What is Transformational Leadership and How Effective Are CEOs at Providing It?
One of my colleagues at The Bailey Group suggested I write a blog about transformational leadership. Her premise was that though this term is thrown around a lot, it is not well understood and that my blog could help clarify the concept. Out of curiosity, I Googled transformational leadership. There are more than 507,000 entries. […]
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The Board’s Role in Organizational Transformation: Four Minnesota Leaders Weigh In
Business has changed significantly over the past 20 years. The technology and digitalization that emerged in the ’90s is so well integrated into our daily lives that we can’t imagine the workplace without it. Other factors like globalization, changes in competitive landscape and regulatory shifts have fundamentally affected the way companies operate. In order to survive in […]
Target’s New Business Model Stimulates Innovation … Is It Sustainable?
As a partner for MPR’s Conversations on the Creative Economy, last week The Bailey Group had the privilege of watching a live interview with Mary Brainerd, president and CEO of HealthPartners. She commented that innovation is about leadership—the people you have, how you lead and whether executives and leaders at all levels “get it” that […]
Cornell Leading an Aggressive (and Smart) Transformation of Target
Make no mistake—Target is in full transformation mode. Like other successful legacy companies, Target is confronting daunting threats to its future. Poor operating results over the past two years as a result of its 2013 data breach, unsuccessful expansion into Canada, and loss of fashion focus have made its current business model unsustainable. Coupled with […]
10 Must-Dos to be Among the 25% of Companies That Succeed in Business Transformation
According to articles on business transformation by John P. Kotter (Leading Change: Why Transformation Efforts Fail) and The Boston Consulting Group (Transformation: The Imperative to Change), 70-75% of companies engaging in business transformation fail. The scary thing about this is that business transformation is no longer a project to be undertaken when things get really […]
Target’s Brian Cornell Demonstrates Transformational Leadership
With the announcement of pulling Target out of Canada, CEO Brian Cornell exhibited the type of leadership needed to transform the giant retailer. When he started the position back in August 2014, Cornell knew one of the first lines of business was to figure out Canada. Hard decisions were made that will have impact on […]