With the dominant, almost overwhelming impact that social media has on just about any function of a business, it’s easy to forget that social media is barely a decade old. The vast majority of today’s leaders built most of their careers before anyone had even conceived of Facebook or Twitter. As a result, leaders must […]
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Companies that regularly evaluate the performance of business units, acquire and divest assets, and adjust resource allocations based on each division’s relative market opportunities have a significant edge over those that do not; according to Stephan Hall, Dan Lovallo and Reiner Musters, they will be worth an average of 40% more after 15 years. In […]
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Leaders can have a ripple effect through their company, particularly those in the C-suite; their actions reverberate throughout the organization, with followers sometimes even mimicking them. The CEO of BAE Systems learnt this quickly as she noticed a dozen women in her office imitated the way she tied her scarf after her first day on […]
Are the gains of centralization (i.e. combining business activities) worth the pain it can cause? This is the dilemma, or the “tug of war” between centralization and decentralization faced by many CEOs. On the one hand, badly-judged centralization can stifle initiative, constrain the ability to tailor products and services locally, and burden business divisions with […]
Most companies now understand the importance of corporate social responsibility (CSR) and recognize it as a tool to strengthen their businesses while contributing to society at the same time. The challenge they now face is how to deliver CSR strategies and create real value. This Idea offers suggestions to help executives move towards policies that […]
Do managers at all levels routinely – and unwittingly – undermine the meaningfulness of work for their direct subordinates through everyday words and actions? Of all the events that can deeply engage people in their jobs, the single most important is making progress in meaningful work. Yet actions such as dismissing the importance of subordinates’ […]
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