Latest / King Dems Podcast | Growth Mindset, Leadership, AI and Business Insights / Why Brilliant Executives Fail After Promotion | Leadership Psychology w/ Navid Nazemian
Transcript
- 0:00We are at a leadership paradox right now, which means the tech
- 0:04is ready and in most of the cases, the tech is far more
- 0:08advanced than the leaders who are supposed to adapt that tool
- 0:13into the organisation who are supposed to bring that in and
- 0:16use it in a meaningful way. But if you were to look at how
- 0:19many of those companies consider themselves to be mature in AI
- 0:23deployment, it's 1%. So the biggest barrier is not
- 0:28the employees or technology for me, it's leadership alignment
- 0:32and vision and making sure that those leaders were supposed to
- 0:36enable this technology and make those decisions are really
- 0:39comfortable using that. Hi there.
- 0:43Are you a professional or business owner teaching
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- 1:21creating smarter with Gamma App. Real life ladies and gentlemen,
- 1:45you once again welcome to the Kingdom's podcast and Diary of a
- 1:49CFO. And today I've got will be a
- 1:53very important guest fighting out of Dubai, United Arab
- 2:00Emirates. Make welcome David Nazer, me and
- 2:06how are you, David? Thank you so much, Adam.
- 2:10Well, I'm, I'm well and I am super stoked has this
- 2:13conversation with you today. Oh wow, of course myself, I'm
- 2:18super stoked as well. OK, so we have so many
- 2:22connecting dots. Ladies and gentlemen, welcome to
- 2:24another powerful episode of The Kingdom's podcast in Diary of a
- 2:27CFO. Today's conversation is 1 for
- 2:31leaders, founders, executives and ambitious professionals
- 2:35navigating pressure, transition and high performance
- 2:39environment. Our guest is globally recognised
- 2:42as one of the foremost voices in executive leadership and
- 2:45transformation. He has coached senior leaders
- 2:48across industries, cultures, and continents, helping them
- 2:52navigate some of the most critical transitions of their
- 2:56careers with clarity, resilience, and strategic
- 2:59precision. Ranked by CEO today as the
- 3:03world's #1 Executive Coach, he is also the author of the
- 3:07acclaimed book Mastering Executive Transitions, A
- 3:11groundbreaking framework exploring why even brilliant
- 3:14leaders struggle after promotions, role changes, and
- 3:19increased visibility. This conversation goes far
- 3:22beyond traditional leadership theory.
- 3:25We are unpacking the psychology of pressure, the emotional cost
- 3:28of leadership, organisational politics, identity shifts, and
- 3:33what it truly takes to try at the highest levels of leaders
- 3:37and influence. Whether you are a CEOCFO
- 3:41entrepreneur, emerging leader, or someone preparing for your
- 3:45next weekly this episode or to learn the way you think about
- 3:49leadership, performance and legacy, please join me in
- 3:54welcoming to the podcast Naveed Nazanir.
- 3:58Wow. Thank you so much, Adamola.
- 4:02Yeah, this is a warm and very lengthy introduction.
- 4:05I was not expecting that, but I do appreciate it.
- 4:08You're you're welcome. You're welcome.
- 4:10Definitely your career has been, has been a globe fool.
- 4:13It's been a handful. So definitely you deserve that
- 4:16recognition. And Speaking of recognition, you
- 4:19you've actually been ranked as the number one executive coach
- 4:24by CEO today in the world. What does that recognition mean
- 4:28to you personally? Yeah.
- 4:30Look, I mean, I want to be perfectly honest with you and
- 4:33your listeners here in that I would love to use the example of
- 4:38my time in HR. I spent 20 years working for
- 4:42some of the world's most admired companies in five different
- 4:45countries. And I, on the day I announced my
- 4:51retirement from active duty as a corporate HR executive, I
- 4:55received my very first award as an HR leader.
- 4:58And it was a surprise to me because, you know, all these
- 5:01years I had done all this, you know, quite, quite meaningful
- 5:04work. And Despite that, it took 20
- 5:06years for me to, you know, receive my first award.
- 5:10And it was a special 1. I actually got it back in the UK
- 5:13in the year 22 because it was a peer Recognition Award, meaning
- 5:20I had a lot of HRDS and CHROS who put in a nomination form on
- 5:24my behalf and, you know, talked about the, the value that they
- 5:28saw that my work had created. At the time I was working for
- 5:31Vodafone, which is one of the largest international
- 5:35telecommunication companies in the world.
- 5:37In South Africa where you're based that called Vodacom, it's
- 5:39the same organisation. So that goes to say that you
- 5:45know, when I started my coaching practise exactly 12 years ago, I
- 5:51did not have a single award up until four years ago.
- 5:54Probably all these awards are nice and I've collected 10
- 5:57awards just in the last four years.
- 5:59These awards are nice and A and a nice way to recognise the work
- 6:03that you do. But for me, the real recognition
- 6:06comes from the executives that I do the work with, and sometimes
- 6:10from the organisations that are so happy that they signed me up
- 6:14to work with them. What a journey and I think
- 6:18people watching us today, people listening to us, they should
- 6:21take a cue from this, should take some inspiration from this,
- 6:25right? When you're in the trenches,
- 6:27when you're putting on the work, know that the work will
- 6:30definitely pay up in in the process, right?
- 6:33It feels like nothing is changing, but when you keep
- 6:37going and you have a good sense of direction, definitely hard
- 6:40work definitely pays up. So, so I appreciate you being
- 6:45authentic, being bored and of course being vulnerable as well
- 6:49in terms of sharing your journey.
- 6:50And when you reflect on your journey from corporate executive
- 6:56to being a globally recognised executive coach, right, What
- 7:01would you say where the defining moments that shaped you the
- 7:05most? Yes.
- 7:07So firstly, I will share a little secret with you and your
- 7:11audience here, which is I actually sign up to become a
- 7:15coach. This is in the, you know, 12
- 7:18years ago. So in the year 2014 with with a
- 7:21very different intention. So my intention was not to go
- 7:25solo and set up my coaching practise and do what I do love
- 7:29doing full time, but I actually wanted to become a more
- 7:33effective leader. That was my sole intent.
- 7:36I felt that after spending more than a decade working in the
- 7:40human resources function, I had reached what I call functional
- 7:45technical limits. As in there wasn't really much
- 7:48more left that I could learn to become a more effective HR
- 7:52individual. And that's why I decided that I
- 7:56needed to go into what I call vertical development.
- 8:00So horizontal development is you add 1 technical degree or skill
- 8:05next to the other one, do the other one, and then you have ten
- 8:08of those. And by the time you do the third
- 8:10one, you can't quite remember what you did in the first one.
- 8:13But vertical development is really expanding the size of the
- 8:17container. So I felt that for the position
- 8:20that I had held at a time and the level that I had reached,
- 8:24growth would come vertically and not horizontally, which is why I
- 8:28didn't pursue an MBA or something, just to have another
- 8:323 letters, something next to my name.
- 8:34It was one of the best decisions I could have made in hindsight
- 8:37as well. I mean I did my three-year coach
- 8:40education training across 3 continents, but the middle part
- 8:45of that I actually did in Cape Town.
- 8:46So I did do that Gyps at UCT, and it's a lovely time that I
- 8:50will cherish for a long time because that really reintroduce
- 8:54me to South Africa, to Ubuntu, to all these various things that
- 8:58are existing in that part of the world, and I'm incredibly
- 9:01grateful for that. Wow.
- 9:03And they did, they did. Of course, you know, it's, it's
- 9:06amazing to know that you, you definitely had a good time in
- 9:09South Africa. And of course, just on a lighter
- 9:11note, right, you were attacking, you were attacking me when it
- 9:14comes to the, the three letter designations, you know, I do
- 9:17have an MPA and be the chartered accountant.
- 9:20That is ACA, right? Yeah.
- 9:26I've got like those 3 letters. Yes.
- 9:30And you probably needed those for KPMG, for PwC, for all the
- 9:34other various companies used to work for.
- 9:38I just felt that at a certain point in time growth becomes
- 9:42more vertical than horizontal. That was the point I was.
- 9:46Trying to make? Yeah, exactly.
- 9:49I like for you, even given the fact that you're an HR person,
- 9:52right? I like for you to pick each
- 9:53other on what people who feel like or who know they have
- 10:00actually plateaued in their career should do because it
- 10:04comes with a lot of confusion, right?
- 10:06And I think so for some people did not feel like, oh, they're
- 10:09going to like a big life crisis. But it is not uncommon.
- 10:14So I like for you to address that.
- 10:16Put it on your HR. Absolutely, yes.
- 10:19Look, this is the actual project that I did at one of the
- 10:25companies I used to work for. At the time, that was a big
- 10:28question mark as to OK, at the time, we had roughly 1600 HR
- 10:34professionals around the world. How can we develop them in the
- 10:37most meaningful way and how can we help them to accelerate their
- 10:41careers and grow their careers in a meaningful way?
- 10:44And so that's when I embarked on this global project.
- 10:48I interviewed the top most senior 100 HR leaders out of the
- 10:541400. I went after the first, second
- 10:57and third layer of leadership and what then became as a result
- 11:02of interviewing those, my intent was, and you know, this is over
- 11:06a decade ago, so there was no ChatGPT at the time.
