Tag Archives: exit

Don’t get married

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I’m continuing my series on leadership-as-bull-riding, drawing on a parallel investment-as-bull-riding idea articulated by Vineer Bhansali1. This quote is my springboard:

Plan now for the dismount: Finally, it is important to not get “married” to the bull. In bull-riding, once the eight seconds are up, there is no glory in staying on the bull… There will be other bulls to ride.  If nothing else, one should have an “exit strategy” in mind before mounting the bull.

There are a number of reasons why a bull rider might become affixed to a bull. Some are by choice, some are because of the challenge of timing your exit, and some are unintentional. For instance, a rider secures his stronger hand to the bull with rope based on the assumption that he can release it at his choosing rather than the bull’s. But according to Google, 1 in 20 bull-riding accidents result from the rider’s hand getting “hung up” in the bull rope. He simply can’t let go. 

Likewise, it’s very easy for leaders to become inseparable from a role, an organization or their initiatives, because of the depth of their investment. In my experience, it’s an even bigger risk if they are home-grown leaders who came up within the organization, because they feel greater ownership, and it’s more difficult to envision other bulls to ride.

No glory

I like the elegance of Bhansali’s words: there’s no glory in staying too long. In fact, there are numerous traps around longevity that make it difficult to step away when the time comes.

  • Entitlement. I promised myself when I started my role that I would not be a president who presides. Inspired by the warnings of Dr. Stephen Sample2, I wasn’t taking the role to be president as much as to do president. I saw it as a responsibility, not a title. But the longer you stay, the easier it is to settle in, to take things for granted, or to feel you deserve perks or recognition.
  • Tying identity to the role. As an Enneagram 3, I could write a book on this challenge. A particular focus during my sabbatical in 2022 was to develop other sides of my personality so I could say I am more than my job. If I’m not, leaving becomes an existential crisis.
  • Conflation of yourself and the role. It’s a problem when you reach the conclusion that you are the organization, and therefore, anything you want to do must be good for the organization. Conversely, anyone who opposes your plans must not want what’s best for the organization.
  • Loss of organizational autonomy. There is a point when an organization becomes conflated with the leader to the point the organization struggles to know what it would look like without that leader. The most obvious example would be founder’s syndrome, but it’s also possible with long-serving leaders who end up eclipsing the founder—such as Ray Croc at McDonald’s and Asa Griggs Candler at Coca-Cola.

Leaving is a radical way to break these traps, but regular evaluation around each one can help keep them at bay. Here are some ideas to approach leadership from the assumption that your departure is inevitable.

1. Leadership is a process of constantly turning over responsibilities to others. There are phases when the head of the organization needs to get personally involved, but the goal is to turn each initiative over to the right leader to carry it forward. In my experience, the best way to kill an initiative as the leader is to hold onto it too long. (See Leaders aren’t fruit-bearers.) The leader’s time is valuable real estate, and failure to release responsibilities comes at the expense of the rest of the organization. Remember that when it’s time to leave, anything that hasn’t been properly delegated is finished.

My mantra over my last months in my presidency became, “Let go. And trust God.” It certainly wasn’t easy; sometimes I struggled to extricate my hand from the grip. Week after week, I reviewed the list of things that were still on my desk and challenged my rationale for holding onto them. I knew there were some programs that were still fledgling, and if I pulled away too quickly, they wouldn’t make it. In spite of my attempts, one or two passion projects were casualties of the timing of my departure. That is an inevitable part of exiting.

2. A leader is a steward of a particular era. Unless the leader is the founder, the organization existed before she came, and it will continue after she’s gone. As Simon Sinek3 points out, leadership is not a finite game, with clear starting and stopping points. A stewardship mentality invites a different way of operating, including a willingness to invest in people, play the long game and lay the foundation for your successor.

What gave me counterintuitive courage to release initiatives was the realization that the next leader might very well drop it anyway—even if it was thriving, even if it had shown success under my stewardship. It’s the prerogative of your successor and his or her board, and closing something down doesn’t invalidate the successes of a previous era.

