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| Source: Flexjobs |
Eleanor Pringle has written a good column for Fortune titled, "Do’s and don’ts of layoffs: These are the things you should never post on LinkedIn if you lose your job."
Musings about Leadership, Decision Making, and Competitive Strategy
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| Source: Flexjobs |
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| Source: Car and Driver |
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| Source: SHRM |
If your students consistently do not ask questions, you should wonder about your relationship with them. They are not quiet because your explanations are so brilliant and clear. They're quiet because they see asking a question as taking a risk. Ask yourself why that is.
What a terrific thought-provoking statement for teachers to ponder. Now replace the word students in the first sentence with the words "team members" or "employees" and consider the implications for leaders at all levels. If your people are not asking you questions, you have a problem. Silence doesn't suggest that you have articulated your vision, goals, and strategies clearly and persuasively. Silence suggests a problem with the climate you have created.
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| Source: NIH |
Resilience has been defined as the capacity to withstand or recover quickly from difficulties (Oxford dictionary). In a 2021 Harvard Business Review article, Rob Cross and his co-authors explained why we should care a great deal about resilience in our organizations. They wrote, "Resilience has been shown to positively influence work satisfaction and engagement, as well as overall well-being, and can lower depression levels. There is even evidence that resilience can help protect us from physical illness."
Cross and his colleagues make a very important point about resilience though. They push back against the conventional wisdom which suggests that resilience is an internal trait. According to this line of thinking, it's something deep down inside of you that can be drawn up to overcome challenges; if you lack resilience, you somehow are flawed. Cross and his co-authors offer an alternative perspective:
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| Source: TechTarget |
The UCLA Anderson Review recently published a feature article titled, "Pay Transparency: Will It Help or Hurt Workers?" The article focused on the work of Harvard Business School Professor Zoe Cullen and Brown University Professor Bobak Pakzad-Hurson. These scholars found that employers with non-unionized workforces might capitalize on the newly available data about salaries across a wide range of firms to drive a very hard bargain with job candidates. As a result, the transparency laws might depress starting wages. Here is an excerpt from the article:
More research clearly must be done, and this paper's conclusions from analysis of the TaskRabbit platform might not apply to the broader labor market. Still, the study suggests that more attention must be paid to the actual impact of these new transparency laws, rather than simply assuming that they will benefit employees.
Several years ago, I wrote a case study about Planet Fitness, the "Judgement Free Zone" chain of fitness centers. Therefore, I tend to follow the gym industry. On New Year's Day, premium fitness center chain Equinox posted the following message on social media. It created quite a stir.
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| Source: Verywell Mind |
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| Image Source: Wikipedia |
Interestingly, new research by Giacomo Negro, Balázs Kovács, and Glenn Carroll explores this very question. The scholars published their work in the American Sociological Review earlier this year. These scholars studied professional musicians. In fact, they collected data on more than 125,000 albums by a wide variety of musical artists. Negro and his colleagues examined how artists' work evolved after either winning a Grammy award vs. earning a nomination but not winning an award. The researchers discovered that Grammy winners tend to "release albums that are more likely to stand out stylistically from other artists." In contrast, the nominees who did not win awards tended to produce subsequent music that was more similar to the work of fellow artists.
Negro and his colleagues argue that winning an award inspires musicians to take a chance and produce new music that is original and adventurous. They try different styles and even explore new genres. The scholars use the Irish rock band U2 as an example. The band earned Grammy awards for its groundbreaking Joshua Tree album in the late 1980s, yet Bono and his bandmates chose to try on a very different style with the subsequent album, Achtung Baby. They went on to earn a Grammy award for that music as well.
What happens when artists simply get nominated, but fail to win an award? They appear to become more conventional. Why? Negro argues, "One possible interpretation is that the nominees interpret the feedback on their artistic choices as essentially negative feedback or a negative signal that what they tried to do did not win them the award."
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| Source: www.reliantsproject.com/ |
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| Source: CNBC |
I think Gap could learn a great deal from the turnaround led by CEO Gina Drosos at Signet Jewelers. Her company owns several major jewelry chain brands (Zales, Kay, Jared). Fortune recently profiled Drosos and her work improving performance at Signet. Here's an excerpt from the article by Phil Wahba:
Why don't leaders trust their team members in these spots? Maddox argues that leaders often don't believe in the skills and expertise of their team members. However, leaders do believe in themselves, yet sometimes that confidence is not well-grounded. The situation may be far more complex and/or novel than the leader would like to admit. They need help from their team members; they cannot solve it alone. However, they somehow convince themselves that they can rectify the situation without assistance. It's hero complex 101.
Maddox explains how the military uses various simulations and training exercises to develop the skills of team members. An investment in training and development does not only help the team members hone their skills; it builds the leaders' confidence in their team members. Leaders need to find time to see their team members in action in a lower-risk, safer space.
He explains that a good leader doesn't simply issue orders in these training scenarios. Instead, the effective leader inquires as to how various people on the team would try to solve a specific probelm. He calls this Socratic approach "walking in autonomy." It's essentially a conversation in which the leader coaches and mentors, rather than solving the problem directly. Then, Maddox advocates using the "after-action review" to analyze the decisions that have been made and the impact those choices had on the results - good or bad. Providing time for reflection, feedback, and learning proves crucial for employee development, and these activities help build the leader's confidence in the people throughout the organization.
| Source: Intel |
Bryant also recounts the legendary story of former Intel CEO Andy Grove contemplating how his replacement might adopt a very different strategy facing the specific circumstances challenging the firm in the early 1980s:
"Grove asked Gordon Moore, Intel’s cofounder, 'If we got kicked out and the board brought in a new CEO, what would he do?' Moore responded by saying that a new CEO would take Intel out of the memory-chip business. 'Why shouldn’t you and I walk out the door, come back and do it ourselves?' Grove responded. And that’s what they did. They shifted Intel from memory chips to microprocessors, a crucial pivot that led to decades of prosperity for the company."
Bryant offers a compelling argument for why leaders should consider what might happen if they were replaced. How might a new person look at the situation? What other perspectives might be helpful to me now? Am I stuck in a certain mindset or beholden to certain assumptions that may no longer be valid? Leaders at all levels absolutely should ask themselves these questions from time time.