Knowledge Finder Search: Employee owned

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Over the years, I’ve witnessed many effective advisory boards and also some that failed dismally.  I’ve identified 3 big mistakes that can make your advisory board unproductive and potentially detrimental.  Fortunately, all three areas under your control so knowing what to look for can help you are successful.   Mistake1: Not defining what you want the advisory board to do

Over the years, I’ve witnessed many effective advisory boards and also some that failed dismally.  I’ve identified 3 big mistakes that can make your advisory board unproductive and potentially detrimental.  Fortunately, all three areas under your control so knowing what to...

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In early July, we are launching a new survey of the midmarket - HEALTH OF THE MIDMARKET SURVEY - to profile various midsize companies, the actions they take and the outcomes they achieve.  This will enable the comparison of various types of middle market companies and inform them of the actions that will achieve certain desired outcomes. The survey is designed to be useful to a current CEO of a midsize company and to the many advisors and parties interested in the success of midsize companies.
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Are you really as smart as you think you are? Do people who surround you constantly sing your praises? Do you make more bad decisions than you’d like?
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Many midsize companies have been around for a while and operate in niches – geographic or industry.  Many of them tend to be the ‘big fish in the little pond’ and the business owner is the CEO.  They built the company with sweat and guts, and deservedly feel good about their accomplishment.  They are generally strong personalities (Type A+) who are used to adulation for their accomplishments and enjoy their position of power.  They are generally surrounded by people who helped them get there, people like themselves and who often pander to them. &nb
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Why do the top companies invest so heavily in business intelligence? Profits.

They understand that by transforming the data they have into information, it will provide them with a competitive advantage and improved profits.

The mid-market is no different from the Fortune 500 in...

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An ESOP provides significant benefits to the owner of a closely held company. This article explains that the ESOP may provide not only a ready market for the “pretax” purchase of stock of a deceased shareholder but also can provide liquidity to a shareholder during his or her lifetime, in many...

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People with big egos have a lot of confidence in their own abilities.  Startups are built around a star, a personality that is HUGE within the company and often within their own minds.  They can do a lot of things and often do them well.  But, as the company grows there isn’t yet a cloning machine for this ‘Superman’ or ‘Superwoman’.  Many of them have not developed successors - leaders who can take over. 
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We have been starting change in the wrong place for the past 100 years… Every time you want to improve a process, you start in the same place. You map the process so that you understand the process steps. Then you identify customer requirements and locate deficient process steps that must change to keep customers happy. You may also establish new measures and new communications. You train people on new procedures and expect changes in efficiency, quality and culture as the result of this work.
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Creating an advisory board can be easy but requires a simple process and thoughtful answers to a series of very important questions.  Your answers must be concise, clear and very direct or you won’t reach your destination. 

Creating an advisory board can be easy but requires a simple process and thoughtful answers to a series of very important questions.  Your answers must be concise, clear and very direct or you won’t reach your destination.  Read Akamai Board Member Marty Coyne’s views on...

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A brand embodies the meaning of a business, rolling up all its complexities into a clear expression. From the outside, this helps customers make sense of the company’s products and services. From the inside, authentic brand meaning focuses and aligns work. The value of brands is as much present for business to business as for consumer companies, although in different ways.
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