3. The greatest success for a leader is that the organization succeeds after he’s gone. If we’re honest, part of us wants to prove our worth by seeing the organization or initiative fall apart after we’re gone. But that would be a reflection on a leader who made it about himself—which is not leadership at all. When an organization is left in good shape, has a clear direction and has reserves to carry on its mission after a leadership transition, it reflects well on the departing leader.

Anyone who has worked with me over the past decade has heard me pray, over and over, “Lord, this is your organization.” At the end of the day, you aren’t married to your job or the organization. Keeping in mind that it’s God’s organization, God’s company, God’s program, will keep your hands limber so you can let go when the time is right.

References:

  1. How To Ride A Bucking Bull: Stay Calm And Hang On…For Now, article by Vineer Bhansali, Forbes, Sep 19, 2018
  2. The Contrarian’s Guide to Leadership, by Dr. Stephen Sample
  3. The Infinite Game, by Simon Sinek

Leadership as bull riding series:

Plan your dismount beforehand

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As I was researching this analogy of leadership-as-bull-riding, I was delighted to find another author who had also used the same analogy, but for investing1. Think of the parallels to leadership as you read this quote from Vineer Bhansali:

Plan now for the dismount: Finally, it is important to not get “married” to the bull. In bull-riding, once the eight seconds are up, there is no glory in staying on the bull… There will be other bulls to ride. If nothing else, one should have an “exit strategy” in mind before mounting the bull.

In this series, I’m going to borrow Bhansali’s points to frame out a few of my own points about leadership succession planning. I’m mostly thinking of a first chair leader, but you can make the adjustments to other situations.

Plan your exit strategy beforehand

I’ll admit it’s a challenge to ask a newly-appointed leader—whose attention is more likely focused on what he want to accomplish in their first 100 days—to think about his dismount before day one. Here are three ways to apply exit strategy planning.

1. Articulate a best case road map

Employment contracts force us to consider the end game, articulating parameters and clauses for the eventuality of an exit. They should spell out how the leader would initiate an exit plan, and what steps will then kick into place. And how the board would initiate, and what happens then. A contract is the minimum, a starting point designed for protection of organizational assets and individuals. A deeper step might be a contingency plan that fleshes out scenarios for each of the various circumstances where a successor would be needed.

I’m urging going beyond protection and contingencies to considering a best case scenario for how you and the organization want to walk away from your time together. How can both end up with wins, even if the circumstances aren’t the best? Most leaders don’t ask these questions early enough to make a difference in how they set up and carry out their role. 

Lacking clearly-articulated expectations requires negotiation late in the game, which can create unnecessary pain and challenge. I know it doesn’t need to be said, but you have much better negotiating power before you take the position, not afterward.

2. Actively engage in ongoing succession planning

In a previous role in leadership development, I encouraged every leader to keep a chart naming:

  • at least one immediate successor
  • the most likely candidate(s) to be ready in the next two years, and
  • any long shots who need to be on their radar.

Then for the two most obvious candidates, track whether they are in a position that prepares them for the role, and an action step for their development. Ideally, on an annual basis, consider whether those two have taken a development step of some kind and design the next step you could help them take.

Throughout my role as president, I maintained my own confidential succession plan with potential replacements. I gave regular updates to the board, including a list of my most likely successors, using as a framework the classic article from Eichinger and Peters2 that draws your attention to “seven CEOs working for your organization today”—everyone from the 50-year-old most-logical CEO-in-waiting to the 35-year-old rising star to the 18-year-old high-potential intern. I also tracked along with the development of a number of these candidates, encouraging and even intervening in their development. With a couple, I had direct conversations to encourage very specific development and share openly about my own plans.

