Business Forecasts: Cloudy with a Chance of Futility
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Nobel Prize-winning economist Ken Arrow started his career as a weather officer in the U.S. Army Air Forces during World War II. He worked with a group responsible for preparing long-range weather forecasts for military leaders. As a trained statistician, he began to wonder if the forecasts were accurate. After examining the old forecasts, he determined that […]
The Fundamental Difference Between a Big and Small Business
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Why is an organization of 100 people so different than an organization of 20 people? It relates to basic human nature. Human relationships are mostly formed through one-on-one encounters. At 20 people, not only is it possible for the CEO to have a personal relationship with every employee. It is also possible for every employee […]
Top 6 Things a CEO Must Measure
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For most businesses, two triangles represent the functional areas of the business: Shareholders – Employees – Customers & Marketing – Sales – Product The top 6 things a CEO must measure relate to each of these areas. Shareholders: financials Employees: engagement & productivity Customers: customer satisfaction rating Marketing: # of leads Sales: # of deals […]
4 Traits of the Most Talented Job Candidates
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Traits to look for when you need to find talent I recently wrote that hiring “oddballs” can give your company a competitive advantage. Non-conformists bring a diversity of talent, thought, and skills that can boost creativity and productivity. But what traits do you search for and how do you evaluate them in each candidate? To […]