Decide’s Latin origin means to kill off or to sever.

To make a decision thus means to kill off the alternatives.

Common decision-making errors result in you killing off the better alternatives – they are short cuts to expensive failure

Here are two doozies.

Confirmation bias happens when leaders place excessive weight on data that confirms their pre-existing beliefs and discounts contrary information.

We are living this problem right now. 

People on one side of the political spectrum highlight worst-case data on COVID-19. Their opponents emphasize opposite data. 

So many “expert” assessments and statements by political leaders are tainted by confirmation bias that ordinary people like you and me lose faith in their credibility.

It’s not just a political problem.

I fell into the confirmation bias trap myself. 

I wanted to take people on leadership trips to Normandy battlefields. I know the impact these experiences have on leaders and teams, and I’m very good at delivering them.

I wanted to do a lot of good for a lot of people, so I was eager to get going.

I believed that a good social media campaign could lead to mass interest.

A digital marketing agency I hired felt the same and suggested that Facebook ads would be a winner. They had had success with Facebook ads before, with a life-coach. They believed that they could replicate the outcomes. 

We made a series of (really cool) videos, created a complicated sales funnel, and crafted the ads carefully. 

We launched the ads. The videos were really popular and we saw superb engagement rates.

No prospects. 

We needed to create enough volume, we told ourselves, and the ads would pay off. Even if only .1 percent were interested, one million views should lead to 1000 prospects. 

We spent more.

We got nearly 2 million views and 300k “likes.” 

No prospects. No buyers.

I finally shut off the ads.

It turns out that we had tapped into an audience that loved military history, but they were not leaders or buyers.

Most entrepreneurs and leaders go to Facebook to keep up with friends and family, not for business advice.

That was an expensive lesson. 

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We will discuss decision-making and seven more steps to nailing your next 100-days during my free masterclass.  

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Status quo bias, on the other hand, increases resistance to change, even if your situation sucks and your plan is failing.

Leaders perceive that the status quo is safe. After all, the executive team signed up for the approach at one time.  

Board members or executives poke holes in alternatives, shoot-down proposals, and emphasize the risks of change.

Some resist change for fear of being “wrong” in adopting the current plan. 

Others do not have an apples-to-apples comparison of risk, so they place more confidence in managing the challenges of the failing plan they know than in a proposed alternative that they don’t. 

Solo-entrepreneurs and small business leaders with status quo bias make a decision one day and then talk themselves out of moving forward the next morning. 

You get trapped in the hamster wheel.

Here are two action steps to deal with these problems.

First, assess your assumptions. 

Ask “what must be true” for the plan to work. Those are your assumptions. 

Do a sanity check on the validity of the assumptions.

Do the same with alternate plans. 

This approach gives you an apples-to-apples comparison of the risks and opportunities.

It also helps you check your confirmation bias.

Second, use premortems.

A premortem is a story or two about how the plan failed so that you can identify the indicators and warnings. 

Make those indicators and warnings part of your risk assessment.

When the indicators and warnings light up in the wrong direction, you know it’s time to make a change.

Red-teams or designated critics can be helpful, too, but I prefer the pre-mortems. 

Leaders may rationalize away the former because they are supposed to point out problems. 

They go with the plan anyway and lose the benefit of the premortem’s indicators and warnings.

The premortem is something the decision-makers own, so they are more likely to take them seriously.

We will discuss decision-making and seven more steps to nailing your next 100-days during my free masterclass.  

Yes, it’s free and takes only ten seconds to sign-up. There are no sales, no gimmicks, just value for you.

Sign up now while this article is in front of you. You are one decision away from making even better decisions :0)

Get the peace of mind that you have decided to work ON your business

What is your top takeaway from this article? 

P.S. Do you want to nail your next 100 days? Of course, you do. Here’s the free training that will help you do exactly that. It’s perfect for solo-entrepreneurs, consultants, and micro-business owners.

You are one decision away from nailing your next 100 days.

