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It is amazing that certain companies do not hold their personnel accountable for their work. They ignore that responsibility and accountability are necessary for a successful business.  It is puzzling why this is happening.  Companies try to solve this dilemma by redefining responsibilities. They do this by reorganizing what people do and restructuring the way …

Responsibility and Accountability Necessary for a Successful Business Read More »

Attracting and retaining the top talent is an important priority for companies.  In that regard, employee incentive programs are a popular strategy. While incentive programs can be incredibly effective, if they are not devised and employed properly, they can do more harm than good to the company. That is why poorly constructed plans make business …

Incentives: Poorly constructed plans make business fail Read More »

In the early 1990s, a study was conducted by Ken Preiss, Steve Goldman, and Dr. Roger Nagel. They determined what high-performing companies were doing. This enabled them to be leaders in their industries. And it allowed them to stand head and shoulders above their competition. They found four characteristics shared by successful companies, which they …

Agility: Adaptability in a Changing Age Read More »

We are human and sometimes will make mistakes and bad decisions. But, it is a shortcoming to make mistakes or wrong decisions and not correct the resultant problem. This could lead to business failures. Even worse is to repeat the same mistake over and over again. Is your business failing because of this? Or, is …

Making Very Bad Decisions: Is Your Business Failing Because of This? Read More »

Have you ever had this experience? Someone with little or no knowledge asks you for information. You, being somewhat of an expert, relate a lot of information. You finish. The person then tells you that they already knew everything you told them. So, you didn’t tell them anything they didn’t already know. This attitude of …

Correctness: A Key Reason Businesses Fail Read More »

Trusting relationships are vital to the conduct of business.  This is the employment of best business practices. The level of trust between people is a greater determinant of success than anything else. How we handle this is the employment of best business practices. In a previous blog on Change, I wrote about “Agility”. This was …

Trust: Employment of best business practices Read More »

Successful companies and their executives are not always honest about their intentions. They are telling us that “We don’t really believe in what we say”. I have dealt with many who swore that they were trying to improve their business. I guess I was too naive.  When they told me they could change I believed …

Honesty: We don’t really believe in what we say Read More »

Companies know they need to change. This may be because things are not working well or competition is nipping at their heels. They need to take the next step forward and do things a bit or a lot more differently than they are today. At the same time they must balance change with a key …

Change: What are Your Organizational Values? Read More »

Making a commitment involves dedicating yourself to something. This is one of your most important company values. Making a commitment obligates another that person to do something, as well. Many companies contract consulting firms. Many companies talk about their important company values. The consultants lean on these and, through rigorous studies, reviews, and establish plans …

Commitment: An important company value. Read More »

Sometimes, it is difficult to work with certain companies that are struggling with issues.  After discovering their problems and developing recommendations, they say, “You haven’t told us anything we didn’t know already.” This lack of honesty is one of the key reasons businesses fail. When a company leader says this, what he is telling me …

Key Reasons Businesses Fail Read More »