VP of Derailment
[Courtesy of Grantland Cartoons]
Do you ever get the suspicion your division president, or maybe even your chief executive and executive board, are into Tarot cards? If I were a lot of you--especially those of you at large financial institutions and other large companies currently ailing--I certainly would. The "strategic" maneuvers of those at the top of these companies often seem so reckless and antithetical to common sense, the only thing you could say in their defense is they were blindly following their intuition. I'm in favor of following my intuition whenever possible, and believe our gut reactions to business proposals are a worthwhile addition to "strategic" thinking, but I feel like I would dig deeper than my intuition if millions of dollars and hundreds of jobs were at stake.
With so many businesses on the rocks, I wonder how you've been preparing your executives for the task of high-level decision making, whether it's a skill that can be taught, and whether many of the decisions that are made at the executive level in closed door sessions should be aired more widely before action is taken?
First, is there any way to meaningfully practice decision making? I've heard much about online and offline simulations in which budding leaders are presented with business challenges (sometimes real problems facing their companies) and asked to come up with viable solutions either on their own or in teams. The best of these exercises asks learners to arrive at these solutions while working within real world constraints like tight budgets and limited manpower. These simulations seem like fun, especially getting the chance to edge out the nasty co-worker who cuts in line for the coffee machine every morning. But I've never heard any evidence that the exercises lead to better executive decisions when learners move into positions of power. Has any vice president of operations ever said, "Wow, thank god I took part in that simulation five years ago during my leadership development training. I don't think I ever would have been able to streamline our manufacturing processes without it."? Granted, it would be unnatural for any but an executive seeking a date with a trainer to say something like that, but do you think any of your leaders have cause to say such things to themselves after making a difficult decision?
My Tarot reader intuition tells me most business decision making simulations are great at breaking the ice with peers and fostering camaraderie and teamwork, but not so good at preparing a future leader for nail biting decision making time.
I wouldn't do away with business simulations because they serve their purpose (or a purpose anyway) and, if real company challenges are at play, can be genuinely helpful, but for added help when horror-inducing challenges strike leaders, a second or third pair of experienced ears is needed. Instead of just providing executives with one mentor (assuming many of you at least do that much), what about a decision making mentoring network of about five other executives from other parts of the company who can talk out possible solutions, serving as an informal sounding board, for the pressured leader? It would be understood that these conversations are strictly confidential among members of each network, and participation in one network would be mandatory for all managers with more than a certain number of direct and indirect reports.
Along with helping leaders make better make-or-break decisions, these networks also would further develop high-level managers and executives by exposing them to other facets of the business, and to people they may never have spoken to otherwise.
At the same time they're getting feedback and help before the decisions are put into action, ensure they know about the unpleasant after-effects of what they decided by creating incentives for those working under them to critique the rolled-out plan. What if you required each manager charged with implementing a high-stakes (defining high-stakes however you like) plan to ask direct and indirect reports for their biggest complaint about how the plan is working out? The employee who submits the most enlightening, productive complaint will be rewarded with as much as an extra week of vacation time. To balance it out, you also could have subordinates, in a separate contest, be required to submit praise for the program regarding what should be continued or done more of, including ideas for making the most of what's going well.
Be wary of leaders who are hostile to the idea of being forced to get feedback about their plans before putting them into action, and show disdain for hearing feedback from subordinates on how it's going. If it's such a great plan, why don't they want to talk about it? My guess (or intuition?) is many of your leaders would be unable to explain the logic underpinning why they did what they did, and why they plan to do what's secretly in the works. Are they discreetly moonlighting as roadside palm readers, or are they just incompetent?
Do you count a vice president of derailment among your company's top leaders? How did he or she earn this unspoken title? Was there anything you as a trainer could have done to prevent it?
