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  • Jack Welch's lessons from the top | Business Spectator
    world pays close attention It is no surprise that his lessons on management captured the most attention at this week s World Business Forum in New York In a wide ranging Q A session that covered the global economy education and politics Welch outlined what he felt was needed to be successful at the top There is one characteristic that great leaders continue to have and that s what I call the generosity gene he told the audience of business executives They get excited by their employees success The generosity gene according to Welch is what defines leaders all the way down the workforce hierarchy It s the person who loves to see people promoted he explained with fervour It s the person who can t wait to give a raise to people It s the person who is excited to take an idea from someone and give it to their boss and credit the person not take it as their own Linking the leadership discussion to the current Washington impasse which he downplayed as not the biggest deal in the world the former GE boss expressed his confidence in the theory translating as well to politics as it does to corporate environments It takes personal skills he confided I would say without criticising the president this isn t one of his strengths Welch was famous for not only presiding over a company that added 400 per cent in value during his tenure but also for ruthless new age management techniques One such approach was his commitment to cutting any division which was not number one or two in its category a tactic since imitated by many executives worldwide Another was his culling of the bottom 10 per cent of managers every year irrespective of the overall company performance This was done through measuring values not just performance If you put the two on equal footing when measuring the worth of an employee Welch asserted then the culture of the business will be defined as you please He contended the retention of staff with high performance but lousy behaviour was what wrecks every company and referred tongue in cheek to this group of people as the horse s ass that kicks down and kisses up Harsh though it may sound the avoidance of problem staff members requires gradings and Welch is ready to deflect criticism about the potential impact this could have on morale So it s okay to grade a 17 year old but it s cruel to grade a 35 year old he mused People say it hurts teamwork but not if you value teamwork Since stepping away from the New York based conglomerate back in 2001 Welch has turned lessons on leadership into a business in its own right while also turning his hand to private equity Through this his passion for business endures and he remains unafraid to challenge the status quo A query of appropriate incentives from the learned audience was met with criticism of

    Original URL path: http://www.businessspectator.com.au/article/2013/10/4/leadership/jack-welchs-lessons-top (2014-01-12)
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  • Business eyes practical G20 outcomes | Business Spectator
    Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Business eyes practical G20 outcomes 19 Sep 2013 3 37 PM 1 Economy Australian News Global News Leadership B20 group of local executives will take actionable plans on trade infrastructure and labour to 2014 summit You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP with a staff reporter Business leaders plan to use Australia s presidency of the G20 to forge international agreements on trade infrastructure and labour issues in an effort to boost global economic and employment growth Australia takes over the presidency of the G20 and its business advisory forum the B20 from Russia on December 1 The chief executives of some of Australia s biggest companies met in Sydney today to work on recommendations for the agenda B20 Australia chairman Richard Goyder said the group had chosen to focus on trade facilitation infrastructure and labour and was working towards specific recommendations ahead of a summit of global business leaders in Australia next July Our focus will be on providing recommendations to the G20 leaders that will generate economic growth and jobs he said The B20 will take any recommendations made at the summit to the G20 leaders meeting in Brisbane in November 2014 Robert Milliner whose official title is B20 Australia Sherpa but is effectively the business group s chief executive said despite the various political economic and cultural differences between the G20 nations there was a good chance some of the recommendations would be taken up Whether they G20 nations are emerging countries or developed countries they are all facing similar issues around growth and employment he said So to the extent we come up with pragmatic direct actionable proposals relating to those issues we think there is good grounds for getting consensus and agreement Mr Milliner said holding the presidency next year gave Australia an opportunity to increase its influence on the international stage The G20 has a significant influence on a whole range of international institutions from the International Monetary Fund to the World Bank all of those institutions have

