MANAGING in the

NEW WORLD

The bets of CEOs are those who emerge during crisis situations. A perfect example of this is Bob Dudley who took over the reigns of British Petroleum (BP) post the oil-spill on the Gulf of Mexico. A crises CEO is one who is well-prepared and accepts where flaws exist within the system. Such leaders are very good at identifying risks and mitigating them. They are very good at talent management as they focus on people first. They are level-headed most of the times. Management systems and people hierarchies are kept agile at places where these leaders rule. These CEOs are very good at collaboration and teamwork. Though they bear the brunt of the responsibility, they are not afraid to take due advice from team members.

https://knowledge.insead.edu/leadership-organisations/the-best-ceos-are-ready-for-crises-9241

Uploaded Date:14 June 2018

Corporate transformation is on top of the agenda at most organizations these days. Several are grappling with the pace of digital change. That is why an MIT Sloan study on change management unearthed a few key techniques which the top change leaders must make use of. The first thing they must ensure is clarity from the top. The corporate strategy must be clear and geared towards the requisite change. A charismatic leader will stimulate heaps of energy on the entire team. A sense of trust must be built in across the organization. Most importantly, this ensures that that employees do not become insecure about their future employment or growth. One needs to start with immediate wins, even if small. This will inculcate a positive head-start. But this quick gain, must not immunize one against the future success. That will be tougher, but plans need to be afoot from the beginning. Customers, shareholders and employees all need to be taken care of easily.

Source:http://mitsloan.mit.edu/newsroom/articles/how-to-be-a-game-changing-leader/?utm_source=mitsloantwitter&utm_medium=social&utm_campaign=gamechanging

Uploaded Date:13 June 2018

Leaders are supposed to take hard, cold decisions during tough times, yet many withhold from doing so. This is because they are afraid to upset the apple-cart. Their desire to maintain a high status among their followers, results in key decisions not being made. This is especially true for newly-minted leaders. One of the most common justifications given for this decision-making avoidance is that they choose to be considerate towards all to improve morale. Another is their commitment to quality and accuracy. This implies that they do not go by the usual perceptions, but only take tough calls only when proved through data-backed business analytics. Another is their desire to be perceived as fair. This behavior does not bode well for the leader’s talent management abilities. In failing to recognize the extra efforts of the successful ones, one does not tap into their motivation levels. In addition, when the under-performers are not chided, these people do not realize where they may be going wrong. True leaders must not fear about any purchased reputation as it is merely an unspoken contract of mutual manipulation.

Source:https://hbr.org/2018/04/leaders-stop-avoiding-hard-decisions?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert&referral=00563&deliveryName=DM4120

Uploaded Date:07 June 2018

Abraham Lincoln remains one of the most inspirational figures in the USA. Therefore, even the Harvard Business School prepared a short film to commemorate Lincoln’s exemplary leadership skills. The CEO of P&G once made an astute remark about Lincoln that hit the mark. He spoke about three main qualities that Lincoln had. Firstly, Lincoln’s individual strengths and weaknesses would magnify over the experiences he acquired in his lifetime. Secondly, such a leader knows when there is a demand for a particular brand of leadership that Lincoln exemplified. He was also someone who would getinto the act when the situation demanded. Lincoln was discerning enough from a young age to distinguish between things that would be valuable and those not. He faced a lot of disappointments, early on which strengthened his resolve for success later on. For his triumph and tragedy arise side-by-side. While he did become the President, a massive challenge for his was the secession of the southern states that led to the start of the US Civil War. He stuck by his beliefs to fight against Afro-American slavery. Lincoln had an exemplary nous for talent management as he got the best out of people in his cabinet and senior military figures. There were times during the war when Lincoln felt loneliness creep in, especially when men on either side died. But the bigger picture kept driving him on. After the triumph at Gettysburg, Lincoln knew the end wasn’t far away. He steered the US ship through to final societal transformation through his sheer will power.

Source:https://www.mckinsey.com/featured-insights/leadership/the-leadership-journey-of-abraham-lincoln?cid=other-soc-twi-mip-mck-oth-1806&kui=Seet-VYFsgOPEdVETHjCmA

Uploaded Date:05 June 2018

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