Week 24.36 Time Horizons

In a recent conversation with Marshall Goldsmith , he shared a profound observation about decision-making: it's all about the decision-maker’s time horizon. This insight sparked a fascinating exploration of how our perceived timeframe influences our choices and, ultimately, our legacy. From the immediate gratification of slot machines to the decade-long commitment of pursuing a Ph.D., our natural or chosen time horizon shapes our actions and aspirations. But what if we extended that horizon even further? What decisions would we make if we operated with a 70-year perspective?

The concept of time horizons plays a significant role in human behavior, often influencing our choices without our conscious awareness. Different activities and pursuits can be associated with varying time perspectives. For example, individuals who enjoy slot machines typically operate within a short-term horizon, focusing on maximizing enjoyment over minutes or hours. During their gaming sessions, they may experience multiple wins, creating a sense of success in the moment. This short-term focus can be compelling due to the immediate positive feelings and sense of achievement it provides. However, it's worth noting that decisions based on short-term perspectives may have different outcomes when viewed over a longer period. In contrast, those pursuing a Ph.D. often adopt a much longer time horizon, sometimes spanning a decade. This approach involves investing considerable time and effort with the understanding that the full benefits of their work may not be immediately apparent. The longer-term perspective associated with such pursuits can facilitate in-depth learning, personal development, and the potential for significant contributions to one's field of study.

Recognizing and consciously choosing our time horizon can be a powerful tool for personal and professional growth. It allows us to align our actions with our long-term goals and values, rather than being swayed by short-term temptations or pressures. For leaders, this awareness is particularly crucial. By adopting a longer time horizon, leaders can make decisions that prioritize sustainable growth, team development, and lasting impact over quick wins or temporary gains. This approach fosters a culture of strategic thinking and long-term value creation within organizations. It encourages leaders to invest in their team's development, even if the results aren't immediately visible. It also promotes ethical decision-making, as leaders consider not just the immediate consequences of their actions, but how they might play out over years or even decades.

Extending our time horizon to 70 years pushes us to think beyond our immediate sphere of influence and even our own lifetimes. It challenges us to consider the legacy we want to leave and the impact we wish to have on future generations. With this perspective, our focus shifts to building enduring relationships, creating sustainable systems, and contributing to causes larger than ourselves. It might lead us to invest more in mentoring young talent, championing long-term environmental initiatives, or establishing foundations that will continue our work long after we're gone. This extended time horizon prompts us to consider the long-term implications of our business practices, pushing for innovations that not only drive profits but also contribute positively to society and the planet. We might find ourselves asking questions like: "What systems can I put in place now that will continue to create value for decades?"

In life and leadership, adopting a 70-year time horizon can transform how we approach our responsibilities and relationships. It prompts us to ask profound questions about the lasting impact of our decisions and actions. By considering the long-term consequences of our choices, we can cultivate a leadership style that is not only effective in the present but also leaves a positive, enduring legacy. For those we lead and love, this approach sets an example of visionary thinking and selfless contribution. It challenges us to look beyond immediate gratification or short-term success and instead focus on creating value that transcends our own time. This perspective can lead to more meaningful connections, as we invest in relationships with reverence to the fact that they will likely span decades. It can also inspire innovation, as we seek solutions to problems that may not fully manifest for years to come. By embracing this extended perspective, we not only enrich our own lives but also contribute to a brighter, more sustainable future for all. The decisions we make today, viewed through the lens of a 70-year horizon, have the power to shape the world long after we're gone. As leaders, it's our responsibility to wield that power wisely, always keeping in mind the ripple effects of our actions across time.

With love, gratitude and wonder.

Scott

The 25-Minute Resilience Revolution: How Top Teams Beat Burnout And Boost Performance by Keith Ferrazzi

Keith Ferrazzi explores the concept of collective resilience in the workplace and introduces a practical tool called the "25-Minute Resilience Spot-Check" to enhance team performance. Research indicates that only 14% of team members feel a shared responsibility for their colleagues' well-being, highlighting a significant opportunity for improvement. The article emphasizes the importance of shifting from individual to collective resilience, especially in light of widespread workplace stress.

The piece presents a quarterly practice designed to boost team resilience through structured discussions and action planning. This approach addresses various aspects of resilience, including cognitive agility, sense of purpose, foresight, and team communication. By implementing this practice, organizations can cultivate stronger, more adaptive teams capable of thriving in uncertain environments. Ferrazzi argues that collective resilience is not just beneficial but essential for success in today's rapidly changing business landscape.

Return on Coaching Experience (ROCE): The Most Important Variable in Getting a Return on Investment in Your Leadership Coaching Is You!

Dave Ulrich , Marshall Goldsmith , and Rebecca Ray explore the rapidly growing field of leadership coaching, highlighting its significant market expansion and increasing adoption by major corporations. They delves into the reasons behind this growth, including the challenges faced by modern business leaders and the high failure rates among new managers. The piece emphasizes the importance of effective coaching in supporting both established and aspiring leaders in their personal and professional development.

What makes this article particularly interesting is its focus on the often-overlooked role of the coachee in the coaching process. It provides practical advice on how individuals can prepare for, engage in, and apply learnings from coaching experiences to maximize their return on coaching experience (ROCE). By offering specific strategies and emphasizing the coachee's responsibility in the process, the article provides valuable insights for anyone considering or currently undergoing leadership coaching, making it a relevant and actionable resource in today's dynamic business environment.

Pinnacle of influence: How the world greatest thought leaders became global gurus

This captivating collection delves into the minds of world-renowned thought leaders, offering readers a unique glimpse into their psychology, experiences, and worldviews. By exploring the journeys of influential figures like Marshall Goldsmith and John Mattone , the book provides invaluable insights into leadership, influence, and personal growth. Each chapter presents a blend of metaphors, anecdotes, and logical progressions, showcasing both successes and failures that have shaped these remarkable individuals.

What makes this compilation particularly intriguing is its focus on the human elements behind global recognition. By examining the beliefs, values, and thought processes of these gurus, readers gain a deeper understanding of the psychological foundations necessary for becoming a thought leader. The book serves as both an inspirational guide and a practical roadmap, empowering aspiring leaders to uncover their own unique blend of insights and strategies for achieving greatness in their chosen fields.