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	<title>N2Growth Blog</title>
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	<link>http://www.n2growth.com/blog</link>
	<description>Where CEOs Come to Grow &#38; where Leadership Matters</description>
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		<title>Tone Deaf Leadership</title>
		<link>http://www.n2growth.com/blog/failing-to-communicate/</link>
		<comments>http://www.n2growth.com/blog/failing-to-communicate/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 09:04:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Communications]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[communication for leaders]]></category>
		<category><![CDATA[Failing to communicate]]></category>
		<category><![CDATA[leadership communications]]></category>
		<category><![CDATA[Mike Myatt]]></category>
		<category><![CDATA[N2growth]]></category>

		<guid isPermaLink="false">http://www.n2growth.com/blog/?p=1978</guid>
		<description><![CDATA[By Mike Myatt, Chief Strategy Officer, N2growth You’ll rarely come across successful leaders who have a tin ear. The best leaders are tuned in to the emotional needs of those whom they serve.  They engage, they listen, they empathize, and they acknowledge. They treat you as a colleague not a subordinate. They seek to understand [...]]]></description>
			<content:encoded><![CDATA[<p>By <a href="http://www.n2growth.com/mike-myatt-Bio.html" target="_blank"><strong><span style="color: #fe8200;">Mike Myatt</span></strong></a>, Chief Strategy Officer, <a href="http://www.n2growth.com/" target="_blank"><strong><span style="color: #fe8200;">N2growth</span></strong></a></p>
<p><a href="http://www.n2growth.com/blog/wp-content/uploads/2011/06/tuningforkssympathy-copy.jpg"><img class="alignleft size-full wp-image-3282" title="Are You Tone Deaf?" src="http://www.n2growth.com/blog/wp-content/uploads/2011/06/tuningforkssympathy-copy.jpg" alt="" width="450" height="233" /></a>You’ll rarely come across successful leaders who have a tin ear. The best leaders are tuned in to the emotional needs of those whom they serve.  They engage, they listen, they empathize, and they acknowledge. They treat you as a colleague not a subordinate. They seek to understand not direct. They are the not tone deaf &#8211; they are relevant because they show they care. Are you guilty of having a failure to communicate? Here’s the thing - <strong>who cares </strong>if you possess excellent communication skills if you don’t use them properly. It simply does no good to listen if you don&#8217;t hear, or hear if you don&#8217;t understand. If your engagement isn&#8217;t advancing your vision, developing your team, or otherwise adding value to your stakeholders, then I would suggest your well honed skills are not as refined as you may think. In today’s post I want to address an often overlooked aspect of communications, which if not well understood, can render even the most articulate leaders ineffective – <strong><em>being tone deaf</em></strong>.</p>
<p>When it comes to communications, it’s not just<em> </em>a matter of <em>if</em> you send a message that determines whether it’s received, but rather <em>how</em>, <em>when</em> and <em>why</em> you send it that matters. I don’t know about you, but I’ve come across many a leader who just can’t seem to put the communications puzzle together – for whatever reason they don’t get it. They choose the wrong medium for their message, they appoint the wrong proxy to deliver a message they should have communicated in person, they communicate too infrequently, or my personal pet peeve, they bombard you by communicating far too often with disjointed messages that serve to confuse rather than to clarify &#8211; they are tone deaf.</p>
<p>In other posts I’ve pointed out that it is simply not possible to be a great leader without being a great communicator. This partially accounts for why we don’t encounter great leadership more often. The bottom line is that few things are as important when it comes to leadership as clear, crisp, on-point, and on-time communications. The big miss for most leaders is that they fail to understand that the purpose of communication is not to message, but to engage. It’s not about being efficient, it’s about making others more effective. It&#8217;s about focusing on understanding the needs of others.</p>
<p>Put simply, leaders need to figure out the communications rhythms, patterns and preferences of those they engage with. Leaders must learn to meet their constituents where they are in the manner most likely to add value to their world. The outcome of this should be obvious – improve the world of your stakeholders and your world gets better as well. Focus on the following three points and you’ll find that communications, morale and performance will all improve:</p>
<ul>
<li><strong>Engage</strong>: Good communications are bi-directional. Don’t speak at or to someone – speak with them. Don’t monologue – dialog. While one way communications might make you feel better initially, they only serve to frustrate those on the receiving end of your messaging. Keep in mind that when the negative impact of your poor communications are felt down the road, the damage will far outweigh the initial ego boost you received from giving your monologue.</li>
<li><strong>Relevance</strong>: I’m always amazed at those who believe just because something matters to them, it must matter to others. Remember that just because you have something to say doesn’t necessarily mean other people want to hear it.  Furthermore, just increasing the volume or frequency of the message doesn’t make it any more relevant. When a message isn’t sticking, smart leaders don’t raise the volume of the rhetoric – they improve the quality of the message.</li>
<li><strong>Pacing</strong>: It&#8217;s important to understand not everyone communicates at the same pace &#8211; frequency matters. Again, this isn’t easy, but it’s well worth the time to figure out. Some people simply require, and are deserving of, more frequent interactions. Likewise others thrive on less frequent engagement. Some do well receiving information in group settings, while others require one-on-one time. Moreover, everyone has their technology preferences that need to be figured into the equation as well. The important take away here is that it’s <strong>YOUR JOB</strong> to figure all of this out.</li>
<li><strong>Timing</strong>: Like pacing, it&#8217;s also important for leaders to understand that timing matters. Just because you have something to say doesn&#8217;t mean someone is ready or willing to listen. One of the most important things a leader can do is to demonstrate respect for the time of others. Other than in the case of an emergency, interruption is never a good foundation for delivering a message. Whether you&#8217;re communicating to an audience of one or many, once said audience realizes that you understand their needs and respect their time your message will be much more openly received.</li>
<li><strong>Medium</strong>: I don’t really care about my communications preferences, I care about how well my communication is received. I use virtually every communications medium available to me to make sure I meet the needs of my stakeholders. I text, IM, email, phone, tweet, facebook, blog, use video, and yes, my preference is to go old-school and get face-to-face when possible. I do these things not based upon what works for me, but what works for others. As a result of this I have learned to make these things work for me. Let me be as clear as I can – a leader who fails to meet the needs of the stakeholders will soon be replaced by a leader who does.</li>
</ul>
<p>Bottom line…even though what I’ve espoused above might seem trivial to some leaders, if you truly engage with people in a meaningful way, and in the manner most effective for them, it will be well worth the investment.</p>
<p>Thoughts?  Please share them in the comments section below, but only if that works for you – if not, there are lots of other ways to reach me…</p>
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		<slash:comments>4</slash:comments>
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		<title>Why Should Anyone Be Led By You?</title>
		<link>http://www.n2growth.com/blog/why-should-anyone-be-led-by-you/</link>
		<comments>http://www.n2growth.com/blog/why-should-anyone-be-led-by-you/#comments</comments>
		<pubDate>Mon, 30 Jan 2012 16:13:21 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Rants]]></category>
		<category><![CDATA[leader]]></category>
