Marshall Goldsmith Blog

Do you know what’s most important in your life?

I want you to imagine that you’re 95 years old – and on your death bed. Before taking your last breath - you’re given a great gift: the ability to travel back in time - the ability to talk to the person who is reading this column - the ability to help this person be a better professional and, more importantly, lead a better life.

The 95-year-old you understands what was really important and what wasn’t, what mattered and what didn’t, what counted and what didn’t really count. What advice would this wise “old you” have for the “you” who is reading this page?

Take a few seconds to answer this question – personally and professionally. Jot down words that capture what the old you would be saying to the younger you that is here now.  My next suggestion is simple - just do whatever you wrote down! Make that your resolution for this year and next.

A friend of mine actually had the chance to interview people who were dying and ask them what advice they would have had for themselves. The answers he got provide wonderful advice for all of us.

One recurring theme was to “find happiness and meaning - now,” not next month or next year. The great Western disease lies in the phrase, “I will be happy when . . .” The wise old you has finally realized that the next promotion, the next achievement, or the corner office really won’t change your world that much. Many older people said they were so wrapped up in looking for what they didn’t have that they seldom appreciated what they did have. They often wished they would just enjoyed life as they were living it.

Another common response revolved around friends and family. You may work for a wonderful company, and you may think that your contribution to that organization is very important. When you are 95 years old and you look at the people around your deathbed, very few of your fellow employees will be waving good-bye. Your friends and family will probably be the only people who care. Appreciate them now and share a large part of your life with them.

Older people offer other valuable advice: “Follow your dreams”. Figure out your true purpose in life, and go for it! This doesn’t apply just to big dreams; it is also true for little dreams. Buy the sports car you always wanted, go to that exotic locale you always imagined yourself visiting, learn to play the guitar or the piano.

If some people think your vision of a well-lived life is a bit offbeat or even goofy, who cares? It isn’t their life. It’s yours. Old people who pursued their dreams are always happier with their lives. Few of us will achieve all of our dreams. Some will always be elusive.

So the key question is not, “Did I make all of my dreams come true?” The key question is, “Did I try?”

I was involved in a major research project involving more than 200 high-potential leaders from 120 companies around the world. Each company could nominate only two future leaders, the very brightest of its young stars. These are the kinds of people who could jump at a moment’s notice to better-paying positions elsewhere. We asked each of them a simple question: “If you stay in this company, why are you going to stay?”

The following are the top three answers.

“I am finding meaning and happiness now. The work is exciting and I love what I am doing.”

“I like the people. They are my friends. This feels like a team. It feels like a family. I could make more money working with other people, but I don’t want to leave the people here.”

“I can follow my dreams. This organization is giving me a chance to do what I really want to do in life.”

The answers were never about the money. They were always about the satisfaction. When my friend asked people on their deathbeds what was important – and I asked young, global leaders what was important – we got exactly the same answers!

When you’re looking for what’s most important, don’t look ahead. Look behind. Be happy now - enjoy your friends and family – and follow your dreams.

This is great advice for everyone who wants a fulfilling career. It’s also great advice for everyone who wants to live a meaningful life.

Life is good.

Marshall

MarshallGoldsmithLibrary.com

www.MarshallGoldsmithFeedForward.com

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September 15, 2008 - New York - SHRM - contact Marshall if interested

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How important is integrity in a business environment?

Enron’s leaders did a wonderful job of preaching the value of challenging the system…so did Andersen’s…so did NASA’s. Everyone seems to know that encouraging upward challenge is a key to maintaining corporate integrity. This is relatively easy to understand; it is just hard to do. After corporate meltdowns, it is amazing how many people claim that they knew there could be huge problems. It is even more amazing how few people effectively expressed these concerns before the problems were reported in the news.

Warner Burke has pointed out that “knows how to influence up in a constructive way” scored last place on managerial effectiveness in all items when people evaluated their managers in NASA – immediately before the Columbia space shuttle exploded. While lack of effective upward challenge was not the only cause of the explosion, it was a clear contributing factor. The same story is true in almost all organizational disasters and examples of corporate wrongdoing.

