Unexpected Leadership Lessons that Mobsters Can Teach Lawful Leaders

Leading Blog

He is a globally recognized microeconomist and author of seven books and has taught organizational economics, accounting, and finance at the University of Rochester’s Simon Business School for more than forty years.

Are CEOs Overhyped and Overpaid?

Harvard Business

My focus was on peer-reviewed journal articles (academic papers) that included reliable measures of CEO attributes (e.g., I came up with three major conclusions from this literature review: CEOs Do Matter a Lot. Second, as a 20-year review from 1993 to 2012 showed, CEOs’ judgment affects key strategic and managerial processes , such as staffing, financing, and marketing decisions. How much do CEOs actually matter?

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A Shift in Leadership Can Make a Multi-Million Dollar Impact

Strategy Driven

We remained steadfastly committed to having all our staff from custodians, plumbers, and bus drivers to engineers, architects, and finance directors, trained in the culture we wanted to create and the culture we expected each of our people to honor. I co-conducted a professional peer review of a nearly identical campus on the west coast (size, structure, unions, facilities, budget, number of staff).

Focus on Keeping Up with Your Customers, Not Your Competitors

Harvard Business

They’ve redesigned their core processes in the area of procurement (online shopping), talent acquisition (marketplaces), collaboration (social networking), market research (peer reviews), finance (mobile payments) and travel (room and ride sharing). Review the disciplines outlined above and see which ones will have the most impact on your customer experience. Every company these days seems to be either contemplating or pursuing digital transformation.

When Research Should Come with a Warning Label

Harvard Business Review

Systematic reviews of studies on sugared beverage consumption and weight gain — which is to say, reviews which try to sum up the state of the evidence — were five times more likely to conclude no relationship than systematic reviews that had no industry funding. The researchers looked at systematic reviews conducted between 2006 and 2013. In fact, the four systematic reviews from 2012 onwards all found mostly positive associations; none were funded by industry.

Are Business Schools Creating Higher-Ambition Leaders?

Harvard Business Review

Higher-ambition leaders are able to integrate multiple business disciplines (strategy, ethics, marketing, finance and so on) into a coherent, systemic approach for building a great company. For example, in finance courses students learn that profitability and return on assets is the measure of business success. For over 30 years I worked as a business school professor educating thousands of MBAs and executives.

Performance-Based Pay for Executives Still Works

Harvard Business Review

And while it’s true, as they write, that “large bonuses and stock options have been held responsible for overly risky behavior and short-term strategies,” I know of no peer-reviewed evidence that the crisis was actually due to poor incentives, and their article cites none. A paper in the Journal of Finance found that firms that give CEOs high equity incentives outperform those with low equity incentives by 4-10%/year.