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Aspiring Managers: Learn to Behave Like Adults

Some tips for aspiring managers and veterans who are honest enough to admit they're still trying to figure it out... Read the full entry »

The Boss From Hell

November 20th, 2009 @ 4:15 pm

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Categories: Classic, Executive Ethics, Executive Focus, Hiring, Management, Rant, Workplace

Tags: Boss From Hell, Acting Out, Sales, Management, Dysfunctional, Temper Tantrum, Raving Lunatic, Rant and Rave, Steve Tobak

Early in my career, I mean decades ago, I had a boss from hell. Oh sure, I’ve had lots of dysfunctional bosses. I was a pretty dysfunctional boss myself. But this guy was different. I’m talking serious lunatic stuff here. It was so traumatic that I sort of blocked it out of my memory. But as is often the case with tragedy, there was also a comic aspect and maybe even a lesson to be learned. 

Let me set the stage here. John - we’ll call him John - ran a regional office for a huge multinational technology company based in Asia. That’s where our products and services were developed. These folks in Asia had no idea what they were doing in the U.S. market. I mean no idea.

John’s boss and the rest of the company’s U.S. management and headquarters were in another state - California. John’s boss was a savvy executive who made it big down the road, but the rest of the U.S. folks were, well, they were idiots. And they were our principal interface to the folks in Asia who were clueless about the U.S. market.

There was also a regional sales office down the hall from us. These were the guys who were supposed to sell the products we supported technically. They were an assorted grab-bag of fun-loving sales people. And they loved to get John riled up.

I was John’s first employee in this new satellite office. It was sort of an experiment for the company. When I got there, the experiment wasn’t going so well.

John was constantly under pressure to support our local customers, and the folks in California and Asia were always screwing us up. Whenever that happened, which was pretty much daily, John would throw whopping temper tantrums. He’d run around the office ranting and screaming like a raving lunatic. Then he’d storm into the sales offices, rant and rave some more, and storm right back out again. The sales guys just loved that.

On occasion, he’d punch or kick holes in the walls of our offices.

I grew up in Brooklyn, New York. It was crazy growing up there. I thought I’d seen it all. Racial violence, gang violence, I had a friend who was shot over a gambling debt. But this guy - John - scared the crap out of me.

We had frequent conference calls with the folks in California and Asia. It would typically be John, me, and a sales guy in John’s office. While whoever was on the other end of the line was talking, John would unzip his pants and, well, make some seriously lewd gestures at the speaker phone. Oftentimes he’d mute the phone and let out a string of curses that would make a rapper blush.

With customers, John was a pro. But when he was back in his office, he acted out like a lunatic Satan child whose parents had left town for good.

Within a year, I got the heck out of there. But John and I have crossed paths a few times over the years. Believe it or not, he’s a senior executive, so I can only assume he’s mellowed out some. I guess people can change. But if you looked at him today, you’d think he was 20 years older than he is. He looks terrible.

The take-away? Promoting people before their time is a bad idea. Giving them too much authority before they’re ready is bad for the company, bad for employees, and bad for them. And some people should never be managers. Never.

So, that’s my “boss from hell” story. Can you top it?

The 5-Step Career Turnaround

November 19th, 2009 @ 3:47 pm

1 Comment

Categories: Best Practices, Board Management, CEO, Entrepreneurialism, Executive Focus, Hiring, Leadership, Management, Metrics, Small Business, Strategy, Tips and Tools, Wisdom, Workplace

Tags: Turnaround, Professional Development, Career, Value Proposition, Restructuring, Management, SWOT, Career Assessment, Steve Tobak

Everybody I know - myself included - has hit at least one snag in their career. After all, nobody’s life, business, or career goes straight up and to the right. You may think you’re on the right path, then something changes and you’re suddenly thrown off course.  

A couple of weeks ago a good friend - a senior-level manager at a big company - found out he’s getting laid off after 20 years there. Time for a new plan.

The last four jobs another senior executive friend has taken have been with companies that, for whatever reason, get acquired a year or two later. Poof, he’s back on the street again. He’s getting on in years; can’t keep doing that forever. 

But you know what? Highly accomplished professionals take their careers very personally. People who pride themselves on their ability to grow businesses and companies sometimes have a hard time seeking advice from others when it comes to their own careers.

Unfortunately, successful career change requires a certain level of objectivity that most people simply aren’t equipped with. After all, we’re only human and we inevitably see ourselves through a subjective prism.

Look at it this way: would you attempt a corporate turnaround or restructuring without an objective analysis of the situation or without getting input and feedback from a variety of sources - board of directors, employees, customers, analysts? Of course not. Well, the same goes for your career. 