- 11:09I could have just fed those interview excerpts and hoping
- 11:12that something in interesting comes out.
- 11:14It was all manually done. But what I achieved as a result
- 11:19of those 100 interviews was to be able to distil the 12 most
- 11:26formative experiences that would help to grow an HR person's
- 11:32career, no matter what level of leadership they are AT.
- 11:36And those 12 experiences, by the way, the, the, the, the, the
- 11:40survey did not result in, oh, you need to do your MBA or you
- 11:44need to go to this HR course or you need to study this HR course
- 11:48at this university. It was really centred on
- 11:51experiences, so the first four were in the business focus area.
- 11:56So that meant that there are 4 experiences that HR people could
- 12:00do and so can do to grow their HR level of leadership by.
- 12:06And these four things were business related by working in
- 12:11and with a variety of client groups.
- 12:13I myself have worked with commercial leaders, I've worked
- 12:15with finance leaders. This is the last five years of
- 12:18my career where I worked with the group CFO, Vodafone and her
- 12:21entire finance organisation scattered around the world.
- 12:24The second experience in the business section is
- 12:27international experience living and working in more than one
- 12:30country. And again, I did that in five
- 12:32different countries. The third one is to work in a
- 12:35variety of different business scenarios, meaning you know, if
- 12:39I, and that was my biggest challenge when I grew up in HRI
- 12:43was in Europe, right? I came to Europe as a young
- 12:45child and that's all the experience I had.
- 12:48And you know if you have looked at the European economies at the
- 12:51at the time, it was either growing slightly, shrinking
- 12:55slightly or staying flat. So that was the business
- 12:58scenarios I was used to. And then I had my first
- 13:00international assignment into the Middle East where we grew
- 13:03the organisation from 70 people to 1000 people in a 2 1/2 year
- 13:07time period. So we had like massive growth
- 13:10plans and I just had never experienced that before, which
- 13:13meant that I had to work in a very different business
- 13:17scenario. Then slightly growing, slightly
- 13:20shrinking or flat kind of established.
- 13:23And then the last experience in the business section is to move
- 13:27between head office and country type roles.
- 13:31And that was also something that I really benefited from because
- 13:34once you have sat on both sides of the fence within the same
- 13:37organisation, that really gives you an appreciation for how it
- 13:40what it takes to work with the other part of the organisation
- 13:43in a meaningful way. So those were the first four.
- 13:46The next four were what I call the people dimensional people
- 13:50focus. First one is manage and work in
- 13:54large projects, meaning I actually have led and been part
- 13:59of big projects in every single company I've worked for just
- 14:02because it gives you a different level of exposure.
- 14:06The second one is lead directly, meaning yeah, well you, you need
- 14:11people leadership skills in order to grow your people focus.
- 14:15The third one is a surprising one for many.
- 14:18Leading indirectly, meaning I don't have to be the line
- 14:22manager of all these people. If I'm interested to learn more
- 14:25about how to lead people, I can become the leader of people
- 14:29through different things, such as, you know, being the project
- 14:32lead for a particular project and then having those people in
- 14:36the project sense leading up to me.
- 14:38Or as I did get my very first people leadership experience
- 14:42back in Adidas when I was working for the world famous
- 14:45Three Stripes, my line manager gave me the day-to-day
- 14:50management of the two management trainees we had in our
- 14:52department. Although in the system they
- 14:53reported into Herb. So you can get those people
- 14:57experiences also indirectly. And last but not least, this is
- 15:01what GE did very well. I worked for GE back in the year
- 15:042005 and they were really remarkably, you know, sharp on
- 15:09when it comes to accepting stretch assignments.
- 15:12So my boss who was an HRD, she had spent two years working in
- 15:17the quality function and going to factories and looking for
- 15:21defects. And so those stretch assignments
- 15:24really stretch you above and beyond your HR skills and really
- 15:28gave you a different edge. And that brings us to the 4
- 15:31exeriences that makes U the complete 12 key development
- 15:35exeriences for HR leaders. The last four are categorised as
- 15:39selfimrovement. First one is seeking and
- 15:43accepting feedback from a mentor.
- 15:46This is someone who is more senior than you was been there
- 15:49done that and someone you look up to and and learn from.
- 15:52I'm sure in the in the big four experience you had, this is
- 15:55working with senior partners and really sometimes just being a
- 15:58silent observer in the meetings and and in those conversations
- 16:02just to learn from their skills. Absolutely.
- 16:06The second one is undertaking external studies or attending
- 16:10internal leadership development programmes and the study could
- 16:14be an MB AA study could be something that is beneficial for
- 16:17your development as an HR individual.
- 16:19The third one is surprisingly to many HR leaders, building
- 16:24numerical and financial awareness.
- 16:26Meaning as an HRD I'm not only comfortable talking about the
- 16:31people part of the annual report, but I'm equally
- 16:34comfortable to read the PNL and have a conversation with the CFO
- 16:38on cash flow. Now he or she is not expecting
- 16:42me to give them advice on how to optimise the operating free cash
- 16:46flow, but if I don't know what cash flow is and how it's
- 16:49derived at, I will not have the same level of development and
- 16:53capability at the the table when I'm having those conversations
- 16:58with them as an ex core peer. And last but not least, the
- 17:02fourth and last of the self improvement dimension is all
- 17:07about building and developing professional networks.
- 17:10I happen to know that you have one of these networks that you
- 17:13have set up yourself, but there are many more networks where
- 17:16people can take part and start to add value before then
- 17:20eventually extracting value and learning also things from how
- 17:25other people go about doing things.
- 17:26So these are the 12 formative experiences that will help any
- 17:31HR leader to develop themselves no matter whether they are the
- 17:34first, you know, level of juniority or if they are as a
- 17:38Chr at the highest level of seniority anywhere on those
- 17:42levels of leadership. You can look at these
- 17:45experiences if you have not ticked any of these 12
- 17:48experiences to have a meaningful conversation with your line
- 17:51manager and make sure that it becomes part of your individual
- 17:54development plan. Amazing.
- 17:57This is super amazing, right. I'll tell you something that I
- 18:03think would interest you, right. I am actually scheduled to
- 18:08deliver a keynote, our presentation for the Chartered
- 18:12Institute or personnel management in my country.
- 18:17It feels like looking, you're looking into my slides, right?
- 18:21And trying to try to try to tick off some things.
- 18:24But I'll ask real quick. The the topic I'm, I'm gonna
- 18:30speak on is AI people and performance, right?
- 18:34So if you could give me one or two golden Nuggets to add to
- 18:39that slide, to add to the deck, what, what would you say
- 18:42regarding AI people and performance?
- 18:46Right. Yeah, wow.
- 18:48I mean, just the AI topic, right?
- 18:52I mean, it's a big one, I will tell you that.
- 18:56And so again, I do not consider myself to be a deep expert on
- 19:00AI, but I am, I'm a regular user and I'm an early adopter.
- 19:05So few things I can share with you as key Nuggets and you're
- 19:10welcome to use any of this or completely ignore them.
- 19:13Is that as we speak, as we speak right now?
- 19:17I mean today is the 11th of May 2026, which is a very special
- 19:22day by the way, and a special week for me and coaches because
- 19:25this is the international coaching week.
- 19:27So this is where all the coaches celebrate the world of coaching
- 19:31and those non coaches and leaders can take part in various
- 19:34other freebie sessions, webinars and so on.
- 19:38So leadership is being rewritten Ademolo as we speak right now.
- 19:42And I'm not talking about incremental change, right?
- 19:45It's the biggest shift in leadership expectations in
- 19:49decades. And if you were to look at what
- 19:51CE OS say themselves about this, the role has changed more in the
- 19:57past year than in the previous 25 years.
- 20:01This is according to Economic Times, which is the largest
- 20:04magazine and and publication in India.
- 20:06The second key takeaway I would like to share with you is that
- 20:10there is an adoption shock happening right now as well,
- 20:14which means AI is already everywhere without people
- 20:18necessarily noticing that. And so you may or may not
- 20:21remember those. Robot devices that, you know,
- 20:24roam around your house and do the vacuum cleaning almost
- 20:28entirely independently, right. So if I look at, yeah, the
- 20:33latest statistics, just to to make the point there, 78% of
- 20:37organisations now use AI in at least one of the functions and
- 20:4294% are exploring or deploying Gen AI in some form or shape.
- 20:46And 71% already use Gen AI regularly somewhere in the
- 20:51business, which also means that this is not a future leadership
- 20:55topic. It's a current leadership
- 20:58reality and we all are encouraged to learn how to work
- 21:03with it. The second thing, the third
- 21:05thing I can share with you is that I find that we are at a
- 21:10leadership paradox right now, which means the tech is ready.
- 21:14And in most of the cases, the tech is far more advanced and
- 21:18the leaders were supposed to adapt that tool into the
- 21:23organisation who are supposed to bring that in and use it in a
- 21:26meaningful way, which means a lot of companies are looking to
- 21:31increase their investment into AI.
- 21:34But if you were to look at how many of those companies consider
- 21:37themselves to be mature in AI deployment, it's 1%.
