Rules for Revolutionaries X420 Discussion Session # 65

1. Rules for RevolutionariesX420 Discussion Session # 65

2. “Microsoft is two years away from failure” —Bill Gates

3. How Change has Changed • The “How” (implementation) has been replaced by the “What” (strategy) • Continuous improvement has been replaced by discontinuous innovation • Straight line innovation has been replaced by non-linear innovation • Knowledge can be bought by the pound . . . insight is priceless

4. The Eight-Stage Process of Creating Major Change • Establishing a sense of urgency • Creating the guiding coalition • Developing a vision and strategy • Communicating the change vision • Empowering broad-based action • Generating short-term wins • Consolidating gains and producing more change (don’t let up) • Anchoring new approaches in the culture (make change stick)

5. Management Planning & budgeting Organizing & staffing Controlling & problem solving Leadership Establishing direction Aligning people Motivating & inspiring Management versus Leadership ↓ Produces predictability & order ↓ Produces dramatic change

6. Hierarchy of Executive Capabilities • Level 1 – Highly Capable Individual • Makes a productive contribution through talent, knowledge, skills, and good work habits • Level 2 – Contributing Team Member • Contributes individual capabilities to the achievement of group objectives and works effectively with others in group setting • Level 3 – Competent Manager • Organizes people and resources toward the effective and efficient pursuit of pre-determined objectives • Level 4 – Effective Leader • Catalyzes commitment to and vigorous pursuit of a clear and compelling vision, stimulating higher performance standards • Level 5 – Executive • Builds enduring greatness through a paradoxical blend of personal humility and professional will

7. Characteristics of Level 5 Leadership • Ambitious first and foremost for the company, not themselves • Set up their successors for even greater success • Display compelling modesty and are self-effacing • Fanatically driven to produce sustained results • Display workmanlike diligence – “more plow horse than show horse” • Attribute company success to others; company disappointments to themselves

8. Two Rules for Leaders • While a good leader tells a good story, a great leader helps you find yourself in a story. • No leader has to be able to deliver a great speech. But every leader has to have a great speech to deliver.

9. Four Competencies of Leadership • Create ATTENTION – compelling vision that brings others to a place they have not been before • Create MEANING – “tangebilitate” the vision • Communicate TRUST – reliable and consistent • Know thy SELF – realistic self appraisal

10. Building Great Companies • Disciplined People • Disciplined Thought • Disciplined Action

11. Disciplined People • Level 5 Leadership • First Who, Then What – getting the right people on the bus

12. Disciplined Thought • Confront the brutal facts and never loose faith. • Establish an understanding of what you can be the best at.

13. Disciplined Action • Culture of discipline • Technology accelerators

14. Leadingthe Revolution

15. EVALUATION QUESTIONS 1. I found the presentation material easy to understand. 2. This discussion session increased my knowledge of the subject presented. 3. I will be able to use some of the information from this session in the future. • USE: • a. Strongly agree • b. Agree • c. Disagree • d. Strongly disagree • e. Don’t know 4. The presenter was well prepared for this discussion session. 5. This presentation should be repeated in future semesters.