November 16, 2008

More Obama Lessons for Business

Bill George (yes, Medtronic's Bill George) gives us a few more lessons learned from the Obama victory:

• Obama created a grassroots movement by building an ever-expanding organization of empowered leaders, who in turn engaged people from their social networks like Facebook.

• The entire organization was aligned around a single goal—electing Obama as President—and operated with common values ("Offer messages of hope, don't denigrate our opponents, refuse to make deals").

• Campaign leaders subordinated their egos and personal ambitions to the greater goal. Those who deviated quickly exited.

• Obama set a clear, consistent tone from the top ("No Drama Obama"), and never wavered, even when things weren't going well.

• Obama's greater mission transcended internal goals, such as fund-raising, endorsements, and campaign events, but each of these areas had goals tied to the greater mission.

• The campaign team used the most modern Internet tools to communicate, motivate, and inspire people and to guide their actions. Each day, 5 million people received personal messages from campaign headquarters or even Obama himself. This organization collaborated across a wide range of geographies and campaign functions, all tightly integrated nationally and executed locally.

Finally, just in case you missed the other business lessons, here you go >>

November 15, 2008

Shoshana Zuboff: Obama's Victory is Capitalism 2.0

Writes Zuboff in BusinessWeek:

"This column is dedicated to the top managers of American business whose policies and practices helped ensure Barack Obama's victory. The mandate for change that sounded across this country is not limited to our new President and Congress. That bell also tolls for you. Obama's triumph was ignited in part by your failure to understand and respect your own consumers, customers, employees, and end users. The despair that fueled America's yearning for change and hope grew to maturity in your garden."

Years ago I remember reading Zuboff's In the Age of the Smart Machine and thinking that no one in corporate management really wants real transparency... and that the information value-chain she described was doomed to failure.

Luckily, I was wrong. Now Obama will bring process transparency to government and business.

Asks Zuboff:

"...can we invent a business model in which advocacy, support, authenticity, trust, relationship, and profit are linked?"

"Yes, we must," she concludes.

Read the article >>

And read her book: The Support Economy: Why Corporations Are Failing Individuals and the Next Episode of Capitalism
>>

November 12, 2008

The Bailout that Wasn't

I don't know enough to even comment on this, but something is rotten in the state of Denmark (er, United States)...

Tom Friedman: "Steve Jobs - want to run G.M. for a year?"

Tom Friedman made me laugh today:

"...somebody ought to call Steve Jobs, who doesn’t need to be bribed to do innovation, and ask him if he’d like to do national service and run a car company for a year. I’d bet it wouldn’t take him much longer than that to come up with the G.M. iCar."

The rest of his column is a bit more serious. But it's dead on!

November 10, 2008

Business Lessons Learned from President-Elect Barack Obama

What should the new President's priorities be? Here are some views from a few CEOs interviewed by BusinessWeek:

It's a cliche, but big business fears Democratic leaders. Turns out that Democratic presidents are better for the economy than Republicans! Details, details...

Jack Welch has his own take on why Obama succeeded: a clear vision, clean execution, and friends in high places.

A far more insightful piece comes from HBR blogger Umair Haque: Obama's Seven Lessons for Radical Innovators. I don't agree with all of his points (Obama did not "minimize strategy," he minimized tactics!) but I do commend Haque for his insights (see this post, for example, on why Obama is the Google of Politics.)

Bill Taylor has a fun post titled: How Obama Became CEO of the USA -- and What It Means for CEOs Everywhere
in which he argues that "being different makes all the difference."

John Quelch says it's all about better marketing.

Barbara Kellerman argues that Obama is a superior manager.

Gill Corkindale calls Obama The World's First 21st Century Leader

For Stew Friedman, it's authenticity.

My own view is that Obama is a true leader. And what we witnessed was the birth of Politics 2.0.

And in the end, it's still about results, and to that end, Obama has already taken the first step.

Go Barack!

Obama's Innovation Strategy

So what will Obama's innovation strategy look like? Here's a clue or two:

Farewell Mama Afrika: Miriam Makeba Passes On

The Soweto Blues = The Worldwide Blues...

R.I.P. Mama Afrika. She died in Castel Volturno, near Caserta, Italy, of a heart attack, shortly after taking part in a concert organized to support writer Roberto Saviano in his stand against the Camorra, a mafia-like organisation

See also this stirring rendition of N'Kosi Sikeleli Africa:

November 7, 2008

The Return of American Idealism: Political Reaction to Obama's Win

Reaction to Obama's win from politicians across the world:

UKRAINE: "Your victory is an inspiration for us. That which appeared impossible has become possible." - Youlia Tymoshenko, Prime Minister

MALI: "The United States has given a lesson, a lesson in maturity and a lesson in democracy." - Amadou Toure, President

ITALY: "Europe which is celebrating (the victory of) Obama must know that Europe be will be called on to be a producer of security and no longer merely a consumer. I think Obama will rightly call on us to take our responsibilities more seriously." - Franco Frattini, Foreign Minister

BRAZIL: "In this case hope has won over prejudice -- this is good for the United States and the world as a whole." - Celso Amorin, Foreign Minister

