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.
Leaders & Managers
From the nitty gritty of daily management to addressing your aspirations of leadership, this section for leaders & managers tells you how to make strong leadership decisions, build effective teams, delegate and stay above the everyday management muddle.
Get tips, strategies, tool and advice on: performance reviews, preventing workplace violence, best-practices leadership, team building, leadership skills, people management and management training.
Asked how to prepare for a football playoff, coach Craig Bohl recommends adopting a mindset he calls “one-and-done.” Bohl won his third consecutive FCS (NCAA’s Football Championship Subdivision) national title when his North Dakota State team won its division in 2013. That makes Bohl, now the coach at Wyoming, college football’s leading expert on playoffs.
For years, Chris McCormack viewed Mike Tyson as a better boxer than Muhammad Ali. McCormack is a triathlete, two-time winner of the Ironman World Championship and a boxing fan. She admired Tyson’s savage force in the ring. But McCormack reassessed her opinion after a friend urged her to study Ali’s career.
CEOs at big corporations often let their marketing managers make local sponsorship deals. A company might wind up supporting Little League teams, arts festivals and other community events. David D’Alessandro rejects that approach. When he was CEO of John Hancock Financial Services from 2000 to 2004, he adopted a “go big or go home” philosophy.
Here’s a look at some of the most impactful ways you can tweak your onboarding to transform new hires into productive team members as quickly as possible.
Remember the old saw that 90% of success is just showing up? Well, it’s proven once again by a Chicago Bulls basketball player who denied himself cable and Internet so he could focus on training in the off-season.