    Original URL path: http://www.businessspectator.com.au/news/2013/9/19/leadership/business-eyes-practical-g20-outcomes (2014-01-12)
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  • Parkinson to leave Treasury 2014 | Business Spectator
    and Renée Leon to lead the Department of Employment Deputy Prime Minister Warren Truss said the changes were aimed at making government organisations work more efficiently We need to get on with and do that as quickly as we can he said They are relatively minor changes and I think that is a demonstration that we want wherever possible for business to continue with capable people but hopefully decision making being done in a more orderly and well balanced way Among the biggest changes to departments and agencies is the placement of AusAID back into the Department of Foreign Affairs and Trade Mr Abbott said this would enable the aid and diplomatic arms of Australia s international policy agenda to be more closely aligned Customs and border protection will report to immigration minister Scott Morrison instead of the Attorney General but settlement services for refugees and migrants will shift to the Department of Social Services DSS will also handle aged care and disability services and all income support programs The employment department led by minister Eric Abetz will combine workplace relations and jobs programs Climate change policies and programs will move from the industry department to the environment department under minister Greg Hunt Mr Hunt s priorities will be to scrap the carbon tax establish the Green Army create a one stop shop for environmental approval of major projects and put in place the Direct Action climate plan Mr Abbott s own department will take on indigenous affairs deregulation and the Office of Women Labor frontbencher Anthony Albanese was critical of the changes especially to the public service s senior ranks These jobs should not be political playthings these jobs are important he told reporters in Brisbane We have professional public servants They should be respected Print this page Related articles 16 Dec Stop the reviews start the reforms 11 Dec Keating had all the fun Abbott cops all the pain 05 Dec CEO departure pay to fall report 02 Dec Time to stop the budget finger pointing 22 Nov The Distillery Murray mistrust More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy Grant Mason Wed 2013 09 18 13 52 At least in the US there is House approval of appointments It seems here that Abbot may just appoint who he wishes Graham Middleton Wed 2013 09 18 14 09 Thank goodness we dont have the US system which leads to almost continuos government gridlock between the Presidency the Congress and the Senate Our system is far superior Brent Mitchell Wed 2013 09 18 14 31 The secretary for Innovation Industry Science and Research was fired as it is an unnecessary field when we have the Bible What has science research and innovation ever given us of benefit Nothing but sin I say Such blasphemous ideas shouldn t be encouraged and

    Original URL path: http://www.businessspectator.com.au/news/2013/9/18/leadership/parkinson-leave-treasury-2014 (2014-01-12)
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  • Fed lessons from Summers’ exit | Business Spectator
    Financial Times 17 Sep 2013 7 56 AM 3 Politics International News USA Economy Global News US Economy Leadership Lawrence Summers was right to pull the pin on his efforts to be Fed chair His exit from the running shows that the White House must act quickly in producing a nominee You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password FT com Given his bleakening prospects Lawrence Summers did the right thing in withdrawing from the contest to be the next chair of the Federal Reserve It would have been an ugly fight that he might well have lost Even had the Senate confirmed him the process would have damaged confidence in the future of the Fed Summers showed grace to bow out before things got unmanageable Alas that spectre now dogs Barack Obama s presidency This week the Fed is likely to begin tapering its US85 billion a month in quantitative easing a key moment in the cycle Whomever Obama selects to replace Ben Bernanke it is vital he avoids further disruptions Whether it is Janet Yellen the current Fed vice chair or someone else the White House also needs to act quickly Confirmations can drag on for months and Bernanke s term expires at the end of January It must also act with far greater surety One reason Summers went down was because the White House put his name out as their favourite but then did nothing to defend him from his rising chorus of critics Most people assume Yellen will now get the nod Either way Obama must ensure her name is not suspended in limbo for too long Lawrence Summers was felled by Democrats who saw him as too close to Wall Street Republicans could make life very difficult for Janet Yellen Above all the White House needs to signal continuity Ben Bernanke has done a good job guiding the US economy through an anaemic recovery having taken extraordinary steps to keep it afloat after the 2008 crash In spite of the personality battles the difference between the various names floated to replace him is minimal All including Yellen and Summers agree that active monetary policy has been necessary to the recovery Each is aware of the need for the Fed to be vigilant on the too big to fail banks The FT s chief concern is about the nomination process rather than the name In short Obama needs to step up his game On Wednesday the Fed is likely to begin a cautious start to its QE tapering The White House should not cut across that message But as soon as possible thereafter Obama will need

