For those of you attempting to follow the meandering health care reform debate ... gold stars if you have any idea where this sits today ... you might be interested in the recent Business Week article, Radical Surgery, about a hospital that slashes costs AND delivers high quality with innovative…
Seth Godin, blogger extraordinaire, has compiled an interesting and FREE PDF download from 70 diverse thinkers in which each person provides ONE WORD to identify an important concept for 2010 ... and then writes a single page to describe why they chose that word. From GENEROSITY to DIGNITY to POKER…
Yeah, I know, just what we need ... another checklist of the 10 Stupid Things I can't stop doing ..or the Top 5 things I need to do before I brush my teeth (really, nothing, do that first ... please). Nonetheless, this is a good time of year to consider…
By now, you know that the Sunday NY Times Corner Office series is oft-quoted here to highlight varying aspects of leadership that flow from Adam Bryant’s conversations with notable CEOs and business leaders.
This week he interviewed Drew Gilpin Faust, the first female President of Harvard University. Communication is a critical factor in her leadership style, and I can concur with the extraordinary importance this has in a university setting, having spent 6 months consulting with UCLA. The university community is a diverse governance conundrum with many cooks and few bottle washers, so communication is vital across all of the constituencies and leadership platforms. It’s no less important in your organization but the style required in a university setting sets a high standard for what’s required from all business leaders.
She also emphasizes the value of MBWA … the leadership tactic of “Management by Walking Around” mentioned often here. She also emphasizes (more…)
... or so says Fred Smith, Chairman and Founder of Federal Express. By any other name, there is no substitute for making sure that everyone on your team is "aligned" ... with the goals of the organization, its vision and mission, its values .... One way to discover a lack…
I saw this recent article which is a unique take on explaining the value of business plans. While I firmly believe that an unwritten plan is mostly a morass of untested ideas and random thoughts, following a methodical approach to building your business will pay great dividends.It simply doesn't work…
The sudden resignation of Ken Lewis from Bank of America highlights, yet again, the risks that family and other businesses take in failing to prepare for the inevitable succession of leadership.
A succession plan doesn’t mean you have all the work done and the perfect successor is comfortably waiting in the wings, although that would be desirable. It does mean, at a minimum, that you have an interim CEO in place who can hold down the fort while certain details are worked out and long term plans are implemented. Developing an emergency plan also gives the Board or family a chance to discuss these often thorny subjects without stockholder worries, employee hand-wringing or the emotional burden that comes with a fallen leader.
Often, this process highlight gaps within the family or board about the suitability of a particular successor. (more…)
How do you create jobs? Finally, this question is finally getting some attention in Washington ... sadly, it took increasing painful unemployment reports to get this front and center ... but from the ground floor where we live, I don't see the efficacy of some of the programs being considered.…
Finding ways to get things done more simply is an elusive target for most of us. Forbes magazine recently carried an article in which Ron Ahskenas, a managing partner at Robert H. Schaffer & Associates, a Stamford, Ct. management consulting firm, talked about three key ways to get more done…