Truist Leadership Institute Magazine, Issue 2, 2021
The Truist Leadership Institute magazine, issue 2 of 2021, focusing on change.
The Truist Leadership Institute magazine, issue 2 of 2021, focusing on change.
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<strong>Magazine</strong><br />
<strong>Issue</strong> 2, <strong>2021</strong> | Discover your change style p12 | Myths about change p24 | The benefits and value of Conscious <strong>Leadership</strong>+ p44<br />
The Psychology of Better Business TM
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Change is<br />
important–and<br />
everywhere<br />
t’s time to talk about change.<br />
This issue tackles the topic from<br />
a number of angles: What happens in the<br />
brain during the change process (page 18),<br />
what leaders need to know about changes in<br />
employee expectations (page 16), common<br />
misconceptions about behavior change (page<br />
24), and more. As you’ll see, it takes ongoing<br />
practice and commitment to develop the<br />
awareness needed to lead through change—<br />
practice and commitment that is crucial for<br />
leaders who want to uncover opportunities<br />
for growth and success for themselves, their<br />
employees, and their organizations.<br />
Change management takes practice<br />
because it’s hard. But change is necessary if<br />
you want exciting new things to happen.<br />
Speaking of exciting new things: In September <strong>2021</strong>, Bill Rogers became the<br />
chief executive officer of <strong>Truist</strong> Financial Corporation, our parent organization.<br />
This is an exciting time for our company. The transition has been seamless, and<br />
Bill’s leadership will help carry forward our purpose, mission, and values. In fact,<br />
the change gave us the opportunity to reaffirm our purpose as an organization:<br />
To inspire and build better lives and communities. At <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>,<br />
we do this by supporting the creation of stronger leadership that can help<br />
individuals, organizations, and communities succeed. I‘m proud to say that we<br />
are a purpose-driven organization—and that’s one thing that won’t change.<br />
I hope you enjoy the issue and find it useful in your leadership role, whatever<br />
that may be. Happy reading,<br />
Will Sutton<br />
President & Director<br />
<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
The Psychology of Better Business <br />
<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
Will Sutton<br />
President & Director<br />
Steve Swavely, Ph.D.<br />
Director of Client Solutions<br />
Patrick Gallagher, Ph.D.<br />
Director of Research<br />
Mark Packard<br />
Director of Sales & Marketing<br />
Anna Slaydon<br />
Sales & Product Delivery Specialist<br />
Bill Rogers<br />
Chief Executive Officer,<br />
<strong>Truist</strong> Financial Corporation<br />
Kelly S. King<br />
Executive Chairman,<br />
<strong>Truist</strong> Financial Corporation<br />
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2 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong>
Table of contents<br />
Your goals,<br />
our expertise.<br />
Go to truistleadership<br />
institute.com to learn<br />
about available offerings.<br />
Safe, in-person programs<br />
are resuming at the<br />
Kelly S. King Center<br />
in Greensboro,<br />
North Carolina.<br />
Other people might be the best sources for<br />
finding out how to improve yourself. But you need to<br />
provide psychological safety to hear from them.”<br />
—Patrick Gallagher, Ph.D., <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
Front of book<br />
Letter from<br />
<strong>Truist</strong> <strong>Leadership</strong><br />
<strong>Institute</strong> . . . p02<br />
—By Will Sutton<br />
Now streaming . . . p06<br />
The lead<br />
Business-minded . . . p08<br />
—By Sarah Coley, Ph.D.<br />
—Illustration by Dieter Braun<br />
Examining<br />
your leadership . . . p12<br />
—By Steve Swavely, Ph.D.<br />
Leading inclusively . . . p14<br />
—By Charlene McNeil<br />
About talent . . . p16<br />
—By Brian Fiske<br />
Feature articles<br />
Rewiring your brain,<br />
changing your<br />
behavior . . . p18<br />
How behaviors are formed—<br />
and considerations for<br />
leaders interested in creating<br />
change in themselves or<br />
their organizations.<br />
—By Brian Fiske<br />
Dear CEO:<br />
Your listening skills<br />
need work . . . p20<br />
Most leaders have an<br />
opportunitytoimprovetheirlistening<br />
skills—and we<br />
have five ideas to help you<br />
do just that.<br />
—By Eileen Hogan, M.S., Ed.S.<br />
Myths about change . . . p24<br />
Researchers, authors,<br />
executives, and <strong>Truist</strong><br />
<strong>Leadership</strong> <strong>Institute</strong><br />
consultants share the<br />
important lessons<br />
they’ve learned about<br />
organizational change.<br />
—Introduction by<br />
PatrickGallagher,Ph.D.;interviews<br />
by Brian Fiske<br />
—Illustration by<br />
Orlando Hoetzel<br />
Introvert or<br />
extravert? . . . p30<br />
How much does it matter?<br />
—By Karen Sommerfeld<br />
Critical knowledge<br />
Education: Students . . . p34<br />
—By Liz Olech<br />
Problem, solution . . . p36<br />
—By Britta Waller Melton<br />
—Photography by<br />
Patrick Heagney<br />
Research driven . . . p42<br />
—By Patrick Gallagher, Ph.D.<br />
Program insights . . . p44<br />
—By Michael Fuchs<br />
Inspire and build<br />
better lives and<br />
communities . . . p48<br />
—By Kelly S. King<br />
4 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong> <strong>2021</strong> truistleadershipinstitute.com 5
On our podcast<br />
The lead<br />
The <strong>Leadership</strong><br />
Amplitude<br />
podcast from<br />
<strong>Truist</strong> <strong>Leadership</strong><br />
<strong>Institute</strong> is<br />
available on<br />
Apple Podcasts,<br />
Google Podcasts,<br />
Stitcher, and<br />
Spotify.<br />
Want to implement<br />
change in your<br />
organization?<br />
Start with yourself.<br />
In “<strong>Leadership</strong><br />
Amplitude,” a podcast<br />
production of <strong>Truist</strong><br />
<strong>Leadership</strong> <strong>Institute</strong>,<br />
host Anna Slaydon<br />
and guests frequently<br />
offer insights to make it<br />
easier to lead behavior<br />
change in yourself<br />
and in your team.<br />
Most episodes are<br />
30 minutes or less,<br />
and in these brief<br />
listens, you’ll learn<br />
why behavior change<br />
is essential for great<br />
leaders—and how to<br />
implement it.<br />
Want to learn more?<br />
We highly recommend<br />
these recent episodes<br />
about behavior change:<br />
Finding<br />
your purpose<br />
as you change<br />
■ Asking Why<br />
During Change<br />
This four-part “<strong>Leadership</strong><br />
Amplitude” series<br />
features conversations<br />
on feeling accepted and<br />
valued in the workplace.<br />
■ <strong>Leadership</strong><br />
Purpose to<br />
Lead Yourself<br />
Practicing resilience<br />
is key to our mental<br />
and physical health.<br />
A great way to practice<br />
it? By developing a<br />
leadership purpose.<br />
Listen in to understand<br />
how leadership purpose<br />
promotes leadership<br />
success.<br />
How best<br />
to carry out<br />
change<br />
■ Do vs. Be<br />
What’s the difference<br />
between what to do as<br />
a leader and how to be<br />
as a leader? Explore this<br />
important distinction,<br />
why the latter may be<br />
more challenging, and<br />
tips for improving both.<br />
■ Troubleshooting<br />
Your Awareness<br />
On your journey<br />
through change,<br />
you’ll probably hit<br />
some roadblocks.<br />
In this episode, learn<br />
to spot and navigate<br />
awareness pitfalls by<br />
focusing on your team<br />
more than yourself.<br />
■ Self-Evaluation:<br />
Do You Know<br />
How to Be as a<br />
Leader?<br />
Practicing resilience is<br />
key to our mental and<br />
physical health.<br />
A great way to practice<br />
it? By developing a<br />
leadership purpose.<br />
Listen in to understand<br />
how leadership purpose<br />
promotes leadership<br />
success.<br />
Photography: left, FluxFactory/iStock<br />
The Psychology of Better Business TM<br />
6 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong>
Business-minded<br />
By Sarah Coley, Ph.D. | Illustration by Dieter Braun<br />
Where selfawareness<br />
and behavior<br />
change meet<br />
This process takes time, with research showing that it can take up to<br />
254 days for a new behavior to become automatic. This explains why new behaviors might<br />
feel uncomfortable at first.” —Sarah Coley, Ph.D., <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
Understanding<br />
how your brain<br />
works—and<br />
identifying cues<br />
that trigger<br />
your habitual<br />
behaviors—<br />
is the first step<br />
in creating<br />
lasting behavior<br />
change.<br />
he idea that change is difficult is not new—<br />
even early Greek philosophers wrote about it as<br />
a universal constant. No matter how often we’re<br />
faced with shifting priorities or business challenges<br />
that would benefit from a new approach, our brain<br />
continues to push back against the unfamiliar. And<br />
sometimes it does so in ways that thwart our efforts<br />
to adopt new behaviors, including the ones that<br />
would bring us closer to where we want to be.<br />
This is because the brain seeks efficiency. The more<br />
frequently a behavior is performed, the easier and<br />
more efficient it becomes to practice—even if that<br />
behavior doesn’t ultimately serve our goals. The good<br />
news: Becoming aware of the cues that trigger your<br />
default behaviors can help you switch to new habits<br />
that are more conducive to your performance<br />
and leadership skills.<br />
8 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong><br />
<strong>2021</strong> truistleadershipinstitute.com 9
Business-minded<br />
How behaviors are built<br />
Research in neuroscience suggests that our<br />
repeated behaviors start as effortful actions, things<br />
we deliberately decide to do. When we do them<br />
again (and again and again), the decision-making<br />
isn’t needed, and we’ll perform these actions<br />
almost automatically.<br />
We may also lose connection to our motivation—<br />
the reason we did something in the first place.<br />
A habit could be less relevant (maybe you got a raise,<br />
so having a written household budget isn’t as urgent),<br />
or it could just feel less relevant (brushing your teeth<br />
is still important, but no one is giving you praise for<br />
remembering to do it each night as your parents<br />
might have when you were a child).<br />
The question is, how can leaders invoke principles<br />
of neuroscience to make it easier to get to the point<br />
of having a well-practiced habit? Here are two<br />
strategies to consider.<br />
■ Establish a cue for deliberate action.<br />
There is a process leaders can use to construct<br />
a new positive habit or to stop a counterproductive<br />
one. First, we need to identify a<br />
reliable cue that tells us to use our new<br />
desired behavior: “When X occurs, I’m going<br />
to conduct this specific behavior, Y.”<br />
A cue could be as simple as, “any time<br />
I’m feeling frustrated.” As soon as tension<br />
from this cue is experienced, you should then<br />
enact your desired behavior, which might be<br />
something like focusing on your breathing for<br />
10 seconds. Then, after successfully conducting<br />
that behavior, you should follow it with a<br />
consistent reward. This could be something like<br />
savoring the feeling of success from performing<br />
your new behavior, or you could choose an<br />
unrelated but enjoyable reward, such as going<br />
for a short walk.<br />
■ Ensure your new habit is sustainable.<br />
The idea that leaders can experience substantial<br />
changes from practicing the “cue – behavior –<br />
reward” action might sound too good to be true.<br />
But it’s important to remember that the intention<br />
of this sequence is to have something you can<br />
rehearse easily and often. Over time, your desired<br />
behavior will become increasingly automatic—a<br />
sustainable habit. Even better: As this happens,<br />
your cognitive resources will be freed up to tackle<br />
other meaningful leadership challenges.<br />
Shaping your behaviors also<br />
reshapes your brain<br />
As a new behavior is rehearsed, the brain’s structure<br />
physically changes to make the behavioral sequence<br />
increasingly efficient to perform. This process takes<br />
time, with research showing that it can take up to<br />
254 days for a new behavior to become automatic.<br />
This explains why new behaviors might feel<br />
uncomfortable at first: The brain needs time to<br />
streamline them, and meanwhile your other ingrained<br />
behaviors might feel easier to conduct. But there are<br />
ways to make this transition easier.<br />
To facilitate the creation of new neural pathways,<br />
be sure to select cues for your new behavior<br />
that occur reliably. Otherwise, you won’t get<br />
enough opportunities to rehearse your sequence<br />
As a<br />
new behavior<br />
is rehearsed,<br />
the brain’s<br />
structure<br />
physically<br />
changes to<br />
make the<br />
behavioral<br />
sequence<br />
increasingly<br />
efficient to<br />
perform.”<br />
— Sarah Coley, Ph. D.<br />
<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
of “cue – behavior – reward” action. A 2020 study<br />
published in BMC Psychology examined the<br />
difficulties faced by some individuals with specifying<br />
useful cues for behavior change. Researchers found<br />
that strategies such as writing the cues down and<br />
reviewing them regularly to ensure they’re still<br />
relevant could help people stay on track with<br />
their new behavior.<br />
Based on this information, any gaps that exist<br />
between your current habits and the better ones<br />
you want to have as a leader are not due to a lack<br />
of willpower. The physical properties of the brain<br />
make change difficult, and that is why capitalizing<br />
on how the brain functions—instead of attempting<br />
to bypass it with extra willpower—will be the most<br />
effective strategy for changing behaviors. Simple<br />
behavioral sequences that begin with a reliable<br />
cue are especially effective because they allow<br />
repetition, which is precisely how our brains<br />
learn a habitual behavior.<br />
Ensuring our efforts toward behavior change<br />
are in sync with how the brain behaves is the key to<br />
lasting success and will allow us to align our default<br />
behaviors with the type of leader we want to be.<br />
You’ll find more information and recommendations<br />
about behavior change throughout this issue.<br />
On page 18, you can see a step-by-step look at how<br />
behavior change happens. On page 24, my colleague<br />
Patrick Gallagher, Ph.D., introduces a collection of<br />
common myths about change. And on page 44, you<br />
