March 11th, 2015 | 
Author: Loud Thinking March 11, 2015 at 01:19PM
THE MANAGEMENT TIP OF THE DAY: Harvard Business Review
March 11, 2015
CEOs Need to Know How to Manage a Board
As investors have become more powerful and boards more sovereign, it has become increasingly important for CEOs to manage up. To lead your directors and investors more effectively you should know how to:
Recruit strong directors. Directors should bring business leadership to the table. When recruiting new directors, assess their capacity to think strategically about the firm, its competitive position, and what creates or destroys value at the firm. Does the candidate have a proven record of working with and leading executives at other companies?
Restructure the board. Executives need to change a board from time to time to meet shifting market needs. Those who govern a company that is growing in its home market are likely different from those who can help an enterprise go global.
Evaluate directors. Work with the board to create annual evaluations of individual members, as well as reviews for the board as a whole.
Adapted from “How CEOs Can Best Manage Their Boards” by Michael Useem.
Loud Thinking March 10, 2015 at 08:29PM
An appeal to the PM..!
Dear Mr. Prime Minister,
AoA.
Sir,
Kindly issue necessary orders for a country wide ban on laser lights, in the larger public interest, (mostly used by shops, restaurants and at marriage functions & concerts etc.) as laser light is very harmful & dangerous for the safety of aeroplanes and eyesight of human beings moving on roads driving cars & bikes etc., & also for the flying birds, as well.
In this regard, it may not be out of place to mention that in the public interest, the government of Singapore has banned the use of chewing gum, through out the country.
Best Regards,
Syed Nayyar Uddin Ahmad
Loud Thinking March 10, 2015 at 01:10PM
THE MANAGEMENT TIP OF THE DAY: Harvard Business Review
March 10, 2015
Seeking Too Much Proof Can Squelch an Innovative Idea
“Prove it.” Those are the two words most deadly to innovation. It often makes sense to ask for analytical proof before making a decision, but this phrase can set a standard that’s impossible to meet. There is no data about how a genuinely new idea will interact with the world, so there is no way to prove it will work in advance. So while you might think you’re just being rigorous, you can actually end up killing innovation. To keep your innovators from being discouraged, you need to distinguish between when you are honing and refining an existing system and when you are attempting to create something genuinely new. In the former, it’s fine to ask for evidence. In the latter, you need to take an entirely different approach. Focus on prototyping to test innovative ideas in small ways without much up-front investment. Iterative experimentation will generate data and refine the solution.
Loud Thinking March 09, 2015 at 03:49PM
An out of box solution to recover 10 years old overdue payment (which must be now equal to over 3 billion USD) from M/s Etisalat Telecom to the government of Pakistan on account of PTCL privatisation..!
Three govts fail since 2006 to recover outstanding $800 million from Etisalat Telecom which paid $1.799bn and withheld the remaining $799.3.4 million at the time of PTCL privatisation and make them part of the official record for the purpose of future transactions.
In this regards, the government of Pakistan is advised to immediately repeat immediately impose a ban on Etisalat/PTCL management, of any transfer of profits or repatriation of any sort of money out of Pakistan, till the ENTIRE overdue amount + interest accrued since 2006, is paid to the government of Pakistan or after the final decision of the Supreme Court of Pakistan.
