Category: Culture Is Strategic
Owners’ Words Best When Reflect Both Noble Purpose & Bottom-Line
This revealing story was told by speaker Lisa McLeod at the recent Murphy Conference for their impressive network of business brokers across the country. McLeod gave a very nice talk based on her book Selling with Noble Purpose. McLeod was facing a conundrum in her… Continue reading
Berkshire Hathaway: If You Love the Management, Set Them Free
Private equity investors often take the “father knows best” approach to working with their management teams. To me, this is crazy — particularly when the management team has years of experience with the business, the investors are new to the business, and the track record… Continue reading
Invest in Strength Rather Than Work on Weakness
For your business, do you believe it is more important to spend more time on your challenges or your opportunities? Similarly, do you believe that you should invest in your strengths or work on your weaknesses? The answer, of course, depends. If the challenge in… Continue reading
Know Thyself Helps You Manage Yourself by Peter Drucker
“Managing Oneself”, as written by Peter Drucker, may be a modern business addition to the foundation of “Know thyself,” the famous saying from the Greek Temple of Apollo at Delphi, and “To thine own self be true” in Shakespeare’s Hamlet (although this phrase’s speaker in… Continue reading
Great Business Partners Give You Keys to Success
Business grows through partnerships — sometimes just for a brief transaction and sometimes for life. Despite the false cliche that “nice guys finish last,” my experience has been that being able to forge good partnerships forges keys to long-term success. This is because very little… Continue reading
Best Way of Giving Thanks — Make It Personal
Giving thanks — and the power of making it personal — came across clearly in a recent article in Fortune magazine about Yum Brands. They don’t allow managers just to give plaques or gifts — everything must have a personal note on it, or along… Continue reading
Company Culture Like Fine Wine or Great Coffee
Company culture gets crafted over time by thousands of small decisions, and a few large ones. Yes, the big decisions about the vineyard or varietal takes spectacular time. But I was struck by how many small decisions like the shape of wood barrel, the wood… Continue reading
Unique Businesses Are A Force For Good
The best businesses are not just about making money. It is necessary to make money to stay in business, but it is not sufficient for the business to be worth your time. That is why the strongest businesses, in my opinion, are the ones that… Continue reading
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