The CEO and the Three Envelopes

September 3, 2010
 

A new CEO was hired to take over a struggling company. The CEO who was stepping down met with him privately and presented him with three numbered envelopes. “Open these if you run into serious trouble,” he said.

Well, three months later sales and profits were still way down and the …

Five Things CEO’s Do

September 2, 2010
 

If you’re the CEO, business unit leader, or department head this is what you should be doing:

1) Set the goal

2) Design the strategy to reach the goal

3) Operationalize the strategy; make a plan (e.g., break it down, make it measurable)

4) Staff the plan (e.g., hire, fire, promote or regroup)

5) Align …

Business Wisdom from the Dalai Lama

August 30, 2010
 

“Share knowledge. It’s a way to achieve immortality.” — Dalai Lama

The times in my career that I’ve been the happiest have been when I’ve been able to spot and help unleash someone’s hidden potential. Watching Christine go from receptionist to six-figure sales star in two years. Watching Andy go from …