Showing posts with label business leadership. Show all posts
Showing posts with label business leadership. Show all posts

Women on Corporate Boards of Directors: International Research and Practice (New Horizons in Management) Review

Women on Corporate Boards of Directors: International Research and Practice (New Horizons in Management)
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Women on Corporate Boards of Directors: International Research and Practice (New Horizons in Management) ReviewPresents an excellent set of worldwide research on progress, strategies, results, and challenges.
Overall, progress seems to be glacial but more pronounced in European countries, such as Norway with legislated quotas. Women's representation appears associated with representation in senior management, smaller pay gaps, equity legislation, work-family initiatives, social/cultural support, quality of board deliberations, and increased profit. Of course, if the correlation with increased profit proves strong enough, we may see growing demand for the Pax World Women's Equity Fund and others that promote gender equity. So far, correlations seem too weak, although several public pension funds, including CalPERS and CalSTRS may help the cause.
One of the more interesting papers in this collection is that of Val Singh, who focuses on Jordan and Tunisia. I haven't seen much research on corporate governance in Arab countries, especially focused on women, and was surprised to learn 10% of Tunisian directors are women. It is difficult enough trying to get inside the "black box" of boardrooms anywhere. Creating benchmark studies in Arab countries must be even more difficult, given what at least appears to this outsider as a general reluctance to tackle gender issues.
Women do much better at state-run businesses. In the US, we seem to be more willing to experiment at companies that are broken, so the financial crisis may present an opportunity. However, several researchers warn of a "glass cliff." Apparently, women are invited onto more boards where companies are failing and are desperate. They are paid less at companies performing well and more at those doing poorly. Like directors elected by dissident shareowners, women directors are often isolated as outsiders and do better when they are not alone.
At the February 2009 "Women in Investments" conference in Sacramento, CalSTRS board member Carolyn Widener, drew a big laugh when she quoted Nicholas Kristof about speculation at Davos, Switzerland concerning "whether we would be in the same mess today if Lehman Brothers had been Lehman Sisters." Eventually, if resurrected, maybe we'll have Lehman Sisters and Brothers. This volume contains some of the best research to date from a wide variety of disciplines around the world that may just help to get us there.Women on Corporate Boards of Directors: International Research and Practice (New Horizons in Management) Overview

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Start with the Answer: And Other Wisdom for Aspiring Leaders Review

Start with the Answer: And Other Wisdom for Aspiring Leaders
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Start with the Answer: And Other Wisdom for Aspiring Leaders ReviewPractical wisdom is something every new CEO needs. Start With The Answer is like wisdom in a bottle-it's refreshing, easy-to-swallow and ultimately hydrating. I think there's something in it for every leader. I found Bob's "wisdoms" not only insightful, but highly useable.
Chris Foster
CEO
Fallon WorldwideStart with the Answer: And Other Wisdom for Aspiring Leaders Overview

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The Management Team Handbook: Five Key Strategies for Maximizing Group Performance (Jossey-Bass Business & Management) Review

The Management Team Handbook: Five Key Strategies for Maximizing Group Performance (Jossey-Bass Business and Management)
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The Management Team Handbook: Five Key Strategies for Maximizing Group Performance (Jossey-Bass Business & Management) ReviewI would use this book if I were forming a new management team.
It provides an efficient, structured process for talking about real business issues over a period of weeks rather than hours. It easily be integrated into regular staff meetings or retreats. An executive or consultant could modify as needed to suit the situation.
I attended a seminar led by the author when the book first came out, and she knows her stuff.The Management Team Handbook: Five Key Strategies for Maximizing Group Performance (Jossey-Bass Business & Management) Overview

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America's Service Meltdown: Restoring Service Excellence in the Age of the Customer Review

America's Service Meltdown: Restoring Service Excellence in the Age of the Customer
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America's Service Meltdown: Restoring Service Excellence in the Age of the Customer ReviewWith the first decade of the XXI century behind us, it was to be expected for organizations to have already achieved excellence in regards to customer service, since it seemed to be a must toward the end of the last century.

