Keywords: Executive Management real estate company enterprise management real estate Board's help, a flamboyant CEO, is a sober; for conservative CEO, is the catalyst
The world's largest real estate company today to be liquidated, the mess. 30 years ago, Olympia and York developments company CEO Reichmann and developers with Canada's two brothers, 64-la and 59 years of Ralph, partnership in Toronto built two office buildings, and a range of warehouse. 1977, Reichmann began expanding to New York for the second step in the plan. He leveraged more than $ 3 billion, purchased the 8 blocks of Manhattan Office building, juris portfolio value of their property caused a sensation in New York. In 1982, the portfolio increased to 200 million. Throughout the 1980s, Reichmann have billions of dollars in diverse investment down the drain. He bought a paper company and Gulf Canada Resources Inc., a holding the right to buy Santa fee Pacific and a large number of shares to Campania especially company loans of $ 200 million. Reichmann later reflection: "we would not be making these investments, because we are not experts in this field. "Reichmann admits:" I myself and my Advisor, as well as some bankers are as a layman and self-deception. A skilled artisans in A profession is, in the B industry may be wine capsule rice bags, I cannot judge the quality of those recommendations in the past. ”
The world's largest real estate company's declining warning people: to do successful entrepreneurs must have expertise in the industry, to be confident of the enterprise; if your business is not a layman, long-term spending the layman or hard to run their own are not familiar with the industry, the failure is inevitable.
However, deeper question is why blind policy-making disaster time again in the same CEO who reproduce? this is people should really thoughtful.
CEO's ego quagmire
20 years ago, the two management scholars mettmann and love davletshin in research CEO leadership, he found the length of the leadership experience and enterprise performance level of a parabola between relationships. Leaf mettmann and love davletshin on United States 30 Professional softball team coach coaching experience and short and softball team match results which made a comprehensive analysis of the relationship. They found: coach coaching experience and short on the softball team's results and impact of a decline in the late early to rise, parabolic curve. The head coach of the first half of career, experience and performance proportional; however, over a certain period of time, experience become a negative factor, an albatross, experience, results and more. According to their surveys, softball team coach experience turning point (that is, from being factors into negative factors) appear in 13 years. As a result of Softball is a relatively stable environment, game for a long time without major changes, therefore, the coach of a longer life cycle. But in the external environment turbulence, sales busts emerging industry, this cycle is generally much shorter.
The research results in management circles attracted wide attention. However, the President of the "experience" of inflection point has been to 1991 is suggested a relatively complete theoretical explanation. Columbia University's Han chief Rick and Fokker Tomah has raised a President of the life cycle of the five-stage model, while serving on the executive leadership changes and the reasons that made a relatively complete life cycle of the fifth stage hypothesis. This model considers that the President of the management of life around the following five season: first ordered the post, the second is trying to reform, and the third is the formation of style, fourth comprehensive hardening, and finally the rigid barrier.
Therefore, the more the long-serving CEO, easy to believe that their behavior is correct; however, it is in the position of CEO for a long time, its cognitive model and dislocation of the most likely.
Ideological inbreeding more frightening
Lead management capacity in the management, Executive Director of the life cycle of the late fall, another important factor is that the President of the trends of information quality. With the extension of the term of Office of the Chief sources of information will become increasingly the same, but the resulting information is increasingly being unintentionally filtering. People learned President unwilling to listen to the words do not say, CEO, not in favour of the proposition, at least not active. The President of the boss table report although unabated, but information and monotonous.
Here is not to say that everyone has to report the bad news of the natural tendency, when we see report bad news quickly pushed out, "click" get promoted, organization of "reasonable filter" trend have been strengthened, so that the organization is the ideological inbreeding of seeds.
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