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
Resilient leaders are the ones who can bounce back after being faced with a difficult challenge. These challenges could occur from a downturn in the economy, a defective product, bad customer experiences, or possibly unsustainable profitability. The key to being resilient is to recognize that the situation is most likely temporary and to recognize the … 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
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
Now that the New Year is here, we have to acknowledge that there is and will continue to be a lot of uncertainty in 2023, both in our personal and professional lives. Dynamic leaders need to navigate this fluid environment and not only be resourceful but resilient if they want to succeed. To do this, … 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
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
Skilled leaders need to demonstrate that they can stand up to others and tackle tough problems. In our fast-moving world, this is not an easy task but it is necessary for a company to survive. Also, it is important because if staff members do not have confidence in their leader, the organization will lack cohesiveness … Read more
Failing forward, or learning from what went wrong, is a critical component of having a successful career and being an effective leader. Becoming better from your mistakes, rather than spending all your time focusing on covering them up or defending them, is the key here. As a leader, one must strive to develop a growth … 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