Struggling with data? It’s about how you think, not your technical toolbox

More of our economic and social activity resides online than ever before, and more content continues to shift to the digital space. The amount of and types of data that organizations have access to continues to grow alongside this trend, meaning it is no longer possible for leaders to ignore data.

This data can be an enormous asset for organizations – if they know what to do with it.

It’s not enough to make investments in new technology and analytical talent any more.  Those investments are important, but unless business decision makers understand data and analytics and how they can be useful to the organization, the effort is wasted. Leaders and managers need to be able to answer the following question: what do we want to know?

To answer that question, you need a basic level of data literacy. Leaders who have invested in their own data literacy are better equipped to direct their organization’s data efforts and investments because they understand the different ways data can be used. This allows them to identify immediate opportunities in their organization where they can best utilize data.

For example, if you have information about which items or services your customers purchase together, what would you use it for? A data literate leader might look at that information and have the insight that this information could be used to predict future purchases and even drive additional purchases from similar customers.  You don’t need to be an analyst to make that connection, you just need to understand what can and cannot be done with data, and to approach that data thoughtfully. The most critical skill a leader can have in their toolbox is the ability to think.

One of the challenges leaders face when it comes to data is that their analysts use technical jargon with which they are not familiar, and it can be daunting to ask for clarification. A bad analyst uses jargon to avoid questions, but many good analysts simply forget, the way we all do, that not everyone uses those terms regularly or is familiar with them. No one wants to look like they don’t know what they’re talking about. Simply de-mystifying these analytics buzzwords and techniques can make it immediately easier to see the big picture and uncover deep insights.

There are a growing number of undergraduate and graduate programs in the areas of analytics, producing a generation of bright young analysts who can help an educated leader have a major impact on their organization. But in order to get there, leaders need to be able to articulate the skillset they are looking for, because the tools of the field are changing rapidly. How will you measure and evaluate the success of your efforts? What new technologies will you want to take advantage of? For example, in the next five years, artificial intelligence and machine learning will transform the way we do business. Leaders need to be ahead of this trend or risk being left behind.

Rotman’s Data Literacy program provides an intuitive introduction to these emerging technologies as well as insight into where and how they will have an impact. If you regularly receive reports or data, or if you are trying to build more data-driven and evidence-based teams, this program is ideal. You will learn how to ask the right questions to drive effective and efficient decision-making using data so that it becomes an intuitive and necessary tool for improving performance across the board.

How to Succeed at the Enterprise Level

“What got you here may not get you there.”
Marshall Goldsmith

Last Fall, I had the opportunity to sit with a diverse group of senior managers looking to move from functional management to performing at the enterprise level. They were the latest cohort in Rotman’s Strategic Business Leadership program and came from both the private and public sectors which added a lovely richness to class conversations.

The journey to senior management will typically progress through a number of phases. You begin your career as an individual contributor, progress into roles in which you’re responsible for getting work done through others, and finally transition into a senior position which requires you to think differently about a much broader and more complex set of competing issues.

It truly is different at the top.

Making this transition from function head to enterprise leader involves learning new skills and developing new mindsets — and this can be a seismic shift. It involves moving from:

  • tactician to strategist
  • specialist to generalist
  • analyst to integrator
  • bricklayer to architect
  • problem solver to agenda setter
  • warrior to diplomat, and
  • supporting cast to leading role

An all-star line up of Rotman Faculty teach in Strategic Business Leadership:

Photos of the faculty in the Strategic Business Leadership program

Rotman’s Strategic Business Leadership program is built around a model of leadership that integrates people, strategy, culture and systems. Here are just a few of the topics we covered:

Diagram of a model of integrative leadership

Strategy: As a senior manager, you are responsible for developing and implementing strategy for the business units you lead. However, managers are often confused about what strategy really is and what constitutes a good one. So, the program helped us identify the critical elements of effective strategies, the characteristics of hard to attack strategies and the importance of deliberately choosing where to excel and where not to.

Design Thinking: Over two days, we got to play with Design Thinking: a customer-centered design methodology practiced by some of the most innovative firms in the world (e.g., IDEO, Google, P&G, IBM, GE, etc.). Design Thinking is applicable anywhere in the value chain from the design of new products and services to customer experiences and business strategies. As senior leaders need to nurture innovation at all stages, it is important that they have a strong knowledge of the basic processes and skills of Design Thinking.

