Aug. 15, 2020

#Culture 6: Implementing a Leadership Development Framework That Delivers ROI

In this episode, host Blake Bozarth, talks about implementing a leadership development framework that delivers ROI.

The #Culture series is hosted by Blake Bozarth, Founder & CEO of CoThryve. To hear more episodes like this one, subscribe to B2B Growth on Apple PodcastsSpotify, or wherever you listen to podcasts.

Transcript
WEBVTT 1 00:00:05.040 --> 00:00:09.310 Welcome back to btob growth. I'm Bliek. Both are the founder of Cothrive, 2 00:00:09.630 --> 00:00:14.390 where we help leaders in companies thrive, powered by their why? I'm 3 00:00:14.470 --> 00:00:18.710 the host of the Culture Series on B Tob Growth. In today we're talking 4 00:00:18.750 --> 00:00:25.219 about how to implement a leadership development framework that delivers a return on investment. 5 00:00:25.820 --> 00:00:29.820 So let's get into it. First we're going to talk about briefly how a 6 00:00:30.019 --> 00:00:35.420 framework should govern the leadership development programming that we do. We like a model. 7 00:00:35.460 --> 00:00:40.609 We call it the rear model. Our eer recruit, equip and power 8 00:00:40.890 --> 00:00:44.570 and retain, rearing leaders, if you will. So this is why we 9 00:00:44.609 --> 00:00:48.890 do leadership development right. It's to help us attract talent to our company who 10 00:00:49.049 --> 00:00:54.520 wants to grow and develop, actually develop and equip that talent to be effective 11 00:00:54.560 --> 00:01:00.240 leaders and then empower them to take ownership and lead, drive change, make 12 00:01:00.320 --> 00:01:04.909 impact, drive actual business results and then, when it all comes full circle, 13 00:01:06.150 --> 00:01:10.549 retain this talent. Everything we do, every leadership program we build, 14 00:01:10.909 --> 00:01:14.469 should fit in one of these buckets, and the best part about it is 15 00:01:14.510 --> 00:01:19.980 that they're not mutually exclusive. They are different goals. Recruiting and quipping and 16 00:01:19.060 --> 00:01:25.540 powering, retaining, but development and empowerment done right helps US recruit high potential 17 00:01:25.579 --> 00:01:29.140 growth ory and and talent, and it also helps us retain that talent. 18 00:01:29.980 --> 00:01:34.370 We cover selection andification and identifying leaders in another episode. So this episode is 19 00:01:34.489 --> 00:01:40.810 really going to focus on how we go about equipping leaders and exploring a framework 20 00:01:40.930 --> 00:01:45.849 we can apply to make this happen. So I cothrive. We like to 21 00:01:45.969 --> 00:01:51.400 call it our growth formula and I want to share the secret sauce today. 22 00:01:51.599 --> 00:01:57.040 It's so secret that the acronym we use for this is CIA. Here you 23 00:01:57.079 --> 00:02:02.950 go, clarity and tensionality and action. Clarity plus in pensionality plus action equals 24 00:02:04.069 --> 00:02:09.430 growth. Really simple but really powerful when we help leaders internalize this. If 25 00:02:09.469 --> 00:02:13.710 you don't have clarity on who you are, how you want to grow, 26 00:02:14.229 --> 00:02:17.979 if you are intentional with a plan to grow, and if you don't take 27 00:02:19.139 --> 00:02:23.340 action to follow through on your plan, it's just not happening. But if 28 00:02:23.419 --> 00:02:27.379 you're pursuing these three things, this is what we want our leaders to know, 29 00:02:27.740 --> 00:02:31.050 want them to internalize and what our programs should really be z designed to 30 00:02:31.210 --> 00:02:36.849 help leaders pursue these three things. You're getting clarity on your purpose, your 31 00:02:36.930 --> 00:02:40.330 strengths, what you're really good at and where you want to grow you're being 32 00:02:40.530 --> 00:02:46.039 intentional by making growth plans, determining the actions you're going to take, scheduling 33 00:02:46.080 --> 00:02:51.240 your priorities, and then you're actually taking action, you're following through in those 34 00:02:51.280 --> 00:02:54.719 plans. Growth will be inevitable. And if we can help our people do 35 00:02:54.919 --> 00:02:59.110 these things, pursue these three things, we're going to unlock value for our 36 00:02:59.150 --> 00:03:02.909 companies that we never knew existed, because growing leaders make for growing companies. 37 00:03:02.949 --> 00:03:07.069 They're going to raise the bar, they'll innovate, they inspire the best out 38 00:03:07.110 --> 00:03:10.110 of those around them. So how the question, lets we have these run 39 00:03:10.110 --> 00:03:13.620 out? How do we help people do this, now that we know what 40 00:03:13.740 --> 00:03:17.180 they are? How do we implement a framework like this, this growth formula? 41 00:03:19.099 --> 00:03:23.180 We do this by structure, by systems, by accountability. The best 42 00:03:23.180 --> 00:03:24.860 way I know to do these things, to get the structure, to have 43 00:03:24.979 --> 00:03:30.330 a systems and accountability, is through what we call collective leadership development, and 44 00:03:30.770 --> 00:03:35.689 I cothrive there. Essentially, what we do is mastermind growth groups, and 45 00:03:35.729 --> 00:03:38.370 you can do these within your company, whether you're working with us or whether 46 00:03:38.370 --> 00:03:40.599 you're doing it on your own, and I've seen the power of these groups 47 00:03:40.680 --> 00:03:46.199 for developing really effective leaders and I want every company to have them. So 48 00:03:46.439 --> 00:03:51.199 it's much more than a cohort that needs monthly to talk about a topic. 