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Too often, when organizations have their most important standards challenged, they engage in a cost-benefitanalysis to decide whether to defend their core values. A code that’s not enforced quickly becomes a lie that undermines your entire operation. Consequences. Consequences put teeth in a code.
You cannot separate leadership from decisioning, for like it or not, they are inexorably linked. Conduct a Cost/BenefitAnalysis : Do the potential benefits derived from the decision justify the expected costs? What if the costs exceed projections, and the benefits fall short of projections?
Assess : Put the idea through a risk/reward and cost/benefitanalysis. Champion : Senior leadership must champion any new idea being adopted. " Regards, Leadership Freak Dan Rockwell [link] Bob MacNeal Mike, Thanks for this helpful post. Senior leadership must champion any new idea being adopted.
Gioia supported Ford’s decision at the time, based on a plausible cost-benefitanalysis. Yet the flaws in Ford’s analysis are immediately evident to someone properly trained in ethical reasoning. Employees and managers in the autonomy stage are ready for mature leadership. It arrives in mature adulthood, if at all.
29 and the chief operating officer (COO) meets with the production manager about a major shipment of product to a customer. The benefits are higher revenue, greater profits, and bonuses. The costs are largely unknown because it is unclear whether any defects exist and, if so, how they might affect the customer. It is 5 p.m.
Steve, take this money to the CVS at the end of the block and buy us a big battery operated wall clock to put on the wall right there. If you did a cost-benefitanalysis on some of the items on our shelves, you’d see the demand is way too low to make these items profitable,” says owner Gary Meschi. Butch responded.
” Those words are printed on the back cover of Five Frequencies: Leadership Signals that Turn Culture into Competitive Advantage. I followed up with the authors to learn more about their leadership philosophy. There’s nothing wrong with operating out of self-interest. 5 Leadership Frequencies. What Leaders Tolerate.
Cutting costs is the oft-repeated phrase that companies are using to meet the downturn in the economy and the declining revenues and sales. For most, cost-cutting translates to job cuts in the organization. But there are other ways to tighten the belt and do operational budgeting. Retain Talent.
We believe the strength of any team is in the followers and there can be no leaders without followers, but the vast majority of research to date has focused on the leadership side of this equation. It is worth keeping in mind that some jobs have clear leadership requirements; virtually all jobs have followership requirements.
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