Thursday, October 28, 2010

The Cry for Change

What are you doing to change?

“The irony of entrepreneurial leadership is that the very behaviors and habit patterns that lead to success at one stage of growth can contribute to failure in the next stage.”
- Katherine Catlin & Jana Mathews “Leading At The Speed of Growth”

“To go from good to great requires a deep understanding of three intersecting circles translated into a simple ‘Hedgehog Concept.’ Foxes pursue many ends at the same time. Hedgehogs, on the other hand, simplify a complex world into a single organizing idea, a basic concept that unifies and guides everything. Good-to-great companies were all hedgehogs, focusing on one big thing.”

- Jim Collins, Good to Great

The Top 3 Concerns in Today’s Economy

1. Low employee engagement and low productivity 34%
2. Losing top performers 26%

3. Leadership gaps 18%

- Taleo Research

“On average, employees waste 1.44 hours each day on nonproductive activities.”
- Joseph Carroll, Gallup News Service
A study of 3200 companies found a 10% increase in capital expenditures led to only a 3.8% increase in productivity. However, a 10% increase in training and development spending led to an 8.5% increase in productivity.
- Robert Zemsky & Susan Shaman University of Pennsylvania

“A survey of 3000 leaders found that only 4% believed they possessed the necessary mindset or skills to lead the virtual corporations of the 21st century.”
- Economist

“In 5 years, 50% of all executives will retire. The need has never been more urgent to develop key talent and to recognize leadership potential at every level of the organization.”
- Korn Ferry International

"Four out of five companies do not have enough talented leaders to pursue their current or future business opportunities."
- McKinsey
Now if businesses only had a place to turn for help... :)