		<category><![CDATA[Mike Myatt]]></category>
		<category><![CDATA[N2growth]]></category>
		<category><![CDATA[Why should anyone be led by you]]></category>

		<guid isPermaLink="false">http://www.n2growth.com/blog/?p=3277</guid>
		<description><![CDATA[By Mike Myatt, Chief Strategy Officer, N2growth Why should anyone be led by you? This is the seminal question for all leaders. People arrive at a position of leadership in many different ways &#8211; some individuals openly and aggressively seek out positions of leadership, while leadership is thrust upon others. Whether leaders are elected, appointed, anointed, or self-proclaimed, and regardless of whether it is [...]]]></description>
			<content:encoded><![CDATA[<p>By <a href="http://www.n2growth.com//mike-myatt-Bio.html" target="_blank"><strong><span style="color: #fe8200;">Mike Myatt</span></strong></a>, Chief Strategy Officer, <a href="http://www.n2growth.com/" target="_blank"><strong><span style="color: #fe8200;">N2growth</span></strong></a></p>
<p><a href="http://www.n2growth.com/blog/wp-content/uploads/2012/01/led-by-you.jpg"><img class="alignleft size-full wp-image-3280" title="Why should anyone by led by you?" src="http://www.n2growth.com/blog/wp-content/uploads/2012/01/led-by-you.jpg" alt="" width="450" height="233" /></a>Why should anyone be led by you? This is the seminal question for all leaders. People arrive at a position of leadership in many different ways &#8211; some individuals openly and aggressively seek out positions of leadership, while leadership is thrust upon others. Whether leaders are elected, appointed, anointed, or self-proclaimed, and regardless of whether it is by design or default, once in a position of leadership they nonetheless carry the burden and responsibilities associated with being a leader. So back to the original question &#8211; Why should anyone be led by you?</p>
<p>Have you ever felt as if  the term “leadership” has a bulls-eye painted on it? Well, it’s because it does – the very mention of the word <em>leadership </em>seems to draw fire from increasingly large numbers these days. The term has been inappropriately hi-jacked by the politically correct who mock it, the avant-garde who belittle it, the naive who discount it, and the public at large seems to be growing tired of hearing about it. I’m befuddled by this dismissive attitude, and am left wondering how we could have arrived at such a place – how could something so valuable be trivialized by so many?</p>
<p>I’ve come to the conclusion that the reasons so many attempt to ridicule leadership are twofold: 1.) The masses of feigned leaders in the public eye make it easy to do so, and; 2.) Real leaders tend to practice their craft quietly, and with great humility, often going unnoticed in the public eye.</p>
<p>I was at a leadership workshop over the weekend and witnessed a leader self-assess himself as his own greatest risk. It&#8217;s true for all of us. Here&#8217;s a sobering thought for you to ponder &#8211; <strong>YOU</strong> are the single biggest threat to your role as a leader. Which means <strong>YOU</strong> are also the single biggest risk to your success in the workplace, with your spouse, to your children, and to your friends. If you are in a position of leadership, you will lead &#8211; you will either lead people toward the right things or lead them astray, but you will lead.</p>
<p>By my definition, leaders are <strong>not</strong> self-promoting, pseudo celebrities whose propensity for personal achievement and media attention far outweigh their true contributions. Rather than focus on the braggarts that litter the media with their personal triumphs, or the charlatans who provide constant reminders of failed leadership, we need to focus our attention on the true leaders who quietly walk among us each day…ethical business people, soldiers, firefighters, law enforcement officers, principled educators, pastors &amp; theologians, medical practitioners, responsible parents, student achievers, volunteers, statesmen (notice I didn’t say politicians), good Samaritans, and the every day hard working American citizen. These are the real leaders who through their personal sacrifice, committed service, and selfless acts who deserve our respect and attention.</p>
<p>We’ve all witnessed the leader who tries to do too much, and conversely, most of us have also observed the leader in stealth mode. We’ve gladly followed the bright, affable and charismatic leaders and rebelled against the arrogant and self indulgent leaders who love to do little more than pontificate about their legendary prowess. The truth is no single label receives the unrelenting and often terse scrutiny (public and private) than that of <strong><em>leader</em></strong>. The pressure is intense, and the risks are high. The good news is the rewards can be tremendous for those who possess the requisite skills and character to not only hold the title of leader, but who are also capable of living up to the title.</p>
<p>When you closely examine the core characteristics of what really makes for great leadership, it’s not power, title, authority or even technical competency that distinguishes truly great leaders. Rather it’s the ability to both earn and keep the loyalty and trust of those whom they lead that sets them apart. Leadership is about trust, stewardship, care, concern, service, humility and understanding. If you build into those you lead, if you make them better, if you add value to their lives then you will have earned their trust and loyalty. This is the type of bond that will span positional and philosophical gaps, survive mistakes, challenges, downturns and other obstacles that will inevitably occur. Leadership <strong><em>is</em></strong> service. It&#8217;s not about you, but about the serving the needs of those whom you have responsibility for.</p>
<p>You don’t change mindsets by being right, you do it by showing you care. Logic and reason have their place, but they rarely will overcome a strong emotional or philosophical position. Trying to cram your positional logic down the throat of others will simply leave a very bad taste in their mouths. This is a very tough lesson for many to learn, but a critical one if you take your duties, obligations and responsibilities as a leader seriously.</p>
<p>The best leaders are capable of aligning and unifying opposing interests for a greater good. You won’t ever become a truly successful leader until you understand a person’s need to be heard and understood is much more important than satisfying your need to impart wisdom. I’m going to make this as simple as I can…leadership is all about the people – nothing more &amp; nothing less. Are you worthy of being a leader? Why should anyone be led by you?</p>
<p>Thoughts?</p>
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		<slash:comments>6</slash:comments>
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		<title>First Impressions</title>
		<link>http://www.n2growth.com/blog/does-appearance-matter/</link>
		<comments>http://www.n2growth.com/blog/does-appearance-matter/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 14:01:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Branding & Identity]]></category>
		<category><![CDATA[Miscellaneous]]></category>
		<category><![CDATA[Success]]></category>
		<category><![CDATA[First impressions]]></category>
		<category><![CDATA[Mike Myatt]]></category>
		<category><![CDATA[N2growth]]></category>

		<guid isPermaLink="false">http://www.n2growth.com/blog/does-appearance-matter</guid>
		<description><![CDATA[By Mike Myatt, Chief Strategy Officer, N2growth Do first impressions really matter? While they shouldn&#8217;t, the reality is that they most certainly do. As the old saying goes &#8220;you only get one chance to make a first impression,&#8221; and often times it is the perception of appearance that determines whether or not you are even afforded the opportunity to get [...]]]></description>
			<content:encoded><![CDATA[<p>By <a href="http://www.n2growth.com//executive_coach.php?id=13&amp;url=new_html/_myatt%20bio.html" target="_blank"><strong><span style="color: #fe8200;">Mike Myatt</span></strong></a>, Chief Strategy Officer, <a href="http://www.n2growth.com/" target="_blank"><strong><span style="color: #fe8200;">N2growth</span></strong></a></p>
