Episode Transcript
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0:02
And when there is no vision, the
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people perish. We choose to go
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to the moon. If today
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were the last day of my life, what I
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want to do, what I am about to do
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today. Change
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will not come if we
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wait for some other person or
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if we wait for some other time. We
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are the ones we've been waiting for.
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Welcome to the Strategy Skills
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Podcast, where strategy partners teach
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you the tools and techniques
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to solve mankind's greatest problems.
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Hello, this is Christopher Grover. Welcome to
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another episode of the Strategy Skills Podcast.
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And today we are speaking with
1:32
Pete Steinberg. Pete has more than
1:34
20 years of experience as an
1:36
elite rugby coach. Very few people
1:38
can say that coaching the USA
1:40
women's rugby team at two World
1:42
Cups and the Rio Olympics. And
1:45
he's also president of Innovative Thought, a
1:48
business consultancy focused on leadership
1:50
and organizational development and has
1:53
extensive experience consulting with top
1:55
Fortune 500 professionals.
1:58
Pete, welcome. Thank you. to
2:00
be here. How do you help
2:02
executives and I kind of jumping into your
2:04
work with executives, but at some point I
2:06
still want to talk about your work as
2:08
a coach. But let's start off. One of
2:10
the most important things we do as leaders
2:12
is we want to contribute. And
2:15
so my first question to you
2:17
is how do you help executives
2:19
deliver the best performance they're capable
2:21
of? Kind of a broad question
2:23
and you can take it where you think will
2:25
be most valuable for our listeners.
2:27
Yeah, I mean I would
2:29
say that if
2:32
you said what was the number one
2:34
thing that I
2:37
help executives do, I think
2:39
it's around the concept
2:41
of intentionality. So
2:43
one of the challenges that we
2:45
have in the modern world is we don't have time.
2:47
And I think
2:49
that's been accelerated post COVID when
2:52
everything's virtual and we have meetings all
2:55
day. And so executives actually don't have
2:57
time to stop and think.
3:00
And so things tend to become lots
3:02
of things become implicit. So the way
3:04
they leave becomes implicit, just happens. The
3:07
way they run their teams become
3:09
implicit, that just happens. And so
3:11
helping executives be really intentional about
3:14
how they spend their time is
3:17
probably the fundamentals of the way that
3:19
I work with my clients. Intentional.
3:22
So if we dig a little bit deeper
3:24
for someone who has a packed
3:27
schedule and they have
3:29
so many responsibilities that they struggle
3:32
to sleep at night because of
3:34
all that, what would be some
3:36
of the first steps you will take with them,
3:38
working with them to help them be more intentional?
3:41
Well, you know, it's funny as an executive
3:43
coach when I come in and work with
3:45
senior executives, the hardest thing is actually to
3:47
find time on their calendar for them to
3:49
meet with me. So it's, you
3:51
know, they're like, oh, I need help. And when I,
3:53
when can we meet? And they'll say, oh, four months
3:55
from now, I have some time on my calendar. And
3:58
I said, this isn't going to work. So. We
4:00
actually, normally the very first
4:03
thing I have to do is we have to just create
4:05
time for them, partly to meet with
4:07
me, but also for them just to think.
4:09
And so, there's a couple
4:11
of strategies that we take getting
4:13
into finding time. So,
4:15
one is we take a shotgun to their
4:17
calendar. So, that we start on Monday and
4:20
we stop and we look at the week and
4:22
we say, which of the meetings do
4:25
you have to be in? Right?
4:27
These are meetings that you don't have control
4:29
of. Often it's the bus or it's corporate
4:31
meetings or those stay on the calendar. And
4:33
that's normally like a third of your time
4:36
is normally things you don't have control over.
4:38
Then the other two terms, you actually have
4:40
control over. And so, the
4:42
question becomes, and this
4:44
is the challenge that we have. And
4:47
I think as humans, we just have
4:49
really strange views of time. So, if
4:53
someone comes to me and says, oh,
4:55
I want to sell you something. I'm a vendor. And
4:58
they say, can you meet next week? And I'll say,
5:00
oh no, my calendar's booked next week. And
5:03
they'll say, what about next month? And I'll say, oh yeah, I
5:05
have time next month. But actually,
5:07
the week before that time, my calendar
5:09
will be booked. My calendar is always
5:11
booked. And so, we have this
5:13
weird sense of time. So, you go through, on
5:15
Monday, you go through the calendar and you say,
5:18
which of these meetings am I required to
5:20
be in? And which of
5:23
these meetings do I absolutely have to be
5:25
in? In other words, if I am not
5:27
in this meeting, it can fail. And
5:30
then the rest, it becomes, all right, do
5:33
I have to be in those other
5:35
meetings? And actually, when you list it
5:37
as, if I'm not in the meeting, the
5:39
meeting fails. There aren't that many. There aren't that
5:42
many of those meetings. Like, other people can run
5:44
them. Often, you're in the meeting because of your
5:46
position. I worked with a client,
5:49
C-suite executive on a Fortune 500 company.
5:53
And I asked him, and I'd
5:56
worked with him about a decade before as a coaching client. And
5:58
he was really good at managing. is time
6:00
and I said, how do you decide if you're going
6:02
to be in the meeting? And he said,
6:04
I'm only in meetings that move
6:06
the stock price. If
6:10
the meeting is not a discussion that's going to
6:12
move the stock
6:14
price, I am not in that meeting. And I've taken
6:16
that away with me and I've asked my clients at
6:20
the top level, how
6:22
important is this? How much do you
6:24
value your time? Are you
6:27
in the meeting to make it 2% better? To make
6:29
an idea that worth your time to make it
6:31
2% better? And so that's the
6:33
first thing we do is we find time
6:35
in their calendar by being really ruthless about
6:38
how they spend their time. My immediate
6:40
thought on this example about stock prices, it
6:42
limits you to short term thinking. You're not
6:45
thinking that daily 10, 20, 30 years into
6:47
the future, even 100 years into
6:50
the future and thinking how do you make
6:52
sure that your company still drives them?