can read about Conscious <strong>Leadership</strong>+, a new suite<br />
of tools we’re rolling out to offer ongoing leadership<br />
growth practice (including behavior change) to<br />
our program participants. ■<br />
Informing your<br />
experience with<br />
research<br />
Sarah Coley, Ph.D.,<br />
is a member of the<br />
research team at<br />
<strong>Truist</strong> <strong>Leadership</strong><br />
<strong>Institute</strong>.<br />
To learn more about<br />
the curriculum and<br />
upcoming dates for the<br />
Mastering <strong>Leadership</strong><br />
Dynamics program,<br />
which incorporates<br />
behavior change,<br />
visit truistleadership<br />
institute.com.<br />
10 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong> <strong>2021</strong> truistleadershipinstitute.com 11
Examining your leadership<br />
By Steve Swavely, Ph.D.<br />
How do you<br />
prefer to face<br />
change?<br />
reat craftspeople use the right tool for the<br />
job they have at hand. I teach leaders to use the<br />
right tools for the job at hand, as well: the tools they<br />
need to help a team of colleagues move through<br />
change is one example.<br />
A good place to start is to become aware of your<br />
own preferences when faced with change. At <strong>Truist</strong><br />
<strong>Leadership</strong> <strong>Institute</strong>, we use the Change Style<br />
Indicator®, a leadership assessment that helps to<br />
measure an individual’s preferred style for<br />
approaching and addressing change. It shows a<br />
continuum of preferences ranging from welcoming<br />
and even seeking out change to minimizing or<br />
avoiding change.<br />
Let’s start exploring this topic!<br />
Above:<br />
Director of Client Solutions<br />
Steve Swavely, Ph.D.<br />
1<br />
Which statement<br />
is true?<br />
2<br />
The best change<br />
style preference<br />
for a leadership<br />
role is:<br />
3<br />
Leaders<br />
should:<br />
4<br />
A. Your change style<br />
preference is built into your<br />
personality, programmed<br />
into how you operate.<br />
B. You can learn to step outside<br />
your preference if a<br />
situation demands it.<br />
Both of these statements are true.<br />
As statement A asserts, a<br />
change style preference is an<br />
aspect of your personality. I find<br />
that leaders are pretty good at<br />
identifying where they fall on<br />
the continuum of styles once<br />
they read the descriptions (see<br />
box below). If you’re not sure of<br />
your style, you can look for clues<br />
in a past situation. For example,<br />
a conserver who had to be an<br />
originator in a project at work<br />
likely felt exhausted, because<br />
working outside of your change<br />
style preference requires more<br />
energy.<br />
Statement B is true because<br />
your preference is not the same<br />
as your skill set. You might<br />
prefer to drive a car with an<br />
automatic transmission, but you<br />
can learn to drive a stick shift.<br />
The<br />
Change<br />
Style<br />
Indicator ®<br />
A. Conserver. Leaders preserve<br />
gains and institutional<br />
knowledge.<br />
B. Pragmatist. Leaders must<br />
always ask “Why?” before<br />
change takes place.<br />
C. Originator. Leaders are<br />
responsible for leading innovation<br />
and transformation.<br />
Every change style preference<br />
has its strengths and its<br />
potential weaknesses. So each<br />
of the three perspectives is<br />
valuable, but none of the three is<br />
best or worst.<br />
Instead, a leader should<br />
consider what is required in<br />
a particular situation: What’s<br />
good for the organization<br />
might not be the same as<br />
what’s comfortable for you.<br />
You might be a conserver, but<br />
if your organization needs to<br />
adapt to a new technology, you<br />
should shift out of your comfort<br />
zone of conserver and help the<br />
organization adapt and<br />
change effectively.<br />
A. Be aware of their own<br />
change style preference.<br />
B. Be aware of the change style<br />
preferences of each person<br />
on their team.<br />
A and B are both correct.<br />
Self-awareness helps you know<br />
your preferences, but you have<br />
the power to change how you<br />
behave in different situations.<br />
A leader who knows the<br />
change preferences of each<br />
teammate can be more influential<br />
and effective. The leader can give<br />
the pragmatists the rationale that<br />
they need, give the conservers<br />
the risk analysis that they need,<br />
and give the originators the<br />
options that they need. Now,<br />
you’ve got a high-performing<br />
team.<br />
Teammates are frequently<br />
surprised at the variety in change<br />
style preferences on their team<br />
because their own preference<br />
acts as a filter. If I’m a pragmatist,<br />
I tend to think most people are<br />
pragmatists, for example.<br />
Teams should<br />
learn about<br />
change style<br />
preferences:<br />
Conserver Pragmatist Originator<br />
■ Prefers the known to the unknown.<br />
+ Keeps the team from running off the ledge<br />
without having thought things through.<br />
– Can hold the team back from making<br />
necessary adaptations.<br />
■ Prefers to explore the current situation<br />
objectively. Asks, “What’s the practical value<br />
of this change?”<br />
+ Able to mediate between originators and<br />
conservers on a team.<br />
– Slow to change if they feel the change lacks value.<br />
A. Before kicking off a change<br />
initiative.<br />
B. If their change initiative is<br />
struggling.<br />
C. Even if a change<br />
initiative isn’t planned<br />
because change is constant.<br />
If you answered A, you’re right. It’s<br />
great when teams make this kind<br />
of understanding a prerequisite<br />
for a change initiative. It can<br />
prevent a lot of mistakes.<br />
In truth, that happens very<br />
rarely, so B is also a good<br />
answer. That’s probably the most<br />
common experience that we have<br />
with clients. I tell leaders in this<br />
situation that all’s not lost. It’s<br />
not too difficult to hit the pause<br />
button, back the bus up a little bit,<br />
reevaluate how to move forward,<br />
and use leadership tools to get<br />
the initiative back on track.<br />
C is also a great answer.<br />
Change is accelerating<br />
exponentially right now, and<br />
people are recognizing a need to<br />
have the resilience and capacity<br />
to go through and manage<br />
change in an effective way. ■<br />
■ Prefers a faster, more radical approach to change.<br />
+ Always willing to try new things. Can uncover<br />
ways to work faster, better, and easier.<br />
– Willingness to take risks and to enact changes<br />
can hold an organization back from stable,<br />
scalable success.<br />
12 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong><br />
<strong>2021</strong> truistleadershipinstitute.com 13
Leading inclusively<br />
By Charlene McNeil<br />
Keys to leading a<br />
diverse team<br />
Creating a diverse team does not automatically mean that teammates<br />
will begin performing optimally. In fact, most such teams do not.”<br />
—Charlene McNeil, <strong>Truist</strong><br />
To manage an<br />
increasingly<br />
diverse workforce,<br />
you must<br />
learn how to<br />
identify potential<br />
challenges and<br />
address them<br />
before problems<br />
arise.<br />
hose of us who have the opportunity to lead<br />
know that it is a huge responsibility. When you<br />
add the complexity of leading diverse teams in an<br />
increasingly diverse workforce, it becomes even<br />
more challenging.<br />
Diversity is more than just a hot-button issue.<br />
Research shows that it is strongly associated with<br />
business success. In the 2020 McKinsey report<br />
“Diversity wins: How inclusion matters,” researchers<br />
found that companies whose leadership had the most<br />
gender, ethnic, and cultural diversity were likely to be<br />
more profitable than their less diverse counterparts.<br />
Having diverse teams also leads to greater creativity<br />
and innovation and increases teammate engagement<br />
and retention.<br />
Regrettably, we rarely discuss the challenges that<br />
Photography: left, Klaus Vedfelt/Getty Images<br />
come with leading diverse teams—challenges that<br />
require a distinct set of skills in today’s leaders.<br />
Create an environment of support<br />
Creating a diverse team does not automatically<br />
mean that teammates will begin performing optimally.<br />
In fact, most such teams do not. Often, communication<br />
issues and differences of opinion can lead to<br />
unresolved conflicts and dysfunction—all of which<br />
can interfere with productivity and job satisfaction.<br />
If not checked, this can become a recipe<br />
for disaster.<br />
Today’s leaders need to be aware of the challenges<br />
inherent in managing diverse teams. In response to<br />
those challenges, they should have a plan in place to<br />
ensure that all teammates experience these<br />
three feelings of support, at a minimum:<br />
A strong sense of belonging.<br />
A feeling that they are valued.<br />
The knowledge that they are part of<br />
something larger than themselves.<br />
Along with creating a supportive environment, great<br />
leaders demonstrate courage by letting go of the desire<br />
to always be right and by not being afraid to share when<br />
they are wrong. Great leaders are curious and willing<br />
to learn from others, ask questions, and share their<br />
vulnerability. They also focus on honing their conscious<br />
leadership, which helps to pick up on cues that might<br />
not be explicitly stated by team members.<br />
Determine where you stand<br />
To better understand what your own issues are in<br />
relation to diversity, start by doing some reflection and<br />
self-assessment. For example, you can ask yourself:<br />
■ Am I comfortable leading individuals with<br />
different backgrounds?<br />
■ Am I open and receptive to leading individuals<br />
who look different than me or have different<br />
religious beliefs?<br />
■ What has shaped my beliefs, behaviors,<br />
and decisions?<br />
■ And most importantly, what are my biases?<br />
That can be a lot to consider, but until you fully<br />
understand what has shaped you as a leader, you will<br />
not be able to effectively deal with the challenges<br />
often faced when leading diverse teams.<br />
Know your teams<br />
As a leader, you support your teams by holding them<br />
accountable, empowering them to take ownership<br />
of their work, and acting as an ally and sponsor by<br />
advocating on their behalf. Doing this means frequent<br />
communication with individuals as well as the team.<br />
You should check in with individuals frequently and<br />
make sure that in one-on-one meetings and work<br />
communications you not only cover work-related<br />
updates, but also the individual’s development and<br />
career aspirations.<br />
When leading diverse teams, it helps to get to know<br />
the individuals on the team on a deeper level. To do<br />
that, try to answer these questions:<br />
■ How do they like to be recognized?<br />
■ What do they value in life?<br />
■ What do they feel is their life’s purpose—<br />
and do they feel connected to fulfilling<br />
that purpose?<br />
Learning these details matters, especially when<br />
you are able to act upon them and include them in<br />
your leadership. Doing this helps to build trust,<br />
equity, and a sense of fairness among the team, and<br />
leaves teammates feeling cared about as individuals,<br />
adding to their job satisfaction and overall happiness—<br />
and helping your diverse team strive for success. ■<br />
To learn more about leadership<br />
development programs<br />
from <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>,<br />
visit truistleadershipinstitute.com.<br />
About the author<br />
Charlene McNeil, Senior<br />
Vice President, Diversity,<br />
Equity, and Inclusion<br />
Segment Leader &<br />
Head of BRG Strategy<br />
Enablement at <strong>Truist</strong>,<br />
has focused on talent<br />
development and DEI<br />
strategies for more than<br />
two decades. She is a<br />
Certified Diversity<br />
Professional and<br />
Certified Professional<br />
Coach. To learn more<br />
about overall diversity,<br />
equity, and inclusion<br />
priorities at <strong>Truist</strong>, visit<br />
truist.com/who-we-are/<br />
diversity-equityinclusion.<br />
14 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong> <strong>2021</strong> truistleadershipinstitute.com 15
About talent<br />
By Brian Fiske<br />
How to counter<br />
“The Great Resignation”<br />
With distributed leadership, things are more situational-based. The idea<br />
is to give people the opportunity to manage an initiative, a project, or a task<br />
to completion.”—Bev Wise, SPHR, ACC, <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
Today, employees<br />
are looking for<br />
more flexibility,<br />
autonomy,<br />
and opportunity<br />
in their roles, and<br />
they’re willing to<br />
leave their<br />
jobs to find it.<br />
Could distributed<br />
leadership help<br />
you keep key<br />
people?<br />
n spring <strong>2021</strong>, Texas A&M University associate<br />
professor of management Andrew Klotz coined the<br />
phrase “The Great Resignation.” Klotz observed that the<br />
decrease in resignations in 2020 (compared to 2019) in<br />
the U.S. signaled a backlog of interest in job switching.<br />
He predicted a massive shift in the workforce once the<br />
pandemic started to subside.<br />
One survey released in early <strong>2021</strong> found that 41%<br />
of its 30,000 respondents were considering quitting<br />
their jobs. The Bureau of Labor Statistics reported<br />
record quit rates, including 4 million Americans who<br />
quit their jobs in April <strong>2021</strong> alone.<br />
Klotz wrote in an essay for NBC News that as well<br />
as financial factors for these high quit rates, remote<br />
work tops the list of whys. “Given that humans have<br />
a fundamental need for autonomy, the freedom that<br />
remote work provides can be very appealing, and the<br />
flexibility is a boon to caregivers and working parents.”<br />
Bev Wise, SPHR, ACC, SVP and director of<br />
consulting at <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>, emphasizes<br />
the connection between the high quit rates and the<br />
pandemic. “COVID-19 forced companies to gear up<br />
quickly into this remote-work space, and the results<br />
demonstrated it is a very viable option.”<br />
And just as the interest in flexible, opportunityfilled<br />
work has always been there, Wise explains, so<br />
has a practice that can help organizations provide it:<br />
distributed leadership.<br />
What is distributed leadership?<br />
Distributed leadership is a proportional sharing of<br />
leadership power and responsibility throughout an<br />
organization. It is similar to collaborative leadership,<br />
in which a leadership team directs company activities.<br />
However, distributed leadership frames leadership<br />
