A specialized arena of expertise for Executive Development Resource and Jim Barley is their unique understanding of the diverse challenges that face new leaders or leaders in a new role. With this clear understanding, each executive is supported in each of the Seven Challenges to understand and implement the most appropriate approaches, methods and tools to effectively manage their assimilation and each challenge with the support of their Executive Development Resource coach.
The Case: An important case for emerging and high potential as well as new or seasoned executives is their movement into new leadership roles. Their success or failure, as they assimilate into new responsibilities, is driven by a set of clear challenges that leaders immediately confront as they take on new leadership assignments.
The Reality: According to several studies*, 40% to 50% of new executives or executives in a new role, fail to meet business objectives within the first eighteen months of their job at an average cost to the organization of $2.7 million!
The Challenge: The leader in a new role is challenged to set themselves to the task of quickly bringing value to their new role and responsibilities. As a result, they need to be aware of a variety of reoccurring challenges in which they will be confronted.
The Goal: An important goal is to construct an effective framework around the most essential challenges to build an executive’s credibility, influence, and impact that creates organizational momentum in the right direction. This momentum is the result of well directed early actions establishing priorities and behaviors before the executive starts and thereby creating a solid foundation for future success. A wonderful quote from Louis Pasteur eloquently speaks to this …
“Chance favors the prepared mind.”
The Approach: Provide Executive Development Resource coaching support for the executive in their new role to accelerating an effective assimilation plan using the Seven Challenges as a practical and systematic framework for guidance.
The Seven Challenges... Supporting each challenge are approaches, methods and tools to effectively manage each challenge. The Seven Challenges… |
- Create and communicate your “Executive Value Proposition”,
- Identify and prioritize “Essential Priorities”,
- Achieve alignment with “Key Constituents”,
- Secure “Early Successes”,
- Develop and expedite your “Team and Others”,
- Network and build “Strategic Connections and Coalitions”,
- Manage self for “Work/Life Balance”.
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*(Sources: Identified by Dan Ciampa and Michael Watkins in their book Right from the Start , HBS Press, also, Challenger, Gray & Christmas, and Manchester, Inc.). |
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