What You Need to Know Before You Reorganize Your Organization
Note:This article contains 1591 words and 1 image, with an estimated read time of 6 minutes.
There’s every possibility that you’ve experienced at least one reorganization in your career at some point. Reorganizations are usually an excellent way to unlock value and stay in tune with the constant change in the business environment. Reorganization is an effective way to improve performance and keep up with the incredible pace of change in the business world. It is often undertaken to boost innovation and ultimately financial performance. Companies often undergo reorganization to curtail inertia or routines that may progressively undermine growth. However, the truth is that most reorganizations are not entirely successful. A survey carried out by McKinsey revealed that more than 80% of reorganizations fail to deliver the value promised. Furthermore, an estimated 10% cause severe damage to the company and they could also be a miserable experience for employees.
Research suggests that... read more ❯
[VIDEO] Julia Zarina on Followership
Julia Zarina - Understanding followership really allows people to, not fit in, in the weak kinda sense of this word, but fit in, in a sense that you feel supported, you feel like you're a part of the team. And you feel like everybody can see what you're doing and can come around and support you or give you more resources or promote you or whatever your goals are.
Christopher Lawrence - Hi internet, it's me, Christopher Lawrence and I'm here with my friend, Julia Zarina. And Julia is knowledgeable on this subject of followership.
Julia - Okay. (laughs)
Christopher - So Julia, what is followership?
Julia - So followership is all about playing that complementary role to your leader instead of trying to do either the same thing that they're trying to do or even competing with them or doing something that will harm them in any way or the teamwork or the... read more ❯
What does it mean to “Manage Up” and Should You?
Note:This article contains 1584 words and 1 image, with an estimated read time of 6 minutes.
You’ve probably heard the expression: people don’t quit jobs, but they quit managers and that’s a basic fact. For most people, the major component of job satisfaction is not the office layout or resource tools. When you think about it even further, it’s not even about bonuses, benefits or workload, but instead it is more about the relationship they have with their manager. Interestingly, according to a study, conducted by psychologist Michelle McQuaid, the author of Five Reasons to Tell Your ManagerTo Go F**k Themselves, revealed that more than 65% of workers surveyed would choose a new manager over a pay raise. In her research she’s found that employees who dislike their managers take an average of 15 more sick days per year than other workers. More than that, they even slow down on the job, don’t... read more ❯
Quick Tip to Increase Revenue
Note:This article contains 894 words and 1 image, with an estimated read time of 3 minutes.
There’s a lot of emphasis on making sales, increasing revenue in the business world. However, a crucial aspect (and arguably more important) key to business success is retaining your clients. Granted, new customers are key to the success and growth of your business. But smart business owners realize the importance of retaining existing clients as they offer huge potential for continuous revenue.
According to the Harvard Business Review, selling to a new client costs on an average 25 times more than to an existing client. It’s more expensive to acquire new clients than it is to keep an existing one. In fact, long-term customers provide more value than a single-deal client. Keeping customers for the long haul provides a solid foundation of revenue that has created incredible wealth for businesses.
Existing customers have already done business with... read more ❯
Are You Successful at Recruiting but Not at Retention?
Note:This article contains 1,875 words and 1 image, with an estimated read time of 8 minutes.
Most savvy business owners and leaders alike understand the importance of finding and retaining top employees especially when it comes to business success. This is specifically true for small businesses with limited budgets competing with larger corporations for top talent. It’s not just enough to recruit top talent, it’s critical and more cost-effective to retain those top performers for years to come.
Companies that replace employees as fast as they recruit them often have to contend with fluctuating productivity levels and that could culminate in reduced revenue. The demand for companies to retain top talent is intensifying and is often one of the most important issues leadership contends with globally. Employee retention is becoming increasingly challenging. According to data from the U.S. Bureau of Labor Statistics; the average worker’s tenure on average is about 4.4 years.... read more ❯
Move from being “Busy” to being Productive
Note:This article contains 1,134 words and 1 image, with an estimated read time of 5 minutes.
Productivity is never an accident. It is always the result of a commitment to excellence, intelligent planning, and focused effort.” -–Paul J. Meyer.
Right from the early 1970s, productivity (generally referred to as the total amount of output per hour worked) has been consistently increasing in North America. According to the Economic Policy Institute, between the years 1973 and 2011 there has been an amazing 80 percent increase in the productivity of the American worker. This rise in productivity has been a direct result of implementing new tools to bolster our efficiency and focus. However, while it’s obvious that the average level of productivity for American workers has improved significantly, top CEOs, business owners, entrepreneurs are still looking for ways to increase their productivity. So what practices and strategies do highly successful people incorporate into their... read more ❯
Little Things That Make A Big Difference
Happy New Year everyone!
As we start off a New Year, I think most of us take the time to ponder and envision the things that are important to us. Some call them resolutions, or goals, or plans – whatever resonates for you – but they are all about what and where we want to put our focus and precious energy this year.
Recently, I was in the company of a group of amazing ladies as we discussed life, what works, what doesn’t and what makes us feel better and how to make that happen going forward!
We all had common complaints: lack of sleep, waking up in the night and trying to solve all of our challenges – real and perceived (and realizing the list is very long!); wanting everyone in our lives to be well and thriving, and the lengths we will go to try to make that happen, sometimes to... read more ❯
Why Your Employees will Never Trust you
Have you ever felt that your employees do not trust you? Well, you’re definitely not alone. Feelings of trust towards managers, team leaders, CEOs have fallen in recent years. Edelman Trust Barometer statistics revealed that average trust in organizations is at an all-time low of 52 percent. The issue of trust in the workplace and organizations has been attracting a lot of attention lately as there seem to be no imminent changes in the statistics. Another piece of research found out that one-fifth (20%) of employees do not trust their management and senior leaders. It’s therefore imperative to examine some factors that can cause distrust in the workplace. As an employer trust is a crucial part of your business as it can have a significant on business growth. Trust is especially important in business; it affects employee productivity and retention.
A study conducted by the Chartered Management Institute and leadership events... read more ❯
Is Fear the Most Powerful Motivator?
Note: This article contains 1,240 words and 1 image, with an estimated read time of 5 minutes.
Fear is an emotion induced by a perceived threat; it arises from the ability to recognize a risk of significant loss of wealth, health, power, status, security or anything of value leading to an urge to either flee from it or confront it. Fear has always been a very powerful emotion since the evolution of mankind and has been very crucial in the survival of the human race. It has saved us from predators, disasters and has kept us alive. It’s a primal instinct that served us as cave dwellers and today.
There is nothing that makes us more uncomfortable than fear, and there are so many of them from fear of failure, disease, missing an opportunity, being conned and a lot more. Our best experiences are borne out of fear. Think about the happiest, growth-oriented... read more ❯
5 Common Business Problems Every Business Owner Faces
Note: This article contains 1,453 words and 1 image, with an estimated read time of 6 minutes.
In my role as a business coach, I sometimes meet with well-educated and intelligent people who run businesses but are not very adept at solving problems. Many people start businesses only to find out that it’s quite challenging to solve business problems. As a business owner, you probably believe you should be able to solve all your business problems, but that is not often the case. That’s why it is important to know when you need the expertise and support of others and where and how to get it. This is where business coaching comes in.
Business coaches provide the help needed to solve some common problems in business, giving you the opportunity to focus on other important aspect of the business. Most times the underlying problem is that you are too close to the situation,... read more ❯