Its a lively discussion. You are delighted with the meeting. The team is exploring, discussing big issues in meaningful ways. You are confident that there will be a great outcome to this important topic on the agenda. You try to let the discussion unfold; you engage as a participant, careful to not impose, but to
Let’s face it. Today’s generation has different expectations. They are more mobile, have different expectations, require more feedback, give more feedback. And how have we adjusted performance reviews? Not much. It is time to rethink how we engage with our employees around feedback. Think about doing more performance reviews with your employees, receiving and giving
Be seen In boating, the captain needs to be seen to be in control, no matter how hairy the situation gets. It’s about keeping people calm and focused, letting people know that the leader is aware and has the situation under control. Its no different in business. As managers, we are often tempted, when there
Often when we develop strategy and business plans, we create priorities and align them with how we are organized. In other words, finance has their priorities, sales has theirs, the P&L s have theirs. While this is necessary to assign accountability, make sure you recognize that some priorities can’t be started until others have been
We like to solve things and in order to solve things we have to be able to define the problem. Often, in our haste to solve, we will categorize problems or issues into neat little boxes that we can address and put away. After all, small, simple problems means small, simple solutions, right? Take the
perseverance Definition: diligence, hard work Synonyms: backbone*, constancy, continuance, dedication, determination, doggedness, drive, endurance, grit, guts*, immovability, indefatigability, persistence, pertinacity, pluck,purposefulness, pursuance, resolution,stamina, steadfastness, stick-to-itiveness, tenacity Make perseverance an important part of your vocabulary. The alternative is no fun: apathy, idleness, indolence, laziness, lethargy
Think of your business, your business plan, as the sandbox that you have decided to play in. You are not in the business of offering everything to everyone. Good business plans provide focus and direction to the organization. They define the sandbox in which your business will play.This does not mean that your business plan
I moderated a panel with Latin America CEOs exploring how businesses are leveraging shared value models. How CEOs must prepare for a new world. How the bottom of the pyramid needs to be solved; that shared value models of applying your core business capabilities to solving the BOP poverty dilemma are an absolute priority. It
Working with entrepreneurs and startups brings some strong perspectives that big business can leverage: 1. Cash is king. Many businesses have failed because they ran out of cash, not because they were losing money. In big business we look at ratios – % outstanding receivables over 30,60,90 days, SGA as a % of revenue etc