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As
a corporate executive of your
firm, you have a critical
responsibility for the direction
and successful operation of all
business units within your
organization.
You must think innovatively
about how your company can
create
sustainable business value.
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Specific Responsibilities and
Expertise Requirements
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6 Attributes of Successful
Long-term CEOs
Differences between successful,
long-term CEOs and those who are
replaced after 6 years or less
on the job
Adapted from Executive Churn by
Roger Conway, Michael Campbell
and Corey Criswell
❶
Creating, Communicating and
Executing a Clear Vision,
Strategy and Stretch Goals. An
executive's success is affected
by the ability to communicate a
vision for a company's future,
helping employees to navigate
through change and motivating
them to achieve specific goals.
❷ Delivering Results. Today's
businesses – especially those
publicly held -emphasize the
bottom-line more than ever.
Tolerance levels for poor
performance are dropping. There
is little margin for error. That
makes the ability to produce
results a very important factor
impacting tenure.
❸ Acting with Integrity. Those
who operate with integrity
consistently adhere to a code of
conduct and have an underlying
value system that is manifested
through their behavior.
❹ Maintaining Key Relationships.
To have a long-term view you
need to have strong political
ties, good shareholder relations
and the skills and knowledge to
allow people to understand and
buy into the long-term view. A
successful relationship with the
board of directors is of
particular importance.
❺ Exhibiting Appropriate
Leadership Style and People
Skills. A poor leadership style
and people skills ultimately
have a negative impact on an
executive's tenure at their own
firm. Some executives can
clearly get the job done
quickly, but the 'dead bodies'
left in their wake can take
years for the organization to
recover.
❻ The Cultural Fit. A candidate
for a top job might look great
on paper, but must be culturally
compatible in order to build
relationships and add true
value. Often, hiring managers or
boards emphasize the need to
challenge old thinking and move
in new directions. But if an
executive is too far out of step
with an organization, the
resulting culture clash can
overwhelm the benefits.
The Problem
Talented managers often make it
to the top, but some don't stay
for long. In recent years,
turnover at the executive and
CEO levels has soared.
Insight
This research project helps you
to gain insights into the
shrinking tenure of executives
and the skills needed to succeed
over the long haul in a
senior-level position. CEOs,
operating officers, presidents,
vice presidents, directors and
board-level professionals were
surveyed to identify key factors
that impact executive churn.
Leaders at all levels can learn
from the mistakes and missteps
of short-term CEOs.
Think Like a Successful
Long-term CEOs
CEOs that stay put and continue
to drive organizational success
demonstrate their value in many
ways. You, too, can showcase
your value by following these
strategies of long-term CEOs:
❶ Focus on results. What can you
show that demonstrates tangible
results and solid success? Be
able to offer strategies and
recommendations for improvement
in areas outside your current
scope, too.
❷ Know what you stand for. Get
clear on the values and beliefs
that drive your leadership style
and your thinking. How have
those factors influenced your
behavior as a leader?
❸ Rally the troops. Given the
complexity of doing business on
today's global playing field,
the ability to marshal focus
around a clear vision is
critical. Can you successfully
rally an organization around a
common cause?
❹ Emphasize relationships. Make
it a point to build and improve
work relationships. Gain skills
that allow you to work well with
all key stakeholders.
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Specific
Tasks of a Corporate Leader
Jack
Welch: What It Takes To Be a
Great Corporate Leader
Henry
Fayol’s 14 Principles of
Corporate Management
Managerial
Leadership
10 Roles
Leadership-Management Synergy
What
Leaders Do
Effectiveness and Efficiency
Why a CEO
was fired |
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18 Leadership Lessons from Colin Powell |
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Great leaders are almost always great
simplifiers, who can cut through argument, debate and doubt, to
offer a solution everybody can understand. The result? Clarity of
purpose, credibility of leadership, and integrity of organization.
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The most important question in
performance evaluation
becomes not "How well did you perform your job since the last time
we met?" but "How much did you change it?"...
More
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Contributing To Overall
Success of Each Business Unit and the Organization As a Whole |
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Helping the business units do a better job.
