The World's Best Book Summaries
How do you measure business performance? Do you have a system to make sure your growth is on track? Progress matters, no matter what your organization does or how big it is. Key performance indicators (KPSs) and objectives and key results (OKRs) are two common ways to measure business performance. In fact, they can be used in tandem. Keep reading to learn about these two methods of measuring business performance.
What does John Kotter say about managing change? How is leading change similar to a team sport? Why is it so important to properly support developing leaders? According to John Kotter, change management is a team effort and should not all fall on one individual. This is because many organizations are interdependent, and a change in one department could dramatically affect another one. Here’s what Kotter says about managing change in an organization.
Do you stay on top of your business’s cash flow and cash position? How are they connected to your vision? If you’re a business owner, you naturally keep an eye on profits. But, to ensure that your business continues to grow and stay on track, you also must remain aware of your cash flow and cash position. These are vital pieces to your overall strategy. Keep reading to learn about cash flow and cash position for your business.
Why is having a sense of purpose so important in the workplace? What can you do to foster purpose in your team? In their book Who Not How, authors Sullivan and Hardy explain that your personnel will give their best work when they have a purpose in what they’re doing. There are a few things you can do to instill purpose including encouraging collaboration, trusting your team, and avoiding micromanagement. Here’s how to instill a sense of purpose in your team.
Are you looking for The Five Dysfunctions of a Team quotes by Patrick Lencioni? What are some of the most noteworthy passages worth revisiting? The Five Dysfunctions of a Team by Patrick Lencioni explores the five most common obstacles (“dysfunctions”) to successful teamwork. Lencioni presents the five dysfunctions like a pyramid—each one builds on the next. And to solve all the dysfunctions, you need to start at the bottom and most fundamental dysfunction. Below is a selection of quotes with explanations.
What are some ways to increase labor productivity? What difference does labor productivity make to your bottom line? Once your business is up and running, you should look for ways to keep growing. Increasing labor productivity is one difference you can make. Continue reading to learn ways to increase labor productivity.
Do you own a business? How do you use your earnings? How can you use that income to generate even more income? If you run a business, you may be tempted to save your income for a rainy day (or to put in your pockets). However, the authors of Who Not How say that you’ll actually make more money, and faster, if you use that money to invest in hiring more employees. Here is why you should invest in employees rather than saving your money.
What is The Five Dysfunctions of a Team about? What are the five most common dysfunctions of a team, according to its author Patrick Lencioni? The Five Dysfunctions of a Team: A Leadership Fable explores how teams fail to work cohesively together through a dynamic, five-part model of dysfunction. The five dysfunctions are 1) absence of trust, 2) fear of conflict, 3) lack of commitment, 4) avoidance of accountability, and 5) inattention to results. Below is a brief overview of The Five Dysfunctions of a Team by Patrick Lencioni.
What does the book Scaling Up say about your business’s vision and values? How do they impact growth? In his book Scaling Up, Verne Harnish discusses what you need to do to successfully guide your business as it grows from a small company or sole proprietorship into a firm employing hundreds or thousands of people. He argues that, first, you must articulate a clear vision for what you ultimately want your company to be—anchored by a core set of values. Keep reading for insights from the book Scaling Up.
Why does mass employment promote inefficiency? Do you think it’s possible to completely eliminate labor market inefficiency? According to Nassim Taleb, inefficiency at work is an unavoidable weakness of mass employment. Employees limit their freedom in order to maintain productive organizations for their employers, and what they get in return—the paycheck. However, it’s impossible to get employees totally invested in the company’s game. In this article, we’ll discuss why inefficiency is an inherent by-product of mass employment.