<p><img class="alignnone size-full wp-image-1197" title="first impressions" src="http://www.n2growth.com/blog/wp-content/uploads/2009/09/1first.jpg" alt="first impressions" width="450" height="233" />Do first impressions really matter? While they shouldn&#8217;t, the reality is that they most certainly do. As the old saying goes &#8220;you only get one chance to make a first impression,&#8221; and often times it is the perception of appearance that determines whether or not you are even afforded the opportunity to get up to bat. The truth is most people when first meeting someone will quickly attempt to size them up. Whether consciously, or unconsciously, they will make quick value judgments in an effort to assess your credibility and flesh out your agenda. In today&#8217;s post I&#8217;ll examine how managing appearances can have a substantial impact on your personal brand and your success.</p>
<p>In a perfect world professionals would only be judged solely on their character, skill sets, competencies, and performance. But alas, we do not live in a perfect world. While appearances shouldn&#8217;t matter, the reality is that the car you drive, where you office, the clothes you wear, whether you&#8217;re in good physical shape, the vocabulary that flows from your lips, the company you work for, the publicity and PR you put out, whom you choose to associate with, how you appear online (social networking platforms, search engine results, etc.), and any number of other appearance specific issues can add to, or detract from, the strength of your personal brand.</p>
<p>I want to be clear that I&#8217;m not advocating for form over substance, extreme self-indulgence, narcissism, or masking insecurity by the trappings you surround yourself with. Rather, I am a proponent of paying attention to detail and facing reality. Even the most discerning people make value judgments at the subconscious level &#8211; it&#8217;s only human nature to use the power of observation in an attempt to validate perception. We want those with whom we work to not only be competent, but there is also an innate desire to have them look the part as well, as those individuals we choose to associate with will often times influence other&#8217;s perceptions of us.</p>
<p>In most cases, the old saying perception is reality isn’t too far off. If the right person, enough of the right people, or even enough of the wrong people believe something to be true, it may not matter that they’re wrong. Perception can in fact shape reality, even if said reality turns out to be a false reality. Managing impressions, perceptions, and opinions is important if you want to be in a position of influence. Put simply, what people think of you matters. We’ve all met many an individual quick to state “I don’t care what people think of me.” The person who utters this statement usually cares very much about what people think. If they don’t they are either very naïve or very arrogant.</p>
<p>While the next statement might seem a bit callus, I believe it’s true as it relates to both personal and professional relationships. At a base level, most people will very quickly attempt to discern whether you are a person of significance or insignificance, ally or adversary, friend or foe. In most cases people will perceive you in one of two ways – as a person who can help them, or as a person who can hurt them. Which camp you fall into will largely determine whether or not you’ll be included or excluded – whether you’ll be part of the inner circle, or to relegated to the periphery always finding yourself on the outside looking in.</p>
<p>Let me be transparent and use my personal situation as an example. I actually prefer to play to the middle in that I am neither understated nor overstated, but I am comfortable with who I am and my approach to the market. While I will dress in a suit and tie when appropriate, you&#8217;re much more likely to find me in jeans and casual sport coat. While I have driven a variety of luxury imports over the years, at this stage of life my Chevy Tahoe seems to fit my lifestyle the best. While I have a few swiss watches, my Timex Ironman is still my favorite. I will always attempt to put my best foot forward, but like me, love me, or hate me, I simply won&#8217;t feign appearances to win business&#8230;what you see is what you get.</p>
<p>The advice I give to my clients is to be true to yourself, and authentic in your approach to creating a great first impression. As an example, I don&#8217;t really care what someone pays for their clothing or automobile, or even how expensive their office accoutrements are, but I do notice whether or not they are well maintained and appropriate for the given situation. We&#8217;ve all witnessed the shallow attempts made by insecure people who are living large in an attempt to impress others, as opposed to creating a lifestyle that is authentic, within their means, and personally satisfying. The bottom line is that your appearance should be one that both you and your clients/customers/stakeholders are comfortable with. You should manage appearances on creating a feeling of comfort and engendering confidence&#8230;not on trying to impress. Most importantly, your family needs to be comfortable with how you conduct yourself.</p>
<p>While much is often said about &#8220;first impressions,&#8221; this phrase in and of itself implies subsequent impressions are made as well. Professionals must be just as diligent in their management of future appearances and impressions. I am a huge proponent of being consistent and having a high degree of continuity of impressions/appearances. If you happen to be someone who makes a great first impression, but cannot execute and/or deliver up to expectations you are just setting yourself up for failure and your clients will be even more frustrated than if they had never engaged you to begin with. A negative experience is worse for your personal and corporate brand than no experience at all.</p>
<p>Here&#8217;s the thing &#8211; it is not about how much you spend or spin, but the authenticity, integrity, and appropriateness of how you manage your appearance that matters. When who you are on the inside is completely congruous with who you portray yourself to be on the outside you&#8217;ll find that life will just seem a bit more enjoyable. Disingenuous and insincere positioning may get your foot in the door, but when the door slams into your backside as your engagement or relationship blows-up, don&#8217;t say I didn&#8217;t warn you&#8230;</p>
<p>Thoughts?</p>
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		<slash:comments>8</slash:comments>
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		<title>Leadership: Blinded by Success?</title>
		<link>http://www.n2growth.com/blog/leadership-blinded-by-success/</link>
		<comments>http://www.n2growth.com/blog/leadership-blinded-by-success/#comments</comments>
		<pubDate>Mon, 16 Jan 2012 10:00:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Success]]></category>
		<category><![CDATA[Blinded by success]]></category>
		<category><![CDATA[Mike Myatt]]></category>
		<category><![CDATA[N2growth]]></category>

		<guid isPermaLink="false">http://www.n2growth.com/blog/?p=1950</guid>
		<description><![CDATA[By Mike Myatt, Chief Strategy Officer, N2growth Can leaders be blinded by their own success? You bet…While success is what all leaders strive for, unless you’re prepared to handle it, success can quickly complicate your life. As strange as it may sound, success can often times be the precursor to failure. So my question is this: Is your success [...]]]></description>
			<content:encoded><![CDATA[<p>By <a href="http://www.n2growth.com//executive_coach.php?id=13&amp;url=new_html/_myatt%20bio.html" target="_blank"><strong><span style="color: #fe8200;">Mike Myatt</span></strong></a>, Chief Strategy Officer, <a href="http://www.n2growth.com/" target="_blank"><strong><span style="color: #fe8200;">N2growth</span></strong></a></p>
<p><img title="Blinded by Success?" src="http://www.n2growth.com/blog/wp-content/uploads/2010/02/1blind.jpg" alt="Blinded by Success?" width="450" height="233" />Can leaders be blinded by their own success? You bet…While success is what all leaders strive for, unless you’re prepared to handle it, success can quickly complicate your life. As strange as it may sound, success can often times be the precursor to failure. So my question is this: Is your success serving as a springboard toward significance, or is it merely a temporary state, precariously positioned and ready to implode with the slightest change in circumstance? Success without perspective, purpose, and focus can actually cause more harm than good. In today’s post I’ll discuss how leaders can either leverage success into significance, or if they’re not careful, have it serve as a catalyst for a rapid downward spiral…</p>
