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Globalization, deregulation, and a growing knowledge workforce have radically altered the role of the modern manager. The ability to lead organizational change is no longer a nice‐to‐have skill but a necessity. And as companies abandon traditional, hierarchies in favor of the flatter, more...
Persistent link: https://www.econbiz.de/10015009561
continual basis. In short, culture and leadership are crucial. This has been well documented as far back as 1951, yet there has …
Persistent link: https://www.econbiz.de/10015009566
In May 2000, Robert A. (“Bob”) Eckert, a former vice‐president at Kraft Foods, Inc., walked into the world’s largest toy company to face a monumental challenge. Mattel Inc. was losing over 1 million dollars a day, and it was obvious that significant measures were needed to rescue it. A...
Persistent link: https://www.econbiz.de/10015009572
The recent spate of acquisitions, redundancies and CEO casualties ensure that change is an inevitability for many organizations. However, nearly two‐thirds of major change programs prove unsuccessful, and, according to Fortune 500 executives, the primary reason for this is not a lack of skill...
Persistent link: https://www.econbiz.de/10015009588
Is leadership all about nature or nurture? The debate has been raging since the beginning of management thinking and is …
Persistent link: https://www.econbiz.de/10015009603
With the beleaguered ABB struggling to stay out of the red as Siemens announces quarterly profits substantially up on the past months, the jury is still out on conglomerates. Are they a thing of the past or will they survive this economic slump to rise triumphant later this decade? There is...
Persistent link: https://www.econbiz.de/10015009612
As the world watched the tragic events of September 11 unfold, people’s immediate thought was of the lives this disaster would claim. But Jeffrey W. Greenberg, CEO of Marsh & McLennan Companies, had more to deal with than most and neither hysteria nor silent shock was an option. Not only did...
Persistent link: https://www.econbiz.de/10015009642
There comes a point at which, for any business organization, confidence and ambition give way to hubris. Astute observers might note this defining moment, although more often it becomes apparent only later.
Persistent link: https://www.econbiz.de/10015009661
The Ford Motor Company is feeling the pressure. Over the last couple of years the world’s second largest car maker has suffered a series of blows ranging from strategy crises to PR disasters which culminated in a massive $5.5 billion loss in 2001. In an effort to get things back on track,...
Persistent link: https://www.econbiz.de/10015009671
In 1994 consumer company Scott Paper was tired, bloated and more importantly, it was losing money hand over fist. Enter “Chainsaw Al” (a.k.a. Al Dunlap). This cost cutting, job slashing turnaround specialist earned his nickname as a result of his ability to cut out the dead wood and revive...
Persistent link: https://www.econbiz.de/10015009691