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October 25, 2008

Lincoln's Principled Pragmatism

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Stephen Douglas was re-elected to his third term as Illinois' Senator in 1858, beating Abraham Lincoln in a tight election. 

Douglas supported popular sovereignty, "the doctrine under which slavery in the territories was to be determined by the settlers of the region (Ecelbarger, 28)." This countered the Dred Scott v Sanford decision of 1857 which said, basically, that slavery was permitted throughout the territories. In 1854 Douglas had pushed through Congress the Kansas-Nebraska Act which repealed the Missouri Compromise "and opened territories and future states west of the Mississippi River to slavery" (Ecelbarger, 5).

Lincoln saw all this and responded in his own way. He was a member of the new Republican Party, a party which had two wings with divergent views on slavery, one abolitionist and the other supporting popular sovereignty. He saw the need, if this new party was to be a truly national party, to somehow bridge these two points of view with a third point of view that could unite the Republican Party enough for it to indeed elect the next president. While Lincoln wasn't saying it publicly yet, he wanted to be that next president.

In a speech in Chicago in March, 1859, Lincoln placed himself between the two extremes, coming out against slavery, hoping not that the states could decide individually about slavery (popular sovereignty) or that it be allowed everywhere (Dred Scott), but that it "dwindle to extinction" (Ecelbarger,29) naturally.

The real hope of Lincoln's principled pragmatism was, of course, that the nominating Republican convention for the presidential election in 1860 would realize that Douglas' ambiguous position on slavery would make him an "un-Republican" candidate for the 1860 election, leaving the field to Lincoln.

Lincoln's position between the extremes both for and against slavery ultimately won him the nomination. Pragmatism won. So did the country. Not a bad strategy.

References

Ecelbarger, Gary. The Great Comeback. How Abraham Lincoln Beat the Odds to Win the 1860 Republican Nomination. Thomas Dunne Books. 2008.

August 12, 2008

The Last Lecture

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Lots has already been said about Pausch's inspiring story. A bit of luck certainly played a part, what with a Wall Street Journal reporter paying his own way to report on the story. Charisma did as well. Pausch took the time to re-order the priorities of such lectures by addressing not only the audience, but the three children he would ultimately leave behind.

Interesting points from the section entitled "Enabling the Dreams of Others" (Pausch, 104):

  • In order to help others, you have to have the time. Use time wisely.
  • Pausch sees himself as a jerk growing up in that he knew all the answers and didn't listen very well. A professor befriended him and pointed out his problem. Luckily, Pausch listened - and passed it on. He shared with his students how they rated on the "Easy to get along with scale," (Pausch, 115). When they didn't listen, or chose not to understand, he intervened. They listened to what others were saying, sometimes painfully, but modified their behavior.
  • Occasionally, people over-perform. What do you do? Applaud, yes. That's obvious. And what else? Assign a higher level task and see what happens.
  • Start something that's bigger than you. Pausch helped create Alice, the Carnegie Mellon software teaching tool. The tool will never be complete, and that's good, say Pausch. The newer versions will get better and better (Pausch, 127) much like Disney's vision for Disneyland - it's never complete, it's always changing.

Randy Pausch can be pretty direct. He certainly lived his last months with different constraints than many of us. Practicing his time management skills became vitally important to him as he juggled his new-found glamour with the reality of a loving family who obviously will miss him.

Key points for me:

  • When people over-perform, build a platform for them to shine, sometimes publicly. His classes were meant to be fun - and engaging.
  • Teams are meant to work well together. Jostle them a bit when they don't, even if it means pointing out painful facts to members who are resisting. Working together is crucial. If you're failing at that, how can you fix it, now?
  • Balancing work and family isn't as easy as some folks make it out to be. Keep trying.
  • Finally, when thanks are in order, offer them up cheerfully.

Thank you, Dr. Pausch.

Reference

Pausch, Randy. The Last Lecture. Hyperion. 2008.

July 21, 2008

Big Consulting Yields Big Data Bases

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Gallop polls have been around a long time. The beauty of their system, besides the obvious branding, is the depth of their data bases. 

Strengthsfinder 2.0 relies on those data bases to resolve personal questions I find useful.

In strategy, we sometimes perform a situation analysis - the classic SWOT - by asking four questions:

  • What are our internal strengths?
  • What are our internal weaknesses?
  • What are our external opportunities?
  • What are our external threats?

