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Sunday 28 April 2013

Eight Secrets of Successful CEOs

Secret 5: Be an Optimist
When you are the CEO, you face good times and bad, and you must balance reality with hope. A hallmark of leadership is optimism. The CEO must see and talk about what’s possible. When Bill Ford Jr. ousted CEO Jacques Nasser at Ford Motor Company in 2001, the company was losing billions of dollars. Morale was low, Ford Motor was getting hammered about quality, and speculation about Ford Jr.’s commitment to run the company surfaced in the press and within the industry. 
        At a news conference in June 2003 to announce quarterly earnings, reporters were still hammering away at the weaknesses in Ford Motor Company, but Ford Jr. responded to each question with optimism. “We are back on firm footing,” he said. “I feel good about where we are today and where we are headed.

      I am very fired up about the results we are seeing and the products we have coming.” In fact, within twenty months, Ford had turned the company around and booked an $896 million profit in the first quarter alone. Ford Jr. also addressed questions about his commitment to Ford Motor. “This reluctant CEO stuff is for the birds,” he said. “It’s a privilege and an honor to run this company. There is nothing I would rather be doing.” When Ford Jr. drove away after the news conference, the usual protesters
weren’t there to greet him. This time, several dozen supporters instead gathered around his Lincoln Navigator. One fan shouted, “Keep up the good work!”

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Friday 26 April 2013

Career Counseling



Basic Resume Tips, Organization and Writing Techniques With Examples
By Julie Welch
Successful Interviewing:What Candidates Need to Know
By Jeff Lipschultz, Founding Partner, A-List Solutions



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Eight Secrets of Successful CEOs and Leaders Who Speak Well

Secret 3: Keep It Simple
One problem with many speeches is that they try to do too much. Your message must be simple and straightforward to be remembered. Roger Marino, founder of the high-tech giant EMC, grew up in a working-class neighborhood on Boston’s north shore and got his electrical engineering degree from a co-op school, Northeastern University. Yet, Marino was a salesman at heart. EMC sold one of the least sexy products or services you can imagine—storage systems for computer information— but he and his two partners built a company that went on to dominate the industry. Eight Secrets of Successful CEOs and Leaders Who Speak Well • 19 Marino learned early on how important communication is in business— particularly when it comes to keeping things simple. “When I was in college and I would see one of these engineering professors talking, if I didn’t get what they were talking about, it was annoying,” he said. “I couldn’t figure out why other people thought a professor who couldn’t explain things was so brilliant.” Marino considered the brilliant professors to be the ones who could actually communicate the ideas in ways people could understand. “Communication is everything,” he said. “You really have to hammer a message
home.” Taking his lessons learned in college to the business world, Marino considers the simple message his strength. Keeping it simple is how he keeps people interested and absorbed in the subject at hand—no matter what it is. “I can teach golf or tennis precisely because I don’t have natural ability. I just explain the steps,” he said. “A CEO has to do the same thing: take people from A to B to C.”


Secret 4: Be a Straight Shooter

Our survey on communication, discussed in the previous chapter, found that the number one quality that people want in a leader is honesty and integrity. To speak like a CEO, you must have a message that rings true. Audiences want a leader to be more than a good speaker; they want a leader to tell them the truth, no matter what. Senator John McCain is a straight shooter in politics, where that trait is especially rare. Political leaders have to win votes. They have to please everyone. This tends to keep them from taking a stand. McCain says what he thinks; he doesn’t mince words, no matter the consequences. Once in a while, he has succumbed to political pressure, but it doesn’t happen often.
         The fact that he is a straight shooter helped him during his brief campaign for president in 2000. He told reporters something that wasn’t true—that he respected South Carolina’s decision to fly the Confederate flag over its statehouse. Later, he explained, “I feared that if I answered honestly, I could not win the South Carolina primary. So, I 20 • Speak like a CEO chose to compromise my principles. I broke my promise to always tell the truth.” McCain had a reputation for telling the truth, so people accepted his apology. This is important for leaders to know. People will accept when you make a mistake. They will not accept the perpetuation of the lie. Every CEO should know that honesty is the secret to winning trust and being a real leader. A reputation for honesty can take you all the way to the top. Sallie Krawcheck was appointed CEO of Citigroup after the corporate scandals that hurt so many businesses in 2001. Citigroup needed to prove its independence, so it shunned big-league brokerage experience and named Krawcheck for her honest reputation, which she had earned at the independent, boutique investment-research firm Sanford C. Bernstein, first as a top analyst and later as CEO. Krawcheck had actually been dubbed “the Straight Shooter” by Money magazine, and Fortune magazine’s headline about her had said, “In Search of the Last Honest Analyst.”

