Planning to attend the Center for Operational Excellence’s Leading Through Excellence summit in April? Less than two weeks remain to get the best available pricing on the three-day event.
Any registrations before Jan. 1, 2017, automatically will receive 10% off the total price. Group registrations of five or more receive an additional 5% off, a discount in effect the duration of the summit sign-up period. The automatic early bird discount for individuals and groups of up to four drops to 5% at the beginning of the new year.
Leading Through Excellence, COE’s signature event, will take place April 11-13 and feature a wide variety of workshops, tours, breakout sessions and keynotes designed to help attendees sharpen their problem-solving and leadership skills. This year, we’re taking attendees to the Cleveland Clinic, exploring the power of business storytelling, and hosting sessions from leaders at companies including IBM, Bose, FedEx and more. Keynote speakers include communication expert Debra Jasper, CEO of Columbus-based Mindset Digital, and Chris Yeh, co-author of the bestseller The Alliance: Managing Talent in the Networked Age.
Emotional Intelligence: Becoming a Leader Who Cares, hosted by American Woodmark CEO Cary Dunston. In this session, Dunston will explores why leaders with the best intentions often make choices that limit their ability to be effective. The root cause, he proposes, is a lack of “emotional intelligence,” which can steer leaders to become emboldened by purpose and aligned with their core values.
The Power of Lean Habits, hosted by Eric Olsen, a professor at California Polytechnic State University. Drawing from Charles Duhigg’s bestseller The Power of Habit, Olsen in this session explores how companies can leverage the key components of the habit loop – cue, routine, reward, craving – to identify the lean and non-lean habits at work in their organizations.
Building the Fit Organization, hosted by Dan Markovitz, Shingo Prize-winning author. Markovitz wrote his book of the same name after realizing too many companies in their pursuit of operational excellence were trying to mimic “the Toyota way” without translating the core concepts of lean into a language that resonates with their employees and in their unique corporate culture. This session offers the keys of the Toyota Production System in jargon-free terms.
Registration for the Center for Operational Excellence’s fifth-annual summit is set to open Friday, Dec. 2, when COE will be hosting its final event of 2016. Leading Through Excellence will take place April 11-13, 2017, at the Fawcett Center in Columbus, Ohio, and is expected to attract nearly 400 process excellence leaders from around the country. Once again, the summit will bring a blend of dynamic keynotes and breakout sessions from researchers and business leaders, hands-on workshops, and off-site tours, all focused on developing key problem-solving and leadership skills.
More information on the summit, including a new keynote addition, will be announced at the Dec. 2 seminar, but here are some speakers, events and other key details you should know:
Co-author of bestseller ‘The Alliance’ set for closing keynote: COE is thrilled to announce Chris Yeh, bestseller of The Alliance: Managing Talent in the Networked Age, will be serving as the closing keynote of the summit on Thursday, April 13. Yeh’s book, which he wrote with LinkedIn founder Reid Hoffman and Ben Casnocha, debuted in 2014.
A collaborator with high-tech startups since 1995, Yeh’s mission statement as described in The Startup of You is “To help interesting people do interesting things.” He has been blogging since 2001, both on his personal blogs and as a guest author in outlets like TechCrunch, Mashable, and VentureBeat. He’s also the author of the popular blogs Adventures in Capitalism and Ask The Harvard MBA.
More keynote information will be announced Dec. 2 and posted on our summit website.
Tour highlights Cleveland Clinic’s lean office excellence: Cleveland Clinic isn’t just one of the best hospitals in the country. It’s also a model of how a culture of excellence and continuous improvement can grow and sustain across a massive organization that sees more than 5 million patient visits a year and employs more than 3,000 caregivers. Leading Through Excellence attendees will have the chance on Tuesday, April 11, to head to Cleveland and get a look at how the organization has rolled out operational excellence in its back-office functions. This all-day opportunity is a must-see for process excellence practitioners in service and transactional environments. It’s one of more than a dozen tours and workshops being hosted on the first day of the summit, most of which are posted on the summit website.