Mr. Pupo's book shows with amazing clarity how far a lot of organizations still are from offering an excellent customer service (the reader will no doubt feel identified with some of the situations presented), highlighting the fact that in order to achieve excellence in this subject, a strong resolve to want to make it happen must be present in the highest levels of an organization. Additionally, this conviction to customer service must be present in the organization's mission statement, objectives and strategies, as well as its policies and operational and management processes, particularly in its human resources, with special emphasis on its frontline workers. NEVERTHELESS, what is most important is for high-level executives and managers to be genuinely convinced about the need to perfect customer orientation and to show it in their day-to-day activities and decision-making.
Mr. Pupo's book analyzes the behavior of organizations in terms of being or not customer centered. At the same time, it is warning for the future, in terms of Mr. Pupo, because in this age of the Internet and digital communication, each day that goes by the costumer role changes from being someone subdued to becoming a demanding client with higher power.
Organizations planning to remain in this global market will have to reconsider their real interest on zeroing in their focus on the customer and, for those organizations, Mr. Pupo's book will no doubt be an excellent starting point.
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The AMA Guide to Management Development Review

The AMA Guide to Management Development
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The AMA Guide to Management Development ReviewDan Tobin and Peg Pettingell's new book, The AMA Guide to Management Development, is a unique reference guide for any business organization that wants to improve the quality of its leadership pipeline. The book contains the new AMA Management Competency Model and explains it in detail over three chapters. Tobin and Pettingell then go further to show how such a model can be used in selection, training, and development. Bottom-line: The AMA Guide to Management Development is a solid and practical reference for Business, Training, OD, and HR Leaders.The AMA Guide to Management Development Overview

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Joining Forces: Making One Plus One Equal Three in Mergers, Acquisitions, and Alliances Review

Joining Forces: Making One Plus One Equal Three in Mergers, Acquisitions, and Alliances
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Joining Forces: Making One Plus One Equal Three in Mergers, Acquisitions, and Alliances ReviewDiscusses the strategic advantages of companies merging or aligning business processes. The authors provide guidelines for making these arrangements successful. The book covers factors driving combination activity and delves into the details of the process, from initial planning and cultural due diligence to the integration of structures, policies, and practices. The authors also give guidelines on assisting in the subtle, delicate process of psychological adjustment. Recommended.Joining Forces: Making One Plus One Equal Three in Mergers, Acquisitions, and Alliances Overview

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Keeping The Millennials: Why Companies Are Losing Billions in Turnover to This Generation- and What to Do About It Review

Keeping The Millennials: Why Companies Are Losing Billions in Turnover to This Generation- and What to Do About It
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Keeping The Millennials: Why Companies Are Losing Billions in Turnover to This Generation- and What to Do About It ReviewMy first reaction when I first got the book was to reject it. I thought "in this turbulence who would need to worry about recruiting and keeping staff." I thought "poor timing to release a book like this".
I also tend to dislike books the categorize people and say all millennials do this or that. I know I am not typical of any group and I think most people are also unique.
But then I got into the book.
I agree that turnover is very expensive for companies. This is often an overlooked expense.
I am also a believer that the key to running a successful business is getting people fully engaged so understanding what creates engagement in a generation (and no they are not all the same) is important.
I also see that the current economy will create a situation where some people will work later in their life so we will now have 4 generations that need to work smoothly together.
And I am energized to think of using the unique characteristics that each generation can offer to build a great company. This diversity will be health if properly harnessed.
Millennials (or generation Y) are an interesting generation (born 1980 to 1999). They suffer from overprotective parents and having things too easy (read The Millionaire Next Door for a prospective on that). They are highly techno savvy. They will embrace multiple jobs and careers in their lifetime. They seek balance in life. They want fast advancement.
I liked the section that compared the Boomers (that would be me) to the Millennials. Even though I reject being categorized, I certainly saw myself with many Boomer qualities. Boomer focus on work ethic and Millennials focus on getting the job done - perhaps I can learn something. Work less, accomplish more. After all, effectiveness is really the goal.
I really liked the section on how to onboard millennials and how they learn. These were good concrete ideas that are actionable.
And of course I liked the view on how Millennials use and interact with technology and the Internet.
Good book. Interesting and well written.Keeping The Millennials: Why Companies Are Losing Billions in Turnover to This Generation- and What to Do About It Overview

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We: How to Increase Performance and Profits through Full Engagement Review

We: How to Increase Performance and Profits through Full Engagement
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We: How to Increase Performance and Profits through Full Engagement ReviewThis book is unique in its approach to employee engagement. The authors provide ample proof that the responsibility for achieving this lies not only with the employee but with the leadership as well. Karsan and Kruse have opened a new chapter on this matter by illuminating the possibilities when both parties play an active role in creating a culture based on three main drivers which are growth recognition, and trust. They point out that there are also other drivers that sometimes need to be addressed on a case-by-case basis:
Teamwork
Communication
Future Vision
Corporate responsibility
Product/service quality
With detailed explanation, the book also reveals the 12 archetypes of organizations and gives the reader a closer look as to why they would or would not find themselves fully engaged in certain types of workplaces. Very helpful!
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The Trophy Kids Grow Up: How the Millennial Generation is Shaking Up the Workplace Review