as an activity, not a role—many people engage in<br />
Photography: left, Thomas Barwick/Getty Images<br />
leadership, whether that is within a small group<br />
or department, or organizationwide. Additionally,<br />
distributed leadership is dynamic, meaning a person<br />
might lead in one situation but not in another.<br />
“With distributed leadership, things are more<br />
situational-based,” explains Wise. “The leadership role<br />
is based on the tasks that need to be performed. The<br />
idea is to give people the opportunity to manage an<br />
initiative, a project, or a task to completion.”<br />
What’s the benefit? “It helps to engage your<br />
employees. You engage them in something they have<br />
passion around, interest in, or knowledge of, and you<br />
get to see how they do.”<br />
This type of approach works especially well with<br />
remote work, Wise says, because organizations<br />
can offer opportunities for growth and ownership,<br />
measure the outcomes, and help to retain employees<br />
by giving them the autonomy that they crave.<br />
The key to distributed leadership success<br />
Leaders embracing distributed leadership need to<br />
have a tight focus on engagement—their own, as well<br />
as that of their teams. These four tips can help you<br />
keep that focus.<br />
■ Provide clarity—and control. Distributed<br />
leadership is a great tool for giving skilled<br />
individuals control of projects and tasks, which<br />
can help create a feeling of ownership and<br />
pride. Be clear about your expectations for the<br />
completed project, deadlines, and the like, to<br />
enable their success. “If they’re running into<br />
difficulty, you need to be able to provide them<br />
some coaching to help them overcome obstacles,”<br />
Wise says. “So you’re providing clarity while still<br />
maintaining those intentional connections.”<br />
■ Allow room for growth. In other words, let<br />
employees learn from the experience as they go.<br />
“You need to be available for question-answering<br />
and to coach through issues that arise,” Wise says.<br />
“You want to make sure they have the knowledge<br />
and the wherewithal to do what you’ve assigned<br />
them to do.”<br />
■ Make the big picture clear. Your team, and<br />
your leaders, want to know how their project<br />
fits into the larger whole. “You need to share<br />
that importance,” Wise says, “by telling somebody<br />
that what they’re doing is important to<br />
your department or to the organization.<br />
That helps them know that they’re doing<br />
something that is meaningful for the overall.”<br />
■ Make intentional connections. With remote or<br />
hybrid work, leaders don’t always have the chance<br />
to engage in off-the-cuff conversations with<br />
teammates. However, those connections are an<br />
important part of engagement. “You need to be<br />
intentional about reaching out and seeing how<br />
things are going,” Wise says. “You want to make<br />
sure—and make it clear—that you’re available<br />
for help, for guidance, and for coaching.” And this<br />
is important to figure out for all your employee<br />
categories: the onsite, the hybrid, and the<br />
remote. “You need to have a plan for how these<br />
connections will happen across the board.”<br />
If your expectations aren’t met<br />
If things don’t go as planned, make your employees<br />
part of the solution: Spell out what you expected<br />
and be transparent about what was achieved. Then<br />
ask individuals or small groups of employees who<br />
were on the ground with the work for input on how to<br />
approach things differently to achieve better results.<br />
Part of doing it better the next time may mean<br />
having honest coaching conversations with<br />
individuals who aren’t as engaged or aren’t as<br />
productive as the organization needs them to be.<br />
“You can balance candor and kindness,” Wise says.<br />
It goes back to the importance of providing clarity,<br />
not just in assigning responsibility, but in evaluating<br />
performance.<br />
You can also think beyond your team, as more<br />
of your colleagues and contacts are likely open to<br />
talking through what works for them, too. “Reaching<br />
out to your network to talk about solutions could be<br />
beneficial,” Wise says, “and could provide new insight<br />
into ways to engage and retain employees.” ■<br />
Looking for insight?<br />
Our Employee<br />
Engagement Survey<br />
can help.<br />
High employee<br />
engagement adds to<br />
employee retention,<br />
helps to control<br />
expenses, improves<br />
customer service, and<br />
boosts productivity.<br />
How’s engagement at<br />
your organization?<br />
Our engagement experts,<br />
including Bev Wise, SPHR,<br />
ACC, SVP and director<br />
of consulting at <strong>Truist</strong><br />
<strong>Leadership</strong> <strong>Institute</strong>, can<br />
partner with your leaders<br />
to survey your team,<br />
evaluate results, and<br />
provide recommendations<br />
for actions that could<br />
improve your team’s<br />
engagement. Learn more<br />
at truistleadership<br />
institute.com.<br />
16 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong> <strong>2021</strong> truistleadershipinstitute.com 17
By Brian Fiske<br />
How behavior patterns are<br />
formed—and considerations for<br />
leaders interested in change.<br />
Change<br />
as a<br />
threat<br />
The behavior:<br />
Each morning, the leader<br />
takes the shortest possible<br />
path to her office. But<br />
feedback from peers and<br />
employees uncovers the<br />
perception that the leader<br />
is not engaging with<br />
her team, so her routine<br />
needs to change.<br />
In the brain:<br />
When confronted with<br />
change, the limbic system<br />
can trigger a “fight or<br />
flight” response.<br />
This threat response can<br />
impair analytic thinking,<br />
creative insight, and<br />
problem solving.<br />
Conscious<br />
effort<br />
reduces<br />
the threat<br />
The behavior:<br />
The leader decides to start<br />
each day with a different<br />
path to her office to create<br />
natural opportunity for<br />
interaction throughout<br />
the workplace.<br />
In the brain:<br />
More effort and attention<br />
are required for this<br />
change. The new behavior<br />
choice requires a conscious<br />
decision to change, and<br />
ongoing practice to<br />
strengthen the different<br />
neural pathway.<br />
Small goals<br />
can make<br />
change<br />
manageable<br />
The behavior:<br />
The leader sets a goal<br />
of having spontaneous<br />
conversations with three<br />
individuals before reaching<br />
her office each day.<br />
In the brain:<br />
Setting a small goal, or a<br />
series of small goals, can<br />
help reduce the threat<br />
response by making the<br />
effort required to change<br />
seem minimal.<br />
Reward<br />
makes<br />
practice<br />
worthwhile<br />
The behavior:<br />
Small goals are reached,<br />
and the leader speaks<br />
with more employees and<br />
receives positive feedback.<br />
In the brain:<br />
The process of practicing<br />
and mastering a desired<br />
behavior, or reaching<br />
goals along the path<br />
to mastery, can trigger<br />
the limbic system to<br />
release dopamine. This<br />
neurotransmitter is<br />
connected to feelings<br />
of bliss, pleasure,<br />
and euphoria.<br />
The new<br />
pattern<br />
emerges<br />
The behavior:<br />
Through repetition and<br />
reward, a new pattern<br />
forms.<br />
In the brain:<br />
In one study,<br />
it took up to 254 days<br />
for a behavior to<br />
become automatic. ■<br />
Key<br />
takeaways<br />
for leaders<br />
■ Motivation<br />
matters.<br />
Creating a desirable goal,<br />
for yourself or for your team,<br />
can help provide motivation<br />
to change.<br />
■ Recognize forward<br />
progress.<br />
Breaking a change goal<br />
into small steps can make it<br />
achievable and provide<br />
opportunity for the<br />
reward response.<br />
■ Consistent<br />
practice<br />
is necessary.<br />
It takes conscious effort<br />
and repetition to instill a<br />
new behavior, both for<br />
individuals and for teams.<br />
ehavior change is challenging, and that challenge<br />
begins in the brain. The brain’s neural pathways—<br />
the connections between brain cells that allow signals to<br />
travel from one part of the nervous system to another—<br />
are strengthened and become more efficient the more you<br />
repeat a behavior. The behaviors often become defaults.<br />
So what needs to happen to change a default behavior<br />
to a different one? We’ll use a simple example—a leader who<br />
wants to change her morning routine so she can engage<br />
with more spontaneous interactions with employees—<br />
to show how it works.<br />
Conscious awareness<br />
of ongoing current<br />
patterns—mindfulness—<br />
can minimize the<br />
threat response.<br />
This creates openings for<br />
behavior change.<br />
Resources for leaders<br />
The consultants at <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong> recommend these two books for<br />
those interested in learning more about the brain and behavior change.<br />
■ The Mind of the Leader:<br />
How to Lead Yourself, Your People, and Your Organization for Extraordinary Results<br />
by Rasmus Hougaard and Jacqueline Carter, Harvard Business Review Press, 2018.<br />
■ The Leading Brain:<br />
Neuroscience Hacks to Work Smarter, Better, Happier<br />
by Friederike Fabritius, M.S., and Hans W. Hagemann, Ph.D., TarcherPerigee, 2018.<br />
18 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong><br />
<strong>2021</strong> truistleadershipinstitute.com 19
By Eileen Hogan, M.S., Ed.S.<br />
Your listening skills likely aren’t as<br />
good as you think they are. This letter to CEOs<br />
explores why—and shares five ways to improve<br />
your skills to benefit your employees<br />
and your organization.<br />
Photography: Thomas Barwick/Getty Images<br />
20 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong> <strong>2021</strong> truistleadershipinstitute.com 11
Dear CEO<br />
Strategy 1<br />
Tune in to your<br />
patterns.<br />
Strategy 2<br />
Identify your<br />
preferred listening<br />
and communication<br />
style.<br />
Strategy 3<br />
Learn others’<br />
preferred<br />
listening and<br />
communication<br />
style.<br />
Strategy 4<br />
Be aware of any<br />
negative reactions<br />
to information<br />
shared.<br />
Strategy 5<br />
Look at<br />
listening skills<br />
as curiosity<br />
skills.<br />
ello, CEO. I’m sending you this<br />
note to tell you that your listening<br />
skills probably need some work.<br />
Most leaders like yourself feel that<br />
listening is a skill they learned early in<br />
their careers and that they have<br />
continued to hone those skills ever<br />
since. While that’s probably true to some<br />
extent, it’s easy for listening skills to take<br />
a back seat to an increasing workload,<br />
ever-growing inbox, and demanding<br />
meeting schedule as you advance in<br />
your career and leadership.<br />
Let’s be clear—no one is intentionally<br />
a poor listener. However, every day<br />
you are wading through a deluge of<br />
communications—meetings, memos,<br />
emails, texts, social media alerts,<br />
colleagues stopping by—all while trying<br />
to manage the day-to-day demands of<br />
your position. Add to that the countless<br />
ways that information delivery can be<br />
interrupted or misconstrued, and just<br />
making sure you hear everything can<br />
feel like a feat. But your goal in improving<br />
your listening skills is ultimately to better<br />
meet your team’s needs and walk away<br />
with everyone feeling heard.<br />
Continuing to develop your listening<br />
skills will differentiate you as a leader,<br />
which is why I’m also sharing five<br />
strategic ways you can become an<br />
expert listener (at right).<br />
Great listeners make better, more<br />
informed decisions, provide more holistic<br />
support for their teams, and summit the<br />
mountains of information around them.<br />
Sincerely,<br />
Eileen Hogan, M.S., Ed.S.<br />
Senior Consultant<br />
<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
My first suggestion for developing<br />
your listening skills is to be present in<br />
all conversations. Before you dismiss that<br />
as an obvious piece of advice, hear me—<br />
and the science—out. We’ve all felt our<br />
minds start to wander during a<br />
conversation, no matter how hard we try<br />
to stay focused. There’s a physiological<br />
reason for that happening: Our brains can<br />
process words at a far faster rate than<br />
someone can actually speak to us.<br />
The average American speaks at<br />
125 words per minute (WPM), but your<br />
brain is actually able to process 800 WPM.<br />
That difference can make it seem like your<br />
brain has plenty of power to both listen to a<br />
conversation and think silently about other<br />
priorities. Unfortunately, that usually is not<br />
the case. Your tangential thoughts will<br />
eventually cause you to lose focus on the<br />
conversation happening in front of you.<br />
To begin solving the problem,<br />
identify the causes:<br />
■ What has caused you to disengage?<br />
Are you thinking you have more<br />
important things to do? Are you<br />
busy checking emails instead of<br />
focusing on the person speaking to<br />
you? Are you planning for the next<br />
meeting on your calendar?<br />
■Do you have a different<br />
communication style than the<br />
person you’re conversing with?<br />
■ Are you unclear about the purpose<br />
of the conversation?<br />
Starting to notice these patterns as they<br />
are happening will help you develop the<br />
self-awareness needed to make<br />
adjustments that will help you be more<br />
present in your listening.<br />
Everyone has a different communication<br />
style, and it’s important to identify<br />
your preferred communication style<br />
early on in your career. For instance, some<br />
people are more direct and prefer to get<br />
straight to a solution. Others like to talk as<br />
a way of working out their thoughts about a<br />
problem and are just looking for you to be a<br />
sounding board. Of course, communication<br />
styles can change situationally, too.<br />
But even so, you can understand how<br />
there might be an issue if you have a direct<br />
style and the person you’re listening to is<br />
talking it through. If you constantly jump<br />
into the discussion with solutions, the other<br />
person may feel like they’re not being<br />
heard, while you will likely feel positive<br />
about the exchange because you’re<br />
offering help.<br />
By understanding your personal<br />
communication and listening styles<br />
and being able to adjust them to align<br />
with those of the people you’re working<br />
with, you can make sure you provide<br />
the type of support they expect as<br />
you’re listening.<br />
For those team members you work<br />
with often, you’ll likely know how they<br />
prefer to communicate. You might tend<br />