First, we looked at ways both public and private sector organizations used empathy to design neat new solutions for the client journey whether it was enhancing the experience of cancer patients waiting for chemo therapy or Delaine Hampton sharing her insights from decades at the helm of P&G’s marketing department. We learned how to reverse engineer the moment of choice to think about opportunities at each stage of the decision process.

We also experimented with a variety of ways to generate ideas so members of your team who may need different approaches to harnessing their ideas can really unearth smart new solutions. Finally, we got to work building a prototype and experienced the benefits of prototyping early and often.

Networking for success: As you move into enterprise level positions, creating new connections becomes even more important since success increasingly depends on coordinating across units and having a broad strategic perspective. To tackle the often unsavory topic of networking, we used the Reciprocity Ring to form more meaningful connections. The Reciprocity Ring is used by major companies and universities such as GM, Stanford, Abbott Laboratories, Bristol-Meyers Squibb Company and the Kellogg School of Management.

Leaning into conflict

A  major theme running through the program was leaning into conflict. Rotman believes tension is an opportunity for innovation and transformation. This is a different mindset that requires a curious and open stance.

  • Model-Based Problem Solving: In this session, we were given the tools to discern the different models at play during conflicts, the likely sources of tension and strategies to capitalize on those conflicts. We then applied these learnings to the context of a senior management team.
  • Negotiations: Negotiation is also a problem-solving process and the typical method by which resources are allocated in organizations. The ability to negotiate effectively is a key managerial and leadership competency. Using best practices and cases, we conducted a series of negotiations and group decision-making exercises and then debriefed the results. This way, we explored what is involved in effective negotiation and strategies and techniques senior managers need to do it well.
  • The Culturally Fluent Leader: Becoming what Professor Nouman Ashraf calls an ‘emancipatory leader’means moving from tolerance for differences to embracing differences. Again, using the model-based problem solving approach, this session helps leaders go from ‘oh no, conflict’ to ‘oh, yes conflict’. This approach changes your mindset to see a diversity as a strategic advantage.

As we make the shift to senior management, it’s important to realize that what got us here may actually hamper us at the next stage of our career. To this end, the class drilled down on what they needed to do differently in their new roles, but also what they needed to stop doing to ensure their success for the future. Each participant left with a personal action plan to put their new learnings into practice. They also met with a coach three weeks after class to work through any roadblocks that arose.

After being back at their jobs for two months, the class came together to share how they applied their new skills to increase their impact as senior leaders. They shared ways the program has helped them approach situations differently, tackle complex challenges and even improve their personal lives.

They ended with a workshop on personal productivity to learn how to pivot their time from focusing on tasks that can overwhelm to carving out time to dedicate to longer lasting strategic activities.

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At Rotman, we learn best practices in theory, use cases to apply those theories, and finally create personalized action learning plans to apply your new skills and mindsets as soon as you return to work.  If you’re ready to move from managing people to increasing your impact at the enterprise level, join us March 27-31, 2017 or call me at 416.946.0722.

What you need to break into the next level of leadership

The business landscape changes more quickly than ever now, and we are facing massive changes in the demographics of the workforce as well as disruption.  So what is it that makes some leaders so much more successful than others?

When you think of leaders who are widely recognized for their work, there’s always something that sets them apart – a personal style, a unique approach, and a self-awareness that is difficult to develop. But it can be done! So what do you need to break through to the next level?

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A different way of thinking about leadership

Leadership isn’t a one size fits all proposition. Different leadership styles work better for different leaders and different organizational cultures. So when you’re developing your leadership skills, you should think about it from a very personal perspective. What are your particular strengths and weaknesses? Where should you devote more time? How are you assessing what you need to work on as well as the progress you’ve made a few months later?

You can’t address your personal development in a short period of time and then carry on as normal. True leadership comes from an ongoing process of continual self-assessment and re-alignment.