The Trophy Kids Grow Up: How the Millennial Generation is Shaking Up the Workplace
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The Trophy Kids Grow Up: How the Millennial Generation is Shaking Up the Workplace ReviewJournalist Ron Alsop (The Wall Street Journal) has taken a group of columns and expanded them into a book titled, The Trophy Kids Grow Up. Alsop's kids are the millennials, those born between 1980 and 2001, who have grown up with prosperity and have had lavish attention and praise wash over them throughout their lives. Now that they are arriving in the workplace, Alsop proposes ways that companies need to change to accommodate this generation of workers. I'm not as sure as Alsop is that this generation is shaking up the workplace. It may be that this group, to whatever extent they represent a real group, may be unrealistic in their expectations of the workplace, and are making their concerns heard. Some companies are listening and making changes; other companies are likely to tell them to grow up. Alsop provides lots of examples of what changes some companies are making. Each chapter ends with "chapter highlights" to recap his key points. I found this book to be tedious to read and sometimes repetitive. I was aghast to read about helicopter parents wanting (and sometimes getting) to sit in on performance assessment meetings with their children who are adults. My forecast is that this cohort called millennials may be starting out with expectations that some companies will be willing to meet. As the bulk of millennials come to the workforce, their expectations may become more realistic and more consistent with current corporate practices. If you read this book and decide to copy what some companies are doing, I encourage you to think twice, and make only those changes that you conclude are absolutely necessary to avoid alienating the talented millennials you want to become part of your organization.
Rating: Two-star (Mildly Recommended)
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The 360 Degree Leader: Developing Your Influence from Anywhere in the Organization Review

The 360 Degree Leader: Developing Your Influence from Anywhere in the Organization
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The 360 Degree Leader: Developing Your Influence from Anywhere in the Organization Review
I have read and then reviewed most of Maxwell's previously published books which offer solid content, if not head-snapping revelations. For The 360º Leader, he has selected an important but neglected business subject: the middle manager who has far more responsibility than authority, who struggles to earn respect from her or his peers while accommodating the needs and interests of superiors, and who frequently feels overworked and under appreciated. That situation is even worse when reporting to the kind of pedant whom Jean Lipman-Blumen describes in The Allure of Toxic Leaders. As usual, Maxwell has organized his material with almost mechanical precision: a separate chapter devoted to each of seven "Myths" in Section I, to each of seven "Challenges" in Section II, to each of seven "Lead-Up Principles" in Section III, to each of seven "Lead-Across Principles" in Section IV...you get the idea. Perhaps because of Covey's influence, seven remains a favorite number to Maxwell and to other authors of business books.
I do not assert that Maxwell has a "cookie cutter" mentality. Rather, to suggest that he demonstrates in this book far greater facility with bromides than he does with insights. He is a conscientious recycler of ideas, especially those expressed in his earlier books. I found much in The 360º Leader that is clever but very little that is original. I appreciate the "Review" at the conclusion of each of the five sections. I regret that he merely lists the seven whatevers without annotations which would have made a periodic review of key points more rewarding.
With regard to this book's title, I think it has far greater potentiality than what Maxwell offers. It is indeed highly desirable for all managers -- not only those in the shrinking middle of once hierarchical organizations -- to maintain a synoptic (i.e. a 360º) perspective on the business world which surrounds them. Peripheral vision is no longer sufficient. Moreover, it is also important to "look" up -- at goals yet to be reached or visions yet to be fulfilled, for example -- and to "look" down to make certain that one's feet are on solid ethical ground. In my opinion, Maxwell fails to demonstrate a 360º perspective on his subject: how to develop (positive and productive) influence from anywhere in the organization.
There is also the matter of how one defines "leadership." Presumably Maxwell agrees with me that it is not dependent on one's rank, social status, title, salary, etc. Rather, it is the result of natural talents and innate qualities which have been carefully developed, indeed nourished. (Maxwell has much of value to say about that in other books.) Add some good luck, fortuitous timing, and a spoonful of "street smarts" and you have someone whom others respect and trust, someone whom others will voluntarily follow. What I think Maxwell means by "leadership" is actually initiative, one of the qualities most highly praised by Napoleon Hill who stressed the importance of "going the extra mile" and by Dale Carnegie when explaining how to win friends and influence people. Maxwell acknowledges neither in this book.
I have indicated my disappointment in a book I was so eager to read. Presumably it will be of interest and value to some people. If so, good for them as well as for Maxwell. However, I suspect there are others who need thought-provoking insights rather than the broad generalities on which so much of Maxwell's narrative depends. To them I strongly recommend James O'Toole's Creating the Good Life and Michael Ray's The Highest Goal. Neither is an "easy read." Fair enough. Neither are many of the situations we face in our lives each day.
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Not Everyone Gets A Trophy: How to Manage Generation Y Review