- 21:42So the biggest barrier is not the employees or technology for
- 21:47me, its leadership alignment and vision and making sure that
- 21:50those leaders were supposed to enable this technology and make
- 21:54those decisions are really comfortable using that.
- 21:58And so I think it's very obvious for me that, you know, I call
- 22:02this the exposure effect that AI reveals leadership gaps as we
- 22:06speak. Because again, this is another
- 22:08study that was done by The Economic Times. 47 of the
- 22:12executives that they surveyed said that their companies are
- 22:15moving too slowly on AI due to leadership misalignment.
- 22:21Meaning the CIO or the CTO is having one idea, the CFO is
- 22:25having a completely different idea, and the DHR isn't entirely
- 22:29sure how to actually use that in a people sense.
- 22:32Which also means that over 50% of those organisations that The
- 22:36Economic Times of India surveyed report that there is no real
- 22:40measurable value from the AI investments they have already
- 22:43made. And you know, you have this
- 22:45podcast also for CFOs, that is that those are the worst
- 22:48investments, right? Where you spend the money and
- 22:50you don't have any measurable impact as a result of that. 0
- 22:54Retail investment. Yeah, that's a poor one.
- 22:59The translation of all this is that leadership capability, not
- 23:03technology, determines the impact of this new fantastic
- 23:09tool called AI. And so again, if I wanted to use
- 23:13a more modern example, I think there are boardrooms right now
- 23:17in this, you know, year 2026 that are already leveraging AI.
- 23:22So 86% of the corporate leaders use already some form of Gen AI
- 23:28either in M&A decision making or in making sure that the minutes
- 23:32of the boardroom are captured. The sentiment is measured at the
- 23:36minutes are, you know, gleaned for insights and what have you.
- 23:3956% of companies adopt AI primarily to improve decision
- 23:44making quality. And so leaders are not no longer
- 23:48decision makers alone, they are decision architects with the
- 23:52support of this, you know, call it a machine or AI technology.
- 23:57And so that leads to an interesting phenomenon, which I
- 24:02reside as the confidence fracture, which means that there
- 24:06are leaders who do trust AI, but they are also leaders and, and
- 24:11sometimes the same leaders who also are fearful of AI and what
- 24:14it actually can unleash in their organisation.
- 24:18Which means if you were to look at at Investopedia, which is one
- 24:25of the citations I use sometimes, it's almost half,
- 24:29nearly half of the CEOs that surveyed believe that most of
- 24:33the role could be replaced by AI.
- 24:35And at the same time, 77% say that AI is already disrupting
- 24:40strategy, which means this is the very first time leaders are
- 24:46simultaneously feeling empowered and threatened by the exact same
- 24:51force. And so again, AI can create
- 24:55performance, AI can create friction.
- 24:58And which is why I call that, you know, the reality of our
- 25:02productivity right now. So AI can raise productivity by
- 25:0515% in knowledge work settings, in, in, in, in the most specific
- 25:10way. And yet employees who spent
- 25:13significant time correcting AI outputs means that they are
- 25:18losing again, 40% of the time that they have saved is lost to
- 25:22reworking and rejigging and making sure that those things
- 25:26before they're presented, for instance, to leadership or
- 25:28customers are are legit. I won't mention the name of the
- 25:31big 4, but one of the big four recently had to pay a double
- 25:36digit $1,000,000 fine to a government because the the
- 25:39document that they had produced for that particular government
- 25:42had a lot of AI hallucination baked in.
- 25:46And that is really the worst case, right?
- 25:48So that means that as a leadership and as leaders, they
- 25:53must manage the AI illusion versus the AI value gap.
- 25:57And this is something real and something very important to work
- 26:00with. So to kind of sum it up, I find
- 26:03that we are facing what I call the capability divide.
- 26:07So we see that there is a new leadership elite that is
- 26:10emerging. If you look at the latest
- 26:12generations entering the workforce, they are digital
- 26:15natives. They are used to all sorts of
- 26:17different technology solutions as a very normal tool to come to
- 26:21the work. And, and that being said, I
- 26:24remember the time vividly when I was working for the famous Three
- 26:28Stripes where a particular board member would refuse to use
- 26:32emails because they said no, no, no.
- 26:34That's why I have my EA and, and she can type it all in.
- 26:37I would just use my voice recorder and I will not learn
- 26:40this technology anymore. So it's real and it's here.
- 26:44And executives with AI driven investment decisions show
- 26:49measurable productivity gains at the firm level, which also means
- 26:53that younger executives are significantly more likely to
- 26:56adopt AI. And that's what I call the
- 26:59capability divide, right? So the longer the workforce, the
- 27:03less likely they are to want to use these tools or just learn it
- 27:08at the surface level. And then there is the new
- 27:11generation entering the workforce and kind of being very
- 27:14confident with the application of that.
- 27:17So if I wanted to sum it up, you know, leadership is of crucial
- 27:21essence. So for me, it's not a question
- 27:25whether AI will or will not define leadership.
- 27:28It's it's really a question for all the leaders listening to
- 27:31your podcast right now, which is, are you defining AI right
- 27:34now? And that's, that's kind of the
- 27:37last thing I can say about the topic of AI.
- 27:39And, and just the caveat is I do not consider myself to be an
- 27:42expert on AI. I'm just an early adopter and a
- 27:44regular user of it. Amazing, amazing.
- 27:48You don't have to be an expert to be able to what I say, read
- 27:54the book when it comes to what what is happening, especially in
- 27:57leadership. And of course, I appreciate how
- 27:59you broke down the Generation Awards.
- 28:02It's it's something that I have spoken about on the forecast a
- 28:05lot. You know, being a millennial, I
- 28:08feel like I'm in the middle that generational war because the Gen
- 28:12X, the jet access, right? And of course the Gen Z and of
- 28:16course we have the Gen alphas coming up, right?
- 28:19And it's amazing to see what I say the way each of these
- 28:24generations, right, adopt technology.
- 28:27And of course, even within generational sets, right, you
- 28:31have like the guys that are the early ONS and the later on
- 28:34within the each generation. And of course, I think that the
- 28:38way they adopt technology is quite different.
- 28:41But Speaking of leadership, right, while I was just PwC, we
- 28:46have this framework for our prison professionals.
- 28:51So it starts with whole leadership, whole leadership,
- 28:56business acumen are global acumen.
- 29:00That is your ability to work with cross functional teams.
- 29:04You also had the technical competence and building
- 29:09relationships. So I used to I used to make a
- 29:13joke with my colleagues at PwC. I'm like these guys gave you
- 29:17they've literally given you the cheats code to succeed as a
- 29:21professional, right? But you've been a HR leader,
- 29:27right? You would have seen that a lot
- 29:30of executive transitions break high performance even pre at
- 29:35leaders. So what is really happening
- 29:37beneath the surface? So the failure rate is 40%,
- 29:42which is a shockingly high number, meaning if you were to
- 29:46be appointed CFO of KPMG or any other notable organisation, you
- 29:52have a 60 perc percent chance of succeeding and a 40% chance of
- 29:56failing. And the 40% is very well
- 29:58established because Hydrating Struggles, which is one of the
- 30:01largest search rooms on the planet has placed over 20,000
- 30:06executives in several thousand organisations.
- 30:10And when they over a 10 year time period, by the way, and
- 30:12when they went back and started to look at OK, from these 20,000
- 30:17that we have placed, how many have actually succeeded and how
- 30:20many have left the role and the company or quit or were fired
- 30:25sadly. And they found out the 40%
- 30:27number. And then again, there are other
- 30:29studies by Howard Business Review, McKinsey and Company,
- 30:32Centre for Creative Leadership. So they all come to a very
- 30:35similar conclusion. So that brings us to the
- 30:38question of, Oh my goodness, how can this be?
- 30:40Because I can tell you Alamola, as someone who spent
- 30:43considerable amount of time working in the HR function,
- 30:47there is a lot of attention, energy and focus that goes into
- 30:52those top level appointments. I mean, it's essentially never
- 30:55happening that someone just gets hired to be the CXO.
- 30:59In any organisation, there is typically a search firm
- 31:03involved. They do their own background
- 31:04checking, their reference checking their own set of
- 31:07interviews to make sure that the candidate is legitimate to be
- 31:11put forward on the long list. Then the company screens all
- 31:15their backgrounds and then you know, shortens the longest to a
- 31:18typical shortlist with three to five candidates typically the
- 31:22case. Then these three to five
- 31:24candidates will get invited for interviews.
- 31:26Typically not just a single interview, but multiple
- 31:29interviews with a number of key stakeholders.
- 31:32Always part of the the game. Sometimes there is additional
- 31:35tests that they have to perform, such as a psychometric or
- 31:39something on top. And despite all of this, 4 out
- 31:43of 10 don't make it. Which then brings us into your
- 31:46brilliant question as to how can this be like what gets in the
- 31:50way? And in my book, I speak about
- 31:54exponentially challenged executives that are finding
- 31:57themselves in a crisis state. It's just one crisis after the
- 32:03other, after the other, after the other that is getting in the
- 32:06way. I worked with a CEO not not too
- 32:10long a time ago. He was based in Switzerland and
- 32:13that was a division of a part of a large enterprise group.