to go to a colleague specifically because<br />
they have a preferred style that’s close<br />
to yours, for example.<br />
If you’re not sure, ask. Try something<br />
like, “Help me understand why you’re<br />
sharing this information. Do you just<br />
want me to hear it and provide support?<br />
Are you hoping that I will offer some<br />
insight on a decision? Or do you need me<br />
to help you analyze a plan of action?”<br />
Having that expectation spelled out<br />
can make all the difference in how you<br />
listen to someone—and how they<br />
perceive you as a listener.<br />
The<br />
more you<br />
approach<br />
each conversation<br />
with<br />
curiosity, the<br />
more likely<br />
you are to<br />
be engaged.”<br />
Strong listening skills require selfawareness.<br />
As a leader, you’re making<br />
high-stakes decisions throughout the<br />
day—and it can be difficult when someone<br />
disagrees with a choice you’ve made or<br />
a strategy you’ve set. While consciously<br />
you may assert that you’re fine with<br />
feedback and open to hearing other team<br />
members’ ideas, in the moment, you may<br />
have some subconscious resistance to<br />
hearing something that goes against<br />
what you’ve shared.<br />
This can be hard to identify in yourself;<br />
but the first sign of it will be in your<br />
reaction to the conversation. Maybe<br />
you get a little defensive or demanding,<br />
asking for a more in-depth explanation.<br />
You might also talk slightly louder, raising<br />
your voice to dominate or even shut<br />
down the conversation, or use<br />
inappropriate sarcasm or insults.<br />
These aren’t intentional reactions, and<br />
they can be hard to pinpoint once the<br />
moment has passed. The easiest time to<br />
catch this behavior is in the moment<br />
when you feel it happening.<br />
Normally, these reactions stem from an<br />
unconscious belief you have about yourself.<br />
By being an active listener and identifying<br />
these biases, you can unpack areas where<br />
maybe you aren’t as confident with a<br />
decision as you could be. This gives you the<br />
opportunity to open up the conversation<br />
to your team for feedback that will allow<br />
you to explore options further.<br />
If you notice this happening, pause the<br />
conversation and take a deep breath. You<br />
want the interaction to remain positive, so<br />
reset by saying, “What I think I heard you<br />
say was that there might be a better way<br />
to approach this situation. Tell me more<br />
about your thinking.” It’s important to use<br />
your listening skills to keep the lines of<br />
communication open. Otherwise, you may<br />
unintentionally discourage your team<br />
from giving you feedback in the future.<br />
Constantly asking yourself “why” is<br />
how you develop both good listening<br />
skills and good conversation skills.<br />
Every effort in good listening should<br />
start from a curious space with you<br />
wanting to know more: more about others’<br />
communication styles, more about why<br />
they’re asking for your time, more about<br />
why you’re having a reaction to a<br />
conversation, more about what you heard<br />
and why it has an impact on your<br />
organization.<br />
Another way to infuse curiosity into your<br />
listening is by adding paraphrasing to your<br />
strategy. This isn’t something you need to<br />
do in every instance, but try starting some<br />
responses with, “I want to make sure<br />
I heard you. Here are the two things I heard<br />
you say …” Not only does paraphrasing<br />
confirm what exactly you heard, it also<br />
verbally validates that the speaker has<br />
been heard and gives them an opportunity<br />
to clarify if they weren’t heard the way<br />
they wanted to be.<br />
The more you approach each<br />
conversation with curiosity, the more likely<br />
you are to be engaged, and the more you<br />
can communicate questions for your team<br />
to explore further.<br />
Identifying when your listening skills<br />
are falling short can be a challenge.<br />
You’ll need to slow down and ask<br />
thoughtful questions of yourself and your<br />
team members. It will certainly take work<br />
up front, but ultimately, the more you foster<br />
clear communication and understanding<br />
within your team, the more time you<br />
will save on the way to your goals. ■<br />
22 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong> <strong>2021</strong> truistleadershipinstitute.com 23
Introduction by Patrick Gallagher, Ph.D.<br />
Interviews by Brian Fiske<br />
Illustration by Orlando Hoetzel<br />
Researchers, authors, executives, and<br />
<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong> consultants share what they’ve<br />
learned—and how their thinking has changed—when it<br />
comes to organizational change.<br />
24 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong>
Eight myths about change<br />
Change is never orderly.<br />
It is not complicated, but it is complex,<br />
and often chaotic. It is only real<br />
when it feels messy.”—Bjarte Bogsnes, Bogsnes Advisory<br />
or leaders, teams, organizations, and even entire<br />
industries, change is ubiquitous. If an organization is<br />
not already adjusting to changes in its markets or<br />
consumers, it is likely in the midst of several change<br />
initiatives; for example, shifting operational strategy,<br />
restructuring to reduce costs, or transforming organizational<br />
culture. And of course, all organizations continually face<br />
the changes thrust upon them by outside forces—a case in<br />
point is the near universal redesign of work-from-home<br />
policies in 2020 and <strong>2021</strong>.<br />
For a change to be successful, someone—or multiple<br />
people—must change their behavior. A leader, for example,<br />
must change the way she interacts with her followers to<br />
change her leadership results; newly remote workers must<br />
rearrange the way they spend work hours to navigate<br />
working from home. In short, change cannot be successful<br />
unless behavior changes in the desired way.<br />
It follows that behavior change is a competency that can<br />
help businesses succeed. It is, however, a competency that<br />
few leaders explicitly work on developing. Indeed, some<br />
principles of behavior change may directly contradict other<br />
received wisdom about change.<br />
That’s what this story tackles. Here, we have asked leading<br />
scholars, practitioners, executives, and our consultants to<br />
share what they thought they knew about change, or<br />
specifically behavior change in individuals, that turned out<br />
to be wrong. The ideas here show that organizational change<br />
practices can and will evolve—and the best leaders remain<br />
open to that change.<br />
Photography: Courtesy, <strong>Truist</strong>; Wendy Wood; Matt Walleart<br />
■ Myth<br />
Winning hearts and<br />
minds is the key to successful<br />
organizational change.<br />
Winning peoples’ hearts and<br />
minds is standard advice for<br />
successful change initiatives, but<br />
you might get a bigger payoff by<br />
investing in reshaping contexts.<br />
Decades of behavioral science<br />
research has documented the<br />
power of contextual forces in<br />
shaping one’s behavior, even<br />
when the context pushes for behaviors that run counter<br />
to one’s beliefs or values.<br />
I have seen many organizations in which everyone is on<br />
board with a new mission, new shared values, or a new<br />
process—their hearts and minds are all aligned—but<br />
when it comes down to the actual day-to-day behaviors,<br />
the old habits win out because the circumstances still<br />
support them instead of the desired new behaviors.<br />
I don’t mean to say that winning hearts and minds<br />
isn’t important—it is, and may indeed be necessary for<br />
successful change. But hearts and minds are only part of<br />
the story. No matter how much support and agreement<br />
there is for an initiative, it can still fail if the necessary<br />
behavior changes are not supported by the context.<br />
—Patrick Gallagher, Ph.D.<br />
Director of Research, <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
■ Myth<br />
Self-control and willpower<br />
are the keys to change<br />
I think there’s something pretty<br />
basic that most of us<br />
get wrong: We put too much<br />
emphasis on willpower. We think<br />
that if we just try hard enough<br />
and have enough self-control,<br />
we’ll be successful. We attribute<br />
many of our failures to a lack of<br />
willpower. If you ask overweight people why they<br />
can’t lose weight, it’s the favored answer—even though<br />
almost ¾ of all Americans are overweight or obese.<br />
It doesn’t make sense that a lack of personal selfcontrol<br />
is responsible for such a broadly shared<br />
societal problem.<br />
Self-control is too difficult to maintain (it’s no fun),<br />
and it’s too fleeting to accomplish these kinds of life<br />
goals. People who are successful at maintaining a<br />
healthy weight, working persistently at their jobs,<br />
saving money, or making any other change don’t do it<br />
through willpower. Instead, they form habits that<br />
persist without effort or decision making. So, I think<br />
that one of our biggest challenges is to understand how<br />
to form beneficial habits. It’s not through self-control.<br />
—Wendy Wood, Ph.D.<br />
Provost Professor, Psychology and Business,<br />
University of Southern California, author of<br />
“Good Habits, Bad Habits: The Science of Making<br />
Positive Changes That Stick”<br />
■ Myth<br />
Behavior is prewired<br />
Generally, people tend to think of<br />
human behavior as deterministic:<br />
When 1-2-3 is present in the<br />
environment, then people will<br />
do XYZ behavior. And anytime<br />
it doesn’t happen, it is because<br />
of something internal to the<br />
person—we basically look at the<br />
variance in the 1-2-3–XYZ link<br />
and call it personality or values or something similar.<br />
I think that’s wrong. Over the course of my career,<br />
I’ve become much more focused on behavior as<br />
probabilistic, and it has changed a lot of how I come at<br />
behavior-change work. People are certainly complex,<br />
and some variance is due to internal factors. But since<br />
I can’t do much about internals, I don’t focus on<br />
personality when creating change. Instead, I’m learning<br />
to acknowledge that environments are equally<br />
complex. When there is variance in the 1-2-3–XYZ link,<br />
it is very often due to 4 and 5 and 6—previously hidden<br />
environmental factors.<br />
26 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong><br />
<strong>2021</strong> truistleadershipinstitute.com 27
Eight myths about change<br />
When you initiate a<br />
change, you commonly feel a sense<br />
of uninformed optimism.”—S. Chris Smith, Ph.D., <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
This has made me a more patient scientist. Rather<br />
than writing off parts of the population as unchanging<br />
because of internal factors, I am much more likely to<br />
stop and take the time to find the 4-5-6 that is real for<br />
them and meaningfully affects what they do. I remind<br />
myself constantly not to get lazy, to not write it off as<br />
something unchangeable, and to just double down and<br />
dig in to find what is really making the difference.<br />
—Matt Walleart<br />
Head of Behavioral Science at frog,<br />
speaker, author of “Start at the End”<br />
■ Myth<br />
The change curve is for all change<br />
In the first course I took on<br />
change management, the very<br />
first diagram they put on the<br />
board read, “When humans go<br />
through change, this is what happens:<br />
denial, anger, bargaining,<br />
depression, acceptance.”<br />
I was like, “Yeah, that’s good.”<br />
It has what psychologists call<br />
face validity. It made sense to me on the face of it.<br />
Here’s the problem: The researcher who came up<br />
with it did so based on interviews of terminally ill<br />
people. It wasn’t on people who are developing a new<br />
product strategy or rolling out a digital transformation<br />
project or going through organizational change.<br />
But it turned into that.<br />
The death and dying curve was an amazing<br />
breakthrough for the dying, enabling people to have<br />
conversations instead of the subject being taboo.<br />
But it then became a model for survivor grief, too, for<br />
getting through the emotional process. And then it<br />
became about grief. And then loss. And then not just<br />
loss, but change. And then not just change, but<br />
organizational change.<br />
It’s a myth that has run away. Why should how<br />
people deal with death be a template for what we go<br />
through in change? We all go through change in life.<br />
We get married. We graduate from college. We have<br />
our first child. And we have lots of transitions in<br />
businesses, as well. Not all of those changes<br />
are going to trigger negative emotions. In some<br />
cases, the opposite will happen.<br />
So who says those transitions have to be like<br />
the ones for loss? That they have to be a<br />
grieving process?<br />
—Paul Gibbons<br />
Speaker, coach, author of “The Science of<br />
Organizational Change” and the upcoming<br />
“Change Myths”<br />
■ Myth<br />
Change is structured<br />
My own experience has taught me<br />
that change is never as plan-able<br />
and structured as so many<br />
textbooks and consulting firms<br />
tell us. I am tired of companies<br />
presenting way too glossy and<br />
sanitized stories about the<br />
transformation journey.<br />
Change is never orderly. It is not<br />
complicated, but it is complex, and often chaotic. It is only<br />
real when it feels messy.<br />
—Bjarte Bogsnes<br />
Founder of Bogsnes Advisory, Chairman of Beyond<br />
Budgeting <strong>Institute</strong>, winner of a Harvard Business<br />
Review/McKinsey M-Prize for Management<br />
Innovation<br />
■ Myth<br />
If my team resists change,<br />
they aren’t committed<br />
Resistance is a normal response<br />
to change. In fact, it demonstrates<br />
progress—it’s an indicator that<br />
we’ve acknowledged the change<br />
is real, and we are focusing<br />
more of our attention on what’s<br />
happening.<br />
Helping team members<br />
Photography: Courtesy, Paul Gibbons; Bjarte Bogsnes; <strong>Truist</strong>; Rick Western; <strong>Truist</strong><br />
overcome resistance to change is challenging. But it’s<br />
the starting point for shifting our focus from the past<br />
to the future.<br />
It’s never too late to encourage involvement, even if<br />
gathering input and feedback from employees before<br />
changes are introduced is your ideal. Employee insight can<br />
help you uncover potential challenges as changes are<br />
implemented and make the outcome even better.<br />
Finally, resistance is how we internally process the<br />
personal impact of the change. It’s where we come to<br />
terms with potential gains and losses, identify bestand<br />
