Marshall Goldsmith

FEBRUARY 24, 2014

” There is an implicit hope that when people – especially managers – hear great words, they will start to exhibit great behavior. Before the energy conglomerate’s collapse in 2001, I had the opportunity to review Enron’s values. Enron is a great example.

Ethics 137

Ethics Pharmaceuticals PR Execution 137

Center for Creative Leadership

AUGUST 26, 2019

Our series of industry trend research reports — created using our flagship 360-assessment tool, Benchmarks® for Managers — shows that great similarities exist among leaders across industries including healthcare, pharmaceutical, financial, tech, energy, and government (civilian). Participative management.

Benchmarking 57

Benchmarking Leadership Bottom-up Leadership Pipeline 57

Lead on Purpose

SEPTEMBER 8, 2009

I said to Allar , “Rather than be at each other’s throats as we sink, let’s work together – collaborate – and figure out how we’re going to get out of this mess…” In other words, I was ready to tear down the walls that separated the union and management, because I understood that we needed each other to survive.

Committee 140

Committee Automotive Ethics Productivity 140

Strategy Driven

DECEMBER 13, 2018

It takes effort, energy and time. A few years back, I coached a national pharmaceutical team with distinct geographies. Team meetings become interesting and rewarding. It’s easy to get away with silo mentality because team members do not naturally collaborate. Leaders who create collaborative activities, projects etc.,

Team 58

Team Pharmaceuticals Project Learning-by-Doing 58

Marshall Goldsmith

FEBRUARY 8, 2018

Thinkers50 – World’s Most Influential Management Thinkers. Called ‘The Academy Awards of Leadership’ by the Economist, Thinkers50 is the world’s most reliable resource for identifying, ranking and sharing the leading management ideas of our age. World authority on project management. Co-author: Predictable Magic.

Executive Coaching 70

Executive Coaching CEO Magazine Banking 70

Harvard Business Review

MAY 8, 2013

Over the past 20 years, no group has endured greater pain and humiliation within organizations than mid-level managers (MLMs — managers from two levels below the CEO down to the line managers). Leadership development Leadership transitions Managing people' MLMs who remained were labeled "dinosaurs" or "overhead.".

Middle Management 9

Middle Management Management Automotive Pharmaceuticals 9

The Practical Leader

APRIL 6, 2022

” The authors cite these examples of purpose statements; Tesla — “to accelerate the world’s transition to sustainable energy,” Beyond Meat — “a better way to feed the planet,” Disney — “create happiness through magical experiences,” and Nestle — “good food, good life.”

Mintzberg 111

Mintzberg Pharmaceuticals Energy McKinsey 111

Harvard Business Review

OCTOBER 23, 2014

Energy, agriculture, insurance, retail, human resources — no industry is unaffected. That’s why pharmaceutical, biotechnology, and medical device companies need to define their relevance in this new health care ecosystem, and soon. Or lenders’ enhanced abilities to gauge credit risk. They’re also sharing risk. But not for long.

Health Care 8

Health Care Pharmaceuticals Information Technology Supply Chain 8

Harvard Business Review

SEPTEMBER 21, 2018

In contrast, 70% of respondents think their boards have effective processes for staying current on the company; 69% for compliance; 66% for financial planning; and 55% for risk management — although we should note that managing risks is a crucial consideration when pursuing innovation.

Innovation 10

Innovation Short-term Telecommunications Long-term 10

Harvard Business Review

JANUARY 24, 2012

Nine years ago, when I launched The Energy Project during an economic boom, it was nearly impossible to find senior leaders open to the idea that demand was exceeding people's capacity, and that it was critical to the bottom line to teach employees new ways to manage their energy more skillfully.

Meyer 15

Meyer Goleman Emotional Intelligence Pharmaceuticals 15

Harvard Business Review

SEPTEMBER 11, 2018

” On her return, she found that not only did she fail to get her clients back, but the colleague who took them over didn’t even know that she had previously managed them. We recently presented initial findings at the Academy of Management; for more detail, see a preliminary report here.)

Career 13

Career Company Pharmaceuticals Long-term 13

Harvard Business Review

JANUARY 25, 2012

Because I figured out how to embrace networking I found myself in the plum role of leading one of the highest visibility company teams as a new marketing manager at the age of 26, and representing the company at a United Nations conference in Geneva. This is wrong.

Pharmaceuticals 20

Pharmaceuticals Conference Learning-by-Doing Strategic Planning 20

Harvard Business Review

NOVEMBER 9, 2011

That's what we found when we studied the top management teams of companies in Europe over the past three years. In several industries, such as consumer goods, financial services, industrial products, and logistics, COOs usually had backgrounds in either managing operations or information technology departments.