    Original URL path: http://www.businessspectator.com.au/article/2013/9/17/us-economy/fed-lessons-summers-exit (2014-01-12)
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  • Financial Times | Business Spectator
    way money works by Financial Times 9 45am March 26 IMF teeters on Strauss Kahn arrest The arrest of IMF managing director Dominique Strauss Kahn creates a volatile position for the organisation already struggling to bring stability to global financial markets by Financial Times 6 09pm May 16 Egypt after the last Pharaoh With President Hosni Mubarak refusing to heed calls for his resignation this is a very fraught moment for Egypt But it is a moment bursting with possibilities that could change the face of the Arab world by Financial Times 8 45am February 11 End the Egypt exception The Mubarak regime is at the centre of a network of regional strongmen the west has bankrolled to secure stability and guarantee oil supplies It s time to support the people of Egypt and end the Arab exception by Financial Times 11 38am January 31 4 comments The City s return to form London s bankers and brokers are once again clinking champagne glasses following a recent burst of M A activity But can it last by Financial Times 7 49am September 14 They re watching you Corporate spying is more common than you think And the fact that it s so rife in Germany has a lot to do with the country s former communist experience by Financial Times 6 09pm August 18 The dash to flash As the America s Securities and Exchange Commision moves towards curbs on a lucrative part of high frequency computerised trading some maintain that its concern is misplaced by Financial Times 7 29am August 06 Framing the way forward Who will shape the debate on the future of capitalism Here s a guide to the 50 key players who will approach the issues with very different perspectives by Financial Times 8 35am March 12 The invisible scourge Derivatives once held up as the epitome of the liberal free market economy are now coming under attack because of the opaque way in which they are traded by Financial Times 7 49am October 01 Will the US come out on top New data suggests the US economy is no longer an outlier and may even do better in the current turmoil than some of its peers by Financial Times 12 45pm September 09 The oil transition While optimists scoff at notions of peak oil pessimists are making a good case for accelerating the transition to life without oil by Financial Times 7 14am May 20 Fed lessons from Summers exit Lawrence Summers was right to pull the pin on his efforts to be Fed chair His exit from the running shows that the White House must act quickly in producing a nominee by Financial Times 7 56am September 17 3 comments A silver leadership bullet that may hurt the head Moves to subject chief executive candidates to frontal lobe testing are a step too far and may create more problems than they solve by Financial Times 6 30pm May 24 The Chinese dream is smothered

    Original URL path: http://www.businessspectator.com.au/contributor/financial-times (2014-01-12)
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  • Robert Gottliebsen - Election 2013 | Business Spectator
    Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Robert Gottliebsen Election 2013 The public sector problem teeters at the top Both parties have pledged cuts to the public service but the problem is not only a rise in staff but too many in the upper ranks Neither is up to seriously tackling that predicament by Robert Gottliebsen Election 2013 8 07am September 06 36 comments The penny s dropped on Coalition savings The ALP s campaign on the Coalition s budget black hole has failed to consume voters That s why Joe Hockey offered little extra to the electorate today by Robert Gottliebsen Election 2013 3 04pm September 05 32 comments A late change of direction for Abbott and Labor Change is coming for the Labor camp as tactics are rethought and for the Coalition side as it reveals more plans But neither has mentioned global power shifts we re seeing hints of at the G20 by Robert Gottliebsen Election 2013 7 22am September 05 38 comments Abbott will trigger a housing boom The anecdotal signs of a residential building industry uncorking now underway are about to develop into a surge of property activity by Robert Gottliebsen Election 2013 8 08am September 02 42 comments Abbott s secret plan forces Rudd into error Joe Hockey s real cost reduction plan will include Australia s biggest ever deregulation program But the Coalition s strategy has also led Labor into a costly trap by Robert Gottliebsen Election 2013 8 03am August 30 91 comments Road bumps ahead for Mr Infrastructure Industry and self managed funds are hungry to join Tony Abbott s infrastructure funding push But it will be a struggle to convince infrastructure users to pay enough to justify the investment by Robert Gottliebsen Election 2013 8 58am August 29 9 comments Captain Abbott s cabinet bypass Tony Abbott s favoured Captain s Pick method is a dangerous one that has Coalition old hands wondering about his ability to run a cabinet by Robert Gottliebsen Election 2013 7 48am August 28 40 comments Rudd s botched debate is another blow to retirees The noose was around Tony Abbott s neck on retiree tax raids last night but Kevin Rudd missed his golden opportunity and now the issue is at risk of being buried by Robert Gottliebsen Election 2013 7 37am August 22 149 comments The public sector problem teeters at the top Both parties have pledged cuts to the public service but the problem is not only a rise in staff but too many in the upper ranks Neither is up to seriously tackling that predicament by Robert Gottliebsen Election 2013 8 07am September 06 36 comments The penny s dropped on Coalition savings The ALP s campaign on the Coalition s budget black hole has failed to consume voters That s why Joe Hockey offered little extra to the electorate today by

