Julie Smolyansky was just 27 years old when she became CEO of Lifeway in 2002 after the death of her father. In this interview, Smolyansky emphasizes the value of taking risks, trusting your instincts and being grateful for the learning opportunities that come with professional setbacks.
Decisions should be preceded by an examination of your thought process, the leading options and possible consequences, but a decision cannot be put off, says John Baldoni in this blog post and video. "When an executive wavers over a major decision, the organization remains in stasis," he says.
The harder a problem is to solve, the more it helps to take an experimental approach to solving it, writes Adam Kahane. Leaders need to allow teams to run tests without expecting to find solutions on the first try, he writes.
Any business affected by regulatory changes needs to engage in the decision-making process early, writes Mike Figliuolo. Let regulators know how proposals will help or hurt your business, as well as how a rule or law can be best interpreted, he writes.
Relying too much on notes or a script undermines a speaker's authority, credibility and ability to connect with an audience, writes Anett Grant. Speech anxiety increases when you have to worry about losing your place in a script, so practice with notes only until you feel confident enough to speak without them, she writes.
Small, autonomous and agile teams need executives to remove bureaucratic barriers so new ideas get to market faster, write Oliver Bossert, Alena Kretzberg and Jurgen Laartz. These teams should be allowed to explore areas of importance to customers, with the caveat that "they make incremental changes that can be rolled back with ease if they don't work out," the authors write.
TaskRabbit CEO Stacy Brown-Philpot learned while managing Google's operations in India that her employees there wanted top-down leadership. "My style is to naturally be consensus-driven, so I had to immediately adapt," she says.
The word "meme" is a cross-cultural phenomenon thanks to the internet, as it is a popular English word in many European countries. The word dates to 1976, when Richard Dawkins coined it to mean "a container for an idea or a unit of culture, like a fashion trend or blues melody," Nikhil Sonnad writes.
US District Judge Edward Davila on Friday ordered that a class-action lawsuit against Walmart go to trial, citing the number of disputed facts. The case, regarding whether cashiers should be allowed to sit while working, is set for trial in October.