Leaders in every area of society — political, business, religious, sports — apply charisma, woo their followers, then do as they wish. We exalt, and like sheep, follow them.
Parents Have Awesome Role Modeling Effective Stewardship To Children
O ver the past few years, several parents complained to me about their children drifting from values and principles they taught them. Statements like: How can my child stop going to church and Bible study? Why are they drinking alcohol? How have they become so liberal? Where did I go wrong? As a grandfather, father […]
7 Keys To Take On Today’s Economic Challenge
Meanwhile, consumers must manage their affairs and try to keep themselves and families afloat. So, here are seven keys with a fitting acronym, WEEP NOT, to take on today’s economic challenge. They will help you ride out today’s difficulties, and maybe you emerge stronger and better able to deal with future challenges. Where are you […]
Central Bankers Need New Strategies To Tame Inflation
Economy Has Unique Challenges Affecting Employment & Supply Chain The pandemic created supply chain issues, disrupted employment and small businesses while housing prices stayed high with insane, low interest rates. Besides, the Ukraine war contributed to higher gas and food prices. These events turned classic macro economic metrics upside down, but bankers seem to ignore […]
CEO Way Overpaid For The Effectiveness Urgent Action Needed
I am not against large rewards for CEOs who create sustained value for stakeholders. I get it as a former senior executive in a $24 billion company away from home over 65% of the time working on mergers, acquisitions, partnerships, and other significant corporate matters. My company paid me handsome compensation, bonus, and share options. So, […]
A Stock Market Crash Or Pause Is Here Don’t Panic
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