Not Everyone Gets A Trophy: How to Manage Generation Y
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Not Everyone Gets A Trophy: How to Manage Generation Y ReviewBruce Tulgan published his first book about young people in the workplace when he was 27 and arguing on behalf of his own generation. After fifteen years of working with business leaders in companies ranging from Aetna to Wal-Mart, he felt this was the right time to present business leaders, managers, and other grown-ups with a reality check about "Generation Y" employees (those born 1978 and later). And so, at 42, he has assessed the new generation of young workers.
I have rarely resisted a book more. Not because of the book, which is lively and wise and provocative, but because of the attitudes that Tulgan attributes to this generation. I loathed these kids, even though I felt like some descendant of Spiro Agnew ranting against hippies. Bruce knew all about that position --- and why I had it. So when we got together to discuss his book, he not only had a smart answer for every question, he had a trenchant analysis of his interrogator. And, perhaps, you as well.
Jesse Kornbluth: Reading this book now, with unemployment rising and rising, I kept thinking: Bruce wrote this book in a different world. The book is an artifact of a time forever past. For example, you write, "You're not the only one selecting. The employee is selecting you too." That's so 2007 to me.
Bruce Tulgan: Sorry, but it's still true. Ask anyone in health care --- the demand for skilled talent still outpaces supply in certain industries. There will be many casualties ahead, many young kids can't get hired, but competition for the best people will always be fierce. Remember, the title of my book is 'Not Everyone Gets a Trophy' --- not" `cater to the young upstarts.' My message is about giving a wake-up call to the young upstarts. The terrible economy may be just the opportunity managers need in order to make it stick.
JK: You write about the kid who says, "Surfing is really important to me. If the waves are big, I might not come in." Isn't the right response: "Great. Here's the rest of your life to go surfing. See ya..."
BT: If this young person is the best person for the job -- besides being really annoying -- then the right thing for the hiring manager to do is to use the surfing as a quid pro quo. GenYers are very transactional in their thinking. Their parents have been negotiating with them since they were very young with small incremental rewards. Use that to your advantage. Trade the surfing with this young person in exchange for getting tons of work done very well, very fast all day long when he's not surfing.
JK: Yes, but. In 2009 reality, if I didn't have a job, I wouldn't feel that choosy. Why do these kids think they're so valuable?
BT: Well, they may find out they can't be so choosy in this economy. Still, there's a paradox here --- in an environment of uncertainty and rapid change, the playing field is leveled. Long-term payoff no longer is the game. And these kids are smart in a new way. They have more information at their fingertips than any generation in history. They've never been in an environment in which they couldn't find the answer fast. And they are willing to do tons of grunt work very well very fast --- as long as they know somebody is keeping track.
JK: Still, there's a protocol in organizations, and it starts with an appreciation for the hierarchy and the elders. Who told these kids that the rules didn't apply?
BT: Throughout the '60s, '70s and '80s, there was a lot of research about childhood self-esteem. And then came a shift from parents being groovy to kids being over-parented. In the '90s, every kid was a winner at something --- every kid got a trophy just for showing up.
JK: This also makes me want to puke. But you say it like it's a neutral fact.
BT: I'm not in the "good news, bad news" business. I'm just describing the way it is. My personal view: The self-esteem experts are wrong in many respects. They argue that because this generation of kids has been raised this way, we must continue to praise them and find things for them to do that they like. I argue the exact opposite in my book. I believe that most of the experts have it all wrong. And that's the reason companies hire me: I come in and say, `The way to deal with unrealistic expectations is to help show the young upstarts what expectations are realistic. Make the quid pro quo explicit every step of the way.'
JK: Do you say this when kids are in the room?
BT: Yes. And they love it.
JK: Why? Aren't you saying: The party's over?
BT: No. I say: drive a hard bargain. Make expectations clear. Set them up for success. Help them earn more of what they need and want. But hold them accountable every step of the way. Don't tell them they are winners when they are not. But help them win, for real. I'm telling their bosses to say, "You don't want to work on Thursday? Then here's what I need by midnight on Wednesday."
JK: If you made these deals, I'm betting that the manager's inbox will be empty at midnight on Wednesday.
BT: Then hold that person accountable. If you take the time to try to teach them how to succeed, acknowledging the transactional relationship, and then shine the bright light of scrutiny on their performance, it is much easier to hold that person accountable when he fails to perform. After the first empty inbox, maybe you take away the surfing. After your inbox is empty a second time, you might have a difficult conversation. After the third time, maybe it's time to take away the paycheck. But first you have to put in the time up front to try to really try to teach that person how to meet expectations. You have to put in the time to teach that person how to succeed.
JK: That goes against the grain for me. You write about the kid who says, "Surfing is really important to me. If the waves are big, I might not come in." And I think the right response is: "Great. Here's the rest of your life to go surfing. See ya..."
BT: You have to hire someone to do the work. If you send the surfer off to surf, then you'll probably just get another high maintenance young applicant in his place. But remember many young people in this labor market still have plenty of negotiating power. The more schooling you need to do a job, the more leverage the kid has with the employer.
JK: This is a first for me --- I'm taking the side of Management.
BT: You're not. You're taking the side of grownups. But I also say: If you do the transactional math, it may be better to let a high performing upstart take Thursday off and bring his dog to work if that means you get better work out of him. You have to negotiate every step of the way.
JK: But what about: If you give a mouse a cookie...?
BT: It does seem poor taste that Gen Y-ers think of employment relationships as so short-term and transactional, but I teach managers to use that attitude to get more and better work out of every person.
JK: As a boomer, I find this hard to swallow. I feel I should call their parents.
BT: But their parents are likely to be calling you! In our interviews, I hear stories every day about parents calling the boss. At a public safety conference a fire chief told me this story about a young man who became a fireman. After a few weeks his mother called to say he had been working the night shift and he had a hard time sleeping during the day and so he was exhausted all the time. The fire chief snapped, "Ma'am, your son is a fireman" --- and hung up.
JK: If you had to choose between hiring/firing a 23-year-old Gen Y-er who thought he/she was the greatest thing since sliced bread and a 45-year-old who has a family to support and is infinitely grateful for the job, who would you choose?
BT: You need more information to do the business math. All things being equal, maybe you hire the grown-up. But you need more information to know who you really want to hire. I remind employers: Gen Y-ers walk around with a flashing neon sign on their forehead saying "I'm a special case."
JK: And I, of course, think that sign should be on their back: "Kick me hard."
BT: Baby boomers had this attitude too. But they kept it to themselves when they were young. They kept their heads down and mouths shut. But they tell me every day in our interviews, "Hey I want flexibility too. I want a lot of the things that these kids are demanding... and I've been here for thirty years!" Everyone's a special case. It's just that some people are better at hiding it than others. Today's young workers are just really unaware that they seem like such squeaky wheels.
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Winning Review

