Best-Practices Leadership

It takes more than just luck at Caesars

April 15, 2011

While theft is a firing offense at Caesars, so too is running an experiment without a control group. Gary Loveman, CEO, president and chairman of Caesars Entertainment, puts a continued focus on data analysis and small-scale testing that can scale into companywide initiatives.

What’s your defining moment?

April 5, 2011
When Bill Rasmussen borrowed $9,000 on his credit card for a new venture in 1979, he didn’t realize he was making a decision that would define his career—and the future of sports broadcasting. ESPN aired for the first time because of that defining-moment decision by Rasmussen.

Inside the mind of great entrepreneurs

April 1, 2011
What distinguishes great entrepreneurs? By eavesdropping on the thinking of the country’s most successful entrepreneurs, Professor Saras Sarasvathy discovered that master entrepreneurs are like Iron Chefs: They’re at their best when presented with a spread of ingredients, then challenged to push their imagination to the limit.

How deep is your bench?

March 21, 2011
Here’s hoping you don’t run the one in five organizations that are utterly unprepared to cope with the sudden loss of key leaders. In an American Management Association survey, 1,000 senior managers and executives say their companies sorely lack bench strength.

‘Do I need to be on Twitter?’

March 17, 2011

That’s the question Steve Cunningham hears often, as the head of a digital mar­­keting agency. His reply? The true power of social media is in doing things that are worth talking about. He mentions two companies known for creating buzz in social-media circles: Zappos and Apple.

When collaboration fails, you fail!

March 11, 2011

After last year’s salmonella outbreak, in which thousands became ill after eating contaminated eggs, a billion of them were pulled from stores. Much of the blame was attributed to poor federal oversight and lack of coordination across federal agencies.

How to create your own X Prize

March 9, 2011

In 1714, the British government offered 20,000 pounds to the person who could solve the vexing problem of how to measure longitude at sea. That was perhaps the beginning of inducement prizes, or fat purses given as rewards for solving tough problems. How to design contests to gin up the best innovations? To work best, you need to make the challenge:

Tyson’s bare-knuckles businessman

March 8, 2011
Donald J. Tyson was an entrepreneur with a vision when he dropped out of college and built his father’s Arkansas chicken business into one of the world’s largest producers of poultry, beef and pork. But his risk-taking style often led him to the limits of the law—or just beyond. Where he got it right:

Mick, Keith shine a light

March 7, 2011

Despite their tumultuous relationship, Mick Jagger and Keith Richards decided in 1989 to thrash out how they would hold their band together. Why? Because they were better together than apart.

Taking a cue from Dave Matthews Band

February 25, 2011
Despite a precipitous decline in record sales across the music industry, the Dave Matthews Band continues to rock on with high sales and profitable tours. What’s DMB’s secret to becoming one of the top-grossing music tours of 2010?