COO 12

COO Sample Telecommunications Automotive 12

Harvard Business Review

JUNE 21, 2013

Our research found they are one of the regions struggling most to establish great talent management practices, among them hiring, assessing, rewarding, and firing talent. If, in addition, companies are managing their underperformers out poorly, the costs rise even further. Global business Talent management'

Telecommunications 9

Telecommunications Health Care Talent Management Biotechnology 9

Harvard Business Review

FEBRUARY 24, 2015

Conversely, the business may be an “unpolished diamond” that was neglected by its former management for too long and whose value is just waiting to be unlocked. The diverging fortunes of two recent spin-offs in the energy industry illustrate how financial markets value autonomy from the parent.

Chemicals 8

Chemicals How To Kahneman Reputation 8

Harvard Business Review

SEPTEMBER 13, 2011

Energy, creativity, and activity are all good things — but they don't create value unless results are achieved. Here are some common examples: When pharmaceutical companies announce that a new drug has been "approved," they are actually saying that their researchers made some breakthrough discoveries as far back as fifteen years ago.

Short-term 14

Short-term Pharmaceuticals Long-term Maturity 14

Harvard Business Review

FEBRUARY 22, 2017

food, beverage & tobacco, household and personal products); Energy & Utilities (e.g., pharmaceuticals, biotechnology & life sciences, health care equipment and services); Industrials (e.g., apparel, automobiles, retailing, media, hotels, restaurants & leisure); Consumer Staples (e.g.,

Telecommunications 8

Telecommunications Health Care Contingency Plans Biotechnology 8

Harvard Business Review

JANUARY 31, 2013

Pharmaceutical companies are mastering bio-engineering techniques that will help develop personalized medicines. It is important to remember that manufacturing is not monolithic and that there is a wide range of manufacturing industries — from the very labor-intensive and resource/energy-intensive to the very R&D intensive.

Globalization 9

Globalization Supply Chain Pharmaceuticals McKinsey 9

Harvard Business Review

JUNE 3, 2013

What kind of signal did this choice send to P&G''s top managers? Is the problem that P&G produces outstanding specialists in marketing but not general managers who can run the business? Using data from the 2012 survey, we also found that boards gave their companies'' very poor grades on talent management.

Succession 8

Succession Telecommunications Biotechnology Real Estate 8

Harvard Business Review

OCTOBER 21, 2013

I found myself reflecting on this recently while speaking with two business leaders in one of the world’s great pharmaceutical companies. So yes, be authentic – but don’t break the mold so completely that others need to spend energy figuring out how to engage with your leadership. Leadership Managing uncertainty'

Drucker 8

Drucker Diversity Pharmaceuticals Uncertainty 8

Harvard Business Review

FEBRUARY 15, 2012

Can Guangdong manage such a transition before its current manufacturing base is eroded? There aren't enough people in Guangdong who can work in the industries that the government has prioritized, such as pharmaceuticals, high-tech, and renewable energy. It's difficult to say. The pressures are evident.

GDP 12

GDP Pharmaceuticals Long-term Globalization 12

Harvard Business Review

SEPTEMBER 15, 2014

Instead of passive subscribers, it created “communities of friends” who generated new story ideas and collaborated with Fast Company staff to develop themes of the “new management revolution.”. The more responsible participants feel, the more energy and drive they’ll offer — and the better they’ll feel about participating.

Gilbert 9

Gilbert Participative Cooper Network Economy 9

Harvard Business Review

AUGUST 14, 2018

“Death by a Thousand Cuts” Based on a comprehensive five-year study, my new research paper, published in the Academy of Management Discoveries this year, systematically identifies the reasons behind the failures of major Western digital firms in China. poor management of relations with Chinese regulators and the government.

Competitive Advantage 11

Competitive Advantage Business Model Technology Marketing 11

Harvard Business Review

JANUARY 5, 2018

For example, in 2009 professors Brian Becker, Mark Huselid, and Richard Beatty estimated that in most companies less than 15% of jobs are what they call strategic positions and said management should focus “disproportionate investments” on finding A players for those jobs. Connectors in the middle. High-potential future leaders.

McKinsey 8

McKinsey Human Resources Reputation Brand 8

Harvard Business Review

MAY 16, 2011

But most true collaborations cannot be controlled with fixed terms that are defined in advance — they must be managed through relational contracts that allow you to respond flexibly to new information. Their challenge then is to learn how to manage these partnerships differently than the vendor relationships they had before.

