Tag Archives: Strategy

Winning Business Leaders

drjohn11aDr. John Psarouthakis, Executive Editor, www.BusinessThinker.com. Founder and former CEO, JP Industries, Inc, a Fortune 500 industrial corporation. Adjunct professor, Strategy and Acquisitions, Ross School of Management, University of Michigan

This is the second of short articles of my thoughts about Leading and Managing winning companies.

Winning leaders are strongly motivated toward success and have the ability to motivate others to accept change and transition and win in competition.

Such Leaders energize others when personally interact with them.

Successful business leaders are able to:

1) Have a Vision that can clearly be communicated to employees and other company constituencies;
2) Create an unconventional strategy directed in upsetting the key factors the competition has based its strategy on, by challenging the accepted assumptions, within ethical and legal bounds, that govern the way competitors conduct their business, for example, upset the status quo and therefore achieve a novel and powerful competitive advantage;
3) Find and achieve a relative advantage against the company’s competitors, by either advantage in technology and profitability and / or identify relative advantages in the position of its assets and the competition;
4) Put together a uniquely competent and well motivated Team
5) Organize the management structure to be efficient without losing sight of product quality and service.
6) Readjust the company’s available resources in such a way that will enable the company to increase its market share and profitability;
7) Introduce innovations, such as opening new markets-expanding overseas and / or the development and introduction of new products and services.

Who buys companies

DRJOHN2Dr. John Psarouthakis, Executive Editor, www.BusinessThinker.com.
Founder and former CEO, JP Industries, Inc, a Fortune 500 industrial corporation. Adjunct professor, Strategy and Acquisitions, Ross School of Management, University of Michigan

This is the first of a series of short articles that I will be posting regarding Acquisition of a business.

Buying a company is by far one of the most complex business purchase activities most individuals ever undertake. A far broader array of skills and knowledge is required than for any other purchase, certainly much more so than purchasing a house or an automobile. And although an infrastructure exists, the prospective buyer is expected to be familiar with many of the rules of the game before undertaking such a venture or he or she won’t be taken seriously. Fair or not, age provides a rough yardstick by which many prospective buyers are initially measured by the broker and banking community. Younger buyers must overcome issues of credibility. Senior buyers must deal with the concern that they lack the energy and/or are too close to retirement to take the project seriously and must overcome their own hesitancy to start over with a new company. In spite of these obstacles, adults in a very wide range of ages successfully purchase and run their own companies. Strong drive or desire, among all the personal characteristics is perhaps the single, most important ingredient in assuring their success.

The Network Always Wins, By Peter Hinssen, McGraw Hill 2015

JP-pic 2A book review by Dr. John Psarouthakis, Executive Editor, www.BusinessThinker.com

This book eloquently and effectively “talks’ about the complexity of our world today and particularly about the complex systems in Business. It is a fascinating read and amazingly effective in communicating the complexity and what to do about it. In one page Peter presents the thermodynamic property of Entropy and Heisenberg’s uncertainty principle and being understood. That is an achievement in itself since Entropy is inter-wound with the second law of thermodynamics and the other with quantum mechanics! Not a simple achievement.

Though I believe complexity has existed for as long as humans began to deal in groups those early people and for many thousand of years they dealt with complexity with simple linearity approach

Because the complexity and the changes that came with it then occurred at a very slow pace and the linear approach was practical and effective. Today the change comes at a high acceleration rate that we do not have the time to deal with the gross deviations that linearity will require to deal with the issues at hand. Adding to this is the great interdependence of our activities on a global scale and instantly felt effects of actions occurring on the other side of the glob from us, etc.

This book, not only made me more acutely aware of the complex world we live in, but also provided me with approaches to the complexity so that I can deal with it and not fall in to “panic”!

I strongly recommend this book that deals with difficult concepts in a way that we build our confidence in dealing with the complexities of today’s business world.