“A toxic corporate culture is by far the strongest predictor of industry-adjusted attrition and is 10 times more important than compensation in predicting turnover …. Toxic cultures include … workers feeling disrespected and unethical behavior.” Ensure your corporate culture is not toxic.
What are the traits of effective leaders?
Effective leaders recognize that challenging paradigms and thinking “out of the box” are crucial for achieving breakthrough results and building competitive advantage. Employees who challenge paradigms are your change agents. Listen to them.
Peloton’s new CEO wants employees to get out of their comfort zones. Here’s why that’s so important.
“Your comfort zone is your own worst enemy … If the thing you’re doing appears to be working, your natural inclination is to do more of it … When you’re comfortable, you have no motivation to look around and think about what might need to change.”
Entrepreneurial traits and mindset are valuable differentiators to employers
In real time, entrepreneurship students hire employees, attract investors, sell to customers, execute business strategies, learn how to de-risk their decisions and manage a P&L statement. These are valuable skills whether one starts a business, works for a startup or works for an established company.
What was the board thinking reinstating CEO of Better.com?
Can a CEO who was asked to step down by the board due to their toxic leadership traits ever return to that position and be successful? Can trust and confidence in their leadership be established? Can talented and experienced people be recruited?
7 questions to address during new product development
A question every new product development team must ask is, “Why will customers want to buy our new product?” Addressing this and the questions outlined in this article will raise the probability of a new product’s success.
No, Mr. Shkreli, price-gouging customers is not taught in MBA class
Business schools that teach to maximize shareholder value but don’t emphasize the importance of ethics, integrity and the need to be a good corporate citizen are shortchanging their students and the companies they will work for.
Reflecting on lessons learned from the Challenger disaster 36 years later
In the words of renowned Brazilian novelist, Paulo Coelho, “If you want to be successful, you must respect one rule: Never lie to yourself.” Leaders, remember to listen to your experts, establish a challenge culture and value the lone wolf within your organization.
The downfall of Theranos shows ‘you can’t fake it until you make it’
After the Elizabeth Holmes guilty verdict, venture capitalist Greg Gretsch, tweeted, “Ambition, drive, vision and optimism are all a part of the Silicon Valley ethos. Outright lies and deceit are not. Fraud is fraud.”
Lawmakers must avoid conflicts of interest
Why don’t all lawmakers hold themselves to the same conflict of interest standard as decision makers in corporate America?
Who should have sales responsibility when two business units sell to the same customer?
How should a company in multiple lines of business sell to the same customer? Should the business units use their own sales executives, or have a single sales executive represent all of the company’s products?
Better.com CEO Vishal Garg’s ‘demoralizing’ treatment of employees was unacceptable
Quoting Sir Richard Branson: “Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients.” Garg did not understand this principle. CEOs need to treat employees with dignity and respect.