Software 15

Software Licensing Long-term Telecommunications 15

Harvard Business Review

OCTOBER 29, 2012

The nay-sayers, on the other hand, can cite the passionately defended view of the pharmaceutical industry that the cost of discovering innovative disease-curing molecules has been rising crazily — the basis for perennial campaigns for stronger intellectual property rights to safeguard pharma investments.

Cost 8

Cost Innovation Wireless Disruptive Innovation 8

Harvard Business Review

FEBRUARY 10, 2014

The most effective campaigns stir up “hot” emotions in people (pride and anger are especially effective) and then channel that energy and passion into “cool” (clear and step-wise) actions. Change management Customer service Informal leadership' Connect people and cascade excellence.

Case Study 11

Case Study Pharmaceuticals Airlines Hotels 11

Harvard Business Review

JULY 16, 2013

And 43% cited technology expertise, HR-talent management, international-global expertise, and succession planning as the skills missing most on their boards. The industry with the greatest skills gap was IT & telecommunications, whose boards are in serious need of international-global expertise and HR-talent management.

Telecommunications 8

Telecommunications Biotechnology Health Care Real Estate 8

Harvard Business Review

APRIL 16, 2012

energy or telecom) or research-intensive industries (e.g., high technology or pharmaceutical) that are investing in projects with uncertain long-range payoffs. Strategic cash also can be used to finance long-term reinvestment programs in the business—which is especially valuable to companies in capital-intensive industries (e.g.,

Company 14

Company Cost of Capital Finance Long-term 14

Harvard Business Review

APRIL 22, 2013

Most of us think of biotech as the province of multinational pharmaceutical corporations and well-funded ventures, but the founders of BioCurious believe (as they say in their mission statement) "that innovations in biology should be accessible, affordable, and open to everyone." Socialize your underused assets.

Mission Statement 9

Mission Statement Class Learning-by-Doing Pharmaceuticals 9

Harvard Business Review

OCTOBER 22, 2013

She kicked off her October management team meeting, which I was attending, by reading the following passage from my book: The dangers of taking too much risk are very clear. I felt that Walter had just given the management team a well-deserved kick in the pants—and they summarily dismissed it without letting it sink in.

COO 8

COO Short-term CFO Pharmaceuticals 8

Harvard Business Review

MAY 17, 2013

Sure, the company was eventually both punished and sold (it’s now one of the fastest-growing pharmaceutical businesses in the U.S.). Management Flaws at I.R.S. OK, you know I have to say it: Of course this scandal boils down to a massive management problem. Just Add Training! Cited in Tea Party Scrutiny The New York Times.

Pharmaceuticals 8

Pharmaceuticals Course Middle Management Training 8

Harvard Business Review

MARCH 9, 2015

Big data and analytics can make organizations more efficient and agile by empowering middle-level and far-flung managers to make decisions and seize business opportunities that previously required scarce data and executive approval. For example, a study of a multinational pharmaceutical company revealed that leaders in its U.S.

Tools 8

Tools CEO Mezzanine Software 8

Harvard Business Review

MAY 5, 2016

of government revenue was derived from energy in the first half of FY 16. And Danish pharmaceutical company Novo Nordisk is building on its Iran presence by doubling local staff to nearly 300 and investing $76 million in a new factory. Iran’s economic woes go beyond sanctions. The Opportunities.

Tourism 8

Tourism Banking Due Diligence Hotels 8

Harvard Business Review

MARCH 24, 2011

What makes the matter fascinating to industry watchers, approximately their equivalent of the Charlie Sheen supernova, is that Gupta served three terms as managing director of McKinsey & Co., In his tenure as McKinsey's worldwide managing director, Gupta displayed macher-like ambition not just for himself but even more so for his firm.

McKinsey 14

McKinsey Consultative Waterman Intellectual Capital 14

Harvard Business Review

OCTOBER 28, 2013

Lois Kelly, co-author with Carmen Medina (see case study #1) of the upcoming book, Rebels at Work: Befriending the Bureaucratic Black Belts and Leading Change from Within , says the smartest people carefully calculate what’s worth their time and energy. Understand your authority. Principles to Remember. “A Caroline Johanssen* was annoyed.

How To 12

How To Case Study Politics Reputation 12

Harvard Business Review

OCTOBER 22, 2013

Let’s say you’re in the energy sector. Cosmeceuticals , for example, is the new industry emerging from the convergence of the personal care/cosmetic and pharmaceutical industries. An effective way to create creative discontent is to ask questions that shake people up. Pivots don’t occur overnight; they can be seen.

Skills 8

Skills Power Six Sigma Disruptive Innovation 8