When an employee is leaving your company, chances are that you are entirely focused on getting in their replacement. While getting their replacement is a necessity, conducting their exit interview is equally important. Conducting an exit interview is a valuable practice that 91% of the Fortune 500 companies do. Information gathered at such an
Roughly half of all new businesses fail to survive the first five years. Many don’t even last the first 18 months. There are plenty of reasons that businesses fail but a recurring theme is a lack of a clear growth strategy. A growth strategy is more that a vision; it’s a concrete plan to grow
Managers play a key role in making an organisation success or failure. Even if they know it or not, these managers tend to have certain management styles. An effective manager knows what style to choose for what project. These choices also depend on the level of influence manager has on their team. As well as
Success or failure of an organisation is dependent on its leadership. To a very deep extent. Leadership at the helm is an indication of the team’s future. “The single biggest way to impact an organization is to focus on leadership development. There is almost no limit to the potential of an organization that recruits good
Change is inevitable. As organisations grow and industries evolve, companies need to adapt to stay profitable. In 2015, McKinsey compiled a report. This report ranked 1,000 organisations on the Organisational Health Index. According to it, companies that could find the balance between speed and stability performed the best. In other words, organisations that could manage
What is Moral Integrity? Moral integrity is doing the right thing when no one is watching. We know what is right and wrong, and we choose to do the right thing. Doing the right thing when it’s the easiest or the most profitable thing isn’t what matters, though. When things are easy, anyone can
Growth is fundamental in establishing the success of a business. For most of the for-profit companies this growth means increase in sales, introduction of new products and/or increase in market share. Whichever goals are set, companies need an elaborate plan that will guide them through. An organisational strategy is such a detailed execution plan.
There are many pieces of the puzzle when it comes to determining how your business performs. A company’s productivity depends on many diverse things. Like the technology in use, ongoing processes & systems. It is also also shaped by the techniques used in different functions. For example, how do you bring leads in, nurture and convert them into paying customers. One key piece
It’s not unheard of for managers to ask a lot from their employees. Often employees do their best to accommodate what is asked of them, but that’s not always enough. But at times, managers cross the line and start asking a little too much of their direct reports. This is the beginning of a world filled with
Deliberately or not, group decision making happens in every team. Most teams look at the process of group decision making to improve quality of decisions. But they tend to overlook its potential for enhancing the company culture & collaboration. This article explores 7 different techniques to use in group decision making. It lays down the ground rules, advantages, disadvantages of these group