Most companies will face major changes in their organization. To help the transformation process go more smoothly have your leaders engage in change management training. Read on for more.
Pass Them The Crown To Build The Empire
Stop for a moment . and imagine how you would feel as an employee under this situation:
You have been working for ACME for ten years now. You do the same thing everyday. Youre tied at the desk pounding a decrepit keyboard; half the keys dont work. When youre not nursing carpal tunnel syndrome, youre sipping stale coffee at the greasy counter. Worse, you dont really know anyone that you work with. Socializing involves a casual hello with the doormans Doberman.
One…
Take The Heat Off HR Encourage Career Self-Management
Is tackling talent management one of your goals this year? Employees are becoming more demanding, and topping their list is professional growth and development. These are the employees you should be striving to keep. They want new challenges, interesting work, and the opportunity to develop new skills. Even if you dont have the resources to implement a full-scale career development program, you can still provide your employees with the tools and support to manage their own c…
The Vital Few
Back in the 19th century, an Italian economist quantified the general relationship between a minority of producers and a majority of output. Sound familiar? The simplified version of Vilfredo Pareto’s ratio, known as the 80/20 rule or the Pareto Principle, says that in most cases, 80% of production comes from 20% of producers.
Quality guru J.M. Juran referred to Pareto’s principle as “The Vital Few and the Trivial Many”. If you are running a company, the 80/20 rule has po…
How To Make Mistakes
Promoting risk taking and eliminating fear of failure.
It would be a mistake to try to avoid all mistakes. Indeed, it would be a colossal blunder to attempt doing things right the first time, every time. In todays light speed economy, (“new” economy and “old” economy) if you don’t fall on your face both regularly and painfully, you are likely to end up dead instead. The only people not making mistakes are ones playing their game without risk and without novelty – and I mig…
Customer Advisory Boards
Customer Advisory Boards are a great source of information about your market and your business. Their advice is more valuable than any management consultant’s. They provide real world counsel on what you are doing right, what you are doing wrong, and most important -how to stay competitive. After all, they’re the customer. They’re the one’s who buy your stuff. Here’s how to use your Customer Advisory Board for best results.
1. Make it win-win.
As much as they might like …
Equity: The Golden Handcuffs
Last month, I wrote about positioning your company to attract and keep top performers. One very effective way to do both is to compensate your key employees with equity.
Performance pay has become a critical factor in keeping top talent; combine it with a sense of ownership and a stake in the future of the business, and you’ve got a powerful set of incentives.
That is what equity does. The basic theory behind equity compensation is simple: generously pay your people in …
Executive Career Coaching: Providing Solutions To Succession Planning Challenges
Organizations today are facing several challenges and talent management is one of the greatest. According to a poll conducted by OI Partners, Inc., the number one challenge facing the HR profession is leadership development and succession planning. Attracting, developing, and retaining quality talent is more costly and has a greater impact on the bottom-line than ever before. Retiring baby-boomers, the expectations of Gen X and Gen Y employees, and the new definition of long…
Ten Entrepreneurial Mistakes
It’s hard to avoid certain mistakes, especially when you face a situation for the first time. In fact, many of the following mistakes are hard to avoid even if you’re an old hand. Of course, these are not the only mistakes CEOs make, but they sure are common enough. Take the following self assessment: give yourself ten points for each of these entrepreneurial blunders you are in the process of making. Deduct five points for those you have narrowly avoided. Your score, of cour…
Kiss the Ring: Hierarchy Matters (Its not what you think)
Someone once asked a Washington insider how to deal with important people whom you cant stand. His reply? You put on your respectful face and you dont blink. This strategy is known in business circles as kissing the ring.