Bose, FedEx, IBM leaders among breakout session hosts: Head to our summit website now for an early look at confirmed hosts of the breakout sessions that fill out April 12-13 at the summit. The sessions once again feature the summit’s signature mix of insights from Fisher College of Business researchers and transformation stories from business leaders. This year, participating organizations include Bose Corp., Fedex Corp., IBM, ThedaCare, and more.
Best group discounts end Dec. 31: The first four weeks of summit registration offer member and non-member attendees the chance to save up to 15% on summit registration by registering five or more employees at one time. A smaller early bird discount runs Jan. 1 – Feb. 13, though groups of five or more save an additional 5% during the entire registration period. Check out our pricing info for more details.
Don’t miss your best chance to save the most on what will mark the biggest event in COE’s 25-year history!
Even as an icon in leadership circles who’s built a thriving, multibillion-dollar retail business, L Brands Founder, Chairman and CEO Les Wexner stays true to his roots – and is quick to acknowledge them.
“But for The Ohio State University, I wouldn’t have been able to go to college and get the basic education that helped me so significantly in my career,” he said, opening his featured keynote at the Center for Operational Excellence’s September seminar. “Every time I come back on campus, I smile to myself.”
Wexner came back on campus to headline a leadership seminar that attracted nearly 300 attendees, making it the largest in COE’s nearly 25-year history. Here’s a look back at some of his best insights over a wide-ranging discussion that covered his personal philosophy on leadership – what he called “a lifetime executive education program you have to master for yourself” – along with his outlook on the retail business and his verdict on crucial past decisions he’s made:
On the value of leadership education: “I firmly believe leadership is not just an important thing – it’s the most important thing, and it’s undervalued in high schools, colleges and universities. If there’s a single thread of teaching and learning that I try to influence at our university, and influence other educators to think about, it’s the importance of leadership as a subject.”
On what makes a great leader: “Leaders come in all shapes and sizes with virtually every characteristic and kind of personality, but they all have the ability to influence, and influence is the foundation of leadership – whether it’s by pushing from behind, coalescing the middle or being an insurgent, General Patton-type. I always default to the front; I like to churn things up and say, ‘We can take that hill, let’s charge.’”
On the virtue of adaptability: “Leaders that continue to grow are optimistic but they’re professionally curious about society and they think about adapting, trying new things, and understanding things they can’t so they can be continually relevant in their own lives. … In my thinking, the only way to test my adaptability is to do something different. It’s very important mid-career not only to have a good understand of yourself, but to think about how to exercise that curiosity muscle between your ears and be adaptive.”
On why brick-and-mortar retail is here to stay: “We’re pack animals. People like to be with people; that’s part of the human condition. It’s what they buy that changes, and one of the things that’s interesting to us is how the Internet has changed lifestyles, communication, and the consumer. … Still, we find that shopping has to be fun and interesting, and we’ve been experimenting with that for several years.”
On his game-changing decisions to spin off brands such as Abercrombie + Fitch, The Limited and Express: “I believe in life cycles. I look at those cycles and say, ‘OK, when’s the next wave coming, and is that a good or a bad thing for us? Those were very tough decisions I thought over for a long time. I gathered in my own mind the information and had to suck up some courage to do it. It turned out to be the right thing to do and it did take our business to a better place.”
On the inevitable challenge, and opportunity, of risk: “Leaders have to have a pretty good instrument on risk. We remember generals that won wars, not the ones that got killed doing foolish things. There’s that notion of knowing yourself, and leadership is about change, taking people to places that haven’t imagined. That means risk. … Leaders have a vision that’s a little different than the one that’s popular at the moment, and in that you have to assess failure. If I didn’t screw up some things, that means I didn’t push hard enough.”
On why aiming high matters: “I try to encourage our enterprise to really dream. If you don’t have a dream, you can’t have a dream come true. Still, you have to focus on ambition, in part, and separately think about the resources you need, and the risks. … The world’s changing while we’re here and it’s just going to get faster in the future. Are we stimulated by that? I am.”
