Salary Equalization: Is It The Correct Decision?
Reading Time: < 1 minuteIt’s often said that the “road to Hell is paved with good intentions.” This past week, a young CEO, Dan Price, who founded Gravity Payments, a credit card payments processing firm, cut his pay from $1,000,000 to $70,000 and raised the pay of ALL employees making less than $70,000 to
“Disruption”: Dumb Luck or Deep Understanding?
Reading Time: < 1 minuteWe often think of “disruption” as belonging to the realm of startups or big, but innovative and relatively young companies like Google or Apple. Is it luck…is it art… or is it science?. One really old, really large company that makes many products you use every day knows that disruption
Mark Cuban: Moving from Bartender to Titan
Reading Time: < 1 minuteMark Cuban is best known as the founder of Broadcast.Com, the owner of the Dallas Mavericks and a regular on “Shark Tank.” What you may not know is that after graduating from college he launched his tech career by becoming…. a bartender. Check out this summary of the rest of
Have You Identified Your “Why”?
Reading Time: < 1 minuteSuccessful people usually have a well-defined purpose in life. That they have one and that it’s well defined is usually quite clear, but how he or she arrived at it often isn’t. Here’s a compelling graphic that may help you or a young person in your life understand how to
The Never Ending Danger of Losing Your ‘A’ Employees: Sniffing Out the Quitters
Reading Time: < 1 minuteI continually hear from CEOs that it is hard to find A players – we have lots of B’s and C’s and, unfortunately, these types will not get us to the next level. Labor markets get tight is already tight in manufacturing and will get tighter elsewhere as the economy continues
Have you seen Jim Collins’ 12 GREAT Questions?
Reading Time: < 1 minuteJim Collins has become the pre-eminent management writer of our generation with such works as Built to Last, Good to Great, How the Mighty Fall and Great by Choice. In recent years, has been increasingly queried by executives as to how they could efficiently use this impressive, but voluminous, body
Five Lessons From Marissa Mayer
Reading Time: < 1 minuteThere are many articles on Marissa Mayer who has taken on the remarkable task of trying to make sense of what business Yahoo is in and what its future might be. Whatever the outcome, you have to admire the career she’s had so far. One business writer has recapped her journey
From Leather to Electronics – What Can We Learn from Radio Shack?
Reading Time: < 1 minuteMost people alive today would have trouble remembering when there wasn’t a local Radio Shack store. For years, it was synonymous with things electronic. This past week it filed for Chapter 11 Bankruptcy with most if of its brick and mortar assets probably destined to be resurrected as Sprint Stores.
Who is the Father of Management: Drucker or Caesar?
Reading Time: < 1 minuteThe late Peter Drucker was often referred to as “the man who invented management.” While Drucker’s contribution to the canon of management is legendary, he certainly was not the first to comment on or grapple with the art and science of managing subordinates. Jerry Toner, a professor of classical studies
Be Stoic Before Being Heroic
Reading Time: < 1 minuteHeroes are people who choose the difficult when they don’t have to, including a difficult philosophy of life. Start your day with a few observations from one of antiquity’s greatest CEOs, the Roman Emperor Marcus Aurelius and another “thought leader” of that era, the philosopher Seneca . Aurelius’ “Meditations”