WHO WANTS TO BE A PRIME MINISTER?

Team D:

Elisa

Jamar

Hossam

Mohamed

Kosta

Management Control – Team D

AGENDA

Biography

Analysing Ms Thatcher

Strategic Map

Costs and Sacrifices

Personal Mission

Management Control – Team D

EARLY LIFE

Born 13.10.1925 in Grantham to the family of a local political activist

Receptive to her father’s influence

Studied in a competitive school

Focus – few areas where she could succeed

Relationships with right girls

1943-1947 – Somerville College in Oxford

President of the University’s Conservative Association

Management Control – Team D

PARLIAMENT EXPERIENCE

Elected into the Parliament as a Conservative

member

1959 1961 1965-1969 1970-1974

Post in the Ministry of Pensions

Positions in several shadow

ministries

Secretary of State for

Education

Management Control – Team D

A LEADER

1975 – Elected leader of the Conservative Party

1979 – Becomes Prime Minister of the Great Britain

Remains in office until 1990, presiding over radical political and economic changes

Management Control – Team D

SWOT for Margaret Thatcher

Strong work ethic

Skills identification and focus on strengths – self awareness

Father’s relentless push and family’s support

“You don’t follow the crowd, you make up your own mind”

Ambition and clear goals

Politically and socially skilled

Mix of spirit, fearlessness and intelligence

Willingness to learn

No engagement with stakeholders (Milk policy) – Hard

power profile – direct and confrontational

When to say no?

McGregor Theory X (mistrust of civil servants)

Weaknesses Strengths

Management Control – Team D

SWOT for Margaret Thatcher – II

Increase Soft power to gain stakeholder support for her policies.

The UK’s Soft power

“No sympathy in politics” means her allies can become her adversaries

Family scrutiny

Economic situation of the late 1970’s – policies became disruptive to the economy

Threats Opportunities

Management Control – Team D

How to become a Prime Minister?

Represent a constituency

Campaign relentlessly

Elected MP

Management Control – Team D

Congratulations, Prime Minister

Work hard Get noticed

Become a (shadow) minister

“Strike a king”… and kill him

Members of Parliament

Conservative Party has won by a

Majority!

Management Control – Team D

Costs of Getting Your Mission: Sacrifices

• Work with a single-minded focus.• Understand the importance of time. Leverage time to achieve goals and accomplishments.• Have little concern for popularity, but mastered the art of timing.• Worked to offset weaknesses. Developed those into strengths. • Career > Family• Worked herself to exhaustion and kept going. • Developed a tough skin and was fearless in her final decisions and personal convictions. • Did not allow other’s perceptions of her deter her. In other words, her being a woman failed to hold her back. She worked twice as hard than her peers.

“Don’t follow the crowd, let the crowd follow you.”

Management Control – Team D

Costs of Getting Your Mission: Scrutiny and Risk

The Milk Snatcher and

Smear Campaign

Campaigning Against

Mentor and Hail Mary

Victory

Further Budgetary Cuts and

Media Attacks

Son, Mark Thatcher – left UK in the 80s;

involved in shady affairs

“I’ll see them in Hell first…I will never be driven anywhere against my will.”

“When you strike at a King. You must kill him.”

Management Control – Team D

FROM HERE TO A CEO? – STRATEGY

• Maintain healthy work-life balance• Use the best opportunitiesChallenges of Success

• Make your spouse your ally• Spend time with childrenFamily Troubles

• Be disciplined• Be effective• Be active

Internal Processes

• Broaden your professional expertise• Grow your network

Learning & Development

Management Control – Team D

FROM HERE TO A CEO? – IMPLEMENTATION

Strategic Objective Initiative Target 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Challenges of SuccessMaintain healthy work-life balance Have a hobby Never stopUse the best opportunities Get promoted Every time

Family TroublesMake you spouse your ally Value his/her opinion 100% support of your decisionsSpend time with children Join their activities 2 hours per day

Internal ProcessesBe disciplined Meet your deadlines 100%Be effective Work on big projects Praise by superiorsBe active Participate in a CSR initiative Mention in a company communication

Learning and DevelopmentBroaden your professional expertise Customized education program GraduationGrow your network LinkedIn following Follower base growth 10%/year

Balanced Scorecard for Becoming a CEO

Years

Management Control – Team D

THE END

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