Happy Friday! Here are my August 2 Hot Topics and how they relate to advancing culture or leadership.
Hot Topic 1: Leadership Trust Falls.
Source: Harvard Business Review.
What It’s About: This article underlines the importance of all stakeholders’ trusting leadership. Leaders who violate that trust usually end up getting fired: A recent PwC analysis shows that in 2018, more CEOs were fired for ethical lapses than poor financial performance. The authors note that stakeholders evaluate leadership trustworthiness on the following dimensions — competence, motives, means, impact and earned legitimacy. Those who believe leaders haven’t come to power properly will be less likely to follow their direction.
Why It’s Important: When the trust scores of leadership are low, research confirms that organizations underperform. Of course, competence and judgment in decision making is critical. And it’s imperative that people see the action of leadership aimed towards the greater good rather than feeding selfish interests. The means to results must have integrity, and leadership has to be seen as driving positive impact. Legitimacy underscores well earned experience, especially when it comes to navigating the future. Contrary to popular myth, people are not as resistant to change as they are distrustful of leaders being able to maneuver through it. Consider leadership trust as one very important measurement in your organization’s success.
Hot Topic 2: Transparent Insights from Old Navy’s New CEO.
Source: Fast Company.
What It’s About: This simple but insightful article gives us a glimpse into the human side of Old Navy CEO Nancy Green. She answers questions like, “What do you do when you have a free five minutes?” “What products have you recently you splurged on?” “What’s your necessary vice?” And much more.
Why It’s Important: People like to see the personal side of a leader. There is a craving for authenticity and humanness from top executives. It is this vulnerability that contributes to the trustworthiness noted in the article above. In this case, I particularly liked the books Green recommends. I read a lot of books, and I’ve only read one on her Top Five list. I’m committed and inspired to read the other four:
[Picture and ratings provided by Vivino.]
And finally! Here’s Cecil’s Bleat of the Week!
“My number one goal as a thriller writer is to entertain you. But I’ve got a chance to not only entertain people, but have them close my book and be smarter having read it.” – Brad Thor.
Bye for now!
– Lorne Rubis
Incase you Missed It:
Monday’s Lead In podcast.