Tag Archives: leadership training

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Goldman Sachs’ Inspiring Identity At Risk

A few hours ago, Goldman Sachs acknowledged in an SEC filing that mounting criticism in the press is a risk to the firm.  Goldman should be concerned.  A firm’s reputation affects employer brand, employee engagement and employee retention.  In the past Goldman employees were proud to say they worked for the firm.  Not so today following a long string of articles where Goldman has been referred to as a blood-sucking leech in the economy that cares only about its bottom line.  I cringe when I read such reports because I have several good friends who work or have worked at Goldman and without exception I trust and respect each one.  That said, having worked on Wall Street for most of my career, I know that people get caught up in thinking what they do is a game the score of which is determined by  how much money they make relative to others.  This mindset encourages imprudent risk-taking and behavior that may meet the letter of the law, but not the spirit. (Note: the gamesman profile was first described by Michael Maccoby in his book The Gamesman.)

I advise leaders that they must clearly communicate a set of virtuous values and keep them in front of employees.  The most effective leaders do this by celebrating the stories of individuals who exhibit the right values and getting rid of employees who don’t.  Absent a clear focus on virtuous values, an organization’s members will eventually stray into ethically questionable behavior that can destroy the firm.  And with organizations such as Goldman that are interconnected to many companies and countries via derivative contracts,  they can take the economy down with them.  That’s one reason I agree with Paul Volker and others who support effective regulation of financial services organizations.

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When Truth is Victim of “Nice”

Take a look at this article about Ursula Burns, the new CEO of Xerox, and her efforts to alter Xerox’s culture.  Anne Mulachy, the former CEO did a remarkable job pulling the Xerox family together to save the company when it was on the verge of bankruptcy.  Mulcahy is a tough act to follow but I’m pulling for Ms. Burns to take Xerox to the next level.  One way to look at  Ms. Burns challenge is that she needs to frame Xerox’s success as being rooted in achieving both task excellence and relationship excellence.  When a culture sacrifices truth to being nice (or more accurately to avoiding conflict) a company’s performance eventually suffer.  Ms. Burns is performing a delicate dance.  If she comes off too strong, people wil ear to spaek he truth.  If she does nothing, it seems that the desire to avoid constructive conflict may eventually sabotage the companies performance.

If I were advising Ms. Burns, I would say “make it clear to your Xerox colleagues that we must be intentional about achieving BOTH task excellence AND relationship excellence in order to thrive.  Sacrifice either and we will risk managerial failure for reasons I’ve written about in Fired Up or Burned Out.

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Is Your Corporate Identity Inspiring?

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Jason Pankau and I recently spoke at Vistakon, Johnson & Johnson’s Vision Care group. J&J has an inspiring identity that is expressed in its Credo. Our definition of an inspiring identity is that it exists when everyone in the organization is motivated by the mission, united by the values and proud of the reputation.

Take a look at the J&J Credo by clicking here. As you study the J&J Credo ask yourself if its mission and values are inspiring. After you study the J&J Credo, turn your attention to your organization’s mission and values and ask the following questions:

  • Are your mission and values clearly expressed and widely communicated?
  • Do you have a portfolio of stories that help people understand your organization’s mission and values?
  • Do people in your organization periodically take time to consider their decisions and practices in light of consistency with your organization’s values?
  • Does your organization’s reputation reflect it’s values?
  • Does your organization’s employer brand benefit from its inspiring identity?

J&J does a marvelous job on the Credo section of its website.  Take a look at it by clicking here.  In preparation for a book I’m writing, I’ll be interviewing Kathleen Fitzpatrick, J&J’s Director of Credo and Workplace Engagement, and posting portions of the interview on this blog.

Have you seen expressions of corporate identities (mission, values, supporting stories or practices) that have inspired you?   If so, please post them here or email me at mstallard [at] epluribuspartners [dot] com.

