Showing posts with label profitability. Show all posts
Showing posts with label profitability. Show all posts

Tuesday, September 4, 2012

Apple vs Samsung - Ethics

In the last two postings, Samsung has regretfully been a topic about poor Customer Service. The court decision in California upheld Apple's case about copying, indicating additional possible company culture issues? All of this is not a good use of company money by fighting in court (which directly affects profitability and brand image),....but it seems to be part of our litigious nature. What ever happened to the hand shake and person's word being their bond?

Sadly, not for many years now.

Ethics seems to stem from parental values, country values, educational reinforcement or lack there of, core values espoused by the company and reiterated/communicated in employee handbooks and demonstrated over many years, Leadership, and Senior Management values.

Do you agree?



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Monday, December 12, 2011

Talent and Skills Shortages Number One Risk in Asia Pacific and 4 Other Risks

In the earlier post about Corporate Risks ( Global Risks to Consider and Recent Analysis by Lloyd's- Has Your Company Considered These? ) that need to be considered. It was identified that Lloyd's had ranked these Global Risks, but they also identified Regional Risks. The  image below came from the report that they assembled for 2011. It is very interesting that Talent and Skills is the Number One Risk for Asia Pacific, given the unemployment rate and educational levels in the region and the flood of youth coming up.

So, CEOs and Senior Managers need to seriously consider this, not only if they are planning to expand in the region, but also if new entries (start-ups) are being planned. It will require expert Succession Planning and Strategic Planning efforts to address this risk issue and the others identified, as well as Coaching, Mentoring, Training and Team Development for key corporate members to help fill this gap.

The BPO industry in the Philippines, identified several years ago, that while the industry could do a good job of hiring and filling entry level positions, when they promoted effective call agents, for example, these people did not have the managerial skills to handle a "Front-Line Manager" position. In many instances they were promoted to their level of "incompetence." So the bottle-neck to growth was not having identified and trained potential new managers soon enough to handle the high influx of new candidates for entry level positions.

Consequently, they changed their processes in Pre-Hire to identify 5-10% of the people considered for the entry level position(s), who had the right IQ and EQ to fit into their organizations, and who had good "job fit" with the Benchmarks/Job Pattern /Performance Modeling for not only the entry level position (significantly reducing turnover), but also for the Front-Line Manager position. They would "mark/follow" these people by observation and possible early training to assume the higher level position. This experience was possibly the early warning signs that Lloyd's seems to be now reflecting in their study, now.

For the Asia Pacific Region, Lloyd's identified the following 5 areas of major risks to be considered or addressed:
    1) Talent and Skills shortages
    2) Currency fluctuations
    3) Inflation
    4) Loss of Customers/Cancelled Orders
    5) Company Reputation Risk

As also highlighted in the area: CEO, Senior Manager, Leadership, Strategic Planning and Charisma , it is essential that CEOs, Senior Managers, and Corporate HR Managers identify at least 3-5% potential Leaders within each level of the organization (bench strength) in order to help address sustainability for the corporation. Without bench strength, just like for a sports team, while the top players are available and not injured, the team does well; but without the organizational depth and strength, it can result in high fluctuations in corporate performance over time.

The question remains: How Well Positioned Is Your Company for the Upcoming Forecasted Risks within the Region - Presently and for the ensuing 5-10 years? The future and investments are yours to make to position the company for growth and profitability! To ignore these risks could be at the peril of the corporation and organization.


Risks - Then and now: what has changed?

Monday, November 7, 2011

Charisma can be Taught and Learned

In an earlier posting concerning a presentation I gave at the HR Training Congress in August, entitled:


Linking People, Strategy and Performance to Engagement and Training: "Revolutionary Research from Global Corporations"

Profiles International (PI) identified in new research in January 2011, and published in a book found on Amazon.com, entitled "Leadership Charisma", that Charisma, and Leadership Charisma in particular, is behavior based. Thus it is learn-able, can be coached, developed, and it can be trained. This is also supported and discussed by a recent article by Jessica Stillman entitled: "Charm 101: Charisma can be Taught". (The article can be found below).


PI's research was based on over 40,000 Managers and 400,000 employees world-wide, and it seems that more people and companies are becoming convinced of this fact, which before had only been debated without hard facts and research.

