100%(6)100% нашли этот документ полезным (6 голосов)
2K просмотров7 страниц
As an entrepreneur, investor and CEO, I have had to make many tough decisions throughout my career. In this presentation I share my thoughts on how to best tackle your toughest decisions and how depending on the counsel of the great team around you is critical.
As an entrepreneur, investor and CEO, I have had to make many tough decisions throughout my career. In this presentation I share my thoughts on how to best tackle your toughest decisions and how depending on the counsel of the great team around you is critical.
Авторское право:
Attribution Non-Commercial (BY-NC)
Доступные форматы
Скачайте в формате PDF, TXT или читайте онлайн в Scribd
As an entrepreneur, investor and CEO, I have had to make many tough decisions throughout my career. In this presentation I share my thoughts on how to best tackle your toughest decisions and how depending on the counsel of the great team around you is critical.
Авторское право:
Attribution Non-Commercial (BY-NC)
Доступные форматы
Скачайте в формате PDF, TXT или читайте онлайн в Scribd
Tough Decisions An interview with investor, entrepreneur and philanthropist Mouli Cohen
Conducted by Journalist ________
Making The Right Decisions
How do you make the right decision?
Many of us think that good decisions are based primarily on coming up with an effective strategy and then executing on it. It's true that having a sound strategy is very important when addressing a challenging problem but I can say with confidence that the best-and hardest-decisions I ever made were all about people.
No matter how smart I am or how successful I have been in
the past I cannot know the future. Therefore I must have the right partners along the way who can help me make the tough decisions. Encouraging Debate
Do you challenge your partners to help you
come up with the right answer? In my companies I strongly encourage people to disagree with me. I like to create this culture of constructive debate & skepticism within all of my organizations.
I pull in my best people and challenge them to debate the
problem from all angles. Making decisions by consensus, however, never works. Ultimately, the decision is the CEO's to make and he/she has to be willing to take a risk and make the tough call. I cannot stress enough, however, the importance of having people debate and challenge you. If you don't do this you risk cutting yourself off from hearing options or ideas that might be better. Short Term Vs. Long Term
When making critical desicions, how do you
balance short and long term thinking? Whenever possible leaders should make decisions based on the long-term vision of your company. When Steve Jobs made the decision to abandon IBM's PowerPC chipset and go exclusively with Intel this effected them negatively in the short term, but this is a decision will have a long term impact for the company in years to come (for better or worse).
Whenever possible manage for the quarter-century not the
quarter. Quarter Century Decisions
Can you give us some examples of what you
mean by "quarter-century" decisions? If we go farther back in time we can identify several serious business leaders who made quarter-century calls"...
In 1903 Ken Gillette made the radical decision to
move to disposable razor blades.
In 1980 Reginald Jones appointed Jack Welch as
CEO of General Electric.
In 1985 Andy Grove fired himself from Intel.
In 2000 Jerry Levine of Time Warner decided he no
longer needed a collar on AOL stock. Context
How do you keep your big decisions on
context? It is important to remember that any decision-no matter how big-is only a small fraction of the total outcome. Some decisions are bigger than others but ultimately what defines success is a series of choices made over time that are executed flawlessly.
You can make mistakes along the way and still achieve overall success. Mouli Cohen Bio
Mouli Cohen is a lifelong entrepreneur and
philanthropist who has built successful start-ups and invested in companies that have produced over 3 Billion in value for shareholders. He is currently the Founder and Chairman of Voltage Capital.
Throughout his career he has collaborated with
some of the worlds most powerful leaders and thinkers including heads of state and CEOs. Here he shares the advice he has gained throughout his distinguished career.