Last week I asked if your strategic plan was for real. It was noted that one of the ways to bring it to life is an operating plan that spells out what gets done each year in support of the long-range plan. This week I want to take that idea a step further, based on a...
This article was first published about 20 years ago. It’s even more relevant today: Leadership is the art of inspiring people to undertake an adventure in the pursuit of a common goal. Management is the disciplined process that provides the infrastructure that enables...
I wrote this article for my (print) newsletter 25 years ago. It’s so relevant even today that I decided to republish it, even though it’s longer than my usual post. I think it’s worth the extra few minutes you’ll spend reading it. We are often asked: What is the most...
As employers struggle to fill open positions in their companies during The Great Resignation, they find themselves competing with other employers to pay more for workers they want to keep or attract, often with no real sense of how to do this in a reasonably efficient...
When it’s time to sell the business you’ve spent years building, and you want to be sure to take care of those long-time employees who helped you make it the success it has become, a really good path to consider is an Employee Stock Ownership Plan, or ESOP, in which...