<p>While not often discussed, nothing dulls the senses like a taste of success. A chance encounter with success can often lead to a feeling of being indestructible, which in turn can lead to arrogance, and the belief that success itself will breed success in any situation. Once a leader starts to believe their own rhetoric, trouble is not far behind. The reality is that past success, in and of itself, does not necessarily serve as an indicator of future success.</p>
<p>Life is full of seemingly successful people who regularly fall from the ivory tower for no apparent reason. We’ve all witnessed the lottery winner who hit the big one only to have their new found wealth derail their life, as opposed to solve all their problems. We’ve seen the same thing happen to young politicians who dream of changing the world only to find themselves corrupted by their own ego once they arrive on Capital Hill.  How about the professional athletes who sign multi-million dollar contracts out of school? They all too frequently end-up running with the wrong crowd only to find themselves out of the league only a few years later with nothing left to show for their success. And finally, how about the executive or entrepreneur who rises to the top, gets the title and the paycheck to go along with it, only to later run their company into the ground and eventually lose their position and all the perks that went with it.</p>
<p>Are success and significance the same thing? Sometimes yes, and sometimes no. Sure, for those “who get it” success and significance are one in the same, but for most professionals success begins and ends with the achievement of a certain list of personal goals with little regard to the impact on others. These people confuse success with significance, and regardless of their wealth and professional accomplishments, they won’t accomplish the true greatness which only comes through making significant contributions to something other than one’s self. I don’t care how your resume reads, what your net worth is, or what your W-2 shows…what I care about is your motivation, and what you do with what you have.</p>
<p>The pivotal point in leadership maturity is when you remove yourself from the spotlight and focus on building into others. Sadly, too many leaders believe their legacy is something to be constructed at the end of their careers in an attempt to preserve a testimony to their accomplishments and achievements. This has nothing to do with leadership or legacy &#8211; it&#8217;s little more than a contrived attempt to rewrite history and preserve the myth their ego has fabricated. A real legacy has nothing to do with you, but how you&#8217;ve impacted the lives of others. It&#8217;s built day-by-day, decision-by-decision, relationship-by-relationship. A real legacy is lived in the present, and as a result it endures the test of time in magnificent fashion.</p>
<p>One of the questions I ask leaders is &#8220;how important is legacy to you?&#8221; It&#8217;s a question to which the answer often reveals what a person truly believes and values. The best answer I&#8217;ve received to date was in an <a href="http://www.n2growth.com/blog/leadership-interview-james-hotaling" target="_blank"><span style="color: #fe8200;">interview with Jim Hotaling</span></a>:</p>
<p>&#8220;<em>Personal legacy is something a servant leader should never think about. It is all about the organization. I would like to be remembered as someone who gave back to his country since the age of thirteen. I am an American Airman and I have answered my nations call. It’s that simple, I look for no accolades only the ability for myself to say thank you to my country for giving me and my family all that we have</em>.&#8221;</p>
<p>Bottom line…Initial success can be a start to something truly great, or the beginning of the end. This will largely be determined by the victor in the battle between your humility and your hubris. Success as a leader has little to do with you, and everything to do with the success of those whom you lead. If the people you lead aren&#8217;t better as a result of your leadership, then all the material wealth in the world won&#8217;t allow you to sleep any better at night.</p>
<p>What say you?</p>
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		<slash:comments>7</slash:comments>
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		<title>Is the Customer Always Right?</title>
		<link>http://www.n2growth.com/blog/is-the-customer-always-right/</link>
		<comments>http://www.n2growth.com/blog/is-the-customer-always-right/#comments</comments>
		<pubDate>Wed, 11 Jan 2012 06:01:09 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Miscellaneous]]></category>
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		<category><![CDATA[CEO Coach]]></category>
		<category><![CDATA[customer churn]]></category>
		<category><![CDATA[Is the customer always right]]></category>
		<category><![CDATA[Mike Myatt]]></category>
		<category><![CDATA[N2growth]]></category>

		<guid isPermaLink="false">http://www.n2growth.com/blog/is-the-customer-always-right</guid>
		<description><![CDATA[By Mike Myatt, Chief Strategy Officer, N2growth Is the customer really always right? How far should a company go to satisfy their clientele or customer base? What is the lost opportunity cost associated with customer churn? Is there a point when satisfying the customer is actually harmful to the enterprise, or back to the original [...]]]></description>
			<content:encoded><![CDATA[<p>By <a href="http://www.n2growth.com/mike-myatt-Bio.html" target="_blank"><strong><span style="color: #fe8200;">Mike Myatt</span></strong></a>, Chief Strategy Officer, <a href="http://www.n2growth.com/" target="_blank"><strong><span style="color: #fe8200;">N2growth</span></strong></a></p>
<p><img class="alignnone size-full wp-image-1180" title="Is The Customer Always Right?" src="http://www.n2growth.com/blog/wp-content/uploads/2009/11/1customer-service.jpg" alt="Is The Customer Always Right?" width="450" height="233" />Is the customer really always right? How far should a company go to satisfy their clientele or customer base? What is the lost opportunity cost associated with customer churn? Is there a point when satisfying the customer is actually harmful to the enterprise, or back to the original question, is the customer always right? In today&#8217;s post I&#8217;ll share my opinion as to the validity of this old business axiom, and also offer a few insights on where to draw the line&#8230;</p>
<p>I believe all businesses should use great care and concern when determining how their customers and clients are treated. The time, energy, and cost associated with acquiring a customer are substantial, the benefits of retaining customers are considerable, and the costs associated with customer churn are significant. I&#8217;m always amazed at how much money will be spent to acquire a new customer, but how little care is given to insuring customer satisfaction after the sale.  There is great truth in the old axiom that states: &#8220;if you&#8217;re not serving your customer well, someone else will.&#8221;</p>
<p>If as an executive you believe customer service is someone else&#8217;s problem, you have a much bigger problem than you realize. While I believe most CEOs have a grasp on the concept of lifecycle value, I&#8217;m not sure they really understand the true cost of losing a customer. Let&#8217;s just assume that the lifetime value of a customer for company X is $2,000 dollars. If company X loses just one customer, the total lifecycle loss could run well into the tens of thousands, if not the hundreds of thousands. If you don&#8217;t believe me consider the following 7 points:</p>
<ol>
<li><strong>The Initial Churn</strong>: First you have the $2,000 dollar lifetime value loss attributed to churning the account itself.</li>
<li><strong>Sunk Acquisition Costs</strong>: Don&#8217;t forget to add in the cost of acquiring the account to begin with. You spent very real dollars to acquire the account so you need to factor that into the total equation. I&#8217;ll let you pick the percentage you want to use and add that into the total number.</li>
<li><strong>Replacement Costs</strong>: Remember the cost of acquisition number you just calculated above? Well, you need to add it back in again, because now you have to go out and replace the customer you just lost. By the way, you should probably multiply the cost of acquisition number by 5 since it costs about 500% more to acquire a new customer than retain an existing one.</li>
