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Unexpected Leadership Lessons that Mobsters Can Teach Lawful Leaders

Leading Blog

All organizations, lawful and unlawful, face the same corporate governance problem: how to attract, retain, and motivate a self-interested workforce to achieve the organization’s mission and strategy. Finally, leaders must develop a culture that communicates the organization’s vision and strategy. One Size Doesn’t Fit All.

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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. This involved several more years and another 1,800 people, 60% of whom were union employees.

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Focus on Keeping Up with Your Customers, Not Your Competitors

Harvard Business Review

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). Have you reinvented your core processes to the same degree?

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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.

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Will You Be Writing Off Your Investment in Egypt?

Harvard Business Review

Profits that are received at some future point are discounted by the real cost of finance and any appropriate risk premium. The highest estimate that we could find from recent, peer-reviewed studies was a 1.08 Without changes in strategy, firms operating subsidiaries in Egypt may face the need for substantial write-offs.

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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.