RUSSIA: "The news we are receiving on the results of the American presidential election shows that everyone has the right to hope for a freshening of U.S. approaches to all the most complex issues, including foreign policy and therefore relations with the Russian Federation as well." - Grigory Karasin, Deputy Foreign Minister

IRAQ: "I think you will hear a lot of discussion and goals and slogans during the election campaigns. When there is a reality check I think any U.S. president has to look very hard at the facts on the ground." - Hoshiyar Zebari, Foreign Minister

ISRAEL: "Israel expects the close strategic cooperation with the new administration, president and Congress will continue along with the continued strengthening of the special and unshakeable special relationship between the two countries." - Tzipi Livni, Foreign Minister

VATICAN: "Believers are praying that God will enlighten him and help him in his great responsibility, which is enormous because of the global importance of the United States...We hope Obama can fulfil the expectations and hopes that many have in him." - Rev. Federico Lombardi, spokesman for Pope Benedict

PAKISTAN: "Your election marks a new chapter in the remarkable history of the United States. For long, the ideas of democracy, liberty and freedom espoused by the United States has been a source of inspiration...I hope that under your dynamic leadership, the United States will continue to be a source of global peace and new ideas for humanity." - Yousaf Raza Gilani, Prime Minister

INDIA: "Your extraordinary journey to the White House will inspire people not only in your country but also around the world." - Manmohan Singh, Prime Minister

HOLLAND: "The necessity for cooperation between Europe and the United States is bigger than ever. Only by close transatlantic cooperation can we face the world's challenges." - Jan Peter Balkenende, Prime Minister

FRANCE: "With the world in turmoil and doubt, the American people, faithful to the values that have always defined America's identity, have expressed with force their faith in progress and the future. At a time when we must face huge challenges together, your election has raised enormous hope in France, in Europe and beyond." - Nicolas Sarkozy, President

AFGHANISTAN: "I applaud the American people for their great decision and I hope that this new administration in the United States of America, and the fact of the massive show of concern for human beings and lack of interest in race and color while electing the president, will go a long way in bringing the same values to the rest of world sooner or later." - Hamid Karzai, President

GREAT BRITAIN: "Barack Obama ran an inspirational campaign, energizing politics with his progressive values and his vision for the future. I know Barack Obama and we share many values. We both have determination to show that government can act to help people fairly through these difficult times facing the global economy." - Gordon Brown, Prime Minister

KENYA: "We the Kenyan people are immensely proud of your Kenyan roots. Your victory is not only an inspiration to millions of people all over the world, but it has special resonance with us here in Kenya." - Mwai Kibaki, President

CHINA: "The Chinese Government and I myself have always attached great importance to China-U.S. relations. In the new historic era, I look forward to working together with you to continuously strengthen dialogue and exchanges between our two countries." - Hu Jintao, President

GERMANY: "I offer you my heartfelt congratulations on your historic victory in the presidential election... The world faces significant challenges at the start of your term. I am convinced that Europe and the United States will work closely and in a spirit of mutual trust together to confront new dangers and risks and will seize the opportunities presented by our global world." - Angela Merkel, Chancellor

JAPAN: "The Japan-U.S. alliance is key to Japanese diplomacy and it is the foundation for peace and stability in the Asia-Pacific region. With President-elect Obama, I will strengthen the Japan-U.S. alliance further and work toward resolving global issues such as the world economy, terror and the environment." - Taro Aso, Prime Minister

SOUTH AFRICA: "Africa, which today stands proud of your achievements, can only but look forward to a fruitful working relationship with you both at a bilateral and multilateral levels in our endeavor to create a better world for all who live in it." - Kgalema Motlanthe, President

CANADA: "I look forward to meeting with the President-elect so that we can continue to strengthen the special bond that exists between Canada and the United States." - Stephen Harper, Prime Minister

AUSTRALIA: "Senator Obama's message of hope is not just for America's future, it is also a message of hope for the world as well. A world which is now in many respects fearful for its future." - Kevin Rudd, Prime Minister

NEW ZEALAND: "Senator Obama will be taking office at a critical juncture. There are many pressing challenges facing the international community, including the global financial crisis and global warming. We look forward to working closely with President-elect Obama and his team to address these challenges." - Helen Clark, Prime Minister

INDONESIA: Indonesia especially hopes that the U.S., under new leadership, will stand in the front and take real action to overcome the global financial crisis, especially since the crisis was triggered by the financial conditions in the U.S." Susilo Bambang Yudhoyono, President

PHILLIPINES: "We welcome his triumph in the same vein that we place the integrity of the US electoral process and the choices made by the American people in high regard. We likewise note the making of history with the election of Senator Obama as the first African-American president of the United States." - Gloria Macapagal Arroyo, President

IRAN: "The president-elect has promised changes in policies. There is a capacity for the improvement of ties between America and Iran if Obama pursues his campaign promises, including not confronting other countries as Bush did in Iraq and Afghanistan, and also concentrating on America's state matters and removing the American people's concerns." - Ali Aghamohammadi, aide to Ayatollah Ali Khamenei

PALESTINIAN AUTHORITY: "We hope the president-elect in the United States will stay the course and would continue the U.S. engagement in the peace process without delay. We hope the two-state vision would be transferred from a vision to a realistic track immediately." Saeb Erekat, aide to President Mahmoud Abbas

And for a less pompous tone, here are a few statements from ordinary people:

LEBANON: In a Beirut restaurant, Miriam, 28, said her two brothers, both members of the militant Islamic group Hezbollah, saw Mr. Obama as a leader who was willing to take diplomatic risks to avoid military confrontations. "They think Obama will not damage the Middle East the way Bush did, and they were afraid if [John] McCain made it, the whole region would be in danger."

