CEOs Know the World is Watching

It seems like each morning brings us new headlines in the on-going crisis in the Gulf region. Sometimes news stories go by at such a clip that it’s difficult to decide which one deserves comment in a forum like this blog, one which isn’t specifically devoted to what’s generally termed “hard news.” However, there was one recent story that ties in to a summary Soundview featured this year.

There was near universal outrage when BP Chief Executive Tony Hayward took a day off to watch his yacht compete in a race. BP spokespeople claimed it was Hayward’s first day off in months. Unfortunately, this is a situation where the court of public opinion decides whether an individual deserves a day off or not. The issue brings up the way in which a CEOs actions rapidly become fodder for public debate. CEOs aren’t elected officials. They are private individuals, but the top positions in high-profile companies carry a set of expectations on par with political office. Is this fair? I’ll leave that for you to comment.

Hayward’s actions remind us of some poor decision-making profiled by author Tim Irwin, Ph.D. in his book Derailed: Five Lessons Learned from Catastrophic Failures of Leadership. The book is one of the more popular summaries currently in our library. Hayward attending a yacht race is similar to Irwin’s discussion of former Home Depot CEO Robert Nardelli’s private elevator at Home Depot headquarters. When asked by Soundview about Nardelli, Irwin said, “Over time, that elevator became this glaring symbol. It was a picture of his alienation and his dismissive attitude toward people at Home Depot. Nardelli lost the confidence of the very people he needed to fulfill his vision for the company.”

One can only wonder if Hayward’s yacht will come to be a similar symbol.

In Health Care, Silence Kills

If you attended Soundview’s recent “Influencing for Change” Webinar with VitalSmarts author Al Switzler, you may have heard him refer to a Web site called SilenceKills.com. It certainly piqued my curiosity, so I went to the site to give it a closer look. The site was created by VitalSmarts and is devoted to the need for critical communication in the health care field. It had some surprising statistics. Here are a few that caught my eye:

  • 84 percent of doctors have seen coworkers taking shortcuts that could be dangerous to patients.
  • 88 percent of doctors work with people who show poor clinical judgement.
  • Fewer than 10 percent of physicians, nurses and other clinical staff directly confront their colleagues about their concerns.

Frightening, isn’t it? For those that may dismiss these findings as part of a random sample, consider the notes on the study provided on the Web site:

“Researchers conducted dozens of focus groups, interviews, and workplace observations, and then collected survey data from more than 1,700 nurses, physicians, clinical-care staff, and administrators during 2004. Research sites included 13 urban, suburban, and rural hospitals from across the U.S. Although, this is a relatively small sample and includes only 100 physicians, the findings paint a significant and compelling picture.” (SilenceKills.com)

While the medical profession is one where critical decisions can sometimes mean the difference between life and death, it should make us all consider our own industries. What potential business deal is doomed to failure because someone neglected to have a crucial conversation with someone else?

If you missed the video Webinar with Al Switzler, you can still watch the archived video. Visit this link to see how you can still catch all of the insight. Don’t forget, there are also copies of the summaries of Crucial Conversations, Crucial Confrontations and Influencer by the VitalSmarts authors available!

A FREE Resource You HAVE to Use!

There’s a reason I tend to conclude my posts by telling everyone to visit Soundview’s Web site, Summary.com. The site is regularly updated with information about newly released executive book summaries, book reviews (1,000 FREE reviews and growing!), upcoming Soundview Live Webinars and other great business learning resources.

I’ve got great news about another new resource available at Summary.com. How much do you think it would cost to attend an event where you hear vital business lectures from speakers such as Bill George, Patrick Lencioni, Jeffrey D. Sachs, Paul Krugman and David M. Rubenstein, among others? The event is the World Business Forum, and a ticket can cost as much as $2,500.

Fortunately, Soundview has partnered with HSM Global, producers of the World Business Forum, to bring you exclusive audio summaries of the event’s major speakers. These audio summaries are available for you to listen to for FREE!

Each audio summary is a 10-minute MP3 that features a narrated overview of the speech. The summary includes actual clips from the live speech given by the presenter at World Business Forum. If these tough economic times meant that you weren’t able to spend $2,500 on a ticket to the World Business Forum, these FREE audio summaries allow you to hear what you missed.

I need to stress here that you do NOT have to be a Soundview subscriber to listen to the World Business Forum audio summaries. These exclusive content pieces are FREE for everyone to learn from and enjoy. In fact, I’d recommend starting with Patrick Lencioni, whose latest book Getting Naked: A Business Fable About Shedding the Three Fears that Sabotage Client Loyalty is now available as a Soundview summary!

To listen to the audio summaries from the World Business Forum, CLICK THIS LINK!