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The Imperative to Build a
Resilient & Agile
Organization
One Mindset at a Time
Meet the Speakers
David Collins Casey Mulqueen, Ph.D.
CEO and President
TRACOM Group
2TRACOM Group 2018
Senior Director of L&D
TRACOM Group
Agenda
TRACOM Group 2018 3
1.It’s all about change
2.Change (even the good kind)
is stressful
3.Change models are
insufficient
4.Agility and Resiliency are
necessary
5.Strategies to develop Agility
and Resiliency
The World is Changing
So are the skills needed to thrive in it
• Pace of change
• Market disruption and
competitiveness
• Jobs replaced by
automation
“The corporate playbook is
being rewritten and replaced
by one that takes business
agility to a level we have
never seen before.”
- Lynne Doughtie,
Chairman & CEO, KPMG
4TRACOM Group 2018
All organizations are in a state of change
Change is stressful, even if it’s ”good” change
1
2
3 Change models are insufficient
“A critical component of any organizational strategy to build agility is shifting individuals from
fear of change to excitement about new opportunities or expanding skills.” - Braun et al
5TRACOM Group 2018
Change is the Common Denominator
Change is Stressful!
Both Agility & Resiliency are Necessary
6TRACOM Group 2018
“Pursuing agility without
investing in resiliency is
risky because it creates
fragility – unsupported
exposure to surprises
and shocks.”
- McCann et a
Change Models are Insufficient
Models are no
longer
sufficient
Change happens
in leaps, not
baby steps
Success of change
depends largely on
people, not process
or technology
7TRACOM Group 2018
“Models of planned change may no longer be sufficient to
address the needs of today’s organizations.” - Wolf
Jorgensen, H., Owen, L., & Neus, A. (2008). IBM global making change work study.
Kotter, J.P. (2012). Accelerate! Harvard Business Review, 90(11), 45-58.
What is Agility?
Subtitle here
8TRACOM Group 2018
Organizational Agility:
“Organizational Agility is the capacity to
recognize, create and capitalize on
opportunities in a world full of disruptive
change.”
Personal Agility:
“Adopting a flexible mindset that promotes the
generation and implementation of original and
useful ideas.”
What is Resilience?
“Resiliency is the ability to
bounce forward in times of
adversity and to see challenges
as opportunities for growth.”
Subtitle here
9TRACOM Group 2018
Polling Question
Are your executives talking about the importance of
Organizational Agility at your company?
1. It’s all we talk about
2. Often
3. Occasionally
4. Not at all
10TRACOM Group 2018
Benefits of Agility
ü“Agile firms grow revenue 37% faster and
generate 30% higher profits.”
– Massachusetts Institute of Technology (MIT)
üEmployees who initiate change have a 43% more
positive impact on their companies than those who just
have the capacity to change.
– Corporate Executive Board (CEB)
11TRACOM Group 2018
There is a Gap Deepening
“Quote here”
80% of Senior
Leaders have
already directed
L&D to implement
a program
But… The GAP
is Significant…
42% of
companies
haven’t done
anything
as Agility Becomes More Essential
12TRACOM Group 2018
Resilience is at the Core of These Workplace Challenges
13
33%
Of managers
are looking for
jobs elsewhere
$300
BILLION
Cost of stress to
US companies
70%
Of workers are
not engaged or
actively
disengaged
51%
Of employees
are
unproductive
due to stress
50%
Of executives
report their
culture isn’t
adaptive to change
TRACOM Group 2018
Resilience Strategies
Resilience Training Is Under-Resourced
Survey of 418 companies asked about
having a program to deal with workplace
stress and Resilience
14TRACOM Group 2018
Resilience Strategies
Due to increasing
stress and need for
Resilience
63% have
no plan yet
15% plan to have
a program within
12 months
Only 22% have
a program
To address workplace
stress and improve
Resilience
But they recognize the
problem and need for
Resilience is getting
worse
Steve Harstaad, Business Growth Consultant
Video here
15TRACOM Group 2018
TRACOM Research :
This data compares people with High Agility scores to Low Agility scores from TRACOM’s Adaptive Mindset for Agility Multi-rater Profile.
