Leading On The Edge Of Chaos

May 3, 2023 - Vinay Chaganti - 1

Leading on the Edge of Chaos

Emmett C. MurphyMark A. Murphy

- Vinay Chaganti - 2May 3, 2023

Structure of this presentation Introduction of the authors Briefly about the book Critical elements required to lead in chaos

Interaction


Emmett C. Murphy and Mark A. Murphy Father and Son Emmett finished his PhD in 1974, and Mark

did his MBA in 1994, from University of Buffalo

Founders of Murphy institute of leadership Emmett has authored the following books:

Leadership IQ The Genius of Sitting Bull The New Murphy’s law Talent on the bubble The Search for Humility


Briefly about the book… Rules it gives are not new, but they are effective Serves the purpose of a reference point for all leaders,

leading in times of chaos and wild market swings Has a tool to assess the volatility leadership ability

Appendix with twenty questions Contents of the Book:

Make haste slowly Partner with customers Build a culture of commitment Put the right person in the right place, now Maximize knowledge assets Cut costs, not value Out position the competitors Stir. Don’t shake Cut through the noise Focus or Fail


Make haste slowly… Rules

Resist the lure of Ready – Fire – Aim Use time as a resource Watch the competitors and watch yourself Have a purpose that can remain the way it is Find a center that can hold Pace yourself, and Set a direction

Lesson from Leaders Rush to think, before you rush to act


Partner with customers… Rules

Make partnership everybody’s job Partner with profitable customers and lost customers Let go, the poor fit customers Harness the power of perception, wherever it comes

from Honor those who serve Institute small changes for huge outcomes

Lesson from Leaders Say NO, to Egoist and bureaucratic model of

operations


Build a culture of commitment… Rules

Assess the existing culture Create a shared purpose Test the values, and Hire people to the values Align the people architecture Let form follow the function Keep it simple

Lesson from Leaders Lure of new can lead to innovation. But the

wisdom of old helps to be grounded in fundamentals of success


Put the right person in the right place, now... Rules

In god we trust; for all else, use data Know what you are looking for Decide in/out of interest, quickly Look behind the resume Get comfortable with discomfort Let them do their job

Lesson from Leaders Selecting right people can build the culture,

however their placement can decide the sustainability.


Maximize knowledge assets… Rules

Take stock of current knowledge assets Mobilize intellectual capital Create a culture of knowledge sharing Integrate tacit and explicit knowledge Build knowledge balance sheet

What we know, and what we don’t know What is the utility and accuracy of information

Lesson from Leaders Measure that which you value; Measure the value


Cut costs, not value… Rules

Confront financial reality Leverage technology Spend to save, and don’t wait to cut costs Cut costs in silos Assess and manage leadership reactions Invest for interoperability

Lesson from Leaders Aim of cost cutting is not to save dollars, but to be

able to re-allocate critical resources for future growth. Ability to do this in volatile times, is the real differentiating advantage


Out position the competitors… Rules

Know the competition; Obvious rivals to unforeseen Evaluate the competitive positioning Seize the advantage of inimitability, wherever

possible Watch out for substitutability Align the advantage with practice Let the mission and strategy, travel together

Lesson from Leaders Advantage is for those who identify the strategic

inflection points that can change the competitive landscape, and capitalize on them very early


Stir. Don’t shake… Rules

Be vigilant for signs of stress Eliminate stress at the source

Being a little hokey is no crime Make time for humor and play Avert panic; instead, plan for the moment

Realize, there is always an ‘I’ in the team Catch attention Be authentic

Lesson from Leaders Fill people physically, emotionally, and

intellectually before getting them on job again


Cut through the noise… Rules

Diagnose the noise Be aware of implicit messages Tune in; don’t take out Cut through

Bypass the bureaucracy Realize, life is not about contracts, but about trust Don’t just make the message the travel, let it stand out Partner with public, trustworthy resources

Lesson from Leaders On-going dialogue is a must to achieve the edge


Focus or Fail… Rules

Define the challenge Measure the readiness to meet the challenge Plan to leverage on opportunities Set clear expectations; define responsibilities Implement and practice Test, refine and repeat…

Lesson from Leaders Complexity and complexity leads to chaos. But

the best solution most often is simple


Questions…


Thank you all…Vinay Chaganti

Associate, ATGOCS

Work Mail ID: [email protected] Mail ID: [email protected]

Mobile: +91 97040 53338

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Leading On The Edge Of Chaos