Stock markets crash, rebound, decline for extended periods, and climb for long durations. Sometimes the fall and rise are steady, but the past year was odd. Stock markets were wild, yielding a scary emotional roller coaster ride. In this article, after peeking at the present, I examine three prior market crashes to deduce lessons and […]
Effective Executive Four Powerful Value Creation Traits
The late management expert Peter F. Drucker, in his book The Effective Executive, states an executive does not have to be a leader. Effective executives, he states, follow eight practices shown under three headings: To gain knowledge, they asked two questions: What needs to be done? What is right for the enterprise? They converted knowledge to effective […]
Inflation Rising Interest Rates Volatile Markets New Norm
Inflation, rising interest rates, and volatile stock markets will be the new norm. Meantime, on January 25, Bank of Canada reprieved Canadians by deferring the first interest rate hike to March 2022, keeping the target for the overnight rate at 0.25%. Get ready for a series of rate increases: “Everybody should expect interest rates to […]
Worker Shortage Might Be Excellent News For The Economy
A worker shortage might be excellent news for the economy! Maybe, just maybe, firms will awake and see workers’ substantial contribution to their success. Some CEOs take unconscionable sums and destroy their firm’s value, unlike many frontline workers who create value. During the pandemic, CEOs took vast sums as they laid-off workers. Some firms sought bankruptcy protection, but […]
Business Regressing to The Pin Factory Division of Labor
My recent experience with Bell Canada was absurd. It shows business regressing to Adam Smith’s Pin Factory. Workers refusing to think and do the obvious things
Better Leaders Like The TEACHER Leadership Principle
Exemplary leaders create a safe climate to help those led form and focus on controllable factors to reach a shared mission aided by precise values.
COO Function Will Continue To Decline Unabated
Why do companies hire chief operating officers (COOs) when their efficacy is questionable? A 2004 research found no support for the contingency view explaining when COOs are most beneficial. Instead, it found “CEOs [Chief Executive Officers] who have COOs deliver lower organizational performance than those who do not.” (Hambrick, D., & Cannella, A., 2004).1 Fifty […]
Will Governments COVID-19 Response Yield Sustained Economic Recovery
World Economy Saddled With Debt World economies entered the pandemic saddled with debt, which will hamper the pace of economy recovery. Many countries depend on consumer spending to drive their economies (about 70% in the U.S. and Canadian), and during an economic slowdown firms lay off workers who must cut spending. Still, the IMF estimates […]
Toxic Workplaces Harm Health Destroy Value
Setting and maintaining the right culture is an antidote to toxicity. That’s what effective leaders do. Don’t lead with arrogance, unrealistic expectations, throw temper tantrums, or be rude. These negative traits at the top breed toxicity in organizations. If you are always out front with answers, you do not lead a team, you are a maverick!
RRSP Versus TFSA Which is Better For You
Apart from being cold in Canada, February is RRSP season. Personal financial advisors and financial institutions blitz clients to make annual contributions to get a tax deduction from the previous year’s income. They tout RRSPs as the best tax deduction available, sometimes to students who pay little or no taxes, to boot! Let’s review Registered […]