Most times, the strengths list is used to make sure that when we attack the external opportunities we have the strengths to make our strategies work.

SWOTs are really about opportunities. Getting to know your strengths - or your team's strengths - helps you address opportunities when they present themselves. Another useful point-of-view on the process says that if you focus on your strengths you're more likely to create real results. Continuous, incremental changes focusing on your strenths, drives those results (Rae-dupree).

References

Mixner, Jack. First Break All the Rules. Which Rules? http://mixnerstrategy.com/blog/2007/10/change_or_not_to_change.html [Another Gallop tool.]

Mixner, Jack. Think You're a Good Manager? http://mixnerstrategy.com/blog/2007/10/think_youre_a.html [Another Gallop tool.]

Rath, Tom. Strengthsfinder 2.0. Gallop Press. 2007.

Rae-Dupree, Janet. Can You Become a Creature of New Habits? New York Times. 3 July 2008. http://www.nytimes.com/2008/07/06/business/06unbox.html?_r=1&scp=1&sq=janet%20rae-dupree&st=cse&oref=slogin

 

Harvard vs. Berea - and Values

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As an investor, I have always marveled at the annual financial performance of the Harvard endowment. Lately, Harvard and a lot of other schools, have had to explain the use they put their huge endowments to, especially in light of the fact that they are allowed to accumulate their wealth tax-free.

Berea College in Kentucky is a little bit different. The college was founded 150 years ago to educate freed slaves and "poor white mountaineers" (Lewin). Currently it accepts only needy applicants (three member families have less than $47,000 annual income) (Berea). The interesting clincher? Every admitted student attends tuition free. Berea, because of its unique values system, has a $1.1 billion endowment, small by Harvard's $35 billion standard, but large when compared to the pool of American universities.

One last unique Berea attribute: every student has an on-campus job requiring at least ten hours per week engagement.

Certainly sounds interesting to me.

References

Berea College. http://www.berea.edu/prospectivestudents/admissioninfo/requirements.asp

Lewin, Tamar. With No Frills or Tuition, a College Draws Notice. New York Times. 21 Juy 2008. http://www.nytimes.com/2008/07/21/education/21endowments.html?_r=1&ref=education&oref=slogin

June 17, 2008

Bear Strategy

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It was pitch black. I awoke from a sound sleep, right next to a dead tree by a lake. I was in my sleeping bag, inside my one-man tent, camped next to the lake, eleven miles from my car. All alone.

I couldn’t hear anything.

Then I heard it, again. One breath from something big, about a foot from my face, just outside my tent.

In that situation you have a choice. Do nothing. Or do something. Now, that breath was enough. Adrenaline was pumping – big time – so I really didn’t really even have a choice. I was out of my sleeping bag, indeed, out of my tent, in seconds.

Then, I realized what was happening. A bear was stealing my food, every bit of it. Now I had another choice. Same choice as before, really. Do nothing. Or do something. Maybe even run. I didn’t do that. That bear had my food, after all, and I wasn’t turning back from my trip. So, what to do?

Attack the bear, of course. They used to say, make a lot of noise. Yell a lot. Pound on pots and pans. I didn’t do any of that.

I attacked the bear. With rocks. In the dark. I was camped by an old fire ring with lots of nice-sized rocks, perfect for throwing at a bear you can’t see, in the dark. So that’s what I did. Throw rocks in the dark.

And it worked. The bear only ate half my food. The rest was scattered over about a hundred yards of forest where I was able to pick up in the early morning gloom.

It was still dark, remember, so I didn’t know I’d saved my food until later, at about the same time I saw the bear amble by with a smug look on its face. It was staying just out of rock-throwing range, as it didn’t want to get hit by those perfect sized rocks, again.

How do I know I connected with the bear? When you throw a rock, a pretty big one, even in the dark, it makes a nice thud sound when it hits the ground. Most of the rocks I threw were noisy. Some were silent. Those were the ones I am assuming connected with bear, and saved my bacon, so to speak.

So I learned some lessons. Since this was twenty-five years ago, those lessons have taken some time to sink in. I tried everything to protect my food. Some of the ideas were pretty silly, I’ll tell you.

