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March 31, 2018

1) People

Fixing Poor Engagement Starts with Understanding its Cause

If employee morale and performance are waning, send your HR department straight to the source—your employees—to find out why. Start by sending out an anonymous survey and holding focus groups where you can have direct conversations with a broad range of workers. Ask how people feel about leadership, career development opportunities, company pride, and working relationships. Then assemble larger town hall meetings to publicly clarify any issues the surveys and groups uncover. Be prepared to act on what you hear.
by Mark Feffer on SHRM

2) Strategy

The Next Generation Board Room

Want to better engage your board members and give them a chance to “live” in your company’s world? Try granting them access to real-time data. Josh James, CEO and founder of Domo, a Utah-based software company, did so when he realized directors were spending too much board meeting time reviewing data versus planning for growth. Ultimately, James found that providing a consistent feed of real-time data made it easier for board members to ask questions, offer guidance, and have a meaningful impact on the business.
by Josh James and Glenn Solomon on CEO

3) Execution

Here’s Which Social Network Has the Best Community for Your Business in 2018

Wondering which social networks offer the best bang for small businesses? While the nine platforms on this list may not surprise you—usual suspects Facebook, Instagram, Twitter, and LinkedIn are among them—the reasons they rank just might. For example, did you know that 50 million small businesses use Facebook to connect with customers? Or that your best bet for reaching students or graduates is LinkedIn, which boasts more than 39 million student members? Or that 59% of Internet users between 18 and 29 use Instagram?
by Warren Knight on Business 2 Community

4) Cash

Take It or Leave It: How the New Tax Plan Impacts Small Businesses

Tax season is in full swing and you’re probably wondering how the Tax Cuts and Jobs Act will affect your business’s bottom line. Here’s what to watch out for if you’re a small business owner: 1) Average tax rates will go down for businesses that are structured as C corporations and have taxable incomes that are more than ~$90,000. 2) The new pass-through deduction should provide tax savings for many non-corporate taxpayers. 3) For taxpayers purchasing new equipment, the new bonus depreciation rules should provide tax savings and cash flow benefits.
by Brock Blake on Forbes

Leadership Insights

Extra: Jack Welch Full Interview

Jack Welch worked his way up the ladder at General Electric to become a legendary CEO, taking the leader’s seat as globalization began changing business worldwide. The author of several books and now the executive chair of the Jack Welch Management Institute, an online M.B.A. program for working adults, Welch began as a chemical engineer; on this podcast he discusses his leadership philosophy of “radical candor,” developing a team of smart winning people, and working as a family, as well as the explosion that changed his leadership style forever.
by Stephen J. Dubner on Freakonomics