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 […]
Apple Smartphone Market Strategy is a key to Its Continuing Success
Apple’s Smartphone Strategy Steve Jobs’ Apple produced the Macintosh computer in 1984 for normal people’s use, not experts. Later, Apple ousted Jobs and developed the Newton in 1993, an outstanding PDA ahead of its time. I have two functioning Newtons, which could have heralded the iPad years earlier if continued. On Jobs return to Apple, […]
The APPLE Leadership Principle Creates Conditions for Safe Workplace High Productivity
The APPLE leadership principle stresses the need for leaders to ask questions of people of integrity as they develop and refine the entity and division’s purpose; then leaders listen and empower these people to carry out the mission. Ask CEO and executives must master asking pertinent questions.They must learn to frame issues, withhold decisions, and […]