49 00:03:51.719 --> 00:03:57.030 We're talking about taking a peer group of high potential growth oriented leaders and being 50 00:03:57.069 --> 00:04:00.909 intentional to create personal and leadership growth plans that are tailored for the individual. 51 00:04:01.590 --> 00:04:08.710 Getting clarity on their purpose, their values, their strengths and who you want 52 00:04:08.750 --> 00:04:13.860 to be as a person as a leader in envisioning the sort of impact that 53 00:04:13.979 --> 00:04:15.660 you want to have at your company. These are all things we should be 54 00:04:15.779 --> 00:04:20.699 doing through personal and leadership growth plans, helping the map out the sort of 55 00:04:20.740 --> 00:04:26.009 rolls and the sort of work they want to do and lead for their company 56 00:04:26.569 --> 00:04:30.170 and the actions that you're going to take to actually pursue these things and to 57 00:04:30.290 --> 00:04:34.490 pursue the best version of yourself as a person as a leader. That's what 58 00:04:34.649 --> 00:04:40.319 growth planning is and it's a critical piece of the puzzle to pursuing clarity and 59 00:04:40.439 --> 00:04:45.879 intentionality. Also, as part of these growth groups, we leverage really great 60 00:04:46.040 --> 00:04:50.120 content that's tailored for your company. So you should make sure you're doing this 61 00:04:50.319 --> 00:04:54.990 to help your leaders build leadership and business acumen. You want it to be 62 00:04:55.110 --> 00:04:58.990 engaging, you want your content to be rooted in purpose. That inspires action 63 00:04:59.029 --> 00:05:02.470 and ultimately, you want it to be applicable to their real world jobs at 64 00:05:02.509 --> 00:05:09.699 your company. We cover topics like extreme ownership, bias for action and institutionalizing 65 00:05:09.740 --> 00:05:14.819 urgency in our companies, how to twenty your work, the art of problem 66 00:05:14.939 --> 00:05:18.339 solving, what you do with the unique value prop the position and how do 67 00:05:18.420 --> 00:05:23.490 you sell that to your customers? You want to go beyond theory. Is 68 00:05:23.610 --> 00:05:28.250 the is the is the bottom line here to real life application. Round Table, 69 00:05:28.490 --> 00:05:32.250 live business issues, encourage learning from the peers, from each other and 70 00:05:32.449 --> 00:05:39.600 leverage systems paired with that motivation in the accountability that comes from the group. 71 00:05:40.120 --> 00:05:44.439 Now that that they're together, they're built in success partners to keep each other 72 00:05:44.519 --> 00:05:47.800 motivated, keep momentum together, to take action and execute on the things they've 73 00:05:47.800 --> 00:05:53.069 set out to do. And then we're actually applying what we're doing and we're 74 00:05:53.230 --> 00:05:58.110 making our growth plans come to come to fruition. Groups like this can be 75 00:05:58.389 --> 00:06:02.069 absolute game changers for companies. So, to recap on this one, everything 76 00:06:02.149 --> 00:06:08.899 we do and leadership development should be about recruiting, equipping, empowering and retaining 77 00:06:09.060 --> 00:06:14.819 leaders. These are the things that yield real Roli for our companies. And 78 00:06:14.939 --> 00:06:18.810 then the second thing is remember apply the growth formula. Clarity and tensionality and 79 00:06:18.930 --> 00:06:23.970 action. Help your leaders get clarity on their purpose, their strengths how they 80 00:06:24.009 --> 00:06:28.730 can best apply them at work. Be Intentional about making plans to grow, 81 00:06:29.290 --> 00:06:34.240 schedule priorities and then take action and follow through on those plans and collected leadership 82 00:06:34.279 --> 00:06:40.000 development is an extremely effective way to do these things. Until next time. 83 00:06:43.279 --> 00:06:46.829 Is Your Company winning the talent battle? Are Your high potential leaders as engaged 84 00:06:46.910 --> 00:06:51.589 and effective as they could be? COTHRIVE helps companies like your words develop effective, 85 00:06:51.829 --> 00:06:57.829 mission driven leaders who are actually connected and committed to your company by using 86 00:06:57.949 --> 00:07:03.339 collective leadership development through innovative mastermind growth groups. Discover the growth group advantage and 87 00:07:03.500 --> 00:07:09.459 request a live growth group Demo for your leadership team by visiting Cothrive DOTCOM. 88 00:07:09.899 --> 00:07:16.689 That's Cothrive with a why not? I DOTCO. Gary v says it all 89 00:07:16.810 --> 00:07:21.649 the time and we agree. Every company should think of themselves as a media 90 00:07:21.730 --> 00:07:27.689 company first, then whatever it is they actually do. If you know this 91 00:07:27.850 --> 00:07:30.360 is true, but your team is already maxed out and you can't produce any 92 00:07:30.399 --> 00:07:34.240 more content in house, we can help. We produced podcast for some of 93 00:07:34.279 --> 00:07:39.000 the most innovative bb brands in the world, and we also help them turn 94 00:07:39.079 --> 00:07:43.879 the content from the podcast into blog posts, micro videos and slide decks that 95 00:07:43.959 --> 00:07:46.670 work really well on Linkedin. If you want to learn more, go to 96 00:07:46.709 --> 00:07:50.910 sweetphish Mediacom launch or email logan at sweetphish Mediacom