When Bold Strategy Becomes a Bet You Can’t Afford to Lose
Honda just announced its first net loss since listing on the Tokyo Stock Exchange in 1957. The company cancelled three EV models it had been engineering for years — the Honda 0 SUV, the Honda 0 Saloon, and the Acura RSX — writing off up to ¥2.5 trillion in assets and supplier commitments in a single fiscal year.
That fact alone is worth sitting with. This is not a story about a company that failed to try.
It is a story about the difference between boldness and prudence — and what happens when a business has the first without the second.
Incentive Pay Doesn’t Work
If I offered you more money for results, would you change anything that you are doing now? I have asked this very question to numerous successful CEOs, and invariably the answer is no. I suspect yours is as well.
Practices That Accelerate Leadership Success
Below are my list of the top twenty-one practices that accelerate your success as a leader based on the most successful business leaders I know.
The Secret to Persuasive Strategy
All senior level executives and managers are asked to develop and present a strategy, whether global strategy, regional strategy, or simply strategy for a team or department they oversee. Many managers create long slide presentations with lots of data to justify why their strategy is right. However, the most persuasive managers talk about all the […]
3 Pillars of Change Traction
If you want traction for change among individuals in your organization, it is only when there are clear standards of performance or behavior, accountability to meet them, and support to help people succeed that a change can take hold. In my experience, a deficit in any one of these three will alter the way any […]
Feedback is Not Always a Gift
Unsolicited feedback is meant only for the benefit of the person who gives it and never for the person to whom it is given. I pay it no heed. Neither should you.
The Best Educate Themselves
“I am reading every book by Peter Drucker I can get my hands on.” That’s what Tsukuba International School Principal, Shaney Crawford, said to me nearly nine years ago. Never before, nor since, has any salaried manager or company CEO ever told me anything even remotely similar even though this is precisely the type of […]
Problem with Engagement Surveys
Engagement surveys mask both organizational dysfunction and organizational health. If you are using their results to make decisions, you are at risk of making the wrong ones.
The Golden Rolodex Trap
You should always own and never outsource relationships in your business in Japan or anywhere else, and there is no reason you should have to, no matter what you might have been told.
Reject Status Quo Salesforce Behavior
Rapid growth of business frequently means improved selling behavior of your salesforce. Some leaders I encounter are aware there are issues in their salesforce, but often don’t have complete visibility into specific behaviors that ought to be changed. Below are five of the most common behaviors of salespeople I have encountered and what I advised.
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