Improvement (High Vs Low) Rater Research Question
35% more likely… To be seen by others as an initiator of change
35% more likely… To be viewed by others as entrepreneurial
33% more likely… To be seen as a go-to person for innovation
24% more likely… To be motivated to support new initiatives
24% more likely… To anticipate trends and future challenges/opportunities
22% more likely… To view failure as an important learning opportunity
22% more likely…
To see beyond normal patterns, processes and conversations
to identify opportunities
17% more likely… To make high quality decisions in the face of uncertainty
16
Outcomes of an Agile Mindset
TRACOM Group ©2018
“Since attending the Resilience program, I am better able to…
17©TRACOM® Group, 2018
80%
agreed
“remain flexible
when things
change”
80%
agreed
“maintain good
relationships
with coworkers”
77%
agreed
“support
changes at
work”
73%
agreed
“control negative
emotions with
customers and
coworkers”
73%
agreed
“accept
feedback at
work”
70%
agreed
“feel
empowered in
my role”
70%
agreed
“stay
motivated to
perform well
at work”
67%
agreed
“stay engaged
with my work”
Resilience Results
Agility and Resilience Can Be Developed
Agility training is more
influential than genetics:
Perception of Resilience
training’s influence on
participants:
80% 94% Positive outcome
18TRACOM Group 2018
Learnable
Polling Question
Do you have a formal strategy and/or program to
develop Agility and Resiliency?
1. Yes we have programs
2. Will develop a program in next 12 months
3. Just starting to think about it
4. No, and no plans
19TRACOM Group 2018
Recognize our Cognitive Biases
A cognitive bias is a systematic error in thinking that
leads to mistakes and bad decisions.
20TRACOM Group 2018
One Mindset at a Time…
21TRACOM Group 2018
When people change their mindset, they recognize positive
opportunity in challenges with Resilience and mitigate
problems by removing creative “mindblocks” with Agility.
What is the number of the slip in which boat XX is docked?
22TRACOM Group 2018
22
Adaptive Mindset for Agility
Agility Activity
Planning Fallacy
• We underestimate time
and difficulty of projects
• We neglect
• Worst-case scenarios
• Interruptions
• Other obligations
• Past experience
Bias – How it Works
23TRACOM Group 2018
Planning Fallacy: Kitchen Remodel
Expected cost:
$18,658
Actual cost?
$38,769
TRACOM Group 2018 24
Planning Fallacy
Projected to open in
1963 for $7 million
Opened in 1973 for….
$102 million!!!
TRACOM Group 2018 25
Bias – How the problem scales up and up
Conduct a Pre-Mortem
Agility
Project yourself
one year into the
future
Imagine that
the idea has
been a total
failure
Write a history
of what
happened
26TRACOM Group 2018
Strategies
Case Studies
27TRACOM Group 2018
“The demand for agility skills is
significant and universal. Our
leaders have identified these
skills as critical to our business,
and relevant to our people at all
levels.”
— Nancy Henson Kopp, EY
“A mindset change freed the
company to pursue change.”
- Andrew Gregory, CEO of
McDonald’s Australia
“Resilience is such an
important leadership
competency because leaders
set the tone for their teams.”
- Steve Franklin, CoBank
Questions
Thank You!
©TRACOM® Group, 2017 28
Follow-Up
• Whitepapers
• On-Demand version
of webinar
• Learn more: links
to articles and
thought-leadership
resources
29©TRACOM® Group, 2017
Thought-leadership Materials
Who We Work With
30TRACOM Group 2018
www.tracomcorp.com
info@tracom.com
303-470-4900
Contact Us [WHY we do]
We believe that improving peoples’ understanding of
themselves and others makes the world a better place.
[WHAT we do]
We synthesize our discoveries into actionable
learning and resources that improve an individual’s
performance in all
parts of their lives. We call this Social Intelligence.
[HOW we do it]
Through research and experience we uncover the
hidden barriers to individuals achieving their maximum
potential and
identify how to help overcome them.
31TRACOM Group 2018
Citations and sources
• Braun, T.J., Hayes, B.C., Frautschy DeMuth, R.L., & Taran, O.A. (2017). The development, validation, and practical
application of an employee agility and resilience measure to facilitate organizational change. Industrial and
Organizational Psychology, 10(4), 703-723.
• Jorgensen, H., Owen, L., & Neus, A. (2008). IBM global making change work study. Retrieved from
http://www.ibm.com/au/pdf/making_change_work.pdf
• Kotter, J.P. (2012). Accelerate! Harvard Business Review, 90(11), 45-58.
• McCann, J., Selsky, J., & Lee, J. (2009). Building agility, resilience and performance in turbulent environments.
