Finance Monthly - March 2023

What are some of the key concerns executives come to you with in light of the current turbulent economic environment? Turbulence is such a great word to describe the times we’re living in. Everything feels like it’s on a low boil, in constant motion with no clear idea of when or how it will settle. And while it’s uncomfortable, it’s also a perfect opportunity for executives to hone their deeper skills. Business is all about managing uncertainty, but now executives are being asked to lead when nothing we’ve counted on feels certain. The current times are not just about economics. Leaders are being called on to lead in a climate of fear. As a professional coach, I know that what you fear is what you create. If you’re afraid of uncertainty, you tend to create more chaos. Our brains are wired to go into reactive thinking when we‘re afraid. That’s when executive functioning can go offline, even for leaders. The result? Poor decision-making. Poor communication. Poor planning. The leaders I work with know intuitively that empowerment – of themselves and their teams - is the key to navigating uncertainty. The driving idea is not to play victim to the uncertainty of our time, but rather, to lead forward. For my clients, this means creating focused, autonomous, resilient teams. My clients all share the same concern. They want their team members to take initiative, bemore self-directed and think critically about all that they do. They want them to think about how their actions move the mission of the organization forward, rather than operating in silos. They’re mentally flexible enough to operate in the detail and shift back to the larger picture. This pinging back and forth between detail and the big picture is the source of coherent action - and it’s especially necessary in times of turbulence. What are some of the techniques you help them with? Coaching is more about strategy than technique. Applying strategies expertly requires robust self-awareness. My clients recognize that their own patterns can get in the way of effectively cultivating these higher-order skills in their teams. For example, when a leader has a deep-seated commitment to create a more human-centred work environment, and they believe that structure is corrosive to free thinking, they may then have a tendency to remove any and all structure. The belief that structure is cognitively restrictive is just plain inaccurate. If a leader holds onto this limiting belief as if it were true, their team members will be waiting to be told what to do, rather than thinking independently for themselves. When I coach my clients to create great outcomes, we start and end with self-awareness. When they begin to go more deeply, they become more aware of the questions they ask themselves – or more importantly, the ones they tend not to ask. When you can begin to delve into areas you were not aware of before, you begin to see the problem in entirely new ways. Possibilities suddenly open up. Self-awareness always includes the development of meta-cognition, the awareness of your thinking. Meta-cognition is the brain-based executive skill that strengthens “Coaching is more about strategy than technique. Applying strategies expertly requires robust self-awareness.” Bus i ne s s & Economy Finance Monthly. 16

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