In Greek mythology, Hydra, an ancient water-serpent had many heads. If one head was cut off, two rapidly grew in its place before another head could be cut off — an energy-sapping disappointment for any opponent trying to overcome it. Regenerative speed made the Hydra formidable. Even Hercules, the legendary Greco-Roman hero, needed his nephew's assistance to win. To sustain a competitive edge, your company's new business development engines must similarly fire on all cylinders at supersonic speed.
As a CEO or a leader of a business, how do you build this competency? Measure, motivate and model.
Control is a mirage. The most effective leaders right now--men and women--are those who embrace traits once considered feminine: Empathy. Vulnerability. Humility. Inclusiveness. Generosity. Balance. Patience.
Climbing the organizational ladder often requires employees to work long hours and deal with difficult and complex issues. Some days on the job are likely fun and positive and other days are tension-filled and stressful. A common dilemma for many people is how they manage all of the competing demands in work and life and avoid letting any negative effects of work spill over into their personal lives.
With the retirement of Sir Alex Ferguson, David Moyes has been handed the responsibility of continuing Ferguson's legacy. The question on every football fan's mind is how David Moyes will cope with the pressure and the task ahead.
Cadbury no longer claims, as it did 100 years ago, that munching chocolate is conducive to our wellbeing. But, despite the Kraft takeover and the severing of links with its founding family, its present practices as well as its history make it a deserved winner of our all-time accolade. And here are just a few reasons why:
With downsizing of operational staff and fluctuating demand, operations managers have had to improve profitability by pursuing operational excellence (OpEx) strategies. However, a lack of awareness of the pitfalls that can hinder the process have resulted in lackluster results. If operations management keep a few factors in mind, they likely will see better results in their upcoming efforts than historical results would predict.
It may seem fairly obvious but as companies grow they appear to follow a corporate life cycle including Creation, Growth, Maturity, Turnaround and Decline. [Kimberley, J. R., Miles, R. 1980., and associates The Organisational Lifecycle: Issues in the Creation, Transformation, and Decline of Organisations. San Francisco: Jossey-Bass.]