Posts Tagged ‘leadership’

Thursday Thoughts on Leadership: Post-its® – why didn’t I think of that…

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Opportunity often comes suddenly. Great ideas sometimes come from an unexpected place.  And every once in a long while breakthroughs emerge in a manner that makes you think, “Why did I never think about that before?”

These things can’t be forced, but good leaders know to recognize – and act – on them quickly.

Here are three examples:

#1. The Post-it ® note story

Spencer Silver, a researcher at 3M in the early 1970’s, was working to develop a strong, lightweight adhesive. He failed. His work remained on the shelf, never reaching the market.

A few years later, Arthur Fry, another 3M researcher, became frustrated that the markers he placed in his church hymnal to keep track of each Sunday’s selections kept falling out.

Then he remembered Silver’s “failed” adhesive.

Fry coated his markers with the stuff and, well, you can guess the rest. Post-it Notes® hit the market in 1980 and became an office staple.

#2. Tight end in motion

The great Forty-Niner Coach Bill Walsh tells his own “Post-it story” in his book ‘The Score Takes Care of Itself.’

It happened when Walsh was an assistant coach with the Cincinnati Bengals, in a game against the Oakland Raiders. Bob Trumpy, the Bengals tight end, mistakenly lined up on the left side of the line of scrimmage. Trumpy realized his mistake and went in motion to the right side before the ball was snapped. All hell broke loose in the Raider defense. The tight end had never gone in motion in the NFL. Three of the Raiders actually collided in the middle of the field trying to adjust to this move.

Soon every team in the NFL started putting the tight end in motion.

#3. The triplicate file

My own Post-it story came early in my career. My assistant John Thompson (yes, that John Thompson) was just out of college. He had no experience in real estate. He also did not have what we referred to in those days as a “Brag Book,” a book filled with client testimonials and listings you had sold that you brought with you to listing or buyer presentations.

So John, lacking a Brag Book, took along a triplicate file  – one of those nice looking file folders lawyers use. He would fill it with the contract and other forms used in a transaction. Although he was very inexperienced I observed sellers’ reaction to John improved simply by virtue of this rather impressive looking prop. Soon, I started inserting the triplicate file into my presentations and it was one of the biggest factors in me closing 50+ transactions in a single year.

Brian Crane, our Los Gatos Manager, refers to this as an “X Factor,” that small thing that makes a big difference.

What is your Post-it® story?

I suspect you have your own version – that moment when something that profoundly changed your life or business came unexpectedly.

Email me with your story and I may share it in future installments of this newsletter.


Thursday’s Thoughts On Leaderhip: Leading In Uncertain Times

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Joe Cool. We all are familiar with that archetype from the movies and literature and even the comic book pages. He is the person who is unflappable, no matter the situation. The situations may change, but they follow the same routine: everybody panicking, except for one guy, who is unruffled as he does his assigned task. They exist in real life, one example was Joe Montana.

He was famous for a lot of things, most prominently, the Super Bowl titles he won leading the San Francisco 49ers. Those who played with him point to one thing above everything else: his ability to stay calm in the midst of chaos, especially with the game on the line in the fourth quarter. While others saw turmoil and danger after the snap, Montana saw order and opportunity. He was Joe Cool, the unflappable king of the comeback.

In the 1989 Super Bowl against the Cincinnati Bengals. The San Francisco 49ers found themselves down by three points with 3:20 left in the game. Despite their belief in themselves, they, like all professionals, felt some nerves in the huddle to start that last drive. Harris Barton, who played tackle on that team, remembers the nerves and how quickly they disappeared, not because of a play on the field or because of a rousing speech, but one simple observation and a comment from Montana that seemed out of place. Harris remembers Montana stepping into the huddle to start the drive and all of a sudden saying, “Hey, there, in the stands, standing near the exit ramp. Isn’t that John Candy (the late actor and comedian)?”

At that moment, Barton remembers the anxiety leaving him and his teammates. That Montana could seemingly be so unaffected by the pressure of the moment, brought great ease to his teammates and the belief that he would lead them the final 92 yards to victory. And that is exactly what he did.

Earlier this week, in the Intero Insider, I wrote of the uncertain times we face in our industry with fast coming changes: the expiring homebuyer tax credit, the increase in the incidence of foreclosures and the Federal Reserve’s plan to stop purchasing mortgage-backed securities that have been helping to keep interest rates low. How these changes and many other factors might affect our industry in the coming months is unknown, but we can see it as our own fourth quarter drive. How you react, and how we react as a company and as leaders in this company can set the tone.

