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Recent scandals have exposed some boards of directors as too passive or just out of touch. As a result, companies are facing a mass of new governance requirements. The author, a management consultant, lists the key areas in which boards need to improve to enable them to face the real challenge for directors, which is not to ensure compliance to regulations but to maintain high performance in their companies.
Using the example of a team of engineers that came together from three companies in diverse locations, only once meeting face to face, but was still able to produce a new type of rocket engine in a tenth of the standard time and at considerably lower cost, the authors attempt to describe what makes virtual teams successful.
Alpha males represent about 70% of all senior executives. These are people who are not happy unless they are calling the shots. But their quintessential strengths are also what make them so challenging to work with and is why many of them need a good executive coach. The article describes a coaching approach for this difficult clientele.
Having repeatedly outperformed the competition in quality, productivity, cost reduction and market share growth, Toyota has understandably become one of the most benchmarked companies in the world. The article examines the Toyota Production System and draws conclusions on how it can be replicated else where.
From the HBR Case Study series, this contribution deals with the merger of a British and a German biscuit company. There are signs of a culture clash emerging, with the threat that this could lead to a failure of the deal. Five experts give their views on what management must do to ensure that the merger succeeds.
The article describes the power of storytelling as a leadership tool, reviewing various story forms and giving insight into which types to use depending on the situation.
Many people reading this article will have experienced the disappointment of hiring a “star” from outside, only to see his or her performance disappoint in the new environment. The article tells us why this so often happens.
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