In this video, I will tell you the story of how a screw almost screwed with Apple’s business and what we can learn from this. Apple vs. the Screw Several years ago, Apple tried to manufacture its top-of-the-line computer Mac Pro, in the United States. Unfortunately for the company, they found out that a very …
A growing number of business owners and experts believe that gratitude is fast becoming a powerful business strategy. In this video, I explore why using gratitude as a business strategy might be worthwhile for you. What is gratitude? Gratitude defined is “the quality of being thankful; readiness to show appreciation for and to return kindness.” …
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 »
Is running your own business starting to wear you down? Do you feel more exhausted and more fatigued lately? In this video, I discuss one of the biggest challenges that business owners face today—entrepreneurial exhaustion and how you can overcome that. Why is entrepreneurial exhaustion bad for business? Investopedia.com lists entrepreneurial fatigue as one of …
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