Just like his teammates, we can learn from the words of Joe Montana: “I just try to treat every moment the same, whether it’s the first part of the game or the last part of the game,” Montana said. “You try to be yourself. The biggest thing that is the difference to your team is when you get into tight situations and all of a sudden your personality changes. They see a difference, and if you’re the same, they have more of a tendency to be the same.” When the pressure was on, Montana was at his best. He knew he was prepared. He knew the game plan. He knew the strengths and weaknesses of his teammates and his own, and how to minimize them or exploit them. Above all, he knew the task at hand and he only concentrated at executing. Because of his ability to lead in uncertain times, his teammates could concentrate on their tasks and execute their responsibilities. The result was not just a touchdown, but a championship and a legacy that will never fade.


Thursday Thoughts on Leadership: Measure leadership by those who follow you

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Every true leader understands the value in measuring the caliber of people in their organization. It doesn’t matter what kind of group or organization you are leading, or the size; the caliber of people you lead speaks volumes about you, your organization, and your direction.  As Dennis Peer put it, “One measure of leadership is the caliber of people who choose to follow you.”

There is a great relationship that is developed within a great organization, the leader motivates, and guides, but eventually the group matches the challenge and catches up, and now they push the leader forward so that the whole company can grow. Against that push, the leader must strive to find new objectives, new models and new goals in order to once again bring the organization forward in its development. The French diplomat Tallyerand, once said “I am more afraid of an army of 100 sheep led by a lion, than an army of 100 lions led by a sheep.”

At the 2007 NAR Conference & Expo Bob Moles and I were recognized and awarded the prestigious RISMedia National Home Ownership Award for “outstanding achievements among residential real estate’s most influential and charismatic leaders.”  Often, as President of Intero, I accept such awards, but these awards are truly achieved because of the team that I lead. The Intero team of agents, staff and management are the highest caliber in the business, and I have the privilege of leading them.

Soon, it will be time to turn the spotlight back on those who push me every day to be a better leader by once again recognizing the best within our group through the Intero Achievement Awards. Every year it is a nice benchmark for where we stand as a company and as individual members of the whole.

It has been demonstrated that people’s motivation to increase their productivity only increases when they have a challenging goal and receive feedback on their progress. The awards are a very public way to give that feedback. It lets us know if we are still climbing, and it lets me know how much more I need to do to meet the challenge.  As described above, the leader pulls the group forward, and the group rises to the challenge and pushes the leader to still greater achievements, the group’s momentum never stops.


Thursday’s Thoughts on Leadership: Leaders Understand – Failure is a Part of Success

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Most of us have heard the story of Thomas Edison failing his way to success in the invention of the light bulb.

He literally failed 10,000 times before getting it right.

If Edison had said, “I am a failure. My idea is bad, my work is misguided, my mission is lost,” the world would be a much darker place. Of course, what he did do was learn from the failures, made changes, and tried again.

Bingo.

Early in my real estate career I seriously was considering quitting the business. I struggled greatly for my first deal. Then out of the blue a friend called and said he wanted to move. I said to myself, “OK, I will get out of the real estate business after I close this one deal.” That deal led to another and another and pretty soon there was no looking back.

One year later I had closed 52 deals!

Here is what I have learned: when you have a setback – losing a big sale, being passed over for a career-making promotion, even getting fired – allow yourself a short time to grieve, then get right back up on your horse and plan your next move.

The great coach Bill Walsh, in his book “The Score Takes Care of Itself,” recounts how close he came to quitting in the second season as 49er head coach, hitting rock bottom after a crushing loss to the Miami Dolphins. He spent part of a transcontinental flight experiencing an emotional meltdown.

Sixteen months later, the San Francisco 49ers became world champions, defeating the Cincinnati Bengals 26-21 in Super Bowl XVI at the Silver Dome in Pontiac, Michigan.

A football dynasty was in the works. The 49ers won five Super Bowls over fourteen years.

Thomas Edison and Bill Walsh both understood that failure is an integral part of success. We would do well to follow their lead.


Thursday Thoughts on Leadership: Recognition helps lead the way.

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In previous weeks, we have discussed how effective leaders can guide their organizations to success. A key leadership trait is the ability to inspire followership. The most effective leaders cannot simply create a shared vision and direction for the organization, leaders must develop a relationship with the people they inspire to follow them and then guide them. Following an effective leader, people accomplish and achieve more than they may ever have dreamed possible. One of the tools that the most effective leaders can employ to inspire people to follow them is recognition.

Like any trailblazer, a leader must leave tangible markers to ensure that those who follow are headed down the right path. Recognizing and publicly rewarding the most successful members of an organization accomplishes this. This can take many forms, from simple “thank yous”, and small prizes or certificates of accomplishments to monthly or yearly awards. A good leader never forgets to make other people feel important and appreciated. In order to accomplish this, the leader excels at creating opportunities to provide rewards, recognition and thanks to all members of the organization.

