Exemplary leaders create a safe climate to help those led form and focus on controllable factors to reach a shared mission aided by precise values.
Why do companies hire chief operating officers (COOs) when their efficacy is questionable? A 2004 research found no support for the contingency view explaining when COOs are most beneficial. Instead, it found “CEOs [Chief Executive Officers] who have COOs deliver lower organizational performance than those who do not.” (Hambrick, D., & Cannella, A., 2004).1 Fifty […]
World Economy Saddled With Debt World economies entered the pandemic saddled with debt, which will hamper the pace of economy recovery. Many countries depend on consumer spending to drive their economies (about 70% in the U.S. and Canadian), and during an economic slowdown firms lay off workers who must cut spending. Still, the IMF estimates […]
Setting and maintaining the right culture is an antidote to toxicity. That’s what effective leaders do. Don’t lead with arrogance, unrealistic expectations, throw temper tantrums, or be rude. These negative traits at the top breed toxicity in organizations. If you are always out front with answers, you do not lead a team, you are a maverick!
Apart from being cold in Canada, February is RRSP season. Personal financial advisors and financial institutions blitz clients to make annual contributions to get a tax deduction from the previous year’s income. They tout RRSPs as the best tax deduction available, sometimes to students who pay little or no taxes, to boot! Let’s review Registered […]
Apple’s Smartphone Strategy Steve Jobs’ Apple produced the Macintosh computer in 1984 for normal people’s use, not experts. Later, Apple ousted Jobs and developed the Newton in 1993, an outstanding PDA ahead of its time. I have two functioning Newtons, which could have heralded the iPad years earlier if continued. On Jobs return to Apple, […]
The APPLE leadership principle stresses the need for leaders to ask questions of people of integrity as they develop and refine the entity and division’s purpose; then leaders listen and empower these people to carry out the mission. Ask CEO and executives must master asking pertinent questions.They must learn to frame issues, withhold decisions, and […]
Managers are leaders despite what some experts say. Management books and “experts” tell us a basic distinction between leaders and managers is leaders lead people, managers manage things. Sounds good and seems accurate; but that misses one factor. We need people to manage things. And the manager must work with them. She must coach, guide, […]
Diagnosing the struggling startup is the first step to recovery. When you go to the doctor, he or she will not prescribe a solution before a diagnosis. The same with companies—large, small, start-up, or established. After we identify symptoms such as poor cash flow, we must perform a diagnosis. The Struggling Startup Might Not Need […]
Stakeholder capitalism is today’s fad to replace shareholder capitalism. But is it the correct cure? In the survey we designed and commissioned in August 2020, 65% of 145 responses showed that the central issue with capitalism isn’t the system, per se. It is flawed people driving it—more on the survey later. To millennials and other […]