4 Things You Need to Know
One email a week.
A business doesn’t really thrive unless its employees do, too. Mind the needs of your people and watch your business soar.
Mission defines strategy, which defines structure. Revisit your plan frequently and make yourself accountable to a trusted colleague.
Making strategy work is harder than making strategy. Be a student of process improvement and continue to plan, act, and adapt.
Cash, the lifeblood of any business, gives you better buying power, more flexibility, a way to keep up with debt, and a way to grow.
Recent Weekly Digests
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- September 24, 2016
1) PeopleIs your business suffering from an energy crisis? Relational energy — the energy we “catch” through interactions with other people — can impact staff productivity, performance, and morale. We’ve all witnessed the effects: Those with positive vibes inspire and lift spirits while de-energizers bring the whole team down. Boost the vitality in your office with these four actions. by Wayne Baker on Harvard Business Review
2) StrategyGrowth, technology, globalization, retirement. These elements, and others, are creating leadership shortages. As companies scramble to put acceleration plans in place, most will fail due to lack of focus. Want to make sure you’ve got a plan that works? To get started, align your leadership team around these five steps. by Matt Paese on Chief Learning Officer
3) ExecutionMany business owners equate IT support with network security. But just because someone is managing your infrastructure doesn’t mean your network is secure. Exactly how much protection does basic network management provide? And what can you do to raise your defenses against a cyber-attack? Find out. by Heinan Landa on The Business Journals
4) CashJamere Jackson, CFO of Nielsen Holdings plc, knows what it takes to build a finance team capable of generating growth. His vision requires a staff that can act beyond typical finance duties and offer ideas, strategy, execution, and tactics that will lead to growth. Take a peek inside the mind of a finance master. by Deloitte Insights on The Wall Street Journal
- September 17, 2016
1) PeopleThe formula for a successful diversity initiative seems simple enough: Roll up a dedicated diversity team, then add a heavy dose of leadership commitment, targeted programs, data, and accountability. But simple it’s not: Minority employees still aren’t making it to leadership levels. Fortunately, companies like Intel are sharing what they’ve learned. Here’s what you need to know. by Peter Gomez and Susan Medina on Workforce
2) StrategyAt any given moment, 5-7% of companies are in or headed for a tailspin. Of these, only 10-15% will pull themselves out. Could you pull your company out of a free fall? Properly handled, a tailspin can create opportunities for growth. But be prepared to take vigorous action: You’ll need to shake up your leadership team, rattle the core of your business, and roll in some new capabilities. by Chris Zook on Harvard Business Review
3) ExecutionTo build instant rapport with customers, share a relatable story. Sounds easy, but finding the right narrative can be daunting. Typical ways to connect: Share the passion behind what you do or explain what sets your company apart from the competition. But what really works to build trust in a sales situation? Explore these seven stories every salesperson should share. by Paul Smith on American Management Association
4) CashAccording to a recent survey, proactive data analytics detect only 3 percent of frauds. Shocked? We were, too, because using technology to spot and prevent fraud seems like a no-brainer. But you can do much more, like conduct annual fraud risk assessments. Don’t wait for suspicious employee behavior to tip you off; follow these four fraud-stopping steps to safeguard your business. by Phil Ostwalt on Financial Executives International
- September 10, 2016
1) PeopleFailing to recognize the toxicity of a potential employee during interviews could cost your business up to $50K. Want to scratch the veneer on a candidate’s presentation? Pose probing questions, listen for a sense of humor, and keep an eye out for signs of narcissism and arrogance. These pointed tips will help your HR team safeguard against harmful hires. by Dianna Booher on The Huffington Post
2) StrategyLet’s get together: Earn your customers’ trust and engagement by building a strong online community. All you have to do is DREAMS! Created by a French ride-share company, these six pillars can be used to construct virtual communities based on authentic, transparent interactions between members. Follow your DREAMS and put this clever strategy to use. by Shellie Karabell on strategy+business
3) ExecutionTo raise your company’s social media game, don’t limit the data fun to marketing. A recent study shows that providing access to social media data (consumer preferences, sentiment, and feedback) to all orgs in your company — and letting them build that information into strategies — can improve your ROI. For juicy details, watch this video or listen to the podcast. by Lynn Wu on Knowledge@Wharton
4) CashIn an ever-changing economy, business leaders rely on finance partners to keep them abreast of the latest data. But getting the information you need in a timely manner is tough when enterprise systems aren’t integrated and you’re expending vital resources to manually manage processes. Check out this slideshow for insight into finance leaders’ thoughts on working in a digital economy. by Kerry Maruna on CFO