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You searched for the string: "Take tough decisions" found 26 results
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LEADERSHIP: RECESSION BUT NO DEPRESSION
published: 2008-12-21
Times are tough - economically, but also psychologically. Calls to a national executive counselling service are up 25% year-on-year, according to a report I read today. And, training and development budgets are getting the chop. We're all under pressure: to maintain business performance, cut costs and hold our jobs. There’s no easy answer, but being smart beats being depressed.
LEADERSHIP: THERE'RE ALWAYS CONSEQUENCES
published: 2009-08-03
Come year end, how will you judge your own performance? And, that of your team members? Does everyone have clear and measurable goals? More importantly, are they taken seriously? And, if I fall short, are there real consequences?
LEADERSHIP: DELEGATE? OR JUST STOP IT
published: 2008-07-07
When did you last reprioritise your diary? But that's the easy part. When did you actually stop doing something? Dropped, finished, gone! That's the tough one.
LEADERSHIP: MAKING CHANGE POSSIBLE
published: 2008-07-14
It's lovely to sit and dream: imagining a better future. But, it takes energy to work out how this might be achieved; and, the real work begins when you have to start organising and implementing.
LEADERSHIP: THE SEEDS OF FAILURE
published: 2008-04-21
Think of big corporate disasters you've known or read about. What was the cause? Bad strategy, wrong business model, inefficiency, bad luck? Not in my experience. Most often, the core issue is flawed human beings - and, at the top.
LEADERSHIP: THE HEROES ON THE FRONTLINE
published: 2008-06-23
Talk to any soldier and they'll tell you it's frontline troops, not generals, who fight the battles. HQ may set direction and define key goals but it's platoon leaders and their troops, who go there. They're the ones, who reconnoitre, take territory, dig in and fight. Now, business isn't warfare. But, the metaphor has its place.
LEADERSHIP: THINKING IS OFTEN THE LEAST OF IT
published: 2008-03-10
"How Successful Leaders Think" is a classic HBR article: big-name leaders (yes, Jack Welch is there), a handful of anecdotes (passing for evidence), a strong metaphor (we can all understand) and a simple diagram. A revolutionary idea and leadership made easy. Except that the core "opposable" thinking (thesis/antithesis/synthesis) is as old as time, as is also the CEO’s unique integrative role across conflicting needs of individual business units, functions and market groups. But, above all, leadership is about much more than thinking.
LEADERSHIP: SHARP TOOLS FOR HARD TIMES
published: 2008-12-07
What's the leadership equivalent of reaching for your Swiss Army Knife, and selecting the right blade? It's creating a plan, and populating it with appropriate leadership actions. Actions relevant to current challenges, not old ones. Actions that convince people and build commitment. Things that work, giving traction in this tough new environment.
LEADERSHIP: WHAT'S YOUR PLAN?
published: 2009-02-23
High (often unreasonable) expectations await newly appointed presidents - whether taking the helm of a company or a country. For President Obama, this is multiplied manyfold. His personal story, and the dreams it creates for others, breaks hugely with the past. And, he steps up in the face of challenges of hurricane proportions. How will he go? Sadly, if his current economic and financial initiatives fail, the dreams of many may end almost before they're born. So, let's take stock of your leadership (of your team, project or business): how difficult are things going forward? And, what the hell are you doing about them?
LEADERSHIP: HAS GEITHNER GAGGED?
published: 2009-03-16
The US Treasury Secretary, Timothy Geithner, hasn't asked my advice. But, he looks as though he needs some. He's like a stalled driver on a railway crossing and the runaway financial express is already on top of him. His lack of resolve is worrying both Americans and investors across the world. Obama's land of "hope" and "yes, we can" is at risk of becoming a desert of "nope". Many CFOs (and their CEOs) face similar challenges - albeit smaller. So, how are you going? Perhaps this advice may be of help to you as well!
LEADERSHIP: AVENGING ANGELS OR GADARENE SWINE
published: 2009-03-30
Dramatic economic downturns inflict pain both widely and deeply. People lose their jobs, homes and self-worth. No wonder they join in seeking scapegoats. Tearing into Bernard (Ponzi) Madoff in America or Fred (the Shred) Goodwin in Europe deflects our own pain. But, as a leader, how much time do you spend reviewing your own responsibility for what you've experienced recently - for your own organisational and systemic failures?
