Business Archives

The Benefits of Asynchronous Team Communication

Why is asynchronous team communication important? How does this type of communication facilitate deeper thinking? According to Jason Fried and David Heinemeier Hansson, many organizations hurt their employees’ productivity by creating a culture in which they’re expected to constantly check their messages. They also must be aware of the discussion going on in real-time chatrooms, but in reality, this isn’t necessary. Find out why asynchronous team communication is the better alternative in workplaces.

Amazon in 2001: How Jeff Bezos Rose Above Bad Share Prices

How did Amazon survive its first major downturn? Why does Amazon value its relationship with customers so much? In Invent and Wander, Jeff Bezos looks back at Amazon 2001’s crisis when share prices dropped dramatically. Yet it was still a learning experience for Bezos, who managed to turn things around for Amazon. Discover the lessons Bezos took away from Amazon’s share price dropping in 2001.

How to Create a Movement (and Not Just a Business)

What makes something a movement? What if you could create a movement instead of just running a business? Imagine you have a product or service that can change people’s lives—one that can help them reach their most ambitious goals financially or personally. Russell Brunson says you should look at your product or service as merely a tool that supports something much greater—a movement. Read more to learn how to create a movement and not just a business.

The 3 Most Effective Hiring Criteria for Businesses

What are the best hiring criteria for recruiters to follow? Should you look for the best of the best in your line of work? Most companies get skilled employees by identifying the most talented workers in their industry and stealing them away from other companies. However, Jason Fried and David Heinemeier Hansson advise against doing this. Check out below what Fried and Hansson recommend doing instead.

Managerial Decision-Making: What Does It Entail?

What’s managerial decision-making? How do you know if you’re making the right decision for the organization? It’s management’s role to make decisions based on issues affecting the whole organization. In The Essential Drucker, Peter Drucker asserts that at the executive level, managers should devote their time to making strategic, broad-ranging decisions, not solving low-level problems. Continue reading to learn what it takes to make managerial decisions.

Going Infinite: The Rise and Fall of a New Tycoon (Overview)

Who is Sam Bankman-Fried? How did he make his money? How did he lose it? In just a few years, Sam Bankman-Fried went from being a relative nobody to the architect of a cryptocurrency empire whose net worth neared $30 billion. But, even quicker than his empire burst onto the scene, it crumbled. Continue reading for an overview of Michael Lewis’s Going Infinite: The Rise and Fall of a New Tycoon.

Russell Brunson’s 10x Secrets: 3 Tips for One-to-Many Selling

What false beliefs do customers often hold? What’s the best way to address their concerns? When you sell to a large audience, how should you adjust your presentation? Selling to a big crowd is not the same as selling to an individual or small group. Russell Brunson shares tips on adjusting your techniques in a way that leverages the differences associated with a large audience. Continue reading to learn Russell Brunson’s “10x secrets.”

The Importance of Employee Benefits & Supporting Workers

How to Be Persuasive and Always Get What You Want

What’s the importance of employee benefits? What types of benefits do employees deserve? Jason Fried and David Heinemeier Hansson recommend supplying your team with generous benefits to make them want to stay at your company for the long haul. Retaining your current employees by offering them benefits is more effective than replacing them. Check out the reasons why it’s better to offer more benefits than replace employees.

Peter Drucker: Innovation and Management’s Connection

How do management and innovation go hand-in-hand? Where does innovation come from? Managers are responsible for keeping an organization afloat. In addition, says Peter Drucker, innovation is required by managers to steer their business toward the future, which requires experimenting with new ideas. Here’s how managers can use innovation to put their business on the right path.

Why Is Amazon So Successful? Here Are Jeff Bezos’s 4 Reasons

Why is Amazon so successful? How does Amazon set itself apart from other businesses? When Amazon made over $100 billion in sales in a single year for the first time, Jeff Bezos reported that it’d achieved that volume faster than any other business. In Invent and Wander, Bezos attributes Amazon’s success to its workers and to the company’s culture. Continue reading to learn more about the cornerstones of Amazon’s success.