Wednesday 24 April 2013

Eight Secrets of Successful CEOs and Leaders Who Speak Well


“To speak, and to speak well, are two things. A fool may talk, but a wise man speaks.” Ben Jonson,

   

When it comes to public speaking, speakers must technically speak well, but they must also have substance. They must look and sound like leaders—especially if they’re CEOs and executives. Your first focus must be content. Technical skill alone is not enough. 
    Your first concern should be what you say and then how you can make it clear and compelling. The leaders cited in this chapter provide some guidance on powerful messages. Message is the foundation. Without that, you’re just a speaker, not a leader.



Secret 1: Talk About Big Ideas
“He can compress the most words into the smallest ideas of any man I ever met.” Every speech, presentation, or other communication needs one big idea. A big idea is all that most people can remember. A big idea has a life of its own. And it doesn’t require a big speech. It’s big because of its power, not its length.
Abraham Lincoln’s Gettysburg Address is 271 words, and it’s one of the best speeches ever given. Back on that day in 1863, the crowd hadn’t even come to hear President Lincoln; they were there to listen to the country’s most famous orator, Edward Everett, who talked for two hours. When Lincoln got up, he gave the address in three minutes. But in three minutes, there was one big idea. He persuaded the nation to fight on. In
Appendix E, you can read the speech.
No one likes long speeches. Personally, I never like it when I’m asked to give a forty-five-minute keynote—it’s too long! Short speeches, big ideas—that’s the secret. Another example of a big idea is President Kennedy’s 1961 speech that inspired the United States to put a man on the moon. At the time, the country had fallen behind the Soviet Union in the space race and had made only a few successful manned flights.
Kennedy said we would go to the moon, and we did—we landed beforethe decade was out.

Secret 2: Speak in the Moment

No one likes a canned speech. Canned speeches turn people off. You must talk to people about what is happening in the moment. “If you think about the usual setting,” said one CEO, “you have an audience sitting
there saying, ‘Who is this person and why is he talking?’ That’s not a great 18 • Speak like a CEO
setting to start with. It appears somewhat adversarial.” Your message must be about them and about what’s happening in the moment in order to win over an audience that isn’t sure it even wants to listen. Arnold Zetcher, president and CEO of Talbots, was being honored by the National Retail Federation a few months after the tragedy of September 11, 2001. He knew this particular speech had to be different from the others he had given. He said, “The first draft was a basic acceptance speech, and then we thought, ‘Wait a minute, we need to talk about what people are thinking. We need to talk about something bigger. It has to be about the country.’ ” Zetcher and his team revamped the whole speech, and it was one of the best he had ever given. When Sovereign Bank was opening its offices in New England, there was a lot of doubt about whether the company could compete with the other banks in the region. Chairman and CEO John Hamill called a meeting of all five hundred employees to erase this doubt. “I decided the only thing I could do was face the questions head on,” he said. “The meeting had to deal with what was on their minds, then and there.” He talked about why he had joined the bank and why he believed in his heart they would succeed. “Confronting the doubt made it work,” he said. “When you are in touch with what people are thinking in that moment, you can confront it and clean it out to get them ready to hear the important message.”

