From the monthly archives:

June 2009

Is Leadership About Nature or Nurture?

by Daria Steigman on June 25, 2009

Do you have what it takes to be a leader? And is this even the right question to ask?

John Ryan, president of the Center for Creative Leadership and a former superintentent of the U.S. Naval Academy, has a great column in Business Week that posits that leadership has as much to do with environment as it does with innate abilities. He writes:

If you live in a culture where your colleagues believe you can be a leader and help you develop the skills you need, you will enthusiastically embrace the mantle of leadership… [R]egardless of your occupation, you will view yourself as a leader at home, at work, and in your community. But if you live in a culture that assumes leadership is not for everyone, is dependent on whether you have innate leadership skills, and that leadership is defined by your job title rather than your actions, you will have an entirely different view.

With this concept in mind, Ryan then suggests that organizations need to look at how they manage employees and whether their corporate culture permits risktaking.

This is interesting stuff, not least because of its implications for entrepreneurship. If we applied Ryan’s model to the typical entrepreneur, would we find a similar mindset?

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Should Industry Expertise be a Deal Breaker?

by Daria Steigman on June 17, 2009

At least once a month someone asks me if I have expertise in their industry, whether they’re building widgets for tow trucks or rockets for NASA. And it has always struck me as the wrong question. I can learn about you; don’t you want to know if I understand what a business model is, or how you might best reach out to your audience?

With that in mind, a huge “thank you” to GM’s new chairman, Edward Whitacre, who told Bloomberg News in an interview:

“I don’t know anything about cars. A business is a business, and I think I can learn about cars… I think the business principles are the same.”

The quote is reprinted in John Baldoni’s terrific blog post on what outsiders need to succeed in an organization. He talks about intelligence, people skills, and strong will. It’s worth a read.

So what do you think? Is industry expertise a deal breaker for you?

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What Twitter Tells Us about Innovation in America

by Daria Steigman on June 5, 2009

TIME Magazine has a terrific article about how Twitter is changing us. It’s well-written, and author Steven Johnson looks at Twitter not just as a fad tool for celebrities, but also as a platform that is changing how we are interconnected. A sample:

But watch a live mass-media event with Twitter open on your laptop and you’ll see that the futurists had it wrong. We still have national events, but now when we have them, we’re actually having a genuine, public conversation with a group that extends far beyond our nuclear family and our next-door neighbors.

What’s most interesting to me, however, is how Johnson cites Twitter, TiVo, Wikipedia, America Online, Amazon, and a few other companies and products to make a point about American innovation:

We didn’t build the Prius or the Wii, but if you measure global innovation in terms of actual lifestyle-changing hit products … the U.S. has been lapping the field for the past 20 years.

Johnson then goes on to talk about the difference between building the mousetrap and perfecting it. It’s thought-provoking stuff.

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Blogging for Business Value

by Daria Steigman on June 4, 2009

Have you ever wondered why a growing number of small businesses are investing time and resources into starting and maintaining a blog?

My latest column for CW Bulletin is out, and the topic is blogging for business value. While there is no magic formula for business success, a well-written, well-focused blog can be an effective way of promoting yourself by adding value for your multiple stakeholders.

The column looks at three key reasons why, if you don’t have one, you might want to consider starting a business blog:

  • content
  • thought leadership
  • street cred

Plus it features insights from Marc Meyer and A.J. Leon, both of whom know a little something about successful business blogging.

Read the column here, then come back and let’s talk about why you are (or aren’t) blogging for your business.

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Rewrite the Rules–and Thrive

by Daria Steigman on June 2, 2009

Have you ever beaten out a bigger competitor to win business? How did you succeed?

Succeeding in business is all about understanding your competitive advantages and playing to them. For entrepreneurs and many small business owners, that can also mean leveraging lean operations and structural advantages to rewrite the rules to level the playing field.

Peter Bregman’s great post looks at Somali pirates, schoolyard games, and major league baseball to show how it’s important to “play the game you know you can win, even if it means inventing it yourself.” It’s worth the read.

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