Avoid being Scapegoated

Want to avoid being scapegoated for the next breach?
You need Total Trust alongside Zero Trust

You are a new CISO in the financial services industry. You are excited about the job but anxious due to the scale of the cyber threat from a range of actors: lone-wolf hackers, organized crime syndicates, governments and their proxies, and insiders. As you think through your game plan for addressing these threats, what’s your most important first step?

A. Get the latest technology and management tools.
B. Develop new, mandatory, IT security training for the company or client.
C. Bring in consultants to advise you on the latest threats.
D. Tighten protocols and increase penetration stress tests.
E. None of the above

Unless you picked E you will end up as just another victim. Your company will be
inadequately prepared to prevent a breach. Your team’s flat-footed response after the breach
will result in major losses to the business. You will be the scapegoat.

When your back is against the wall and you have to prepare your team to deal with new and
unprecedented threats, this is what you should do. It’s the opposite of what every guru is
preaching.

Your first step: Build Trust. Up and Out; Down and In

Zero Trust is an important technology and cyber security precaution. No one should be
granted total access to information.

A zero-trust approach to workplace relationships, however, is disastrous. When dealing with
your people and teams and those you support, you need to earn Total Trust.

You were hired because you seemed to be the best qualified person for the job, but that does
not mean you are trusted by your CEO, peers or team.

Compared with people at low-trust companies, notes a Harvard Business Review study, people at high-trust companies report: 74% less stress, 106% more energy at work, 50% higher productivity, 13% fewer sick days, 76% more engagement, 29% more satisfaction with their lives, 40% less burnout.

Lack of total trust sets you up for failure:
 You will not make much headway on getting cyber security imbedded in the culture;
 You will not be invited to board meetings to discuss cyber security;
 You will have little interaction with the CEO;
 Your C-suite colleagues will try to poach your budget and client;
 You will be seen as an impediment to growth; a distraction from business;
 You will have high rates of employee burnout and turnover;
 Your team’s vigilance and responsiveness to threats will be unequal to the task.

Fortunately, you do not have to share in this fate.

When building trust, think 1) Up and Out and 2) Down and In.

Up and Out: It is tempting, particularly for leaders of highly technical teams whose missions
are poorly understood across the company, to start building relationships from your silo –
your comfort zone and point of view. This common approach is the fast track to poor
communication and mistrust.

To build a trusting relationship with your boss and your peers, you have to meet them at their
bus stop. That is, you must see things from their point of view, talk their language, and
understand their interests and concerns. They won’t trust you fully unless they know you “get
it.”

How do you know that you are on the right track?
 You can “see yourself” and the business from their point of view.
 You discern how they view you and your team.
 You recognize their perceptions about how you affect their performance and the company overall.
 You understand the company’s vision, mission, goals and values and how you contribute to success.

Question: Can you explain all the above so clearly that it makes sense to a 5-year-old? If not,
you do not know it well enough.

Down and In. Build trust with your team. Trust is earned. It is not given because of your
position.

Being trustworthy means being worthy of trust. This is most powerfully expressed in your
competence and your character. Your team needs to believe that you can do the job, that your
word is good, that you will treat each employee with respect, and that you will be a good
steward of your people, teams and organization.

How do you know that you are on the right track?
 You set clear performance and behavior expectations;
 You meet those expectations yourself;
 You hold everyone equally accountable – no favorites;
 People bring you bad news immediately without sugar coating;
 Employees provide you with candid feedback without fear of backlash;
 Your employees understand their mission clearly and how it relates to the mission and goals of the company.

Question: What have you done today to show your team that you are worthy of their trust and
respect?

When you have total trust, your CEO and board want to hear what you have to say, your
colleagues will see you are a partner, and your team will have higher rates of engagement and
lower risk of burnout and turnover. Your company’s cyber security will be far stronger, too.

Christopher Kolenda, PhD, founder of the Strategic Leaders Academy, helps CISOs and
Cyber Security leaders elevate the performance of their teams, slash disengagement and
burnout, and boost the quality of their strategies and plans.

When you are ready, here are four great ways to work together

Speaking: Do you want a professional keynote speaker to talk with your team on leadership, culture, and strategy? I’ve talked to business, NFL, academic, government, nonprofit, and military audiences. I always tailor the presentation to you, so the message inspires action for you and your team. I’m a professional member of the National Speakers Association, which means I have a proven track record of professionalism and performance.

