Doug Yakola has seen his fair share of companies in crisis during his time in business leadership. As the Chief Financial Officer of more than a dozen companies, he’s had several what he calls “boiled frog” moments. Companies, he says, are like frogs put in warm water that are slowly heated up. They often don’t realize that anything is wrong until the water’s boiling and it’s too late to escape. It isn’t necessarily down to bad management. It’s often just that the senior management team isn’t able to accept that the world has changed and moved on and their company hasn’t. The power of inertia can be strong in business.
Other companies get into a crisis by not focusing on the right data. They have the right idea, Yakola says, using data to help make decisions. But sometimes the data they are using is not useful when it comes to improving their revenue. Using the wrong data hamstrings companies and causes them to become less and less relevant to the needs of the market.
After having so many near misses himself, Yakola took a step back and asked how ailing companies can lead themselves out of a crisis. Here is some of his hard-won wisdom.
For most leaders today, complexity is outpacing their personal and collective development. Most leaders are in over their heads, whether they know it or not. The most successful organizations over time are the best led. While this has always been true, today escalating global complexity puts leadership effectiveness at a premium.
This week I am participating in the book launch of Mastering Leadership. This book is different because it involves developing the effectiveness of leaders—individually and collectively—and turning that leadership into a competitive advantage. The book lays out a roadmap for optimal leadership and features:
- Breakthrough research that connects increased leadership effectiveness with enhanced business performance
- The first fully integrated Universal Model of Leadership—one that integrates the best theory and research in the fields of Leadership and Organizational Development over the last half century
- A free, online self-assessment of your leadership, using the Leadership Circle Profile, visibly outlining how you are currently leading and how to develop even greater effectiveness
- The five stages in the evolution of leadership—Egocentric, Reactive, Creative, Integral, and Unitive—along with the organizational structures and cultures that develop at each of these stages
- Six leadership practices for evolving your leadership capability at a faster pace
- A map of your optimal path to greater leadership effectiveness
- Case stories that facilitate pragmatic application of this Leadership Development System to your particular situation
The pursuit of the perfect workforce is what drives most business owners. Some of the world’s corporate giants are now even embracing remote working as a means to eliminate location restrictions to finding talent. The skills shortage and the quest for the best employees has opened up a whole new world of recruiting and hiring strategies. With the option of teleworking talent can now be found around the world. Almost every major corporation is now spending their time chasing the elusive ‘perfect’ worker. What could they be doing instead of chasing down talent that they may never find? They could invest in training and developing their own employees to meet whatever skills gap that they are lacking.
There was a time when training meant more than just an induction day. Companies would invest in young graduates, teach them the ways of the industry, and reap the rewards. Above all, that was a far cheaper method than simply plucking the best and brightest from the competition. What does training give you? The opportunity to mold an already creative and impressionable mind in your vision.
The world of business is an extremely fierce playing field, and you have to take every measure possible to make yours shine. Failure to do so will limit success. Even if the company is doing well, no owner wants to achieve anything less than maximum results.
Here are some of the most common issues that could be preventing your company from realizing its full potential, and some tips on how you can fix them.
It is a scenario that has been played out hundreds of times, in offices, workshops and businesses across all sectors – employees have gone above and beyond in their duties in their line of work. In many cases, the future for a company may hang on the specific outcome of a certain project. Timeliness and quality are of the utmost importance. Employees like to feel valued and appreciated for what they do. When employees commit to working for a company, they like to feel like they are part of a team and family. A lot of the time, they spend more time with co-workers than they do with most other people in their lives. Recognizing the assistances employees make to a company helps solidify relationships, fosters employee engagement and loyalty to the business.
Many women focus on performance, thinking that good work garners promotion. Too often, they’re left outside the circles of power and influence where decisions are made that affect their careers.
This week I am excited to participate in the launch of The Politics of Promotion by Bonnie Marcus. The Politics of Promotion provides a framework for breaking into those circles, and taking control of one’s own career path. Bonnie Marcus shows how to navigate office politics successfully, build and nurture key relationships, get comfortable with self-promotion, and avoid potentially disastrous blindsides.
The Politics of Promotion is for anyone who wants to take the next step in advancing their career. The following is a guest post from Bonnie Marcus.
Do you have toxic employees in your workplace? Recognize any of the descriptions below? Not dealing with toxic employees creates a bad workplace culture.
One bad apple is all it takes. A toxic employee is an enormous liability for your company writes Reuben Yonatan, CEO of GetVoIP in this post. Expensive, demoralizing, and infuriating, they can bring teamwork to a grinding halt, jeopardize goals, and generally make life worse for everybody else around them. How can you diagnose these troublemakers, and what can be done about them? The newest infographic from GetVoIP examines the types of toxic employees which could be derailing your business.