Nothing happens suddenly. Corporate crises appear to erupt without warning. Leaders seem to be caught off guard. But the origins of a disaster are often plain to see for those who knew where to look. More likely, managers will have just hoped it wouldn’t blow up while they were around.
Amazon’s Jeff Bezos has found a way to make executives think harder for longer in meetings. He makes his executives write down what they have figured out in several pages of clear prose which is read in silence at the start of a meeting.
Davos week is a time for brash statements and big predictions, and no more so than when discussing technology. However, with the visionary talk now over, Stefan Stern warns managers to deal in realities not futuristic fantasies.
In addition to their standard economic objectives, entrepreneurs in the world’s most advanced societies have also begun to pursue social and environmental value. Achieving professional goals is no longer enough: some business owners are seeking mutual benefit and trying to solve problems in their communities. Female entrepreneurs play a central role in this culture.
Authenticity is not always a desirable trait in a manager, especially if their natural behaviour is unpleasant. Managers need to adopt different styles for different situations, says Stefan Stern.