<li><strong>Lost Ancillary Revenue</strong>: On average, a single account is good for a 30 -40% cross-sell/up-sell revenue increase over time as new products, services, joint ventures etc. are brought on line and offered to existing accounts. This means you can conservatively expect to lose another $600 dollars of upside in our $2000 dollar example.</li>
<li><strong>Lost Referral Revenues</strong>: Depending on your business, and whether or not you have a solid customer acquisition process in place, a single account should be good for a minimum of 2-3 referrals (direct or indirect) on an annual basis. Over a 10 year period of time, assuming only 2 annual referrals, without any cross-sell or up-sell value being added-in, you just lost another $200,000 dollars.</li>
<li><strong>Loss of 2nd &amp; 3rd generation referrals</strong>: But wait; it just gets worse&#8230;.Those lost referrals mentioned above would have also given you 2-3 referrals each year, and if you carry this formula out over 20 years the loss of a single account could easily cost your organization more than a million dollars in lost revenue.</li>
<li><strong>Negative Brand Impact</strong>: If it isn&#8217;t bad enough already, a lost account can easily have a negative impact on future sales due to spreading the news of their bad experience with your company.  The average dissatisfied customer will persuade 10-20 other people from doing business with your firm. If the upset customer takes their dissatisfaction online and amplifies it via social media you could see a much bigger problem. This will not only impact your revenue, but can also taint your brand equity.</li>
</ol>
<p>The bottom line is that it is very expensive to lose an account. That said, I also believe there is a point where customers can begin to abuse the good will of the merchants and service providers who work so hard to earn their business. So, when does a customer cross over to the dark side and become your worst nightmare? The answer is a fairly simple one &#8211; when the squeaky wheel becomes so loud that the brain damage involved in greasing it becomes too high, if an account doesn&#8217;t deal in good faith, if they become unprofitable to keep, or when you can replace them with more profitable accounts.</p>
<p>Regrettably, experience has shown me that a small percentage of customers/clients live for the chance to wield their perceived power over their merchants, vendors, suppliers and professional service providers. These customers are the proverbial &#8220;squeaky wheels&#8221; that demand to be greased. These are the verbally abusive customers who expect special consideration, and whose demands can far exceed the boundaries of reason. There is in fact a point where &#8220;bad customers&#8221; can erode margins, negatively affect morale, or even tarnish a brand. These customers not only are <em><strong>not</strong></em> right, they deserved to be fired&#8230;</p>
<p>The following tips will help you minimize the amount of bad customers served by your enterprise and will show you what to do once a customer crosses over to the dark side:</p>
<ol>
<li><strong>Align Expectations</strong>: Where possible, and especially if your business has the luxury of choosing your customers, make sure that mutual expectations are both defined and aligned at the outset of the relationship. Ensure your client understands what types of customer behaviors will be accepted and what types of behavior will not be tolerated.</li>
<li><strong>Develop Customer Scorecards</strong>: You should actually profile your clientele such that you understand the difference between good accounts and bad accounts. Much like you have performance reviews for your employees, you should also conduct an analysis of how your customers are performing. Not all accounts are accretive, and more accounts than you think may in fact be dilutive.</li>
<li><strong>Turnover Bad Accounts</strong>: When a client is identified as being a bad account either not capable of being saved nor worthy of salvaging, you should strongly consider firing the client. Evaluate the bottom tier of your clientele each year, and look to upgrade your clientele either by improving account performance or by releasing the client and replacing that business with a better quality account.</li>
</ol>
<p>Those of you who have worked with me know that I state very clearly at the outset of any new relationship that I reserve the right to terminate an engagement if said engagement turns out to be less than a fruitful endeavor. While I feel privileged to serve my clients, and am thankful for the opportunity to earn their business, I also believe that the relationships should be reciprocal in nature. Business as they say is after all a two-way street&#8230;</p>
<p>Thoughts?</p>
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		<slash:comments>8</slash:comments>
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		<title>Promote YOUR Blog Day</title>
		<link>http://www.n2growth.com/blog/promote-your-blog-day/</link>
		<comments>http://www.n2growth.com/blog/promote-your-blog-day/#comments</comments>
		<pubDate>Fri, 06 Jan 2012 11:03:09 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Blogging & Social Media]]></category>
		<category><![CDATA[Blog Promotion]]></category>
		<category><![CDATA[Blog Promotion Day]]></category>
		<category><![CDATA[Link Love]]></category>
		<category><![CDATA[Mike Myatt]]></category>
		<category><![CDATA[N2growth]]></category>
		<category><![CDATA[Promote Your Blog]]></category>

		<guid isPermaLink="false">http://www.n2growth.com/blog/?p=1098</guid>
		<description><![CDATA[By Mike Myatt, Chief Strategy Officer, N2growth Today is promote your blog day 2012. Today is your day for fully authorized, gratuitous self-promotion of YOUR blog. For one day only, this is your chance to shamelessly plug your blog in the comments section below. I did this last year and thought I&#8217;d make it an annual event. It&#8217;s a [...]]]></description>
			<content:encoded><![CDATA[<p>By <a href="http://www.n2growth.com//executive_coach.php?id=13&amp;url=new_html/_myatt%20bio.html" target="_blank"><span style="color: #b85b5a;"><strong><span style="color: #fe8200;">Mike Myatt</span></strong></span></a>, Chief Strategy Officer, <span style="color: #b85b5a;"><strong><span style="color: #fe8200;"><a href="http://www.n2growth.com/" target="_blank"><span style="color: #fe8200;">N2growth</span></a></span></strong></span></p>
<p><a href="http://www.n2growth.com/blog/wp-content/uploads/2010/03/Promote-your-blog-day.jpg"><img class="alignleft size-full wp-image-3254" title="Promote your blog day 2012" src="http://www.n2growth.com/blog/wp-content/uploads/2010/03/Promote-your-blog-day.jpg" alt="" width="450" height="230" /></a><br />
Today is promote your blog day 2012. Today is your day for fully authorized, gratuitous self-promotion of <strong><em><span style="text-decoration: underline;">YOUR</span></em></strong> blog. For one day only, this is your chance to shamelessly plug your blog in the comments section below. I did this last year<a href="http://escaping-mediocrity.com" target="_blank"> </a>and thought I&#8217;d make it an annual event. It&#8217;s a fantastic way to help readers who share common interests find one another. So here&#8217;s how it works &#8211; In the comments section of this post include: Your name, blog name &amp; description, link to your blog, RSS feed, your Twitter handle and any other relevant information you think would be of interest to other readers. I&#8217;ll approve all comments appropriate for our audience (G-rated only). If you participated last year, feel free to do so again. If you don&#8217;t have blog, but want to promote someone else&#8217;s blog that&#8217;s okay too.</p>
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		<title>Leadership and Opportunity</title>
		<link>http://www.n2growth.com/blog/missing-your-window/</link>
		<comments>http://www.n2growth.com/blog/missing-your-window/#comments</comments>
		<pubDate>Mon, 02 Jan 2012 13:05:30 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Crisis Management]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Operations & Strategy]]></category>
		<category><![CDATA[Success]]></category>
		<category><![CDATA[Leadership & Opportunity]]></category>
		<category><![CDATA[Mike Myatt]]></category>
		<category><![CDATA[N2growth]]></category>
		<category><![CDATA[Opportunity]]></category>
		<category><![CDATA[Timing]]></category>
		<category><![CDATA[Timing is Everything]]></category>