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Helping the business units identify new opportunities for success.
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Helping the business units to discover and build synergistic
linkages among them.
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9 Signs of a Losing Organization
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Lack of Leadership Skills:
fear of change; leaders lack entrepreneurial spirit;
managers do not lead,
they just administrate and micromanage; weak leadership development
program...
More
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Developing The
Fast-Paced Flexible Culture
By:
Michael Dell
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Set a Common
Goal. Mobilize your
people around
a
common goal. Help them feel a part of something
genuine, special, and important, and you'll
inspire real
passion and loyalty
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The GE Leadership Effectiveness Survey
(LES)
Ranking Scale:
Significant Development Needed
1 2 3 4
5
Outstanding Strength
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Transforming
Your Business from Mediocre to Great
7 Principles |
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29 Obstacles To
Innovation
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7 Ways To
Improve Communication and Collaboration
B y:
Greg Jerralds |
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Develop a "top-down" culture that
encourages and rewards open communication and collaboration
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Balanced Organization:
5 Basic
Elements
Leadership
(Fire):
Inspirational
Leadership :
10 Roles
Inspirational
leaders
create an
inspiring culture
within their organization. They supply a shared
vision
and
inspire people
to achieve more than they may ever have dreamed possible.
They are able to
articulate a shared vision in a way that inspires others to
act.
People do what they have to do for a manager, they do their best
for an inspirational leader...
More
Inspirational Quotes from Great Corporate Leaders
"Outstanding leaders go out of the way to boost the
self-esteem of their personnel. If people believe in themselves, it's amazing
what they can accomplish."
–
Sam Walton
Develop a Clear
Vision
The one quality that all
leaders have in common is that they have a clear and
exciting
vision
for the future. This is something that only the leader can do.
Only the leader can think about the future and plan for the
future each day.
Enterprise
Strategies
Successful companies are those
that focus their efforts strategically.
Strategy
should be a stretch exercise, not a fit exercise.
To meet and exceed
customer satisfaction, your business team needs to follow an overall
organizational strategy. A successful strategy adds
value for the targeted customers
over the long run by consistently meeting their needs better than the
competition does...
More
Leading Organizational Change
The amount of
change in organizations has grown tremendously over the past three
decades, and the rate of change will only accelerate in the next few
decades. No wonder change, and
leadership through change, are foremost concerns of CEO’s today.
Leading
Change: The 8 Stage Change Process
Defrost a hardened status quo:
-
Establish a sense of urgency
-
Create the guiding coalition
Strategies for Leading Breakthroughs
So what separates
extraordinary leaders from proponents of the status quo?
They break the rules. Except, not in an arbitrary or capricious
way. When you look at examples of extraordinary leadership, like the
Founding Fathers of the United States or
Jack Welch of
GE, certain practices or principles become apparent. To start,
there is a
declaration of
what the future will be. There is also a purpose,
something to stand for. And finally, there is a clearly articulated
commitment.
Managing for Results
To achieve results, you should
develop a solid, sound, customer-focused, and
entrepreneurial strategy, aimed at
market leadership, based on
innovation, and tightly focused on decisive opportunities.
Achieving Extraordinary Results
By:
Brian Tracy
The most important quality of leadership,
the one quality for which you want to be known, is extraordinary
performance, with the goal of achieving extraordinary
results. These
results then serve as an inspiration to others to perform at equally
exceptional levels. People ascribe leadership to those men and women
who they feel can most enable them to achieve important goals or
objectives.
6Ws of
Corporate Growth
To achieve sustainable corporate growth, you and
your people should live the principles of
6Ws of corporate growth.
The "Six Ws" – what, why, who, when, where and how – are very powerful
words. Use them constantly to seek, either from yourself or from others, the
answers needed to manage effectively...
More
Leadership
Attributes
Leadership attributes
are the inner or personal qualities that constitute
effective leadership. These attributes include a large array of
characteristics such as
values,
character, motives,
habits, traits,
competencies, motives, style, behaviors, and skills...
