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What can management guru Peter Drucker tell us about how to avo
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id billion-dollar mistakes I wanted to follow up on my previous posting about the book Billion Dollar Lessons with some further ideas from co-author Chunka Mui about how to avoid becoming yet another example of a billion-dollar strategy gone wrong.Since today is inauguration day, herersquo a quote from president Barack Obama that illustrates one of the challenges of leadership:One of the dangers in a White House, bas
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ed on my reading of history, is that you get wrapped up in gr
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oupthink. Everybody agrees with everything. Therersquo no discussion. There are no dissenting views.I donrsquo;t believe this is exclusively an issue in government. It happens in business among CEOs routinely. Any leader can fall into the trap of surrounding themselves with yes men, whether deliberately or through their actions. If the standard response to questions is defensiveness or a request to just get on board, managers quickly learn to keep quiet about their concerns. Mui raises a quote from Peter Drucker to illustrate the issue:Decisions of the kind the executive has to make hellip; are made well only if based on conflicting views, the dialogue between different points of view, the choice between different judgements.Druckerrsquo quote looks self-evident when removed from the day-to-day realities that consume management attention. But itrsquo surprising how frequently complex decisions are Rgvr Dimon rsquo pay slips to $11.8m
Thursday 19 March 2015 10:39 amInheritance tax seen as t
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he most unfair by voters in all partiesBy: Jeff MisentiShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailInheritance tax remains one of the most unpopular taxes and is loathed across the party lines.A new YouGov poll for the Red Box found 59 per cent of voters thought inheritance tax was unfair ndash; the highest figure for all the taxes polled. The BBC licence fee and fuel duty came joint second for the most unfair taxes while stamp duty came third at 48 per cent.The Tories have long promised to cut inheritance tax but have failed to do so in this parliament. Labour has consistently attacked the Conservatives for making cuts to inheritance tax a political priority.However, according to the YouGov poll, even Labour voters think the tax is unfair. It s widely expected the Tories will include a promise to raise the inheritance tax threshold to pound;1m.Inheritance tax has become an increasingly salient issue with the electorate as the number of households vulnerable to the tax is set to soar over the next five years thanks to rising house prices.The Tory pledge to raise the threshold was made at the Conservative party conference in 2007 and was widely credited with saving the party from an election they were likely to lose in 2010.As if the nation s smokers hadn t had
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enough bad news, with the passage of plain cigarett
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e packaging, 70 per cent of the public
 

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