The Economist ran a very interesting series on six major TOMs and this article looks at some of the lessons learnt, which are very relevant to the NZ environment, and provides a scorecard for your next TOM.
It is often quoted, and even great leaders seem to forget, that history has a habit of repeating itself. Company executives, New Zealand directors and the major institutional investors (whose support is often a prerequisite) need to learn the lessons, from both overseas and at home, and think more carefully before they commit to a take-over.
NZ is too small to suffer the losses arising when large TOMs fail. The recent impact to the New Zealand economy on the near collapse of our national air carrier should be a lesson to all. Whilst there are examples of failed TOMs in NZ I have deliberately excluded them to avoid any disputes.
Moving into a new position of leadership is one of the toughest challenges a businessperson can face. Yet, many drift into it without adequate preparation, hoping a great career will just happen. In The Leading-Edge Manager’s Guide to Success, performance management thought leader David Parmenter presents proven solutions and cutting-edge techniques in your journey toward becoming an extraordinary manager and leader. This practical guide will help you manage your leadership transition so you can take charge, build your team, and deliver results.
An in-depth look at how to create and use key performance indicators (KPIs), from the King of KPIs – now updated and expanded!