The right management, leadership, and engagement models and systems for your personal style

There are a lot of historical and new leadership models, and they may have worked for you in the past, but they all have the same flaw: they’re not yours. A model is only a construct – it can’t accurately represent reality. Instead of getting locked in to a single model, combine models, even if they seem to be in opposition to each other. Keep an eye out for new models from which you can borrow bits and pieces.

The best leadership model is one that you piece together yourself, integrating from other models the parts and pieces that work best for you and your context. Give yourself the time to create and develop a new insight before moving ahead.

A more conscious and intentional manner of leading

Soft skills are some of the hardest skills to learn. Cognitive intelligence will help you handle the day to day quantitative challenges – financial reports and operational issues, for example – but emotional intelligence will give you the capability to use emotions to facilitate performance. By understanding the causes of emotions in yourself and others, you’ll be able to see underneath what people say or do and address the real issues at hand.

And part of that is being conscious of how you come off to others, as well. What messages are your words and actions communicating other than the bare facts? How does your attitude or emotional state change your message? Take the time to pause and reflect before answering or offering your own input. You’ll be surprised by the results.

Self-awareness and wellness strategies

Too often people say leadership when they mean management. Management focuses on external forces and how you can best direct and support your staff. Leadership starts with you. How self-aware are you? Are you balanced physically, emotionally, mentally? Are you resilient?

To keep up with the high demands of senior leadership positions, you need a mindfulness strategy and practice that will ensure your wellness and ability to defeat overwhelm. Integrating mindfulness practices into your daily routine can either be the easiest part of your leadership development or the hardest, but either way it is one of the most important facets.

A coach who knows how to ask the right questions

The benefits of mentorship and coaching are invaluable. Finding the right coach means finding someone who will do more than just offer solutions. The right coach should instead ask you the right questions so you can discover the solutions or next steps that work best for you.

A coach who immediately offers advice or solutions instead of asking questions might not get to the real issue at hand. Your challenges are personal and specific, and they should be treated that way by both you and your coach.

Intensive programs can deliver skills and present new theories, but for real progress, you need to change the way you think about and engage in the act of leadership. A longer, more thorough program that follows up with your progress and personal journey is key to making real change and accomplishing your leadership goals.

Rotman’s Executive Leadership program combines a thorough pre-program assessment, a 5-day intensive and multiple touchpoints over an 8-month period to truly develop your personal capabilities.

What the C-suite looks for in Senior Management

Being an experienced manager isn’t enough to help you move into a more senior position any more. To succeed in today’s rapidly changing world, great managers need to develop their leadership capabilities to continue your journey to senior leadership.

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Here are some of the skills the c-suite is looking for when they think about promoting internally:

Holistic thinking
Think more broadly about the success of your organization. More than just your department or division, how can you help the entire business unit or enterprise? How can you work more closely with and support other business functions?

Understanding the relationships between multiple functional areas is key to integrating their projects and activities so the entire organization can succeed.

Conflict resolution and negotiation skills
By thinking more about your counterparts in other business units you can understand where they’re coming from and why conflicting objectives are so common. With a better understanding of the entire organization, you can become a trusted resource outside of your unit.

There’s always room for improvement, especially when it comes to conflict resolution and negotiation. By developing the skills and approaches to facilitate effective conflict resolution you can get down to the real issues with less wasted time.

A strategic mindset
A good strategy isn’t handed down from the most senior member of your organization – it’s developed based on information from all levels of the organization, and should evolve with the changing needs of your business. Truly great leaders know how to develop plans and strategies to minimize conflicting objectives and reduce barriers to collaboration, but they’re also flexible and willing to adapt and change.

Appreciate the many and varied factors both inside and outside your organization that drive strategic decision making, and use them to guide your planning.

Problem solving
There’s nothing wrong with solving a problem intuitively, but there’s a great deal of additional value to be found in learning and applying a strategic model of problem solving. You can enhance your ability to drive innovation, evaluate business opportunities, and even better negotiate by using model-based problem solving and design thinking principles.

Coaching
And of course, a great leader has great mentors and coaches. A good coach will review how you handle challenges on the job and work with you to develop a personalized action learning plan.

Rotman’s Strategic Business Leadership program addresses all of these skills and more, and is designed to help you expand your influence and effectiveness within your organization.  Apply now.