Winning
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Winning ReviewThere are two ways to look at this book and at Jack's management philosophies. One can focus on Jack Welch the person, or Jack Welch the business leader. For those who choose to focus on Jack Welch as a person and how he lived his personal life, then I suggest he is not the man to follow. However, if you want some simple, powerful and proven management practices, then he is arguably one of the best ever.
I continue to be amazed at the simple clarity of his message: empower others, ask questions, tap into the potential of all of your associates, choose integrity and candor over charts, graphs, and politics, and spend more time in action instead of planning and posturing budgets. I cannot read his words, or hear him speak without feeling again as I did as a member of his team at GE. Without fail, I was inspired and honored to be at a company which really believed that bureaucracy was to be avoided, and those who could look at reality without the politics and act accordingly were highly regarded. The one aspect I did not count on was that after leaving GE due to geographical and travel demands, those simple truths which engage and inspire people to reach stretch goals would be so rare. In fact the most basic aspects of candor and open honest dialog about the business are punished in some organizations.
The book itself is written in a conversational tone. It is easy to read, and feels as though you are in a dialog with him over a cup of coffee. Several key themes emerge which may be surprising to others who know him by reputation only.
One, Jack holds no malice and actually celebrates those whose careers involved leaving GE for roles elsewhere. This is a rather unique view, as many organizations have a misguided loyalty requirement that actually stifles the very performance potential they seek. Second, Jack seems to be more reflective of how he missed the boat on the whole work/life balance concept. Third, his willingness to openly admit mistakes is refreshing and contrary to his criticisms by others of his ego.
I found the sections on developing people, and setting business strategy to be most helpful. He understands, where few others do, that huge PowerPoint decks and consultants will not meet the need of your clients, nor will the usual political tactics help your business move forward.
I recommend this book highly, it is much more real than anything he has written before, and his passion and energy jump off every page.
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Results That Last: Hardwiring Behaviors That Will Take Your Company to the Top Review