    Original URL path: http://www.businessspectator.com.au/contributor/robert-gottliebsen-election-2013 (2014-01-12)
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  • Leadership | Business Spectator
    Abbott s pledge to make the economy stronger has yet to be fleshed out But benchmarks on GDP unemployment inflation and wages growth are already available to gauge the next government s performance by by Stephen Koukoulas Election 2013 7 07am September 02 93 comments Rudd has spooked Abbott into bad policy Unnerved by Kevin Rudd s crafty salesmanship the Coalition has swapped sound economic policy for consumer sweeteners at a time when the economy desperately needs a leg up by Rob Burgess Election 2013 8 13am August 29 87 comments Chalk and cheese are teaming up on the economy On a long list of economic policy areas the Coalition and Labor see eye to eye despite previous inklings otherwise and for both the good and to the detriment of our economy by Stephen Koukoulas Election 2013 7 15am August 29 15 comments Captain Abbott s cabinet bypass Tony Abbott s favoured Captain s Pick method is a dangerous one that has Coalition old hands wondering about his ability to run a cabinet by Robert Gottliebsen Election 2013 7 48am August 28 40 comments Writedowns to hit exec bonuses Remuneration experts expect lower exec pay due to weakened outlook 5 30am August 13 The terrible question keeping Ruddites awake Kevin Rudd s support is lagging as his quick fixes hit speed bumps His followers must now be asking whether they should have sacrificed Julia Gillard further down the road by Rob Burgess Election 2013 7 56am August 12 34 comments The bell rings for round two of economic boxing The first week of campaigning saw chances for both sides to tout their economic superiority With no clear winner impending wages growth and confidence figures will be critical by Stephen Koukoulas Election 2013 7 13am August 09 63 comments Business hangs its hat on polling hopes Surveys show that businesses are still spooked by political uncertainty and are hopeful of a Coalition victory If Abbott beats Rudd we re likely to see a rush of business activity by Robert Gottliebsen 9 24am August 06 36 comments Fed face off What Yellen and Summers can offer If times were normal first choice among the Fab Five for the new Fed chair should be Janet Yellen But Lawrence Summers makes a stronger case in these unusual circumstances by Bradford DeLong Financial Times 8 18am August 02 5 comments CFO confidence falling sharply Deloitte survey shows impact of Chinese slowdown fears as Aust execs more downbeat than US UK peers 2 33am August 01 Markets Swan s media misadventures The former treasurer blames the press for talking down the economy but a better relationship with journalists might have amplified his message by Brett Cole 9 48am July 18 5 comments Saluting Swan An unsung legacy Wayne Swan may not have implemented great reforms or been a powerful political persuader But on jobs debt and inflation he avoided disaster by Bernard Keane Glenn Dyer 1 47pm July 02 47 comments THE DISTILLERY Back to business

    Original URL path: http://www.businessspectator.com.au/economy/leadership?page=1 (2014-01-12)
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  • Leadership | Business Spectator
    sectors emerge quickly in place of old His five pillars appear too weak to hold up the economy s structural transition by Rob Burgess 8 57am December 11 32 comments CEO departure pay to fall report Parting bonuses seen on wane due to govt reforms and internal hires 1 49am December 05 1 comment Time to stop the budget finger pointing Maurice Newman s attack on Labor for reckless spending is a flimsy argument that lacks context And the government must look past simplistic debates about high wages if it s to improve competitiveness by Callam Pickering 8 57am December 02 44 comments The Distillery Murray mistrust Scribes question David Murray s suitability to head the government s financial inquiry but one argues the inquiry s scope should bring success regardless by The Distillery 7 00am November 22 Today s CEOs don t know how to grow a business Veteran business leaders like Harry Triguboff and Dick Dusseldorp knew the inherent value in fostering relationships with suppliers contractors and staff Today s managers shop around for the best deal at the expense of long term growth by Robert Gottliebsen 8 45am November 15 8 comments Top CEOs pressure suppliers on diversity Telstra CBA ANZ execs encourage gender equality measures through suppliers 3 10pm November 06 Hurry up Hockey and hold the riesling A quarter of the Abbott government s first term will be spent waiting for the budget and government spending audit Surely some excesses can be cut sooner by Stephen Koukoulas 7 18am October 24 28 comments One year on Xi Jinping still has everyone guessing Xi Jinping s flirtation with the left may seem odd for someone who was a victim of Mao s excesses But is he simply signaling left in preparation to turn right by Geoff Raby 7 25am October 23 2 comments A triple threat for retiree super The post retirement phase was largely overlooked in development of Australia s current super system Industry and government must quickly step up to fix this dangerous oversight by Deborah Ralston 4 09pm October 22 18 comments Japan s wrinkles are on our horizon Japan s aging population lack of job security national security and staggering debt to GDP ratio deserve a watchful eye as they could soon face the west by Gideon Rachman Financial Times 8 12am October 15 3 comments Jack Welch s lessons from the top Twelve years after his departure from the top job at GE the ruthless management guru s mission to usher in a new era of business leadership blazes strong as ever by Daniel Palmer 12 34pm October 04 2 comments No urgency in the budget emergency The recently released budget outcome reveals a different economic landscape to what Joe Hockey described For a start it showed the largest year to year fall in the budget deficit ever by Stephen Koukoulas 7 04am September 30 44 comments Business eyes practical G20 outcomes B20 group of local executives will take actionable plans

    Original URL path: http://www.businessspectator.com.au/economy/leadership?destination=taxonomy/term/2969 (2014-01-12)
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