Transcript LUBS5780 Corporate Finance
In Pursuit of Excellence: Learning from Elite Sport on Developing Talent Effectively Dr Bill Gerrard Professor of Sport Management and Finance Leeds University Business School
Session plan
1. “Let’s Go” 2. Ideas session 3. Group discussions 4. Report back 5. “Where are we?”
Who am I?
• Professor of Sport Management and Finance, Leeds University Business School • Research focus: performance and value management in the pro team sports industry • Recent teaching portfolio: Corporate finance (MBA) Value and performance management (MBA) The football business (2 nd Year U/g) • Qualified football coach (UEFA B License) • FA psychology for coaching (Level 3) • Assistant coach, University of Leeds Men’s Football
You can’t be serious!
What can we learn from elite sport on developing talent effectively?
Ideas session: in pursuit of excellence
EXCELLENCE
What’s your coaching/ teaching paradigm?
Transactional Paradigm Knowledge Transfer Detachment Coach-Led Command Style Instrumentalist Efficiency Transformational Paradigm Capability Building Involvement Player-Centred Guided Discovery
Performance: outcome or process?
Performance as outcome Short-term perspective Quick-fix solutions Summative assessment Having mode Performance as process Long-term perspective
Get the fundamentals right Formative assessment Being mode
Total football or 4-4-2?
Tactical systems: top-down command Total football: player empowerment
Four corners model of talent development
ELITE PERFORMANCE
Mental skills training: concentration
Close your eyes. Focus on your breathing.
Count each breath until you are distracted.
How far can you get?
Mental skills training: Motivation Confidence Self talk Goal setting Relaxation Professional attitude Imagery
Coaching
• • • •
Individual-focused Coach as teacher, mentor, motivator, facilitator … Holistic approach to understanding the individual Emphasis on positive and forward-looking approach – “who do you want to be”
The GROW model of coaching
Preparation: • Session plan • Objectives “Fail to prepare. Prepare to fail” Typical structure: – Warm up – Drills – Conditioned games – Free play – Cool down
The coaching process
Guided discovery: - Create problem situation - Give players freedom to explore options Coaching formula: STOP-DEMO-REHEARSAL-LIVE
“Tell me and I forget. Show me and I remember.
Effective coaching
ASPIRE INVOLVE DEVOLVE INSPIRE
SMARTER targets
S pecific M easurable A ttainable R elevant T ime-bound E xciting R ecorded
CONTROLLABLE OUTCOMES ARE UNCERTAIN TASK-ORIENTED INTRINSIC MOTIVATION EGO-ORIENTED EXTRINSIC MOTIVATION PROCESS GOALS PERFORMANCE GOALS
Target specification
COULD SHOULD MUST
But be aware of the language of targets
“You MUST
– – –
Transactional Extrinsic Compliance achieve this performance level” “You CAN
– – –
Transformational Intrinsic achieve this performance level” Collaboration
It’s not about winning and losing. Don’t judge yourself or the team by something you can’t control. What matters is that you and the team strive to give of your best and to improve.
Dealing with failure
Pro team sports has high failure rates •Average teams lose 50% of their games •Football managers get sacked every 2 years on average •85% of full-time football trainees exit professional game within 5 years But few support mechanisms
Excessive focus on winning even in
youth development.
But winning is not a controllable
Re-creating the street environment
to develop expertise Structured coaching can stifle creativity
“The street taught us. Messi grew up like this. Messi taught himself instead of a coach saying ‘run from cone to cone with the ball, do this, do that’.” Johan Cruyff
The street – real-life, uncertain challenges Streetwise
– shrewd; practical; experienced
Group discussions
Question 1: Is there a role for the coaching approach in university degree programmes? Question 2: Should we be concerned with all four corners of talent development? Question 3: Could small-group teaching be structured as a coaching session? Question 4: How could we do more to ensure that graduates are streetwise?
Wrap up
Group discussion – report back Where has the journey taken us?
Thank you