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Leader as Communicator
The twenty-first century poses new challenges for businesses, especially when it comes to velocity (the speed of now). This book looks at the intersections of leadership and velocity and offers key leadership competencies essential for our time; these competencies might be even more timely due to the COVID-19 pandemic and the need for effective leadership at all levels. There is a vital need for these competencies, but there are also contrasts in practice, leaders who are rising to the occasion and those whose lacking is clearly notable. Ten competencies are outlined throughout the text that can serve as a foundation for effective leadership. They are based on personal experiences, interviews with various leaders, and research. Written for managers and business leaders of all kinds, this book will help individuals and businesses establish their leadership brand and enhance their leadership practices. Chapter 3 explores the importance of effective communication. Collecting, providing, and transmitting information are a few keys to being an effective communicator of substantive material. Traits of effective and trustworthy communicators are discussed, including honesty, projecting confidence, and active listening. Communication is a two-way conversation, and listening is just as, if not more, important than talking. Other areas of communication are also discussed, such as nonverbal cues and contextual awareness. Apologizing and admitting leadership mistakes is essential for trust even though most leaders are hesitant to admit where they were wrong. E-communication is looked at briefly. Concrete ideas on how to act to be a leader as communicator are also given and explained, including speaking briefly and effectively, ensuring understanding, and asking questions. -
Leader as Exemplar
The twenty-first century poses new challenges for businesses, especially when it comes to velocity (the speed of now). This book looks at the intersections of leadership and velocity and offers key leadership competencies essential for our time; these competencies might be even more timely due to the COVID-19 pandemic and the need for effective leadership at all levels. There is a vital need for these competencies, but there are also contrasts in practice, leaders who are rising to the occasion and those whose lacking is clearly notable. Ten competencies are outlined throughout the text that can serve as a foundation for effective leadership. They are based on personal experiences, interviews with various leaders, and research. Written for managers and business leaders of all kinds, this book will help individuals and businesses establish their leadership brand and enhance their leadership practices. Chapter 4 discusses the importance of leading by example, which allows for better understanding of expectations, congruency with core values, and higher levels of trust. A leader's example must be consistent; specific benefits of consistency are outlined, such as creating personal responsibility. Exemplars know that their example affects how members of the company view and respect one another and their stakeholders. It also encourages leadership skill development in the everyday routine. Leaders as exemplars should remember that no one is infallible and that owning their mistakes and showing their humanity is essential; they also need to be able to receive critical feedback, which can create a learning culture at all levels of the business. Leaders also need to regularly self-assess to ensure their example is as intended and is positively influencing their followers. Leaders should also make their values clear through their actions, such as committing to social justice initiatives and assessing organizational programs like rewards systems to ensure ethical behavior. -
Leader as Inclusionist
The twenty-first century poses new challenges for businesses, especially when it comes to velocity (the speed of now). This book looks at the intersections of leadership and velocity and offers key leadership competencies essential for our time; these competencies might be even more timely due to the COVID-19 pandemic and the need for effective leadership at all levels. There is a vital need for these competencies but there are also contrasts in practice, leaders who are rising to the occasion and those whose lacking is clearly notable. Ten competencies are outlined throughout the text that can serve as a foundation for effective leadership. They are based on personal experiences, interviews with various leaders, and research. Written for managers and business leaders of all kinds, this book will help individuals and businesses establish their leadership brand and enhance their leadership practices. This chapter looks at how leaders can be inclusionists, embracing diversity and promoting conscious inclusion and equity in an organization. Policies and practices should be created so all social identities can thrive; they should also be regularly assessed to ensure bias has not seeped into the business, which inhibits diversity and inclusion. This chapter looks at various benefits of diversity and how to maximize those through inclusive leadership. Some benefits include higher innovation, better decision making, increased profits, and reduced employee turnover. Six specific characteristics of inclusionist leaders are described, including being committed, curious, and culturally intelligent. An inclusionist leader should also be an exemplar and should cultivate a welcoming environment that respects differences and helps the team see the value in them. How to develop cultural competency is also discussed. Examples of ways leaders are engaging in inclusive practices during the COVID-19 pandemic are outlined and other tools for inclusive leadership development are given. -
Leader as Ambassador
