Bill McDermott, CEO of SAP Americas faced a problem in 2002. He was the newly appointed CEO, having been preceded by 5 CEO’s in only 6 years. The stock price was in the single digits and employees were resigning in droves (turnover of 40%). Four years later, the stock price was over $50 a share,… Read More
Secrets of teamwork (Hint: resumes don’t tell the story)
Does a team of great athletes win? No. This article points out why the practice of companies of selecting individuals using resumes is a big mistake. Let’s examine a scenario. You are appointed coach of a crew team. You have eight rowers of varying talent. Using metrics, you determine the top eight rowers and put… Read More