- 32:18And they decided to carve out that division and do an IPO.
- 32:21So bring it into a different state and have it to be a
- 32:26standalone company listed on the Swiss index.
- 32:29And of course the first time it didn't work out because at that
- 32:32time there was a shortage of CPU's globally and this was an
- 32:36electric type business, meaning that they could not do the IPO
- 32:40without having secured those chips for an ongoing basis.
- 32:45The second time that they tried to attempt to do the same, the
- 32:48war began between Russia and Ukraine.
- 32:50And then the the investment banks told him that the the
- 32:54market isn't really a good one to do an IPO.
- 32:56So see, these are two things that are completely outside of
- 33:00his control. He did not, you know, cite this
- 33:03as an issue. He did not start the war on any
- 33:05country. But the reality is that he and
- 33:08his business were affected by that.
- 33:10So there are external factors. And you know, if you, I wanted
- 33:13to use two recent examples, the tariffs that were put in place
- 33:16by the Trump administration is can be a very hurtful thing for,
- 33:21for businesses outside of the US.
- 33:23And then the last one is the, the, the conflict that has begun
- 33:27in the region that I am based in, in Dubai here again,
- 33:29entirely without the doing of, of the, of the country.
- 33:33So that means that there will be factors that are outside of the
- 33:36executives control that can affect on their performance in
- 33:40the role. But more concretely, if I wanted
- 33:43to look at what are the things that are inside the executive
- 33:47leaders control, then the top three reasons for aggregated
- 33:51transition failure are to do with people, culture and
- 33:55politics. So as I say it on podcast like
- 33:58like yours, it's the functional or the technical skills that
- 34:01gets your heart into the C-Suite.
- 34:03And it's the lack of the so-called soft skills that gets
- 34:06you fired pretty quickly on the back end of that.
- 34:09Wow, interested now your book is actually titled Mastery and
- 34:14Executive Transitions. What What really inspired you to
- 34:19write it and what gap were you trying to fill with that book?
- 34:22Before we dive back into today's conversation, I want to share
- 34:26something important. This episode includes a paid
- 34:29partnership with Better Health, a platform designed to make
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- 36:16If you've been thinking about it, sometimes the best
- 36:19investment you can make these in yourself.
- 36:25Yeah, look, I mean, despite the fact that I did work for some of
- 36:30the world's most admired companies, I I can't really put
- 36:33my hand on heart and say this one company did this process
- 36:38justice in the most pure way. And so I felt that this even
- 36:42companies that are generally considered best practise when it
- 36:45comes to employee onboarding somehow fall short of making
- 36:50sure that the general onboarding, which is perfect for
- 36:5499.5% of the total population, is translated correctly for the
- 36:59top C St executives. Because it's a whole different
- 37:03league and it takes a whole different approach to make sure
- 37:07that those guys and girls get appointed into those top
- 37:11positions and are having a decent chance of succeeding.
- 37:15So that was the the intrigue. And another time, this is you
- 37:19know, 20/13/2014 I did try to educate myself.
- 37:24I did look on Amazon and other places to find the books that
- 37:28speak about the topic only to find that there isn't a single
- 37:31book written and dedicated to this particular topic.
- 37:35There were a gazillion generic on generic on boarding books
- 37:40like the first 90 days is the most popular one and there are
- 37:43about 100 copycats books of the same.
- 37:46There wasn't a single book dedicated to and you know the
- 37:501st 90 days just to use this concrete example, had a subtitle
- 37:55that the author dropped a few years ago.
- 37:58Critical success strategies. Critical onboarding strategies
- 38:01for leaders at all levels. And I have worked in the HR
- 38:04domain for too long to know that if something has been written
- 38:07for any leader at any level, it clearly is not fit for purpose
- 38:11for the top level leadership. So when I saw that there isn't a
- 38:15single book written on the topic, I thought to myself, you
- 38:18know what? I might as well start to do the
- 38:21research to then write the first book on the topic.
- 38:24And I'm really delighted to see that, you know, since my book
- 38:27has launched, there have been three additional books written
- 38:31on the topic, always with the CEO in mind.
- 38:34So the life cycle of ACEO or the new CEO are just two of those 3
- 38:39newly published book that look at the same topic through ACEO
- 38:43lens. So I I think it's fair to say
- 38:46that in a way I opened that category of books to top level
- 38:51leaders because no one else had thought of writing a book about
- 38:55it. Amazing.
- 38:57And of course, what a great way to say with my next question.
- 39:01Speaking of the 1st 90 days, what would you say are the most
- 39:05costly mistakes that C St executives make during their
- 39:12first 90 days in the new leadership?
- 39:14Role So the first thing I would say about the 1st 90 days is
- 39:17that it's nowhere near sufficient for anyone at the top
- 39:21of an organisation to really want to hang on to just that.
- 39:27And the reason I say that is because I find in my coaching
- 39:30practise and in my 20 plus years of HR experience at the senior
- 39:34level, transitioning at the very top is a 12 to 18 months job.
- 39:40It's never a 90 day job again. It's beyond me.
- 39:43Adamola while an incoming CEO must be sitting on their hands
- 39:48waiting patiently until day one to then start to run like crazy
- 39:52and then drop the ball again on day 90.
- 39:54It's just does not make sense to me, which is why if you look at
- 39:59the double diamond framework that I gave to the world, you
- 40:02know in my book is a 12 plus months journey and it consists
- 40:08of seven unique phases of which only one looks at the 1st 90
- 40:12days. I would like to go back one step
- 40:15and and it's interesting because the 1st 90 days I call that face
- 40:19immerse in my double diamond framework.
- 40:21It is only the second phase of the seven phases.
- 40:24There is a. The very important phase that is
- 40:26oftentimes missed because the book of this other gentleman
- 40:31sadly didn't quite reach the same level of fame as the first
- 40:3490 days. And that book is called before
- 40:38onboarding. Imagine, Adam Ola, you are the
- 40:42incoming CFO of a company called X, right?
- 40:46And the company has announced your appointment, but you have
- 40:49another six weeks until you're actually starting your new job,
- 40:53right? You're still in your old
- 40:55company. You have, you're about to leave
- 40:57that company, but the company X has already announced your
- 41:01arrival, let's say on the 1st of July.
- 41:04Yeah, that roughly gives us six weeks from now.
- 41:08There are many concrete things you can do between now and the
- 41:121st of July that you do not want to wait for the 1st of July to
- 41:17start doing. First one is educating and
- 41:21grounding yourself in your new organisation, meaning reading
- 41:26all the material that can get your hands on going.
- 41:28If it's a public listed company, going on the website, logging
- 41:31into an investor relations portal and watching all the
- 41:35analyst and quarterly results announcements where the analysts
- 41:39are grilling the CEO or CFO and what they expect of the company.
- 41:42Reading strategy documents that they may make available to you
- 41:46because you have already signed your new contract of employment.
- 41:49So you know you're you're Privy to confidential information at
- 41:51this stage. If there is a predecessor in the
- 41:54position, if it's deemed appropriate, you can reach out
- 41:57to the CFO in the role who you will replace in six weeks time
- 42:01to have a conversation about what sense they make of this
- 42:04position, right? If they were to help you prepare
- 42:07your SWAT, what would be the SWOT that you would want to put
- 42:11on this slide deck of yours? If it's deemed appropriate, you
- 42:13can reach out to the finance leadership team that you will be
- 42:16inheriting in six weeks from now and introduce yourself to them.
- 42:20Give them a bit of a flavour about you, your style of
- 42:23leadership and what you expect from them and at the same time
- 42:27learn about them and what they expect of the incoming CFO and
- 42:30the the future line manager. And one last example I want to
- 42:33use is every company has at least one leadership team off
- 42:37site that they sometimes do externally, sometimes supported
- 42:40by someone like myself. If that event is about to take
- 42:44place in the next six weeks, it will be foolish for you not to
- 42:48make sure that you attend that event.
- 42:50Because guess what? That event is going to set the
- 42:54stage for the next 12 to 24 to 36 months to come.
- 42:58Which means that you want to make sure to have a seat at that
- 43:01table, even if it's not possible to give your input, at least as
- 43:06a silent observer. So you know what the CEO wants,
- 43:09what the board members want and all that.
- 43:11So you see, there are so many things that you can do even
- 43:16before you are technically on your day one in the role.
- 43:20And This is why I I say often on podcast that the 1st 90 days is
- 43:24a myth. And so it's only one seventh of
- 43:26the total equation. If you wanted to look at the
- 43:28double diamond framework as a success formula, it's only one
- 43:33out of the 7th of the equation of what makes a an executive
- 43:38successful during the first 12 months.
- 43:40Not amazing. So you you briefly touched on
- 43:45organisational politics, right, and cultural failure in terms of
- 43:50factors that influence, you know, whether an executive, you
- 43:55know, is successful in their role or not.
- 43:57But this is a burning question that is on the leaves of a lot
- 44:05of people in the corporate space, right?
