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Specific Responsibilities and Expertise
Requirements
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. By
its nature, corporate leadership involves a complex set of issues that
demands a certain cross-unit expertise, which seldom is achieved through
management experience at the business-unit level. You must search for
synergies and explore achievements
that are possible at the corporate level through cross-unit activity and the
development of entirely new growth opportunities.
Selecting a New Corporate Leader: 3
Questions to Answer
Lessons from Peter Drucker
Leadership is not rank, it is
responsibility. It is the lifting of a
subordinate’s vision to higher sights –
the raising of a subordinate’s performance to a higher
standard. It is the
building of a subordinate’s personality beyond its normal
limitations. A leader must set strict principles
of conduct and responsibility, high standards of performance,
and respect for the individual and his work...
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Leadership-Management Synergy
To maximize your long-term success you should
strive to be both a manager and a
leader and to
synergize their functions.
Merely
possessing management skills is no longer sufficient for success as
an executive in
today's business world. You need to understand the differences between
managing and leading and know how to integrate the two roles to achieve
organizational success...
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6 Attributes of Successful CEOs
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Creating, Communicating and Executing a Clear Vision,
Goals and
Strategy. 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...
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Balanced Organization: 5 Basic Elements
Leadership
(Fire):
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
...
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6Ws of Corporate Growth
To achieve
sustainable corporate growth, you and your people should live the
principles of 6Ws of corporate 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...
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The Tao of Business Success
The Tao helps you achieve much more with much
less effort. This effortless skill comes from being in accord with reality.
You can't tell the singer from the song.
You can't tell the dancer from the
dance. When you are in harmony with the Tao, when you go with its current
of energy, your innate intelligence takes over, and the right action happens
by itself.
The Tao teaches you the art of living and doing
business. 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, to the
governing of a nation or the leading a small team, to
your personal development
or to the coaching of others...
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Building 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...
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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...
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Enterprise Strategy
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...
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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...
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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...
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Leadership and Management
A Leader's Mood
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...
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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...
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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...
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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.
29 Obstacles To Innovation
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
creative problem solving and for turning
ideas into realities.
Companies that continuously innovate will create and
re-invent new markets, products, services, and
business models
– which leads
to
more growth. Innovation is founded on your enterprise's ability to
recognize market opportunities, your internal
capabilities to respond innovatively, and your
knowledge base...
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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...
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How To Lead Creative People
By: Max DePree
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Innovation is the lifeblood of an organization. Knowing
how to lead and work with creative people requires
knowledge and action that often goes against the typical
organizational structure. Protect unusual people from bureaucracy
and legalism typical of organizations...
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Google: 10 Golden Rules
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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...
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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."...
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What Should You Do To Be an Inspirational
Leader?
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...
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The 8 Stage Change Management Process
Defrost a hardened
status quo:
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Establish a sense of urgency
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Create the guiding coalition...
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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...
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Business Architect
Business
architect is a person that initiates
new business ventures or leads
business innovation, designs a
winning business model, and builds a
sustainable balanced business
system for a lasting success. In today's knowledge- and
innovation-driven complex economy, business architects are in growing
demand. They are
cross-functionally excellent people who can tie several silos of
business development expertise together, create
synergies, design winning
business model and a
balanced business system and
then lead people who will
put their plans into action...
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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...
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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...
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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...
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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...
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Business BLISS
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