I.) Chapter 4 Danger Signal: A company enters a market outside of their area of expertise. The company purchases other companies and merges with them with hopes that it will be successful.
II.) The leadership principle violated is spending billions of dollars on mergers and expecting the purchase to create a skilled knowledge of the new company.
III.) The people responsible for purchasing the company (CEO, COO, CFO, board of directors) are responsible for creating and executing a plan of action.
IV.) The plan will be to evaluate the pros and cons of the business acquisition prior to accepting or declining the merger. Using the Hedgehog Concept, the owner will see he is acting as a “fox” and pursuing multiple ends at the same time, while …show more content…
Get rid of the grinding axe holding them back from making sound decisions. The goal is to focus on how to make the business grow, rather than how to one-up the competition. Additionally, the CEO must focus on becoming a Level-Five Leader. “Given that Level Five leadership cuts against the grain of conventional wisdom, especially the belief that we need larger-than-life saviors with big personalities to transform companies, it is important to note that Level Five is an empirical finding, not an ideological one. Level Five leaders are a study in duality: modest and willful, humble and fearless” (GTG, pp.22). Moving towards this style of leadership will eliminate the cockiness, moving towards a humble attitude, and focus on being trustful of …show more content…
III.) The person in charge of implemented this plan is the leadership team.
IV.) The plan is to educate the managers of fair and impartial behavior and etiquette towards employees. Managers are to be instructed to treat everybody equally and show no favoritism towards any employee. Managers will need to enforce equal discipline among other employees. Managers will be required to engage in weekly leadership training for three months to transition towards the use of the Leadership Behavioral Theory. This theory will be implemented to managers to focus directly on actions of leaders to ensure they become effective ones (TAOL, pp. 19).
V.) The President and Vice President of the selection division will be responsible for seeing the plan through.
VI.) Success will be measured by weekly progress reports from managers and biweekly employee satisfaction questionnaires.
VII.) Team managers with the highest marks each month will be given a free paid day off during their month of victory.
VIII.) The training will endure for three months, but the contest will last for one calendar
II.) The leadership principle violated is spending billions of dollars on mergers and expecting the purchase to create a skilled knowledge of the new company.
III.) The people responsible for purchasing the company (CEO, COO, CFO, board of directors) are responsible for creating and executing a plan of action.
IV.) The plan will be to evaluate the pros and cons of the business acquisition prior to accepting or declining the merger. Using the Hedgehog Concept, the owner will see he is acting as a “fox” and pursuing multiple ends at the same time, while …show more content…
Get rid of the grinding axe holding them back from making sound decisions. The goal is to focus on how to make the business grow, rather than how to one-up the competition. Additionally, the CEO must focus on becoming a Level-Five Leader. “Given that Level Five leadership cuts against the grain of conventional wisdom, especially the belief that we need larger-than-life saviors with big personalities to transform companies, it is important to note that Level Five is an empirical finding, not an ideological one. Level Five leaders are a study in duality: modest and willful, humble and fearless” (GTG, pp.22). Moving towards this style of leadership will eliminate the cockiness, moving towards a humble attitude, and focus on being trustful of …show more content…
III.) The person in charge of implemented this plan is the leadership team.
IV.) The plan is to educate the managers of fair and impartial behavior and etiquette towards employees. Managers are to be instructed to treat everybody equally and show no favoritism towards any employee. Managers will need to enforce equal discipline among other employees. Managers will be required to engage in weekly leadership training for three months to transition towards the use of the Leadership Behavioral Theory. This theory will be implemented to managers to focus directly on actions of leaders to ensure they become effective ones (TAOL, pp. 19).
V.) The President and Vice President of the selection division will be responsible for seeing the plan through.
VI.) Success will be measured by weekly progress reports from managers and biweekly employee satisfaction questionnaires.
VII.) Team managers with the highest marks each month will be given a free paid day off during their month of victory.
VIII.) The training will endure for three months, but the contest will last for one calendar