As Jim Kouzes and Barry Pozner write in their book, “The Leadership Challenge”, “Leaders are constantly on the lookout for ways to spread the psychological benefits of making people feel like winners, because winners contribute in important ways to the success of their projects. Leaders often serve as a mirror for the team. They reflect back to others what a job well done looks like, make certain that members of the team know that they have done well, and ensure that others in the organization are aware of the group’s effort and contributions”.

I first learned how powerful this was when I served as a Manager at Contempo Realty where our Chairman, Bob Moles, served as President and CEO. I can still recall that every time we gathered to recognize and reward the achievements of our top agents, Bob took the time to publicly acknowledge his managers, including me. Despite my own drive to be the best I could be, that type of recognition inspired me to go above and beyond my own expectations.

A study of the winningest high school and college athletic coaches reveals that they pay great attention to providing real-time feedback on their players’ performance and will, as appropriate, recognize and reward outstanding contributions.

But what of those that do not achieve that success. The answer is simple, don’t reward them. You cannot minimize the achievements of the superstars by recognizing those that just do enough to get by. To do so undermines the leader’s credibility and that of the role of recognition for outstanding achievement in your organization.

Besides the many other things that we do here at Intero to recognize achievement, we send an email out every week titled “Intero’s Top Weekly.” It lists the top producers in our organization for a given week. In an organization as large as Intero, it serves to publicly acknowledge and thank those individuals who have done the most to push forward the goals and the success of the organization. I often find that the individuals who make it on those lists are not typically the kind who would boast or trumpet their own successes, but private rewards do little to set an example.

Each week, at the bottom of each email, I include the phrase, “Grow for it! This is in recognition of everyone else who has contributed to the success of the organization and a reminder that we can all strive to achieve the status of top producer.


What Is So Special About Leaders?

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What is so special about leaders? Do we ever really stop to ask ourselves this question? There are a million different responses, but consider this one … they bring out the best in us. Leaders recognize what is possible before we do. They recognize the potential in an individual and perhaps more importantly, they know how to bring it to the surface.

Consider, Joe Montana. We all know how his story ends, but do you know how it started? As a freshman at Notre Dame in 1974, Montana was the seventh string quarterback. The following year Dan Devine, the newly hired coach stated to his wife after being impressed by Montana’s performance during training: “I’m gonna start Joe Montana in the final spring game.”  When she replied, “Who’s Joe Montana?” Devine said: “He’s the guy who’s going to feed our family for the next few years.” Today we all recognize what Dan Devine recognized in that spring training game in 1975. It is a difficult task to find six better quarterbacks in the history of football than Joe Montana, much less on one college football team. It took a leader with vision to see that.

Montana did go on to have a very good college career at a highly regarded college program, yet when he entered the NFL draft in 1979 he was once again overlooked. He was selected in the third round by the San Francisco Forty-Niners because Bill Walsh, like Dan Devine before him, recognized the potential that everyone else missed.

Walsh knew that in Montana he had found the perfect understudy to lead his team and execute his plans. As Montana related years later in the foreword to the book, The Score Takes Care of Itself: My Philosophy of Leadership, “He (Walsh) had in his mind this ideal – an image of perfect football – couple with the nuts-and-bolts details of how to accomplish it, which he then taught … the place you dreamed of but didn’t know you could reach? Bill Walsh taught me how to reach it. He taught all of us how to reach it.”

I do not have any doubts that Montana believed he could make it in the NFL, but having a leader like Walsh who believed he could be one of the best ever played a vital role in Montana achieving that status. When others see potential in our abilities and they believe in us, and they reinforce that belief every day through their interactions with us, we are strongly influenced by that support. Our Chairman, Bob Moles played that role for me. If the potential exists within us, it will come out when a leader takes the time to bring us along.


Thursday’s Thoughts on Leadership: High Expectations Lead to High Performance

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Leaders know high expectations lead to high performance. Leaders know that the more people believe in themselves, and their leaders believe in them, the more they will accomplish – at all levels. To ensure that people achieve their best, leaders have to take steps to bring forth the best from others. The first step is setting an expectation of high standards, which then becomes a self-fulfilling prophecy. Successful leaders have high expectations, both of themselves and of their charges. It is amazing to see how people react when high expectations are placed on them. If we expect them to succeed, they probably will.

Bob Moles, who has always played a large role in my professional development and success, has always driven me by expecting my absolute best. He expected me to succeed. Where his expectations aligned with my determination and my performance, success followed. Those expectations became my own standard of success and thus they became my own expectations.

I used that as a foundation to set high expectations for everyone at Intero based on the expectations I have of myself. Leaders have to show the way. They cannot point in a direction and ask you to go, they have to take the first steps and ask you to follow. A leaders’ expectations are credible only if they are a reflection of their own record of achievement and dedication, and daily demonstrations of what and how things need to be done.