LEADERSHIP: A QUICK COVER-UP
published: 2009-04-20
Warren Buffett famously quipped that it's not until the tide goes out you find who's been swimming naked. He was referring to financial risk-takers. But, he might as well be talking about leaders. With the tide rising, we all look fine. But with the lake sucked dry, we may be caught. So, as you stand in front of your team today, do they see you clad - or threadbare? Are there holes where it's better to be covered?
LEADERSHIP: FOR SURVIVAL AND BEYOND
published: 2009-07-13
Apart from the paramedics, surgeons and undertakers of the business world, the rest of us are struggling. Only bankruptcy specialists and their like are thriving. Sadly, I'm not one of them. So, I keep fighting; but, I also focus on life beyond the slump. Why? Because we can all learn something from people who've survived gulags and similar camps. The secret is not strength or youth, but vision of a different and better future. So, would your staff say you think beyond surviving the current quarter? And, even if they're impressed with your "fire-fighting", do they sense you're leading them somewhere worth going in the future? From recent discussions, here are some pointers I've heard for leaders to consider.
LEADERSHIP: HOW MUCH DIFFERENCE DOES IT MAKE?
published: 2009-07-27
We often speak of some part of our organisation running "like a well-oiled machine". But, we all know business lacks that precise and reliable machine-like character. It's organic, changeable and often unstable. Unlike an engine, it's not bolted to a chassis or floor. It floats in a larger organic pool of economic, competitive and regulatory influences. No wonder, therefore, people find it hard to measure (and justify) leadership investment. But, if you've found some good metrics or trustworthy business-performance stats., please let me know (timothy@vectorleadership.com). In the meantime, here are some arguments to consider.
LEADERSHIP: FOR BOTH NOW AND LATER
published: 2009-09-21
Bad times are tough for everyone. Fewer sales, lower margins, cancelled contracts - and, yes, lay-offs. We're each under pressure - trying to find new customers, offer extra service, get bills paid, cut costs. In sum, improving our effectiveness (in achieving goals) and our efficiency (in delivering them). Doing more and doing it better - but with less! This is true whether we're an engineer, front-line salesperson or work in the canteen. But, it's doubly true for leaders. You have to inspire and motivate people more than ever. You've got to be a leader for today and tomorrow - not yesterday. Which are you? Here's how you can find out.
LEADERSHIP: DITHERING IS DANGEROUS
published: 2009-11-30
Barack Obama is doing it tough. Few US presidents have faced so many parallel challenges. At home, the GFC has continuing work-out issues and healthcare remains unresolved. Offshore, there's Afghanistan, Copenhagen, Iran, China, Russia and Israel - and they're just the big ones. Sadly, there's rising concern about his capacity to decide and act with courage on a number of these. This is not just from rabid Republicans but also fair-minded commentators at home and abroad. While you and I face tiny leadership challenges by comparison, how would people say you're doing? Here are some thoughts to guide your thinking - and actions!
LEADERSHIP: DEMONSTRATE SUCCESS NOT HUMILITY
published: 2010-02-08
When someone commented to Winston Churchill that Clement Atlee was a modest man, he famously replied that Atlee had "much to be modest about." I suspect Churchill (in contrast to gurus like Jim Collins) would find the current fashion for bland CEOs unacceptable. Collins says the best are "humble, self-effacing, diligent and resolute souls." Diligent and resolute sound good to me and my four decades of business involvement say they're needed characteristics. But, humble and self-effacing contradict my experience. Some CEOs cultivate quietness and consultation but that's not the same as being humble or self-effacing. So, what kind of CEO are you; and, is it working? Here are some things to ponder.
LEADERSHIP: TRUST ME, TRUST ME NOT
published: 2010-02-15
In his first year as Prime Minister of Australia, Kevin Rudd enjoyed unusually high poll ratings. He represented a change of both priorities and approach that many voters welcomed. That was 2007. But now in 2010, a survey of five capital-city talk-back hosts* gives us the following quotes. He "talks about taking tough decisions, but I don't think our audience necessarily buys that he's made any tough decisions." "They see his language as contrived, his personality as plastic and they don't think he's got a sense of humour." They "can't understand what he's on about." Assuming you're past the honeymoon phase of your current leadership role, what are people saying about you? What do they want you to do differently? Here are six actions I've read that journalists or other commentators have suggested for Kevin Rudd in recent months.
