Showing posts with label Jack Welsh. Show all posts
Showing posts with label Jack Welsh. Show all posts

Tuesday, 20 September 2022

MYTHS ABOUT LEADERSHIP

 I’ve always been an agnostic about the importance of leadership. Too often an autocratic leader like Fred Goodwin or Bob Diamond (respectively one-time CEOs of the Royal Bank of Scotland and Barclays) led their business close to destruction or ignominy. 

Fred the Shred wasn't all that bad, says RBS boss | Scotland | The Times

People have fallen in love with the idea of the “Leader” – the Mao, the Stalin. People who get things done. That was Boris Johnson’s claim – “Get Brexit done" except it’s getting undone messily unless the Irish Protocol is sorted out.

Actually I’m more than agnostic. I’m enraged by power seekers who muck up things steeped in their own self-worth. Putin does that, Xi Jinping does that, Trump does that. Yet the mythology continues. Last week buried under beautifully written royal tributes in the Times what they call “Raconteur” had a section on “The Future CEO”. 

Future CEO 2019 - Raconteur

It did not make riveting reading. Most of all I found it rather mechanistic MBA stuff when really what the leadership role is, as Jack Welch CEO  of GE said (the most sensible thing he ever said in fact):

“When you were made a leader you weren't given a crown, you were given the responsibility to bring out the best in others.”

If as a leader you were to do nothing else that’d be enough. It’s what we want from any manager of a sporting team. When they stop doing that they stop being a meaningful leader.

Emma Duncan recently wrote an interesting piece about the quiet leader. She reflected that Queen Elizabeth rarely put a foot wrong because she was very cautious about where she put her feet.

Diamond Jubilee: Queen takes Windsor walkabout - BBC News

She was often quite dull. “Have you come far?” became a joke but she was always there smiling and being available. In private she was witty, I believe, and a mischievous mimic. She did her job quietly but her presence now, suddenly removed, has led millions to understand what she meant to us. Emma then compared her style to that of Keir Starmer who whilst a calm, sometimes dull, performer in the House of Commons is good company in private and, I’m told by those who’ve met him, “is very impressive.” Maybe bringing the best out of a talented Shadow Front Bench is what we need from him. More Atlee; less Churchill.

Keir Starmer: Boris Johnson made promises about reopening schools and broke  them - Keir Starmer - Mirror Online

Yet I keep on hearing people talking about the need for charisma, presumably to wow the floating voters or, in business, the markets. I also hear people say the down to earth Stephen Cottrell, Archbishop of York, is more impressive than the supposedly charismatic Archbishop of Canterbury, Justin Welby. Equally after that wayward genius, Steve Jobs, we now have Tim Cook as CEO of Apple leading the biggest company in the world which is valued at around $2.4 trillion. The most low key leader you’ve ever seen… indeed he’s virtually invisible.

Apple boss Tim Cook faces backlash to £73m pay package - BBC News

If what you want is noise, excitement but not a clue how to do anything you choose Bolsonaro or Berlusconi (note – all the Bad Boys start with “B” – apart from Biden who is coping quietly.) They make great copy so the media loves them. They ride motorbikes, scantily clad girls or their luck.

But in the world today our leaders of business, governments or global institutions have a responsibility to others not just themselves. If nothing else the Queen has taught us keeping a low profile, being available for photoshoots (lovely clothes, lovely smile) but avoiding giving them a story is a profound legacy.

“When you were made a leader you weren't given a crown, you were given the responsibility to bring out the best in others.”

Yes. That’s it.

Monday, 4 April 2016

THE WD40 EFFECT



We’ve had major domestic renovations here culminating in the installation of a new kitchen, the loss of cooking facilities and, thus, extensive experimentation with the improved 2016 food concept called Cup-a-Soup. I’ve lost weight but my wife is coughing badly from the dust clouds that come with building work. And something else has happened…all the doors in the house started creaking.
So I’ve been going round with my WD40 and the creaks just go with one spay. This is a magic product; invented in the mid 1950’s by the Rocket Development Company, California its formula is a trade secret. The name stands for Water Displacement, 40th formula. Mystery surrounds the magic.

On the can it says it, amongst other things:-
-          Stops squeaks
-          Frees sticky mechanisms
-          Shines stainless steel

This is a miracle multitasker we’d trust to do anything from curing constipation, headaches, pimples, debt, mathematical problems and so on. Would we trust a company called WD 40 Marketing Services, WD 40 Home Repairs or the WD 40 Bank? It’s quietly goes about its business and it never lets you down. It’s earned our trust by delivering….quietly.

Like hairdressers.


