Week 7 Forum - Leadership Development

Week 7 Forum - Leadership Development - #2 He makes the...

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I found an interview with the CEO of 3M, George Buckley. He discusses the success of the 3M leadership development program, along with the reasons that it has been listed near the top of Chief Executive magazine's list of companies that are best at developing future leaders. In the interview, I found a number of things that I thought were interesting. #1 He believes that a person needs to be refreshed about every four years by changing their jobs. Most of the places that I have worked had people that have been in the same job for many years. In many of those cases it seemed as thought the person no longer had a passion for their job and was merely collecting a paycheck. I'm glad to see that it's not just me that has that thought.
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Unformatted text preview: #2 He makes the point that while many companies believe that they can't afford to spend money on leadership development, he makes the case that it's just the opposite - companies can't afford not to spend the money developing their future leaders. It seems like this would be obvious, but there are lots of examples of companies making cuts to programs they should be focusing on. #3 Firing the bottom 10% of an organization's workforce based on their performance may sound tough, but it was a plan used by GE CEO, Jack Welch. Mr. Buckley agrees with the basis of the concept. If someone is performing poorly, they need to be let go. http://www.usatoday.com/money/companies/management/advice/2009-05-17-buckley-3m-leadership_N.htm...
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This note was uploaded on 02/22/2012 for the course MGMT 620 taught by Professor Pogue during the Spring '12 term at Chadron State College.

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