The simplest solution was invented about five years ago, and it is the solution I recommend. Carry a bear canister, an impenetrable can that bears can’t break into.

Put your food in the canister. No more bears in the dark.

Simple strategies work best, even if they take some time to figure out.

I know from experience.

June 10, 2008

The Sustainable MBA

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Developing world countries are at risk from diseases that are unprofitable for first world companies to address. Northwestern University is doing something about it. 

Faculty from three schools at Northwestern are collaborating with industry and non-profits to identify, develop new drugs or adapt existing drugs to markets that generally wouldn't be addressed (Gentile, 10). They're looking a intellectual property problems, market dynamics, governmental requirements, and distribution problems in new ways, all with the intent of actually distributing products big pharmaceutical companies may look askance at (Gentile, 11).

Sustainable companies theoretically have considered their effect on the environment and are mitigating those effects whenever possible.

Northwestern's program is taking it a step farther. Students learn that, yes, companies must be profitable, and, additionally, there are ways to be profitable that address the normal short term results oriented culture while at the same time remembering that there are long term consequences of their action.

Fuel prices and the carbon footprint problems we are all becoming aware of cause us to look for business solutions to the longer term problems of carbon management for reducing green-house gasses, for instance, or the problems of orphan drugs in third world countries with great needs and little to offer in the way of profits for pharmaceutical companies.

Northwestern it taking a swing at a solution, something we all might consider in the various classes we teach and R&D efforts we lead.

Reference

Gentile, Mary. C. The 21st-Century MBA. strategy+business. http://www.strategy-business.com/media/file/sb51_08209.pdf

May 27, 2008

Truman and the Unions: When Push Comes to Shove

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Harry Truman didn't really have an easy row to hoe. Vice President to FDR, he was basically ignored for most of his term. On FDR's death things sped up - quickly. The war was ended on both fronts. The peace brought internal and external confrontations. Returning soldiers wanted normalcy. Europe needed re-building, as did Asia. Russia was expanding ominously. What to do wasn't always very obvious for Truman. Sometimes he didn't look like a very good leader.

One of the reasons Truman was Roosevelt's nominee for VP was his leadership in the Senate. When he needed to, Truman studied a subject until he was the expert on it. Truman began to impress the other Senators with his preparation and passion. His second big speech to Congress was on greed, attacking Wall Street with a New Deal slant. He had a position on civil rights before others were willing to recognize it as a problem (McCullough. 235-245). Other Senators proved their regard for Truman by appearing at fund raisers and campaign stops in a hard fought primary.

As President, Truman had his ups and downs. Finally, however, the downs were in complete control, what with the rail road strike on top of a coal strike. The union leaders weren't going to give, in fact didn't give, until Truman made up his mind to act.

Clark Clifford showed up at the White House as a speech writer (McCullough, 502), having never met Truman before or visited the White House at all. His job? Draft a speech to Congress announcing he would call out the Army and do whatever it took to break the strike. He would control the workers before he would allow them to control America. Truman had a speech all ready to go, a speech everyone said couldn't be presented. Truman was too angry. Clifford had to craft a deliverable speech that got the support of the Congress, and the workers back to work.

Ultimately, the speech was immaterial. Truman announced that the trains were going to run and coal was going to be mined. Period. The unions realized they had better get on board with the President or things would get really ugly. So they did. Everything was fine. (Full disclosure: the Senate finally decided not to support the federalization of the rail system. It was too late. The workers were back to work (McCullough, 506).)

Without Truman's willingness to be a confrontational leader, nothing would have happened. An interesting by-product of the process: Clark Clifford began a long careen in government, playing a large role early-on in the creation of the Marshall Plan (McCullough, 564).

And what are the attributes of a Truman-like leader? Listening abilities, greed averse, a knowledge of history, and, finally, the ability to conduct yourself according to your own high standards (Harvard Business Review, 48).

Reference

McCullough, David. Truman. Simon & Schuster. 1992.

Harvard Business Review. Timeless Leadership. The great leadership lessons don't change. A conversation with David McCullough. March 2008. 45.

Buchanan on Washington

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Buchanan reminds us of Washington's first commandmant of U.S. foreign policy: "The great rule of conduct for us, in regard to foreign nations, is in extending our commercial relations to have with them as little political connection as possible (Buchanan, 112).

