12/7/08: Leadership Reading to Start Your Week
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Here are five choice articles from the business press to start off your workweek. I'm pointing you to articles about India after the siege, the US auto industry, market volatility, banking's destruction rationalization, and how to reinvent your company.
From Business Week: How Risky Is India?
"In the wake of the Mumbai siege, business must weigh the persistence of political violence against the strength and promise of the Indian miracle"
http://www.businessweek.com/magazine/content/08_50/b4112024094731.htm
Wally's Comment: If you've ever stayed at the Taj, as I have, the pictures from Mumbai last week were jarring in the extreme. But what do last week's events mean for India and for business?
From CNBC: US Auto Industry Will Likely Disappear
"Nobel economics prize winner Paul Krugman said Sunday that the beleaguered U.S. auto industry will likely disappear."
http://www.cnbc.com/id/28097151
Wally's Comment: Whether you love what Paul Krugman has to say or not, and I've done both, you have to pay attention when this thoughtful economist speaks his mind.
From Fortune: Market volatility explained
"Post-1987 reforms ensured the stock markets react in real-time to news, which is magnifying uncertainty about the future."
http://money.cnn.com/2008/12/03/news/economy/market_volatility.fortune/index.htm?postversion=2008120408
Wally's Comment: This is a fine, "making sense of seeming nonsense" article.
From Reuters: Banking spins destruction myth: Hoocoodanode?
"Just as every society has a creation myth, banking is now busily writing a destruction myth that seeks to explain and soothe in a world torn to its foundations. The myth, as expounded by regulators, bankers and their various service providers, is that we were hit by a perfect storm, a 1,000-year flood so unpredictable that we can’t possibly be held accountable for it. An act of god, rather than the folly of man."
http://blogs.reuters.com/great-debate/2008/12/05/banking-spins-destruction-myth-hoocoodanode/
Wally's Comment: James Saft points out that the bankers are sure to tell us that the current implosion was just the thing they needed to make their financial and risk models perfect. And if you believe that …
From Entrepreneur: Three Lessons in Reinvention
"Target, Apple and Jack in the Box reinvented their brands through damage control, brand differentiation and broadening appeal. Put their strategies to use for your business. "
http://www.entrepreneur.com/marketing/branding/article198836.html
Wally's Comment: Let's finish on an upbeat note. Here's some good reading about reinvention and how it really works.
Wally's Working Supervisor's Support Kit is a collection of information and tools to help working supervisors do a better job. It's based on what Wally's learned in over twenty years of supervisory skills training. Click here to check it out.
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Wally Bock has helped people learn to be great bosses for more than a quarter century. His latest book, Performance Talk: The One-on-One Part of Leadership, makes learning key leadership principles almost effortless by teaching through a story and providing lists of resources for further growth.
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Wally, what a wonderful note you ended on here -- as the daily news is literally rewiring this nation's collective brain in a direction of stagnation. Nice touch as one always finds good news here! Thanks!
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this is realli very intresting thank you
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