How can a CEO make an outstanding impression when moving to a new company? Investigations by research team Michael Birshan, Thomas Meakin and Kurt Strovink, writing for McKinsey Quarterly, reveal some answers for aspiring high-fliers.
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Why your CIO can make or break your business
With digital data increasingly driving performance, it takes a strong, forward-thinking champion to make sure your organisation embraces that shift effectively, says Nick Easen, writing for Raconteur.
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Leadership
Three key incoming tactics of extraordinary leaders
How can a CEO make an outstanding impression when moving to a new company?
Making the transition to a fresh role is a huge test for leaders in the contemporary business world. Getting your early moves right is vital if you want to get the existing team on board and guide the company to singular success.
Management
Leading digital platforms requires ethical leadership
In addition to legislation, ethical engagement by CEOs is essential to avoid accusations of unethical practice.
Digital platform businesses need to manage their ethics better. At the moment, there is a lack of responsible leadership and regulation around digital platforms, which has resulted in a whole host of unethical consequences.
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Strategy
Protect yourself from disruption
Traditional companies are not immune from the disruption associated with new technologies. To avoid disaster transform your core operations while growing into new business areas.
If you’re complacent, you leave yourself vulnerable to ‘industry compression’ – a form of slow but dangerous change that results in a prolonged decline in operating profits and revenues.
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Innovation
Elon Musk: expert generalist
Elon Musk’s success is down to more than just hard work, the ability to visualise the future and a ‘never say die’ attitude.
Elon Musk is CEO and CTO of SpaceX, co-founder, CEO and chairman of Tesla Inc, co-founder of OpenAI and founder and CEO of Neuralink. He is worth US$15.3bn.
How has the 45-year-old entrepreneur achieved all of this in such a short space of time?
Entrepreneurship
How to fail smart
To become truly innovative, companies must learn to accept, discuss and learn from their failures, write Paul Boston and Bin Zhao for Ivey Business Journal.
For many businesses failure is a dirty word. Operating in a society where perfection is espoused and so-called “overnight success” stories are celebrated, senior managers are reluctant to admit to their company’s failures, let alone dissect the reasons for those failures, learn from them and use those lessons to drive innovation.
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Marketing
Why you need to understand your products’ demand windows
If you don’t know what the demand windows for your products are, not enough of your customers will be demanding them.
“The most predictable characteristic of today’s consumers may be their variability,” say Emre Sucu, Matt Egol, and Edward C. Landry writing for Strategy+Business. The predictable customer of a certain age, gender and postal code is a thing of a past.
