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The topics and opinions express in the following show are
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solely those of the hosts and their guests and not
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What's working on Purpose?
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Anyway?
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Each week we ponder the answer to this question. People
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ache for meaning and purpose at work, to contribute their
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talents passionately and know their lives really matter. They crave
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being part of an organization that inspires them and helps
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them grow into realizing their highest potential. Business can be
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such a force for good in the world, elevating humanity.
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In our program, we provide guidance and inspiration to help
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usher in this world we all want working on Purpose.
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Now here's your host, doctor Elise Cortez.
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Welcome back to the Working and Purpose Program, which has
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been brought to you with passionate a pride since February
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of twenty fifteen. Thanks for Tunadian this week. Great to
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have you. I'm your host, doctor Release Courts. If we've
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not met before and you don't know me, I'm a
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course advisor, organizational psychologist to management consultant, logo therapist, speaker
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and author. My team and I at gusto Now help
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companies to alignment and fortify their operations by building a
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dynamic high performance culture, inspirational leadership and nursering managers activated
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by meeting and purpose. You can learn how to work
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with us and what we offer at gustodeshnow dot com
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or my personal site at lease courtes dot com. Getting
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into today's program, we have Ken Banta, who is a leader,
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a leader in eleven successful mergers, transformations and reinventions, including
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pharmacia sharing, Plow and Bausch and Lohm. At the Vanguard Network.
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He has built a unique organization that brings experience, dynamic
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top executives together for unfettered, uncentered, censored, and highly interactive
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exchanges around leadership. He's the author of Seeing Around Corners
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c C Wisdom from America's Insightful Leaders, which we're talking
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about today. He joined us from New York City Ken.
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Welcome to Working on Purpose.
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Well, thank you for having me.
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It's great to have you. I thoroughly enjoy this beautiful
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book you brought into the world. In fact, I did
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reach out to I think all of the contributors on
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LinkedIn to connect with them, and I had one of
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your contributors, Wes Adams, on my podcast. I think it
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was a couple of weeks ago.
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O terrific.
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So I really really appreciate what you did. It's delightful.
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So I want to start by let's just start with
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what you're doing. I love the idea of the Vanguard Network.
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Can you kind of help us understand that because it
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seems to me I'm wondering if that's how you've met
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several of your contributors. But what's the Vanguard network?
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Yeah, thanks for asking. The Vanguard Network really emerged out
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of the work that I did in those turnarounds and
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transformations that you mentioned in a prior life of mine
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as an executive in some of these very large but
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very troubled companies, and we were very successful in turning
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them around in a positive way, in the sense that
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not to dismantle them, but to actually turn them into growth.
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Engines again and so after that period I was advised
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by a couple of the previous people I'd worked with
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it wouldn't it be an interesting idea to apply some
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of these insights to helping other executives and companies. So
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that's how Vanguard was created back in twenty fourteen. We
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started out initially working with Life Science as leaders and
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the focus though has always stayed the same, which was
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to help develop leadership capabilities and insights among senior people,
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and then also through our advisory side, to work with
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some of them on their own company turnarounds, transformations or
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personal leadership. So that was the genesis of Vanguard, and
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then in the past roughly ten years, we've expanded what
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we do to include General counsels and their deputies, and
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you know gcs play really important and growing role in companies.
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We also have a dedicated group now of life sciences CEOs,
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and we recently launched a network of executives in risk management,
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which cuts across sectors. It's not to any one one
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one one person or one one role, but often people
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in everything from compliance to finance to the General Council's
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office can be involved in risk. So we have a
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kind of a multidisciplinary group on that network. So those
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are the two things we do, networks of these senior
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people and then also advising some of them on their
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own leadership.
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Brilliant. You must have just famulous company that you get
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to keep.
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Yeah, it's exciting, it's you know, very stimulating people. And
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the topics that we cover are usually very very hot
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topics because those are the things that are on the
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of these senior people.
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Awesome. Well, what I thought we could do for our
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conversation here, Ken, since your book is a collection of voices,
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I mean, I don't know how many voices that were
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in there, but you have them arranged by chapter by topic.
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So what I wanted to do was just for some
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of the chap chapters particularly that called out to me.
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There was a couple of people in there in their
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perspective that I thought perhaps we could call out, and
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I didn't want to hear your perspective too, if you
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had something you wanted to say on the matter. So
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the first one, of course, is on leadership and success.
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I did grab one of your quotes from there. I
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don't know if you want to start with that, sure,
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go ahead, So you say there is a special challenge
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for founders of companies to continue their journey to the
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next level and maintain success. And in fact, the track
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record is not good for founders leading their companies into
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a third or fourth or fifth year. Very often, as
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we know, they get derailed. And it's so sad because
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we all start with such conviction, such passion, such determination.
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Then the numbers are we crashing for why is that?
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Well? I think there's a few things going on there.