I’d like to suggest some organizational guidelines aimed at encouraging upward challenge and preserving corporate integrity. None are a reinvention of the wheel, and they certainly are not all encompassing, but I have seen them work in highly respected companies and I hope they can provide you with a good discussion point for reviewing your own organizational processes. While some of them may seem extreme, the organizational cost of integrity violations is — and should be — huge. If the last two years have taught us anything, it should be that ethical violations can kill even the most successful companies. The cost of preventing ethical problems will never exceed the cost of dealing with ethical problems.

Suggested Guidelines for Managers and Employees:

• If you are ever asked to do anything that you believe may be unethical, it is not your right to express your concern – it is your responsibility.

One of the world’s most highly-respected service companies clearly communicates this guideline to all employees, and it is a major message in their new employee orientation. I cannot think of any organization that should not communicate this same clear message, yet very few do.

All employees need to express their concerns if the decision may be unethical. In many cases directives that appear to be unethical are just that. Even the perception of an ethics lapse can be damaging to the entire company. Therefore, employees at all levels need to take responsibility to ensure that their organization engages in ethical business practices. After all, managers cannot read their employee’s minds.

• Employees that are not satisfied with their manager’s response to any ethical challenge should have the responsibility to continue this challenge to the next level of management.

If a resolution cannot be reached with the immediate manager, the employee should continue to challenge up. This type of challenge should not be viewed as an indictment of either the manager or the employee. Honest, well-meaning people can have very different views of the ethical dilemmas that surround the same decision.

• Any manager that threatens concerned employees or knowingly discourages upward challenge should be fired.

If only one employee is punished for honestly expressing ethical concerns, the word will quickly spread throughout the organization. Honest upward communication cannot be treated as an option. It needs to be a requirement. Managers at all levels need to understand that there are severe and immediate consequences for blocking the flow of vitally needed information.

• Consideration of integrity violations should be conditions of employment and have nothing to do with job performance.

One of the organizations that I respect the most has a clear rule: “All employees who knowingly lie, cheat or steal will be immediately dismissed, regardless of their performance on the job.” In this organization, every employee is taught that even the best performer, if found to have committed an ethics violation, will still be fired. Their logic is simple — If we allow small amounts of lying, where do we draw the line? Many of the well-publicized corporate scandals happened not merely because of one event. They happened because of the “creeping dishonesty” that can occur when small violations are ignored and increasingly corrupt practices evolve over time.

• Employees who do not feel comfortable using the normal chain of command should be provided with an alternative mechanism for upward communication.

In spite of the best corporate guidelines, the best training, and the best intent, some individual managers may still be very intimidating. Every employee needs a way to go around the system when they feel threatened by line management. They must be trained on how and when to use these alternate channels.

• Managers should proactively ask for suggestions on how to improve the organization, rather than passively waiting for employees to express concerns.

As Peter Drucker has said, “The leader of the past knew how to tell. The leader of the future will know how to ask.” If employees don’t feel free to communicate openly on business concerns, it is highly unlikely that they will feel free to communicate openly on ethical concerns. If they have an open dialogue about business concerns, any ethical concerns will probably emerge as part of the ongoing conversation.

• Both managers and employees should be trained on how to encourage and provide upward challenge.

Providing traditional ethics training may be a waste of time for many employees. The vast majority of employees are probably ethical in the first place! They merely need to learn how to recognize potential integrity issues and effectively communicate these in a way that can prevent ethics problems.

The corporate scandals of the last few years have resulted in a lack of trust for major organizations. The conditions that led to ethics issues will not be fixed by having employees attend training programs or listen to motivational talks. Organizations that establish and implement clear processes for encouraging upward challenge can do a great deal to prevent problems involving ethic, integrity and values. Trust is easy to lose and hard to regain. For many employees and for the public at large, it may take years of concerted effort to rebuild the credibility of large corporations. From both a business and values perspective, it is worth it!

Life is good.

Marshall

MarshallGoldsmithLibrary.com

www.MarshallGoldsmithFeedForward.com

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