BRAZIL: In Rio de Janeiro, documentary filmmaker Ryan Steers said Mr. Obama could improve the U.S. image abroad. "Obama is someone the world can trust. That is the most important thing for America right now: regaining its trust in the world community."

KENYA: People danced in the streets in Mr. Obama's ancestral village of Kogelo, and President Mwai Kibaki declared Thursday a national holiday. In Nairobi's Kibera shantytown, carpenter Joseph Ochieng said, "If it were possible for me to get to the United States on my bicycle, I would."

JAPAN: "Americans overcame the racial divide and elected Obama," said Terumi Hino, a photographer and painter in Tokyo. "I think this means the United States can go back to being admired as the country of dreams.

Brand America Gets its Groove Back

Thanks Obama!

and

The Night of the American Renaissance

The American Renaissance has begun. Goodbye, Dark Ages...

November 6, 2008

Victory: Steel Pulse: Go Barack

I finally got some sleep. The world has changed.

What a beautiful thing it is:

Steel Pulse teaches us the meaning of product versioning. See previous version here >>

October 31, 2008

Michael Porter: Why America Needs an Economic Strategy

"The stark truth is that the U.S. has no long-term economic strategy—no coherent set of policies to ensure competitiveness over the long haul. Strategy embodies clear priorities, based on understanding the strengths we need to preserve and the weaknesses that threaten our prosperity the most. Strategy addresses what to do, but also what not to do. In dealing with a crisis, experience teaches us that steps to address the immediate problem must support a long-term strategy. Yet it is far from clear that we are taking the steps most important to America's long-term economic prosperity."

That's the Portermeister in BusinessWeek.

What he's saying is Vote Obama :-)

Infomercial of the Year: American Stories, American Solutions

If this was the Republicans, the theme would be fear and more fear... Time to Vote Barack Obama!

October 28, 2008

Bleakonomics: Warren Buffet on what went wrong and the road ahead

Good thing Obama has Warren Buffet on his team...

October 27, 2008

Video: "Vote Barack Obama" by Steel Pulse

We need a leader, a leader
To march on to Liberty
Get it Together
Vote Barack, Barack Obama...

MP3 here >>

October 23, 2008

Scott Anthony: How to be a Disruptive Innovator

Invest a little, learn a lot.

October 22, 2008

Henry Mintzberg: Leadership Beyond the Bush MBA

I've always enjoyed his work >>

See also: "How Productivity Killed American Enterprise"

The Future of the Corporation: Henry Mintzberg, David Korten, and Arie de Geus

Corporate interests need to get out of government, period.

Tell that to the lobbyists...

October 21, 2008

India Joins the Asian Space Race

I'm happy to see the Indians go for the moon, joining their Chinese and Japanese counterparts as they jockey for prestige and bragging rights.

Is it science or technonationalism? Both of the above, but somehow the politics outweighs the science.

Now let's all compete (or collaborate) to build green energy power generation projects!

Recession as Opportunity

The nerds at Bain give us a few reminders from history:

- Southwest Airlines surged ahead during the 2001 recession

- Intel pulled away from AMD (also in 2001)

- Johnson & Johnson, GE and IBM shifted focus on economically healthier regions in Q2/2008

- Bank of America gobbled up Merrill Lynch (the opportunity of a lifetime) - just a few days ago

So, where are your opportunities?

Shaping Strategy in a World of Constant Disruption: How to Manage Your Business Ecosystem

In this month's Harvard Business Review, authors John Hagel III, John Seely Brown and Lang Davison provide a road map for the daunting task of shaping strategy as technology-driven infrastructures constantly change.

The article is called: “Shaping Strategy in a World of Constant Disruption” and you can download it here (thanks Deloitte Consulting!) >>

In my view this is a very timely piece of thinking from my heroes JH3 and JSB (and Lang Davison). I'll dig into it later this month on ecosystemwatch.com...

Wait, there's more. Check out the podcast >>

October 20, 2008

Online Selling: Procter & Gamble Goes Direct to Fight Private Labels?

Don't look now, but P&G is trying some direct selling online.

From the Financial Times:

Procter & Gamble is testing its ability to use the internet to sell its toothpaste, household cleaners and nappies directly to US households, in a potential long-term strategic challenge to its retail partners.

...The move brings P&G into direct brand competition with its retailers, underlining the extent to which e-commerce is contributing to changes in the way the two sides have traditionally worked with each other.

OK. The site is called theEssentials.com, but so far it looks like they have very little traffic.

Is this how they intend to fight the private label war? I'll talk about them later this month on ecosystemwatch.com

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