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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?

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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?

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Examples

Aim?

Fear?

Reaction?

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The Leadership System that creates fear

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

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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

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

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“The most important measures are unknown and unknowable.”

Dr. W. Edwards Deming

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

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Where is Fear?

• Fear also exists and thrives in the

silence of organizations.

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

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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

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THANK YOU

[email protected]

408-247-7757

www.mdaszko.com