A leader’s guide to practicing deliberate calm in times of transition

Harmony Internal - McKinsey

Develop dual awareness ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Brought to you by Liz Hilton Segel & Homayoun Hatami
Global leaders, Industry & Capabilities Practices

The end of one year and beginning of another is often a time of transition and renewal—a time for looking ahead, setting goals, and rethinking priorities. In a business environment that has thrown us no shortage of volatility, uncertainty, and unfamiliar obstacles to overcome, the time is ripe for reflecting on how we think, act, and lead. Whether you’re a new or seasoned executive, these perspectives can open the door to more effective ways of leading, especially in times of trial or change. Here’s to bright and fruitful days ahead.

McKinsey expert Jacqueline Brassey, senior partner Aaron De Smet, and alumnus Michiel Kruyt say that pausing to understand the connection between self- and situational awareness can help us “learn, change, and adapt when it’s the most important and hardest.” Their new book, Deliberate Calm: How to Learn and Lead in a Volatile World, provides a tool kit to help leaders navigate these situations. While it’s easy to react impulsively or fall back on old methods to solve new problems, practicing dual awareness and deliberate calm can lead to adaptive behaviors and outcomes that are three times better, and a seven-and-a-half times improvement in well-being. The good news is there are many ways to build these skills in low-stakes settings, so you’re prepared when the pressure is high. “The phrase ‘corporate athlete’ sometimes comes up in our conversations,” Brassey says. “It’s the same as anybody who wants to train for a marathon or for some high-level sports. You don’t do that overnight. You practice.” Likewise, recovering like an athlete will replenish your resources.

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Understanding yourself is key to the thesis of Columbia professor Hitendra Wadhwa’s book, Inner Mastery, Outer Impact: How Your Five Core Energies Hold the Key to Success. In this Author Talks interview with McKinsey partner Tiffany Vogel, Wadhwa explains that inner success and outer success don’t have to be at odds with each other; when you approach them the right way and avoid self-defeating mindsets, a “beautiful point of confluence” emerges. “We play our best outer game when we learn to play our best inner game,” Wadhwa says. He advises: “Pay heed to your inner experience. What are the moments and practices and who are the people who make you feel most connected with the peace, joy, love, and wisdom that exist at the very core of your being? … Now, ask yourself, ‘How can I create this state on demand in the middle of my daily battlefield—even amid defeat or struggle?’”

The transition to CEO is one that leaders can’t fully prepare for, but it can be a catalyst for personal and institutional renewal. Despite averaging 24 years of work experience heading into the CEO role, a third to half of new CEOs are deemed to be failing within their first 18 months. In this McKinsey Quarterly article, McKinsey senior partners Carolyn Dewar, Scott Keller, Vikram Malhotra, and Kurt Strovink outline four keys to success during this transition, and executives from leading companies offer their individual perspectives on institutional focus, listening, first impressions, and big moves. And in another article, McKinsey’s global leaders of capabilities and industries, Homayoun Hatami and Liz Hilton Segel, identify six priorities that matter most to CEOs to help guide you into 2023.

Leading Off is taking a year-end break and will be back January 9, 2023. Stay tuned, and thanks for reading.

Lead calmly through change.

— Edited by Dana Sand, editor, Columbus

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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 02:27 - 19 Dec 2022