Lessons in leadership. (Cover Story: Redefining Leadership).You've survived the shakeout Shakeout A situation in which many investors exit their positions, often at a loss, because of uncertainty or recent bad news circulating around a particular security or industry. Notes: During the dotcom boom and bust, numerous shakeouts occurred. . Now what? The fact that you're still standing is cause for celebration -- but not for long. Whether you're fine-tuning strategy, reconsidering markets or simply rebuilding your business, it's time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a to put your company -- and yourself -- to the next test. How do you define a great leader? Bold visionary? Brilliant tactician? Financial wizard Instructional help in an application or system development environment that guides the user through a series of multiple choice questions to accomplish a task. For the most part, wizards are more effective than the help menus found in most applications, which often border on the atrocious. ? Industry icon? The bad news is that CEOs are required to wear many hats today, and you pretty much have to be all of the above. The good news is that it's actually possible to do so. That doesn't mean everyone who gains the top spot will meet the challenge, but those who do measure up are finding ways to move their companies forward in an economy that has caused others to fall by the wayside way·side n. The side or edge of a road, way, path, or highway. adj. Situated at or near the side of a road, way, path, or highway: a wayside inn. . In the following series of articles, we look at eight companies that seem to be doing things right and talk to their leaders about what has made the difference between success and failure. The companies, both public and private, range from relatively small startups to billion-dollar-plus giants. Some of their top executives are founders. A couple of them gave up the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. spot to more experienced managers in order to focus on their original vision. Others rose through the ranks or were brought in to succeed another CEO. Their businesses run the gamut See color gamut. gamut - The gamut of a monitor is the set of colours it can display. There are some colours which can't be made up of a mixture of red, green and blue phosphor emissions and so can't be displayed by any monitor. from hardware to software, wine to wireless, media to medicine, interactive learning to online greetings. So what do they have in common? Primarily, it's a focus on fundamentals. They recognize that they have to build a business, not just follow trends or exploit new gadgets. As Michael Osborn of eVineyard says, "There has to be customer value to what you're creating. It can't just be another channel for the same problem. It has to solve the problem." Another thing: Most of these leaders -- unlike many of their now-fallen rivals -- have helped steer steer castrated male cattle beast over a year of age. See also bullock, buller steer. steer bulling see bulling. steer Medtalk verb a business through tough times before. It shows the importance of having a CEO who's not just willing and able, but also ready. The Editors |
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