20 - Right leadership, right time Flashcards
What is required for every transition in leadership?
A leader
This transition notably requires three fundamentally different types of leader.
What did Henry Ford revolutionize in 1908?
The production line for the Model T
This innovation focused on creating efficiency in manufacturing.
By how much did Ford reduce the time taken to build a Model T from 1908 to 1913?
From nine hours and 54 minutes to five hours and 56 minutes
What was the impact of Ford’s production line on the Model T?
Created a cheaper and higher quality product
What strategy did General Motors pioneer to retain customers?
Offering credit
This was part of GM’s strategy to adapt to consumer needs.
What is planned obsolescence, and who invented it?
A strategy to design products with a limited useful life, invented by Alfred Sloan
What are the five waves of a data transition led by the CDO?
- Aspire
- Mature
- Industrialize
- Realize
- Differentiate
What key skills are required during the Aspire and Mature waves?
- Evangelizing
- Winning friends
- Creating a coherent vision
- Making hard decisions
What does the Industrialize wave focus on?
Creating repeatable gains and driving up quality
What is the key achievement of the Industrialize wave?
Creating a stable culture of improvement
What skills are necessary during the Realize and Differentiate waves?
- Deep thinking
- Creating innovative solutions
- Strategic advantage
True or False: Innovators need to convince executives during the Realize and Differentiate waves.
False
Innovators do not need to plead for investment as the data transition defines the strategic direction.
What common issue do many CDOs face regarding leadership attributes?
Very few CDOs combine all three attributes necessary for successful transformation
What is a critical piece of advice regarding data transitions?
A data transition is a team game
Fill in the blank: The key is finding a CDO with the right _______ skills.
leadership
What can derail a transformation in data transitions?
Lack of combination of necessary leadership attributes
What does the leader need to do during the Aspire and Mature phases?
Break down silos and kill off projects that can never succeed
What is essential for a leader during the Industrialize wave?
Attention to detail and process
What does the Realize and Differentiate wave require from leaders in terms of thinking?
Creative and subtle thinking to stay ahead of the curve
