Change or Perish

“Jack (Welch) was a great CEO, but he really controlled his world. Those days are over. I’m in the risk-management business. You’re not in the control business today, you’re in the risk-reward business.” - Jeff Immelt, CEO GE

Insight
The accelerating impact of technology on the natural forces of market competition are taking the world by storm & the unconventional business model adopted by Facebook, Twitter and WhatsApp of: get users, get them to use more of your product/service & then make money is difficult for traditional businesses to understand, says Uday Kotak. “As a banker, when I sleep at night, I worry about whether I’ll have a bank next morning, or will there be an Ali Bank or a Flipkart bank or some other bank doing  what we do.” he says.

Jeff Immelt & Kishore Biyani's no risk, no reward attitude of reinventing yourself is the way forward.

The Art of Leadership

"The art of leadership is not to spend your time measuring, evaluating. It’s all about selecting the person. And if you believe you selected the right person, then you give that person the freedom, the authority, the delegation to innovate and to lead with some very simple measure.” - Pierre Nanterme, CEO Accenture.

Insight
As a leader how much do you trust yourself to trust your people? How much do you trust yourself to tell your people what to do and let them do it their way?

Lifework Results Calculator

Entrepreneur Kazuo Inamori believes the formula for calculating the results of someone's lifework is Attitude x Effort x Ability.

#My Learning   
To work the formula into my life I have to commit to an:
Attitude: Constantly demanded perfection for yourself.

Effort: When launching a new project start off with a dream. Once the planning stage begins, become a pessimist in order to recognize every possible difficulty, then it’s back to optimism for thee execution.

Ability: Live by the belief that you have the ability to do anything