Wisdom is the Power to…

…put our Time and our Knowledge to the Proper Use.

Time Management is one of the more important and popular leadership topics I am asked to speak about in my seminars. Knowledge, as a function of effective decision-making and communications, is integrated into nearly every workshop I facilitate. It occurs to me addressing both in the context of the quote by Thomas, J. Watson, former Chairman and CEO of IBM made sense in today’s time and knowledge strained business environment.

We’ve all heard the expression “Time is Money”. We know money is either spent or invested. When we invest money we expect a return on our investment. When we spend money, we consume what we buy as a one-time event. Time is no different in the sense that it, like money is either spent or invested. When we spend time, we never get it back as it is a one-time event. When we invest time, we have an expectation of some level of return for the time invested. The difference between spending time and investing time is the presence of goals. When time is used towards accomplishing our goals, we are making an investment in our personal and professional future. When we do not have goals, time used is spent on one-and-done events, which literally do little to advance our future.

We live in a world that is information-rich and knowledge-poor. We can get content from anywhere through the wonders of modern technology and the plethora of data sources available to us in real time. However, it takes a level of understanding and time to put the content into a context resulting in sustainable leadership decisions. It is knowledge which helps leaders know when and where to effectively leverage their leadership skills. When leaders rely only on information, as far too many do in my experience, their decisions have limited effectiveness for their organization. True knowledge-based decisions and communications provide deeper meaning and understanding for all in the organization.

The implication to today’s leader is clear. They are increasingly challenged where they invest time and deal with volumes more information to convert to knowledge than existed in the days of Thomas J. Watson. However, the need to properly invest time and knowledge has never been more important. The key element to both is having clear, written goals that align to the leader’s purpose and vision in a very specific, measurable and time-bound manner. In this way, time is invested towards goal achievement and only relevant information becomes knowledge to achieve desired results.

It is wisdom that forms the foundation of sustainable leadership. Wisdom based on the effective investment of time and the efficient use of knowledge to become life-long leaders. How are your goals taking you down the road to Wisdom?

Lead Well!

“Discipline is the refining fire…

…by which talent becomes ability.”

No matter how much leadership development, management training or personal coaching we attend or participate in, successful leadership must always include a discussion of discipline. This reference by Roy L. Smith is a great example of the crucial role discipline plays in our success as leaders. In one of my earliest newsletters I spoke of talent and what it really takes to create the ability to be a successful leader. In the years since I have had the pleasure of working with successful entrepreneurs, organizational leadership teams and not-for-profit leaders and boards. In every case, the ability to be disciplined leaders contributes to their sustainable success.

I recently had the privilege of attending a seminar by a fellow coach who spoke of the value of 10,000 hours. If you have read Malcolm Gladwell’s book, “Outliers” (previewed below) you know about the 10,000 hours. He speaks to the idea that it takes 10,000 hours of purposeful practice to become an expert in your field. If we are to be expert leaders, we need to have practiced successful leadership for at least that many hours. In simpler terms, 10,000 hours breaks down to nearly 3 hours per day for 10 years! It means that for at least 3 hours a day, you have the discipline to be the leader you need to be so that it becomes second nature to you.

Therein lies the issue with leadership development as we used to know it. You cannot go to a class or attend a seminar and walk out a leader, no more than you can take a few golf lessons and play like a pro. When professional golfers practice their golf swing at the practice range, each shot is taken with a purpose in mind. Each shot has a meaning to how they are going to leverage their abilities to win the next tournament they enter. When I go to the practice range to practice my mechanics, it is also with my purpose in mind. I play golf to enjoy myself. That is my purpose. Therefore, my time on the practice range is to become good enough to enjoy myself as I play (that usually means staying out of the woods, water, other fairways etc!). Each shot in practice is with that purpose in mind making the practice time meaningful to success on the course.

So too, leadership is also about leading with a purpose. I recently gave a presentation titled “Keeping your business alignment with your purpose”. One key aspect of this idea is to know what your purpose is to begin with. It is entirely possible we became organizational leaders without a specific purpose in mind. Possibly our purpose is still unfolding as we continue to exercise our leadership abilities. And possibly our purpose has changed as we evolve as leaders through our 10,000 hour leadership journey.

Whatever the case, having the discipline to make each hour, each day, each week as a leader count towards becoming the expert leader your followers are looking to you for must become your purpose. How are you keeping that refining fire lit?

Lead Well!