Recently, I attended a terrific conference in Hershey of the ESOP Association, an organization dedicated to the success and growth of employee-owned companies. Much of the conversation, and many of the workshops, were focused on how we need to teach employees how to “act and behave like owners”…
Continue Reading »You know where you’d like the company to be in 3-5 years. But who will take it there? The current leaders are getting older, and there’s not much of a “bench.” Who will take over when (not if!) key employees and leaders retire? Employees with good potential are leaving. What career path is there for…
Continue Reading »Where will your company be in 3-5 years, and who will be running it? Succession planning needs to start with strategic planning. First, ask: Where do you want to be in 3-5 years? What might the world, industry, company and world look like in 3-5 years? What departments, roles and skill sets will be necessary between…
Continue Reading »Throughout the country, legislatures are increasing the minimum wage. Some states, such as New York, have scheduled wage increases for each of the next five years, and, according to the Wall Street Journal, in July the minimum wage went up in 15 places: By the start of next year, 29 states and Washington, D.C., will have…
Continue Reading »Process. Execution. Discipline. Manufacturing words, right? Yes, but they are also words that describe the way effective management should work. Just as quality manufacturing depends on a controlled and organized method, so does the management behavior that gets all of the production work done. What would happen if a plant manager or senior executive purchased…
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