- 44:09So why do technically brilliant leaders sometimes feel
- 44:15politically or culture and even when they achieve strong
- 44:19results? Yeah, see at the more I don't
- 44:23know about you, but have you come across a course that
- 44:27teaches people how to become better politics or how to become
- 44:30better culture? There isn't, right?
- 44:33Which means it's one of those things HR keeps banging out to
- 44:37managers and individuals and leaders.
- 44:40It's one of those things you have to learn on the job and of
- 44:44course you can work with someone like myself or other people who
- 44:47can help you to reflect and make sense of it.
- 44:50But allow me to use one particular aspect of the double
- 44:54diamond framework. And so I call that the 5C's,
- 44:57right? I mean, you are currently
- 45:00dialling into our episodes from South Africa and I know South
- 45:04Africa's an incredible country and great for many things.
- 45:07One of them are diamonds. So if you wanted to buy a
- 45:11diamond as an investment, let's say, or you wanted to gift it to
- 45:14someone who's close to you, the 5C's that make an outstanding
- 45:19diamond are carrot weight, colour, clarity, cut and
- 45:24certification. So it's a combination of those
- 45:265C's that you will want to make sure that you get the best
- 45:30diamond for the budget that you have available for this present
- 45:34of yours. Now if I wanted to use the same
- 45:365C's in the sense of the double diamond framework, the 5C's are
- 45:42context, arguably the most important CFO because it looks
- 45:47at the circumstances of the organisation, of the
- 45:50competition, landscape of the government and society
- 45:53surrounding this role, this company and the wider say called
- 45:57landscape. The second C looks at culture.
- 46:00This is looking at organisational culture.
- 46:03What are the leadership traits in this company?
- 46:06And they may be different in PwC than they are in EY, right?
- 46:11And it also looks at values. What are guiding principles?
- 46:15What are our beliefs in this one organisation here that may or
- 46:19may not be similar to whatever else I am used to.
- 46:22The third C looks at commitments.
- 46:25What is this company or firm committed to achieving for its
- 46:29customers, clients and society at large?
- 46:32What are the ambitious ambition levels in this one organisation?
- 46:36And it says a lot about what is expected to be also commitments
- 46:40from you as the incoming C-Suite executive.
- 46:42The 4th 1 looks at circles. What are the circles of
- 46:47influence, power, but more importantly, informal decision
- 46:52making? I won't mention the the name of
- 46:54the company, but there was a very famous CTO who had to be
- 46:59let go of because they went for a technology solution that made
- 47:03all the sense in the world looking at the analysis that
- 47:07McKinsey prepared for them. But they failed to check this
- 47:11with someone who was considered to be the deep subject matter
- 47:16expert in the same organisation. He unfortunately did did not
- 47:20have the most senior job title next to his name.
- 47:22That's why he wasn't even on the radar of this particular CTO.
- 47:25But with that choice that he made essentially had to be let
- 47:29go of. And so informal decision making
- 47:31means who are the go to people in your organisation for the
- 47:36topic that are crucial to your mission success.
- 47:39And and last but not least, the fifth C looks at confidence
- 47:43levels. What are the levels of employee
- 47:45engagement in this company? What is the description of a
- 47:49leadership DNA here? And so the way I use the 5C's is
- 47:53I give them, I give the executive leader, if I'm
- 47:56coaching them a very brief explanation of what they stand
- 47:59for. Then they take it as their
- 48:01homework to sit down and think about what about the context of
- 48:07this new position and if it's a new company, even more important
- 48:11that I want to think about. And more importantly, that is
- 48:16different than the context of the other role in the other
- 48:19company that I was hired to do right now.
- 48:23What about the culture? What about the commitment?
- 48:25What about the circus, what our confidence?
- 48:27And I want them to think about mitigation strategies ahead of
- 48:31the of the coaching conversation.
- 48:33And when they come to the coaching conversation, I will
- 48:37coach them around every one of these five CS.
- 48:40And by doing that, what I will do is I will equip them to the
- 48:44best degree possible to not walk on all these landmines that are
- 48:50laid out for them around people, culture and politics in the new
- 48:54position slash new organisation. So what what would you say is a
- 49:00role of emotional intelligence right in executive leadership
- 49:05today? Is is it teachable?
- 49:08Of course, like anything, you can learn things, right?
- 49:12I mean, IQEQ are, you know, considered to be important to
- 49:18anyone that wants to grow their career.
- 49:20I would actually want to add a third one to this at the danger
- 49:25of creating a new acronym, but I call that Transition
- 49:28Intelligence TQ, right, which is OK.
- 49:32Just because you have been successful in the past
- 49:35transitioning from one position to another, it does not
- 49:38guarantee whatsoever that you will be continuing to be
- 49:42transition ready and successful in your future transition.
- 49:45Which again, you know, doing the work with someone like myself.
- 49:49And I have trained up 72 coaches by now who are certified
- 49:53transition coaches. So everything I use in my
- 49:55coaching practise has been made available to those 72 coaches.
- 49:59And they're already working for companies just to give you some
- 50:02names like ABP, Adidas, Louis Vuitton, Hennessy, LVMH, the
- 50:06largest luxury company in the world and many, many more others
- 50:11to who are deploying these tools in their transition coaching
- 50:14practise. So again, IQ is important, EQ is
- 50:18important, but TQ is equally important, if not probably more
- 50:23important because chances are at the MOLA if you are considered
- 50:26for the CFO position in company X, you have already demonstrated
- 50:30high degree of IQ EQ already. Now the question is can you do
- 50:34the TQ on top? That is very, very important.
- 50:39And of course, I think bringing it back to what I say outside of
- 50:44the leadership, let's talk about real life scenarios, right?
- 50:48Amelia wanted to host a webinar, but the tool couldn't deliver.
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- 51:04You've been a tough guy in the UK, doesn't transition to you
- 51:10being a tough guy in South Africa or in Nigeria or in the
- 51:14US for example, right? So same thing with
- 51:18organisations, right? You being a high performer
- 51:21software does not mean that you would necessarily, you know,
- 51:24just come in and plug and play. But I think a lot of people do
- 51:28not realise that they come and I think it's probably like a
- 51:32mindset thing. So what would you say in terms
- 51:35of adjusting the mindset because of being a lot of people don't
- 51:41realise this about me. I used to be, did I say teacher?
- 51:46I used to be a lecturer for professional students, right?
- 51:49So I've trained a lot of Chartered Accountants.
- 51:51I've treated thousands of Chartered Accountants, right?
- 51:53Recently, a post on LinkedIn was what reminded me of my past life
- 51:57that oh wow, you used to lecture, you used to train
- 52:00Chartered Accountants, right? But it's interesting to see how
- 52:06from the people that I trained, people who had a finance
- 52:11background, right tend to underperform compared to people
- 52:18without a finance background. And when I had a seat back to
- 52:21think about it, it's mostly because the guys without a
- 52:25finance background come with the mentality of I need to play
- 52:28catch up. I don't know this thing, I need
- 52:32to know it, but a lot of the guys with the finance or admin
- 52:36or management background, they come with the ideology of I know
- 52:39it's what I know already, but they now get outperformed right
- 52:45by the people without a finance background.
- 52:47So I'd like for you to to to shed some light on that.
- 52:51So two things come up for me. I mean, firstly, and that's,
- 52:56that's the easy of the two. So let's get that out of the
- 53:00way. Every organisation has their own
- 53:03beliefs, sometimes not even captured anywhere.
- 53:06And so I can tell you when I used to work for British
- 53:11American Tobacco BAT, the most GM/CEO appointments were made of
- 53:19leaders who had a marketing background.
- 53:21And you may say that's right or that's wrong, but the reality
- 53:24was that more than 65% of all GM/CEO appointments were made of
- 53:31former managing directors, sorry, made of a marketing
- 53:35directors. And it was never a written rule
- 53:38anywhere. We never considered that to be
- 53:40the norm. The reality was though, that
- 53:43that was where the most appointments were made from.
- 53:46Now Fast forward to Vodafone where I worked with the group
- 53:50CFO and then the finest leadership team and the 27,000
- 53:54finest leaders all around the world in 24 markets.
- 53:56Most of our GMs and CEOs were former FDS and CFOs, right?
- 54:03Again, it was one of these organisational beliefs that
- 54:06wasn't captured anywhere. And nobody said, oh, but I will
- 54:09not accept this GM appointment if he or she does not have a
- 54:13finance background. But these are the beliefs that
- 54:16sometimes colour our decision making right, whether we like to
- 54:21admit it or not. So that's the first thing I want
- 54:23to say. So what you said, I can't
- 54:25universally say that's true or not true.
- 54:28I just don't have a big enough sample size to be able to say,
- 54:30yes, people with the finest background outperform the other
- 54:33peers. What I can say though is what
- 54:36you said initially, which is when I describe the most common
- 54:40executive transition challenges, and I cite 12 in my book, I
- 54:45speak about challenges like the new organisation challenge,
- 54:48right? If you have been appointed in a
- 54:51new company, that's already one transition challenge you need to
- 54:55take care of. The second one is the big
- 54:57promotion challenge. If you have never been ACFO
- 55:00before, you may have been a head of finance or a finance target,
- 55:03but never AC suite finance executive.
- 55:06That's already your second transition challenge.
