Mbiz June 2013 Final.Indd

hr headquarters SPECIALTY TEAMS BUILD YOUR OWN FRANCHISE PLAYERS By Pat St. Germain f your employees leave everything they this January, the Leafs had not only failed to develop new relationships with managers, have in the boardroom, come to work win a championship, they hadn’t even made customers and suppliers. And some of those for the full eight hours and give 110% the playoffs. relationships can be diffi cult when the star Ievery day, congratulations — you have Sure, they got some bad bounces. Games has to lead employees who were passed over a winning team. And you should do whatever didn’t go their way and opposing teams for promotion to his job. it takes to keep it together. just scored more goals. But Rowe could Rowe says companies who do hire stars That was the advice to guests who attended have predicted the outcome based on should be prepared to invest 10 years before the Stu Clark Distinguished Speaker series the experiences of managers who had a they can expect a repeat performance. with Dr. Glenn Rowe at the I.H. Asper School chance to win a cup with more than one You’re better off investing in potential stars of Business Executive Education Centre in team during the fi rst 95 years of the NHL’s who are already on your roster. early April. history. Only nine GMs had that shot, “Mentor someone who has the potential to “If you’re a star in your organization, stay and only one repeated the feat — Tommy become a great leader. Give him a chance to there. If you have a star in your organization, Gorman, who scored wins with the Ottawa learn about every aspect of your business,” keep him or her — don’t let him go,” Senators, Chicago Blackhawks, Montreal he says. Rowe says. Maroons and Montreal Canadians from the Again, he offers an example from the NHL. A hockey buff and former Royal Canadian 1920s - 1940s. Ken Holland spent 12 years with the Detroit Navy commander, Rowe is an academic Rowe says managers and coaches who move Red Wings, working in several capacities at the Richard Ivey School of Business at to new teams after a winning streak turn before he became GM and led the team to Western University. He applies lessons from in below-average performances across the three Stanley Cup victories. the National Hockey League’s hiring history board. And another researcher has found So what does he think of the Winnipeg Jets to argue that businesses should groom star that’s also the case when star stock analysts management team? Well, the Jets’ front leaders from within the ranks rather than move to competing fi rms. offi ce doesn’t have the star quality the hire them away from their competitors. Rowe says about 70% of a star leader’s Tampa Bay Lightning bought when it hired Take the Toronto Maple Leafs — please. success depends on team or company former Red Wings star player Steve Yzerman. After failing to win a Stanley Cup for many resources — corporate culture, training, But Rowe says it bodes well that GM Kevin years, the Leafs hired Brian Burke as technology and team chemistry are Cheveldayoff didn’t trade draft picks for an general manager in 2008, a year after Burke all factors. immediate-impact player last year. won a Stanley Cup as GM of the Anaheim When a star moves to a new company, he “Winnipeg has a better chance of winning a Mighty Ducks. By the time Burke was fi red leaves those resources behind and has to Stanley Cup before Tampa Bay.” 22 | SUMMER 2013 ’pegBIZ MMBizBiz JJuneune 22013_final.indd013_final.indd Sec2:vSec2:v 66/21/13/21/13 44:48:44:48:44 PMPM.

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