Inspiration breeds innovation. Great business leaders not only disregard the status quo for higher standards, but they routinely encourage their employees and team members to do so as well. They promote, rather than punish, innovative thinking and transform their workplaces into inspired incubators of fresh ideas and insights. This type of leadership ensures that top employees feel challenged and valued, which translates into tangible value for the company.
Summary: Sometimes starting at the end can be the best way to turn around a company that’s no longer thriving. Skullcandy’s CEO explains how it worked for them.
The experts agree. Step three in a corporate turnaround involves the painful but necessary “emergency action plan.” Skullcandy (www.skullcandy.com) is ignoring this advice … and it’s working.
When W. Berry Fowler decided to give up his formal teaching career to open a tutoring business in 1979, he had no idea he was at the forefront of a revolution.
His single location center at the Sylvan Hill Medical Center in Portland, Ore., eventually grew into Sylvan Learning: the largest for-profit tutoring company in the country, spurred on by a transformation in the U.S. educational system.
Note: originally published on Fastcompany.com
Of course you want to keep your best employees, but the truth is most of your employees–even the happy ones–are looking for another job.
According to a recent study conducted by Deloitte leaders rate engagement and retention as a top 2014 priority. And yet, lumping engagement and retention into one bucket is misleading–at least that’s what 7,350 LinkedIn members across five countries said in an exit survey.
Note: originally posted on Knowledge@Wharton
Despite an unemployment rate hovering at 6.7%, American businesses still struggle to fill jobs, with executives saying there’s a lack of innovative minds to lead new projects. But it seems the blame for this can be placed on the C-Suite, with leaders overlooking entrepreneurial-minded employees who are actively pitching the next big thing. Companies are wasting innovative energy by failing to support ideas. Business strategist and best-selling author Kaihan Krippendorff explains how this jobs dilemma is hurting progress and how business leaders can fix it.
Business Insider shares the favorite of 21 CEOs including Tom Cook, Jeff Bezos, Tony Hsieh, and Richard Branson. This is reading list worth considering.
The age of judging companies only on their longevity is now past. Great companies solve problem that matter.
Since the 1950s we have been judging companies by their longevity. We fret over how long they stay on the Fortune 500 list, maintain a leadership position, or survive “disruptions.”