- 55:10The third one is the leading former peers challenge, meaning
- 55:15or you would just appear to all these people for whatever
- 55:19reason, the company has decided that you are now the PAC leader.
- 55:22And that in itself creates a whole different level of dynamic
- 55:27with all of your peers because guess what?
- 55:31That's what you have to live up with up to right now.
- 55:34The 4th 1 is what Michael Watkins very politically
- 55:38correctly refers to as the Corporate Diplomacy Challenge,
- 55:42which I think is a nice word for what I call politics.
- 55:45Again, no company likes to admit that this thing called politics
- 55:49exists in their company. It's always some competitors
- 55:52problem there, but the reality is, and I've seen that first
- 55:55hand, as soon as you move from a country position into a regional
- 55:59or into the global head office role, which I have done multiple
- 56:02times over, you get to be exposed to a high degree of
- 56:08politics. And if you cannot deal with
- 56:10that, well guess what? That's why it's one of your
- 56:13transition challenges to overcome.
- 56:15The fifth one is what you referred to as the international
- 56:18move challenge. I moved from Germany to the
- 56:21German speaking part of Switzerland and you could argue
- 56:24it's pretty much the same thing. The reality is if you were to
- 56:28move from Dublin to London, although technically all these
- 56:33are English speaking kind of cities and countries, the
- 56:35reality is you will face a very different cultural challenge.
- 56:38The 6th 1 is the turn around challenge, meaning you have
- 56:43always been the captain of ships that have had sunshine and
- 56:48steady, you know, performance. Suddenly you have to deal with a
- 56:53ship that is about to sink or hit the iceberg.
- 56:56And so the question is can you do that as well?
- 56:58You know, in German, we say to them, shouldn't better capitate,
- 57:01meaning nice weather captains who have always been riding the
- 57:06the waves somehow, you know, through luck or whatever
- 57:09circumstances. But now that the ship is about
- 57:12to hit the iceberg, do they have what it takes to stir the ship
- 57:15away from disaster? The 7th 1, which is 1.
- 57:18I have faced myself oftentimes. I've been headhunted many times
- 57:22in my career and often times the mandate that I was given was to
- 57:27make sure that I repositioned the HR function towards what the
- 57:32company expects of the HR leaders.
- 57:34Meaning I had to realign the HR function around more commercial
- 57:38targets or more closely with the business goals.
- 57:41And the last one out of the 12, the top 8 is the so-called
- 57:46business portfolio challenge. Think of Walt Disney as one of
- 57:50these examples. Walt Disney, the biggest revenue
- 57:53and profitability driver for them is the theme parks, a fish.
- 57:57They have, I don't know, 8 or so around the world, but they also
- 58:00have an IPTV proposition, which is called Disney Plus.
- 58:04But they also have merchandising articles, which is like, you
- 58:07know, mugs and and and and cups and toys and what have you.
- 58:11Now managing an enterprise that has all these various businesses
- 58:15underneath is a whole different complexity.
- 58:20And so these are just eight of the transition challenges I
- 58:24wanted to share with you office. You touched upon one or two.
- 58:27And what really gets those executives to fail 40% of the
- 58:30time at the moolah is the fact that it's a stacking of these
- 58:35challenges at the same appointment level.
- 58:39So if I use my own little example, when I was hired by
- 58:42Rush to move from Germany as a HRD for Europe to become the
- 58:48global head of HR for HR and Communications, that meant that
- 58:52I was faced with five transition challenges all at the same time.
- 58:57I had the new organisation challenge.
- 58:59Rush was a new company. I had never worked for them
- 59:01before. Actually, if I wanted to add
- 59:04another one, it was a new industry.
- 59:05I'd never worked for pharmaceuticals before.
- 59:08Then. I had the big promotion
- 59:09challenge. It was the first global role
- 59:11that I was hiding to. I suddenly had 140 country
- 59:15footprint to work with, not 8 European countries that were
- 59:18almost in the same time zone anymore.
- 59:20I also have to face and deal with the corporate diplomacy
- 59:24challenge or the politics. Because I was working out of
- 59:26Basel, which was the global headquarters.
- 59:29I also had to work with the International Move Challenge,
- 59:33which was something I had experienced before, but not
- 59:35quite in the same level because Switzerland was new for me as a
- 59:38new destination. And last but not least, they
- 59:41created the position as a new position and hired me into.
- 59:44Which means that although I did mention that that was a new
- 59:47challenge for me because I had to own my space, that was newly
- 59:51created space for me and for the position, which meant that some
- 59:55of the established HRDS who didn't want to let go of their
- 59:58beloved projects and their beloved budget.
- 1:00:01I had to force my way into those and, and, and get those to be
- 1:00:05transferred to me because that was part of my new remit.
- 1:00:08So you see how it's like you want to eat a burger that has
- 1:00:12five patties and you're trying to eat this thing all at the
- 1:00:15same time. And of course, the more you
- 1:00:18start to stack up, the more challenging and tricky it
- 1:00:21becomes. Amazing.
- 1:00:24Like at this point I feel I feel really envious for the audience.
- 1:00:29Of course we have delivered a lot of value today.
- 1:00:34But why are you speaking about those transitions?
- 1:00:37You know, especially from a regional role to a global role,
- 1:00:41right? But I think within the last two
- 1:00:43months we had the ex president of Coca-Cola International,
- 1:00:50Ahmed Boza on the podcast, right?
- 1:00:53And he was ACFO before he was made president.
- 1:00:59I think, you know, American companies called the CEO's
- 1:01:01president, but he spoke about that transition from the CFO
- 1:01:07role to the president role and spoke about the transition from
- 1:01:14regional roles to now the international roles.
- 1:01:17But one thing that really stuck for me from his, from that
- 1:01:23conversation with him moving from the CFO role to the CEO
- 1:01:27role was being a CFO, you're more buried in the numbers,
- 1:01:32you're more buried in the technical details.
- 1:01:34But moving to that CEO role, he now had to be more of a people
- 1:01:41leader, right? So I'd like for you to speak to
- 1:01:45that transition from, you know, one level of C streets to
- 1:01:49another level, especially, you know, if you're probably moving
- 1:01:53from the CMO to the CEO or CFO to CEO, we really don't see how
- 1:01:59it affects these individuals, right?
- 1:02:02You it's more like you're moving from a specialist role to a
- 1:02:05generalist role. So what are the guard rails that
- 1:02:09help with executive success? Right?
- 1:02:12Making those transitions, yes. So the short answer is the
- 1:02:16double diamond framework is what I would recommend that
- 1:02:19particular executive to also utilise, ideally with someone
- 1:02:23like myself or one of the 72 coaches I've trained because
- 1:02:26that really gives them the highest degree of a success.
- 1:02:29Now if I wanted to unpack maybe one or two additional tools, one
- 1:02:34of them is not based on empirical research.
- 1:02:37You know, my book is very well researched.
- 1:02:38I spent five years just researching the topic.
- 1:02:41I have 156 citations in my book, so the appendix is 22 pages
- 1:02:46long. This particular framework is
- 1:02:49something that I have created on my own without necessarily
- 1:02:53basing it on an empirical framework.
- 1:02:56It's, it's based on my humble experience of and the sample
- 1:03:00size of 350 executives I have coached in the last 14 years now
- 1:03:06in the last 12 years. So I called them the six
- 1:03:10essential qualities of extraordinary leaders, OK.
- 1:03:14And for this particular CFO switching into the CEO role,
- 1:03:19these are the six qualities I would want them to consider and
- 1:03:25rank themselves on a spider web to say what is my current state
- 1:03:30as a leader, honest assessment and what is my desired state as
- 1:03:35a, as an incoming international CEO.
- 1:03:38So that the first two are having the confidence and a high degree
- 1:03:43of self-awareness. OK, I won't mention any
- 1:03:46particular names, but there are many very famous walled
- 1:03:50politicians who have a tonne of confidence but aren't
- 1:03:54necessarily very good in taking a look.
- 1:03:56And the hard look in the mirror to determine is any of what I'm
- 1:04:00saying actually landing with my audience or is it a bit too
- 1:04:04much? So these two out of the six help
- 1:04:07the leader to expand their identity.
- 1:04:10I call that self leadership. OK, the next two are being
- 1:04:15connected. Imagine a Wi-Fi signal and being
- 1:04:19an, an inspiring leader. And again, I know many leaders
- 1:04:23who have a tonne of inspirational leadership.
- 1:04:26They go on a big stage and they, they make the, the, the most
- 1:04:29incredible speeches, but they fail to speak to the individual
- 1:04:33that is swiping the floors late in the evening in their office
- 1:04:36because they just don't know what to say or how to connect
- 1:04:39with that level of individual. So it's the combination of the
- 1:04:42two that enhances the impact of that executive.
- 1:04:46And I call these two the combination of two team
- 1:04:49leadership. And that brings me to the last
- 1:04:52two qualities of extraordinary leaders.
- 1:04:55The fifth one is courage and the 6th 1 is clarity.
