Institute based on extensive interviews with 57 current and former female chief executives in the U.S. and psychometric assessments with two-thirds of the study participants.

Korn Ferry conducted the study to learn what qualities drive the women who make up 6.4 percent of U.S. CEOs. It conducted its research from February to July 2017 with 38 current and 19 former CEOs. Among participants, 23 are or were at Fortune 500 companies, 18 are or were at Fortune 1000 companies, and 16 are or were at privately held companies.

The findings point to the importance of sponsors and mentors in preparing women for leadership positions.

Resilience is a Dynamic Process

By Kevin Cashman; originally posted on Thrive Global on November 27, 2017. 

Developing resilience is not a static, rigid process; it is a type of centered fluidity that lets us go in any direction with ease and agility. Being resilient means we can recover our balance even in the midst of action. Separating our career, personal, family, emotional, and spiritual lives into distinct pieces and then trying to balance the parts on a scale is impossible. Managing the entire dynamic is the key. We need to identify the dynamics that run through all the pieces and then influence our resilience at that level.

Mastery of Resilience is about practicing inner and outer behaviors that keep us grounded and centered so we can deal with all the dynamics outside. As we build more resilience, we can do more with ease. Actually, when we are resilient, we can shoulder more weight with less effort, because we are strong at our very core. We have a strong foundation to handle unforeseen crises, instead of the anxiety and constant fear that one more unexpected problem will take us down. Finding ways to build that resilient foundation from the inside out is the key to Resilience Mastery.

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