Significant others are, in effect, Secret Business Partners. They can act as sounding boards. They can ask questions others may be too afraid to ask–ones that often begin with “Why?” They can also use their knowledge of their partner’s strengths, failings, and personal history to add context and make judgments. Significant others can even have the last word on key business decisions–particularly when it would mean more work or responsibilities (and time away from home) for the executive.
Category: Leading Organizations
Jobs at risk for automation An Oxford University study conducted by Carl Benedikt Frey and Michael A. Osborne suggests that 47 percent of US jobs are at high risk due to computerization; they could be replaced in the next decade or two. This study was based on a detailed study of 702 occupations, and […]
“A strategy is a plan that creates sustainable competitive advantage and allows an organization to perform over time, even in the face of a changing environment.” – Jimmy Brown Your strategic plan should do all three things Brown suggests: 1. Create a sustainable competitive advantage; 2. Allow you to perform over time with confidence; and […]
As an entrepreneur, you can involve yourself in just about any decision when the company is in its early stage. As the company grows, however, it it becomes harder stay on top of every issue. You do your best to prioritize and manage your involvement, but at a certain point you feel overwhelmed–like you’re drinking […]
Each business is susceptible to many hazards, toxins, and contaminates. These threats may come in the form of legislation, litigation, regulations, competition, supplier dependability, financing, etc. What threats are you particularly vulnerable to? Have you discovered a telltale sign that can provide you early warning before one of these threats kills your organization?
Educational Rubrics Educational institutions have long struggled with performance evaluation of employees. They have succeeded, however, with developing some useful rubrics to evaluate the performance of students. Rubrics provide a vertical set of performance criteria against horizontal measures of effectiveness. They tend to work best when the evaluation is complex and somewhat subjective–when students may […]
Today I believe a Mission Statements should optimally be 8 to 10 words in length. I did not always believe this to be true, as you will see from the example below from my first company. Today, I would call this a statement of belief, rather than a mission statement. Our Mission Statement was captured […]
If you want to break a dollar without giving change, you will have to rip it in pieces. If you do that, you will need to find someone willing to accept your new form of currency. And if they accept it, they will have to persuade someone else to accept the ripped pieces of the […]
As CEO, you should interview as many of the people joining your organization as possible. As the organization grows, you will have to be more selective–interviewing only those who will have the greatest impact on the business. But you shouldn’t stop interviewing. Interviewing is one of the greatest tools you have to influence the culture […]
A study by Erik Altmann, associate professor of psychology, found that brief interruptions doubled the error rate for participants performing a difficult sequential task. The research was done at the University of Michigan on behalf of the US Navy, and it has widespread implications. “So why did the error rate go up?” Altmann said. “The […]
The starting point in most of my coaching is teaching leaders how to lean back. They need to erase their whiteboards to make white space in their lives to tackle the really big things I have been hired to help them achieve. Without this white space, they don’t have enough mental or physical room to […]
Exit and Succession planning are big topics on our Tuesday show with Tom Siders and Jeff Johnson. Gary Cohen and Rick Diamond from CO2 Partners Join Jeff Johnson on The Business Forum Show. Have you ever heard the amazing story behind ACI Telecentrics, Inc and its founding partners, Rick and Gary? What was there […]
When doing a strategic plan, you may be faced with mountains of data. How you use the data from many different surveys is critical to the outcome of your strategic plan. You will have to sort what is relevant from what is irrelevant. Many of you may already have your eyes glazing over just from […]
In order to help clients understand what a mission statement is and how to create one, CO2 Partners has put together this Mission Statement Video. The mission statement is our statement of purpose. It describes why we exist as an organization. It tells us what we exist to do and what we will not do. […]
A dear friend of mine came over a few months ago for a glass of wine and asked me, “What’s the half-life of a strategic plan?” She’d just completed one with her team. Everyone voted to implement it immediately, and yet one executive began to stray from it within a couple of days! “Half-life” […]