People & Strategy, 32(3), 44-51.
32TRACOM Group 2018

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THE IMPERATIVE TO BUILD A RESILIENT AND AGILE ORGANIZATION—ONE MINDSET AT A TIME

  • 1. The Imperative to Build a Resilient & Agile Organization One Mindset at a Time
  • 2. Meet the Speakers David Collins Casey Mulqueen, Ph.D. CEO and President TRACOM Group 2TRACOM Group 2018 Senior Director of L&D TRACOM Group
  • 3. Agenda TRACOM Group 2018 3 1.It’s all about change 2.Change (even the good kind) is stressful 3.Change models are insufficient 4.Agility and Resiliency are necessary 5.Strategies to develop Agility and Resiliency
  • 4. The World is Changing So are the skills needed to thrive in it • Pace of change • Market disruption and competitiveness • Jobs replaced by automation “The corporate playbook is being rewritten and replaced by one that takes business agility to a level we have never seen before.” - Lynne Doughtie, Chairman & CEO, KPMG 4TRACOM Group 2018
  • 5. All organizations are in a state of change Change is stressful, even if it’s ”good” change 1 2 3 Change models are insufficient “A critical component of any organizational strategy to build agility is shifting individuals from fear of change to excitement about new opportunities or expanding skills.” - Braun et al 5TRACOM Group 2018 Change is the Common Denominator
  • 6. Change is Stressful! Both Agility & Resiliency are Necessary 6TRACOM Group 2018 “Pursuing agility without investing in resiliency is risky because it creates fragility – unsupported exposure to surprises and shocks.” - McCann et a
  • 7. Change Models are Insufficient Models are no longer sufficient Change happens in leaps, not baby steps Success of change depends largely on people, not process or technology 7TRACOM Group 2018 “Models of planned change may no longer be sufficient to address the needs of today’s organizations.” - Wolf Jorgensen, H., Owen, L., & Neus, A. (2008). IBM global making change work study. Kotter, J.P. (2012). Accelerate! Harvard Business Review, 90(11), 45-58.
  • 8. What is Agility? Subtitle here 8TRACOM Group 2018 Organizational Agility: “Organizational Agility is the capacity to recognize, create and capitalize on opportunities in a world full of disruptive change.” Personal Agility: “Adopting a flexible mindset that promotes the generation and implementation of original and useful ideas.”
  • 9. What is Resilience? “Resiliency is the ability to bounce forward in times of adversity and to see challenges as opportunities for growth.” Subtitle here 9TRACOM Group 2018
  • 10. Polling Question Are your executives talking about the importance of Organizational Agility at your company? 1. It’s all we talk about 2. Often 3. Occasionally 4. Not at all 10TRACOM Group 2018
  • 11. Benefits of Agility ü“Agile firms grow revenue 37% faster and generate 30% higher profits.” – Massachusetts Institute of Technology (MIT) üEmployees who initiate change have a 43% more positive impact on their companies than those who just have the capacity to change. – Corporate Executive Board (CEB) 11TRACOM Group 2018
  • 12. There is a Gap Deepening “Quote here” 80% of Senior Leaders have already directed L&D to implement a program But… The GAP is Significant… 42% of companies haven’t done anything as Agility Becomes More Essential 12TRACOM Group 2018
  • 13. Resilience is at the Core of These Workplace Challenges 13 33% Of managers are looking for jobs elsewhere $300 BILLION Cost of stress to US companies 70% Of workers are not engaged or actively disengaged 51% Of employees are unproductive due to stress 50% Of executives report their culture isn’t adaptive to change TRACOM Group 2018 Resilience Strategies
  • 14. Resilience Training Is Under-Resourced Survey of 418 companies asked about having a program to deal with workplace stress and Resilience 14TRACOM Group 2018 Resilience Strategies Due to increasing stress and need for Resilience 63% have no plan yet 15% plan to have a program within 12 months Only 22% have a program To address workplace stress and improve Resilience But they recognize the problem and need for Resilience is getting worse
  • 15. Steve Harstaad, Business Growth Consultant Video here 15TRACOM Group 2018