More
A Leader's Mood:
The Dimmer Switch of Performance
How
do you work on attaining the consistent, emotionally intelligent leadership
behaviors that breed success in yourself and others? Here are a few other
suggestions to consider that can improve your and your team's performance.
Building Your
Sustainable Competitive Advantage
Sustainable competitive advantage
is the prolonged benefit of implementing some unique value-creating strategy
based on unique combination of internal organizational
resources
and
capabilities
that cannot be replicated by competitors...
More
Building an
Innovation-friendly Organization
Leaders of successful, high-growth
companies understand that
innovation is what drives growth, and
innovation is achieved by awesome people with a shared relentless growth
attitude and shared
passion for
entrepreneurial creativity
and for turning ideas into realities...
More
Case in Point
Silicon Valley Companies
Adapted from
Relentless Growth, Christopher Meyer
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Balance between revolutionary and
evolutionary initiatives. First, Silicon Valley companies assess
the overall balance between revolutionary and evolutionary projects. The
ultimate arbitrator of portfolio stretch if the innovation leaders’
judgment, experience, intuition, and luck.
Best
Practices
Google:
10 Golden Rules
-
Pack them
in. Almost every project at Google is a team project, and teams have
to communicate. The best way to make communication easy is to put team
members within a few feet of each other... Even the CEO shared an office
at Google for several months after he arrived. Sitting next to a
knowledgeable employee was an incredibly effective educational
experience...
More
Eliminating Bureaucracy
Bureaucracy
makes work and creates climate in which the
customer
comes third
– well after the management and the company's other employees.
How much of your energy is expended on purely internal
activities? if you spend less than 20% of your energy on external customers,
than bureaucracy has taken hold.
Building and Transforming
Corporate Culture
In six words,
corporate culture is "How we do things
around here."
Corporate culture is the collective behavior of people using common
corporate vision, goals,
shared values,
beliefs, habits, working language,
systems, and symbols. It is interwoven with processes, technologies,
learning and significant events.
Cultural statements become operationalized when
executives articulate and publish the values of their firm which provide
patterns for how employees should behave. Firms with strong cultures achieve
higher results because employees sustain focus both on what
to do and
how to do it.
Corporate culture can be transformed, but leadership to sustain anything
that sweeping has to come from "the top."...
More
Leading Systemic Innovation
Innovation is
the key driver of
competitive advantage,
growth, and profitability.
Today,
innovation is systemic.
It arises from complex interactions between many individuals,
organizations and their operating environment.
Firms which are
successful in realizing the full returns from their technologies and
innovations are able to match their
technological developments with complementary expertise in other
areas of their business, such as manufacturing, distribution, human
resources, marketing, and
customer service.
There are many parts of the whole field of innovation:
strategy innovation,
new product development,
creative approaches to problem solving,
idea management, suggestion
systems, etc. Though all of these components are important, in the new era
of
systemic innovation, you must
design your firm's
innovation process holistically.
Innovation is not divisible –
‘good in parts’ is no good at all.
Innovation systems
are only as strong as their weakest links...
More
Case
in Point
7-Part
Competitive Strategy of Microsoft
Although Bill Gates, Founder of
Microsoft, built his empire on technological products, his business
mastery is even more important than his technical skills, and his competitive
urge is a huge driving force.
The early success of
Microsoft was founded on the company's 7-part competitive strategy...
Enterprise-wide Business Process
Management
"Running a business without an
enterprise business
process plan is analogous to preparing for a big game with only a roster
of key players, no play-book and no practice...
Business process thinking is predicated
upon the central belief that it is fundamentally the complex,
cross-departmental, technology-enabled business process that
create value for
customers and shareholders."20
Case in Point
Using the Best Practice at GE
Many
GE
business units employ a tool called the Trotter Matrix to check on their
use of best practices. The scorecard was developed by Lloyd Trotter, who ran
the Electrical Distribution and Controls side at GE. He listed six desirable
attributes for each of his plants and then scored each attribute.
The Tao of
Business Success
The Tao of Business Success
helps you achieve much more with much less effort. It gives you advice that
imparts perspective and
balance. It applies equally well to
the managing of a large corporation or the running of a small business...
More
Business BLISS
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