Creating Great Leaders with Vince Molinaro and Personal Development with Roger Salam

TTL 254 | Developing People

Creating Great Leaders with Vince Molinaro and Personal Development with Roger Salam

Leaders make the team. They are the ones that glue things together. They shape the culture of the place. That is why they have the power to either break or make the business. Vince Molinaro, New York Times bestselling author of The Leadership Contract and the Global Managing Director of The Lee Hecht Harrison Leadership Transformation Practice, gives his insights on leadership—what makes a good leader and how can they help step up the business. He talks about how being a leader is a contract; it has to be something you’re not pushed into but instead it is your passion. So he lays down the four terms of this contract, giving more value to how leaders ought to be.

 

On to another great person who talks about the value of developing people, Roger Salam talks about teaching and learning. He is an award-winning speaker, bestselling author, consultant, and the Chairman and Founder of The Winners’ Circle International Inc.—an invitation-only mastermind. He shares about what separates his Mastermind from the rest while giving and recommending books he has read that taught him as well about personal development.

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Inspiring Employees to Innovate Requires Removing Barriers

Attend any leadership conference, and the buzzword will be innovation. The focus on artificial intelligence has made it inevitable. To be truly innovative requires employees who embrace the ability to question processes and policies. It is also essential for employees to feel confident their organization’s culture provides a haven for inquiry and discovery.

Some of the top research organizations have concluded that the need for innovation will require adaptability to focus on skills needed to compete. The McKinsey Global Institute conducted a study of more than 3000 c-level executives in seven countries in 2018, and they found executives believe there will be a need for more advanced technological and cognitive skills; there will be an increase in emphasis on team-based work; nearly 20% of companies believe their executives lack the knowledge to adopt artificial intelligence; and competition for skilled workers will increase, with firms who are early-adopters of automation likely to snag the best talent.

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Opportunity Cost and Its Relationship to Curiosity at Work

When recently researching content for my work on curiosity, I was reminded of the importance of opportunity cost. For those not familiar with the expression, it means, “the loss of potential gain from other alternatives when one alternative is chosen.” In other words, what do you give up when you make a choice of one thing over doing something else? I meet many people who become paralyzed in their decision-making process because they find weighing alternatives challenging. However, what they might forget is that indecision is a decision.

In business leaders, often think about the benefits, profits, and values of actions and choices, but they often overlook how opportunity costs can be associated with people. If people’s skills are under-utilized and they are not aligned to jobs that match their interests, it is essential to consider the opportunity cost involved.

That is why it is important to consider the value of curiosity. I found that four factors hold people back from their natural levels of curiosity. These include fear, assumptions, technology, and environment. Fear can keep people from asking questions, from researching opportunities, and from exploring their natural creativity. Assumptions that employees might not like an activity or might not be good at it can keep people disengaged from improperly matched jobs. Inability to understand technology or fear of it is often overlooked. A culture or environment that does not promote curiosity can be the one thing that keeps the competition one step ahead in the race.

The opportunity cost of not developing curiosity in our workforce can lead to catastrophic results to the economy. Employees will need to learn new skills as technology replaces less-skilled labor. Organizations might have other opportunities for people who show initiative and creativity. Individuals who fear their jobs could be in danger, need to develop foresight to be proactive to change and become indispensable to organizations.

Steve Jobs, Bill Gates, Warren Buffett, Einstein, and others have all credited curiosity with their success. This experience drove me to determine how to ignite that desire in other people. What I discovered was that it was not enough to understand the value of curiosity; it was essential to determine the things that hold people back from being curious. That is why I created the Curiosity Code Index assessment to go along with the book, Cracking the Curiosity Code, to discover the things that impact curiosity and provide an action plan for how to improve.

Cracking the Curiosity Code and the CCI includes everything from:

  • How curiosity impacts engagement, creativity, innovation, and productivity
  • How fear, assumptions, technology, and environment (FATE) can impact curiosity
  • How to set strategies for overcoming the factors that hold people back

The book and assessment are due to be released by the end of 2018. To learn more and get notified of their release, please go to http://curiositycode.com. Consider the opportunity cost of not improving your curiosity. Can you, your company, and your employees afford it?

