Take feedback seriously and watch your company grow | Culture is not the same as values | After craft-beer acquisitions, AB InBev is thirsty for more
 
June 26, 2015
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Leading Edge
Take feedback seriously and watch your company grow
Companies that employ people with a high degree of self-awareness get better financial results than their less mindful rivals, according to a recent Korn-Ferry study. Listen to what people say about you and you'll "be a better leader, a better person, and you will be making a positive contribution to your organization's financials," writes Dan McCarthy. SmartBrief/SmartBlog on Leadership (6/25)
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Culture is not the same as values
To lead a company effectively, you need to understand the difference between culture and values, writes Matt Blumberg. Values are about what matters to a company and change infrequently, while culture is the shifting state of business practices and workplace interactions, he argues. "A leader's job is to embody the values. That impacts/produces/guides culture. But only the foolhardy leaders think they can control culture," he writes. Only Once blog (6/25), Feld Thoughts (6/25)
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Strategic Management
After craft-beer acquisitions, AB InBev is thirsty for more
Goose Island Beer
Goose Island Beer bottle (Scott Olson/Getty Images)
AB InBev has bought four craft breweries since 2011, including Goose Island Beer in Chicago, and is planning further acquisitions to offset a sales decline. "We are in the middle of the end of the beginning of craft beer," says Larry Bell, founder of Bell's Brewery. "All the pioneers who started it off are getting older, and they have to look at an exit strategy." Bloomberg (6/25)
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M&A forecast grows darker after Sysco setback
Sysco's $3.5 billion deal with US Foods is on hold after a federal court suggested the merger would hurt competition, and similar problems could be in store for the planned Staples-Office Depot merger. The court's full reasoning is due today, but it seems obvious that the existence of strong local competition isn't swaying regulators, Reynolds Holding writes. BreakingViews.com (6/24)
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Smarter Communication
Your employees don't like your poor communication skills
Poor communication and a lack of interaction and recognition are among complaints employees have about executives, according to an Interact/Harris Poll. "Much of a team's success lies in the pattern of connection a leader has with direct reports, and the way he or she empowers them," writes Lou Solomon. Harvard Business Review online (tiered subscription model) (6/24)
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Smarter Living
Get your mind and body right each Friday
Are you exercising? Why not?
Being out of shape is like permanently having several drinks in your system -- you can cope, but you'll never achieve your true potential, says GoodLife Fitness CEO David Patchell-Evans. And it doesn't matter whether you exercise in the morning or evening, trainers say. "It's really up to you to know when your body is most capable of an effective workout," Lee Pickering says. The Edmonton Sun (Alberta) (6/19), The Levo League (6/17)
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In Their Own Words
How the Grateful Dead's promoter keeps a level head
Peter Shapiro got his start by shooting an unauthorized documentary about the Grateful Dead before becoming a magazine publisher, retailer, venue owner and concert promoter. Now, he's promoting the band's 50th anniversary tour. Shapiro says a chilled-out approach to life is essential. "I try to never get too up or too down. ... I just try not to buy into the awesome too much," he says. Fast Company online (6/25)
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Daily Diversion
How "Jerry Seinfeld" changed comedy forever
"Seinfeld" episode in 1997
Seinfeld in 1997 (Getty Images)
The most influential comedian in the world might just be "Jerry Seinfeld," the fictional comedian portrayed by real-life comedian Jerry Seinfeld on his TV show, writes Jesse David Fox. By following "Seinfeld" offstage, the show turned comedy into something more visceral, revealing and personal than it had been before. "The irony to all of this is Seinfeld's actual stand-up comedy is not particularly influential anymore," Fox writes. Vulture (6/24)
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SmartQuote
Combine the extremes, and you will have the true center."
-- Karl Wilhelm Friedrich Schlegel,
poet and philosopher
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