The CEOs Yellow Brick Road

1
The CEOs Yellow Brick Road

• Dianne Watts, Senior Lecturer

2
Professor Dennis TaylorHead, School of
Accounting Information Systems

• Welcome Introduction

3
Globalisation, Deregulation, Technology

• The New Leadership Challenges for Chief
  Executives

4
PW Bridgman, The Intelligent Individual and
Society, p.10.

• The totality of situations with which we are
  confronted, including society in its economic,
  political, aesthetic, and religious aspects, is
  enormously more complex that the situations
  presented by any well defined scientific activity
  such as physics or chemistry.

5
Chester Barnard, PresidentNew Jersey Bell
Telephone Co.

• It is apparent that what an isolated man would
  recognize as limitations lie generally in the
  physical environment since his powers are not
  greatly variable. adaptation consists of the
  choice of easily available alternatives. we
  regard the physical factors of the environment as
  fixed, and the biological characteristics of men
  their powers are restricted.

6
Why are the leadership challenges important?

• The limits of the physical environment are gone.
• The rules for playing the game have changed.
• The biological powers of humans have been
  enhanced.

7
The Death of Distance, Cairncross

• How the communications revolution will change our
  lives.
• The fall in the cost the increase in the
  capacity of communications over long distances
  herald a revolution of a different sort.
• Innovation becomes a global game that everyone
  can play.

8
J.W. Nevile, Deregulation and the welfare of the
less well off IJSE 1996

• Over the 1980s, private income fell in all
  quartiles but the top
• Increase in unemployment
• Discussion dominated by economists sometimes
  excluding factors other than efficiency.
  Simonis,Institutions and the imperfect market
  IJSE 2832, 2001

9
The Internet, the Wired World, Biotechnology

• Ability to see, hear, and talk to people not in
  physical proximity
• Ability to access stored human knowledge
• Ability to change personal and biological destiny

10
What are the Leadership Challenges?

• To see the world differently
• To embrace innovation change
• To tread the lifelong path of learning

11
Seeing Differently A Boundaryless World,
K.Ohmae

• Service attractive markets
• Tap attractive pools of resources
• IT makes it possible to control operations
  remotely

12
Embracing Innovation ChangeFindings from
Business Council study

• Innovation is an imperative for international
  competitiveness
• Implementing innovation is about people
  enterprises
• Five success factors customers, supply system
  leadership systems resources
• Need to develop deeper understanding of the
  nature of innovation in Australia

13
The Path of Lifelong Learning

• Stretching capabilities
• Putting education training higher on the
  national agenda
• Management education training is an export
  product

14
How can Leaders Meet the Challenges?

• By accepting the inevitability of change
• By envisioning desired outcomes
• By taking action

15
(No Transcript)
16
Stages in the Leaders-in-Action Model

• Becoming aware of impending change
• Assessing the corporate landscape
• Recognising the potential benefits
• Determining the strategies actions
• Watching out for danger

17
Becoming aware of impending change

• Change is inevitable.
• I have no power to stop it.
• It would be foolish to try.
• Its my job as leader to read the environment for
  opportunities threats.
• It can be a threat if I ignore it an opportunity
  if I am smart enough to use it.

18
Assessing the corporate landscape

• What do I know about it personally?
• How is it affecting my organisation?
• Are we successful in what were doing now?

19
Recognising the potential benefits

• What can it do to help me be a more effective
  leader?
• What can it do to help the organisation to
  achieve its goals?

20
Determining the strategies actions

• How can I best influence the effective use of it
  to achieve my objectives?
• What should I do personally?
• What can I delegate to others?

21
Watching out for danger

• What are the pitfalls?
• Who do I need to be wary of?
• Who can undermine the success of the change
  process?

22
What if leaders successfully meet the challenges?

• Good for business
• Good for people
• Good for Australia
• Good for the world

23
Examples of what happens when leaders meet the
challenges?

• Better supply processes
• New better products services
• Combining processes products
• Technological breakthroughs
• Acute market judgement
• Across-the-board improvements

24
Rabindranath TagoreNobel Laureate for Literature
1913

• Where the mind is without fear and the head is
  held high Where knowledge is free Where the
  world has not been broken up into fragments By
  narrow domestic walls Where words come out from
  the depth of truth Where tireless striving
  stretches its arms towards perfection Where the
  clear stream of reason has not lost its way Into
  the dreary desert sand of dead habit Where the
  mind is led forward by thee Into ever-widening
  thought and action Into that heaven of freedom,
  my God, let my country awake.

25
The Wizard of Oz

• Brain
• Heart
• Courage
• Home

• Learn
• Desire
• Willing
• ?

26
Thank you for attending

• The CEOs Yellow Brick Road