Tuesday 23 April 2013

The Ethics of CEO Leadership: The Message of John Wooden (1910-2010)

Newspapers across the country today are honoring the life of legendary UCLA basketball coach John Wooden who died yesterday. The outpouring of praise might seem unusual given his long life (99) years and the many tributes already paid while he was alive to experience them. He also retired 35 years ago as a college coach, rather than a world leader, so what creates his staying power in the hearts of so many who never met him, let alone the men he coached, only some of whom went on to become sports legends?
In addition to all the other possible reasons, I think it is because 60 years ago he created a philosophy that he called his “Pyramid of Success” which speaks to athletes as well as CEOs about how to dominate in one’s field and achieve maximum results. It a formula for leadership that is aligned with current trends called “authentic leadership.” Wooden’s approach was grounded in a player’s developing himself as a person. The 15 building blocks create a framework that unites ethics and emotional intelligence with mental and physical conditioning, skill, and competitive greatness.

Wooden, both a student and teacher of wisdom, said of character and reputation: “Be more concerned with your character than your reputation, because your character is what you really are; your reputation is merely what others think you are.”

 Think about the parade we’ve had the last few months of CEOs from companies with huge reputation issues called before Congressional committees to explain what went wrong, why harm was caused, how public trust was lost. Consider the hearings on huge oil profits and high oil prices, health insurers, Akio Toyoda testifying on unintended acceleration, (Toyota), Richard Fuld on the collapse of Lehman, Lloyd Blankfein on Goldman Sachs’ priority on customers, Don Blankenship on mine safety, (Massey Energy mine disaster) and Lamar McKay and others on BP’s oil spill not being the company’s fault (BP America) to name a few. Still to be heard from is CEO William Weldon asked to explain Johnson & Johnson’s series of recalls and how the company has handled them.
What is there about Wooden’s Pyramid of Success that offers CEOs outstanding executive coaching?  The pyramid takes the hallmark driven behavior of achievers and blends it with values that create a context for actions. Wooden won 10 national titles. He inspired loyalty and consistent and outstanding performance. He tapped into what his players could be inspired to do to achieve their potential.
“Ability,” he said, “may get you to the top, but it takes character to keep you there.”
The ethical leadership lessons for the court fit very well in the board room.

Defining Authentic Leadership Style

What makes a leader authentic? Authenticity is something true. In a person, it’s someone who is as he or she appears to be. This requires a degree of openness. You have to be willing to reveal something of yourself. One vice president admires her CEO because “he’s willing to open up to people.” The importance of this is simple, she said. “His being open makes people feel they can trust him.”

Developing Your Unique Voice
A senior-level bank vice president was getting frequent requests to speak, but she often said no, because she was too busy. She hated to write speeches, resented the time investment, and never felt she delivered them
well. She felt she was reciting lines from a marketing brochure. She never really felt that the words were coming from her. One day, she was invited to speak at a worldwide conference—an incredible opportunity—and she knew that a standard speech with the old “marketing” messages wasn’t going to fly
with this crowd. She hired my company as her coach, and we went to work bringing her unique voice to the presentation. As we talked, she told me stories about people who had inspired her to succeed. She also told me story after story of successful women entrepreneurs who had received help from her bank, overcome the odds, and succeeded in business. Together we turned those reflections into powerful messages for her audience.
      The result was not only a good speech but also an experience of a lifetime. She soon began to receive invitations to speak at other prestigious events. Suddenly, she was in a highly visible position in her industry. Her authentic voice had emerged, and there was no turning back. She raised the visibility of her division, met people from all over the world, and enjoyed her work until she left to start her own consulting business. She was able to make that choice because of the visibility and recognition that public speaking provided her. Speaking well opens doors. Speaking well gives you options. It creates opportunities. It takes you where you want to go. Through the What It Means to Speak like a CEO (the Ones You Really Admire) • 11 proven techniques in this book, you’ll learn how to use your communication skills to achieve your dreams, too.

Why You Must Speak Well: The Spotlight Is Always on You

The CEO of a firm with four hundred employees and $430 million in revenue confided to me, “It would be nice to be invisible once in a while.” Unfortunately, you cannot wish the spotlight away. When you’re the CEO, you are in it 24-7. Somebody is always watching. “It’s not just public speaking,” the CEO explained. “It is body language, every minute of every day. If I walk around moping, they don’t think something is wrong with me; they think something is wrong with the company.” He continued, “I have learned not to mope. It doesn’t mean you’re not real with people. You have to be real. But you have to remember it’s not just about you.”

