In part one, we took a look at the slump that the oil industry is currently experiencing. Although the prevailing opinion among those in the field seems to be akin to “Batten down the hatches and wait for this to blow over,” R. Todd Bennett of Caldwell Partners’ Dallas office argued that leaders should use the situation as a chance to make management changes, consolidate their companies and streamline corporate operations.
For people who make their living in the oil industry, it’s tricky to find an up-side to the recent precipitous drop in energy prices. (more…)
In part one, we acknowledged that there are almost as many different theories about what constitutes good corporate leadership as there are members of the C-suite themselves.
There are almost as many different theories about what constitutes good corporate leadership as there are members of the C-suite themselves. Many different elements have contributed to this diversity of opinion, from the prevailing wisdom of the time (for instance, the “Rule with an iron fist” mentality of yester-decade) to various experts’ eagerness to share what has worked for them.
It’s no secret that the oil industry in Western Canada has faced significant instability of late.
When companies need an influx of funding, they often turn to private equity firms for help, but they are sometimes unaware of the changes these firms will require them to implement in exchange for a financial boost.
Analysts from IT research and advisory firm Gartner presented the top 10 tech trends they believe will have a significant effect on organizations in 2015 at the recent Gartner Symposium/ITxpo. In part one, we took a look at the first five predictions.
Recently, analysts from top IT research and advisory firm Gartner presented the top 10 tech trends they expect to significantly impact organizations in 2015 – but what factors go into making a significant impact, exactly?
As startups grow, they must undergo many changes in order to continue building their strengths. For instance, as individual departments expand, middle managers will need to be appointed. In the same vein, as running the company at an executive level becomes too big of an undertaking for the founder to handle alone, he or she must engage in executive search and recruitment efforts to bring on new members of the C-suite.
Venture capitalists have increased the attention they are paying to companies involved in the health care technology space, according to Reuters. Their primary goals are to capitalize upon the transition to electronic health records and take advantage of the rising popularity of personal health monitoring tools such as mobile applications, which can be leveraged via smartphone, tablet, wearable technology (smart watches, for instance) and other devices.
As a result of the Great Recession, the frequency of mega-mergers plunged over the past five years amid economic instability and fears of further upheaval. Now, however, it looks like big corporations are finally done holding back – at least if the recent pace of merger and acquisition activity is anything to go by.
Cloud computing has greatly influenced the corporate landscape, becoming a popular technology that delivers a broad range of benefits. CIOs may have once been hesitant to embrace the possibilities of cloud environments in the past, but they should use this opportunity to implement such services to achieve a number of advantages over aging equipment that cannot keep pace with ever-changing industry demands.
Entrepreneurial CEOs believe what they do and the products they create will change the world. By nature, they are agile, creative and comfortable dealing with uncertainty. Their laser-like focus on how to fix a specific problem allows them to clearly see the solution. Charles Handy wrote in his book The New Alchemists, that entrepreneurs also share two key traits – dedication and doggedness. Combined, these qualities allow entrepreneurs to build businesses with huge potential. (more…)
Just a few short years ago, the term "bring your own device" meant little in the corporate landscape. Since then, BYOD has skyrocketed in popularity, and the majority of firms across virtually all industries have integrated the approach into their daily operations in some capacity. What's more, projections from top research organizations suggest this momentum won't slow down anytime soon. On the contrary, BYOD is set to go from strength to strength.
The C-suite is larger than it has ever been. In fact, a Harvard Business School study published last year revealed that executive recruiting is booming and CEOs have double the direct reports today than they did in the 1980s. With so many more people in the equation, is it any wonder that tension has a tendency to crop up from time to time?
Now more than ever, companies are understanding the value of corporate culture in everything from boosting employee morale to engaging in more successful executive search and recruitment. (more…)
Seven in 10 CIOs will be shaking up their firms’ technology and sourcing relationships over the next couple of years, spurred by the desire to be as prepared as possible for a digital future that is coming ever-closer, according to a recent global survey of CIOs by Gartner’s Executive Programs.
For some members of the C-suite, the concept of relying on big data can be unnerving.
Now more than ever, health care organizations in the United States need to reduce operational costs while being able to share patient information with each other. The Affordable Care Act and the regulations set by the Center for Medicare and Medicaid Services, the latter of which calls for the implementation of electronic health records and nationwide re-focus toward value-based care, have provided the perfect opportunity for hospitals to use data analytics.
If you thought managing the retail supply chain was a headache, consider the tall task of transporting oil and gas.
What is a leader? A quick Google search brings up pages and pages of quotes, editorials, books and more, all attempting to answer this deceptively simple question, suggesting there’s more to it than meets the eye.
Serving on a corporate board can provide executives with valuable perspective and insight beyond your own company. However, before embarking on a search for a board seat, it is wise to do your homework. (more…)
Cyberattacks are becoming increasingly prevalent, and this trend is only set to continue over the coming months and years. A study from Weil, Gotshal & Manges released last month noted that public directors are responsible for protecting their companies from cybersecurity-related risks.
Cyberattacks are an unfortunate reality of this day and age, and they pose a very real threat to companies across all industries. What’s more, the problem is only getting worse. (more…)
Communication skills are a core part of an executive’s arsenal, but even leaders who excel in this regard can sometimes fall victim to common conversational mistakes – and this is especially the case when tensions are high and the topic of discussion is contentious.