On how he stays busy – and grounded: “What I worry about is running out of work – it would just be a terminal thing. I like the idea of work, and I have a substantive to-do list that’s more than I can finish. … I made a decision in my early 40s that I could make more money but I couldn’t make more time. Nobody can make more time. If I was effective and efficient, I could do more with the limited time I have.”
On why he enjoys leading: “People ask me when I’m going to retire, and I say, ‘When I’m unhappy.’ I like the people I work with, the challenges, the changes. Leaders have to be happy with themselves. If they’re not, they can’t lead themselves, let alone others.”
On the ultimate test of a leader: “The simplest measure of leadership is this: Did you actually take people to a better place? Are we better off today than we were yesterday, whether that’s in business, family or community? It’s not about how many people followed you blindly. Did you actually improve things in hindsight?”
Columbus-based BMW Financial has selected five startups to join an Innovation Lab, dubbed the automotive sector’s first financial technology business incubator. “The five finalists,” according to AM Online, present a range of innovations that could revolutionize how consumers own and insure cars in the future, from opening up entirely new types of leases to consumers, through to tackling the barriers young drivers face.”
FedEx Corp. this week unveiled a number of changes in its C-suite, led by news that FedEx Express chief Dave Bronczek will become president and COO of the parent company. This makes him primed to succeed CEO Fred Smith. FedEx also announced the retirement of Mike Glenn, whose roles included co-CEO of FedEx Services. The other Co-CEO, Rob Carter, will become FedEx Services CEO in 2017.
Cleveland-based KeyCorp this week received clearance from the Office for the Comptroller of the Currency to buy Buffalo-based First Niagara Financial Group. It’s the last step in a nearly yearlong process to merge the banks’ assets.
Columbus-based Nationwide is buying Jefferson National of Louisville, taking on the company’s portfolio of investment and fee-based advisers. Nationwide said the deal marks a major expansion of its sales reach in the financial services market. The transaction, which will make Jefferson National a Nationwide subsidiary, is set to close early next year.
The “But For Ohio State” fundraising campaign launched under former Ohio State University President Gordon Gee is coming to a close with a haul past the $3 billion mark. OSU President Michael Drake on Thursday told major donors that the university brought in $3,004,563,961. For scale, that’s about half of the university’s annual top line.
Cleveland-based Progressive Insurance said it plans to hire about 1,300 people by the end of the year, mostly information technology positions. Jobs will be added at its headquarters and other offices around the country. That’s an increase of about 5 percent over Progressive’s headcount as of June 2016.
Dr. Sheldon Retchin, CEO of OSU’s Wexner Medical Center, said in a recent interview that he’s seeking to “make Ohio State a place where innovation and research are really top of the chart.” Growth areas, he said, include research in addictive medicine and health policy.
Don’t just take it from us that our featured keynote for next month’s Center for Operational Excellence supply chain event is a big deal.
The Council of Supply Chain Management Professionals at its annual conference in Orlando this week awarded Dr. Chris Caplice the Distinguished Service Award, the most prestigious honor around for supply chain professionals. Caplice, the executive director of the Massachusetts Institute of Technology’s Center for Transportation and Logistics, is the keynote at COE’s Oct. 21 supply chain forum. Registration is open now, though seating is restricted to employees of COE member companies.
Speaking of Caplice, CSCMP CEO Rick Blasgen said that Caplice “from his involvement in education, to his innovative work in identifying and developing technologies that have contributed to the improved efficiency and effectiveness of transportation, logistics, and supply chain processes … has had a dramatic impact in shaping the supply chain discipline as we know it.”
Caplice has contributed to our growing knowledge on supply chain management from the industry and academic side, placing himself in what CSCMP calls an elite group. In addition to his MIT role, he has worked at Logistics.com, Sabre Holdings, the Virginia Military Institute and the U.S. Army, where he served as an officer.