6:54
What are your thoughts? I
6:57
would say that first
6:59
of all, I think that's a good
7:01
observation. But remember what I'm trying to do is
7:03
just find time for them this
7:06
week to meet. And so
7:08
I agree, it's completely like the
7:10
shotgun to the calendar is completely short
7:12
term. It is not a solution to
7:15
the problem, it's a mitigation to
7:17
the problem. And the long
7:19
term solution to the problem is a
7:21
really robust understanding about how
7:23
the leader wants to lead and
7:26
what they want to accomplish and therefore where they
7:28
should spend their time. So the
7:30
long term takes time, the short term is,
7:32
is it going to move the stock price?
7:34
So I'm with you on that. I think
7:36
that's a great observation that it's short term,
7:38
but that's what it's designed to do. I
7:41
was not referring to your approach, shotgun
7:43
approach. Totally agree with that. For you
7:45
to even find time to work with
7:47
a client, you need to use it
7:49
to create time because some calendars are
7:51
fully booked. I was just referring to
7:53
that statement from one of your clients,
7:55
the danger of that view. Yeah, it's
7:58
interesting. interesting
8:00
because, sorry, just to follow up on that,
8:02
because when I work with CEOs
8:05
of publicly traded companies, if
8:09
business is good, they can look at
8:11
the long term. If business
8:13
is bad, they tend to work out
8:15
how to like, they tend to work quarter to quarter.
8:18
And that is a, I
8:20
think that's a systematic,
8:23
a systemic, excuse me, issue
8:26
that exists, particularly in the
8:28
US. I think it's less of
8:30
a challenge in some other
8:33
places of the world, which
8:35
is there's a lot of pressure
8:38
in the short term for those
8:40
publicly traded companies, and particularly for the CEOs
8:42
that feel responsible for that stock price. So
8:46
now that you created some space and
8:48
client calendar, then you can do deep
8:50
work with them. And last
8:52
to start, if you're in agreement with
8:54
that, is the principles. Because
8:56
you mentioned in your book that you
8:58
recently wrote that in your work as
9:01
a rugby coach, you realize that the
9:03
team needs principles that will guide the
9:05
kind of move they choose to initiate
9:07
and how they respond effectively to attacks
9:09
from the other side. So maybe we
9:12
can take a step back and start
9:14
with your career, kind of go to
9:16
your time of being a coach. And
9:18
how did you develop those principles specifically
9:20
for your team's competing? And
9:22
can you list and explain the principles? Yeah,
9:25
I mean, I think that's so first of all, thank you for
9:27
reading the book. I appreciate you
9:29
reading the book. Yeah,
9:32
so you know, I coached Penn State, the
9:35
Penn State women's rugby team for 19 years.
9:38
And we won 10 national
9:40
championships, I coached a couple of men's teams,
9:42
the national championships too, in that time. And
9:45
then from 2011 to 2017, I was the
9:49
head coach of the US women's 15th team, and
9:51
also got a chance, I coached at two World
9:53
Cups and got a chance to coach at the
9:55
Rio Olympics. And, you know, this is actually interesting, before
9:57
I get a principles, I'm going to go back to time.
10:00
One of the things that I think coaching
10:03
at an elite level teaches you
10:05
is the value of time. When
10:08
we were leading up to the 2017 World
10:11
Cup, and
10:13
those games were happening in August,
10:15
we played Canada
10:19
in April. And national teams
10:21
come together for events, and then they disappear.
10:23
So we played Canada in April, we
10:25
played them in San Diego, and then we
10:28
had about six weeks together before we went
10:30
to the World Cup. And we sat down
10:32
and we found something out when we played
10:34
Canada, which is we're too high in contact.
10:37
So in all contact sports, the low person
10:39
wins. It's physics. If I'm lower than
10:41
you, I can knock you back. If you're higher than me,
10:43
you don't have as much power. So we worked out we're
10:45
a little bit too high in our contact. And
10:48
we looked at our schedule and worked
10:50
out in that six weeks, we had 27 minutes
10:52
that we could spare to work on
10:54
this issue. And
10:56
that's how detailed the time
10:58
that you have. So when you're
11:00
at the elite, sorry, Chris. To
11:03
interrupt just for listening to school and not
11:05
following this particular game, could you
11:07
just explain the issue so that they can
11:09
then have the context to understand the system?
11:12
Absolutely. Absolutely. So in rugby as a
11:14
contact sport, it's a full tackle sport.
11:17
So I have to tackle someone with the
11:19
ball. And if they
11:21
get lower than me with the ball, I can't
11:23
generate power and they knock me back. And
11:26
if I get lower than them when I tackle them,
11:28
I knock them back. So whether you're the ball carrier
11:30
or the tackler, you want to be lower. And
11:33
that's a technical issue that takes probably
11:35
a lot of reps to change from
11:37
an elite athlete. And so
11:39
that was like you down to the minute,
11:41
we have a certain amount of time that
11:43
we have on the field, we have
11:46
more time and more flexibility in the meeting
11:48
room and with video because it's not as
11:50
physically taxing, although you have to be careful
11:52
of the mental burnout. And so
11:55
on the field, we had 27 minutes before
11:57
we played our first game. That was it. And
11:59
it was broken. up into like minute like eight
12:01
minutes here and seven minutes there. So
12:03
that's one of the things that taught me
12:06
the value of time. It's like when
12:08
you're going to play England and
12:11
you've got two practice sessions before
12:13
you play England, you have to be
12:15
really intentional about how you
12:17
use that time and you have to make
12:19
choices and those choices get
12:22
driven by your principles and
12:24
your principles are driven by how do you
12:26
want to play the game? Like in every
12:28
game, there is both,
12:30
there is the way that other people play
12:32
it and the way that you want to
12:34
play it and you should spend your time
12:38
focusing on the things that help you play
12:40
in the way that you play the game.
12:43
Right. And so an exact, very simple example
12:45
in rugby, and I'll try and do it
12:47
for the non rugby people is that you
12:50
have two choices in rugby. You can either
12:52
go around the defense or you can go
12:54
through the defense. If you go
12:56
around the fence, you do it with passing. You're
12:58
not allowed to pass forward. So you have to
13:00
pass backwards. So you want to pass in work.
13:02
If you want to go through the
13:05
defense, you go through with power. And
13:08
so if you decide that you want
13:10
to go through the defense and go
13:12
with power, you spend less time focusing
13:14
on passing. If you want
13:16
to go around the defense, that's your
13:18
strategy. Then you spend less time on
13:20
power and going through contact. And
13:22
so when you have those principles about how
13:24
you want to play, they
13:27
inform what you do on
13:29
the practice field. And it is exactly
13:31
the same as a leader. Not
13:34
all leaders are different. They have
13:36
different values that they bring.
