Merry Christmas to all of you that are celebrating it over the coming days. Many thanks for reading and for your comments during 2013.
Monthly Archives: December 2013
“Big successes come from dealing with the little things.” claims Reuben Mark, former CEO of Colgate-Palmolive.
“If you have good numbers, show them up front!” begins Reuben Mark. The numbers for Colgate-Palmolive are indeed impressive. Speaking as a guest at the Harvard Business School, the former CEO of Colgate-Palmolive can show a total return of some 4200% during his 23-year tenure. This is more than 40% higher than peer companies. But Mr. Mark claims that this success is due to the company’s ability deal with the small, everyday issues. This may not make for dramatic headlines, but they are universal things that have kept the company in business since its creation in 1806. Continue reading
“They called me ‘The Master of ‘I don’t know!’” confesses Anne Mulcahy with a warm smile. For someone who didn’t know much, she certainly knew how to save one of the world’s largest companies. Ms Mulcahy was appointed CEO of Xerox in August 2001 when the company was in dire straights. Xerox had so dominated the world of photocopying that its name had even become a verb. By the time Ms. Mulchay took over however, this corporate giant was two weeks from bankruptcy. Despite the weight of expectation on her shoulders from the various stakeholders, Ms. Mulcahy claims that leaders should not give the impression that they know all the answers. Continue reading
Do I really need a university degree? Gates, Jobs, and Zuckerberg didn’t finish university. Perhaps, but…
Next week will be the final week before the end of term in a host of universities across the different parts of the world. For many students this brings the dreaded exam week and often a huge amount of self doubt with it. Many have thoughts of giving up the whole process at this time. After all, Bill Gates, Steve Jobs and Mark Zuckerberg are all college dropouts and they seem to have done alright for themselves. If they could succeed with a degree, is it really necessary to spend all that time and effort? It might seem like a nice idea but unfortunately, these few examples don’t tell the entire story.
At the recent Peter Drucker forum in Vienna, I was lucky enough to catch up with Rick Goings, CEO of the Tupperware Brands Corporation, a multi-brand, multi-category company. The company achieved great success by distinguishing itself through direct sales and its famous Tupperware parties. The company was founded just after the Second World War when it was all about ‘plastics’. During the 50s, 60s, 70s and early 80s Tupperware went through wonderful years until it hit a wall. But Goings is passionate about the company and since he joined Tupperware in 1992, its fortunes have revived. Today it employs 13 500 people and has revenues of $2.3 billion.