A Must Read &
Watch For Every LP/AP Executive
Here's a First - The Forensics of Mobsters' Business Practices
Would your organization thrive if governments
spent billions of
dollars trying to destroy it?
Criminal
organizations overcome all the challenges and obstacles of legal
organizations plus the opposition of law enforcement. And they still
thrive.
Organizations that last a long time, “Hold on to a credo.”
Daniel Forrester
-
Attract the right people. Passionate believers deliver great
results.
-
Embrace values: customer focus, freedom, loyalty,
resourcefulness, speed, and immorality. (The inclusion of
immorality is not an endorsement but an acknowledgement of
criminal values.)
Organizations that outlast the competition, cling tenaciously to
values and attract the ‘right’ people.
3
things that are remarkable about criminal organizations:
#1.
Decentralized decision-making.
They push
down almost all the day-to-day decisions to the people on the
streets.
"Mafia bosses do not decide which heists to do."
#2.
Long-term recruiting mechanisms.
It’s
difficult to get in. You might have to do crime for 8 or 10 years
before you’re finally admitted to the Mafia.
#3.
Incredibly strong culture.
It’s a
badge of honor to belong. Even if you’re just a friend of a Mafia
boss, they’re going to protect you.
The
primary role of the boss:
Top
leadership in organizational life solves the challenges of
Strategy-Incentives-Alignment. Beyond that…
“The
primary role of the Mafia boss is keeping peace in the family.”
Jerold Zimmerman
Organizational success distills into 4 pillars:
-
Effectively delegate. (empowerment)
-
Consistently measure performance.
-
Reliably reward or punish performance. (incentives)
-
Intentionally create corporate culture that executes on
strategy.
“The Four
Pillars determine what is produced, how it is produced, and for whom
it is produced, and as such determines an organization’s success and
survivability.”
Relentless: The Forensics of Mobsters’
Business Practices
How might leaders build organizations that outlast the competition?
This
post is based on my conversations with Jerold Zimmerman, Ph.D.
and Daniel Forrester, authors of,
“Relentless:
The Forensics of Mobsters’ Business Practices.”
Jerold L. Zimmerman, Ph.D.,
is the author of Relentless: The Forensics of Mobsters’
Business Practices. He is a globally recognized microeconomist
and author of seven books and has taught organizational economics,
accounting, and finance at the University of Rochester’s Simon
Business School for more than forty years.
https://jeroldzimmerman.com
Daniel P. Forrester is
the author of Relentless: The Forensics of Mobsters’
Business Practices. He is the founder of THRUUE,
Inc an expert consultancy that assists leaders in bridging the
gap between corporate culture and corporate strategy.
https://www.danielforrester.com –
Daniel on Twitter.
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