Empower Frontline Workers Eliminate Silos Create Stakeholder Value

Leaders must empower frontline workers and outlaw silos. Frontline workers create value for businesses. Silos destroy value and encourage individual department’s performance, often at the expense of the organization’s overall goals. Still, many firms create organizational structures and design compensation and benefits systems that encourage silos. Besides, they create departmental goals, and reward executives with […]

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Counter-Intuitive Strategies Can Yield High Margins While Being Attentive To Customers’ Needs

Counter-Intuitive Strategy At Costco, people pay an annual membership fee for the “privilege” of shopping—to spend! This counter-intuitive strategy generates the bulk of Costco’s profits. Still, most businesses haven’t been able to copy it. Starbucks’ coffee demands a premium. Why? Starbucks’ doesn’t merely sell coffee and other products. Indeed, Starbucks’ strategy is to provide the […]

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GOP Tax Reform Assessment Impacted Negatively by Ignorance, Politics, and Emotions

Why does the GOP tax reform result in more tax brackets? Though imperfect, unpopular, with too many income tax tranches and deductions, the proposed GOP tax reform is a step in the right direction. Taxing businesses reduces their ability to grow organically and create jobs in the right locations. Left-leaning media and left-leaning politicians either […]

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Effectiveness of Rules and Regulations in Achieving an Organization’s Mission

What’s the importance of rules and regulations in an organization? Except for rules and regulations mandating ethical and legal behavior (a code of ethics), why do so many rules and regulations exist in business and other entities? How effective are they to achieving the entities vision and mission? Several companies have many rules because they […]

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