Specific challenges and action plans may vary across companies and industries, but the fundamental disciplines of management and leadership remain consistent.
As we enter 2012, opportunities for good leadership abound! In public and private sector organizations as well as in all levels of government, I sense a feeling of positive expectation. People are waiting for strong leaders to step into the voids with sound thinking, fearless vision, and relentless energy. Who will step up? Will it be you and the people in your organization? I hope so.
Building and nurturing a productive organization requires two important elements: (1) over-satisfying the needs of the customer and (2) creating a culture that fosters talent to accomplish #1. Specific challenges and action plans may vary across companies and industries, but the fundamental disciplines of management and leadership remain consistent. The articles in this year's edition of The CEO Advantage Journal reflect that consistency. This publication (now in its fourth year) has never purported to offer brilliant new methods; our intent is to offer reminders of simple, practical disciplines to leaders who desire to build their organizations toward greatness.
When making team decisions, everyone brings unique perspectives to the table, and the resulting disagreement should not be avoided. Generative thinking helps us understand how to leverage these conflicting perspectives for the benefit of the organization.
The Detroit Pistons have enjoyed tremendous success for more than six years. This is no accident. Former star player and current President Joe Dumars shares winning principles that apply to any organization in any industry.
Many successful executives are surprised to find themselves very uncomfortable in what they thought was the “good life,” but this should be expected when the “good life” is the goal. The challenge is to find confidence in discomfort.
The words on a business card don’t make someone a leader. What does real leadership look like? The word itself offers an answer and a simple way to remember.
When business issues and family issues are the same thing, the challenges in each institution multiply. Adhering to three key disciplines will ensure that family remain allies and make life much easier for everyone involved.
Nonprofit organizations may think that low budgets are their primary obstacles to retaining employees, but money is rarely the sole reason an employee leaves. Strategic discipline enables nonprofits to target the one inherent advantage they already have in attracting talent.
Today’s winning business principles are not rocket science. They are also nothing new, as revealed by the writings of a B.C.-era thinker from the other side of the world.
As young companies grow, the CEO often decides he must part ways with the very people who helped build the business. These may be tough decisions, but if approached correctly, they can – and should – benefit everyone involved.
Many small businesses eventually sell to larger organizations. Even if they don’t, however, operating as if they will can help drive discipline at all levels and increase the company’s value, regardless of who owns it.
The BHAG concept, first identified by authors Jim Collins and Jerry Porras, is a powerful tool for rallying an organization around shared vision. The challenge is to avoid rendering it meaningless by misapplication or overuse.
It is easy for executive teams to fall into patterns of groupthink. The four disciplines of the PACT model provide a sound decision making process to help business leaders stay focused on making the best possible decision.
Education is a noble profession, but many schools have allowed their wellintentioned idealism to block out the realities of the market. As school administrators face increasing economic challenges, they must learn to run their organizations like the businesses that they are.
Capitalism is something people either love or hate; either way, its influence on society cannot be ignored. Yet, capitalism is actually part of something bigger – something which should influence how business executives lead.
Much has been written about what makes great organizations successful, but we can learn at least as much from how they fail. A systematic approach to studying failure should be a top priority for all business executives.
The three types of family businesses are defined by the relationship between the family, the CEO, and the management team. Each type has its own way of making decisions, and the consequences (good or bad) are real.