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Lecture

Nov. 12 2013 Bernie Ashe.docx

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Department
Administration
Course
ADM1300
Professor
Matthew Archibald
Semester
Fall

Description
Nov. 12 , 2013 ADM Bernie Ashe YUJIE YI #7038840 CEO in Residence – Bernie Ashe CEO Ottawa Sports and Entertainment Group (OSEG)  There isn’t only one way to solve the relationships with people, but different ways.  The formula for business: People + Strategy + Capital = Success It starts with the people  How people feel   What people want to do  What makes people tick    How do people get along  ­ Get a group of people to have the same goal/ object How do you let a group of people to sacrifice and to give is the key point to management.  About me  U of O 1978  Leader in 3 local industries  1  12  Currently CEO OSEG  ­ Developing Lansdowne  Ottawa Convention Center Challenges – what I need to do  No existing structure or history   Underfinanced   No time to operate … crisis management mode   Inexperienced – but enthusiastic – team   Intense public scrutiny ­ Community development standard AIT ­ Publicly­traded High Tech Company Challenges   Operating losses   Diversified business  Nov. 12 , 2013 ADM Bernie Ashe YUJIE YI #7038840 ­ Weekly meeting/ share information/ informing people/realizing the power of  honesty ­ Leading a team based on something you don’t know  Low share price   Loss of confidence   Competing with local “dot.com darlings”  KOTT GROUP ­ 30­year old business supplying the home building industry Challenges  Owner wanted to split Chair and CEO    Succession to daughter to CEO position   Needed to augment the entrepreneurial culture with professional practices  Ottawa Sports and Entertainment Group ­ OSEG  ­ RED BLACKS  ­ Ottawa 67’s  ­ Ottawa FURY 3  12 Challenges   Building a team   City of Ottawa Partner   Relationship building with community   Tight deadlines (get ready)  Intense public scrutiny  Leadership Good managers are not necessarily good leaders, and vice versa.  Management Skills   Planning   Organizing   Staffing   Directing   Controlling   Safety awareness  Nov. 12 , 2013 ADM Bernie Ashe YUJIE YI #7038840 Leadership Skills (playing the game – how these things get done) ­ Leaders are people who make difference on that team ­ People who possess certain skills often are not people who are in charge, but the  people on the team  Gets results   Communicates a plan   Reaches for more   Energizes others  Uses good judgment    Lives company values  Leaders get results (the point to evaluate leadership: get things done)  Achieve the plan   Maximize profitability   Get the job done   Seize opportunities  5  /12 Leaders communicate a plan   Set clear direction for the tea
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