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Human Value Boosts Employee Engagement

Amy Wrzesniewski, Associate Professor of Organizational Behavior Yale School of Management, recently sent me a paper she co-authored with Jane Dutton (University of Michigan) and Gelaye Debebe (George Washington University) entitled “Caring in Constrained Contexts.”  Reading it made me realize that for workers in low status positions the indifference and incivility they experience is in part why 90 percent of employees today are either disengaged or not aligning with organizational goals.  Reading the comments of workers provides a technicolor view of their day-today experiences. Here are a few excerpts:

  • “The doctors have a tendency to look at us like we’re not even there, like, you know, we’ll be working in the hallways, and you know, no recognition of what you are doing whatsoever.”
  • “A typical day with the nurses down here would be I come in at about 4:30. I set my cart up in my area. … they do a lot of staring and gawking. I don’t know the purpose of this. It’s a very uncomfortable feeling for me.”
  • “I was called as a favor to my supervisor to come up …and clean a room because the patient’s family was complaining that the room was filthy. It was supposed to be cleaned by the day shift and evidently the day shift has skipped over that particular room…And you have these people shouting, ‘This room is filthy,’ and this, that, and the other, and ‘I want this room cleaned now.’”
  • “Doctors will do things like, you know, they’ll do an exam, take off their gloves and drop them on the floor. You know, just things like that…they don’t even think, you know, they expect housekeeping to do everything…I think there’s a difference between housekeeping and maid service and they get confused”
  • “Some of them [the doctors] feel like they’re next to God. There’s a lot of doctors who feel that way too…Just in their tone and their body language. Every now and then some might, they don’t want to say it, but you know they just feel it. Say, like this. For instance I am cleaning their room or waxing. A doctor will walk right through it. Even if it is not an emergency. You can tell them. Everyone else will go around. You know, I’m saying, he will walk right through here. Now, do you think that’s kind of a sense? Just because he’s a doctor. Nurses will go around housekeepers. So that’s why you get this feeling. Who he just thinks he is….”
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Your Corporation: Corpus or Corpse?

The root word of corporation is “corpus,” a Latin word meaning body. Does your corporation act like a healthy body where members support one another and recognize that harm to one is damaging to all. If not, perhaps your corporation is diseased with members harming one another through incivility or indifference. If so, your corporation is on its way to becoming a corpse (and its culture may be killing individual members, too).

Most corporations today are diseased. Corporate Executive Board research shows that 90 percent of employees today are either not engaged and giving their best efforts or they are not aligned with organizational goals. In this article that appeared this week in Hearst Newspapers entitled “Extinguising Employee Burnout” I spoke with reporter Scott Gargan about leadership, employee engagement, productivity and how to combat the growing problem of employee burnout that is literally draining the life out of individuals and organizations.

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Boost Productivity, Innovation: New Program with Linkage

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Jason Pankau and I recently teamed up with Linkage to offer a course on our book, Fired Up or Burned Out: How to Reignite Your Team’s Passion. Creativity and Productivity.  The course includes video with supporting participant and facilitator guides.  Here is a backgrounder on the program entitled Fired Up Leadership to Boost Productivity and Innovation.

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Free Webinar: Re-energize Employees

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Employees have been through a difficult season at work.  Layoffs, fewer resources and financial stress have taken a toll on employee enthusiasm, energy, engagement and alignment with their organization’s goals.  What should managers do to help employees recover, refocus and re-energize for the season ahead.  Jason Pankau and I are delighted to partner with the Best Practice Institute where we will be presenting a free hour-long webinar on the topic of re-energizing employees following the “Great Recession.”  The webinar will occur on July 14 at Noon EST. To read the webinar description and sign up:

  1. Click on this link
  2. Enter the Promo Code STPABP2 in on the right side (under the member sign-in box)
  3. You will be redirected to a page where you will need to enter information about yourself (i.e. your name, email and job position). After this page is filled out, you will be registered to watch the webinar for free!

This is a timely topic and we hope you will join us.

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    Leadership Wisdom: Howard Behar


    One of my favorite business books is Howard Behar’s It’s Not About the Coffee. Behar is the former president of Starbucks International and Starbucks North America. On March 24-25 I’ll be moderating a session at the Conference Board’s Customer Experience Management Conference in New York City where Howard will be speaking. You can learn more about the conference at this link. And be sure to check out the above webcast I hosted with Howard.

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    Employee Engagement: Why Now, More Than Ever

    Reading this article in The New York Times about the mood in New Orleans now that its football team, the Saints, is in the Super Bowl, got me thinking about employee engagement.  The article identifies a factor that has boosted the morale of New Orleans residents. It is a factor that has a positive impact on employee morale, too. What is it?