Business Archives

Simon Sinek: Is Your Business Mindset Finite or Infinite?

Why is mindset important in business? How would you describe your mindset when it comes to doing business? According to Simon Sinek, the author of The Infinite Game, those who survive in business do so because they adopt the mindset that business is an infinite game—a constantly evolving and never-ending game with a higher purpose. Those who don’t survive are the ones who have a finite mindset—they see business as a finite game, filled with short-term concerns and aimed at a win-or-lose ending point. Keep reading to learn about the two types of business mindset, according to motivational speaker and

4 Ways to Have a Competitive Advantage in Business

What is a business competitive advantage? What are some examples of competitive advantage in real-world business? In business, a competitive advantage is any attribute that allows you to perform better than your competitors. This usually occurs because they cannot replicate the resources underpinning it. So for example, a solid patent, a long-standing reputation for quality, or an outsized economy of scale will all give a company an advantage that is hard for a rival to overcome. Keep reading to learn about the different ways a company can exercise its competitive advantage in business.

Simon Sinek on Ethical Fading in the Workplace

What is ethical fading? What are the main factors that cause employees to behave unethically? Ethical fading is when people engage in increasingly unethical behavior while convincing themselves that they are acting fairly and properly. According to Simon Sinek, ethical fading happens for three reasons: 1) poorly designed incentives, 2) rationalization and 3) reliance on rigid and impersonal structures in place of enlightened leadership. We explore each of these below.

The Mastermind Group: What It Is & How to Create One

The Mastermind Group: What Is It, and Why Create It?

What is the mastermind group in Think and Grow Rich? How can you create your own group? The mastermind group describes a team of experts who have the specialized knowledge you need to achieve your goal. You can create your group by making a list of people who have the necessary knowledge and experience to help you carry out your plans. These people must be accessible to you. Read on to discover why the mastermind group of titans of industry like Henry Ford were so crucial in their success.

Gary W. Keller’s Formula for Success: The One Thing

How did Gary W. Keller get Keller Wililams back on track after it faltered? How can you apply his approach to your own life and work? Gary W. Keller, the founder of the world’s largest real estate company Keller Williams, argues that the key to extraordinary success is focusing daily on the “One Thing” that’s most important for achieving your goal, rather than scattering yourself in many directions. Keller used this approach in his business when it seemed to be faltering after a successful first decade. Keep reading to learn Gary W. Keller’s formula for success.

Good Strategy, Bad Strategy: Quotes by Richard Rumelt

Are you looking for Good Strategy, Bad Strategy quotes by Richard Rumelt? What are some of the most noteworthy passages worth revisiting? Richard Rumelt is one of the world’s foremost thinkers on strategy, having guided organizations ranging from small, entrepreneurial start-ups to large, multinational conglomerates, as well as several governments and the U.S. Department of Defense. In Good Strategy Bad Strategy, he lays out the essential components of good strategy and the faulty thinking behind bad strategy. The following Good Strategy, Bad Strategy quotes highlight his key points.

Obsession With Success: The Key to Becoming Rich?

Obsession with Success: The Key to Becoming Wealthy

What does it mean to have an obsession with success? Is obsession necessary for becoming wealthy? An obsession with success is an overriding desire to stake everything towards achieving a specific goal. Obsession is key to success because mere hopes and desires cannot give you the hunger you need to succeed. Read on to discover the importance of having an obsession with success.

How to Recognize a Bad Strategy in Business

How does one tell a bad strategy from a good one? What are the signs that your business is operating under a misguided strategy? According to author and UCLA management professor Richard Rumelt, there are four elements that can signal a misguided strategy: 1) fluff, 2) failure to identify the challenge, 3) conflation of goals with strategy, and 4) misguided strategic objectives. The effects of bad strategy can be seen in everything from the failures of corporations to the poor performance of our educational system. Keep reading to examine four elements that can create a misguided strategy.

Marketing Yourself: How to Sell Your Services Effectively

What are the secrets to marketing yourself effectively? How will you recognize the new improvements in how you market yourself? You can improve how you are marketing yourself by improving the quality and quantity of the services you offer. You must also boost the spirit of your business interactions by being pleasant with everyone you work with. Yearly self-analysis will help you track how well you are improving as a marketer. Read on to learn more about the secrets of marketing yourself effectively.

The Complete Guide to Organizational Goals

Why do you need goals for your organization? What are the best tips and strategies for setting and achieving organizational goals? Every organization wants to succeed, and organizational goals define what success means for you. Many business books cover how to set goals and objectives and this comprehensive guide brings together all of the best advice from these books. Keep reading for our complete guide to organizational goals.