Why forego the advantages of so peculiar a situation (namely, the distance to Europe)? Why quit our own to stand upon foreign ground? Why, by interweaving our destiny with that of any part of Europe, entangle our peace and prosperity in the toild of European Ambition, Rivalship, Interest, Humour, or Caprice?" 

Washington knew his nation had the potential to be the greatest on earth. He also knew America needed generations of peace to grow to her natural size and strength. The father of his country deemed it essential that young America stay ourt of old Europe's wars."

Buchanan and I don't see eye-to-eye on many topics. This stance, is interesting, however, and worth remembering.

Reference

Buchanan, Patrick J. Day of Reckoning. How Hubris, Ideology, and Greed Are Tearing America Apart. Thomas Dunne Books. 2007.

First Step to Innovation: Build New Habits

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Understand yourself better, innovate better. That's the premise (Rai-Dupree) for change, especially when you realize that you are:

  1. set in your ways,
  2. habits already formed, and that
  3. innovation requires you to look at things differently than you normally do.

How to do it? We train ourselves to believe we can do anything. It's not really so. The simple solution is to do more of what you're good at, not just anything.

We're all used to stretch goals, those a bit beyond comfortable goals and less demanding than stress goals. Stress yourself a bit by learning things about what you are already good in order to increase your innovation results (Rae-Dupree). Kaizen - continuous improvement - is part of the solution. Continuallly improving a simple processes leads to incremental innovation and new solutions.

So, know yourself better, continuously improve, innovate better. Where to start? Markova sets out a process starting with understanding how you process information. She suggests that first you understand how you process information, then understand how your teammates do the same thing, and then try to increase communication - and innovation - by incrementally focusing on change and improvement on the projects you are working on.

The key point in all this was the realization that we all can not be the best at everything and that better results (change and innovation, as well) comes from leveraging what you are good at while playing of your skills and those of your team.

There is a best seller in this space right now that will help us in deciding what to focus on (Buckingham). His three myths (Buckingham. 69.) about strengths are useful:

  1. As you grow, your personality changes. Nope: you become more of who you already are.
  2. You will grow in your areas of greatest weakness. Nope: you grow in your areas of greatest strength.
  3. A good team member does whatever it takes to help the team. Nope: a good team member volunteers for those task she is best at, not what the team needs.

The point? Know yourself. Know your team. Focus on strengths. Focus on incremental change. Innovate better.

Reference

Buckingham, Marcus. Go. Put Your Strengths to Work. 6 Powerful Steps to Achieve Outstanding Performance. Free Press. 2007. 

Markova, Dawna. The Open Mind. Exploring the 6 Patterns of Natural Intelligence. Conari Press. 1996.

Rae-Dupree, Janet. Unboxed:Can You Become a Creature of New Habits? New York Times. 4 May 2008. http://www.nytimes.com/2008/05/04/business/04unbox.html?_r=1&scp=1&sq=janet+rae-dupree&st=nyt&oref=slogin

May 05, 2008

Machiavellian Maneuvers

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Machiavelli said there are three ways to hold a state that previously had lived under its own laws (Machiavelli, 46):

  • Allow them to live under their own laws and force them to pay tribute.
  • Go there and live there in person.
  • Despoil it totally.

King George tried to apply Machiavelli's principals to America.

First he tried to allow the colonists to live under their own laws and pay tribute. Taxes might be a better word. That didn't work very well, especially when he enacted taxes without including the colonists in the discussions.

He never considered living in America, but he did, of course, have a government in residence. It wasn't very effective.

Then, tribute failing and unwilling to live in America, he tried to despoil the colonies to bring them back under his control. That didn't work very well, initially, as his troops were bested in Boston.

After retreating from Boston, and landing in New York, Admiral Lord Howe sent captured American General Sullivan to address Congress in order to entice them to negotiate. John Adams accused Howe of "Machiavellian maneuvers" (McCullough, 156), namely, attempting to entice the nation back to subserviency with peace discussions when war had already been declared. None-the-less Adams, with Franklin and Rutledge, were elected to sit with Howe to listen to what he had to say. Howe's words forced Adams to realize that there was no pardon waiting him, and no freedom awaiting the colonies, if the revolutionaries lost. He - and they - would hang. After that realization, it was obvious that no negotiation was going to work and that Howe would have to despoil America to re-take control. While the British had some succeses, ultimately they had to surrender.