worst-case outcomes, and shift our energy to what<br />
we can control. The risk? If we don’t process resistance<br />
when it naturally occurs, resistance keeps coming back<br />
over and over again, and gets in the way later on.<br />
Remember, resistance is not the final destination.<br />
We can use it to our advantage as leaders and support our<br />
teams to begin moving forward toward commitment.<br />
—Ros Guerrie, M.Ed.<br />
Educational <strong>Leadership</strong> Programs Manager,<br />
<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
■ Myth<br />
Change can be managed<br />
effectively through top-down<br />
communications<br />
Change is about energizing<br />
and mobilizing hundreds if not<br />
thousands of people to behave in<br />
new and different ways. Accomplishing<br />
this requires a balance<br />
of leadership and management.<br />
And while the “cascading”<br />
top-down approach might work<br />
in unique crisis situations, it is<br />
largely ineffective in today’s fast-changing world.<br />
Instead, a communication strategy to support<br />
change needs to incorporate top-down, bottom-up,<br />
and side-to-side support. The contrast between this<br />
approach and the cascading approach is like the<br />
contrast between the original single-channel<br />
monographic phonograph and today’s digitally<br />
enhanced surround sound.<br />
Involving many more people in leading change<br />
initiatives has helped me, and other leaders I have<br />
worked with, to quickly and effectively create a sense<br />
of urgency within entire organizations in support of<br />
desired changes. And that speed is important:<br />
Research has shown the need to achieve full<br />
engagement from a minimum of 50%+1 of the entire<br />
change population in order to be successful with most<br />
change initiatives. Shortening the time required to<br />
achieve this level of buy-in generates quantifiable<br />
results more quickly and greatly increases the<br />
likelihood the change will stick.<br />
— Rick Western<br />
CEO, Kotter International Inc.<br />
■ Myth<br />
Everyone on your<br />
team shares your enthusiasm<br />
for a particular change<br />
Starting something new<br />
can feel great. When you<br />
initiate a change, you commonly<br />
feel a sense of uninformed<br />
optimism. As a leader, you feel<br />
a level of certainty that the<br />
change is a good idea—and<br />
you may fail to anticipate<br />
the predictable drop in<br />
performance when a change is launched.<br />
This happens because the team has a different<br />
psychological reaction to change than you. They may<br />
feel a change is done “to them.” The brain is wired to<br />
detect threats, and the natural initial reaction for most<br />
people is to see change as a threat. Instead of sharing<br />
your enthusiasm, team members typically react with<br />
denial or resistance.<br />
Don’t take this personally, and don’t let it derail your<br />
efforts to lead the change. Instead, work to move<br />
others toward the forward-looking exploration and<br />
commitment phases of change.<br />
— S. Chris Smith, Ph.D.<br />
Executive Consultant, <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong> ■<br />
28 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong><br />
<strong>2021</strong> truistleadershipinstitute.com 29
By Karen Sommerfeld<br />
How much does it matter?<br />
Introvert...<br />
or extravert?<br />
onversations around introvert and extravert personalities in the workplace seem to be<br />
popping up everywhere. The topic gained traction during the pandemic, as we all started<br />
thinking harder about how we work together. The media have latched on, with articles<br />
informing leaders that “introverts dread returning to the office” and “extraverts are<br />
struggling with work-from-home policies.”<br />
How should a leader respond? When leading introvert or extravert teammates, there’s one<br />
key to success, says Sally Woods, Ed.D., executive consultant at <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>.<br />
Go beyond the stereotypes and get to know your colleagues. Effectively considering the introvert<br />
or extravert question is really part of a leader’s larger search for new ways to help a team thrive<br />
and increase productivity. Introversion and extraversion are dimensions of personality that<br />
researchers can definitively measure.<br />
Beware of leading with stereotypes<br />
The preference for introversion or extraversion begins to appear in childhood and shapes the way<br />
we interact, learn, and work all our lives. In broad terms, those with a preference for extraversion tend<br />
to draw energy from being around people, making things happen, and talking through issues while<br />
getting input from others. Those with an introversion preference are drawn to their inner world of<br />
thoughts and ideas, preferring to think through what they’re going to do before taking action.<br />
They’re most comfortable working alone or with one or two other people.<br />
It might seem obvious who on your team is an introvert and who isn’t, but Woods advises leaders to<br />
use caution when looking at staff through this lens. “We often look at these things informally, but the<br />
informal use of the terms introvert and extravert has no science behind it,” she says. Woods says it’s<br />
easy to misinterpret someone’s behaviors as being extraverted or introverted. “An employee may<br />
30 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong> <strong>2021</strong> truistleadershipinstitute.com 31
Introvert or extravert?<br />
Working better<br />
together<br />
Executive Consultant<br />
Dr. Sally C. Woods is one<br />
of the experts who leads<br />
programs at <strong>Truist</strong><br />
<strong>Leadership</strong> <strong>Institute</strong>, like<br />
Mastering <strong>Leadership</strong><br />
Dynamics, and also<br />
personalized individual<br />
and team offerings fit<br />
to your organization’s<br />
specific goals and<br />
challenges. Learn more<br />
at truistleadership<br />
institute.com or by<br />
calling (336) 665-3300.<br />
Get even<br />
more leadership<br />
expertise from<br />
<strong>Truist</strong> <strong>Leadership</strong><br />
<strong>Institute</strong>’s <strong>Leadership</strong><br />
Amplitude podcast.<br />
Recently, our experts<br />
explored the topic of<br />
introversion versus<br />
extraversion in a threepart<br />
series. Learn more<br />
by listening to <strong>Leadership</strong><br />
Amplitude on<br />
Apple Podcasts,<br />
Google Podcasts,<br />
Stitcher, or Spotify.<br />
have a preference for introversion, but their job<br />
requires them to use extraversion behaviors all day<br />
long. Their manager sees that behavior and may come<br />
to the erroneous conclusion that this person is an<br />
extravert, which may lead the manager to have<br />
misinformed expectations of that employee,”<br />
warns Woods. This kind of stereotyping around<br />
introversion and extraversion doesn’t end there.<br />
■ Stereotype: People are either introverted or extraverted.<br />
People aren’t always one or the other: The preference is<br />
on a spectrum, with a significant percentage of individuals<br />
near the middle, says Woods. All of us, no matter our clarity<br />
of preference on the extraversion/introversion scale,<br />
have the capability of behaving in either extraverted or<br />
introverted ways.<br />
■ Stereotype: Extraverts are more successful.<br />
Woods says neither introversion nor extraversion makes<br />
one better or more effective at work. “There’s no one best<br />
way to approach all situations,” she says. “And certainly,<br />
from a leadership perspective, there is no preference that<br />
makes one a better leader than the other.”<br />
■ Stereotype: You can treat all introverts or all extraverts<br />
the same way. It’s not true that every person with an<br />
extraversion preference is noticeably outgoing. And, those<br />
who prefer introversion are not necessarily shy (shyness is<br />
unrelated to an introversion preference). Relying too much<br />
on the labels “introvert” or “extravert” is an oversimplification<br />
of human behavior. There are other personality traits to<br />
consider, such as being open to change or more cautious, or<br />
the level of a person’s impulse control.<br />
■ Stereotype: Extraverts have hated working from home,<br />
and introverts loved it. Working from home has not been a<br />
universal experience—remember, 29% of workers haven’t<br />
worked from home at all. Those who flourished at home<br />
did so for many reasons apart from whether they could<br />
be considered an introvert or an extravert.<br />
The stereotypes point out the dangers for leaders:<br />
“As a leader, if I decided that one of my teammates is an<br />
extravert, I might assume he’ll never take the time to<br />
think through things,” Woods says. “It automatically<br />
limits my thinking—limits my interactions with him, my<br />
expectations of him. It limits what I notice, because we<br />
tend to notice what we assume.”<br />
Woods says leaders need to ask themselves more<br />
questions than “Is this person an introvert or an<br />
extravert?” Instead, try: “What’s getting in my way of<br />
seeing a teammate as more than what I assume she is?<br />
Why am I coming to that conclusion?”<br />
“It might lead me to ask the other person, ‘What’s<br />
important to you?’ or talk more deeply with them about<br />
the behaviors I’m noticing,” she explains.<br />
Leading through awareness of your own<br />
introversion or extraversion preference<br />
Developing an awareness of your preference opens the<br />
door to understanding what your nonpreference is, so<br />
you can practice more of that. Put another way: Leaders<br />
tend to offer teams what they would like, such as an<br />
extraverted leader providing open floor plans for<br />
collaboration with no space set aside for quiet reflection.<br />
A self-aware leader might instead seek out a workspace<br />
plan that accommodates various preferences.<br />
“No leader is paid to stay in their comfort zone,” says<br />
Woods. “If I have a preference for extraversion, I’m not<br />
paid just to extravert. I’m paid to use behaviors that<br />
are most effective in the moment. So I’ll pull from my<br />
preference as well as my nonpreference, depending<br />
on what’s needed from me to get the best possible<br />
outcome in that situation.”<br />
Making the workplace more comfortable while<br />
offering the gift of discomfort<br />
Woods says that, even though looking at introversion<br />
and extraversion isn’t the most conclusive way to look<br />
at your team, it can be useful. It’s highly likely you have<br />
both on your team; taking that as a given, you can make<br />
decisions that will help the two groups work together.<br />
Woods offers a hypothetical: “A team returns to<br />
their workspace, which is an open design, and some<br />
teammates are thinking through work problems out<br />
loud with each other,” says Woods, who adds that<br />
thinking aloud is often an extravert behavior.<br />
“Meanwhile, teammates with an introversion<br />
preference right beside them need some quiet time to<br />
think and do their work, and the extraverts’ discussion<br />
may interfere with that.” A possible solution is that the<br />
team sets some ground rules so that everyone can use<br />
the space in a way that works for the whole team. That<br />
could lead, says Woods, to a solution where the leader<br />
creates a huddle space, where thinking aloud can be<br />
done while respecting others’ need to work quietly.<br />
The idea is to create the physical space and culture<br />
where everyone can work the way they are most<br />
productive while still accommodating and valuing the<br />
preferences of others.<br />
She also posits that it’s perfectly acceptable—<br />
actually necessary—to encourage teammates to accept<br />
a new challenge. “Sometimes an introvert has to speak<br />
in front of a crowd if it’s part of the job. If we stay only in<br />
our comfort zone, we’ll never grow as human beings,”<br />
she says. Learning new skills, while uncomfortable at<br />
first, can help teammates add more value, “and<br />
developing others is one of the most important<br />
responsibilities of a leader. So, asking teammates to<br />
work outside their comfort zone is a real gift to them.” ■<br />
Critical<br />
knowledge<br />
The Psychology of Better Business TM<br />
32 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong>
Education: Students<br />
By Liz Olech<br />
Developing<br />
the next<br />
generation<br />
of Latino<br />
leadership<br />
Latino students<br />
represent one of<br />
the fastest-growing<br />
demographics in<br />
higher education.<br />
That’s why they are<br />
a focus of the growth<br />
of <strong>Truist</strong> <strong>Leadership</strong><br />
<strong>Institute</strong>’s Emerging<br />
Leaders Certification<br />
program.<br />
Photography: Sergio Mendoza Hochmann/Getty Images<br />
Many Latino students have a clear goal to become a leader, but the path to<br />
becoming one is often murky. <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>’s ELC program offers Latino<br />
students learning pathways to help them grow into the leaders they wish to be.”<br />
espite the fact that undergraduate college<br />
enrollment is at an all-time low, Latinx and<br />
Hispanic students are quickly gaining increased<br />
representation in higher education. And that trend is<br />
expected to continue.<br />
“When you look at the data in the United States,<br />
one in five students today, 24% of the kindergarten<br />
through 12th-grade student population, is Hispanic<br />
or Latino,” says Kevin Ortiz, senior student leadership<br />
specialist at <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>. “Fast-forward<br />
to 2050, and a lot of data shows that one in three<br />
Americans will be Hispanic or Latino.”<br />
More Latino students today means higher<br />
percentages of Latino leadership tomorrow—in<br />
government, business, and every other sector.<br />
<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong> is delivering leadership<br />
training to students. Its partnerships with more than<br />
85 colleges and universities have meant training for<br />
more than 13,500 students (as of July <strong>2021</strong>). And<br />
specialists like Ortiz are making sure the Emerging<br />
Leaders Certification (ELC) program reaches more<br />
Hispanic and Latinx students.<br />
Latina + ELC: Two students’ perspectives<br />
Melanie Godinez-Cedillo, a senior at University<br />
of North Carolina-Chapel Hill, completed the<br />
certification program online as a college sophomore.<br />
She says taking the program then helped her to<br />
realize her leadership strengths and weaknesses early<br />
in her college career, as well as how her beliefs impact<br />
her leadership behaviors. She was able to put her new<br />
learnings into practice for her final two years.<br />
“The program gave me confidence to lead with<br />