13:38
They have different purpose, different
13:41
meaningful things that mean to them. They
13:43
want to do different things in their
13:45
roles. And so they need
13:47
to build principles about
13:50
where they, what, where they want to spend
13:52
their time based on how they want to
13:54
win in their role. And
13:56
so one of the challenges that we have is
13:58
that we generally we're very. generic. You
14:02
know, an example would be,
14:04
should every leader have weekly
14:07
one on ones with their team? Now,
14:10
the answer is no, not
14:12
every leader should have weekly one on ones with their
14:14
team. It depends on how they want to
14:17
lead. Some leaders who feel like
14:19
that connection is really important to them, right,
14:22
and having that connection is
14:24
part of their leadership principles. Yes, they should
14:26
have one on ones. For others, they want
14:28
to lead their team differently. They shouldn't have
14:30
one on ones with their team. Having one
14:32
on ones with your team every week, maybe
14:35
it's every month, maybe you don't have one on
14:37
ones. I recently worked with a leader where the
14:39
outcome was she told her team, we're not going
14:42
to have one on ones, but I will always
14:44
be available for. So instead
14:46
of it being a leader driven interaction,
14:48
it's now a team member driven
14:50
interaction. And that was created that
14:53
approach of using that time was
14:55
created based on how she wanted
14:57
to lead. And
14:59
so principles in rugby lead
15:01
to how you manage your time in practice.
15:05
Principles as a leader lead
15:07
to how you manage your time in your calendar.
15:10
Ethan, do you remember how did you
15:12
develop those principles for your team when
15:15
you were coaching them? Yeah,
15:17
so it's a great
15:19
question. And there's probably
15:24
three inputs that go into that question.
15:27
So one is, what
15:30
is the game that's being played right now
15:32
in your context? So when I coach Penn
15:34
State women's rugby, that
15:37
was a different game than when I coach the
15:39
Eagles, right? The skill level is
15:41
different, the level of athleticism is different. So
15:43
part is like, what is the game that's
15:45
currently being played? The second
15:47
thing is, what are the strengths that
15:50
my team can bring to the tables
15:52
that can help us win within
15:55
the game that's currently being played? It's contextual.
15:58
And the third thing is what am I believed around
16:02
the game of rugby that I believe are true.
16:05
Like there are things that I just have
16:07
beliefs about the way I think the game
16:09
works. And so if you add the
16:11
context of how the game is being played, the
16:13
strengths that your team brings to the
16:15
table and the way you
16:17
think the game works as a coach, those
16:20
are the three things that can lead to
16:22
the principles that are lead to you performing
16:25
at your best. And do you
16:27
remember the principles, or at
16:29
least some of them that you came up with,
16:31
if it's not confidential? So I
16:33
don't think it's confidential, but it was just a long
16:35
time ago. But there
16:37
are some, yeah, so I think the
16:39
sort of principles that we
16:41
would have is if
16:44
there was a turnover, so if we won the
16:47
ball from the other team, we
16:49
would pass the ball twice, right?
16:52
So it's a very, like if this thing happens, this
16:55
is what we're gonna do. And that
16:57
is because we were, like the teams I
16:59
coached was fast, they were
17:01
skillful, and because of the way the
17:03
game works, the people
17:05
tend to be focused around the ball,
17:08
so if you can move the ball away, there'll
17:11
be space for you to find. So that would
17:13
be an example of a principle.
17:16
But other principles could be, we
17:19
wanna avoid the contact, or we wanna
17:21
play in the opposition half, which means
17:24
that we might kick. So
17:26
in rugby, any player can pass, run,
17:28
or kick, and so you can
17:31
kick at any time. So you might say, we wanna
17:33
play in the opposition half. And
17:35
we say, okay, we're gonna play
17:37
in the opposition half, which means that
17:39
we're gonna look for more opportunities to
17:41
kick than, you
17:43
know, a different principle would be, we wanna keep the ball
17:46
in our hands, because we think that
17:48
doing that gives us a better chance to score. And
17:50
do you feel that it may be exposing
17:53
you to other team that you're competing with,
17:55
knowing what you're going to do in a
17:57
particular situation, if they take the time to
17:59
study you? Well. I think that's right. I
18:01
mean, it's a great question. And
18:03
so I think that these principles
18:05
are things that are a bit
18:07
dynamic, right? So you can
18:09
change them from game to game and
18:11
they should evolve. Some of them tend
18:13
to be more static, right?
18:16
They tend to be like, hey, I think this is
18:18
always gonna be true for us, but
18:20
you definitely want to be, and by the
18:22
way, principles are different, are
18:24
sort of different than tactics, right?
18:26
So this idea of, you
18:31
know, the idea of we want to play in
18:33
the opposition half, how we, that's sort of like
18:36
the big principle. How we do that, like
18:39
we should have lost different ways, right?
18:42
We could set up that situation to kick in lots
18:44
of different ways, but the end game is we want
18:46
to play in the opposition half, right?
18:49
And so I think
18:51
that that's a different sort of,
18:53
you know, sort of like strategic principles and
18:55
tactics so that
18:57
we can change our tactics so the teams that watch us don't
18:59
always know what we're doing, but our
19:01
principle, what we're trying to accomplish is still
19:04
the same. So now let's take
19:06
it to the business world and how would
19:08
you work with someone to help them figure
19:10
out the principles they should follow? Or they
19:13
currently maybe already have, but they're not realizing
19:15
they have. Yeah, I think that's actually
19:17
a really important point, Chris, is that many
19:19
people have, in fact, everyone has principles. The
19:22
first thing I do when I work with a client is I
19:24
go and talk to their team and
19:26
I say, hey, I mean, I don't use the words, what
19:29
are the principles? But I might say, hey, how does this
19:31
person lead? And normally I can get three or four things
19:33
that they do all the time, right? But
19:35
it's implicit. So that's actually an important feedback
19:37
loop. What I would
19:39
say is, the way I do it
19:41
is I use something called the authentic leadership model, which is in the
19:43
book, which starts with
19:46
purpose. So it starts
19:48
with like, what really fills your emotional
19:50
tank? What's the impact that you're trying
19:53
to make generally? That is not role
19:55
specific. It's not
19:57
job specific. I think we could have a long discussion. I
20:00
have a colleague that does a lot of
20:02
work in purpose about where the purpose is
20:04
fixed or whether it evolves or whether
20:07
it changes. But you
20:09
start with, for me, fundamentally,
20:11
what... And I feel like
20:13
it's at work. At
20:16
work, what really fills your emotional time? What's important
20:19
for you when you look back at your career
20:21
to say, this is what I did? And
20:24
often it's things like developing teams,
20:26
developing individuals, solving difficult problems, those
20:28
are the things that we get
20:30
to when we talk about purpose.