The twenty-first century poses new challenges for businesses, especially when it comes to velocity (the speed of now). This book looks at the intersections of leadership and velocity and offers key leadership competencies essential for our time; these competencies might be even more timely due to the COVID-19 pandemic and the need for effective leadership at all levels. There is a vital need for these competencies, but there are also contrasts in practice, leaders who are rising to the occasion and those whose lacking is clearly notable. Ten competencies are outlined throughout the text that can serve as a foundation for effective leadership. They are based on personal experiences, interviews with various leaders, and research. Written for managers and business leaders of all kinds, this book will help individuals and businesses establish their leadership brand and enhance their leadership practices. Chapter 6 discusses the growing responsibility of leaders-leaders in the business as well as employees-to represent the organization. These leaders are able to create, practice, and preach the company's vision through their actions. They must represent the right image of the brand in all they do and how they communicate; they also need to live the organization's values in a public and private manner. Proactive ambassadorship is vital. This is increasing in importance due to the rise of social media and today's pace of life in the workplace. Various attributes are described that are needed to be an effective leader as ambassador, including being passionate, knowledgeable, authentic, and confident. Examples of how a leader as ambassador can directly create positive outcomes are also given. Brand ambassadorship programs are another option to reach more customers in a specific location. Ideas on how a leader can develop the competency of being an ambassador are also described. -
Leader as Change Agent
The twenty-first century poses new challenges for businesses, especially when it comes to velocity (the speed of now). This book looks at the intersections of leadership and velocity and offers key leadership competencies essential for our time; these competencies might be even more timely due to the COVID-19 pandemic and the need for effective leadership at all levels. There is a vital need for these competencies, but there are also contrasts in practice, leaders who are rising to the occasion and those whose lacking is clearly notable. Ten competencies are outlined throughout the text that can serve as a foundation for effective leadership. They are based on personal experiences, interviews with various leaders, and research. Written for managers and business leaders of all kinds, this book will help individuals and businesses establish their leadership brand and enhance their leadership practices. Chapter 7 explores how the leader can be a catalyst for change. Leaders inspire others and convince them change is needed, then lead the execution of those changes; however, continuous change can increase employee stress. Effectively leading change means following best practices from creating the change vision, communicating effectively, mitigating risk, and controlling the by-products, such as employee stress. This chapter looks at what drives change and how change looks at a practical level. How to be an effective change agent is also discussed; essential traits of change agents are outlined, including optimism, resilience, and empathy. Being adaptive and flexible is also essential to being an effective change agent. Several best practices for leading change are explored. The "three Cs" for effective change leadership are also introduced: communication, collaboration, and commitment. Beyond these three Cs, this chapter offers a new change framework, "C6." These six Cs include communication, collaboration, confidence, cohesion, climate, and conversion. -
Leader as Connector
The twenty-first century poses new challenges for businesses, especially when it comes to velocity (the speed of now). This book looks at the intersections of leadership and velocity and offers key leadership competencies essential for our time; these competencies might be even more timely due to the COVID-19 pandemic and the need for effective leadership at all levels. There is a vital need for these competencies, but there are also contrasts in practice, leaders who are rising to the occasion and those whose lacking is clearly notable. Ten competencies are outlined throughout the text that can serve as a foundation for effective leadership. They are based on personal experiences, interviews with various leaders, and research. Written for managers and business leaders of all kinds, this book will help individuals and businesses establish their leadership brand and enhance their leadership practices. Chapter 8 looks at the importance of leaders being able to connect with people and build relationships that can help achieve an organization's vision. They network with others and foster a collaborative environment. Being able to network effectively is vital and will contribute to the entire team's success. This chapter explores the importance and history of networking as well as how leaders can be successful in this with the overwhelming velocity the world is in today. Individual connection, team connection, and organizational connection are all discussed. Leaders need to keep three main elements in mind when connecting their organization: vision, value, and voice. Each of these and their role in building bridges are briefly described. Leaders as connectors need to have humility and ensure psychological safety in the workplace; everyone should feel a sense of belonging and that their contributions are valued and utilized. -
Leader as Talent Manager
The twenty-first century poses new challenges for businesses, especially when it comes to velocity (the speed of now). This book looks at the intersections of leadership and velocity and offers key leadership competencies essential for our time; these competencies might be even more timely due to the COVID-19 pandemic and the need for effective leadership at all levels. There is a vital need for these competencies, but there are also contrasts in practice, leaders who are rising to the occasion and those whose lacking is clearly notable. Ten competencies are outlined throughout the text that can serve as a foundation for effective leadership. They are based on personal experiences, interviews with various leaders, and research. Written for managers and business leaders of all kinds, this book will help individuals and businesses establish their leadership brand and enhance their leadership practices. Chapter 9 discusses the need for leaders to be participants in securing, retaining, and developing talent. To be a leader as talent manager, three skill sets are needed: developing an ability to identify talent needs and establishing a process to secure that talent, being involved in the development and implementation of retention policies and practices, and being invested in employee professional growth. The labor force is getting more and more competitive, resulting in higher competition in talent recruitment. Two forms of talent recruitment are described: internal and outsourcing recruitment. Ideas for retention efforts are explored, including analyzing benefits and giving the option of telecommuting. Key actions of being a leader as talent manager are discussed, including having an active role in recruitment, having a talent-centric mindset, and transforming the organization's culture. Succession planning and internal pipeline growth are also essential. -