purpose,” says Godinez-Cedillo. “As a co-president<br />
of Mi Pueblo, the largest Latinx organization on<br />
UNC’s campus, I often revert to my training with the<br />
<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong> to better understand my<br />
own leadership style—pinpointing specifically where<br />
there could be gaps in my leadership and actively<br />
working to close them.”<br />
Nicole Gonzalez Ong, a senior at Boston University,<br />
agrees that the program helps students focus on<br />
what it means to be a leader. “My greatest takeaway<br />
from the program was that there is no secret formula<br />
—Nicole Gonzalez Ong, Boston University<br />
to being a leader,” she says. “Different situations,<br />
environments, and people will demand varying<br />
methods of leadership, so leaders must be dynamic<br />
and open to change.”<br />
As a Latina person, Gonzalez Ong says the ELC<br />
program was a great opportunity to meet students<br />
from similar backgrounds and talk about their career<br />
aspirations. “Many Latino students have a clear goal<br />
to become a leader, but the path to becoming one<br />
is often murky,” she says. “The ELC program offers<br />
Latino students learning pathways to help them<br />
grow into the leaders they wish to be and become<br />
role models in their professional careers<br />
and communities.”<br />
Reaching Latinx students<br />
Currently, the ELC program is available at four<br />
Hispanic-serving institutions (University of Central<br />
Florida, University of Texas at Arlington, University<br />
of Houston, and Southern Adventist University),<br />
which are colleges or universities where Hispanic<br />
students are at least 25% of the full-time student<br />
body. Ortiz says <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong> has also<br />
been able to reach Hispanic students through<br />
new unique partnerships, such as with the<br />
Association of Latino Professionals for America,<br />
the University of North Carolina-Chapel Hill’s<br />
Carolina Latinx Center and the Hispanic<br />
Scholarship Fund.<br />
“We bring the ELC program where the Hispanic<br />
and Latino students already are,” Ortiz says, “and<br />
we know they are seeking scholarships, networking,<br />
and talking to each other through these associations.”<br />
Participating students also say that the program is<br />
effective. According to 2020-<strong>2021</strong> survey feedback,<br />
80% of students ranked <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>’s<br />
ELC program as better than other leadership courses<br />
they’ve taken.<br />
“Our focus at <strong>Truist</strong> is to build and inspire better<br />
lives and communities,” says Ortiz. “Bringing this<br />
leadership coaching and leadership training to<br />
the next group of folks who are going to be<br />
impacting the community, churches, schools—<br />
it’s really why we do it.” ■<br />
How to train as a<br />
program facilitator<br />
for your campus<br />
Are you interested in<br />
becoming an external<br />
facilitator of the<br />
Emerging Leaders<br />
Certification program<br />
on your campus?<br />
<strong>Truist</strong> <strong>Leadership</strong><br />
<strong>Institute</strong> hosts a summer<br />
training program for<br />
faculty and staff from<br />
partner colleges and<br />
universities.<br />
For more information,<br />
please visit the <strong>Truist</strong><br />
<strong>Leadership</strong> <strong>Institute</strong><br />
Student Leaders<br />
webpage and contact<br />
Student <strong>Leadership</strong><br />
Programs Manager<br />
Brittany Brown at<br />
Brittany.Brown<br />
@truist.com or call<br />
336-665-3300.<br />
34 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong> <strong>2021</strong> truistleadershipinstitute.com 35
Problem, solution<br />
By Britta Waller Melton | Photography by Patrick Heagney<br />
Global growth<br />
through better<br />
teamwork<br />
I was excited about the idea of pulling people away and collaborating<br />
in a different form like we did. We were looking for improvements in communication<br />
and breaking down silos.” —Mike Dubin, president and CEO, Beaver Manufacturing Company<br />
Developing<br />
a better<br />
understanding<br />
of one another is<br />
the formula for<br />
facing challenges<br />
and reaching<br />
company goals<br />
at Beaver<br />
Manufacturing<br />
Company.<br />
xpanding production into the European<br />
market was proving challenging for Beaver<br />
Manufacturing Company Inc., which supplies<br />
reinforcing fibers for industrial use.<br />
“We looked at several marketing arrangements<br />
that just didn’t work out as we’d hoped,” explains<br />
Mike Dubin, president and chief executive officer of<br />
the company, which is headquartered in Mansfield,<br />
Georgia. “And basically then we said, ‘We’ve got to<br />
control our own destiny.’ ”<br />
So Dubin and his team identified and closed on an<br />
acquisition of Intercord Thüringen GmbH of Germany<br />
in September 2020. (Yes, you read that right—in the<br />
middle of the pandemic.) With this merger/acquisition<br />
route, the company achieved its goal of adding<br />
manufacturing capabilities in Europe while adding new<br />
products and industry sectors to its suite of offerings.<br />
What helped Beaver Manufacturing take control<br />
of its own global destiny? Determination for<br />
Talking teamwork<br />
From left, President and CEO<br />
Mike Dubin, Supply Chain Manager<br />
Kathy Wilson, and Global Sales<br />
Manager Mark Eagle chat<br />
in Beaver Manufacturing<br />
Company’s Mansfield, Georgia,<br />
headquarters.<br />
36 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong><br />
<strong>2021</strong> truistleadershipinstitute.com 37
Problem, solution<br />
I think we’re looking ahead<br />
at the next 50 years of the company<br />
being much more diverse<br />
in what we do . . . ”<br />
— Enrique Quirarte, Beaver Manufacturing<br />
Right:<br />
Enrique Quirarte,<br />
general manager for<br />
Mexico and South America,<br />
with a spool of Beaver<br />
Manufacturing–treated yarn.<br />
certain. But the company and its leaders also went<br />
into 2020 with something else working to their<br />
advantage: leadership training and team-building<br />
experiences facilitated by <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>.<br />
A short company history<br />
Chemist Ed Needham and engineer Kenneth King<br />
founded Beaver Manufacturing in 1971 in a former<br />
cotton mill in Mansfield, Georgia. Needham had an<br />
idea for a proprietary way to treat synthetic yarn to<br />
better adhere to rubber. Today, Beaver Manufacturing<br />
sells<br />
a wide range of specialized fibers in the automotive<br />
and industrial sectors; the fibers strengthen<br />
hoses, belts, tires, couplings, air springs, and many<br />
other industrial components.<br />
In 2017, Beaver was seeing revenue growth in<br />
Latin America, as well as in the United States. To<br />
meet demand, the company opened a manufacturing<br />
plant in June 2018 in Tepeji, Mexico, about 45 miles<br />
northwest of Mexico City.<br />
A key player joined the Beaver Manufacturing team<br />
at that point: Enrique Quirarte, general manager<br />
for Mexico and South America. Tapped to launch<br />
production operations in Mexico, Quirarte first got to<br />
know Beaver when the company was his customer<br />
in a previous role as a marketing manager.<br />
“I was familiar with Beaver’s leadership and the<br />
company culture,” Quirarte says. “I was exited about<br />
the challenge of starting operations in Mexico<br />
working with this team and helping the company<br />
grow.”<br />
The benefits of an individualized approach<br />
In 2019, Quirarte became the first of the company’s<br />
executive leaders to travel to Greensboro, North<br />
Carolina, for the on-site portions of the Mastering<br />
<strong>Leadership</strong> Dynamics program. It proved to be a<br />
very different experience than what he was used to.<br />
At other leadership development workshops<br />
Quirarte attended, little of the training came directly<br />
from an expert. “All the training I got in the past was<br />
from someone that got trained by someone else to<br />
give the training,” he says. “They needed a mass scale<br />
with a lot of people.” That diluted the effectiveness of<br />
those sessions in a way he didn’t realize at the time.<br />
At <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>, he found the<br />
focus was on impact to participants, not volume of<br />
employees served. “They [the program facilitators]<br />
were true professionals with a lot of experience and a<br />
lot of background on the subject matter,” he says.<br />
“You can tell that immediately, in the way they<br />
manage themselves and the way they manage the<br />
group.”<br />
Quirarte says he came out of the program with a<br />
much better understanding of himself as a leader<br />
and with tools to be more aware of how he reacts in<br />
different situations. He also developed the knowledge<br />
he needed to control the direction of his leadership day<br />
to day, rather than letting his emotions or fear of failure<br />
take over.<br />
“It helped me understand others,” he says.<br />
“It was a very nice set of tools to really understand<br />
other people that I’m leading and what are the things<br />
that I could do to lead better, to make them also<br />
be better leaders.”<br />
Quirarte reported what he learned back to Dubin<br />
and the other leaders at Beaver Manufacturing.<br />
“Through the great experience that I had, I think it was<br />
clear for us that we needed to make something for our<br />
team,” Quirarte says. Shortly afterward, Dubin called<br />
the <strong>Leadership</strong> <strong>Institute</strong> and began planning an offsite<br />
team-building session for a cross section of just over<br />
a dozen leaders from the company.<br />
Exceeding the goals and defining a purpose<br />
Executive Consultant Chris Smith facilitated Beaver<br />
Manufacturing’s team-building sessions, which took<br />
place in January 2020. “I can remember having a<br />
conversation with Mike about the fact that they were<br />
Photography: Courtesy Beaver Manufacturing<br />
going to rent a bus and drive up here together,” says<br />
Smith. Dubin specifically wanted to have the teambuilding<br />
participants spend several hours on the road<br />
together, rather than travel separately. “That stuck<br />
with me because it was a sign that he really wanted to<br />
accelerate team cohesion.”<br />
The team-building was successful yet hard work.<br />
“I was excited about the idea of pulling people away<br />
and collaborating in a different form like we did.<br />
We were looking for improvements in communication<br />
and breaking down silos,” Dubin says. “We did break<br />
down barriers a good bit—doing some bonding,<br />
doing some understanding of each other, trying to<br />
figure out how to understand how we operate as<br />
individuals and how we operate as a team—and that<br />
wasn’t all pretty, by the way.” But the program paid<br />
off in unexpected ways.<br />
The sessions resulted in Dubin, Quirarte, and<br />
the other leaders drafting the company’s formal<br />
4 key takeaways<br />
Although Beaver<br />
Manufacturing<br />
Company Inc.<br />
is in a specialized<br />
industry, lessons<br />
from its leadership<br />
development and<br />
team-building journey<br />
apply to any growing<br />
company.<br />
Use the power of<br />
transparency.<br />
The executive team shares<br />
key strategic plans with<br />
mid-level managers, and<br />
invites them to periodic<br />
innovation brainstorms.<br />
Thus, they get more support<br />
on their initiatives,<br />
and the company benefits<br />
from a larger, more diverse<br />
pool of ideas for future<br />
endeavors.<br />
purpose—a first in the company’s 50-year history.<br />
As well, Dubin says, “We redefined our mission and<br />
vision to better fit what we’re doing and how we’re<br />
operating.”<br />
They also committed to share with more employees<br />
the overall strategy for the company; to establish<br />
rules for more effective meetings; and to build<br />
comfort with more frequent and useful feedback<br />
among one another. “One of the big things for us is<br />
making sure that we have the hard conversations,”<br />
Dubin says, “and that we’re more open and honest<br />
with people about what’s going on.”<br />
Quirarte explains that the company’s aspirations<br />
are at a new level as a result of their experience<br />
with <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>. “I think we’re<br />
looking ahead at the next 50 years of the company<br />
being much more diverse in what we do, how we<br />
approach things, looking for new opportunities,<br />
looking for new business,” he says.<br />
Be persistent.<br />
The company didn’t<br />
immediately reach its goal<br />
of production capacity<br />
in Europe. It took more than<br />
one attempt. And if the<br />
acquisition of Germany’s<br />
Intercord hadn’t worked<br />
out, the executive team was<br />
ready with a list of other<br />
ideas to try in Europe,<br />
such as reclaiming<br />
brownfields.<br />
Think past your<br />
career timeline.<br />
Executives at Beaver<br />
talk about plans for the<br />
company’s next 50 years,<br />
which is beyond when<br />
they’ll retire. But setting<br />
their sights so far ahead<br />
signals their commitment to<br />
building something strong<br />
enough to provide value to<br />
customers and employees<br />
they haven’t even met yet.<br />
Try new things.<br />
In the past five<br />
years, executives headed<br />
into new territory—such<br />
as holding professionally<br />
facilitated team-building<br />
sessions.<br />
38 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong><br />
<strong>2021</strong> truistleadershipinstitute.com 39
Problem, solution<br />
One of the big things for<br />
us is making sure that we have the<br />
hard conversations, and that we’re<br />
more open and honest with people<br />
about what’s going on.”<br />
Custom<br />
solutions for your<br />
organization’s<br />
success<br />
From team-building to<br />
executive coaching,<br />
<strong>Truist</strong> <strong>Leadership</strong><br />
<strong>Institute</strong> experts like<br />
Executive Consultant<br />
Chris Smith, Ph.D., get to<br />
know your organization’s<br />
needs and the right<br />
leadership development<br />
strategies to impart.<br />
To learn more about<br />
off-site, virtual, and<br />
in-person programs<br />
from <strong>Truist</strong> <strong>Leadership</strong><br />
<strong>Institute</strong>, visit truist<br />
leadershipinstitute.com.<br />
Putting learning into practice<br />
After the company’s leaders left Greensboro,<br />
their work continued. They needed to practice what<br />
they were aiming for, not just talk and meet—or<br />
worse, lose focus on it altogether.<br />
Since the close of the training, the group has<br />
met every three months to keep momentum going.<br />