20:34
And then we talk about, okay, so if that's your
20:36
purpose, now we get job specific and we say, all
20:39
right, there's
20:41
four more parts that are really
20:43
job specific. So one is, what's
20:45
the role expectation that the organization
20:47
has? This isn't the job description.
20:50
It's like, what
20:52
is your boss or the leadership expect you
20:54
to do? Or if you're the CEO of
20:56
the board, then
20:58
it becomes, what
21:01
do you want to accomplish? What's your vision?
21:03
Like, what are you trying to fulfill in this role? And
21:07
those things can be purpose plus
21:09
role expectation plus vision can
21:12
kind of get you to like some of
21:14
the principles. But I think
21:16
it's kind of insufficient. It's sort of a shortcut. If I
21:18
wanted to do a shortcut, I would do that. But
21:21
I think there are two things that make this more
21:23
authentic, which is one, what's the value
21:25
that you provide in this role? And
21:27
this is actually a really interesting one, because
21:29
for many people, the value that they provide
21:31
in this role is different than the value
21:33
they provide in the role before. Right?
21:36
Like, actually, it's like, you know, it could be
21:38
very different. So what's the value that you provide
21:40
in the role? And then what are your beliefs
21:42
around leadership? And the value
21:44
that you provide and your beliefs in leadership
21:47
can help you get your
21:49
principles about where you spend
21:51
your time, so your priorities,
21:53
but also they become how you
21:55
want to lead. So your principles of
21:57
leadership. And so there's two sort of principles.
22:00
that come out of the leadership model. One
22:02
is your priorities and one is your leadership
22:04
principles. And both of those come out of
22:07
those five different areas. And it's not
22:09
linear, it's kind of iterative, like they
22:12
interact with each other. And
22:14
so that's why it can be a little bit, it's
22:17
a system that kind of interacts and works together. What
22:19
would be some examples of principles as
22:21
it relates to priorities? So
22:24
priorities are actually often
22:26
the easiest ones to
22:29
get after for leaders, because
22:32
they're mostly business driven. They
22:35
can be, and
22:38
they are a little bit different than
22:42
your goals, right? So your priorities are
22:44
different, because if you're a leader, you have a
22:46
team that's getting off to your goals. So the
22:48
priorities are really, where do I have the biggest
22:50
impact? Where should I be spending my team, my
22:52
time, that has the
22:54
biggest impact as we try and
22:56
meet these goals, myself as
22:58
a leader and my team? So those
23:00
things could be, it could be very
23:03
tangible, like
23:07
business metrics, like growth, profitability.
23:10
I don't like to have those in
23:12
there, because I think those are given, and
23:15
those are normally fit in the
23:17
role expectations. But it's often things
23:20
like, so the priorities will often
23:22
be things like, enhancing
23:25
client relationships, right?
23:27
So a priority is, I worked
23:30
with the CEO of a global
23:33
professional services firm, just
23:36
was promoted, and his three priorities
23:38
were, areas
23:40
of focus were engage
23:43
with partners to help
23:46
them drive their effectiveness, be
23:48
out in the market, right? To
23:50
build the brand of the business, and
23:52
manage the board. And
23:55
he said those were the three things that were most
23:57
important to him. And what was interesting is
23:59
when I... first I'd working with him, I think he had
24:01
16 direct reports as
24:03
the CEO. And so
24:05
then he said, well, hold on. If these
24:07
are my three most important things, like
24:11
why does the general council report to me? Why
24:15
does the head of HR report to me? Why
24:18
does this, why does the CMO report to me? Like
24:21
it was just really interesting. And we
24:23
went through and he actually ended up
24:26
completely revamping his leadership team, creating a
24:28
more robust COO role. Where a lot
24:30
of the operations reported up through, through
24:33
there, because his priorities,
24:36
he said, these are the three things I want to do. These are the
24:38
three things I want to focus on. And
24:40
so that's a very, I think
24:42
powerful example of someone who can
24:44
really change the way he leads
24:47
based on where he wants to focus. Peter,
24:49
how do you help clients to
24:51
figure out the right priorities and
24:54
not miss something that can lead
24:56
to tremendous pain down the road?
24:58
No, no, it's a, it's a, it's a
25:00
great point. So first of all, I would
25:02
say there probably aren't right priorities. There's just
25:04
different priorities. And so
25:06
first of all, is having the willingness to
25:08
experiment, right. And to change. And
25:11
so when, when I work with
25:13
clients, it's a, it's a six
25:15
month process and they already start
25:17
applying things as they go and
25:20
learning. So they said, oh, okay, so I'm not going
25:22
to be involved in this piece. So
25:24
I'm going to pull, like I'm going to let
25:26
one of my direct reports lead that piece and
25:29
then, oh my gosh, that actually wasn't a good idea
25:31
because now they're making decisions that aren't good. I need
25:33
to step back in. So
25:36
part of the really important thing is practice.
25:39
And this is something, you know, I've preached
25:41
to my clients a lot is that we don't
25:43
do like the nice thing when you coach the
25:46
national team or you coach any sport or you
25:48
play music is before you perform, you get to
25:50
practice a business. We don't get that opportunity. We
25:52
just, it's almost like learning to play the piano
25:55
in front of like a couple of hundred people
25:57
when you've never played before. The
26:00
nice thing about practice is you're
26:02
willing to experiment and fail and
26:04
it is allowed in practice where
26:07
in your performance it's not. So one of the things
26:09
I try to do with my clients is get them
26:11
to be willing to recognize that number one they fail
26:14
all the time. There are things that don't
26:16
work all the time and it happens all the time
26:18
because the jobs are big and the
26:20
things are complex. And as soon as you
26:22
acknowledge that you say, well okay, if I
26:24
understand that a lot of the time I'm
26:27
going to fail and the trick is to
26:29
adjust and be agile, then the leaders are
26:31
willing to experiment and practice. And they're saying,
26:33
hey, I'm going to try this for a
26:35
bit. I'm going to let someone on
26:37
my team lead this or I'm going to lean into
26:39
this part of the business and I'm going to learn
26:41
and take feedback to say, is that where I should
26:44
be spending my time? So I don't
26:46
think it is written on stone. I
26:48
don't think there's a moment where everything
26:50
changes. It's throughout the process they're experimenting
26:52
and getting feedback that allows them to
26:54
do that. So that would be one.
