Broken Business Models: Sears & Kmart

Posted by on March 28, 2017 · Leave a Comment 

The NY Post’s article and others seem surprised that Sears Holdings may not be able to continue as a going concern. Clearly sale of its Craftsman brand was a signal that Sears was in serious financial straits. The acquisition of Sears and Kmart was completed ten years ago. But twenty years ago, before e-commerce became a major competitor, it was painfully obvious that Sears and Kmart were in serious trouble. Vendors selling to both companies at... Read More

Filed under Acquisitions, Bankruptcy, Broken Business Model, Business failure, Management · Tagged with , , , , , , , , , , ,

My Leadership Excellence magazine article “Seven lessons from a turnaround CEO”

Posted by on May 6, 2015 · Leave a Comment 

Leadership Excellence magazine published my article: “Mastering Leadership – Seven lessons from a turnaround CEO” By Robert F. Amter There are many theories about what it takes to be an effective Chief Executive Officer.  Most are based on observation and research.  They lack the hands-on, in the trenches experience of what it really takes to lead a company – especially one that is experiencing bad times. When I enter a company... Read More

Filed under Acquisitions, Bankruptcies, Bankruptcy, Best Companies to Work For, Business failure, CEOs, Chief Executive Officer, Emerson Electric Co., Leadership, Leadership Excellence magazine, Management, Manufacturing, Peter Drucker, The Art of War, Turnarounds, USA · Tagged with , , , , , , ,

My AMA article: “Hard-Won Lessons from a Turnaround CEO”

Posted by on April 18, 2013 · Leave a Comment 

    The American Management Association published my article  “Anticipate, Focus, Execute – Hard-Won Lessons from a Turnaround CEO”. An excerpt from the article is as follows: “After 15 years at Emerson Electric Co, I have spent more than 20 years as a turnaround CEO.  During this time, I have discovered that companies get themselves into trouble, not because of technological advances in the marketplace, new competition,... Read More

Filed under American Management Association, Best Companies to Work For, Business failure, CEOs, Chief Executive Officer, Emerson Electric Co., Leadership, Management, Peter Drucker, Turnarounds · Tagged with , , ,

The GM & Chrysler Bankruptcies

Posted by on June 1, 2009 · Leave a Comment 

“The General Motors Corp. Chapter 11 bankruptcy marks the humbling of an American icon that once dominated the global car industry and sets up a high-stakes gamble for USA taxpayers.” Reportedly both General Motors and Chrysler will exit from Chapter 11 Bankruptcy Court in 60 to 90 days. This sounds like wishful thinking and may involve some public relations imagery. To “correctly” restructure a significantly less complex and smaller manufacturing... Read More

Filed under Bankruptcies, Bankruptcy, Blog, CEOs, Chrysler, GM, Peter Drucker, The Big Three · Tagged with , , , , , , , , , , , , ,

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Chief Executive Officer

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Turnarounds & Operational Restructurings

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Reason I wrote my book “Learn to Whisper”

Click on this link for a more complete description of “Learn to Whisper”

The reason I wrote “Learn to Whisper”:

My conclusion after operating as a Turnaround Chief Executive Officer for more than twenty-five years is that the majority of this country’s top management is far from first-rate. In fact top management, particularly at the chief executive officer level, is at best average with a large number that can be rated mediocre. This lack of management competence has seen this country’s market leaders lose sizeable market share to foreign manufacturers able to export better quality and lower cost products to the USA. It has seen manufacturing and service operations unnecessarily moved to foreign countries. All of which has negatively affected the economy, severely damaged former blue-chip corporations and seen quality jobs lost.

It is quite common to discover that companies struggling with this inability to compete with foreign companies have been simply mismanaged. The once successful business deteriorated because of an incompetent chief executive officer and weak senior management

Why doesn’t this nation have first-rate management? Inadequate training. Chief executive officers and vice presidents learn “on the job”. A number get promoted based on personality, political connections and drive – not merit. They are not carefully screened for the potential to become successful at managing. For some all that is needed is a well-written resume, the right interviewing style and the inability of a new employer to accurately assess skills, performance and potential.

Compare this to the process doctors go through. From medical school to internship to residency to a senior role after years of education, experience and continuous training their progress and capabilities are constantly monitored even after they become senior in the profession. Generals and Admirals go through a similar protocol. They must prove themselves in low-level assignments before they are judged qualified for senior positions. Unqualified applicants in both professions are culled out. What can be done to improve management competence? Education, on-the-job training and job performance monitoring. My book will educate people on the subject of managing. Its 101 management lessons are separated into the 17 subjects managers need to know.