FranklinCovey Consultant Blogs | Todd Wangsgard | Recession

The Price of Admission vs. Differentiation

Monday, August 17th, 2009 | Uncategorized | No Comments

Undoubtedly the principles that are taught in our curriculum  – such as responsibility, planning, follow-through, abundance, listening, collaboration, trust, etc. – become even more relevant during times of economic retraction. Most organizations have felt the pinch of our economy, in some way or another. It has translated into palpable nervousness for many associates who are increasingly more unsure about their future. I can’t help but revisit an early theme I shared in my first blog posting – that living these principles is the answer to recession-proofing one’s career.

However, as I reflect further on the deliberate arrangement of The 7 Habits of Highly Effective People, as organized in the Maturity Continuum model, I can’t help but recognize the correlation that exists between the Private and Public Victories and what businesses expect from their employees during these tumultuous times.

Consider this. The Private Victory is about me. Not me, as in Todd, but me as in everyone. Be Proactive, Begin With the End in Mind, Put First Things First. I am completely and 100% in charge of whether or not I live these first three habits. I can turn them on and I can turn them off. I alone am in control of the level of effectiveness I wish to experience by taking responsibility, formulating a plan for my life, my year, my week, my day, and executing that plan in the face of constant distractions. There is tremendous gratification that comes from working a well-thought out plan and reaping its rewards. One benefits personally and is in a position to do more for himself, as well as others.

On the other hand, living out the Public Victory – Think Win-Win, Seek First to Understand…, and Synergize – require at least some cooperation from others. The Public Victory requires, well, the public! I can do everything right to get my own “shop” in order, but if my co-worker doesn’t want to work well with me, a Public Victory can be easily compromised. It takes an inordinate amount of effort to convince others (especially if they themselves haven’t achieved a Private Victory of their own) to think abundantly, to truly empathize with all parties, and to painstakingly work toward collaborative solutions that represent the 3rd Alternative.

Therefore, I must recognize more and more that living the Private Victory is simply the lowest possible threshold my employer is willing to accept among potential job candidates who are seeking employment. What differentiates me from the pack is going to be my ability to bring people together and actively work toward interdependence and the Public Victory every day of the week! My ability to synergize is what will differentiate my performance from the next “B-level” player who is only concerned about excellence in his or her own work.

In other words, living ALL seven of the habits completely is much more likely to ensure future opportunity and security than just doing my own thing and staying out of the way. More and more, potential employers are only willing to take a candidate seriously, if he or she can demonstrate what it takes to bring out the best in themselves and everyone else.

Where can you better leverage the Public Victory in your own work? How will you differentiate your contribution from the rest of the pack? What do you put at risk by only worrying about your own deliverables? Let’s be careful how often we utter those infamous words, “That’s not my job.” They could turn into a very undesirable reality.

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Fear Breeds Opportunity

Monday, May 4th, 2009 | Uncategorized | 1 Comment

In his recently published biography, “The Snowball,” investment guru Warren Buffet is credited with offering the following advice:

 ”Be fearful when others are greedy. Be greedy when others are fearful.”

You can change the word “greedy” to anything you like better. Eager. Aggressive. Risky. It means just about the same.

Anyway you look at the current economic milieu, it clearly represents a profoundly poignant opportunity for people and organizations to capitalize on principle-centered thinking and action. Here are just a handful of pairings between popular 7 Habits principles and crisis-driven actions that you and I can use to strengthen our organizations.

  • Production/Production Capability: Invest in the best people who might be nervous and go hire the best people who have lost work elsewhere. Your talent edge will continue to sharpen while the competition loses its.
  • Emotional Bank Account: Assure your best customers and suppliers of your loyalty. Reinforce abundance. See this as a chance to bolster relationships of trust that may have been stagnant or malnourished.
  • Begin With the End in Mind: Redefine what you and your organization need to look like on the tail end of the recession. This allows you to begin aligning your reality with your newly formed vision – now.
  • Put First Things First: Hone your ability to focus and execute on your highest priorities. Use this time to build highly motivated teams toward making significant weekly contributions that are documented during regular accountability session.

Sure, there are less noble actions that fear can breed, such as the chance for the clever and strong to take advantage of the ignorant and the weak. However, that’s exactly why I emphasize “principle-centered.” Only by operating on true principles of effective human behavior will our actions from these difficult times sustain the kind of rewarding relationships we are seeking over the long haul. More and more, people can read our intentions like a book and will judge us by the outcome. We can’t afford not to make principles the centerpeice of every action.

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Principles Are the Permanent Bail-Out

Tuesday, February 17th, 2009 | Uncategorized | No Comments

speed-of-trust

As congressmen contemplate how to stimulate a stubbornly sluggish economy, you already know the answers to recession-proofing your career and life. I can’t tell you how many times our FranklinCovey principles have crossed my mind this past week as we watch lawmakers work towards compromise.

  • Create Transparency
  • Clarify Expectations
  • Right Wrongs
  • Get Results
  • Talk Straight
  • Listen First
  • Keep Commitments

Just to name a few.

When the Conference Board released its 2008 CEO Challenge report (Financial Crisis Edition), I was struck by the sudden rise in rank, from 34th place to 9th, of the respondents’ perceived need for more Business Confidence.

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