Tuesday, December 17, 2013

Play the game of business

Wrestle with the business challenges                                                                                   12/17/13
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One of my friends said, after sensing my excitement with Jack Welch leadership principles, "perhaps you are doing hero worship". I think it goes far beyond that for me. I see Jack as an inspiring phenomenon, one of those rare people who clearly stand out of the pack and make me think deeper and with greater clarity.

Jack's extraordinary passion for business is something that must be seen to be believed. He is constantly encouraging us - his students, to become better at grappling with current business challenges every day.

Here is what I learned from Jack Welch at JWMI today.

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Stay current in learning - Read and Live the Wall Street Journal
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Read WSJ editorials as a learning experience.
Be aware of what companies are doing to each other.
Does it work or not ? => If you do that, you will constantly upgrade your skill base.

Marry the core principles learned in course work with fresh ideas.

Watch and learn from the CEOs from different companies.
See Leadership from different angles.

What can you learn from them ?
This is as valuable as the coursework.

What can you grab from WSJ's current insights ?

Put yourself in their situations - what would you do in this case?
Do you buy into it ?

Should Verizon have bought Vodafone and put $80B of new debt on the company?
Wrestle with these problems.

Grab life - business life - by the collar and wring out every bit of information from it - it is such fun.
Play the game of business.

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For me, this is truly a brush with greatness
Dr DP

Monday, December 9, 2013

Best Leaders are Self Aware, Lousy ones are not

Self Awareness differentiates the best leaders from also rans, 12/9/13
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It is about 3 months since graduation from JWMI. One of the greatest things about Jack Welch's MBA program is the opportunity to continue learning about leadership even after graduation.

Here are some fantastic insights from Jack & Suzy Welch I picked up today.

Lousy Leadership lacks Self Awareness

1. Blowhards
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Behavior: in-your-face, know-it-all, does not listen, deaf to ideas, bad personality
Impact: New ideas do not get heard, debated, expanded, improved; every voice not heard; deadly silence created; Dangerous

2. Too Remote
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Behavior: Not engaged with team; emotionally distant; delegates messy/sweaty people stuff
Impact: No passion; They cannot inspire; no followers; Dangerous

3. Jerks
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Behavior: Nasty, Bullying, Insensitive, Abusive, Disrespectful, Finger-pointing, may deliver numbers
Impact: Does not win people's trust; Dangerous when protected from above

4. Too Nice
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Behavior: Says Yes to everyone; No edge - no capacity to make hard decisions; Scared - CYA
Impact: Confusing messages; hard decisions don't get made

5. No guts to differentiate
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Behavior: Does not deliver candid, rigorous performance reviews; Sprinkles resources on weak businesses or dubious investment proposals
Impact: Star performers & Laggards given similar rewards;
People do not have an opportunity to grow, succeed and build a thriving enterprise
Promising growth opportunities do not get outsized infusions of cash & people they need;
Most Destructive to people

Reference
Welch & Welch, (2009). "Five Bosses You Don't Want (Or Want to Be)"
http://www.linkedin.com/today/post/article/20131209210429-86541065-four-bosses-you-don-t-want-or-want-to-be?trk=nus-cha-roll-art-title