		<category><![CDATA[Timing Matters]]></category>
		<category><![CDATA[when opportunity knocks]]></category>
		<category><![CDATA[Window of Opportunity]]></category>

		<guid isPermaLink="false">http://www.n2growth.com/blog/?p=185</guid>
		<description><![CDATA[By Mike Myatt, Chief Strategy Officer, N2growth What better time to discuss opportunity than the start of a new year? Opportunity and timing are inexorably linked. So much so, that if you don&#8217;t think timing is everything - think again. Anyone paying attention to current events has recently witnessed that it doesn&#8217;t really matter whether you&#8217;re a politician, [...]]]></description>
			<content:encoded><![CDATA[<p>By <a href="http://www.n2growth.com//executive_coach.php?id=13&amp;url=new_html/_myatt%20bio.html" target="_blank"><span style="color: #b85b5a;"><strong><span style="color: #fe8200;">Mike Myatt</span></strong></span></a>, Chief Strategy Officer,<span style="color: #fe8200;"> </span><a href="http://www.n2growth.com/" target="_blank"><span style="color: #b85b5a;"><strong><span style="color: #fe8200;">N2growth</span></strong></span></a></p>
<p><a href="http://www.n2growth.com/blog/wp-content/uploads/2010/10/Opportunity-Knocking.jpg"><img class="alignleft size-full wp-image-3249" title="Leadership and Opportunity" src="http://www.n2growth.com/blog/wp-content/uploads/2010/10/Opportunity-Knocking.jpg" alt="" width="450" height="233" /></a>What better time to discuss opportunity than the start of a new year? Opportunity and timing are inexorably linked. So much so, that if you don&#8217;t think timing is everything - think again. Anyone paying attention to current events has recently witnessed that it doesn&#8217;t really matter whether you&#8217;re a politician, investment banker, CEO, or just an average citizen, when it comes to making a simple decision, managing a crisis, or attempting to exploit an opportunity, timing is everything. I&#8217;ve often heard people quip that they would rather be lucky than smart. While intelligence and good fortune are certainly both valuable traits to possess, neither of these traits holds a candle to having a great sense of timing&#8230;Luck is a hit or miss proposition, and we&#8217;ve all known many a brilliant underachiever. However it has been my observation you&#8217;ll rarely come across someone who possesses a great sense of timing that is anything other than successful. In today&#8217;s post I&#8217;ll take a look at opportunity as key success metric&#8230;</p>
<p>As the verse from the old Kenny Rogers song goes &#8220;<em>you have to know when to hold em and know when to fold em.</em>&#8221; There are a few times in the life of every professional where staggering opportunities will present themselves. The question is not whether these opportunities exist, but rather what will you do with them when they cross your path. I believe one of the key differences between excellence and mediocrity is the ability to not only recognize opportunities, but to also possess an understanding and willingness to exploit said opportunities. Exploiting opportunities requires that you not only possess vision, but also a corresponding bias to action (and a bit of courage as well).</p>
<p>Rarely will you come across a static opportunity in the sense that it will stand idle and wait for you to act. Significant opportunities are not only scarce, but they typically operate on the principal of diminishing returns. Put simply, opportunities are time sensitive. The longer you wait to seize the opportunity the smaller the return typically is. In fact, more likely is the case that the opportunity will completely evaporate if you wait too long to seize it. Keep this thought in mind; when opportunity knocks &#8211; answer the door.</p>
<p>I can&#8217;t even begin to count the number of times I watched people miss great opportunities due to a poor sense of timing. Not too surprisingly, people who possess a poor sense of timing usually don&#8217;t even understand timing is an issue. How many times have you witnessed someone holding-out for a higher price, better valuation, evolving markets, technology advances, or any number of other circumstances that either never transpire, or by the time they do, the opportunistic advantage had disappeared? I&#8217;ve observed the risk adverse take due diligence one step too far, the greedy negotiate too long, the impulsive jump the gun, and the plodders move to slow. As the saying goes &#8220;<em><strong>timing is everything.</strong></em>&#8221; The following list contains 5 suggestions for how to spot and evaluate opportunity:</p>
<ol>
<li><strong>Alignment</strong>: The opportunity should be in alignment with the overall vision and mission of the enterprise. Any new opportunity being evaluated should preferably add value to the core, but if not, it should show a significant enough return on investment to justify the dilutive effect of not keeping the main thing the main thing. The core should be used to align, but not necessarily to exclude.</li>
<li><strong>Advantage</strong>: No advantage equals no opportunity. If the opportunity doesn’t provide a unique competitive advantage it should at least fill a void bringing you closer to an even playing field. Be careful however not to fall into the trap of &#8220;me too&#8221; innovation &#8211; copying isn&#8217;t innovating. Instead of leveling the field, think about tilting the field to your advantage, and where possible, the creation of a new field altogether.</li>
<li><strong>Assessment</strong>: Is the opportunity affordable, feasible, adoptable, and most importantly, is it actionable? An opportunity which cannot be implemented isn&#8217;t really an opportunity &#8211; it will likely be just another very costly distraction. Conduct your diligence before you pull the trigger, not afterwards. A <em>ready &#8211; fire &#8211; aim</em> approach to opportunity management usually fails to hit the target.</li>
<li><strong>Accountability</strong>:  Keep in mind great ideas are not always the same thing as great opportunities. Ideas don&#8217;t always have a corresponding vision, nor do they always contain a framework of accountability which helps to ensure a certainty of execution. For opportunities to become reality they must be viewed through the lenses of organizational awareness and personal responsibility. Any new opportunity being considered should contain accountability provisions. Every task should be assigned and managed according to a plan and in the light of day. Any opportunity being adopted must be measurable. Deliverables, benchmarks, deadlines, and success metrics must be incorporated into the plan. The opportunity must be detailed and deliverable on a schedule &#8211; it needs to have a beginning, middle and end. Any opportunity not subjected to sound principles of leadership will likely fail.</li>
<li><strong>Achievement</strong>: Opportunities are great, but achievements are better. If any of the four items above are missing the outcome will be unrealized opportunity, or opportunity squandered and lost. The smart game is not played for what could have been, or should have been, but for what was achieved.</li>
</ol>
<p>The proverbial window closes on every opportunity at some point in time. As you approach each day I would challenge you to consistently evaluate the landscape and seize the opportunities that come your way. Better to be the one who catches the fish than the one who tells the story of the big one who got away&#8230;</p>
<p>Thoughts?</p>
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		<title>Help &#8211; It&#8217;s not a dirty Word!</title>
		<link>http://www.n2growth.com/blog/are-you-easy-to-help/</link>
		<comments>http://www.n2growth.com/blog/are-you-easy-to-help/#comments</comments>
		<pubDate>Mon, 26 Dec 2011 06:01:55 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Miscellaneous]]></category>
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		<category><![CDATA[Are you easy to help]]></category>
		<category><![CDATA[asking for help]]></category>
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		<category><![CDATA[Help is not a dirty word]]></category>
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		<guid isPermaLink="false">http://www.n2growth.com/blog/are-you-easy-to-help</guid>
		<description><![CDATA[By Mike Myatt, Chief Strategy Officer, N2growth With 2012 staring us right in the face, I thought I&#8217;d dust off an old post as a useful reminder as you plan the year ahead &#8211;  &#8221;help&#8221; is not a dirty word. I have always believed asking for help is a sign of maturity as a leader. I [...]]]></description>
