1: In the year 2000, Blockbuster was sitting pretty.
The company was “the undisputed leader in movie rentals,” Geoff Woods writes in The AI-Driven Leader. “Millions of customers flocked to their local stores every weekend, driving annual revenues to a staggering $8.7 billion, with $1.4 billion in profits.”
Then, a startup called Netflix pioneered a new concept: DVD rentals by mail, with no late fees.
“The idea quickly caught … continue reading
1: “It’s ten years out, and Netflix is a failed firm. Estimate the probabilities of the different causes.”
That’s the exercise Netflix CEO Reed Hastings poses to his leadership team.
“Let’s say one cause is that a plane crash takes out Netflix’s headquarters,” Carolyn Dewar, Scott Keller, and Vikram Malhotra write in their book CEO Excellence: The Six Mindsets That Distinguish the Best Leaders from the Rest.… continue reading
1: Imagine taking our seat at a classical music concert. We arrive early, and the orchestra is warming up.
“And it’s a very unpleasant noise because they’re all doing their own flourishes,” observes U.S. Bancorp CEO Richard Davis in CEO Excellence by Carolyn Dewar, Scott Keller, and Vikram Malhotra.
“Suddenly, they stop,” Richard describes. “And then out of stage right comes a human being holding nothing more … continue reading
“Culture is coded wisdom.”-Wangari Maathai
1: Seen the movie City Slickers?
At the heart of this classic 1990s comedy is the relationship between Mitch, a Manhattan yuppie played by Billy Crystal, and Curly, a tough, wizened cowboy played by Jack Palance.
Curly tells Mitch, “It all comes down to one thing. You focus on that, and everything else don’t mean s#&t.”
Mitch is confused. He asks Curly … continue reading
1: Getting better at getting better is what RiseWithDrew is all about.
Monday through Thursday, we explore ideas from authors, thought leaders, and exemplary organizations. On Friday, I share something about myself or what we are working on at PCI.
This week, we’ve been examining some lessons from Carolyn Dewar, Scott Keller, and Vikram Malhotra‘s terrific book CEO Excellence.
Specifically around the importance of not only … continue reading
