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May 2011
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Chief
Executive Boards International Update
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CEBI Adds
Member Accountability Option
Many CEBI members regard
themselves accountable to their Boards to act on ideas and advice they take away
from Board Meetings. In response to several member requests, we've added
an "Accountability" checkbox to the Hot List section of Board
Evaluations.
Of course, this is optional --
check the box only on those things you'd like your Board to follow up
on. We've added to our system the ability to track those items, keep
them in front of you from meeting to meeting, and also mark them
"Completed" at which time they drop off your
Board's accountability list.
Spring Summit attendees saw this
for the first time, and those who checked Hot List items will find those items
in their meeting packet for their next Board meeting.
As always, we're looking for
ways to more effectively serve our members, and these kinds of ideas are always
welcome.
Just Say "Yes"
Nancy
Reagan's answer to the drug problem in the US was, "Just Say No".
Not bad advice for young people thinking about experimenting with drugs, and
not bad advice for parents and business owners, on occasion.
Probably not a good idea for sales or sales support people who are answering
customer questions about a product or service. If you hear sales
support, technical support or customer service reps beginning an answer with
"no", there's a problem. There's almost no question a
customer asks to which the answer must start with "no".
What
would you prefer they were saying?
CEBI Members Saving Big Money with
Medical Expense Reimbursement Plans
CEBI Members are always on the
lookout for a way to save a little money. Sometimes they find a lot
of money to be saved. This idea was brought to us by a member who's
been saving about $200k/year on Health Care for the past 5 years or so.
Two more members have recently implemented these plans, and are on track to save
$35k/year and $100k/year respectively.
Typical savings are $1,000 to
$2,500 per employee per year, depending on pricing and coverage of your existing
group health plan.
Are you missing
out on this? Why? Have a look at the video
overview of Medical Expense Reimbursement Plans, and if you're
interested in saving some serious money on Health Care, follow the links for a free
assessment of your savings potential.
Wholly Cow! CEBI
Members Roast a Steer, Land on Front Page of WSJ
  Food,
friends, fire, whiskey, cigars, whole animals. Two CEBI members staged a
customer appreciation event that went viral. Member Jeff Bannister saw a
YouTube video about a guy in Argentina who roasted a whole steer over an open
fire. The gauntlet had been thrown.
 Fellow
CEBI member Brad Cunningham agreed to co-sponsor the event, providing the
staff, logistics and site (at his business - Network
Controls & Electric). The rest is history. 1,000 pounds of
steel and $12,000 later, they produced "Bovinova 2011 - An Epicurean
Cattle Roast".
A
Wall Street Journal food editor picked up on the story, attended the event and
chronicled it for the world. Those who claim to remember the 70's would
call this "a happening". Have a look at the WSJ
article, video and slide show....
Incentive Compensation Plan
Not Working?
You're Not Alone
Most incentive compensation plans don't work
very well. In some cases, it's misalignment with the company's
objectives. In others, it's that the incentive metrics are wrong -- that
those on the plan simply don't believe they can consistently meet or beat the
plan parameters and get a bonus.
And, in other cases, it's just a flawed plan design. One
such plan recently crossed my radar screen. After looking at what he was
really trying to accomplish and what was not working with the existing plan,
he made some major structural changes. And they
worked.
Here's
how......
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
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June
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* LB =
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Listing
of all
2011 Local Board Dates
What do you
get when you play country music backwards?
You get your girl back, your dog back, your pickup back and
you stop drinking.
Spring
Summit Briefings Are Online
CEBI
members regularly refer to Executive Briefings as a resource
for others looking for ideas on handling an opportunity,
situation or problem.
Briefings
from the 2011 Spring Summit are sure to be similarly
quoted. They're all up and available for your
use in the Summit
Presentation Library. Remember, you're welcome
to use this material within your own company -- just don't
distribute it outside the CEBI community.
U.S.
Manufacturing Not Down for the Count
Myth: "America doesn't make anything any
more."
Fact: U.S. Manufacturing is up by 2.5x since 1972
Myth: "American manufacturing is not
productive."
Fact: U.S. Manufacturing is producing 2.5x more with 25% fewer
workers. Automation and IT are the driving forces of both
trends.
Myth: U.S. Manufacturing is all going to
China."
Fact: Boston Consulting Group predicts that by 2015, "global
manufacturers will view the U.S. as equal to if not better-than China."
CEBI
Member in Production
Machining Magazine
Howie Smith of Wilson
Bohannan Company wrote an editorial piece on "Keeping
Business in America" for a recent issue of Production Machining
Magazine. Howie has been a highly visible and effective spokesman for
manufacturing in the United States.
Nominate a Member
CEBI
members are continuing to nominate business associates as new
members. Would you do someone else the favor of
introducing them to CEBI?
Just use this Nomination
Form, and we'll contact you to decide the best
way to approach your nominee.
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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. Members
meet regularly 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. Request
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