Leader as Coach and Mentor
The twenty-first century poses new challenges for businesses, especially when it comes to velocity (the speed of now). This book looks at the intersections of leadership and velocity and offers key leadership competencies essential for our time; these competencies might be even more timely due to the COVID-19 pandemic and the need for effective leadership at all levels. There is a vital need for these competencies, but there are also contrasts in practice, leaders who are rising to the occasion and those whose lacking is clearly notable. Ten competencies are outlined throughout the text that can serve as a foundation for effective leadership. They are based on personal experiences, interviews with various leaders, and research. Written for managers and business leaders of all kinds, this book will help individuals and businesses establish their leadership brand and enhance their leadership practices. This chapter looks at a leader's responsibility to help others reach their full potential, making the role of leader as coach and mentor vital. A coach and a mentor are two sides of the same coin; a coach knows when to motivate and how to instruct, while a mentor is more of a guide. Differences and similarities between the two are described. Leaders need to be able to transition between coach and mentor roles depending on the specific situation. The GROW model for mentoring and various approaches to mentoring are outlined. Attributes and actions of good and bad mentors are discussed. This chapter also offers ideas on how to develop this competency of being a coach, including asking instead of telling and being empathetic. Benefits of effective coaching and mentoring are briefly explored, including positive impacts on productivity and retention. -
Leader as Producer
The twenty-first century poses new challenges for businesses, especially when it comes to velocity (the speed of now). This book looks at the intersections of leadership and velocity and offers key leadership competencies essential for our time; these competencies might be even more timely due to the COVID-19 pandemic and the need for effective leadership at all levels. There is a vital need for these competencies, but there are also contrasts in practice, leaders who are rising to the occasion and those whose lacking is clearly notable. Ten competencies are outlined throughout the text that can serve as a foundation for effective leadership. They are based on personal experiences, interviews with various leaders, and research. Written for managers and business leaders of all kinds, this book will help individuals and businesses establish their leadership brand and enhance their leadership practices. Chapter 11 discusses leaders as producers, those who execute on goals and objectives, drive results, and use feedback and experience to inform decisions. They need to not only create a compelling vision and strategy but also deliver the expected outcomes. Qualities of an effective leader as producer are described, such as efficiency, resourcefulness, and the ability to solve problems. Other areas in order to be a good producer are explored, including being a responsible leader, managing and delegating effectively, and analyzing critical data and information. This chapter also looks at how a leader can develop this competency of also being a producer, including how to execute on goals and objectives and how to drive tangible outcomes. A discussion of various actions a leader as producer can take is also offered. Anyone at any level of an organization can be a leader as producer. -
Bringing It All Together
The twenty-first century poses new challenges for businesses, especially when it comes to velocity (the speed of now). This book looks at the intersections of leadership and velocity and offers key leadership competencies essential for our time; these competencies might be even more timely due to the COVID-19 pandemic and the need for effective leadership at all levels. There is a vital need for these competencies, but there are also contrasts in practice, leaders who are rising to the occasion and those whose lacking is clearly notable. Ten competencies are outlined throughout the text that can serve as a foundation for effective leadership. They are based on personal experiences, interviews with various leaders, and research. Written for managers and business leaders of all kinds, this book will help individuals and businesses establish their leadership brand and enhance their leadership practices. Chapter 12 offers a summary of how leadership has changed in recent years. The ten competencies outlined throughout the book are suggestions on how to effectively lead in these fast-paced times when everything seems to be out in the open. Leaders need to be effective communicators, embrace differences, produce results, create processes for sustainable success, and participate in recruiting and retaining talent. The best leaders are humble enough to accurately self-assess. They confront their own competencies, seek feedback, delegate, and empower those around them. Ultimately, leaders should be life-long learners and continuously challenge their leadership assumptions, practices, and behaviors. -
Birla Cellulose: Spearheading Sustainable Fashion
Birla Cellulose, a part of India's large conglomerate Aditya Birla Group, manufactured viscose fibre, which came from wood and was naturally sustainable. In 2017, the Changing Markets Foundation (CMF) brought out a report titled Dirty Fashion, which described the environmental damage caused by manufacturing practices used in viscose fibre production. The report detailed impacts on the environment, bodies of water, and communities around viscose manufacturing plants. Birla Cellulose responded to the report by collaborating with CMF and making significant changes to its manufacturing processes to comply with the highest standards around the globe. It ensured that its raw materials were responsibly sourced and that its products were responsibly manufactured and then properly handled at the end of their lives. The company was proud of its achievements. At the same time, it recognized that it needed to do more. In late 2019, the company's business director wondered how to make the company even more sustainable. What level of investment would be required? How could it adapt to changing consumer preferences and still retain the benefits it had recently gained? -
