ABC’s of Team Building – S is for Sunk Cost

A sunk cost is one that has already happened and cannot be recouped.  The sunk cost effect can occur when people escalate their commitment to a course of action in which they have made substantial prior investments of time, money, energy, or other resources, even though it clearly isn’t working.  Since people typically want to … Read more

Leadership Blog – X is for X-Ray

An effective leader should be a visionary and possess x-ray vision.  This is challenging in today’s environment so a leader must seek out others to provide suggestions and ideas.  It seems though that there are two types of leaders – one who is a big picture type and the other who is very hands on.  … Read more

Leadership Blog – U is for Upward

Companies want increased sales and profitability; in essence they want to “move up”.  However, there are times when a leader should deliberately keep the company in a maintenance mode or even retrench.  There may be several reasons to do this but a savvy leader will know that to move a company forward, it may be … Read more

Leadership Blog – F is for Fail Forward

“The essence of man is imperfection.  Know that you’re going to make mistakes.  The fellow who never makes a mistake takes his orders from one who does.  Wake up and realize this: Failure is simply a price we pay to achieve success.” ~John C. Maxwell, author of Failing Forward: Turning Mistakes Into Stepping Stones for … Read more