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The bottom line is this; I view one of the primary obligations of venture capital and private equity firms to be to drive collaboration and innovation across their portfolio companies. The moral of this story is don’t get so hung-up on valuation that you fail to get the in the trenches expertise your company will need in future.
She’s tried everything: more recognition, contests, she even came in dressed as a superhero to try to get the team riled up. Each of these stunts worked for a day or so, but then the results returned to their normal mediocre state and the stress levels creeped right back up. You Don’t Fully Understand It.
Due to poor service and escalating fees from large banks, clients are now looking for alternatives to big banking and thus the rise in FX houses, private financing and the fast growing phenomenon of crowd-funding. GLOBAL CONSULTING & DISRUPTIVE INNOVATION.
In fact, deep lessons can be taught from aviation for most industries and companies who want to operate efficiently and effectively across organizational silos — those insidious barriers that wreak havoc on a company’s efficiency, collaboration, and, ultimately, its bottom line. logistics, and finance. finance, I.T.,
In 1976, Harvard finance professor Michael Jensen and Dean William Meekling of the Simon School of Business at the University of Rochester published a paper entitled Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure [ PDF ]. THE STORY BEGINS.
They were the born leaders we all grew up with. I meant this post to be more of a thinking exercise than a choosing-up sides and fighting till the bitter end drill. They were your class presidents, team captains, club leaders, and the people who held virtually all the available leadership positions you can imagine early in life.
Bottom line…personal responsibility and accountability have always been the ultimate leadership “hot potato&# in that everyone wants to be in charge, but few are willing to take ownership of the never-ending obligations that go along with the privilege of leadership. What say you??? 2 Tweets Who’s In Charge?
Tenure Kills Brands : As an organization expands and continues to promote mediocre talent up through the ranks, you’ll notice that growth will eventually slow, quality and customer service suffer, and eventually these negative attributes will be reflected in declining brand equity. Thanks Jason. Mark Oakes Great post, Mike!
The achievement of current goals and objectives free up the time & create the resources to move on to bigger and better things…Trying to do too many things at once will impede progress, dilute effort & energy, add to chaos and lead to burn-out. Bottom line…success equals focus. I Think Not.
Bottom line…if you have high employee turnover (see “ Cutting Employee Churn “), a fractured corporate culture, a lack of leadership development and mentoring programs, regressive compensation programs, and a lack of C-level focus on talent then talent cannot be your biggest asset. I Think Not.
It’s also important to understand that a toxic culture cannot exist if toxic people are not allowed to take up residence. Bottom line - toxic individuals kill productivity, and if allowed to run unchecked can have a much broader and deeper impact on an organization than one might think. I Think Not.
Bottom line…Just because a business has a particular advantage doesn’t mean that it can disregard sound business logic. Thanks again for the comment Mark. I Think Not. Whos Reading N2growth Twitter Updates mikemyatt: Poor work requries a lot of explanation beca. mikemyatt: RT thx @ArtieDavis @MarkOOakes @words4warrio.
Lost Ancillary Revenue : On average, a single account is good for a 30 -40% cross-sell and up-sell revenue increase over time as new products, services, joint ventures etc. Over a 10 year period of time, assuming only 2 annual referrals, without any cross-sell or up-sell value being added-in, you just lost another $200,000 dollars.
As I’ve said many times before, things don’t always have to boil down to either/or types of decisions – not everything must end-up on the altar of sacrificial decisioning. Bottom line…check your motivations. With the proper perspective and focus it is quite possible to be both efficient and effective. Effective (N2Growth) [.]
Indeed, executives often see themselves as industry or functional domain expertswhether in tech, health sciences, finance, or as an engineer, designer, or head of operations. The bottom line: exercise is an important practice for effective leadership. They Eat Right Dont forget about nutrition.
As the old saying goes “you only get one chance to make a first impression,&# and often times it is the perception of appearance that determines whether or not you are even afforded the opportunity to get up to bat. The truth is most people when first meeting someone will quickly attempt to size them up. Clogston Hi, Mike.
No is not all it’s cracked-up to be…Still don’t believe me? It means your vision is not understood, your team is not aligned and your talent is not performing up to par. Bottom line…Yes is not a sign of weakness – it’s a sign of intelligent leadership. It is you who have made assumptions.
That said, I have little use for social networking junkies who collect friends/followers/contacts just for the sake of watching the numbers go up, while adding little or no value to their network. We have all been the victim of somebody's saved up tweets-all blasting out at one time. And then the cynic in me emerges.
How many times have you put up with, or overlooked certain weaknesses in people because of their considerable strengths in other areas? The sad thing is they don’t just exist on the golf course… My bottom line is this…real leaders don’t accept mediocrity - they constantly seek improvement. Know the type?
Bottom line…the way you identify leaders is not through psychological profiling or some miraculous transformative process. They're the ones on behalf of the team who step up and do a faceplant with an oncoming tomato. You bring up some great points about leadership and responsibility. angelabisignano Good post Mike!
By automating the actual accounting processes, it frees up the accounting team to focus on qualitative problems instead of quantitative ones. Your software allows your prospect to be more creative with its finances. That, in turn, will allow it to become more productive – which results in a better bottom line.
Bottom line…Don’t manipulate for personal gain, rather facilitate for mutual benefit. It's sad that many potential leaders look past this and end up frustrated when they can't get people to act, little do they know they haven't developed trust. Thanks for stopping by David. link] Charles Hey Mike, you hit it right on.
Bottom line…I’m in awe of those who have mastered the art of brevity, and after looking back at this post I must admit that I still have some work to do… Share and Enjoy: View Comments Anand Very nice article to mention about the brevity – Don't beat around the bush, come to the point. I Think Not.
