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Employees Quit Managers, not Companies (as Proved by Google)

Editor’s Note: The author, Dwight Mihalicz, is a subject expert matter on effective management and hosting a free webinar for Flevy’s audience on Empowerment 4.0.   The focus of Empowerment 4.0 is to help managers of managers understand the elements that need to be in place for effective teams.  Most management training focuses on the “soft skills,” whereas […]

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The 5 Building Blocks to Developing a Learning Organization

Organizations need to persistently improve the way they do business to staying ahead of the curve.  New ideas trigger organizational improvement and build the foundation of a Learning Organization. Scholars have defined a Learning Organization in many different ways.  Some suggest it as an organization skilled at creating, acquiring, and transferring knowledge, and at modifying […]

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Agile Activity Groups

Agile Activity Groups: Managing Agile Companies to Consistently Outpace Competitors

Big corporations, by nature, maneuver like battleships. Held back by their own inertia and current business strategies, turning quickly can be difficult when the competitive environment changes. Likewise, high performance as measured by shareholder returns is impossible to sustain over a long period of time.  No company consistently beats the market. A recent in-depth study […]

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Family Business Governance

Governance in Family Business: Putting the Pieces the RIGHT Way

Governance of Family Businesses must include the concerns of the numerous and diverse third generation. Establishing a set of Councils and Boards is essential in addressing critical transition issues. With a Governance Model, Family Businesses can address acute short-term challenges and prepare the business for subsequent generations. Starting the change process can be difficult. Ideally, […]

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Do You Know the Root Cause to Poor Employee Engagement?

Editor’s Note: The author, Dwight Mihalicz, is a subject expert matter on effective management and hosting a free webinar for Flevy’s audience on Empowerment 4.0.   The focus of Empowerment 4.0 is to help managers of managers understand the elements that need to be in place for effective teams.  Most management training focuses on the “soft skills,” […]

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The 21st Century Dilemma: Preparing the Next Generation for Succession

Family businesses did especially well in riding the rising tide.  Family businesses were the particular beneficiaries of three decades of favorable global economics. Propelled by fast growth in the emerging world, the share of family businesses in the global Fortune 500 grew from 15% in 2005 to 19% in 2013.  Five years ago, founders or […]

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Boost Employee Engagement – Solutions That Work!

Editor’s Note: The author, Dwight Mihalicz, is a subject expert matter on effective management and hosting a free webinar for Flevy’s audience on Empowerment 4.0.   The focus of Empowerment 4.0 is to help managers of managers understand the elements that need to be in place for effective teams.  Most management training focuses on the “soft skills,” […]

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The Key to Strengthening Family Business: The 4 Components of Family Capital

Family Capital is a true differentiator between family-owned businesses and companies with a fragmented shareholder base. Family Capital expresses itself as the organization’s culture, ethos, and network.  While hard measures liking it to performance are elusive, Family Capital clearly conveys powerful advantages. McKinsey Organizational Health Index database indicates that family-owned businesses enjoy a significant advantage […]

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Professionalizing the Family Business: Getting Ready

Every firm will eventually reach the point when it has to professionalize the way it operates. This is done by instituting more rigorous processes, establishing clear governance, and recruiting skills from outside. Family Business is no different. In the Family Business Survey, 43% of the companies believe that the need to professionalize the business is […]

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Keeping Family Committed: The Family Business 5 Dimensions of Activity

Family businesses are an overlooked form of ownership. Yet, they are all around us. One-third of companies in the S&P 500 index and 40% of the 250 largest companies in France and Germany are defined as a family business. A family business means that a family owns a significant share and can influence important decisions. […]

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Strategic Functional Organizations

When Demand for Added Value from Strategic Functional Organizations Becomes the Priority, Where Are We?

Functional organizations are facing dramatic changes. Businesses are becoming more focused around capabilities and demand leaders of functions to play a more strategic role. With a less stable environment and more intense competition, a premium is put on agility and flexibility with an increased emphasis on performance results. In effect, functions are pressured to boost […]

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