MP Message / Thought Leadership

The Real-Life MBA

MP MessageHappy New Year to everyone celebrating Rosh Hashanah.

As shared in previous MP messages, I enjoy reading books and articles on leadership and business topics as part of my own professional development. They often serve as inspiration for many ideas and initiatives which are currently established here at the firm. I recently read The Real-Life MBA: Your No-BS Guide to Winning the Game, Building a Team, and Growing Your Career, authored by Jack & Suzy Welch. Jack Welch, as you may know, is the legendary former-CEO of General Electric who was named “Manager of the Century” by Fortune magazine in 2000. His wife, Suzy Welch, is a bestselling author, television commentary and noted business journalist. The book is chock full of sound business advice, with six key learning opportunities which I felt are most applicable to every professional in our firm, relating to Team Alignment, Growth, Leadership, Marketing B2B, Building a Winning Team and Getting Unstuck in Your Career. I’d like to share a little about each through this and five additional future messages.

Let’s start with Team Alignment, which means more than simply a group of people who are in agreement. Alignment reflects an active ownership on the part of the team members, with each individual understanding and contributing to the goals, vision, and solution of top challenges. And Leadership is the driver to galvanizing the kind of alignment that takes the grind out of work. Here are a few points the Welchs share to get your teams successfully aligned:

  1. Getting into everyone’s skin – caring passionately about your people and understanding what makes them tick. If you want to inspire even more good stuff happening within your team, you need to truly get to know and care about your people as individuals. Your people give their days (and sometimes their nights) to you. They give their hands, brains and hearts. Sure, they are paid a salary to do so. But as a leader, you need to fill their souls. As a firm, we are more than happy to reimburse expenses related to lunches or activities with your staff with the intent to build stronger relationships. Speak with your PICs to ensure your efforts and related expenses can be approved, but rarely is it an issue.
  2. Serving as the Chief Meaningful Officer – using words and deeds to give your team’s work context and purpose. Remember, your people spend more than 40 hours a week working. If you’re not helping them make meaning of that investment, you’re wasting their time and their lives. Be aspirational in your tone with your team members. They want to be a part of something bigger than themselves.
  3. Removing blockages – clearing bureaucracy and other nonsense out of the way of your team’s path to results. A leader’s job is to sweep away those things which stand in the way of a team reaching its target. That includes people, too: the action blockers, the change resistors, the process obsessives. There’s always a way to create work-arounds for most anything so your team members can achieve their goals. And there are certainly plenty of people within our firm with a wealth of “people experience” to assist you in this area if needed.
  4. Demonstrating the generosity gene – going over-the-top in your desire and effort to reward people for great performance, using money, promotions and praise. One of my favorite things about the State of the Firm event is to recognize talented, loyal staff with our Strength Awards and Milestone Awards, also giving them a monetary gift. But remember, a simple ‘thank you’ or an announcement during a team meeting sharing praise about a job well done is free and goes a long way. And don’t forget about the Gotcha Awards!
  5. Making sure the work is fun – creating an environment of enjoyment and celebration. “Work Hard-Play Hard” is part of the Withum Way culture, and I think we do a pretty good job of having a good time while also providing the world-class service our clients expect. We embrace humor and candor; we do things outside of the office to build camaraderie; we do our best to adhere to our ‘no jerk’ policy and maintain a familial atmosphere. Every leader in our firm should help nurture this very important behavior.

I hope you enjoyed this first installment of the thought leadership coming from The Real Life MBA. Remember, if you’d like to read this book yourself, feel free to visit my bookshelf on Shelfari.com and order it. You can enter the expense under Publications/Subscriptions, with the words “Bill’s Virtual Library Book” in the Description section.

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