Training: If you want an even higher impact for your team, training and workshops are a great way to go. I teach teams and organizations on a range of Leadership, Culture, and Strategy themes, to include: how to elevate your team’s performance, how to build a culture of excellence, how to slash employee burnout and turnover, how to develop a winning strategy and how to prevent expensive mistakes. Programs for you range from half-day primers to three-day intensives, to include offsite at places like Normandy and Gettysburg.

Self-Directed Courses: Do you want your team to stay engaged on these key themes but do not want to send them away to an executive education course? We have a suite of online programs that are perfect for you. The courses are excellent ways to follow-up a training event to keep your team learning at your own pace.

Consulting: Do you want to improve your leadership development programs, build a culture of excellence, and create a winning strategy? Unlike the big, gucci, consulting firms that are slow, bureaucratic, and stick you with junior MBAs, I work personally with you and your team, so you get results quickly and cost-effectively with no hassle.

What results can you expect? Check out these video testimonials.
Reach out to me anytime you are curious about working together.

Are Expert Board Members Killing Your Nonprofit?

Expert Board Members could be Killing your Nonprofit

So, you or someone you know are starting a nonprofit or looking to bring new members to your existing board of directors.

Seeking subject matter experts seems to be the right way to go. After all, shouldn’t any nonprofit want the top academics, advocates, and expats from the areas you serve to guide the organization?

But here’s a surprise.  Often, the answer is no.

Certainly, many expert board members take their governance responsibilities seriously. But others, with the best of intentions, carry their own agendas and pet projects into the nonprofit. This can result in significant conflicts of interest, decision-making paralysis, wasted resources, and bickering and back-biting. These problems undermine the integrity of the board and the impact the nonprofit seeks to make.

The purpose of a board of directors is to govern the nonprofit.

Governance responsibilities fall into three categories: Strategy, Oversight, and Policy. Strategy determines how the nonprofit aims to pursue its mission and vision with the greatest possible impact. Oversight deals with stewardship of donor dollars, transparency in spending, and adherence to acceptable accounting practices. Policy addresses matters such as by-laws, hiring and evaluating the executive director, and selecting and maintaining a competent board that governs according to sound rules.

Unfortunately, being a subject matter expert, academic, advocate, or expat does not necessarily help board members fulfill their primary responsibilities. Superb thought leaders or people with important lived experiences who have little to no training or experience with governance can damage your organization, usually inadvertently, by drowning meetings in esoteric debate and scrimmaging to fund pet projects.

These problems create internal revenue bleeding. Decision-making paralysis forces the organization to tread water. Shifting priorities lurch the efforts of your team from one initiative to another. This burns the time and energy of your team. You cannot create and sustain momentum or generate the kind of productivity that comes from consistency. Your employees get frustrated, which lowers their levels of engagement. You spend endless hours dealing with drama, interpersonal disputes, and sometimes even subterfuge, rather than growing the organization. Many nonprofits detect the damage too late and never recover.

To add to the problem, experts may be less likely to donate to your nonprofit. Many rationalize that their academic work and volunteer support for the board is sufficient skin-in-the-game. This is an understandable sentiment, but it could hurt your organization. Nonprofit watchdogs and grant-makers want to know if each member of your board is a donor. When board members do not donate, watchdogs and grant-makers perceive that significant internal problems must exist.

What to do

  1. Hire board members with governance experience who agree to donate to the organization. The amount of the donation does not matter.
    Create a board of advisers for subject matter experts. They can give you the benefits of their research and experience and not be put in a position to damage your organization.
  2. Develop conflict of interest policies that prevent board members from participating in discussions in which they have a vested personal, financial or professional interest.
  3. Conduct governance training as a part of your board development process.

French Prime Minister Georges Clemenceau famously remarked that war is too important to be left to the generals. Like generals, subject matter experts can be helpful to your nonprofit with their research, experiences, and professional backgrounds. Exercise great caution before letting them run the show.