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This issue we asked Allan Martin, the CEO of
Mortgage Contracting Services, to share lessons he
learned about the selection and development of
leaders during a major transition in his company. He
explains "The QB Factor."
| The QB Factor |
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The QB Factor: Developing Leaders
Who Are Effective in Significant
Change
by Allan Martin, Chief Executive
Officer, Mortgage Contracting Services
Everyone understands the critical
role determination plays in winning when it comes to
sports. Joe Montana bringing home the 1982 NFC
championship over the Cowboys by throwing a pass
with laser-like accuracy to Dwight Clark in the back
of the end zone on the last play of the game (“The
Catch”), to Doug Flutie throwing the touchdown pass
to Gerard Phalen as time expired to beat Miami in
that famous 1984 game, to Kerri Strug bringing home
the 1996 Olympic Gold Medal in gymnastics – though
winning it meant she had to execute her final vault
with an ankle that was so severely sprained she
could put no weight on it and had to be carried off
following her landing. What did these winners all have
in common? Though Strug was not a football player, I
think of these attributes as “quarterbacking skills.”
What are the most critical attributes to select for
and develop in your leaders and your people? As the
CEO of a property preservation company that has
undergone significant changes
recently, “quarterbacking skills” now tops list of
critical attributes I look for and work to develop in
my leaders. By quarterbacking skills, I mean the
ability and grit to:
- Accurately assess what is happening on the
field
- Focus on the play and never ever flinch—though
you can hear the defensive lineman pounding your
way
- Fully engage others and let others make the
play
- Communicate effectively
- Know when you need help, then get it
- Show Grit: Courage and Resilience
The Situation
Mortgage Contracting Services was purchased eight
months ago by a group of management and private
equity investors. Of course, the sale of a business is
almost always disruptive and we encountered the
typical challenges:
- Management and employees were pulled from
their traditional roles into the sales transaction
process so operations felt the impact of that loss of
focus.
- During the ownership transition our people felt
some anxiety about their future, how success would
now be assessed, etc.; our operating and financial
performance regressed briefly as a result.
- Roles and responsibilities shifted, so there were
some internal relationships that required additional
attention and care.
Critical Leadership Skills for Thriving In
Change
Eight months following the ownership change, MCS is
operating effectively. The company’s operating and
financial performance have returned to more
normalized levels. We appear to have persevered
through a period of difficult change and look forward
to our next challenges. Our success is due, in no
small part, to those leaders who consistently
demonstrate these attributes:
(continued)
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| Quotes |
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They must often change, who would be
constant in happiness or wisdom.
- Confucius
The world hates change, yet it is the only thing that
has brought progress.
- Charles Kettering
When at some future date the high court of history
sits in judgment on each one of us--our success or
failure, in whatever office we may hold, will be
measured by the answers to four questions: Were we
truly men of courage? Were we truly men of
judgment? Were we truly men of integrity? Were we
truly men of dedication?
- John F. Kennedy
A prudent question is one-half of wisdom.
- Francis Bacon
Be quick to learn and wise to know.
- George Burns
Why a four-year-old child could understand this
report. Run out and find me a four-year-old child. I
can't make head nor tail out of it.
- Groucho Marx
No man goes before his time - unless the boss leaves
early. - Groucho Marx
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| What's New at DiamondWinds? |
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A message from Lynne Key and Tom Dambly
If you’ve watched the 2006 Winter Games this year,
you’ve seen the spirit of winners (the QB Factor)
carry individuals through tough circumstances to the
medal stand. Shaun White, the red-haired U.S. gold
medalist in snowboarding, stumbled in the halfpipe
semi-finals, when he caught the deck on a backside
900. In spite of that mistake, when the “Flying
Tomato” was poised for his final run, mistakes and
fumbles were the furthest thing from his mind.
White’s question to his coach was “What should I do
when I win? Should I ride straight down the middle
with the flag?” White was wholly focused on the win.
Winners, whether in the corporate or sports world,
expect challenges and lessons learned—especially
during big opportunities like the Olympics or
corporate transitions. That dynamic of transition and
challenge is very nearly immutable. You just can’t
have one without the other.
Of course, some challenges are predictable and can
be planned for; others just seem to pop up
unexpectedly. Shaun White, who is known for
his “unrivaled mental determination,” relies on his
coaches to provide perspective and guidance. In the
corporate world, an outside observer—one who is not
involved in the day to day stresses and the minutiae
of internal operations—can provide perspective and
spot the unexpected before real problems develop.
It’s one of the services DiamondWinds can provide to
help you reach your goals.
DiamondWinds—because trust is the point.
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Notable Numbers |
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Everyone knows the door is there. But
when do people use it? And why?
- 63% =
the percentage of all employee
turnover
that
begins with what the employee perceives as a
shocking or jarring event.
--Dr. Thomas Lee at the University of Washington.
- 70% =
the percentage of managers who
believe
that employees leave for more money.
--Vicki Gerson, 2003
- 88% =
the percentage of employees that
say
they
leave for reasons other than money.
--Vicki Gerson, 2003
- 71% =
the percentage of new applicants
who
say
they left their last organization because of the
culture.
--Insightlink.com
- 22% =
the percentage of employee annual
turnover for companies in the
Southeast. --Nobscott.com
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