• The second way to try to prevent crises is with good internal processes, that you rarely have to such as rigorous hiring procedures, comprehensive training programs that make the company’s policies nothing short of crystal clear.
Five assumptions
• Assumption 1: The problem is worse than it appears. • Assumption 2: There are no secrets in the world, and everyone
will eventually find out everything. • Assumption 3: You and your organization’s handling of the crisis
•Promotion
Top
•Bonuses
20%
•Praise
•Training
Middle 70%
•Heart and Soul •Engaged •Motivated •Improve
Top Middle Bottom
People
Firing
How to deal with the ones who should
People
Managing
You have the good player now, how to manage them?
People
Candid organization
•Know where they are
Bottom 10%
Clear performance expectation
Rigrous performance evaluation
Thank you!
Content
• Culture • Human resource • Leadership • Crisis Management • Merge And Acquisition
The importance of corporate culture for a excellent company
will ultimately destroy the company's business
People
Hiring
• The acid test:
Integrity Intelligence ity
• 4E-1P Framework :
Energy Energize
Edge Execute Passion
• Fortune 500 to win the fundamental reason is that these companies are good at to revitalize their corporate culture .
• Corporate culture is the basic business drivers of sustainable development
for what happened.
Advantage of Mergers and Acquisitions
• faster way to profitable growth. • bring on board new products and customers • quickly add geographical and technological scope
Seeking immunity. Crisis management Five assumptions
prevention
plan of action
Seeking immunity
• The first is tight controls—disciplined financial and accounting systems with tough internal and external auditing processes.
• "Two things can happen: Lucas can confess or Lucas can keep quiet. Suppose Lucas confesses. Then I get 20 years if I don't confess, 10 years if I do, so in that case it's best to confess. On the other hand, if Lucas doesn't confess, and I don't either, I get a year; but in that case, if I confess I can go free. Either way, it's best if I confess. Therefore, I'll confess."
Road to a successful M&A
• picking the right company to fit your strategy • merger should be complete within ninety days • not 5 or 10 percent too much, but so much that
The integral parts of corporate culture
• Mission ---A lifelong pursuit ,the direction of the struggle ---Effective mission: clear meaning, specific,
accurate representation • Vision --- to achieve the mission, to achieve the
Jack Welch
• Will • Lucas • Katrina • Fiona • Nancy • Addison
Jack Welch
DCeaol wnitthethnetworld as it is, not how
you•’dCluikletuit rtoebe! • Human • Leadership • Crisis Management • Merge And Acquisition
ultimate goal of profitability ---Shared values for all business owners
The contact of mission and vision
• Must be consistent • Is an integration • Departure from the mission and values
Opportunities and to Become More Competitive • 4.Be Number One or Number Two and Keep Redefining Your Market
From “OhGod-no!” to “Yes-we are
fine”
•attitude
the premium can never be recouped in the integration. • Use the new player
Why many mergers fail? Game Theory
Lucas
confess don't
Addison confess don't 10,10 0,20 20,0 1,1
How to choose my players?
•Hiring the top:
Authenticity Ability to see around the corners Courage to be surrounded by smarter ones Heavy-duty resilience
will be portrayed in the worst possible light. • Assumption 4: There will be changes in processes and people.
Almost no crisis ends without blood on the floor. • Assumption 5:The organization will survive, ultimately stronger
3.Leaders inspire risk taking and learning by setting the example.
Successful Leadership
• 1.Face Reality • 2.Managing Less Is Managing Better • 3.Keep Watch for Ways to Create
leave?
•No surprise •Minimize humiliation
what does leader do
1. Using every encounter as an opportunity to evaluate, coach, and build self-confidence.
2. Leaders make sure people not only see the vision , they live and breathe it.
• The third way is less common and certainly less of a layup— a culture of integrity, meaning a culture of honesty, transparency, fairness, and strict adherence to rules and regulations.