Greetings!
This month Inspiring Ideas launches an all-new format and design by taking a closer look at the issue of leadership. With a new president in the White House and much of the world looking for guidance in the midst of today’s economic troubles, it’s a subject which is as timely as it has ever been. We have tips from Ram Charan on how business leaders should be adapting their strategies in the current climate, Bill George discussing 21st century leadership, Marcus Buckingham on how to assess your leadership potential, insights from the CEO of retail giant Tesco – Sir Terry Leahy and an exclusive Q&A with bestselling author and iconic CEO Larry Bossidy. We hope you enjoy this issue of Inspiring Ideas, and please feel free to send us your thoughts and comments including what you think about our new newsletter design.
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Tips from the Top
What should leaders be doing in these turbulent times? Highly sought after business advisor, Ram Charan, has released a timely new book that aims to give some answers - Leadership in the Era of Economic Uncertainty: The New Rules for Getting the Right Things Done in Difficult Times
[Read +] |
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Million Dollar Tales Rolls Royce
In 1904 Henry Royce built his first automobile. Two years later he met Charles Rolls, a car salesman in London, and together they formed what would become one of the world’s best known and most enduring automotive companies. [Read +] |
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After Office
Sir Terry Leahy is the CEO of supermarket giant Tesco. Currently the world’s second largest retailer, Leahy has overseen Tesco’s spectacular growth over the past 10 years. What are the lessons to be learned from this incredible success story? At the World Business Forum, Leahy revealed all. Read this exclusive summary of what he had to say. [Read +] |
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| MULTIMEDIA TOOLBOX |
 VIDEO Bill George is the former CEO of Medtronic, a Harvard Business School professor and one of today’s most influential voices on leadership. Speaking at last year’s World Business Forum, George explained the characteristics of successful 21st century leaders. [watch video] |
 AUDIO n a recent interview with HSM, Marcus Buckingham revisits the question of what defines successful leaders and managers and how you should assess your own personal managerial and leadership skills. [listen audio] |
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| HSM NEWS |
| Larry Bossidy On Execution During Challenging Times |
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Susan Copperman: Define “execution.”
Larry Bossidy: Execution is a discipline of initiating and then sustaining a process for actually getting things done. Companies should have specific goals and objectives for which all are accountable.
For example, if you’re going to increase sales, you’re going to increase sales by 10-percent. Or if you’re going to reduce costs, you’re going to reduce costs by 5-percent. In other words, there’s a specific goal to which people are held accountable and subsequently awarded based on what is accomplished. Rewards can be monetary compensation, as well as promotions and other forms of recognition.
As the concept of execution cascades down from the office of the CEO, a reality based framework is put in place around the business. Employees compare themselves to those with whom they compete, and with that perspective, they are driven to do more. Effective execution is a unique characteristic that has served businesses well over time.
Susan Copperman: “How does execution differ in challenging and uncertain economic times versus in boom times?
For Larry's response and the rest of the interview, please click here |
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| RECOMMENDED READING |
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Ten Rules for Strategic Innovators: From Idea to Execution
By:Vijay Govindarajan & Chris Trimble |
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“Practical ideas, insights, and activities designed to grow great leaders at all levels in organizations "
Financial Times |
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