Founded in 1922, Ivey Business School is based at Western University in London, Ont., with learning centres in Toronto, Hong Kong and Mumbai. Known for its case teaching method and thought leadership, the school’s mission is “to develop business leaders who think globally, act strategically and contribute to the societies in which they operate."
Not everyone can see or understand how they are perceived by others. And because we often are forced to deal with egotistical people whether we like it or not, it pays to understand how to negotiate with a narcissist.
By Thomas Watson Getting up at 6 a.m. to do extra work is admirable, especially when the extra work in question involves programming robots, not to mention designing a high-tech dog feeder to fight pe...
Whether Trump's supporters see it or not, character in the White House matters more today than ever before, especially if the goal is to make America great. After all, the thing that set America apart in the past was its ability to create wealth while maintaining at least a perceived commitment to religious tolerance, equality and freedom.
Failing to access leadership character can clearly be expensive. As Ivey Business Journal recently pointed out, fraud resulting from mismanagement at Wells Fargo has already cost the bank about US$300 million in fines and pre-settlement investigative costs while wiping out something like US$6 billion in shareholder value.
When it comes to the raging global competition for foreign direct investment, Canada has not been doing great on the showing-well front. This is particularly true for the manufacturing sector because pride has focused our collective attention on the controversial need to help attract FDI via taxpayer-funded financial support.
Instead of developing contingencies, leading firms will disrupt themselves to come up with new business models that allow them to stay ahead of the competition. In other words, the new normal requires business executives to proactively deal with disruptions like Brexit before they occur.
Having more time to pursue passions, nurture relationships and stay active improves worker productivity by making employees happier while giving them more energy emotionally and physically. Furthermore, a five-hour workday bakes in time management by forcing employees to prioritize high-value activities.
Even visionary company founders need lots of help navigating the road to success. And that help includes everyone from the suppliers who influence product profitability to the financial backers who dictate a start-up's ownership distribution. And it is no secret that these critical partners dislike doing business with jerks -- even visionary jerks.
The fact is, many good people -- too many -- fall into the trap of simply accepting that it is appropriate to use technicalities and loopholes to break the principles behind rules when they think they can get away with it or if someone else says they can get away with it. And that's how we lead to scandal upon scandal in the worlds of finance and politics.
After all, while you may not be dedicating significant time and resources to focusing on customers like never before, it is a safe bet that someone else is passionately working on how to revolutionize the customer experience you currently provide, hoping to put you out of business.
The problem with using stock graphs to decide whether or not it is time to sell a company's shares has to do with the importance that people place on observations. Simply put, the most recent past is frequently seen as more diagnostic than the distant past, and so lines on a graph can be misleading.
Eva Mozes Kor turned to Hallmark in the mid-1990s when looking to thank a former Nazi for going on the record about his job monitoring the gas chambers that murdered her parents and two older sisters. Forgiveness, she argues, delivers internal peace while clearing the mind of hate, making people more content and productive in both their personal and professional lives.
Although the Toronto Blue Jays didn't go all the way this year, they clearly didn't lack character. Character, of course, is a loaded word. Like competencies and commitment, we know it is essential for individual, team and organizational success. But what exactly is character? And what about it leads to success?
The essence of good risk management is asking appropriate questions and getting truthful answers. And so, if a CEO doesn't make it clear that he expects unethical behaviour to be outed by managers asking tough questions, then it probably won't be outed. This clearly didn't happen at Volkswagen.
It is generally assumed that aversion to risk is one of the biggest obstacles to Canadian innovation, but only 10 per cent of Canadian businesses are truly risk averse. The big issue is apparently an inability to align risk-taking with financial capacity -- rational risk-taking obviously involves being able to survive the potential negative consequences of your actions. And that's a key lesson buried in the aftermath of the hacker attack on the controversial Ashley Madison online affair service.
Greece does not have its own currency to devalue to gain economic relief. And so the nation's debt problem can't be fixed by issuing more loans with conditions that kill economic growth. If truth be told, there has never been a bailout designed to bail out the Greeks. The aid issued to date has been all about buying time to play musical bondholders.
The big question popularized by the Terminator franchise is whether or not we mere mortals need to worry about a real-life version of Skynet leading a takeover of humanity. The good news according to Owen Shapiro,is that all we really know about the future is that the so-called "Rise of the Machines" will create business opportunities for respected brands.
Leaving aside the fact that getting Ottawa out of the red required Finance Minister Joe Oliver to deploy some skillful manoeuvers, not to mention seek a little help from contingency funds, the budget delivered this week clearly demonstrated spending restraint that is not as common as one might expect in today's economic environment.
Apple's power to invoke fear in other industries is directly related to Jobs's success as a market disruptor. But while the consumer adoption rates of the revolutionary products created under his leadership are worth trying to emulate, the character of the man in question is not.
When it comes to the reputation of the financial sector, the good news is that a Google search for banker jokes turns up only 534,000 results, while a search for lawyer jokes garners more than 10.5 million hits. The bad news is that unethical behaviour in the legal profession appears to cost the world much less than marketplace tomfoolery conducted by so-called financial professionals.