Results That Last: Hardwiring Behaviors That Will Take Your Company to the Top
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Results That Last: Hardwiring Behaviors That Will Take Your Company to the Top Review
In the Introduction to this book, Quint Studer makes the following assertion: "Standardize the right leadership practices and you will find that organizational performance improves across the board...and stays improved." More specifically, results-driven leadership at all levels and in all areas will achieve and then sustain outstanding performance throughout the given enterprise. That's obvious. Here's the challenge: To get the right goals, the right behavior, and the right processes in proper alignment. More specifically:

1. Have stretch goals that everyone understands and supports, then measure performance in terms of progress toward achievement of those goals. At all times, know what is most important and focus on doing it.
2. View behavior from two separate but related perspectives: values and productivity. At companies such as GE and Southwest Airlines, for example, there is zero tolerance of inappropriate behavior no matter how productive the given offender may be. At the same time, people are expected to produce results (Jack Welch calls it "hitting the numbers") or seek career opportunities elsewhere.
Note: I agree with Studer that the behavior of all supervisors must be "standardized," at least to the extent that they have impeccable character, know their stuff, provide constructive criticism whenever it is needed, earn and remain worthy of trust, and do everything humanly possible and appropriate in the best interests of those entrusted to their care. That said, allowances must be made for differences in personality, lifestyle decisions, avocations, etc.
3. Make all processes as simple as possible...but no simpler. Many processes streets that remain essentially unchanged (except for occasional repairs) even as residents of homes, merchants and their customers, and students enrolled in schools come and go. This is especially true of the process by which an organization such as the U.S. Marines develops leadership. "Many are called, a few are chosen" and then all receive rigorous formal training with hands-on daily supervision as they are absorbed by the culture and identify with its values, meanwhile strengthening individual skills, enriching personal knowledge, and - over time - adding increasing value to the organization.
According to Studer, "Evidence-based leadership (EBL) enables us to create results that last. What is EBL? It's a strategy centered on using the current `best practices' in leadership - practices that are proven to redsult in the best possible outcomes. The `evidence,' in this context, is the reams of data collected from study after study that aim to determine what people really want and need from their leaders. When leaders apply these tried-and-true tactics to every corner of our organizations, we achieve consistent excellence. Our organization's success is no longer dependent on individuals. It's hardwired. No matter who leaves, the excellence remains."
Throughout his narrative, Studer explains how EBL enables those who practice it to identify and deal with "High, Middle, and Low Performers," recognize the five critical elements employees want from managers, "manage up" to improve the performance of those they supervise, measure performance fairly and consistently, improve employee selection and retention, "harvest" intellectual capital, take a customer-centric approach, and build a culture around service, and serve as a role model for effective communication, cooperation, and collaboration.
Well-done!
Those who share my regard for this book are urged to check out Hard Facts, Dangerous Half-Truths And Total Nonsense: Profiting From Evidence-Based Management co-authored by Jeffrey Pfeffer and Robert Sutton as well as their earlier book, The Knowing-Doing Gap: How Smart Companies Turn Knowledge into Action as well as Edward Lawler's Talent: Making People Your Competitive Advantage, Robert Mittelstaedt's Will Your Next Mistake Be Fatal?: Avoiding the Chain of Mistakes Which Can Destroy Your Company, Michael Levine's Broken Windows, Broken Business: How the Smallest Remedies Reap the Biggest Rewards, George S. Day and Paul J.H. Schoemaker's Peripheral Vision: Detecting the Weak Signals That Will Make or Break Your Company, and Sydney Finkelstein's Why Smart Executives Fail and What You Can Learn from Their Mistakes.Results That Last: Hardwiring Behaviors That Will Take Your Company to the Top Overview

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The New Gold Standard: 5 Leadership Principles for Creating a Legendary Customer Experience Courtesy of the Ritz-Carlton Hotel Company Review

