Primal leadership drives great performance

In the current times of change and uncertainty, employees look to leaders for reassurance and conviction, which calls for effective Leadership. Leaders are mandated to address expressed and unexpressed fears of their team to keep them focused on the job at hand and prevent emotional turbulence from impeding productivity.

In 2001, a study by Daniel Goleman of 3,871 executives across organisations revealed that the leader’s style determines around 70% of the emotional climate, which drives between 20% and 30% of business performance.

It further reiterated that a leader who acknowledges and alleviates the employees’ concerns is able to get them to perform more efficiently towards their goals.

Primal Leadership approach to Leadership has the potential to positively influence not only the team but the atmosphere of the entire organisation.

What is Primal Leadership?

Primal Leadership is a leadership style that factors in the leader’s emotional intelligence. It is grounded in the idea that an individual’s emotional state impacts their behaviour and, in turn, impacts the people around them. The same holds true for a leader. In their case, it affects peers, employees and the overall atmosphere of the company. Therefore, leaders must be cognizant of their emotions and learn to manage them for the best results. Primal Leadership, in a nutshell, focuses on enhancing emotional intelligence for positive results.

Mood and emotional intelligence are two sides of a coin when it comes to Primal Leadership.

The science of moods focuses on how emotions become infectious and spread from one to another.

Learn How Mood Impacts the Outcome and how to improve your Primal Leadership skills through the four building blocks of Primal Leadership.

What is product strategy? What do you do to ace it?

Have you ever wondered about the secret sauce to the success of seven companies like Amazon, Ikea, Microsoft, or Coca-Cola? The common denominator in achieving their global ambitions is their product strategy. A survey conducted across top organizations shows that nearly 70% factor in their product strategy when making quality business decisions, such as the marketing strategy for a new product, research and development, and customer use cases. Startups and Small and Medium businesses can learn from these organizations to develop a winning product strategy for their products and services. But what is product strategy, and why is it essential for an organization to develop a great product strategy? We discuss this and the best framework to create a successful product strategy.

What is A Product Strategy? 

A product strategy is a series of steps to help companies bring the envisioned product/service to life. Essentially, the product strategy is a road map that helps employees understand what the company wants to achieve with its products and the steps involved in accomplishing it. A product strategy helps identify how a company’s product first into the market, the target customers who’ll benefit from it, and how it complements the other products and services in the company’s portfolio. A well-thought-out product strategy can help position the product right, clearly differentiating it from available offerings in the market and identifying why it will be the preferred choice for the customers.

There are several benefits to developing a successful product strategy. When a clear and well-thought-out plan is in place, teams at the company will be in a better position to work together to deliver their best and achieve the set targets. In addition, the sales and marketing teams in the organization will be able to better identify and articulate their unique selling propositions. Customer success teams will also determine the use cases for their products to better help their customers deal with support. The product strategy helps the development team keep true to the drafted vision and stay focused.

In addition to helping employees better understand the product and their roles, the product strategy also helps prioritize the roadmap. Building a compelling roadmap with a high-level action plan will help management prioritize the straightforward tasks that will help advance the vision to get the product to market. In the absence of a roadmap, the likelihood of misaligned prioritizations, measurement metrics and allocation of time and resources is given, resulting in delays and many mishaps – a product strategy fixes this, making product development streamlined & result oriented, saving both cost & time.

Click Here to learn more about the best framework to create a successful product strategy, its types and why you should employ one.

For executive coaches, when listening stops and talking begins

A recent survey showed that 67% of the participants believed that leadership coaching increased employee engagement and satisfaction, while 50% said it improved overall productivity. When it comes to coaching practices, leaders have traditionally employed a trust-based approach that focuses on working with employees to come up with solutions to new challenges. However, in a dynamic, ever-changing business environment, there are certain situations where leaders as executive coaches should resort to a direct-coaching process that maximizes goal attainment. 

Let us first understand the traditional coaching process and how it differs from a direct approach for understanding the two situations. 

The Traditional Coaching Process 

Leaders today are expected to have all the answers. Given the dynamic business environment that we operate in today, it is an unrealistic and ill-advised expectation. One way for leaders to manage this expectation is to adopt a new role: that of the coach. A coaching approach will help employees understand complex organizations better and get the job done without being told what to do. Successful coaching entails using three practices: Asking, Listening, and Empathizing. 

Asking Open-Ended Questions  -The coaching process starts by asking an open-ended question. Leaders ask questions to establish receptivity to the topic, and it also helps avoid presumptions that could typically limit the conversation. Time spent asking questions will challenge the employees’ thoughts, egging them to arrive at a solution for the problem. 

Hearing vs Listening  – Once a coach asks open-ended questions, the coach must LISTEN – unearth the concerns and challenges, both expressed and implied. Most leaders as Executive Coaches struggle with a situation, as most cannot tell the difference between hearing and listening. Hearing is a cognitive process that occurs internally, but listening is involvement – the presence of the person both in body and mind with a single-minded focus on the conversation. A survey of 8,000 participants in businesses found that the average person only listened efficiently to 25% of conversations. Thus, effective coaches use listening to understand the context and emotions of those they are coaching. 

Effective listening  – A study conducted across 8,000 participants in businesses found that they communicate as effectively or more effectively than their co-workers. However, the same research showed that the average person only listens at 25% efficiency. 

There’s a great deal of difference between hearing and listening. Listening in a Coaching Context requires significant eye contact and focused attention to capturing facilities expressions, gestures, and tics, which conveys a strong sense of engagement and interest from leaders.  

Empathizing  – Empathy is understanding a different point of view and establishing the interpersonal connection that enables effective coaching. Empathy is critical in helping employees manage their morale and think creatively about solutions. Empathizing shouldn’t prevent leaders from holding people to high standards but is a crucial step in assisting employees build resilience and learn from setbacks.  

Leadership Coaching makes employees feel heard and understood while giving them the leeway to find solutions. It entails asking questions, listening to the employees’ concerns, and empathizing with their challenges. So, in essence, the traditional coaching process lasts for several weeks and months. In fact, in high-performing companies, it is an always-on program. 

While the traditional coaching process is effective over the long term, certain situations may require Coaches to speak rather than listen, a quick and effective resolution. 

There are certain situations in which leaders need to take a direct approach to coach. Click here to learn more.