Sustainability is challenging for most businesses because of several factors – competitors, the economy, and changes in the overall market landscape. A business that has been around for years may now find itself struggling to survive. An interesting article by Mark Perry of The American Enterprise Institute (AEI) analyzes the list of Fortune 500 companies … Read more
Elon Musk, CEO of Tesla, was quoted as saying “Patience is a virtue, and I’m learning patience. It’s a tough lesson.” In today’s fast-paced, ever-changing world, it is becoming increasingly difficult to be patient, but the better leaders know that to succeed, you must be patient in most cases. As an example, when introducing a … Read more
Leaders need to be objective but that is a difficult challenge when dealing with all the other demands and deadlines facing them daily. They may also be experiencing stress or even lack of sleep which affects their ability to think, and more importantly act objectively. The important thing for a leader to recognize is how … Read more
Negotiation is a skill that almost everyone uses in their daily lives. For leaders, negotiation is critical to move a business forward and achieve significant profit growth. Negotiations are not only with vendors and customers but also occur internally with employees, regarding promotions, raises, time off, and project assignments. What types of negotiators are there? … Read more
A leader’s mission is to direct and motivate an organization so it can achieve profitability. Although this seems like a simple statement the reality as we know is much more complicated. A leader needs to oversee a maze of issues while staying ahead of their competitors. On top of it, one bad move and it … Read more
The definition of company loyalty has certainly changed over the years. Gone are the days when an employee would stay with one company for thirty years, especially since that’s what employers valued back then. Even staying with one company for ten years is becoming a thing of the past. Now it seems like the longer … Read more
A leader that is influential versus controlling and/or authoritative is much more effective. By influencing others to achieve an objective, a leader is empowering them which is much more productive and beneficial to an organization in the long run. Influencing others is not easy. So how to does one do it? In most cases, trying … Read more
According to Dictionary.com, a hero is “a person who, in the opinion of others, has special achievements, abilities, or personal qualities and is regarded as a role model.” This does not mean, however, that all heroes are viewed as leaders. The added piece to this is that leaders need to take these abilities and motivate … Read more
The news has covered many stories about CEOs and other members of the senior management team misbehaving in terms of lavish parties, exorbitant salaries, etc. When the economy tanked, other issues of exploiting executive privileges came to light as well. There were also a few executives who seemed to be unaware that bad practices were … Read more
Before one can become a leader, it is imperative to be aware of one’s own self. Too many leaders are not aware of how they behave and then are surprised when their interactions and relationships with others are not as fruitful as they can be. In addition, the way these leaders perceive themselves under normal … Read more