22.12.2021 Views

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.

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<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


Transform your<br />

company and<br />

yourself.<br />

<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong> offers programs rooted in psychology and business to help<br />

develop leaders who can create lasting change in their organizations and beyond.<br />

Browse available programs and register at truistleadershipinstitute.com.<br />

<strong>Leadership</strong> Development | Talent | Teams | Change | Engagement<br />

The Psychology of Better Business <br />

Learn more now<br />

Capture this QR code with<br />

your smartphone to learn<br />

about upcoming programs<br />

and register online.


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 />

©<strong>2021</strong><br />

<strong>Truist</strong> <strong>Leadership</strong> <strong>Institute</strong><br />

7807 Airport Center Drive<br />

Greensboro, NC 27409,<br />

336-665-3300<br />

www.truistleadershipinstitute.com<br />

Pace<br />

Jaimey Easler, Britta Waller Melton<br />

Group Creative Directors<br />

Brian Fiske<br />

Creative Director<br />

Patrick Heagney<br />

Contributing Photographer<br />

Dieter Braun, Orlando Hoetzel<br />

Contributing Illustrators<br />

Pace<br />

1301 Carolina St.<br />

Greensboro, NC 27401<br />

www.paceco.com<br />

Printed by Progress Printing Plus,<br />

Lynchburg, Virginia, USA<br />

Please recycle this magazine.<br />

Follow <strong>Truist</strong> <strong>Leadership</strong><br />

<strong>Institute</strong> on<br />

LinkedIn<br />

Subscribe to <strong>Leadership</strong><br />

Amplitude podcasts on<br />

Stitcher<br />

Apple Podcasts<br />

Spotify<br />

<strong>Magazine</strong><br />

Google Podcasts<br />

A true advisor<br />

knows there’s<br />

more to you<br />

than just your<br />

net worth.<br />

True wealth can’t be gained just by peering at a bottom line. At <strong>Truist</strong> Wealth,<br />

we focus on person-to-person connections and conversations. That helps our<br />

clients see clearly through life’s evolving complexities. And it reveals better<br />

opportunities to create a plan which grows with you, so that you can focus on<br />

what matters most. At <strong>Truist</strong>, we are true advisors.<br />

truist.com/wealth<br />

Wealth<br />

Take<br />

a shortcut.<br />

Capture<br />

this QR code with<br />

your phone to<br />

access the<br />

previous issue.<br />

Investment and insurance products: Are not FDIC- or any other government agency-insured • Are not bank-guaranteed • May lose value<br />

Neither diversification nor asset allocation ensures a profit or guarantees against a loss<br />

<strong>Truist</strong> Wealth is a name used by <strong>Truist</strong> Financial Corporation and affiliates. Banking products and services, including loans, deposit accounts, trust and investment<br />

management services, provided by <strong>Truist</strong> Bank, Member FDIC. Securities, brokerage accounts, insurance/annuities offered by <strong>Truist</strong> Investment Services, Inc., member<br />

FINRA, SIPC, and a licensed insurance agency where applicable. Life insurance products offered by referral to <strong>Truist</strong> Insurance Holdings, Inc., and affiliates. Investment<br />

advisory services offered by <strong>Truist</strong> Advisory Services, Inc., Sterling Capital Management, LLC, and affiliated SEC-registered investment advisors. Sterling Capital Funds<br />

advised by Sterling Capital Management, LLC.<br />

© <strong>2021</strong> <strong>Truist</strong> Financial Corporation. <strong>Truist</strong>, <strong>Truist</strong> Purple, and the <strong>Truist</strong> logo are service marks of <strong>Truist</strong> Financial Corporation.<br />

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!