In those follow-ups, the leaders check in on efforts to<br />
make changes to the culture and communication issues<br />
highlighted at the team-building.<br />
For example, one tactic to build empathy between<br />
office staff and manufacturing floor employees had the<br />
office staff take one- to two-hour turns operating the<br />
yarn treating, spinning, and winding machines.<br />
Another initiative focused on increasing peer-topeer<br />
encouragement with tokens that team members<br />
could award one another for small, positive acts that<br />
made a difference for customers or one another.<br />
Tokens are displayed on the “Beaver Board,” and each<br />
month’s top token-getter receives recognition and<br />
a small gift.<br />
One fundamental shift is people starting with the<br />
assumption that everyone wants the best for the<br />
company. “We’re not letting any lack of communication<br />
create problems,” Quirarte explains. Improving<br />
communication can be as simple as backtracking when<br />
there’s a tense exchange: Let’s regroup here. Tell me<br />
what you’re thinking. Tell me what’s important to you.<br />
<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>’s Smith commends<br />
the Beaver Manufacturing leadership team for<br />
understanding the connection between team-building<br />
and their company’s success. “Team cohesion is so<br />
important, because in times of high change and high<br />
uncertainty, there’s going to be a lot of stress. And<br />
when there’s a lot of stress, we are more likely to come<br />
at each other sideways. And we’re going to be less able<br />
to manage ourselves through conflict. But if we get to<br />
know each other well, and we spend time together,<br />
then, when stress does happen, we assume positive<br />
intent,” Smith explains.<br />
“It certainly helped us in terms of dealing with very<br />
difficult situations and figuring out how to get<br />
through them,” Dubin confirms. “You have a better<br />
understanding of what you’re doing as a company,<br />
what you’re trying to accomplish, and also<br />
understanding individuals and how they operate<br />
a little bit better.”<br />
The road ahead<br />
Between April 2020 and December 2020, <strong>Truist</strong><br />
<strong>Leadership</strong> <strong>Institute</strong> and Beaver Manufacturing<br />
continued to stay connected via 1:1 executive<br />
coaching sessions.<br />
“Every time I was losing my mind, I would speak<br />
with Chris to not lose my mind. That’s the simple way<br />
of putting it,” Dubin says.<br />
Smith says every leader can benefit from having an<br />
objective, outside sounding board—especially a CEO<br />
who is steering an international expansion during<br />
a pandemic. “Part of what Mike’s got to do is figure<br />
out, ‘How do I step into this space of not just running<br />
a domestic organization, but now I’m running two<br />
countries, Mexico and U.S. And we’ve just added a third,”<br />
Smith says. “And that’s going to challenge us, because<br />
we’re moving into unknown territory.”<br />
Thankfully, the Intercord merger is proving to<br />
have been the right move, and all of the company’s<br />
customers stayed with the combined company<br />
through the pandemic. “Things are still tough,” Dubin<br />
says. “Labor in Germany and the U.S. is very tough.<br />
There’s still a lot of things to deal with, but even more<br />
so I would say we have great opportunities.”<br />
To help capitalize on those opportunities, Dubin<br />
says Beaver Manufacturing leaders will be back to<br />
<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong> in the future for more<br />
sessions at what he praises as the “fantastic facility”<br />
in Greensboro. “I think that’s the way you have to<br />
do it. It really brings your organization together in<br />
a way that would be difficult to do in another<br />
setting,” Dubin concludes. ■<br />
On the line<br />
Mike Durbin talks with<br />
Shayla Hardwick in the<br />
production area at<br />
Beaver Manufacturing.<br />
40 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong> <strong>2021</strong> truistleadershipinstitute.com 41
Research driven<br />
By Patrick Gallagher, Ph.D.<br />
Improving as a leader:<br />
Where to begin?<br />
When coaching others, do not be too prescriptive. A robust body of research<br />
has found that helping others identify their own behaviors to improve can have more<br />
positive effects than dictating what behaviors they work on.”<br />
—Patrick Gallagher, Ph.D., <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
Finding a few<br />
minutes a day to<br />
think carefully<br />
about leadership<br />
behaviors can<br />
set the stage<br />
for long-term<br />
improvements.<br />
hanging behaviors to improve one’s own<br />
leadership competencies or to help others<br />
improve their leadership, can be difficult and take a<br />
long time. The first step, of course, is identifying the<br />
behaviors that will make the difference. For some<br />
types of behaviors, like assembly line steps or call<br />
center procedures, finding the behaviors with the<br />
most impact on the bottom line might be easy.<br />
But for leadership, finding the most impactful<br />
behaviors could be more challenging.<br />
After all, one day leadership might take the form<br />
of a rousing speech to a crowd; another day, it might<br />
mean carefully analyzing a situation with your<br />
subordinates and enabling them to take control.<br />
Helping others develop their leadership abilities<br />
poses the same challenges. It can be difficult to<br />
Photography: left, Thomas Barwick/Getty Images<br />
know what behaviors to coach.<br />
You might even have received some feedback<br />
on your leadership skills, tendencies, or<br />
competencies—for example, many leaders complete<br />
or receive 360 o assessments in which they receive<br />
feedback from those they interact with throughout<br />
the organization. That feedback is valuable, but it<br />
still might not identify specific behaviors that a<br />
leader can target for improvement.<br />
So how can leaders know what to work on to<br />
improve their leadership or develop it in others?<br />
Here are three tips, based on research findings,<br />
that can help any leader get started.<br />
Get specific. Goals like “be more empathetic”<br />
or “improve my reactions to challenges”<br />
sound compelling, but they are too broad—<br />
they do not identify how other people will<br />
experience your leadership differently, and<br />
they do not give you a clear picture of how to<br />
improve. Instead, home in on granular details<br />
and identify small, very specific behaviors, such<br />
as “begin each email with a greeting” or “wait<br />
for others to speak before sharing my opinion<br />
in meetings.”<br />
That granular level of specificity might make<br />
it feel like the behaviors you identify are too<br />
minor to make a difference. But working on<br />
specific behaviors, one or two at a time, could<br />
make a big difference to the individuals who<br />
experience those particular behaviors. Also,<br />
taking small steps can give you practice in<br />
changing your behaviors and make the process<br />
easier or faster in the future.<br />
Importantly, when coaching others, do not<br />
be too prescriptive. A robust body of research<br />
has found that helping others identify their own<br />
behaviors to improve can have more positive<br />
effects than dictating what behaviors they<br />
work on (Deci et al., 2017). So help others get<br />
specific about their behaviors and give feedback<br />
about which behaviors are important, but be<br />
careful to let the agency remain with them.<br />
Get mindful. Much of our day-to-day behavior<br />
is habitual or automatic—which is to say, it<br />
happens without us thinking about it (Wood,<br />
2019). To identify behaviors that might have a<br />
big impact on your leadership skills, pay close<br />
attention to regular events in the workplace,<br />
interactions with employees, or sequences.<br />
For example, do you write compact responses<br />
to email inquiries from employees that might<br />
be open to misinterpretation? Do you tend to<br />
engage colleagues in discussions every time<br />
you see them in a hallway, perhaps without<br />
considering their time constraints?<br />
The idea here is to recognize behaviors that<br />
you don’t usually think about but that you may<br />
want or need to change. Those automatic,<br />
habitual behaviors might have a significant<br />
impact on how you are seen as a leader.<br />
Mindfully attending to your daily sequences<br />
can help interrupt that automaticity and give<br />
you control over important behaviors<br />
(Lyddy et al., 2015).<br />
Support voice. Other people might be the best<br />
sources for finding out how to improve yourself.<br />
But you need to provide psychological safety<br />
to hear from them. Psychological safety is<br />
related to several important conditions at work,<br />
including more information sharing and workers<br />
feeling that they can freely voice their challenges<br />
and innovative ideas, even if contrary to the<br />
prevailing norms (Frazier et al., 2017). Those<br />
conditions can help you and others identify<br />
behaviors that could be changed to improve<br />
leadership. Leaders should share the task<br />
of identifying leadership behaviors. They<br />
should also support others in speaking up<br />
about how to improve their own behaviors<br />
and leadership in general.<br />
Spending just a few minutes on these three steps<br />
every day can help leaders identify behaviors to work<br />
on that will improve leadership competencies—their<br />
own and those of the leaders they’re trying to grow. ■<br />
Behavior change<br />
brings results<br />
Experts like Patrick<br />
Gallagher, Ph.D. (above),<br />
director of research<br />
for <strong>Truist</strong> <strong>Leadership</strong><br />
<strong>Institute</strong>, develop<br />
leaders using a model<br />
of behavior change<br />
that helps create<br />
desired organizational<br />
results.<br />
Check out our program<br />
offerings at truistleader<br />
shipinstitute.com.<br />
42 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong> <strong>2021</strong> truistleadershipinstitute.com 43
Program insights<br />
By Michael Fuchs<br />
Tools designed for<br />
lifelong development<br />
Conscious <strong>Leadership</strong>+ helps leaders apply what they’ve learned from<br />
<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong> right away, back at their workplace.”<br />
—Sarah Coley, Ph.D., <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
Conscious<br />
<strong>Leadership</strong>+<br />
prepares leaders<br />
to experience<br />
sustained<br />
improvements in<br />
their leadership—<br />
and their<br />
organization’s<br />
success. Here’s<br />
a closer look.<br />
astering <strong>Leadership</strong> Dynamics (MLD),<br />
the flagship <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
program for senior-level leaders, promises participants<br />
a lot of “aha!” moments and self-discovery during its<br />
virtual sessions and three in-person workshop days.<br />
Those results have the potential to have a longlasting<br />
effect on a leader’s career and in their workplace.<br />
Self-awareness is a process that’s never finished,<br />
however, and improvement takes consistent,<br />
lifelong practice.<br />
That’s where the new Conscious <strong>Leadership</strong>+<br />
offering from <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong> comes in.<br />
Conscious <strong>Leadership</strong>+ is best described as a suite<br />
of tools that motivates leaders to apply what they’ve<br />
learned after finishing a <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />
program, though some tools can be used during<br />
the program as well.<br />
One example from the Conscious <strong>Leadership</strong>+ collection<br />
is the BChange Tool (“B” stands for behavior), which<br />
allows leaders to identify specific behaviors that require<br />
attention. Leaders will either initiate new habits that better<br />
serve their leadership purpose or stop counterproductive<br />
ones that work against it. Other Conscious <strong>Leadership</strong>+<br />
tools are set to be rolled out in 2022.<br />
“Conscious <strong>Leadership</strong>+ helps leaders apply what<br />
they’ve learned from <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong> right<br />
away, back at their workplace,” says Sarah Coley, AVP<br />
and senior consultant at <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>.<br />
“Rather than all of their growth taking place within the<br />
MLD program, we see Conscious <strong>Leadership</strong>+<br />
as equipping leaders to grow for life.”<br />
Conscious <strong>Leadership</strong>+ is currently only offered to<br />
graduates of MLD at no additional cost. Coley says<br />
there are plans to add even more tools to the Conscious<br />
<strong>Leadership</strong>+ suite and adapt each to the other<br />
programs offered by <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>.<br />
Here, she describes the development and value of<br />
Conscious <strong>Leadership</strong>+.<br />
What was the<br />
inspiration behind<br />
Conscious <strong>Leadership</strong>+?<br />
Conscious <strong>Leadership</strong>+ is a<br />
way to continue the benefits<br />
of leadership development<br />
after a participant has returned<br />
home. For example, the<br />
BChange Tool gives leaders a<br />
chance to apply and practice<br />
what they’ve learned with<br />
us. It was developed because<br />
changing habits can be<br />
uncomfortable and new, even<br />
for motivated leaders. But over<br />
time and with the practice<br />
offered by the tool, it starts to<br />
feel more intuitive and natural.<br />
While taking our programs,<br />
leaders might sense that<br />
they can use the content to<br />
substantially bolster their skills,<br />
and Conscious <strong>Leadership</strong>+<br />
is intended to efficiently<br />
unlock that potential.<br />
How does the suite of<br />
tools work to increase<br />
conscious leadership?<br />
Conscious <strong>Leadership</strong>+<br />
enhances a leader’s selfawareness.<br />
On a large<br />
scale, it builds the leader’s<br />
understanding of how they can<br />
improve their impact within<br />
their organization. On a small<br />
scale, it helps a leader examine<br />
the daily behaviors that they<br />
can enhance to improve their<br />
leadership, and then helps<br />
them practice those<br />
enhancements.<br />
Conscious <strong>Leadership</strong>+<br />
helps leaders to be realistic but<br />
deliberate in their improvement<br />
efforts. Teaching yourself new<br />
habits won’t immediately lead<br />
to better overall organizational<br />
productivity, but when<br />
you sustain these habits,<br />
you contribute to a work<br />
environment that helps teams<br />
perform at their best.<br />
Conscious <strong>Leadership</strong>+ is not<br />
equipping leaders to change<br />
