Posts Tagged ‘article’

Leading Change: Why Transformation Efforts Fail

Posted in mba on November 8th, 2009 by Jamie – 1 Comment

Notes on:
Kotter, J. P. (2007). “Leading change: why transformation efforts fail.” Harvard Business Review, January 2007, 96-103

  • Transformation efforts go by many names
    • TQM
    • Reengineering
    • Rightsizing
    • Restructuring
    • Cultural change
    • Turnaround
  • Key general lessons
    • Change involves series of steps. Do not skip the steps!
    • Mistakes in any phase can have devastating effects
  • Errors
    • Lack of urgency
    • No guiding coalition
    • No vision
    • Lack of communication about vision
    • Leaving obstacles for new vision
    • Lack of quick wins
    • Predeclared victory (“Mission Accomplished!”)
    • Lack of anchors for change in culture

Saving the Business Without Losing the Company

Posted in mba on November 6th, 2009 by Jamie – Be the first to comment

Notes on:

Ghosn, C. (2002). “Saving the Business Without Losing the Company.” Harvard Business Review, January 2002, p 37-45.

  • Intro
    • Renault Nissan Merger
    • Ghosn natural candidate
      • Cleaned up failed merger with Volvo
    • Nissan unprofitable for 8 yrs
    • “do-or-die situation” (p 38)
    • retain self-esteem of employees
    • Plan
      • involve Nissan’s own managers
      • Cross-functional teams
      • company culture important
      • develop new culture
  • Breaking with Tradition
    • Historically, product dev lessened to save money
    • No seniority rule
    • Sometimes younger managers suffer
    • New performance-based compensation
    • historically, loose areas of responsibility
      • positions with no responsibility
  • Mobilizing Cross-Functional Teams
    • Dramatic changes
    • Went against some norms of Japanese society
    • Cross-functional teams were primary part of plan
      • Given 3 months to come up with turnaround recommendations
      • Came from company’s middle managers
      • Each CFT had subteams
      • Executive sponsors from different business areas
      • Pilots with frontline experience and credibility with rank and file
      • Challenge to reduce costs by 20%
      • Identified many small changes to reduce costs
      • Nissan Revival Plan, developed by Nissan’s own executives
        • Plan was about braking, and accelerating the company
  • The Importance of Respect
    • Uneasy public
    • Employees trusted Ghosn b/c of respect he showed
    • “careful to protect Nissan’s identity and its dignity as a company” (p 44)
    • Renault did not try to renegotiate terms
    • Nissan’s culture more impt than Japanese culture

Virtuoso Teams

Posted in mba on November 4th, 2009 by Jamie – Be the first to comment

Notes on

 

Fischer, B. & Boynton, A. (2005). Harvard Business Review, July-August 2005, p 116-123

  • Intro p 117
    • Whiz Kids – saved Ford
    • Seymour Cray – first commercial supercomputer
    • Virtuoso teams – composed of elite experts
    • Unique in ambition, intensity,  esprit, results-driven
    • Risks considered high
    • Default mode = mediocrity
    • V-teams use different rules
    • Examples of v-teams accomplished goals and changed business and industry in process
    • collaboration impt for leaders of v-teams
  • Assemble the Stars p 118
    • People who are able are assigned to teams
    • In v-teams, “thinking is more impt than doing” p 119
    • v-team members push each other
    • they love challenge
    • v-teams must be composed of great people
    • Your Show of Shows’ staff greatest comedy staff of all time
      • high-energy contests
      • tension among group members
    • “Nasty tugs-of-war”
  • Build the Group Ego p 119
    • Traditional teams are cooperative
    • v-teams are individual-based
    • v-teams transform into powerful team with shared identity later
    • Kjell Sunde assembled best technical people
      • Goal was to understand and prevent Bloc 34
      • Each technologist was confident
      • Sunde celebrated selected v-team
      • gave access to resources
      • Introduced teamwork pattern
      • Split group into half solving problems
      • transformed into “one great totality” p 120
  • Make Work a Contact Sport p 120
    • traditional teams distant
    • v-teams need physical contact
    • passionate dialogue impt
    • experimentation/rapid-prototyping
    • pressure-cooker
    • dedicated team room
    • informal atmosphere
    • beware intense pressure vis-a-vis project duration
  • Challenging the Customer p 122
    • v-teams believe customers want more
    • West Side Story risky
      • success = vindication
    • Norsk Hydro
      • customers were equity market analysts
      • thoughtful explanations minimized market erosion
  • Herd the Cats p 122
  • traditional team leaders want consensus and compromize
  • v-team leaders must be def and forceful
  • cannot constraint expresiveness
  • must trust talents
  • balance individual attention with demands and timelines of projects
  • be a perfectionist
  • Robbins pushed the WSS cast
  • foster individual and creative freedom
    • contests of ideas
    • exploit time
    • deadline pressure requires focus
  • stamp out mediocrity

Moving Mountains

Posted in mba on November 2nd, 2009 by Jamie – Be the first to comment

Notes on:

Moving Mountains. (2003). Motivating People. Harvard Business Review, January 2003, p 41-47.

Interviews with people about how to motivate others.

  • “Start with the Truth” (p 42)
    • Carly Fiorina, chairman and CEO of HP
  • “Appeal to Greatness” (p 42)
    • Christopher Bangle, BMW global chief of design 
  • “Make them Proud” (p 43)
    • Chauncey Veatch, 2002 National Teacher of the Year
  • “Stick to your values” (p 43)
    • L.M. Banker, Jr., chairman of Wachovia
  • “Be a broken record” (p 44)
    • Robert A. Eckert, chairman and CEO of Mattel
  • “Build Trust” (p 44)
    • Susan Butcher, four-time winner of Iditarod
  • “Encourage Risk” (p 45)
    • Ross J. Pillari, president of BP America
  • “care for the Little Guy” (p 45)
    • Herb Baum, chairman, president, CEO of Dial
  • “Ground without grinding” (p 46)
    • Mario Mazzola, chief development officer at Cisco Systems
  • “Leap First, Ask Later” (p 46)
    • Robert D. Ballard, director of Univ Rhode Island’s Institute for Underwater Archeology
  • “Set Different Incentive Levels” (p 47)
    • Liu Chuanzhi, chairman of Legend Group of Beijing
  • “Work Quickly Through Pain” (p 47)
    • Hank McKinnell, chairman and CEO of Pfizer

What Every Leader Needs to Know About Followers

Posted in mba on October 30th, 2009 by Jamie – Be the first to comment

Notes on:

Kellerman, B. (2007, December). What Every Leader Needs to Know About Followers. Harvard Business Review, December 2007, p 84-91.

  • Modern leadership
    • Stress leaders rather than followers (amorphous)
  • Followers matter!
    • Not obvious who is leader and who is follower
    • New typology for followers
  • Who are followers?
    • “Low in the hierarchy and have less power” (p 86)
    • Free-agents (p 86)
      • Demise of communism
      • Dissolution of corporate oligarchies
    • Knowledge can be more important than position
  • Types of followers
    • Zaleznik – level of dominance, level of activity
    • Kelley – level of independence, level of activity
    • Chaleff – level of leader support
    • Why segment?
      • impose order
      • determine individual motivations within group
  • New Typology
    • Based on engagement level
      • This determines relationship with superiors
    • Provides immediate information for leaders
    • Isolates – don’t know, don’t care
    • Bystanders – know, but don’t care
    • Participants – some engagement
    • Activists – engagement and feelings for leaders/org
    • Die-hards – prepared to give everything
  • Good and Bad Followers
    • Good followers have interests of org over superior
    • Bad followers have interests of self or superior over org