Archive for the ‘Dennis Carey’ Category
Monday, August 30th, 2010
On September 17th, 2010, at the Hyatt Regency in Dallas, Texas, six athletes will be inducted as Masters in the International Swimming Hall of Fame, where Dennis Carey is on the Board of Directors.
The IMSHOF class of 2010 will include Lois “Kivi” Nochman of the USA, Bonnie Pronk of Canada, Barry Young of New Zealand, and Richard Burns of the USA. Two others will be inducted into the IMSHOF. These include an Honor Masters Diver, John Conner from the USA, and an Honor Master Contributer, Andy Burke of the USA.
Tags: Board of Directors Member Dennis Carey, Dennis Carey, Dennis Carey Board Member, swimming hall of fame
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Tuesday, August 10th, 2010
Dennis Carey is the Vice Chairman for Board & CEO Services for Korn/Ferry International. Korn/Ferry was started by Lester Korn and Richard Ferry in 1969. Over a 40 year period, the company has established itself as a world leader in executive recruiting and talent management.
Korn/Ferry International works tirelessly to be at the forefront of innovation. They have over 90 offices in 40 countries throughout North America, Latin America, Asia Pacific, Europe, the Middle East and Africa. They also possess a passion for talent and a goal of keeping pace with the evolving talent needs of their clients.
Tags: Dennis Carey, Dennis Carey Vice Chairman, executive recruiter Dennis Carey, Vice Chairman Dennis Carey
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Monday, August 2nd, 2010
As part of an article that Dennis Carey co-authored and that was published in the Wharton Leadership Digest he discusses the benefit for new CEOs of meeting with experienced CEOs. He explains that,
“On top of the general problem of harnessing the energies of a company comes the simple fact that a CEO may be very unfamiliar with some core responsibilities. Most new CEOs have never chaired a board meeting. Some may never even have attended one. Most have never had to forge a working relationship with a board-selected “lead director.” Outside the boardroom, issues such as advertising, human resources, the press, Wall Street analysts, mergers, and board member recruitment, which consumer large amounts of a CEO’s time and attention, are activities that most senior executives below the top job may have dealt with on only a very limited basis.”
Tags: CEO Academy, Dennis Carey, Dennis Carey CEO Academy, Dennis Carey leadership, Dennis Carey writings
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Saturday, July 24th, 2010
A number of years ago, Dennis Carey co-wrote an article that is still entirely relevant today. Entitled “Leadership Development: What New CEOs Can Learn From Old CEOs,” the article explains why Dennis Carey started the CEO Academy. In the article, he explains that,
“That is why we have come to believe that CEOs need to learn what they can from others who have acquired, largely by trial-and-error, insights into how to run a company. We believe there is an immense and largely untapped body of knowledge on these subjects. It resides among the fraternity of experienced, seasoned, and retired CEOs who have been working in the trenches for many years. They may well be the best “executive education” resource for current and future CEOs.”
Tags: CEO Academy, Dennis Carey, Dennis Carey business, Dennis Carey news
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Friday, July 16th, 2010
As an issue, succession planning has become even more a pressing matter of late. In Dennis Carey’s book “CEO Succession” Mr. Carey points out that the tenure of an executive has shrunk on average from 8 years a decade ago, to only about 5 years now, making the issue of succession planning of even greater importance.
It is understandable that a CEO might not be too anxious to name his or her successor while he/she is still functioning in his capacity as leader. Human nature dictates that “few chief executives want to encourage a bright youngster to covet their job too early.” Nevertheless, Dennis Carey recommends that a healthy company which wants to remain that way needs to think about its future early and develop a succession plan that will allow the transfer of power to be as smooth and painless as possible.
Tags: CEO Succession, Dennis Carey
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Thursday, July 8th, 2010
Succession planning is an important topic for Dennis Carey. In his capacity as the vice chairman of Board and CEO services at Korn/Ferry, Dennis Carey is often asked to help companies fill in the void when an executive either retires, dies suddenly or for any one of a number of reasons leaves his leadership role on the board of a company.