- 1:05:00Again, stereotypical. I know a lot of executives who
- 1:05:04have a tonne of courage. Let's go, go, go, go, go, but do
- 1:05:09not necessarily provide the necessary clarity around why we
- 1:05:14are going this direction. What is the what's in it for
- 1:05:17everyone, not just for me or for the board, if we were all to
- 1:05:22rally behind this one mission and and really achieve this
- 1:05:25target here. So it's a combination of the two
- 1:05:28that elevates the results of an executive leader.
- 1:05:31And I call these two business leadership.
- 1:05:33So to sum it up, it's about being confident, self aware,
- 1:05:37connected, inspiring, courageous, and having the
- 1:05:41clarity to make sure that you align yourself leadership with
- 1:05:45team leadership, with business leadership so that you can
- 1:05:48expand your identity, enhance your impact and elevate results.
- 1:05:53And that's one particular toolkit is something that I can
- 1:05:57work with a leader, for instance, also to do a
- 1:06:00qualitative 360 interview with people that are the boss, their
- 1:06:05peers and the dark reports to gather their meaningful input
- 1:06:09and wise I download that for the leader.
- 1:06:11They will then do the self-assessment as to what is
- 1:06:14the current state of mine when I look at these six qualities and
- 1:06:19what is my desire to be. And that then becomes our road
- 1:06:22map for success. Amazing.
- 1:06:25But behind the courageous faces in public, right?
- 1:06:30We know that a lot of leaders struggle with the imposter
- 1:06:35syndrome at the highest of levels, but unfortunately, the
- 1:06:39stakes are the highest. So how?
- 1:06:42What's your recommendation for how to deal with imposter
- 1:06:46syndrome? Yeah, I mean, look, I, I think,
- 1:06:51and I do just briefly allude to this in in my book, right.
- 1:06:58I speak about the imposter syndrome in, in my book very
- 1:07:02briefly, because I really, again, I, I'm not a
- 1:07:05psychologist, I'm not a psychotherapist.
- 1:07:07I do not claim to know too much about the topic.
- 1:07:13What I can say, though, is that a lot more executives than they
- 1:07:19would admit actually have faced impostor syndrome, right?
- 1:07:24That's the real truth. I cite a particular study that
- 1:07:28looks at what is the actual percentage, right, of leaders
- 1:07:32and people who have cited that they have come across this
- 1:07:36phenomenon previously in some form or shape.
- 1:07:41And it's it's quite shocking because that number is 70%.
- 1:07:46So 7 out of 10 people have experienced these feelings at
- 1:07:50some point in their lives. And I cite the International
- 1:07:54Journal of Behavioural Science from 2011 here.
- 1:07:57And so why is I say that? Yeah, I mean, you know, impostor
- 1:08:02syndrome can be a challenge and can stand in the way of the
- 1:08:07leader and their mission and probably what whatever is the
- 1:08:12the success that they want to achieve.
- 1:08:15But we also need to bear in mind that there are real upsides of
- 1:08:21impostor syndrome. And again, I think that that's
- 1:08:24sometimes neglected or unexplored, but there are some
- 1:08:28real benefits to be had if, you know, you wanted to look at that
- 1:08:33as an actual upside. And I think there are scholars
- 1:08:37more famous than I am and more deep on the matter that have
- 1:08:42pointed out those upsides of coming across and facing
- 1:08:46impostor syndrome. And some of them are things like
- 1:08:50because you are so worried that you may not perform right, which
- 1:08:55is a real thing if you have impostor syndrome, you over and
- 1:08:59over prepare for whatever you are going to do.
- 1:09:02So if it's a keynote presentation, you really want to
- 1:09:05make sure that you have researched the topic and you
- 1:09:08have taken enough attempts with your family and friends to
- 1:09:13really get comfortable and a little more confident at
- 1:09:17presenting this topic. If it's about, you know, meeting
- 1:09:21and attending in meeting boardrooms and so on, you are
- 1:09:25more likely. If you're not quite a confident
- 1:09:28in your contributions yet, you may reach out to someone who is
- 1:09:32more senior than you are in the same boardroom and ask them to
- 1:09:37give you proper feedback on the back end of each meeting.
- 1:09:41Meaning again, you are taking very valuable feedback on board.
- 1:09:45And not only that, but you're actually listening for
- 1:09:49improvement suggestions here, and you are not dismissing the
- 1:09:52feedback because you think you're above it all anyway.
- 1:09:55And what, what, what really is there for you to improve on?
- 1:09:59And so there are real reasons. And this is actually called as
- 1:10:02the Dunning Kruger inverse, which means that sometimes
- 1:10:06competence correlates with doubts and that doubt drives the
- 1:10:11behaviour that compounds into more competence.
- 1:10:14So for me, I want to take it out of this imposter kind of title
- 1:10:20and bring it to humility, right? I mean, this is one of the
- 1:10:23profound things that I learned from one of my mentors.
- 1:10:26His name is Doctor Marshall Goldsmith, who said that, you
- 1:10:29know, he was in a conversation with a particular leader and he
- 1:10:33asked the leader, what is your development edge?
- 1:10:35What, what topic would you like to develop on?
- 1:10:37And the leader actually turned around and told him, look, I'm,
- 1:10:40I'm complete. There's nothing left for me to
- 1:10:43improve on. And this is where Marshall said,
- 1:10:46may ioffer you a humble suggestion.
- 1:10:48He said, sure, yeah, go ahead. And he said, how about humility,
- 1:10:51right? Because for me that that seems
- 1:10:53to be a development area to you. So humility is a learning
- 1:10:58posture and certainty is not, which is one of the reasons if
- 1:11:04you look at the research that's been conducted by a doctor,
- 1:11:07Robert Hogan, the founder of Hogan Assessment Systems, is
- 1:11:11that if you look at CEO performance over a longer time
- 1:11:14period and you look at the total shareholder return, the CEOs
- 1:11:18that have demonstrated humility are outperforming their peers
- 1:11:22who have demonstrated a lot of charisma or charismatic
- 1:11:26leadership. This is.
- 1:11:28Really amazing. And you know, I love that
- 1:11:30correlation between confidence, sorry, competence and doubt,
- 1:11:35right? But for me, I believe that
- 1:11:41confidence comes with competence.
- 1:11:44So I don't know if you agree with that.
- 1:11:46Of course, the more competent you are, the more confident you
- 1:11:49become. But I also love that humility
- 1:11:54that you spoke about, right? Because humility actually helps
- 1:11:59you to have, or would I say helps you to become teachable.
- 1:12:03And the moment you stop being teachable, it puts a ceiling on
- 1:12:07your growth, right? But a lot of people don't talk
- 1:12:12about the mindsets. And on this forecast, we have a
- 1:12:16philosophy, mindset, skill set, tool set.
- 1:12:20That is, before we collaborate with anybody, we want to
- 1:12:25evaluate where is your mindset art.
- 1:12:26All right, but believe that for you to be successful at
- 1:12:30anything, right, you need to first of all, have the right
- 1:12:33mindset, then develop the right skill sets, then adopt the right
- 1:12:37tool set, then you can actually achieve success.
- 1:12:41So while Speaking of the mindset on the pressure, right, you
- 1:12:44talked about the fair weather captains.
- 1:12:46It's very easy to to achieve success on the, you know,
- 1:12:50Clemence weather conditions, right?
- 1:12:52But what role does mindset play when you're navigating
- 1:12:56uncertainty, restructuring organisational politics by
- 1:13:00contingencies? What role does mindset play?
- 1:13:04You know when you're under pressure.
- 1:13:07Yes, and actually I wasn't quite successful trying to explain
- 1:13:11that. I think you and I are saying the
- 1:13:12same thing. So the honest version is.
- 1:13:14But when I look at, you know, someone even coming to me with
- 1:13:17the imposter syndrome as one of the issues they want to
- 1:13:20overcome. Feeling like a fraud is often a
- 1:13:24feature, not a bug. OK.
- 1:13:27Which means that you only feel like an imposter when you're in
- 1:13:31a room, when you feel that you're stretched to get into.
- 1:13:36So people who feel perfectly entitled to where they are
- 1:13:39usually, in my opinion, aren't growing, right.
- 1:13:43So the discomfort is the tax on operating above your previous
- 1:13:47levels or above your what, what you thought to be your
- 1:13:50competence levels, right? Which also means that again, if
- 1:13:54I wanted to look at it that way, imposter syndrome tends to make
- 1:13:58people better at the thing that they are insecure about, which
- 1:14:03means that they tend to over prepare, they tend to double
- 1:14:06check, they listen harder in meetings and with, you know,
- 1:14:11taking feedbacks more seriously instead of dismissing it and
- 1:14:15saying, well, I'm a complete product, look at me right, what
- 1:14:18more can I possibly learn? And this is where the Dunninger
- 1:14:22Kruger inverse is. Real competence correlates with
- 1:14:27doubt, and that doubt drives the behaviours that compound into
- 1:14:32more competence, which also means that humility is a
- 1:14:35learning posture and certainty or competence per SE is not.
- 1:14:41It also keeps you decent to other people.
- 1:14:43Let's face it, if you have some degree of impostor syndrome, you
- 1:14:48tend to read the room, you tend to assume others you know know
- 1:14:52things that you don't and avoid the kind of confident, you know,
- 1:14:56steam steamrolling that wrecks teams and conversations.
