Organizations that make the acquisition and retention of top talent a key business imperative outperform their competition, consistently and at a considerable margin irrespective of industry or profession.
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A recent visit to a highly successful client company reminds me of an important but often overlooked element of business success: The impression your work environment makes on visitors!
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While there is much to learn from Charlie Munger’s approach to business (and to life in general) one thought stands out: Focus on what is working best.
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Resources, time and attention are constantly pulled from one “priority” to the next, leaving a trail of incomplete targets and frustrated team members. There’s a better way: the power of focusing on one priority at a time.
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When engaging in strategy and planning, the focus is on the future, as it should be. Savvy planners know that a great place to start is by looking at the recent past and separating what is working from what is not.
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When forming your organization’s strategy and plan, it is quite natural for the flow to go from objectives to strategy to tactics. However, it is also possible to invert this process. That is, building a strategy from a tactic.
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In preparing to create and/or update your strategic plan, a good place to start is with one of the five key Planning Objective Categories: Strategic Growth.
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Irrespective of the size of your business, strategy and planning are essential elements of your corporate growth plan. As your business advances, it will move through three levels of organizational growth.
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Of all the patterns I’ve seen in my work with organizational leaders it is the enduring frustration they feel in trying to identify and deal effectively with internal conflict that rises to the top of the list.
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Consider a competent senior manager who confronts a problem. The CEO learns of this issue and steps in with the answer/solution. Problem solved and time to move on. But what just happened here?
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