			<content:encoded><![CDATA[<p>By <a href="http://www.n2growth.com//executive_coach.php?id=13&amp;url=new_html/_myatt%20bio.html" target="_blank"><strong><span style="color: #fe8200;">Mike Myatt</span></strong></a>, Chief Strategy Officer, <a href="http://www.n2growth.com/" target="_blank"><strong><span style="color: #fe8200;">N2growth</span></strong></a></p>
<p><a href="http://www.n2growth.com/blog/wp-content/uploads/2010/11/a_little_help_from_my_friends.jpg"><img class="alignleft size-full wp-image-2656" title="Help is not a dirty word" src="http://www.n2growth.com/blog/wp-content/uploads/2010/11/a_little_help_from_my_friends.jpg" alt="" width="450" height="233" /></a>With 2012 staring us right in the face, I thought I&#8217;d dust off an old post as a useful reminder as you plan the year ahead &#8211;  &#8221;<em><strong>help</strong></em>&#8221; is not a dirty word. I have always believed asking for help is a sign of maturity as a leader. I think John Lennon said it best: &#8220;I get by with a little help from my friends.&#8221; So my question is this - are you easy to help? Think about it&#8230;do you make it easy for others to want to help you, or is your demeanor such that most people won&#8217;t lift a finger to assist you in a time of need? How many times during the course of your career have you witnessed executives and entrepreneurs who desperately need help, but either don&#8217;t recognize it, or worse yet, make it virtually impossible for someone to help them? In today&#8217;s post I&#8217;ll address the importance of positioning yourself to be helped&#8230;</p>
<p>If your pride, ego, arrogance, ignorance, the way you were raised or any other excuse (yes I did say excuse) keeps you from asking for help, it is precisely those traits that will keep you from maximizing your potential. I hate to break it to you, but you don&#8217;t know everything or everybody, so why even bother pretending that you couldn&#8217;t use a bit of help? No single person can or should go it alone in today&#8217;s business world. The more partners, sympathizers, champions, allies, supporters, enablers, influencers, advisers, mentors, friends, and family you have helping you succeed, the faster you will achieve your goals. Without question the most successful business people on the planet are those that have learned to blow through self-imposed barriers to openly harness the power of broader spheres of influence.</p>
<p>I don&#8217;t know about you, but I am so tired of all the &#8220;self-made man&#8221; propaganda floating around business circles. I sincerely believe there is no such thing as a &#8220;self-made man&#8221;. While I take complete responsibility for all my failures and shortcomings, I take very little credit for my own success. Virtually all of the good things that have happened to me over the years have been the result of the collaborative efforts of many. I don&#8217;t see asking for help as a sign of weakness, rather I see it as a very smart thing to do, and I therefore tend to seek out help wherever I can find it. I have long made it a practice to encourage others to help me succeed. My personal and professional network are far more important to my success than my individual competencies. My clients hire me not solely on the basis of what I can personally do for them in a vacuum, but rather what the collective influence of my network and resources can accomplish for them when I operate outside of my own personal bubble.</p>
<p>If you take anything away from today&#8217;s post let it be the following two statements: 1.) If a single day passes where you don&#8217;t ask for help you have failed yourself and those around you, and; 2.) If a single day passes where you have not helped someone else you have failed as a leader. If you desire to enlist others in your success the following 5 items are the basic prerequisites for getting others to help you:</p>
<ol>
<li><strong>Be Trustworthy: </strong>Say what you mean, mean what you say, and do what you say you&#8217;ll do. By simply honoring your commitments and being reliable you&#8217;ll be someone who easily engenders the trust and confidence of others. People clearly do things to help those whom they trust, and will quite obviously avoid going the extra mile for those whom they don&#8217;t.</li>
<li><strong>Don&#8217;t be a jerk</strong>: While people don&#8217;t necessarily have to like you in order to help you, it certainly doesn&#8217;t hurt. However I can promise you that if you&#8217;re perceived as a jerk people will not only go out of their way not to help you succeed, but they will do everything possible to impede your success. I have long been a believer that contrary to popular opinion, nice guys (and gals) do in fact finish first.</li>
<li><strong>Go out of your way to help others</strong>: Do unto others &#8211; what goes around comes around &#8211; you reap what you sow, and any number of other statements to that effect ring true more often than not. If you are sincerely interested in helping others, and make it a habit to go out of your way to do so, then those people will likely be inclined to reciprocate.</li>
<li><strong>Know what you want and focus your efforts to that end</strong>: You must develop a clear picture of what it is that you want to accomplish, and then apply laser-like focus in the pursuit of your goals.</li>
<li><strong>Make your goals known to those that can help you</strong>: It is not only important to communicate your vision to those in a position to help you succeed, but always make sure and ask for their help. Don&#8217;t be bashful or embarrassed, but rather confidently recruit others to become enablers and evangelists of your cause. You need to believe that one of your top priorities is team building, and consistently seek out greater numbers of people to champion your cause and scale your efforts.</li>
</ol>
<p>In the final analysis it&#8217;s really all a matter of perspective&#8230;you can either view yourself as part of a hierarchical world sitting at the top of the org chart puffing your chest and propping-up your ego, or you can view yourself as the hub at the center of a large and diverse network. The latter is both more profitable and enjoyable than the former. You can either choose to build your personal brand and your success at the expense of others, or by helping others.</p>
<p>As always, I&#8217;d love to hear your thoughts about the importance of asking for help no matter what your title is, or where you sit on the org chart&#8230;Thoughts?</p>
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		<title>Merry Christmas</title>
		<link>http://www.n2growth.com/blog/merry-christmas/</link>
		<comments>http://www.n2growth.com/blog/merry-christmas/#comments</comments>
		<pubDate>Fri, 23 Dec 2011 12:02:21 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Merry Christmas from N2growth]]></category>
		<category><![CDATA[Mike Myatt]]></category>

		<guid isPermaLink="false">http://www.n2growth.com/blog/?p=679</guid>
		<description><![CDATA[By Mike Myatt, Chief Strategy Officer, N2growth With only two days until Christmas I thought it would be an appropriate time to thank all of the N2growth stakeholders for their contributions and support. It is with the utmost gratitude and respect that I express my sincere appreciation for the loyal support of our clientele, the [...]]]></description>
			<content:encoded><![CDATA[<p>By <a href="http://www.n2growth.com/mike-myatt-Bio.html" target="_blank"><strong><span style="color: #fe8200;">Mike Myatt</span></strong></a>, Chief Strategy Officer, <a href="http://www.n2growth.com/" target="_blank"><strong><span style="color: #fe8200;">N2growth</span></strong></a><br />
<iframe width="450" height="233" src="http://www.youtube.com/embed/27bk4we5wBw" frameborder="0" allowfullscreen></iframe><br />
With only two days until Christmas I thought it would be an appropriate time to thank all of the N2growth stakeholders for their contributions and support. It is with the utmost gratitude and respect that I express my sincere appreciation for the loyal support of our clientele, the assistance provided to us by our vendors, suppliers, partners and investors, as well as the tireless efforts of our employees. For without your invaluable contributions we would most certainly not have experienced such a remarkable 2011. We are thankful for the opportunity to serve you, and I want to personally wish you a very Merry Christmas, and hope you have a happy, safe and prosperous New Year.</p>
