As business cycles go, there will be times when businesses experience periods of growth, and there will be times when businesses face downtrends. Sometimes, the causes of growth and decline are factors external to the business, such as economic booms (for growth) or recessions (for decline). The world experienced an economic crisis in 2008, which …
How do we effectively motivate employees? Studies have shown that there are different sources of motivation—internal motivation and external motivation. In this video, I explore how business owners can improve productivity through what research says are effective motivating factors. And these studies have been unanimous that only one of these two types of motivation can …
How do these team-building activities improve collaboration in the workplace? Are they really as effective as they purport to be? In this video, I explore why team-building activities may not necessarily improve collaboration in teams or within the workplace—and what you can do instead. Team-building activities can be fun: scavenger hunts, obstacle courses, cooking or …
Growth is a good thing—until it is not. In this video, I discuss why growth for the sake of growth may be a bad idea for your company—and what you can focus on instead. What is good—and what is wrong—about growth? One of the more common growth strategies include product lines extension and business diversification. …
How growth in your business can make you worse off Read More »
The common belief is that employees are motivated when they are rewarded for their good behaviour. However, this may do more harm than good. In this video, I explore how reward systems and policies can be discouraging the behaviour you want from your team. Can rewards motivate behavior? In a recent study on organisational behavior, …
How an employee reward system can curtail productivity Read More »
While over 70% of Australian businesses are family run, did you know that only 30% survive the transition from first to second generation and just 12% making it to the third generation? In this video, I explore succession issues that affect family-run businesses, and how they can address these to ensure that they not only …
How To Keep The Entrepreneurial Drive In A Growing Family Business Read More »
What does it mean to be innovative? And how can small businesses become innovative? In this video, I discuss what it means to have an innovation mindset and provide examples of how businesses—even small businesses—can be innovative. In recent years, many experts have lauded the importance of having an innovation mindset in organisations. And evidence …
Why being open to innovation is good for your business Read More »
We’ve all heard of the phrase, “Customer is King.” In this video, I challenge that notion and explore how one company’s policy shift that placed a focus on improving employee conditions resulted in increased productivity and higher overall sales. “Clients do not come first. Employees come first. If you take care of your employees, they …
How stable working hours can improve your business Read More »
In this video, I discuss the myth that when businesses grow faster than usual, employees tend to get overworked, which leads them to either leave the company or to experience productivity declines. Today, I will bust that myth and discuss plausible explanations of why this happens and how your business can prevent these from happening. …
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