26:57
And then the second thing is, and
26:59
I say this, I think feedback is
27:01
the fuel of high performance as
27:04
a leader to go to your different stakeholders
27:06
and say, here's where I think I should
27:08
spend my time. What do you
27:11
think? Do that to the board, do
27:13
that to the leadership team, do it
27:15
to mentors,
27:18
find people that you can test
27:20
your model with would be
27:22
the second thing. So I think if you practice and
27:25
you test your model, I think
27:27
both of those would
27:29
probably overcome some of like, because I
27:31
think what you're saying, Chris, is there
27:33
are biases, there are blind spots, right?
27:36
There are things, this cannot be an
27:38
individual exercise, right? This has to be
27:40
a team organizational exercise, especially at the
27:42
C-suite. And so getting feedback from the
27:44
other parts of the organization is really
27:46
critical. And when you
27:48
are working with executives, do you
27:50
recommend specific time management approach for
27:53
those executives that are struggling with
27:55
that part? Yeah, I mean, I
27:57
think it's a natural outcome of... of
28:00
the work that I do with them. But
28:03
fundamentally, I think
28:06
what leaders get out of it is they
28:08
just value their time more. I
28:11
just don't think, like time is
28:13
a non-renewable resource. Once
28:15
it's gone, we don't get it back. And
28:17
you know, you'll often hear leaders say, we
28:19
are only our people, right? They'll
28:21
say, we're only our people. And I'm like, no,
28:24
no, you're only your people and where they spend
28:26
their time. And if they spend their
28:28
time in the right places, then they're doing
28:30
good stuff. If they spend their time in
28:32
the inefficient places, then they're not good. So
28:35
the natural outcome of the work that I
28:37
do with them is that they have their
28:40
priorities. We do work where we take the
28:42
last month of their calendar and we map
28:44
it to their priorities. And we say, which
28:46
of these match your
28:48
priorities? What does that mean about what you want
28:50
to do differently? Often working with
28:52
the chief of staff or the EA to
28:55
say, here are the different things. Because some
28:57
of the hard things, when I work with
28:59
clients, there's
29:02
often, there's definitely people that
29:04
lose access, right,
29:06
to this executive. Like there's a choice that says, this
29:09
is not a group. There's another way this group can
29:11
be supported. It isn't through me. I
29:13
recently worked with a C-suite in
29:15
a large professional service firm and
29:18
she loved mentoring younger people
29:22
in their organization. She's like, it was great. I
29:24
mean, she's a woman. She liked mentoring, which was
29:26
actually a woman of color. And so
29:28
that was really important to her. But
29:31
now she's at the C-suite. She actually doesn't have time to do
29:33
that. So she had to find
29:35
other ways. She had to find other support for people
29:39
that she'd been mentoring. And then she
29:41
had to find other ways to have
29:43
an impact with that group that wasn't
29:45
these one-on-one hours that were extremely valuable
29:47
to the individual, but
29:49
not potentially a great return for
29:51
the organization, right?
29:54
And so you have to be really
29:56
explicit and you've got to be able to find ways. So
29:59
when you value your time. then you also
30:01
have to communicate to your team and to the
30:03
different stakeholders about how that time is going
30:05
to change and what it means about access to
30:07
your group. And when you
30:09
work with a client and they basically
30:12
reduce the amount of people that have
30:14
direct access to them, the people who
30:16
lose access, they don't just lose access,
30:19
they lose power, they lose
30:21
level of influence they had within an organization,
30:23
how do you deal with that backlash? Yeah,
30:25
I mean, I think that's the challenge. That's why
30:28
it can't just be, oh, I don't have time
30:30
to meet with you. It needs to be,
30:32
hey, I don't have time to meet with you,
30:35
but here's another leader that
30:37
does, right? There has to be a little
30:39
bit of a handoff, or I'm not
30:41
meeting one on one with these people, I'm going
30:43
to meet in groups of five, right?
30:46
That saves me a lot of time. Instead
30:48
of access, it actually creates a better bond
30:50
between that group of people that you're mentoring.
30:53
So there's different ways that you can do
30:55
that. But it's all about valuing your time.
30:57
And just to say, for some
31:00
leaders, that mentoring work is
31:02
part of their purpose, it will be in their
31:04
priorities. And that's their choice. Right?
31:08
For this leader, it was one of
31:10
those things that had to go away. So she had to
31:13
find off ramps, where there was still
31:15
support for that group with still senior
31:17
leaders. And she still wanted to like,
31:19
there were people that she'd been mentoring for 10
31:21
years, so she didn't want to say, Oh, I'm
31:23
not talking to you anymore. So instead of meeting
31:25
one on one, she met in groups of five,
31:27
that saved her five hours, right,
31:30
which is a lot of time for a leader, or four
31:32
hours, I guess, if I did the math, right, so four hours,
31:34
which is a lot of time for the leader. And
31:36
if that's four hours a month, that
31:39
that's a not insignificant return
31:41
for the organization. And
31:44
so you just have to find ways to mitigate
31:46
it. When you're working with clients,
31:48
what are the things that cause leaders
31:50
to fail in implementing this? So,
31:54
I mean, I was actually, I
31:57
was actually thinking
32:00
about this the other day. And
32:03
the reason why I was thinking about
32:06
this was I
32:10
had a potential client that I was talking to and
32:13
I was unsure about their commitment
32:16
to change. So, you
32:19
know, often, not always, but
32:21
often, you
32:23
know, an organization would reach
32:26
out to me and they'll say, hey, we have a
32:28
leader that's struggling and they need some help. And,
32:30
you know, I talked to the C-suite, or
32:34
the CEO is one of the leadership team and
32:36
that person's being told you need coaching. Okay,
32:40
so that's not a great position to start with, right?