Nationwide Survey: Leaders and Communication
Bates Communications wanted to understand more about the authentic leader, so, in 2004, we conducted a study on how bosses communicate. The online survey of 293 professionals revealed that people were disappointed. Most participants said their bosses didn’t communicate well, even though they indicated that communication is one of the most important skills a boss can have.

         We asked participants to rate their bosses on ten dimensions of leadership and to discuss their communication styles. We also asked about authenticity and leadership. We gave them an opportunity to answer both multiple-choice and open-ended questions. The results show how important communication is in the workplace. Only 29 percent of participants working in professional services firms, corporations, and private companies said there were enough articulate voices of leadership in their organizations. Yet, more than 90 percent said communication is a critical dimension of leadership. There is What It Means to Speak like a CEO (the Ones You Really Admire) • 5 a disconnect between the kind of leadership that organizations have and what they need. The bottom line for bosses: it’s time to learn to communicate more effectively.

Monday 22 April 2013

The Cost of Poor Communication Two

Honesty/Integrity. People who mentioned integrity referred to both business dealings and personal interactions. The words used to frame this concept were honesty, integrity, ethics, fairness, candor, sincerity, trustworthiness, and truthfulness—qualities that bosses must communicate through what they say and do.
Vision. Good leaders should have a vision for the organization, be able to articulate it, and inspire action. Vision was near the top of the list of leadership dimensions mentioned by respondents. It is not enough to be
able to manage projects or people; authentic leadership entails the ability to visualize the future and effectively communicate that vision to others. Those who aspire to lead should take note. 
You can stay in middle management forever without this skill set. You will rise to the top if you
can see the big picture and help others see it too.

Listening. This dimension includes several ways in which bosses should listen. They should be approachable and open to suggestions, open-minded, flexible, and willing to listen to everyone’s ideas and feedback. Participants said seeking other points of view and actively listening to what others say are also critical.
Giving Feedback. What people most often mentioned in this category is the importance of giving credit where credit is due, including public praise for a job well done. Also high on the list was offering positive feedback when deserved and valuing employees’ contributions. Feedback is not just a once-a-year process you build into your calendar. Regular, constructive feedback is essential to developing rapport, winning trust, and being seen as an authentic leader.
Emotional Intelligence. Emotional intelligence can be interpreted as the ability to communicate empathy and compassion, treat people well, and relate to them on a human level. Your demeanor counts: having a positive attitude and remaining calm under pressure send important signals through the organization. Emotional intelligence also means obvious passion for the work, a demonstrated commitment to the organization’s success, and appreciation for those who make it happen. Authentic leaders use their emotional intelligence to connect and have genuine professional relationships.
Clarity. Clarity is a major theme here. People focus on your ability to articulate ideas and communicate clearly and convincingly with people at all levels. If the message is unclear, the team will not know how to do
the things leaders ask. Confusion dilutes effort, and desired results are diminished. Without clarity, no one views a leader as authentic.

The Cost of Poor Communication

What happens to bosses who don’t learn to communicate well? Their employees do not trust what they say and seek information elsewhere. Only about half of the people surveyed said that they learn what’s going
on with the boss by listening to what he or she says. The rest “watch” body language, listen to tone of voice, or go so far as to ask somebody else in the organization.

How do you generally tell what’s going on with your boss?
52.2% By listening to what he or she says
32.8% By observing his or her face, body language, and tone of voice
15.0% By talking with other people about what they think


What makes an authentic leader? The survey asked two open-ended questions. Bates Communications categorized the respondents’ answers into ten key dimensions of leadership. The number one quality that
authentic leaders conveyed was honesty/integrity. Since these were opened responses, we treated them as qualitative data, but each of the dimensions was mentioned by dozens of respondents. Integrity in some
form was mentioned by well over half. Here is the leadership value system articulated by the survey’s 293
respondents, in roughly descending order: