Business Management Information
Five Defining Characteristics of Great CEOs
1. Personal insight. Great CEOs are great leaders. They know themselves and what they stand for. They have been called on all their lives as problem solvers because others know them to be fair and impartial. People respect their opinions and look to them for guidance. Great CEOs are mature as people. They can suffer disappointment more gracefully than others and give others credit for their achievements. They don?t come in the office door yelling for something they need. They aren?t as concerned about titles or power structures as they are about the welfare of those who work at the company. They are trustworthy because they?ve always been honest with people and have earned that trust. They care about families, and they know that people are more important than dollars and express it in their actions every day.
10 Critical Questions to Ask Before Hiring a Consultant
Talk to as many consultants as you can before hiring one. Even if you have one person or firm in mind, interview at least a few others as a sort of due diligence. You'll probably find that each interview helps you focus on the issues you're hiring a consult to help resolve.
What Consultants Want You to Know (But You Never Ask)
I?ve been both a CEO and a consultant, so I?ve seen from both perspectives what goes right and what goes wrong when a consultant comes in to a company. Generally the CEO or the manager who hires the consultant tells the consultant what he or she wants. Often the manager is frustrated with something that is happening at the company and expects the consultant will have the expertise to ?just fix it?. While the manager needs to set the expectations, of course, the consultant rarely gets to voice what he or she knows would make the consulting engagement more successful for both.
Are You in AWE of Your Employees?
Employers have become so concerned about seeming ?unfair? or worse becoming the victims of lawsuits by unhappy ex-employees that they?ve stopped requiring minimum standards of employees. This can only lead to poor individual and eventually poor company performance. Your best employee performers will resent the fact that you use company money to pay people who aren?t up to standard and will reduce their own level of performance or leave.
Five Essential Hiring Practices
Recruiting and hiring are often done in haste, leaving the company to repent in the long run. Today, there?s a reason to be concerned about negligent hiring. Negligent hiring means you and your company can be sued if one of your hires injures other employees, especially if you could have foreseen a problem but did not do a thorough check of the new employee before hiring.
Four Employee Behaviors That Can Kill Your Business
I found it important to clarify for employees what ?deal-breaker? behavior was at my company. These are the things I insisted would not be tolerated and would lead to immediate or ultimate termination, depending on the nature of the infraction of these hard and fast rules. Here are the behaviors I would not tolerate:
What Your Employees Want You to Know (But You Might Be Afraid to Ask)
This is a challenge for every company owner and manager. You have tremendous plans for growth and expect a lot of your employees. But do you know if the company is meeting your best employees? expectations? Are you providing the type of environment that supports high productivity and high quality? Do you really want to know?
Five Steps to Increase the People Power in Your Business
Take some bold steps and help your employees and business partners open up to real change and help them start thinking again to the longer term. Send a message that you are ready to commit to new ways of thinking and that that includes a commitment to the success of your employees in the changing workplace.
A Fast and Simple Way to Update Your Business
You open your computer, the flashing button says, ?We have a new update for your software program. Do you wish to update now or later?? You choose the Update Now button and immediately your computer begins to download a new version of the software program.
Why Half of All Mergers Fail After the Honeymoon Ends
Marriages and corporate mergers in America have at least one thing in common, more than 50 percent end up on the rocks. In fact, according to a McKinsey study, only 23 percent ever recover the costs of walking down the corporate aisle. Another study showed that over 40 percent actually lose shareholder value.
The Paradox of Job Enrichment
Ellen was a clerk working for a large insurance company. One day, she spotted a glaring discrepancy in a form she was typing.
The High, High Price of Distrust
A paper manufacturer with over 300 employees once announced that it was planning to move to more spacious and attractive premises thirty miles down the road.
Thoughts on Empowerment
People are empowered when they are given the authority and responsibility to make decisions affecting their work with a minimum of interference and second guessing by others.
Bringing Ideas to Life: Seven Principles for Pulling Together
You?re so excited you?re practically bouncing off the walls. This idea?your best ever?is not only going to save the company tens of thousands of dollars this year, it?s eventually going to be a moneymaker. However, following your presentation, your three colleagues sit staring at you like ?hear no evil,? ?see no evil? and ?speak no evil.? You stare back at them in idiotic wonder: Why don?t they want what you want?especially when it?s so clearly the best thing for the company?
7 Steps To Hire The Best
You can use this step-by-step method to hire applicants who are likely to be ?superstar? employees:
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