one behavior for merely a few<br />
weeks. The tools give leaders<br />
something they can use to<br />
improve for years to come.<br />
Is Conscious <strong>Leadership</strong>+<br />
based on what participants<br />
learn in MLD?<br />
Conscious<br />
<strong>Leadership</strong>+<br />
Sarah Coley, Ph.D., is a member of the Research Team helping to develop Conscious <strong>Leadership</strong>+,<br />
a suite of tools that enhances the programs offered through <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>.<br />
For more information about Mastering <strong>Leadership</strong> Dynamics and Conscious <strong>Leadership</strong>+,<br />
please visit truistleadershipinstitute.com or call us at 336-665-3300.<br />
For a long time, self-awareness<br />
has been a cornerstone concept<br />
in <strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong>’s<br />
programs.<br />
That’s also true for Conscious<br />
<strong>Leadership</strong>+, which makes<br />
it a natural extension of our<br />
programs. But some elements<br />
of Conscious <strong>Leadership</strong>+, such<br />
as understanding habit change,<br />
were not originally covered<br />
in MLD. That said, we’ve also<br />
expanded some content in MLD<br />
to help leaders comprehend and<br />
prepare for the process of habit<br />
change that they’ll experience<br />
through the BChange Tool from<br />
Conscious <strong>Leadership</strong>+.<br />
Learning how to change a<br />
single behavior for the better<br />
is just the first step in changing<br />
any number of behaviors. ■<br />
44 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong><br />
<strong>2021</strong> truistleadershipinstitute.com 45
Program insights<br />
Transform your<br />
leadership<br />
<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong> offers a range of programs, workshops, and services that are<br />
transformative for participants. Our approach is grounded in science and proven in business—<br />
and we recently expanded our range of options to include programs that can be held at our<br />
state-of-the-art campus, your location, or virtually.<br />
We’re living and working in an environment where change is constant and<br />
uncertainty is ever-present. What are you doing to make sure that your leadership<br />
is sustainable during these challenging times?”<br />
<strong>Leadership</strong><br />
Development<br />
Change<br />
Teams Management Engagement Talent<br />
New: 90-minute virtual workshops<br />
For senior-level teams and individual leaders<br />
Program<br />
Flagship<br />
Program:<br />
Mastering<br />
<strong>Leadership</strong><br />
Dynamics TM<br />
Leading<br />
Culture,<br />
Change,<br />
and<br />
Engagement<br />
<strong>Leadership</strong><br />
Success<br />
for<br />
Mid-Level<br />
Management<br />
Tailored:<br />
Building<br />
High-<br />
Performance<br />
Teams<br />
The<br />
Psychology<br />
of<br />
Change<br />
Engagement<br />
Analysis<br />
and<br />
Consulting<br />
Engagement<br />
and Motivation<br />
Strategies<br />
Improving<br />
Your<br />
Company’s<br />
Talent<br />
Strategy<br />
Better Leaders:<br />
The Beliefs<br />
That Drive<br />
Results<br />
Building Better:<br />
Embracing the<br />
Opportunity of<br />
Change<br />
Insightful<br />
Communication<br />
During Times<br />
of Conflict<br />
Light the<br />
Spark:<br />
Creating<br />
an Engaged<br />
Workforce<br />
Managing<br />
Stress<br />
Through<br />
Resilience<br />
Powerful<br />
Conversations<br />
for<br />
Team<br />
Development<br />
What You’ll<br />
Learn<br />
Who It’s For<br />
Learn to recognize<br />
and apply appropriate<br />
leadership<br />
strategies to effectively<br />
inspire greater<br />
performance with our<br />
flagship program.<br />
CEOs,<br />
other executives,<br />
and<br />
senior leaders<br />
Lead your<br />
organization in<br />
three key areas of<br />
culture development,<br />
employee engagement,<br />
and managing<br />
change.<br />
CEOs,<br />
other executives,<br />
and<br />
senior leaders<br />
Learn how to choose<br />
the most appropriate<br />
strategies to address<br />
people and situations<br />
while staying on<br />
purpose and keeping<br />
people engaged.<br />
Mid-level leaders<br />
who lead teams<br />
and/or operational,<br />
group, or department<br />
managers<br />
Leverage<br />
performance, build<br />
teamwork, and<br />
strengthen<br />
relationships.<br />
Executive<br />
teams<br />
and seniorlevel<br />
teams<br />
Understand the<br />
psychological<br />
process of change,<br />
along with strategies<br />
to keep your team<br />
and organization<br />
engaged and moving<br />
forward.<br />
Mid- to senior-level<br />
leaders with responsibility<br />
for leading<br />
changes in the department,<br />
business unit,<br />
or organization<br />
Get an accurate<br />
diagnosis of your<br />
organization’s<br />
engagement culture<br />
and the underlying<br />
factors that are<br />
impacting<br />
engagement levels.<br />
CEOs,<br />
other executives,<br />
and<br />
senior leaders<br />
Understand the<br />
neuropsychology<br />
of employee<br />
engagement and<br />
learn strategies<br />
to increase<br />
engagement.<br />
CEOs,<br />
other executives,<br />
and<br />
senior leaders<br />
Enhance your<br />
company’s approach<br />
to acquiring and<br />
developing the<br />
talent you need to<br />
accomplish business<br />
objectives.<br />
CEOs,<br />
other executives,<br />
and<br />
senior leaders<br />
This interactive<br />
team session can<br />
help identify the<br />
beliefs and<br />
behaviors that drive<br />
even better results.<br />
Our ever-changing<br />
world has<br />
highlighted how<br />
critical it is to have<br />
effective change<br />
leadership. In this<br />
workshop, we’ll share<br />
insights on how<br />
to navigate and lead<br />
change.<br />
In this interactive<br />
workshop, we’ll<br />
discuss specific<br />
strategies that<br />
leaders can<br />
implement to help<br />
avoid unproductive<br />
conflict, allowing<br />
them and their teams<br />
to move forward in<br />
empowered,<br />
collaborative<br />
ways.<br />
This workshop<br />
will equip<br />
participants with<br />
a better understanding<br />
of what<br />
engagement is—<br />
what drives it,<br />
what gets in the way,<br />
and what leaders and<br />
teams can do to<br />
enhance it.<br />
What are you doing<br />
to make sure that<br />
your leadership is<br />
sustainable during<br />
these challenging<br />
times? In this<br />
engaging workshop,<br />
we’ll explore how<br />
the brain reacts to<br />
stress and provide<br />
strategies for<br />
how you and your<br />
team can be<br />
more resilient.<br />
The time you<br />
spend working<br />
as a team is an<br />
investment in<br />
your collective<br />
success. During<br />
this workshop,<br />
you will make<br />
your team more<br />
effective through<br />
facilitated<br />
conversation<br />
and activities.<br />
Length<br />
of Program<br />
8-week<br />
blended learning<br />
experience<br />
3 days<br />
3 days<br />
2 days<br />
1 day<br />
Length varies<br />
1 day<br />
Length varies<br />
Location<br />
On-campus sessions<br />
held on our campus;<br />
live online sessions<br />
and self-paced<br />
assignments held<br />
at your location<br />
Held on our campus<br />
or at your location<br />
Held on our campus<br />
or at your location<br />
Held on our campus,<br />
at your location, or<br />
virtually<br />
Held on our campus<br />
or at your location<br />
Held at your location<br />
Virtual<br />
Held on our campus<br />
or at your location<br />
Learn more about our programs at truistleadershipinstitute.com or by calling 336-665-3300.<br />
46 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong> <strong>2021</strong> truistleadershipinstitute.com 47
Inspire and build better lives and communities<br />
How culture drives performance<br />
When<br />
values are<br />
clear and held<br />
deeply, they<br />
provide the<br />
guardrails for<br />
how we<br />
behave.<br />
ulture drives long-term performance, which is<br />
why understanding culture and how it affects<br />
performance is so critical.<br />
Culture is made up of purpose, mission, and values. It is<br />
relatively stable over time and can only be changed with<br />
consistent actions different from the existing culture. The<br />
confusion typically comes when individuals think that<br />
practices and strategies or tactics are culture. They are<br />
not. Two organizations can have similar cultures and very<br />
different strategies and practices. Sometimes people say<br />
culture means “This is how we do things around here.” This<br />
statement really refers to practices, which often adjust due<br />
to changing conditions. Also, strategies can vary within<br />
organizations. For example, at <strong>Truist</strong> we have different<br />
strategies in Eastern North Carolina than we do in Texas.<br />
Practices can also vary based on market circumstances.<br />
Culture doesn’t need to and typically shouldn’t change<br />
based on circumstances or conditions. It’s more permanent<br />
and provides long-term stability and consistency of<br />
performance. Why is that true? Let’s start by defining the<br />
parts of culture.<br />
Purpose is the “why” of an organization. It is the reason for<br />
being, the North Star. Purpose declares what the organization<br />
is trying to accomplish, what it stands for. It is the long-term<br />
outcome that an organization intends to commit itself to<br />
making happen. The purpose does not typically declare how<br />
or what will be done; it’s the why. At <strong>Truist</strong>, our purpose is<br />
“to inspire and build better lives and communities.” Another<br />
word that is used in this context is vision.<br />
Purpose is the most important part of culture because it’s<br />
what allows the organization’s constituents to align with it.<br />
If I am not clear about an entity’s purpose, how can I decide<br />
if I want to be a part of it?<br />
The key driver of performance is the engagement (motivation) of<br />
employees. Humans are motivated pretty much as American psychologist<br />
and philosopher Abraham Maslow described, i.e., focused on the pursuit<br />
of satisfying our needs (physical, safety, social, self-esteem, and selfactualization).<br />
People who are successful and happy in life are the ones<br />
who align with a group of people (organization) in pursuit of a purpose<br />
that in large part meets many of their needs. When this occurs, they are<br />
not “working,” rather they are motivated by pursuing this purpose because<br />
it helps satisfy their own “why.” My personal why for making a positive<br />
impact in the lives of as many people as I can aligns perfectly with our<br />
purpose at <strong>Truist</strong>. Hence, I am highly motivated to help fellow teammates<br />
work hard to accomplish this purpose.<br />
Purpose also provides that sense of direction in challenging times.<br />
While the last several quarters have been hard and many strategies and<br />
tactics of businesses and people have changed dramatically, <strong>Truist</strong>’s and<br />
my personal purpose have not changed at all. That clarity of why we’re<br />
here creates a sense of calm and direction when recent circumstances<br />
could lead to despair and confusion. It really is like Viktor Frankl says<br />
in one of my top five books, “Man’s Search for Meaning,” when quoting<br />
Friedrich Nietzsche: “When you know your why, you can endure any how.”<br />
That statement has surely been battle-tested and stood the test in recent<br />
times. Purpose matters!<br />
Now, mission defines what we do to accomplish our purpose. At<br />
<strong>Truist</strong>, it’s about providing financial resources to help our clients achieve<br />
their dreams, hopes, and goals in life. We do that through providing<br />
an environment in which our teammates can learn, grow, and have<br />
meaningful careers while having many of their motivational needs met.<br />
We also work hard to make our commitments better, all of which results in<br />
optimizing long-term shareholder value.<br />
Our values describe how we live and operate. Values are the beliefs<br />
that drive our behavior, which creates our results (the <strong>Truist</strong> <strong>Leadership</strong><br />
Model). When values are clear and held deeply, they provide the guardrails<br />
for how we behave. That’s because people behave in a manner that is<br />
consistent with their beliefs over time. So, leaders of an organization<br />
should make their values clear so when someone joins, they know if their<br />
personal values align with the entity. When someone joins an organization<br />
and does not share the values, it rarely is a good situation. For example,<br />
one of <strong>Truist</strong>’s core values is being trustworthy. Someone who cannot be<br />
trusted will not make it as a <strong>Truist</strong> teammate. Values are critical!<br />
So, how does culture drive performance? The purpose sets the reason<br />
why, the mission states what we’re doing to accomplish our purpose,<br />
and the values define how we live and operate. Taken together, culture<br />
provides the direction, drive, and alignment that lead to success and<br />
happiness, which is what I pray you will find in life.<br />
Kelly S. King<br />
Executive Chairman<br />
<strong>Truist</strong> Financial Corporation<br />
SunTrust and BB&T have come together as <strong>Truist</strong> Commercial, connecting innovative services<br />
with deep, local expertise to help you achieve your vision for business success.<br />
Our teams stay close so they can be responsive and roll up their sleeves to get to work with<br />
you. We believe in the power of the long term, so we focus on doing what’s right—for you<br />
and your business. Because when your business thrives, it has the power to positively impact<br />
employees, communities, and the world.<br />
Harness the power of two.<br />
To learn more, visit truist.com<br />
Your business vision.<br />
Our commercial expertise.<br />
Strategic Planning & Advisory | Industry Specialization | Debt & Equity Capital | Investment Banking<br />
Treasury Solutions | Commercial Real Estate | Insurance | Wealth Management<br />
© <strong>2021</strong> <strong>Truist</strong> Financial Corporation. BB&T, SunTrust, the BB&T logo, the SunTrust logo, and <strong>Truist</strong> are service marks of <strong>Truist</strong> Financial Corporation. All rights reserved. <strong>Truist</strong> Securities is the trade name for the corporate and<br />
investment banking services of <strong>Truist</strong> Financial Corporation and its subsidiaries. Securities and strategic advisory services are provided by <strong>Truist</strong> Securities, Inc., member FINRA and SIPC. | Lending, financial risk management,<br />
and treasury and payment solutions are offered by <strong>Truist</strong> Bank. | Deposit products are offered by <strong>Truist</strong> Bank, Member FDIC.<br />
48 T ruist <strong>Leadership</strong> <strong>Institute</strong> <strong>Magazine</strong>
The Psychology of Better Business