Mastermind Groups: Practice Fields for Leaders (Updated 5/29/2020)

In 2017, one of the guests on my Year of the Peer podcast (renamed What Anyone Can Do in 2018 and Peernovation in 2020) was Dr. Linda Darling-Hammond, professor emeritus at Stanford’s Graduate School of Education and CEO of the Learning Policy Institute.  During our conversation, she told me the more that teachers collaborate with one another outside the classroom, the more effective they can be at building collaborative environments among students inside their classrooms. Countless leaders of CEO and key executive peer groups have said the same holds true in business. Essentially, leaders who do group work are more emotionally and intellectually fit to inspire superior teamwork inside their organizations. Let’s look at why.

To back up a moment, let’s distinguish between group and team. A group is one where people come together to help each other realize their individual goals. A team is a collection of people who collaborate in an effort to achieve a common goal. CEOs connect with other CEOs in groups because they believe that talking with peers who share their common challenges, yet who may come from very different worlds, will help them be better individual leaders and provide them with ideas and insights to help them grow their companies.  College athletes, on the other hand, who participate in a team sport, may aspire to win a national championship – a single goal that can only be achieved as a high performing team.

Think of mastermind groups as the “practice fields” for team leaders.  Groups are the perfect training ground for strengthening your leadership muscles, building your business acumen, and fine-tuning your emotional intelligence.  My guess is that you wouldn’t consider entering the IRONMAN, running a marathon, or cycling the Tour de France without training for it; yet too many organizational leaders attempt something equally difficult every day they show up to work without having stepped one foot onto a practice field.  You can argue that you can train in other ways. Fair point. You can read books, hire a coach, go to conferences, etc.  That said, here’s one thing (among many) you won’t get anywhere else except in a group – it’s called the Learning-Achieving cycle.

The Learning-Achieving Cycle, The Power of Peers (2016)

Dr. Darling-Hammond told me that we learn better when we learn together.  When we share our learning with one another and engage in deep conversation about a given concept, it not only helps us understand it more completely, but also provides group members the courage to ACT on that learning.  You might read something in a book that on its face seems like a great idea, but you’re unlikely to walk into the office the next day and implement it.  Within days, that idea joins the pile of other interesting things you learned that you never acted on.  Once you act on your learning (trial and error notwithstanding) and you achieve positive results, it inspires you to want to learn more.  This creates a reinforcing loop of learning, sharing, applying, achieving that becomes a force of nature of its own – a force fueled by a leader’s insatiable desire to leverage the group’s intellectual capital for his/her own personal and organizational ROI.

If you want to lead higher performing teams, find a place to practice – find yourself a mastermind group. That said, here’s my one disclaimer:  Mastermind group membership is not for everyone. If you treat it as a spectator sport, you won’t do yourself or your fellow members any good.  But if you dig deep, invest in yourself, and do the work, then you, your group members, and your organizational team(s) will be the big winners for it.

If you have a story about how your mastermind group helped you hone your skills as a more effective team leader, share it in the comments!  Thanks!

The Gift Of Feedback

When you receive feedback (positive or negative), see it as the gift that it is. Use it as fuel for reflection and continuous improvement.  Anyone who is great at anything is a product of people who were generous enough to provide them feedback along their learning journey.  We believed the message to be so important, we’re posting it a day early!  Enjoy!

Leo’s Workshops in the UK

Leo stops down in Kenilworth, England, as he nears the end of a two-week swing leading workshops for Vistage Groups in the UK.  In this podcast, Randy talks with Leo about what he’s learned and explores the implications for building higher performing teams in our organizations.

The Power of Reframing

Okay, do you tend to see the glass as half empty or half full?   Check out this week’s conversation, where Randy and I talk about the power of reframing and how our circle of people can help us see the world to our advantage!

Links mentioned in today’s show:

Career Mastery Kickstart
May Busch, Host of Career Mastery Kickstart
Leo’s books: The Power of Peers and What Anyone Can Do

Debunking Myths

Here’s the link to the article, “Put Your Best Foot Forward” published by The Smart Manager, Jan/Feb 2019!

Leo & Randy on the Holidays, Lessons From George H. W. Bush, and What’s Next!

As we close out the year and prepare for what’s next, Randy and Leo talk about the holidays, the many tributes to George H. W. Bush, and the importance of having a people plan in 2019!   Who you surround yourself with matters. Enjoy!

 

Drew Dudley on Courage

Drew Dudley is the founder of Day One. Drew spent 8 years as the Director of one of Canada’s largest leadership development programs at the University of Toronto and served as National Chair of Canada’s largest post-secondary charity, which mobilized 35,000 volunteers annually to support the work of Cystic Fibrosis Canada.

Recognized as one of the most dynamic keynote speakers in the world, Drew has spoken to over 250,000 people on 5 continents, been featured on The Huffington Post, Radio America, Forbes.com, and TED.com, where his “TED talk” has been voted “one of the 15 most inspirational TED talks of all time”. Time, Business Insider and INC. magazines have all included his talk on their lists of “speeches that will make you a better leader”.

Get your copy of Drew’s book, This Is Day One: A Practical Guide to Leadership That Matters

Connect with him on Instagram and at DrewDudley.com.

Leo & Randy on Thanksgiving

Hard to imagine a holiday that more clearly illustrates the importance of the friends and family who comprise our circle.  Take time today to thank the people who have made a difference in your life and consider how you will give more of yourself to others next year!  Enjoy!

Bea Staley on Resumes

Bea Staley is a Senior Associate in the Professional Services practice at Korn Ferry specializing in executive search. She brings a wealth of knowledge and experience around career planning and recruiting having worked at Southern Methodist University’s Cox School of Business Career Center, her own boutique recruitment firm, and in executive search at Korn Ferry. Bea earned a Bachelor’s Degree from Emory University and an MBA from Southern Methodist University Cox School of Business.

Deb Calvert On Connecting

Deb Calvert is the founder of People First Productivity Solutions and co-author with Jim Kouzes and Barry Posner of Stop Selling and Start Leading: How to Make Extraordinary Sales Happen. Deb Calvert is also the author of DISCOVER Questions® and founder of The Sales Experts Channel, a UC-Berkeley instructor, and a certified sales and executive coach. Deb is a Certified Master of The Leadership Challenge®, working with her clients to build leaders at every level. She has been named one of the “65 Most Influential Women in Business” and a Top 30 Global Sales Guru.

BONUS GIFT: Deb Calvert has generously supplied our readers, listeners and viewers with a free sample, Chapter 1 of Stop Selling and Start Leading.  Just click here to download the PDF. No opt-in required!