Leading On The Edge Of Chaos
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Leading On The Edge Of Chaos

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Leading On The Edge Of Chaos Leading On The Edge Of Chaos Presentation Transcript

  • Leading on the Edge of Chaos Emmett C. Murphy Mark A. Murphy
  • Structure of this presentation
    • Introduction of the authors
    • Briefly about the book
    • Critical elements required to lead in chaos
    • Interaction
  • Emmett C. Murphy and Mark A. Murphy
    • Father and Son
    • Emmett finished his PhD in 1974, and Mark did his MBA in 1994, from University of Buffalo
    • Founders of Murphy institute of leadership
    • Emmett has authored the following books:
      • Leadership IQ
      • The Genius of Sitting Bull
      • The New Murphy’s law
      • Talent on the bubble
      • The Search for Humility
  • Briefly about the book…
    • Rules it gives are not new, but they are effective
    • Serves the purpose of a reference point for all leaders, leading in times of chaos and wild market swings
    • Has a tool to assess the volatility leadership ability
      • Appendix with twenty questions
    • Contents of the Book:
      • Make haste slowly
      • Partner with customers
      • Build a culture of commitment
      • Put the right person in the right place, now
      • Maximize knowledge assets
      • Cut costs, not value
      • Out position the competitors
      • Stir. Don’t shake
      • Cut through the noise
      • Focus or Fail
  • Make haste slowly…
    • Rules
      • Resist the lure of Ready – Fire – Aim
      • Use time as a resource
      • Watch the competitors and watch yourself
      • Have a purpose that can remain the way it is
      • Find a center that can hold
      • Pace yourself, and Set a direction
    • Lesson from Leaders
      • Rush to think, before you rush to act
  • Partner with customers…
    • Rules
      • Make partnership everybody’s job
      • Partner with profitable customers and lost customers
      • Let go, the poor fit customers
      • Harness the power of perception, wherever it comes from
      • Honor those who serve
      • Institute small changes for huge outcomes
    • Lesson from Leaders
      • Say NO, to Egoist and bureaucratic model of operations
  • Build a culture of commitment…
    • Rules
      • Assess the existing culture
      • Create a shared purpose
      • Test the values, and Hire people to the values
      • Align the people architecture
      • Let form follow the function
      • Keep it simple
    • Lesson from Leaders
      • Lure of new can lead to innovation. But the wisdom of old helps to be grounded in fundamentals of success
  • Put the right person in the right place, now...
    • Rules
      • In god we trust; for all else, use data
      • Know what you are looking for
      • Decide in/out of interest, quickly
      • Look behind the resume
      • Get comfortable with discomfort
      • Let them do their job
    • Lesson from Leaders
      • Selecting right people can build the culture, however their placement can decide the sustainability.
  • Maximize knowledge assets…
    • Rules
      • Take stock of current knowledge assets
      • Mobilize intellectual capital
      • Create a culture of knowledge sharing
      • Integrate tacit and explicit knowledge
      • Build knowledge balance sheet
        • What we know, and what we don’t know
        • What is the utility and accuracy of information
    • Lesson from Leaders
      • Measure that which you value; Measure the value
  • Cut costs, not value…
    • Rules
      • Confront financial reality
      • Leverage technology
      • Spend to save, and don’t wait to cut costs
      • Cut costs in silos
      • Assess and manage leadership reactions
      • Invest for interoperability
    • Lesson from Leaders
      • Aim of cost cutting is not to save dollars, but to be able to re-allocate critical resources for future growth. Ability to do this in volatile times, is the real differentiating advantage
  • Out position the competitors…
    • Rules
      • Know the competition; Obvious rivals to unforeseen
      • Evaluate the competitive positioning
      • Seize the advantage of inimitability, wherever possible
      • Watch out for substitutability
      • Align the advantage with practice
      • Let the mission and strategy, travel together
    • Lesson from Leaders
      • Advantage is for those who identify the strategic inflection points that can change the competitive landscape, and capitalize on them very early
  • Stir. Don’t shake…
    • Rules
      • Be vigilant for signs of stress
      • Eliminate stress at the source
        • Being a little hokey is no crime
        • Make time for humor and play
        • Avert panic; instead, plan for the moment
      • Realize, there is always an ‘I’ in the team
        • Catch attention
        • Be authentic
    • Lesson from Leaders
      • Fill people physically, emotionally, and intellectually before getting them on job again
  • Cut through the noise…
    • Rules
      • Diagnose the noise
      • Be aware of implicit messages
      • Tune in; don’t take out
      • Cut through
        • Bypass the bureaucracy
        • Realize, life is not about contracts, but about trust
        • Don’t just make the message the travel, let it stand out
        • Partner with public, trustworthy resources
    • Lesson from Leaders
      • On-going dialogue is a must to achieve the edge
  • Focus or Fail…
    • Rules
      • Define the challenge
      • Measure the readiness to meet the challenge
      • Plan to leverage on opportunities
      • Set clear expectations; define responsibilities
      • Implement and practice
      • Test, refine and repeat…
    • Lesson from Leaders
      • Complexity and complexity leads to chaos. But the best solution most often is simple
  • Questions…
  • Thank you all…
    • Vinay Chaganti
    • Associate, ATGOCS
    • Work Mail ID: [email_address]
    • Personal Mail ID: [email_address]
    • Mobile: +91 97040 53338