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In some cases there's an opportunity to reinvent yourself as
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a leader, which doesn't happen, and that can be one
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cause of failure. As circumstances change or as the demands
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for bandwidth grow, some leaders succeed in reimagining what they
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are and how they'll work. A good example would be today,
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some leaders who may even be you know, in their
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in their fifties or sixties, may have figured out how
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to connect with the new generation of Gen zs and
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able to get on their wavelength. Others really are kind
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of stuck in the past. They may find this generation
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frustrating or somehow you know, not the way they used
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to be, which I always think is a kind of
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an indicator that they they themselves have sort of passed
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their sell by date, but the same, you know, but
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others do that very well to that. And there's a
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there's a c I worked with in the past on
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a number of these turnarounds and transformations named Fred Hassen
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who's still really a legendary figure in the world of CEOs,
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and during a meeting we asked him his view about
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how to deal with the gen zs. And this is
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someone who's in his seventies now, and he had one
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of the best answers I've heard from anyone in a
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long time. So you have to really treat this generation
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with great care because they had to grow up during
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COVID and go to college during COVID, and during a
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vast technological revolution that they're in at the moment that
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we're all facing with generative AI and all the other things.
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So you know, you've really got to see them for
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who they are and also have to really work hard
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to help them succeed because they are the future. So
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you know, that's the right kind of it.
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I like that while we're on that subject, Ken, let's
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just go ahead and jump to you. I really thought
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this was fantastic and I have, of course, am a
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champion for making sure that everyone is fulfilled and succeeds
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in the workplace, all generations, all people. And I love
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this quote that you have that is given through Paul Hastings,
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the CEO of Nikarta Therapeutics. He says, he says, He says,
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he said, some guys stood up in some meeting apparently
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and said, I don't know about the rest of you guys,
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but I don't know how to manage gen zers. I
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don't know how to manage millennials, and read says. I
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looked at him and said, then get the hell out,
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because your company's full of generations Zers and millennials, and
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if and if you don't want to deal with them,
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you should get out. All dogs need to learn new tricks.
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And the tricks about Generation Z is that they care
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whether they're They don't care whether they're LGBT or straight.
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They have pronouns and words for everything, and I think
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it's wonderful that's what they want. And so we as leaders,
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if we want millennials and want gen zers, guess what
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we have to learn that language.
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Yeah, well, I think Paul is a great CEO in
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many respects. I think that that's really a not only
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a kind of admirable point of view, but it's a
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very practical point of view. You know, you can't escape reality.
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And to be a CEO who has sort of decided
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they an't going to have anything to do with the
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next generation of people, is is a sort of bizarre approach. Certainly,
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you know that that would be the kind of approach
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I think we're going to not not be necessarily very successful.
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And back to that question, I don't know what the
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generation was of that person who said those things, but
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you know, it might be that they were you know,
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sort of let's call it more tenured person. But that
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kind of you know, reaction to an entire generation of
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people who are you know, the future of your businesses
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is I think really kind of counterproductive. Yeah.
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I do too, I do too, Head and sand for sure.
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Yeah.
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I actually had a I was speaking at HR Southwest
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conference here last week and there was a conversation about
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gen z ers, and even Johnny C. Taylor said some
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remarks about gen zers, and I thought, well, these different
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conversations were along the same tone of you know, you
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can't do anything with gen zers, and I reached out
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to a CEO friend that I know down in Houston
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and asked, Hey, you know you run a very large
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e commerce organization. I know you have all kinds of
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gen z Ers and Milendos in your organization, as has
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been your perspective, And he said no, he said, my
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experience is that gen z and millennials want purpose. They
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want to be able to live their values. They want transparency,
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they want meaningful work, and they want to be able
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to enjoy their fuller lives. And if you can appeal
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to that, they're pretty darn good workers.
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Yes. And also, I think we all get a little
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confused between a certain generational factor of characteristics that we
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associate with gen Zs or that are associated with them
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a certain attitude or way of operating. And I think
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that's something that just gets confused with the fact that
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they're all in a certain age of their life. And
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so any of the people who are very critical about
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gen Z's should probably recollect what they were like at
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twenty one and just and think about it, because I
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think a lot of people grow out of some of
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the habits that bother people. You know, for example, you
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know gen Zs are often associated with being very opinionated
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and very willful and very uh uh judgmental of other people.
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And you know my own feeling about that as well,
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that's pretty much the way I was when I was
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at agent. I. You know, maybe I'm still a bit
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like that, but you know, people do mature, and I
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think that's probably what we're going to see with this
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generation as well.
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That is a fresh perspective. And thank you for that.
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That's really fresh. Let's let's go on to the next
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topic here and there when you have a chapter on
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making a great leader, and I think there's a there's
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one particular contribution in there that really called me because
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it really spoke about the need for leaders today to
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get tough feedback. If you have some perspective, you want
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to add.
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To that that they need to seek out tough feedback.
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Yeah, got tough feedback yet and receive it?
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Yes, Well take it in the further up you go
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in any organization, whether it's you know, the Boy Scouts
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or or a or Microsoft, you're going to get more
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and more isolated from reality. And so I think really
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really good leaders make a special effort to stay connected.
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And one of the best ways to be connected is
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to hear uh, you know reality right, And Romsharan, the
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Great Strategic Advisor, wrote an entire book on confronting reality,
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And I think that's really what tough feedback essentially provides.
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It's probably tough, but fair would be the right way