Vol. 54: The road to cost control

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The North Bay Business Journal, a publication of the New York Times, is a weekly business newspaper which covers the North Bay area of San Francisco – from the Golden Gate bridge north, including the Wine Country of Sonoma and Napa counties.

This page provides the Print-Friendly Version of the article, as published.

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Article published -November 30 2009larykirchenbauerhdr

Is fear or kindness the road to cost control? You decide

Strive not to be a success, but rather to be of value.”

– Albert Einstein

Last time I presented the dichotomy of two opposing cultures and posed the question: If measured by financial performance, how can dramatically different organizations be equally successful? In this continuing series, we’ll explore some of the combinations and permutations of sound business principles and cultural patterns that often collide within an organization’s walls.

In many ways, it doesn’t seem fair that both charitable and churlish cultures can thrive. It’s easy to embrace the benevolent culture created by Sid Rich (we’ll call it Company South, “S” for Sid) as profiled in my last column.

That company deserves to be successful. Wouldn’t it be great if that was the company I worked for? Contrarily, when you look across the aisle at the rough and tumble world of Company North (“N” for Nasty), highlighted by temper tantrums, public floggings and a petulant devotion to spending a dime on anything, we’re either glad we’re not working there … or wishing we didn’t.

Some powerful lessons are evident as we compare and contrast these companies, their styles and culture, although some lessons are not very inviting. (more…)

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Strategy is what you choose NOT to do!

conference-tableBy now, you know that the Sunday NY Times Corner Office series is oft-quoted here to highlight varying aspects of leadership that flow from Adam Bryant’s conversations with notable CEOs and business leaders.

This week he interviewed Drew Gilpin Faust, the first female President of Harvard University. Communication is a critical factor in her leadership style, and I can concur with the extraordinary importance this has in a university setting, having spent 6 months consulting with UCLA. The university community is a diverse governance conundrum with many cooks and few bottle washers, so communication is vital across all of the constituencies and leadership platforms. It’s no less important in your organization but the style required in a university setting sets a high standard for what’s required from all business leaders.

She also emphasizes the value of MBWA … the leadership tactic of “Management by Walking Around” mentioned often here. She also emphasizes (more…)

Continue ReadingStrategy is what you choose NOT to do!

Vol. 51 – Never Give Up! Never, Never, Never!

Churchill Image: I am an optimist2

At first, I figured it was too late to talk about surviving the economic storm we’re in … and then, I thought, hey, this isn’t over.

What does this recession really look like?

Maybe the sense of impending doom has dissipated but the reduced level of business activity and an increasing sense of frugality in a buyer-dominated market are going to be our unbidden passengers for quite a few more miles.

“Let us go into the storm … and through the storm,” said Winston Churchill as he prepared England to confront the Nazi regime in World War II.

As it applies to our current business climate, I thought this might be a touch of hyperbole, but then I recalled that Churchill’s odyssey raged for five years, not just the single year we’ve navigated since September 2008.

[pullquote]“Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” ~ Winston Churchill[/pullquote]

Imagine Churchill, FDR and others slogging for five dreadful years through the greatest threat to civilization we have known.

How do we carry on the fight over a longer period?

So, how do we get through four more years of this business cycle, a time frame proclaimed by many before employment gets back to 6 percent and more customary growth trends resume?

Consider these few concepts inspired by the triumph and tragedy of those years: (more…)

Continue ReadingVol. 51 – Never Give Up! Never, Never, Never!

I don’t buy a dog and bark for it

Pen and Glasses and Business File on TableThe NY Times runs a weekly column entitled the Corner Office, that discusses leadership lessons from CEO’s across a broad spectrum of companies. These interviews usually recall important tenets of successful leadership and serve as a valuable reminder about important lessons and how they should be applied.

This week, Adam Bryant interviewed Susan Lyne, CEO of Gilt Groupe. Lyne reports that she has learned the importance of being committed to “stepping back to think about the big picture,” a major challenge for most business leaders. A great way to do that is to grab a blank sheet of paper to begin.

I also like her suggestion about “office hours”, an idea she picked up from a colleague who was a former college professor. (more…)

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CEO Round Table – Q309 Update

During the last several meetings of the CEO Round Table, we’ve invested a lot of time with leading experts to discuss “Talent Management” issues. Experienced CEO’s understand that building a high performance company centers around the recruiting, retention and performance of talented executives. In building our knowledge and insights into these critical challenges, we’ve improved our recruiting skills, launched goal and performance management initiatives among member companies and learned about the strengths and weaknesses of compensation as a high performance driver.

In my experience, few CEO’s devote the necessary time to Talent Management. (more…)

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