Editor’s Note: Jeff Immelt will be one of the keynote speakers at our upcoming CEO Leadership Conference in Phoenix, Nov. 4 & 5. Please join us. If it’s true, as James Joyce wrote, that mistakes are the “portals of discovery,” then Jeff Immelt’s new memoir may serve as a detailed map for CEOs in every
CEO
Amid one of the toughest talent markets in history, Bristol Myers Squibb, USAA, Greencastle Associates Consulting and Principle Services were honored today as the winners of the 4th annual Patriots in Business Award. Presented each year by Chief Executive magazine and Thayer Leadership, the award is part of an ongoing effort to raise awareness of
Unsurprisingly, the COVID pandemic has created a flexible workplace that most management — as well as their teams — never thought possible. With better work-life balance, a less stressful and money-saving commute, and improved inclusivity — not to mention the positive environmental impact — the benefits of location independence are almost countless. I can attest
In 1791 Alexander Hamilton prepared his “Report on Manufactures,” which gives us a sense of America’s early business activity. His list included the production of animal hides into leather, shoes, saddlery, breeches and gloves. It also included the use of iron and steel to make tools, nails, agricultural implements, stoves, pots, anchors and guns. Hamilton
Nearly every conversation I find myself in recently involves picking sides. It is as if I am plummeting toward a huge crevasse and I need to decide instantly – do I jump left or right? Liberal or conservative? Community wellness or personal rights? Should my kid play soccer or baseball? Everything is an either-or choice
Rising employee resignation rates are not new—they’ve risen every year since 2010, in fact. But halfway through 2021, previous records were shattered, with 1 in 4 people actively searching for a new job. In addition, industries across the board are experiencing voluntary turnover. Surprisingly, it’s not only happening in businesses where you’d expect it, such
There is no specific personality type or approach that makes someone a good manager. Effective management depends on being clear about what you need from your employees and doing your best to get the most from each of them. Listening to your team, treating everyone with respect and having a genuine desire to help them
‘There’s a dark side to everything.’ – Prince Over the last five years, we have seen a shift from political parties from a traditional, class-based distinction to a distinction based on cultural attributes and education. Political parties have found it difficult to position themselves in this dimension. Some of this can be traced back to the
Do you think about the ‘power of your people’? After all, your employees touch every aspect of your business; from day-to-day operations, engaging with customers, utilising technology, creating your processes and policies, to making decisions and taking action (or inaction) that affects your business daily. Your people are literally the heart of your business. Harnessing
The how, what, when and where of return-to-work alternatives are clearly the purview of the management team. However, management decisions made now will have long-term, strategic impacts on individual companies and on whole industries. Boards should be thinking about and asking questions of management to understand the potential impacts. In many respects, the current decisions
More than 15 million U.S. workers have quit their jobs since April 2021. Companies are responding with well-intentioned quick fixes—increasing pay or financial benefits or offering retention or “thank you” bonuses. However, employees are still leaving. If your employees are breaking up with you, the first step is to understand why. In a recent McKinsey
Over the past year, COVID has forced businesses to alter the way they market their services and themselves. Companies were forced to embrace the digital space as more and more customers spent time surfing the internet and social media while the nation was on lockdown. During that time, business owners leaned on digital marketing efforts
I consider myself to be an innovator. I face challenges head-on, I think creatively, and I listen to my team’s ideas. But it wasn’t until the pandemic that I realized my company was innovating within a pre-established “box.” Leaders often rely on tried-and-true practices to be successful, such as strategic planning, annual objectives, and budgeting
Savvy business owners are aware of the importance for a brand to remain relevant and fresh to continue catching the eye of consumers. One of the best ways to achieve this goal is by rebranding when existing designs start feeling stale. Rebranding allows companies to re-emphasize the ideas and culture that epitomize who they are
If you are reading this, you are likely among the most influential people in the world. I don’t know whether to say “Congratulations!” or “I’m Sorry.” As the adage goes, “with great power comes great responsibility,” and that is certainly true in these times of leading our organizations out of the pandemic. As you are
Whether it is a family-owned business, private-sector organization, publicly-traded company, non-profit entity, global business, military or government agency, the long-standing dilemma among leaders has and will always be – How do you motivate others? Beyond the obvious, and for some maybe it is not so obvious, the loudest way in which a leader motivates others
As a thinker and an educator, it has been befuddling, as to what is going to be the next generation of ideas, the blossoming entrepreneurs, their start-ups in perspective of a new age economy? Who are these new butterflies straight from the caterpillar stage in the new age of entrepreneurship, entangled withing a contemporary scenario?
Recently, I learned about two very different approaches to managing work-life balance in a work-from-home (WFH) reality. One was by giant German conglomerate Siemens, which has about 380,000 employees. Their philosophy on gauging individual success and effectiveness in WFH is based entirely on outcomes. They don’t care how you get the results, just that you
A hybrid working model won’t be a ‘nice to have’ for organisations once we start to live in a COVID-normal world, it will be an expectation that employees have of senior managers. The pandemic has proven – once and for all – that the technology to enable a workforce in multiple locations works exactly as
If you keep up with the news—and frankly, even if you don’t—you’ve heard plenty about “the great resignation.” New research by Microsoft predicts that more than 40 percent of the global workforce are considering leaving their employers this year. This is an alarming statistic. I’ve spoken with many leaders and we are all grappling with
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