At COE’s event next month, Caplice is addressing a serious challenge for many organizations today, which lack supply chain designs that can suitably adapt to disruptions. He’ll be highlighting four oncoming trends – miniaturization, virtualization, decentralization and digitization – that will alter the competitive landscape as companies devise new ways to serve their customers. This session will provide supply chain managers and others with new insights as they rethink assumptions in their partner selection, distribution network design, and chosen service platforms.
Cardinal Health Inc. is making a concerted effort to promote women because that will bring it closer to its customers in health care, said Paul Gotti, vice president of nuclear pharmacy at the Dublin health care giant.
Crown Equipment was honored Wednesday by the Ohio Department of Veterans Services for its dedication to hiring and retaining military veterans. Chip Tansill, director of the the Ohio Department of Veterans Services, traveled to Crown’s headquarters in New Bremen to thank the veterans for their service, and to acknowledge the company’s consistent recruitment of Ohio’s military servicemen and women.
Columbus-based Huntington announced its $3.4 billion purchase of FirstMerit in January. The deal closed two weeks ago and FirstMerit will be converted to the Huntington brand in full early next year. Until then, Huntington is asking FirstMerit customers to continue using existing FirstMerit branches.
Ohio State University Wexner Medical Center had $3.21 billion revenue in its first full year with the James Cancer Hospital tower and doubled emergency department, a 9 percent increase over the prior year and passing the $3 billion milestone for the first time.
An unidentified beauty products company will receive a six-year, 1.485 percent tax credit in a pass-through by third-party logistics partner DHL Supply Chain. The company, formerly known as Exel, will add $13.31 million in annual payroll as a result of the project.
A Marysville hospital system is scrapping plans for an expansion in the city, opting instead to turn 90 acres of undeveloped land back over to Scotts Miracle-Gro Co. for product testing. Memorial Health will sell the land bordering Route 33 to Scotts (NYSE:SMG) for $4 million, both organizations said.
The tiremaker this week disclosed that Gregory L. Smith, senior vice president of global operations, will leave the company Dec. 15. Joe Zekoski, the company’s chief technical officer, took over his duties earlier in August.
The Delaware, Ohio-based industrial packaging maker said it had profit of 78 cents per share. Earnings, adjusted for one-time gains and costs, came to 91 cents per share. The results exceeded Wall Street expectations of 72 cents a share.
A pair of Center for Operational Excellence members have landed on ComputerWorld’s annual ranking of the best companies to work in information technology.
The magazine’s 23rd annual ranking placed Toledo-based COE member Owens Corning fourth on its large-company list, up from No. 7 in 2015. Columbus-based Nationwide landed at No. 36 on the list, up from 49th in 2015.
ComputerWorld’s rankings surveyed nearly 25,000 I.T. staffers at the nominated companies to rank the list, culling details on office culture, benefits, and training/career development opportunities.
The magazine singled out Owens Corning’s “dynamic environment that offers employees opportunities to grow professionally.” Nationwide received plaudits for its learning and innovation events, “hackathons” and peer-led educational sessions. The company also is active in COE’s IT Leadership Network, a group of IT leaders committed to implementing process improvement principles in that space.
Coming in at No. 1 on the large-company list this year was Detroit-based Quicken Loans, whose president spoke for COE members in 2012.
Explore the list here or download a PDF of the detailed ranking here.
Whether it’s at a $70 billion-a-year consumer products conglomerate or a fledgling business in the heart of the Buckeye State, innovation is the fuel that keeps organizations moving and evolving.
The Center for Operational Excellence is continuing its three-part “Innovation Summer” series in July and August with a look at two very different organizations of vastly different scope and how best practices in product development are helping them grow.
On Wednesday, July 13, COE welcomes Meri Stevens (pictured, left), the vice president of supply chain strategy and deployment at Johnson & Johnson for Innovation Summer, Part 2: Innovation Beyond Your Four Walls. Building on a June 16 keynote from Mark Anderson of 3M Co. on R&D collaboration inside the company, Stevens will share how the maker of Tylenol, Listerine, and countless other products is collaborating upstream and downstream to fuel radical, breakthrough innovation.