George failed, ultimately, as we all know. Distance, both physical and personal, caused him to fail - on all three strategies.

Modern day companies try to do better. Google might be a good case in point. The best recent quote says it all, "Usually, people want to be acquired by Google. It's always very friendly. Because they have choices, and they choose us ( BusinessWeek, 56)."

If only King George had tried a little bit harder. We might all still be British. And Google? Let's see how long their run lasts.

References

How Google Fuels Its Idea Factory. BusinessWeek. 12 May 2008. 54.

Machiavelli, Niccolo. The Prince. New American Library. 1952.

McCullough, David. John Adams. Simon & Schuster. 2001.

April 08, 2008

The Heart of Leadership

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Leadership isn't really easily defined. For me, examples work better.

GEORGE BUSH

George Bush has had a tough presidency. We all know about his approval ratings and the problems in Iraq. The press, and, indeed, the American populace, has decided that he isn't the leader they thought.

My impression has been that Bush doesn't get closely involved in the decision-making process in the various departments. One instance shows I'm wrong.

In 2006, Bush formed the Iraq Study Group. Its goal was to propose ways to proceed in Iraq. Their report was definitive in saying no new troops in Iraq (Bzdek, 402). Bush found a loop-hole, with the help of James Baker. Of the seventy-nine suggestions none said to increase troops, except on comment in a footnote on page 73 of the report: "We could, however, support a short-term redeployment or surge of American combat forces to stabilize Baghdad, or to speed up the training and equipping mission, if the U.S. commander in Iraq determines that such steps would be effective (Bzdek, 403)."

Here's the part I like: Bush didn't call the Generals to White House. He went to the Pentagon and sat with the Generals. Rumsfeld was at the meeting, along with his successor, Gates. Bush, deviating from his usual course, did the talking. He wanted an assurance that a surge would be useful if he supported it.

Basically, Bush ignored many of the suggestions of his commission's report. He asked the Generals if a surge would work. They said yes (qualifiedly). He supported their statements.

Now, the rest is history. Did he make the right decision. We'll see. Did Bush lead? Yes.

NANCY PELOSI

Nancy Pelosi grew up in a political family in Baltimore, went to school in Washington, married and moved to California, and raised a family. Only after all that did she re-enter the political fray in California. Nominated to fill an empty seat, she was re-elected and worked her way up in the House of Representatives. With the election of the Democratic congress in 2006, she ascended to the position of Speaker.

The thing I find special, as if all her accomplishments aren't special enough, is the way she stage-managed her inauguration as Speaker. Everything was normal except one thing: she wanted to emphasize the enormity of her election (being a woman and all) so she brought her grandchildren along with other House member's grandchildren with her to the rostrum to share in her celebration (Bzdek, 168).

The message was that, yes, there is a glass ceiling for women in America, and, yes, it is possible to pierce that ceiling. She did it. So can every other kid - girls especially - in America.

Bravo.

References

Bzdek, Vincent. Woman of the House. The Rise of Nancy Pelosi. Palgrave Macmillan. 2008.

Draper, Robert. Dead Certain. The Presidency of George W. Bush. Free Press. 2007.

February 21, 2008

On Jimmy Carter's Poetry

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Gaillard writes a touching synopsis of Carter's legacy. There has been some controversy, a bit of "toughing it out" to make the Carter Center happen, lots of leadership all over the world, and, surprisingly, good poetry.

Carter's mentor on poetry, Miller Williams, had this to say (Gaillard, 88), "I was impressed by what good use he made of the time [Carter and Williams spent together}, and what he was able to pick up quickly. As a poet, he is well worth reading. All his poems begin as Jimmy Carter's and end as the reader's. That's the line, I think, between an amateur and a more serious poet." 

Starts as mine. Ends up yours. Not a bad program for a gift.

Gaillard, Frye. Prophet From Plains. Jimmy Carter and His Legacy. University of Georgia Press. 2007.

February 19, 2008

Making Enrichment a Sure Thing

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It's a cliché, now, something we all are aware of: some types of American jobs are moving off-shore in record numbers. What's not a cliché, yet, is what to do about it. So let's say, just for arguement, that you had some planning to do for yourself, or, better, a young adult. What would we suggest to make your - or their - enrichment (both emotional and material) more of a sure thing?

