CFO Outlook; Top 5 Biz Books 2012; Reverse Aging; Holiday GiftsNovember 15, 2012
Urgent Vote before 11am ET; 5pm GMTNovember 23, 2012
"…out-learning the competition"
|We're fully stored, why
don't we focus on improving the existing stores that we have rather than
growing for growth's sake?
|Frank Blake, CEO, Home Depot|
Gratitude at Work
— Toby Jenkins, CEO of Australia-based
notes "we've been inspired (by Barrett Ersek's gratitude video) to implement
gratitude as a key part of our Daily,
Weekly, Monthly and Quarterly rhythms. Here's a blog post Toby wrote on their
Gratitude At Work. One key is encouraging peers to show gratitude with each
other for living the company's values and brand promises – a powerful way to
keep your culture strong. And
here's a link to Barrett's complimentary 15 minute presentation on the
importance of Gratitude – something powerful to re-watch during this
Thanksgiving season in the US – just register and enjoy.
Businessperson of the Year
— …and Fortune Magazine's winner is Jeff Bezos, CEO of Amazon. Driving
revenues up another 31% this past year, Bezos has some unusual management
practices, including what he calls "narratives" – six-page memos that his senior
team read in silence together!!
Take seven minutes (it's long but worth it) and read this fantastic
narrative on Bezos and Amazon.
— Notes Fortune, "Bezos says the act of communal reading guarantees the
group's undivided attention. Writing a memo is an even more important skill to
master. 'Full sentences are harder to write,' Bezos says. 'They have verbs. The
paragraphs have topic sentences. There is no way to write a six-page,
narratively structured memo and not have clear thinking.' This is exactly why we
at Gazelles discourage leaders from sending around big documents for people to
read ahead of time. Better to bring it to the meeting and have everyone read it
right then and there – and then debate, dialogue, and decide.
Better to be Kind than
— known as a tough, straight-talking CEO, Bezos, nevertheless, learned a lesson
about kindness vs. cleverness – a story Bezos shared about a time when he made
his grandmother cry. This and a classic Panera Bread story in Bill Taylor's
HBR blog from August – worth 2 minutes to read.
When Not Growing Is Growth
— Home Depot has seen its stock skyrocket 70% this year after pulling out of
China and halting the expansion of more stores. Sometimes the best growth
strategy for 2013 is to not grow, but to get your own house in order first.
Take 3 minutes to read how Frank Blake, CEO of Home Depot, along with
Starbucks and Ford, has bucked the trend to grow, for the time being, to affect
a major turnaround of the business.
— Tim Ferriss's new book was released today – which has less to do with cooking
and more about how to master/learn anything. I must downloaded and look forward
to reading over the long Thanksgiving holiday weekend – probably a 4 hour read!
— Thanksgiving in the US – a perfect time to thank customers for making a great
decision to do business with you. And what better gift over the next month of
holidays than a book (put a box in your trunk and pass out at biz luncheons and
customer visits with a personal note in each) – maybe one of the top 5 or
The Greatest Business
Decisions of All Time – something quick to read that will spur ideas for
their own business and provide important historical information on 18 of the
greatest business decisions ever made. Bulk discounts available.