As we close out this year and set our sights on 2015, I think it is worthwhile to step back and think about the fundamentals of what it takes to lead a group to a successful outcome. In doing this, I am reminded of some work published 4 or so years ago in the Harvard Business Review that has really stuck with me. It was focused on uncovering THE key behaviors found in the experiences of others who have achieved success.
Bob's Gutsy Leadership Blog
Archive for December, 2014
I recently read about a multinational company where the President of one of the product divisions was asked by the CEO of the company to attend a strategy meeting of the company’s executive committee (EC). He assumed that the EC was probably disappointed in his division’s weak results over the past two years and wanted to understand his plans for a turnaround.
Fortune Magazine did a major article on McDonald’s recently that was a real shocker in that it described a leadership crisis that has led to disappointments in the McDonald’s business on many different front. All of this has culminated in a disastrous year for the company. Specifically, in late October it reported its fourth straight quarter of negative same-store sales in its US operations and a 30% decline in the company’s profits. Expenses are growing while revenue are declining, a clear recipe for disaster!
Recently Harley Davidson, the Milwaukee-based motorcycle company, posted better than expected profits for the latest quarter, with revenue up 3.8 percent versus year ago. Over the past two years the company has done very well, with its stock price going from $39 per share two years ago to $68 per share range.