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In this time of unrest and change, the role of Emotional Intelligence (EI) in leadership has emerged as the critical skill set for leaders. Having watched the corporate leadership landscape for over 25 years now, I am relieved to see EI getting the attention it deserves! But you can use your leadership to begin the healing process.
However, a company’s biggest expense doesn’t show on a P&L, at least not directly. It has to be the responsibility of every single department: human resources, training, marketing, support, sales, IT, finance, operations and, most importantly, leadership.
I've written about the rising significance of soft skills, including in the March 2011 issue of HBR (coauthored with Kevin L. The CIO has to know what's going on in finance and marketing, for instance, and P&L experience is important even for support functions like human resources. You have to be constantly learning.
Two decades ago, organizations were designed around stand-alone business units, so all managers had to understand finance, technology, manufacturing, sales, marketing, strategy, human resources, and more. To get this broad exposure, managers were given a variety of functional roles, eventually assuming leadership for a small business unit.
There are many moving parts in people's career decisions — family, the economy, finances — and you may simply not know what the next five years holds. Saying you want P&L responsibility in five years when you have no such ambitions may land you the job, but ultimately will you be happy? If you don't know, admit it.
Any standing meeting, whether it’s of a departmental leadership team, a cross-functional group owning a process like innovation or talent management, or a task force managing a six-month transition to a new technology, should be designed and linked to a broader governance plan.
L EADERSHIP development is a lifelong process. Great Leaders Have No Rules : Contrarian Leadership Principles to Transform Your Team and Business by Kevin Kruse (Rodale Books, 2019) Kevin Kruse debunks popular wisdom with ten contrarian principles for better, faster, easier leadership. Blog Post ). Blog Post ). Blog Post ).
To have the influence to help set business strategy for the company, CMOs need to translate customer insights into terms meaningful to senior leadership. To stitch it all together meaningfully, CMOs are increasingly expected to act as general managers with P&L or shared/shadow P&L responsibility that drive revenue growth.
More than 25 years ago, William Sahlman wrote the HBR article “Why Sane People Shouldn’t Serve on Public Boards,” in which he compared serving on a board to driving without a seatbelt, that it was just too risky—to their time, reputations, and finances—for too little reward. ” Similarly, Sempra CEO Debra L.
For years I've been working on helping companies to see how work, home, community, and self (mind, body, and spirit) can be mutually reinforcing; this is the "four-way wins" approach I describe in Total Leadership. David is a VP who is accountable for a multi-billion dollar P & L business. Alan is a VP located on the West coast.
If you''ve got a genuinely creative idea — or even a " me, too with a twist " — Kickstarter''s "crowd funding" platform offers a genuinely innovative way to finance creativity and innovation. But what if a slice or sliver of people''s compensation was denominated for Kickstarter-esque discretionary financing?
Companies now understand the impact of diversifying their talent pool, especially in leadership roles. o Make sure your position has P&L responsibility. The recommendation from Harvard Business Review and Catalyst is for organizations to adopt formal sponsorship programs similar to IBM Europe.
L EADERSHIP is a broad term, and it applies to those who you might not have a positive perception of — including mobsters. We discovered through a rigorous analysis applying 70 years of Nobel-prize winning economics that Mobsters have leadership teams and structures that enable their success despite continuous efforts to disrupt them.
If everyone on the leadership team has an advanced degree and you don’t, it may be an uphill battle to convince them of your merits. Formal degree programs excel at general education: an MBA, for instance, gives you a little bit of everything you might need as a leader, from finance to marketing to operations.
My acronym for BUSINESS : B ig-picture U nderstanding S ymbiosis I n N omenclature, E conomics, S ystems, and S ervices WORK : W indows of O pportunity, R equiring K now-how My acronym for GOALS : G etting O rganized A llowing L ifeblood S ystems G rowth O pportunities A nd L egacy S upport THINK : T o H ave I deas, N ew K eys FAILURE : F inding A (..)
Before starting as CFO, I repeatedly scanned through my leadership qualities, considering how I would present myself to my new colleagues. After serving in a variety of leadership roles over the last two decades, I still have a lot to learn. In my experience, the myriad of leadership characteristics can be boiled down to the Qs.
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