It is always a happy day when someone at the company is doing so well that we can give them more responsibility. We try to promote from within as much as we can, but you also have to realize that’s not always possible. You might require a skillset that doesn’t exist in your company currently.
Matt Blumberg discusses “Startup CEO: Building Your Company Culture.”
Most people are motivated more by the work they do and the environment in which they work than by the money they earn. Therefore, the compensation and reward systems you offer to employees should include both monetary and non-monetary ideas.
The Six Sigma manufacturing process drives production to near-perfect levels, seeking less than 3.4 defects per million output units. Here, the basic purpose and process of the Six Sigma methodology, and its connection to “lean” manufacturing, are clearly explained for entrepreneurs. The article also provides tips on getting started and guidelines to successful implementation.
The people working for you will be the ones to determine your success. This article will help you discover what motivates them.
Values are one of the most important drivers of entrepreneurial success. Remember to reflect and clarify your values, formalizing them in writing, and live them as you make decisions in your business.
As your business grows, plan a method for recruiting and hiring the very best people you can find. It will be important to hire the right top managers and let these managers recruit and hire the staff.
Jack Stack gives back to entrepreneurship in a variety of ways, but one of his main contributions has been through delivering a consistent message: employees at all levels of a company should think and act like they own it.
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When key leaders are ready to move on to new challenges or even retirement, their legacy can be greatly diminished without good succession planning.