- 1:15:00And so again, for me, it's not a good or bad thing.
- 1:15:05You can look at it through different lenses.
- 1:15:08But yeah, of course mindset plays a big part because if if
- 1:15:11you had that, you know, a grotesque mindset that you're a
- 1:15:15complete product, well then then you have done, you have outdone
- 1:15:18your learning curve that there's nothing really you can learn.
- 1:15:21And that in itself is is not a good sign.
- 1:15:24Amazing. So have you actually seen AI and
- 1:15:29digital transformation increase leadership pressure for
- 1:15:33executives and how should they respond?
- 1:15:37Of course, I mean, it's another one of those unknowns if you are
- 1:15:41not a deep technical expert and and everyone is looking at you
- 1:15:45to come up with the brilliant solutions that you know, they're
- 1:15:49also waiting for it. But for me, again, it's not
- 1:15:51necessarily about having the deep technical competence.
- 1:15:55I mean, if every executive had to develop deep technical
- 1:15:58competence on every trend that comes the way they, they would
- 1:16:02never finish their learning and they would still be stuck in
- 1:16:05some formal university degree and training.
- 1:16:08So again, it, it comes back to what I said before, which is,
- 1:16:11you know, if you are open enough, if you have a learning
- 1:16:16curve where you don't consider yourself to have all the answers
- 1:16:19to all the questions that are coming your way.
- 1:16:21If you work with people who do are deep subject matter experts
- 1:16:27and help you to prepare those decisions in a more meaningful
- 1:16:31way, that's all you need to do. And of course, you, you know, as
- 1:16:34we say, you need to start drinking your own champagne.
- 1:16:37I mean, how many times have I seen that in HR where we, you
- 1:16:41know, some of the better initiatives that we rolled out,
- 1:16:44whether it was an ERP implementation or something
- 1:16:46technologically related. You, you experiment with it
- 1:16:50first with your own population before you start to roll it out
- 1:16:53into the wider organisation. And those critical learnings
- 1:16:57must be embedded in the final rollout of the tool or whatever
- 1:17:01the solution is before you do that.
- 1:17:04Wow, interesting. So when I look at the data in
- 1:17:08terms of the demographics of this forecast, we have a highly
- 1:17:14educated audience for Refonique. I think I saw that more than 40%
- 1:17:20of the leasters of this forecast have more than a first degree
- 1:17:26and I think about more than 20, about 20%, they're about have a
- 1:17:32master's degree or higher now. But that means that we, we have
- 1:17:38an audience that is predominantly made-up of
- 1:17:41professionals and entrepreneurs. So I'd like for you to speak to
- 1:17:46the founders, to the entrepreneurs, right?
- 1:17:48What can they learn from these corporate executive transitions
- 1:17:54that we have been talking about? Like what are the transferable
- 1:17:57skills, right that they can learn from in terms of
- 1:18:02transitions that can actually help them to save years of
- 1:18:06costly mistakes? Yeah.
- 1:18:08I mean, look, if they are leading organisations that are
- 1:18:12large enough to have executives hired and working for them, well
- 1:18:17then the topic applies to them universally, right?
- 1:18:20It's the same thing. And if they haven't quite
- 1:18:23reached that level yet, my advice to them is, and this may
- 1:18:26be a punchline for you, invest in preparedness, not in
- 1:18:30prediction. That is my ultimate kind of key
- 1:18:34takeaway that I want to share with them.
- 1:18:37And, and again, Adam, what I really enjoyed our conversation
- 1:18:41and I really hope that this was what you had in mind when you
- 1:18:44reached out and said, let's, let's have a have a podcast
- 1:18:46recording together. Oh, wow, amazing, amazing.
- 1:18:50And of course, you know, we had the number one, number one
- 1:18:53feature is #1 ranked features in the world on the podcast a few
- 1:18:59weeks ago. And it's like you guys are
- 1:19:02saying the same thing. She talked about preparedness
- 1:19:06instead of predictions. And this is the number one
- 1:19:09futurist in the world. Futurists are known for
- 1:19:11predicting future trends, right? So preparedness is actually very
- 1:19:17important. And of course, you know, we
- 1:19:18appreciate that. So before we let you go, I
- 1:19:22definitely we need to do a part to you because we, we've had a
- 1:19:26lot to to speak about. And of course, we have a lot of
- 1:19:28value to still provide to the audience, right?
- 1:19:32So before we let you go, we we do have a tradition, right?
- 1:19:36Like you tell me what name you would like to see on the
- 1:19:40podcast. I mean, one name I can recommend
- 1:19:43to you because I found him quite interesting is a gentleman
- 1:19:46called David Pope and he's a communications and presence
- 1:19:53trainer and guru. So if you if if you have an
- 1:19:57audience that is interested in how they can enhance the
- 1:19:59presence and the voice and the whole thing, I think that's
- 1:20:03that's going to make for a very interesting conversation.
- 1:20:07Wow, interesting. So you know the guy, you can
- 1:20:09invite him. So what guy should should should
- 1:20:11I invite? Give me a name to.
- 1:20:13Invite. Yeah.
- 1:20:14David Pope. I know him.
- 1:20:15Yeah. I'm happy to make an
- 1:20:17introduction on your behalf. OK, amazing.
- 1:20:20But what guy is it that you don't know?
- 1:20:22That you think I should reach out to you?
- 1:20:25That I don't know. Well, maybe some deep AI expert,
- 1:20:31someone who has been in the machine room training those
- 1:20:35algorithms on what they are capable of that you know, may or
- 1:20:41may not be as as known as Sam Oldman or someone of that
- 1:20:45nature. Oh wow, interesting.
- 1:20:47You know what? I have had somebody that fits
- 1:20:50that same description on the broadcast and they leave in your
- 1:20:54neck of the woods. So I think I might make an
- 1:20:57introduction. His name is Doctor Elias Meno,
- 1:21:00very, very brilliant Russian, Polish AI experts.
- 1:21:06I think you, you'd, you'd love that introduction.
- 1:21:10Please just remind me after the port.
- 1:21:12So quick fire route questions, right?
- 1:21:15So quick questions. Just give me the quickest answer
- 1:21:18you can give me. So #1 would be what is your best
- 1:21:23leadership book? Yeah, it's a it's a it's not a
- 1:21:26new book, but I loved reading that book.
- 1:21:28It's called the Coaching Habit by Michael Bunge Stanier.
- 1:21:32What I loved about the book is it's written for a non coach
- 1:21:35audience. And so this book really teaches
- 1:21:38you as a leader, as a line manager, if you wanted to use
- 1:21:42the instrument of coaching more often without necessarily
- 1:21:45training to become a coach. The Coaching Habit is your must
- 1:21:49read book. The coaching habit by.
- 1:21:53Michael Bunge's tenure. Thank you.
- 1:21:56What would you say is the most underrated?
- 1:21:58Skill. The most underrated executive
- 1:22:01skill. Humility.
- 1:22:05Amazing humility. I knew it had to be a soft
- 1:22:08skill. So AI, do you see it as an
- 1:22:12opportunity or as a trek? Where does AI see it in the
- 1:22:17analysis on boards? Can be both, depending on your
- 1:22:22worldview and your attitude towards technology innovations.
- 1:22:27OK, so #4 is what is the biggest leadership myth that you
- 1:22:34disagree with? The 1st 90 days is enough to on
- 1:22:38board at the executive level. OK.
- 1:22:41And of course, last but not the least, what is one word for
- 1:22:45leadership? That is one word that defines
- 1:22:47great leadership, and why that's word is above the authors.
- 1:22:52Wow. I mean, for me, it would be,
- 1:22:57unsurprisingly, TQ or transition intelligence that that for me
- 1:23:01really defines the cream of the crop.
- 1:23:04Because again, you could have done this several times over,
- 1:23:07not exactly knowing how and why you were successful before.
- 1:23:10But if you're able to articulate that, if you're able to be an
- 1:23:15inspiration to your peers, be a mentor to others who want to,
- 1:23:19you know, learn more about this and how they can be more
- 1:23:21successful, that for me, is the real ultimate leadership
- 1:23:25quality, I guess. I'm basin I do not disagree with
- 1:23:31you from me to you, it's a very big thank you.
- 1:23:34I always say it is that gratitude is good attitude and
- 1:23:37when a person shares their time with you, they share their life
- 1:23:39with you because the SI unit measuring life this time.
- 1:23:43So love and massive respect to you for joining us today for the
- 1:23:48insides, you know, gives you wealth of knowledge that you
- 1:23:52shared today, right? It is super, super amazing.
- 1:23:55And of course, to the audience, right, guys, do not forget to
- 1:23:58subscribe, share, like, you know, comment support and also
- 1:24:04always go for something in your life.
- 1:24:06Conceive, believe, strive to thrive and of course, go
- 1:24:09achieve. For me, it's goodbye.
- 1:24:11And of course, back to Naveed. Do you have any final words
- 1:24:14before you leave us today? No, just to say thank you for
- 1:24:19having me on your show and that I can't wait to get my hand on
- 1:24:23the actual episode. Oh.
- 1:24:25Wow, it's just coming to you soon.
- 1:24:28OK. Bye, guys.