The Importance of Team Diversity

  Hence, I found it sobering and a tad disturbing as a male, when I watched a TED Talk by Dr. Tomas Chamorro-Premuzic, an organizational psychologist. The presentation is cheekily entitled “Why Do So Many Incompetent Men Become Leaders?” While the name does get a few chuckles from the crowd, the mood changes very quickly …

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Four Functions Every Business Needs for Long-Term Growth

No matter whether it’s a pizza shop, accounting firm, shoe shop, or manufacturing company, there are four functions every business must strengthen: Marketing, Sales, Operations, and Finance. In our earlier example, marketing hands out the flyers to customers; sales, the cashier, takes the order; operations which is the kitchen, makes the pizza; and finance is the bookkeeper who keeps track …

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Five Questions an Elevator Pitch Must Answer

Who is the target audience? Different audiences result in a breadth of views on how a product can solve their need. The conversation for a CEO, the CFO or the consumer of a product or service will all have different messages. Your potential customer or partner can be broken down into three categories: The decision …

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8 Tips for Implementing a Gainsharing Program

The problem may be that your incentive system may be inadvertently sabotaging your group’s performance. So how can you improve individual performance and also foster a collaborative environment? One idea – implement a gainsharing program. Gainsharing 101 So what is a gainsharing program? At its simplest level, it’s a group incentive plan designed to improve …

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