LEADERSHIP: YOUR KEY TO ORGANISATIONAL AGILITY
published: 2010-02-22
What would you give to achieve higher revenues, more satisfied customers and employees, improved operational efficiency and a faster time to market? That's what Donald Sull of McKinsey & Company offers if you achieve organisational agility. He defines it as identifying and capturing opportunities more quickly than your rivals. He quotes the heightened volatility of recent decades - and the acceleration during the GFC. But, what does this mean for you as a leader? Here are some thoughts.
LEADERSHIP: FROM MARS AND ALSO FROM VENUS
published: 2010-03-15
Discussing the percentage of women in senior roles is a quick way to start an argument. Some people, including some men, argue for gender equality – or a specific level of improvement. Others, including also women, argue that merit is all that counts. Less contentiously, as leaders, I believe we need both hard and soft skills – often categorised as male or female characteristics. IQ and EQ. Numeracy and literacy. Toughness and fairness. If you asked your colleagues, what would they say about your balance – and what might that mean? Here are some thought-starters.
LEADERSHIP: OLD LESSONS, NEW SETTINGS
published: 2010-04-12
I wrote recently about the Roman statesman, Cicero, highlighting his focus on principles, communication, courage and succession*. I've reflected further and identified five leadership lessons from the political world in which he lived (106-43 BC). The first resonates strongly with more recent events in the Iraq. Importantly, each has implications for business leadership today. So, if I interviewed your peers and staff, how would they rate you on each of the lessons? High, medium or low? What do you need to do to improve on each one?
LEADERSHIP: THE LUSTIGER LEGACY
published: 2008-01-07
We all have something to learn from Cardinal Lustiger: above all, his courage. Courage to do what he believed in; and, to do it in a way he thought useful to the world. And, I’m not talking about action in some back corner or on insignificant issues. He was born a Jew and never rejected this. He converted to Catholicism as act of faith, but also as a continuation of his Jewish beliefs. Not everyone agreed. But, he set an example for us all as leaders.
LEADERSHIP: INVESTING AND RESOURCING WISELY
published: 2008-01-21
“Most of business is about placing bets – allocating resources – and making them pay off.” So begins the McKinsey report of its 2007 global survey on resource allocation. But, the good news is balanced by bad. Taking account of sound financial criteria, proven business performance and potential for value creation are reported as leading to good investment outcomes. However, excessive optimism, risk aversion and behind-the-scenes lobbying can darken the picture. Real life is truly real – and at times grubby.
LEADERSHIP: TESTING YOUR GUT INSTINCTS
published: 2010-07-05
What do these four statements have in common: I always exclude my own interests from business decisions; I exercise a strong sense of objectivity; I’ve learnt to proceed slowly and not rush decisions; unsurprisingly, the record shows I make good ones? The first link is lack of self-awareness – assuming I believe them. More importantly, as the authors of a recent article argue, there’s need for psychological checks to keep us honest – and out of trouble. Here’s how.
LEADERSHIP: THAT ONE KEY LESSON
published: 2010-07-07
How do you rate yourself on the following five actions? Showing self-awareness?. Demonstrating authenticity, integrity and compassion? Understanding and engaging people as individuals? Showing self-leadership and adaptability? Communicating, particularly listening well – and widely? These are my phrases but, taken together, they encapsulate nearly 80% of the responses to a recent online survey that asked “if you could teach one thing to a young leader, what would it be?” From my decades of working with leaders (and being one), I can’t fault any of these suggestions. Even though, at times and to my cost, I’ve ignored some! But, notwithstanding their importance, they’re less than the full picture. Let me explain why – and suggest what else might be needed.
LEADERSHIP: HOW’S YOUR KNOWLEDGE AND COURAGE?
published: 2010-08-30
What do lobsters, scorpions and bees have in common? Yes, a capacity to inflict a nasty bite. But they also all lack a spine. An exoskeleton (the lobster’s hard shell) is all that holds their bodies together. There’s no internal bone structure. Some leaders are like this. Outer toughness and a nasty bite: the cutting remark or petulant decision. But little inner structure or resolve that makes for true leadership that will deliver results and build respect. What would people say about you: outer show or inner strength? Here are some action options.