Experience is good news and bad news. Experience causes patterns to get set in our mind, and for most people those patterns become stubborn rules of behavior. On the other hand, experience can also greatly accelerate a learning curve and help avoid subtle industry “potholes.”
Bob's Gutsy Leadership Blog
Archive for February, 2011
It sounds easy, but managers tend to fog this up. They overestimate the value of experience. They worry too much about what others will think. Friendships get in the way. They put off the decision and leave the current players in place…hoping for the best.
Fiat’s recent announcement of a 10% jump in revenue and a threefold increase in profits in 2010 is an impressive continuation of the turnaround led by CEO Sergio Marchionne. It was 2004 when Fiat, on the verge of bankruptcy, finally gave up on their traditional practice of family members and friend trying to run the […]
Why don’t leaders constantly face reality and make the tough decisions? Fear of change? Arrogance generated by success? Pressure from the troops who fear that change will impact them?
It’s the leader’s job to make that happen as fast and as effectively as possibly. They need a different kind of talent and they need to totally reorganize. All those things require real guts. I am sure there is tremendous push-back within the company given their past hardware success and an employee base that knows and prides itself in its big (but shrinking) cell phone business.
Once the leader has nailed down the vision and announced it to the troops, he or she needs to quickly follow with the strategies for how that vision is to be accomplished.
A vision is what the organization wants to be or to have happen in the future. To select a vision, a leader needs to set up a reasonable amount of time to determine the problems and the opportunities via a set of analyses by a carefully selected group of knowledgeable, objective people.