Pink lays out a six keys to meeting the demands of the new era:

DESIGN     We used to say "form over function". Pink says, "Not just function but also design (Pink, 65)". He might have said, "The iPod succeeded for a reason."

So what's that got to do with our young person planning her future? Kindergartners know they artists. Just ask them. Second graders still like art. By sixth grade, only a few kids will admit to liking art - now they focus on learning math and language arts. The art of it all is still important. Focusing on art - and design - opens opportunities for growth in the future in occupations that will stay close to home.

STORY     We used to say, before you tried to sell anything, make sure you know all the features and benefits of the product or service you are trying to sell. Pink says, more than the features and benefits, know the story about your product - and tell it.

"So what's my product?", your young person says? "You are," is the answer. Tell your story. Enlighten it with your strengths and interests and focus it on where you want to end up.

SYMPHONY     We used to make sure our mission statements were focused on one marketplace, or even a niche within a marketplace. Pink says, forget focus, look at the big picture. Re-construct it if you have to, but remember that when you are all done, your re-constructed market niches (made up of bits and pieces from all sorts of marketplaces) need to work together, to play together, like a symphony combines bits and pieces into an "arresting new whole" (Pink, 66). Our young person will combine her interests, both right brain and left brain into new creative occupations that won't ever off-shore.

EMPATHY     I thought I knew all about Jerry Ford's Presidency until I read DeFrank's new book (http://mixnerstrategy.com/blog/2008/02/gerald_fords_scoop.html). Jerry Ford did simple things that meant a lot to Americans. When you visited his office, he got up and met you at the door. Seems simple, doesn't it? A couple steps. A little time wasted. But DeFrank got the empathy of it all in that Ford was saying something like, "We're equals. Let's do something good for America." DeFrank got the empathy of Gerald R. Ford, and re-kindled in me an understanding of what leadership really is. Our young person will need to work in a team. The best way to participate in a team - better yet, to lead a team - to show empathy to all the members of your team.

LAUGH     My daughter and I used to practice laughing at the dinner table. She thought I was nuts. So did my wife. Pink says laughing is a big part health and professional growth. He says the best CEOs make people laugh more that CEOs who just manage. I'm going to try it more. If you see me laughing in a meeting - and trying to make you laugh -  you'll know why. And our young person, what should she do? Don't forget to laugh - and motivate others to laugh as well - as you work your way up the ladder. When you get closer to the top, laughter will serve you just as well as it did on the way up, maybe better.

MEANING     My good friend David Gentry used to talk about the continuum from success to significance. Pink's word for significance is meaning. Without having something important to work for, just why are we doing what we are doing in the first place? We all get a choice in what we decide to do. A job with meaning is likely to be a part of the fabric of the community and less likely to be moved elsewhere. High touch jobs like nursing, art (in marketing, for instance), and design aren't going anywhere. Treated properly, they're highly meaningful, as well.

So, what are the possibilities? Think creative, not analytical. Think people, not immediate solutions. Spend more time on things you wouldn't normally consider. Don't become a cliché. And don't let the young people in your life become clichés as well.

Pink, Daniel H. A Whole New Mind. Moving from the Information Age to the Conceptual Age. Riverhead Books. 2005.

The Gerald Ford Scoop

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The big revelation in DeFrank's book was that Gerald R. Ford had a pretty good idea he would succeed Richard Nixon as President pretty early in his term as Vice President.

The real revelation that we already knew? Jerry Ford was a kind-hearted, absolutely dedicated American who luckily was in the right place to receive the Vice Presidency at a time when we needed him most.

While I had forgotten it, his memoir's title sums it all up: A Time to Heal. 

DeFrank, Thomas M. Write It When I'm Gone. Remarkable Off-The-Record Conversations With Gerald R. Ford. G. P. Putnam's Sons. 2007.

February 13, 2008

Peter Jennings' Legacy

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Paul Friedman on Peter Jennings:

"The important legacy, as far as I am concerned, is that he achieved this body of work with class, with dignity, with fairness. He never pandered. He never pulled any tricks or stunts the way you see other people doing. He never intentionally made himself more important that the story.... He always considered the story the most important thing-getting the story and describing it skillfully (Darnton, 292)." 

