Straight advice in uneven times

Every year dozens of corporate deals will go bad—and fallout will result—because of:

  • Personal agendas trumping the best interests of the company
  • Advice that was not truly “independent”
  • Hidden landmines that were never discovered—or were discovered too late

Drawing upon decades as a business and political advisor in the local and national arena and through his unique CEO Independent Advisor service, Bud Hockenberg offers a strategic, impartial voice to help chief executives shape their critical business decisions for maximum success.

 

 

Go Behind the Minds with “Leaders on Thinking” Blog

I was honored to provide my leadership insights in a recent interview with Montezuma, Iowa, school superintendent Dave Versteeg on the Leaders on Thinking blog he co-leads with fellow Iowa educator Lowell Ernst.

Dave says that a few years ago, he read and was inspired by the book Thinking for a Change by John Maxwell. Over the last several years, Dave and Lowell have begun interviewing successful leaders in business, education and government to learn, in their own words, how they “think.” These interviews, including their recent interview with me, are profiled on their blog: www.leadersonthinking.blogspot.com

If you’d like to learn more about Dave and Lowell’s project or recommend a successful thinker to be interviewed for their project, contact them.

Worried About What the Future Holds? Starting Now, There is a Better Way to Run Your Business

An article in a recent edition of TIME Magazine reports a staggering increase in the number of CEOs who are losing their jobs because of the inability to deliver improved results, even if their company is holding steady during these unprecedented economic times.

If you are hanging on by a thread in your company, you are certainly not alone.

The good news is that it doesn’t have to be this way. You are not automatically destined to join the ranks of those who have been fired from leadership positions—but you will have to act now…and act differently.

I’ve been advising CEOs for more than two decades—including more recently with my unique CEO Independent Advisor service—and I have witnessed firsthand how a CEO’s decision making can make or break a career.

In times of economic and business uncertainty, I’ve witnessed CEOs go in search of the “needle in the haystack”—and even if they find it, sometimes they discover too late that what they grabbed at was the wrong needle!

Drawing from my extensive experience as a business leader and an independent advisor, I am frequently called upon by executives to help them stop digging and start focusing on the real issues:

  • Identifying the issues that have the greatest impact on the future viability of your business
  • Prioritizing the issues
  • Discovering the key factors that will be required to make the best decisions possible.
  • Ensuring that the CEO is in control of these key factors—and if not, why.
  • Identifying all potential sources of information influencing each key issue and rating the reliability of each.

Are you relying on reality, or are you buying a lottery ticket and hoping for the best?

Don’t join the growing numbers of CEOs who are being foisted from their jobs because of bad decisions and stagnant corporate growth. I can show you a better way. Contact me today!

You are the Captain of Your Company (Even Through Choppy Economic Waters). Is Your Survival Kit Packed and Ready?

Those of us who have spent any time on or near the water know the careful preparation that goes into any boating voyage—whether cruising across the ocean or a more simple zip around the lake.

Life jackets, oars, GPS systems and radios are standard—and essential–tools for a safe excursion and good preparation for any number of potential emergency scenarios.

Unfortunately, we hear news all too often of vessels that have capsized when the emergency tools weren’t close at hand or, in some cases, were never on board in the first place.

Of course, it’s not only boating that requires a “safety kit.” Today’s economy requires one, too.

If you are like most CEOs leading organizations right now, you no doubt find yourself the captain of a company trying to navigate these unchartered, choppy waters of a complicated economy.

Is your survival kit packed and ready?

Do you even have one?

In my experience, cultivated over several decades advising business leaders, the most important tool to have on hand is independent advice. An experienced, unbiased advisor who can give you accurate, quality and meaningful “survival” information is a critical component to your ultimate success–and will help you plug the holes in a leaky corporate ship.

I’d like to talk with you about how my experience as a CEO Independent Advisor can serve as a crucial tool in your leadership safety kit. A corporate captain’s connection with me can make a difference!

Contact me today to learn more!

 

Not All Advice is Created Equal: A Litmus Test to Measure the Value of Internal Advice

In my business and political travels, I am repeatedly approached by CEOs who tell me that one of their greatest hurdles is getting quality, unbiased advice when they are on the cusp of making a major business decision or addressing a significant challenge.

The unsteady economy, increasing competition in the marketplace and a public that is increasingly weary of—and unforgiving of—corporate missteps means that the stakes are higher than ever for CEOs.

Most CEOs are surrounded by a team of colleagues and professionals who are called upon for advice. But how can the CEO be certain it’s the best advice?

If you are in this situation, here is a simple litmus test:

Are you getting the same advice from everyone?
If so, be wary that your inside panel of experts is simply telling you what they think you want to hear. And, even if they legitimately agree with your course of action, have they gone one step further by providing necessary context about developing business trends and competitors that will surely affect the outcome?

If you’re getting different recommendations from everyone, how will you know which advice to follow?
Not all opinions are equal. How will you identify the intelligence that has substance over that which does not? Who on your team has taken the time to synthesize the issues and who is simply advising you with his/her own interests at stake? What are the facts to support the recommendations? (And, can you even afford the time it will take to sort out all these issues before you make your final decision?)

Independent advice is crucial. Who is in your corner, with no personal stake in the outcome except to help you and your business succeed?