Bottom line…unproven leaders come with a high risk premium. Bottom line – leaders who build a static business doom themselves to failure. Someone who has consistently experienced success in leadership roles has a much better chance of success than someone who has not. I Think Not.
Bottom-Line… [link] Dr Sarah Morris Great post! Ramzi I think arrogance is a sign of lack of self esteem. Often I find my executive coaching clients shy away from confidence because they fear that it equates to arrogance – and, understandably, don't want to be seen in that way! I Think Not.
The bottom line in regard to today’s thoughts on business modeling can be summed up in the following three points: 1.) if you cannot define your business model, then you likely don’t have one. if you don’t have one, create one, and; 3.) I Think Not. mikemyatt: RT thx @ArtieDavis @MarkOOakes @words4warrio.
From my perspective, the issues surrounding conflict resolution can be best summed-up in three words…&# Deal With It. &# While you can try and avoid conflict (bad idea), you cannot escape conflict…The fact of the matter is that conflict in the workplace is unavoidable. Keep it up. Thanks for sharing Elliot.
The bottom line is that I really like him, I just wished he had more new material to share. Leaders get too caught up in trivial things and don’t pay enough attention to leadership development. Up next was Calos Brito, CEO of Anheuser-Busch InBev. Joseph Grenny was up next talking about influence and leadership.
My advice to you is not to let your business get caught up in embracing random ideas – at least not without some initial analysis being conducted to determine the likelihood of success. Contingency : Nothing is without risk, and when you think something is without risk, that is when you’re most likely to end-up in trouble.
You should know from the outset that I fundamentally disagree with the concept of CEO term limits, and quite frankly I cannot really come up with a valid reason for supporting such a regressive concept. Then follow-up your great hiring decision by providing the CEO with the tools and resources necessary to get the job done.
While many people immediately conjure-up an image of the ever so tough, bombastic extrovert without an ounce of compassion as the picture of what constitutes a real leader, nothing could be further from the truth. Of the legions of not so great leaders you’ve encountered over the years, how many of them were absent of these qualities?
Usually sponsors have more senior positions than mentors, and it is their responsibility to advocate for an individual and pull them up the ranks to a top level position in the company. Here’s the bottom line: you need to take control of your career. Mentoring is defined as career advice and guidance and sponsorship is advocacy.
Pricing impacts everything from strategy and tactics, to finance, to branding, to marketing and sales, to vendor selection and supply chain management, to recruiting and compensation, and to customer satisfaction and loyalty. As mission critical as pricing is, it is also one of the most often undervalued and overlooked business disciplines.
Monitor Your Finances Overall. There’s no harm in monitoring your finances overall as a business. Don’t allow your finances to become something you push to the bottom of the to-do list because they matter more than most things. Ensure Your Finance Team Aren’t Overwhelmed.
Bottom line…While I can appreciate eloquent and detailed word pictures, they are not always needed. In fact, look no further than the current business innovations to seek validation for my assertions. I Think Not. Whos Reading N2growth Twitter Updates mikemyatt: Poor work requries a lot of explanation beca.
If conflict does flare up, you will likely minimize its severity by dealing with it quickly. Bottom line…If you can’t avoid the crazies there is still hope…I sincerely believe productive working relationships can be formed with even the most difficult people where there is a sincere desire/need to do so. I Think Not.
I believe that it can actually be both, but that decision lies solely with the employer, and is not really up to the employee no matter how much they might feel it is. Is a year-end bonus a right of entitlement or a privilege to be earned? The structures of corporate bonuses are as varied as there are numbers of entities. Happy Holidays.
Managing personal finances is one of the critical tasks that every adult must consider. However, it is noteworthy that personal finance management is not the same for everyone. Particularly, when it comes to managing finances in the present, for the future. So, how do you manage your personal finances when you’re retired?
So now you’ve cut costs and freed up some cash. Half of that cost savings went to the consumer – the other half went to our bottom line. Nabob Coffee’s market share accelerated to 25% and national leadership as arch rival Maxwell House worked to catch up. That’s far from the end of it. And guess what? Leave a Reply Cancel reply.
The bottom line is this…Bleeding is not a healthy thing. Current or anticipated changes in market conditions that will adversely impact your business model. Obsolescence of intellectual property, products, services, solutions, or competitive value propositions. I Think Not. mikemyatt: RT thx @ArtieDavis @MarkOOakes @words4warrio.
Bottom line – If you’re a leader then you need to watch this interview. Thanks for stopping by Scott. I Think Not. Whos Reading N2growth Twitter Updates mikemyatt: Poor work requries a lot of explanation beca. mikemyatt: RT thx @ArtieDavis @MarkOOakes @words4warrio. mikemyatt: RT @janemyatt Their sacrifice.
Bottom line…don’t be the CEO who causes your management team to continually say “the boss won’t go for that one.&# Keep up the good work Mark [link] mikemyatt Brilliant commentary Mark. If you lead from the front by inspiring change, innovation, and disruption your business will surely prosper. I Think Not.
After all, women have traditionally been seen as the mainstay volunteer core for many charities, so it makes sense that while many may not have the free time to give to causes, perhaps they are making up for it with funding. Because as is the case so often – it’s all about the power of the bottom line. What do you think?
The answer is that you’ll have reached the point where your interactions with others consistently use the following 10 principles: Speak not with a forked tongue : In most cases people just won’t open up those they don’t trust. Open dialogs with those that confront you, challenge you, stretch you, and develop you.
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