Keep in mind that a succession plan needs to be a living document, regularly updated. It’s far too easy to rest in your plans only to discover when you need it that it’s out of date: leaders are no longer available, you’ve lost confidence in one, or your view too optimistic and none are ready. Remember that, in a number of scenarios, carrying out the succession plan will be managed by someone other than you. Therefore it needs to be accessible and understandable by those who might be implementing it. Of course, those scenarios also mean you won’t be the one to make the decisions, and the one who does may go in a completely different direction. Your goal in succession planning is to intentionally invest in your preferred candidates so they are ready and so attractive that they will stand out among the options.

3. Develop a rhythm that asks the question

You need a rhythm that sparks the necessary conversation that will air out assumptions and plans. It could be as rigorous as formalizing 3- or 4-year terms for your position, or as simple as a calendared conversation. Without that, the onus is on one party or the other to initiate the conversation, and there’s a tendency for each side to set the bar high for a circumstance weighty enough to end the status quo. 

A well-designed plan, with early negotiations, a constant updating of the succession landscape, and scheduled conversations, will allow a leader to dismount in a way that minimizes injury and ensures a smooth transition to whatever’s next for both parties. Seamless exits and handovers start before mounting the bull.

My final thought is that both sides need to show a lot of grace. No amount of planning will remove all potential for injury in a process as fraught as this one. But none of these injuries should be fatal; time will heal minor wounds, allowing both bull and bull rider to move forward with genuine respect, admiration and a desire for the best case for both.

References:

  1. How To Ride A Bucking Bull: Stay Calm And Hang On…For Now, article by Vineer Bhansali, Forbes, Sep 19, 2018
  2. There are seven CEOs working for your organization today—do you know who they are and do you know what to do?, article by Robert W. Eichinger and James Peters, 2005. (It doesn’t seem to be online anymore, but I can send it to you if you’re interested.)

Leadership as bull riding series:

The only way to get off a bull

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In mid-February, I stepped down as president of Wycliffe Canada after 11 years. Over the previous five months, after I concluded it was time to move on from this role, I thought often about the analogy of Leadership as bull riding that I unpacked in my last post.

Shawn Bellows operates Bull Riding 101, a backyard school that teaches the fundamentals for aspiring bull riders. He says, “A lot of people think you just hang on and make ugly faces for eight seconds… But there’s body position and an art to being in the right spot at the right time.” Interesting parallels to leadership there: some just hang on, and some groan and moan about the challenges of leadership. I long to see leaders who can lean into the twists and turns, and position themselves well.

What I want to talk about here and in a number of future posts is the art of walking away. A successful bull rider not only survives the full eight seconds, but hopefully pulls off a great ride and then walks away with his head high. The problem is that a 2,000-pound bull doesn’t just stop like its mechanical cousin when it runs out of coins. Mr. Bellows offers this sobering thought:

“The only way to get off a bull is to buck off.”

So perhaps the most critical skill for any bull rider is to know how and when to dismount. Ideally with a planned dismount, in which the rider picks the right moment and then executes a rehearsed plan to slide off, landing on his hands and knees and crawling quickly to safety. This is a dangerous moment, when a number of things can go wrong: the rider might not be able to free his hand from the rope, he may be tossed or land badly, or the bull might come after him.

How does a leader “buck off” gracefully? When I announced last September that it was time for me to move on from the top role, I was committed to finishing well, but it wasn’t as smooth as I was hoping it would be. I’m learning that my experience is more common than I’d like to think. A young friend leading another organization sent me this note after learning of my plans:

I haven’t as much experience as you but in all my transitions even though my heart has been trying to help in every way to make smooth but unfortunately boards and leaders don’t always see it that way. My biggest hurts that I’ve worked through as a leader have been trying to leave well and not being “allowed “ to do so. Wish I had an answer for you – but am praying for you!! I am not aware of very many smooth and healthy transitions in our line of work.

I’m still working through what it looks like to land well and move on, but a blog is far too public a way to process it. I think my friend said it well: leaders need to be praying for each other, in beginnings and endings.

References

Leadership as bull riding series: