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RIM’s Heins ‘Here to Fight’ for BlackBerry Revival Against Apple


BusinessWeek.com -- Management 28 Jan 2012, 6:23 am CET

Research In Motion Ltd.’s Thorsten Heins, five days into his job as chief executive officer, pledged to regain lost ground in the U.S. smartphone market and said he held talks with rivals eager to license its software.

Managing With a Conscience


Leading Blog: A Leadership Blog 28 Jan 2012, 1:34 am CET

We handicap our potential when we think we have to exploit others to get ahead. Succeeding is not a zero-sum game. We don’t look better when everyone else looks worse.
Leadership
Frank Sonnenberg makes the case in Managing with a Conscience, that the only sustainable way to succeed is the right way—not cutting corners—emphasizing the intangibles like trust, creativity, focus, speed, flexibility, relationships, loyalty, and employee commitment. While not readily measureable, they can make or break leaders and organizations. Sonnenberg believes that leaders who have a jaded view of intangible assets will never make the commitment required to reap their full potential. Sonnenberg discusses at length, nine critical success factors that need to be built into the organization:
  • Passion that develops commitment to the organization’s mission, values, and goals
  • An innovative and creative environment and mindset that reinvents itself every day
  • Effective, focused and consistent internal communication to set priorities that focus the organization’s efforts and people on the resources that provide the greatest potential return.
  • Devotion to service excellence
  • A learning organization that adapts well to change
  • Responds with speed
  • Maintains a flexible structure by collaborating both internally and externally
  • Emphasizes that personal networking is an efficient and effective way to solicit ideas, access new sources of information, increase business development, and attract new hires
  • Understands that trust is foundational. It is what binds us together and makes work possible.
Sonnenberg hits these issues head-on. Managing with a Conscience is both an analysis and a practical how-to book. He demonstrates how to take management platitudes beyond the letter of the law. Asking the right questions helps to take you beyond mere compliance. People often get cynical about the latest initiative because they are not implemented on a meaningful level—and consequently they never really get the results you’re looking for. Sonnenberg helps you get to the intent. From the employee bill of rights:
Employees have the right to approach management. Management should announce an open-door policy. But announcing is not enough. Employees should feel comfortable approaching management. Ask yourself if you’re in your office long enough to be approached. Are you available at convenient times or only at 7:00 a.m.? Has your administrative assistant done everything to screen you from “outsiders” except put barbed wire outside your office? When a concern was brought to your attention, in confidence, did you divulge any part of the information? Do you just go through the motions of listening? It is up to you to take the initiative and get out of your office to meet with employees. Been seen on a regular basis so people don’t think you’re avoiding them.
Sonnenberg writes, “If your organization isn’t focused, someone is probably undoing something you just completed.” How true. As he notes, when people don’t know or understand the organizational purpose, they end up going in different directions, often competing with each other. And this is true in the social media environment, too. It is not unusual to see social media participants undoing an organization’s values and beliefs because they simply don’t understand them or can’t live them. They create conflicting messages that undermine the purpose of the organization. “The costs to society,” writes Sonnenberg, “of everyone acting like random molecules bouncing off one another is just too great. We have no time to think about what is important. We judge someone’s worth by what we see on the outside rather than their inner worth. We envy someone who has achieved success without think about what they did to earn it.” We can change that, if we begin with our own example first.
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This comprehensive book is based on the idea that “what goes around comes around.” If you treat people right, they will treat you right. Sonnenberg believes that when you operate with the highest levels of trust and integrity, it makes you feel good about yourself, the people you work with, and the organization that you represent. It impacts how you view yourself and the way other people view you.
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RIM’s Heins ‘Here to Fight’ for BlackBerry Revival Against Apple


BusinessWeek.com -- Management 28 Jan 2012, 1:05 am CET

Research In Motion Ltd.’s Thorsten Heins, five days into his job as chief executive officer, pledged to regain lost ground in the U.S. smartphone market and said he held talks with rivals eager to license its software.

Gross Counters Gundlach Pushing U.S. Bank Bonds DoubleLine Shuns


BusinessWeek.com -- Management 27 Jan 2012, 9:57 pm CET

Pimco’s Bill Gross bet on debt of big U.S. banks last year, his worst against peers. DoubleLine Capital LP’s Jeffrey Gundlach cut bank bonds in May, dodging their second-half slide and beating 99 percent of rivals.

Ackermann Era Ends at Davos as Deutsche Bank Chief Cedes Power


BusinessWeek.com -- Management 27 Jan 2012, 8:15 pm CET

For Josef Ackermann, head of Germany’s biggest bank, the World Economic Forum is a curtain call for the top power broker of an industry under attack.

Toronto-Dominion Bank Says U.S. Executive Owens Leaving Firm


BusinessWeek.com -- Management 27 Jan 2012, 7:33 pm CET

Toronto-Dominion Bank, Canada’s second-largest lender, said that Walter Owens, the head of U.S. commercial banking, is leaving after three years at the firm.

How to Change and Stay the Same


BusinessWeek.com -- Management 27 Jan 2012, 6:58 pm CET

As Starbucks shows with its expanded efforts to sell beer and wine, be consistent about what you stand for—but constantly adjust how you do things

Jacques Maisonrouge, Who Steered IBM’s Global Growth, Dies at 87


BusinessWeek.com -- Management 27 Jan 2012, 6:27 pm CET

Jacques G. Maisonrouge, a French native who became the first non-American on the board of International Business Machines Corp. after helping the company expand globally, has died. He was 87.

Erste Chief Treichl Renews Romania Vow as Bank Revamps BCR Board


BusinessWeek.com -- Management 27 Jan 2012, 6:23 pm CET

Erste Group Bank AG, the owner of Romania’s biggest lender, appointed new managers to make its most expensive unit grow again, and told President Traian Basescu not to worry it may pull out of his country.

Altria Promotes Barrington to CEO as Szymanczyk Retires


BusinessWeek.com -- Management 27 Jan 2012, 4:53 pm CET

Altria Group Inc., the largest seller of tobacco in the U.S., promoted Vice Chairman Martin J. Barrington to chief executive officer as Michael E. Szymanczyk retires.

5 ways to shake up your new team's culture


Latest Leadership Headlines - CBS News 27 Jan 2012, 4:29 pm CET

When you've taken the reins of a department whose attitude stinks, it's up to you to change it

The myth of the visionary CEO


Latest Leadership Headlines - CBS News 27 Jan 2012, 2:40 pm CET

Don't expect leaders to be visionaries, because that's flat out unnecessary to run a successful company over the long haul

Sanofi’s Viehbacher Sees ‘a Few Signs’ of Recovery in Europe


BusinessWeek.com -- Management 27 Jan 2012, 2:37 pm CET

Sanofi Chief Executive Officer Chris Viehbacher sees “a few signs” pointing to a recovery in Europe although it’s too soon to tell whether the region’s debt crisis may be approaching an end.

Altria Promotes Barrington Chief Executive as Szymanczyk Retires


BusinessWeek.com -- Management 27 Jan 2012, 2:23 pm CET

Altria Group Inc., the largest seller of tobacco in the U.S., promoted Martin J. Barrington to chief executive officer as Michael E. Szymanczyk retires.

Tweet your way to a new job: 8 Twitter templates


Latest Leadership Headlines - CBS News 27 Jan 2012, 1:00 pm CET

Here are the 140-character messages that can boost your job search efforts exponentially

Prudential’s CEO Warns of Solvency II ‘Unintended Consequences’


BusinessWeek.com -- Management 27 Jan 2012, 12:12 pm CET

Prudential Plc Chief Executive Officer Tidjane Thiam said he’s concerned about the potential “unintended consequences” of Solvency II regulation.

Innate Pharma Gains Most in 6 Months on Discovery: Paris Mover


BusinessWeek.com -- Management 27 Jan 2012, 11:57 am CET

Innate Pharma SA, a French drug developer, rose the most in more than six months in Paris trading after the company said a discovery published in the journal Science may lead to new infection-fighting medicines.

7 Habits of Highly Excellent People


Dumb Little Man - Tips for Life 27 Jan 2012, 11:16 am CET

Are you driven in life? Do you love to excel? I believe all of us do. We are born to be the best we can be and to make the best out of our lives. When I was in high school, I wasn't exactly the kind of student teachers would like. I was truant, didn't do my homework and did badly on my examinations. I was lazy and unmotivated in school. However, after a while I realized that this wasn't who I wanted to be. This wasn't the life I saw myself leading. People around me were judging and negative, and I had enough of all of that crap. I had enough of being discriminated against and I decided to turn everything around from then on. So when I entered University, I began to get my act together. For the 3 years I was in Business School, I was on the Dean's List (an honor roll for the top students in the faculty). I eventually graduated as the top student in my specialization of marketing and was awarded with accolades for being the most outstanding student. When I started working, I entered one of the top companies for marketers, a Fortune 100 company, and led my business portfolios to record breaking results in the few years I worked there.
Then 2 years ago, I left my regular job to pursue my true passion in personal development. I started The Personal Excellence Blog where I share my best advice and help others achieve personal excellence and live their best lives. It has quickly established itself as a trusted and coming-to-age personal development blog, having 3-4k readers a day and being featured by prominent media, including CNN.com. After years of striving for personal excellence, working with top people in their fields and observing top people in their fields, I realized that there are universal habits that enable people to achieve excellence. As Aristotle would put it, “We are what we repeatedly do. Excellence then, is not an act, but a habit.”. These habits aren't "ingrained", or "genetic"; they are habits that anyone like you and me can cultivate. Just like Stephen Covey's 7 habits will help anyone become highly effective, these 7 habits of highly excellent people will help anyone become excellent. I find that as long as anyone practices these habits, excellence is always a given. And I'm more happy to share with you these habits in this article today. Here they are:
  1. Have the end in mind. This is the same habit as Stephen Covey's 1st habit, and with good reason. Everything starts with the end - the goal or the vision you want to fulfill. If you don't know what the end is, then there's no way of getting there, is there? Imagine getting into a cab. What do you first do when you get into the cab? Maybe you say hi to the taxi driver, then what? You tell the driver where you want to go, so that he can take you there. Similarly, you need to know what is the end you want to reach in order to get there. Hence, it's critical that you form clear goals of what exactly you want. What do you want? What is the end you envision? What are your personal goals and dreams for yourself? Personally, I have a vision board beside my bed where I have my dreams plastered over it. These dreams include developing The Personal Excellence Blog into one of the top personal development blogs, running my international personal excellence school, speaking to tens and thousands of people in seminars, achieving world peace, finding my soul mate, hitting the best seller's list with my books, and so on. These dreams remind me of what exactly I want and drive me forward every day.
  2. Do what you love. When you do something you love, it's like you have unlimited fuel that keeps you going- day after day. The hunger to excel in it is just greater than if you do anything else. Every day, I'm endlessly driven to build and write at my blog, because it's for a cause I believe in. Helping people grow and live their best life is the one thing I know I want to be doing for the rest of my life. I have a coaching client who has tried to start 4-5 different ventures before (one at a time), and he was never able to succeed in any of them. Why was this the case? It wasn't that he was stupid, or that he was lazy. Ultimately, the reason was because he wasn't passionate about the things he was pursuing - he was just chasing money. The nature of the business didn't appeal to him emotionally. This is not to say starting businesses because you want to earn money is bad - all I'm saying is it's important that you love what you want to do first and foremost. What is it you love to do? If you are not sure what your passion is yet, then what is something you are most eager to try at the moment? If you can choose to do anything, what will it be? Your love and interest are fuels that will drive you towards excellence.
  3. Work harder than anyone else. I don't know of anyone who has achieved excellent results who hasn't worked hard for them. A big component of excellence is hard work. Sheer, unadulterated hard work. We can streamline processes, choose effective strategies and steps, but ultimately the hard work will still have to come in. Fortunately, if you are doing what you love (step #2), work wouldn't even be work at all. In the past year since I set up The Personal Excellence Blog, I have spent countless hours, including weekends, building up the blog and writing high quality articles for readers out there. All these have paid off in their own way. I'm not saying you should abandon all social life because that defeats the purpose, but you will have to dedicate yourself to making your business a success. This year in 2010, I intend to increase my efforts even more compared to 2009, and I know it's going to pay off.
  4. Make use of every moment. Every moment counts. Excellent people know that time is highly valuable. There's this quote by Donald Trump which I read in one of his books, and I absolutely love it. He said that time is more precious than money, because you can earn back money, but you can't get back time. That is absolutely true. Hence, I'm always making sure that I'm maximizing every moment. If I'm commuting over a distance, I'll pick up a book or listen to a podcast. If I'm out waiting for a friend, I'll take the chance to do something meaningful for the time being. If there are some pockets of time, I'll take out my laptop and do some work. Note that this habit doesn't mean working like a hog, 24x7. That wouldn't be a true application of this habit. Making use of every moment also refers to knowing when to rest and rejuvenate when it's needed, because this will help us walk the longer mile on the path of excellence.
  5. Take action to achieve your results. Living a life of excellence means being a proponent of action. Many people often say "The sky is the limit". My personal philosophy is the sky isn't the limit; we are the limit. Whatever we do or don't do will determine how much we can grow or achieve. If we want to grow and achieve great results, we need to take the equivalent actions to reach the results we want. For example, many people agree that having press and media feature their business can greatly benefit them, but they believe it only happens when you are prominent enough. While that's usually true, I refuse to let that stop me. I took proactive steps to reach out to the press, writing my own press release and creating a strong story angle so the press would want to feature me. To date, I've been featured in the press for almost 20 times. To read more about how to be featured by the press, you can check out my guest post at Problogger: How To Get Featured By the Press (Repeatedly) Even If Your Blog is New.
  6. Continuously upgrade yourself. Learning never stops. There is always something we can do to become better. We may have great skills and knowledge today, but no matter how great they may be, our skills need to be continuously developed. Excellent people are always learning, reading, exposing themselves to new knowledge, new people, new contexts and developing their skills. If you have played role-playing games or RPGs before, you would know that the characters need to be leveled up to get stronger and progress to the next level. Likewise, we need to always be leveling ourselves up to achieve excellence.
  7. Ask for feedback. No matter how much we try to improve, we will have blind spots. Blind spots are things about ourselves that we don't know about, and we can't improve on things that we are blind to. Asking for feedback is one of the fastest and most effective ways to improve. For everything I do, I make it a point to gather feedback. For example, when I was in my previous job, I would often ask my manager and peers for feedback on how I could improve. With my friends, sometimes I would have a random feedback session with them on how I can do things better. As I run The Personal Excellence Blog, I would invite my readers to send in their feedback, either through comments, emails or private messages. Sometimes the feedback is predictable, sometimes it's not and many times it leads to an epiphany on some level.
  8. Strive for #1 in what you do. ... Wait, you didn't think that there would just be 7 habits in achieving excellence, did you? There's 1 final habit to become a highly excellent person - that is, to strive for #1 in what you do. No one's going to achieve excellence if they aim for average, or mediocrity. Excellence comes from aiming for the top - being #1. This #1 should be better than whoever is #1 at the moment, because it will spur you on to work even harder. You will only achieve great results when you set high standards for yourself. For example, I aim for The Personal Excellence Blog to be the top personal development blog, both in terms of the quality of content and traffic. Whenever I write my articles, I make sure I'm giving the best value that can ever be offered in that topic. Because of this, readers recognize the value of my articles and have spread the word to their friends and family. This has helped the blog to grow quickly and establish itself as a trusted and coming-of-age blog in personal excellence.
Closing These habits have helped me to achieve excellence in my life, and as long as all of us practice them, we will achieve excellent results. Feel free to share your comments - I'll love to hear what you have to say. If you have any questions, I'll love to answer them where possible too. I don't claim to have the answers, but I'll most certainly offer my perspective and help where I can.
Written on 4/24/2010 by Celestine Chua. Celes writes at The Personal Excellence Blog, where she shares her best advice on achieving personal excellence. Her blog is read by thousands a day and has been featured by CNN, Today, and other prominent media. Get her RSS feed here and add her on Twitter @celestinechua. Photo Credit: Grégoire Lannoy

New York Times Co. Faces Leadership Vacuum After Robinson Ouster


BusinessWeek.com -- Management 27 Jan 2012, 11:03 am CET

The departure of New York Times Co. Chief Executive Officer Janet Robinson last month leaves the company with a leadership vacuum amid falling revenue, profit squeezed by pension costs and pressure from family members to restore a dividend once worth more than $20 million a year.

Rio Tinto Boosts Ivanhoe Stake, May Seek Changes in Management


BusinessWeek.com -- Management 27 Jan 2012, 10:21 am CET

Rio Tinto Plc boosted its stake in Ivanhoe Mines Ltd. to 51% and said it may seek to replace the latter’s senior management and board of directors, according to a regulatory filing.
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