Sometimes, because there has been no advanced planning for how to replace the retiring executive, the company is left in a vulnerable, leadership-less condition which can wreak havoc on the normal functioning of a company’s business. Left without leadership and without a plan to appoint the next executive in an orderly fashion, companies will find that they appoint someone in a hasty manner, and might not always pick the perfect person for the job.
Tags: CEO Succession, Dennis Carey, Dennis Carey CEO Succession
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Wednesday, June 30th, 2010
In his book ‘The Human Side of M&A: How CEO’s Leverage the Most Important Asset in Deal Making,’ Dennis Carey gives advice on merger building:
“You will be building your merger or acquisition on a shaky foundation unless a few critical elements pass muster before the transaction is finalized. Specifically you will need to ensure that:
1. The strategy is sound. Whether the goal is expanding markets, products or consolidation, make sure that M&A is the right solution;
2. There are no skeletons in the closet. Make certain that you are not inheriting any fraud, legal or accounting issues that could spell disaster for any deal. Be diligent about due diligence and;
3. The human capital picture is thoroughly understood. It is critical to follow a separate process that will uncover precisely what you will be getting in your new management team; a picture that will not be fleshed out sufficiently as a result of the normal due diligence process that focuses on financial and legal issues.”
Tags: Business, Dennis Carey
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Sunday, June 20th, 2010
Author of various books and articles on business and management, Dennis Carey speaks of “accurate appraisal of talent [being] a critical ingredient of business success.” A method that is popular is the 360 evaluation in which “managers, peers and direct reports offer their confidential opinion of a leader’s competencies, strengths and weaknesses.” Carey wants to know though, “how honest is a 360?”
Dennis Carey explains, “My co-author and Wharton professor, Dr. Michael Useem and I will look at the 360 in an upcoming article in the Harvard Business Review. Having done thousands of appraisals in my career as an executive recruiter, the most interesting result of the research for me was how predictably biased 360 evaluations are. Because it’s so easy to know the source of the negative feedback, it’s safer to be politically correct to soften a judgment, to be nice.”
Dennis Carey adds, “Think of the reaction our article will receive from organizations that have based promotions on 360 evaluations. Now, be nice.”
Tags: 360 Evaluation, Dennis Carey
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Thursday, May 20th, 2010
Dennis Carey – with his wide and varied experience as a CEO and corporate recruiter – has also written many articles for various business-related magazines (as well as books). One of these is McKinsey Quarterly. This magazine is filled with helpful articles for business people and consumers alike. One of the most recent articles discusses the benefits of word-of-mouth marketing. No matter how much time, effort and resources are put into marketing, often the best way of getting your product out there is ensuring it is the best and then having contented customers tell others about it. As the article points out, this marketing method is “not only simple but also free.” There is so much out there in terms of marketing methods that it can often become too overwhelming; the “simple but free” word of mouth method speaks volumes.
Word of Mouth Marketing Methods and Dennis Carey
So for someone like Dennis Carey, who is always trying to improve and help businesses, word of mouth marketing is probably nothing new. But it might be interesting to read this article in McKinsey Quarterly that provides statistics for just how useful this is. It might also make his clients happy as the price of word of mouth is definitely something to smile about!
Tags: Dennis Carey, McKinsey Quarterly
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Monday, May 10th, 2010
As an executive recruiter with Korn/Ferry, Dennis Carey has had years of experience helping companies to recruit new CEOs. He offers important advice to businesses, CEOs and executives about creating smooth CEO succession. Here, we offers 5 of his ten most important business practices.
Dennis Carey Key Practices
Certainly, in order to make CEO succession smooth, the company needs to have a strong and involved board. Top management should continually be exposed to the board and there should be ongoing communication between the two.
More Business Advice with Dennis Carey
The next generation of CEO prospects needs to get a great deal of experience with outside boards, with the media and with the financial community. The executive or operating committee needs to be actively involved so that they are exposed to an overview of the company including its strategy and issues.
Finally, he recommends that the company does succession planning on an on-going and real-time basis.
Tags: Dennis Carey, Dennis Carey CEO Succession, executive recruiter Dennis Carey, recruiter Dennis Carey
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