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Explore the shift from traditional management to revolutionary leadership strategies for creating major change in organizations. Discover the eight-stage process of change creation, hierarchy of executive capabilities, and the characteristics of Level 5 leadership. Learn the difference between management and leadership, and how disciplined people, thought, and action are crucial for building great companies. Evaluate your understanding and application of the presented material with insightful questions.
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“Microsoft is two years away from failure” —Bill Gates
How Change has Changed • The “How” (implementation) has been replaced by the “What” (strategy) • Continuous improvement has been replaced by discontinuous innovation • Straight line innovation has been replaced by non-linear innovation • Knowledge can be bought by the pound . . . insight is priceless
The Eight-Stage Process of Creating Major Change • Establishing a sense of urgency • Creating the guiding coalition • Developing a vision and strategy • Communicating the change vision • Empowering broad-based action • Generating short-term wins • Consolidating gains and producing more change (don’t let up) • Anchoring new approaches in the culture (make change stick)
Management Planning & budgeting Organizing & staffing Controlling & problem solving Leadership Establishing direction Aligning people Motivating & inspiring Management versus Leadership ↓ Produces predictability & order ↓ Produces dramatic change
Hierarchy of Executive Capabilities • Level 1 – Highly Capable Individual • Makes a productive contribution through talent, knowledge, skills, and good work habits • Level 2 – Contributing Team Member • Contributes individual capabilities to the achievement of group objectives and works effectively with others in group setting • Level 3 – Competent Manager • Organizes people and resources toward the effective and efficient pursuit of pre-determined objectives • Level 4 – Effective Leader • Catalyzes commitment to and vigorous pursuit of a clear and compelling vision, stimulating higher performance standards • Level 5 – Executive • Builds enduring greatness through a paradoxical blend of personal humility and professional will
Characteristics of Level 5 Leadership • Ambitious first and foremost for the company, not themselves • Set up their successors for even greater success • Display compelling modesty and are self-effacing • Fanatically driven to produce sustained results • Display workmanlike diligence – “more plow horse than show horse” • Attribute company success to others; company disappointments to themselves
Two Rules for Leaders • While a good leader tells a good story, a great leader helps you find yourself in a story. • No leader has to be able to deliver a great speech. But every leader has to have a great speech to deliver.
Four Competencies of Leadership • Create ATTENTION – compelling vision that brings others to a place they have not been before • Create MEANING – “tangebilitate” the vision • Communicate TRUST – reliable and consistent • Know thy SELF – realistic self appraisal
Building Great Companies • Disciplined People • Disciplined Thought • Disciplined Action
Disciplined People • Level 5 Leadership • First Who, Then What – getting the right people on the bus
Disciplined Thought • Confront the brutal facts and never loose faith. • Establish an understanding of what you can be the best at.
Disciplined Action • Culture of discipline • Technology accelerators
EVALUATION QUESTIONS 1. I found the presentation material easy to understand. 2. This discussion session increased my knowledge of the subject presented. 3. I will be able to use some of the information from this session in the future. • USE: • a. Strongly agree • b. Agree • c. Disagree • d. Strongly disagree • e. Don’t know 4. The presenter was well prepared for this discussion session. 5. This presentation should be repeated in future semesters.
