Are you Self Aware?
"Your visions will become clear only when you can look into your own heart. Who looks outside, dreams, who looks inside, awakes." Carl Jung
I really liked this quote when I first read it. Reading it a second time made me reflect and wonder how well we actually know ourselves. We are constantly puzzled by the behavior, motives and intentions of the people around us, yet how often do we stop to peer into our inner selves. Self awareness is often taken for granted but frankly there are many of us who lack it.
Some years ago, a colleague came to me in great distress. Her manager had asked her to fill in her strengths and weaknesses in the newly introduced performance management system. She was struggling with this exercise even though she had over 12 years of experience. Her take on it was that, no manager had ever given her candid feedback regarding her strengths and weaknesses. This surprised me, but what was even more shocking was her total lack of self awareness. Anyone who knew her would say that she is very well dressed, poised and quite efficient at her job. Yet she had not risen in her career and perhaps it was her inability to understand herself which stood in the way of her career progression.
You may often find that people who are unaware of their strengths and weaknesses tend to to overestimate themselves. When you know yourself, you can leverage your strengths, compensate for your weaknesses, develop in some areas and also avid situations where you are unskilled. There are many ways in which we can build self awareness:
- Ask others for feedback. You could ask your boss, trusted peers or friends.
- If your organization has a 360 degree feedback system - where you get feedback from your boss, peers, direct reports (if any) and sometimes customers then you can analyze what your highest and lowest ratings are.
- Question yourself. Do I lack certain skills or are my weaknesses things I avoid doing, do not like or have never done before? How did my strengths develop? Why am I perceived in this manner? Reflect on your answers to these questions so that you can decide what is easy and tough to do.
- Be prepared to follow up with people and ask them what they would like you to continue doing, stop doing, start doing or doing differently. Be very specific and focus on areas of concern.
- Accept the feedback given to you. Don't argue or qualify it. Just absorb it. If you do choose to comment, be sure to give examples of the behavior being described to validate what they are saying.
- Remember every perception is a reality. Even if it may seem unpalatable at times. If you believe that the feedback is not true, think of how you can deal with it especially if it comes from someone senior and could potentially stand in the way of your career growth. Come up with an action plan to convince people through deeds and not words. Decide how you will act in critical situations. Remember that it may take people quite some time to view you differently or change their opinion about you.
- Be readu to accept that you are imperfect like everyone else. Freely share your thoughts, doubts and opinions in your normal work conversations. This may not come easily to you so carefully observe three people who are good at admitting their mistakes and weaknesses.
- The ultimate aim of self awareness is full knowledge. So go ahead and find out your blind spots, areas in which you think you are much better than others think you are. If these blind spots are not identified and tacked they could prove to be career stallers.
- You could also try something new, fun or plain whimsical to see how well you can get at it. This could be something like dancing, juggling, playing poker, etc.
- Another option could be to attend a self awareness workshop which includes live feedback
In the end, it is self awareness which will help you to live life wholly and discover your destiny.
Becoming People Savvy in the New Year
It's a new year! 2013 has started and it's time to make new beginnings! New resolutions, skills, adventures, jobs, homes, etc...All of us are keen to start the new year on a positive note. Yet there are many people like Neil who are impatient and too critical to make a positve impact. He is a manager with many years of experience but he tends to misread others and is often unable to clearly understand their strengths and weaknesses. This has become a roadblock which is preventing his promotion from happening. What he lacks are people skills. Well, here are 13 ways in which they can be developed:
1. Avoid generalizations about people. Just because they are unable to do one this competently does not mean that they can't do a 100 things better than you do.
2. We often tend to stick to people with whom we are comfortable. They are similar to us in personality, views, skills, etc. There isn't much we can learn from someone like this. Instead, it is important to look for people with whom you disagree or who gets on your nerves. Try to understand what they do well and not well. Stop judging them.
3. Listen when people talk and try to find out what drives them. When you hear them out, it shows that you care. Find common ground. Also freely share information abut yourself.
4. When someone is speaking, don't interrupt, finish sentences or wave off further information by saying you already know it. Ask questions to learn more about people.
5. Think of the people you with whom you work closely and see if you can write down 3 specific strengths and weaknesses that they have. After that decide how confidnet you are of your assessment. You may find that you are more sure about the people whom you like or with whom you share a personal relationship. Spend time with people until you can comfortably list their strengths and weaknesses.
6. Become a people watcher. Try to predict what they are going to say or do before they do it. Find patterns in their behaviour. This will not only help you to understand their strengths and weaknesses but also adjust to their responses.
7. On a more formal level take up a job or assignment which requires you to interact with a different culture, new and diverse set of people.
8. Opt to work with a cross-functional team or a new group of people from another function who have a different background and perspective.
9. Take on additional responsibilities which entail managing a large group of people and the onus for their training and development.
10. Join a start-up which requires you to build a rapport with a new team and develop new skills.
11. Work on a project which requires you t use your personal power and influencing skills rather than your position or authority.
12. Volunteer to assemble a diverse team to resolve a challenging issue.
13. Handle a tough negotiation with an internal or external.
Try them out and share your feedback on how they worked for you.
Women in the Boardroom
A recent study conducted by New York-based not-for-profit organization Catalyst has revealed that companies that hire more women at senior executive positions stand to improve financially.
It wqs found that companies which had at least 30 per cent women on the board performed better. Also, boards that had more women in 2001 saw their numbers rise further by 2006, indicating that women on top bring in more women.
Catalyst based its study on an analysis of 359 Fortune 500 companies starting in 2000 and thereafter once again in 2006. Companies with maximum women directors and corporate officers also showed improved financial numbers as against companies that lacked women at the top.
The study also said that the number of Fortune 500 companeis that had more than 25 per cent or more of women, was also growing in numbers consistently. While only 30 companies fitted the bill in 2001, the number went up to 68 in 2007.
In Feb 2008, PepsiCo's India-born chief Indra Nooyi was among Forbes' list of 10 best women chief executive officers of large corporations based on their total return to investors since each woman took the top job.
Forbes gives top rank to Catherine Burzik, head of Kinetic Concepts, a medical technology company, and number two to Meg Whitman of eBay, the online marketplace. PepsiCo under Nooyi, who took over as CEO in October 2006, gave investors annual return of 9.4 percent, and 13.1 percent cumulative. Standard & Poor (S&P) annualised return is 2.6 percent while industry average annualised return is 0.4 percent, according to the magazine.
Paying a compliment to the women CEOs on the list, Forbes magazine said stock performance had as much to do with corporate leadership as it had to do with the state of the marketplace.
The magazine said of about 1,000 public companies with at least $1 billion in annual revenue, there are 30 female chief executives in its database. A dozen of these companies have shown total returns greater than their industry peers, with a minimum length of time in office of the CEO of a year and a half. Nooyi's strategy and style of functioning at the global food and soft drinks behemoth has been analysed by Fortune magazine in a cover story in its current issue.
The magazine had earlier rated her the world's most powerful businesswoman in 2006 and 2007.