When Bold Strategy Becomes a Bet You Can’t Afford to Lose
Honda just announced its first net loss since listing on the Tokyo Stock Exchange in 1957. The company cancelled three EV models it had been engineering for years — the Honda 0 SUV, the Honda 0 Saloon, and the Acura RSX — writing off up to ¥2.5 trillion in assets and supplier commitments in a single fiscal year.
That fact alone is worth sitting with. This is not a story about a company that failed to try.
It is a story about the difference between boldness and prudence — and what happens when a business has the first without the second.
Incentive Pay Doesn’t Work
If I offered you more money for results, would you change anything that you are doing now? I have asked this very question to numerous successful CEOs, and invariably the answer is no. I suspect yours is as well.
The Secret to Persuasive Strategy
All senior level executives and managers are asked to develop and present a strategy, whether global strategy, regional strategy, or simply strategy for a team or department they oversee. Many managers create long slide presentations with lots of data to justify why their strategy is right. However, the most persuasive managers talk about all the […]
Feedback is Not Always a Gift
Unsolicited feedback is meant only for the benefit of the person who gives it and never for the person to whom it is given. I pay it no heed. Neither should you.
The Best Educate Themselves
“I am reading every book by Peter Drucker I can get my hands on.” That’s what Tsukuba International School Principal, Shaney Crawford, said to me nearly nine years ago. Never before, nor since, has any salaried manager or company CEO ever told me anything even remotely similar even though this is precisely the type of […]
Problem with Engagement Surveys
Engagement surveys mask both organizational dysfunction and organizational health. If you are using their results to make decisions, you are at risk of making the wrong ones.
Blindsided by Business Development
It is not uncommon for a CEO not to know exactly how his or her sales and business development people routinely behave in front of real customers and prospects without observing them in action. I recently learned of how one CEO was blindsided when he did just that.
Excellence, Not Diversity
If you are a business leader pursuing diversity, you are chasing the wrong goal. It is not diversity that matters, but rather excellence that counts. Diversity of people is merely a natural result.
No Tradition in Mediocrity
If you have ever heard someone use the adjectives traditional Japanese to describe an uninspiring manager, the moniker is only half-true. Only by replacing the word traditional with mediocre can you accurately reflect reality. There is nothing traditional about mediocrity in Japan, just as anywhere else in the world.
Not Invented Here
“Not invented here” syndrome is not unique to Japan and is one of the most common forms of passive resistance to any reasonable organizational improvement or change in organizations everywhere in the world. Make no mistake, those who warn of the dangers of “not invented here” pretend to be doing so in the best interest […]
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