Concorde 2.0: Reinventing Supersonic Technology
The Concorde, a British-French supersonic jet, captured the hearts and minds of aviators, business professionals, and celebrities around the world through its iconic design, superior features, and unique inflight experience. Despite its transcendent appeal, the jet became surrounded by controversy, catastrophe, an environmental movement, and changing consumer trends, all of which led to its grounding in 2003. In almost two decades, no aerospace program had been successful in recreating commercial supersonic air travel. The Concorde's story showed that these non-technical aspects of technology adoption and diffusion were strong enough to force the retirement of a superior, breakthrough technology and replace it with an inferior one. In 2021, did it make sense to aim to commercialize supersonic travel by imitating the good in the Concorde and tweaking the downsides, or was there a hidden reason why the Concorde had failed and supersonic transport had not been recreated? -
ByteDance: TikTok and the Trials of Going Viral
In 2020, TikTok became the most valuable start-up ever. The short-form, video-sharing social media platform emerged as the crown jewel of the Chinese technology firm ByteDance, realizing 850 million monthly users and an estimated worth of $180 billion. However, a crusade against Chinese technology companies launched by the United States' Trump administration threatened to jeopardize ByteDance founder Zhang Yiming's creation. How could Zhang assuage foreign government's concerns about TikTok's data security practices without also running afoul of the Chinese government's desire to keep China's most successful technologies under wraps? This case follows Zhang's entrepreneurial journey, from creative ambition to being caught up in the U.S.-China tech war. -
mPharma (A)
mPharma pioneered electronic prescriptions in Ghana, and aimed to increase drug affordability and accessibility in Africa, but the company remained unprofitable. Following investor concerns about mPharma's business, CEO Gregory Rockson considered alternative business models and services that could increase mPharma's profitability and impact. -
mPharma (B)
mPharma pioneered electronic prescriptions in Ghana, and aimed to increase drug affordability and accessibility in Africa, but the company remained unprofitable. Following investor concerns about mPharma's business, CEO Gregory Rockson considered alternative business models and services that could increase mPharma's profitability and impact. -
Love It or List It: An Aging Asset on Sixth Ave
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Note on the Future of Work
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Accounting For the Collapse of Dick Smith
In August 2019, Oliver Jones, senior manager at the New South Wales Institute of Qualified Accountants, was following the case of the insolvency of Dick Smith Group. The company began when the founder started servicing radios and expanded to carry a wide range of electronics products. Over the years, the competitive consumer electronics industry saw Dick Smith undergo several strategic changes. The founder had sold the company to Woolworths before the supermarket retailer decided to exit the consumer electronics business. After private equity firm Anchorage turned the company around and sold it for a profit in 2014, Dick Smith again experienced financial troubles. Management had bought too much inventory, chose the wrong products to buy and ultimately assumed too much debt during its expansion phase. In 2016, Dick Smith went bankrupt. Subsequently, creditors began litigation against top Dick Smith executives for pursuing a "rebate maximising" strategy that prioritised rebates over customer demand. The auditor was also implicated. While Jones was unsure if the auditor was legally responsible for investor losses, he wondered how they had not found any risks worth flagging. -
Cybersecurity at FireEye: Human+AI
Analysts have often compared keeping up with Cybersecurity threats to running on a treadmill that keeps speeding up; the runner cannot move forward and often begins to slide backwards and fall behind. Set in July 2020, this case explores how one of the world's most renowned such cybersecurity "runners", FireEye, implemented AI-based solutions within the organisation to provide improved cybersecurity services to its clients. The case delves into the various strategies implemented by the firm for AI adoption using a specific example tool. FireEye used its conceptual AI framework called the 'Automatibility Spectrum' to determine the appropriate degree of automation for developing different solutions. Additionally, the firm implemented agile practices to build inter-team collaborations, cross-team workflow processes and changes in its organisational structure and culture to promote a mind-set shift towards automation. Tasks that involved decision making would typically incorporate human verification with repetitive tasks being performed by automated algorithms. This Human+AI approach had enabled FireEye to expand and scale its support services. However, cyber attackers were constantly 'upping their game', and rapid technology innovations were creating new threat exposures. The nature of cybersecurity threats and the supporting technical methods were changing rapidly and continuously, and some of the rules and approaches for threat protection and investigation applicable earlier were becoming irrelevant as cyber threats evolved and became more sophisticated over time. Was FireEye's existing approach of Human+AI capable enough to tackle the ever-changing challenges in cybersecurity? -
CareGroup, Inc.
Care Group is a coalition of Boston hospitals. In FY1998, it incurred an operating loss of over $34 million, and a decline in its equity of more than $104 million. This contrasts with very positive performance in the previous two years. The goal is to determine why this happened.