From the course: Leadership Stories: 5-Minute Lessons in Leading People
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How to use a metaphor
From the course: Leadership Stories: 5-Minute Lessons in Leading People
How to use a metaphor
- Alltel Corporation was founded in 1943 in Arkansas. And by 2007, it had become one of the largest wireless telecommunications providers in the country. Now, on May 20 of that year, the CEO, Scott Ford, announced that the company was gonna be sold to two private equity firms, TPG Capital of Fort Worth, Texas and Goldman Sachs Capital Partners of New York. And as they were taking over, they asked Scott to meet with them and deliver a detail presentation on how to run the business. Now, you can imagine the dozens of charts, and graphs, and bullet points they might have been expecting. But instead, Scott showed up with only two slides. And one of them was just a picture of a guy getting into a yellow cab on a busy New York City street, an image all too familiar to the New York team from Goldman Sachs. And now, you have to understand that private equity firms aren't usually interested in buying companies and managing them for decades. Typically, they buy companies they think will be more…
Contents
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Use the "Discovery Journey" method5m 9s
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How to use a metaphor4m 7s
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Challenge assumptions4m 54s
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Understand, agree, care, or don't bother3m 52s
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Concrete vs. Abstract4m 21s
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No excuses4m 13s
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Ask "Did I win or lose today?"4m 18s
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Foster friendly competition4m
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Prepare for change3m 6s
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Make it impossible not to change3m 38s
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Turn barriers into change agents5m 31s
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Trust your judgment3m 20s
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Permission to spend in hard times1m 45s
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