The New Gold Standard: 5 Leadership Principles for Creating a Legendary Customer Experience Courtesy of the Ritz-Carlton Hotel Company
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The New Gold Standard: 5 Leadership Principles for Creating a Legendary Customer Experience Courtesy of the Ritz-Carlton Hotel Company Review"New Gold Standard" is a super, if slightly older, book on a really important subject: The Ritz-Carlton is one of the organizations whose methodology has truly transformed our understanding of what customer service quality and consistency can be.
I recommend "The New Gold Standard, especially if you're in the hotel business; Michelli, who also wrote The Starbucks Experience, is a consultant who did a great job writing it. I don't agree with the catty comments on this page that its writing style is sleep-inducing, etc. -- I guess they're complaining because it's written in an academic style and is maybe overly deferential to the owners of the Ritz (hey, it is an "official" history). Nonetheless, in my opinion it is still full of many well organized details and a helpful book for anyone in hospitality. Some of the strong points in particular are the historical overview and the interviews Michelli includes.
(One note to be aware of: There's now also a newer book on practical applications of Ritz-Carlton customer service and management techniques that's just come out this May; I really enjoyed it a lot. I got a lot out of this newer book ("Exceptional Service, Exceptional Profit"); it's by the founder of the Ritz Carlton Leadership Center along with Horst Schulze, the Founding President of The Ritz. They collaborate with an entrepreneur/systems expert from *outside* of the hospitality industry; this allows them to cover management issues in a lot of depth and in fields that are often far removed from just hotel-industry topics. Here's the link: Exceptional Service, Exceptional Profit: The Secrets of Building a Five-Star Customer Service Organization.
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The Four Obsessions of an Extraordinary Executive: A Leadership Fable Review

The Four Obsessions of an Extraordinary Executive: A Leadership Fable
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The Four Obsessions of an Extraordinary Executive: A Leadership Fable ReviewPatrick Lencioni has once again presented a concise, compelling, simple, and wise look at the role of a leader in an organization. 5 temptations of a CEO, a title I felt should have been 5 temptations of any manager, was a much needed look at the insecurities that hit once we are in charge. The trouble I had with that book, and the author deserves no blame for this, is that the individuals who truly needed it would probably not recognize their areas for improvement.
Obsessions of an Extraordinary Executive answers that need. I am sure that all executives, all of us, feel extraordinary. We will pick this book up expecting a pat on the back for a job well done. Instead, this book challenges the role of the leader and presents 4 disciplines that should be at the Heart of any World Class organization. In fable format, which is far less threatening, and much more enjoyable to read, Lencioni shares the 4 simple disciplines of healthy organizations- 4.Reinforcing Clarity through Human Systems- 3.Overcommunicate Organizational Clarity- 2. Create Organizational Clarity- 1.Build and Maintain a Cohesive Leadership Team
It is impossible to read this book and not learn from the past experiences that one has as a leader. It also reminds the reader that it is at the very top that an organization derives it's health. Without leadership committed to health, the organization will never find it.
For all the leaders out there, buy this book, open your mind and read it. You may have to face some tough truths, but the individuals who work for you, will thank you for it.The Four Obsessions of an Extraordinary Executive: A Leadership Fable Overview

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Good to Great: Why Some Companies Make the Leap... and Others Don't Review

