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  December 2009   

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Chief Executive Boards International Update

Prepare to Break Out in 2010

Wall Street Journal, Saturday, November 28, 2009:
"In this, the first Obama Christmas, the nation finds itself tentative, apprehensive, uncharacteristically indecisive."
That sentence pretty much sums up the mindset of many business owners this season. The prolonged duration of this recession seems to have worn down even the most resilient of entrepreneurs.

A lot of business owners are still hunkered down -- playing to decide, vs. playing to win.  It's time to step it up -- to aggressively invest in promoting new business and pursuing new customers.   

Monetary policy is loose, and the economy is growing as a result.  Don't get behind the power curve on this one -- you can gain ground right now on your competitors that they may never be able to reclaim.   


CEBI Newsletter Readers Weigh in on 
Health Care Reform 

Business owners & CEOs receiving the CEBI newsletter responded to a recent survey on Health Care Reform, the results of which were reported at the CEBI Fall Summit in November.  A majority (72%) of respondents agreed that the US health care system needs some type of reform

That same audience polled overwhelmingly against most of the provisions of current legislation.  In a recent Fox News poll, 57% of Americans oppose the current legislation.  Presently, 54% would prefer Congress do nothing on health care. See Article   In a Dec. 3 CNN Poll, 61% of Americans oppose current legislation as they understand it.  See Poll

With the most significant legislation since Income Tax and Social Security on the table, this is a pivotal time to let your elected representatives (in this case, Senators) know how you feel about this.  Here's a "how to" guide for doing that, whether you support or oppose the current legislation.
(Includes complete contact information for all Democratic Senators)

I encourage you to make your voice heard in the current debate, particularly if your state is represented by a Democratic Senator (such as FL, IL, IN, MI & OH) -- that's where the votes will count.


Spectrum Technologies Partners with NASA

Mike Thurow, a member of the Chicago Board, founded Spectrum Technologies Inc. to develop and provide advanced crop health instrumentation to the agriculture industry.   Little did he imagine he would wind up in partnership with NASA, licensing a chlorophyll-sensing  technology for commercial development.

NASA's work on satellite sensors produced technology that Mike and his team have productized and delivered to the commercial market as a point-and-shoot device.  They've added some other zippy features, such as GPS coordinates and the ability to upload the field measurements to advanced software that maps the field readings for a web-based overview.  

 


Gary Gabel Opens TEDxDetroit Conference

The thoughts that dominate your mind have gotten you where you are today….    

They've also kept you where you are today.

To the extent your employees hold negative thoughts or attitudes about your company or your customers, their actions are probably working against you.  Gary has provided both a worksheet and a leader guide you may use to identify and address negative attitudes within your organization.

Gary's talk has been viewed over 700 times on YouTube.  You'll want to have a look at both the video and the collateral material, available for use within your organization.     


8 Steps to Better Incentive Plans for 2010

Do incentive compensation plans work?  Some say they don't work at all.  Most are badly-designed, causing you to pay bonuses for things that would have otherwise happened by themselves, or, worse yet, for things that are actually detrimental to the company.  

Your goal, of course, is to incentivize exactly the behaviors and outcomes you want, while penalizing behaviors you don't want.  Easier said than done.  

If you're looking for ways to reward -- even if not motivate -- the accomplishments you want in 2010, have a look at an 8-step program for better incentive compensation plan design.   


And, as always, we're interested in your ideas for newsletter articles.  Would you perhaps write a guest Editorial?  Please let us know if you have ideas or material you'd be willing to share with others.

Thanks,  
  

Terry Weaver
CEO
Chief Executive Boards International
TerryWeaver@ChiefExecutiveBoards.com
864 527-5917
www.chiefexecutiveboards.com

www.chiefexecutiveblog.com

 

Upcoming Events

Detroit LB* Feb. 2, 2010
Indianapolis LB Feb. 3, 2010
Chicago LB Feb. 4, 2010
Chicago North LB Feb. 5, 2010
Dayton LB Feb. 9, 2010
Cincinnati LB Feb. 10, 2010
Northern KY LB Feb. 11, 2010
Houston LB Feb. 24, 2010
Greenville LB  Feb. 25, 2010
Tampa LB March 2, 2010
Cleveland LB March 3, 2010
Columbus LB March 4, 2010
Spring Summit
April 22-23, 2010

* LB = Local Board Meeting

Listing of all 
2010 Local Board Dates


Alison Pacewic
Joins CEBI
 

Alison Pacewic has joined CEBI as Manager of Member Services, replacing Fran Gosnell.   

Alison's marketing background and technology proficiency will be great assets to CEBI and its members.  Email Alison


Yes, the Economy is Improving 

Perhaps it feels to you like the economy is improving.  Perhaps not.  Many CEBI members are reporting improvements in their businesses in the last half of 2009.  Some, in later-stage industries, such as manufacturing equipment and tooling, haven't seen the upturn yet.  

The press is still looking for problems to write about, and remains focused on unemployment, a lagging indicator.   And, there's the ever-popular "double-dip" prediction.  

Despite all that, broad measures of economic performance are up, and it's sometimes worthwhile to look at the data.  See:  

This Recovery is 
Not a Mirage


Members Only

Fall Summit presentations & videos are available on the Summit Library page (user name & password required)

Mark your calendar for the 
CEBI Spring Summit

April 22-23, 2010.  Plan to arrive April 21 for Bowling Night at the Eaglewood Resort & Spa, 
Itasca (Chicago), IL


Not Yet a Member? 


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Nominate a Member

CEBI membership has grown at a record pace over the past year, in part due to CEBI members nominating friends & associates as new members.  

Additionally, we've had multiple members nominate identified successors or purchasers of their businesses.  

Do you have an acquaintance who could benefit from membership in Chief Executive Boards International?   If you need an email to share with a friend, try these "talking points"  

Use this Nomination Form

Chief Executive Boards International is an exclusive group of business owners, presidents and CEOs whose members are committed to helping each other achieve both their business goals and their life goals.  We meet regularly as a confidential, collaborative advisory board to help each other become more focused, effective and strategic.  The result?  More fulfillment.  More free time.  More profit. 

Are you a CEO, President, Business Owner or GM of a profit center?   You may qualify as a CEBI member.  
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