“With total liabilities of more than $2 billion (Rs.11,100 crore), Kingfisher is operating on a skeleton schedule, with its flying fleet cut to one-fourth, half its pilots gone and the lowest market share of any airline in India. Earlier this month, the airline reported its net loss had widened to Rs.650.78 crore for the quarter […]
Read More“There are three classic models of leadership: the first is “autocratic leadership” where the leader manages to get somewhere but doesn’t take people with them, for example Margaret Thatcher. Then there is “charismatic leadership” where the leader takes everyone with him but doesn’t actually get anywhere, Tony Blair being a good example. Finally there’s the […]
Read MoreTravel is great for a variety of reasons. One of the most important is the possibility of serendipitously coming across something you might not otherwise have seen. This happened to me recently when I opened a magazine on an airplane to find the following: “There was this one instance when a woman in her early […]
Read More“We need to be able to trust pharmaceutical companies. We expect banks to be run and populated by honest people, to keep our money safe, and to give us our money back when we need it. We want oil companies to have a strong culture of engineering professionalism and commitment to health and safety. If […]
Read More“I remember a time in the middle of 1985…I was in my office with Intel’s chairman and CEO, Gordon Moore, and we were discussing our quandary. Our mood was downbeat. I looked out the window at the Ferris wheel of the Great America amusement park revolving in the distance, then I turned to back to […]
Read MoreDo you want to know how to spot a good leader? Here’s a simple test: Good leaders spend more time looking out of windows than into mirrors. Let me explain. Good leaders are insatiably curious about the world. They are always interested in what’s going on, in how things work, in what’s changing and what’s […]
Read MoreIs there a job in the world more difficult than succeeding Steve Jobs? Tim Cook had to take on that role after the legendary Apple CEO succumbed to cancer last year. Imagine yourself in his shoes: taking over from the man who almost singlehandedly created the world’s most valuable company; a master showman lauded and […]
Read More“The corporate world is emerging from several weeks of boardroom turbulence dubbed the “Shareholder Spring.” In annual meeting after annual meeting around the world, boards have been taken to task by investors and other stakeholders on a wide range of issues: remuneration, board composition, competence, diversity, voting control, dual stock, and more. In the meantime, […]
Read MoreBack in 2003, we thought we had put the era of truly horrible state corporations behind us. The new government of the day, swept into power in a massive rejection of the failures and excesses of the 1990s, promised to reform the public sector and revitalize all of Kenya’s dead or dying parastatals. A good […]
Read More“Pep Guardiola has defended Lionel Messi after his penalty miss as good as cost Barcelona a place in the Champions League final. Messi has enjoyed an extraordinary run of form in the past four seasons, scoring 63 goals in all competitions this season alone. However, he failed to find the net in either leg of […]
Read More“Our strategy requires time to play out. It is a strategy designed to build sustainable long-term value for our constituents, beginning with serving our customers best. The performance metrics that matter to us are not the typical Wall Street trailing financial output indicators. Instead, they are the metrics that reflect industry thought leadership, high customer […]
Read MoreIf you attend a corporate retreat in Kenya, you just know what you’re going to do during the outdoor dinner, don’t you? After sufficient alcohol has been imbibed and inhibitions have been sufficiently loosened, you will undoubtedly do a “Mugiithi” dance. This is where you form a human train with the leader at the front, […]
Read More“A tumultuous 12 months that saw revolutions in the Middle East, a worsening debt crisis in Europe and a tsunami in Japan has set the tone for corporate activity in 2012. Caution, flexibility, nimbleness and deep knowledge of host countries are more important than ever, executives and their advisers said at the World Economic Forum’s […]
Read More“As I jogged down Wall Street in New York in October through the barricades, police horses, and thousands of activists, something became clear. The masses had self-organized and social media had added yet another social movement to its résumé. At the same time, something else became clear to me. Much higher than street level, in […]