They’ve unobtrusively swept up the Ipsos Mori Veracity League Table 2015 to sit alongside vicars and judges. Business leaders languish down with Estate Agents and Bankers. The least trusted are politicians… (how would the WD 40 Party do?) As Jack Welch said: “Forget about technology – worry about who trusts you.”

Trust is at its most vulnerable when we encounter major change. In writing my book on marketing I’m coming to realise the changes we saw a few years are accelerating. We are in marketing literally witnessing a revolution.

When we ordered bathroom items from John Lewis online at 10pm and they arrived at 9.30am the next day we could see that Amazon is no longer the only game in town.

When Guinness launched their new commercial (they call this their “champion creative”) on Instagram rather than mainstream TV some of us blinked before thinking – “how wonderfully novel”.

Those who worry most about all this change tend to be concerned that we now live in a world where figuratively speaking Chateau Petrus is available to everyone at affordable prices.

On Saturday I compered a Celebrity Cricketers’ Question Time Session in Brighton with ex County Cricketers reflecting on current developments, most notably the World Cup being played in India. They and the audience all expressed anguished concern about the threat to Five Day cricket by this “Fast Food” version of the game.


Sadly for this mostly retired audience the concept of five day Test Cricket seems to belong to a different world to the fast moving one we live in where people are too busy to take lots of days off in the sun. Technology changes everything…more powerful bats, day-night cricket under cover, computerised umpiring and it only takes a long as a film.

We are in a new world where nothing squeaks.

WD 40. It’s the future.

Monday, 29 November 2010

"I WANT TO BE A SALESMAN"

I have been thinking about the role and reputation of selling recently and the fact that you are much less likely to hear anyone say they want to be in selling than you should be. Apparently the desire to sell is declining even in America where Arthur Miller’s “Death of a Salesman” has become a reality.

But not in China where it’s a prized job…now that should tell us something.

It’s baffling because all great businessmen and leaders have to be good salesmen and they are. Steve Jobs, Eric Schmidt, Charlie Mayfield, Michael Dell, Jack Welch are or were great salesmen. Tony Hayward of BP was not – so he was the wrong man for that job.

The only two things that will get us out of this global mess are going to be great innovation and great salesmanship. And by salesmanship I mean not just the art of pitching or being a huckster, I mean the art of profound understanding of a product or service, the ability to present its benefits beautifully and engagingly, the ability to build long term relationships based on trust and an absolute commitment to customers needs.

The marketers meanwhile are brand building and creating social networks. Hell, I’ve been in marketing all my life and love it but the way some marketers talk about selling you’d think it was a very dirty word involving transactions and…money.

One-to-one selling is going to be the key to the future and you can forget the busted flush of Asian Contact Centres which have done perhaps more than anything else to damage the image of selling.

To be a great salesman you must be very bright, understand the business scene and what senior management have on their minds, be economics savvy, very intuitive, able to think on your feet, be a great presenter, think long term, be very margin focused and understand that real marketing is theatre. Like the incredibly rich Jamie Oliver.

Accountants can cut cost but they can’t increase sales income.

So it’s time to find out if you’re good enough to be a salesman now…and join the true, new heroes of the 21st century.

Tuesday, 23 November 2010

AUSTERITY AND HILARITY

I was wondering why I was in such an extremely good mood. It’s not the news - a mining disaster in New Zealand, the catastrophe of Haiti and the humiliation of the Irish (as the Times put it.)

At first I put it down to the impending ho, ho, ho of Christmas – the first time in years I’ve felt that surge of goodwill (is it flu? No it’s goodwill – an acute case of it.) It could be the effect of young grandchildren and great nieces but there’s more to it than children’s sense of wonder.

I genuinely believe if we set our minds to it we can be a lot more cheerful, productive and effective. Being in a good mood is as much up to us as it is to outside events. As Jack Welch put it (former head of GE) “determine your own destiny or someone else will.”

Which takes us back to the Irish for whom I feel a genuine affection and sympathy – they’ve been stuffed by the speculators as so many of us have been in the past. Do not confuse speculation with entrepreneurialism. The latter is about making calculated adventurous moves – like a new product launch – the former about betting the house and all your neighbour’s houses on red.

There’s only one way out – a dose of austerity which I’m afraid will taste like a powerful Bloody Mary – and a decision to laugh in the face of the doom mongers. As the recently spanked Lord Young said “honestly, you’ve never had it so good” Naughty Lord! The truth is that the way we really feel is in the mind not in the wallet.

And right now I’m feeling great. Positive, on song and up for it.

And they say it might even snow later this week.

Happy Christmas.