32:42
And so, you know, I always say, they're
32:44
like, this person needs coaching, if they want to make the
32:46
next step or, you know, they've got some
32:48
real challenges. And so I have
32:51
to sit down with that person, I have to say, okay, like
32:53
I'm willing to work with you, but how open are you to
32:55
really change? Because if you're not
32:57
open to change, that's fine, right? That's your choice.
32:59
There's not a judgment. It's just not worth my
33:02
time or your time to have that conversation. So
33:05
the first one is probably individual
33:07
commitment to really change and
33:10
really be a different leader. The
33:13
second thing is it's
33:16
very hard to develop an
33:20
impactful leadership model
33:22
that you can implement if
33:24
the context around you is
33:27
constantly changing. So
33:29
it's very hard to lead. And,
33:32
you know, when there's
33:34
constant reorganizations, when
33:37
there's stress in the system
33:39
that's really creating a short-term focus like
33:42
you said before, Chris. And
33:45
in those situations, often I come in and I'm
33:47
saying, hey, yeah, we'll do this leadership model. And
33:49
then I'm like, oh, okay, actually you can't do
33:51
this right now. We're just meeting and talking about
33:53
how you survive the next month. Right,
33:56
there's things that are coming up that you need to deal with. You
33:58
just have to do that. You can... And
34:01
you can certainly begin to build
34:03
some of those foundations in that
34:05
process, but I think it's very,
34:08
very hard if that dynamic,
34:10
if it's such a dynamic organization,
34:13
because things aren't going very well,
34:15
that it's very hard for people
34:17
to have some stability when
34:20
things are dynamic. So, I
34:22
know those are probably the
34:24
two biggest. And sort
34:27
of a subset of that second group is, and I've
34:29
seen this happen a lot, is that we do all
34:31
this great work, and this person's already, and then all
34:33
of a sudden there's a crisis. Now,
34:35
the work that we do will have value
34:37
in that crisis, but actually
34:39
their ability to fully implement the model is
34:43
damaged because they don't have
34:46
the ability to be as
34:48
intentional as they would like to be because there's
34:50
something else going on that's taking their time. And
34:53
so those are probably the three things. But like
34:55
I said, when I work with
34:57
clients and we're talking about
34:59
it, I had a client that never finished
35:01
the model because
35:03
they're like, I
35:05
got it. As we go through it, they're like doing things or
35:07
testing things, I get it, I get it how it works. And
35:09
so they finished it intellectually. They knew how they wanted
35:11
to lead. I like to have them
35:14
write it down because I think it becomes something they
35:16
can reflect back on. But literally,
35:18
you'll get paid the full amount, but I've
35:20
got it. And I'm like, yeah, I think
35:22
you do. You
35:25
get it, you know how you want to lead, you know
35:27
where you want to spend your time. We don't
35:29
need to talk anymore. And that's sort of like a
35:31
little bit of the downside of my business model is
35:33
that my goal is that they
35:36
never call me again because
35:38
they understand how the system works
35:40
so well that as
35:43
things adjust, they can make adjustments. When
35:45
you call clients identify the priorities, do
35:48
you set a maximum kind of number
35:50
of priorities they can actually have? You
35:53
have good questions, Chris. Yeah, you have good
35:56
questions. say
36:00
in your model, the
36:03
way I like to talk about it is
36:05
the priorities are not
36:08
so comprehensive that
36:10
they cover everything that you do.
36:13
The priorities are about where do I want to
36:15
lean in.
36:17
Because if you actually listed the priorities
36:20
of a CEO, it
36:22
would be like, I need to
36:24
present to the street. I need
36:26
to manage the board. I need to do
36:28
like, like, there's too many. So what I
36:30
like to talk about is like, it's not,
36:33
not these are the only things I'm going to do. It's
36:36
like, when I have choice, these
36:39
are the things I'm going to choose to spend more
36:41
time. And I think that's,
36:43
that's the real critical piece of it. So
36:45
it's really about leaning in and to me,
36:50
maybe five might be too many, I
36:52
might prefer three, like, like say, here
36:54
are the three things and it's dynamic. So over the next
36:57
six months, here are the three things I'm going to focus
36:59
on. And four months in, you might be like, actually, something
37:01
else has come up. Okay, can you
37:03
add it? You take something out? Like it's
37:05
sort of where it's a bit the art
37:07
and not the science. So I
37:09
think probably three is where I like to go. If you
37:11
want to do four, I think you can do more than
37:14
two. Five, what
37:16
you would have to be a very well developed
37:18
leader to do that. And let's
37:20
say someone picks three, you help them
37:22
pick three, how much time ideally they
37:25
should dedicate to it? I
37:27
mean, I don't think I more, whatever
37:30
it says, they need to dedicate more time on
37:32
those. How much? I mean, that's,
37:34
that's, that's going to vary. But I think the goal
37:36
is if you have those three, it's like, how do
37:38
I spend more time on these
37:40
three things? Because remember, that
37:42
will get me to my vision, the
37:44
things that I want to accomplish in
37:46
the role, it will help me meet the
37:49
expectations of the organization. And it will
37:51
fulfill me because it meets my purpose,
37:53
right? It's authentic, because it's based on the
37:55
value I provide and my leadership beliefs. So
37:58
it's really just how do I spend more
38:00
time on these. And that's why I talk
38:02
about when you have discretion, this
38:04
is what I spend time on. And that's probably the
38:06
best way of really describing
38:09
the amount of time. And
38:11
in going through this process, which piece
38:13
of the model is the hardest usually
38:15
to put together? I think
38:19
the hardest thing probably to put
38:21
together is the
38:23
two hardest things are the value that they
38:25
provide and their
38:28
leadership beliefs. The value they provide
38:30
because often I work with
38:32
clients in transitions. They just became the
38:34
CEO. And so what happens
38:36
is the value that you provided as a
38:39
president of a business unit. And
38:43
by the way, or the head of a function,
38:45
actually I worked with a CEO
38:48
recently who came up through
38:50
marketing. And so they felt like the value
38:52
they provide was marketing expertise. Not
38:55
more. You're the CEO. That is
38:57
not the value you provide. Even though you
39:00
spent the last 25 years becoming an expert
39:02
in marketing, and even though you were promoted
39:04
into this role because you are
39:06
really good at marketing, the value you provide
39:09
is not marketing. You now have a head
39:11
of marketing. That's the value they provide.
