Companies must know when to squelch their cockroaches | Retailers are prisoners to their own holiday sales | 3 ways you're messing up your biggest projects
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November 20, 2013
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Should boards say goodbye to "golden hellos"?
A growing number of companies are attracting top executives by offering incoming CEOs "golden hellos" -- but experts warn that upfront payments seldom represent good value for investors. Some say that the mere request for millions of dollars in incentives and signing bonuses should count as a big red flag against potential CEOs. "The incentive should be they will come to the company and perform and be rewarded," says Arby's Chairman Jon Luther. Bloomberg (11/19)
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Companies must know when to squelch their cockroaches
Toronto Mayor Rob Ford is a warning of what happens when organizations fail to swiftly stomp on "cockroach leaders," writes Claire Zillman. The reason few companies endure similar leadership scandals, Zillman adds, is that firms don't survive for long unless they're able to remove leaders who do more harm than good. "Even a watered-down Rob Ford equivalent in the C-suite is hard to identify. ... [B]ecause the boards of directors that hire CEOs also have the power to fire them," she writes. CNNMoney/Fortune (11/19)
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Take Charge With a Leader as Coach Certificate.
The Online Leader as Coach Certificate can help experienced and emerging leaders in any industry. Hands-on learning can make an immediate impact on your business. U.S.News & World Report ranked Butler # 2 in the Regional Universities Midwest category in the 2013 edition of "America's Best Colleges."
Strategic Management
Retailers are prisoners to their own holiday sales
Retailers wish they could simply do away with holiday sales and enjoy higher profit margins year-round, but competing chains are locked into a kind of prisoner's dilemma, with no single player able to stop slashing prices in case they lose ground to rivals. "None of them wants to have huge sales, but they don't want to miss out on the crowds," writes Kyle Stock. Bloomberg Businessweek (11/19)
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3 ways you're messing up your biggest projects
Companies trying to complete big, ambitious projects often fall prey to one of three "stooges," writes Seth Godin. First, companies over-promise; second, they fail to share their ideas effectively; and third, they fail to polish away the rough edges before rushing to market. "The market will not judge you by how much work you did, we will judge you by how it works and looks and feels," Godin warns. Seth Godin's Blog (11/19)
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Innovation and Creativity
Startups have innovation lessons for established firms
Established companies often make excuses for their lack of innovation by blaming limited resources -- but most startups achieve their successes with far less, writes organizational psychologist Beth Altringer. An innovation consultancy called OneLeap specializes in putting corporations in touch with entrepreneurs, allowing them to learn from their can-do spirit. "Entrepreneurs help large companies to combine relentless focus, expansive search and a bootstrapping mentality," Altringer explains. Harvard Business Review online/HBR Blog Network (11/19)
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The Global Perspective
Starbucks plans big expansion in India, says CEO
Starbucks is planning a major expansion in India, with thousands of stores envisioned in the region in the "not-too-distant" future, CEO Howard Schultz writes in an essay for a new book. After entering the Indian market in October 2012, Starbucks has just 25 stores there. "I look forward to a day in the not-too-distant future when India takes its place alongside China as one of our two largest markets outside North America," Schultz writes. Firstpost (India)/Press Trust of India (11/19)
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Engage. Innovate. Discuss.
7 ways for women to get ahead in business
Women need to take charge of their career trajectories and start advocating for themselves as potential leaders, write Caryl Rivers and Rosalind C. Barnett. That means actively tackling stereotypes, demanding recognition for successes and refusing to cede ground or give undue credit to male colleagues. "If you don't speak up, you lose," Rivers and Barnett warn. SmartBrief/SmartBlog on Leadership (11/19), SmartBrief/SmartBlog on Leadership (11/19)
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Daily Diversion
Minneapolis venue has America's top restroom
The Varsity Theater in Minneapolis has won the annual America's Best Restroom Contest, wowing judges with an "Alice in Wonderland-like grotto" decorated with ornate mirrors and brickwork "laid as if by a drunken mason on a bender." The washroom gives customers the chance "to spend a short time immersed in a make-believe world, leaving their cares behind," explains Variety owner Jason McLean. National Public Radio/the two-way blog (11/19)
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Be regular and orderly in your life ... so that you may be violent and original in your work."
-- Gustave Flaubert,
French writer
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