With the economy in downturn and many businesses facing challenging times, we should be measuring business performance in a new way. Our traditional tools and processes for performance measurement are more akin to Charles Dickens than the 21st century, and thus more appropriate for the Victoria and Albert Museum than a fast and flexible organization. […]
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A Warren Buffet styled “Investment checklist”
Extract from “Don’t Say That I Didn’t Tell You: Advice from a father to his 20-something-daughters” by David Parmenter
Warren Buffet, called by many as the “greatest investor alive today” has always
been open about the way Berkshire Hathaway invests. Pouring over his annual
reports, I have developed this checklist to help me […]
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 […]
Sir Winston Churchill is so iconic that his statute facing the Houses of Parliament simply says ‘Churchill’. What is fascinating is that Churchill’s success came after many calamities that would have floored a mere mortal. Churchill’s lessons to leadership are quite profound and are different from many other leaders. I also believe there are lessons […]
So what is a treasure map? It is using the mind mapping technique, see Exhibit 1, combined with pictures of the outcomes you are seeking. On an A3 page you set out all the areas in your life where you want to score goals, state the goals, and stick pictures to help you visualize the […]
This is a skill you need to adopt before you can be an effective manager. So best to start now. I will assume that you have attended a presentation skills course, a prerequisite to bullet-proof PowerPoint presentations. The speed of delivery, voice levels, using silence, getting the audience to participate are all techniques that you […]
Performance bonuses give away billions of dollars each year based on methodologies where little thought has been applied. Who are the performance bonus experts? What qualifications do they possess to work in this important area other than prior experience in creating mayhem we currently have?
When one looks at their skill base one wonders how did they get listened to […]
In Jeffrey Liker’s book, The Toyota Way, it is clear how different the company is. Here are some examples:
Staff on the production line have the authority to stop production if a
unit has a fault that cannot be fixed in time.
They do not merely test for quality at the end; they ensure it is in […]
I met an interesting investment banker on the plane from Melbourne to Sydney who told me about the take-over and merger game that is being played by large investment bankers around the world. It never made any sense to me when everybody knows only one in six mergers breaks even and many have lost billions […]