39:13
So that transition can be really difficult. It's
39:15
often wrapped up in self-identity. It's
39:18
wrapped up in expertise. So that transition
39:20
can be really difficult. The
39:23
second one that's really hard is leadership
39:25
beliefs. And leadership beliefs can
39:27
be difficult because people really
39:30
have to be metacognitive to understand why
39:32
they believe something. And
39:34
so I had
39:37
a client who, one of their
39:39
leadership beliefs was my teams need to have something to
39:43
be great. OK. What
39:47
is it in your background
39:49
that makes you think that is true?
39:53
And when we worked our way back, we actually
39:56
went back to a couple of experiences that they
39:58
had where teams did really amazing. stuff
40:00
and it was really fun and then it
40:02
comes, all right but what was fun about
40:04
it? Right
40:06
so it's not fun, fun's an outcome. What was
40:09
actually fun about it? And it was that so
40:11
now I so actually it's not really fun it's
40:13
the collaboration and the intensity
40:15
of the work that's what made it fun.
40:17
Okay let's put that into your leadership beliefs
40:20
and so those leadership beliefs require real
40:22
meta cognition, the ability to really think
40:25
about why you think something to
40:27
be able to really understand that. So those are
40:29
the two and they're also the squishiest like role
40:31
expectation and vision. Those are like oh yeah like
40:33
I can write those down. Most leaders already have
40:35
some comp, they kind of know what they're supposed
40:37
to do, they kind of know what they're trying
40:40
to do. But the value
40:42
that you provide and the and
40:45
the leadership beliefs are probably the hardest ones for
40:47
them to come up with. Pete and
40:49
which elements need to be clarified
40:51
before you can settle on priorities?
40:53
So I think yeah it's a great question.
40:55
I think on priorities on your focus you
40:58
really need clarity around what your
41:00
role expectation and your vision is
41:03
and these are things where you need to
41:05
socialize those. Right
41:07
I actually worked
41:10
with and you know there's a number
41:12
of these case studies that are actually in the book
41:14
but I worked with a professor
41:17
who just became the managing
41:19
editor of a very
41:23
big publication in his field and
41:26
he was
41:28
really he was in leadership shock, he really didn't
41:30
know how to do the job and so when
41:32
we said what's role expectation he had to go
41:34
to the board and be like I think this
41:36
is what my job is. Is this what my
41:38
job is? Right or like this is what I
41:40
proposed so you need to both in
41:42
the role expectations and in the vision
41:45
those need to be socialized and
41:47
you need to be like hey this is what I
41:49
think you expect of me and here's
41:51
what I'm trying to do. Do you
41:53
guys agree? And
41:56
Those are the two things that really
41:58
have to be aligned to those. Because
42:00
if you don't get those rights. Than.
42:03
Your focus areas are going to be off the made. You're
42:05
not going to be the expectations of the organization or you're
42:07
not gonna get what you want to go in your vision.
42:10
Disappointed they can stack and
42:12
the socializing step. Yeah, I
42:14
am. Yeah, it is. It's as and
42:16
especially when you've got multiple stakeholders are.
42:18
The challenge with a board is it's
42:20
not a single entity. Though. Different
42:22
board members can be challenging and said that
42:25
bet they may need to be some time
42:27
invested in the little bit stakeholder analysis today.
42:29
Who do we really need to get on
42:31
board with this? Oh who, but also who
42:33
has some of the experience and expertise that
42:36
cannot be refined? This I'm and so that's
42:38
definitely something that is an important part of
42:40
it. So it's not like often socialize, it's
42:42
like through the key people that need to
42:44
be on board and who can we learn
42:47
from and that's have socialized with them. and
42:49
then when it goes to the board of
42:51
when it or. Or it goes to the
42:53
leadership team or to the Ceo. It's been kind
42:55
of like it had a couple of. Influences
42:58
that have seen it that can
43:00
support. and then you want with clients
43:02
the also look at that has no life
43:04
and how do you make said at all
43:06
much together. So I mean this is
43:09
sort of some of the disgusted by have
43:11
bottom of my colleagues. so even in in
43:13
my work. On.
43:15
Very focused on on the professional
43:18
world. As in in
43:20
in the authentically to sit model
43:22
as a coach. The exact coach
43:24
it's I'm I move outside of
43:26
box and so there is definitely.
43:29
Instances. In
43:31
fact, I can think of one right now.
43:33
Our current plan where work, life balance there
43:35
is really important. And it's as
43:37
written, challenging and and are even say. I'm
43:40
there. Was a client that I work with about
43:42
ten years ago. That.
43:45
I was doing this work within and
43:47
the outcome of of the leadership model
43:49
was a lateral move. Into.
43:51
Were role that was less intense. Though,
43:54
she could spend more time own. right
43:57
so that was the at the outcome was
43:59
now in the leadership model, none of that
44:01
was said, but in the discussions that we had,
44:03
it was, it was, you
44:05
know, she took a lateral move for a few
44:07
years while she had younger kids so she could
44:10
spend more time with them. And in fact, last
44:12
year she got promoted to VP and she reached
44:14
out to me, I hadn't spoken to her
44:16
for like maybe three or four years. And
44:18
she said two things that warmed my heart,
44:20
right? So one was, hey, I want
44:22
to let you know that I wouldn't be here if we
44:24
hadn't worked together 10 years ago,
44:26
because she was going to quit. And
44:29
then the second thing she said is, I took out my
44:31
leadership model, and I reviewed it, and
44:33
I moved to VP. And those
44:35
are the two things, it like filled my emotional tank,
44:37
I get shivers now, like as a coach, you don't
44:39
get much better than that. Like that was
44:42
kind of like, you know, when I read that,
44:44
I kind of got up and danced around in my in my
44:46
office a little bit, just a little bit. And
44:48
I dance, I'm a terrible dancer, but I did it.
44:51
So it is incredible to be
44:53
able to truly impact someone in
44:55
a very meaningful way, the way
44:57
their life trajectory unfolded. It is
44:59
incredible. So the last question from
45:01
me is stepping away from our discussion so
45:03
far. And this is my favorite question to
45:06
ask. Over the last
45:08
few years, what were two,
45:10
three, aha moments, realizations, that
45:12
really changed either the way you look at life,
45:15
or the way you look at business? Yeah,
45:17
so, so that's, that's,
45:19
that's really interesting. So one is
45:22
being exposed to vertical leadership development.