In fact, thinking of career change as a sort of turnaround or at least a strategic planning process is absolutely the way to go. Think about it; the methodology works:

The 5-Step Career Turnaround

Read the rest of this entry »

How to Balance the Federal Budget

November 19th, 2009 @ 9:33 am

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Categories: Compensation, Corporate Governance, Economy, Entrepreneurialism, Finance, Global Trade, Innovation, Leadership, Political Economy, Small Business, Strategy, Technology, Wisdom

Tags: Federal Deficit, Federal Budget, How to Balance the Budget, Dot-Com, Stock Options, Budget Surplus, Bull Market, Taxes, Free Trade, Boom and Bust Cycle

It was the end of a long work day, but back then, the days seemed to go a lot quicker than they do now. It was 1998 and the stock market’s unprecedented bull run - fueled by the dot-com boom - seemed like it would never end.

At the tail end of a phone interview with USA Today’s Silicon Valley bureau chief, Julie Schmit asked if I would be a source for another reporter’s story on how unbudgeted tax income from the stock market surge was responsible for the nation’s first budget surplus in almost 30 years.    

For those who were too young or have short memories, at that time, the market had indeed seen an impressive bull run. But as they say, “they ain’t seen nothin’ yet.” Over the next 3 years the NASDAQ would skyrocket 250 percent, only to plummet right back down to where it started. Maybe we’d all just as soon forget that ever happened.

And yet, there was a remarkable benefit that, for the most part, slipped under most of our radar screens. But when you read this excerpt from the USA Today archives, the lesson we, in the deficit and budget-challenged present, can learn from history comes into focus:  Read the rest of this entry »

The Sad State of CEO Replacement: Scapegoating and Savior Chasing

November 18th, 2009 @ 5:15 pm

4 Comments

Categories: General

Tags: Succession, Board, CEO, Corporate Governance, Performance Management, Investment, Business Operations, Corporate Law, Human Resources, Workforce Management

On November 9, the CEO of Innovation Partners, a $200 million U.K. insurance software company, was unexpectedly fired by his board, who also announced they’d retained an executive search firm to find his outside successor.  The company had consistently increased sales, cash, its average deal size, and its reputation in the marketplace even during the economic meltdown, but the lure of finding an outside superstar proved irresistible.  The company’s stock price had languished, and naturally the CEO got the blame. Read the rest of this entry »

Jeffrey Pfeffer is a professor of organizational behavior at Stanford’s Graduate School of Business and is the author or co-author of 12 books including “What Were They Thinking? Unconventional Wisdom About Management.”

The 10 Rules of Great Groups

November 17th, 2009 @ 9:51 am

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Categories: Best Practices, Board Management, Books, CEO, Corporate Governance, Entrepreneurialism, Executive Focus, Innovation, Leadership, Management, Strategy, Technology, Wisdom, Workplace

Tags: Talent, Group, Leader, Leadership, Workforce Management, Management, Human Resources, Steve Tobak

The other day I was listening to Soul Sacrifice from Santana’s remarkable first album, c. 1969. I’ve probably listened to it a thousand times, but I was still blown away by how tight the band was. All I could think of was what it must feel like when a band jams together for the first time and everyone realizes there’s magic in the room.

But the concept of “Great Groups” - where the whole is infinitely greater than the sum of the parts - goes way beyond Santana, The Allman Brothers, or The Beatles, for that matter. This rare, once-in-a-lifetime phenomenon can occur wherever there’s challenge, opportunity, and creative talent.     

Like its topic, there’s an exceptional, one-of-a-kind book that describes - in dramatic and insightful fashion - the conditions under which great groups occur. It’s called Organizing Genius: The Secrets of Creative Collaboration, by Warren Bennis and Patricia Ward Biederman.

The premise is straightforward enough. “In our society, leadership is too often seen as an inherently individual phenomenon.” We hoist Apple’s Steve Jobs up on a superstar-CEO pedestal, but the book reveals a relatively unexplored talent of Jobs - his ability to inspire groups of developers to great heights. For example, he told the first Macintosh design team that they were there to “make a dent in the universe.” And they did.  Read the rest of this entry »

Feeling Overwhelmed by Social Media? You're Not Alone

November 16th, 2009 @ 11:40 am

13 Comments

Categories: CEO, Communication, Entrepreneurialism, Executive Focus, Leadership, Management, Marketing, Rant, Small Business, Strategy, Technology, Web 2.0, Workplace

Tags: Social Media, Twitter, Facebook, LinkedIn, Social Networking, Management, Workplace, Job Fulfillment, Time Management, Productivity

social media gadget overloadWhen I was a fulltime executive, I never would have found time for social media and all the communications gadgets everyone’s eyes, ears, and thumbs seem to be glued to these days. I used to work like 50-60 hour weeks, not to mention all the travel. The rare times I was home and not working or sleeping, I had things to do, fun to have, and relationships to maintain … like my marriage.

Now I work a lot less but my time is still somehow consumed - with what, I don’t know - and the lure of social media and communications gadgets loom like an ever-growing mountain of unmet expectations. So I wonder: how the heck does anyone have time for all this stuff and is your business life “more” or “less” fulfilling and productive now than it was pre-social media?