What Holds Us Back? 4 Things Holding Our Curiosity Hostage

We are often told to follow our passion.  Even if we determine our passion, some things hold us back from pursuing our natural sense of curiosity.  Curiosity has been called a sort of mental itch.  There are surprisingly few studies about curiosity because it is difficult to study.  Some people are more naturally curious than others. It can be important to have curiosity hardwired into us because it helps us grow and develop.  There are factors like stress, aging, drugs, genetics, etc. that could impact our level of curiosity.  Outside of medical issues or lack of financial capabilities, I have found four major things that hold people’s curiosity hostage including fear, the way things have always been done, parental/family/peer influence, and technology.

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It Wasn’t Curiosity That Killed the Cat

Lack of curiosity is holding people back from having a better job and fulling life. Having taught more than 1000 business courses, I have seen the same issue with thousands of students. The success of those who lack curiosity pales in comparison to those who embrace it. Over the last decade, I have researched the importance of curiosity to improve performance. I have also learned how successful individuals value and develop curiosity through interviewing hundreds of guests on my show. That has led to my interest in doing further research for my forthcoming book about curiosity.

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To Become a Highly Effective Leader: Reduce Fear by Developing Curiosity

It might be surprising, but many leaders fear being discovered for not being as smart as they appear.  Realistic or not, people often look to leaders as if they should know everything. This external pressure often leads to internal pressure.  Leaders fear criticism, failure, making hard decisions, taking responsibility, or being unable to reach an important goal.  Because of this, leaders often surround themselves with experts in areas with which they have less experience or knowledge, which can be a very crucial to their success.  However, this can also keep them from developing some of these skills on their own.  There are other things leaders can do to be truly effective, including developing their sense of curiosity in areas with which they might not normally be comfortable. Continue reading “To Become a Highly Effective Leader: Reduce Fear by Developing Curiosity”

Has a Book Become the New Business Card?

With the advent of self-publishing, realizing the dream of writing a book has become a reality for more people.  Many guests on my nationally-syndicated radio show have been authors. I was fortunate to interview Sharon Lechter recently, and she brought up how a book has become the new business card.  Sharon, of course, is the co-author of the Rich Dad Poor Dad series and several best-selling books based on the recently re-energized Napoleon Hill Think and Grow Rich series.  Sharon is the ultimate example of a successful author.  Most authors do not have Napoleon Hill Foundation behind their work.  However, many have access to sites like Createspace and others to showcase their writing skills. Continue reading “Has a Book Become the New Business Card?”

One Key Word That Impacts Intelligence, Engagement, Sales, Soft Skills, Gamification, and Millennials

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There is an emotional component behind most of the things that will make or break employees’ and leaders’ success.  When someone first hears the word emotion, it may suggest emotional intelligence.  Developing emotional intelligence is one important factor that has been demonstrated to lead to success.  However, that is just part of the picture. Continue reading “One Key Word That Impacts Intelligence, Engagement, Sales, Soft Skills, Gamification, and Millennials”

Impactful Content Creation For Better Customer Engagement with Tripp Crosby and Leveraging Great Content For Your Business with Tai Tran

In this day and age, catching your target audience’s attention and keeping it has never been more challenging. You never run out of things that you can do, but the question that remains is: are you doing the right thing? Internet sensation Tripp Crosby may have gotten the golden ticket to fame through his trending and viral videos, but he discloses that it was all a result of hard work, collaboration, keeping up with the trends, and great content creation. The key to effective customer engagement is creating content that entertains and inspires people. On the marketing and advertising front, Tai Tran has made a name for himself by being the youngest person on Forbes’ 30 Under 30. He emphasizes the importance of building your own brand and marketing yourself as an individual which can be achieved by writing content that’s going to resonate well with the audience.

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Expert Speaker and Trainer, Dr. Diane Hamilton, Available for Corporate Events

I have updated my speaker and training bio. Please click on the picture below to watch the video. To contact me for an event, please go to http://www.speakermatch.com/profile/drdianehamilton/