Mastering the Challenges of Leading Change

Mastering the Challenges of Leading Change
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Anil K. Gupta, Vijay Govindarajan, and Haiyan Wang are among the most distinguished experts in the field of globalization. In The Quest for Global Dominance they present the lessons from their twenty-year study of over two hundred corporations. They argue that, in order for a company to create and maintain its position as a globally dominant player, executives must ensure that their company leads its industry in the following four essential tasks: Identifying market opportunities worldwide and pursuing them by establishing the necessary presence in all key markets Converting global presence into global competitive advantage by identifying and developing the opportunities for value creation that global presence offers Cultivating a global mindset by viewing cultural and geographic diversity as an opportunity, not just a challenge Leveraging the rise of emerging markets especially China and India to transform the company's growth prospects, global cost structure, and pace of innovation

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Mastering the Challenges of Leading Change
Inspire The People and Succeed Where Others Fail
H. James Dallas
title page

Copyright © 2015 by H. James Dallas. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions.

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Library of Congress Cataloging-in-Publication Data:

Dallas, H. James, 1958-

Mastering the challenges of leading change: inspire the people and succeed where others fail / H. James Dallas.

pages cm

Includes index.

ISBN 978-1-119-10220-5 (cloth)

ISBN 978-1-119-10223-6 (ePDF)

ISBN 978-1-119-10221-2 (ePub)

1. Organizational change – Management. 2. Leadership. I. Title.

HD58.8.D337 2016

658.4′092 – dc23

2015022947

Cover Design: Paul McCarthy

Cover Image: istock / © kyoshino

For my wife Celest;

daughters Cherie, Angela, and Natalie;

and all of the outstanding people

who made a difference in my life

and the lives of others.

Foreword

Bill Hawkins

President and CEO, Immucor

Someone once said, “When the rate of external change exceeds the rate of internal change, the end is in sight.” That's a difficult reality for business today because the rate of external change in most industries is dizzyingly fast and accelerating still. Leaders need skills optimized to help people adapt, perform, and innovate in this turbulent environment.

Medtronic, the company where James Dallas and I worked together, operates in health care, by its nature a very dynamic environment. But there was probably no more dynamic period in the company's history than the period we worked together during which I was the CEO and James was the CIO. No situation could better prepare a leader to write a book on change, or even the book on change. James not only had a front-row seat, he was instrumental in helping us control our destiny and zig when everyone else was zagging.

Medtronic's culture is rooted in the five-point mission statement that our founder Earl Bakken wrote in 1960, focused on alleviating pain, restoring health, and extending life through innovative medical products. People's lives were dependent on our judgment, our actions, and our values. It was the mission that guided us to do the right thing every day, whether it meant suspending shipment of our number-one product when it fell short of our own performance expectations or increasing our investment in R&D when others were cutting back due to the economic downturn.

James was hired in 2006 to lead an initiative to implement a company-wide enterprise resource planning (ERP) system. This was technically challenging on its own, but it also required overcoming one of the company's biggest leadership challenges: how to align an enterprise that was made up of many distinct businesses. The company had gone through a significant acquisition spree in the late 1990s and early 2000s, and each business was protective of its autonomy. To succeed in his mandate, James had to obtain extraordinary commitment from a lot of different people, across multiple businesses and geographies, many of whom didn't initially see the value of having a unified system. Even among those who saw the value, there were many who doubted it could ever be successfully implemented. It was a huge leadership challenge, and even more so because he started out as an outsider – some guy from Atlanta. What we didn't anticipate was the economic downturn in 2008 or the uncertainty in our industry caused by the Affordable Care Act. As another former CEO of Medtronic and now a professor at Harvard, Bill George recently said, “Never waste a good crisis.” James was not one to waste a crisis or to let external forces disrupt internal goals. He never wavered. He delivered.



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