45:25
And this is changing,
45:27
you know, I
45:29
wrote the book about five,
45:31
like pre COVID. And
45:33
COVID kind of got in the way of the
45:35
publication. So I'm already evolving it as we go.
45:37
And one of the things is this idea of
45:39
vertical leadership development, which is, it's
45:42
about leadership aperture, it's your ability to
45:44
take and think about things in a
45:47
broader way. And as you become more
45:49
mature as a leader, your
45:51
aperture, aperture widens. And
45:53
there are some people that could be CEOs, but could
45:55
actually have a very narrow aperture. And
45:58
there are some people who might not even be managed. that can
46:00
have a very wide aperture. So the
46:02
idea of great leaders being able to
46:04
think like a visionary, or
46:07
to think about strategy, or to think about tactics, and
46:09
being able to move up and down that continuum, that's
46:11
been a big aha for me that I now take
46:14
with me in all the work that I do. So
46:16
that's definitely one. The
46:24
second thing that I think has really
46:26
struck me through the work that I've
46:28
been doing with my clients is, and
46:31
this is kind of like a post-COVID thing, and
46:34
it links to the management of time,
46:37
is the
46:40
importance of face-to-face
46:42
interactions are so
46:44
critical. I do a lot of
46:46
work. So we've talked a lot about my executive coaching, but
46:49
I do a lot of team coaching and high-performing teamwork. And
46:55
the ability for us to connect
46:57
face-to-face for two days as
46:59
a team will transform how that
47:01
team works and how that feels in
47:05
a way that I think pre-COVID wasn't true
47:07
because they would get together face-to-face. And
47:10
so that's been something to me that
47:13
I'm not sure that I and
47:16
I think it was a little bit like I
47:18
think implicitly I knew that was true, but now
47:20
explicitly I know it's true. I
47:23
now know because I see it with the teams
47:25
that I work with, they come together for two
47:27
days, and their next virtual meeting is just completely
47:29
different. They talk to each other
47:31
differently. They behave differently. And so I
47:33
think that face-to-face
47:35
work, I think, is critical. And
47:37
then a bit of a personal one or
47:41
personal slash professional one,
47:45
I think there's
47:48
a little bit like Dr. Hill myself. I'm
47:51
52. I have young
47:53
kids. So I have a four-year-old and seven-year-old.
47:55
That's why I look like this. If
47:58
I go through a night where I'm everyone sleeps in their
48:00
own bed for the whole night, that's a win. It
48:03
didn't happen last night. And so
48:05
it also means that when I'm
48:07
60, only one of my
48:10
kids will be in high school, the other
48:12
one won't be in high school yet. And so
48:14
I've, I've become more intentional
48:17
about thinking about what I want to do for the
48:19
next 10 years of my life. I
48:22
travel a lot for work. I want to be around
48:24
more. And so I think you
48:27
can, you don't need
48:29
a plan, but I
48:32
think you need a destination. And
48:34
this is to your point, Chris, not for this quarter.
48:37
Like where do I want to be when I'm 60? And
48:40
so as long as I have that end goal
48:42
about where I want to be in six, when
48:44
I'm 60, I can mostly
48:46
find my way there. And so I think
48:48
the power of having an end
48:51
goal about where you want to be in your
48:53
career, I think can
48:55
be useful as long as you're, as long
48:57
as it's vague enough, it can have multiple
48:59
outcomes. So it's not, I want to be
49:01
this. It's like, I kind of want to have these attributes
49:03
in my professional life when I'm 60. I'm
49:06
not like, and then I kind of work my
49:08
way towards that. I think that's been really powerful
49:10
for me. And
49:12
that's been since I, you know, had
49:15
my four year old when I was 49.
49:18
And, you know, I was like, all right, I
49:21
need to start thinking about this a little bit more seriously.
49:23
So those are probably the three things I've taken away. Thank
49:26
you, Pete. Anything else you want to share?
49:28
Maybe something you wanted me to ask you
49:31
and I didn't. And also where can our
49:33
listeners learn more about you by your book,
49:35
anything else you want to share related to
49:37
your book and song? Oh, well, thank
49:39
you. Thank you for that. So, um, what
49:41
I would say is that I, I
49:45
think, um, lead leaders that
49:47
want to be better,
49:50
will be better. I
49:52
think that's probably the most like you just have that, like, if you
49:54
just want to be a better leader, you'll be a better leader. Um,
49:57
you don't need to read my book. You don't
49:59
need to get a. coach, but
50:02
you need to be reflective, you need to
50:04
be metacognitive and you need to seek out
50:06
feedback. So if you're a leader, and you're
50:08
really thinking about why you think about things,
50:11
right, then you can be
50:13
more intentional. And then
50:15
if you seek feedback, you will always
50:17
improve. And I think those are probably
50:19
the things that great leaders do and
50:22
they don't need coaches to do. However,
50:24
if you would like some help, you
50:26
can find my book is leadership shop, you can get it
50:28
on Amazon. There's a podcast
50:31
that's out with its launch also called leadership
50:33
shock where we talk to some
50:36
of my clients that I work
50:38
with, but some other experts in the
50:40
field that you can check
50:42
out and you can always sign up at
50:44
my newsletter at Pete steinberg.com.
50:48
This has been a great discussion, Chris, I really appreciate you
50:50
giving me the time. Thank you, Pete. I really
50:52
appreciate you being here as well. And
50:54
for everyone watching and listening, our guest
50:56
today have been again Pete Steinberg. Last
50:58
name is S T E I M
51:01
B E R G. Check
51:03
out his book, it's called leadership shock.
51:06
And our podcast sponsor today is
51:08
strategytraining.com. If you want to strengthen
51:10
your strategy skills, you can get
51:12
the overall approach used in well
51:14
managed strategy studies. It is a
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free download. Go to firmsconsulting.com/overall approach.
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resume, you can get McKinsey and
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resume that God offers some bot
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it looks like and improve your
51:30
resume based on that. You can
51:33
get free download at firmsconsulting.com
51:35
forward slash resume PDF. Thank you
51:37
very much again, Pete. Thank
51:40
you very much everyone for tuning in. And I'm
51:42
looking forward to connect with you all next
51:44
time. Thanks
51:51
for listening to this episode of
51:53
the strategy skills podcast. Stay up
51:55
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51:57
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