Why is Charisma important? Because Charismatic Leaders have been documented in numerous studies in the past, to have companies and teams that deliver even higher profitability and even more extraordinary products, than those with just good Leadership. This is accomplished through heightened "engagement".

Therefore, there is a cost benefit to hiring, or even more so now, developing and/or training managers to not only be good Leaders, but to become Charismatic Leaders. The ROI will easily justify training costs to develop Leadership Charisma in Managers!

So what are you and your HR team waiting for? Isn't it best to start now in developing even more effective Leaders especially grooming potential CEOs and Senior Executives? The choice is yours, but it is no longer a point to debate, but only a point to implement.

Charm 101: Charisma Can Be Taught

By Jessica Stillman
(MoneyWatch)  With the death of Steve Jobs, the media's attention has turned to his legacy as a business leader and his ability to inspire teams to create extraordinary products. The man, in short, may have been prickly but he was also extremely charismatic.

Where does that ability to spellbind others to your cause come from? His biographer plumbed Jobs' past for answers, but recently psychologists took a more hands-on approach to the origins of charisma, testing whether this elusive and valuable quality can be explicitly taught.

Turns out, the answer appears to be yes. Researchers out of the University of Lausanne in Switzerland decided to see if charisma boot camp would be effective, conducting 360-degree evaluations of 34 managers and then sending them to a three-month charisma training course where they learned what the researchers dubbed CLTs or charismatic leader tactics. These include verbal techniques such as:
  • Framing through metaphor
  • Stories and anecdotes
  • Demonstrating moral conviction
  • Sharing the sentiments of the collective
  • Setting high expectations
  • Communicating confidence
  • Using rhetorical devices such as contrasts, lists, and rhetorical questions
Body language, facial expression and using an animated tone of voice were also covered. The results, recently published in The Academy of Management Learning and Education, show that these charisma classes worked. "Managers who underwent training saw their charisma ratings significantly grow, relative to those who didn't," according to reports in BPS Occupational Digest.

To double check the results, the researchers also asked 41 MBA students to give the same speech before and after undergoing charisma training. After learning to master their CLTs, the MBA candidates were rated more trustworthy, competent, influential, and moving when they gave their speech.

There are caveats for potential student of charisma. The researchers warn that a significant time commitment is need to improve charisma -- remember their course lasted three months, not a matter of hours. And it's also likely that when a student starts actively attempting to become more charismatic, their performance may get worse before it gets better as their attempts to appear charismatic often come off as stilted and stereotypical at first, leading to more laughs than loyalty.

Still, for the charisma challenged, the research shows that more traits that we think of as inborn are actually teachable. That's good news for those who need to be more charismatic to advance in their careers and perhaps also a call to action for others who have given up on gaining leadership skills because they thought they simply lacked the knack.

Thursday, July 28, 2011

Analyze, Decide, Lead says Columbia's Business Dean

It is interesting that even Columbia's Business School is talking about "...weaving topics such as decision-making and ethics into classes across all disciplines." Assessments can help along these lines, and in pre-hire, ethics can be assessed, and of course a good background check will help validate the results.

Both good decision-making and ethics can help drive engagement  in an organization. The reverse can have detrimental effects on an organization's engagement from entry level, to Front-Line managers and to all management levels in an organization. This effects motivation, morale, and indirectly profitability and retention.It is the responsibility of HR and Senior Management to ensure that people with good ethics and with good common sense/decision-making abilities, are brought into the organization, as this helps to increase the asset value of the company, short and especially long term.

The question is, is your organization and HR focused on these issues, from Pre-Hire, On-Boarding, Training and Promotion? Don't you think that they should be? Shouldn't they be part of your Core Values? The decisions made today lead to the sustainability over time.

http://online.wsj.com/article/SB10001424052702303365804576429974256934518.html

Saturday, July 9, 2011

Objective of this blog

The objective of this blog is to provide CEOs, Senior Executives and Human Resource (HR) Managers, ideas and methods to increase: engagement, productivity, retention, and profitability for organizations and  their employees. These can apply most times to Non-Profit organizations also.

This blog is based on 35+ years with Fortune 100, and SME's (both public and private), as well as Turnaround and Change Management experience, actual present-day field observations and data, as well as current research, published and unpublished.