Category: management
2 STEPS TO INCREASE PROFIT WHILE DEVELOPING FUTURE VALUE
What’s your end game? Business owners seldom have an answer to that
question—they usually lament about being too busy to even consider possibilities. It’s an undeniable fact that your game will end. Will you sell the business…turn it over to the next generation…or perform a daily grind until you die—leaving your family and the government...
LEADERSHIP STRATEGY: ACHIEVE WORLD CLASS. AND STAY THERE
Much can be learned from what it takes to elevate a male chorus to world
-class status and keep it there. The talent and the hard work of individual singers, although essential, will not suffice. Success demands the shaping of a “peak performance” *culture. The leader, along with personal talent, drive, and commitment, must move the group away...
HOW TO ENGAGE THE NEXT GENERATION IN A FAMILY BUSINESS
Handing over or inheriting control of a family business requires planning
...
YOUR PEOPLE NEED A COMMON UNDERSTANDING OF THE TERMS LEADERSHIP AND MANAGEMENT
Remember the original cardboard 3-D glasses, the ones with a red and a
blue lens? If you looked through the left lens, you’d see the movie surrounded by red squiggly lines. The right lens produced blue lines around the same image. When you looked through both lenses, the movie seemed to jump off the screen at you. Management and leadership are inseparable...
LEADERSHIP STRATEGY: AVOID BUILDING ON A SHAKEY FOUNDATION OF OUTDATED ATTITUDES AND HABITS
Innovative technologies and new management processes come and go, but
the principles of effective leadership have remained constant throughout the ages. That’s because they are founded on timeless truths regarding what goes on within and between people. Management science however continues to deliver a never ending stream of time saving and quality...
Eli Goldratt, a world-class physicist, used his scientific prowess to
study a failing manufacturing plant owned by his brother. Findings turned the business around and inspired Eli to write a best-selling book called The Goal where he introduced his “Theory of Key .Constraint.” Unfortunately, rigid organizational structures and chain...
10 STEPS TO SECURE THE ASSET VALUE OF A BUSINESS
Should the owners of small to midsize businesses be worried about the
...
LEADERSHIP STRATEGY: SURVIVE AND PROSPER IN A GLOBAL VILLAGE
Management science and technology have combined to produce a “mega change
” in stereo. Adaptations of digital technology allow us to: create, transmit, compute, store, and retrieve data in ways that have marginalized time and distance as barriers to entry. This revolution has catapulted us into Marshall McLuhan’s global village. We are...
FREDERICK TAYLOR’S CONTRIBUTION TO THE MANAGEMENT SCIENCES
Following the Civil War in America (1861-1965), industrialization went
rampant. Large factories started dotting the landscape where farms had stood before. Machines, the exciting new technology, were promising to make business owners wealthier than ever—if only they could ‘get those lazy and greedy front line workers to use those machines to their...
LEADERSHIP STRATEGY: ELIMINATE SUB-PAR PERFORMERS…SOONER THAN LATER
CEOs face many watershed moments when the value of an established partner
, major account, product, supplier, bank, or employee is questionable. IN my 35 years of coaching the CEOs of large and midsize businesses, I have witnessed a recurring and consistently costly hesitation to sever unproductive relationships—even when metrics and gut feelings...