Darnton, Kate, Kayce Freed Jennings & Lynn Sherr. Peter Jennings. A Reporter's Life. PublicAffairs. 2007.

January 28, 2008

On Case Studies and MBA Programs

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Harvard Business School case studies don't work as well as they could because they give everything away too quickly. They're dense, comprehensive, conclusive and don't require collaboration to solve. A better way? Don't "present the solution until students have grappled with issues on their own (Gloeckler, 66)." See a video of the CEO presenting her problem. Receive minimal backup paperwork. Discuss solutions. Hypothesize possible solutions. Make a proposal. Then see a second video with the CEO's solution. Decide if there were better ways to solve the problem.

If you provide old-way case studies, teach your students to how to prepare for class. At least two readings of each case study with prep on the problems found before class makes sense. After class, summarize findings and begin the cycle again on the next case. Identify and analyze key problems. Generate alternatives. Make recommendations for action (Rondstadt).

Want to re-do your MBA program? Forget the classic silos like finance, accounting, marketing and operations. Think customer, competitor, investor, employee and shareholder (Pellet). Sophistication is another step. Stanford, a "richer" school, is able to provide three different levels based on students' experience. Emphasize leadership, ethics and global institutions and environment to create "global leaders".

How to make a speech into a case study?

  • Present the basic facts in a pre-discussion summary.
  • Hand out a written document of less than a page summarizing the presentation. Discuss alternatives.
  • Now, break into small groups. Amongst the groups discuss key points, ways you have solved the problem in the past, suggest alternatives, posit questions for future discussion, and reach agreement on the best way to proceed.
  • Reform as a group to hear the CEO's actual action plan and results.
  • Discuss as a group alternatives to the CEO's method. Include the "woulda, shoulda, coulda" possibilities.
  • Maybe, convince the CEO of her errors. Finally, plan to ask the CEO to present to your group again in six months to check back on how things are going.

And how to make a case study a basis for discussion to drive strategy at your company?

  • Much like a speech, come prepared with a statement of the current situation.
  • Use the current situation like a straw man. Tear it up. Make changes. Suggest new strategies.
  • Decide which new strategies make sense. Remember, you can't do everything.
  • For the few strategies you chose, create some sort of action plan.
  • Report back to the group your plan, and actions toward the plan.
  • As time proceeds, report on results - often.
  • The tendency is to forget your plan as you focus on the day-to-day tasks that hit your desk.
  • Wrong. Focus on the strategy daily. Sometimes, let the day-to-day stuff wait.

Gloeckler, Geoff. The Case Against Case Studies. BusinessWeek. 4 February 2008. http://www.businessweek.com/magazine/content/08_05/b4069066093267.htm?chan=search 

Pellet, Jennifer. Fixing the Flawed MBA. Chief Executive. http://www.chiefexecutive.net/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=55372CF344D746869D4BE7AD57BA84F4

Ronstadt, Robert. The Art of Case Analysis. A Guide to the Diagnosis of Business Situations. Lord Publishing, Inc. 1988.

January 20, 2008

To Lipitor - Or Not To Lipitor

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Good article on whether statins, even though they reduce LDLs, make for healty hearts.

You decide.

Carey, John. Do Cholesterol Drugs Do Any Good? BusinessWeek. 17 January 2008. http://www.businessweek.com/magazine/content/08_04/b4068052092994.htm?chan=top+news_top+news+index_best+of+bw

January 14, 2008

Self-publishing Sources

714 449 1040     www.mixnerstrategy.com

Self publishing sources:

Blurb. Real books. Made by you. http://www.blurb.com/home/3

Create your masterpiece and then call attention to yourself. http://www.lulu.com/

January 08, 2008

New Elixirs

714 449 1040     www.mixnerstrategy.com

How much omega-3 supplement to receive impacts on heart disease, Alzheimer's and depression? Looks like one gram a day helps heart disease, two grams helps arthritis, and one-half gram a day - or more - helps brain health. Supplements seem to work as well as pharmaceuticals. All were mercury free (Stipp, D2). 

Stipp, David. Fish-Oil Doses Can Be Hard To Swallow. Wall Street Journal. 8 January 2008. D1. http://online.wsj.com/article/SB119975627038373627.html?mod=pj_main_hs_coll