  • 16. TRACOM Research : This data compares people with High Agility scores to Low Agility scores from TRACOM’s Adaptive Mindset for Agility Multi-rater Profile. Improvement (High Vs Low) Rater Research Question 35% more likely… To be seen by others as an initiator of change 35% more likely… To be viewed by others as entrepreneurial 33% more likely… To be seen as a go-to person for innovation 24% more likely… To be motivated to support new initiatives 24% more likely… To anticipate trends and future challenges/opportunities 22% more likely… To view failure as an important learning opportunity 22% more likely… To see beyond normal patterns, processes and conversations to identify opportunities 17% more likely… To make high quality decisions in the face of uncertainty 16 Outcomes of an Agile Mindset TRACOM Group ©2018
  • 17. “Since attending the Resilience program, I am better able to… 17©TRACOM® Group, 2018 80% agreed “remain flexible when things change” 80% agreed “maintain good relationships with coworkers” 77% agreed “support changes at work” 73% agreed “control negative emotions with customers and coworkers” 73% agreed “accept feedback at work” 70% agreed “feel empowered in my role” 70% agreed “stay motivated to perform well at work” 67% agreed “stay engaged with my work” Resilience Results
  • 18. Agility and Resilience Can Be Developed Agility training is more influential than genetics: Perception of Resilience training’s influence on participants: 80% 94% Positive outcome 18TRACOM Group 2018 Learnable
  • 19. Polling Question Do you have a formal strategy and/or program to develop Agility and Resiliency? 1. Yes we have programs 2. Will develop a program in next 12 months 3. Just starting to think about it 4. No, and no plans 19TRACOM Group 2018
  • 20. Recognize our Cognitive Biases A cognitive bias is a systematic error in thinking that leads to mistakes and bad decisions. 20TRACOM Group 2018
  • 21. One Mindset at a Time… 21TRACOM Group 2018 When people change their mindset, they recognize positive opportunity in challenges with Resilience and mitigate problems by removing creative “mindblocks” with Agility.
  • 22. What is the number of the slip in which boat XX is docked? 22TRACOM Group 2018 22 Adaptive Mindset for Agility Agility Activity
  • 23. Planning Fallacy • We underestimate time and difficulty of projects • We neglect • Worst-case scenarios • Interruptions • Other obligations • Past experience Bias – How it Works 23TRACOM Group 2018
  • 24. Planning Fallacy: Kitchen Remodel Expected cost: $18,658 Actual cost? $38,769 TRACOM Group 2018 24
  • 25. Planning Fallacy Projected to open in 1963 for $7 million Opened in 1973 for…. $102 million!!! TRACOM Group 2018 25 Bias – How the problem scales up and up
  • 26. Conduct a Pre-Mortem Agility Project yourself one year into the future Imagine that the idea has been a total failure Write a history of what happened 26TRACOM Group 2018 Strategies
  • 27. Case Studies 27TRACOM Group 2018 “The demand for agility skills is significant and universal. Our leaders have identified these skills as critical to our business, and relevant to our people at all levels.” — Nancy Henson Kopp, EY “A mindset change freed the company to pursue change.” - Andrew Gregory, CEO of McDonald’s Australia “Resilience is such an important leadership competency because leaders set the tone for their teams.” - Steve Franklin, CoBank
  • 29. Follow-Up • Whitepapers • On-Demand version of webinar • Learn more: links to articles and thought-leadership resources 29©TRACOM® Group, 2017 Thought-leadership Materials
  • 30. Who We Work With 30TRACOM Group 2018
  • 31. www.tracomcorp.com info@tracom.com 303-470-4900 Contact Us [WHY we do] We believe that improving peoples’ understanding of themselves and others makes the world a better place. [WHAT we do] We synthesize our discoveries into actionable learning and resources that improve an individual’s performance in all parts of their lives. We call this Social Intelligence. [HOW we do it] Through research and experience we uncover the hidden barriers to individuals achieving their maximum potential and identify how to help overcome them. 31TRACOM Group 2018
  • 32. Citations and sources • Braun, T.J., Hayes, B.C., Frautschy DeMuth, R.L., & Taran, O.A. (2017). The development, validation, and practical application of an employee agility and resilience measure to facilitate organizational change. Industrial and Organizational Psychology, 10(4), 703-723. • Jorgensen, H., Owen, L., & Neus, A. (2008). IBM global making change work study. Retrieved from http://www.ibm.com/au/pdf/making_change_work.pdf • Kotter, J.P. (2012). Accelerate! Harvard Business Review, 90(11), 45-58. • McCann, J., Selsky, J., & Lee, J. (2009). Building agility, resilience and performance in turbulent environments. People & Strategy, 32(3), 44-51. 32TRACOM Group 2018