Tuesday, November 26, 2013

Power and Ego

Dr. Jeffrey Pfeffer of Stanford University recently wrote Power: Why Some People Have It - And Other Don't and was recently published in HBR.

In a nutshell, he says that leaders who do as they please and allow their whims to overtake company practices and rules may have more power ("Wow, he can do what he wants, he must be important") but that power may not be good for the organization, or get the executive what he really wants. It is a combination of high ego and low self control.

"And what of the people who are subject to the whims of bosses behaving in unpredictable ways?" Dr. Pfeffer asks. "They pay a huge price. Motivation declines...learning suffers...and stress skyrockets."

How about instead having a healthy ego and high EQ? Now that's power.  


Thursday, November 21, 2013

Size Does Matter

According to Professor Nick Seybert and his colleagues who studied 605 CEO's on a decade's worth of annual reports from nearly 400 S&P 500 companies, signature size does matter.

"Large signatures - which have been linked to narcissistic personality traits such as dominance and outsize ego - were positively associated with overspending, lower returns on assets, and - paradoxically - higher CEO pay relative to that of industry peers."

The complete article can be found here: http://hbr.org/2013/05/size-does-matter-in-signatures/

Wow. A very interesting study. Yet another reason to choose EQ over Ego. Check out your own signature and see how you compare. Here is mine:


Thursday, November 14, 2013

Radio Interview on WKXL Financial Spectrum

I was recently interviewed by Bill Kearney, host of Financial Spectrum on WKXL in Concord NH.

It's about 20 minutes long, if you are interested in hearing it, here is a link to the interview:



Tuesday, November 12, 2013

My interview with Bob Morris - Business Blogger Extraordinaire

I had the pleasure of being interviewed by Bob Morris - an avid book reader and blogger with a very interesting background (read more here).

He asked some very interesting questions about my personal experiences, thoughts on books and movies, and a little about my book.

Here is the complete interview:


Monday, November 4, 2013

Body and Soul

I was on the phone with a client discussing some issues she is having with her employees. There was a big management change a couple of years ago after their owner/founder died. The employees she was referring to have been with the company for a long time and are not adjusting to the new expectations very well. The old company was very unstructured and loose with policies and procedures. The new company is more rigorous and has grown the business significantly. The employees are complaining about all the things the new company doesn't give them: they push back when they don't get their first choice of days off, they grumble when caught socializing instead of working. It made me think about the maturity of organizations.

The company is the body - made up of the products, services, equipment, brand image, etc.  The employees are the soul. The two have to be in synch. So just imagine a you have a coworker in a middle aged body who acts like a child - demanding, ungrateful and whiney. It wouldn't be appropriate and they wouldn't get far. In my client's case, they are in a maturing body still acting like children.

The reverse is true too. The soul cannot act too old either.  Imagine an 80 or 90 year company acting like an 85 year old man. One who misses the good old days. Who "doesn't get" technology or social media and who prefers land lines instead of mobile phones. In fact, a recent study done by Venturebeat.com recently reported that 68% of CEO’s have no presence on social media. That’s a big number and their own personal discomfort with it often influences their company policies and practices. Old school big time.

Have you thought about the age of your body and soul? Is your workforce acting with appropriate maturity? Of course, what's appropriate for you will be unique. The key is having organizational emotional intelligence: situational awareness combined with flexibility.