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FEAR FEAR FEAR FEAR ERODES PROFITS: ERODES PROFITS: ERODES PROFITS: ERODES PROFITS: HOW TO TRANSFORM YOUR WORKPLACE FOR SUCCESS SBODN March 7, 2011 www.mdaszko.com 408-247-7757 [email protected]

Fear Erodes Profits by Marcia Daszko

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Marcia Daszko is a Catalyst for Transformative Change. For almost 20 years, she has passionately been guiding strategic innovation and transformation from Fortune 500 corporations like Apple, Blue Shield, Boeing, Dow Chemical, HP, and Pepsi to private companies, school districts, government agencies and non-profits. Marcia facilitates new thinking that ignites new beliefs and actions with leaders at any level.

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Page 1: Fear Erodes Profits by Marcia Daszko

FEARFEARFEARFEAR ERODES PROFITS:ERODES PROFITS:ERODES PROFITS:ERODES PROFITS:

HOW TO TRANSFORM

YOUR WORKPLACE

FOR SUCCESS

SBODN

March 7, 2011

www.mdaszko.com408-247-7757

[email protected]

Page 2: Fear Erodes Profits by Marcia Daszko

FEAR!FEAR!FEAR!FEAR!

So What?So What?So What?So What?

Why are we here Why are we here Why are we here Why are we here today?today?today?today?

Page 3: Fear Erodes Profits by Marcia Daszko

The Power of Purpose: to learn how fear links to erosion of profit, etc.

Provoke Your Current Thinking;

Raise a New Level of Consciousness;

Invite a new awareness and commitment at the end of this hour: what will you do different tomorrow?

Page 4: Fear Erodes Profits by Marcia Daszko

Definition of FearFearFearFear• “An unpleasant, often strong emotion

caused by anticipation or awareness of danger; anxious concern.”

Page 5: Fear Erodes Profits by Marcia Daszko

What We Will Discover Together; Be Aware:

• 100’s of kinds of FearFearFearFear• Fears’ Impact on People & Organizations;

• The Link Between Fear and Profits, the Bottom Line, Results, and Survival;

• Fear Erodes Profits—and much more;

• Our Job is to Identify & Reduce Fear, & Build Trust

Page 6: Fear Erodes Profits by Marcia Daszko

Fear is not a rational topic• People’s fears are real.

• Your fears are different than mine—there’s variation in everything!!

What are yours?

Page 7: Fear Erodes Profits by Marcia Daszko

Can fear fear fear fear motivate?

Is fearfearfearfear an effective motivator?

• Self-imposed

• Threat of danger

• Short-term

• Intrinsic vs. extrinsic

motivation

Intrinsic(from within)

Extrinsic(from outside)

Page 8: Fear Erodes Profits by Marcia Daszko

What kinds of fearsfearsfearsfears do you feel?

• Losing a job

• Change

• The unknown

• Speaking up

• Saying “no” or “I don’t know”

• and hundreds of others

Page 9: Fear Erodes Profits by Marcia Daszko

What happens to people?

Page 10: Fear Erodes Profits by Marcia Daszko

How Does Fear Impact An Organization?

Page 11: Fear Erodes Profits by Marcia Daszko

Examples

Aim?

Fear?

Reaction?

Page 12: Fear Erodes Profits by Marcia Daszko

The Leadership System that creates fear

is the same system that creates the crisis and disasters in our world.

Page 13: Fear Erodes Profits by Marcia Daszko

COST OF FEARMillions?Billions?

Trillions of $$$?

Page 14: Fear Erodes Profits by Marcia Daszko

Management Fads & “Best Practices” that

Create FearFearFearFear and Destroy Profits & People

• Holding Individuals

Accountable for the Outcomes of the System

• Quotas, Targets

• Incentives

• Arbitrary Numerical Goals

• Performance Appraisals

• Pay for Performance

• “Motivating” Employees

• Ranking & Rating

• Unclear Purpose &

Direction

• Lack of Understanding

about the strategies and

resources

• Busy work that creates

complexity and waste

• Power Point Paralysis

Page 15: Fear Erodes Profits by Marcia Daszko

Management Fads and most “Best Practices”create fear, internal competition, finger-pointing and blaming, toxic work environments . . .

Page 16: Fear Erodes Profits by Marcia Daszko

“The most important measures are unknown and unknowable.”

Dr. W. Edwards Deming

“If you can’t measure it, you can’t manage it.”

Page 17: Fear Erodes Profits by Marcia Daszko

Where is Fear?

• Fear also exists and thrives in the

silence of organizations.

Page 18: Fear Erodes Profits by Marcia Daszko

Transform Your Organization: leaders work to identify & reduce fear and build trust

Page 19: Fear Erodes Profits by Marcia Daszko

Trust Creates Profits and more

Page 20: Fear Erodes Profits by Marcia Daszko

Success? By what Measure?

Page 21: Fear Erodes Profits by Marcia Daszko

Take-Away’s

• Build a new awareness of Fear and its Impact;

• Identify more kinds of fear;

• Work to reduce fear & create a plan to build trust;

• Personally identify your fears, create healthy boundaries;

• Measure the cost of fear: quantitatively and qualitatively where you can. Can you afford it? Does it matter? Get rid of it!

• See the link of fear-causing systems and behaviors that impact the bottom line, profits, and your health.

Page 22: Fear Erodes Profits by Marcia Daszko

References

• Drive by Daniel H. Pink

• Abolishing Performance Appraisals by Tom Coens

and Mary Jenkins

• Intrinsic Motivation at Work by Kenneth Thomas

• Power by Jeffrey Pfeffer

• Flash Foresight by Daniel Burrus

• Free, Perfect, and Now by Robert Rodin

• The New Economics by W. Edwards Deming

Page 23: Fear Erodes Profits by Marcia Daszko

THANK YOU

[email protected]

408-247-7757

www.mdaszko.com