What is a fundamental difference between successful people and very successful people? Hint: It is the same difference between people who make a few mistakes and those who make many mistakes. Answer: Their willingness to take action. People’s successes as well as their failures are often rooted in a “let’s do it” mentality. People who […]
Operational Excellence
The corporate mantra for the last few years has been “do more with less” with the idea being that people need to be more productive and get more accomplished with fewer resources. How has this worked out? The United States Department of Labor reports that non-farm business-sector productivity rose 0.4% annually on average from 2007 to
Are you quick or slow to take action? Consider there are two types of people in the world. There are those who are bold and action oriented. Then there are those who are reserved and measured. The former are quick to decide often preferring to leave the implementation details up to chance, or leave them up
Regardless of a company’s product, service, market, or industry, there is competition. For most companies, competition is fierce and intensifying. Adding to the threats from rival competitors are ever more demanding customers. Customers armed with multiple supplier options continue to ask for more. They want more services, features, and attractive terms, yet often don’t want
Should you or your colleagues at work understand profit even if you aren’t measured on it? Should employees at all levels care about your organization’s profitability? Does having an understanding of finances help employees make the right decisions? Of course the answers are “yes”. Ensuring financial profitability is everyone’s responsibility. The organization you work for