In 2007, Bob Essner felt justifiably triumphant. He had engineered a successful turnaround of Wyeth, the pharmaceutical giant, after six years of reinventing the company. But even after increasing revenue by 30%—to $20.4 billion—Essner suddenly lost his job. What went wrong?
Don’t just be a boss — be a leader. Maximize your leadership skills in the five most crucial areas: decision making, executive coaching, leadership training, strategic management and understanding your leadership style.
Situational leadership changes depending on the type of leadership (direction and support) each of your employee’s needs. Emotional leadership is based more on the theory of emotional intelligences and relates to the situation at hand.
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Top leaders connect with others easily, emphasizing shared interests and minimizing resistance. Try these techniques to communicate better with colleagues.
In 2004, Lego was losing roughly $1 million a day. The once-legendary Danish toy maker was on the brink of collapse. It hired a new CEO, Jorgen Vig Knudstorp, who quickly drew two conclusions: the company needed to cut costs dramatically and start delivering products that customers actually wanted.