5 Keys To A Team That Balances Results With Learning
No matter how hard you work as a business leader or entrepreneur, you can’t sustain consistent results without an equally hardworking team, each with a learning mindset. In fact, in my experience as an executive and a mentor to entrepreneurs, sustainable results require a balance between hard work and learning, for you and your team members. Therein lies the challenge.
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Most business leaders I know have found this balance for themselves, but many find it an order of magnitude harder to achieve and sustain this balance within individual teams and throughout the organization. I believe this difficulty stems from the historical use of results-only metrics in measuring performance and rankings, without including learning measures and achievements.
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I see these issues addressed well in a recent book, “The Performance Paradox: Turning the Power of Mindset into Action,” by Eduardo Brice?o. Eduardo is a global pioneer in cultivating growth mindset cultures, and he provides case studies and specific guidance on how individuals, teams, and organizations can overcome this learning and hard work challenge.
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Here is my interpretation of his top five foundation requirements to building great learning teams, with my own insights added:
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For example, Blake Mycoskie, founder of Toms shoes, garnered trust from his team by effectively communicating a higher purpose of helping the needy by donating a pair of shoes for every pair sold. He found that the returns were far greater than the cost.
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Amazon and Jeff Bezos credit much of their growth and success to supporting of unsolicited business “experiments” from anywhere in the organization. Bezos highlights the learning garnered from failures as well as successes from these experiments.
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Another advantage of open communication and transparency is your ability to attract and retain the right kind of talent to your organization. Most HR departments say that hiring and retaining the right team members for every role is one of their biggest challenges.
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As an example, Google spent years studying how to make their teams more effective, and concluded that their single focus on team member psychological safety was the prime contributor to their success. You can start by showing empathy for each individual.
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As a leader, you are the role model for seeking feedback, by asking your teams regularly for feedback on your own performance. Make it a point to really listen to their input, not be defensive, watch body language, and follow up by making the changes suggested.
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You will quickly find that learning teams are more collaborative and productive in normal times, and especially in those challenges where change and innovation is required. Avoid letting them fall into the performance-only trap by shifting their focus from simply doing to learning while doing. Help them improve their skills and discover new career options while doing higher-quality work.