When a corporate policy no longer make sense and is challenged, never respond with, “Well, that’s just the way it is.”
The lessons of Chernobyl for all political and business leaders are the same lessons relearned over and over again after many disasters and scandals. Always face the brutal facts of reality.
For those who are at the start or end of their career and are thinking about what’s next – pursue your passion and what makes you happy.
Addressing these three issues will help business units and your company as a whole be more effective in achieving operational and strategic goals.
Some people judge Trump favorably because he fulfilled some of his campaign promises. I go beyond these and consider more fundamental areas where he has fallen short.
And remember, when you hear from employees that something can’t be done, respond with, “Don’t tell me it can’t be done. Find a way to do it.”
If a large customer represents more than 10% of revenues, the business is exposed to customer concentration risk. So, do the benefits of selling to a such a customer outweigh the risks?
I am often asked, “What should I do to obtain a position on a board?” Build your brand as someone who will provide value and expertise to a company through board membership.
Remember the ABCs of decision-making. Your employees will feel engaged and your organization will achieve better results.
Business leaders face unprecedented challenges as they navigate uncharted waters in this environment of volatility, uncertainty, complexity and ambiguity. How well they do could spell the difference between their company’s survival and demise.
For the past eight years, in my role as Vice Chairman of Drexel University, I have been honored to address in person the graduates of Drexel’s College of Medicine – M.D.s, Ph.D.s and graduates who earned master’s degrees.
If you think that “good” is good enough, you will never become great. In these days of the Covid-19 pandemic, the companies that think they are good enough may not survive.