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		<title>The Disconnected Leader</title>
		<link>http://www.n2growth.com/blog/disconnected-ceo/</link>
		<comments>http://www.n2growth.com/blog/disconnected-ceo/#comments</comments>
		<pubDate>Tue, 20 Dec 2011 12:20:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Miscellaneous]]></category>
		<category><![CDATA[Rants]]></category>
		<category><![CDATA[CEOs Get out of your office]]></category>
		<category><![CDATA[Disconnected CEO]]></category>
		<category><![CDATA[Disconnected Leader]]></category>
		<category><![CDATA[Engaged Leader]]></category>
		<category><![CDATA[leader]]></category>
		<category><![CDATA[Mike Myatt]]></category>
		<category><![CDATA[N2growth]]></category>

		<guid isPermaLink="false">http://www.n2growth.com/blog/ceosget-out-of-your-office</guid>
		<description><![CDATA[By Mike Myatt, Chief Strategy Officer, N2growth Even though few would dispute the value of being an engaged leader, many still do not practice what they preach. The harsh reality is that great numbers of leaders continue to operate in a vacuum by sequestering themselves away in the corner office and attempting to lead from afar.  Trust me when I [...]]]></description>
			<content:encoded><![CDATA[<p>By <a href="http://www.n2growth.com//executive_coach.php?id=13&amp;url=new_html/_myatt%20bio.html" target="_blank"><strong><span style="color: #fe8200;">Mike Myatt</span></strong></a>, Chief Strategy Officer, <a href="http://www.n2growth.com/" target="_blank"><strong><span style="color: #fe8200;">N2growth</span></strong></a></p>
<p><a href="http://www.n2growth.com/blog/wp-content/uploads/2010/08/Disconnected-Leader.jpg"><img class="alignleft size-full wp-image-3221" title="Disconnected Leader" src="http://www.n2growth.com/blog/wp-content/uploads/2010/08/Disconnected-Leader.jpg" alt="" width="450" height="233" /></a>Even though few would dispute the value of being an engaged leader, many still do not practice what they preach. The harsh reality is that great numbers of leaders continue to operate in a vacuum by sequestering themselves away in the corner office and attempting to lead from afar.  Trust me when I tell you that being out of touch is never a good position to find yourself in as the CEO. I rarely come across leaders who couldn&#8217;t benefit from being more meaningfully engaged on both a broader and deeper basis, and hope that today&#8217;s post will encourage you to do just that&#8230;<strong>ENGAGE</strong>.</p>
<p>I have consistently espoused the value of walking the floor (hat tip to <a href="http://twitter.com/tom_peters" target="_blank"><span style="color: #fe8200;">Tom Peters</span></a> &#8211; <a href="http://en.wikipedia.org/wiki/Management_by_wandering_around" target="_blank"><span style="color: #fe8200;">MBWA</span></a>), dropping in for meetings on an impromptu basis, proactively engaging key stakeholders, and any number of other items that focus on raising your awareness. Don&#8217;t think span of control &#8211; think span of awareness.</p>
<p>My advice to CEOs, regardless of whether you&#8217;re running a start-up or a Fortune 500 company, is to go see things for yourself. I think you&#8217;ll find your view of the world will change dramatically when you validate impressions based upon your own observations, as opposed to sole reliance on what you read in a management report, or what you hear third or fourth hand in a meeting. Think about it&#8230;when you&#8217;re sitting in front of the board, on an analyst call, providing testimony, talking to the media, or speaking at the annual shareholder meeting, wouldn&#8217;t it be great to actually know what your talking about as opposed to interpreting what someone else has told you?</p>
<p>So the real question is this…how does a CEO get to the point of being so disconnected from operations that he or she just doesn’t have a clue? The reality is that there are any number of reasons why this can happen, a few of which I’ve noted below:</p>
<ul>
<li><strong>The Optimistic CEO</strong>: I have met a number of CEOs that simply choose to view the world through rose colored glasses. They will believe what they want to believe regardless of what they hear or what they observe. Even in the worst of times they believe nothing to be insurmountable. While optimism is generally a great quality for a CEO to possess, there is a point at which unbridled optimism can disconnect a person from reality.</li>
<li><strong>The Arrogant CEO</strong>: These CEOs believe they can will their view into reality in spite of circumstances, situations, or events. The arrogant CEO doesn’t value the input of line and staff management. These CEOs see management opinions as inconsequential, unless of course, they happen to be in alignment with their own beliefs and opinions.</li>
<li><strong>The Unaware CEO</strong>: These CEO’s will take any report or piece of information at face value. These CEOs are overly trusting, and often politically naive. They fail to seek clarification, validation, or proof supporting the information they have been fed. This is a very unhealthy state of mind for a CEO hoping to survive over the long haul.</li>
<li><strong>The Fearful CEO</strong>: These chief executives hide in fear of making a mistake, revealing shortcomings or inadequacies, or in an attempt at managing perceptions. CEOs guided by fear often suffer from indecision and analysis paralysis. The worst thing about a fearful CEO, is that executives who refuse to make decisions and take risks will transfer that thinking to others within the organization. Leadership is a contagion &#8211; good or bad. Oddly enough, the biggest sign of a fearful leader is when a leader fails to engage. Leaders who avoid personal interaction, or shy away from social media for all the wrong reasons are likely fearful leaders.</li>
<li><strong>The Disconnected CEO</strong>: Unlike CEOs who understand how to leverage time and resources via delegation while remaining connected to management and staff, the disconnected CEO does just the opposite. They have reclusive tendencies which cause them to often completely abdicate responsibility and remain disconnected from management. Sticking one’s head in the sand will not make the circumstances of a particular situation go away, rather that type of thinking will likely on exacerbate the issue.</li>
</ul>
<p>If you’re a CEO with clouded vision and desire to change the view from the top, it is critical that you maintain open lines of communication through a variety of channels and feedback loops. All good leaders maintain a connection and rapport with both line and staff. Furthermore, savvy CEOs are always working to refine their intuitive senses. A good CEO demands accountability and transparency. They challenge everything of consequence. They understand that acceptance of general statements and ambiguity, or blindness to hidden agendas will only contribute to limiting their vision…</p>
<p>If you&#8217;re a CEO and you haven&#8217;t personally spoken with your top customers, suppliers, vendors and partners, you&#8217;re doing yourself and your company a great injustice. If your CFO handles all communications with your banking relationships, and your Chief Investment Officer handles all of your investor relations, you&#8217;re flat out missing the boat. If your CMO is making all of your brand decisions there will be h*ll to pay down the road. Moreover, in today&#8217;s litigious and compliance oriented world where the CEO is no longer out of reach, it&#8217;s just plain smart to take a more hands on approach. Remember that there is a major difference between delegating and abdicating responsibility. I think President Reagan said it best: &#8220;trust but verify.&#8221;</p>
<p>Let me be very clear&#8230;I&#8217;m not suggesting that you become a micro manager or that you stop delegating, I&#8217;m simply suggesting that you do the job the way it is supposed to be done. Great leaders champion from the front&#8230;they are not disengaged invisible executives. As the CEO you are the visionary, influencer, champion, defender, evangelist and you must have a bias to action. You can be none of these things as a recluse&#8230;</p>
<p>Engaged leaders are very visible and very active leaders - they question, listen, assess and react. I can promise you one thing&#8230;If as a leader you don&#8217;t have a clear read on the pulse of your organization, it won&#8217;t have a healty pulse for very long.</p>
<p>Thoughts?</p>
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