Leadership Articles – BSW #145

In the articles, they cover Why New Leaders Should Make Decisions Slowly, The Missing Ingredient in Kraft Heinz’s Restructuring, Shift to digital business is booming, but are CEOs ignoring associated risk?, and much more!

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Full Episode Show Notes

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• Why New Leaders Should Make Decisions Slowly – 74% of new leaders say they are unprepared for the new role, and in 18 months nearly half of them disappoint or fail entirely. In many cases, leaders either judge too quickly, making snap decisions that prove to be ill advised, or wait interminably to “gather more facts,” only for the critical moment to slip away. Here are three strategies leaders can use to make decisions more effectively when they’re new to an organization

1. Manage the urge to “do something” right away.
2. Make sure you’re talking to a wide variety of sources.
3. Select one critical area of focus for the year.

• The Missing Ingredient in Kraft Heinz’s Restructuring – There has been a company restructuring recipe that has worked for decades. Buy a company, trim the fat, then reinvest to facilitate growth, and make lots of money. But sometimes this recipe doesn’t work… Three lessons from Kraft Heinzs’ restructuring:

1. When Restructuring Kills Innovation
2. Calming the Overheated Survive Channel
3. Activating the Thrive Channel

1. More than 60% of business stakeholders believe IT implements less than half of their ideas, widening the disconnect between the departments
2. Half of IT respondents say their budgets are too limited to deliver “solutions at scale”
3. 89% of stakeholders say IT plays a key role in business initiatives, but only 66% of business technology decision-makers “think of IT as a value-creator.”

1. Digital business is where CEOs want to move their companies, but they have to recognize, “if we’re digital, it’s not only huge risk, it’s complex risk”
2. About 82% of CEOs say they have some form of a management initiative or program in place for handling the digital business, according to Gartner. “What they don’t get is associated risk.”
3. Developing a “risk-aware” culture means deciphering the difference between digital business risk and cyber risk

• Introduction to 5G: Your guide to fifth-generation wireless – Fifth-generation wireless (5G) is the latest iteration of cellular technology, engineered to greatly increase the speed and responsiveness of wireless networks. Anticipated 5G benefits include increased speeds, improved reliability and lower latency. 5G use cases include:
  • Fixed wireless for better business connectivity
  • Private 5G networks
  • Expanded 5G coverage for rural areas

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