For me, the answers are “I don’t” and “less” and “less.” Bigtime. Read the rest of this entry »

It's a Jungle Out There

November 13th, 2009 @ 7:05 am

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Categories: Compensation, Entrepreneurialism, Executive Focus, Hiring, Leadership, Management, Rant, Small Business, Strategy, Wisdom, Workplace

Tags: Jungle, Recruitment & Selection, Human Resources, Workforce Management, Steve Tobak

I work in a jungle. Not metaphorically. I’m talking about a real jungle.

Right now I’m watching a 75 pound Rottweiler squirm around on his back, making funny noises, trying to bait a Boxer into playing. The Boxer just sits there and yawns. I have no idea what that means, unless maybe he’s bored. 

As I recline in the office La-Z-Boy - where I do much of my writing - my head rests lightly on a fluffy black pillow named Clyde. He likes to just lay there while I work. Once in a while I reach back and pet him and he purrs. That I get.

If you think this is bizarre, I don’t blame you. I think it’s bizarre too. But still, I’d bet my office environment is tame compared to the jungle you work in.

Sometimes people ask me why I gave up working in corporate America at such a young age (I don’t think I was young - I was 46 - but that’s what they ask). Well, I have a few canned answers, like:

“The workplace has become too PC for a dysfunctional control freak like me.”  Read the rest of this entry »

Want to Move Up? Learn to Manage Like a CEO

November 12th, 2009 @ 11:06 am

22 Comments

Categories: Best Practices, Board Management, CEO, Corporate Governance, Entrepreneurialism, Executive Focus, Hiring, Leadership, Management, Strategy, Tips and Tools, Wisdom, Workplace

Tags: CEO, Professional Development, Leadership, Career, Management, Steve Tobak

If you really want to learn how to move up in the business world, you’ve got relatively few sources of expert information. And when you’re done with all the MBA BS, the business self-help books, and God help us - the life coaches - ask somebody who’s done it, and he’ll tell you.

Come to think of it, if you think you can learn what works in the real world from anyone but someone who actually succeeded in the real world, well, let’s just say you might want to rethink your management potential.

In the past we’ve talked about all kinds of management tools and leadership qualities, but this time, we’re going to cut right to the chase. You won’t find these five tips anywhere else, since you’re the first ones to read them. Moreover, these are indeed CEO best practices that I’ve observed in few middle managers - those with CEO potential.   Read the rest of this entry »

Why Subway's $5 Footlong Dominates Fast-Food Market

November 11th, 2009 @ 12:37 pm

3 Comments

Categories: Best Practices, Executive Focus, Finance, Innovation, Management, Marketing, Small Business, Strategy, Tips and Tools, Wisdom, Workplace

Tags: Desperation, PC, Price Elasticity, Price Points, Subway, Fast-Food, Cyrix, McDonald's, Sales Strategy, Marketing Strategy

Subway $5 Footlong - Fastfood Prime Number?Tired of seeing his business evaporate every weekend, Stuart Frankel - the owner of two Subway franchises in Miami - came up with an idea. He decided to offer all foot-longs for $5, about a buck less than regular prices, on weekends.

Next thing he knew, Frankel had lines out the door and double-digit sales growth.

Next thing Subway knew, it had one of the biggest hits in fast-food history.

The $5 footlong promotion alone generated $3.8 billion over the past year - more than Arby’s and Domino’s entire U.S. business. At a time when everyone’s business is down, Subway’s sales grew 17 percent in 2008, making it the number two fast-food company, worldwide, behind behemoth McDonald’s. Actually, Subway should surpass McDonald’s in total number of franchises in 2010, an amazing feat.

The big question is this: Is the $5 footlong just a flash-in-the-pan, a round number that resonates with fast-food customers? Or is it a function of consumer price-points and price elasticity that affect virtually all markets? Read the rest of this entry »

Unusual Origins of 15 Innovative Companies

November 10th, 2009 @ 6:55 am

1 Comment

Categories: Branding, Entrepreneurialism, Executive Focus, Finance, Global Trade, Innovation, Leadership, Management, Marketing, Mergers, Private Equity, Small Business, Strategy, Technology, Wisdom, Workplace

Tags: IBM, Sony, Panasonic, Toyota, AIG, Motorola, Radio, Battery, GSI, Wiki

Unusual Origins of Innovative CompaniesEntrepreneurs worry too much about what they’re going to develop, make, or market. What’s more important is that they make, develop or market something. The odds that they end up making it big doing something different are apparently pretty high.

Here are 15 companies that became famous, not for what they started doing, but for something that came later. Sure, they may be related, but the point is still valid: better to get started on something; innovative people find a way.

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Blogger Profiles

  • Blogger Thumbnail Steve Tobak Steve Tobak is a marketing and strategy consultant based in Silicon Valley. He's a 20-plus year high-tech industry veteran and former senior executive of a number of public and private companies. He also wrote the popular blog Train Wreck for CNET. When he's not airing corporate America's dirty laundry and helping companies solve their problems, Steve likes to play with gadgets and animals and drive his wife crazy. Find out more at Invisor.net. more »

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