Boeing's fierce approach to negotiating with suppliers and taking a larger cut of maintenance and repair spending has resulted in record earnings and led to a wave of consolidation among vendors, write Julie Johnsson and Peter Robison. CEO Dennis Muilenburg has also cut expenses and taken a hard line in pursuing trade actions.
Obituaries can't tell the full story of a person, and so it is with leaders, whose true legacy is seen in how they affect others, says John Baldoni in this blog post and video. "For leaders, legacy is a sum of what you have done well and what you have done not so well," he says.
There are several levels of questions to ask that can dig into root causes and help improve understanding and outcomes, Bruce Court writes. These include basic fact-finding questions, queries that seek to understand thought processes and queries that push back on what's known, such as, "What happens if nothing changes?"
Finding new markets and operating more efficiently requires a culture where employees constantly look for ways the business could be better, writes George Westerman. "Leaders who want their organizations to continuously transform must not only look for dissatisfaction on which to capitalize, but also be willing to cultivate dissatisfaction in their employees," he writes.
Teams won't properly prioritize projects if they're unaware of the organization's business strategy or not measuring their projects against it, writes Chris Wallner. He suggests an approach that assigns points based on the profit potential, cost, risk and strategic alignment.
LegalZoom CEO John Suh works long hours by design, as he spends time at the office, comes home to see his family between 5 p.m. and 8:30 p.m., and then gets back to work or attends business dinners. "Instead of trying to blend everything together into one workday, I find this separation gives me more time for both work and family and lets me be completely present for both," he says.
The tendency of women to question themselves is a healthy trait for a leader, says Lynne Doughtie, the first woman to lead KPMG. "We need to kind of break down these myths of a woman's approach is the wrong one, and she should be acting more like a man, and we should think about how do we as business leaders embrace the differences of all people and advance the careers of all," she says.
Facebook will send postcards via US mail to verify the identities of those who wish to buy election advertising on the site. The action will apply only to those who want to mention specific candidates in ads.
Caps on deductions for state and local taxes introduced in the new federal tax law could take a toll on New York residents, so Gov. Andrew Cuomo has introduced amendments to the fiscal 2019 budget to address the issue. Among other things, the amendments would create charitable funds to which taxpayers could donate to claim deductions.
A National Labor Relations Board attorney says Google did not violate labor law in firing software engineer James Damore after he sent a memo to colleagues stating women were not as fit for coding jobs as men. Damore is seeking class-action status for a lawsuit he filed against Google claiming the company discriminates against white, male and conservative employees.
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