Leaders recognize the impact of self-fulfilling prophecies. Leaders treat people in a way that bolsters their self confidence, making it possible to achieve more than they may have initially believed possible of themselves.  The German writer Goethe, once penned the line, “Treat a man as he is, he will remain so. Treat a man the way he can be and ought to be, and he will become as he can be and should be.” Success starts with leaders with the vision to set high expectations, it is reached by individuals with the drive to prepare and work hard enough to reach them.


Thursday Thoughts on Leadership: To Lead is to Serve

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As we enter into the heart of the holiday season and we are surrounded by reminders of the spirit of giving, we should not forget what that implies; namely, that there are so many in need.

At Intero, we have always strived to create a different kind of real estate company – a company that focused on more than corporate profits and selling houses, one that endeavors to create an atmosphere that allows its people to continuously grow personally and professionally.

A center point of that philosophy is the Intero Foundation. We understand the universal law that you “must give in order to receive.”  And by that we mean contributing to our communities. One of our core values is commitment, and we therefore take great pride in belonging to a company in which everyone is encouraged to donate to the Intero Foundation. We earn our living by serving our community and this gives us an opportunity to give back to them.

As a company and as individuals participation in the Intero Foundation allows us all to serve the communities we live and work in. It also serves as a foundation of leadership. In his book The Other Side of Leadership, Eugene B. Hacker writes, “The true leader serves. Serves people. Serves their best interests, and in doing so will not always be popular, may not always impress. But because true leaders are motivated by loving concern, than a desire for personal glory, they are willing to pay the price.”

As we give without expecting to receive – be amazed how the universe will reward your generosity.


Thursday’s Thoughts On Leadership: Leaders aren’t born, they are made

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In last week’s message, I introduced the idea that Intero is a company of leaders. I asked each of you to strive to recognize yourself as a leader. I’m sure some of you responded by thinking, “But, I’m not a leader. I don’t have anyone following me. I don’t manage a company, or an office or even a team. I’m not the leader, it’s just me.” Many of us think this because we are often told, or come to believe that people are born leaders. This may be true in rare instances, but true leadership is not bestowed, it is earned. From whatever position you start from, you can become a leader.

Thomas Watson, the president of IBM from 1914 to 1956 once said, “Nothing so conclusively proves a man’s ability to lead others as what he does from day to day to lead himself.” This is your challenge for as John C. Maxwell, the renowned leadership expert said, “ninety-nine percent of all leadership occurs not from the top but from the middle of an organization.”

In everything you do, start with the principal that you alone are responsible for leading the way to a successful 2010. You may in fact be the only one following but that doesn’t diminish your role as a leader, it amplifies it. You set the tone for your own success. You create your business plan and you follow it. You create your goals and you meet them. You create a vision for your success and you alone decide if you attain it. There is no more vital leadership position, even when you turn your head YOU are the only one following.

At Intero, you are surrounded by excellent leaders from which to draw on for experience, motivation and training, but you alone lead your personal success. And in doing so you join the ranks of leaders at Intero.


Creating a Company of Leaders

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As we head into the New Year; full of promise despite these challenging times, I look forward to sharing with you, each Thursday some weekly leadership thoughts. Ralph Nader once said, “I start with the premise that the function of leadership is to produce more leaders, not more followers.” At Intero, we strive to embrace this concept. It is always with great pride that we share with all of you, the remarkable growth and pre-eminent position Intero has achieved since it was established in 2002. Central to that success has been our principal of empowering people, more specifically, our agents, employees and customers.

A quick peek at our website to read the bios of our Executive Leadership demonstrates a well rounded and dynamic class of leaders from the Chairman to our Managing Officers. Just because these men and women hold titles that are associated with leadership, that does not prevent each member of the Intero family from becoming a strong and effective leader in their own right.

At Intero, we are blessed with incredible leaders, recognized around the country and in fact the world, for their expertise and accomplishments in the Real Estate industry, but our true strength is in the leadership exhibited by each of our agents.

The truth is that at each client visit, as you sit across the table from your prospective client, you are the face of the organization. You are in charge. The success of the organization lies in the result of those individual meetings. Our market share is an impressive number but it is only impressive because it is built on the very real victories realized by each one of you one client at a time.

Your presence and participation at conferences and training events locally, regionally and even nationally allow each of you the opportunity to represent Intero. It brings to life the ideals of continual forward thought, always investing in the future, and always looking for innovative opportunities that make it possible for Intero to grow.

Thousands of times over each year, you are leading Intero.

If you embrace this principal, that each of you can be a leader, you will find within yourself a greater desire to succeed and to perform at a higher level because you represent something larger than yourself. My hope is that each of you has your most successful year ever in 2010. Strive to make it so and recognize yourself as a leader in this company; a company of leaders.