Want to start a new business? Good luck. Half of all new businesses fail within five years and more than 66 percent fail within 10 years, according to the U.S. Small Business Administration. The University of Tennessee analyzed thousands of small-business failures in an effort to identify their underlying causes. Here are some of the […]
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Editor’s Note: The author Curtis Chocholous, a seasoned executive and Lean Six Sigma Black Belt, has written a whitepaper on The 80/20 Law of Leadership, which is available for free on Flevy here. This whitepaper is based on Lean Culture thinking. * * * * Rick Warren’s #1 New York Times Bestseller, The Purpose Driven Life, begins […]
Editor’s Note: The author Curtis Chocholous, a seasoned executive and Lean Six Sigma Black Belt, has written a whitepaper on The 80/20 Law of Leadership, which is available for free on Flevy here. This whitepaper is based on Lean Culture thinking. * * * * Old habits are often difficult to break and die hard. […]
Editor’s Note: The author Curtis Chocholous, a seasoned executive and Lean Six Sigma Black Belt, has written a whitepaper on The 80/20 Law of Leadership, which is available for free on Flevy here. This whitepaper is based on Lean Culture thinking. * * * * Question 1. Do You Understand What’s Really Important? When a […]
Stress Management and Meditation in Corporate Culture: Key Components of Success and Work-Life Integration
Meditation is the ancient-latest trendy buzzword making the rounds, and even those who wouldn’t give the concept a second thought a few years ago are now practicing on a regular basis. Some folks have been practicing for years and would appreciate reinforcement at work, where most of their waking time is spent! Clearing the mind […]
If you’re an entrepreneur, it’s important to keep in mind that the single biggest factor in sales and repeat business is invoking an emotional response in your customers long after they’ve left your presence. That kind of impression is worth more than hundreds of tweets, emails and promo codes could ever be. And the most […]
We all like to talk about strategy. It’s cool to do so. But in order to craft a great strategy, it’s crucial to understand the underlying business strategy principles. All too often, people who talk about strategy don’t really know what strategy is all about. This article wants to change that! First, let’s take a […]
Time management is the act or process of planning and exercising conscious control over the amount of time spent on specific activities, especially to increase effectiveness, efficiency or productivity. Poor time management can be related to procrastination, as well as problems with self-control. Skills involved in managing your time. include planning for the future, setting […]
Companies are dying faster than they used to, according to a BCG study. In 1970, the average public company lasted over 55 years. By 2010, this had dropped to just over 30 years. The risk of a company exiting the market in five years is now 32 percent, compared to 5 percent 50 years ago. […]
No matter what your business issue is, you can always find some “best practices” to analyze, by examining the companies or organizations that have had the most success in dealing with that issue. And many of us think that if we want to have more success ourselves, then all we really need to do is pattern our […]
A lot of companies are at risk of becoming victims of digital Darwinism these days. Competitors in their industry are ahead of them in the digital arena. And there is always the risk of an outsider disrupting the entire industry. For many companies the words digital transformation ranks high on the list of priorities. One […]
Editor’s Note: Jim Cucinotta is a very senior executive, with over 20+ years of experience in leading sales, marketing, and operations teams. He is also an author on Flevy. You can view his firm’s business training guides here. * * * * As a manager, you are governed by a set of rules, norms, and cultural standards that […]
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