Numerous CEO friends continually extol the employee virtues of ownership thinking. I’ve never jumped on that bandwagon. I’ve met my share of passive and disengaged, country club-like, and unsophisticated owners. With that jaded imagery in my mind, I don’t want employees thinking like owners, even if the bad ones represent a small minority of all entrepreneurs. Instead, I prefer a stewardship mentality.
[Read more…] about My 15% vs Ownership ThinkingAccounting’s Impact on Human Capital
Author and HBR contributor Peter Cappelli asserts that accounting and financial reporting are wreaking havoc on damaging HR decisions by corporate leaders. In this conversation, Peter reveals that 90% of all company vacancies were filled internally prior to 1980. Today, that number is just over 20%. He adds that there were very few layoffs more than 40 years ago. Today, layoffs make headlines weekly. We’ll learn how accounting is driving these trends in the wrong direction.
[Read more…] about Accounting’s Impact on Human CapitalReturn to the Little Kingdom
Many business readers who are fans of Apple will probably state that Walter Isaacson’s book on Steve Jobs is the best starting point for learning about the business he co-founded with Steve Wozniak. Thanks to my guest and his unique insights on this episode, I now believe that Return to the Little Kingdom by Michael Moritz is the go-to book for learning both the backstory and the early days of this unicorn.
[Read more…] about Return to the Little KingdomBehind the Scenes of One of Our Favorite Podcasts
Occasionally, I’ll scour the podcast universe looking for other podcasts that focus on great business books. I recently found Business Books & Co. created by three friends who went to college together. There are ten to twelve shows per season, and they recently wrapped up their third season. I listened to one show and then another. In about three weeks, I listened to their entire episode catalog. I love this show, and I’ll continue to be a loyal listener.
[Read more…] about Behind the Scenes of One of Our Favorite PodcastsEnding the Negative Connotation of Planning
When you think of planning, what springs to mind? In your organization, is planning a positive experience or a negative one?
Many of us, including this writer, have suffered many tortuous planning exercises that never gained steam once they were finalized. Future planning events continue with similar results.
Perhaps we need a reminder of what planning is and its primary aim. I’ll keep this short by referencing a page from Peter Senge’s masterful business playbook, The Fifth Discipline.
[Read more…] about Ending the Negative Connotation of PlanningHow One Founder Turned $80k Into $400 Million
Jeff Polovick started Canadian-based The Driving Force with just $80,000 and only a few years of experience in a narrow market niche – vehicle rentals. That modest investment has been parlayed into $400 million in revenues with 675 employees. Jeff’s book is Why Can’t We, and like many startup stories, there’s drama, adversity, success, more adversity, and even an exit. In this conversation, we talk about continuous and lifelong learning, family, adversity, exiting a business, and Jeff’s value system.
[Read more…] about How One Founder Turned $80k Into $400 MillionBookmarks 152
Monthly Bookmarks –
152nd Edition – February 19th, 2023
The Gray Choices In Our Business Decisions
He gained the world. But then he lost it and those who were closest to him. However, Shaun Hayes never lost his soul while hitting the lowest of lows in a federal penitentiary that once housed John Gotti. Shaun was once at the top of the banking world in St. Louis until he was in the wrong place at the wrong time during one of the worst recessions ever, which led to approving bank loans that violated state and federal laws.
[Read more…] about The Gray Choices In Our Business DecisionsUpside Down Management at Timpson
After watching a video by the CEO of the UK-based retail chain, Timpson, I looked forward to reading a book by its chairman, Sir John Timpson. The title is Upside Down Management. According to Business Sale Report, Timpson is now a 2,000-branch-strong business with revenue totaling £300m. In this conversation, we discuss their hiring of ex-offenders, putting money in the till and acting the part, and unconventional management tactics in a large organization.
[Read more…] about Upside Down Management at TimpsonThe Subscription Economy for Professional Firms
The subscription economy is alive and well for products-based businesses and the software industry. But how about professional services firms? Does the subscription model apply to accountants, lawyers, consultants, marketers, and other professionals? Ron Baker founded VeraSage Institute, the leading think tank dedicated to teaching value pricing to professionals worldwide. He’s the co-host of The Soul of Enterprise podcast, and he’s the author of numerous books, including his newest title, Time’s Up!
[Read more…] about The Subscription Economy for Professional Firms