For Johnson & Johnson, even the very concepts of “upstream” and “downstream” are changing in an era of unprecedented consumer involvement as products such as 3-D printers extend value creation beyond the company’s borders. Stevens will share how this shift has brought about major cultural change for J&J’s thousands of supply chain employees as they work to “move the needle” for the Fortune 50 business.
Stevens’ presentation will be followed by a trio of TED Talk-like presentations from Fisher College of Business researchers, led by “Innovation Summer” organizer Prof. Aravind Chandrasekaran, on the latest insights into collaborative innovation.
Click here to register for this 8:30 a.m. to noon event at Ohio State’s Fawcett Center, exclusively for employees of COE member companies. This session is recommended for those interested in either innovation or supply chain management.
“Innovation Summer” concludes Thursday, Aug. 18, by exploring principles of the “lean startup” with a presentation from Buckeye football greats Bobby Carpenter (pictured, far left) and Anthony Schlegel (pictured, immediate left). Both Carpenter and Schlegel, Fisher College of Business MBA graduates who played for the Buckeyes and went on to be drafted in the NFL, founded The Difference USA LLC, which makes and markets a portable striking machine. Schlegel, who invented The Difference, will share along with Carpenter his journey to bring the product to life and the lasting lessons the team has learned about the process of innovation.
Registration for this event is set to open Wednesday, July 13.
The Ohio Manufacturing Institute just released the latest edition of its semi-monthly Manufacturing Tomorrow podcast, which they recorded at the Center for Operational Excellence’s Leading Through Excellence summit just last month.
Podcast Executive Producer Kathryn Kelley in this edition interviews a trio of COE members – Agrana Fruit’s John Labrador, Crown Equipment’s Craig Wreede and WillowWood’s John Matera – on what operational excellence means for them. Listen here, and check out the podcast’s website here.
COE regularly partners with OMI to bring speakers to Manufacturing Tomorrow. Past COE collaborations have resulted in podcasts interviewing Goodyear’s Norbert Majerus, COE Executive Director Peg Pennington, Snap-On Inc. CEO Nick Pinchuk and more. They’re all on the podcast archive.
Special thanks to Kathryn Kelley and the OMI team for visiting the summit and featuring our members.
Spotlight on MassMutual at IT Leadership Network forum
After a visit from Menlo Innovations CEO and Joy Inc. author Rich Sheridan May 13, COE’s popular IT Leadership Network forum series returns June 3 with a presentation from Dalton Li, a vice president who leads the continuous improvement practice for $29 billion-a-year MassMutual Financial Group.
In this session, which kicks off with a networking breakfast, Li will provide an inside look at MassMutual’s approach to lean deployment, its coaching strategy, and its support system for sustaining gains. Li began his career as a nuclear submarine officer based in Annapolis and later served as an assistant professor for the U.S. Navy before working at consultancy McKinsey & Co. for six years. He joined MassMutual in his current role in 2012.
Formal invites for this session are set to go out early the week of May 2.
Innovation Summer series
Just a few weeks later, COE kicks off a three-part “Innovation Summer” series led by Associate Director Aravind Chandrasekaran. This series, set for June 16, July 14 and Aug. 18, tackles questions including: How can companies leverage lean/Six Sigma practices to build more agility for innovation teams inside their organization? How can they carry those across the supply chain? And how can these best practices cultivate an idea from its earliest stages?
Across this trio of sessions, you’ll hear from innovation icon 3M, Buckeye/NFL greats and business owners Bobby Carpenter and Anthony Schlegel (pictured, left), and more.
Registration for the first of the three sessions will open the week of May 9.
‘Build Your Brand’ workshop
COE’s semi-annual Women’s Leadership Forum series returns June 24 for a workshop with Krista Neher, CEO of Boot Camp Digital. This “Launch Yourself” session will help attendees define, design and deliver a powerful personal brand online.
Registration for this limited-capacity session will open the week of May 16.
Check out COE’s events page for save-the-dates on additional events into the fall and through 2017.