Read More“The Italian cruise ship the Costa Concordia sank off the coast of Tuscany last Friday night, after smashing into rocks off the island of Giglio. The 114,500-tonne vessel, carrying 3,200 passengers and 1,000 crew, hit a submerged reef at 9.42pm, after the ship’s captain, Francesco Schettino, had steered it to within 200m of shore to […]
Read MoreLooking at Apple’s fourth-quarter 2011 results is enough to boggle the mind. Which company do you know that grows its revenues at more than 70%; that sells a million (expensive) iPhones every three days; that sells more phones every day than there are babies born in the world; and that is currently worth more than […]
Read More“1. Reading stories can fine-tune your social skills by helping you better understand other human beings. 2. Entering imagined worlds builds empathy and improves your ability to take another person’s point of view. 3. A love affair with narrative may gradually alter your personality—in some cases, making you more open to new experiences and more […]
Read More“I long ago realised that to understand a business I would learn much more by talking to people involved in day-to-day operations than the chief executive. They represented “what is really going on here?”” JOHN KAY, Financial Times (January 3, 2011) The excerpt shown, from Professor John Kay’s regular FT column, caught my eye. I […]
Read MoreIn Kenya there are Big People, and there are Little People. There are very few Big People, and very, very many Little People. The Big People call all the shots and make all the decisions, and the Little People obey. The slightly bigger Little People spend all their time and effort trying to become Big […]
Read More“This was a year, sadly, when examples of poor leadership (bad decision-making, selfish actions and inexplicably bone-headed moves) seemed to outnumber the good.” JENA MCGREGOR, The Washington Post (Dec 19, 2011) As we end another year, we in the business world have to concede an uncomfortable fact: 2011 was not a great year for corporate […]
Read More“The I.B.M. lesson, Mr. Palmisano said, is never become wedded to what you make, but to the values the corporation stands for. After all, I.B.M. started out making clocks, scales, punched card tabulators, and cheese slicers (“the world’s fastest at the time,” he noted). “The history of business is a bone pile of companies that […]
Read More“”We hired a new CEO, but had to let him go after just seven months,” the chairman of an East Coast think tank complained to me recently.” His resumé looked spectacular, he did splendidly in all the interviews. But within a week or two we were hearing pushback from the staff. They were telling us, […]
Read More“Employee loyalty is dropping around the world, according to new global analysis of Mercer’s What’s Working™ survey. The research, conducted among nearly 30,000 employees in 17 geographic markets between the fourth quarter of 2010 and the second quarter of 2011, shows that the percentage of workers seriously considering leaving their organization has risen since the […]
Read More“Female executives packed the room as former Xerox CEO and Chairman Anne Mulcahy took the stage at Fortune’s Most Powerful Women Summit to share her best and worst practices on building boards. Throughout her career, Mulcahy has sat on boards of six public companies, three non-profits, and one privately held international company. “Sometimes, I did not […]
Read More“On the face of it, scouring the world for a superstar makes perfect sense. Surely a great manager can make all the difference to an ailing firm? Jack Welch boosted General Electric’s market capitalisation by 4,500% at a time when its old rival, Westinghouse, was disintegrating. Surely management skills are portable? What other justification is […]
Read More1. Kisses-up and kicks-down: “How does the prospective boss respond to feedback from people higher in rank and lower in rank?” 2. Can’t take it: “Does the prospective boss accept criticism or blame when the going gets tough?” Be wary of people who constantly dish out criticism but can’t take a healthy dose themselves. 3. […]
Read MoreWangari Maathai deservedly got a state funeral, the first ever for a woman in these parts. She warranted it, for rarely has a Kenyan received such global acclaim. But here’s the thing: once the funeral is over, and we have stopped shedding the requisite tears, how are we going to honour her memory? The fact […]
Read More“Really, Hewlett-Packard? This is what’s become of the company of Bill and Dave — not just the founders of HP, but the founding fathers of Silicon Valley? Three CEOs in six years. Two of those CEOs who embarrassed themselves with inept campaigns for elective office. The other CEO who managed to get tossed out of […]
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