Management Archives

A Cooperative Business Model for Companies

What is the cooperative business model? How does it help build a better workplace for employees? A cooperative business model is a democratic company where the enterprise is collectively owned by all the employees. Employees elect leaders, and share profits and liabilities as a group. The model creates a better workplace because the opinion of everyone counts, which makes employees happier and more engaged. Read more about how the cooperative business model works.

The Ideal Team Player: Humble, Hungry, and Smart

Are your employees natural team players—humble, hungry, and smart? What can you do to instill these qualities in your workforce? For organizations committed to a teamwork culture, the right people are ideal team players who are humble, hungry, and smart. People who are humble focus on the success of the team rather than their personal interests. People who are hungry are driven to seek more work and responsibility. And people who are smart have common sense when it comes to dealing with people—they understand where others are coming from. To help those who are significantly lacking in one of the

How to Build a Strong Teamwork Culture

How important is a teamwork culture in your organization? What are some things you can do to establish a strong culture of teamwork and cooperation? For organizations committed to a teamwork culture, hiring the right people and encouraging team spirit is key. According to Patrick Lencioni, the author of The Ideal Team Player, the key to developing a strong teamwork culture in an organization is to hire natural team players who possess the following three qualities: being humble, hungry, and smart. Besides helping individuals become humble, hungry, and smart, it’s important to embed these values in your company’s culture. Here

The 3 Elements of Change: Set Yourself Up for Success

What is the key to changing an undesirable behavior and making the change last? Is there a formula behind a successful behavior change? Successful change involves certain patterns that you can intentionally engineer to significantly improve your change success rate. According to Chip and Dan Heath, the authors of Switch: How to Change Things When Change Is Hard, there are three elements of behavior change: 1) the rational you, 2) the emotional you, and 3) the path forward. Keep reading to learn about the three elements of change.

How to Apply the Playing to Win Framework

What is the Playing to Win Framework? How can you apply the Playing to Win strategy framework? The Playing to Win framework is a set of five choices that include having a winning aspiration, knowing where to play, knowing how to win, developing core capabilities, and fine-tuning your management systems. These choices help you win in the marketplace. You can only use the framework successfully after answering the five questions in the strategic choice cascade. Read on to learn how to implement the Playing to Win framework.

The Ideal Team Player: Book Overview

What is The Ideal Team Player about? What are the key qualities of an effective team player, according to its author Patrick Lencioni? In his book The Ideal Team Player, author and business consultant Patrick Lencioni explains how to spot, hire, and coach a model team player. Building on his previous book, The Five Dysfunctions of a Team, which focused on group dynamics, he defines three essential personal qualities or “virtues” the ideal team player embodies—humility, hunger or drive, and people skills. Below is a brief overview of the key concepts and takeaways.

Patrick Lencioni’s Fable About The Ideal Team Player

What are the three virtues of Patrick Lencioni’s ideal team player? How does cultivating these qualities in your employees help you level up their performance? In his book The Ideal Team Player, Patrick Lencioni explains how to spot, hire, and coach a model team player—someone who is humble, hungry, and smart. Through the fictional story of a man who takes over his uncle’s troubled construction company, he explains how these three simple qualities combined can transform any organization. Here goes the fable of Patrick Lencioni’s ideal team player model.

How to Implement Change in an Organization

How can you successfully implement change in an organization? What is the key to enacting change that sticks? In their book Switch, Chip and Dan Heath dive into the inner workings of change, offering actionable advice for creating changes that not only succeed but stick. They share four ways to implement change in an organization, while also providing keys to change in general. In this article, we’ll take a look at four practical ways to implement change in an organization: insider advice, emotional appeals, progress acknowledgement, and praise.

The Play to Win Strategy: It’s All About Good Choices

What is the core concept of the Play to Win strategy? What are the major misinterpretations of business strategy? The Play to Win strategy posits that winning is the process of making tough choices that put you ahead of the competition. A winning business strategy does not mean adhering to industry best practices or publishing a vision statement, it essentially means making the decisions that put your company in a position to thrive in the marketplace. Read on to learn more about the true meaning and misinterpretations of the Play to Win strategy.

How Choice Overload and Ambiguity Thwart Change

What is choice overload? How does it impact our ability to change? Choice overload happens when people are overwhelmed with options. It can lead to decision paralysis—when we end up either doing nothing or doing the same thing every time. Ultimately, it makes change difficult. Too much ambiguity, just like too many options, can thwart change efforts. Keep reading to learn how to overcome choice overload and ambiguity in order to bring about change.