Good to Great: Why Some Companies Make the Leap... and Others Don't
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Good to Great: Why Some Companies Make the Leap... and Others Don't ReviewThis study was stimulated by Mr. Bill Meehan's (head of McKinsey in San Francisco) observation that Built to Last wasn't very helpful to companies, because the firms studied had always been great. Most companies have been good, and never great. What should these firms do?
Jim Collins and his team have done an enormous amount of interesting work to determine whether a good company can be come a great company, and how. The answer to the former question is "yes," assuming that the 11 of 1435 Fortune 500 companies did not make it there by accident. The answer to the latter is less clear. The study group identified a number of characteristics that their 11 companies had in common, which were much less frequently present in comparison companies. However, the study inexplicably fails to look at these same characteristics to see how often they succeed in the general population of companies. If these characteristics work 100 percent of the time, you really have something. If they work 5 percent of the time, then not too much is proven.
How were the 11 study companies selected? The criteria take pages to explain in an appendix. Let me simplify by saying that their stock price growth had to be in a range from somewhat lower than to not much higher than the market averages for 15 years. Then, in the next 15 years the stocks had to soar versus the market averages and comparison companies while remaining independent. That's hard to do. The selected companies are Abbott Laboratories, Circuit City, Fannie Mae, Gillette, Kimberly-Clark, Kroger, Nucor, Philip Morris, Pitney Bowes, Walgreen, and Wells Fargo.
As to the "how," attention was focused on what happened before and during the transition from average performance to high performance. Interviews, quantitative analyses, and business press reports were studied. Clearly, there's a tendency to see things a little bit with 20-20 hindsight in such a situation. Since this study started in 1996, it was dealing with facts that were already quite old while they were being examined. Bias is likely.
The key conclusions as to "how" included the following:
(1) a series of CEOs (promoted from within) who combined "personal humility and professional will" focused on making a great company;
(2) an initial focus on eliminating weak people, adding top performing ones, and establishing a culture of top talent putting out extraordinary effort;
(3) then shifting attention to staring at and thinking unceasingly about the hardest facts about the company's situation;
(4) using facts to develop a simple concept that is iteratively reconsidered to focus action on improving performance;
(5) establishing and maintaining a corporate culture of discipline built around commitments, with freedom about how to meet those promises;
(6) using technology to accelerate progress when it fits the company's concept of what it wants to become; and
(7) the company builds momentum from consistent efforts behind its concept that are reinforced by success.
Then, a connection is made to how these 7 conditions can provide the foundation for establishing a Built to Last type of company that can outperform the competition over many decades.
One potential criticism of the study is that its conclusions could be dated. Former Stanford professor Collins argues that he has uncovered basic facts about human organizations that will be unchanging.
I compared the conclusions in this book with my own studies of top performing CEOs and companies in the 1988-2001 time period. I noticed two major differences that suggest a shift in "best practice" standards. First, those who outperform now have developed processes that create major improvements in their operating business models every 2-5 years. Second, senior management development is focused around improving a culture for defining and implementing such improvements. I suspect that item (4) above was an embryonic predecessor to these new dimensions, which occur much more frequently now than in this study.
Next, I compared the list of 7 items to what I had observed in companies. The biggest point that hit me is how few CEOs have been interested in creating long-term outperformance that lasts past their own tenure in an industry. You also have to be a CEO for a long time with that focus before you have a chance to make a lasting impact. Founders have a special advantage here. Perpetuating outperformance may help fill a psychological need for immortality that fits with founders especially well.
Finally, I thought about what I knew about the companies studied from personal contacts during the study years. My sense is that their stories are far more complex than is captured here. So, I think the data have probably been "scrunched" to fit together in some cases. In particular, I wonder whether these companies will greatly outperform in the next 15 years. In many cases, they expanded to meet an unfilled need that is now largely fulfilled. Can they develop a new concept for (4) that will carry them forward as successfully in the future? My guess is that most will not. If that turns out to be the case, we must conclude that the items on this list may be necessary . . . but may not be sufficient to go permanently from good to great. Time will tell.
Before closing, let me observe that if the research team had also looked at the rate by which their principles succeeded among companies that employed them, this would have been one of the very finest research studies on best practices that I have seen. A book like this will provoke much discussion and thought for years to come. Perhaps that information can be included in a future edition or printing. Then, we will have something magnificent to consider!
Do you want to be the best permanently? Why? Or, why not? Mr. Collins points out that it probably takes no more effort, but a lot more discipline and focus.
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The Corner Office: Indispensable and Unexpected Lessons from CEOs on How to Lead and Succeed Review

The Corner Office: Indispensable and Unexpected Lessons from CEOs on How to Lead and Succeed
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The Corner Office: Indispensable and Unexpected Lessons from CEOs on How to Lead and Succeed ReviewFirst, the author is a New York Times Sunday business columnist, and he knows what he is talking about. He compared different businesses and their CEOs. He wanted to find out why some people succeeded better than the others - was it the way they led or was there something else that made them differ from the others?
This book evaluates the persons based on their characters and personal attributes.
The author has interviewed and observed 75 CEOs and corporate executives, including companies like Aflac, Xerox, Continental Airlines, Cisco, Intercontinental Hotels, Timberland, and Yahoo.
You will learn a lot of how these examplary CEOs operate and evaluate their employees, and how their daily decisions affect the business and other employees.
But, it's not just the business decisions that are evaluated in the office but also the facial expressions and how you dress up...
A quote of the book:
"CEOs have learned firsthand what it takes to succeed and rise to the top of an organization. From the corner office, they can watch others attempt a similar climb, and notice the qualities that set people apart. As they evaluate talent, they learn to divine why one person is more likely to succeed than another. When they bring in talent from the outside, they watch as some new hires blend in better than others. Who succeeds? Who fails? Why? It's a feedback loop that expands with every additional person they manage, creating a kind of laboratory for studying the qualities that enable people to succeed."
The book is divided in 3 parts:
part 1: Succeeding
part 2: Managing
part 3: Leading
I ordered the kindle edition, and for some reason, my kindle version did not allow me to do any serches in this book. I was a bit disappointed that I had not put any bookmarks while I read it because afterwards it was hard to find some topics.
I found it interesting to read how the CEOs built teams and how they value different chracteristics.
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