![]() | |
« Maxwell Connect: 7 Things You Can Do to Become More Interesting | Leading Blog Main Page | Developing a Small-Wins Strategy for Growth » 06.22.10
12 Leadership Guidelines for Leading through Learning in Turbulent TimesIn January 2009, founder and chairman of India’s Satyam Computer Services—the “largest publically traded company you’ve never heard of”—Ramalinga Raju confesses to massive accounting fraud and resigns. In a five-page letter to the board, he described the problem saying, “It was like riding a tiger, not knowing how to get off without being eaten.” In an instant, he left behind him, chaos, distrust, and plummeting moral among his more than 53,000 employees. But Riding the Tiger is not about how the Enron-like tragedy occurred, but how a leading through learning strategy calmed the chaos and helped the company recover and rebuild.Authors and former Satyam employees Pricilla Nelson (Global Director of People Leadership) and Ed Cohen (Chief Learning Officer) share the take-away lessons learned on the road to recovery and renewal. Step one was what they eventually called the “Lights On” strategy. That is “deciding exactly what must be done to keep the business moving and doing only that which is critical to help the organization stabilize.” They describe 6-steps—beginning with hold everything and build an adaptable start-stop-continue plan—based on the two pillars of learning and communication. Nelson and Cohen write, “Learning is critical for stabilizing the organization, providing guidance to leaders, communicating with employees, and keeping the business open.” Communication is critical. “The leaders who lead out loud—those who maintain transparency, approachability, and integrity—are the ones with whom people want to work, in good times and bad.” Venkatesh Roddam, Director of VenSat Tech India was the CEO at Satyam BPO (a Satyam subsidiary), reflects on the resilience at Satyam, “To be faced with a crisis the magnitude of what Satyam dealt with and then one year later to be reborn and vibrant in a new avatar speak volumes about the value of a strong leadership culture. This resilience is the result of years of painstakingly implemented leadership strategies.” The authors stress the need for developing leadership guidelines in order to leverage learning and to assist leaders with the complicated people and relationship dimensions of the business. You can use these 12 guidelines as a basis for coaching conversations:
Posted by Michael McKinney at 04:00 PM
TrackBackTrackBack URL for this entry: |
|
Copyright ©1998-2012 LeadershipNow / M2 Communications All Rights Reserved All materials contained in http://www.LeadershipNow.com are protected by copyright and trademark laws and may not be used for any purpose whatsoever other than private, noncommercial viewing purposes. Derivative works and other unauthorized copying or use of stills, video footage, text or graphics is expressly prohibited. LeadershipNow is a trademark of M2 Communications. |
Comments
Loved the 12 guidelines. I really enjoyed reading the blog post. I expectantly liked #6, #8, and #10. Thanks for sharing
Posted by: Dan Black | June 22, 2010 09:36 PM
love the post--how specifically can you "assess and rebuild" the trust in your organization?
Posted by: Anonymous | June 24, 2010 10:21 AM
Great guidelines! We should follow these guidelines to rebuild the American economy.
Posted by: Judith Gargyi | June 24, 2010 12:29 PM
It makes sense that when faced with crisis, businesses focus on "salvaging customer relationships and brand identity" since they are trying to survive.
I hadn't considered the employee side of the equation, that without communicating turnover increases and that just ends up costing the company more. Thanks for the insight.
Posted by: T Welch | June 24, 2010 04:55 PM
Excellent approach that appears applicable for leaders in all fields. Thanks for sharing this. Interesting how India is emerging with such dynamism, with so many lessons for America.
Posted by: James Strock | June 24, 2010 11:07 PM
Great review of an intriguing management strategy! I have included your post in my Rainmaker 'Fab Five' blog picks of the week (found here: http://www.maximizepossibility.com/employee_retention/2010/06/the-rainmaker-1.html) to make my readers aware of this leadership philosophy and help them through the turbulent times we are all facing.
Be well!
Posted by: Chris Young | June 27, 2010 08:55 PM
This is a great article, the information here is very helpful. I look forward to reading the book.
Posted by: Karen Manara | July 11, 2010 08:04 PM