Tuesday, October 2, 2012
Becoming Extraordinary in Business
These days it's
popular to complain about CEOs having all this wealth and power, how the
"1 percent" has all the advantages, it's not what you know but who
you know, the rich keep getting richer and all that.
You'd think CEOs were
born with the title, like royalty, or just fell right out of the sky into a
cushy corner office chair. The same goes for big successful companies these
executives run. They didn't start out that way.
So before I blow a
gasket, I'm going to try to explain how this really works to all the
know-it-alls who actually have no idea what they're talking about and yet
somehow always seem to have the loudest voices. I'm going to explain how
ordinary people and businesses become extraordinary.
And you know what? I'm
going to explain it in a way that everyone can understand.
There's a great movie
with Tim Allen and Sigourney Weaver called "Galaxy Quest" in which a
bunch of washed-up actors from a cult space TV show -- a Star Trek knockoff --
somehow end up in the middle of a real-life interstellar battle to save an
alien race from genocide.
With the aliens' and
their own lives at stake, the bungling, terrified actors somehow find the
courage to step up to the plate and live up to their show's heroic motto:
"Never give up, never surrender." In the end they save the alien race
from extinction and rid the universe of a bad guy who ranks right up there with
Darth Vader.
Let me tell you
something. Climbing the corporate ladder and building a successful business in
the real world can be exactly like that. It takes tremendous courage,
resourcefulness and perseverance in the face of brutal competition and
adversity that often seem impossible to overcome.
That's why the movie
resonated with me like it did. There were definitely times over the past 30
years when I felt like those actors. Times when my relatively small team and
company, underfunded and under-resourced, went up against gigantic, scary
companies like Microsoft (MSFT)
and Intel (INTC).
There were times when
I wasn't at all sure I was up to the challenge. There were times when I felt
hopeless, even washed up. But I never gave up and I never surrendered. And
every successful corporate executive and business leader goes through the exact
same thing for years and years. Entire companies, too.
When you denigrate Big
Oil, Big Pharma or Big Telecom, you're missing the simple fact that big
companies are nothing but small companies that became really successful through
decades of remarkable effort. And people who worked their tails off to overcome
extraordinary challenges and hardships lead them all. People just like you.
Exxon Mobil (XOM)
CEO Rex Tillerson grew up in a small town in Texas, got a degree in civil
engineering and started out as an entry-level engineer at the Standard Oil
Company of New Jersey, which had just changed it's name to Exxon. As the
company grew, Tillerson climbed the ladder, finally becoming chief executive 31
years later.
Former Verizon (VZ)
CEO Ivan Seidenberg began his career as a cable splicer's assistant right out
of high school. Decades later he became head of NYNEX, a Regional Bell
Operating Company, and through subsequent mergers with Bell Atlantic and GTE
became CEO of newly formed Verizon in 2000.
AT&T (T)
CEO Randall Stephenson joined the Oklahoma information technology department of
Southwestern Bell right out of school in 1982; His predecessor, Ed Whitacre
Jr., started out as a facility engineer, also at Southwestern Bell. He worked
his way up to CEO, acquired one company after another, and eventually grew a
"Baby Bell" into today's AT&T.
There's a common
mantra these days that corporations are not people. Yes, they are. Starbucks (SBUX)
founder and CEO Howard Schultz grew up not far from where I did in Brooklyn,
New York. Steve Ballmer, the often-demonized chief executive of Microsoft, grew
up In Detroit. His father worked for Ford (F).
A good friend of mine,
a former CEO, just bought a beautiful estate in one of the nicest parts of
Los Angeles. He has all sorts of fancy cars. But he didn't start that way.
He worked for decades, first at a research lab, then as an entrepreneur at a
few startups until one finally took off and went public.
All these people are
just like you and me. They all came from working families. And their companies
were no different from any small or midsize business. The only difference is
that they and the employees of their companies worked tirelessly, faced extreme
adversity, overcame the obstacles and made it. They never gave up and
never surrendered.
That's how ordinary
people and companies beat the odds and became extraordinary.
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