AMC Coverage, Part 2
Another highlight this morning was the “Getting Into ‘Leadershape’ in the Digital Era” presentation by Robert Eichinger, CEO of Lominger International. Eichinger dazzled attendees with all sorts of statistical evidence that way more M&A deals fail to achieve the goals of the buyer than do achieve them, and that central to this problem is a lack of understanding of change management. In a session really targeted at the c-level execs in attendance, his revelations included: jobs are getting bigger, faster, more difficult and more complex; the supply of talent is getting smaller due largely to retiring baby boomers; most organizations will lose around 50 percent of their management in the next five to seven years due to retirement; and, as a result, younger people will be moving into “bigger jobs sooner.” An average of six years sooner, in fact, than their predecessors, and with an average of two fewer jobs of experience, he says.
Eichinger spent a good amount of his presentation detailing the “three keys” to being a more successful leader/manager: self awareness, listening and people skills, and learning agility—or the ability and willingness to learn, change and gain from life experiences.
One of the more memorable points from his talk, to me, was that managers’ “weaknesses don’t get [them] into trouble, [but rather] blindspots do.” Blindspots, he says, are the weaknesses a manager lacks the self awareness to see.
Magazines Get Moving: Exploring Mobile Opportunities
Monday morning’s conference programming was capped off with three breakout sessions. I attended the mobile session, featuring three vendors from the mobile space and a moderator who heads up CondeNet’s efforts in this area.
Interesting take-aways from the session included: Asia and Europe are well ahead of us in the U.S. with their mobile technology and the extent of its usage. Almost 220 million people in the U.S. own mobile phones—or nearly 80 percent of the population—so the opportunity to monetize the mobile medium is huge. Publishers need to figure out the best business model for themselves and move forward. Fast. Publishers should be sure not to let happen with mobile what they did with the Web, and they shouldn’t be afraid to “fail forward,” or continue to evolve their business models by learning through both their successes and failures.
Time for lunch.